Deepak Lamba, Founder & CEO, ImagiNxt

The partnership brings together ImagiNxt’s ambition to build a world-class, future-facing technology platform with MeitY Startup Hub’s national mandate to catalyse innovation across startups, deep tech, and emerging digital technologies under the Ministry of Electronics and Information Technology (MeitY), Government of India. As part of the collaboration, MeitY Startup Hub will contribute to ImagiNxt 2026’s startup-led programming, policy conversations, and curated ecosystem engagements, enabling deeper participation from founders, innovators, and ecosystem institutions.

Scheduled for 22–23 May 2026 at the Jio World Centre, ImagiNxt 2026 is being built as a global convening where technology, enterprise, policy, science, and creativity intersect, with a strong emphasis on scalable, inclusive, and future-ready innovation.

Deepak Lamba, Founder and CEO, ImagiNxt, said, “India’s digital ambition will be realised by how effectively startups, policy and enterprise move together — at speed and at scale. Partnering with MeitY Startup Hub strengthens ImagiNxt’s ability to serve as a platform where founders are not merely visible, but structurally connected to capital, markets, policymakers and global opportunity. This collaboration is about translating innovation intent into measurable outcomes for India’s technology future.”

Dr Panneerselvam Madanagopal, CEO, MeitY Startup Hub, said, “India’s digital growth depends on strong collaboration between government, industry, startups and academia. ImagiNxt brings these stakeholders together in a structured and forward-looking way. I look forward to being part of ImagiNxt 2026 and contributing to conversations focused on building scalable, inclusive and future-ready technology for India.”

The partnership reflects a shared belief that India’s next phase of growth will be driven by startups, digital public infrastructure, and enabling policy frameworks that support innovation at a population scale.

Further details on MeitY Startup Hub-led sessions, startup showcases, and ecosystem initiatives at ImagiNxt 2026 will be announced in the coming months.

About MeitY Startup Hub (MSH)

MeitY Startup Hub (MSH) is the national startup and innovation platform of the Ministry of Electronics and Information Technology (MeitY), Government of India. MSH fosters innovation across deep tech, electronics, semiconductors, artificial intelligence, cybersecurity, gaming, and emerging technologies by connecting startups with government, industry, academia, and investors to accelerate innovation-led nation building.

About ImagiNxt 2026

ImagiNxt 2026 is India’s Festival of Technology and Innovation, built with the objective of enabling innovation-led nation building. The inaugural edition will be held on 22–23 May 2026 at the Jio World Centre, Mumbai, convening global technology leaders, enterprises, investors, policymakers, startups, researchers, and creators to shape India’s technology and innovation agenda for the next decade.

Curated by ImaginatioNxt Private Limited, ImagiNxt accelerates outcomes by connecting capital, markets, policy, and human experience, with focus areas spanning artificial intelligence, deep tech, digital public infrastructure, robotics, sustainability, enterprise transformation, and creator-driven economies.

The merger between Aster DM Healthcare Limited, and Quality Care India Ltd, one of the largest merger announcements in the healthcare industry has now received an order from the Hon’ble National Company Law Tribunal (NCLT), Hyderabad Bench to convene the shareholders and unsecured trade creditors meeting for approval of the merger. The meeting will be fixed for a date between February 27, 2026 and March 13, 2026. The merger transaction is already in receipt of approvals from Competition Commission of India (CCI) and ‘No Objection’ letters from the Stock Exchanges. The company expects to complete the merger process by Q1 FY2026-27, subject to receipt of all regulatory approvals and completion of other conditions precedents.

The merged entity ‘Aster DM Quality Care’ will be promoted by Aster Promoters and Blackstone and brings together the strengths of two leading healthcare providers with a common vision of expanding access to high-quality medical care across the country.

Dr. Azad Moopen, Founder & Chairman, Aster DM Healthcare

Dr. Azad Moopen, Founder & Chairman, Aster DM Healthcare, said, "We are pleased with the significant progress achieved in the merger process and are confident of shareholders/ unsecured creditors approval as well as pursuant to the NCLT order. We remain committed to working toward a speedy completion of the merger and look forward to making it effective by Q1 FY2026-27. Looking ahead, our focus will be on executing a disciplined integration strategy that leverages the complementary networks, clinical expertise, and operational strengths of Aster and Quality Care. The merger provides a strong platform to scale efficiently, enhance clinical excellence, and accelerate innovation, enabling us to build a more resilient and future-ready healthcare organization that delivers improved access and outcomes for patients across the country.”

The merged entity ‘Aster DM Quality Care Limited’ will have a combined portfolio of four leading brands: Aster DM, CARE Hospitals, KIMSHEALTH and Evercare. As of September 30, 2025, the combined bed strength of Aster and QCIL stands over 10,360 beds with bed strength of Aster at 5,195+ beds and QCIL at 5,165+ respectively. Looking ahead, the merged entity aspires to increase bed capacity to around 14,715+ beds over the coming years. With the combined scale, the merged entity will also be well-positioned to explore investments in advanced medical technologies and digital health platforms - driving innovation and creating a more integrated, seamless patient experience.

About Aster DM Healthcare, India

Aster DM Healthcare Limited is one of the largest healthcare service providers operating in India with a strong presence across primary, secondary, tertiary, and quaternary healthcare through 19 hospitals with 5,199 beds, 10 clinics, 203 pharmacies (Operated by Alfaone Retail Pharmacies Private Limited under brand license from Aster), and 283 labs and patient experience centers across 5 states in India, delivering a simple yet strong promise to different stakeholders: “We’ll Treat You Well.”

For more information about us, please visit www.asterdmhealthcare.com.

Funds Advised by Convergent Finance and Samara Capital to Acquire an Additional 4.99% Stake in Sundrop Brands

In addition, CAG-Tech also has an option to buy another 4.99% stake from DMPL, exercisable after April 1, 2026.

In August 2024, Convergent and Samara jointly acquired a controlling stake in Sundrop by acquiring CAG-Tech. Following this acquisition, Sundrop’s food portfolio was expanded through the purchase of 100.00% of Del Monte Foods Pvt Ltd (‘Del Monte’), a joint venture between Bharti Group and Del Monte, in an all-stock deal of USD 154 million.

Sundrop continues to strengthen its position in India’s fast-growing packaged foods market through a widening product portfolio and expanding national footprint. The company benefits from strong brand equity, a robust pan-India distribution network, and a disciplined strategy focused on quality, innovation, and consumer trust. By increasing their shareholding, Convergent and Samara are further deepening their commitment to Sundrop’s long-term growth.

These attributes position Sundrop to capture the structural shift toward branded, packaged food products as household consumption patterns evolve. With a clear roadmap for operational excellence and category expansion, the company is, in our view, well set up for sustained success and value creation.

Harsha Raghavan, Managing Partner at Convergent Finance, said, “Sundrop is uniquely positioned to benefit from India’s accelerating demand for trusted, high-quality food and beverage brands. By increasing our stake, we are reinforcing our conviction in the leadership, its strategy, and its potential to deliver attractive long-term compounding for all stakeholders.”

Manish Mehta, Managing Director and Co-Chief Investment Officer at Samara Capital, said, “We are pleased to further back Sundrop in its journey of building enduring household brands. The company’s consumer-centric strategy, deep retail reach, and growing portfolio of scalable categories give us strong confidence in its ability to deliver sustainable, profitable growth over the coming years.”

About Convergent Finance LLP

Convergent Finance LLP is an investment management and advisory partnership at the forefront of bringing together Ideas, Capital, and passionate Entrepreneurs. The Convergent investment process involves identifying proprietary platform and bolt-on opportunities, speed of execution, and a relentless focus on performance improvement. The Convergent value investing approach believes in paying fair and reasonable valuations through bilaterally negotiated transactions.

About Samara Capital

Founded in 2007, Samara Capital is one of India's leading mid-market private equity firms that invests in emerging partners with entrepreneurs and management teams to help businesses achieve their true potential, thereby creating long term value for all stakeholders. Samara's investment strategy believes that focusing on input metrics and culture-building leads to sustainable and scalable business performance. Consumer and Retail is one of the largest focus areas for the firm. Samara has done multiple platform buildouts to create market leaders in sectors such as Consumer and retail, business services and healthcare.

About Sundrop Brands

Sundrop Brands Limited is a public limited company engaged in the business of creating, marketing and distributing innovative, delicious and convenient food solutions. Sundrop is listed both on National Stock Exchange and Bombay Stock Exchange. Widely recognized for its popular brands like ACT II popcorn, Del Monte, and Sundrop edible oils, the company has a vision to deliver joyful food experiences to the modern consumer.

The companies plan to jointly develop AI-enabled devices for use cases such as voice-enabled assistants, intelligent IoT systems, and mobility applications, where on-device processing is critical for latency, security, and offline functionality. By processing intelligence directly on the device, these products aim to reduce dependence on cloud infrastructure while improving response time and data control.

The partnership reflects a broader shift within India’s electronics ecosystem, where companies are seeking to move beyond assembly-led manufacturing toward ownership of deeper technology layers, including silicon, firmware, and embedded AI.

Speaking about the partnership, Ishwar Kumhar, Chief Executive Officer, Brandworks Technologies, said, “India must define the future of smart hardware. By combining Brandworks’ hardware execution with SandLogic’s breakthrough AI, we are bringing powerful, secure, and language-smart intelligence into devices that touch everyday life across homes, workplaces, and mobility.”

Kamalakar Devaki, Founder and CEO, SandLogic, added, “Our mission is to make AI efficient, secure, and accessible. With Brandworks, we are transforming advanced chip and speech technology into meaningful consumer products that people can trust and rely on. This is India’s moment to lead the world in edge-based AI innovation.”

This strategic partnership directly supports India’s ongoing push for self-reliance in advanced electronics and elevates the country’s role in shaping the future of connected technology. The first wave of co-developed AI-enabled hardware will be introduced in 2026, with a significant focus on mobility, home-tech, and education solutions. As the ecosystem scales, both companies aim to export these made-in-India AI capabilities to global markets.

As part of its global engagement strategy, Brandworks Technologies will also participate in CES 2026 (6–9 January, Las Vegas), where it will present its automotive and electric mobility electronics portfolio to global OEMs and ecosystem partners. The showcase will reflect the company’s growing role as an India-based ODM and OEM partner with strong in-house R&D, design, and manufacturing capabilities serving the next generation of connected and electric vehicles.

About Brandworks Technologies

Brandworks Technologies Private Limited is India’s first design-driven, R&D-led electronics manufacturing powerhouse. Brandworks specializes in design-led product development, R&D, and high-precision manufacturing. The company delivers advanced solutions across AI and IoT hardware, audio systems, power and charging technologies, automotive electronics devices. Its mission is to build a globally competitive electronics ecosystem rooted in innovation, sustainability, and engineering excellence.

About SandLogic
SandLogic, founded in 2018, is a Bengaluru-based full-stack enterprise AI company specializing in edge AI, co-processor design, and multilingual intelligence for real-world deployment. Its capabilities span low-power co-processors, edge-optimized AI chips, LLMS and speech/NLP/vision APIs that enable secure, high-performance AI directly on devices across mobility, IoT, and consumer electronics. The company has been recognized with the Aegis Graham Bell Award and the National Startup Award, reinforcing its leadership in India’s emerging AI and chip ecosystem. SandLogic continues to advance the vision of “Intelligence at the Edge, Made in India.”

Bisleri joins hands with Manorama Hortus in Kochi

As part of the on-ground experience, Bisleri has set up Bottles for Change (BFC) and Bisleri stalls at the festival, along with benches made from recycled plastic, strategically placed recycling bins, and a specially designed bookshelf constructed entirely from recycled plastic. These installations not only enhance the visitor experience but also demonstrate practical and creative ways to repurpose used plastic, reinforcing the message of circularity.

Speaking on the association, Angelo George, CEO, Bisleri International said, “This partnership with Manorama Hortus is a natural extension of our ‘Bottles for Change’ mission - bringing sustainability into the heart of community life. By turning recycled plastic into thoughtful installations, we’re not just reducing waste — we’re sparking conversations, inspiring creativity, and helping people see how small actions can have a big impact. The possibilities of recycling are immense, and our ‘Bench of Dreams,’ made from recycled plastic, is a simple reminder of that. Together with Malayala Manorama, we are helping people realise that recycling can be both beautiful and impactful, inspiring more individuals to join us in shaping a greener future.”

This partnership reinforces Bisleri’s mission to drive behavioural change through meaningful collaborations and immersive initiatives that inspire communities to adopt greener, more responsible lifestyles. Through its ‘Bottles for Change’ initiative, Bisleri continues to educate and empower citizens to segregate and recycle plastic responsibly. By embedding plastic waste management into ecologically significant areas, the campaign advances conservation and encourages responsible recycling within local communities.

About Bisleri International Pvt. Ltd

With a legacy of over 50 years, Bisleri International Pvt. Ltd has grown to become one of the largest premium beverage businesses in India. Being the makers of the country's largest-selling packaged drinking water, Bisleri follows a stringent process of 114 quality tests and a 10-stage purification. It remains true to its core value of providing consumers with pure, safe and healthy water.

Bisleri International has a strong presence with 128 operational plants and a robust distribution network of over 6,000 Distributors and 7,500 Distribution Trucks across India and UAE market. It offers a range of beverages that are produced for all occasions. Whether it is the promise of goodness, trust, and purity with Bisleri packaged drinking water, or a daily dose of health offered through Vedica Himalayan Spring Water. Besides, Bisleri International has ventured into fun-filled refreshments with a diverse range of carbonated drinks available in multiple flavours, such as Bisleri Limonata, Bisleri Rev, Bisleri Spyci Jeera, Bisleri Pop and Bisleri Soda. These Bisleri products are also available on the e-commerce platform - Bisleri@Doorstep. This D2C platform reassures customers that they will receive a safe and uninterrupted supply of their most trusted brand at their doorstep.

The core values of Bisleri International lie in yielding growth and embedding sustainability by being responsible in all aspects of the business. The organization has unveiled Sustainability 2.0 with Bisleri Greener Promise that focuses on creating greener future for all through implementing initiatives under the program of recycling, water conservation and sustainability.

For more information on Bisleri International, our people, brands, and OSR initiatives, visit www.bisleri.com.

• In a historic first and as part of the collaboration, the IRS awarded Type Approval Certification to Neptunus for VIB 360, the Engine Condition Monitoring System, and Torque Sense SHAPOLI

• Formalised at Maritime India Week 2025, this recognition marks a major step for India in developing and certifying its own engine condition-monitoring system for marine diesel engines — giving Indian ship owners an early advantage in adopting data-driven and cost-efficient maintenance practices

• This Mumbai–built technology is set to change how the world’s ships are maintained - eliminating downtime, enhancing reliability, and reducing maintenance costs by up to 30%.

From left to right: Mr. P.K. Mishra (Managing Director, IRS) & Mr. Akshay Purohit (COO & Director, Neptunus Power) at the Maritime India Week 2025

This milestone marks the world’s first instance of a classification society approving a fully indigenous engine health monitoring solution, positioning India at the forefront of data-driven, sustainable, and cost-efficient maritime operations.

As part of the collaboration, the Indian Register of Shipping (IRS) has awarded Type Approval Certification to Neptunus for its VIB 360 – Engine Condition Monitoring System and Torque Sense SHAPOLI, marking the world’s first instance of indigenously developed, IRS-certified condition-monitoring technologies for marine diesel engines and propulsion systems.

The certification demonstrates India’s capability to deliver globally compliant, export-ready maritime solutions built entirely at home. Traditionally, ship maintenance followed fixed OEM intervals, conservative and costly. With VIB 360, fleets shift to Condition-Based Maintenance (CBM), thereby eliminating unplanned downtime, enhancing reliability, reducing maintenance costs by up to 30% (based on previous experience), optimizing fuel efficiency, and thus reducing emissions. This shift from time-based to data-driven maintenance represents a foundational step in India’s Digital Maritime Vision; enhancing operational reliability, reducing downtime, and cutting carbon emissions through precision diagnostics.

Under the MoU, IRS and Neptunus will jointly develop frameworks and standards for Condition-Based Maintenance (CBM) to help the maritime industry transition from traditional, time-based maintenance to real-time, data-led maintenance practices. The collaboration aims to enhance operational reliability, reduce maintenance costs, and contribute to India’s Green Shipping and Digital Maritime Vision.

“This MoU with the Indian Register of Shipping (IRS) reinforces our belief that Indian engineering can shape the global maritime future,” said Mr. Uday Purohit, MD & CEO, Neptunus Power Plant Services Pvt. Ltd. “We thank IRS for its vision and trust in Indian innovation. This Type Approval is more than a certification; it validates India’s capability to design and deliver data-led maritime technologies that meet global standards. Together, we are paving the way for Indian-built systems to enhance safety, efficiency, and operational reliability across the world’s shipping fleets.”

Speaking on the MoU, Mr. Akshay Purohit, Director & COO, said, “This MoU is a step toward making condition-based maintenance a mainstream reality in India’s maritime sector. By combining local innovation with data-driven insights, we are creating a framework that can reduce downtime, improve fuel efficiency, and extend asset life. Together with IRS, we aim to redefine how the shipping industry manages its engines; with systems built and certified in India.”

By combining the IRS’s regulatory and certification expertise with Neptunus’ technological innovation, this collaboration lays the foundation for a global shift in how the world’s ships are maintained, from preventive schedules to data-driven condition-based maintenance. It also reflects India’s growing capability to build technologies locally that are ready for global deployment.

About Neptunus Power Plant Services Pvt. Ltd.

Neptunus Power Plant Services Pvt. Ltd., headquartered in Navi Mumbai, is one of India’s leading providers of engine services, reliability engineering, condition-based maintenance, and asset optimization solutions for marine, oil & gas, and defense sectors. Recognized as India's Top Innovative MSME (Medium category) by ET Award 2023, Neptunus combines indigenous R&D with over 28 years of field expertise across 30+ countries, including Africa, South America, the Middle East & South East Asia.

Website: www.neptunus-power.com.

The transaction shall mark a significant strategic milestone for SAR Televenture as it will consolidates its position in India’s rapidly expanding telecom infrastructure sector and expects to strengthens its operational footprint across the southern region of the country.
 

Strategic Rationale and Synergies

The acquisition of Blue Lotus Support Services and Whitefield Communications aligns seamlessly with SAR Televenture’s core business strategy of delivering integrated telecom infrastructure solutions, including tower management, fiber deployment, and network maintenance. Both acquired entities bring robust operational expertise, established client relationships, and proven execution capabilities in the telecom services domain.
 

The integration of these businesses is expected to generate substantial operational synergies through enhanced resource utilization, cost efficiencies, and an expanded service portfolio. SAR Televenture anticipates that the combined entity will benefit from shared infrastructure, optimized logistics, and unified management systems - contributing to higher operational efficiency and service excellence. Consequently, combines entity will get a total of 4,50,000 aprx additional retail customer base in addition to the existing 4,00,000 lacs customer base.   
 

Geographical Expansion in Key Southern Markets

This acquisition also marks SAR Televenture’s strategic entry into high-growth markets across Karnataka, Tamil Nadu, Kerala, Telangana, and Andhra Pradesh. These states are witnessing significant acceleration in data usage and 5G network rollouts, making them critical regions for telecom infrastructure expansion. With Fusionnet Web Services Private Limited presence in Northern India, the acquisition will bring SAR Tele on PAN India Level. 
 

Commenting on the development, Mr. Rahul Sahdev, Managing Director, SAR Televenture Limited, said, “The acquisition of Blue Lotus Support Services and Whitefield Communications represents a natural progression in our growth journey. It enables SAR Televenture to strengthen its southern operations, enhance our service delivery capacity, and capitalize on emerging opportunities in India’s evolving digital and 5G ecosystem. The resulting synergies will reinforce our commitment to operational excellence and long-term value creation for all stakeholders.”
 

Enhancing Capabilities and Long-Term Value

The transaction is expected to augment SAR Televenture’s service capabilities in key domains such as fiber network management, tower infrastructure, and managed services, while creating a scalable platform to support future expansion. The integration of skilled human capital, combined with advanced technological capabilities, positions the company to deliver end-to-end solutions to telecom operators and enterprise clients nationwide.
 

The acquisition underscores SAR Televenture’s strategic intent to drive sustainable growth, deepen its market presence, and contribute meaningfully to the development of India’s digital infrastructure ecosystem.

Anirban Mukherjee, CEO, PayU said, "UPI isn't just a payment method, it's a growth engine for businesses. By combining NPCI’s comprehensive real-time payments infrastructure and Mindgate’s enterprise-grade solutions, we've built our UPI NXT Stack. This platform that will power the future of digital commerce in India by unlocking speed, choice, and scale for banks, merchants, and consumers."

George Sam, Co-founder & Business Head from Mindgate Solutions said, “The launch of the two UPI solutions showcases the innovation potential of our partnership with PayU. We are excited to see how these two solutions will set new benchmarks for reliability and innovation in India’s real-time digital payments industry.” Adding further Guhan Muthuswamy, Co-founder & Software Architect, said, “This launch marks our first launch together with PayU to deliver scalable, secure, and future-ready digital payment solutions. Together, we are committed to empowering banks and enterprises with the infrastructure needed to meet the evolving needs of India’s digital economy.”

PayU UPI NXT:

UPI NXT addresses market pain points like payment failures during peak traffic, delayed refunds, and complex integration challenges. It features:

• Dedicated Acquiring Switch supporting 10,000+ Transactions per second (TPS) with a 99.87% success rate

• Zero-redirection payments and instant refunds with 99.99% success

• Fastest payment confirmations and streamlined system for quick merchant onboarding

 PayU TPAP NXT:

TPAP NXT allows businesses to integrate full-scale UPI payment capabilities with three flexible approaches to launch as per their business needs with fully customizable APIs, certified SDKs, and hybrid SDKs. It supports:

• Functionalities like Custom Virtual Payment Address (VPA) creation, Person-to-Person (P2P) transfers and merchant payments

• Advanced UPI options such as Autopay and One-Time Mandates

Additionally, as part of the PayU's TPAP stack, PayU also provides:

• Multiple payment methods including cards, net banking, EMI, BNPL, and digital wallets in the same SDK

• Loyalty and Offer Engine to build Acquisition and Retention

• Intelligent recommendation engines optimizing payment selection based on merchant category, limits, and availability

Furthermore, PayU has also strategically partnered with National Payments Corporation of India (NPCI) to announce UPI Reserve Pay and UPI Autopay Interoperability.

• UPI Reserve Pay is a groundbreaking Single-Block Multi Debit feature that revolutionizes the digital payment experience across quick commerce, EV recharging, cab bookings, metro recharges, etc. This innovative solution allows customers to block a predetermined amount on merchant platforms and subsequently enjoy automatic debits for each purchase from this pre-blocked amount. For instance, blocking ₹1,000 an ecommerce platform and with each purchase, using the money from the blocked amount.

• UPI AutoPay Interoperability is built to empower customers to set up mandates on one fintech app and seamlessly transfer them to another for consolidated management, addressing the critical interoperability gaps.  This solution delivers flexibility for merchants while offering ease and convenience to customers.

In alignment with NPCI's new interoperability framework, this solution enables Payment Aggregators (PAs) to dynamically route mandates through one acquirer and recurring payments through another. Furthermore, merchants can route transactions across multiple PAs for the same mandate, optimizing success rates and enhancing customer experience.

About PayU

PayU, India's leading diversified fintech platform with Prosus as an investor, operates businesses that are regulated by the Reserve Bank of India and offers advanced solutions to meet the digital financial services needs of customers (merchants, banks, and consumers).

PayU provides payment gateway solutions to online businesses through its cutting-edge and award-winning technology and has empowered 4.5 lakhs+ businesses, including India’s leading enterprises, e-commerce giants and SMBs. It enables businesses to collect digital payments across 100+ online payment methods such as Credit Cards, Debit Cards, Net Banking, EMIs, pay-later, QR, UPI, Wallets, and more. It’s a preferred partner in the affordability ecosystem, offering the maximum coverage of issuers and easy-to-implement integrations across card-based EMIs, pay-later options and new-age cardless EMIs. PayU offers e-commerce brands best-in-industry success rates while ensuring a seamless checkout experience.

Mr. Sudarshan Venu, Chairman, TVS Motor Company

As part of this initiative, TVS Motor has agreed to acquire 100% ownership of Engines Engineering S.p.A., an Italian automotive design and engineering powerhouse known for advanced prototyping, innovation in high-performance motorcycles, and deep experience in MotoGP racing. The acquisition reflects TVS Motor’s commitment to strengthening its design and engineering base to accelerate the creation of next-generation mobility platforms.

The CoE is designed as a concept-to-product innovation hub, seamlessly integrating Engines Engineering’s expertise with TVS Motor’s global R&D capabilities. By uniting diverse engineering teams and expanding access to global talent pools, the CoE will significantly enhance the company’s speed to market, product differentiation, and technological leadership.

In addition to bolstering TVS Motor’s premium and future-ready product pipeline, the CoE will also add new capabilities to Norton Motorcycles, the company’s iconic British marque, supporting its ambition to craft modern luxury motorcycles with cutting-edge performance and design.

Commenting on the development, Sudarshan Venu, Chairman, TVS Motor Company, said, “The establishment of the new Italian Global Centre of Excellence marks another milestone in strengthening our capabilities and accelerating our journey to reimagine mobility. By combining the creativity and racing expertise of Engines Engineering with our engineering and design strengths, we are expanding our ability to deliver premium, connected, and electric vehicles that set new global benchmarks. Importantly, this Centre of Excellence further augments Norton’s capabilities, enabling it to advance its craft of exceptional high-performance motorcycles that not only honour its iconic legacy but also elevate its future ambitions.”

Key focus areas of the CoE include:

• Design Leadership and Engineering Excellence: Advancing capabilities in digital simulation, rapid prototyping, and modular platform development to set new benchmarks in performance and reliability.

• Future Mobility Technologies: Accelerating adoption of AI-driven design tools, advanced material applications, and digital integration to deliver vehicles that are connected, sustainable, and intuitive to use.

• Global Talent & Collaboration: Creating a magnet for world-class talent while building an ecosystem that engages universities, startups, technology leaders, and suppliers worldwide to co-develop disruptive solutions and foster innovation at scale.

With this initiative, TVS Motor will be able to reduce product development cycles, enhance design flexibility, and expand its premium portfolio, including high-displacement motorcycles, advanced scooters, and new electric mobility platforms. The expanded engineering depth will also strengthen Norton’s pipeline of high-performance motorcycles, enabling it to further solidify its position as a modern luxury brand.

This approach aligns with the company’s broader aspiration to improve the quality of life for people globally through compelling, sustainable mobility solutions.

About TVS Motor Company

TVS Motor Company (BSE:532343 and NSE: TVSMOTOR) is a reputed two and three-wheeler manufacturer globally, championing progress through sustainable mobility with four state-of-the-art manufacturing facilities located in India and Indonesia. Rooted in our 100-year legacy of trust, value, and passion for customers, it takes pride in making internationally accepted products of the highest quality through innovative and sustainable processes. TVS Motor is the only two-wheeler company to have won the prestigious Deming Prize. Our products have led in their respective categories in the J.D.Power IQS & APEAL surveys and J.D.Power Customer Service Satisfaction Survey. Our group company Norton Motorcycles, based in the United Kingdom, is one of the most emotive motorcycle brands in the world. Our subsidiary in the personal e-mobility space, TVS Ebike Company AG, has a leading position in the e-bike market in Switzerland.   TVS Motor Company endeavours to deliver the most superior customer experience across 80 countries in which we operate. 

PayU deepens strategic investment in Mindgate

While PayU has deepened its strategic investment, operational control will remain with the founders, ensuring leadership continuity, while customers, partners, and employees can expect business as usual with innovation and service excellence. Becoming a majority shareholder marks a strategic milestone for both PayU and Mindgate. The move will allow both companies to deepen their partnership, enhance product offerings, and further drive innovation in India's rapidly evolving real-time digital payments ecosystem.

"At PayU, we are driven to deliver exceptional value to our merchant and bank partners. Our additional investment in Mindgate underscores our confidence in its strong performance and the vast growth potential in India's real-time payments ecosystem. It further strengthens PayU's role in accelerating the Government of India's Digital India vision and reinforces our commitment to powering India's digital payments through PayU's diversified fintech platform," said Anirban Mukherjee, CEO, PayU.

“Mindgate continues to play a crucial role in the growth journey of India’s real-time payments by powering 10 billion+ monthly transactions and providing seamless payment solutions to leading banks. Together with PayU’s diversified fintech platform, its extensive network, and increased investment, Mindgate will be well-placed to contribute to the vision of global adoption of real-time payments,” said George Sam, Co-founder & Business Head, Mindgate Solutions.

“We are incredibly excited by PayU's deepened commitment to our shared vision of transforming payments infrastructure through innovation. Our success in India is built on the strength of our issuing platform, which has been central to the growth of real-time payments for leading banks and institutions. With PayU’s strong merchant stack complementing our capabilities, we now have the combined advantage of addressing the acquiring side of the payments ecosystem,” said Guhan Muthuswamy, Co-founder & Software Architect, Mindgate Solutions.

India's digital payments sector continues its remarkable growth trajectory, especially driven by real-time payment solutions like NPCI's UPI, which itself recorded over 20 billion monthly transactions last month. As NPCI accelerates its mission to expand UPI's global footprint, PayU with its increased stake in Mindgate has cemented itself as a leader in digital payments platforms that provides innovative, scalable, and secure payment solutions, ensuring a seamless transaction experience for users across global markets.

Together, PayU and Mindgate are set to take Digital India and fintech's evolution to the next phase by investing in India's UPI infrastructure. They also plan to bring real-time payments solutions to the broader Asia Pacific and MENA regions, which are rapidly moving toward real-time payments–led ecosystems like those in India and Brazil.

About PayU

PayU is the payments and fintech business of Prosus, a global consumer internet group and one of the largest technology investors in the world. In India, PayU operations are regulated by the Reserve Bank of India and offers advanced solutions to meet the digital payment requirements of the Indian market. PayU India companies aim to create a full-stack digital financial services platform to serve all (tapped and untapped) financial needs of consumers, merchants and banks through its cutting-edge technology solutions.

PayU provides payment gateway solutions to online businesses through its cutting-edge and award-winning technology and platform. PayU has empowered 5 lakhs+ businesses, including India’s leading enterprises, e-commerce giants and SMBs. It enables businesses to collect digital payments across 150+ online payment methods such as Credit Cards, Debit Cards, Net Banking, EMIs, pay-later, QR, UPI, Wallets, and more.

For more details, visit www.payu.in

About Mindgate

Mindgate Solutions, a trusted partner in digital payments since 2008, is headquartered in Mumbai, India, with regional hubs in the Middle East, Southeast Asia, and the UK. The company specializes in developing advanced payment solutions for banks, government institutions, merchants, and corporates, leveraging cutting-edge technologies such as microservices architecture and real-time streaming to ensure scalability, security, and reliability. With a dedicated team of over 1,600 payment professionals and a portfolio of 60+ global marquee clients, Mindgate plays a pivotal role in enabling seamless digital transactions worldwide.

Founded by George Sam and Guhan Muthuswamy, Mindgate has established itself as a dominant force in UPI infrastructure in India, processing over 10 billion digital transactions monthly through its partner banks, facilitating payments worth $1 trillion annually. Mindgate continues to expand its reach across key markets including the Middle East, Europe, the UK, ASEAN, and the US — enabling leading banks to modernize their digital payment infrastructure. Mindgate’s commitment to innovation and excellence has been consistently recognized with prestigious accolades on global platforms, including the MEA Finance Awards, IBS Intelligence Awards, The Asian Banker Awards and most recently, the 1st position in the Digital Payments Award 2024–2025 (TSP Category), conferred by the Ministry of Finance and Department of Financial Services, Government of India.

For more details, visit www.mindgate.solutions

Valvoline Cummins and Mahindra and Mahindra Ltd. teams come together to mark a new chapter of collaboration

This development marks a major milestone in a relationship that has steadily evolved over two decades in which Valvoline Cummins has been a trusted lubricants partner for Mahindra Automotive’s domestic aftermarket. As part of the new collaboration, Valvoline Cummins will now supply the majority of Mahindra’s aftermarket lubricant requirement, strengthening the depth and scale of the relationship.

Additionally, Valvoline Cummins will tailor its innovative solutions and services to Mahindra’s operations in the North, West, and East zones of India, offering a comprehensive portfolio of high-performance lubricants under the brand name of Mahindra Maximile. These products will be tailored for their entire range of Passenger vehicles, SUVs and Pickup vehicles.

The collaboration includes a four-year agreement, aligning with Mahindra’s broader goals around operational efficiency and performance enhancement. This latest agreement further demonstrates Valvoline’s position as a progressive and innovative brand empowering and enabling what moves the world forward.

In alignment with both companies’ sustainability commitments, Valvoline Cummins will also introduce Post-Consumer Recycled (PCR) packaging across its supply chain to Mahindra—reinforcing a joint commitment to responsible business practices and environmental stewardship.

Speaking on the partnership, Sandeep Kalia, Managing Director, Valvoline Cummins Private Limited, said, “As a trusted partner with Mahindra for the past decade, we are excited for this evolution of our relationship. Today marks a major milestone that will enable significant business growth and reflects further confidence in our people, technology, innovation, serviceability, and continuous commitment to customer centricity as a core value.”

Remarking on the overall significance of the partnership, Michael Dreyer, Senior Vice President and General Manager APAC, Valvoline Global Operations said, “Mahindra is fast becoming a trusted global brand, and Valvoline is well positioned to collaborate across geographies and support their global ambitions. This strategic agreement unites two trusted names with a shared focus on performance, innovation, and sustainability. As Valvoline expands its role within the Mahindra ecosystem, the collaboration is set to deliver enhanced value across vehicles, and customer experiences—setting new benchmarks for excellence in automotive lubricant solutions.”

About Valvoline Cummins India JV
In India, Valvoline™ Cummins Private Limited is a 50:50 joint venture between Valvoline International Inc; 100% subsidiary of Valvoline Global Operations and Cummins India Limited; India's leading manufacturer of diesel engines and the largest exporter of engineering products, resulting in Valvoline Cummins Private Limited, that is engaged in the production, distribution and marketing of lubricants, grease, and other allied products. To know more, visit www.valvolineglobal.com/en-in.

™ Trademark, Valvoline Global Operations, or its subsidiaries, registered in various countries.

™ Trademark, Cummins Inc, or its subsidiaries, registered in various countries.

The combined entity will build on Strangeworks' existing solutions, unlocking vast market opportunities by seamlessly integrating Quantagonia's expertise in mathematical optimization, HybridSolver orchestration technology, and AI-powered decision-making solutions with Strangeworks' robust AI and quantum infrastructure, expansive compute catalog and partner syndicate. Empowering customers to enable both seasoned professionals and subject matter experts within their organizations to more easily solve computational challenges using a wide selection of classical, hybrid, quantum, and quantum inspired technologies.

Strategic Alignment and Market Expansion

Having recently expanded its global footprint with a new presence in India, this acquisition significantly strengthens Strangeworks' market position and accelerates the company's strategic goals in Europe. Strangeworks and Quantagonia share a rich history of successful collaboration on projects with enterprises around the globe, resulting in a world class team connected by a shared vision and mission.

For the first time, long-standing barriers that have plagued subject matter experts and non-technical users alike have been removed. Allowing anyone within an enterprise to harness applied artificial intelligence (AI) to solve complex planning problems across industries such as life sciences, finance, energy, aerospace, logistics, and manufacturing, spanning use cases from staff and asset scheduling to route planning and inventory optimization. The merger instantly unlocks new go-to-market opportunities by opening access to a broad, underserved audience previously excluded from this domain.

Quantagonia's Core Innovations

At the heart of Quantagonia's value are two powerful technologies designed to overcome the traditional barriers of complex optimization planning:

• The solver orchestration engine is a sophisticated, hardware-agnostic solver management and selection technology. Unlike conventional single-algorithm approaches, the solver management engine intelligently orchestrates multiple best-in-class solvers to work in parallel, dynamically sharing information to achieve superior performance.

• The AI-powered decision-making solutions powered by Large Language Models (LLMs)complement the solver orchestration engine. Quantagonia's suite of tools leverages advanced LLMs to remove traditional requirements of deep mathematical and programming expertise and provide an intuitive, natural language interface. This groundbreaking approach enables non-technical subject matter experts, such as operations managers, supply chain professionals, or HR specialists, to formulate, refine, and solve problems on their own.

"This acquisition is not only about combining two companies; it's about uniting two powerful visions to create something truly transformative for any organization wanting to take advantage of advanced computing," said whurley, Founder and CEO of Strangeworks "We're excited to welcome Dirk, Philipp, and the entire Quantagonia team into the Strangeworks family. Their expertise in applied AI and optimization will help drive innovation across Europe and beyond."

"We are all excited to be joining the Strangeworks team and I am looking forward to my senior leadership role within the company to support whurley in realizing our joint vision," said Dirk Zechiel, Co-founder and CEO of Quantagonia "by joining forces with Strangeworks it will allow us to scale rapidly, serve more customers, and make sophisticated optimization capabilities available globally."

"With increasing demands for QC firms to demonstrate competitive advantage to aspiring QC end users, acquisitions that can leverage quantum's performance capabilities to solve critical real-world problems across the industrial sector are the next significant milestone in the maturation of the QC sector," according to Bob Sorensen, Chief Quantum Analyst at Hyperion Research. "Strangeworks' acquisition of Quantagonia - combining the recognized pioneering leadership in quantum computing of whurley, whose entrepreneurial track record includes successful exits to companies like Accenture and Goldman Sachs, with the veteran optimization expertise of Dirk Zechiel, cofounder of Gurobi GmbH - places Strangeworks in an enviable position to accelerate progress in the rapidly emerging quantum/classical optimization space."

Quantagonia's presence in Munich and Frankfurt expands on Strangeworks' established footholds across the U.S., Europe, and APAC, positioning the combined company for significant global growth. Backed by leading investors including IBM, Hitachi Ventures, RTX Ventures, Lightspeed Venture Partners, and GreatPoint Ventures, Strangeworks is expanding access to next-generation computing solutions for companies worldwide.

About Strangeworks

Headquartered in Austin, TX, Strangeworks is on a mission to turn computational complexity into real world solutions. With the largest catalog of quantum and quantum-inspired computing resources on an innovative cloud platform backed by computational experts, we make the transformative potential of quantum computing accessible to all. Our AI powered workflows make it easier for enterprises to solve today's toughest challenges, accelerate breakthroughs, and future-proof their operations. Partnering with customers worldwide, Strangeworks delivers immediate ROI while shaping a smarter, quantum-enabled future.

About Quantagonia

Founded in 2021 by Dirk Zechiel, Philipp Hannemann, Prof. Sabina Jeschke, and Prof. Sebastian Pokutta, Quantagonia develops AI-powered, quantum - ready planning technology. With offices in Frankfurt and Munich, the company makes advanced decision - making accessible to both experts and business users combining optimization, AI, and natural language to solve complex planning challenges at scale.

Pearl Academy partners with INSEAD XR, one of the world’s leading centres in immersive educational technology

This pioneering initiative reflects PSB’s core focus on future-forward learning, global collaboration, and innovation-led pedagogy. The XR Simulation Workshop marked a transformational moment for business education at PSB, where real-world case studies met multi-sensory immersive experiences to redefine classroom learning.

The workshop featured two cutting-edge simulations—The Avocado Case, centred on strategic decision-making, and Mission to Mars, which focused on enhancing critical thinking and collaboration. Donning VR headsets, students were transported to high-impact environments, from the sun-drenched shores of Zanzibar to the mission control centres of Mars. These simulations brought business scenarios to life, challenging students to make real-time decisions in dynamic, high-stakes contexts.

“At PSB, we are not just adapting to change—we are leading it. Our collaboration with INSEAD XR brings a bold, immersive layer to business learning—helping our students build decision-making skills, emotional intelligence, and agility in a controlled but real-world-like environment,” said Amod Vijayvargiya, Director, Pearl Academy School of Business.

Rooted in a legacy of innovation and built on pillars like creative leadership, founder’s mindset, industry immersion, and life skills, PSB continues to push boundaries. With this partnership, Pearl Academy School of Business is delivering education that is experiential, global, and purpose-driven—shaping business leaders who are ready for the complexities of tomorrow’s world.

Following the success of the pilot, PSB plans to formally integrate immersive XR simulations into the MBA curriculum from the upcoming semester, providing students with a learning experience that is both relevant and radical.

With campuses in Delhi South, Mumbai, and Bengaluru, Pearl Academy’s School of Business is fast emerging as a trailblazer in creative, tech-enabled business education—empowering future leaders to think like founders and lead like visionaries.

About Pearl Academy

Pearl Academy, a unit of the Creative Arts Education Society (CAES), is India’s leading creative education institution. Established in 1993, the institution offers a diverse range of Bachelor’s and Master’s degree programmes, including B.Des/M.Des., BBA/MBA and short-term certificate courses across disciplines such as Fashion Design, Communication Design, Product Design, Interior Design, Textile Design, Fashion Communication, Fashion Styling, Global Luxury Brand Management, Fashion and Lifestyle Business Management, Advertising and Brand Management, Digital Communication Management, Data Science and Business Analytics, Media and Entertainment Management,  Human Resource Management and more.

With campuses in Delhi-South, Delhi-West, Mumbai, Bengaluru, and Jaipur, Pearl Academy provides world-class education backed by its affiliation with the Rajiv Gandhi National Institute of Youth Development (RGNIYD), a Government of India Institution of National Importance on par with prestigious institutions such as IITs, IIMs, NIDs, and AIIMS.  This partnership ensures that effective 2024 intake, all students will receive accredited degrees recognised by the Government of India.

With a legacy of 32 years, Pearl Academy has evolved into a globally renowned institution of higher learning, placing a strong focus on global exposure, entrepreneurship, technological expertise, and life skills. The institution has been a catalyst for success for its students through its constructive tie-ups with industry bodies such as FDCI, Tech Mahindra, Reliance Brands Ltd., MAC, and international universities.   With an impressive track record of consistently exceeding a 99% placement rate, Pearl Academy has over 700 top recruiters hiring its graduates annually. The institution boasts 15,000+ successful alumni and continues to be a driving force in the creative industries, both in India and globally.

For more information, please visit: www.pearlacademy.com.

Mr. Gurinder Kamboj, HMPL’s nominee Director on Quippo’s board

The acquisition, completed through subsidiary route, reflects more than a strategic shift; it represents HMPL’s evolving identity—from a high-performing infrastructure EPC company to a diversified platform capable of delivering across capital-intensive, high-barrier industries. It’s a bold move, grounded in market fundamentals and aligned with national energy priorities.

Strategic Entry into Capital-Intensive, High-Barrier Sector

This acquisition represents more than diversification—it signals HMPL’s transition from a pure-play EPC operator into a multi-vertical, asset-integrated platform capable of long-cycle participation in offshore energy, exploration, and production services. The move enables HMPL to tap into an industry segment characterized by recurring revenues, limited competition, strong demand fundamentals, and policy-driven growth tailwinds.

By integrating Quippo’s proven oilfield service capabilities with HMPL’s execution excellence, the company is poised to generate operating leverage across infrastructure and energy verticals, creating a structurally advantaged position for sustainable value creation.

Quippo brings Strategic Assets & Technical Depth

Quippo, a pioneer in India’s onshore and oilfield services landscape, strengthens Hazoor Multi Projects’s operating base with: 

• A fleet of 14 advanced drilling rigs (650 HP to 3000 HP), including top-drive systems for deep and complex drilling operations 

• A team of 400+ oilfield professionals with global experience and safety-first operational discipline 

• A history of suc ce ssf ul delivering complex projects, including India’s deepest well in Assam, ahead of scheduled timelines

• Diversified service offerings across directional drilling, work-over, cementing, seismic, and integrated field development

These capabilities immediately enhance HMPL’s qualification to pursue large-scale offshore and integrated energy services contracts—both in India and in emerging international markets.

A Strategic Evolution, driven by a Collective Vision

This achievement is not the result of individual effort but rather a reflection of collaborative leadership, deep domain expertise, and a unified commitment to HMPL’s long-term strategic growth; the transition into energy services has been thoughtfully and systematically being executed by a strong, multidisciplinary team comprising project engineers, oilfield specialists, finance professionals, and strategic advisors, whose combined capabilities have enabled the company to navigate complexity, seize emerging opportunities, and position itself for sustained success in a rapidly evolving energy landscape.

Mr. Gurinder Kamboj, HMPL’s nominee Director on Quippo’s board, put it aptly, “This acquisition is more than growth—it’s about positioning HMPL where the future is headed. By combining infrastructure DNA with deep oilfield expertise, we’re building a capital-efficient, globally relevant platform with the flexibility to scale across geographies and service lines.” 

Key investment rational include:

• High-margin recurring revenues from rig leasing and field services 

• Expanded market reach across upstream E&P in India and high-growth international regions

• Platform synergies with HMPL’s EPC, shipyard, and renewable verticals

• Optionality in Strategic Adjacencies including well-services, marine logistics, and deepwater EP

• Asset-light execution models that balance capital deployment with risk management

As India steps up deepwater exploration under the Open Acreage Licensing Policy (OALP) and focuses on energy security, the timing couldn’t be better. HMPL is now aligned with both macro trends and national imperatives.

HMPL continues to demonstrate execution leadership across critical infrastructure segments, including highways, bridges, tunnels, ports, and renewable energy. The company’s successful delivery of high- impact, capital-intensive projects is supported by a multidisciplinary team with deep sectoral knowledge and a commitment to engineering excellence. The acquisition of Quippo not only expands HMPL’s capabilities but also aligns with its broader strategic vision - to be a vertically integrated player at the intersection of infrastructure, energy, and industrial services.

About Hazoor Multi Projects Ltd. (HMPL) 
Hazoor Multi Projects Ltd. (HMPL) is a BSE listed, diversified infrastructure and engineering company based in Mumbai, with core operations spanning highways, civil EPC works, and shipyard services and now in Oil and Gas Sector. Known for execution excellence and strategic clarity, HMPL has built a solid track record across capital-intensive, nationally significant projects. With a focus on scalable growth, recurring revenues, and multi-vertical integration, HMPL is building a future-ready platform at the intersection of infrastructure, energy, and industrial technology.

 BSE Symbol: HAZOOR | BSE Code: 532467 | ISIN: INE550F01049 

Team CamCom, ERGO AG & HDFC ERGO at the strategic partnership event in Bengaluru

The partnership signals CamCom’s growing global footprint and affirms its position as a world-class platform delivering enterprise-ready AI solutions for critical sectors. The solution is already live in Estonia, Latvia, and Lithuania, with phased rollouts planned across other ERGO markets in Europe.

CamCom’s proprietary Large Vision Model (LVM) — the world’s first domain-specific AI engine for defect and damage detection on surfaces — is trained on a dataset of over 450 million customer-validated images. It allows insurance customers to capture and upload images of vehicles or properties via their smartphones, enabling accurate, auditable, and scalable pre-inspection and damage assessments. This reduces subjectivity, improves efficiency, and enhances transparency for both insurers and customers.

“We are proud to be ERGO’s trusted technology partner,” said Geetha Sham, Director and President – Europe, CamCom Technologies. “This partnership marks a milestone in our global journey and reinforces our commitment to delivering scalable, high-performance AI solutions that are tailored to the specific needs of the insurance sector.”

“Good technology is not just innovative — it must be practical, scalable, and intuitive,” said Mark Klein, Chief Digital Officer and Member of the Board of Management, ERGO Group AG. “CamCom’s AI solution meets all these criteria, and we’re excited to expand this collaboration beyond India and into our European markets, where we operate in motor and homeowners’ insurance classes. Together, we aim to simplify and digitize insurance experiences for our customers’ workflows, helping validate the platform’s robustness, accuracy, and scale in real-world applications. The partnership with ERGO Group AG signals the success and maturity of this collaboration”, he added.

Parthanil Ghosh, Executive Director, HDFC ERGO General Insurance Company Limited, commented “Our long-standing partnership with CamCom has brought measurable improvements to our automotive claims and underwriting operations. Their AI-driven inspection solutions have enhanced efficiency, accuracy, and customer experience — we are pleased to see this proven technology now supporting ERGO Group’s global initiatives.”

Ajith Nayar, CEO of CamCom Technologies said, “CamCom as an industry-agnostic computer vision platform, we have built world-class solutions that are not only accurate and scalable, but also trusted by global enterprises and Governments. With the onboarding of an esteemed brand like ERGO Group AG, we are expanding our global footprint and reaffirming our commitment to delivering AI innovation that drives real-world impact from India.”

CamCom’s platform is currently deployed by over 15 insurance companies across globally. The platform complies with region-specific regulations, including GDPR in Europe and IRDAI guidelines in India — enabling secure, compliant, and efficient integration across geographies.

This partnership is also aligned with ERGO’s broader ambition to be the digital leader in insurance by 2025 and reflects the group’s continued investment in innovative technologies through platforms like the ERGO ScaleHub in Düsseldorf.

*Subject to IRDAI approvals

About CamCom

CamCom, an award-winning, industry-agnostic Computer Vision (CV) platform, is revolutionising defect and damage assessment on all surfaces. They are pioneers in leveraging Artificial Intelligence (AI) and associated technologies in the visual inspection process. CamCom’s expertise lies in assessing micro-defects during production and macro-damages in the aftermarket, which is often subjective and inconsistent. The impactful CamCom AI solutions increase efficiency, prevent defective product seepage, and offer non-linear scalability. Their track record includes successful implementations in various industries across the globe, demonstrating their capabilities and reliability.

For more information, please visit: www.camcom.ai.

About ERGO Group AG

ERGO is one of the largest insurance groups in Germany and Europe.

The Group is represented in over 20 countries worldwide, with a focus on Europe and Asia. ERGO offers an extensive product portfolio for private and corporate clients in every key insurance category, as well as end-to-end support and services. Three separate units operating under the umbrella of ERGO Group AG – ERGO Deutschland AG, ERGO International AG, and ERGO Technology & Services Management AG – manage the ERGO Group’s businesses and activities. The German and international businesses as well as global management of IT and technology services are organised in these units. Around 37,000 people work for the Group, either as salaried employees or as full-time, independent agents. In the 2024 financial year, ERGO generated insurance revenue of €20.8bn and a result of €810m. ERGO is part of Munich Re, one of the world’s leading reinsurers and risk carriers.

You can find more information at www.ergo.com.

About HDFC ERGO

HDFC ERGO General Insurance Company Limited, one of the leading private sector general insurance companies of India, whose promoters are HDFC Bank Limited, one of India’s leading private sector banks, and ERGO International AG, the primary insurance entity of Munich Re Group. A digital-first company, transforming into an AI-first company, HDFC ERGO is a leader in implementing technology to offer customers the best-in-class service experience.

HDFC ERGO offers a complete range of General Insurance products including Health, Motor, Home, Agriculture, Travel, Credit, Cyber and Personal Accident in the retail space along with Property, Marine, Engineering, Marine Cargo, Group Health and Liability Insurance in the corporate space.

Be it unique insurance products, integrated customer service models, top-in-class claim processes or a host of technologically innovative solutions, HDFC ERGO has been able to delight its customers at every touchpoint and milestone.

The Company has created a stream of innovative & new products as well as services using technologies like Artificial Intelligence (AI), Machine Learning (ML), Natural Processing Language (NLP), and Robotics. HDFC ERGO offers a range of general insurance products and has a completely digital sales process with 299 branches and 600+ digital offices across India. HDFC ERGO’s technology platform has empowered the customers to avail services digitally on a 24x7 basis, with 70%+ claims for retail products intimated digitally and over 80% of service interactions are catered digitally of which 10% are AI led. The Company issued ~3.4 crore policies in FY25 and has one of the best claims payout ratios in the General Insurance industry.

Please log on to www.hdfcergo.com or stay connected on the following social media handles to get more information on HDFC ERGO and the products and services offered by the company.

Disclaimer

This media information contains forward-looking statements that are based on current assumptions and forecasts of the management of CamCom Technologies, the ERGO Group and HDFC ERGO General Insurance. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and actual developments, in particular the results, financial situation and performance of the Companies. The company assumes no liability to update these forward-looking statements, or to adjust them to future events or developments.

This transition marks the end of a decade-long journey that saw Gupta move from aerospace and defense innovation to building one of India’s most recognized tech-backed personal care brands. Under his leadership, Clensta grew from a lab-stage idea into a multi-category company with global reach and institutional interest. In his post, Gupta reflected on the lessons of scale, resilience, and timing — stating that he now enters a phase of “reset and reflection,” and hinting at future projects in venture-building and authorship.
 

A Founder’s Journey Few Can Match

Before Clensta, Puneet spent 8 years building an optoelectronic company serving the Indian armed forces. From night vision to tactical gear, his engineering innovations helped secure global attention—including offers from players like Reliance Defence.
 

But in 2016, Puneet took a bold leap. He moved from battlefield to bathroom, founding Clensta with the idea of solving hygiene for soldiers without access to water. Partnering with IIT Delhi, he launched the now-patented Waterless Bathing Technology, followed by Waterless Shampoo and many others. These innovations quickly found favor in hospitals, disaster relief, and space-constrained environments.
 

A Brand That Connected at Scale

As Clensta expanded across D2C marketplaces and multi-category retail, it caught the attention of several global VCs, PE firms, and strategic players — including Amazon, which had valued the business at $36 million.
 

In 2023, the brand made headlines again when Parineeti Chopra joined Clensta as a partner and brand co-builder. The association went viral across social media and press, signalling a strong consumer resonance with Clensta’s mission and story.
 

Often referred to as “the waterless man”, Puneet Gupta helped shape Clensta into a category-defining personal care company that blended sustainability, science, and national purpose.
 

Quiet Signals and a Clear Arc

The brand also drew attention when a former senior executive from Mamaearth joined Clensta as Co-founder. The executive exited in 2024, citing a difference in long-term alignment with the strategic direction Clensta was heading toward. Puneet’s recent announcement now completes that arc.
 

A Moment of Reflection, Not Retreat

In a world where founders often glamorize the hustle, Puneet’s LinkedIn post stood out for its honesty. Reflecting on his military-honed mindset, he admitted:
 

“I used to believe jab nadi aayegi tab pul banayenge. I was wrong.
 

You don’t build the bridge during the flood. You build it before.”
 

He also revisited his talent philosophy:

“I thought learning, earning, and recognition—what I called LSD: Lakshmi, Saraswati, and Durga—was enough to retain people. But I was wrong. Great companies are built on processes, not passion alone.”
 

Without going into detail, Puneet acknowledged that the path wasn’t always smooth — and that building an enduring brand requires facing difficult truths.
 

“The founder must be the last to leave. You take the hit. You hold the line. You leave the light on.”
 

What Comes After a $100 Million Journey?

Puneet Gupta now enters stealth mode. After cumulatively building a Defence-first B2B and B2C company valued at $100 million, he steps into a phase of deep reset. While the details of his next chapter remain undisclosed, he has hinted at an upcoming book — a reflection on what it truly means to build scale, where valuation doesn’t always translate to personal financial outcomes. It draws from the untold journey behind building $100 million+ companies, and signals a possible return to venture-building — this time with sharper capital strategy, founder alignment, and market timing at its core.
 

Having raised capital from institutional investors and attracted interest from global VCs and strategic players like Amazon, Puneet brings rare clarity into the complexities of fundraising, founder dilution, and alignment. If he chooses to support early-stage founders in the future, it’s likely to save them years of wasted effort — and offer the kind of strategic insight only hard-won experience can provide.
 

The question he leaves open — “What does a founder pursue after such a long stint?” — is one the startup world will be watching closely.
 

An Award-Laden Legacy

Puneet and Clensta have received some of the country’s highest recognitions:

National Entrepreneurship Award (Govt. of India)

Entrepreneur of the Year (NewsTV18)

TiE Lumis Excellence Award, Business World Young Entrepreneur, Times 40 Under 40

UK Tech Rocketship, ET Rise Startup of the Year, PwC LevelNXT Disruptor Award

Recognized by Saudi Aramco, US Embassy, and CII
​

From Founder to Force

Whether building for the Army or the Indian consumer, Puneet Gupta’s north star has remained clear: solve real problems, with precision and purpose.
 

As he steps down as CEO, Clensta’s journey serves as a reminder: in the end, every founder is a salesman — whether it’s defense tech or a bottle of shampoo. It’s not about what you sell, but how you build.

AVIRATA AFL Connectivity Systems Limited JV signing

Headquartered in Bangalore, the joint venture is focused on delivering high-performance, scalable, and sustainable connectivity infrastructure for hyperscalers, enterprise customers, and colocation providers. With an integrated manufacturing facility, engineering expertise, and a customer-centric delivery model, the JV is well-positioned to serve not only the Indian market but also support global customers and opportunities.

“This partnership is a natural extension of the trust and synergies built over the years,” said Tony Dunstan, President Australia & New Zealand, AFL. “India is a strategic market, and with this JV, we are well-positioned to address the surging demand for future-ready data centre infrastructure. We are confident that JV will provide excellent value proposition not only in India but also can be leveraged for global requirements.”

“The launch of this JV represents a bold step forward in our growth journey,” said H.G.Chandrashekar, Chairman & Managing Director, ADS. “Together with AFL, we are not only expanding capacity – we are building a platform that integrates world-class technology with deep localization. ADS brings the ability to execute at scale, leveraging our experience in local manufacturing, supply chain agility, and regulatory alignment. This collaboration uniquely positions us to serve the growing needs of the Indian market and create meaningful impact for global customers and opportunities.”

The launch event, held at the A2CS’ state-of-the-art facility in Bangalore, was attended by senior leadership from both companies, along with key customers, partners, and industry stakeholders.

About Avirata Defence Systems (ADS)
Avirata Defence Systems (ADS), a SASMOS company, is a leading provider of advanced engineering and manufacturing solutions for mission-critical systems across aerospace, defence, and industrial sectors. With a strong focus on innovation, localization, and global quality standards, ADS is committed to enabling world-class manufacturing capabilities from India to the world.

About AFL
AFL, a subsidiary of Fujikura Ltd. of Japan, is an international leader in providing end-to-end solutions in fiber optic products, engineering, and services for communications networks. Headquartered in Duncan, South Carolina (USA), AFL’s solutions span across data centres, enterprise networks, electric utilities, OEMs, and more - delivering innovation that connects and empowers.

Visit our website www.LTFINANCE.com to avail of the L&T Finance Gold Loan

Earlier this calendar year, LTF had announced the proposed acquisition of gold loan business undertaking of PMFL, marking its entry into gold loan business. The gold loan franchise will be an addition to LTF’s portfolio of secured loan products.

Speaking on this occasion, Mr. Sudipta Roy, Managing Director & CEO of LTF said, “We are pleased to announce the completion of PMFL’s gold loan business acquisition. In-line with our five-pillar strategy of enhancing customer acquisition, we continuously endeavour to expand our existing product offerings in a synergistic and contiguous manner.

LTF has one of the largest rural franchises of approximately 1.6 crore rural customers and hence, this acquisition is a natural contiguous cross-sell product extension of our business. Our rural workforce of 20,000 feet-on-street will provide an immediate force multiplier, enabling active generation of gold loan leads within our existing customer base. This is a significant strength that sets us apart from the competition.”

“The gold loans business will fill a crucial gap in our portfolio, introducing a secured, high-yield product that will benefit both our rural and urban customers. This acquisition is not just about expanding our offerings; it's about solidifying our position as a comprehensive financial partner for our customers across the country,” added Mr. Roy.

LTF's entry into the gold loan business aligns seamlessly with the Company’s philosophy of risk-calibrated inorganic growth, fulfilling considerations such as addressing a critical capability gap, ensuring an easily integrable business model and people profile, and being available at attractive valuations.

Mr. Sat Paul Bansal, Chairman and Managing Director of PMFL said, “We are proud to have built a strong, compliant, and customer centric gold loan business undertaking and we believe that LTF is the ideal partner to take this legacy forward. We are confident that the customers and employees transitioning to LTF will continue to thrive under its leadership and expansive ecosystem.”

About L&T Finance Ltd (LTF)

L&T Finance Ltd. (LTF) (www.LTFINANCE.com) formerly known as L&T Finance Holdings Ltd., (LTFH) is a leading Non-Banking Financial Company (NBFC), offering a range of financial products and services. Headquartered in Mumbai, the Company has been rated ‘AAA’ — the highest credit rating for NBFCs — by four leading rating agencies. It has also received leadership scores and ratings by global and national Environmental, Social, and Governance (ESG) rating providers for its sustainability performance. The Company has been certified as a Great Place To Work® and has also won many prestigious awards for its flagship CSR project – “Digital Sakhi”- which focuses on women's empowerment and digital and financial inclusion. Under Right to Win, being in the ‘right businesses’ has helped the Company become one of the leading financiers in key Retail products. The Company is focused on creating a top-class, digitally enabled, Retail finance company as part of the Lakshya 2026 plan. The goal is to move the emphasis from product focus to customer focus and establish a robust Retail portfolio with quality assets, thus creating a Fintech@Scale while keeping ESG at the core. Fintech@Scale is one of the pillars of the Company’s strategic roadmap - Lakshya 2026. The Company has around 2.6 Crore customer database, which is being leveraged to cross-sell, up-sell, and identify new customers.

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In a major step towards accelerating infrastructural and employment growth in Jammu & Kashmir, JK Cement Ltd., one of the leading cement companies of India, announced the successful formalisation of its joint venture agreement with Saifco Cements Pvt. Ltd. of acquiring a 60% stake in the company. This landmark partnership establishes JKCement as the first major cement manufacturer to set up manufacturing operations in Srinagar, signalling a decisive step toward regional economic empowerment.

JK Cement Ltd. formalises Joint Venture with Saifco Cements Private Ltd.

This strategic acquisition marks JKCement's commitment to contributing to the government’s vision of robust infrastructure development and inclusive growth in the region of J&K. With this move, JKCement will not only enhance production capacity but also create significant local direct and indirect employment opportunities, thereby empowering the local communities in and around the region.

Speaking on this significant development, Dr. Raghavpat Singhania, Managing Director, JK Cement Ltd. Said, “We are pleased to welcome the Saifco Cements family into the JK Cement family. The Jammu & Kashmir market has untapped potential for local manufacturing, and with our combined expertise, we aim to transform the region and ensure benefits for the communities. We are deeply grateful to the Government of Jammu & Kashmir and the Hon’ble Lt. Governor for their unwavering support. Together with the Saifco Cement family, we are committed to driving sustainable growth, generating employment, and building a stronger, self-reliant infrastructure ecosystem in the region."

As part of the acquisition, JK Cement is committed to driving sustainable industrial practices in Jammu & Kashmir. The company will invest in eco-friendly manufacturing processes, aiming to reduce the carbon footprint of cement production. This formalisation will significantly strengthen JKCement's enduring commitment to community empowerment, building on five decades of impactful social practices to uplift and support their long-term vision.

Sharing his views on the acquisition, Mr. Madhavkrishna Singhania, Joint MD and CEO, JK Cement Ltd. Said, “With this acquisition, we are strategically positioned to build a robust presence in Jammu and Kashmir. This acquisition represents a significant milestone for us, solidifying our presence in Northern India and reaffirming our commitment to contributing to the nation's progress through sustainable and strategic investments. Through the course of the years we will implement some of our best sustainability practices in and around the plant. We also hope that this initiative will encourage further investments in the state and the region, contributing to its development.”

“Partnering with JKCement marks a significant milestone for Saifco Cements,” said Mr. Suhail Manzoor Guna, Director, Saifco Cements Pvt. Ltd. “This alliance reflects our shared vision of advancing infrastructure in Kashmir while creating meaningful opportunities for its people. JK Cement’s strong legacy and commitment to inclusive growth perfectly align with our belief in building a stronger, self-reliant Valley. We look forward to this collaboration unlocking new potential, enhancing operational scale, and paving the way for long-term progress in the region.”

The acquisition heralds a new era poised to capitalize on the immense potential of the Kashmir Valley. Saifco Cements brings to the partnership a well-established manufacturing unit at Khunmoh, Srinagar, equipped with clinker and grinding capacities, along with substantial captive limestone reserves.

Amplus Solar has been part of the Gentari group since 2023, contributing significantly to Gentari’s renewables portfolio. This integration further brings together Amplus Solar’s deep expertise in the C&I segment with Gentari’s broader utility-scale ambitions. By operating under a single brand, Gentari will be able to advance stronger alignment across teams and functions, positioning the group to deliver more cohesive and scalable clean energy solutions across both distributed and utility-scale segments.

“This rebrand represents more than just a name change - it marks the next phase of Gentari’s integrated strategy for India as one of our key markets. By bringing together our capabilities in C&I and utility-scale renewables under one roof, we are strengthening our foundation to deliver greater value to our customers. Under a united Gentari brand, we intend to take a more unified and impactful approach in accelerating energy transition in India,” said Sushil Purohit, Chief Executive Officer of Gentari.

Mr. Sharad Pungalia, Head of Gentari India

As part of this transition, Sharad Pungalia has been appointed as the Gentari Head of India. Sharad, who has been serving as the Chief Executive Officer of Amplus Solar, has been instrumental in scaling Amplus Solar, overseeing the growth of more than 2.4 GW of operational and under-construction distributed energy assets.

Amplus Solar rebrands to Gentari

With over 20 years of experience in India's energy sector, Sharad will now lead Gentari’s overall integrated operations in India, spanning its Renewable Energy, Hydrogen, and Green Mobility businesses, reinforcing the company’s commitment to supporting India’s clean energy transition and contributing to Gentari’s global aspirations.

"Sharad’s leadership at Amplus Solar has been instrumental in strengthening Gentari’s foothold in the renewables space. His depth of industry experience and track record in scaling clean energy solutions position him well to further propel our India operations forward. We are confident that under his leadership, we will continue to unlock significant value for our stakeholders," said Sushil Purohit, Chief Executive Officer of Gentari.

About Gentari

Gentari is focused on delivering the solutions required to put clean energy into action today, to transform how we live tomorrow. Gentari's three initial core pillars of Renewable Energy, Hydrogen and Green Mobility form a comprehensive portfolio of solutions to help consumers in their decarbonisation journey. Its mission is to be the leading next-generation Commercial and Industrial (C&I) and utility-scale renewable energy developer, a scale hydrogen producer and go-to industry partner, and to be Asia Pacific’s leading green mobility solutions partner. In the long term, Gentari aims to be the most valued clean energy solutions partner, creating greater impact, connecting businesses, and making the journey to a net zero future, possible.

(L - R) Bhuvaneswari J, Co-founder, Ilavarasan P, Founder & CEO, Mathiyazhagan P, IT Director of IBI Media

Founded in 2014, IBI Media Technologies Private Limited, which began as a bootstrapped venture has grown into a successful real estate technology company. The company focussed on enabling high-intent discovery journeys for home buyers while delivering strong Return on Investment for developers and channel partners. Its portfolio of city-specific real estate platforms which are optimised for web-search, serve thousands of users across South India.

Mr. Ilavarasan P, Founder & CEO, IBI Media said, “The RoofandFloor brand has a deep legacy coming not only from its nearly decade of operations as a Trusted Property Portal, but also as a brand created and nurtured by The Hindu group, with its 141+ year legacy in India. We're excited to lead it into a dynamic new chapter, powered by advanced technology, refreshed vision and our proven Go to Market Expertise. This move strengthens our national brand architecture while preserving our hyperlocal strategy in key cities. With this move, IBI Media is stepping confidently onto the national stage, committed to creating a richer, smarter, and more human-centric real estate experience across India.”

Mr. R Chandrasekaran, Chairman, KSL Digital Ventures, a unit of The Hindu group said, “We are pleased that the RoofandFloor brand, which we built with care and integrity, is now in the hands of a team that has showcased a deep understanding & experience in online real estate marketing. We wish IBI Media and Ila the very best as they take the brand into its next chapter.”

For more details, please visit www.roofandfloor.com.

Mr. Himanshu, Founder & CEO, Mother Sparsh

ITC to invest Rs 81 crore through combination of primary subscription and secondary share purchase. Post this, ITC’s total investment in Mother Sparsh will stand at around Rs 126 crore. 

Product Family

Operating in the premium baby care space, Mother Sparsh offers a wide range of Ayurvedic and natural products across personal care, health and hygiene, and expert baby care. Its digital-first approach, trusted brand image, and presence across its own D2C platform and leading e-commerce channels have contributed to its strong growth—achieving an annual revenue run rate of over Rs 110 crore

Mother Sparsh, an associate company of ITC since 2021, has established itself as a trusted name among Indian mothers for its natural and Ayurvedic baby care products. The company’s offerings span baby personal care, health and hygiene, and expert solutions, all rooted in traditional Indian knowledge and a strong digital-first approach. 

The acquisition is in line with ITC’s 'ITC Next' vision articulated by Chairman Mr. Sanjiv Puri, which focuses on crafting a future-ready portfolio, tapping into high-growth segments and digital-first businesses. 

Mr. Sameer Satpathy, Divisional Chief Executive, Personal Care Products Business Division, ITC Limited, said, said, “This acquisition is an exciting opportunity, aligned with our aspiration to build a formidable portfolio of future ready, best-in-class innovative offerings that delights Indian consumers. Mother Sparsh in a true spirit of entrepreneurship, has created a reputed brand with Indian ethos in the natural baby care space, powered by an assortment of innovative products and a robust digital ecosystem.”

Mr. Himanshu, Founder & CEO, Mother Sparsh, added, “We are delighted that ITC, who came on board as an early investor, is now taking Mother Sparsh to the next level. This partnership is a testament to the brand’s potential in the fast-growing natural baby care segment. We’re confident that ITC’s institutional strengths will help serve the evolving needs of Indian mothers for generations to come.”

The acquisition will be completed over a period of 2–3 years and Mother Sparsh team including Mr. Himanshu, Founder & CEO will continue to operate the business during this period.

With this transition, the company has been renamed Supreme Fostreon (Thailand) Company Limited, marking a significant step in the Group’s long-term vision for Thailand as a strategic base for regional innovation and manufacturing excellence.

Established in 2019, the company has rapidly evolved to become a trusted manufacturer of Interior Trims and NVH components for leading automotive OEMs. Operating from its modern facility in Rayong, the company has earned a reputation for quality, agility, and customer-centricity.

“Taking full ownership enables us to bring in Supreme Group’s global technologies, material innovations, and design capabilities to support the evolving needs of this region,” said Amit Kavrie, Managing Director, Supreme Group. “We believe Thailand is strategically positioned to become a significant innovation and manufacturing hub for our Group in the South East Asia region.”

As part of the transition, Supreme Fostreon will benefit from deeper integration into the Group’s global ecosystem of material science, design, and engineering. With a focus on light weighting, sustainability, and customer co-development, the company is well-positioned to contribute meaningfully to the next generation of mobility solutions.

Manoj Swain, Director – International Operations at Supreme Group, added, “With a strong foundation and a capable team, this transition allows us to better align with global customers, invest in scalable growth, and strengthen our regional partnerships. We look forward to engaging with our customers in the coming weeks to share our broader vision.”

Over the past few years, Supreme Group has played a hands-on role in leading the Thailand company’s strategy, execution, and customer engagement. The company’s leadership and operations will continue seamlessly, ensuring continuity, stability, and consistent service for customers and partners.

The company has also received several national recognitions over the past year that underscore its commitment to operations excellence. In late 2023, Supreme Fostreon achieved FORD Q1 Certification and was honoured with the Top Supplier Award by AAT, recognising its consistent delivery, product quality, and performance standards. In 2024, in its debut year of participation, the company received the Silver Award at the prestigious TPA Thailand 5S Awards, standing out among 18 national finalists. Additionally, Supreme Fostreon earned the Gold Level Award from Thailand’s Ministry of Labour for Excellence in Occupational Safety and Health, further affirming its best-in-class workplace practices and safety culture.

Looking ahead, Supreme Fostreon is entering a new phase of growth with significant investments in R&D, advanced material development, and product innovation. The company is also establishing a world-class Experience Centre in Thailand that will be designed to enhance customer collaboration, enable co-development initiatives, and showcase cutting-edge technologies from across the Group’s global network.

About Supreme Group

Supreme Group is a leader in advanced materials and engineered solutions, catering to the automotive and diverse industrial sectors. With global customers and a legacy of innovation spanning four decades, Supreme is committed to delivering high-performance, sustainable solutions that power the future of mobility and industry.

Follow us on LinkedIn to stay updated on our latest innovations, partnerships, and expansion plans: www.linkedin.com/company/supreme-group-company

RELSUS™, a Singapore-based innovator and manufacturer of functional plant-based ingredients, has inaugurated its state-of-the-art commercial manufacturing facility in Ujjain, India

As consumers and food manufacturers seek cleaner, functional, nutritious, and more sustainable protein sources, the demand for high-quality plant proteins continues to grow. These proteins offer a nutrient-rich, allergen-free alternative to animal-based sources while significantly reducing water consumption, land use, and greenhouse gas emissions—helping create a healthier planet.

At the core of RELSUS™’s innovation is its proprietary Ultra-Precise Filtration™ technology platform, which produces plant proteins with excellent purity, functionality, sensory, and nutritional profile all at the same time without the use of solvents or harsh chemicals.

This new facility is aimed at accelerating the transition to sustainable proteins by empowering food & beverage companies to delight their customers while meeting climate goals by lowering their total carbon footprint.

Strategic Partnership with Aminola® Netherlands

Strengthening its global presence, RELSUS™ has formed a strategic partnership with Aminola®, a Netherlands-based leader providing sustainable plant-based ingredients to its customers in a responsible and transparent manner. As part of this partnership, Aminola® has made a growth investment in RELSUS™ to scale up the UK, bringing these next-generation plant proteins and other functional ingredients to key markets.

“The inauguration Inc. of this facility is a major milestone in our mission to help drive the global transition to high-quality, clean, and functional plant proteins,” said Vineet Singhal, Founder & CEO of RELSUS™. “Our proprietary Ultra-Precise Filtration™ Technology Platform delivers products that have set new industry benchmarks for clean, functional, nutritious, and scalable plant proteins. Our strategic partnership with Aminola® is aimed at catalyzing speedier commercialisation in key markets and scale-up of our manufacturing capacities. A combination of great products and engaged partners will help more people live healthy lives on a healthier planet.”

Advancing Innovation in the European Market

Aminola® will distribute RELSUS™’s functional plant proteins and clean-label starches, derived from chickpea, mung bean, pea, and rapeseed, across Europe and the UK. With its strong market presence, Aminola® will introduce RELSUS™ Ultra-Precise Filtration™ powered ingredients, addressing the growing demand for clean-label, functional solutions with a neutral sensory profile.

“Our investment in RELSUS™ reflects our commitment to building a more sustainable food ecosystem,” said Dick van Beek, CEO of Aminola®. “As RELSUS™’s exclusive representative in Europe, we are excited to deliver high-quality plant-based solutions that align with evolving industry needs. The production in India aligns with our philosophy to process crops close to their origin. As the world’s largest producer of pulses, and with its vast infrastructure and research ecosystem around pulse cultivation, processing and logistics, India is a strategic hub for pulse ingredients. We are strongly aligned with the highly experienced RELSUS™ management and R&D team, who drive innovation in plant-based proteins. These world class ingredients address today’s key challenges on functionality and sensory profile. Our shared ambition is to build a fully integrated supply chain, which includes supporting farmers in adopting regenerative farming practices. This not only enhances product quality and sustainability but also improves farmer livelihoods. By positively impacting both ends of the supply chain - from farm to consumer - we create lasting value”.

About RELSUS™

RELSUS™ is a leading global innovator and manufacturer in functional plant-based ingredients, specializing in Functional Plant Proteins 3.0 and clean-label functional starches. Using its proprietary Ultra-Precise Filtration™ technology, RELSUS™ creates high-quality, sensory-optimized ingredients that deliver superior functionality while supporting a sustainable food future.

About Aminola®

Aminola® is dedicated to making sustainable, high-quality plant-based ingredients accessible across Europe. Through strategic partnerships with leading ingredient producers, Aminola® ensures manufacturers have reliable and transparent access to innovative, clean-label ingredients, accelerating the shift toward healthier, more sustainable food systems.

The Merge Briefing is a 90-minute executive seminar providing an update on current Tech M&A market trends – plus insights into running a successful M&A process. To register, visit corumgroup.com/events.

Presentation Highlights:

• Tech M&A Overview: Market Perspective

• 10 Disruptive Technology Trends Driving Deals

• Achieving an Optimal Outcome: 8 Required Stages of the M&A Process

• Avoiding Deal Disasters

• Q&A with senior M&A advisors
   

April 15 – Mumbai – JW Marriott Mumbai Sahar

April 17 – Bengaluru – Hyatt Centric MG Road

April 29 – Gurugram – Hilton Gurugram Baani City Centre
 

*Doors open at 9:30 AM. The presentation starts at 10:00 AM. Pre-registration is required.
 

About Corum Group
Corum Group is the global leader in merger and acquisition services, specializing in serving sellers of software and related technology companies worldwide. With offices globally, Corum has completed over 500 software M&A transactions in nearly 40 years. Corum's M&A advisors are highly experienced former tech CEOs, supported by industry-leading researchers, writers and valuators.

For more information, visit corumgroup.com.

SAR Televenture acquires Tikona Infinet

This acquisition marks a strategic milestone for SAR Televenture as it gains a strong foothold in the enterprise broadband segment leading to it becoming 3^rd largest player in the enterprise Broadband segment.

Tikona possesses all India Unified License (ISP, Category-A) and National Long Distance (NLD) license . Tikona offers a wide range of telecom services, including Broadband, Lease Line ,Virtual private networks (VPNs)and other value-added services.

Tikona has marquee customer base across diverse industries with presence in Top 25+ cities positioned for high growth in enterprise connectivity, managed services etc. With the acquisition, SAR Televenture strengthens its capabilities to provide seamless, high-speed connectivity solutions across the country. The integration of Tikona’s expertise in enterprise data services aligns perfectly with SAR Televenture’s vision for sustained growth and excellence.

Commenting on the acquisition, Mr Rahul Sahdev, Managing Director, SAR Televenture, said, "We are delighted to welcome the Tikona Infinet family to SAR Televenture. This acquisition allows us to expand our service portfolio and provide customers with a wider range of services, including high-speed broadband, fibre-optic connectivity, and advanced 4G and 5G network solutions. By leveraging our combined expertise, we aim to redefine connectivity standards and deliver innovative services to businesses and individuals across India.”

With this transaction, SAR Televenture cements its position as an integrated telecom services provider, offering a comprehensive portfolio of solutions, including commissioning of 4G / 5G Towers, Fiber to the Home (FTTH) services, Optical Fibre Cable (OFC), Enterprise Network solutions and Retail Broadband services.

About SAR Televenture Limited

SAR Televenture Limited is a leading network infrastructure company listed on the SME platform of NSE. The company specializes in providing end-to-end telecom solutions, including Internet Service Provider (ISP) services, Infrastructure Provider (IP1) services, broadband, and enterprise connectivity solutions.

With a strong focus on innovation and customer-centric services, SAR Televenture is committed to enhancing digital infrastructure and expanding connectivity across India. The company's expertise spans high-speed internet, fibre-optic networks, and enterprise-grade solutions, catering to a diverse clientele across industries such as banking, IT, healthcare, and retail.

ArcelorMittal Nippon Steel India (AM/NS India) today announced the beginning of the acquisition of a land parcel in Anakapalli district, Andhra Pradesh, as part of its plans to set up a state-of-the-art integrated steel plant in Rajayapeta. The initial payment for acquiring the land has been made, and possession is expected soon, paving the way for the company to commence work on the greenfield project.

With proposed initial capacity of 7.3 MTPA, the project reinforces AM/NS India’s commitment to contributing to India’s national ambition to reach 300 MTPA crude steel capacity by 2030 and strengthening domestic manufacturing in line with the ‘Atmanirbhar Bharat’ initiative.

Hon'ble Chief Minister of Andhra Pradesh Shri N. Chandrababu Naidu, said, "We welcome ArcelorMittal Nippon Steel India to Andhra Pradesh and are committed to providing all requisite support to ensure its success. This mega steel plant will not only create substantial employment opportunities but also foster socio-economic development for the communities and beyond. This project aligns with our vision of transforming Andhra Pradesh into a leading industrial hub.”

Mr. Lakshmi Mittal, Executive Chairman, ArcelorMittal, said: “This investment in Andhra Pradesh deepens and broadens our presence in Indian steelmaking and takes us all closer to Viksit Bharat. This is a proud moment for all at AM/NS India, and Andhra Pradesh; together we hope to make a meaningful addition to India's growing stature as a pre-eminent force in global manufacturing.”

Mr. Aditya Mittal, Chairman, ArcelorMittal Nippon Steel India and CEO, ArcelorMittal, said, “Our investment today is the first step in an exciting plan to build a world-class steel plant in Andhra Pradesh that strengthens our contribution to India’s long-term steel manufacturing ambitions. We thank the Government of Andhra Pradesh for its steadfast leadership and shared commitment to a project that will create jobs and sustainable economic and societal value for local communities, the state and India.”

Chairman of the task force for generating 20 Lakh jobs in AP & Hon’ble Minister of IT & HRD Shri Nara Lokesh welcomed the move and reiterated commitment of Government of Andhra Pradesh to speed of doing business and facilitating AM/NS’s entry into the state of Andhra Pradesh.

Mr. Takahiro Mori, Representative Director, Vice Chairman and Executive Vice President, Nippon Steel and Member, Board of Directors, ArcelorMittal Nippon Steel India, said, “AM/NS India’s proposed plant in Andhra Pradesh illustrates our unstinting ambition to grow Indian steelmaking capacity to support the country’s development. We are grateful to the Government of Andhra Pradesh for its support and commit ourselves to realising this project in a responsible way that strengthens the local economy and elevates India as a significant global steel manufacturing hub.”

AM/NS India is continuously pursuing growth opportunities nationwide, deepening its footprint and driving infrastructure development for the country. Its expansion to 15 MTPA from the current 9 MTPA at its flagship plant in Hazira, Gujarat, is progressing well. In Odisha where the company already has a significant presence, plans are underway to set up an integrated steel plant.

About Arcelormittal Nippon Steel India (AM/NS India)

ArcelorMittal Nippon Steel India (AM/NS India) is a joint venture between ArcelorMittal and Nippon Steel, two of the world’s leading steel manufacturing organisations. A leading integrated flat carbon steel producer in India, the company has a crude steel capacity of 9 million tonnes per annum with state-of-the-art downstream facilities. It produces a fully diversified range of flat steel products, including value-added steel, and has a pellet capacity of 20 million tonnes.

Mana Projects: Celebrating 25 Years Of Living 

The move is made when demand for homes in Sarjapur Road has witnessed a sudden surge, driven by quick development of infrastructure and its prime position linking important areas of Bengaluru. With convenient proximity to IT hotspots like Whitefield, Electronic City, and Outer Ring Road, and with international schools, shopping malls, health centers, and recreational areas within reach, Sarjapur Road remains one of Bangalore's most sought-after real estate hotspots.

Construction of Phase 3 of Namma Metro, extending connectivity to Sarjapur, will greatly enhance travel times and access, raising the value of the area even more. Further, the proposed Peripheral Ring Road (PRR), linking Tumkur Road with Hosur Road through Sarjapur, will ease traffic and enhance realty investments. These developments complement MANA Projects' vision of developing integrated residential communities that provide for contemporary urban living while providing sustainability and long-term value.

Investor-wise, Sarjapur Road is still among Bangalore's highest-growing micro-markets, as property prices here have been steadily appreciating from high demand generated by professionals working in the proximity of IT corridors. The demand for rentals within the area makes it all the more attractive for investors looking to reap high yields and long-term appreciation.

Besides economic advantage, Sarjapur Road is also a quiet and harmonious place to live. In contrast to the crowdedness of Central Bengaluru, this area is famous for having large green parks, well-organized layouts, and a calm atmosphere, providing a perfect choice for families and working professionals in search of an ideal mix of urban comfort and nature's tranquility.

This strategic acquisition of land reinforces MANA Projects' vision of bringing quality residential projects that cater to the changing demands of homebuyers in the long term. With an impressive history of groundbreaking design, sustainable planning, and high-end amenities, MANA continues to raise new standards in Bangalore's real estate landscape.

As it extends its presence in Sarjapur Road, homebuyers can look forward to a well-planned community that provides contemporary living spaces, eco-friendly infrastructure, and a lifestyle experience that is unmatched. This initiative also goes in tandem with MANA's vision to develop future-ready projects that bring about a superior way of living, working, and connecting with the environment.

Mr. Kishore Reddy, CMD of MANA Projects, stated, “The acquisition is a part of our broader expansion plan that aims to build quality residences for customers who settle for nothing but the best. It strengthens our ability to offer homes that blend craftsmanship, functionality, and aesthetics, fulfilling the evolving needs of modern buyers. We are excited about the potential this location has to offer, allowing us to ensure that every phase of the project—from design to construction to delivery—is executed with precision and ingenuity. We’re constantly thinking ahead, and this project will push the boundaries of what residential spaces can be, offering a living experience that is truly ahead of time.”

While details of the plan are yet to be revealed, one can expect the project to be thoughtfully designed residential spaces featuring lush greenery, premium amenities, modern architecture and more as reflected in previous projects like MANA Dale and MANA Verdant. MANA's portfolio features successful developments such as Mana Jardin Neo, Mana Foresta, and Mana Tropicale in the Sarjapur region, serving as a reminder of the company's expertise within this rapidly growing corridor.

About MANA

Completing 25 years of excellence, MANA Projects has emerged as one of Bengaluru's most reliable and innovative real estate developers. Established in 2000 by Mr. D. Kishore Reddy, MANA has delivered more than 30 projects and handed over 10 million+ sq. ft. of well-planned spaces, redefining urban landscapes with luxury apartments, villas, and integrated townships in Sarjapur and other areas. With a legacy established on innovation, engineering prowess, and functional design, MANA has perfected the art of 'Imagineering'—a combination of imagination and engineering—to create living environments that redefine lifestyle and comfort. As a property development, construction, and infrastructure leader, MANA continues to prioritize quality, sustainability, and future-proof communities, establishing new standards in the industry.

Avas Living Villa in Alibaug

Alibaug has long been a premier retreat for industrialists, celebrities, and business leaders, and with major infrastructure developments like the Mumbai Trans Harbour Link (MTHL) and the Rewas-Karanja Bridge, the region is now more accessible than ever. These advancements are set to significantly cut travel time from Mumbai, making Alibaug an even more attractive destination for luxury real estate investments.

Avas Living, founded by Aditya Kilachand, has set a new benchmark in this space, offering turnkey villas that prioritize mindful living, cutting-edge wellness technologies and state-of-the-art design. Speaking about the decision to invest, the buyer shared, “I was looking for a home that goes beyond just luxury—it had to offer a lifestyle rooted in wellness, tranquility, and a sense of community. Avas Living checked all the right boxes, with its thoughtful design, seamless experience, and access to a like-minded network of individuals who value both privacy and well-being. It’s a place where I can truly disconnect from the city and recharge.”

The newly acquired villa is part of Avas Living’s exclusive gated community, renowned for its seamless blend of opulence and well-being. Residents will enjoy access to the world-class Avas Wellness Center, curated wellness experiences, and a vibrant community, along with the upcoming Avas Racquet Club—an elite destination for sports, fitness, and leisure.

This latest acquisition further reinforces the growing trend of luxury real estate investments in Alibaug, driven by enhanced connectivity and the region’s evolving status as a hub for ultra-premium living. With its focus on sustainability, design excellence, and a holistic lifestyle, Avas Living continues to redefine what it means to own a luxury home in India.

EDF Hosts Strategic Workshops and Launches Whitepaper on India’s PSP Market at ELECRAMA 2025

The Introductory Session on India’s Path to Sustainable Energy was graced by the esteemed presence of Mr. Luc Remont, Chairman & CEO, EDF, and Mr. Mohammad Afzal, Joint Secretary, Ministry of Power, Government of India, alongside senior industry leaders and policymakers. The session brought together key stakeholders to discuss collaborative opportunities for advancing India’s clean energy ambitions. Notable attendees included Mr. Debasish Nanda, Director - Business Development, CIL; Mr. TSC Bosh, CEO, REC PDCL; Dr. Manoj Kr. Jhawar, CMD (Addl Charge) & Director Commercial & Operations, PTC; Mr. Goutam Deb, RED Hydro & ED Projects, NTPC; and Mr. Mikel Klasson, Partner & Vice Chairman, Actis, along with senior government officials and CEOs from across the energy sector.

A major highlight of the event was the launch of EDF’s Whitepaper – Unlocking India’s PSP Market: Global Perspectives and Pathways, offering in-depth insights into the opportunities and challenges in India’s PSP sector. The whitepaper outlines global best practices and key policy recommendations to accelerate sustainable growth in the industry.

Reinforcing its commitment to India’s energy transition, EDF announced strategic partnerships with NTPC Limited, Coal India Limited, and Actis. These collaborations aim to advance smart metering solutions, hydropower projects, and renewable energy developments, aligning with EDF’s long-term vision for sustainable innovation in India’s power sector.

About EDF
The EDF Group is a key player in the energy transition, as an integrated energy operator engaged in all aspects of the energy business: power generation, distribution, trading, energy sales and energy services. The Group is a world leader in low-carbon energy, with a low carbon output of 490TWh (1), and a diverse generation mix based mainly on nuclear and renewable energy (including hydropower). It is also investing in new technologies to support the energy transition. EDF’s raison d’être is to build a net zero energy future with electricity and innovative solutions and services, to help save the planet and drive well-being and economic development. The Group supplies energy and services to approximately 41.5 million customers (2) and generated consolidated sales of €118.7 bn in 2024. 

(1) See EDF’s 2023 URD sections 1.2.3, 1.3.2 and 3.1 
(2) The customer portfolio consists of electricity, gas and recurring services contracts.

Dancy Labs Private Limited

Announcing the investment of USD 120 Million Dr Ashok Tiwari Managing Director of the unlisted pharma company Dansy Labs Pvt Limited said, " We are thrilled to share that the Board of Directors and Management have endorsed this pivotal proposal in our recent Special General Meeting. This strategic investment will open up significant opportunities in key markets across Sweden. With the capital raised from investors and NBFCs, we are poised to seize this deal and realize its full potential. The asset buyout & Patents is a critical component of Dansy Labs' broader strategy to expand its global footprint. The acquired assets include state-of-the-art research facilities and cutting-edge technologies that will be integrated into Dansy Labs' existing operations. This expansion is set to accelerate the development of novel pharmaceutical solutions and solidify the company's position as a leader in the industry. With the acquisition, Dansy Labs aims to bolster its innovative capabilities and enhance its competitive edge. The new assets will provide the company with advanced manufacturing capabilities and resources to drive pioneering research in various therapeutic areas. This strategic move is expected to lead to a surge in patent filings and the development of breakthrough treatments that address unmet medical needs."

Mr Chandrakant Patil Executive Director of Dansy Labs Pvt Limited said, "This strategic asset buyout is a transformative step for Dansy Labs. It reflects our unwavering commitment to advancing research and innovation in the pharmaceutical industry. By integrating these world-class assets, we are poised to accelerate the development of cutting-edge therapies and expand our global reach. Dansy Labs has long been recognized for its commitment to quality and excellence in the pharmaceutical industry. The company's robust portfolio of active pharmaceutical ingredients (APIs) and intermediates has garnered acclaim for its superior quality and efficacy. The latest acquisition underscores Dansy Labs' dedication to maintaining high standards and delivering innovative solutions that improve patient outcomes. The asset buyout is expected to have a profound impact on Dansy Labs' research and development efforts. The company is set to leverage the newly acquired assets to explore novel therapeutic avenues and develop treatments that address critical health challenges. As Dansy Labs continues to push the boundaries of innovation, it remains dedicated to improving the quality of life for patients worldwide. The investment aligns with Dansy Labs' mission to enhance its global footprint and strengthen its position in the pharmaceutical and healthcare sectors. By integrating these new assets, the company aims to accelerate its development of cutting-edge solutions and maintain its competitive edge in the industry."

Dansy Labs Private Limited, headquartered in Mumbai, India, is a leading player in the pharmaceutical industry. The company specializes in the import and export of active pharmaceutical ingredients (APIs) and intermediates. With a strong focus on research and innovation, Dansy Labs is committed to delivering high-quality solutions that meet the evolving needs of the global healthcare market.

About Dansy Labs
Dansy Labs is a leading global pharmaceutical company dedicated to transforming industries through innovation and excellence. With a diverse portfolio of cutting-edge products and solutions in Pharmaceutical API’s, Dansy Labs is committed to driving progress and shaping the future of technology. Dansy Labs has a significant presence in pharmaceutical Active Pharmaceutical Ingredient (API) research, particularly focused on developing innovative and sustainable methods for producing high- quality APIs, often leveraging its expertise in biotechnology, chemistry, and advanced manufacturing technologies; key areas of focus include developing new APIs for complex diseases. Dansy Labs Pvt Ltd, based in Mumbai—the commercial capital of India—stands as a beacon of pharmaceutical research and innovation. Founded with the mission to transform the pharmaceutical landscape, Dansy Labs has carved a significant niche for itself in the realm of Active Pharmaceutical Ingredient (API) research.

As one of the pioneering API manufacturing and marketing facilities in the world, Dansy Labs Pvt Ltd continues to push the boundaries of what’s possible in pharmaceutical research. The company’s vision is to harness the power of technology and innovation to improve lives and create a sustainable future. By focusing on cutting-edge research and customer-centric development, Dansy Labs is poised to remain at the forefront of pharmaceutical advancements for years to come.

Dansy labs Private limited
OFFICE NO 53-54, Kalpataru Complex,CG Rd, Chembur, Mumbai, Maharashtra 400074
www.dansylab.com.
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Bajaj Consumer Care acquires Vishal Personal Care Pvt Ltd popular in South for Natural Products under Brand Name Banjara's

Under the terms of the agreement, Bajaj Consumer Care will acquire a 100% stake in the company in a two-phase transaction, starting with an initial 49% stake, followed by the remaining 51% in the second tranche. The estimated transaction value stands at INR 120 crore, with an enterprise value of approximately INR 108.3 crore.

Banjara’s, founded in 1991 under Vishal Personal Care Pvt. Ltd. in Hyderabad, has built a strong reputation for its high-quality, natural, and effective hair and skin care solutions. With a well-diversified product portfolio including facial kits, herbal powders, aloe vera gels, shampoos, and hair care powders, the brand caters to a growing segment of consumers seeking safe and natural beauty solutions which largely aligns with the values of Bajaj Consumer Care. Vishal Personal Care Pvt. Ltd. products boast an extensive retail presence, reaching over 70,000 outlets across the five South Indian markets through cosmetics stores, supermarkets, pharmacies, and grocery chains.

Strategic Rationale and Synergies

Enhanced Market Reach:

• With the acquisition of Vishal Personal Care Pvt Ltd, Bajaj Consumer Care(BCCL) will be leveraging Vishal’s extensive distribution network to deepen their penetration in South India.

• BCCL will also introduce brand Banjara’s products in its stronghold Hindi-speaking markets (HSM), effectively doubling its reach in both the regions.

Brand Alignment: Both Vishal Personal Care and Bajaj Consumer Care share a strong heritage rooted in Indian tradition, reinforcing consumer trust and credibility.

Financial Strength: Vishal Personal Care along with its brand Banjara’s has demonstrated a robust financial track record with a four-year CAGR of 14% and an annual revenue exceeding INR 50 crore. The company maintains high single-digit EBITDA margins and operates debt-free with positive cash flow.

Growth in Organized Trade & International Markets: Bajaj Consumer Care with the wide range of products, will scale up its presence in modern trade and export markets, capitalizing on the global trend toward natural personal care solutions.

Speaking on the acquisition, Mr. Jaideep Nandi, Managing Director of Bajaj Consumer Care, said, “Acquisition of Vishal Personal Care Pvt. Ltd. is a strategic step in strengthening Bajaj Consumer Care's footprint in the five southern markets. The addition of Banjara’s to our portfolio enhances our ability to serve the evolving consumers across India, while also complementing our product range for further expansion."

This acquisition underscores Bajaj Consumer Care’s commitment to innovation, quality, and expansion, reinforcing its leadership in the fast-growing personal care market.

About Bajaj Consumer Care Bajaj Consumer Care Ltd. (BCCL), is a leading FMCG company under the $2.5 billion conglomerate Bajaj Group, led by Chairman Kushagra Bajaj with interests in sugar, ethanol, power and consumer care businesses. Bajaj Consumer Care specializes in personal care products. With a legacy of trust and excellence, BCCL continues to expand its footprint in domestic and global markets with innovative, consumer-centric offerings.

About Banjara’s - Vishal Personal Care Pvt. Ltd.

VPCPL’s Banjara’s is a renowned personal care brand specializing in natural and Ayurvedic hair and skin care products. With a presence across multiple channels and a strong consumer base, Banjara’s has been at the forefront of delivering high-quality, effective beauty solutions since its inception.

For more, click: www.bajajconsumercare.com. 

Jubilant Biosys Innovative Research Services Pte. Limited, Singapore (JBIRSPL), a subsidiary of Jubilant Biosys Limited, a wholly owned subsidiary of Jubilant Pharmova Limited, has executed the transaction definitive agreements with Pierre Fabre SA, and its affiliate entities (“PF”), for JBIRSPL to acquire 80% equity capital in JASMIN (new company incorporated by PF in France, as a Societe par Actions Simplifiee (SAS)), with remaining 20% retained by PF.

 R&D center at Saint-Julien-en-Genevois, France

At closing of the transaction, JASMIN shall acquire Pierre Fabre’s R&D Centre (including R&D Site and R&D activities) at Saint-Julien-en-Genevois, France, and JBIRSPL would also execute a Shareholders’ Agreement and other transition agreements with PF.

Strategic Rationale
This strategic agreement will enable Jubilant Biosys Limited to expand its footprint in Europe in areas like Biologics (mAbs) and Antibody Drug Conjugate (ADC), in addition to its existing services including integrated drug discovery services from India

• Expands Jubilant’s addressable market in the fast-growing (20%+ CAGR) ADC/XDC segment: Expands Jubilant’s addressable market in ADC CDMO to ~$1.4 Bn. Next gen XDCs pipeline is also growing rapidly

• Enhances Jubilant Biosys Limited’s domain expertise in ADC with expanded chemistry capabilities: Complements Jubilant Biosys Limited’s payload expertise with payload-linker synthesis, bioconjugation and analytical services

• PF team have deep ADC/XDC expertise: Core team with decades of ADC experience, with history of successfully delivering several clinical candidates

• Provides strategic footprint in EU: An opportunity to significantly expand our customer connections with large pharmaceutical companies due to proximity to EU/US markets, which have a preference for local CRO interactions

• Brings together a complementary innovator customer base: The collaboration will help create significant cross-selling potential to customer bases across small-to-mid biotech and large innovator pharma

• Unique & cost-effective delivery model: Integrating the scientific expertise in Biologics at the Saint-Julien-en- Genevois site with that of small molecules at Jubilant will provide a unique & cost-effective delivery model to EU & US Companies.

Speaking on the announcement, Giuliano Perfetti, CEO & Managing Director, Jubilant Biosys Limited said, “We are thrilled to have reached this strategic agreement with Pierre Fabre. Our R&D site in Saint-Julien-en-Genevois will serve as a Center of Excellence for biologics and ADCs, located at the heart of Europe. This expansion strengthens our presence and fosters collaboration with both biotech and large pharma companies in Europe and the USA. By combining the scientific expertise in biologics and ADCs at Saint-Julien-en-Genevois with the capabilities of 1,200 scientists in India we establish a comprehensive service offering for accelerated delivery of early chemistry, discovery biology, DMPK, integrated drug discovery and CDMO for intermediates and APIs. With this strategic move, Jubilant Biosys Limited advances its "CRDMO Partner in Science" strategy and reinforces its commitment to delivering innovative solutions to global pharmaceutical customers.”

About Jubilant Biosys Limited
Jubilant Biosys Limited provides drug discovery and contract development and manufacturing services to global pharmaceutical and biotech companies. The service offering includes drug discovery services, mg to Kilo, non-GMP and GMP scale up of novel compounds, intermediates and NCEs. The business operates from Bengaluru, Noida and Greater Noida in India, offering integrated and functional drug discovery and development services to global innovators. Jubilant Biosys Limited has demonstrated expertise in functional services in chemistry including computational, medicinal/ synthetic chemistry, PR&D and GMP scale-up capabilities up to phase II. Services in biology include structural biology, in-vitro biology, DMPK, in-vivo pharmacology and Toxicology. Further, Jubilant Biosys Limited has integrated discovery expertise with a track record of working on over 85 programs in multiple therapeutic areas including but not limited to Oncology, Metabolic Disorders, Pain & Inflammation, CNS and expanding into Rare Diseases.

About Jubilant Pharmova Limited
Jubilant Pharmova Limited (formerly Jubilant Life Sciences Limited) is a company with global presence that is involved in Radiopharma, Allergy Immunotherapy, CDMO Sterile Injectables, Contract Research Development and Manufacturing Organisation (CRDMO), Generics and Proprietary Novel Drugs businesses. In the Radiopharma business, the Company is involved in manufacturing and supply of Radiopharmaceuticals with a network of 46 radiopharmacies in the US. The Company’s Allergy Immunotherapy business is involved in the manufacturing and supply of allergic extracts and venom products in the US and in some other markets such as Canada, Europe and Australia. Jubilant through its CDMO Sterile Injectable business offers manufacturing services including sterile fill and finish injectable (both liquid and lyophilization), full-service ophthalmic offer (liquids, ointments & creams) and ampoules. The CRDMO business of the Company includes the Drug Discovery Services business that provides contract research and development services through two world class research centers in Bengaluru and Noida in India and the CDMO-API business that is involved in the manufacturing of Active Pharmaceutical Ingredients. Jubilant Therapeutics is involved in Proprietary Novel Drugs business and is an innovative biopharmaceutical company developing breakthrough therapies in the area of oncology and auto-immune disorders. The Company operates multiple manufacturing facilities that cater to all the regulated market including USA, Europe and other geographies. Jubilant Pharmova Limited has a team of around 5,500 multicultural people across the globe. The Company is well recognized as a ‘Partner of Choice’ by leading pharmaceuticals companies globally.

Brief about Pierre Fabre
Laboratoires Pierre Fabre, established in 1961 by pharmacist Pierre Fabre, is a leading French multinational company headquartered in Castres, France. Specializing in pharmaceuticals and dermo-cosmetics, the company has grown to employ over 10,000 people worldwide. In 2023, the company reported revenues exceeding €2.8 billion, with 70% of sales generated internationally. Renowned for its innovation in oncology and dermatology, Pierre Fabre has become a significant global player in the healthcare and beauty industries.

The Research Centre in Saint-Julien-en-Genevois was founded by Pierre Fabre in January 1990. It specializes in immuno-oncology, with a focus on immunomodulatory macrophage biomedicines. Over the years, it has also developed a strong expertise in biological drugs, naked antibodies, and antibody-drug conjugates (ADCs). Located near Geneva and immerged in a particularly buoyant pharmaceutical innovation ecosystem on both sides of the border, the site enjoys state-of-the-art expertise and equipment and is pursuing several research projects on the reactivation of macrophage activity in case of cancer inhibition.

Disclaimer
Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential product characteristics and uses, product sales potential and target dates for product launch are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. Jubilant Pharmova Limited may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the regulatory bodies and its reports to shareholders. The company assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors.

‘Saint-Julien-en-Genevois’ refers to - “Saint-Julien-en-Genevois at the France/Switzerland border”

JK Cement Ltd. marks its presence in Jammu & Kashmir - enters into a Joint Venture Agreement with Saifco Cements Private Limited

This acquisition marks a strategic step in expanding JK Cement’s presence in one of the fastest growing regions of the country and furthering its footprint in Northern India.

Saifco Cements brings strong manufacturing capabilities and an impressive presence in Jammu & Kashmir market, which will scale up to meet the business plan objectives for JK Cement over the next few years. This move aligns with the government’s focus on boosting infrastructural growth in Jammu and Kashmir region, accelerating the development journey.

Expressing his delight, Dr. Raghavpat Singhania, Managing Director, JK Cement Ltd. said, “Known for its rich culture and resilience, Jammu & Kashmir brings a special meaning to us, this acquisition is a significant step forward in accelerating JK Cement’s growth journey. We are committed to ensuring a seamless and successful integration of our businesses, bringing together our combined expertise and experience. The state of J&K not only holds strategic importance but also has immense potential for infrastructural development and partnering with Saifco Cements is a step towards solid cementing goal to manufacture the best for our customers and nation.”

Saifco’s integrated manufacturing unit at Khunmoh in Srinagar is spread across 54 acres of land and has a clinker capacity of 0.26MTPA and grinding capacity of 0.42MTPA. It has captive limestone reserves spread on an area of 144.25 hectares with a total minable reserve of 129MnT.

Sharing his views on the acquisition, Mr. Madhavkrishna Singhania, Joint MD and CEO, JK Cement Ltd. said, “With this acquisition, we are strategically positioned to build a robust presence in Jammu and Kashmir. The location and rich limestone reserves of Saifco offer a unique opportunity to significantly increase our overall capacity. Currently, per capita cement consumption in Kashmir stands at approximately 168 kilograms, nearly 55% of the national average, presenting a vast growth potential. Cement demand typically leads economic expansion by a factor of 1.2X in regions with significant infrastructural development opportunities, and Kashmir is undoubtedly one of these regions. This acquisition opens up limitless possibilities to drive growth and foster progress in the region.”

The government is committed to Jammu and Kashmir's progress and has undertaken multiple projects and initiatives for the states’ growth and infrastructural development. The acquisition will involve both the companies working together to increase the capacity of the cement production by leveraging the expanse of the limestone reserves in the next 5 years.

Mr. Manzoor Ahmad Guna, Chairman, Saifco Cements Pvt. Ltd. said, “We are very happy to join hands with JK Cement who are deeply committed towards nation’s growth, people, and communities. We are excited about the opportunity to work together to scale our operations and establish ourselves as the leading cement players in the Kashmir Valley. At Saifco, we take pride in our endeavour towards bringing the country’s leading business houses to the valley and contribute to its growth and development through such strategic alliances. We are confident that this partnership will empower us with the expertise and resources needed to drive continued success.” 

The acquisition is subject to regulatory approvals and conditions.

About JK Cement Ltd.
JK Cement Ltd. is among India’s top manufacturers of Grey and White Cement and home-building solutions globally. For over five decades, JKCement has contributed to India’s infrastructure through product quality, customer focus, and technology leadership, beginning with its flagship grey cement unit in Nimbahera, Rajasthan, in May 1975.

The Company’s Grey Cement capacity is 24.2 MTPA, making it a leading manufacturer with a strong presence across 15 states, especially in Rajasthan, Uttar Pradesh, and Madhya Pradesh. With a total White Cement and Wall Putty Capacity of 3.05 MTPA, JK White Cement is sold in 36 countries around the globe. The Company has a strong international presence with two subsidiaries, JK Cement Works Fujairah FZC and JK White Cement (Africa) Ltd.

In 2023, JKCement launched JKMaxx Paints, offering wall, wood, and metal finishes. In the same year, JKCement expanded into construction chemicals with JK Profix, a waterproofing line, and also entered the Ready-Mix Concrete segment with JK Super Concrete, serving Delhi NCR and set for nationwide growth.

Minaxi Indra, Managing Director, Edenred India

Commenting on her appointment, Minaxi Indra, Managing Director, Edenred India said, “I feel energized to join the team at this pivotal juncture of our India journey. Edenred’s commitment to innovation and creating meaningful connections across employees, partners, and customers resonates deeply with me. As a business, we are leaning into the massive growth opportunity in front of us by focusing on our product fitment, market partnerships and people progressions.”

Over the past few years, Edenred has witnessed robust revenue growth, going from €1.62B in 2021 to €2.5B in 2023. Edenred connects over 60 million users and more than 2 million partner merchants via close to 1 million corporate clients in 45 countries. In India, Edenred collaborates with a robust network of 400+ brand partners on the supply side, delivering a wide array of choices for its users. On the demand side, the company has some of the largest corporates like Airtel, HDFC Bank, ICICI Bank, Bharat Petroleum in India as its customers.

As a trusted partner for businesses across the country, Edenred has established itself as a leader in the rewards and loyalty space, offering innovative solutions across Employee Rewards, Partner Rewards & Customer Rewards. With enhanced support from its global headquarters, Edenred India is poised to double down on its growth plans in India. The company is actively exploring both organic and inorganic growth levers to expand its footprint and capabilities.

Minaxi added, “On the inorganic front, Edenred is evaluating strategic partnerships, mergers and acquisitions within the larger fintech ecosystem that bring us closer to our customers and are complementary to our core rewards product offerings.”

About Edenred

Edenred is a leading digital platform for services and payments, connecting over 60 million users and more than 2 million partner merchants in 45 countries through nearly 1 million corporate clients. The company’s specific-purpose payment solutions span food (such as meal benefits), engagement (such as gift cards and engagement platforms), mobility (such as multi-energy solutions, including EV charging and maintenance), and corporate payments (such as virtual cards). Edenred is listed on the Euronext Paris stock exchange and included in the following indices: CAC 40, CAC 40 ESG, CAC Large 60, Euronext 100, Euronext Tech Leaders, FTSE4Good and MSCI Europe. Edenred’s purpose, “Enrich connections. For good,” reflects its commitment to enhancing well-being, purchasing power, and efficiency while driving vitality in the employment market and local economies. In India, Edenred has been a trusted partner for nearly 25 years, delivering innovative rewards and loyalty solutions that empower businesses to enhance employee engagement, strengthen sales channel relationships, and drive customer loyalty. With a strong focus on innovation and customer-centricity, Edenred India is well-positioned to lead the next phase of growth in the rewards and fintech space.

The acquisition combines Meru Accounting's specialized expertise in Bookkeeping, Accounting and Tax services with Confiance's comprehensive service portfolio, creating a stronger, more versatile organization. This integration will provide clients of both firms access to enhanced capabilities and a broader range of services.

"This acquisition represents a significant step in our growth strategy," said Raj Shah, CEO at Confiance. "Meru Accounting's excellent reputation, complementary service offerings, and presence in key markets make them an ideal partner. Together, we'll provide enhanced value to our clients while creating new opportunities for our combined team."

The integration will be implemented through a carefully planned process, ensuring continuity of service for all clients. The combined organization will maintain its commitment to excellence while leveraging the strengths of both firms.

About Confiance

Confiance is a global leader in delivering comprehensive business process outsourcing and accounting solutions. With over 1,000 employees, the company serves a diverse range of industries. Headquartered in Ahmedabad, India, Confiance has a strong presence in multiple global markets, catering to both SMEs and large enterprises. Known for its commitment to transparency, customer satisfaction, and cutting-edge solutions, Confiance is dedicated to empowering businesses to achieve sustained growth and operational excellence.

Anu Prasad, Founder and CEO, ILSS; Amit Chandra, Co-founder, A.T.E. Chandra Foundation; Willeke van Rijn, CEO, The Resource Alliance

IFRC 2025 promises a rich and diverse platform featuring renowned international experts, and pioneering social sector leaders. Through engaging panel discussions, interactive workshops, and thought-provoking presentations, the conference will address critical issues, shaping the future of fundraising. Attendees can expect to gain insights into global fundraising and future-facing trends, and tools such as the social stock exchange, or the rise of generative AI in fundraising, exploring its potential and ethical considerations in donor engagement, campaign planning, and resource mobilisation. Furthermore, the conference will delve into the crucial aspect of building sustainable funding models, addressing long-term sustainability challenges, and exploring innovative approaches to diversified funding, including impact investing and blended finance. Overall, the conference will facilitate a global perspective on the art and science of fundraising, provide an opportunity to learn from international experts and network with a vibrant international fundraising community.

Anu Prasad, Founder and CEO of ILSS, says, "IFRC 2025 will be a pivotal gathering for the Indian social sector. We are excited to explore the future of fundraising, equip leaders with the knowledge and tools they need to thrive and foster a vibrant and collaborative ecosystem for social impact."

Recognising the power of storytelling and digital engagement in today's world, IFRC 2025 will dedicate sessions to leveraging the power of digital platforms and compelling narratives to build meaningful connections with donors and drive impactful campaigns. The conference will also create a platform for dialogue between funders and nonprofits around equitable funding practices, and ensuring transparency and accountability in funding relationships.

Talking about the partnership between ILSS and The Resource Alliance, Willeke van Rijn, CEO of The Resource Alliance, highlights the significance of IFRC 2025 as a valuable platform for knowledge exchange and collaboration. "Connecting the Indian social sector with global best practices is key to fostering a thriving fundraising ecosystem. Events like the IFRC, then, are the foundation on which the future readiness and resounding success of this sector will be built. We are proud to partner with ILSS to bolster that success in India."

A key highlight of IFRC 2025 will be the Pitch Fest, a unique platform designed to empower aspiring social impact leaders and fundraising professionals. This platform provides a stage for these individuals and organisations to showcase their innovative projects to a panel of esteemed judges. Selected finalists will have the opportunity to pitch their ideas, with the winning projects receiving invaluable mentorship opportunities, cash prizes up to INR 2,00,000, and exposure to a wider audience.

Amit Chandra, Co-founder of the A.T.E. Chandra Foundation, who is also a speaker at the Conference, emphasises the foundation's commitment to supporting IFRC 2025. He says, "The A.T.E. Chandra Foundation is proud to support IFRC 2025. We believe that strong fundraising is crucial for building a more equitable and just society, and we are committed to empowering the next generation of social impact leaders."

Registrations for IFRC 2025 are now open. For more information and to register, please visit: www.indialeadersforsocialsector.com/ilss-events-2.

About ILSS
India Leaders for Social Sector (ILSS) is a learning and leadership development organisation focussed on building leadership capacity for India’s social sector. Through a range of programs across areas of Women’s Leadership, Fundraising, People Practices, Board Leadership and Governance, Digital Transformation and Leadership, ILSS equips crossover and sector-grown leaders with the knowledge, skills and mindset necessary to navigate the complexities of India’s social sector and make a meaningful contribution.

About The Resource Alliance
The Resource Alliance is a global network of individuals and organisations working to strengthen the social sector. Through research, training, and advocacy, they support fundraising professionals, philanthropists, and social sector leaders to maximise their impact.

About the A.T.E. Chandra Foundation
ATE Chandra Foundation (ATECF) works closely with nonprofits and governments to design and scale solutions that impact the most marginalised populations. They focus on two key areas: (i) Capacity Building (building the capacity of professionals, organisations, and the ecosystem to create a stronger and more resilient nonprofit sector) and (ii) Rural Development (addressing key rural issues and investing in rejuvenation of water bodies and regenerative agricultural activities).

MBE-CMT is a pioneer in the manufacturing of centrifuges, crushers, screens, and feeders —equipment essential to various bulk material handling and beneficiation processes. The addition of MBE-CMT's expertise and manufacturing capabilities positions BTL EPC Ltd as a stronger player in the product business area.

State-of-the-art Facility in Kharagpur:

As part of the acquisition, BTL EPC Ltd gains access to MBE-CMT’s modern manufacturing facility in Kharagpur, an industrial hub with excellent connectivity. The facility’s advanced infrastructure and large open area for future expansion, provides an ideal foundation for broadening BTL EPC Ltd’s product portfolio and delivering innovative, high-quality solutions.

Strategic Advantages:

The acquisition of MBE-CMT aligns with BTL EPC Ltd’s long-term vision of growth and diversification. It enhances the company's manufacturing capabilities and product offerings, particularly in the fields of bulk material handling and mineral beneficiation, leveraging the acquired expertise in centrifuge, crusher, screen, and feeder technologies.

Commenting on the acquisition, Mr. Ravi Todi, Managing Director, BTL EPC Ltd., said, "This acquisition is a significant step forward in our journey of growth and innovation. MBE-CMT’s legacy and expertise, combined with our own strengths, will enable us to deliver even greater value to our clients and solidify our position. We are excited about the opportunities this acquisition brings in expanding our product business by strengthening our manufacturing capabilities."

About BTL EPC Ltd.

BTL EPC Ltd. offers end-to-end EPC solutions in Bulk Material Handling, Ash Handling, Mineral Beneficiation, Chemical Plants, and more, serving key sectors like power, steel, and mining. With over 60+ years of experience, BTL EPC Ltd has successfully delivered 30+ large-scale projects, achieved Rs.641 Cr. revenue in FY 2023-24 (24% growth), and is targeting a projected order booking of Rs.2000 plus Cr. for FY 2024-25.

BTL EPC Ltd.’s engineering expertise, focus on innovation, and commitment to timely project execution have been key drivers of its sustained growth and success across diverse industrial sectors.

Website: www.btlepcltd.com.

Left to right Apurv Modi, Ratnankur Chakraborty, Sougat Chatterjee, Mohanlal Yadav, Naveen Pathak
 

As part of this collaboration, Abhay HealthTech will acquire MNP Healthcare’s entire portfolio, including its brands, products, people, and manufacturing facilities. With this acquisition, Abhay HealthTech is set to enhance its product range by integrating MNP’s diverse offerings into its robust sales and distribution network.
 

Through this acquisition, Abhay HealthTech also becomes a strategic partner of MNP’s state-of-the-art manufacturing facilities, bolstering its capabilities to meet growing market demands. Furthermore, the directors of MNP Healthcare, Mr. Mohanlal Yadav and Mr. Naveen Pathak, will join the advisory board of Abhay HealthTech, strengthening the leadership team with their deep expertise in product research, development and manufacturing.
 

“This acquisition marks a pivotal step in Abhay HealthTech’s journey to become a dominant player in the healthcare sector,” said Sougat Chatterjee, Co-founder and CEO of Abhay HealthTech. “By joining forces with MNP Healthcare, we are not only expanding our product portfolio but also solidifying our commitment to delivering top-quality healthcare products to more consumers.”
 

Apurv Modi, Co-founder and Managing Director of Abhay HealthTech, highlighted the long-term benefits of this acquisition, “MNP Healthcare brings significant manufacturing expertise and a proven track record of delivering world-class products at competitive prices. Together, we will strengthen our market position and continue to deliver innovative healthcare solutions.”
 

Ratnankur Chakraborty, National Sales Manager of Abhay HealthTech, added, “MNP Healthcare’s trusted brands and products will add better range to Abhay HealthTech’s extensive distribution network, ensuring that more customers across the country have access to affordable and high-quality healthcare products.”
 

“We are excited about this partnership with Abhay HealthTech. This collaboration will allow us to expand our reach while maintaining our commitment towards providing high quality innovative products. We look forward to this new chapter with a trusted partner like Abhay HealthTech,” said Mohanlal Yadav, Managing Director of MNP Healthcare.
 

Naveen Pathak, Director of MNP Healthcare, added, “Joining forces with Abhay HealthTech provides us with new opportunities to scale our operations and bring even greater value to our customers.”
 

This acquisition is a key part of Abhay HealthTech’s consolidation strategy to collaborate with industry leaders and expand its footprint in the competitive healthcare market. With MNP Healthcare’s strong manufacturing foundation and Abhay HealthTech’s robust distribution network, this partnership will ensure continued innovation and delivery of best-in-class healthcare products.
 

About Abhay HealthTech Pvt. Ltd.

Abhay HealthTech Pvt. Ltd. (AHPL) is a dynamic healthcare conglomerate with a diverse portfolio of innovative products and technology-enabled services. With a strong commitment to revolutionizing healthcare through cutting-edge solutions, AHPL encompasses a wide range of offerings, including Consumer Health Products, OTC Medicines, Integrated Contract Development and Manufacturing, and advanced technology solutions.
 

About MNP Healthcare Pvt. Ltd.

MNP Healthcare Pvt. Ltd. is a fast-growing subsidiary of MNP Meditech Pvt. Ltd., engaged in manufacturing world-class medical products for leading Indian pharmaceutical companies. MNP Healthcare is committed to delivering the best quality products at the most competitive prices, ensuring accessibility for consumers across India.

Developed by Algorhythm, a Pune-based company renowned for its supply chain optimization products, Rhythm 2.0 Sales Route Optimizer is a boon for travelling sales professionals.

There are around 5 crore people employed across India through 1.5 crore mom-and-pop stores. As the threat of quick commerce looms large in the urban centres, digitisation can support the traditional retailers. With 6 lakh on-ground sales force, and 1.5 lakh sales people on Bizom, this acquisition can help a lot of people.

“This acquisition is in-line with our ambition to further expand Bizom's capabilities and consolidate with like-minded solutions in the RTM tech space,” Lalit Bhise, CEO, Bizom.

Beat Planner’s impressive clientele, includes leaders from various verticals of the Consumer Packaged Goods industry. This festive season, brands can plan better and bring smiles to more faces without burning a lot of fuel. Thanks to Bizom and Algorhythm.

About Bizom

Bizom is a leading provider of Sales Force Automation (SFA) and Distribution Management platform empowering retail brands to streamline distribution and drive growth. Bizom manages over 600 brands, with 6 lakh SKUs across 50+ geographies globally. 

For further information log on to www.bizom.com, or write to Bizom at marketing@bizom.com.

Platinum Industries Limited

The fund-raising initiatives will be by way of issue of one or more instruments, including issue of equity shares but not limited to any other convertible securities including warrants, through preferential issues, private placements or any other methods or a combination thereof as may be permitted by applicable laws, which shall be subject to necessary regulatory/statutory approvals and shareholder approvals.

About Platinum Industries Ltd.

Platinum Industries Ltd. is a premier multi-product company in the speciality chemicals sector, specialising in PVC & CPVC Additives, Metal Soaps and Lubricants. As India's leading PVC stabiliser manufacturer, Platinum supplies to over 30 countries from its ISO 9001:2015 certified facility in Palghar, Maharashtra, strategically located near JNPT Port for efficient import and export operations. The Company's product range includes lead stabilisers, Hybrid™ low lead stabilisers, Highstab™ Ca- Zn/Ca-Org stabilisers, CPVC compounds, CPVC Add Packs, Metal Soaps and various lubricants, which are used in PVC pipes, fittings, profiles, electrical wires and cables, SPC floor tiles, Roofing and packaging materials.

OYO's acquisition of the Motel 6 and Studio 6 brands from Blackstone for $525 million positions the India-based hotel company for significant expansion in the U.S. market.

"AAHOA looks forward to building a robust relationship with OYO, ensuring the continued success of the Motel 6 and Studio 6 franchise network," said Chairman Miraj S. Patel. "Our members have always valued the strong partnerships we've developed with G6, and we expect this new chapter with OYO to strengthen those ties. Together, we can continue to innovate and deliver high-quality experiences for guests."

OYO's acquisition presents new opportunities for shared success, given its plans to maintain Motel 6/Studio 6 operations while infusing fresh ideas.

Laura Lee Blake, President & CEO, AAHOA

"We are excited about what the future holds," said President & CEO Laura Lee Blake. "OYO's acquisition of G6 brings a unique combination of global expertise and local market understanding that we believe will benefit both our members and the broader hospitality community. At AAHOA, we remain committed to supporting our members through these industry shifts, ensuring they are equipped to thrive in an evolving marketplace."

As OYO integrates the Motel 6 and Studio 6 brands, AAHOA remains committed to supporting its members and fostering productive partnerships that drive the industry forward.

About AAHOA

AAHOA is the largest hotel owners association in the nation, with Member-owned properties representing a significant part of the U.S. economy. AAHOA's 20,000 members own 60% of the hotels in the United States and are responsible for 1.7% of the nation's GDP. More than 1 million employees work at AAHOA member-owned hotels, earning $47 billion annually, and member-owned hotels support 4.2 million U.S. jobs across all sectors of the hospitality industry. AAHOA's mission is to advance and protect the business interests of hotel owners through advocacy, industry leadership, professional development, member benefits, and community engagement.

Dr. Prashant Rajagopalan, Director, MGM Healthcare addressing the media
 

This strategic move signifies MGM Healthcare's commitment to bringing cutting-edge, affordable healthcare services to emerging markets across India, with a focus on establishing itself as the most accessible healthcare provider in the country. Visakhapatnam, a fast-growing city with significant healthcare needs, presents an ideal location for MGM Healthcare's latest venture, which allows the institution to extend its high-quality patient care to the eastern coast of India.
 

The new logo of MGM Seven Hills was unveiled by Dr. Prashanth Rajagopalan, Director, MGM Healthcare in the presence of Wing Commander M.K. Bose, CEO of MGM Seven Hills Hospital. The new logo embodies MGM Healthcare’s guiding principle, “Doing More Better,” symbolizing the institution’s mission to transform the legacy of Seven Hills Hospital into a state-of-the-art healthcare destination in the heart of Visakhapatnam.
 

Addressing the media, Dr. Prashanth Rajagopalan, Director, MGM Healthcare, said, “This acquisition not only represents an expansion of our footprint but also reinforces our commitment to providing world-class healthcare in underserved regions. By integrating modern medical technology and advanced treatments with the longstanding legacy of Seven Hills Hospital, we are poised to offer an unparalleled healthcare experience to the people of Visakhapatnam and from the neighboring states of Telangana, Odisha, and Chhattisgarh.”
 

He further added, “Seven Hills has been a cornerstone of healthcare in Visakhapatnam for decades. We are honored to carry forward its legacy by enhancing the hospital’s services with MGM’s expertise while retaining the compassionate spirit that has defined this institution for years. MGM Seven Hills Hospital represents our commitment to Visakhapatnam, a promise to deliver affordable, personalized care with compassion, ensuring every patient receives the best possible treatment.”
 

Unveiling of the new logo of MGM Healthcare Seven Hills
 

The newly restructured MGM Seven Hills will feature state-of-the-art medical infrastructure, including advanced critical care units (CCUs), intensive care units (ICUs), a modern cath lab, a 128-slice CT scanner, a 1.5 Tesla MRI, and modular operation theatres (OTs). More than 100 doctors and 700 healthcare professionals will support the hospital, offering comprehensive care for complex medical conditions with meticulous attention and care.
 

In addition to providing curative healthcare, MGM Seven Hills will also focus on preventive healthcare at the community level. Through health camps, awareness drives, and outreach programs, MGM Healthcare aims to promote a healthier society in Visakhapatnam, striving to be not just a treatment provider but a trusted health partner in the region.
 

With this expansion, MGM Healthcare continues its mission to make high-quality healthcare affordable and accessible to all, positioning itself as the healthcare chain of choice in India.

About MGM Seven Hills

MGM Seven hills a part of the MGM Healthcare Group is located on a sprawling campus at Rockdale Layout on Waltair Main Road, the 11-floor facility encompasses 200,000 sq. ft. of built-up area. The hospital features 300 beds and a dedicated team of over 100 doctors. MGM Seven Hills Hospital provides preventive and curative care across all major specialties, including cardiac care, emergency and critical care, medical and gastroenterology, nephrology, urology, cosmetic care, neurology and neurosurgery, and organ transplantation. MGM Seven Hills Hospital also features an in-house nursing college and training facility accredited by the Government of Andhra Pradesh.

About MGM Healthcare

Born out of a need for altruism, MGM Healthcare is obsessed with bettering patient experiences and improving clinical outcomes through expertise, passion and technology. The manifestation of this dedication to superlative health-caring is a state-of-the-art hospital on Nelson Manickam Road having 400 beds, 50 out-patient consultation rooms, over 100 critical care beds, 250+ Doctors, 12 Centers of excellence, 30+ Clinical Departments, 12 state-of-the-art Operating Theatres and 24 x 7 comprehensive Emergency Care. Here, a host of eminent surgeons and physicians wield a potent combination of skill and cutting edge technology to elevate care and outcomes to new levels. MGM Healthcare is the first hospital in Asia with the highest rated USGBC LEED Platinum-certified Green Hospital. MGM Healthcare Group operates two multi-specialty hospitals—MGM Healthcare on Nelson Manickam Road and MGM Malar in Adyar—as well as MGM Cancer Institute an exclusive cancer care hospital in Chennai, further solidifying its position as a leader in healthcare.

The newly acquired land is strategically located off Sarjapur Road, offering excellent proximity to major IT hubs, educational institutions, healthcare facilities, and recreational centers. This prime location presents MANA Projects with immense potential to develop a landmark residential project.

Sarjapur Road has emerged as a prime location for real estate development, thanks to its rapid infrastructure growth and excellent connectivity. The area has become increasingly popular among homebuyers who desire a balance of suburban tranquility and urban amenities. This strategic acquisition aligns perfectly with MANA Projects' commitment to creating residential spaces that harmonize with the natural environment while offering modern conveniences.

Mr. Kishore Reddy, CMD of MANA Projects

Mr. Kishore Reddy, CMD of MANA Projects, stated, "This 2.5-acre acquisition in Chikkanayakanahalli reflects our commitment to Bengaluru's evolving real estate landscape. We're seeing significant demand for sustainable living spaces in the Sarjapur Road area. Our vision is to create a unique residential experience that not only meets homebuyers' needs but also champions environmental sustainability and community development. We plan to incorporate cutting-edge green technologies and dedicate a substantial portion of the project to open spaces. At MANA Projects, we're not just building homes; we're crafting lifestyles that inspire and elevate quality of life."

With this land acquisition, MANA Projects is poised to expand its impressive portfolio in Bengaluru's real estate market. The company, known for its diverse range of residential offerings, from ultra-luxury apartments to premium villas, has a strong presence in the Sarjapur Road area. MANA's track record includes successful projects like Mana Jardin Neo, Mana Dale, and Mana Capitol in the Sarjapur region, demonstrating their expertise in this high-growth corridor.

Drawing from their experience with projects such as Mana Foresta and Macasa Emerald, future residents of the Chikkanayakanahalli development can anticipate thoughtfully designed homes with modern amenities. MANA Projects has consistently shown a commitment to creating living spaces that blend urban convenience with environmental consciousness, as evident in their completed projects like Mana Tropicale and Mana Uber Verdant.

While specific plans for the new 2.5-acre project are yet to be announced, it is expected to align with MANA's reputation for quality construction, innovative design, and community-centric development. This new venture will likely complement their existing offerings in the Sarjapur Road area, further solidifying MANA Projects' position as a leading developer in Bengaluru's dynamic real estate landscape.

About MANA

Mana is one of the top real estate companies in Bengaluru. Founded in 2000 by Mr. D Kishore Reddy, MANA has grown into a multi-faceted realty company with expertise in designing, building, and developing standard to premium apartments and villas in Sarjapur, Bengaluru. MANA creates spaces for lifestyle and living comfort with imagination, cutting-edge engineering, and excellent functional design and aesthetics that reflect the high living standards of its customers. The company has fine-tuned the art of ‘Imagineering’ – a blend of imagination and engineering – to craft dream spaces that exceed the expectations of its customers. MANA has evolved as a reputed company, with business verticals spanning across property development, construction, and infrastructure projects. With attention to detail, vision, and innovation, MANA has ensured that it is able to deliver quality that sets them apart from its peers.

Ishaan Yadav, Culinary Head (Left), Vikas Chawla, MD, Compass Group India (Centre), and  Debashish Yadav, CEO, ICS Food (Right)
 

Founded in 1983, ICS Foods serves over 70 clients across multiple manufacturing sites in India.  
 

Commenting on the acquisition, Vikas Chawla, Managing Director, Compass Group India, said, “We are thrilled to welcome ICS to the Compass Group India family. With the growth of the manufacturing sector in India riding on the back of initiatives like ‘Make-in-India’, this strategic move aligns perfectly with our growth journey. By combining Compass Group India's presence and culinary prowess with ICS Foods' proven expertise in providing food services to the manufacturing sector, we will further strengthen our position in this area, while delivering high-quality, nutritious, and sustainable solutions that are truly valued by our clients and consumers.”
 

Debashish Yadav, Chief Executive Officer, ICS Foods, commented, “We are incredibly excited to be a part of Compass Group India. This partnership presents an unparalleled opportunity to leverage our combined expertise in catering for the manufacturing sector. With this move, we will be able to significantly expand our reach and capitalize on the growth in India. We are confident that together we can deliver exceptional value to our clients, setting new benchmarks for service excellence in the industry.”
 

About Compass Group India

Compass Group India is a part of Compass Group, one of the world’s leading providers of food and support services. Compass Group operates across 33 countries and employs and engages with over 550,000 people serving 5.5 billion meals per year globally.
 

Since 2008, Compass Group India has been partnering with clients and consumers in the workplace, education, and healthcare sectors to shape a happier, healthier and sustainable world, every day. It operates in 450+ client locations across India, with presence in 45 plus cities, delivering more than 7.5 lakh meals every day and managing over 200 Mn sq. ft. of facilities spaces. With the support of 32,000 plus team members, our sector-focused approach gives clients access to unparalleled experience, global best practices, and market-leading innovations. Compass Group India has been recognised for partnering and delivering great services and has been awarded 'Most Admired Food Innovation of the Year Award', Coca Cola Golden Spoon Award, “Business Leader of the Year” and many others.

About ICS Foods

StratAspire Innovations Founding Team (L to R - Aalok Ajay Purohit, Dr. Raja Mukherjee, Saburo Takahashi)

Founded by veterans Yuji Akaba, Washizu Yoshinori, Saburo Takahashi, Raja Mukherjee, and Aalok Ajay Purohit, StratAspire Innovations is poised to join the tech revolution in India. The executive management committee includes Abhishek Chandel leading technology, Prasanna Lohar focusing on blockchain, Navaneethan M for cybersecurity, Srihari Prasad driving sales and business development, Nidhi Vadhera heading branding and marketing, and Haruka Nagahashi managing operations.
 

StratAspire Innovations Leadership Team

With a core focus on high-end AI, generative AI, Google Cloud, cloud cost optimization, cloud security, and cybersecurity products, StratAspire Innovations addresses data utilization, talent shortages, cost concerns, and security issues head-on. The company crafts tailor-made solutions that combine cloud, generative AI, and Web3 technologies to meet specific business needs. StratAspire Innovations provides unwavering support from initial implementation to ongoing operations, ensuring businesses thrive in the AI-powered future.
 

StratAspire Innovations is not only focused on India but is also expanding its global footprint with an existing presence in South Africa, Japan, and Singapore, and soon in Thailand and Australia. Mark Milanese (Australia), Gorge Queiroz (South Africa), and Kenta Matsuoka (Japan & South Africa) are joining forces for international expansion.
 

With a team of Google Cloud-certified engineers, StratAspire Innovations boasts hands-on experience from over 100 generative AI projects, ensuring practical know-how and innovative solutions. The company understands the intricacies of the Indian IT market, catering to both large enterprises and agile startups, and offers end-to-end solutions, from generative AI adoption strategy consulting and custom solution development (leveraging Google Cloud's Vertex AI and Gemini) to post-implementation support and performance optimization.
 

StratAspire Innovations embraces agile methodologies to adapt quickly to India's dynamic generative AI landscape and leverages a deep local network to anticipate trends and stay ahead of the curve. The company also provides specialized tech talent solutions to address the growing demand for skilled professionals in cloud computing, generative AI, legacy system modernization, cybersecurity, and more. Their network of top-tier engineers champions seamless integration into teams to accelerate digital transformation.

StratAspire Innovations believes in fostering mutual growth and is poised to become the leading force in generative AI application development and digital transformation in India. The company views their clients' success as their own.
 

Message From The CEO

"I am incredibly proud to have co-founded StratAspire Innovations alongside my esteemed colleagues Raja Mukherjee, Washizu Yoshinori, Yuji Akaba and Aalok Ajay Purohit. Together, we've assembled an exceptional team of leaders, each with a proven track record of building successful ventures in the technology sector," said Saburo Takahashi, CEO of StratAspire Innovations. "Our combined expertise and passion for innovation fuels our mission to empower Indian businesses with cutting-edge cloud, AI, Web3 and talent solutions. We are dedicated to being at the forefront of this technological transformation, making these powerful tools accessible and impactful for our clients."
 

About StratAspire Innovations Pvt. Ltd.

Based in Bengaluru, StratAspire Innovations Pvt. Ltd. is a subsidiary of StratAspire Holdings Pte Ltd., a Singapore-registered company attracting significant interest from international investors eager to participate in India's flourishing IT sector. StratAspire Innovations specialises in cloud computing, generative AI, Web3 and Talent solutions. As a Google Cloud Partner, they focus on innovation, customer-centricity, and social impact to be a catalyst for growth and transformation in the Indian technology landscape.
 

For more information, please visit www.strataspire.ai

TruBoard's technology platform - TruGenie
 

Vipul Roongta, Managing Director & CEO, at HDFC Capital, said, “We believe that technology solutions will play a critical role in the real estate development and asset management. Our investment in TruBoard is part of the H@ART initiative which has been set up to invest and partner in technology companies that bring efficiencies in the real estate ecosystem.”
 

Vipul Thakore, Co-founder of TruBoard, expressed, “We are immensely proud of the progress we have made and the dedication of our incredible team. This strategic investment by HDFC Capital is a testament to our vision and the value we bring to our industry. We are poised to accelerate our growth, innovate at a faster pace, and make a greater impact and will continue to strive for excellence and innovation.”
 

Nilesh Shah, Managing Director of Kotak Mutual Fund, in his capacity as an early-stage investor in TruBoard stated, “TruBoard’s TruGenie advanced tech-led monitoring platform is revolutionizing real estate management. By leveraging AI, IoT, and big data analytics, it provides capital providers, developers, and customers with real-time insights and improved decision-making. HDFC Capital's investment will speed up TruGenie's innovation, improving asset performance and increasing market value.”
 

TruGenie is poised for a strong expansion and will target international markets, focusing on residential, commercial real estate, warehouse and data centers.
 

This strategic investment will help in accelerating technology enhancements, expand market reach, and ensure robust infrastructure and customer support for future growth.
 

About TruBoard Technologies

TruBoard Technologies is a Proptech company which has developed TruGenie, a premier real estate technology platform with advanced monitoring tools. TruGenie has swiftly grown to manage large residential developments in India. It provides insights for asset management of under-construction and operational projects, enabling greater transparency and efficiency to various stakeholders.
 

About HDFC Capital Advisors Ltd.

HDFC Capital, a subsidiary of HDFC Bank Ltd., is the real estate private equity arm of HDFC Group. HDFC Capital is aligned with the Government of India’s ‘Housing for All’ initiative and is focused on financing the development of affordable and mid-income homes in a sustainable manner. HDFC Capital also seeks to promote innovation and the adoption of new technologies within the real estate sector by investing in and partnering with technology companies.
 

HDFC Capital is the investment manager to four SEBI registered Category II Alternative Investment Funds. These funds combine to create a US$ 3 billion + platform targeting the development of affordable and mid-income housing in India.

Propel Industries, a leader in the Indian Crushing and Screening market, has forged a strategic partnership with Omega Crushing and Screening, a pioneer in zero emission mobile crushing and screening in European and American markets to deliver innovative and sustainable solutions to the global crushing and screening market. By harnessing their combined strengths, Propel and Omega are poised to deliver superior products and services to their customers worldwide.
 

Mr Senthil Kumar Varadharajan, Managing Director, Propel Industries
 

Sharing details about the mammoth step forward, Mr Senthil Kumar Varadharajan, Managing Director, Propel Industries said, “We are thrilled to join hands with Omega in this strategic partnership. This collaboration marks a significant milestone for us as we combine our strengths to drive innovation and growth in the global crushing and screening industry. Together, we aim to set new benchmarks in product quality and customer satisfaction.”

 

The partnership is poised to enhance product development and accelerate the introduction of the state-of-the-art crushing and screening solutions by uniting the technical expertise and market knowledge of both companies. Advanced manufacturing facilities in both regions will be utilized, ensuring high-quality production standards and efficient distribution channels to meet the growing demand. The joint efforts will focus on developing a new range of products that incorporate latest technologies in crushing and screening, including eco-friendly and energy-efficient solutions tailored to meet the evolving needs of the industry.

 

Speaking about the collaboration, Mr. Colin Daly, Sales Director, Omega Crushing and Screening said, "This partnership represents a perfect synergy of our capabilities and ambitions. By working closely with Propel, we are confident in our ability to deliver exceptional value to our customers worldwide. Our combined efforts will not only enhance our product offerings but also expand our global footprint."

 

The extensive distribution networks of Propel and Omega will be leveraged to expand the market reach of both brands, facilitate better access to emerging markets and strengthen the presence in the established ones. The Northern Ireland factory facility of Omega will serve as a parts hub serving the European & American markets for both Propel and Omega brands. This will provide customers with reliable maintenance and quick access to replacement parts, ensuring the longevity and optimal performance of their equipment. A key aspect of this collaboration is a shared commitment to sustainability.

About Propel

Propel Industries, founded in 2009 and headquartered in Coimbatore, India, part of 60-year-old AV Group with a revenue of £300 Mn is a prominent manufacturer and supplier of crushing, screening, and washing equipment for the mining, quarrying, and recycling industries. Their extensive product range includes jaw crushers, cone crushers, horizontal and vertical shaft impactors, vibrating screens, washing equipment, and mobile crushers and screens. Propel has also recently launched 60 tons EV Dump Trucks for the Indian markets. Propel emphasizes advanced manufacturing techniques, robust research and development, and sustainability in their operations and has a manufacturing footprint of 750,000+ sq. ft.
 

They have a strong market presence both domestically in India and in 26+ countries internationally across Africa, the Middle East, Southeast Asia, and Latin America with 3000+ plant installations. The company provides comprehensive after-sales support, training, and consultancy services to ensure optimal equipment performance. Propel's commitment to quality and innovation has earned them several certifications and awards.

About Omega

Omega crushing and screening was founded in 2019 and is based in Northern Ireland, the heart of the crushing and screening sector. With years of invaluable experience in this industry, Omega has evolved to become pioneers in manufacturing, zero-emission mobile crushers and screens for the mining, quarrying and recycling industries. Omega is committed to eco-friendly solutions with continuous innovation, catering to a global market that increasingly seeks sustainable practices.

Omega currently has a strong presence worldwide and some of the major markets they currently have presence include UK, Europe, USA and South America. Omegas emphasis on quality and service has secured them strong relationships globally with their partners.

Ms. Swetha Sagar brings a wealth of experience to the role, with over 19 years in brand management, strategic planning, and business development. Throughout her career, she has held leadership positions at renowned companies such as Versuni India (previously Philips Domestic Appliances), Hindustan Coca Cola, and Hutchinson Essar.

Mr. Rangarajan Sriram, Managing Director of Butterfly Gandhimathi Appliances and head of Kitchen Appliances division at Crompton has stepped down as Managing Director with effect from 14^th June 2024. Mr. Sriram has been associated with Crompton since 2012 and led Butterfly Gandhimathi Appliances Ltd. since its acquisition in March 2022. He has been an integral part to the organisation and contributed immensely to the business. We are grateful for his efforts in building and strengthening the organisation at Crompton and Butterfly.

Promeet Ghosh, MD & CEO, Crompton Greaves Consumer Electricals Ltd., (company holding 75% of Butterfly Gandhimathi Appliances Ltd.) said, “We express our sincere gratitude to Mr. Sriram for his leadership and the significant role he played in both Crompton & Butterfly. Ms. Swetha’s proven expertise aligns perfectly with our vision for Butterfly's continued growth. We are committed to further solidifying Butterfly's position as a leading kitchen appliance brand in India.”

He further added, “Butterfly is a strong brand, and we are one of the largest integrated kitchen appliance players in India, holding a leadership position across many categories. We will ensure a smooth continuation of Butterfly's operations amidst this leadership transition. We are deeply invested in strengthening our market position and delivering superior kitchen appliance solutions that elevate the cooking experience in Indian households.”

About Butterfly Gandhimathi Appliances Ltd.

‘Butterfly’ is amongst the Top 3 Brands in India in kitchen and small domestic appliances. It is a reputed brand with high consumer recall in South, known for Aesthetics and Product Quality. It has a diverse product portfolio, with variants adapted to meeting consumer needs. It has 4 core products – Mixer Grinders, Pressure Cookers, Gas Stove, Wet Grinders and backed by a full suite of small domestic appliances. It has a state of art in-house manufacturing setup with strong backward integration.

ET Money
 

ET Money is India’s largest non-brokerage Digital Platform for Direct Mutual Funds and also the biggest SEBI-registered Investment Advisor by number of clients. Subject to regulatory approvals, 360 ONE WAM will acquire 100% of ET Money via a stock swap and cash deal. Times Internet will remain invested by owning a stake in the listed entity, 360 ONE WAM.
 

360 ONE WAM is one of India’s largest wealth and alternates-focused asset management firms. It is the investment and financial advisor to 7200+ relevant families in the High Net Worth Individual (HNI) and Ultra HNI segments with aggregate assets of around Rs. 4,67,000 crores* (USD 56.3 bn) under management.
 

The acquisition will aid 360 WAM in completing the flywheel across client segments and reinforcing its position as India’s premier wealth manager. 360 ONE has recently launched its HNI and Global offerings in addition to the existing core UHNI Wealth business.
 

Karan Bhagat, Founder & CEO of 360 ONE WAM, said, "As we move forward, 360 ONE and ET Money will now be able to leverage the product suite, domain understanding of the business, portfolio advisory solutions, brokerage services and credit solutions to a large user base. The acquisition is expected to result in a strong and faster path of monetisation for ET Money across both users as well as product offerings.”
 

ET Money serves an emerging and growing segment of mass affluent Indians that is driving the growth of the Mutual Fund industry and WealthTech overall. ET Money has over 9 lakh transacting clients, with more than 1 lakh revenue-generating users. The platform tracks a total AUM of approximately Rs. 70,000 crores, with Rs. 28,000 crores invested through it. Each month, ET Money sees gross sales exceeding Rs. 1,200 crores and mutual fund net flows of nearly Rs. 750 crores. It also drives upwards of Rs. 450 cr. of SIP every month. ET Money Genius, the platform’s unique investment advisory service, has grown rapidly, reaching an AUA of Rs. 1,200 crores.
 

With growing assets, India’s mass affluent investors’ needs are also evolving to demand more personalized advisory. These investors also prefer to manage all their money in one place, allowing ET Money to cater to their varied needs with wealth solutions like NPS, Fixed Deposits, P2P investments, and annuity products.
 

Satyan Gajwani, Vice Chairman, Times Internet, said, “We are incredibly proud of ET Money’s achievements, and we are sure it will reach further heights with 360 ONE, where we will be shareholders.”
 

ET Money will continue to operate independently as a 100% subsidiary of 360 ONE WAM. Both companies would work to unlock ET Money's full growth potential by making 360 ONE WAM's brokerage, customized wealth management solutions, and secured lending products accessible on the ET Money app.

"We have had a shared vision with Times Internet and now with 360 ONE WAM to align our businesses deeply with our investor's investment outcomes and thereby create trusted relationships. We are excited about the possibility of leveraging 360 ONE WAM's expertise and ecosystem built for the high-income segment and democratizing access to premium wealth products and solutions to every Indian," said Mukesh Kalra, CEO of ET Money.
 

*As on March 31, 2024.