Author: Sutun Nayak

  • ATLAS ISDI Appoints PepsiCo Design Leader Tanu Sinha to Advisory Board

    ATLAS ISDI Appoints PepsiCo Design Leader Tanu Sinha to Advisory Board

    Mumbai (Maharashtra) [India], January 20: ATLAS SkillTech University, India’s first new-age urban multidisciplinary university, announced the appointment of Ms. Tanu Sinha, Head of Design, PepsiCo India & South Asia, to the Advisory Board of its design school, ISDI – School of Design & Innovation. Her addition further strengthens the board with deep expertise in design, innovation and global business strategy from a Fortune 500 organisation.

    Ms. Sinha joins a distinguished cohort of industry leaders on the ATLAS ISDI Advisory Board, which includes Mr. Amitesh Rao, CEO, Leo Burnett; Mr. Deepak Menon, VP, Product Experiences, Microsoft; Ms. Lulu Raghavan, VP, Landor; Mr. Ayan Pal, Head of Experience & Design, US Studios, Deloitte; Ms. Sonia Manchanda, Founding Partner, Spread; Ms. Neeta Lulla, Couturier, Costume Designer and Stylist; Mr. Andrew Pendleton, Senior Director, Design Systems, Verizon; Mr. Satyam Kantamneni, CEO and Managing Partner, UX Reactor; Mr. Alok Nandi, Founder and Creative Director, Architempo; Mr. Tanay Kumar, CEO, Fractal Ink Design Studio; Mr. Avnish Sabharwal, Senior Industry Leader; and Ms. Sangeetha Jayaram, Senior Industry Design Leader.

    The perspectives of these accomplished design leaders will play a pivotal role in advancing ISDI’s curriculum, strengthening industry collaboration and guiding students to apply design thinking in real-world contexts. Their addition reinforces ATLAS & ISDI’s focus on bridging academia and industry and on nurturing future-ready designers equipped to lead in a rapidly evolving global environment.

    Commenting on the development, Siddharth Shahani, Co-Founder & Executive President, ATLAS SkillTech University, said, “We are delighted to welcome Tanu Sinha to the ISDI Advisory Board. Her leadership in building strong brand systems and consumer-centric design strategies at a global organisation like PepsiCo brings immense value to ISDI students and the academic ecosystem. At ISDI, we emphasize human-centred design, interdisciplinary thinking and real-world application. As we continue to build a future-focused design institution, her guidance will help us stay aligned with global standards and industry expectations.”

    Sharing her perspective, Ms. Tanu Sinha, Head of Design, PepsiCo India & South Asia, said, “The future of design lies in its ability to deeply understand consumers, build strong brand narratives and deliver experiences that are both creative and commercially relevant. ISDI’s strong focus on industry integration and strategic design education makes it a unique institution and I look forward to working with the faculty and students to help shape the next generation of design leaders.”

    With this appointment, the ATLAS ISDI Advisory Board continues to represent a powerful collective of leaders across design, technology, branding, fashion and innovation, working together to shape the next generation of creative professionals.

    About ATLAS SkillTech University

    ATLAS SkillTech University, located in the heart of Mumbai’s business district, is India’s first urban, multidisciplinary university and the youngest in the country to be accredited with a NAAC A grade. Pioneering a new model of higher education, ATLAS integrates global collaborations, industry partnerships and an innovation-first approach to prepare future-ready leaders. Guided by the principles of India’s National Education Policy 2020, ATLAS offers cutting-edge programmes across four new-age streams—Design & Innovation, Management & Entrepreneurship, Digital Technology and Law. Its futuristic model has been co-created with an international community of scholars, academicians, industry experts and thought leaders, making it a hub where design, technology, strategy and leadership converge.
    For more information, visit: https://atlasuniversity.edu.in

    About ISDI School of Design and Innovation

    Known as one of the best design schools in India, ATLAS ISDI brings truly world-class design education to India with a global curricular collaboration with Parsons School of Design, and world-renowned faculty comprising leading designers, academicians, industry practitioners and scholars. Centered in the heart of India’s hub of creative innovation, Mumbai, ATLAS ISDI School of Design & Innovation stands at the intersection of Art, Design, Entrepreneurship & Technology.

    For more information, visit: https://atlasuniversity.edu.in/schools/isdi/

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  • Hannah Joseph Hospital Limited IPO Opens on January 22, 2026

    Hannah Joseph Hospital Limited IPO Opens on January 22, 2026

    Left to right: Dr. Sunil Kumar Manocha, CapitalSquare Advisors; Dr. Mosesjoseph Arunkumar; Mr. Daniel Dayanand Fenn; and Mr. Pandiarajan Thangaraj, Hannah Joseph Hospital Limited.

    Mumbai (Maharashtra) [India], January 20: Hannah Joseph Hospital Limited (Hannah Joseph, The Company) a multi-specialty tertiary care hospital in Madurai with focus on Neurosciences and Trauma, proposes to open its Initial Public Offering on January 22, 2026, aiming to raise ₹ ₹ 42.00 Crore (At Upper Price Band) by fresh issue of 60,00,000 equity shares, to be listed on the BSE SME platform.

    The issue size is 60,00,000 equity shares at a face value of ₹10 each, with a price band of ₹67-70 per share.

    Equity Share Allocation

    • Qualified Institutional Buyer – Not more than 28,46,000 Equity Shares

    • Non-Institutional Investors – Not less than 8,58,000 Equity Shares

    • Individual Investors – Not less than 19,96,000 Equity Shares

    • Market Maker – 3,00,000 Equity Shares

    The net proceeds from the IPO will be utilized for Funding of capital expenditure for establishing Radiation Oncology Centre and General Corporate Purposes. The anchor portion will open on Wednesday, January 21, 2026 and the issue will open on Thursday, January 22, 2026 and will close on Tuesday, January 27, 2026.

    The Book Running Lead Manager to the Issue Capital SquareAdvisors Private Limited, The Registrar to the Issue isBigshare Services Private Limited.

    Dr. Mosesjoseph Arunkumar, Chairman and Managing Director of Hannah Joseph Hospital Limited expressed, “Since its inception, remained committed to delivering advanced, ethical, and patient-centric healthcare services. Our evolution from a single-specialty focus to a multi-specialty tertiary care hospital reflects our continuous investments in clinical excellence, technology, and skilled medical professionals. Being a regional referral center for complex neurological, neurosurgical, cardiac, and trauma care, we have consistently strengthened our infrastructure and clinical capabilities to meet the growing healthcare needs of South Tamil Nadu.

    The proposed IPO is expected to support the Company’s planned capacity and service expansion initiatives, enabling it to strengthen its clinical offerings and deliver more integrated, end-to-end care. These initiatives are aimed at enhancing patient convenience and treatment outcomes while broadening the Company’s ability to serve complex medical needs under a single platform. The expansion is also expected to drive incremental inpatient and outpatient volumes and support sustainable growth in revenues over the medium to long term.”

    Mr. Sunil Kumar Manocha, Founder & Director of Capital Square Advisors Private Limited said, “Hannah Joseph Hospital operates a tertiary care facility in its core market with a focused presence across neurosciences, cardiology, trauma, and critical care. Supported by accredited operations and participation in government insurance schemes, the hospital is positioned to deploy incremental capital towards capacity enhancement and service integration initiatives.

    These initiatives are expected to expand clinical offerings, improve patient throughput and case mix, and support growth in inpatient and outpatient revenues.”

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  • Anand Giri: Driving Affordable Housing Development in Mumbai’s Extended Suburbs

    Anand Giri: Driving Affordable Housing Development in Mumbai’s Extended Suburbs

    Mumbai (Maharashtra) [India], January 6: Real estate developer and entrepreneur Mr Anand Giri has emerged as a significant contributor to the affordable housing landscape in the Mumbai Metropolitan Region (MMR), with a focused presence in the fast-growing suburban corridors of Vasai, Virar, and Nala Sopara. His initiatives are centred on expanding access to formal housing while supporting sustainable regional growth.

    Mr Giri leads multiple real estate developments aimed at delivering legally compliant, quality, and affordable residential solutions, particularly for communities that have traditionally remained excluded from the formal property market. His projects are designed to enable home ownership for low-income families and residents transitioning from informal settlements, thereby fostering long-term social and economic stability.

    A strong social vision underpins his work. Mr Giri has consistently advocated inclusive urban development, emphasising the urgent need to provide dignified housing options for families living in slums across Mumbai. He has also actively positioned the Vasai–Virar–Nala Sopara belt as a promising residential and investment destination, highlighting its improving infrastructure, connectivity, and long-term growth potential.

    Affordability remains a cornerstone of his business philosophy. In a market often marked by high entry barriers, Mr Giri has introduced housing opportunities at highly accessible price points, with legally sanctioned flats offered at starting prices as low as ₹16 lakh, subject to eligibility and documentation norms. Transparency in transactions, including clearly defined pricing structures and loan eligibility processes, is a key differentiator of his approach.

    Beyond housing development, Mr Giri’s ventures have made a meaningful impact on the local economy. His growing business ecosystem supports an estimated 500 to 600 individuals, encompassing internal teams and an extensive network of channel partners, thereby generating sustained employment and livelihood opportunities across the region.

    Overall, Mr Anand Giri is recognised as a socially driven entrepreneur whose work reflects a balanced commitment to affordable housing delivery, economic empowerment, and inclusive regional development within Mumbai’s extended suburban landscape.

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  • Tata Projects Selected as EPC Partner for SAF One’s Sustainable Aviation Fuel Project

    Tata Projects Selected as EPC Partner for SAF One’s Sustainable Aviation Fuel Project

    Mumbai (Maharashtra) [India], January 20: Tata Projects Limited, one of India’s leading technology-led engineering, procurement and construction (EPC) companies and a key part of the Tata Group, has been selected by SAF One Energy Management Limited as its EPC partner for a HEFA-based (Hydroprocessed Esters and Fatty Acids) Sustainable Aviation Fuel (SAF) project in the Middle East.

    Advancing the transition to low-carbon aviation, the project will convert used cooking oil (UCO) and other waste oils and fats into SAF, playing a pivotal role in regional and global decarbonization by enabling the production of low-carbon aviation fuel and reducing dependence on conventional fossil-based jet fuel. It also marks an important milestone in SAF One’s plans to develop a global portfolio of Sustainable Aviation Fuel facilities, including one in India.

    As an EPC partnerTata Projects will deliver an integrated, scalable project solution, leveraging its approach of standardised designsadvanced construction methodologies, and optimised modular execution strategies. This approach is aimed at improving schedule predictability, optimising capital efficiency, and enabling faster replication of SAF facilities across multiple geographies.

    The project configuration integrates globally proven process technologies for feedstock pre-treatment and hydroprocessing, ensuring flexibility across multiple waste-based feedstocks and compliance with ASTM D7566 international SAF specifications. Tata Projects’ role encompasses overall project integration, constructability-driven design development, and execution readiness for a first-of-its-kind SAF facility in the region.

    Commenting on the development, Rajiv Menon, President & COO – Energy & Industrial Business, Tata Projects Limited, said,

    “Sustainable Aviation Fuel represents one of the most immediate and scalable levers for aviation decarbonization. Our collaboration with SAF One reflects a shared focus on creating repeatable, efficient, and execution-ready SAF infrastructure. By combining standardized design philosophies with modular construction and disciplined project delivery, we aim to enable faster deployment of SAF projects globally.”

    Deepak Munganahalli, Co-founder and CEO of SAF One, added,

    “We are pleased to partner with Tata Projects for this SAF project. Their experience in delivering complex energy infrastructure under a fixed-price, lump-sum turnkey EPC model, together with a strong focus on safety, constructability, and standardization, aligns well with SAF One’s ‘design once, build many’ approach as we progress a scalable pipeline of SAF projects across regions.”

    This partnership reinforces Tata Projects’ position as a partner of choice for energy transition projects, supporting clients with scalable delivery models that balance sustainability objectives with execution certainty. Tata Projects and SAF One are also advancing discussions on a Sustainable Aviation Fuel project in India, underscoring a shared commitment to building resilient, future-ready SAF infrastructure in high-growth aviation markets.

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  • The Listener Who Transformed Lives: Anitha Manickam’s Journey to Becoming an Iconic Marriage Coach

    The Listener Who Transformed Lives: Anitha Manickam’s Journey to Becoming an Iconic Marriage Coach

    Mumbai (Maharashtra) [India], January 17: When most marriage counsellors talk about their expertise, they cite degrees, certifications, and years of practice. But ask Anitha Manickam, recently recognised as an Iconic Relationship & Marriage Coach, what shaped her approach to healing relationships, and she’ll take you back to a twelve-year-old girl in a Tamil Nadu village who simply knew how to listen.

    In an era where relationship coaching has become an increasingly sought-after profession, Anitha’s story stands out—not just for her fifteen years of successful practice, but for how her personal journey of transformation became the very foundation of her professional calling. Her recognition comes at a time when marriage counselling is shedding its stigma in India, with more couples seeking help to navigate the complexities of modern relationships.

    A Childhood Rooted in Silence and Sensitivity

    The irony of Anitha’s childhood couldn’t be more striking. Born into a large joint family where everyone—on both her mother’s and father’s side—was a teacher, she grew up surrounded by educators and advisors. Yet, in a house full of voices offering guidance and instruction, she felt profoundly alone.

    “Everyone around me had something to teach, something to correct, but nobody was listening,” she reflects.

    In that vacuum, she made a quiet resolution that would define her life’s work:

    “I will listen.”

    That resolution manifested early. By the time she was twelve or thirteen, something unusual began happening. People started coming to her, not seeking advice or solutions, but simply to share their stories. She listened without the impulse to judge or fix, seeing each narrative as just that—a story. She loved stories, and this gift of holding space for others felt, even to her young mind, divinely ordained.

    What she didn’t realise then was that this intuitive ability would become the cornerstone of a career that would touch hundreds of lives.

    Education, Identity, and the Loss of Instinct

    After graduation, Anitha pursued what seemed like a natural extension of her inclination—she studied pastoral care and counselling as part of mission studies in college. But formal education brought an unexpected consequence. The techniques and methodologies she learned began to overshadow the pure, instinctive listener she had been. The gift was getting buried under the weight of learned responses and professional frameworks.

    Anitha Manickam

    Marriage as the Turning Point

    Marriage changed everything.

    Moving to Mumbai as a young bride, Anitha found herself in a city that stood in stark contrast to her village upbringing, married to a man who, like her family, was in the teaching field. But observing her husband’s work became a turning point. As she watched him create possibilities for people through his teaching, something dormant within her began to reawaken.

    The listener of her youth was returning—this time with maturity, lived experience, and depth.

    The Birth of Oomang Counselling Centre

    The year 2009 marked a pivotal moment when Anitha and her husband opened Oomang Counselling Centre.

    Initially conducting workshops for schools, teachers, students, and parents, Anitha found validation in the feedback from parents who noticed tangible differences in their children. Her teaching extended to colleges, but alongside her professional growth, she was also becoming a student—of her husband’s research in Human Design and of Ontology through their involvement with Landmark Education.

    The study of being and existence fundamentally reshaped how she understood human relationships.

    Academic Excellence and Social Commitment

    Driven by a commitment to social impact, Anitha immersed herself in women empowerment and gender sensitisation, writing research papers and presenting at conferences. She eventually taught Master’s courses in Emotional Intelligence and Coaching at Mumbai University, building impressive academic credentials.

    But her most profound education was unfolding elsewhere.

    Marriage: The Deepest Classroom

    When conflicts arose with her husband, Anitha made an unconventional choice. Instead of applying traditional resolution methods, she chose radical honesty and deep inquiry into the nature of partnership itself.

    What she discovered was revelatory.

    Every struggle, every question, every concern she faced in her marriage began appearing—almost identically—in the couples who sought her counsel. Her challenges weren’t unique; they were universal. More importantly, the solutions she forged for herself became pathways for others.

    This realisation transformed her practice.

    Anitha Manickam

    Core Philosophy: Truths from Fifteen Years of Practice

    Fifteen years of marriage counselling have distilled certain truths that Anitha now brings to every session. Chief among them is the concept of “joint ownership”—the recognition that marriage creates something greater than the sum of two individuals, and both partners must acknowledge each other’s contribution to this shared creation.

    She teaches that choice always exists in a relationship, and the fundamental question isn’t about perfection but about priority:

    “Do you value what you’re building together more than your individual grievances?”

    She states plainly:

    “There is no perfect human and no perfect couple.”

    Her philosophy is both pragmatic and profound, perhaps best captured in her observation:

    “Marriage is a journey from attraction to acceptance.”

    A truth born not from academic theory, but from lived experience.

    Recognition Beyond Achievement

    Today, Anitha Manickam’s recognition as an Iconic Relationship & Marriage Coach acknowledges more than professional success. It honours a journey that began with a lonely child in a Tamil Nadu village who chose to listen, continued through a young woman who nearly lost that gift to formal education, and culminated in a practitioner who rediscovered her authentic voice through the challenges of her own marriage.

    She brings to her work a rare blend of intuitive wisdom, academic rigour, and hard-won personal insight.

    In a field often dominated by theoretical frameworks and clinical distance, Anitha’s approach remains refreshingly human. She doesn’t just counsel couples—she witnesses their stories without judgment, creates space for radical honesty, and helps them uncover possibility within difficulty.

    From a small village to Mumbai’s metropolitan landscape, from a twelve-year-old listener to an iconic coach, her journey mirrors the transformation she facilitates in others:

    from isolation to connection,
    from conflict to understanding,
    from suppression to authentic expression.

    Perhaps that is the truest measure of her success—she became the listener her younger self needed, and in doing so, became the guide countless couples were searching for.

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  • Neelam Stainless Steel Wins ‘The Honest and Authentic Brand 2025’ Award

    Neelam Stainless Steel Wins ‘The Honest and Authentic Brand 2025’ Award

    Mumbai (Maharashtra) [India], January 17: Neelam Stainless Steel, a trusted name in Indian kitchens since 1972, has been honoured with ‘The Honest and Authentic Brand 2025’ award at a ceremony hosted by Bright Outdoor Media Ltd.

    The event was graced by esteemed personalities, including Dr Niranjan Hiranandani, Managing Director of Hiranandani Group, along with actors Neel Nitin Mukesh, Shekar Suman, and Ashish Chanchlani.

    For over fifty years, Neelam has been more than just a name in stainless steel kitchenware; it has been a part of Indian homes and traditions. The journey began with a simple vision: to create kitchenware sets that last, serve, and bring people together.

    Significant milestones include being the first brand to establish a dedicated identity for stainless steel in India and introducing innovative products such as premium Salem Steel, complete dinner sets, and travel sets.

    Every day, Neelam’s products witness countless moments of love and togetherness, making them an integral part of family life. In many households, Neelam is not just a brand; it’s a cherished tradition that holds the flavours of at least three generations of family recipes and the comfort of home.

    “Our commitment to sustainability and adaptability has been our guiding principle,” said Vishal Dedhia, Managing Director of Neelam Stainless Steel, in response to receiving the award.

    “This recognition inspires us to continue our legacy of providing kitchenware that supports families, homes, and lifestyles, and celebrates the spirit of togetherness. At Neelam, we honour the women who are the backbone of our culture, ensuring that our products are functional and serve as a source of love and care in their kitchens.”

    Neelam Stainless Steel

    Neelam Stainless Steel is built on strong values of honesty, trust, quality, and excellence, making it a symbol of love, care, and togetherness. As the brand rejoices in this recognition, it remains dedicated to innovating kitchen solutions that resonate with the evolving tastes and aspirations of today’s households.

    For more information about Neelam Stainless Steel and its products, please visit: https://neelamsteel.com/

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  • Ashapuri Gold Ornament Limited Receives ₹29 Cr Orders at IIJS Bharat Signature 2026

    Ashapuri Gold Ornament Limited Receives ₹29 Cr Orders at IIJS Bharat Signature 2026

    Ahmedabad (Gujarat) [India], January 20: Ashapuri Gold Ornament Limited (BSE – 542579)— One of India’s leading B2B jewellerymanufacturers, has announced the receipt of orders aggregating to approximately ₹29 Cr at the recently concluded India International JewelleryShow (IIJS Bharat Signature) 2026 held in Mumbai.

    The orders, received from prominent regional and national jewellery retail chains along with leading BigBox jewellers, pertain to the supply of gold jewellery, with execution scheduled within 60 days.

    The 18th edition of IIJS Bharat Signature 2026 brought together the global gem and jewellery community and attracted over 25,000 trade visitors from more than 800 Indian cities and 60+ countries.

    The order inflow reinforces Ashapuri Gold Ornament Limited’s strong presence in the B2B jewellery manufacturing segment and its ability to cater to organised jewellery retailers.

    Commenting on the order win, Mr. Jenik D. Soni, CEO of Ashapuri Gold Ornament Limited, said: “The response at IIJS Bharat Signature 2026 reflects the strong relationships we have built with organised jewellery retailers and validates our design capabilities and manufacturing scale.

    Participation in marquee industry platforms continues to strengthen engagement with large-format retailers, while the resulting order momentum provides execution visibility and supports our focus on timely delivery and operational excellence.”

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  • Ashapuri Gold Ornament Limited Receives Rs 29 Cr Orders at IIJS Bharat Signature 2026

    Ashapuri Gold Ornament Limited Receives Rs 29 Cr Orders at IIJS Bharat Signature 2026

    Ahmedabad (Gujarat) [India], January 20: Ashapuri Gold Ornament Limited (BSE – 542579)— One of India’s leading B2B jewellerymanufacturers, has announced the receipt of orders aggregating to approximately ₹29 Cr at the recently concluded India International JewelleryShow (IIJS Bharat Signature) 2026 held in Mumbai.

    The orders, received from prominent regional and national jewellery retail chains along with leading BigBox jewellers, pertain to the supply of gold jewellery, with execution scheduled within 60 days.

    The 18th edition of IIJS Bharat Signature 2026 brought together the global gem and jewellery community and attracted over 25,000 trade visitors from more than 800 Indian cities and 60+ countries.

    The order inflow reinforces Ashapuri Gold Ornament Limited’s strong presence in the B2B jewellery manufacturing segment and its ability to cater to organised jewellery retailers.

    Commenting on the order win, Mr. Jenik D. Soni, CEO of Ashapuri Gold Ornament Limited, said: “The response at IIJS Bharat Signature 2026 reflects the strong relationships we have built with organised jewellery retailers and validates our design capabilities and manufacturing scale.

    Participation in marquee industry platforms continues to strengthen engagement with large-format retailers, while the resulting order momentum provides execution visibility and supports our focus on timely delivery and operational excellence.”

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  • Chandan Healthcare Limited Secures Second PPP Project in Punjab for Advanced Radiology Services

    Chandan Healthcare Limited Secures Second PPP Project in Punjab for Advanced Radiology Services

    Lucknow (Uttar Pradesh) [India], January 20:Chandan Healthcare Limited (NSE – CHANDAN), – Chandan Healthcare Limited, one of the leading diagnostic and healthcare services providers in North India, has been awarded a Public Private Partnership (PPP) project in the state of Punjab by the Punjab Health Systems Corporation under the Department of Health and Family Welfare, Government of Punjab.

    The project has been awarded for a 10-year period with an estimated project cost of ₹26 crore. Under the PPP framework, the Company will undertake the development, operation, and maintenance of Advanced Radiology Imaging Diagnostic Centres at select government healthcare facilities across the state.

    As part of the current initiative, Chandan Healthcare Limited will establish advanced radiology centres at the following locations:

    • District Hospital, Hoshiarpur with a 1.5 Tesla MRI scanner
    • District Hospital, SBS Nagar with a 1.5 Tesla MRI scanner
    • District Hospital, Kapurthala with a 1.5 Tesla MRI scanner
    • SDH Dasuya with a 32 slice CT scan

    The award marks Chandan Healthcare’s second PPP project in Punjab since December 2025, reflecting the Punjab Government’s continued confidence in the Company’s execution capabilities.

    These initiatives are aimed at strengthening diagnostic infrastructure within government hospitals by improving access to modern MRI and CT scan services at the district and sub district level, supporting timely diagnosis and reducing the need for patients to travel to larger cities.

    Through this partnership, Chandan Healthcare Limited continues to expand its B2G presence and reinforce its role as a trusted partner to state governments in enhancing public healthcare infrastructure through advanced diagnostic services.

    Commenting on the development, Mr. Amar Singh, Promoter and Managing Director of Chandan Healthcare Limited, said, “Being selected again for a PPP project in Punjab reaffirms the strength of our operating model and our ability to deliver large-scale diagnostic projects in collaboration with state governments. This award further consolidates our position as a long-term partner in strengthening public healthcare infrastructure.

    The project enables us to extend advanced MRI and CT imaging services across district and sub-district hospitals, improving accessibility and reducing the burden on patients. We remain committed to supporting government healthcare systems through reliable execution, technology-led solutions, and consistent service quality.”

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  • PhonePe IPO Clears SEBI, Fintech Heavyweight Gears Up for Market Debut

    PhonePe IPO Clears SEBI, Fintech Heavyweight Gears Up for Market Debut

    Mumbai (Maharashtra) [India], January 20: This one matters. PhonePe, India’s largest digital payments platform, has quietly crossed a critical regulatory hurdle. SEBI has approved its IPO plans, pushing the fintech giant closer to a blockbuster market debut.

    PhonePe has received approval from the Securities and Exchange Board of India for its initial public offering, according to sources familiar with the matter. The approval follows the company’s confidential filing in September, a route increasingly favoured by large firms that prefer to test regulatory waters away from public glare.

    The move signals that India’s most dominant UPI player is preparing to step into the public markets at a moment when investor appetite is running hot.

    Walmart, which backs PhonePe through its majority ownership, is expected to partially offload its stake during the IPO. Microsoft and Tiger Global are also likely to sell a portion of their holdings, according to the same sources. None of the investors have publicly commented yet, and PhonePe has stayed silent so far. That silence is strategic, not accidental.

    India’s primary markets are enjoying one of their strongest runs on record. Fundraising volumes touched historic highs in 2025, driven by strong retail participation, improving corporate earnings, and a renewed belief in India’s long-term growth story. PhonePe’s IPO lands squarely in this sweet spot.

    Founded in 2015, PhonePe has grown from a simple payments app into the backbone of India’s everyday digital commerce. At last count, it controlled more than 45 percent of UPI transaction volume, making it the single largest player on the country’s real-time payments network.

    To put that scale in perspective, PhonePe processed 9.8 billion transactions in August alone. Total UPI transactions for the month stood at 21.6 billion, according to data from the National Payments Corporation of India. That’s not market leadership. That’s market gravity.

    The app boasts over 600 million registered users and supports payment solutions for nearly 50 million merchants. From kirana stores in Ahmedabad to high-end retailers in Bengaluru, PhonePe QR codes are everywhere. It’s no longer just a fintech brand. It’s infrastructure.

    Financially, PhonePe is showing signs of discipline, even if profitability remains a work in progress. In regulatory filings ahead of the IPO, the company reported that its losses narrowed to 17.2 billion rupees for the year ended March 2025. A year earlier, losses stood at 19.96 billion rupees.

    That direction matters. Investors are no longer chasing growth at any cost. They want scale, yes, but they also want a credible path to sustainability. PhonePe seems to be getting the message.

    The broader context strengthens the case. India’s digital payments ecosystem has matured rapidly, driven by government-backed UPI rails, smartphone penetration, and behavioural shifts accelerated by the pandemic. PhonePe has ridden that wave better than anyone else.

    Still, the IPO will test public market sentiment toward fintech business models that rely heavily on transaction volume rather than fat margins. That’s where execution, pricing discipline, and narrative will matter.

    For Walmart, the IPO represents an opportunity to unlock value from one of its most successful India bets. For Indian markets, it’s another signal that homegrown tech champions are ready to be judged on global standards.

    For everyday users, it’s simpler. The app you use to pay for chai is about to face the scrutiny of Dalal Street.

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