Category: Business

  • CG Developers India and MLA Group Announce Signing of JW Marriott Hotel Siliguri with Marriott International

    New Delhi [India], June 10: CG Developers India, along with MLA Group, Siliguri, as an equal partner in the project, announced the signing of JW Marriott Hotel Siliguri with Marriott International at a signing ceremony held in Kathmandu, Nepal.

    The signing marks an important milestone in CG Developers India’s hospitality expansion journey and reflects its continued vision to bring globally benchmarked hospitality experiences to high-potential destinations across India. The announcement was made during an international event attended by senior leadership, industry stakeholders, partners, and members of the media.

    Rooted in mindful luxury, JW Marriott Hotel Siliguri is envisioned as a serene sanctuary for the mind, body, and spirit, bringing the brand’s signature warmth, intuitive service, and refined design to the tranquil landscape of Siliguri. Set against the foothills of the Himalayas, in a city widely known as the gateway to Northeast India, the hotel is expected to offer a seamless connection to both place and purpose.

    The design plans for the hotel include 150 thoughtfully designed guest rooms and suites, along with wellness spaces that invite guests to pause, relax, and reconnect with the present. The property is slated to feature four distinct dining venues, including a specialty restaurant, along with a signature Spa by JW, an outdoor swimming pool, and a fully equipped fitness centre.

    In addition, JW Marriott Hotel Siliguri is planned to offer approximately 1,500 square meters of banquet space, making it well-suited for corporate meetings, social gatherings, and private celebrations. Conveniently located just 10 kilometers from Bagdogra Airport, the hotel will serve as a restorative retreat that balances effortless access with a profound sense of calm.

    Speaking on the announcement, Varun Chaudhary, Managing Director, CG Developers India, said, “JW Marriott Hotel Siliguri represents an important step in our vision to develop world-class hospitality destinations in high-potential markets across India. Siliguri’s strategic location as a gateway to Northeast India, Nepal, Bhutan, and the wider region makes it a promising destination for both business and leisure travel. Together with MLA Group, our equal partner in this project, we aim to create a landmark hospitality destination that contributes to the region’s tourism growth, generates meaningful economic opportunities, and brings globally benchmarked luxury hospitality experiences to Siliguri.”

    Speaking on the partnership, Sushil Agarwal, Managing Director, MLA Group, said, “We are proud to partner with CG Developers India on this landmark hospitality project for Siliguri. As a city that continues to grow in importance as a gateway to Northeast India and neighbouring regions, Siliguri holds tremendous potential for premium hospitality, business travel, and destination-led experiences. JW Marriott Hotel Siliguri will not only elevate the city’s hospitality offering but also create new opportunities for tourism, employment, and regional development. For MLA Group, this partnership reflects our commitment to contributing meaningfully to Siliguri’s growth story.”

    The signing of JW Marriott Hotel Siliguri further reinforces the growing collaboration between CG Developers India and Marriott International. With Siliguri’s strategic location and rising importance as a regional travel, business, and tourism hub, the upcoming hotel is expected to play a meaningful role in elevating the city’s hospitality landscape.

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  • Jainson Cables India Marks a New Phase of Growth and Global Expansion

    Jainson Cables India strengthens its global reach, driving growth through exports, quality, and innovation.

    Ahmedabad (Gujarat) [India], June 10: Jainson Cables India, a longstanding player in India’s cable manufacturing sector, has entered a decisive expansion phase, strengthening its global footprint, diversifying its product offerings, and aligning its growth strategy with evolving industrial demands. The company’s strategic initiatives reflect sustained export performance and engineering precision developed over four decades.

    Global Presence, Export Recognition, and Certified Manufacturing

    Founded in 1978 in Ahmedabad, Gujarat, Jainson Cables has steadily expanded its reach beyond domestic markets, becoming a trusted supplier of electrical cables in more than 80 countries worldwide. This extensive export network is supported by the company’s Three Star Export House status, an official recognition by the Government of India that underscores consistent export performance.

    Over the years, Jainson Cables has received multiple Export Excellence Awards from EEPC India under the Ministry of Commerce & Industry, affirming its export capabilities and contributions to India’s industrial exports.

    In addition to its export achievements, Jainson’s global acceptance is reinforced by a structured certification framework that supports its manufacturing and quality systems. The company operates under internationally recognised standards, including:

    • ISO 9001:2015
    • ISO 14001:2015
    • ISO 45001:2018
    • CE
    • BIS
    • WRAS
    • RoHS
    • ARAI recognition
    • REACH

    These certifications strengthen Jainson’s credibility across regulated international markets and reflect its emphasis on process discipline, product reliability, and responsible manufacturing practices.

    Technical Standards and Compliance-Driven Manufacturing

    A defining factor in Jainson Cables India’s growth trajectory is its structured alignment with national and international technical standards. As export markets become increasingly compliance-focused, the company has built its manufacturing and validation systems around adherence to IS specifications and benchmarks.

    Each product category undergoes defined electrical and mechanical validation processes, and a systematic approach ensures that products meet performance parameters required across industrial, infrastructure, and renewable energy applications.

    This compliance-driven manufacturing model strengthens the company’s credibility in regulated markets and reinforces confidence among global distributors, OEMs, and project contractors.

    By embedding standards alignment into its operational framework, Jainson Cables positions itself not merely as a volume exporter but as a technically dependable manufacturing partner in competitive international markets.

    Expanded Product Portfolio Aligned with Manufacturing Capability

    As part of its ongoing growth trajectory, Jainson Cables has broadened its manufacturing portfolio to strengthen its position across multiple electrical application segments. Alongside its established cable categories, the company has introduced additional product lines that reflect its expanding production capabilities and market responsiveness. This balanced mix of existing and newer offerings demonstrates Jainson’s ability to scale without shifting away from its core engineering and manufacturing focus.

    The company’s portfolio now covers both established and newly added product categories, including:

    Existing product segments:

    • Industrial and flexible cables
    • Power and control cables
    • Submersible and winding wire solutions
    • Welding Cables
    • Harmonized Cables
    • Solar cable solutions

    Newly introduced product categories:

    • Automotive wires
    • Power cords
    • Battery cables
    • Braided Screened Cables

    This product development is supported by an integrated in-house manufacturing process that includes conductor processing, insulation extrusion, and structured testing. With advanced machinery and controlled production workflows, Jainson ensures consistency in electrical parameters, dimensional precision, and reliability across batches, reinforcing its readiness to meet broader domestic and export demand.

    Future Plans: Scaling Innovation and Global Outreach

    Looking forward, Jainson Cables has outlined strategic priorities that include deepening its presence in existing export markets and entering new regions where infrastructure investment is accelerating. Central to this push is the company’s participation in global industry events and expos, which serve both as platforms for showcasing product innovations and as conduits for technical engagement with international partners.

    Investment in testing capabilities and quality assurance continues to be a core commitment. Maintaining consistent electrical and mechanical performance across batches is essential as the company scales its offerings for larger industrial and international projects.

    Additionally, the company is actively strengthening its supply chain and compliance frameworks to align with specific country requirements in global markets, ensuring that its products are not only high-quality but also compliant with local standards.

    Operational Excellence and Quality Assurance

    Operational excellence at Jainson Cables is rooted in completely integrated manufacturing and testing processes. Advanced copper drawing, insulation extrusion, and structured laboratory validation ensure that cables meet performance thresholds across safety, durability, and functionality.

    The focus on quality is matched by adherence to relevant standards, enabling the company’s products to align with both Indian and global testing benchmarks, an important differentiator in competitive international markets.

    Jainson Cables India’s four-decade journey from a domestic manufacturer to a globally recognised cable solutions provider reflects a consistent commitment to engineering excellence, compliance-driven manufacturing, and strategic market expansion. With a presence in over 80 countries, a robust certification framework, and a continuously evolving product portfolio, the company has positioned itself as a technically dependable partner for industrial, infrastructure, and renewable energy applications worldwide.

    As global demand for reliable, standards-compliant electrical solutions continues to grow, Jainson Cables India’s is well-equipped to meet that demand – backed by advanced manufacturing infrastructure, strengthened supply chains, and a clear vision for sustainable growth. The company’s ongoing investments in quality assurance, product innovation, and international market development signal not just readiness for the next phase of expansion, but a firm resolve to raise the benchmark for Indian cable manufacturing on the global stage.

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  • How to Start a Laundry Business in India: A Complete 2026 Guide for Entrepreneurs

    How to Start a Laundry Business in India: A Complete 2026 Guide for Entrepreneurs

    Hands-On Training on Commercial Laundry and Dry Cleaning Machines at Global Institute of Laundry Management (GILM), India’s Professional Laundry Education & Certification Academy

    New Delhi [India], June 10: India’s laundry and dry cleaning industry is rapidly emerging as one of the most promising service-based business sectors in the country. With rising urbanization, busy lifestyles, dual-income households, and growing demand for convenience, professional laundry services are witnessing strong growth across metro cities as well as Tier 2 and Tier 3 markets.

    Today, consumers are increasingly looking for reliable garment care solutions that offer hygiene, fabric safety, convenience, and timely delivery. This shift in consumer behavior is creating major opportunities for entrepreneurs planning to enter the laundry business in India.

    However, industry experts believe many people still underestimate the complexity of the sector.

    According to professionals associated with Global Institute of Laundry Management (GILM), one of the biggest mistakes entrepreneurs make is assuming laundry is a “simple business.” In reality, modern laundry operations involve fabric science, stain treatment systems, machine handling, chemical balancing, workflow optimization, customer experience management, and quality control processes.

    “Laundry today is no longer a small traditional business. It is becoming a professionally managed service industry driven by systems, operational efficiency, and customer trust,” says Himanshu Sehrawat, industry expert associated with GILM.

    As a result, people searching for “how to start laundry business in India” are no longer looking only for washing machines and shop rental costs. They are actively searching for structured business guidance, operational systems, practical exposure, and professional training.

    Industry professionals say India’s organized laundry market still has massive untapped potential, particularly in residential societies, corporate hubs, hotels, hospitals, salons, student housing zones, and premium urban neighborhoods.

    For entrepreneurs planning to enter the sector, understanding the actual laundry business cost in India is one of the first important steps. Depending on the city, business model, and scale of operations, a professional setup may require investment in commercial washing machines, dryers, steam irons, boilers, dry cleaning machines, water treatment systems, packaging infrastructure, and manpower training.

    However, experts repeatedly emphasize that machinery alone does not guarantee success.

    “Many entrepreneurs invest heavily in machines but ignore operational training. That often becomes expensive later,” says a senior trainer associated with GILM. “Without proper operational understanding, businesses face garment damage issues, customer complaints, rewash losses, high chemical consumption, inconsistent finishing quality, and low customer retention.”

    This growing awareness is one of the key reasons why demand for laundry training courses in India and dry cleaning courses in India has increased significantly over the last few years.

    Entrepreneurs today increasingly prefer learning the business before launching their stores.

    Professional laundry training now extends far beyond basic washing techniques. Modern programs cover stain removal systems, fabric identification, dry cleaning processes, steam finishing methods, workflow management, packaging standards, customer handling, pricing strategies, quality control systems, and business operations.

    Institutions offering commercial laundry training and laundry management courses are also seeing rising interest from existing laundry store owners who want to modernize traditional setups into organized service businesses.

    Another major trend reshaping the industry is the growing importance of branding and customer experience. Organized laundry businesses are increasingly focusing on pickup and delivery systems, garment tracking technology, mobile applications, hygiene-focused operations, premium packaging, and faster turnaround times.

    Experts believe today’s consumers are willing to pay more for reliability, convenience, professional finishing, and fabric safety.

    A professional laundry business in India typically requires operational training, machine understanding, stain removal knowledge, workflow systems, customer service processes, and quality control mechanisms to achieve long-term profitability and scalability.

    For first-time entrepreneurs, preparing a structured laundry business plan in India is becoming increasingly important. A well-planned business strategy helps estimate setup costs, operational expenses, expected profit margins, local market demand, staffing requirements, and service positioning.

    Industry experts also recommend learning directly from institutes connected with real operational laundry businesses instead of purely theoretical educational programs. Practical exposure, live machine handling, and real-time stain removal training can significantly reduce beginner-level operational mistakes.

    With changing lifestyles and increasing demand for convenience-based services, India’s laundry and dry cleaning sector is expected to continue expanding steadily over the next decade. From premium laundromats to pickup-and-delivery models and technology-enabled laundry services, the industry is opening new opportunities for entrepreneurs seeking scalable service businesses with recurring customer demand.

    As awareness around professional garment care continues to grow, experts believe trained operators and professionally managed businesses will lead the next phase of growth in the Indian laundry industry.

    For aspiring entrepreneurs, the message is becoming increasingly clear: success in the laundry and dry cleaning business is no longer just about owning machines — it is about understanding systems, quality, customer trust, operational excellence, and professional business management.

    For more information, visit: https://globalinstituteoflaundrymanagement.com/

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  • Horizon Reclaim (India) Limited announces IPO; price band fixed at Rs 98 – Rs 103 per share

    Horizon Reclaim (India) Limited announces IPO; price band fixed at Rs 98 – Rs 103 per share

    New Delhi [India], June 9: Horizon Reclaim (India) Limited is engaged in the manufacturing of reclaimed rubber derived from used rubber materials such as old tyres, rubber tubes, tread peelings, and industrial scrap, including EPDM (Ethylene Propylene Diene Monomer).

    The Company is hitting the capital markets with a 100% fresh issue IPO of 52,69,200 Equity Shares on BSE SME, aiming to raise ₹54.27 Crore at a price band of ₹98-₹103 per share. The anchor investor date is June 11, 2026, and the issue will be open for public subscription from June 12 to June 16, 2026

    Book Running Lead Manager: GYR Capital Advisors Private Limited.

    Issue Structure

    • Total Issue Size: Up to 52.69 lakh equity shares (100% fresh issue) 
    • Market Maker Portion: Up to 2.64 lakh equity shares 
    • Anchor Investor Portion: Up to 15.01 lakh equity shares 
    • Net QIB Portion: Up to 10.01 lakh equity shares 
    • Non-Institutional Investors: Not less than 7.51 lakh equity shares 
    • Individual Investors: Not less than 17.52 lakh equity shares 

    Utilisation of Net Proceeds

    Funding the working capital requirements of our Company Upto ₹ 600.00 Lakhs
    Pre-payment or Repayment of all or a portion of certain outstanding borrowings availed by our Company Upto ₹ 2,670.00 Lakhs
    Funding Capital Expenditure for the installation of additional Plant & Machinery Upto ₹943.00 Lakhs
    General corporate purposes [●]

    Financial Highlights

    Particulars FY2026 FY2025 FY2024
    Revenue from Operations (₹ Lakhs) 4,942.08 3,621.61 2,032.71
    EBITDA (₹ Lakhs) 1,632.14 1,046.29 116.90
    EBITDA Margin (%) 32.64% 28.75% 5.72%
    PAT (₹ Lakhs) 1,050.06 706.72 71.14
    PAT Margin (%) 21.25% 19.51% 3.50%
    Net Worth (₹ Lakhs) 2,482.87 1,432.81 726.09
    Return on Equity 53.63% 65.47% 10.30%

    About Horizon Reclaim

    Incorporated in 2006, Horizon Reclaim (India) Limited is an integrated rubber recycling and manufacturing company engaged in processing recycled rubber waste such as used tyres, tubes, tread peelings, and industrial rubber scrap into reclaimed rubber products. The company operates its manufacturing facility at Bhagwanpur, Haridwar, Uttarakhand (Unit I) and has undertaken expansion through Unit II (Rajkot, Gujarat) and Unit III (Bhagwanpur, Haridwar).

    Horizon Reclaim manufactures natural rubber reclaim, synthetic rubber reclaim and crumb rubber, which are used as alternatives to natural and synthetic rubber across industrial and infrastructure applications. The company is ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified and RoHS compliant, focused on quality, environmental management, and occupational health and safety.

    • Expansion through Pyrolysis (Waste-to-Energy):
       The company has undertaken expansion through Unit II at Rajkot, Gujarat, proposed to be engaged in tyre pyrolysis for the production of pyrolysis oil, carbon char, and recovered steel
    • CPCB Registration & EPR Framework: Registered with the Central Pollution Control Board (CPCB) as a Waste Tyre Recycler, enabling participation in India’s regulated recycling and extended producer responsibility (EPR) framework.

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  • Crown Defence Announces Strategic Pivot Toward Shipbuilding and System Integration; Deepens Strategic Operations at Kattupalli, Cochin, and GRSE

    Crown Defence Announces Strategic Pivot Toward Shipbuilding and System Integration; Deepens Strategic Operations at Kattupalli, Cochin, and GRSE

    New Delhi [India], June 9: In a move that signals a profound shift in the regional maritime industrial landscape, Crown Defence has announced a major strategic expansion designed to transition the group from a premier maintenance specialist into a comprehensive shipbuilding and complex system integration powerhouse. This evolution, backed by nearly half a century of technical expertise, positions the group as a central architect in India’s maritime sustainment ecosystem, now extending into the high-stakes domain of naval weaponry and heavy-duty shipbuilding support.

    Since its inception in 1978, Crown Defence has meticulously built a forty-five-year legacy of engineering excellence. While historically a silent guardian of the Indian Navy’s operational readiness, the group’s new trajectory sees it stepping into the limelight as an integrated solutions provider. This transition is being spearheaded by its core maritime subsidiaries: Dynatron Services Pvt. Ltd. (DSPL), a leader in propulsion and precision engineering, and OSK India Pvt. Ltd. (OIPL), the authorized Indian partner for JSC United Shipbuilding Corporation.

    The group’s operational footprint has now intensified across India’s almost all existing shipbuilding yards in the country, evolving from maintenance into shipbuilding. Central to this expansion is the group’s heightened activity at L&T’s Kattupalli Shipyard, where Crown Defence is currently building sophisticated hull blocks for major naval projects. At Cochin Shipyard Limited (CSL), the group’s expertise has moved into modular block construction, supporting India’s most ambitious indigenous shipbuilding programs.

    Simultaneously, the group has deepened its integration with Garden Reach Shipbuilders & Engineers (GRSE) and Mazagon Dock Shipbuilders Limited (MDL), focusing on complex hull block construction and turnkey engineering solutions for upcoming frontline warships. This construction prowess is further complemented by specialized mechanical integration; the group is currently executing the installation of auxiliary machinery for the Next Generation Offshore Patrol Vessel (NGOPV) projects and the installation of critical hull equipment for Indian Navy frigates at Goa Shipyard.

    The group’s technical pedigree is best illustrated by its historical role in sustaining the nation’s most prestigious naval platforms. Crown Defence famously undertook the complex guarantee refits for the aircraft carrier INS Vikramaditya, successfully indigenizing the repair of critical pumping and firefighting systems. This expertise extends beneath the surface as well, with a long-standing track record in the refit and electronics modernization of EKM-class submarines. Today, this capability is deployed across twelve major facilities, from the bustling docks of Mumbai and Visakhapatnam to specialized units in Goa and Karwar.

    A critical pillar of this expansion is the group’s enhanced capability in Weapon Systems Integration. Moving beyond structural support, Crown Defence is now a lead integrator for lethal shipborne assets. This includes the seamless installation, calibration, and “sensor-to-shooter” alignment of advanced missile launchers, gun mounts, and torpedo tubes. By bridging hardware and software, the group ensures that sophisticated weaponry is fully synchronized with a vessel’s Combat Management System (CMS), providing a unified tactical interface.

    To anchor this expansion, Crown Defence is aggressively pursuing the acquisition of dedicated shipyard infrastructure. By evaluating strategic collaborations and direct acquisitions, the group aims to secure its own dry docks, fabrication facilities, and berthing spaces. This move follows a successful tie-up with Square Port Shipyard for tanker manufacturing, underscoring an intent to control the entire lifecycle of a vessel, from the first weld of a hull block to final weapon system outfitting.

    The group’s technological depth remains its primary competitive advantage. Through DSPL, it provides sophisticated support for ZF gearboxes and advanced control systems, while OIPL serves as an elite electronics hub. Over the past five years alone, OIPL has repaired more than one thousand complex electronic modules for Radar RF, Electronic Warfare, and weapon control systems. Aligning with “Atmanirbhar Bharat,” the group is in high-level discussions to localize the production of Integrated Bridge Systems and Reverse Osmosis Plants.

    “India’s maritime needs have evolved from simple platform construction to long-term, high-tech sustainment and lethal integration,” noted Commodore Rakesh Anand (Retd.), Head of Marine at Crown Defence and former Chairman and Managing Director of Mazagon Docks Limited. He emphasized that the move into turnkey refits and modular construction, especially at strategic hubs like Kattupalli, Cochin, and Goa, is a natural progression for a group that already understands the intricate DNA of naval vessels.

    Vice Admiral Paras Nath (Retd.), Group President, further observed that maritime readiness depends on the ability to upgrade and arm platforms efficiently. By reducing foreign dependency and shortening turnaround times, Crown Defence is ensuring that the nation’s frontline fleet remains mission-ready.

    Looking toward the 2026-2027 horizon, the group’s roadmap is clear. Crown Defence intends to scale its participation in lead-contractor roles for major vessel modernizations and weapon upgrades while finalizing the infrastructure partnerships necessary to house its growing operations. As a multi-domain conglomerate with over two hundred veteran defense specialists, Crown Defence remains committed to bridging the gap between sophisticated engineering and combat-ready naval power.

    For more information

    Visit: www.crowncorp.in

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  • UAV Marketplace Expands Its Presence in India’s Drone Industry

    UAV Marketplace Expands Its Presence in India’s Drone Industry

    New Delhi [India], June 09: UAV Marketplace is a technology-driven platform focused on the drone and unmanned aerial vehicle (UAV) industry. The company serves customers across India and is known for providing a streamlined and reliable sourcing ecosystem for drone components, accessories, and related hardware.

    With the rapid growth of the drone industry in India, the demand for high-quality and easily accessible UAV parts has increased significantly. UAV Marketplace aims to bridge the gap between manufacturers, suppliers, and end users by offering a centralized platform where customers can find a wide range of drone components such as flight controllers, motors, ESCs, frames, sensors, batteries, and other essential accessories required for UAV development and operations.

    Traditionally, the UAV industry has faced challenges such as fragmented supply chains, inconsistent product availability, lack of standardization, and difficulty in sourcing genuine components. UAV Marketplace addresses these challenges by bringing verified suppliers and products under one platform, making the procurement process more efficient, transparent, and reliable for customers across different sectors including agriculture, mapping, surveillance, logistics, research, and industrial applications.

    With a focus on improving accessibility and efficiency in UAV procurement, UAV Marketplace aims to enhance customer experience through a structured and technology-enabled marketplace model. The platform is designed to support drone manufacturers, startups, engineers, and hobbyists by reducing the time and effort required to source critical components. This allows users to focus more on innovation and development rather than supply chain limitations.

    The company continues to grow its presence in the market by offering a wide range of UAV products tailored to customer needs. By collaborating with multiple suppliers and manufacturers, UAV Marketplace ensures that customers have access to diverse options across different price ranges and specifications. This approach helps improve flexibility and supports the growing demand for customized drone solutions in India.

    In addition to product availability, UAV Marketplace is also working towards building a more organized UAV ecosystem in India. The platform is aligned with the increasing adoption of drone technology across various industries and aims to play a key role in strengthening the supply infrastructure required to support this growth.

    A spokesperson from UAV Marketplace shared that the company is committed to building a reliable and scalable UAV supply network that supports India’s expanding drone ecosystem. The vision of the company is to simplify UAV procurement and make high-quality drone components accessible to everyone, from startups to established enterprises. The spokesperson also highlighted that UAV Marketplace aims to become a trusted partner in the UAV industry by focusing on transparency, efficiency, and customer satisfaction.

    As the drone industry continues to evolve, UAV Marketplace is positioning itself as a key contributor to the digital transformation of UAV procurement in India. The company is actively working towards expanding its network, improving service quality, and introducing more advanced solutions to meet the growing demands of the market.

    Website: https://www.uavmarketplace.in/
    Instagram: https://www.instagram.com/uavmarketplace
    Contact: support@uavmarketplace.in

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  • AM/NS India and IIT Roorkee Sign Strategic MoU to Advance Education, Research, and Innovation in Manufacturing and Steel Technologies

    AM/NS India and IIT Roorkee Sign Strategic MoU to Advance Education, Research, and Innovation in Manufacturing and Steel Technologies

    Hazira/Surat (Gujarat) [India], June 9: ArcelorMittal Nippon Steel India (AM/NS India) and Indian Institute of Technology Roorkee (IIT Roorkee) have signed a strategic Memorandum of Understanding (MoU) to collaborate across education, research, innovation, and industry engagement.

    • Partnership aims to strengthen industry-academia collaboration, accelerate workforce transformation, and undertake applied research to facilitate India’s industrial growth.
    • AM/NS India to leverage its industry-integrated educational initiative, NAMTECH (New Age Makers’ Institute of Technology), to drive joint education, research, innovation, and industry-engagement initiatives under the collaboration.

    The partnership brings together the industrial expertise and global manufacturing footprint of AM/NS India and the academic and research excellence of IIT Roorkee to create a platform for advancing talent development, applied research, technology innovation, and industrial competitiveness.

    Under the framework of the MoU, the partners will explore opportunities across:

    • Joint development and delivery of academic programs, executive education, professional development courses, and workforce transformation initiatives
    • Industry-focused consulting, technical advisory services, problem-solving engagements, and technology assessments
    • Collaborative research, innovation, technology development, publications, intellectual property creation, and technology transfer initiatives.

    AM/NS India will utilise NAMTECH, its industry-integrated education initiative, as a platform to fulfil the partnership’s objectives across talent development, applied research, innovation, and industry engagement. Established to bridge the gap between academia and industry, NAMTECH brings together experiential learning, industry-led curricula, and real-world problem solving to create future-ready talent and accelerate the translation of research into industrial impact.

    The partnership reflects a shared commitment to building future-ready talent and strengthening India’s capabilities in advanced manufacturing and industrial innovation. It is expected to create opportunities for students, researchers, faculty, and industry professionals to work together on real-world challenges and contribute to the country’s long-term industrial and economic growth.

    Speaking on the occasion, Mr. Dilip Oommen, CEO, AM/NS India, said: “India’s industrial transformation will require deep collaboration between industry and academia. Through this strategic collaboration with IIT Roorkee and leveraging NAMTECH as our industry-integrated education and innovation platform, we aim to build future-ready talent, accelerate applied research, and develop impactful solutions that strengthen the competitiveness and sustainability of India’s manufacturing and steel sectors.”

    Dr. K.K. Pant, Director, IIT Roorkee, said: “This collaboration marks an important step in translating academic research into industry-relevant outcomes. By combining IIT Roorkee’s research strengths with the industrial expertise of AM/NS India and the industry-integrated learning ecosystem of NAMTECH, we aim to advance sustainability in alignment with Viksit Bharat vision through practical, scalable, and implementable solutions driven by education, technology development and deployment, and innovation.”

    Mr. Sanjay Sharma, Member Board of Directors, NAMTECH, added: “NAMTECH was established to redefine and strengthen the way manufacturing and academia collaborate in preparing talent for the future. This partnership will further enable the creation of new pathways for experiential learning, applied research, and innovation-driven outcomes that are closely aligned with evolving industry needs and priorities.”

    The MoU establishes a long-term framework for collaboration and creates a platform for sustained engagement between industry and academia to develop talent, accelerate innovation, and address emerging challenges facing India’s manufacturing and steel sectors.

  • PAN HR Solutions Reports Strong H2 FY26 & FY26 Performance

    PAN HR Solutions Reports Strong H2 FY26 & FY26 Performance

    H2 FY26 Revenue Grows 28% YoY | Net Profit Surges 158% YoY Driven by Operational Efficiency and Scale Expansion

    New Delhi [India], June 9: PAN HR Solutions Limited (BSE – SME: 544698), a provider of manpower outsourcing, staffing, payroll management, facility management and compliance solutions, announced its financial results for H2 FY26 and FY26.

    Key Financial Highlights 

    Particulars H2 FY26 H2 FY25 % Growth
    Total Income (₹ Lakhs) 12,656.59 9,885.11 28.04%
    EBITDA (₹ Lakhs) 486.89 374.85 29.89%
    EBITDA Margin (%) 3.85% 3.79% 5 Bps
    Net Profit (₹ Lakhs) 432.20 167.79 157.58%
    Net Profit Margin (%) 3.41% 1.70% 172 Bps
    EPS (₹) 7.64 3.10 146.45%
    Particulars FY26
    Total Income (₹ Lakhs) 23,525.76
    EBITDA (₹ Lakhs) 855.83
    EBITDA Margin (%) 3.64%
    Net Profit (₹ Lakhs) 750.29
    Net Profit Margin (%) 3.19%
    EPS (₹) 13.26
    • Net Worth: ₹3,751.18 Lakhs
    • Cash & Bank Balance: ₹2,433.61 Lakhs
    • Debt-Free Balance Sheet with finance cost of only ₹3.21 Lakhs

    Other Key Highlights:

    • Maintained workforce deployment base exceeding 10,000 personnel across client locations.
    • Continued servicing leading clients across e-commerce, quick commerce, logistics, manufacturing, and facility management sectors.
    • Successfully completed BSE SME IPO during FY26, raising ₹1,404 Lakhs and significantly strengthening the Company’s balance sheet.
    • Maintained strong compliance standards with timely statutory payments and payroll processing across operations.
    • Initiated transition towards the Pay & Collect operating model, expected to support larger client engagements and future growth.

    Performance Drivers

    • FY26 profitability improvement was primarily driven by operational restructuring, employee cost rationalisation, productivity enhancement, and disciplined cost management.
    • Employee benefit expenses reduced from ₹789.94 Lakhs in FY25 to ₹493.19 Lakhs in FY26, reflecting optimisation of managerial remuneration, improved productivity per associate, and organisational restructuring following the IPO process.
    • The Company also benefited from a virtually debt-free balance sheet, resulting in finance costs of only ₹3.21 Lakhs during FY26. Lower depreciation and improved tax efficiency further supported profitability growth.
    • Despite a moderation in revenue due to contract repricing and billing cycle adjustments, the Company maintained a stable deployment base of over 10,000 personnel and improved overall profitability through operational discipline and efficient resource utilisation.

    Industry Presence

    • PAN HR Solutions continues to maintain a strong presence across:
    • E-commerce and Warehousing
    • Quick Commerce
    • Logistics and Last-Mile Operations
    • Industrial and Manufacturing Services
    • Facility Management Services

    The Company serves workforce requirements across fulfilment centres, warehouses, logistics hubs, industrial facilities, and corporate establishments.

    Growth Outlook

    • Management expects FY27 growth to be supported by:
    • Deployment of IPO proceeds towards working capital expansion.
    • Expansion of the Pay & Collect business model.
    • Growth in quick commerce and e-commerce workforce demand.
    • Entry into additional geographies and industry verticals.
    • Expansion of higher-margin services such as payroll outsourcing, compliance management, and HR consulting.

    Mr. Rajeev Kumar – Managing Director & CEO, PAN HR Solutions Limited, said: “FY26 was an important year for PAN HR Solutions as we strengthened our balance sheet, completed our public listing, and enhanced operational efficiency across the organisation. While the year witnessed revenue moderation due to contract repricing and billing-cycle adjustments, we delivered strong growth in profitability through disciplined cost management, productivity improvements, and organisational restructuring. The successful IPO has provided us with a strong liquidity position that will support working capital expansion and accelerate our transition towards the Pay & Collect model. We continue to maintain a workforce deployment base of over 10,000 personnel and remain focused on deepening relationships with existing clients while expanding into new sectors and geographies. As demand for organised workforce solutions continues to grow across e-commerce, quick commerce, logistics, and industrial sectors, we believe PAN HR Solutions is well positioned to capture emerging opportunities and create long-term value for stakeholders.”

    About PAN HR Solutions Limited

    PAN HR Solutions Limited is engaged in providing comprehensive human resource management and workforce solutions to businesses across India. The Company offers manpower recruitment, staffing solutions, payroll management, facility management services, and compliance auditing services. Operating on a B2B model, PAN HR Solutions caters to diverse industries by providing end-to-end workforce management solutions ranging from unskilled to skilled manpower deployment.

    Disclaimer: Certain statements in this document that are not historical facts are forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, like government actions, local, political, or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

  • Happy Square Outsourcing Services Limited Announces H2 FY26 & FY26 Results

    Happy Square Outsourcing Services Limited Announces H2 FY26 & FY26 Results

    Jabalpur (Madhya Pradesh) [India], June 9: Happy Square Outsourcing Services Limited (NSE: WHITEFORCE), a leading workforce solutions and outsourcing services company, announced its Audited Financial Results for H2 FY26 & FY26.

    The Company delivered a stable performance during the period, supported by strong demand for staffing solutions, expansion across geographies, and continued investments in its technology-driven recruitment platform. Growth was driven by increasing client additions, higher platform engagement, and a scalable, asset-light operating model.

    Key Financial Highlights

    Particulars H2 FY26 ( Lakhs) FY26 ( Lakhs)
    Total Income 6,650.58 10,988.36
    EBITDA 510.25 786.38
    PAT 421.45 598.38

    Operational Highlights – FY26

    • Maintained industry-leading ~60-hour turnaround time (TAT), enabling rapid and efficient PAN-India recruitment delivery
    • Achieved 12.49% YoY growth in Total Income, reaching 109.88 Crore in FY26
    • Delivered 35.92% YoY growth in Total Income during H2 FY26, reflecting strong business momentum
    • Reported 27.20% YoY growth in H2 FY26 Net Profit, demonstrating improved profitability and operational execution
    • Continued expansion of high-margin Recruitment Process Outsourcing (RPO) services driven by tech-enabled execution
    • Expanded geographical footprint with presence across 20+ states, supported by participation in GeM and multi-state operations
    • Served 300+ corporate clients across sectors, reinforcing strong client retention and diversified demand base
    • Secured 25 tenders during Q4 FY26 with a total order inflow of ₹24.13 Crore, reflecting strong execution capabilities and growing government participation
    • Won 7 new tenders aggregating ₹12.09 Crore, while securing 18 contract extensions worth ₹12.03 Crore, demonstrating strong client retention and recurring business visibility

    Management’s Comment

    Commenting on the performance, Mrs. Shraddha Rajpal, Promoter & Managing Director, stated:

    “Our performance in H2 and FY26 reflects the resilience of our business model, the strength of our client relationships, and the growing adoption of our technology-driven recruitment platform. Strong revenue growth during the period was supported by expanding client engagements, higher platform activity, and our ability to deliver efficient workforce solutions across diverse industries and geographies.”

    “We continue to invest in digital capabilities, strengthen our talent network, and enhance operational efficiencies to meet evolving customer requirements. With a robust pipeline, growing demand for staffing and RPO services, and a scalable technology-led platform, we are well-positioned to capitalize on emerging opportunities while maintaining our focus on sustainable growth and long-term value creation.”

    About Happy Square Outsourcing Services Limited

    Happy Square Outsourcing Services Limited, operating under its brand White Force, is an integrated HR outsourcing and staffing solutions provider offering services including temporary staffing, permanent recruitment, payroll processing, and compliance management.

    With a strong digital hiring platform and presence across multiple states, the Company delivers scalable, technology-driven workforce solutions across sectors such as FMCG, retail, logistics, manufacturing, and healthcare.

    The Company serves a diversified client base across both private and government sectors. Its private sector clientele includes:

    Its government sector clients include the Indian Institute of Millets Research, DRDO, MPPTCL, Bharat Dynamics Limited, and Bharat Petroleum Corporation Limited, reflecting its strong capabilities in delivering workforce solutions across diverse industries and institutions.

    Disclaimer: Certain statements in this document that are not historical facts are forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, like government actions, local, political, or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

  • Steelcase India launches ‘Made in India Fabric’ collection to strengthen local sourcing and workplace design innovation

    Steelcase India launches ‘Made in India Fabric’ collection to strengthen local sourcing and workplace design innovation

    New Delhi [India], June 09:  Steelcase India has announced the launch of its new ‘Made in India’ Fabric Collection, a locally curated and sourced range developed to address the changing needs of modern workplaces. Inspired by Indian textures, colours, and cultural influences, the collection reflects the company’s focus on combining workplace functionality with thoughtful and regionally relevant design.

    The launch comes at a time when organisations across sectors are re-evaluating workplace environments to better support employee experience, collaboration, flexibility, and overall productivity. As hybrid work models and evolving office strategies continue to shape workplace planning, companies are increasingly investing in interiors and materials that help create more engaging and adaptable workspaces.

    According to Steelcase India, the newly introduced collection has been designed to offer fabrics and colour palettes that align with contemporary workplace requirements while also drawing inspiration from India’s cultural richness and craftsmanship traditions. The company stated that the collection seeks to balance aesthetics, comfort, and performance across a wide range of office applications.

    Steelcase India said the collection introduces five distinct colour themes — Sandstone, Spice Market, Royal Heritage, Sacred Groove, and Festive Light. These themes have been developed to represent different moods, workplace settings, and visual experiences.

    Sandstone focuses on earthy and neutral tones inspired by natural textures, helping create calm and balanced environments suited for focused work. Spice Market reflects vibrant colours influenced by India’s traditional marketplaces and energetic urban culture, designed to encourage interaction and collaboration. Royal Heritage takes inspiration from classic Indian architecture and regal aesthetics, offering richer tones intended for premium workplace settings.

    The Sacred Groove theme incorporates softer and restorative shades aimed at creating spaces that feel comfortable and grounded, while Festive Light introduces brighter colour combinations designed to add warmth and energy to workplace interiors. According to the company, these themes are intended to support varied workplace functions while contributing to visually cohesive office environments.

    Steelcase India noted that the collection has also been developed with employee well-being and inclusive workplace experiences in mind. The company stated that colour and material selection can influence how people interact with their surroundings, particularly in workplaces designed for different styles of work, including individual focus, team collaboration, informal meetings, and social interaction.

    The India Fabric Program includes multiple locally sourced fabric lines such as Cara, Mars, Jute, Omni-R, Otto, Punch, and TaanaBaana. According to Steelcase India, these fabrics are engineered for workplace applications including task seating, soft seating, and vertical surfaces across the company’s portfolio.

    The company further stated that the collection spans multiple price groups, enabling organisations to choose solutions suited to different workplace formats and design requirements. By sourcing materials locally, the initiative also aligns with broader industry trends toward localisation, operational efficiency, and regionally relevant workplace solutions.

    The launch reflects the growing importance of workplace design in shaping employee engagement and organisational culture. In recent years, businesses have increasingly viewed office spaces not only as functional environments but also as spaces that influence creativity, collaboration, and employee satisfaction. Workplace design strategies are now being aligned more closely with employee expectations around flexibility, comfort, and wellness.

    Globally, Steelcase Inc. is recognised for its workplace research, office furniture solutions, and design-led approach to workplace innovation. The company designs and manufactures furnishings and workplace solutions for offices, educational institutions, and healthcare environments. Steelcase operates alongside several creative and technology partner brands and serves customers across multiple international markets.

    According to company information, Steelcase has more than 11,000 employees worldwide and operates through an extensive global dealer and partner network. The company continues to focus on workplace solutions intended to improve employee experience, organisational performance, and long-term workplace adaptability.

    With the introduction of the ‘Made in India’ Fabric Collection, Steelcase India aims to strengthen its presence in the Indian workplace solutions market while offering locally inspired materials designed for contemporary office environments. The initiative also highlights the company’s continued emphasis on workplace design solutions that combine functionality, visual appeal, and evolving employee needs.

    For more information, visit Steelcase Official Website.

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