Category: Business

  • Colab Platforms to incorporate “Colab Intelligence Pvt. Ltd.” a Wholly owned Subsidiary to Strengthen its Presence in USD 200 Billion Artificial Intelligence Sector

    Colab Platforms to incorporate “Colab Intelligence Pvt. Ltd.” a Wholly owned Subsidiary to Strengthen its Presence in USD 200 Billion Artificial Intelligence Sector

    Positioning for Long-Term Growth in the Billion-Dollar AI Ecosystem

    New Delhi [India], October 11: Colab Platforms a Diversified Technology Company, has announced plans to incorporate Colab Intelligence a wholly owned subsidiary. This strategic move marks a significant milestone in the company’s long-term vision to strengthen its presence in the rapidly expanding Artificial Intelligence (AI) Sector, which is currently valued at approximately USD 200 billion globally in 2024 and projected to exceed USD 1.8 trillion by 2030, growing at a CAGR of over 30%. 

    Highlights:-
    • Investment to fuel AI-driven innovation and scalable technology solutions.
    • Targets high-growth sectors including gaming, esports, financial services, and retail for scalable innovation.
    • Strategically positioned to leverage USD 200 billion global AI investments and deliver longterm shareholder value.

    This reflects Colab Platforms’ commitment to innovation, digital transformation, and the integration of advanced AI-driven technologies across its business ecosystem. Colab Intelligence will focus on developing cutting-edge solutions such as intelligent automation, predictive analytics, and collaborative AI platforms that enhance decision-making, operational efficiency, and human– machine synergy.

    AI Opportunities Across Key Sectors

    AI is transforming industries across the globe, particularly in areas aligned with Colab Platforms’ expertise:

    • Gaming and Esports: AI-driven experiences are expected to push the market beyond USD 583 billion by 2030, offering hyper-personalization, immersive gameplay, and predictive analytics for players and organizers alike.
    • Sports Management and Analytics: Forecast to reach USD 19 billion by 2030, AI is revolutionizing performance tracking, fan engagement, and operational efficiency for professional sports ecosystems.
    • Financial Services and Retail: AI applications in these sectors are each projected to surpass USD 100 billion by 2030, driving intelligent automation, risk management, and personalized customer solutions.

    Through this subsidiary, Colab Platforms is strategically positioning itself to capture high-growth opportunities across multiple transformative industries. This expansion is designed designed to diversify its technology portfolio, unlock new revenue streams, and drive sustainable, long-term value for shareholders. By integrating AI capabilities across its existing businesses ranging from esports and digital ventures to sports infrastructure, the company aims to strengthen its market position in a globally competitive, rapidly evolving tech landscape.

    The company’s leadership emphasized that AI adoption will enable Colab Platforms to deliver innovative, scalable solutions that enhance user engagement, optimize operational efficiency, and create differentiated offerings in sectors where technology is rapidly reshaping market dynamics. From gaming and esports to financial services, and retail, the company is targeting markets where AI-driven disruption is creating massive economic potential, giving it a competitive edge in industries projected to collectively reach trillions of dollars in value.

    “This a new chapter in Company’s growth journey, aimed at boosting innovation and market relevance. Colab Intelligence is central to building a resilient, diversified business model that captures value from emerging technologies. By focusing on AI-driven industries, Colab Platforms aims to unlock new revenue streams and strengthen its position as a forward-looking leader in India’s tech landscape.” Said, Mr. Puneet Singh, Managing Director of Colab Platforms Limited.

    About Colab Platforms: 

    Colab Platforms Limited is a diversified technology, sports and digital ventures company focused on building integrated ecosystems spanning esports, physical sports infrastructure, Sporting events, influencer collaborations, and digital content delivery. With a vision to strengthen India’s sports and youth economy, Colab is creating sustainable value across multiple verticals. website: www.colabplatforms.com.

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  • Om Packers and Movers Achieves Historic Milestone with Official Recognition from Indian Banks’ Association (IBA)

    Om Packers and Movers Achieves Historic Milestone with Official Recognition from Indian Banks’ Association (IBA)

    A Landmark Achievement Reinforcing Excellence, Trust, and Professionalism in India’s Logistics Sector

    New Delhi [India], October 11: Today marks a historic and proud milestone for Om Packers & Movers, one of India’s most trusted logistics and relocation service providers. The Indian Banks’ Association (IBA) has officially recognized the company as a “Recommended Transport Operator” under its highly respected initiative – The IBA Scheme for Recommending Transport Operators to Member Banks.

    This recognition stands as a symbol of credibility, operational excellence, and trustworthiness, earned through years of consistent performance, transparency, and customer-centric service. Under this certification, Om Packers & Movers has been allotted the official code GZO-2596, effective from October 8, 2025, and valid until October 31, 2028. During this period, the company will remain listed as an approved transport operator for all IBA member banks across India.

    A Landmark Moment for the Indian Logistics Industry

    The Indian Banks’ Association’s recommendation is not simply an approval – it is a prestigious endorsement of integrity and professionalism within India’s logistics and transport ecosystem. This achievement underscores that Om Packers & Movers has successfully cleared the IBA’s stringent multi-stage evaluation process, meeting every operational, safety, and compliance standard set by the association.

    According to the IBA’s official notification, the approval was granted after a comprehensive verification process, which included in-depth scrutiny of the company’s business ethics, operational performance, client feedback, documentation protocols, and compliance record.

    As per the association’s directive, the company is required to print the validity period of the certification on all its Lorry Receipts (LRs) in the prescribed format. This mandate ensures uniformity and transparency in every transaction and documentation process involving banks and corporate clients.

    Recognition Built on Trust, Punctuality, and Service Excellence

    Over the past two decades, Om Packers & Movers has emerged as a nationally recognized logistics leader, renowned for its reliable, safe, and punctual transport and relocation services. What began as a regional operation in Northern India has now evolved into a pan-India network serving individuals, corporates, and industrial clients with equal dedication and efficiency.

    The company’s commitment to punctual delivery, customer satisfaction, and responsible service has earned it a distinguished position in the logistics industry. Whether handling domestic relocations, industrial consignments, or banking-related transport operations, Om Packers & Movers has maintained high standards of professionalism and ethics at every step.

    The IBA’s endorsement is therefore viewed as a natural validation of the company’s unwavering commitment to quality, compliance, and client satisfaction.

    Official Recognition from Indian Banks’ Association (IBA) - PNN

    IBA Commends Compliance and Standards

    In its statement, the Indian Banks’ Association emphasized that this recognition was granted only after verifying the company’s adherence to all compliance and operational benchmarks. The association highlighted that this certification is solely intended for the use of IBA member banks, ensuring secure, standardized, and transparent transport operations for financial and banking transactions.

    The IBA also issued a clear advisory that no third-party agent or intermediary is authorized to represent or act on its behalf during this certification process. All communications must be conducted exclusively through IBA’s official channels, maintaining the integrity of the association’s framework.

    This structured and transparent approach aims to protect the interests of both banks and customers, while also promoting professional accountability within the logistics and transport sector.

    A Message from the Company: Pride, Gratitude, and Determination

    Speaking on this occasion, the management of Om Packers & Movers expressed immense pride and gratitude, calling this achievement a defining moment in the company’s journey.

    In a statement, the company’s leadership said:

    “We are deeply honored to receive this official recognition from the Indian Banks’ Association. It is not just a certification – it is a reflection of our dedication to service excellence, reliability, and ethical business practices. This achievement reinforces our belief that honesty, consistency, and customer trust are the true pillars of long-term success.”

    They further added:

    “This milestone belongs to our customers, employees, and partners who have supported us throughout our journey. It motivates us to continue delivering on our promise of safety, punctuality, and professional integrity. We will keep innovating and improving to set new benchmarks in India’s logistics sector.”

    The management reaffirmed that this recognition will inspire the company to strengthen its systems, adopt advanced technologies, and enhance service delivery to meet the growing demands of modern logistics.

    Strengthening India’s Financial and Logistics Ecosystem

    The IBA’s Transport Operator Recommendation Scheme plays a pivotal role in bridging the gap between financial institutions and reliable logistics partners. It ensures that banks can conduct operations like lending against goods, collateral transport, and other financial transactions with minimal risk and maximum transparency.

    By earning this recognition, Om Packers & Movers now joins an elite group of logistics companies that serve as trusted partners to India’s banking and corporate sectors. This inclusion not only enhances the company’s credibility but also opens avenues for collaboration in the finance, manufacturing, retail, and infrastructure domains.

    Industry experts have welcomed this development, noting that such partnerships between the financial and logistics sectors will strengthen India’s supply chain ecosystem, improve transaction safety, and foster greater economic efficiency.

    Commitment to Innovation and the Future

    Looking ahead, Om Packers & Movers plans to continue its journey of growth and excellence through innovation, technology, and sustainability. The company is already investing in digital logistics solutions, GPS-enabled tracking, and eco-friendly practices to make its operations more efficient and environmentally responsible.

    With the IBA’s endorsement, the company aims to further align its operations with international service benchmarks, ensuring world-class reliability and transparency for every customer.

    The company also intends to expand its nationwide presence, strengthen its fleet management systems, and provide seamless logistics solutions tailored to diverse customer segments – from individual relocations to complex corporate movements.

    A Symbol of Trust and Professional Excellence

    This recognition marks a transformative chapter in the journey of Om Packers & Movers – from a regional player to a nationally certified logistics brand trusted by leading banks, corporations, and thousands of satisfied customers.

    It validates the company’s long-standing values of trust, accountability, and professionalism, reinforcing its reputation as one of India’s most dependable logistics partners.

    In conclusion, the IBA’s official recognition is not merely an administrative endorsement – it is a celebration of dedication, quality, and the spirit of Indian enterprise. With its inclusion in the IBA’s approved list of transport operators, Om Packers & Movers is set to scale new heights of success, reliability, and contribution to India’s rapidly advancing logistics and financial landscape.

    About Om Packers & Movers

    Om Packers & Movers is one of India’s leading logistics and relocation service providers, offering safe, transparent, and time-bound moving solutions for households, corporates, and industries. Known for its customer-first approach and nationwide presence, the company continues to redefine standards in logistics management, customer satisfaction, and professional excellence.

    For Enquiries:
    Contact:  9810666641
    Email: info@ompackersindia.com
    Website: https://ompackersindia.com/

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  • Focus Bags INR 1.88 Cr Gandhinagar LED Lighting Project

    Focus Bags INR 1.88 Cr Gandhinagar LED Lighting Project

    Mumbai (Maharashtra) [India], October 10: Focus Lighting & Fixtures Limited (NSE – FOCUS), engaged in manufacturing & innovative lighting solutions of LED lights and fixtures, has secured a prestigious order worth ₹1.88 Cr (exclusive of GST) from the Gandhinagar Municipal Corporation for a city beautification project.

    Key Highlights of the Order:

    • Project Value: ₹1.88 Cr (exclusive of GST)

    • Scope: Manufacture, supply, delivery, and installation of LED lighting and fixtures for city beautification in Gandhinagar

    • Awarding Authority: Gandhinagar Municipal Corporation

    • Nature of Contract: Infrastructure order – domestic entity

    This new order from the Gandhinagar Municipal Corporation adds further momentum to Focus Lighting & Fixtures Limited’s ongoing growth. By contributing to projects that enhance urban infrastructure and promote energy efficiency, the company continues to strengthen its presence in the professional lighting segment. The successful execution of this project will enhance its portfolio of government and civic lighting projects, supporting future opportunities in the infrastructure and smart city space.

    Commenting on the performance, Mr. Amit Sheth, Managing Director of Focus Lighting & Fixtures said, “Securing this order from Gandhinagar Municipal Corporation provides an excellent opportunity to apply our expertise in LED lighting for city infrastructure projects while supporting the company’s growth. This project demonstrates the increasing demand for sustainable and efficient lighting solutions in urban development. It strengthens our engagement with municipal bodies and opens doors for similar opportunities in other cities. Successful execution will contribute to revenue and enhance our presence in the civic lighting segment. We remain focused on delivering high-quality, innovative solutions and see such initiatives as an important part of our future growth and role in urban development.”

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  • Fredun Pharmaceuticals Acquires Wagr.ai

    Fredun Pharmaceuticals Acquires Wagr.ai

    From L-R: Advaith Mohan (cofounder of Wagr), Fredun Medhora (MD, Fredun Pharmaceuticals Ltd), and Siddharth Darbha (cofounder of Wagr)

    Mumbai (Maharashtra) [India], October 10: Fredun Pharmaceuticals Limited (BSE – FREDUN | 539730) is one of the leading pharmaceuticals formulation manufacturing companies in India. The Company, diversified into Generics, Cosmeceuticals, Nutraceuticals, Mobility and Animal Healthcare Products, today announced the strategic acquisition of all assets of Wagr, a leading pet tech platform, marking the launch of India’s first truly neutral online marketplace for pet products and services.

    This strategic move positions FPL at the forefront of India’s rapidly growing pet care industry, projected to reach $6 billion by 2030.

    The acquisition includes Wagr’s comprehensive technology platform, user base of 140,000+ pet parents, patented pet fitness tracking technology, and established veterinary network—creating an unprecedented ecosystem that addresses critical gaps in the Indian pet care market.

    FPL will relaunch the Wagr marketplace and services in Q4 FY 2025-26.

    About Fredun Pharmaceuticals Limited

    Fredun Pharmaceuticals Limited is a leading innovator in India’s pet care industry, specializing in functional food and prescription food categories. Committed to supporting the holistic well-being of pets across India, FPL combines quality products with technology-driven solutions to enhance the pet parenting experience.

    About Wagr

    Wagr is a comprehensive pet care technology platform that pioneered a neutral pet e-commerce marketplace, pet health monitoring and GPS tracking, and veterinary consultation services in India. As the creator of India’s first GPS and fitness tracker for dogs and the world’s first AI pet care chatbot, Wagr has established itself as an innovation leader in the pet tech space.

    India’s First Neutral Pet Marketplace

    Unlike existing e-commerce platforms that either lack pet-specific focus or promote proprietary brands, the FPL-Wagr platform provides an unbiased marketplace for new age pet brands and established brands alike. FPL’s strategic positioning in functional food, wet food, and prescription food categories—with no presence in dry food, biscuits, or other commodity segments—enables the company to maintain complete neutrality while hosting competing brands.

    Wagr.ai marketplace – to be relaunched in Q4 FY 2025-26.

    Critically, all sales transacted through the platform, regardless of brand, will be registered under Fredun Pharmaceuticals Limited’s revenue, creating a unified commerce ecosystem that benefits the entire pet care industry.

    Sales enabled by content and community – to be relaunched in Q4 FY 2025-26.

    Comprehensive Support System for Pet Parents

    The integrated platform addresses the needs of India’s burgeoning community of new pet parents through multiple support channels:

    On-Demand Telemedicine (launching within 6-9 months): Through Wagr’s existing app infrastructure, pet parents can access a “Practo-style” veterinary consultation system, selecting from online doctors for 15-minute video consultations. The platform features seamless payment integration and has already facilitated over 11,000 consultations.

    Vet marketplace for video consults – to be relaunched in Q4 FY 2025-26.

    Pan-India Doctor Network (launching within 6-9 months): A comprehensive network connecting pet parents with veterinary professionals across the country, complemented by specialized educational programs designed for veterinary professionals to enhance their knowledge and service delivery.

    AI-Powered Pet Care:

    The platform features Toto, the world’s first AI pet care chatbot, which has answered over 10,000 questions, providing personalized, real-time advice to pet parents.

     

    An entire ecosystem of vet at your fingertips, health records for your pet, and an AI chatbot to guide you – to be relaunched in Q4 FY 2025-26.

    Revolutionary Fitness Technology

    Building on Wagr’s pioneering work as India’s first GPS and fitness tracker for dogs (launched in 2019), FPL will reintroduce patented fitness tracking technology for pets in FY 2026-27.

    India’s first pet fitness tracker – to be relaunched in FY 2026-27.

    Like human fitness bands and smartwatches, these innovative devices will enable pet parents to monitor their pets’ health metrics, activity levels, and overall wellness in real-time. The hardware has been field-tested with hundreds of pets across India, and the technology has proven reliable in diverse environmental conditions, from urban apartments to rural farmlands.

    • Real-time GPS location tracking using 4G SIM connectivity

    • Advanced activity monitoring through WiFi and motion sensors

    • AI-powered fitness analytics that track resting, active, and playing states

    • Compact, pet-friendly design with durable collar attachment system

    • Seamless app integration for real-time data visualization

    Fredun Medhora, MD of Fredun Pharmaceuticals Limited, stated: “FPL’s long-term vision is that every pet in India should be using a FPL product or service. This strategic acquisition represents a transformative moment for the Indian pet care industry. By combining our deep expertise in pet nutrition with Wagr’sproven technology platform and user base, we’re creating something unprecedented a truly neutral marketplace that serves the entire ecosystem while providing comprehensive support to pet parents. Our vision extends beyond commerce; we’re building a complete support system for India’s growing community of pet parents, with 24/7 veterinary access, AI-powered guidance, and cutting-edge fitness tracking technology.”

    Fredun added: “What makes this particularly powerful is our unique positioning. Because FPL doesn’t compete in categories like dry food or biscuits, we can genuinely serve as a neutral platform, hosting all major brands while ensuring that every transaction regardless of brand contributes to our ecosystem’s growth. This is the future of pet care commerce in India.”

    Siddharth Darbha, Co-founder, Wagr, commented: “Wagr has always stood for trusted, compassionate pet care. With Fredun Pharma’s decades of expertise and deep commitment to wellness, that promise will now touch many more pet families.”

    Advaith Mohan, Co-founder, Wagr, commented: “Building Wagr has been a journey of love for pets and trust from their parents, and seeing it grow under Fredun Pharma feels like sending it off to an even bigger family.”

    Asset Acquisition Details

    The acquisition encompasses Wagr’s comprehensive asset portfolio from its founders and investor group, which includes IvyCap Ventures, Inflection Point Ventures, Stanford Angels & Entrepreneurs, and prominent angel investors, including Nitin Sharma (Co-head India, Antler, First Principles), Ashish Sharma (CEO, Innoven Capital, ex-President, GE Capital), and others.

    Key Assets Acquired:

    • Wagr brand, trademark, and intellectual property

    • Patented Wagr hardware technologies

    • Complete software suite (apps, backend systems, firmware)

    • User database of 140,000+ pet parents

    • Website (wagr.ai) with 6,000 organic monthly visitors and 10+ million lifetime SEO impressions

    • Social media presence with 10,000+ followers

    • Established relationships with 70+ pet care product brands

    • Existing contracts with 20 veterinarians

    Platform Performance Metrics

    The combined platform brings impressive operational capabilities:

    • 140,000+ registered pet parents

    • 4.7/5 app rating

    • 16,000+ transactions (veterinary consultations and e-commerce)

    • 10,000,000+ organic impressions in 12 months

    • 1,000+ products available from 70+ brands

    • 11,000+ teleconsultations completed with 76 Net Promoter Score

    • 5,000+ orders shipped with a 75 Net Promoter Score

    Market Opportunity

    India’s pet care industry is experiencing explosive growth, with a 22% CAGR projected from $1 billion (2021) to $6 billion (2030). The market encompasses:

    • Products: $900 million (pet food, treats, accessories, supplements, consumables)

    • Health: $250 million (veterinary care, diagnostics, pharma, insurance)

    • Services: $200 million (grooming, boarding, training, walking, live animal sales)

    With 20 million pets in India and the number of new pet parents expected to increase significantly over the next decade, the timing is ideal for a comprehensive, technology-enabled pet care solution.

    Awards and Recognition for Wagr

    Wagr’s technology platform has received significant industry recognition:

    • Winner of Qualcomm Design In India program (selected from 300+ startups, $90,000 in grants)

    • World’s first 4G pet wearable

    • Featured at CES 2020 in Las Vegas

    • Early pioneer of veterinary telehealth in India (2021)

    • Launched the world’s first AI pet care chatbot (2023)

    • Best Product Debut Award at India’s largest pet festival

    Transaction Structure

    The transaction structure is the first-of-its-kind in India’s pet care industry, featuring a zero-cash acquisition by FPL. In this strategic arrangement, Wagr’s investors and founding team have joined the FPL group as equity partners, demonstrating their confidence in the company’s vision and commitment to building the next-generation pet care ecosystem.

    Rather than taking an exit, Wagr’s original investors and founders have chosen to remain actively involved as long-term partners, reinforcing their belief in the combined potential of FPL and Wagr. FPL, in turn, has structured the deal to channel future investments directly into business expansion, innovation, and technological enhancement, ensuring that the partnership drives sustainable growth in India’s rapidly evolving veterinary and pet wellness sector.

    Strategic Rationale

    Wagr, after 8 years of R&D, lacked the resources and scalability to sustain independent operations despite having strong technology and market presence.

    Rather than liquidation, a strategic restructuring was designed in partnership with Fredun Pharmaceuticals to maximize value for all stakeholders, which had:

    • Aligned interests in the pet care sector

    • Deep financial resources provided by Fredun Pharmaceuticals

    • Robust manufacturing capabilities of Fredun Pharmaceuticals

    New Ownership Structure

    Following the transaction, the ownership structure of Wagr is as follows:

    • Fredun Pharmaceuticals Limited (via subsidiary): 78% equity stake

    • Original Wagr Shareholders and Other Investors: 20% equity stake, comprising

    o IvyCap Ventures Advisors Private Limited

    o Beacon Trusteeship Limited – First Port Capital

    o Wagr Founders

    o Other Investors

    • Sweat Equity (Tal64): 2% equity stake

    This structure represents a collaborative and future-focused ownership model, aligning FPL, Wagr’s founders, and investors toward a unified vision of innovation, growth, and long-term value creation in India’s dynamic pet care industry.

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  • Care Edge Ratings Assigned Credit Ratings to Utssav CZ Gold Jewels Limited

    Care Edge Ratings Assigned Credit Ratings to Utssav CZ Gold Jewels Limited

    Mumbai (Maharashtra) [India], October 10: Utssav CZ Gold Jewels Limited (Utssav, The Company), (NSE Code: UTSSAV) one of the leading manufacturers of 18K, 20K, and 22K CZ gold jewellery, plain casting jewellery in 22K, paper casting jewellery in 22K, natural diamond jewellery, and lab-grown diamond jewellery in 18K, has been assigned credit ratings by Care Edge Ratings for its bank facilities.

    • Long Term Bank Facilities – CARE BBB; Stable (₹2 Cr)
    • Short Term Bank Facilities – CARE A3+ (₹147 Cr)

    The ratings reflect the company’s strong fundamentals and highlight its financial discipline and business stability. Care Edge Ratings has factored in the promoter’s extensive experience in the gold jewellery industry, the company’s strong capital structure with healthy debt coverage indicators, its growing scale of operations with moderate profitability, and an adequate liquidity profile.

    These ratings reaffirm The Company’s potential for sustained growth and further strengthen stakeholder confidence in the company’s market position.

    Earlier, the company’s credit ratings were assigned by Infomerics Ratings. These ratings have now been withdrawn after Utssav provided the required no-objection document, which was duly acknowledged by its bankers and submitted to Infomerics on time.

    Commenting on the achievement, Mr. Pankajkumar Jagawat, Managing Director of Utssav CZ Gold Jewels Limited said, “We are pleased with the ratings assigned by Care Edge Ratings, which reflect our strong fundamentals and disciplined financial management. These ratings are an important endorsement of our efforts to consistently strengthen our financial stability, improve operational performance, and scale our business with efficiency.

    At Utssav, we remain committed to creating value through sustainable growth and operational excellence. The recognition also enhances the confidence of our banking partners and investors, and further motivates us to deliver on our long-term vision.”

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  • Madhya Bharat Agro Products reports all round highest performance in Q2FY26

    Madhya Bharat Agro Products reports all round highest performance in Q2FY26

    New Delhi [India], October 11: Madhya Bharat Agro Products Limited (MBAPL) reported a strong set of performance for the quarter and half year ended on September 30, 2025, led by SSP best ever sales and continuing steady complex fertilizer capacity utilization with resultant sales.

    The company clocked a 120% rise in its profit after tax (PAT) on a year-on-year (Y-o-Y) basis to Rs 30.45 crore in the September 2025 quarter from Rs 13.84 crore in the same period a year ago. On a quarter-on-quarter (Q-o-Q) basis, PAT rose 8% from Rs 28.20 crore in the June 2025 quarter.

    The Ostwal Group firm clocked a 61.75% rise in revenue from operations on a Y-o-Y basis to Rs 450.19 crore in Q2FY26 from Rs 278.31 crore in Q2FY25. Its operational income stood at Rs 409.68 crore in the preceding June quarter. EBITDA for the quarter came in at Rs 61.8 crore, up 71% Y-o-Y. Operating margins remained healthy at 13.7% for the quarter, while PAT margins held at 6.8% for the quarter.

    For the six-months ended September 30, 2025, the fertiliser and chemical products manufacturer reported a 131.7% Y-o-Y growth in the bottomline at Rs 58.67 crore from Rs 25.32 crore in the year ago period. MBAPL’s operational income grew 80% Y-o-Y to Rs 859.88 crore in H1FY26 from Rs 478.66 crore in H1FY25. Operating profit rose 70% Y-o-Y to 119 for the April-September 2025 period.

    MBAPL reported highest-ever fertilizer production volumes of 1,18,541 MT, while sales volumes also came at highest-ever at 1,35,187 MT for the reported period.

    It has a credit rating of ‘A-Stable CRISIL’ and has manufacturing units in Madhya Pradesh and Maharashtra with market spanning in,11 states through a strong network of more than 32,500 retailers through more than 2000 whole sellers.

    Commenting on the results for Q2 & H1 FY26, Mr. MK Ostwal- Promoter, Chairman & Director said, “We are delighted to report  results for Q2 and H1 FY26, marking another period of remarkable growth and continued operational excellence. For the half year period, we have achieved Highest-Ever revenue of ₹860 crore, up 80% YoY, with Highest-Ever EBITDA of ₹119 crore, up 70% YoY, and PAT at ₹59 crore, a 132% YoY increase. This performance reflects the strength of our integrated operations, high-capacity utilization, and a relentless focus on execution.

    Our new plant at Dhule with 660,000 MTPA of SSP and DAP/NPK with backward integration and further capacity expansion of 90,000 MTPA of DAP/NPK with 165,000 MTPA of sulphuric acid at Sagar are progressing well. These projects are set to drive enhanced growth and value creation in future.

    In August 2025, the company was selected as the preferred buyer of Green Ammonia in one of India’s largest reverse auctions conducted under SECI’s SIGHT Scheme. Oriana Power and SSC Infra emerged as the winning bidders and will supply 1.30 lakh MTPA of Green Ammonia to MBAPL plants for a period of 10 years.

    We also note that the Commission for Agricultural Costs & Prices (CACP) has recommended a phased increase in urea prices, which, if implemented, could enhance subsidies for phosphorus and potassium fertilizers creating a potential growth opportunity for NPK, a key strategic segment for MBAPL.’’

    About MBAPL

    Madhya Bharat Agro Products Limited (MBAPL) is an ISO 9001:2015 with a top-class NABL-accredited TESTING LAB for Chemical testing of DAP and NPK fertilizers. Originally incorporated in the year 1997 as a private sector unit manufacturing Single super phosphate with a production capacity of 60000 in the Year 1999, and in the Year 2004, it came under the “Ostwal Group of Industries”. Committed to our goal for a completely integrated self-sustained unit, we started commercial production of Beneficiated Rock Phosphate from our new unit at Village Sorai, Tehsil Banda, Distt. Sagar in the year 2012 with a total production capacity of 99000 TPA, which has now been increased to 2.40 lakhs SSP, 2.40 lakhs DAP/NPK capacity, with matching backward integration. Once new projects are operational, MBAPL will have 1.2 million MT capacity for phosphatic fertilizer with matching backward integration for sulphuric and phosphoric acid capacities.

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  • B.A.G. Convergence Limited Commences Trading with Impressive Market Response on NSE Emerge

    B.A.G. Convergence Limited Commences Trading with Impressive Market Response on NSE Emerge

    Mumbai (Maharashtra) [India], October 10: The shares of B.A.G. Convergence Limited is trading at ₹ 106.05 on NSE, a premium of 22% compared with the issue price of ₹ 87 per equity share.

    The company was listed at ₹ 101, a premium of 16% compared with the initial public offer. The stock is currently up 7%.

    The issue comprised of 56,00,000 equity shares at a face value of ₹ 10 each with a price band of ₹ 82 – ₹ 87 Per Share and raised ₹ 13.57 Cr via anchor just ahead the IPO. The company is intending to utilize the funds for Expansion of Existing Business, Acquisition/ Production of Content, Brand building expenses and general corporate purpose.

    About B.A.G. Convergence Limited:

    BAG Convergence Limited, founded in 2007, is a digital media company operating News24, News24 Sports, and E24 Bollywood, delivering news and entertainment through web, mobile apps, social media, and Connected TV. The company specializes in digital content creation including text, audio, video, and infographics tailored to audience needs, with a focus on authentic and reliable content. Covering categories like current affairs, sports, infotainment, automobiles, gadgets, health, and spirituality, its primary goal is to stay relevant and provide updates that keep audiences informed.

    The company has a strong digital presence with 29Mn+ YouTube subscribers, 31Mn+ Facebook followers, 4Mn+ Instagram base, 2Mn+ Twitter followers, and 16Mn+ monthly website users. Its large-scale content operations include 350+ district reporters and 450+ stringers, ensuring pan-India coverage. BAG Convergence also has a well-established sales structure covering corporate, retail, government, and digital segments, led by experienced leadership teams.

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  • Business Elite Awards 2025 Recognizing Outstanding Individuals and Enterprises

    Business Elite Awards 2025 Recognizing Outstanding Individuals and Enterprises

    New Delhi [India], October 9: Business Outline Magazine proudly presents Business Elite Awards 2025, a celebration of outstanding Individuals and Enterprises who are shaping the future of business. This recognition goes beyond success—it highlights innovation, leadership, and impactful contributions to industry and society overall. Through our strong media presence and storytelling expertise, we ensure every honouree’s journey is showcased with credibility and prestige. The award not only honours excellence but also provides a platform for greater visibility, brand positioning, and industry influence.

    At Business Outline, our mission goes beyond reporting news — we spotlight the visionaries, innovators, and changemakers who are driving the future across industries. We empower leaders and enterprises to stand out in today’s competitive landscape. From emerging startups to established enterprises, we provide a global platform that celebrates leadership, ingenuity, and impact. We are into collaboration with Business Connect, Entrepreneur Outlook & Corporate Connect.

    Divy Cars Private Limited
    Pushpa Bhardwaj (Director)
    Naresh Bhardwaj (Director)
    Impact Recognition: Excellence in Corporate Employee Transportation 2025

    A leading transport company in NCR, Divy Cars Private Limited, is known for its top-notch corporate employee transportation services with a fleet of 250 vehicles. The company came into existence in the year 2001, and since then, it has established itself in transportation services. Divy Cars aims to support organisations in managing logistics involved in their executives’ movement. The company offers personalised services, harnessing the modern communication facilities and trained drivers.

    Ratovate Technologies Private Limited
    Deependra Singh Bhadouria – CEO & Founder
    Impact Recognition: India’s Most Trusted Company To Watch In 2025

    Ratovate Technologies Private Limited is a pioneering technology company led by the CEO & Founder, Deependra Singh Bhadouria. Ratovate provides services for AI consulting, integration and development, app modernisation and digital transformation.  The company takes pride in creating an intelligent digital ecosystem, empowering businesses to grow in today’s technical landscape. With its commitment to excellence and customer satisfaction, the company has earned a solid reputation for reliability and innovation.

    A3T TECHNOLOGIES PVT LTD
    Impact Recognition: Best Company to Work for 2025

    Founded in 2019, A3T Technologies is a leading Design, Manufacturing, and Technology company in the automotive electronics segment. The company aims to provide globally proven, OEM-grade solutions. With its unwavering commitment to innovation and years of expertise, A3T focuses on enhancing the Indian automotive industry with safe, efficient, intelligent, and customised solutions, products, and state-of-the-art processes.

    Money2me Finance Private Limited
    Nayan Kambli -CEO & Founder
    Impact Recognition: CEO Of The Year 2025

    Money 2 Me Finance Private Limited, an RBI-registered NBFC, is a pioneering gold loan provider known for offering quick, secure, and hassle-free financial solutions. Led by visionary CEO and seasoned professional Nayan Kambli, the company provides secured funding through gold loans, business loans, personal loans, and insurance. Under his guidance, Money 2 Me aspires to create a financial haven for all, built on the principles of inclusivity and sustainability.

    Akarshak Institute of Advanced Farming      

    Ramesh Gera, Founder & Director          

    Impact Recognition: Excellence in Sustainable Vertical Farming 2025

    Akarshak Institute of Advanced Farming is one of the fastest-growing companies in advanced Soil-less farming techniques. Founded by Ramesh Gera in 2018, the company aims to create awareness and spread the knowledge related to advanced farming techniques and facilitate transformation. With a focus on vertical farming, the company provides training, research, and development opportunities.

    WrkTalk DigiSec AI Pvt Ltd

    Best Enterprise Data‑Sovereign Communication Platform 2025

    WrkTalk DigiSec AI Pvt Ltd is an innovative Product tech firm specialising in enterprise data-sovereign communication platforms. It ensures complete and absolute privacy with its proprietary approach and prevents all external parties or organisations from accessing your corporate communication data.  Founded by four experienced entrepreneurs with successful track records, WrkTalk came into existence in the year 2024 and is headquartered in Mumbai.

    Preserving India’s Legacy, One Structure at a Time

    At Rebuild Technologies Services Private Limited, we believe that restoring heritage is more than just a technical task, it’s a cultural responsibility.

    With deep expertise in retrofitting, waterproofing, and heritage restoration, we have worked on some of India’s most iconic and sensitive structures, blending engineering precision with historical respect.

    Among our flagship heritage projects is the structural retrofitting of Eros Cinema in Mumbai, a landmark Art Deco building recognized as a Grade I heritage site.

    This monumental structure, built in 1928, required meticulous planning to restore its structural framework without compromising its heritage aesthetics.

    Our team executed non-destructive testing (NDT), reinforcement of aging elements, and structural strengthening, all while preserving the fade and ornate architectural detailing.

    • Providing high elongated and high tensile based UV stable, elastomeric Polyurethane based waterproof coating waterproof system over the existing roof.

    We also had the privilege of working at the Tirumala Tirupati Devasthanam (TTD), one of the most sacred and visited pilgrimage sites in India.

    This project demanded retrofitting and conservation in extremely sensitive zones, often under tight religious and spatial constraints.

    The work was conducted with utmost discretion and reverence—without disrupting temple rituals or footfall. Due to religious regulations, photography at the site was strictly prohibited, yet the quality and integrity of our work stand as a testament to our disciplined approach.

    Additional credentials that support our capability include:

    • Successful projects for Military Engineering Services (MES) and Defense Research and Development Organization (DRDO).
    • Proven leadership in seismic retrofitting, grouting, carbon wrapping, and structure rehabilitation.

    At Rebuild Technologies, we don’t just restore structures—we Rebuild Confidence in Structures.

    We are ready to contribute to preserving the architectural soul of Indian democracy.

    Zensible
    Vedha C Bharathi – Co-Founder & CEO
    Manjunath PR – Co-Founder & CTO
    Most Impactful Mental Health Tech StartUp 2025

    Zensible Showcases Groundbreaking Therapist App at TiE Bangalore Health & Wellbeing Summit 2025

    Bangalore, India, September 2025: Zensible, an emerging leader in mental health technology, unveiled its newly launched therapist app at the TiE Bangalore Health & Wellbeing Summit 2025. The app, designed to ease the administrative burden of therapists, was met with enthusiastic feedback from mental health professionals who praised its simplicity and powerful features. Attendees were particularly overjoyed to learn that Zensible is being offered free for the first three months, underscoring the company’s commitment to empowering therapists and improving client care outcomes.

    Tran-Scell Biologics(www.transcellbiologics.com)
    Dr Subhadra Dravida, Founder, CEO & Dr Vasanthi Dasari, Chief Scientific Officer
    Global Impact – Company In Focus 2025

    Transcell Biologics is revolutionising biotechnology by seamlessly integrating artificial intelligence and next-generation human stem cell technology into its innovative business model. Unlike traditional pharmaceutical companies, Transcell Biologics prioritises intellectual property as a springboard for comprehensive solutions across the industry. Their flagship product, DART (Digital Animal Replacement Technology), offers ethical, cruelty-free alternatives to animal testing. The company also boasts a unique human biosamples vault, fueling continuous discovery. Guided by principles of scientific rigor, ethical integrity, and sustainability, Transcell Biologics is dedicated to translating groundbreaking research into real-world impacts for the biopharmaceutical sector.

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  • We360.ai Raises USD 2M Led by GSF to Power AI Agents for Enterprise IT and BFSI Workforce Analytics

    We360.ai Raises USD 2M Led by GSF to Power AI Agents for Enterprise IT and BFSI Workforce Analytics

    New Delhi [India], October 10: We360.ai, one of India’s fastest-growing SaaS startups, today announced the successful close of its $2 million funding round. The round was led by GSF with participation from SucSEED Indovation Fund, Campus Fund, along with prominent industry leaders including Anirudh Singla (Founder, Pepper Content), Chandrakant Tanna (Founder, TSS Consultancy), George Sam (Co-Founder, MindGate), Guhan Muthuswamy (Co-founder, Mindgate) Dinesh Agarwal (Founder, IndiaMART), Dinesh Gulati (Co-Founder, IndiaMART), Rajesh Sawhney (Founder, GSF), Vishal Gondal (Founder, GOQii)

    Based in Bhopal, Madhya Pradesh, We360.ai represents the new wave of world-class technology emerging from India’s Tier-2 cities, showing that groundbreaking SaaS companies can be built outside the traditional startup hubs.

    What Our Investor Says

    We see We360.ai emerging as a global platform to enhance employee productivity in enterprises across the world. The founding team has cracked the code and has the right vision and execution to scale in different markets.

    —-Rajesh Sawhney

    Powering the Future of Work with AI Agents

    Backed by fresh funding, our priorities will center on:

    Expanding AI Agents

    1- Agent Clara — Unbiased Chief of Staff

    What Clara Does:

    • Sends automated weekly & monthly productivity reports.
    • Benchmarks performance across teams, regions, and projects.
    • Flags emerging risks before they hit clients or budgets.

    2- Agent Emily — Upskilling & Workforce Development

    What Emily Does:

    • Detects real skill gaps through analytics.
    • Maps task complexity against performance to pinpoint struggles.
    • Recommends specific learning paths—not generic ones.

    3- Agent Ethan — Talent & Workforce Planning

    What Ethan Does:

    • Detects early burnout risk across teams.
    • Identifies bench strength and underused capacity.
    • Enables smarter resource planning with proactive insights.

    Investor’s Comment

    We have always believed that technology, when applied thoughtfully, has the power to transform how businesses operate. We360.ai has the promise to lead that transformation in workforce analytics with its AI-driven platform. Built in India for the world. Their potential to deliver scalable solutions that enhance productivity and empower organizations worldwide resonated with me, and we are excited to be part of their growth journey.

    —- George Sam- Co-founder & Business head,Mindgate Solutions

    A Journey of Growth & Recognition

    In just 4 years, We360.ai has emerged as a homegrown success story:

    1. Fastest Growing SaaS Startup from Madhya Pradesh.

    2. Youngest CEO from M.P. to raise institutional venture capital.

    3. 100% Cash Positive operations.

    4   Recognized in Forbes Fastest Growing Companies and featured for Best   Customer    

    Support in 2023, 2024, and 2025.

    5. Consistently ranked #1 on G2 for the past 24 months.

    6. Recognized by Prime Minister Narendra Modi Ji as fastest growing start up of MP

    7. Named among TiE Global’s Top 200 Emerging Companies.

    8. Ranked #2 on Forbes Advisor.

    9. Honored as SoftwareSuggest’s Enterprise Quadrant Leader.

    10.Trusted by over 6,000+ Companies and deployed over 100k users across 18+ countries.

    Founder’s Message

    Arnav Gupta, We360.ai’s Founder & CEO:

    “This funding is a major step in our mission to empower the future with AI. It strengthens our ability to help enterprises boost productivity, make smarter decisions, and build AI managers. With this support, We360.ai is accelerating the transformation of workplaces globally.”

    What Our Investor Says

    “We360.ai has been a key part of our portfolio since their very first funding round, and we’ve witnessed firsthand their relentless focus, execution discipline, and visionary leadership.We strongly believe We360.ai will play a pivotal role in transforming how enterprises drive productivity in a digital-first world. We remain proud to support their journey as active investors, with larger capital as they raise their third round of funding”

    —- Vikrant Varshney Co-Founder & Managing Partner of SucSEED Indovation Fund

    About We360.ai

    Founded in 2021, We360.ai is a workforce analytics platform that helps enterprises monitor productivity, manage efficiency, and empower decision-making through AI-driven insights. Trusted by 6000+ customers with 120K+ Users across IT, BFSI, and enterprise sectors, We360.ai is redefining how companies optimize human capital in the modern workplace.

    For more information, visit www.we360.ai.

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  • Bharat Business Brilliance Awards 2025 Honoring Innovation, Growth and Sustainability

    Bharat Business Brilliance Awards 2025 Honoring Innovation, Growth and Sustainability

    New Delhi [India], October 11: Entrepreneur Outlook is a distinctive platform that shares the stories of the most dynamic and innovative business leaders and companies from around the world. It aims to encourage entrepreneurs and business executives to pursue their dreams, take risks and create an impact.

    Entrepreneur Outlook collaboration with Business Connect and Corporate Connect Magazine has recently introduced the prestigious ‘Bharat Brilliance Awards 2025: Honouring Innovation, Growth & Sustainability’ to celebrate the outstanding enterprises and entrepreneurs for their notable contribution to the economic and social growth. By honouring exceptional work, the recognition aims to create inspiration, nurture a competitive spirit, and encourage the next generation of businesses and leaders. From emerging startups to established industry leaders, this award appreciates all those who lead with purpose and drive excellence.

    Star Coolers & Condensers Pvt. Ltd.
    Mr. Shanker Asopa: MD
    Mr. Laxmikant Dandawate: Director of Marketing
    Mr. Sushil Kumar Asopa: Director of Operations
    “The Most Innovative and Trusted Company in Focus 2025”

     Established in 1998 in Jalgaon, Maharashtra, Star Coolers and Condensers Pvt Ltd specialises in manufacturing top-notch Evaporators like Air Cooling Units, Blast freezers, IQF and Evaporative and Adiabatic Air Cooled Condensers.

    With Mr Shanker Asopa as Founder and MD from UK, Laxmikant Dandawate – Director of Marketing, Mr Sushil Kumar Asopa, Director of Operations from INDIA at the helm, the company has established itself as most preferred and leading supplier in the field of Industrial Cold Chain Industry.

    Advance Hydrau-Tech Pvt.Ltd.
    Dr. Sudhir Gupta: Director
    Mr. Mukund Gupta:  Director
    “Most Innovative Scrap Processing Machine Manufacturer in 2025”

    Advance Hydrau-Tech Pvt. Ltd. is a pioneer in waste management and recycling solutions, led by Dr. Sudhir Gupta & Mr. Mukund Gupta. The company offers a range of machines and solutions for processing metal scraps, plastic waste, paper waste and agricultural waste with a solid focus on innovation and customer satisfaction.

    Raje Project Management Consultants (RPMC),
    Varun Himanshu Raje: MD
    “Top Icons of Impactful Leadership 2025”

    The flagship venture of Raje Consultants, is creating a revolution in the project management realm under the leadership of Varun Himanshu Raje (MD). Renowned for delivering projects on time and within budget, RPMC has established itself as a trusted partner for businesses.

    Grandis Business Solutions Pvt. Ltd
     Mr Vinod Sivakumar: Co-Founder & C.T.O
     “Company Of The Year 2025”

    Grandis Business Solutions is a leading name in innovative business solutions, thriving under the leadership of Mr Vinod Sivakumar. The company has established itself as a trusted partner for businesses looking for cutting-edge tech solutions. Looking ahead, the company is poised to drive growth and success in business with expertise and an innovative approach.

    Sakhiforlife
    Swati Sinha: Founder & Director
    “20 Global Brands Making Waves in 2025”

    “Sakhiforlife, founded by Swati Sinha, began with a bold vision—empowering women to transcend barriers and achieve their goals. As the impact grew, it became clear that the need for such transformation extends to professionals everywhere. Today, Sakhiforlife supports both women and men with a holistic blend of training, mentoring, coaching, and upskilling. Through flagship programmes like Resilient Restart, Success Studio, and Power Pool, the platform addresses a wide spectrum of needs—from career restarts to advanced skill development—helping individuals unlock their potential and thrive.”

    Mercurius & Associates
    Ankit Jain (Co-Founder), Siddhartha Havelia (Co-Founder)
    Leading Expert in Business Formation & Tax Solutions 2025

    Mercurius, established in 2008, is a global chartered accountancy firm delivering trusted, tailored solutions in company setup, tax, audit, compliance and advisory. With a team of 400+ professionals and global affiliations, they empower businesses to achieve sustainable growth with excellence and integrity.

    Offer18 Tracking Platform Pvt. Ltd.
    Lovepreet Singh (CEO)
    Award Category: Most Trusted Campaign Tracking Platform 2025

    A unique campaign tracking platform, Offer18, supports marketers to track, analyse and automate campaigns. It was introduced in the year 2016 and aims to enable businesses to scale their operations and resolve their real-time challenges. Its key features include Anti-Fraud, Offer Automation, Link Checker, Smart Offer and Powerful OfferSync, transforming the performance marketing industry. Looking ahead, Offer18  aspires to expand its venture by focusing on high-potential niches like iGaming, Fintech, mVAS, Dating, eCommerce, and Health and Fitness. Further, the company plans to harness AI, ML, and data analytics to drive innovation, streamline operations, and enhance customer experiences.

    Purple Palette
    Vijay S Rana (Founder & CEO)
    Excellence In Corporate Gifting Solutions 2025

    Purple Palette is a well-known corporate gift company, led by Vijay S. Rana. Founded in 2012 as a printing and design firm, the company has evolved into a leading name for customised promotional products. It offers a wide range of corporate gift hampers, branding and promotional products, custom apparel, event gifts and more.  The core mission of the company is to support businesses in building strong employee connections through meaningful and top-notch gifting options. Looking ahead, Purple Palette aims to expand into new cities, strengthen its packaging and logistics and explore opportunities in the global market.

    myBillBook
    Rakesh Yadav the CEO and Rahul Raj and Aditya Naik
    Excellence in GST & E-Invoicing Solutions 2025

    myBillBook, a flagship introduced by FloBiz, provides simple, smart, scalable and digital solutions. Founded by the visionaries Rakesh Yadav, Rahul Raj and Aditya Naik in 2014, myBillBook has become a go-to partner for more than a core business, providing user-friendly solutions to transform daily operations and optimise business performance. It is empowering India’s MSMEs to take their business to new heights by offering top-notch digital solutions.  Looking ahead, the company aspires to harness AI and automation to streamline workflows and ensure accessibility for businesses.

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