Category: Business

Mumbai (Maharashtra) [India], August 8: The stage is being set, and the transformation is in full swing. With just three days remaining until the gates open for Automation Expo 2025, the Bombay Exhibition Centre in Goregaon is already abuzz with construction crews, technology teams, and exhibitor installations. Asia’s largest automation exhibition is taking shape—brick by brick, booth by booth—across an expansive 36,000 square meters of dedicated space.

With less than 48 hours remaining, the countdown is no longer a number—it’s a signal. A signal that India is ready to lead. That innovation is ready to be witnessed. And that industry decision-makers should be ready to act. The doors open on August 11, and what awaits inside will not just inform — it will inspire.

Across the exhibition grounds, over 2,000 exhibiting companies are moving into their final stages of installation. Sophisticated industrial robots are being calibrated. IIoT-enabled systems are going live. Smart sensors, control instruments, cybersecurity solutions, and energy-efficient platforms are being meticulously prepared for live demonstration. This is not an expo being assembled—it’s a vision being realized.

“Automation Expo stands as a premier platform that continually shapes the future of automation across India’s industrial landscape. With each successive edition, it reinforces its reputation through visionary themes and transformative showcases.

The 2025 edition is poised to spotlight sustainability at its core—featuring cutting-edge, AI-driven, energy-efficient, and environmentally responsible automation solutions that not only enhance operational productivity but also align with global environmental goals. Wishing Automation Expo 2025 unparalleled success. – Mr.  V.B. Srikar, Co-Chairman, Nagman Instruments & Electronics Private Limited, Chennai.

“Excitement builds as Automation Expo 2025 promises ground-breaking innovations and smart solutions that redefine industry standards. From intelligent robotics to next-gen control systems, the expo is set to showcase the future of automation in action. A must-attend for visionaries and tech leaders eager to explore transformative trends shaping tomorrow’s connected world.”  — Dr. Hemal Desai, Vice President, Endress+Hauser,   India.

“Automation Expo continues to cement its position as Asia’s premier automation technology event, and this year, it’s bigger and better than ever. A dedicated hall for robotics reflects the growing momentum of automation and robotics adoption in India. Alstrut, as the Platinum Partner of Universal Robots in India, will showcase close to 10 collaborative robot applications, highlighting real-world use cases across industries. We’re also excited to feature the world’s first autonomous robot for pallet movement and trolley towing from Peer Robotics. This expo is a must-visit for anyone looking to stay ahead in the future of automation.” — Mr.  Anuj Bihani, Managing Director, Alstrut India Private Limited.

“Dear All, an exciting and transformative event is just around the corner—Automation Expo 2025, the biggest celebration of innovation in our industry. Axis Solutions Limited is proud to showcase state-of-the-art products and integrated Industry 4.0 system solutions that redefine efficiency and intelligence. Come explore, connect, and witness the future of automation. Looking forward to seeing you there!” — Dr. Bijal Sanghvi, Managing Director, Axis Solutions Limited.

This year’s edition, organized by IED Communications Ltd., represents far more than a trade event. It is India’s industrial signal to the world: that its factories, supply chains, and digital infrastructure are accelerating into a smarter, more sustainable, and resilient era. Automation Expo 2025 is the definitive platform where manufacturing vision meets execution—and where global partnerships are born.

Every hour from this moment on brings us closer to a convergence of minds and machines, of decision and direction. For those building the future—CEOs, engineers, strategists, policymakers—this event is your inflection point. What’s coming is not a glimpse, but a deep dive into the technologies that will govern the next decade of industrial performance.

The future of industry doesn’t wait—and neither should you. In just days, Automation Expo 2025 will unlock an ecosystem where technology meets leadership, and ideas become action. This is your moment to be part of India’s defining industrial movement. Secure your badge, step into the momentum, & Register now—because progress has a deadline.

Automation Expo 2025 is ready. India is ready. The world is watching.

Conference Registration Link: https://pages.razorpay.com/pl_Qw1aYSjQiwek7J/view

Automation Expo 2025 – Visitor Registration Link: https://www.viablesoft.org.in/AutomationExpo2025VD/index.aspx

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Kolkata (West Bengal) [India], August 8: Exide Industries Ltd. is pleased to announce the appointment of Ms. Deepa Singh to the position of Vice President & Head – HR & Admin, effective 1st August 2025. 

Ms. Singh has been an integral part of the company’s HR leadership team for the past two years, consistently bringing strategic insights and a deep understanding of people and processes. 

In her new role as VP & Head – HR & Admin, she will lead the overall HR strategy and administration functions, focusing on talent development, culture building, employee engagement, and organizational effectiveness.

Commenting on the same, Mr. Avik Roy, MD & CEO of Exide Industries Ltd. said: “Deepa’s vision, proven track record, and insightful experience will further strengthen our people management, industrial relations, and other key areas, driving cross-functional efficiencies in the Company.”

Academically, Deepa holds a Bachelor’s degree in Physics (Hons.) and a Master’s in Human Resource Management. Over the years, she has gained extensive domain experience across all HR verticals, including Industrial Relations and Centers of Excellence (CoEs).

With an impressive 18 years of experience across renowned organizations such as Raymond Ltd., Jet Airways, Reliance Industries Ltd., and Lohia Corp, Deepa possesses an extensive understanding of both manufacturing and service-based industries.

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Mumbai (Maharashtra) [India], August 8: Mitsu Chem Plast Limited (Mitsu, The Company) (BSE:540078), one of the leading global manufacturers of Blow moulded & Injection Moulded products and a specialist in hospital furniture components, Infrastructure Products, Packaging Bottles Drums, Jerrycan, Pails and Caps, has announced its Unaudited Financial Results for Q1 FY26.

Key Financial Highlights

• Total Income of ₹ 85.40 Cr, YoY growth of 6.23%
• EBITDA of ₹ 5.01 Cr, YoY growth of 4.06%
• Net Profit of ₹ 1.31 Cr, YoY growth of 20.57%
• Net Profit Margin of 1.54%, YoY growth of 18 Bps
• EPS of ₹ 0.97, YoY growth of 21.25%

Commenting on the performance, Mr. Jagdish Dedhia, Chairman of Mitsu Chem Plast Limited said,“We are delighted to start FY26 on a good note, delivering a 21% year-on-year growth in Net Profit during Q1. This performance reflects our unwavering commitment to operational excellence, innovation, and sustainable value creation for all stakeholders.

Our strategic roadmap to achieve ₹1,000 Cr in annual revenue by 2028 is well on track, supported by focused expansion in our Healthcare Furniture division under the Furnastra brand and scaling up our Packaging Products portfolio.

It is also an honour to be recognized with the prestigious ‘Master of Risk – Manufacturing’ award, reaffirming our robust risk management practices and leadership in manufacturing.

With a dedicated team and a clear vision, we are confident of maintaining this growth momentum and unlocking new opportunities in the quarters ahead.”

Key Operational Highlights Strategic Growth Roadmap Announced an ambitious plan to achieve ₹ 1,000 Cr in annual revenue by 2028, reinforcing its long-term growth vision. Expanding the Healthcare Furniture division under the Furnastra brand, introducing modern, design-forward solutions for hospitals. Scaling up the Packaging Product Vertical with a strong focus on Pails, Blow Moulded Containers, and Specialized Caps & Closures, enhancing product diversity and market reach. Prestigious Industry Recognition Honored with the prestigious “Master of Risk – Manufacturing”award in the Small Cap Category at the 11th India Risk Management Awards, organized by CNBC-TV18, recognizing the company’s excellence in manufacturing and strong risk management practices.

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Mumbai (Maharashtra) [India], August 8: Estelar Cosmetics is a modern, homegrown beauty brand proudly launched in India with a vision to redefine beauty standards. Established in 2024 and formally incorporated in early 2025 as Estelar Cosmetics India Private Limited, the brand emerged to address a significant gap in the Indian cosmetics market, offering high-performance products that are effective, ethical, inclusive, and specifically tailored to Indian skin tones.

The brand operates on the philosophy that beauty is more than appearance, it is a form of self-expression and confidence. This belief is reflected in its empowering tagline: “Be You, Unapologetically.” Each product is carefully designed to help individuals feel confident, radiant, and comfortable in their own skin.

What sets Estelar apart is its unwavering commitment to conscious beauty. All formulations are 100% vegan, cruelty-free, and free from harmful chemicals like parabens. Products are enriched with skin-nourishing ingredients such as Vitamin E and Jojoba Oil, ensuring a sensory experience that combines performance with care. From bold Liquid Matte Lipsticks, adaptive pH Sticks, and blendable Blushes to finely milled Compact Powders, every product is crafted with purpose and precision.

Inclusivity is a core value of Estelar Cosmetics. The brand recognizes that beauty is not one-size-fits-all. Its shade ranges and product textures are designed to reflect the vast diversity of Indian complexions and lifestyles. Whether it’s a long-lasting lipstick, a pH stick that adapts uniquely to each skin tone, or a blush that delivers a natural flush to any face—Estelar aims to meet the real needs of real people.

Operating through a direct-to-consumer model, Estelar maintains a strong connection with its growing customer base while ensuring product accessibility. Its products are available on leading marketplaces such as Amazon, Flipkart, and Myntra, and will soon be featured on Nykaa and other major e-commerce platforms. Additionally, purchases can be made through the official website: https://estelarcosmetics.com/

For more details Visit on – https://www.instagram.com/estelarcosmeticsindia/ and https://www.linkedin.com/in/estelarcosmeticsindia/

About the Founder

Rashmi Arun, the founder of Estelar Cosmetics, brings over a decade of experience as an entrepreneur in the retail space. Her deep knowledge of consumer behavior and retail operations, combined with a strong belief in ethical business practices, inspired the creation of a brand that blends beauty with integrity.

Driven by a desire to set a powerful example for her daughters, Rashmi believes that age is never a barrier to starting a fresh, meaningful chapter. Through Estelar, she hopes to show that it’s never too late to chase a dream, build with purpose, and lead with values.

Having spent years observing market gaps and evolving consumer preferences, she recognized the need for high-quality, clean, and inclusive beauty products in India. Her vision for Estelar goes beyond cosmetics—it’s about building a brand rooted in trust, transparency, and long-term impact. She believes that true beauty empowers individuals to embrace who they are, without apology or compromise.

Under her leadership, Estelar is steadily carving its space in the Indian beauty ecosystem—where performance meets purpose, and where every product celebrates beauty in its real, radiant, and unapologetic form.

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New Delhi [India], August 8:  UST, a leading digital transformation solutions company, has partnered with ThinkBio.Ai®, an AI-powered solutions provider for biopharmaceutical and healthcare organizations. This strategic partnership will empower UST to more efficiently leverage its expertise in digital transformation and advanced solutions to complement ThinkBio.Ai’s innovative AI-powered R&D capabilities. Together, the companies will deliver transformative solutions that accelerate AI transformation journeys and improve outcomes for biopharma and healthcare organizations worldwide.

Leveraging advanced in-house expertise in oncology, immunology, neurology, and cardiology, ThinkBio.Ai has developed a suite of AI-powered solutions to address critical challenges across pharma and biotech preclinical and clinical R&D pipelines. These include data-driven strategies to identify the most optimal treatments, salvaging failed drugs through repurposing or combination therapies, and improving clinical trial success through biomarker-driven patient stratification and digital twin-enabled trial matching.

In addition, ThinkBio.Ai’s AI-enhanced Research Co-pilot (R-COP) utilizes AI to extend the existing Laboratory Information Management System (LIMS) capabilities. Fully interoperable with existing infrastructure, this next-generation tool transforms routine processes into dynamic, insight-driven research operations. These solutions are designed to support biopharma companies and healthcare providers in accelerating innovation and improving patient care.

ThinkBio.Ai’s biological and clinical insights are powered by experts and delivered through the BioThinkHub data platform, drawing from expertly curated data and knowledge from proprietary and public data sources.

“This partnership will bring our unique AI and knowledge-based transformation products and solutions for Research and Discovery (R&D) to UST’s focus on digital transformation capabilities and building Gen AI solutions for different industries, including the life science sector. Together, we will build custom ecosystems to help clients and partners stay ahead in a well-regulated, dynamic, and competitive landscape,” said Pradeep Palazhi, Founder and Chief Executive Officer, ThinkBio.Ai®.

“We will integrate ThinkBio.Ai’s AI-powered R&D transformation solutions with UST’s strengths in digital transformation and Gen AI across life sciences – pharma, biotech, and medical devices. This strategic collaboration will drive innovation, accelerate time-to-value, and deliver measurable impact across the research and development value chain for our customers,” said Anu Koshy, Life Science cluster leader, UST.

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Surat (Gujarat) [India], August 8: On a humid August morning, before the crowds arrived and the banners fluttered high, something quite ordinary happened that felt… symbolic. A young woman, notebook in hand, stood quietly near Gate 2 of the Indoor Stadium, scanning the list of booths at the TAAPI Travel Expo 2025. She wasn’t there to plan a holiday. She was looking for work – or maybe, just a place to start again.

Over the next two days, she’d find both.

That’s the kind of ripple this year’s TTE-2025, hosted by the TAAPI Association, created in Surat. It wasn’t just a showcase of airline discounts and fancy resorts. It became a space of stories, of first steps, unexpected connections, and for many – hope that didn’t come printed on a glossy brochure.

A Start That Felt Bigger Than Ceremony

The event was formally flagged off at the Indoor Stadium on Ghod-dod Road on August 3, with the kind of dignitary presence you’d expect at a major city event. Names like Shri Nikhil Madrasi (SGCCI President), Shri Ashok Jirawala (FOGWA President), and Sushree Vandana Seth (VP, Akhil Hind Mahila Parishad) brought both gravity and applause. The Mayor of Surat gave it a warm push – talking not just about tourism, but its deeper contribution to jobs, economy, and cultural pride.

Nikhil Madrasi probably said it best:
“Events like this tell us how far Surat has come. We’re not just trading goods anymore – we’re exporting experience.”

By the time the speeches ended, over 2,000 people had already passed through the gates.

More Than Deals: The Quiet Power of Human Exchange

There were more than 170 exhibitors, offering everything from Diwali tour packages to remote eco-stays. Sure, there were crowd-pleasers: hourly lucky draws, flash discounts, selfies with regional mascots.

But you had to look a little closer to see where the real action was.

In quieter corners, job seekers were submitting CVs. Students from local institutes were taking notes, not flyers. At some booths, interviews were happening right on the spot. In total, more than 3,000 job openings were shared – a number that surprised even the organisers.

One exhibitor, a hotelier from Rajasthan, mentioned he hadn’t expected to meet so many capable young women. “They knew their tech, they knew the industry… and they just needed a chance,” he said, tucking away a stack of resumes for follow-up.

And that’s the kind of undercurrent that ran through the expo – especially for the 500+ women who came not as tourists, but as future business owners, travel consultants, and marketers. Many sat in on special mentoring sessions. Some walked out with business ideas. A few even found collaborators on the spot.

Day Two: When Business Dressed Down and Got Real

The second day was all B2B. But again, it didn’t feel stiff or scripted. There was a sense that everyone here – from small-town agents to larger hospitality firms – were actually listening to each other.

Over 500 professionals attended. Some scribbled down WhatsApp numbers on leaflets. Others did quick demo pitches on iPads. What stood out was how organic it all was – no stage management, no overuse of buzzwords. Just real conversations about where tourism in India is going.

Vinesh Shah, President of TAAPI Association, said it best:
“We wanted this to feel like a community, not a transaction. And I think we managed that.”

A Future Carved Quietly: TAAPI Travel Institute

Just as the energy was peaking, TAAPI VP Jignesh Patel dropped a little surprise: Surat will soon have a TAAPI Travel Institute – a dedicated centre for career courses in tourism and hospitality.

Not an announcement for applause. But for direction.

The idea is to build a pipeline of talent, trained with both knowledge and humility – the kind the industry so often forgets it needs.

For many of the students who visited TTE-2025, this bit of news felt like an open door.

When an Expo Becomes Something Else Entirely

By the time the booths were being packed up, there wasn’t much fanfare. But the stories lingered.

A woman from Varachha signed her first-ever partnership deal to sell custom tour packages. A 21-year-old hotel management student walked out with an internship offer. An elderly couple left clutching a leaflet for a Northeast India tour – a dream they had shelved for years.

That’s the thing about events like this. The metrics matter – 2,000+ visitors, 170+ exhibitors, 3,000+ job openings – yes, impressive. But what sticks is the smaller stuff. The real stuff.

Maybe next year, that girl at Gate 2 will be the one behind the counter, offering someone else their first opportunity. That’s how travel changes people – even when they don’t move an inch.

New Delhi [India], August 6: This funding will enable iShots^TM to launch its initial product lines, conduct extensive product sampling, garner consumer acceptance and establish a robust and scalable distribution channel comprising both online and offline.

iShots Beverages Pvt. Ltd., an emerging leader in the Indian Functional Nutrition space, announced the successful closure of its pre-seed funding round, raising a total of Rs. 2 Crores. The company seeks to revolutionize the functional beverages landscape in India by blending nutrition, innovation and flavor with a deep understanding of evolving consumer trends including growing health awareness, clean label movement and the need to balance health benefits with great flavor.

iShots^TM proprietary product line comprises functional wellness shots and fizzies, functional energy drinks, functional prebiotic + probiotic drinks that operate under its iShots^TM and Delulu^TM brand names. It plans to bring several firsts to the market including highly bioavailable liquid nutrition shots and herb infused carbonated drinks to support anti-aging, weight management, endurance, stress and mood management. All of the company’s products are Zero Sugar, Zero Calorie and made with curated and completely natural ingredients including Superfoods, Herbs, Vitamins & Minerals.

The company was founded in Mar this year by Ms. Nidhi Saxena, a 3X entrepreneur alongwith a team of Co-Founders including Food Technologists, Clinical Experts, and Seasoned Marketers. Nidhi had earlier successfully exited Karmic Lifesciences, her maiden venture. The pre-seed round drew participation from a group of angel investors in India and the US, all of whom recognized the immense potential and disruptive capabilities of iShots Beverages. This strategic injection of capital will be instrumental in accelerating the company’s mission to introduce unique, health-focused, and sustainable nutrition options to a diverse and growing Indian market.

“This funding round happens at a most opportune time when we are preparing to launch our first SKUs into the market,” said Ms. Nidhi Saxena, Founder & MD at iShots Beverages Pvt. Ltd. “The quick closure of this funding round within a month validates our vision. While we are not in a hurry to raise more funds, we will be looking for a larger Pre-Series round post product launch and seeing some on ground traction.”

Added Shrikant Gaikwad, the Chief Operating Officer of the company, “We took just 5 months to get our full product line-up and formulations ready and set-up the logistics backend. We are excited about going live shortly and hope to play big in this space as we scale.”

The Indian Packaged F&B Industry is a $220 Bn+ market growing at 8-10% CAGR. Within this, Packaged Health F&B is identified as a $10 Bn growing at a CAGR of 8.1% (2024) and projected to grow to $68.4 Bn by 2030 thereby presenting an exciting opportunity for agile startups like iShots Beverages. iShots Beverages Pvt. Ltd. is uniquely positioned to capitalize on this trend, thanks to its innovative approach and nimble operating model. The company’s focus on ingredient transparency, authentic flavors, and nutritional value alongwith a quirky brand positioning sets it apart from conventional beverage brands.

Contact Information

For media inquiries, partnership opportunities, or more information about iShots Beverages Pvt. Ltd. and its recent funding round, please contact:

Media Relations

iShots Beverages Pvt. Ltd.

Email: communications@ishotslife.com

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Mumbai (Maharashtra) [India], August 7:  Pantomath Capital today announced the appointment of Kamraj Singh Negi as MD & CEO (Investment Banking). Kamraj joins from DAM Capital, along with his core team, including Siddharth Shah and Sharad Dhariwal. Notably, all three were part of the senior leadership at DAM Capital prior to this transition. This strategic leadership expansion further strengthens Pantomath Capital’s deep commitment to catalysing the growth of India’s most promising businesses.

Pantomath Capital, part of the Pantomath Group, which houses a large Pre-IPO fund, Mutual Fund, Retail broking and other financial services, is a leading investment bank for mid-market enterprises, with over 150 successfully closed transactions across IPOs, private equity, M&A, and structured solutions. It prides itself in taking companies public that traditional investment banks often overlook—leading high-conviction mandates that contribute to the theme of nation building. As the sole banker in several IPOs, Pantomath Capital has built institutional participation from the ground up, earning a reputation for spotting asset-backed, scalable companies early on — those emerging from Tier 2 & Tier 3 cities and beyond. As an organisation, it has consistently backed growth stories outside traditional metro hubs.

Kamraj brings over two decades of experience in the capital market, M&A, and institutional leadership. He was most recently Managing Director – Investment Banking at DAM Capital, where he led several marquee transactions across sectors. Prior to that, he held senior roles at IDFC Securities, IDFC First Bank, Vodafone Idea, and other established institutions. Well-regarded for his strategic clarity and decisive execution, Kamraj’s transaction expertise spans telecom, media, internet, retail, FMCG, and financial services.

Siddharth and Sharad bring over two decades of investment banking experience each, in leading organisations like Enam Securities, Axis Capital, amongst others, having led large and complex transactions across ECM, M&A, private equity, and strategic advisory. They have advised leading corporates and financial sponsors on both buy-side and sell-side mandates, capital market transactions and long-term capital strategies. Their strong client relationships make them instrumental in managing high-value mandates. Both will take on senior leadership roles at Pantomath Capital as Managing Directors.

“Pantomath Capital is a fast-growing institution that truly understands the potential and growth ambitions of companies from Tier 2, Tier 3 cities and beyond — the real builders of Bharat. It stands out as a prominent investment bank in India with entrepreneurial DNA, deep-rooted promoter access, and the proven ability to convert relationships into meaningful capital market outcomes. The volume and quality of transactions at Pantomath Capital are testament to that,” remarked Kamraj Negi, MD & CEO (Investment Banking), Pantomath Capital.

“Pantomath Capital stands out for its sharp execution focus and ability to identify scalable businesses ahead of the curve,” said Siddharth Shah, MD (ECM), Pantomath Capital and  Sharad Dhariwal, MD (ECM), Pantomath Capital, in a joint statement. “We are excited to join, and proud to be part of a team that’s redefining what investment banking can mean for Bharat.”

“This is not just a leadership hire—it’s a significant step forward in our long-term commitment to scale with quality,” said Mahavir Lunawat, Founder, Pantomath Capital. “With Kamraj, Siddharth, and Sharad joining us, we are bringing in a high-calibre leadership team with a proven track record in capital raise and Advisory. Pantomath Capital already has a strong, execution-led investment banking team with deep sectoral expertise. Backed by a robust and growing pipeline of domestic and cross-border mandates, we are now well-positioned for the next phase of strategic expansion. Our focus remains unwavering — to partner with high-growth companies, champion the Make in India mission, and enable inclusive wealth creation for discerning investors.”

As India’s mid-market opportunity accelerates, Pantomath Capital continues to lead with institutional rigour, strategic depth, and a focused mission—unlocking value where a few are looking, and delivering outcomes that stand apart.

About Pantomath Capital:

Pantomath Capital Advisors Private Limited is the investment banking arm of the Pantomath Group, known for its discovery-led approach to capital formation and deep alignment with founder-driven enterprises. As a SEBI-registered Category I Merchant Banker, the company has built a reputation for precision-led execution across IPOs, QIPs, private placements, and M&A. Pantomath Capital is among the most active and trusted investment banker to mid-market companies. With a sector-agnostic approach backed by proprietary research, regulatory clarity, and capital markets expertise, it plays an active role i India’s public market ecosystem—not just as facilitators, but as long-term capital architects.

About Pantomath Group:

India’s most integrated & fastest growing mid-market financial services group  

Built for Bharat & Beyond

Pantomath Group is a diversified financial institution built on the conviction that capital, when deployed with insight and intent, can shape enduring institutions and catalyse meaningful economic progress. Founded by Mahavir Lunawat and Madhu Lunawat, the Group brings together institutional discipline with entrepreneurial drive. Pantomath has evolved into a full-spectrum capital powerhouse spanning investment banking, asset management, retail and institutional participation, and digital capital infrastructure. Headquartered in Mumbai with pan-India operations and a regulated presence at GIFT City through The Wealth Company, and a growing global footprint across USA, Singapore & UAE.

For more info: www.pantomathgroup.com

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Ahmedabad (Gujarat) [India], August 7: Narmada Agrobase Limited (BSE: 543643, NSE: NARMADA), one of the leading players in the manufacturing of cattle feed and agro-based byproducts, announced its Unaudited Financial Results for Q1 FY26.

Key Financial Highlights of Q1 FY26

• Total Income: ₹1,141.34 lakhs
• EBITDA: ₹165.10 lakhs, QoQ growth of 82.01%
• EBITDA Margin: 14.47%, expansion of 1140 bps
• Net Profit (PAT): ₹101.90 lakhs, QoQ growth of 30.98%
• Net Profit Margin: 8.93%, expansion of 630 bps

Commenting on the performance, Mr Neeraj Agrawal, Chairman & Managing Director of Narmada Agrobase Limited said, “Our continued focus on delivering superior quality products has enabled us to strengthen profitability, with EBITDA margins expanding by 1140 basis points QoQ to 14.47% in Q1 FY26. This performance reflects our commitment to operational excellence and product consistency, with total income of ₹1,141.34 lakhs in the quarter. Despite this, we maintained enhanced margins, underscoring the resilience of our business and the effectiveness of our quality-first strategy.

Our continued emphasis on producing high-quality, cottonseed-based cattle feed and allied products has helped us maintain customer trust and market relevance. As an ISO certified organization, we remain committed to upholding stringent quality standards and ensuring consistent product delivery across geographies.

We are strategically positioning the Company for its next phase of growth. With plans underway to expand into Asia-Pacific markets and further optimise our operations, we are confident in our ability to unlock long-term value for stakeholders.”

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Surat (Gujarat) [India], August 7: You could say it started like any other Tuesday in Surat – buzzing traffic, hurried tea breaks, and a steady pre-Diwali pace. But step inside the sprawling venue of the Progress Alliance Mega Business Meet 2025, and you’d feel something different in the air. Not just the usual optimism – but urgency.

Over 1,700 business owners and entrepreneurs from across Gujarat weren’t there for small talk. They came with a purpose: to regroup, rethink, and recharge – especially in light of the recently imposed 25% US tariff on Indian exports. It’s not the kind of news that MSMEs can afford to ignore during a make-or-break festive season.

And yet, the room didn’t feel worried. It felt awake.

A Setback or a Setup for a Comeback?

That was the question hanging in the air, even if no one asked it out loud.

Kamal Deora, the founder of Progress Alliance, didn’t sugarcoat the situation. “Yes, the tariffs are going to sting,” he admitted, pausing before adding, “But they also remind us what self-reliance really means.”

Referencing Prime Minister Modi’s Atmanirbhar Bharat and Swadeshi push, Deora called for a redoubled focus on Indian-made products, stronger local networks, and smart digital adoption. The applause wasn’t thunderous – it was thoughtful. It came from people who understood that patriotism isn’t a slogan when you’re running a business. It’s a choice made in sourcing, pricing, hiring, and delivering.

Strategising for Diwali: Less Panic, More Planning

With Diwali around the corner, most participants didn’t have the luxury of delay. They dove straight into brainstorming – how to adjust product lines, manage costs, and tap into local markets if export pipelines get choked.

The event’s heartbeat was in its B2B meeting rounds, where deals were discussed and partnerships shaped over handshakes and cutting chai. Some spoke of shifting focus to domestic orders. Others floated the idea of joint ventures for shared logistics.

One dry fruit exporter from Rajkot summed it up in a sentence: “If America sneezes, we learn to carry an umbrella.”

It was also refreshing to see women entrepreneurs and first-gen business owners taking center stage. Separate sessions were held on digital marketing, branding, and leadership – not in theory, but grounded in hard-earned stories. One young participant from Ahmedabad shared how Instagram Reels helped her textile business grow by 220% in just eight months. Her phone buzzed through the session with live customer pings.

A Platform That’s More Than Just a Network

The Progress Alliance isn’t your typical business group with surface-level greetings and vague promises. Founded in 2014, it has grown into a 5,000-member strong community across 13 cities. But more than numbers, what stands out is how hands-on their approach is.

From debt recovery support (₹400 crore and counting) to facilitating ₹2,000 crore worth of loan repayments, their model is action-oriented. In fact, many MSMEs credit the platform for helping them survive not just market swings, but personal crises – unpaid invoices, sudden liquidity crunches, and unscalable sales models.

Their programs have quirky names but serious intent:

• Shikhar helps members master the sales game
  
• Yoddha focuses on team training
  
• Vandan honours parents in business families
  
• Udaan is designed just for teens – because why wait to build leaders?
  

These initiatives aren’t an afterthought. They’re what keep the engine running between big meetings like this one.

What Comes Next? Building, Not Bracing

It’s tempting to wrap up a meet like this with big promises or punchlines. But that’s not how this crowd operates.

As people stepped out – some onto overnight trains back to Vadodara, others to WhatsApp catch-ups with teams – there was a shared understanding. The game has changed. Global policies can throw punches, but India’s entrepreneurs have never relied solely on perfect conditions.

“If there’s a tariff, we adjust,” one manufacturer shrugged. “If there’s demand, we deliver. And if there’s a challenge, we do what Gujarat’s always done – we adapt, and we move.”

That may not sound dramatic. But it’s exactly the kind of grounded grit that will define the festive season ahead – and the long road beyond it.