Category: Business

  • Shipwaves Secures ₹1.56 Crore Logistics Digitalization Order from Hindalco Industries

    Shipwaves Secures ₹1.56 Crore Logistics Digitalization Order from Hindalco Industries

    Mumbai (Maharashtra) [India], March 13: Shipwaves Online Limited has announced that it has secured a significant purchase order worth ₹1,56,70,678 from Hindalco Industries Limited to implement a comprehensive end-to-end logistics digitalization solution designed to enhance Hindalco’s export and freight management operations.

    The order, disclosed under regulatory requirements to BSE Limited in accordance with Securities and Exchange Board of India (SEBI) Listing Regulations, marks an important milestone in Shipwaves’ growth journey and reflects increasing demand for technology-driven logistics solutions among large manufacturing enterprises.

    Hindalco, a flagship metals company of the Aditya Birla Group, selected Shipwaves after evaluating multiple logistics technology platforms and recognizing the company’s specialized capabilities in digitizing global freight operations.

    Under the engagement, Shipwaves will deploy its advanced platform to support Hindalco across several key areas of logistics management, including:

    • End-to-End Export Shipment Management: A centralized system for planning, documentation, tracking, and execution of export shipments.
    • AI-Enabled Freight Bill Audit: Automated validation of freight invoices to improve cost accuracy and reduce revenue leakage.
    • Digital Freight Tender Management for Imports: A transparent and structured digital platform for managing freight procurement and tendering across logistics partners.

    Industry observers note that the adoption of digital freight management platforms is gaining momentum as companies seek to streamline global supply chains, improve transparency, and optimize logistics costs.

    For Shipwaves, the collaboration also strengthens its presence within the Aditya Birla Group ecosystem, following the earlier onboarding of Grasim Industries on its platform.

    The contract, which will be executed over a three-year period, further validates Shipwaves’ technology as a scalable and enterprise-ready solution for global manufacturers looking to modernize their logistics infrastructure.

    Company officials stated that securing a marquee enterprise client like Hindalco reinforces Shipwaves’ position as a trusted technology partner for large industrial organizations seeking digital transformation in supply chain and freight management.

    Safe Harbor

    Any forward-looking statements about expected future events, financial and operating results of the Company are based on certain assumptions which the Company does not guarantee the fulfilment of. Past performance should not be simply extrapolated into the future. These statements are subject to risks and uncertainties, and actual results might differ substantially or materially from those expressed or implied. Important developments that could affect the Company’s operations include a downtrend in the industry (global or domestic or both), significant changes in the political and economic environment in India or key markets abroad, tax laws, litigation, labour relations, exchange rate fluctuations, technological changes, investment and business income, cash flow projections, interest, and other costs. The Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date thereof.

  • Haveus Aerotech Expands India’s MRO Footprint with Landmark DGCA Approvals and Strategic Safran Cabin Germany Partnership

    Haveus Aerotech Expands India’s MRO Footprint with Landmark DGCA Approvals and Strategic Safran Cabin Germany Partnership

    New Delhi [India], March 12: Haveus Aerotech India Limited continues to redefine the aerospace Maintenance, Repair, and Overhaul (MRO) landscape in India, announcing a series of strategic expansions and first-of-their-kind regulatory approvals aimed at bolstering the nation’s aviation infrastructure.

    Strengthening the South: Bangalore’s New Hub

    In a significant move for regional aviation, Haveus Aerotech has secured DGCA approval for its Bangalore facility to handle specialized Galley, Avionics and Life-Saving Equipment.

    This facility now hosts South India’s first and only Safran Cabin Germany-authorized service station. With existing authorizations already operational in North India, Haveus Aerotech now provides a seamless, dual-region support network. This strategic positioning ensures that Indian airlines have immediate access to world-class OEM-authorized services at both ends of the country, significantly reducing logistical lead times and enhancing operational comfort.

    Breaking New Ground in North India

    Setting a new benchmark for technical capability, the DGCA has granted Haveus Aerotech approval for Environmental and Temperature Controlled Cargo Containers at its Delhi unit—a first for any MRO in India. This follows the company’s previous milestone as the first Indian MRO to establish a dedicated shop for Unit Load Device (ULD) container repair, a move that fundamentally changed the cargo logistics game in the domestic market.

    Furthermore, the North India facilities have expanded their portfolio to include:

    • Cabin Interior Repairs: Specialized seat cover and upholstery services.
    • Advanced Fabrication: In-house repair and fabrication of critical plastic components.

    World-Class Infrastructure & Accessibility

    To support these advanced capabilities, Haveus Aerotech has invested in massive, strategically located infrastructure with the Bangalore Facility Spanning 1.5 lakh square feet and the Delhi Facility exceeds 50,000 square feet.

    Both hubs are located within 10 minutes of their respective international airports, ensuring rapid turnaround times (TAT) that are critical for airline efficiency.

    Supporting “Make in India” and Operational Efficiency

    These investments reflect Haveus Aerotech’s commitment to building a self-reliant MRO ecosystem in India. By bringing high-end technical repairs onto Indian soil with the steadfast support of the DGCA, Haveus is directly helping domestic carriers lower their cost of operations.

    “Our goal is to ensure that Indian airlines no longer need to look abroad for specialized component support,” the company stated. “By investing in infrastructure and securing world-class OEM partnerships like Safran Cabin Germany, we are making aviation maintenance faster, cheaper, and more reliable within our own borders.”

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  • Kolkata’s Startup, Yes Sir Secures Funding to Expand Men-Only At-Home Massage & Grooming Services across India

    Kolkata’s Startup, Yes Sir Secures Funding to Expand Men-Only At-Home Massage & Grooming Services across India

    Kolkata (West Bengal) [India], March 12: Kolkata-based men’s grooming and wellness startup Yes Sir has secured fresh investment from Kolkata Ventures and Bengal Angel Network, as the fast-growing platform looks to accelerate expansion across India’s rapidly evolving men’s personal care and wellness market.

    Launched in 2024, Yes Sir has quickly emerged as a specialised platform offering on-demand grooming and massage services exclusively for men, building a strong presence across 13 cities including Delhi, Kolkata, Mumbai, Bengaluru, Hyderabad, Pune, Ahmedabad, Lucknow, Chandigarh, Noida, Gurgaon, Ghaziabad and Faridabad.

    The company is currently valued at ₹118 crore and has served over 1 lakh customers, with a repeat usage rate of 74 per cent, reflecting strong customer retention in the growing male wellness segment.

    Yes Sir has 250+ trained wellness professionals in 13 cities, earning ₹75,000 per month on average, creating a premium gig economy segment. Given the company’s focus on privacy & LGBTQ friendly model, gay and bisexual men also feel non-judged at Yes Sir.

    Lead Investor and MD of Kolkata Ventures, Avelo Roy, said, “Urban men across India are waking up to the reality that they are not just ATMs serving their family. At Yes Sir, men are pampered by men. Be selfish, gratify your senses and return to your responsibilities with a fresh body & mind. 

    Bengal Angel Network, which participated in the investment, comprises several prominent Bengali entrepreneurs and business leaders including CAB President and former Indian cricket captain Sourav Ganguly, Chandrasekhar Ghosh, Chairman of Bandhan group, Samit Ghosh, Founder of Ujjivan Bank and Suvankar Sen, Managing Director and CEO of Senco Gold, among others.

    Kolkata Ventures is regarded as East India’s largest startup incubator, having supported more than 550 revenue-generating startups over the past decade. The organisation operates as an Indo–US collaboration with investors from India and the United States, aimed at fostering entrepreneurship and driving economic growth in eastern India.

    The fresh capital will be used to expand into new cities, strengthen technology infrastructure and scale operations, as  Yes Sir aims to consolidate its position in India’s fast-growing men’s grooming and wellness market.

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  • Dynamic Entrepreneurs Driving Meaningful Growth with Their Businesses

    Dynamic Entrepreneurs Driving Meaningful Growth with Their Businesses

    New Delhi [India], March 11: In today’s rapidly evolving business landscape, a new generation of entrepreneurs is emerging with ideas that go beyond profit to create meaningful impact. These dynamic leaders are not only building successful enterprises but are also redefining industries through innovation, resilience, and purpose-driven strategies. From embracing technology to addressing real-world challenges, they are shaping businesses that contribute to economic growth while delivering value to society.

    Ashwani Kumar Sharma – Founder, ESIGN WEB SERVICES

    Ashwani Kumar Sharma is the Founder and Director of eSign Web Services, a New Delhi–based digital marketing agency established in 2007. He is a digital marketing expert specializing in AI-powered SEO, Generative Engine Optimization (GEO), Google Ads management, social media marketing, content writing, and web design and development. Under his leadership, the agency has delivered strategic digital solutions to businesses across 25+ countries, helping brands build strong online visibility and sustainable growth. Known for combining data-driven strategies with ethical marketing practices, Ashwani focuses on measurable performance and long-term brand authority. His consultative approach enables startups, SMEs, and enterprises to align marketing initiatives with clear business objectives and scalable digital transformation.

    For more information, visit: https://www.esignwebservices.com

    Amit Sharma – Founder, Technocratiq Digital

    Amit Sharma, founder of Technocratiq, is redefining India’s B2B landscape through 14 years of global expertise across the finance, healthcare, IT, and energy sectors. Since 2017, he has scaled impactful digital strategies for markets in the USA, UK, Middle East, and Southeast Asia.

    An alumnus of LBS and JCU, Amit integrates his digital transformation and marketing background into his signature “Think-Innovate-Quantify” (TIQ) framework. By embedding advanced Artificial Intelligence across these critical industries, he enables businesses to transcend traditional marketing boundaries, delivering hyper-personalized client experiences at a global scale while turning data-driven insights into measurable market leadership.

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

    Mohit Gupta, Founder, MD & Chairman of Expression 360

    Mohit Gupta, Founder, Managing Director & Chairman of Expression 360 Services India Limited, is a visionary entrepreneur shaping India’s integrated communications ecosystem with strategic foresight and institutional discipline. With over 19 years of experience across advertising, media strategy, and government outreach, he has transformed the INS-accredited firm into a nationally trusted 360° communications enterprise empanelled with multiple central and state ministries and PSUs. Under his leadership, the company has delivered nationally awarded campaigns for SBI and BPCL, executed marquee platforms such as IITF 2024 and the Global Investors Summit 2025, and expanded operations across 25+ States and Union Territories. Known for governance-led growth, digital transformation, and scalable systems, he has grown the organization from 10 to over 200 professionals while actively steering capital structuring, leadership development, and the company’s IPO roadmap

    For more information, visit: https://www.expression360.in/

    Ajaay Beell – Founder, Chessy Finops

    Ajaay Beell is a seasoned financial expert and the driving force behind Chessy Finops, a firm focused on helping individuals and families make informed, long-term financial decisions. With over 15 years of experience, Ajaay has worked with 1,250+ clients across India and globally, including the USA, UAE, Singapore, UK, Canada, and Nigeria.

    Known for his clarity of thought and practical frameworks, he helps people align their financial choices with life goals, bringing discipline and strategic rigor to personal finance. Ajaay regularly engages audiences through corporate sessions and industry events, sharing insights on investment behaviour, disciplined wealth creation, risk awareness, and retirement readiness. His approach is rooted in education, long-term thinking, and empowering individuals to build confidence around their financial lives. Ajaay’s work has made an impact across diverse client segments and has established him as a trusted voice in financial empowerment.

    For more information, visit – https://www.chessyfinops.com/

    Rajinder Vashista – Chairman of Dev Bhoomi Group Companies

    Rajinder Vashista, Chairman of the Dev Bhoomi Group Companies, continues to strengthen his presence in India’s evolving entertainment landscape with the expansion of Grand Cinemaz into Moga, Punjab. Known for his focus on identifying high-potential growth markets, Vashista has steadily positioned Grand Cinemaz as a fast-growing cinema chain catering to audiences beyond metropolitan cities.

    The upcoming multiplex at Orbit Mall reflects this vision, bringing premium cinematic infrastructure to an emerging urban centre. Designed to offer a refined movie-going experience, the property will feature luxurious seating, advanced projection and sound systems, along with a thoughtfully curated food and beverage offering.

    Under Vashista’s leadership, Grand Cinemaz has expanded across multiple cities, supported by a broader national growth strategy. The Moga launch represents another step in his approach of combining entertainment, accessibility, and community-centric experiences within India’s fast-changing leisure economy.

    For more information, visit – https://grandcinemaz.com/

    Priya Singhi Jain – Co-Founder, Emerge Digital

    Priya Singhi Jain, Co-Founder and Head of Design at Emerge Digital, brings over 15 years of experience in building design-led digital brands that combine aesthetics with measurable business outcomes. With expertise spanning user experience, visual design, and strategic thinking, she has worked closely with leading e-commerce brands to develop high-performing, conversion-focused websites grounded in user behavior and growth strategy. Through Emerge Digital, Jain collaborates with several US-based brands, helping them scale through thoughtful design systems, seamless user journeys, and performance-driven execution, while ensuring that creative decisions contribute directly to stronger brand perception and long-term business value.

    For more information, visit – https://emergedigital.co/

    Tarun Kakar, Founder – EZY Wise Services

    Tarun Kakar is a wealth management strategist and registered Mutual Funds Distributor with over 20 years of experience in the financial services industry. He is the Founder of EZY Wise Services (EWS), an independent investment solutions firm specializing in wealth management, insurance advisory, and family office services. Tarun advises individuals, HNIs, NRIs, and family-led businesses across India, helping them build disciplined, goal-oriented financial strategies. EWS today serves hundreds of families and is known for its personalized approach to portfolio management, retirement planning, and insurance solutions. Through investor education sessions, podcasts, and digital content, Tarun actively promotes financial awareness and encourages individuals to build long-term wealth through informed and responsible investing.

    For more information, visit – https://www.linkedin.com/in/tarunkakar/

    Mayan Bansal – Co-founder, The Blind Spot Media

    Mayan Bansal, Co-Founder of The Blind Spot Media and Indian Business Times, is an AI-focused entrepreneur known for combining technology with creative marketing. With more than a decade of experience in branding and advertising, he has helped companies adopt AI-powered solutions that enhance productivity, reduce costs, and improve marketing outcomes. His work includes developing AI marketing videos, AI agents, automation tools, and digital strategies that support business growth. Beyond technology, Mayan also leads a creative studio dedicated to personal branding, producing high-quality podcasts, professional shoots, and digital media content for entrepreneurs and professionals looking to build a strong presence across modern platforms.

    For more information, visit – https://theblindspotmedia.com/

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  • XDuce Acquires Strategic Stake in Dev Information Technology; Establishes Strategic Alignment to Create a Global Digital Transformation Powerhouse

    XDuce Acquires Strategic Stake in Dev Information Technology; Establishes Strategic Alignment to Create a Global Digital Transformation Powerhouse

    Mumbai (Maharashtra) [India], March 11: Dev Information Technology Limited,(NSE – DEVIT, BSE – 543462 | INE060X01034), a global IT services company providing AI, Cybersecurity, Cloud Services, Digital Transformation, Enterprise Applications, and Managed IT Services, with products like AI enabled Talligence and ByteSigner, has announced that XDuce has acquired a strategic stake of approximately 24% in the company to strengthen its AI, Cybersecurity and global footprint.

    This strategic investment establishes a long-term alignment aimed at accelerating global digital transformation business while preserving the independent operations and identity of both organizations.

    The investment is designed to deepen collaboration between XDuce and DEV IT, combining XDuce’s client relationships and market leadership in North America with DEV IT’s large-scale engineering capabilities and global delivery infrastructure, enabling enterprises and SMBs to design, build, and deploy modern digital systems faster.

    Complementary Strengths Driving Global Growth

    The alliance will serve as a high-velocity catalyst for global growth, prioritising a robust physical presence and diversified revenue streams as the collaboration brings together complementary strengths:

    • XDuce: Incorporated in the US and UK with a long physical presence across North America, with strong consulting-led engagements focused on AI innovation, Cybersecurity, digital engineering, strong presence in BFSI, healthcare, education, and public services sectors.

    • DEV IT: Strong offshore delivery capabilities backed by robust governance, engineering expertise focused on emerging technologies, and cost-efficient scalable execution.

    Ensuring Continuity and Operational Stability

    The strategic collaboration has been structured to ensure continuity and stability for customers, partners, and employees. Existing management teams at both XDuce and DEV IT will continue in their current roles, with no structural changes to the organizations, and business operations will continue without disruption.

    Focus on Next-Generation Digital Technologies

    Looking ahead, XDuce and DEV IT will jointly focus on high-growth, next-generation digital transformation technologies, including:

    • Artificial Intelligence

    • Blockchain

    • Cloud

    • Cybersecurity

    • Data & Analytics

    • Data Centre Operations

    • Enterprise Digital Platforms

    Creating Long-Term Value for Stakeholders

    This alliance creates a unique “Best of Both Worlds” scenario for all stakeholders. For clients, it offers access to end-to-end IT services, a broader talent pool and 24/7 global delivery cycles. For internal operations, integrating XDuce’s market reach with DEV IT’s proven technical execution eliminates traditional offshore barriers, ensuring high-velocity project success.

    Ultimately, this strategic move strengthens the balance sheet, increase enterprise level customers, and provides a clear path to becoming a top-tier global IT player, uniquely positioned to dominate high-growth sectors and deliver superior digital outcomes worldwide.

    About XDuce: Headquartered in Edison, New Jersey, XDuce(www.xduce.com) is a technology-led global ecosystem focused on AI innovation, digital engineering, and enterprise platforms. For more than two decades, XDuce has helped organizations design and deliver modern technology systems across industries, including financial services, the public sector, education, and regulated enterprises. With a strong team of expert IT professionals, XDuce is a trusted leader in business transformation and strategic consulting.

    Commenting on the development, Mr. Jay Dave, Founder, XDuce, said: “Our strategic investment in DEV IT reflects a shared vision to build a stronger global digital transformation platform especially on AI & Cybersecurity. With our established presence across North America and the UK, and deep relationships across sectors such as BFSI, healthcare, education, and the public services sectors, we see strong synergy with DEV IT’s engineering capabilities and global delivery strength. Together, we aim to accelerate our geographic expansion, multifold our client base, to help enterprises accelerate the design and deployment of modern digital systems at scale.”

    Mr. Pranav Pandya, Chairman, Dev Information Technology Limited, added: “This strategic alignment with XDuce marks an important milestone in DEV IT’s global growth journey. XDuce’s strong presence in North America and the UK, combined with their enterprise relationships across key sectors, provides us with enhanced market access and new growth opportunities. By combining their consulting-led engagements with our scalable engineering and delivery capabilities, we are well positioned to accelerate digital transformation initiatives for clients worldwide especially in AI, Cybersecurity and MS Enterprise solutions and also expecting to improve margins.”

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  • HOMEFOIL Introduces Grease Proof Paper at AAHAR 2026, Targets Retail and HoReCa Demand

    HOMEFOIL Introduces Grease Proof Paper at AAHAR 2026, Targets Retail and HoReCa Demand

    New Delhi [India], March 11: HOMEFOIL, the premium consumer brand of LSKB Aluminium Foils Pvt. Ltd., has announced its strategic expansion into the paper-based packaging segment with the launch of its Grease proof Paper. Unveiled at AAHAR 2026, the International Food & Hospitality Fair, the move marks HOMEFOIL’s category diversification beyond its established aluminium foil portfolio.

    The newly launched greaseproof paper offers oil resistance of up to 168 hours, significantly higher than conventional uncoated paper formats that typically withstand grease for only five to six hours. Designed to minimise oil seepage and staining, the paper helps maintain cleaner food handling and better presentation across both household and commercial kitchens.

    Made using food-contact safe materials with FDA-compliant additives, the biodegradable and non-toxic paper aligns with HOMEFOIL’s focus on delivering safe, hygienic, and reliable packaging solutions for modern food service and retail needs.

    The product was introduced to distributors, HoReCa operators and retail partners at AAHAR, reflecting growing demand for reliable grease management solutions across both household and food service environments.

    The entry into grease-proof paper marks a strategic expansion of HOMEFOIL’s product portfolio, reinforcing the brand’s effort to provide a comprehensive range of hygiene-focused kitchen and food-protection solutions. By broadening its SKU basket, the company aims to offer consumers and food service operators a more integrated packaging choice under a single brand. The move comes at a time when the food packaging sector is witnessing increasing demand for functional and h7ygienic formats across both retail and HoReCa segments.

    The new Grease Proof Paper has been designed to manage oil absorption, maintain food texture and support hygienic handling during cooking, storage and service. Manufactured in LSKB’s state-of-the-art facilities in Sonipat, the product offers consistent roll strength and thickness for everyday kitchen use, including food wrapping, baking preparation and microwave reheating. The initial rollout features three versatile variants: 20+5, 40, 75 and 90 metres roll, catering to both domestic kitchens and high-volume HoReCa (Hotel, Restaurant, and Catering) requirements. HOMEFOIL’s entry into this segment positions the brand to address these emerging needs while strengthening its presence across the food consumption value chain.

    Commenting on the launch, Mr Kunal Bajaj, Director, Jupiter Group, added, “Food service operators today are managing higher volumes, faster turnaround times and stricter hygiene requirements. Packaging materials that perform consistently under these conditions are becoming critical. The rapid growth of quick service restaurants (QSRs), cloud kitchens, and the evolving food delivery and takeaway ecosystem has played a key role in driving demand for foil and allied packaging solutions in the Indian market. 

    Lakshay Singhal, Director, LSKB Aluminium Foils Pvt. Ltd., said,  Our premium Golden Foil range has emerged as one of the most trusted and widely used products in our portfolio. As consumer expectations around hygiene, food safety and convenience continue to evolve, we see a clear opportunity to bring better quality solutions into the food packaging category. Our entry into grease proof paper is part of this journey — expanding our offerings while maintaining the same focus on reliability and performance. We believe initiatives like these will also contribute to the broader growth and quality standards of India’s food packaging ecosystem.”

    The commercial rollout of HOMEFOIL Grease Proof Paper will commence in March 2026, with distribution across retail and institutional channels. The launch will be supported by the company’s extensive distribution network of over 150 distributors and more than 25,000 channel partners across India, enabling wide market access from the outset. In addition, HOMEFOIL products will be available across major e-commerce and quick commerce platforms including Amazon, Flipkart, Blinkit, Swiggy Instamart, Zepto and Hyperpure by Zomato.

    Alongside the new category launch, HOMEFOIL showcased its flagship Golden Embossed Aluminium Foil, recognised as India’s first Golden Embossed Foil by LSKB, along with its innovative 2-in-1 Paper & Golden Foil and a comprehensive aluminium foil range designed for superior food preservation, hygiene and heat retention at AAHAR 2026. This established foil portfolio continues to provide the foundation for the brand’s expansion into adjacent and complementary food packaging categories.

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  • VPRPL Strengthens Financial Position with Rs 285 Cr Promoter Infusion and Significant Debt Reduction

    VPRPL Strengthens Financial Position with Rs 285 Cr Promoter Infusion and Significant Debt Reduction

    Jodhpur, (Rajasthan) [India], March 11: Vishnu Prakash R Punglia Limited(NSE: VPRPL, BSE: 543974 | INE0AE001013)

    Background and Financial Update

    Over the past nine months, the Company has navigated certain operational and financial challenges

    primarily arising from payment cycle realignments, broader liquidity tightening across the

    infrastructure sector. These factors were external and cyclical in nature and do not indicate any

    structural weakness in the Company’s core operations or execution capabilities.

    Promoter Support and Capital Infusion

    • Promoters infused (Interest Free) approximately ₹285 Crores into the Company, including stake sale proceeds.

    • The funds deployed to support liquidity stabilization and project execution.

    Deleveraging and Reduction in Fund Based Exposure

    • Approximately ₹328 Crores of debt has been repaid.

    • Nearly 50% reduction in overall bank borrowings.

    • TReDS outstanding reduced from ₹345 Crores to ₹17 Crores.

    • Significant strengthening of balance sheet and working capital discipline.

    Banking Facilities Position

    Working Capital (OD) – Fund Based

    • Sanctioned: ₹200.00 Cr

    • Outstanding: ₹198.00 Cr

    • Lender: Consortium led by BOB

    • Purpose: EPC Working Capital

    Term Loan – Fund Based

    • Sanctioned: ₹191.71 Cr

    • Outstanding: ₹108.06 Cr

    • Lender: Various Banks

    • Purpose: Equipment & Project Finance

    TReDS (PBD) – Fund Based

    • Sanctioned: ₹345.00 Cr

    • Outstanding: ₹17.00 Cr

    • Lender: Banks

    • Purpose: Bill Discounting

    Total Fund Based

    • Sanctioned: ₹736.71 Cr

    • Outstanding: ₹323.06 Cr

    BG / LC Limits – Non-Fund Based

    • Sanctioned: ₹515.00 Cr

    • Outstanding: ₹515.00 Cr

    • Lender: Consortium

    • Purpose: PBG & FBG

    Total FB + NFB Exposure

    • Outstanding: ₹838.06 Cr

    Sanctioned limits as on March 2025

    Unsecured Loans from Promoters

    Unsecured Loan (Interest Free)

    • Outstanding: ₹285.00 Cr

    • Source: Promoters & Promoter Group

    • Purpose: Liquidity and Project Funding Support.

    Operational Update

    • ₹232 Crores inflows received during the last quarter.

    • Payment cycles are gradually normalizing.

    • Strong order book of approximately ₹4,500+ Crores providing revenue visibility.

    Management Comment

    The Management confirms that through promoter capital infusion, substantial reduction in fund-based limits, interest-free unsecured loans, and disciplined financial management, the Company has materially strengthened its balance sheet. The liquidity position is stabilizing, and the Company remains committed to transparency, financial prudence, and long-term shareholder value creation.

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  • Nukleus Accelerates NCR Growth with Landmark Expansion at SkymarkOne, Noida

    Nukleus Accelerates NCR Growth with Landmark Expansion at SkymarkOne, Noida

    Noida (Uttar Pradesh) [India], March 11: Nukleus has announced the launch of its newest premium managed office centre at SkymarkOne, Sector 98, Noida, further strengthening its presence across NCR’s rapidly evolving commercial landscape.Spanning approximately 32,000 sq. ft. (super area) across the entire 7th floor — including an exclusive terrace — the upcoming centre reflects Nukleus’ strategic focus on expanding within high-growth micro-markets that demonstrate strong connectivity, infrastructure momentum, and rising enterprise demand. Strategically positioned along the Noida–Greater Noida Expressway, one of the region’s most prominent corporate corridors, the centre benefits from seamless connectivity to Delhi, Greater Noida, and surrounding residential and business hubs.

    The new centre is designed to deliver a refined, future-ready workspace ecosystem tailored to startups, SMEs, and established enterprises. It will feature premium private suites, enterprise-grade meeting rooms, collaborative breakout zones, and thoughtfully designed common areas that balance aesthetics with operational efficiency. The inclusion of an exclusive terrace further enhances the experience, enabling curated corporate events, community engagement initiatives, and informal collaboration spaces aligned with the evolving expectations of modern workplaces.

    Located within the landmark SkymarkOne commercial complex, the centre benefits from a premium corporate ecosystem designed for modern enterprises. The development spans a large mixed-use commercial campus, positioning it among the most prominent corporate destinations along the Expressway. Known for its contemporary architecture and Grade-A infrastructure, the building features a striking glass façade that maximizes natural light, centralized air-conditioning, high-speed elevators, multi-level parking facilities, and reliable power backup — elements that collectively create a high-performance work environment for businesses.

    The complex also integrates retail and lifestyle amenities including cafés, restaurants, and convenience outlets, creating a vibrant work-play ecosystem that enhances the overall employee experience and makes it an attractive destination for corporate occupiers.

    Over the past few years, Nukleus has steadily built a reputation as a trusted managed office partner by combining design-led infrastructure, operational discipline, and flexible engagement models. Its expansion strategy remains focused on locations that align with long-term commercial growth and evolving workplace expectations.

    Commenting on the expansion, the Founder & CEO of Nukleus said:

    “Our expansion at SkymarkOne reflects the strong commercial momentum we see in Noida. At Nukleus, we are focused on creating workspaces that go beyond infrastructure — environments that enable agility, collaboration, and sustained business growth. This centre strengthens our commitment to building premium, scalable work environments that evolve alongside the needs of modern enterprises.”

    As businesses increasingly prioritize adaptability, cost optimization, and premium infrastructure, Nukleus continues to position itself at the forefront of the flexible workspace sector. The SkymarkOne addition further strengthens its presence in Noida while advancing its broader vision of building a resilient and future-ready managed office ecosystem across NCR’s most dynamic commercial districts, supporting the next phase of business growth in the region.

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  • Kaushalya Logistics Adds New Marquee Client JSW Cement, with Addition of Four New Depots in Haryana

    Kaushalya Logistics Adds New Marquee Client JSW Cement, with Addition of Four New Depots in Haryana

    Mumbai (Maharashtra) [India], March 11: Kaushalya Logistics Limited (NSE: KLL), a diversified conglomerate specializing in logistic support to the cement industry, has added JSW Cement Limited as a new client to its portfolio, with the commencement of four new Carrying and Forwarding (CFA) depots for the respective new client. The four newly operational depots are located at Manesar (Gurugram) and Daulatabad (Gurugram), along with depots in Sonipat (Haryana) and Bhiwani (Haryana).

    These additions mark the 18th, 19th, 20th and 21st new depotsestablished by the Company during FY26. The four depots together are expected to handle a combined monthly volume of approximately 2,000 MT, further strengthening the Company’s operational capacity and service reach in the region. With the commencement of these facilities, company’s total depot network has expanded to 122 depots across India.

    The expansion reflects the Company’s continued efforts to deepen partnerships with leading cement manufacturers while strengthening its presence in key demand centers. A broader depot network enables faster turnaround times, improved distribution efficiency, and stronger connectivity across regional markets. Supported by its operational credibility, the addition of JSW Cement Limited as a new client further strengthens the Company’s client portfolio and is expected to support volume growth while enhancing long-term business visibility. Through this expansion in high-growth regions, the Company aims to support the evolving distribution requirements of its partners.

    Commenting on this Mr. Uddhav Poddar, Managing Director, Kaushalya Logistics Limited said, “The addition of JSW Cement Limited as a marquee client marks an important milestone for us. With the commencement of operations at four new CFA depots in Haryana for the new client, we are further strengthening our distribution network and our ability to support the growing distribution requirements in the region.

    Haryana continues to be a strategically important market for cement distribution, and these depots enhance our operational reach and service capabilities. As we continue to expand our depot network and deepen our partnerships with leading cement manufacturers, our focus remains on strengthening our operational capabilities and delivering efficient and reliable services that support long-term and sustainable growth.”

    Disclaimer: This article is for informational purposes only and does not constitute financial advice.

  • Supreme Power Equipment Limited Continues Winning Momentum with Strong Order Inflows of Rs 56.86 Cr

    Supreme Power Equipment Limited Continues Winning Momentum with Strong Order Inflows of Rs 56.86 Cr

    Chennai (Tamil Nadu) [India], March 11: Supreme Power Equipment Limited(SPEL), (NSE Code: SUPREMEPWR), one of India’s leading manufacturers of power and distribution transformers, on a strong footing with robust order inflows aggregating ₹38.63 Cr during February 2026, continuing its strong order momentum, Danya Electric Company, a Partnership firm secured a new order worth ₹18.23 Cr asstart of March 2026.

    The latest orders reflect robust demand for the Company’s products and reinforce its growing role in India’s evolving power sector.

    Strong Order Momentum in February 2026

    During the month, Supreme Power Equipment Limited secured multiple domestic orders from EPC companies based in Karnataka, further strengthening its order book and improving revenue visibility over the execution period.

    ₹14.86 Cr Power Transformer Order

    SPEL received a significant order valued at approximately ₹14.86 Crfrom a Karnataka-based EPC company.

    • Scope: Supply of 6 nos. of 20 MVA, 66/11 kV power transformers

    • Execution Timeline: Approximately 8 months

    ₹10.40 Cr Power Transformer Order

    The Company also secured a domestic order worth approximately ₹10.40 Cr from another EPC company in Karnataka.

    • Scope: Supply of 20 MVA power transformers (110/33-11 kV)

    • Execution Timeline: Approximately 8 months

    ₹8.07 Cr Transformer Supply Order

    Further strengthening its February order inflow, SPEL received an additional domestic order valued at approximately ₹8.07 Cr from an EPC company based in Karnataka.

    • Scope: Supply of 3 nos. of 20 MVA, 110/33-11 kV power transformers

    • Execution Timeline: Approximately 5 months

    ₹5.3 Cr Transformer Supply Order

    Additionally, the Company has been awarded a domestic contract worth ₹5.3 Cr by EPC company in Karnataka.

    • Scope: Supply of 2 nos. of 20 MVA, 110/33-11 kV power transformers

    • Execution Timeline: Approximately 9 months

    ₹18.23 Cr Transformer Supply Order

    Further, in March, the Danya Electric company (holds 90% of share) subsidiary of SEPL received an order worth ₹18.23 crore from the Local Electric Utility -Tamil Nadu Power Distribution Corporation Limited.

    • Scope: Supply of 25KVA/22KV Distribution Transformer

    • Execution Timeline: Approximately 18 months

    • Date: 4 March 2026

    The steady flow of orders during 2026 indicates continued demand from EPC players, driven by ongoing investments in India’s power transmission and distribution networks. These order wins further strengthen Supreme Power Equipment Limited’s growing presencein the power infrastructure sector and enhance better revenuecertainty going ahead.

    Following a positive order momentum in 2026, the Company Continues to Prioritize efficient execution, and the delivery of reliable transformer solution across India’s power sector.

    Commenting On Development, Mr. Vee Rajmohan, Chairman and Managing Director of Supreme Power Equipment Limited said, “The order inflow of ₹56.86 Cr in 2026 highlights sustained confidence among EPC partners in execution expertise and quality standard. The orders enhance our order book and improve revenue earnings forward and showcase our standing in the power transformer segment. At thesame time commencement of commercial operations at Kannur, our new facility marks important milestone in our growth journey with capabilities to manufacture transformer up to 200 MVA, 220 kV, we have increased our production capacity significantly. We remain committed to delivering projects on schedule,enhancing efficiency, and contributing to growth of India’s expanding power transmission and distribution infrastructure.”

    Disclaimer: This article is for informational purposes only and does not constitute financial advice.