Category: Business

Mumbai (Maharashtra) [India], February 18: Emerald Finance Limited (BSE: EMERALD), a dynamic financial service company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has significantly expanded its Earned Wage Access platform by onboarding seven new employer partners during February 2026 (till 16th February) across multiple sectors and geographies.

During the month, the Company partnered with

• Vikas Ecotech Limited (New Delhi),

• Aruna Enterprises (Haryana),

• Dharam Chand Dwarka Das Agarwal (Kanpur, Uttar Pradesh),

• Clara Vyapar Private Limited (Uttar Pradesh),

• Bholaa Jewels (Chandigarh),

• AKMV Consultants Private Limited (Gurugram, Haryana

• Logam India (Kanpur)

to roll out its Early Wage Access solution for their employees.

Through these partnerships, eligible employees can access a portion of their earned salary during the month, helping them meet short-term financial needs without waiting for the regular payday. The solution operates through a structured salary advance model, where the amount availed is recovered seamlessly through payroll deductions, ensuring convenience, transparency, and disciplined credit management.

The expansion highlights Emerald Finance Limited’s strategy to scale its employer-linked, salary-based financial solutions and strengthen its retail-focused product portfolio. By collaborating with employers across manufacturing, trading, jewellery, and consulting sectors, the Company is building a diversified and scalable Earned Wage Access ecosystem.

These partnerships also reflect the growing acceptance of Earned Wage Access as a responsible financial tool that supports employee financial well-being while maintaining strong operational and credit discipline.

Emerald Finance Limited continues to focus on expanding its EWA platform across regions and industries, reinforcing its commitment to delivering practical, technology-driven, and customer-centric financial solutions.

Commenting on the partnerships Mr. Sanjay Aggarwal, Managing Director of Emerald Finance Limited said, “We are pleased with the strong momentum witnessed in February with the addition of multiple employer partnerships across diverse sectors and regions. These collaborations reinforce the growing acceptance of our Earned Wage Access platform as a practical and responsible financial solution for salaried employees.

Our Early Wage Access service is designed to provide employees with timely access to a portion of their earned income, helping them manage short-term financial needs without disrupting the regular salary cycle. By working closely with employers and adopting a salary-linked recovery mechanism, we ensure a seamless experience for employees while maintaining strong credit discipline.

Looking ahead, we see Earned Wage Access as a scalable and sustainable opportunity. We plan to expand this offering across more organizations and industries, leverage technology to improve adoption, and build a steady, fee-based income stream. This initiative aligns well with our long-term strategy of strengthening our retail-focused financial products and creating recurring, asset-light growth opportunities.”

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Howrah (West Bengal) [India], February 18:Karnika Industries Limited, a textile and apparel manufacturing company, has announced its unaudited standalone and consolidated financial results for the quarter and nine month ended December 31, 2025, as approved by its Board of Directors at its meeting held on 14th Feb 2026.

The Company continued to demonstrate strong operational performance during the period, supported by healthy demand across its product portfolio, efficient production planning, and disciplined cost management, resulting in improved profitability and sustained growth momentum.

Key Financial Highlights – (Standalone)

Q3 FY26 

• Total Income: ₹6,092.08 Lakh (YoY growth: ~298%)

• EBITDA: ₹1,025.74 Lakh (YoY growth: ~211%)

• Profit Before Tax (PBT): ₹848.19 Lakh

• Net Profit: ₹629.21 Lakh (YoY growth: ~346%)

• Net Profit Margin (NPM): ~10.41%

• Earnings Per Share (EPS): ₹1.01

9M FY26

• Total Income: ₹16,496.63 Lakh

• EBITDA: 3072.22 Lakh

• Profit Before Tax (PBT): ₹ 2,538.60 Lakh

• Net Profit: ₹1,875.65 Lakh

• Net Profit Margin (NPM): ~11.48%

• Earnings Per Share (EPS): ₹5.45

Key Financial Highlights – (Consolidated)

Q3 FY26 

• Total Income: ₹7419.53 Lakh

• EBITDA: ₹1064.58 Lakh

• Profit Before Tax (PBT): ₹ 884.93 Lakh

• Net Profit: ₹660.50 Lakh

• Net Profit Margin (NPM): ~8.96%

• Earnings Per Share (EPS): ₹1.05

9M FY26

• Total Income: ₹17,827.76 Lakh

• EBITDA: ₹3,111.06 Lakh

• Profit Before Tax (PBT): ₹2,575.35 Lakh

• Net Profit: ₹1,906.95 Lakh

• Net Profit Margin (NPM): ~10.79%

• Earnings Per Share (EPS): ₹5.52

Management’s comment:

“The strong performance during the quarter and the nine-month period reflects our continued focus on operational efficiency, disciplined cost management, and consistent execution across our manufacturing operations. Improved profitability was driven by higher capacity utilization and effective control over input and operating costs.”

“Looking ahead, we remain focused on strengthening our production capabilities, expanding our customer base across domestic and export markets, and enhancing operational efficiencies. With a resilient business model and a prudent approach to growth, we are confident in sustaining momentum and creating long-term value for all stakeholders.”

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Mumbai (Maharashtra) [India], February 17: Khazanchi Jewellers Limited (BSE: 543953), one of the leading Indian jewellery companies specializing in gold, diamonds, precious stones, and bullion items has announced its unaudited Financial Results for Q3 & 9M FY26.

Key Financial Highlights

9M FY26 Financial Highlights

Total Revenue of ₹ 1,542.02 Cr, YoY growth of 34.04%

EBITDA of ₹ 89.12 Cr, YoY growth of 96.91%

EBITDA Margin of 5.78%, YoY expansion of 185 Bps

PAT of ₹ 63.82 Cr, YoY growth of 96.92%

PAT Margin of 4.14%, YoY expansion of 132 Bps

EPS of ₹ 25.76, YoY growth of 96.64%

Q3 FY26 Financial Highlights

Total Revenue of ₹ 589.26 Cr, YoY growth of 49.60%

EBITDA of ₹ 35.34 Cr, YoY growth of 114.51%

EBITDA Margin of 6.00%, YoY expansion of 181 Bps

PAT of ₹ 25.13 Cr, YoY growth of 103.02%

PAT Margin of 4.26%, YoY expansion of 112 Bps

EPS of ₹ 10.12, YoY growth of 102.40%

Commenting on the financial performance Mr. Rajesh Mehta, Chairman & Joint Managing Director, Khazanchi Jewellers Limited said “We delivered a strong and well-rounded performance in Q3 and 9M FY26, driven by sustained business momentum, improved operational efficiencies, and healthy demand across key product categories. Our continued focus on design innovation, brand building, inventory discipline, and customer experience further strengthened our market position and profitability.

Growth remained broad-based across both our B2B and B2C segments. While our wholesale business expanded its partner network and market reach, our retail segment witnessed encouraging traction supported by festive demand and improved realizations. This balanced performance strengthens our diversified model and will further help us accelerate sustainable growth in the coming periods.”

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Jaipur (Rajasthan) [India], February 17: As Artificial Intelligence increasingly shapes everyday life, questions around its environmental and social footprint are moving into the mainstream. At the Youth Eco Summit 2026, these concerns were explored through a convergence of cultural influencers, policymakers, and young voices highlighting the growing need for accountability in the age of rapid technological advancement. Organised by the Bajaj Foundation, brought together with the Ministry of Electronics and Information Technology, the Ministry of Environment, Forest and Climate Change, UNICEF YuWaah, and TECNO, the Youth Eco Summit brought together students from 66 cities across India, positioning youth at the centre of discussions on sustainability, accountability, and technological impact.

The summit saw participation from Environmentalist and Model Milind Soman, Actor Rohit Saraf, and UNDP India Youth Champion and Actor Sanjana Sanghi, who together unpacked the challenges, responsibilities, and opportunities emerging from the rise of Artificial Intelligence. Their presence brought a cultural lens to conversations traditionally dominated by policy and technology, reinforcing the idea that responsible innovation must resonate beyond boardrooms and institutions.

Adding a leadership perspective from the technology industry, Arijeet Talapatra, CEO of TECNO Mobile India, spoke about the responsibility that accompanies access to advanced technology. He noted that purpose-driven applications of AI have the potential to address environmental challenges, reduce waste, and encourage more sustainable lifestyles—emphasising that innovation must be guided by intent, not excess.

Policy and civic engagement perspectives were reinforced by Seep Agrawal, Lead – Civic Engagement at UNICEF YuWaah, who highlighted the importance of collaboration between youth, institutions, and cultural voices. She stressed that meaningful change occurs when young people are treated as collaborators in solution-building, rather than passive participants in dialogue.

The summit experience extended beyond panel discussions through the Green Education and Knowledge Lawn, which featured interactive zones such as Waste Reimagined, the TECNO Knowledge Walk, the TECNO AI Meme Studio, and the E-Waste Pledge Booth. These spaces translated complex sustainability challenges into tangible, experiential learning moments. At the TECNO AI Meme Studio, students explored themes of green coding, energy-conscious algorithms, and the often-overlooked resource demands of digital consumption. Using memes as a medium, participants transformed technical ideas into accessible narratives that resonated with their peers.

Offering a global perspective, Viransh Bhanshali, Chief of Staff at the Oxford Union, spoke about the convergence of technology, policy, and civic action, emphasising that emerging technologies must evolve alongside accountability frameworks to create lasting impact.

Concluding the summit, Pankaj Bajaj, Director of the Bajaj Foundation, underscored that the presence of students was driven by intent rather than obligation. He remarked that the real outcome of the Youth Eco Summit would be determined by whether the ideas discussed translate into action—choices that will ultimately shape the future.

 

New Delhi [India], February 17: Infosys and Anthropic have announced a strategic partnership that could alter how real businesses embrace AI beyond demos and hype. It is centered on plain truth: enterprise AI solutions that handle real work in the real world — regulated, messy, multi-step processes with audit trails and compliance built in.

This is not about chatbots spitting out answers. It is about AI agents that perform actions. Complex actions. Important actions across telecommunications, finance, manufacturing, and software development. These environments involve compliance rules, legacy systems, multiple handoffs, and the need for real operational value.

AI Solutions in the Enterprise Are Not Optional Anymore

Do you remember when “enterprise AI solutions” meant throwing a chatbot at customer service and calling it digital transformation? Those days are over. Businesses now want AI that executes workflows, troubleshoots compliance issues, accelerates software delivery, and keeps governance and transparency as non-negotiables.

What Infosys and Anthropic have signed up for is a calculated escalation. Infosys brings engineering scale and deep domain expertise. Anthropic brings its Claude models, Claude Code, and agent tooling that, until recently, lived mostly in buzzword territory. The aim is to merge these strengths into AI solutions that actually operate within real regulatory guardrails.

First Stop Telecom

The first battlefield for these enterprise AI solutions is telecommunications — one of the most complex, regulated, and legacy-heavy industries on the planet. Infosys and Anthropic are establishing an Anthropic Center of Excellence dedicated to building and deploying customized AI agents for network operations, customer lifecycle management, and service delivery.

Let’s be blunt. Network operations have been a manual nightmare grinding on for decades. If an AI agent can reliably handle ticketing, provisioning, and compliance checks without tripping over regulatory red tape, that alone is a major win. This is where the rubber meets the road. Any telco engineer will tell you that.

Enterprise AI Solutions for Regulated Industries

Infosys and Anthropic are not stopping at telecom. They are taking their AI agent playbook into other regulated sectors.

Financial Services

Here, the focus is on automating risk detection, compliance reporting, and even personalized interactions. Imagine AI agents scanning millions of compliance rules and years of client history without missing a beat or violating regulatory requirements. Banks and asset managers demand speed, precision, and auditability. These solutions are designed to deliver exactly that.

Engineering and Manufacturing

Product design and simulation are often constrained by long iteration cycles. Claude-powered AI agents are expected to accelerate simulations and R&D workflows, allowing engineers to spend more time on innovation and less on rework.

Software Development

With Claude Code already in use internally at Infosys, the goal is to automate not only code writing but also testing and debugging. The result is faster development cycles and more efficient delivery. That is not buzz. That is leverage.

What Makes This Real

This is the detail most press releases gloss over. These are not one-off AI demos. They are agentic systems designed to operate across entire business workflows, not simply respond to prompts. Showing AI completing a task in a video is one thing. Embedding it into systems with compliance, audit trails, error handling, and governance intact is something else entirely.

Anthropic CEO Dario Amodei has put it plainly: there is a real difference between AI that works in a demo and AI that works in a regulated industry. Infosys, with decades of enterprise and vertical experience, aims to bridge that gap.

Why India Matters

India is not just hosting this announcement. It is central to the story. It is home to Infosys and one of the world’s largest pools of engineering and developer talent. Claude usage in India already leans heavily toward production workloads such as system modernization and software delivery, not casual experimentation. India’s AI story is already unfolding in real environments.

Not Just Efficiency Transformation

Efficiency gains are useful. But what Infosys and Anthropic are really positioning is enterprise operating model transformation powered by AI. That means rethinking legacy processes, automating compliance-heavy tasks, and embedding intelligent automation deep into core business operations at scale.

If this approach succeeds at scale, it will not be incremental automation. It will be a redefinition of how large, complex industries operate with AI at the center.

The Real Test

Make no mistake. Delivering AI solutions that function in controlled environments is one thing. Deploying them into highly regulated, complex operations is another. The proof will be in execution — real deployments, measurable outcomes, compliance alignment, and tangible business impact. No pressure.

Even if a portion of this initiative delivers on its promise, it could mark a defining moment for Indian engineering and the real adoption of enterprise AI.

PNN BUSINESS

Mumbai (Maharashtra) [India], February 17: Mumbai is a city that celebrates every occasion with enthusiasm — from grand weddings and corporate events to intimate home gatherings and small parties. No matter the size of the celebration, one thing remains constant: good food creates lasting memories.

Radha Caterers proudly provides complete event catering services across Mumbai, offering professional, hygienic, and pure vegetarian food solutions tailored to every type of occasion. With decades of experience, we bring trust, taste, and seamless execution to every event we serve.

Catering Services for Every Occasion in Mumbai

At Radha Caterers, we believe no event is too big or too small. We provide customized catering services for:

• Wedding & Pre-Wedding Functions: From engagement ceremonies, mehendi, haldi, and sangeet to grand wedding receptions, we design elegant vegetarian menus that match the scale and style of your celebration.
• Corporate Catering Services: We handle office lunches, conferences, CP meets, annual functions, corporate parties, and employee gatherings with punctuality and professionalism.
• Birthday Parties & Anniversaries: Whether it’s a child’s birthday party or a milestone anniversary celebration, we offer fun, flavorful, and guest-friendly menus.
• Housewarming & Home Events: For griha pravesh, pooja functions, naming ceremonies, baby showers, and family get-togethers, we provide comforting, traditional vegetarian food prepared with care.
• Religious & Traditional Functions: From Satyanarayan pooja to Jain events and festival celebrations, we ensure pure vegetarian and satvik food that respects cultural values.
• Small Parties & Private Gatherings: Not every celebration needs a banquet hall. We specialize in catering for small parties, society events, terrace gatherings, and intimate home functions across Mumbai.
• Bulk Orders & Tiffin Services: We also provide packed meal services, lunch boxes, and bulk vegetarian catering for offices, community events, and special occasions.

No matter the event type, our focus remains on quality, hygiene, and guest satisfaction.

Pure Vegetarian & Jain-Friendly Catering

Radha Caterers is known for its 100% pure vegetarian catering services. We understand the importance of food sentiments in Mumbai’s diverse communities.

We also offer:

• Jain food (no onion, no garlic)
• Satvik meals for religious occasions
• Mild spice menus for elders and children
• Customized regional vegetarian cuisines

Every dish is prepared under strict hygiene standards to maintain purity and authenticity.

Professional Buffet & Live Counter Services

We provide complete buffet setups and live food counters that enhance the event experience. From elegant buffet arrangements to interactive live counters like chaat, dosa, pav bhaji, and more, we create food experiences that guests enjoy.

Our team ensures smooth flow, neat presentation, and timely service throughout the event.

Affordable & Flexible Catering Packages

We believe quality catering should be accessible. Radha Caterers offers budget-friendly and flexible packages suitable for:

• Small home gatherings
• Mid-sized functions
• Large-scale weddings & corporate events

Our pricing is transparent, with no hidden costs, ensuring peace of mind for hosts.

Hygiene, Quality & Experience You Can Trust

With 60+ years of catering experience, Radha Caterers has built a strong reputation across Mumbai. Our strengths include:

• Fresh, high-quality ingredients
• Clean and organized kitchen practices
• Trained and disciplined service staff
• On-time delivery and setup
• Smooth coordination with venues and planners

We understand Mumbai’s event culture, venue logistics, and guest expectations, which allows us to deliver reliable service every time.

Serving Across Mumbai

From residential societies and banquet halls to corporate offices and private venues, we provide catering services across Mumbai. Our familiarity with different locations helps us manage setup and service efficiently, even during peak hours and festive seasons.

Why Choose Radha Caterers in Mumbai?

When you book Radha Caterers, you get:

• Complete event catering solutions
• Pure vegetarian & Jain expertise
•  60+ years of trusted experience
•  Professional and polite service team
•  Customized menus for every occasion
•  Affordable, value-driven packages
•  Stress-free execution

We don’t just serve food — we serve trust, tradition, and satisfaction.

 Book Radha Caterers for Your Next Event

Planning an event in Mumbai? Let Radha Caterers handle the food while you focus on creating memories.

Services across Mumbai, Thane & Navi Mumbai

Phone: +91 9221235728

Email: radhafoodservices@gmail.com

Website: radhafoodservices.com

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Pune (Maharashtra) [India], February 17: Patil Automation Limited (NSE: PATILAUTOM | INE17GV01016), a leading provider of turnkey welding, assembly, and robotics-integrated automation systems, has inaugurated its new Design Hub at Tower 1, Third Floor, Kohinoor World Towers, Pimpri Colony, Pune – 411019.

The inauguration ceremony was attended by key industry partners and stakeholders, with senior representatives from Tata Motors present. Notably, the facility is housed in the same building as prominent corporates such as Tata Motors, reflecting the strategic positioning of the office.

Next-Gen Design Centre

Spread across 13,000 sq. ft., the facility provides seating for more than 160 professionals and strengthens Patil Automation’s engineering and digital development infrastructure. With an existing design team of over 100 professionals and additional members joining, the centre enhances the Company’s ability to design, simulate, and execute complex automation systems across multiple industries. The Design Hub will focus on robotic welding and assembly systems, EV and battery pack automation, Industry 4.0-enabled manufacturing platforms, digital validation, and machine vision integration. Located in Pune’s automotive and industrial corridor, the centre enables closer collaboration with OEMs and Tier I suppliers and supports faster validation cycles for technically demanding projects.

The location has been strategically selected. Its central positioning reduces commute time for many employees by nearly two hours daily, improving productivity and work-life balance. Strong metro connectivity ensures accessibility from across Pune, strengthening the Company’s ability to attract and retain high-quality automation talent.

Positioning for the Next Phase of Growth

The Design Hub enhances Patil Automation’s in-house capability as manufacturing shifts toward robotics-driven and digitally integrated production systems. By expanding its design footprint and technical team, the Company strengthens its ability to execute larger and more complex programs across automotive, electric vehicles, defence, renewable energy, and advanced manufacturing sectors, reinforcing its focus on building a scalable, technology-led automation platform.

Commenting on the Development Mr. Manoj Patil, Promoter and Managing Director, Patil Automation Limited said, “For us, this Design Hub is about preparing for what lies ahead. Over the last few years, the scale and complexity of automation projects have increased significantly, and we felt it was important to strengthen our core design capability before the next wave of growth.

We are seeing encouraging demand across sectors, and building a stronger team in Pune allows us to stay closer to our customers and execute faster. This expansion gives us the confidence to take on larger programs while continuing to deliver with the quality and discipline that define Patil Automation.”

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Mumbai (Maharashtra) [India], February 17: Markolines Pavement Technologies Ltd. (BSE: 543364, NSE: MARKOLINES), a growing infrastructure services company specializing in Highway Operations & Maintenance (O&M), in its board meeting held on February 14, 2026 has approved the audited Financial Results of the Company for the quarter and nine months ended on 31 December 2025.

Financial Statement Highlights

Particulars (Rs. Crores)*	Q3FY26	Q2FY26	QoQ%	9MFY26	9MFY25	YoY%
Revenue from Operations	92.95	77.67	20%	243.34	185.92	31%
EBITDA	11.62	8.87	31%	28.81	22.42	29%
PBT	8.42	5.69	48%	19.30	12.57	54%
PAT	7.00	4.08	72%	14.87	10.43	43%

* Consolidated financials. Financial Figures & percentages have been rounded and reorganized for efficient presentation and understanding

Commenting on the performance, Mr. Sanjay Patil, Founder, Chairman & Managing Director of Markolines Pavement Technologies Limited, said, “We are pleased to report a strong performance for Q3FY26 and the nine months ended FY26, reflecting sustained execution momentum and improved operational efficiencies across our business segments.

During Q3FY26, our Revenue from Operations grew by 20% quarter-on-quarter to ₹92.95 crore, demonstrating healthy project execution and improved billing traction. On a nine-month basis, revenue stood at ₹243.34 crore, registering a robust 31% year-on-year growth compared to ₹185.92 crore in 9MFY25. This growth reflects the strength of our order book and our ability to consistently scale operations.

Our EBITDA for the quarter increased by 31% QoQ to ₹11.62 crore, while 9MFY26 EBITDA grew 29% YoY to ₹28.81 crore. The improvement underscores our focus on cost discipline, operational efficiency, and better project mix.

Profit Before Tax for Q3FY26 rose sharply by 48% QoQ to ₹8.42 crore. For the nine-month period, PBT grew by an impressive 54% YoY to ₹19.30 crore. This strong growth trajectory translated into a 72% QoQ rise in PAT to ₹7.00 crore for the quarter, while 9MFY26 PAT increased by 43% YoY to ₹14.87 crore.

Our performance reflects disciplined execution, improved productivity, and operating leverage benefits as scale increases. We continue to focus on efficient capital allocation, timely project execution, and strengthening our presence in high-value infrastructure segments.

With a strong order pipeline and healthy execution visibility, we remain confident of sustaining growth momentum in the coming quarters. Our strategic emphasis on operational excellence, technological capability, and prudent financial management positions us well to deliver consistent value to our stakeholders. We are also exploring the other Infra sectors to leverage our skillsets as an additional growth driver.”

The Company believes that the Government’s continued and record-level infrastructure push under the latest Union Budget provides strong structural tailwinds for its business. With public capital expenditure projected at ₹12.2 lakh crore for FY27 and infrastructure-led growth remaining a central policy priority, a sustained pipeline of highway and road development projects is expected across the country. Given its deep domain expertise in highway operations, maintenance, and specialized pavement technologies, the Company is strategically positioned to benefit from increased investments in road infrastructure, asset monetization programs, and expansion of national corridors. Its established execution capabilities, strong order book visibility, and technology-driven approach enable it to meaningfully participate in this infrastructure growth cycle while delivering long-term value to stakeholders.

Established in 2002, Markolines Pavement Technologies Limited is one of India’s leading highway operations and maintenance (O&M) and specialized infrastructure solution providers. With a strong focus on innovation and execution excellence, the company offers the most comprehensive suite of services in highway maintenance – spanning from Major Maintenance & Repairs (MMR), specialised maintenance services, and specialised construction activities. From reintroducing and reviving micro-surfacing in India to bringing Cold In-Place Recycling (CIPR), Full Depth Reclamation (FDR), and Rigid Pavement (concrete road) techniques into the mainstream, the company has consistently been at the forefront of technological innovation. Headquartered in Navi Mumbai, Markolines has successfully executed over 5,140 lane kilometers of highway maintenance work across multiple states in India. The company is recognized for several pioneering maintenance techniques in the Indian road maintenance sector.

Markolines migrated to the BSE Mainboard and began trading its securities on June 12, 2025. Building on this progress, the Company has achieved another significant milestone with its listing on the NSE Mainboard in October 2025, enhancing market visibility, improving liquidity, and broadening access for a wider base of investors.

The Company is in the process of resubmitting the merger application with BSE and NSE, after which the requisite regulatory and statutory approvals will be pursued as per the compliance timelines. With a pan-India presence and a dedicated team of professionals, Markolines remains committed to enhancing the quality, safety, and sustainability of India’s road infrastructure.

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Bengaluru (Karnataka) [India], February 17: Happy Pet, India’s first pet technology company, has raised a strategic investment from Dr. Devi Shetty, Founder and Chairman of Narayana Health, along with his family. The investment signals strong confidence in Happy Pet’s vision to modernize India’s fragmented pet care ecosystem using technology, data, and design-led solutions.

As pet ownership rises and pet wellness becomes a priority, Happy Pet is building a unified digital ecosystem that connects pet parents, pet businesses, and industry stakeholders on a single platform.

The company’s consumer portal serves as a central discovery platform for pet services, products, and industry information. Its pet parent mobile app allows users to manage medical records, set reminders, access nutritionist approved recipes, book services, arrange nearby store deliveries, and interact with an integrated AI chatbot for everyday support.

Extending its commitment to holistic care, Happy Pet offers India’s most affordable pet insurance starting at just ₹3 per day*. With veterinary costs on the rise and pet insurance still largely overlooked, the initiative helps pet parents stay financially prepared.

On the enterprise side, Happy Pet Tech delivers a purpose-built SaaS platform designed specifically for the pet care industry, offering tools for bookings, billing, inventory management, CRM, and customer communication through a comprehensive business management suite. The company’s tech solutions are already used across India, Europe, the UAE, and Southeast Asia, highlighting strong global demand.

“Technology has the power to raise care standards when applied with empathy and purpose,” said Dr. Devi Shetty. “Pet care is at the beginning of a major digital shift, and Happy Pet is well positioned to lead this transformation with its thoughtful, user-centric approach.”

This partnership builds on a long-standing relationship between Dr. Shetty and Happy Pet Founder Anil Reddy, who previously founded Lollypop Design Studio, a global design firm in which Dr. Shetty had also invested and mentored the team through international scale.

The opportunity in the pet care sector is significant and rapidly expanding. The global pet care market is valued between USD 273 and 320 billion in 2025 and continues to expand across regions. The U.S. market alone is estimated at USD 150 to 186 billion. In India, the market is valued at approximately USD 3.7 to 3.8 billion in 2025 and is projected to grow to USD 4 to 5 billion by 2026, driven by rising pet ownership, premiumization trends, and increasing adoption of technology enabled services.

With the new investment, Happy Pet plans to strengthen its presence across India, accelerate user acquisition and retention, expand its global SaaS footprint, and launch new technology initiatives focused on pet wellness. “With strong market momentum and the guidance of partners like Dr. Shetty, we believe pet technology in India is entering a defining phase,” said Anil. “Happy Pet is committed to building a connected, reliable, and scalable ecosystem for the future of pet care.”

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Mumbai (Maharashtra) [India], February 17: Mobilise App Lab Limited (The Company Mobilise) is engaged in the business of providing SaaS-based software solutions through cloud-based platforms, proposes to open its Initial Public Offering on Monday, February 23, 2026 aiming to raise ₹ 20.09 Crore (At Upper Price Band), with shares to be listed on the NSE Emerge platform.

The issue size is 25,12,000 equity shares at a face value of ₹ 10 each with a price band of
₹ 75- ₹ 80 Per Share.

Equity Share Allocation

• Anchor Portion – Upto 7,13,600 Equity Shares
• Net QIB – Upto 4,76,800 Equity Shares
• NII– Not Less than 3,60,000 Equity Shares
• Individual Investors – Not Less than 8,35,200 Equity Shares
• Market Maker – 1,26,400 Equity Shares

The net proceeds from the IPO will be utilized for Funding requirement in product development through talent hiring for the company, Funding requirement toward business development and marketing activities aimed at driving the organization’s expansion across domestic markets, Funding towards the infrastructure of the company and General Corporate Purposes. The anchor portion will open on Friday, Feb 20, 2026 and the issue will open on Monday, Feb 23, 2026 and will close on Wednesday, Feb 25, 2026.

The Book Running Lead Manager to the Issue is Corporate CapitalVentures Private Limited, The Registrar to the Issue is Bigshare Services Private Limited.

Mr. Ashish Sharma, Promoter & Managing Director of Mobilise App Lab Limited expressed, “The launch of our Initial Public Offering marks a defining milestone in the growth journey of Mobilise App Lab Limited, as we evolve from a focused enterprise software platform into a scalable, multi-solution SaaS company serving B2B clients across sectors and geographies. Over the years, we have built a strong ERP portfolio addressing critical requirements in education, facility & asset management, supply chain, and human resource management.

The IPO represents the next phase of our expansion. Proceeds from the Fresh Issue will be utilised towards product development through talent hiring, business development and marketing initiatives, and strengthening infrastructure, enabling us to scale operations and deepen our market presence. As we enter the public markets, our focus remains on sustainable growth, continuous innovation, and long-term value creation, supported by a strong leadership team, robust technology platforms, and the growing adoption of digital enterprise solutions.”

Mr. Kulbhushan Parashar, Founder of Corporate CapitalVentures Private Limited said, “India’s enterprise software and SaaS market is witnessing strong growth, driven by increasing digital adoption across education, infrastructure, logistics, and workforce management. Within this expanding landscape, Mobilise App Lab Limited has built a differentiated position by offering integrated ERP platforms that address multiple enterprise use cases across sectors.

The Company’s transition from a focused solution provider to a scalable, multi-solution SaaS platform positions it well to benefit from the growing demand for technology-led operational efficiency among B2B customers. The proposed utilisation of IPO proceeds towards product enhancement through talent hiring, business development and marketing initiatives, and infrastructure strengthening is expected to further support scalability and market penetration. With an experienced management team, proven execution capabilities, and exposure to large and expanding end markets, Mobilise App Lab Limited is well-placed to participate in the long-term growth opportunity offered by India’s enterprise digital transformation and SaaS ecosystem.”

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