Tag: Business

Strategic Move Aims to Unlock Renewable Energy Access for Millions of Consumers in India’s Rapidly Expanding 150+ GW Solar Ecosystem

Mumbai (Maharashtra) [India], June 23: As India accelerates toward a renewable energy future backed by an estimated US$200 billion+ investment opportunity, over 150 GW of installed solar capacity, and a government target of 1 crore solar-powered households, Empower India Limited (NSE: EMPOWER, BSE: 504351) has announced its strategic expansion into next-generation Digital Solar solutions.

This initiative aims to democratize access to renewable energy while supporting India’s growing energy needs, strengthening long-term energy security, and accelerating the country’s transition toward a sustainable and domestically powered future.

Addressing the Market Gap While India advances its clean-energy ambitions, many consumers and businesses remain unable to participate in the solar revolution due to barriers such as a lack of rooftop ownership, inadequate installation space, high upfront capital requirements, and the complexities of managing solar infrastructure.

Recognizing this, Empower India is evaluating innovative solar-access models designed to enable a wider section of society to benefit from renewable energy without the traditional hurdles of ownership. This initiative represents a strategic evolution of the Company’s existing expertise in renewable energy, solar solutions, and power infrastructure.

Tapping into a Multi-Decade Growth Opportunity India’s transition toward sustainable energy is creating one of the largest infrastructure opportunities in the country’s history, with over US$200 billion in investment expected in the coming years. With the country having already surpassed 150 GW of installed solar capacity and the government’s PM Surya Ghar initiative targeting 1 crore households, the scale of the opportunity is significant.

Empower India believes the next phase of growth will be driven by solutions that make clean energy more accessible, affordable, and scalable. The proposed platform is expected to focus on enabling customers to participate in renewable energy generation, thereby reducing reliance on conventional power and potentially lowering long-term energy costs.

Positioning for India’s Energy Future – The expansion leverages Empower India’s existing capabilities in technology infrastructure, network management, digital platforms, and sustainable power solutions. By integrating technology and analytics with renewable infrastructure, the Company aims to create a differentiated ecosystem serving both individual and enterprise customers.

“The future of energy lies not only in generating renewable power but in making renewable power accessible to every consumer and business,” said Mr. Rajesh Chavan, Managing Director of Empower India Limited. “Our vision is to build technology-enabled energy solutions that remove traditional barriers to solar adoption while creating a scalable and recurring revenue platform for long-term growth. This initiative aligns with our commitment to innovation, sustainability, and value creation for our shareholders”.

As Empower India continues to strengthen its presence across technology and sustainable power solutions, the Company believes this strategic expansion positions it to participate in one of the most significant structural growth opportunities emerging in India’s renewable energy sector.

About Empower India Limited:
Empower India Limited (NSE: EMPOWER, BSE: 504351) is focused on technology infrastructure, network management, and sustainable power solutions, committed to driving innovation and value creation within India’s evolving energy landscape.

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Howrah (West Bengal) [India], June 22: Iris Clothings Limited (NSE: IRISDOREME), a readymade garment company engaged in designing, manufacturing, branding, and selling garments for kids wear, has announced its entry into the Quick Commerce segment. The Company’s products will initially be available across Bengaluru and Hyderabad, marking a strategic expansion of its omnichannel distribution platform.

Building on its strong foundation of distributor-led sales, Exclusive Brand Outlets (EBOs), and its recently launched Direct-to-Consumer (D2C) platform, it continues to strengthen its market presence through high-growth retail channels. The addition of Quick Commerce enhances the Company’s ability to reach consumers across multiple touchpoints while further improving accessibility, convenience, and brand visibility.

The move is particularly significant given the gifting-led nature of the kidswear category, where purchase decisions are often immediate and occasion-driven. As one of the fastest-growing segments within India’s retail landscape, Quick Commerce is rapidly transforming consumer purchasing behaviour and emerging as a powerful demand-generation channel. By leveraging the Quick Commerce platform, Iris Clothings is well positioned to capitalize on this structural shift and unlock incremental growth opportunities.

Commenting on the update, Mr. Santosh Ladha, Managing Director of Iris Clothings Limited said: “Our entry into Quick Commerce represents a significant milestone in Iris Clothings’ growth journey and reflects our commitment to building a robust, future-ready distribution ecosystem. With our presence now spanning traditional retail, EBOs, D2C, and Quick Commerce, we have established a diversified omnichannel platform capable of serving consumers across every major purchase touchpoint. This initiative strengthens our market reach, enhances brand visibility, and positions us to participate in one of the most compelling growth opportunities within the Indian retail sector. We believe Quick Commerce will serve as an important lever in driving customer acquisition, accelerating brand penetration, and supporting long-term value creation.”

About Iris Clothings Limited

Founded in 2004 and headquartered in Howrah, West Bengal, Iris Clothings Limited is a publicly listed company engaged in the design, manufacturing, branding, and distribution of children’s apparel. With seven in-house manufacturing facilities and two warehousing units, the company operates a fully integrated model — allowing scale, speed, and quality control across product categories. Iris Clothings serves over 140 distributors and has a strong retail presence in 26 states across India. In addition to DOREME, the company has developed multiple brand verticals and continues to focus on affordable fashion innovation. Iris Clothings Limited has been listed on NSE since 2018.

For FY26, the company has reported Total Income of ₹1,909 Mn, EBITDA of ₹294 Mn, and Net Profit of ₹162 Mn.

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Surat (Gujarat) [India], June 23: Sumeet Industries Limited, (NSE Code: SUMEETINDS, BSE Code: 514211), one of the leading integrated polyester manufacturers engaged in the production of Pet Chips, Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY) and Polyester Texturized Yarn, has announced a Rights Issue for its eligible shareholders aimed at enhancing financial flexibility and supporting the Company’s strategic business priorities.

Rights Issue Overview:

The Board of Directors of Sumeet Industries Limited has approved the terms of a Rights Issue aggregating to ₹199.75 Cr through the issuance of ₹16.84 Cr fully paid-up equity shares. 

The Company proposes to deploy ₹49.00 Cr from the Rights Issue proceeds towards the acquisition and operationalisation of Additional 140,000 Ton Per Annum Polyester Chips (CP) Plant acquired from Nakoda Limited in Surat, Gujarat. The project involves a total capital outlay of ₹90.00 Cr; with the balance ₹41.00 Cr being funded through internal accruals. Expected to be recommissioned in Q1 FY27-28, the facility will strengthen backward integration and support the Company’s downstream polyester manufacturing operations.

Key Terms of Rights Issue:

• Rights Issue Size ₹199.75 Cr 
• Shares Offered 16.84 Cr Equity Shares 
• Issue Price ₹11.86 Per Share 
• Face Value ₹2 Per Share 
• Entitlement Ratio 8 Rights Shares for every 25 Shares Held 
• Record Date June 12, 2026 
• Issue Opened June 22, 2026 
• Last Date for Renunciation July 15, 2026 
• Issue Closes July 20, 2026

Proposed Utilisation of Net Proceeds (₹ 194.90 Cr)

• Working Capital Support (₹100.00 Cr): To strengthen working capital requirements, support higher production volumes, and ensure efficient procurement of raw materials.
• Nakoda Asset Integration (₹49.90 Cr): To facilitate the integration, operationalization, and ramp-up of acquired assets of Nakoda Limited.
• Debt Repayment (₹23.00 Cr): To prepay existing borrowings, reduce finance costs, and strengthen the Company’s balance sheet.
• 6.5 MW Solar Power Plant (₹22.00 Cr): To establish a captive solar power plant, reduce energy costs, and enhance long-term energy security and sustainability.

Strategically, the proposed capital allocation is focused on four key pillars – manufacturing scale-up, asset integration, balance sheet strengthening, and energy security. Together, these initiatives are expected to enhance operational resilience, improve resource efficiency, and strengthen the Company’s long-term growth platform. The planned investments are intended to strengthen Sumeet Industries’ competitive positioning while supporting sustainable and profitable growth over the long term.

The capital raised through the Rights Issue will support Sumeet Industries next phase of growth by strengthening working capital, accelerating the integration of acquired manufacturing assets, optimizing the capital structure through debt reduction, and enhancing energy security through a captive solar power facility. These initiatives are expected to improve operational efficiency, expand manufacturing capabilities. Issue De

Commenting on the Rights Issue, Mr. Pratik R. Jaju, Managing Director of Sumeet Industries Limited said, “The Rights Issue marks an important milestone in Sumeet Industries’ growth journey and reflects our commitment to strengthening the Company’s operational and financial position. We are pleased to offer our existing shareholders an opportunity to participate in the Company’s future growth.The proposed fund raise of ₹199.75 Cr will support key strategic priorities, including working capital requirements, integration of acquired manufacturing assets, debt reduction, and investment in a captive solar power facility. A key focus area will be the operationalisation of the recently acquired Polyester Chips manufacturing facility from Nakoda Limited, which is expected to strengthen backward integration and enhance our integrated polyester value chain.This acquisition will support our downstream POY and FDY operations, enhance operational scale, and provide a strong platform for future growth. Driven by the anticipated benefits of this acquisition and its integration, the Company expects approximately 30% growth in Total Income during FY 2026-27, with EBITDA margins in the range of 5.0%–6.0%. Following the successful integration of the acquisition, Total Income is expected to nearly double in FY 2027-28, while EBITDA margins are expected to improve to 5.5%–6.5%.As we continue to focus on expanding our presence across the polyester value chain, strengthening backward integration, we believe this Rights Issue will further position the Company to capitalize on emerging growth opportunities and deliver sustainable long-term value for all stakeholders.”

About Sumeet Industries Limited

Incorporated in 1988, Sumeet Industries Limited is a Surat-based integrated polyester manufacturer engaged in the production of Pet Chips, Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY), and Polyester Texturized Yarn. The company has been taken over by the Eagle Group, Successful Resolution Applicant, in pursuance of the Hon’ble NCLT order dated 16 July 2024. The promoters of Eagle Group are seasoned technocrats with over 40 years of experience in the textile industry, bringing strong operational and strategic expertise to the company.

With over four decades of experience, Sumeet Industries operates a technologically advanced manufacturing facility equipped with international-standard quality testing and R&D infrastructure for developing a wide range of yarns and applications. The Board has approved Phase 1 of the polyester yarn capacity expansion, involving an addition of 15,000 tonnes per annum with an investment of ₹30 Cr, aimed at strengthening the company’s presence in the value-added synthetic yarn segment while supporting scale and profitability. 

The company has also invested 27% stake in HI-URJA TECHNO LLP, a Solar Power Generating Plant which has installed capacity of 14 MW as a Captive consumer and has been sourcing solar. Apart from this the company has also been weighing to source to get Renewal power (Solar, Wind and Both) under Captive/Group captive from various Generators

Sumeet Industries is also focusing on developing value-added yarns, introducing Bright and dope dyed yarn, and widening its product range to cater to diverse applications within the domestic textile industry.

In FY26, the company recorded revenue of ₹1,053.81 Cr, EBITDA of ₹60.77 Cr, and Profit After Tax (Including Exceptional Item) of ₹27.33 Cr.

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New Delhi [India], June 23: IJ Kakehashi Services Pvt. Ltd.  (Head Office: Delhi, India; Managing Director: Sanjay Kumar Panda; hereinafter “IJK”) is proud to announce its participation as a founding shareholder in a Joint Venture company to be established in New Delhi, India, along with Kodansha Ltd.  (Head Office: Tokyo; President & Representative Director: Yoshinobu Noma) and Dai Nippon Printing Co. Ltd. (Head Office: Tokyo; President: Yoshinari Kitajima; hereinafter “DNP”).

Kodansha’s Indian entity will start operation by autumn 2026 and carry out marketing, manufacturing, and publishing activities for Kodansha’s manga and other content, creating affordable localized editions for the Indian market.

This marks a significant milestone as it will be for the first time that a Japanese leading general publishing company will be establishing its local subsidiary in India.

IJK brings to this venture its rich expertise of working for over two decades in the space of India-Japan business linkages. IJK will serve as the on-ground operational partner, facilitating the seamless introduction of Kodansha’s world-renowned titles to Indian readers.

India’s rapidly growing population and expanding middle class have nurtured an enthusiastic and fast-growing fan base for Japanese manga and content, particularly amongst the younger population. Popular titles such as “Attack on Titan” and “Blue Lock” are among the Kodansha titles that will be made available.

“We are honored to partner with leading Japanese companies, Kodansha and DNP, in this historic venture. India has one of the world’s most vibrant and youthful readerships, and the enthusiasm for Japanese manga here is extraordinary. Kodansha’s books such as “Totto Chan” and the Mottainai Grandma series are already popular in India, and IJK has been a part of this journey. This is a bridge between two great cultures of storytelling, and IJK is privileged to be a part of it,” said Sanjay Panda of IJK.

Key Information:

• Shareholders & Investment Ratios: Kodansha Ltd. (81%), Dai Nippon Printing Co., Ltd. (14%), IJ Kakehashi Services Pvt. Ltd. (5%)
• Managing Director: Hirotoshi Kurita (Director, Kodansha Ltd.)
• Capital: INR 95 million
• Location: Delhi, India
• Business: Publishing and content business
• Establishment: July 2026
• Start of Operations: Autumn 2026 (planned)

The information contained herein is as of the date of announcement and is subject to change without prior notice.

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Mumbai (Maharashtra) [India], June 23: Kratikal Tech Limited is an AI driven, Software-as-a-Service based cybersecurity company, proposes to open its Initial Public Offering on June 30, 2026, aiming to raise ₹ 39.69 Crores (at upper price band) with shares to be listed on the BSE SME.

The issue size is 29,40,000 equity shares with a face value of ₹ 10 each with a price band of ₹ 128 – ₹ 135 Per Share.

Equity Share Allocation

• QIB Anchor Portion – Upto 8,31,000 Equity Shares
• Qualified Institutional Buyer – Not more than 5,58,000 Equity Shares

• Non-Institutional Investors – Not less than 4,23,000 Equity Shares
• Individual Investors – Not less than 9,78,000 Equity Shares
• Market Maker – Up to 1,50,000 Equity Shares

The net proceeds from the IPO will be utilized for Investment in Threatcop FZ LLC, UAE and Threatcop AI Inc, USA (subsidiaries) for expenditure towards sales & marketing activities and development of workforce resources, Investment in product development, and general corporate purposes. The anchor portion will open on Monday, June 29, 2026. The Issue will open on Tuesday, June 30, 2026 and will close on Thursday, July 02, 2026.

The Book Running Lead Manager to the Issue is Beeline Capital Advisors Private Limited & KFin Technologies Limited is Registrar to the Issue.

Mr. Pavan Kumar, Chairman, Managing Director & CEO of Kratikal Tech Limited expressed, “The cybersecurity landscape is evolving rapidly, and organizations today require intelligent, proactive, and comprehensive solutions to safeguard their people, processes, and technology. At Kratikal Tech, we have built a differentiated AI-driven cybersecurity platform that enables enterprises to strengthen their cyber resilience and stay ahead of emerging threats.

The launch of our IPO represents a significant milestone in our journey and reflects the confidence we have in our business model, technology capabilities, and growth prospects. The proceeds from the issue will enable us to accelerate our global expansion, strengthen our product portfolio, invest in innovation, and further enhance our sales, marketing, and talent capabilities across key markets.

As digital transformation continues to gain momentum worldwide, the demand for robust cybersecurity solutions is expected to grow substantially. With our proven track record, strong client relationships, and scalable SaaS-led platform, we are well-positioned to capitalize on these opportunities.”

About Kratikal Tech Limited:

Kratikal Tech Limited is an AI driven, Software-as-a-Service based cybersecurity company protecting more than 677 clients with a workforce 200 skilled professionals. The Company operates through two integrated business lines and services designed to reduce cyber risk and enhance organizational resilience through a unique dual-layered approach:

• People Security Management (PSM): Through its Threatcop platform, the Company mitigates human-centric cyber risks (like phishing) by assessing and training employees.
• Technology & Process Security: Under the Kratikal brand, it provides comprehensive defense for the technology stack.

Together, these offerings deliver integrated protection across the People–Process–Technology framework in an increasingly complex threat environment.

In FY26, The Company achieved a Revenue of ₹ 3,671.59 Lakhs, EBITDA of ₹ 908.08 Lakhs & PAT of ₹ 614.25 Lakhs.

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New Delhi [India], June 23: In a political landscape shaped by digital platforms, visual content and real-time public engagement, communication is no longer limited to campaign slogans or advertisements. It requires strategic clarity, creative execution and a strong understanding of people.

“In today’s world, attention is the new battleground. Leaders who communicate with authenticity, clarity and emotion create lasting impact. Narratives do not just shape campaigns, they shape history.” – Gourav Dhingra, Founder & Creative Director, Marketing Bhaiyaa.

Marketing Bhaiyaa is a new-age political communication and content production firm that works at the intersection of politics, governance, media and storytelling. Founded by young professionals with experience in campaign communication, filmmaking and digital media, the organisation supports political leaders, public representatives and institutions in communicating ideas with clarity and relevance.

Led by Founder and Creative Director Gourav Dhingra, Marketing Bhaiyaa brings a creative, people-centric approach to political communication. With over six years of experience in media, theatre, direction and storytelling, Gourav has worked on communication projects that combine political understanding with cinematic treatment and audience-focused messaging.

Beyond elections, Marketing Bhaiyaa has developed a growing portfolio in governance communication. The team has directed and produced more than 100 documentary and public-interest films focused on development initiatives, citizen experiences, public welfare programmes and governance outcomes. These projects have helped present complex policy interventions in a format that is accessible, relatable and visually engaging.

What sets Marketing Bhaiyaa apart is its narrative-led approach. The firm does not treat communication as a collection of individual posters, videos or social media posts. Instead, it develops a cohesive communication framework in which every creative asset supports a larger message, campaign objective or public narrative.

The organisation works through a multidisciplinary team of filmmakers, cinematographers, editors, writers, designers, digital strategists and on-ground storytellers. This integrated structure enables the team to conceptualise, produce and deliver communication assets across formats, from short-form digital content and campaign videos to documentaries and large-scale public communication films.

Marketing Bhaiyaa represents a new generation of political communication firms: agile, creatively driven and rooted in an understanding of India’s changing political and media environment. By combining political insight, cinematic execution and digital-first strategy, the firm helps leaders and institutions build communication that is not only visible, but also credible, memorable and connected to people.

From election campaigns to governance communication, Marketing Bhaiyaa’s mission remains clear: to create stories that inform, influence and inspire.

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Surat (Gujarat) [India], June 23: Sumeet Industries Limited, (NSE Code: SUMEETINDS, BSE Code: 514211), one of the leading integrated polyester manufacturers engaged in the production of Pet Chips, Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY), and Polyester Texturized Yarn, has announced a Rights Issue for its eligible shareholders aimed at enhancing financial flexibility and supporting the Company’s strategic business priorities.

Rights Issue Overview:

The Board of Directors of Sumeet Industries Limited has approved the terms of a Rights Issue aggregating to ₹199.75 Cr through the issuance of ₹16.84 Cr fully paid-up equity shares.

The Company proposes to deploy ₹49.00 Cr from the Rights Issue proceeds towards the acquisition and operationalization of an additional 140,000 Ton Per Annum Polyester Chips (CP) Plant acquired from Nakoda Limited in Surat, Gujarat. The project involves a total capital outlay of ₹90.00 Cr, with the balance ₹41.00 Cr being funded through internal accruals. Expected to be recommissioned in Q1 FY27-28, the facility will strengthen backward integration and support the Company’s downstream polyester manufacturing operations.

Key Terms of Rights Issue:

• Rights Issue Size: ₹199.75 Cr
• Shares Offered: 16.84 Cr Equity Shares
• Issue Price: ₹11.86 Per Share
• Face Value: ₹2 Per Share
• Entitlement Ratio: 8 Rights Shares for every 25 Shares Held
• Record Date: June 12, 2026
• Issue Opens: June 22, 2026
• Last Date for Renunciation: July 15, 2026
• Issue Closes: July 20, 2026

Proposed Utilisation of Net Proceeds (₹194.90 Cr):

• Working Capital Support (₹100.00 Cr): To strengthen working capital requirements, support higher production volumes, and ensure efficient procurement of raw materials.
• Nakoda Asset Integration (₹49.90 Cr): To facilitate the integration, operationalization, and ramp-up of acquired assets of Nakoda Limited.
• Debt Repayment (₹23.00 Cr): To prepay existing borrowings, reduce finance costs, and strengthen the Company’s balance sheet.
• 6.5 MW Solar Power Plant (₹22.00 Cr): To establish a captive solar power plant, reduce energy costs, and enhance long-term energy security and sustainability.

Strategically, the proposed capital allocation is focused on four key pillars – manufacturing scale-up, asset integration, balance sheet strengthening, and energy security. Together, these initiatives are expected to enhance operational resilience, improve resource efficiency, and strengthen the Company’s long-term growth platform. The planned investments are intended to strengthen Sumeet Industries’ competitive positioning while supporting sustainable and profitable growth over the long term.

The capital raised through the Rights Issue will support Sumeet Industries’ next phase of growth by strengthening working capital, accelerating the integration of acquired manufacturing assets, optimizing the capital structure through debt reduction, and enhancing energy security through a captive solar power facility. These initiatives are expected to improve operational efficiency and expand manufacturing capabilities.

Commenting on the Rights Issue, Mr. Pratik R. Jaju, Managing Director of Sumeet Industries Limited said, “The Rights Issue marks an important milestone in Sumeet Industries’ growth journey and reflects our commitment to strengthening the Company’s operational and financial position. We are pleased to offer our existing shareholders an opportunity to participate in the Company’s future growth.

The proposed fund raise of ₹199.75 Cr will support key strategic priorities, including working capital requirements, integration of acquired manufacturing assets, debt reduction, and investment in a captive solar power facility. A key focus area will be the operationalization of the recently acquired Polyester Chips manufacturing facility from Nakoda Limited, which is expected to strengthen backward integration and enhance our integrated polyester value chain.

This acquisition will support our downstream POY and FDY operations, enhance operational scale, and provide a strong platform for future growth. Driven by the anticipated benefits of this acquisition and its integration, the Company expects approximately 30% growth in Total Income during FY 2026-27, with EBITDA margins in the range of 5.0%–6.0%. Following the successful integration of the acquisition, Total Income is expected to nearly double in FY 2027-28, while EBITDA margins are expected to improve to 5.5%–6.5%.

As we continue to focus on expanding our presence across the polyester value chain and strengthening backward integration, we believe this Rights Issue will further position the Company to capitalize on emerging growth opportunities and deliver sustainable long-term value for all stakeholders.”

About Sumeet Industries Limited

Incorporated in 1988, Sumeet Industries Limited is a Surat-based integrated polyester manufacturer engaged in the production of Pet Chips, Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY), and Polyester Texturized Yarn. The company has been taken over by the Eagle Group, Successful Resolution Applicant, in pursuance of the Hon’ble NCLT order dated 16 July 2024. The promoters of Eagle Group are seasoned technocrats with over 40 years of experience in the textile industry, bringing strong operational and strategic expertise to the company.

With over four decades of experience, Sumeet Industries operates a technologically advanced manufacturing facility equipped with international-standard quality testing and R&D infrastructure for developing a wide range of yarns and applications. The Board has approved Phase 1 of the polyester yarn capacity expansion, involving an addition of 15,000 tonnes per annum with an investment of ₹30 Cr, aimed at strengthening the company’s presence in the value-added synthetic yarn segment while supporting scale and profitability.

The company has also invested a 27% stake in HI-URJA TECHNO LLP, a Solar Power Generating Plant which has an installed capacity of 14 MW as a captive consumer and has been sourcing solar. Apart from this, the company has also been weighing to source to get renewable power (Solar, Wind, and Both) under Captive/Group captive from various generators.

Sumeet Industries is also focusing on developing value-added yarns, introducing bright and dope dyed yarn, and widening its product range to cater to diverse applications within the domestic textile industry.

In FY26, the company recorded revenue of ₹1,053.81 Cr, EBITDA of ₹60.77 Cr, and Profit After Tax (Including Exceptional Item) of ₹27.33 Cr.

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

Surya Kumar Yadav Joins Hands with ORA Land for BluBay at Karjat

Mumbai (Maharashtra) [India], June 23: Diversifying its real estate portfolio and expanding its presence across high-growth segments, ORA Group has announced its strategic entry into the integrated township and plotted development space through ORA Land, the Group’s dedicated land development vertical. Marking a significant milestone in the company’s growth journey, ORA Land has chosen Karjat as the location for its maiden development—a large-scale, thoughtfully planned community envisioned to redefine land ownership through modern infrastructure, lifestyle amenities and sustainable living.

• ORA Group strengthens its real estate footprint with a strategic entry into land development through ‘BluBay’ by ORA Land
• Chooses Karjat, one of MMR’s fastest-growing investment destinations, for its maiden integrated township and plotted development
• Announces Surya Kumar Yadav as the brand ambassador for BluBay

The launch comes at a time when Karjat is rapidly emerging as one of the most sought-after real estate destinations within the Mumbai Metropolitan Region (MMR). Driven by transformational infrastructure projects, enhanced connectivity and increasing demand for nature-led living environments, the region has witnessed growing interest from both end-users and investors seeking long-term value appreciation alongside an improved quality of life.

Commenting on the development, Ms. Unnati Varma, Director, ORA Land (by ORA Group), said, “Our foray into integrated township and plotted developments marks a natural evolution of ORA Group’s real estate vision. Karjat offers a unique combination of connectivity, natural beauty, and long-term growth potential, making it the ideal destination for our first project in this segment. With BluBay, we are creating far more than a plotted development—we are building a thoughtfully planned lifestyle destination anchored by a crystal-clear lagoon, expansive open spaces, wellness and recreational experiences, and world-class design. Conceived in collaboration with Morphogenesis, one of India’s most awarded architecture firms and among the world’s Top 100 architectural practices, and powered by Fluidra’s global expertise in delivering iconic lagoon experiences; BluBay brings an international standard of living to the Mumbai Metropolitan Region. Through ORA Land, we aim to create future-ready communities that seamlessly blend nature, design, and infrastructure while generating enduring value for homeowners, investors, and the wider region.”

Further strengthening the project’s positioning and brand appeal, Indian cricket star Suryakumar Yadav has recently been announced as the Brand Ambassador for BluBay, ORA Land’s flagship development in Karjat. The association follows a series of intriguing social media posts by the cricketer that generated widespread curiosity around the concept of #T60Life. Beginning with his May 26 post, “Hey Guys, I’m stepping into something bigger. A new chapter. At a different pace. It’s called the #T60Life. Stay Tuned!”, and followed by a teaser video released on June 12 carrying the message, “Get Ready To Witness Something Bigger. 360 degree on the field. T60 Life beyond it. #T60Life”, the campaign has successfully built anticipation around a lifestyle that extends beyond conventional urban living.

ORA Land Unveils Surya Kumar Yadav as Face of BluBay Project in Karjat

The collaboration reflects a shared vision of embracing balance, wellness and meaningful living experiences. It also reinforces BluBay’s positioning as a destination that seamlessly integrates nature, recreation, community living and long-term wealth creation within one of MMR’s most promising growth corridors.

The upcoming development is envisioned as a comprehensive integrated township featuring well-demarcated residential plots complemented by robust infrastructure, landscaped open spaces, recreational zones, wellness-focused amenities and community-centric facilities. Designed to appeal to homebuyers, second-home seekers and investors alike, the project aims to offer a carefully curated environment that combines the flexibility of land ownership with the conveniences of modern township living.

Over the past few years, Karjat has steadily transformed into a preferred destination for both residential and second-home investments. Improved rail and road connectivity, proximity to Mumbai, Navi Mumbai and Pune, and the development of major infrastructure projects across the region have significantly enhanced its attractiveness. At the same time, changing consumer preferences have accelerated demand for spacious, wellness-oriented environments, resulting in strong traction for plotted developments and integrated communities.

ORA Land’s entry into the segment aligns with ORA Group’s long-term vision of unlocking the potential of strategically located land parcels and transforming them into organized, future-ready destinations. By combining thoughtful planning, sustainable development principles and customer-centric design, the company aims to create vibrant communities that cater to the evolving aspirations of modern homebuyers while contributing to the region’s overall growth.

Looking ahead, ORA Land plans to actively explore opportunities across emerging growth corridors in Maharashtra and other strategic markets. With a focus on quality development, innovation and long-term value creation, the company is committed to building destinations that not only enhance lifestyles but also create enduring value for customers, investors and stakeholders.

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New Delhi [India], June 23: As India’s digital economy scales, a group of Indian companies commissioned a first-of-its-kind consumer survey with Kantar to understand how people experience today’s digital ecosystem, and whether platform practices shape consumer choice and competition.

Based on responses from 500 urban, digitally active users across India, the survey suggests that a small number of platforms increasingly shape how consumers search, communicate, navigate, store information, and access digital services. It also points to consumer concerns around switching between services, visibility of alternatives, pricing, and the growing influence of integrated digital ecosystems.

Beyond competition and consumer outcomes, these patterns also raise broader questions about resilience and dependence in digital markets. The survey indicates that several of the digital services used most frequently by respondents are concentrated among a small number of global platforms. As digital services become more deeply embedded in everyday life, this concentration may increasingly influence not only consumer outcomes, but also innovation, market access, and longer-term technological capability for India.

Commenting on the findings, Mr. Murugavel, Founder and CEO, Bharat Matrimony, said, “As a founder who has spent over two decades building a consumer internet business in India, I firmly believe that India has the talent and ambition to build its own thriving homegrown platforms at par with global ones. The survey findings highlight why that remains such a challenge. Consumers are not the beneficiaries of concentration. They are paying the price through higher costs, limited portability of their data, and fewer meaningful choices. For entrepreneurs, when a handful of global platforms control discovery, app store visibility, and default placement, even the best Indian products struggle to reach users. It is not that consumers do not want alternatives, they just find it difficult to find them and harder to switch to.”

Echoing Mr. Murugavel’s sentiments, Mr. Snehil Khanor, Founder, Truly Madly, said “India’s digital ecosystem cannot thrive on talent alone when critical gateways are controlled by a few. This is where regulation that levels the playing field by curbing unfair practices becomes important. We need to give Indian founders a fair chance to compete and consumers the homegrown innovation and choice they have clearly said they want.”

Market Concentration Across the Digital Stack

• Within the survey sample, usage patterns suggest near-universal usage of a single provider across foundational services:
• 100% of respondents use Google for search and personal email, and 98% for web browsing via Chrome.
• 97% use Google Maps for navigation and 96% use Google Drive for cloud storage.
• For video communication, the most used apps are WhatsApp (94%) and Google Meet (77%).

These patterns suggest that, for this sample, day-to-day digital activity is anchored to a narrow set of incumbents.

High Switching Costs May Entrench Incumbents

While integrated ecosystems offer convenience, respondents who had attempted to switch reported practical barriers to exit:

• 55% report difficulty transferring data across platforms.
• 48% say having contacts on another platform made switching harder.
• 35% report losing access to prior purchases or subscriptions when switching.

Nearly 42% respondents said that they find integrated ecosystems limiting or prefer to avoid them, highlighting a trade-off between usability and autonomy.

Self-Preferencing and Platform Gatekeeping

The survey points to widespread consumer awareness of platform promotion:

• 82% report frequently noticing platform-owned products or services promoted in search results, recommendations, or app stores.
• 76% report features or accessories working better within the same brand ecosystem.
• 64% report receiving suggestions to buy additional products from the same company.
• Only 4% report experiencing none of these behaviours.

This suggests that many consumers perceive large platforms as occupying a gatekeeping position that may influence discovery and consumption patterns within their own ecosystems.

Implications for Pricing and Consumer Welfare

Consumer awareness of app store commissions is high. Many consumers also associate these commissions with higher prices.

• 85% are aware that app stores charge developers high commissions
• 95% believe app store commissions increase the prices consumers pay for apps and digital services.
• 60% report experiencing large tech companies offering free or cheap services initially before raising prices significantly, with a further 33% reporting this sometimes.

These findings reflect consumer concerns that market power in digital ecosystems may translate into higher long-term costs.

Barriers to Entry for Indian Alternatives

Despite rising policy focus on digital sovereignty and domestic innovation, respondents see structural barriers to adopting Indian alternatives:

• 57% attribute foreign app dominance to network effects (existing user bases).
• 62% point to first-mover advantage and stronger visibility in search and app stores.
• 58% say they would consider switching if data could transfer smoothly, and 55% if Indian apps were easier to find in search and app stores.

Notably, only 38% felt Indian alternatives were not as good, suggesting the gap is perceived as structural rather than a matter of product quality.

AI-Led Consolidation: A Possible Next Phase

The emergence of AI-driven interfaces may further entrench incumbent advantages:

• 45% of respondents use pre-installed AI assistants (such as Siri, Google Assistant, or Alexa) either primarily or alongside other options, and only 16% report switching away from the default.
• 87% say they typically rely on the AI-generated answer shown in search and find it usually sufficient, rather than clicking through to external websites, raising questions about traffic to independent publishers and how AI-mediated discovery may shape competition.

Policy Implications: The Case for Ex-Ante Regulation

The findings come as India considers the Digital Competition Bill, which proposes a shift from reactive (ex-post) enforcement to proactive (ex-ante) regulation for large digital gatekeepers. Measures under consideration include restrictions on self-preferencing, mandates for interoperability and data portability, and limits on anti-competitive bundling that are increasingly discussed as tools to support competition in digital markets and safeguard consumer choice.

Outlook: Competition as a Consumer Imperative

The survey indicates consumer alignment with pro-competition outcomes:

• 86% expect improved quality and innovation with more competition.
• 66% want easier switching without losing data.
• 58% anticipate lower prices.

The survey is intended as a first probe – a dipstick – focused on a digitally active, higher-engagement consumer segment. The patterns identified are strong enough to warrant deeper and larger-scale examination across broader consumer groups. As India’s digital economy continues to scale, the broader challenge for policymakers will be ensuring that growth and convenience do not come at the cost of competition.

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Mumbai (Maharashtra) [India], June 23: Mumbai-based production and storytelling company Cinerea Films announces the formal expansion of its founding team, with Sumukh Tawde and Rohan Patil joining as Co-founders alongside Rohit Mhatre, who established the company in 2016. Together, the three bring over three decades of combined experience across production, content development, and brand strategy, and a shared conviction that India’s best stories are still largely untold.

• Sumukh Tawde and Rohan Patil Join Rohit Mhatre as Co-Founders to Lead the Studio’s Next Chapter

• A New Development Slate Spanning Feature Films and Streaming Originals Takes Shape

Over the past decade, Cinerea has delivered 250+ brand films across 60+ clients spanning FMCG, automotive, real estate, hospitality, fashion, consumer durables, lifestyle and luxury, and social impact, building campaigns for brands including HUL, Honda, Tanishq, Reliance Digital, ITC, Sterling Holidays, Tata Trusts, and Maruti Suzuki. With creative development, production, and marketing now fully integrated under one roof for the first time, Cinerea is extending its capabilities into feature films, streaming originals, and original IP development, while its advertising and production work remains a thriving core vertical.

As India’s content ecosystem evolves, shaped by the rise of streaming platforms, shifting audience behaviour, creator-led media, and AI, the lines between entertainment, branded storytelling, and audience engagement are converging. Brands are increasingly seeking integrated content solutions, and the companies best positioned to deliver are those that can think, create, market, and measure under one roof. Cinerea’s expanded founding structure is built to address exactly this convergence: a full-stack studio combining storytelling, content production, marketing strategy, and AI capabilities.

The Founding Team:

Rohit Mhatre, Co-Founder, Production & Original Media, spent over a decade building Cinerea from a respected ad-film company into a full-fledged production house, before turning to original cinema. He has produced two Marathi feature films, including Punashcha Hari Om, widely viewed on ZEE5 and Zee Talkies, and is now leading Cinerea’s push into next-generation production.

Sumukh Tawde, Co-Founder, Content & Creative Development, brings over a decade across cinema, television, OTT, and digital. Part of the team that launched ZEE5, where he led shows across Hindi, Marathi, Tamil, and Telugu, and a long-standing voice in Zee’s Marathi Movie cluster, he brings a sharp narrative instinct and a deep understanding of what connects with audiences across languages and markets.

Rohan Patil, Co-Founder, Strategy & Growth, brings a strong understanding of audience behaviour, brand building, and entertainment marketing, having led the launch of five television channels, sports IPs, marquee events, and film campaigns across Zee Entertainment and Viacom18, earning multiple industry Golds including CMO Asia. At Cinerea, he leads growth and strategic initiatives aimed at building an integrated creative ecosystem where storytelling, audience understanding, and business objectives work in tandem for both scale and impact.

“Our DNA has always been rooted in powerful visual grammar. We spent a decade mastering it in advertising. Now, with the right team in place, we are ready to bring that same rigour to long-form storytelling.”

Rohit Mhatre, Co-Founder, Production & Original Media, Cinerea Films

“Good creative work is never just about aesthetics. It’s about what someone feels when the screen goes dark, and whether that feeling stays with them. That conviction is what drives everything we build at Cinerea.”

Sumukh Tawde, Co-Founder, Content & Creative Development, Cinerea Films

“The market no longer separates content from marketing from distribution. It’s all one conversation now. Cinerea is built for that reality, where strategy and storytelling sit together from day one, and every piece of work is designed not just for creative impact, but for real commercial value.”

Rohan Patil, Co-Founder, Strategy & Growth, Cinerea Films

The expanded founding team will lead Cinerea Films’ growth initiatives, institutional entertainment partnerships, and an active development pipeline of original IPs. The studio’s content slate spans feature films, streaming originals, and branded content across languages and distribution platforms.

Further announcements regarding Cinerea Films’ development slate and upcoming production partnerships are expected in the coming months.

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