Tag: Business

  • Why Gagan Dhawan Built a Faith-First Brand After Decades in Business

    Why Gagan Dhawan Built a Faith-First Brand After Decades in Business

    New Delhi [India], December 23: For years, Gagan Dhawan, a first-generation entrepreneur, has followed a familiar path. He has built businesses across sectors by spotting opportunities and slowly building upon them. Yet after years of building across sectors, something began to feel incomplete.

    “The businesses were working,” Dhawan reflects. “But somewhere along the way, I realised that success alone does not guarantee meaning.”

    That realisation did not come from failure. It came from experience.

    When success stops isn’t enough

    Dhawan’s career reflects the ambition of modern Indian entrepreneurship. Over time, he built and operated multiple ventures, explored new markets and faced tough choices along the way. From the outside, he had it all, but inside, a different observation was forming.

    He noticed a growing disconnect in the lives of people around him. Conversations felt focused and to the point, but rarely felt fulfilling. Despite making progress, many still felt restless or detached from a sense of grounding.

    “Somewhere we started equating success with being busy,” he says. “The faster we moved, the more accomplished we felt. But work without meaning can create an imbalance.”

    Rethinking what entrepreneurship is for

    Dhawan began to question a belief that dominates modern business culture. That entrepreneurship exists solely to chase valuations or market domination. After all, his experiences taught him that businesses can shape behaviour, values and everyday life.

    “Entrepreneurs influence culture more than they realise,” he explains. “What we build becomes part of people’s routines. It affects how they live and what they prioritise.”

    That insight became the foundation of a plan. He no longer wanted to build only for market demand but to answer a need that he saw in the people around him. Not a grand strategy but a simple observation.

    The gap between modern life and meaning

    Looking around, he saw how modern living was steadily distancing people from practices that once created emotional balance. Rituals became rushed and faith was something that was reserved for special occasions.

    “There was a time when offering a prayer or sitting with family was not a task,” he says. “It was simply part of life. Today, even peace has to be scheduled.”

    He saw how people still sought meaning and attempted to look deeper. The question then was not whether faith still mattered, but whether it was accessible in modern life.

    The birth of ServDharm

    ServDharm emerged from this question. Rather than positioning faith as ceremonial, the brand was built to make spiritual practices accessible and dignified. From thoughtfully designed puja kits to meaningful gifting, the focus was to move away from something transactional and towards something relevant.

    “ServDharm was about restoring a connection that people were quietly missing,” Dhawan says.

    Unlike conventional consumer brands, the goal was not impulse buying. These were products designed to fit into real homes that went with real moments of reflection. The growth that came as a result was never the goal.

    Long-term value over short-term trends

    In an era where businesses chase trends for visibility, Dhawan took a different approach. He resisted aggressive expansion and instead focused on trust and cultural sensitivity.

    “Faith is not a trend. It cannot be packaged aggressively,” he says. “If you approach it with a short-term mindset, people feel it immediately.”

    This philosophy reflects a broader belief he has developed over the years. That long-term value is created by a unity of thought and action. The same principle that once guided his business decisions now guided his values.

    Entrepreneurship shaped by lived experience

    What sets Dhawan’s journey apart is not the shift itself, but the timing. ServDharm was not built at the start of his career. It came after decades of building and observation.

    “Had I tried to build this earlier, it would have been conceptual,” he admits. “It needed lived experience. It needed me to understand both ambition and being grounded.”

    This maturity shaped the brand’s calm, respectful tone. In many ways, ServDharm represents an evolved form of entrepreneurship. One informed by experience and understanding.

    Redefining success

    Today, Dhawan still believes in building strong businesses. But his definition of success has changed. It is not just about what a company achieves but also the message it carries and the impact it creates.

    “If a business can make people feel fulfilled and grounded,” he says, “that impact lasts longer than any metric.”

    In a business landscape dominated by speed and scale, Dhawan’s journey offers a counter-narrative. One where growth is measured not only in numbers, but in meaning. His path reflects a powerful truth. The most enduring businesses are often built when founders stop chasing success and start listening to what actually matters.

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  • Gujarat’s Deputy CM Harsh Sanghavi Inaugurates KP Green Engineering’s Matar Facility

    Gujarat’s Deputy CM Harsh Sanghavi Inaugurates KP Green Engineering’s Matar Facility

    Matar (Gujarat) [India], December 23: The 2.94 lakh TPA facility is among India’s most advanced steel fabrication and galvanising units and home to Asia’s largest galvanising kettle.

    Deputy Chief Minister Mr. Harshbhai Sanghavi on Wednesday virtually inaugurated KP Green Engineering Limited’s state-of-the-art fabrication and galvanising facility at Matar in Bharuch, in the presence of the company’s senior management and employees.

    Botswana’s Minister for Minerals and Energy, Bogolo Joy Kenewendo, who was the distinguished guest on the occasion, inaugurated Asia’s largest galvanising kettle, a key component of the Matar facility.

    Spread across 45 acres, the Matar facility is among India’s most advanced steel fabrication and galvanising units and reflects Gujarat’s growing stature as a hub for world-class manufacturing. The plant has a production capacity of 2.94 lakh tonnes per annum. From the current 3,10,500 tonnes per annum, KP Green Engineering’s total operational capacity will rise to 4,00,500 tonnes per annum once the plant becomes fully operational by 2026.

    Speaking at the inauguration, Deputy Chief Minister Mr. Harshbhai Sanghavi said the commissioning of the facility was a matter of pride for Gujarat and the country.

    “This large-scale factory, equipped with Asia’s largest galvanising kettle, shows Gujarat’s industrial strength and its commitment to sustainable development. KP Green Engineering, under the leadership of Dr. Faruk Patel, has made a meaningful contribution to the economic growth of Gujarat and India, while also supporting the national green energy transition,” he said.

    Referring to the recent MoU signed between KP Group and the Government of Botswana for collaboration in renewable energy generation, energy storage and transmission infrastructure, Deputy Chief Minister Mr. Harshbhai Sanghavi said the partnership demonstrates India’s growing capability to execute large-scale renewable energy projects globally.

    “The proposed development of up to 5 GW of renewable energy capacity supports the vision of Prime Minister Narendra Modi and Chief Minister Bhupendra Patel to position India and Gujarat as global hubs for clean energy solutions,” he added.

    The Matar facility will contribute directly to national and state priorities by strengthening power transmission and distribution networks, supporting renewable energy through solar and wind mounting structures, enabling railway electrification, and aiding the development of roads, highways, telecom infrastructure, pre-engineered buildings and heavy engineering projects. The plant is also being integrated with green hydrogen-based processes under the National Green Hydrogen Mission to minimise carbon emissions in galvanising and steel treatment operations.

    Dr. Faruk G. Patel, Founding Promoter of KP Group, said the new facility represents a decisive step towards building future-ready industrial infrastructure.

    “The Matar plant has been designed to deliver uniform quality, superior galvanising and long-life infrastructure assets for India’s critical sectors. Our focus remains on supporting national priorities in renewable energy, infrastructure and manufacturing, while creating sustainable livelihood opportunities and contributing to the nation’s growth,” he said.

    Dr. Patel commended the central and state government for their support to industries.

    “The Government of India under the leadership of Prime Minister Shri Narendra Modi, along with the Government of Gujarat led by Chief Minister Shri Bhupendra Patel and Deputy Chief Minister Mr. Harshbhai Sanghavi, has created a conducive environment for industries to grow. Their proactive approach and policy support have enabled companies like KP Group to expand,” he added.

    The Matar facility is expected to generate 6,000 to 7,000 direct and indirect jobs. With a renewable energy pipeline of more than 6 GW, the Group is contributing towards India’s target of achieving 500 GW of renewable energy capacity by 2030 and Prime Minister Narendra Modi’s net-zero commitments. KP Group’s journey from an MSME to a globally competitive enterprise also reflects the success of government initiatives such as Make in India, Atmanirbhar Bharat, MSME schemes and the Production Linked Incentive (PLI) programme.

    By supplying high-quality fabricated and galvanised structures to domestic and international markets, including the US, KP Green Engineering is strengthening India’s global manufacturing footprint and underlining the competitiveness of Indian infrastructure solutions on the world stage.

    Under the MoU, KP Group and the Government of Botswana will work together to develop renewable energy and infrastructure projects that would require capital investment of around $4 billion (Rs. 36,000 crore). The proposed projects include multiple utility-scale solar, wind, and hybrid power plants and battery energy storage systems to ensure grid stability and reliability.

    Commenting on the occasion, Dr. Faruk G. Patel said,

    “The leadership and administrative support of the Government of Gujarat, under the guidance of Deputy Chief Minister Mr. Harshbhai Sanghavi, has played an important role in enabling timely execution of large industrial and infrastructure projects. The state’s focus on law and order, project facilitation and ease of doing business has created a stable environment for manufacturing, power transmission and renewable energy development. Such an ecosystem directly supports facilities like our Matar plant, which contribute to national priorities in clean energy, infrastructure and sustainable manufacturing.”

  • On its 10th year anniversary FITTR joins Hands with Shahid Kapoor to Introduce a New Wellness Philosophy: ‘Health Is Freedom’

    On its 10th year anniversary FITTR joins Hands with Shahid Kapoor to Introduce a New Wellness Philosophy: ‘Health Is Freedom’

    Pune (Maharashtra) [India], December 23: Fittr, India’s leading preventive healthcare company, has introduced a fresh perspective on wellness, one that goes beyond physical appearance, rigid routines, or short-term goals.

    Along with Shahid Kapoor, Fittr is promoting this simple yet powerful philosophy: ‘Health Is Freedom’. At the heart of this philosophy lies the belief that good health empowers individuals with the freedom to live life on their own terms with confidence, energy, and control.

    Fittr’s Founder and CEO, Jitendra Chouksey (JC), said that Shahid Kapoor embodies this mindset, representing a generation that prioritises long-term health, balance, and mindful living. Together, Fittr and Shahid Kapoor aim to reshape how India perceives wellness, shifting the narrative from how we look to how well and freely we live.

    Speaking about the philosophy, JC said, “At Fittr, we believe that when you’re healthy, you’re truly free to live fully, make better choices, and stay ahead of lifestyle diseases that silently compromise quality of life.”

    Marking its 10-year journey of enabling healthier lives across the country, Fittr also announced a nationwide preventive health mission aimed at making India diabetes-free.

    As part of this initiative, Fittr will offer free HbA1c tests through its platforms to help individuals detect diabetes early and take timely preventive action.

    Addressing the growing health concern, JC added, “India is currently the diabetes capital of the world. At Fittr, we are committed to reversing this through awareness, access, and action.”

    Through its ‘Health Is Freedom’ philosophy and on-ground preventive initiatives, Fittr continues to work towards its long-term vision of building a healthier, stronger, and truly free India where healthcare empowers people to live better lives, not restricted ones.

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  • Rockingdeals Leads Circular Economy Dialogue as Founder Wins Sustainability Champions Award at ICSME 2025

    Rockingdeals Leads Circular Economy Dialogue as Founder Wins Sustainability Champions Award at ICSME 2025

    Yuvraj Aman Preet Singh, Founder & CEO, Rockingdeals Circular Economy Ltd honored with the Sustainability Champions Award at ICSME 2025

    New Delhi [India], December 23: Sustainability-driven business models and circular economy practices emerged as key focus areas at the 29th International Conference on Small and Medium Enterprises (ICSME 2025). Here, Rockingdeals Circular Economy Ltd., India’s leading B2B re-commerce company, was recognised for its contribution in excess inventory management, sustainable procurement and circular economy solutions.

    • Founder & CEO Yuvraj Aman Preet Singh honoured as Sustainability Champion; highlights profitable waste-to-wealth models
    • Rockingdeals showcases how circular economy practices can unlock green financing and ESG-aligned growth for MSMEs
    • Company recognised for scaling circular economy solutions that help MSMEs reduce waste, recover capital and cut carbon emissions

    The conference was organised bythe  World Association for Small and Medium Enterprises (WASME) at NBCC, New Delhi. At the event, Yuvraj Aman Preet Singh, Founder & CEO of Rockingdeals Circular Economy Ltd., was honored with the Sustainability Champions Award. This celebrates his leadership in sustainability-led, waste-to-wealth business models that help MSMEs recover capital, reduce carbon footprints, strengthen long-term business viability, and align with evolving ESG expectations.

    Singh also participated in a thought-provoking panel discussion on “Financing the Future: Green Capital, Blended Finance & ESG Investment for MSMEs.” The session brought together policymakers, financial institutions, investors, and industry leaders.

    The discussion focused on unlocking green financing and green capital, emerging green bond frameworks, and the adoption of green energy solutions. Panellists highlighted how carbon credits, green credits, help MSMEs join ESG-compliant global supply chains. At the same time, it stressed the need to move beyond greenwashing to build real investor confidence and long-term competitiveness.

    Addressing how the circular economy can unlock financing opportunities for MSMEs, Yuvraj Aman Preet Singh, Founder & CEO of Rockingdeals Circular Economy Ltd, said: “Every month, quick commerce players in the region are discarding perfectly good perishables worth over 200 million dollars simply because they have a short shelf life. We have partnered with Amazon and Noon in the UAE to recover this inventory directly from their warehouses. Then, segregate and grade it, to supply it to vendors, restaurants, and buyers who can use it before expiry.

    Rockingdeals

    L-R: Sadat Anwar, Managing Editor, Net Green Foundation; Vikas Somani, Co-Founder, Capinity Partners; Gunjan Jhunjhunwala, Programme Lead, Council on Energy, Environment and Water (CEEW); CA Yogesh Motwani, Zonal Credit Head, North India, and Senior Vice President at Kotak Mahindra Bank; Mukesh Sinha, Director, OSEL Devices Ltd; Yuvraj Aman Preet Singh, Founder & CEO, Rockingdeals Circular Economy Ltd

    In India, we are currently running an early-stage pilot sourcing milk from Blinkit, starting with 250 litres. As the programme scales, we are targeting the capability to handle up to 10,000 litres per day in the first phase. This would ensure near-expiry products reach value-conscious consumers in time. This is a circular economy in action. By rescuing waste, we’re feeding millions, preventing hunger, while saving vast amounts of water, energy and carbon emissions.

    He further underscored the importance of the circular economy by pointing out that: “One pair of jeans takes 6,000 litres of water to produce, imagine the water we can save by keeping clothes and food in circulation. For MSMEs, these partnerships create revenue opportunities from what was previously seen as waste. This proves that sustainability can be profitable and scalable.”

    Immediately, the particular circular economy steps MSMEs can adopt immediately, he added: “MSMEs must plan for excess at the manufacturing stage itself and focus on extending product life. For example, if a sofa manufacturer overproduces, It should have a solution like a means [for it] to go to somebody who really requires it, maybe at a lesser price, instead of dumping it. That whole ecosystem should be there for MSMEs from the government or players like us who can reach.”

    ICSME 2025 was themed “Driving Inclusive, Sustainable & Innovation-Led Growth through Global Partnerships: Empowering MSMEs for Viksit Bharat 2047 and a Sustainable World.”

    About Rockingdeals Circular Economy Limited (RDCEL)

    Rockingdeals Circular Economy Limited (RDCEL) is India’s leading B2B re-commerce company, now strategically expanding into high-speed Quick Commerce through its subsidiary Sustainquest Private Limited (SQPL). Listed on NSE Emerge, RDCEL operates a trading-led model that extends product lifecycles by sourcing surplus, open-box, and refurbished goods directly from manufacturers and distributors. The company is committed to sustainability, affordability, and innovation in value delivery, building resilient re-commerce and Q-Commerce ecosystems for India and beyond.

    For more information, contact: info@wichitapr.com

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  • Sterling Darjeeling offers guests an immersive opportunity to experience uninterrupted Kanchenjunga views

    Sterling Darjeeling offers guests an immersive opportunity to experience uninterrupted Kanchenjunga views

    Chennai (Tamil Nadu) [India], December 23: One of India’s most iconic natural landmarks, standing tall at 8,586 metres, Kanchenjunga is the highest peak in India and the third-highest mountain in the world, making it a source of pride and awe for travelers and locals alike.

    Sterling Darjeeling, perched atop Ghoom, the highest point of Darjeeling, gives guests a ringside view of Kanchenjunga. Guests are flocking to Sterling Darjeeling, to enjoy the magnificent views from thoughtfully designed vantage points, including the resort’s restaurant, Delicacy, allowing families and groups to come together and immerse in the different moods of the mountain in a relaxed, shared setting.

    Sterling Darjeeling PNN

    The Sterling Darjeeling resort focuses on experiences that encourage togetherness and comfort—offering breakfasts on the lawns, where guests can start their day with sweeping Kanchenjunga views, and high tea served by the viewpoint, set against Darjeeling’s serene mountain backdrop. While select rooms also offer views of the Kanchenjunga range, the emphasis remains on open, accessible spaces that invite guests of all ages to pause, connect and enjoy nature at their own pace, complemented by Sterling’s signature warm and comfortable stay experience.

    Commenting on the offering, Mr. Harinath M., Senior Vice President – Marketing, Sterling Holiday Resorts, said, “Kanchenjunga is not just a mountain—it is a landmark that defines the spirit of Darjeeling and India. At Sterling Darjeeling, we have consciously created shared spaces where guests can experience these celebrated Kanchenjunga views together, at different points of the day. As a brand with a wide presence across leisure destinations in India, Sterling remains committed to delivering experiences that are rooted in the destination and memorable for families.”

    Visit: www.sterlingholidays.com

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  • Hafele Architectural Lights expands interior lighting solutions with the Delft Series

    Hafele Architectural Lights expands interior lighting solutions with the Delft Series

    New Delhi [India], December 23: With over a decade of expertise in furniture lighting through its Loox range, Hafele extends its lighting portfolio with Hafele Architectural Lights, offering integrated lighting solutions designed for interior spaces. Developed to meet the growing demand for reliable, design-oriented architectural lighting, the range enables consistent illumination across residential and hospitality environments.

    The Architectural Lights range has been engineered to support a variety of lighting requirements, including ambient, task and accent lighting, while maintaining visual continuity across spaces. Designed with flexibility and ease of application in mind, the range allows architects and designers to implement different illumination techniques using a coordinated family of luminaires.

    A key offering within this portfolio is the Delft Series Architectural Lights, developed in response to current preferences for compact luminaires that deliver higher illumination with minimal visual intrusion. The series is suited for applications where controlled light output and visual comfort are essential, such as dining areas, bedrooms, living rooms, hotel rooms and display zones.

    The Delft Series features a compact form factor with a deep baffle design that helps reduce glare and direct light effectively. Its controlled light distribution ensures comfortable illumination while supporting functional requirements across different interior settings. The luminaires are available in neutral finishes that integrate seamlessly into contemporary ceiling designs.

    Designed around a modular concept, the Delft Series allows flexibility in configuration based on installation requirements. The plug-and-play system supports efficient, tool-free installation, simplifying on-site execution while maintaining consistency in performance and finish.

    Engineered in line with Hafele’s approach to quality, reliability and system compatibility, the Delft Series reinforces Hafele’s position as a holistic lighting solutions provider. By extending the principles of flexibility and ease established by the Loox lighting system into architectural applications, Hafele Architectural Lights supports well-planned, comfortable and visually balanced interior environments.

    Log onto https://www.hafeleindia.com/en/info/service/contact-us/410/ to find the nearest

    Hafele showroom or design centre.

    Customer Care Toll Free: 1800 266 6667

    Customer Care WhatsApp: +91 97691 11122

    Customer Care Email ID:customercare@hafeleindia.com

    Established as a wholly owned subsidiary of Hafele Global network, Hafele India has been operating in India since 2003. An authority in the field of architectural hardware, furniture and kitchen fittings and accessories, the company also has a strong presence in synergized product categories like Home Appliances, Interior and Furniture Lighting, Sanitary Solutions, and Surfaces positioning itself as a complete solution provider for interior solutions in India and South Asia. Hafele India has a strong nation-wide presence through its offices and design showrooms spread across the country. The showrooms function as a one-stop-shop for all home interior and improvement needs – from providing in-depth technical advice to kitchen and wardrobe designing services through a team of experts.

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  • epiplex.ai Awarded “Best Brand 2025” at ET Now Best Brands Conclave

    epiplex.ai Awarded “Best Brand 2025” at ET Now Best Brands Conclave

    Bengaluru (Karnataka) [India], December 23: epiplex.ai, a global leader in AI-powered Digital Interaction Intelligence and enterprise process transformation, today announced that it has been awarded the prestigious “Best Brand 2025” title at the ET Now Best Brands Conclave. The award recognizes the company’s strong brand momentum, innovation leadership and impact in advancing enterprise AI.

    The ET Now Best Brand Awards honor organizations that exemplify industry impact, customer trust, and meaningful value creation. This accolade underscores epiplex.ai’s strong momentum as a trusted, future-ready AI brand.

    Commitment to Innovation and Customer Impact

    epiplex.ai continues to advance the field of AI-driven process intelligence with its patented capabilities in process discovery, digital interaction analytics, and automation readiness. The platform enables global enterprises to capture complex workflows, analyze user interactions, and drive process improvement and operational excellence.

    Innovation at the core: With a legacy of industry firsts—including co-creating the foundations of Electronic Performance Support Systems, delivering the world’s first RPA solution in 2003, pioneering Task Mining in 2004, and launching the first AI-enabled capture engine in 2012—epiplex.ai has consistently shaped the evolution of enterprise automation. Backed by multiple Indian and international patents and a strong pipeline of ongoing innovations, the company has built a proprietary technology backbone that accelerates enterprise intelligence at scale. Operating from its Bengaluru headquarters, epiplex.ai today supports 1,000+ global enterprises with solutions that enhance clarity, performance, and digital transformation—while maintaining a 95%+ customer satisfaction rating.

    Delivering business impact: By capturing real user actions, mining tasks, and identifying high-value automation opportunities, epiplex.ai drives measurable gains in productivity, compliance, digital adoption, and operational efficiency. Enterprises typically achieve 30–50% faster cycle times, 60–70% quicker onboarding, and up to 40% fewer errors. With Agentic Automation, they now move from insight to intelligent execution—unlocking faster automation ROI and a clear uplift in customer and employee experience.

    This recognition marks a significant milestone in the company’s global expansion and strengthens its position as a category-defining brand in enterprise AI.

    Leadership Quotes

    Rashmi Aiyappa, Founder and Executive Chairperson of epiplex.ai, added:
    “From day one, epiplex.ai was built on a foundation of integrity, performance, and innovation. Receiving the Best Brand Award is a proud moment for all of us, as it celebrates not only our product excellence but also our mission to create transformative impact for enterprises worldwide. This achievement belongs to our passionate team and the customers who continue to support our journey.”

    Ravi Ramamurthy, Founder and CEO of epiplex.ai, said:
    “We are deeply honored to be recognized as a Best Brand 2025 by ET Now. This award reflects our relentless commitment to innovation, customer-centricity, and delivering enterprise-grade AI solutions that drive measurable outcomes. It reinforces the trust that our clients, partners, and the broader industry place in epiplex.ai as we expand globally with a bold vision for the future.”

    About epiplex.ai

    epiplex.ai is a next-generation Digital Interaction Intelligence platform that enables enterprises to unlock deep process insights, accelerate transformation, and improve workforce productivity. With capabilities in process discovery, task mining, simulation-based training, and interaction analytics, epiplex.ai delivers significant improvements in efficiency, compliance, and digital adoption.

    The company holds multiple Indian and international patents and is trusted by more than 1,000 enterprises globally, spanning BFSI, Telecom, Healthcare, and Global Capability Centers (GCCs). epiplex.ai is headquartered in Bengaluru, India, and continues to expand its global footprint.

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  • Challenging market environment shapes third quarter of 2025 – LANXESS

    Challenging market environment shapes third quarter of 2025 – LANXESS

    Mumbai (Maharashtra) [India], December 23: The continuing weak economic environment and massive geopolitical uncertainties impacted the results of specialty chemicals company LANXESS in the third quarter of 2025. Sales amounted to EUR 1.338 billion, down 16.3 percent from EUR 1.598 billion in the previous year. EBITDA pre exceptionals was EUR 125 million, a 27.7 percent decline compared with the prior-year figure of EUR 173 million. This decline was primarily due to generally weak demand, which led to lower sales volumes. In addition, the sale of the Urethane Systems business unit on April 1, 2025 – whose results are no longer included in the quarterly figures – and adverse currency effects also contributed to the decline in the Group’s earnings.

    The EBITDA margin pre exceptionals for the third quarter was 9.3 percent, compared with 10.8 percent in the same period last year.

    “The ongoing weakness in global demand continues to impact the entire chemical industry, including us. The situation is particularly dramatic in our target industries of construction, automotive and agrochemicals. We currently see no light at the end of the tunnel and expect this situation to continue well into next year,” said Matthias Zachert, CEO of LANXESS. “We are therefore continuing to focus all our energy on what we can influence: reducing costs, streamlining processes and structures, and optimizing our market positioning.” Nevertheless, the chemical industry needs further support from politicians. Zachert said: “Berlin and Brussels must strengthen our competitiveness much more quickly and decisively – otherwise entire value chains are at risk.”

    LANXESS has specified its guidance for the full year 2025 and now expects EBITDA pre exceptionals to be around the lower end of the range of EUR 520 to 580 million.

    Further cost reductions planned

    Thanks to the “FORWARD!” action plan initiated in 2023, LANXESS will achieve permanent annual savings of around EUR 150 million by the end of 2025. In August of this year, LANXESS announced additional optimizations in its production network. These are expected to generate permanent annual savings of around EUR 50 million by the end of 2027. In addition, the company is now launching further measures with a savings potential of around EUR 100 million. The details are currently being worked out and will be specified in the first quarter of 2026.

    Net financial debt stable despite tense market situation

    LANXESS was able to keep its net financial liabilities stable thanks to tight cash management. At the end of the third quarter, they amounted to EUR 2.072 billion, compared with EUR 2.069 billion at the end of the second quarter.

    Business development in the segments

    The Consumer Protection segment achieved sales of EUR 453 million in the third quarter of 2025, a 13.1 percent decline compared with the prior-year figure of EUR 521 million. EBITDA pre exceptionals was EUR 72 million, up 1.4 percent from EUR 71 million in the same period last year. Among other things, cost savings from the “FORWARD!” action plan ensured stable development. The EBITDA margin pre exceptionals increased to 15.9 percent, compared with 13.6 percent in the prior-year period.

    The Specialty Additives segment recorded sales of EUR 505 million, an 8.2 percent decline from EUR 550 million in the third quarter of 2024. EBITDA pre exceptionals decreased by 26.2 percent, falling from EUR 61 million in the prior-year quarter to EUR 45 million. Weak demand and the resulting lower capacity utilization led to a decline in earnings and margins. The EBITDA margin pre exceptionals was 8.9 percent, compared with 11.1 percent in the prior year.

    In the Advanced Intermediates segment, sales in the third quarter of 2025 fell to EUR 377 million, a decline of 17.1 percent compared to the prior-year figure of EUR 455 million. EBITDA pre exceptionals reached EUR 26 million, down 61.8 percent from EUR 68 million in the same period last year. Weak demand, persistent price pressure from Asia, and lower capacity utilization had a negative impact on earnings and margin. The EBITDA margin pre exceptionals was 6.9 percent, down from 14.9 percent in the prior year.

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  • JJ Fintax Solutions Private Limited (JJTAX) Celebrates 6 Successful Years, Strengthens Its Position with One-Stop Solution App – Uniqey by JJ Tax

    JJ Fintax Solutions Private Limited (JJTAX) Celebrates 6 Successful Years, Strengthens Its Position with One-Stop Solution App – Uniqey by JJ Tax

    CA Jambukeswaran Jambukeswaran, Managing Director & CEO, and Leesha Arya, COO & Co-founder, JJ TAX, highlighting the company’s decade-long vision powered by Uniqey.

    Gurugram (Haryana) [India], December 23: JJ Fintax Solutions Private Limited (JJ TAX) proudly marks the completion of six successful years in the financial and professional services industry, reinforcing its journey as a trusted, growth-driven organization supporting startups, SMEs, and established businesses across India. Over the years, the company has steadily evolved by combining deep domain expertise with technology to simplify complex business and compliance needs, while competing directly with established players in the sector.

    At the heart of this transformation is the Uniqey App, the company’s integrated digital platform that has emerged as a true one-stop solution for startups and growing businesses. Through the Uniqey app, entrepreneurs can seamlessly access end-to-end services covering business registration, taxation, compliance, accounting, audits, legal matters, and ongoing operational support. Designed to eliminate delays and inefficiencies, Uniqey enables GST registration within an hour, company name approval in a single day, and MSME registration within 24 hours—allowing founders to move from idea to execution faster than ever.

    MSME registration, a crucial gateway for startups and small businesses to access government benefits, subsidies, easier credit, and priority lending, has been further simplified through Uniqey’s streamlined digital process. By reducing procedural complexity and timelines, JJ TAX has helped thousands of businesses unlock these advantages quickly and effortlessly, strengthening its reputation as a reliable partner in business growth.

    Since its inception, JJ TAX has consistently delivered value through its core services in taxation, accounting, audits, legal advisory, and company compliance. With a strong focus on accuracy, regulatory adherence, and client-centric solutions, the company has built long-term relationships with businesses and individuals nationwide. Its ability to scale operations while maintaining high service standards has positioned JJ TAX as a competitive force in the professional services ecosystem.

    Continuing its growth trajectory, Uniqey has recently expanded its service portfolio to include Wealth Management and International Taxation, marking a strategic step beyond the Indian market. After establishing a strong domestic footprint, the company is now gearing up to serve Non-Resident Indians (NRIs) and HNI clients. Backed by an already robust NRI client base, JJ TAX brings hands-on experience in cross-border taxation and global financial requirements, enabling a confident and well-prepared international expansion.

    In 2025, Uniqey further strengthened its global vision by showcasing its services across international markets, including Bahrain, Dubai, Africa, and other regions. This global outreach reflects the company’s ambition to become a trusted international business solutions partner while extending the same professionalism, reliability, and technology-led approach beyond Indian borders.

    Beyond business growth, Uniqey remains deeply committed to national development and self-reliance. The company proudly co-sponsors and supports the Swadeshi Jagran Cycle Yatra in Bangalore, in association with Sri Paripoorna Sanathana Charitable Trust, aligning with the Hon’ble Prime Minister’s vision of Swadeshi. Through this initiative, Uniqey reinforces its commitment to self-reliance, indigenous enterprise, and local manufacturing—empowering Indian startups, entrepreneurs, and local businesses to grow sustainably within the nation.

    As entrepreneurial activity and company registrations continue to rise across India and globally, JJ TAX, through the Uniqey App, stands as a strong foundation for new and expanding businesses—supporting them from incorporation to compliance and beyond. With six years of proven growth, innovation, and trust, the company continues its journey toward sustainable expansion, competitive excellence, and global impact.

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  • Enord Secures Landmark Multi-Crore Indian Army Order for Indigenous VR Drone Training Simulators

    Enord Secures Landmark Multi-Crore Indian Army Order for Indigenous VR Drone Training Simulators

    New Delhi [India], December 22: Enord Pvt. Ltd., a pioneering AI-on-Edge drone technology startup, has secured a landmark multi-crore contract from the School of Artillery, Deolali, Nashik, Indian Army, for the supply of Made-in-India Standalone VR Drone Training Simulators. The order has been placed under the Emergency Powers Revenue (EP) 2025 mandate, marking a significant milestone in India’s drive toward Aatmanirbhar Bharat in defence technology.

    Under the contract, Enord will deliver 700+ VR drone simulators to Category-A establishments of the Indian Army, spanning 19 units across the country. The deployment will be carried out in three phases, with full completion targeted by Q2 2026, enabling rapid and scalable enhancement of drone training infrastructure.

    The simulators are designed to offer high-fidelity, immersive training for military drone operators without reliance on live UAVs. The system supports FPV flying, ISR mission rehearsal, emergency response drills, and complex tactical scenarios, significantly reducing operational risk, cost, and equipment wear while accelerating pilot readiness.

    The award follows an extensive evaluation and qualification process, including field trials, detailed performance assessments, and strict country-of-origin compliance checks. These audits underscore the Army’s focus on secure, indigenous supply chains.

    Commenting on the achievement, Muhammad Anas, Co-Founder and CEO of Enord, said:
    “This contract is a decisive vote of confidence in young Indian entrepreneurs and in indigenous defence technology. It proves that Indian-built systems can meet and exceed the operational expectations of our armed forces. Guided by our vision of ‘Creating Ease,’ we are committed to delivering this project on schedule and building a long-term partnership with the Indian Army.”

    Founded on January 29, 2021, Enord emerged from leading incubators across IITs, IIITs, and IIMs. The company focuses on developing intelligent, autonomous drone and simulation systems that go beyond conventional GPS-based navigation. Its proprietary AI Pilot™ architecture enables real-time perception and decision-making at the edge, allowing systems to operate effectively in GPS-denied and complex environments.

    With this order, Enord strengthens its position as a key contributor to India’s indigenous defence ecosystem, advancing self-reliance, skill development, and next-generation military training capabilities.

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