Tag: Business

Ratul Puri, Chairman, Hindustan Power

New Delhi [India], May 21: Hindustan Power, one of India’s leading integrated power producers, has signed a Power Supply Agreement (PSA) with MP Power Management Company Limited for the supply of 800 MW. The agreement is facilitated through its subsidiary, Anuppur Powerprojects Private Limited.

The Power Supply Agreement (PSA) for 800 MW will be supplied from the upcoming unit of Hindustan Power at Anuppur, strengthening its contribution toward meeting Madhya Pradesh’s growing power requirements. Under the terms of this agreement, power supply from this project is scheduled to commence from 2031. The PSA is structured for a tenure of 25 years, with an option to extend the agreement by an additional five years. The project has been awarded under the DBFOO (Design, Build, Finance, Own and Operate) model.

Commenting on the development, Ratul Puri, Chairman, Hindustan Power, said, “This agreement represents an important milestone in Hindustan Power’s ongoing expansion strategy and reaffirms our long-term focus on the power sector. As India continues to witness rapid economic and industrial growth, the demand for dependable baseload power will remain critical.”

Ratul Puri added, “This PSA reinforces our long-standing commitment to the state. It reflects confidence in our execution capabilities and our ability to deliver efficient, large-scale power infrastructure through advanced ultra-supercritical technology.”

This initiative is expected to significantly fortify Hindustan Power’s contribution toward addressing and meeting Madhya Pradesh’s growing energy requirements, while supporting India’s expanding power infrastructure landscape.

The development is expected to support regional economic growth, generate substantial employment opportunities and enhance long-term power availability across the state.

“India’s growing economic ambitions require dependable and scalable power infrastructure alongside the energy transition. At Hindustan Power, we remain focused on supporting the country’s rising energy demand through reliable, efficient, affordable and future-ready generation capacity that contributes to long term energy security,” Mr. Ratul Puri added.

Notably, Hindustan Power under Ratul Puri, initially entered India’s transitional energy sector in 2008 and has developed a significantly large transitional energy generation project in Anuppur, Madhya Pradesh. The project was commissioned in 2015 and 2016 phase wise, establishing the company’s strong operational footprint in the region.

About Hindustan Power: Hindustan Power is a leading integrated power generation company in India led by Ratul Puri with a focus on renewable and transitional energy generation. With a commitment to sustainability and innovation, the company has been an active contributor to India’s energy transformation.

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New Delhi [India], May 21: India’s direct selling industry has continued its steady growth trajectory, achieving an all-time high turnover of ₹23,021 crore in FY 2024–25, registering a 4% year-on-year growth over ₹22,142 crore recorded in the previous fiscal year, according to the Direct Selling Industry 2025 Outlook released by the Indian Direct Selling Association (IDSA).

The study, conducted by IPSOS, knowledge partner to IDSA, was unveiled by Shri Praveen Khandelwal, Hon’ble Member of Parliament & Secretary General, Confederation of All Indian Traders (CAIT), during an industry event on 14 May 2026 in New Delhi, highlighting the sustained expansion and economic contribution of India’s direct selling sector.

Addressing the gathering, Shri Praveen Khandelwal emphasised,“India today stands at a transformative moment in its economic journey and as the country moves towards the vision of Viksit Bharat, sectors that generate entrepreneurship, self-employment, and inclusive economic participation will play an increasingly important role”.He described the direct selling industry as a powerful engine of socio-economic empowerment that is creating livelihood opportunities, expanding retail participation, and enabling individuals across diverse socio-economic backgrounds to participate in India’s growth story.

Shri Praveen Khandelwal also lauded the direct selling industry for creating large-scale self-employment opportunities and contributing to the government’s vision of employment generation and Atmanirbhar Bharat. He emphasised the importance of maintaining high product quality standards, ethical business practices, and strong consumer protection mechanisms to ensure the sustainable growth of the sector. He further reaffirmed the government’s commitment to fostering a progressive and business-friendly regulatory environment for the industry.

The report highlights that the industry has maintained a robust Compound Annual Growth Rate (CAGR) of 6.5% over the last six years, growing from approximately ₹16,800 crore in FY 2019-20 to ₹23,021 crore in FY 2024-25, reflecting the sector’s resilience, rising consumer confidence, and expanding entrepreneurial ecosystem.

Region-wise, the Northern region emerged as the leading contributor with 27.58% share in gross sales, followed by the Western region at 25.47%, Eastern region at 22.47%, Southern region at 17.81%, and the North-Eastern region at 6.67%.

Among states, Maharashtra rtained the top position with a 15.31% contribution to gross sales, followed by West Bengal (10.88%), Uttar Pradesh (8.82%), Karnataka (6.37%), and Bihar (5.61%).

The survey further revealed that Wellness and Nutraceutical products continue to dominate the sector, accounting for nearly 60% of total sales. Cosmetics and Personal Care products contributed 26%, while Household Goods accounted for 5%. Together, these three categories represent over 91% of the industry’s total sales.

A key highlight of the report is the continued rise in entrepreneurship through direct selling. The number of active direct sellers increased to 93.2 lakh, up from 88 lakh in FY 2023-24. Significantly, women now account for 48% of the direct selling workforce, compared to 44% in the previous year, underlining the sector’s growing role in advancing women-led entrepreneurship and financial inclusion.

Ms. Shaila Manyam, Executive Director, WFDSA, shared a special video message at the event, highlighting the growing global impact of the direct selling industry and the importance of international collaboration.

The announcement was also made on the upcoming WFDSA World Congress in Korea, inviting CEOs and industry leaders from across the world to participate in what promises to be a significant gathering of leading global direct selling professionals and decision-makersfrom19 to 21 October 2026.

Speaking on the occasion, Mr. Ratnesh Lal, Chairperson, IDSA, said:“The findings of the Direct Selling Industry 2025 Outlook reflect the growing strength and resilience of India’s direct selling industry. Sustained growth over the years, coupled with increasing participation of women, aspiring entrepreneurs, and retail entrepreneurship opportunities, demonstrates the sector’s potential as a catalyst for inclusive economic development. The industry’s consistent CAGR of 6.5% over the last six years is a testimony to the positive impact of an enabling regulatory framework and rising consumer confidence in direct selling.”

He added that the industry remains committed to promoting ethical business practices, consumer trust, skill development, and entrepreneurship across urban and rural India.

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Mumbai (Maharashtra) [India], May 20: Yuthika Professional has announced a series of expansions to its hair care and hair color product range, introducing new color shades and relaunching Lightening & Highlift Hair Color products. This launch comes in response to changing market trends and evolving consumer needs, with professionals increasingly looking for faster, long-term results, more shade options, and products that work seamlessly together.

The latest launch includes Yuthika Professional Hair Color in a new and improved packaging, along with an expanded Professional Crème Hair Color range now available in 50+ shades.

The relaunch of the new improved Yuthika Professional lightening powder with Super Blonde and Pearl Blonde variants, and the addition of the Yuthika Professional Ultracare Total Repair Sulphate-Free Shampoo, Hair Care Mask, and Yuthika Professional Moroccan Argan Oil as part of its broader hair care and hair color range of products.

Alongside this, Yuthika Professional has expanded its Professional Hair Color range, now available in 50+ shades. A wider shade palette allows for greater flexibility in color selection and advanced formulation, supporting more customized results. Professional hair color continues to be widely used across professional salons for applications such as grey coverage, balayage, ombre, babylights, wavy light, highlights, and global color, making shade expansion a practical development within this category.

The company has also relaunched its Yuthika Professional lightning powder with updated variants, Super Blonde and Pearl Blonde. Lightening products continue to play an important role in professional salon treatments, supporting a wide range of blonding techniques such as highlights, balayage, ombre, babylights, root melt, and global blonde looks. These treatments are often paired with popular blonde shades like frosted blonde, platinum blonde, ash blonde, and honey blonde to create different looks and finishes. Products in this category are designed to deliver up to 10 levels of lift, giving professionals the flexibility to choose the right formulation based on each coloring requirement.

In addition to color and lightening products, Yuthika Professional has introduced the Ultracare Sulphate-Free Shampoo and Hair Mask, extending its presence in the post-treatment care segment. Yuthika Professional Total Repair sulphate-free features advanced formulations that are more effective and improved, particularly among consumers with chemically treated or colored hair. This range is designed to deliver gentle cleansing, optimal moisture balance, and targeted hair repair, supporting professional post-treatment hair care.

Healthier hair and long-lasting shine remain key focus areas in professional hair care, with the Yuthika Professional Moroccan Argan Oil continuing to be part of its hair care range, reflecting the sustained demand for oil-based treatments in professional settings. Yuthika Professional Argan oil is used to improve manageability, healthy and shiny hair, and is often incorporated into both styling and treatment routines.

Salon professionals observe that the combination of nourishing hair coloring products, expanded shade ranges, and post-treatment hair care–focused product range reflects a broader shift toward modern hair color trends. Instead of treating coloring, lightening, and aftercare as separate categories, brands are increasingly aligning them to better meet consumer hair color needs and deliver more consistent, reliable results.

The Indian professional hair care market, particularly in urban centers, has seen consistent growth, driven by rising awareness of professional salon treatments and evolving consumer expectations. This has led to increased emphasis on products that offer both reliability and adaptability across different treatment types.

Yuthika Professional’s latest additions to its hair care and hair color range follow this trend, focusing on improvements within premium product categories. The launch of Yuthika professional hair color, a wider shade range, the addition of Yuthika Professional Highlift Nourishing Crème Hair Color, and the relaunch of the Yuthika Professional lightening powder reflect a clear focus on enhancing current offerings rather than introducing entirely new segments.

These all new products are now available worldwide in all marketplaces & in professional salons. As with most product developments in this segment, adoption will likely depend on factors such as consistency of results, ease of use, and compatibility with existing professional salon practices.

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New Delhi [India], May 20: Faridabad-based digital marketing agency formalizes work-from-home and hybrid models, aligning with PM Modi’s Digital India vision, his national advisory on fuel conservation, and the country’s push toward an AI-powered future.

India’s urban professionals lose an average of 90 minutes daily to commuting — time that costs fuel, health, and focus. When Prime Minister Narendra Modi issued a national advisory urging businesses to adopt work-from-home and virtual-first operations as a step toward reducing India’s dependence on imported fuel, it validated what many forward-thinking organizations had already been quietly building toward.

DigiBirds360, a performance-driven digital marketing agency based in Faridabad, is one of them.

The agency has officially adopted a work-from-home and hybrid work model—a decision that aligns with PM Modi’s advisory, supports its team’s well-being, and reinforces its commitment to operating as a truly digital-first organization deeply rooted in India’s Digital India mission.

Aligned with Digital India — Modi’s Vision for a Tech-First Nation

PM Modi’s Digital India initiative has always carried a larger ambition: to transform India into a knowledge economy powered by technology, connectivity, and innovation. From digitizing government services to empowering MSMEs with digital tools, the vision is to make India not just a consumer of technology — but a creator and leader of it.

DigiBirds360 sees itself as an active participant in that journey.

As an agency that has built its entire practice around digital—SEO, AI marketing, performance media, and now Agentic AI — DigiBirds360 is not just riding the Digital India wave. It is helping brands, businesses, and sectors across India leverage digital tools to grow, compete, and scale. The hybrid work model is an extension of this same philosophy: embrace what digital makes possible, and build systems that reflect that.

A Decision Built on Proof, Not Policy

For DigiBirds360, this was not a reactive move. During the pandemic, the agency’s 70+ specialists across SEO, performance marketing, content, social media, AI marketing, and web development demonstrated that high-quality, deadline-driven work could be delivered entirely remotely. Client results held. Productivity did not suffer.

What did become visible was the unnecessary cost of daily commuting — fuel expenses, travel fatigue, and hours lost in traffic that could have been spent doing better work.

PM Modi’s advisory provided the right moment to make the shift official.

“The best results come from people who are focused and not worn out by a two-hour commute. Adopting a hybrid model is how we build a smarter workplace — one that supports our team and keeps delivering for our clients. PM Modi’s advisory aligned perfectly with the direction we were already heading.”

— Mohit Singh, Founder, DigiBirds360

Real Impact: Less Fuel, Less Traffic, Cleaner Air

India imports close to 89% of its crude oil — a significant portion burned in daily urban commutes. By reducing the number of days its team commutes into the NCR, DigiBirds360 directly contributes to lower vehicle usage, reduced fuel consumption, and less vehicular pollution in the region.

For an agency whose entire work exists online, daily physical presence was never a necessity. The hybrid model simply makes that logic official.

How the Model Works

The hybrid structure gives team members designated work-from-home days while reserving in-person time for sessions that genuinely benefit from it—strategy meetings, client onboarding, brainstorming, and internal reviews.

The digital infrastructure behind it is already in place: project management platforms, cloud-based file access, real-time collaboration tools, and virtual meeting systems that have been part of the agency’s daily workflow for years. For clients, this means faster response times, cleaner feedback loops, and uninterrupted delivery.

DigiBirds360’s clients span Healthcare, Education, BFSI, Automotive, Real Estate, Hotel & Tourism, Lifestyle, and SaaS sectors across India, the UK, the UAE, and Canada—and already engage with the agency through digital channels as a matter of course.

Built for the Future — Agentic AI Products on the Horizon

DigiBirds360 has delivered 200+ projects, generated 1.5 million+ leads, and supported 40+ active brand retainers since FY 2021–25. The agency’s target: driving exponential growth for 500+ brands by 2030.

But what sets the next chapter apart is not just scale—it is the technology being built behind the scenes.

The agency is currently developing a suite of proprietary agentic AI marketing products designed to automate, optimize, and transform how brands approach digital marketing. These are not off-the-shelf tools. They are being built from the ground up by DigiBirds360’s own team, combining years of campaign data, industry expertise, and cutting-edge AI capabilities.

Mohit Singh, Founder of DigiBirds360, shared:

“We are working on AI-powered products that will redefine how brands manage their digital presence—from intelligent SEO automation to agentic systems that can plan, execute, and optimize campaigns with minimal human intervention. We are close to launch, and we believe these products will be a significant step forward—not just for DigiBirds360 but for the broader digital marketing ecosystem in India.”

— Mohit Singh, Founder, DigiBirds360

This development work is fully aligned with PM Modi’s vision of making India a global leader in AI and emerging technologies. As the government pushes forward on its AI Mission and Digital India 2.0 roadmap, agencies like DigiBirds360 that are building indigenous AI products are exactly the kind of innovation the ecosystem needs.

The hybrid work model supports this ambition directly, giving the agency’s development and strategy teams the focused, uninterrupted time that building complex AI systems demands.

Sustaining this ambition requires a team set up to perform at its best, and the hybrid model is part of building that foundation. It also strengthens business continuity, ensuring full operations and client delivery are never dependent on physical office access alone.

Conclusion

DigiBirds360’s shift to a hybrid work model is practical, considered, and timely. Less commuting means less fuel consumed, less congestion on roads, and less pollution in the air. It also means a more focused, productive team — better placed to build, innovate, and deliver results for clients every day.

With proprietary Agentic AI products in development, a 500+ brand growth target by 2030, and a deep alignment with PM Modi’s Digital India and AI Mission vision, DigiBirds360 is not just adapting to the future of work — it is actively building it.

As India accelerates its Digital India journey, DigiBirds360 moves with it: an agency built for the digital age, in every sense of the word.

To partner with DigiBirds360 or explore career opportunities, visit: www.digibirds360.com

About DigiBirds360

DigiBirds360 is a digital marketing agency based in Faridabad, India, specializing in SEO, performance marketing, social media, AI marketing, content marketing, web & app development, influencer marketing, email marketing, and online reputation management.

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New Delhi [India], May 20: In an ever-evolving global market, constant innovation serves as the bedrock of sustainable growth, enabling organizations to transform traditional business models into agile, future-ready powerhouses. By prioritizing creative problem-solving and the integration of cutting-edge technology, companies can stay ahead of industry shifts and consistently deliver superior value to their stakeholders. 

This commitment to forward-thinking progress is the driving force behind the MGM Group, which has successfully evolved from its logistical foundations into a multifaceted global conglomerate. 

This drive recently led Vice Chairman Mr. M.G.M. Maran to China, where he explored the forefront of construction technology and architectural design. By engaging with industry pioneers like Guangdong-based Rax Dome, the visit focused on how advanced dome structures and modular building techniques can be adapted to enhance the group’s global infrastructure. 

The MGM Group has built a sophisticated, world-class portfolio that delivers a seamless blend of excellence across several vital sectors, all unified by a commitment to innovation and infrastructure development. 

From its foundational roots in logistics and shipping, where the group pioneered mechanized iron ore export technology, to its expansive amusement and leisure division home to the landmark 60-acre MGM Dizzee World the group consistently integrates high-level engineering with customer-centric service. 

This dedication to operational quality extends to the manufacturing and distillery arm, Southern Agrifurane Industries, and the specialized industrial packaging solutions provided by Vital Industries India, both of which maintain a robust market presence. 

Building on this diverse industrial base, the group’s latest strategic partnership with leading Chinese innovators represents a pivotal advancement in infrastructure modernization. By integrating these cutting-edge international insights, the group is not only elevating the physical environment and design standards across its 10,000-room global hospitality network but is also enhancing the technological and structural efficiency of its wider business operations. 

Whether improving the automated manufacturing processes within its factories or refining the guest experience in properties spanning the UK, France, and Singapore, this collaboration ensures that every MGM enterprise from logistics and manufacturing to world-class resorts reflects the absolute pinnacle of modern construction, design, and service excellence. 

MGM Maran says, “Innovation without a robust foundation is fleeting, while static infrastructure is a barrier to future growth. In today’s fast-paced landscape, we view our operational architecture as the backbone of our business, prioritizing a tech-enabled framework that we constantly modernize. We recognize that staying ahead in a global market requires more than just ideas; it demands an infrastructure that is as agile and forward-thinking as the technology powering it.”

By integrating these advanced international insights into a comprehensive development strategy, the group is ensuring that whether a guest is staying in the Scottish Highlands or the Maasai Mara, every property reflects the absolute pinnacle of modern construction, design, and service excellence.

This proactive integration of smart-infrastructure and design-led innovation is not merely about aesthetic updates; As these strategic dialogues transition into real-world applications, MGM group under MGM Maran’s guidance is preparing to implement highly efficient, technologically sophisticated, and visually striking solutions across its global portfolio. 

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Why India’s Heritage Attars Are the New Beauty-Cabinet Luxury

New Delhi [India], May 20: There is a particular kind of glamour that doesn’t announce itself. It lingers. It trails behind a silk saree as it leaves the room, settles into the collar of a tuxedo long after midnight, and stays on a wrist twelve hours after application. That kind of glamour, increasingly, is being bottled in India — not in alcohol-based sprays, but in concentrated, oil-based attars.

Heritage Delhi fragrance house Zam Zam Perfumers, in the craft since 1991, has unveiled Hayaam — a 20 ml unisex fragrance oil that arrives just as India’s most discerning beauty buyers are rediscovering the attar as the ultimate luxury indulgence.

The Scent of a Leading Lady

Hayaam opens with a soft fruity-floral flourish before settling into a warm bed of woody and amber undertones. The result is a fragrance that behaves cinematically — an entrance, a middle act, and a memorable closing sequence on the skin. Presented in a gold-accented bottle that earns its place on any vanity, it sits squarely in the beauty-luxury bracket, joining a wider renaissance moment for Indian attars among celebrities, stylists, and beauty editors who now admit their signature scent is an oil, not a spray.

Why Beauty Insiders Are Switching to Attars

Longevity that survives a long day on set. Concentrated oils sit on warm pulse points and develop slowly through the day — a backstage favourite for long shoots, weddings, and travel.

A scent that’s yours alone. Attars react with body chemistry rather than projecting in a uniform cloud, so two people wearing the same fragrance will never smell identical. For an industry obsessed with individuality, that’s the dream.

Skin-kind, alcohol-free formulation. Zam Zam’s entire catalogue is 100 per cent non-alcoholic and hygienically prepared — a quiet relief for sensitive skin and anyone who prefers their luxury without the burn.

The Elysian Effect

Hayaam arrives alongside Zam Zam’s flagship Elysian Collection — a premium luxury line that has quickly become the brand’s most talked-about edit. Each Elysian fragrance is named in Urdu or Arabic, and each name carries an emotion the perfumer has tried to translate into scent. Kalimat (‘words’) layers amber, rose, and oudh into the collection’s best-seller. Adab (‘grace’) weaves citrus and florals with a refined Arabic touch and a twelve-hour wear. Ehsas (‘a feeling’) is a clean white-floral that wears like fresh linen. Ilhaam (‘inspiration’) leans smoky and oudh-rich, made for after-parties. And Passion, an oriental floral, is built for moments that demand presence.

Together, Hayaam and Elysian signal a clear shift: India’s luxury fragrance conversation is no longer being led from Paris or Dubai alone. It is being written, increasingly, in Nizamuddin.

From Nizamuddin to Mumbai

Zam Zam Perfumers currently operates flagship stores in Hazrat Nizamuddin, Jama Masjid, and Jafrabad in Delhi, alongside retail in Jammu & Kashmir and a thriving online presence. The house is now preparing to open its first store in the Mumbai region — at Mumbra, Thane — marking its most significant retail expansion to date and bringing the full Elysian Collection within reach of the city that, more than any other, sets India’s beauty agenda.

The Trousseau, Reimagined

As wedding season builds, brides and grooms are reconsidering the trousseau. The imported eau de parfum is no longer the default; the heirloom-worthy attar, in gold-accented packaging, is back in conversation — prized for the way it lingers on a dupatta, layers under jewellery, and travels intimately on warm skin. Hayaam, with its unisex composition and gifting-ready presentation, is built for exactly this audience, with the Elysian Collection offering a tighter, ultra-premium edit for those building a fragrance wardrobe with serious intent.

There is something delightfully old-world about choosing a scent that develops on you over hours rather than arriving in a single spray. It is the same instinct that draws audiences back to slow cinema, hand-loomed textiles, and bespoke jewellery: the desire for craft that takes its time. On current evidence, India’s beauty-luxury consumer is ready for exactly that.

Hayaam (20 ml) and the Elysian Collection are available at Zam Zam Perfumers’ retail stores in Delhi and Jammu & Kashmir, online at zamzamperfumers.com, and shortly at the brand’s first Mumbai-region store at Mumbra, Thane.

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Mumbai (Maharashtra) [India], May 20: Bio Medica Laboratories Limited, engaged in the manufacturing of pharmaceutical parenteral formulations including liquid injectables and dry powder injectables for human and veterinary use, has announced the opening of its Initial Public Offering on May 21, 2026. The shares are proposed to be listed on the NSE Emerge Platform.

• Fresh Issue Size – Up to 33,95,000 Equity Shares of ₹ 10 each
• Offer for Sale Size – Up to 3,77,000 Equity Shares of ₹ 10 each
• Total Issue Size – Up to 37,72,000 Equity Shares of ₹ 10 each
• Issue Size – ₹ 52.43 Crore
• Issue Price – ₹ 132 – ₹ 139 Per Share
• Lot Size – 1,000 Equity Shares

Equity Share Allocation

• QIB – Not more than 36,000 Equity Shares
• NII – Not less than 17,55,000 Equity Shares
• RII – Not less than 17,92,000 Equity Shares
• Market Maker – 1,89,000 Equity Shares

The net proceeds from the IPO will be utilized towards repayment of loans, enhancement of existing production capabilities by setting up a new manufacturing facility at the existing premises, and general corporate purposes.

The issue will open for public subscription on Thursday, May 21, 2026 and close on Monday, May 25, 2026.

Narnolia Financial Services Limited is acting as the Book Running Lead Manager to the issue, and Skyline Financial Services Private Limited is the Registrar to the issue.

Mr. Pradeep Mehta, Managing Director, Bio Medica Laboratories Limited said: “The launch of our IPO marks a significant milestone in the journey of Bio Medica Laboratories Limited. Since our inception, we have remained committed to manufacturing high-quality pharmaceutical injectable formulations while maintaining stringent quality standards and regulatory compliance.

Over the years, we have built strong capabilities in liquid and dry powder injectables, supported by GMP & GLP certified manufacturing facilities and advanced quality control infrastructure. Our contract manufacturing model has enabled us to establish long-term relationships with customers across multiple states and therapeutic categories.

The proceeds from the IPO will support the expansion and upgradation of our manufacturing facilities, enhance our production capabilities, and strengthen our operational efficiency. With increasing demand in the injectable pharmaceutical market, we believe we are well positioned to scale our business and create long-term value for all our stakeholders.”

About The Company:

Bio Medica Laboratories Limited is engaged in manufacturing pharmaceutical parenteral formulations including liquid injectables and dry powder injectables for both human and veterinary use. The Company operates on a B2B contract manufacturing model and formulates products as per client requirements.

The Company currently manufactures 58 liquid injectables and 15 dry powder injectables across its two manufacturing units located in Indore, Madhya Pradesh. Its facilities are GMP & GLP certified by the Food & Drugs Administration, Madhya Pradesh.

The Company has an in-house quality control laboratory equipped with advanced instruments such as HPLC, GC, UV-Vis, and polarimeter to ensure efficient and accurate testing. The Company caters to customers across 15 states and serves both domestic and export markets.

In FY25, the Company recorded Revenue from Operations of ₹3,819.52 Lakhs, EBITDA of ₹1,521.33 Lakhs, and PAT of ₹979.49 Lakhs.

For Nov’25, the Company reported Revenue from Operations of ₹2,854.69 Lakhs, EBITDA of ₹1,344.72 Lakhs, and PAT of ₹866.39 Lakhs.

Disclaimer:

Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

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London [United Kingdom], May 19: Following the grand success of the inaugural edition of The Next Economy Forum (NEF) 2025, held last year at the prestigious House of Lords, the much-anticipated 2nd Edition of The Next Economy Forum 2026 is set to take place on 17th July 2026 at the same iconic venue within the UK Parliament.

Conceived as a premier global platform for dialogue, collaboration, and transformative action, The Next Economy Forum is emerging as one of the world’s most influential forums dedicated to shaping the future of economic growth, sustainable development, and responsible innovation.

An initiative of Brand Vista Consulting Solutions, a UK-based consulting firm with a worldwide presence delivering transformative management, marketing, and strategy solutions, the forum aims to reimagine the future of economies at a time when the world is witnessing profound changes driven by technological advancement, sustainability imperatives, demographic transitions, and evolving geopolitical dynamics.

The vision of NEF is to become the world’s leading forum for designing and driving the transition to a new economic paradigm—one that empowers people, protects the planet, and leverages innovation for shared prosperity. The mission of the forum is to convene thought leaders, policymakers, innovators, and changemakers from across industries and regions to foster high-level actionable dialogue, promote inclusive growth, and drive meaningful global partnerships.

The inaugural edition of NEF witnessed an exceptional gathering of global leaders, policymakers, business visionaries, and innovators who engaged in impactful discussions on the future of global economic transformation. The forum received widespread appreciation from participating brands and leaders for its high-level networking opportunities, strategic conversations, and collaborative approach toward building future-ready economies.

One of the key highlights of the first edition was the launch of several thought-provoking books by global leaders and authors, transforming the forum into not only a platform for dialogue but also a stage for sharing ideas, intellectual contributions, and visionary perspectives with the global community.

Building on this momentum, the 2026 edition will revolve around the theme of “Building Future-Ready Economies Through Responsible Innovation and Sustainable Growth.” The forum will focus on strategic practices and transformative ideas that businesses, governments, and institutions must adopt to thrive in the next phase of the global economy.

The discussions at NEF 2026 will cover critical sectors shaping the future of global development, including sustainability and climate-responsible business models, artificial intelligence and digital transformation, future of manufacturing and Industry 4.0, transforming education for future skills, healthcare innovation and accessibility, sustainable agriculture and food security, global trade and cross-border collaboration, and real estate, infrastructure, and smart cities development.

The forum is expected to attract an influential global audience comprising Heads of State, Ministers, policymakers, CEOs, founders, ESG leaders, multilateral organizations, impact investors, venture capitalists, family offices, startups, academics, economists, youth leaders, social activists, and educators from across the world.

As part of the 2026 edition, Brand Vista Consulting Solutions, in association with BlueRose Publishers, will also release a special leadership book titled “VISIONARIES OF BHARAT @ 2047”, featuring distinguished leaders from diverse sectors who are contributing toward India’s long-term growth, innovation, and global leadership journey.

The forum will also lead to significant deliverables including a Declaration on Inclusive & Sustainable Economic Transformation, the launch of multi-stakeholder initiatives across key sectors, strategic partnerships, global collaborations, and extensive international media visibility through magazine features, TV interviews, podcasts, public relations campaigns, and social media outreach.

Several eminent leaders and industry pioneers have already confirmed their participation for the upcoming edition. Some of the distinguished guests and participants include:

• Mr. Raj Shetty, Founder, Chairman and Managing Worker, Ramee Group of Companies
• His Royal Highness Prince Dr. Rina Telesphore, Royal Head of the House of Andriakazomanga-Zafimbolamena
• Mr. Sankey Prasad, Chairman, Sterling Ark Holdings
• Dr. Anand Jacob Verghese, Chancellor, Hindustan Institute of Technology and Science (HITS)
• Md. Zahidul Islam, CEO, UK Management College
• Mr. Anish Singh Thakur, CEO, Booming Bulls Academy
• Ms. Anisha Chandy Eckardt, MD, HOSMAT Hospitals
• Mr. Rahul Agarwal, Founder & CEO, RASA Group
• Mr. Shekhar Natarajan, CEO & Founder, Orchestro.AI
• Dr. Roger Kumar, Founder & MD, CASE Group
• Mr. Sandeep Sudhakar Asolkar, Chairman, SFC Environmental Technologies
• Mr. Aniket Awasthi, Founder, Finsen Ritter
• Lt. Col. Ramesh Menon, Director, GAR CORPORATE SERVICES
• Dr. Mohammad Salem Omaid, Founder & CEO, iBnk
• Mr. Krishnaraj K Menon, Founder & Director – Operations, Phobosgold Technologies
• Mr. Pom Chakravarti, Group CEO, QX Global Group
• Dr. Shreeram Iyer is the Founder, Chairman, and CEO of Prisma Group
• Mr. Pritesh Patel, Chairman & Founder, Akshar Holdings
• Mr. Guneet Banga, Co-Founder & Managing Partner, Parinama Group
• Mr. Shresht Sharma, Group CEO, 3S Group
• Mr. Ganessen Chinnapen, Consultant, Economic Development Board Mauritius
• Mr. Ajay Saraswat, Head – Transport, East African Corridor
• Mr. Rohan Dube, Director, I-Stay Housing

The organizers have invited Policymakers, visionary leaders, organizations, innovators, and changemakers from around the world to participate in this landmark global gathering and contribute toward shaping a more sustainable, inclusive, and innovation-driven future.

Organizations and leaders interested in participating are requested to share the ready profile of the brand and the leader for filing nominations. Nominations can also be submitted through the official forum link:

The Next Economy Forum 2026 Nominations

For more details, please write to director@brandvistaconsulting.com

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New Delhi [India], May 20: Flite, India’s leading family fashion footwear brand from Relaxo Footwears Ltd., has launched its new campaign, ‘Style Ka Naya Andaaz’, along with its latest Buckle Range, a collection designed to bring together effortless comfort and contemporary style in everyday open footwear.

Today’s consumers see footwear as more than just utility; it has become an extension of personal style. With ‘Style Ka Naya Andaaz’, Flite celebrates this shift by encouraging consumers to express themselves through looks that are easy, current, and confidently stylish.

The range includes single-strap and dual-strap styles with adjustable buckle detailing that delivers comfort, flexibility, and a stylish edge. With clean designs and a versatile color palette featuring neutrals, earthy tones, and soft pastels, the collection is designed to fit effortlessly into everyday wardrobes.

Staying true to Flite’s comfort-first legacy, the Buckle Range features soft cushioned footbeds, lightweight construction, and textured outsoles designed for all-day ease, making each pair as dependable as it is stylish.

Mr. Gaurav Kumaar Dua, Co-Chief Executive Officer and Whole Time Director, said, “We are seeing consumers engage with footwear very differently today; it has become an extension of their personal style. With the ‘Style Ka Naya Andaaz’ campaign, we want to encourage people to experiment and express themselves more confidently. The new Buckle Range reflects this shift, bringing together comfort and a more style-driven approach that resonates with today’s consumers.

With this campaign, Flite continues to evolve its position in the open footwear space by bringing style and comfort closer together. The new Buckle Range is now available across Flite’s extensive retail network, exclusive brand outlets, and leading e-commerce platforms nationwide, bringing Style Ka Naya Andaaz closer to consumers across India.

From everyday wear to everyday style, Flite’s Buckle Range is designed to make comfort look fashionable.

About Relaxo Footwears Ltd.

Incorporated in 1984, Relaxo is the largest footwear manufacturer in India and has been serving the nation for four decades. Ranked among the top 500 Most Valuable Companies (Fortune 500 India), Relaxo is synonymous with quality products and affordable prices. It manufactures slippers, sandals, and sports & casual shoes.

Its most popular brands – Relaxo, Sparx, Flite, and Bahamas – each lead their respective segments. Relaxo, an iconic brand known for its rubber slippers, is a versatile choice for all sections of society. Flite offers a stylish range of fashionable and semi-formal slippers. Sparx reflects the attitude, style, and energy of young India through its sports shoes, sandals, and slippers. The Bahamas captures the spirit of freedom, fun, and youth through its vibrant flip-flops.

With a pan-India distribution footprint, Relaxo also operates a strong network of 400+ exclusive retail outlets, and its products are widely available across major e-commerce platforms, large-format stores, and global markets.

For More Information: https://relaxofootwear.com/pages/flite-landing-page

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Deepak Malkani, Co-founder, IndusGuru

Mumbai (Maharashtra) [India], May 20: The rise of interim CXOs is often framed as a stopgap story – a temporary fix for a sudden vacancy, a crisis hire, or a bridge between two leadership eras. That framing misses what is actually unfolding. What we are seeing now is not a contingency trend, but a structural shift in how leadership itself is being deployed.

Across India’s startup and mid-market ecosystem, leadership is becoming more modular, more outcome-driven, and far less tied to permanence.

Over the past three years, several converging pressures have pushed companies toward this shift. Funding cycles have tightened. Boards are demanding sharper accountability on outcomes and governance. At the same time, businesses are scaling faster into unfamiliar territories (new geographies, regulatory environments, and digital models) where internal leadership bandwidth often lags behind ambition.

This is where interim CXOs – and platforms like IndusGuru that connects organisations with experienced independent leadership talent – are changing the equation.

Instead of committing to long, high-risk leadership hires, companies are increasingly bringing in experienced operators for sharply defined mandates – a CFO to steer a company through a funding round, a CHRO to stabilise post-layoff culture, a CTO to lead a critical product rebuild, or a CEO to manage a turnaround. These roles are not advisory in the traditional sense. They come with execution authority, board visibility, and clear timelines.

This is already becoming visible across leadership engagements in India. In one recent case, a global engineering and technology company brought in an experienced independent HR leader through IndusGuru to lead workforce transformation and support implementation of India’s new labour codes.

The mandate went far beyond traditional HR operations, covering statutory compliance alignment, workforce planning, talent strategy, organisational design, governance, and change management across business functions. The engagement helped strengthen HR governance, improve workforce deployment and recruitment efficiency, and align India-specific HR practices with global operating frameworks.

The case reflects a broader trend underway across India’s business ecosystem, where companies are increasingly turning to interim and independent leaders for specialised, execution-driven mandates that require immediate expertise, strategic oversight, and operational agility without relying solely on traditional long-term leadership structures.

Globally, this model has been maturing for over a decade. According to data from executive search and talent platforms, the interim leadership market in mature economies has been growing steadily at high single-digit rates, with particularly strong adoption in sectors undergoing rapid transformation such as technology, healthcare, and financial services. India is now entering a similar phase, but with its own distinct triggers.

One of the clearest signals is the widening gap between strategic urgency and hiring timelines. A full-time CXO search can take four to six months, often longer when cultural fit and investor alignment are factored in. In contrast, interim leaders can be deployed in a matter of weeks.

In fact, specialised leadership marketplaces such as IndusGuru are helping shorten that gap by giving businesses access to pre-vetted independent executives who can step in quickly for high-priority mandates.

For companies operating in compressed decision cycles, whether due to investor pressure or market shifts, that difference is not operational, it is existential.

There is also a deeper talent-side shift at play.

A growing cohort of senior professionals is stepping away from traditional career arcs that prioritise long tenures at a single organisation. Many of them bring decades of experience across industries, have led transformations, exits, or scale-ups, and are now choosing to work in shorter, high-impact assignments. For them, interim roles offer both autonomy and relevance – the ability to solve complex problems without being tied to organisational inertia.

This supply-side evolution is critical, because it changes the perception of interim leadership from “temporary” to “specialised.” Companies are not just filling gaps; they are accessing expertise that may not exist internally, or that would be difficult to attract in a full-time capacity.

The implications for business outcomes are already visible.

In turnaround scenarios, interim CEOs and CFOs are helping companies reset cost structures, renegotiate vendor contracts, and rebuild financial discipline without the delays that often accompany permanent hires. In high-growth environments, interim product and technology leaders are accelerating time-to-market by bringing proven playbooks rather than building from scratch. In post-merger integrations, interim leadership is enabling neutral, execution-focused oversight that avoids internal power struggles.

Perhaps the most under-discussed impact, however, is on governance.

Boards are becoming more comfortable with flexible leadership models because they offer clearer performance visibility. Interim CXOs are typically hired with specific deliverables and timelines, which makes evaluation more straightforward. This clarity often contrasts with full-time roles, where expectations can evolve or blur over time. In a market where capital efficiency is under scrutiny, that distinction matters.

Yet, the rise of interim leadership is not without its challenges.

Cultural integration remains a friction point, especially in founder-led organisations where trust and alignment are deeply personal. Interim leaders must navigate influence without the benefit of long-term relationships, and their success often depends on how clearly their mandate is communicated internally. There is also the risk of over-reliance – using interim roles as a substitute for building internal leadership pipelines rather than as a complement to them.

What is becoming clear, though, is that the question is no longer whether interim CXOs will become mainstream in India. It is how quickly organisations adapt to using them strategically rather than reactively.

For founders and boards, this requires a shift in mindset. Leadership is no longer a binary choice between permanent and absent. It is a spectrum, where different phases of a company’s journey may demand different kinds of leadership engagement.

For senior professionals, it opens up a new kind of career architecture – one that values depth of impact over duration, and outcomes over titles.

And for the broader talent ecosystem, it signals a move toward more fluid, on-demand access to expertise at the highest levels of decision-making.

In many ways, interim CXOs reflect the same transformation that has reshaped other parts of the economy, from cloud computing to gig work, where flexibility, speed, and precision are becoming more valuable than ownership or permanence.

Leadership, it turns out, is no exception.

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