Tag: Business

Hyderabad (Telangana) [India], October 13: Intense Technologies Limited (NSE: INTENTECH | BSE: 532326), a globally operating platform-led services company delivering mission-critical solutions in customer communications, data management, and process automation, today announced its audited Q2 FY26 results, highlighting its continued impact across the BFSI, Telecom, and Government sectors.

Key Consolidated Financial Highlights

(₹ Lakhs)

Particulars	Q1 FY26	Q2 FY26	QoQ %
Total Income	3,147.93	3,541.44	12.51%
EBITDA	314.48	551.47	75.34%
EBITDA Margin %	10%	16%	600 BPS
Net Profit	125.27	317.07	153.02%
Net Profit Margin %	4%	9%	500 BPS
EPS (₹)	0.52	1.28	146.15%

Growth Engagements

• Added four new BFSI clients to our portfolio this quarter, reinforcing our position as a trusted partner in transforming enterprise operations and customer engagement

• Actively pursuing new markets to broaden our footprint, strengthen our value proposition, and unlock additional growth opportunities.

• Advancing our IP-led innovation with two new copyrights for UniServe^TM Reach: our Marketing Automation and Digital Customer Engagement Platform and Testbook.ai, reflecting our commitment to innovation-driven growth.

• Our Software Development and IT Support Services unit has been appraised at Level 3 of ISACA’s Capability Maturity Model Integration (CMMI®), underlining our focus on high-quality delivery, robust processes, and consistent value creation for clients.

Commenting on the results, Mr. C.K. Shastri, Chairman & Managing Director of Intense Technologies Limited, said: 

“We are dedicated to fostering sustainable, innovation-driven growth while delivering measurable value to our stakeholders and clients. We continue to strengthen our presence across key sectors and capitalize on emerging opportunities.

Our integrated communications platform now provides comprehensive capabilities to optimize communication operations, improve digital customer engagement, and expand delivery across multiple channels. Our continued IP-led innovation reflects our focus on operational excellence, market leadership, and sustainable growth.  Our focus remains on leveraging our technological expertise and sector knowledge to develop scalable solutions.

As we expand our reach and strengthen client relationships, we are confident in our ability to create long-term value for our shareholders and solidify our role as a reliable partner in enterprise transformation.”

Commenting on the results, Ms. Anisha Shastri, Director of Intense Technologies Limited, said:

“Over the last quarter, our continued efforts have resulted in the addition of four new clients in the BFSI and Government sectors.  We are proactively venturing into new markets to enhance our presence and establish a wider footprint.

Our UniServeTM NXT Communications Hub, an AI-driven Platform, now offers a comprehensive, integrated platform that unifies communications, customer engagement, and last-mile delivery services into a single ecosystem. This integration enables clients to optimize operational efficiency, deliver seamless customer experiences, and realize substantial cost savings.

We’re pleased to share that In10s has secured two new copyrights for our flagship innovations: UniServe Reach, our Marketing Automation and Digital Customer Engagement Platform, and Testbook.ai, underscoring our focus on innovation-driven growth. Complementing this, In10s achieved Level 3 Certification of ISACA’s Capability Maturity Model Integration (CMMI®), further cementing our standing as a trusted partner for enterprise digital transformation.

As we look ahead, our strategy is focused on leveraging innovation to create long-term value while maintaining operational excellence.”

Q2 FY26 Key Business Highlights

Achievements

• Secured four new clients across BFSI and Government sectors.
• Appraised at Level 3 of ISACA’s Capability Maturity Model Integration (CMMI®). This recognition reflects our commitment to delivering high-quality software development and IT support services, reinforcing our position as a trusted partner for enterprises seeking scalable, secure, and reliable digital solutions.
• Strengthened IP portfolio with Copyright for UniServe Reach: Marketing Automation & Digital Customer Engagement Platform (Certificate No.: SW-2025021089); the platform enables businesses to connect with their customers at the right time, on the right channel, and in the language they are most comfortable with, ensuring every interaction is timely, relevant, and impactful and Testbook.ai (Certificate No.: SW-2025021158) our automated testing platform to accelerate software testing, improve quality, reduce errors, and shorten time-to-market.

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New Delhi [India], October 13: Corporate Lawyer Devesh Tripathi received Honorary Doctorate in Business Management from California University San Diego USA, for his extensive contribution in Corporate and International Taxation

The university awards honorary doctorates recognizing individuals who have made lasting contributions to their respective fields, advancing knowledge, research and policy that benefit society at large.  Dr Tripathi is recognized for his outstanding contributions to the study of Commercial law, the rule of law and legal theory.

Dr Tripathi received the Honorary Doctorate in a unique online ceremony which was filmed for a special movie documenting this year’s innovative ‘Alternative Graduation’. He said: “It is a true privilege to receive this honour. We must all work together; honesty and integrity are the most important qualities.”

One can play a variety of roles and one can still dedicate one’s legal career to the pursuit of social justice and social change, particularly in countries which need it.

Thinking about new lawyers graduating this year,  Dr Tripathi encouraged them to devote some time to pro bono work as they develop their careers. He said: “I think it’s a wonderful thing to have a multi-disciplinary practice, so even if you want to focus on competition law, business law or on banking, ensuring that a part of your practice involves pro bono work to assist social change makes for a rounded practice and a rounded lawyer

Dr Tripathi has extensive experience across international arbitration, sanctions law, dispute resolution, and corporate law. Dr. Devesh Tripathi completed his B.Sc. from Dr. RML Avadh University, Ayodhya, in 1998, followed by an M.A. in Ancient History and Culture from CSJM Kanpur University in 2000. In 2011, he earned his LL.B. from Meerut University and later completed a PGD (IPR) from Mumbai University. He is currently enrolled as an Advocate with the Bar Council of Delhi.

With experience across Taxation, Corporate, Criminal, and Intellectual Property Law, he founded Eminent Jurists Law Firm in 2011. His expertise lies in Taxation and Corporate Law litigation, where he has handled complex cases under various Acts. He has also been a guest speaker at forums such as BIF, co-authored articles, and remains a lifetime member of the Supreme Court Bar Association, New Delhi.

As the Founding President of the National Economic Forum (NEF), he champions economic transformation and national progress, partnering with trade organisations and governments to drive positive change.

His current subject of research for the Garwood Fellowship at University of California Berkeley  is “How to Expand Markets into India.”

Dr Tripathi and his fellow honorees are exceptional individuals whose achievements have had a profound impact in their fields and beyond, said Professor Karen O’Brien, Vice-Chancellor of the University.

They reflect the values we hold dear as a University: excellence, creativity, integrity and making a positive difference in the world,” says Vice-Chancellor O’Brien. “As our students graduate and begin the next chapter of their journeys, they can look to these distinguished figures as role models and draw encouragement from the diverse paths they have forged.”

Please visit https://drdeveshtripathi.com

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Mumbai (Maharashtra) [India], October 13: In a candid assessment of the evolving global education landscape, Asslam Shaikh, founder of Aliff Overseas Pvt. Ltd. and a veteran with over a decade in the overseas education sector, urges Indian students and families to broaden their horizons beyond the United States. Citing recent visa hurdles imposed by the Trump administration, Shaikh emphasizes that while the U.S. has long been a beacon for international scholars, the time is ripe to explore abundant opportunities in Europe, the Asia-Pacific, and beyond.

Aliff, a trailblazer in facilitating international study programs, has empowered thousands of students—many from economically disadvantaged backgrounds—to pursue world-class education abroad. Shaikh’s deep insights into global markets reveal a stark shift: “The U.S. market, once generously welcoming, is now grappling with stringent visa policies that have left even the most qualified candidates in limbo,” he notes. “Students with impeccable academic records, robust financial backing, and clean documentation are facing unprecedented refusals. This isn’t just a setback for individuals; it’s a wake-up call for the entire education fraternity.”

The challenges trace back to policy changes under the recent Trump administration, which have tightened scrutiny of student visas. What was once a straightforward pathway—complete with post-study work opportunities and pathways to permanent residency—has become a labyrinth of uncertainty. “We’ve seen heartbreaking instances where dreams are deferred, not due to merit, but due to bureaucracy,” Shaikh adds. “Yet history shows us that no single destination dominates forever. The UK faced similar ebbs and flows, only to rebound with more inclusive policies. The U.S. will likely follow suit, but in the interim we must seize the moment to diversify.”

Asslam Shaikh’s message is one of empowerment and strategic foresight. Rather than fixating on U.S. barriers, he advocates pivoting to nations hungry for skilled talent and innovative minds. Leading the charge is Germany, where a booming economy demands professionals in engineering, IT, and other STEM fields. With tuition-free public universities and robust industry partnerships, Germany offers not just education, but a direct pipeline to employment. “They have an insatiable appetite for global expertise,” Shaikh explains. “Indian students can thrive here, blending academic rigor with practical immersion.”

Close contenders include France, Ireland, and Hungary, which are actively courting international students with scholarships, English-taught programs, and post-graduation work visas. France’s prestigious grandes écoles and Ireland’s tech hubs provide fertile ground for career launches. Turning to North America, Canada stands out as a perennial favorite, projecting a need for 1.5 million skilled immigrants over the next five years. “Canada isn’t just open—it’s invested in newcomers,” Shaikh says. “Study permits are streamlined, and pathways to citizenship are clear, making it an ideal launchpad for long-term success.”

For those seeking affordability and quality, the Asia-Pacific region shines brightly. New Zealand boasts eight universities ranked in the global top 500—rivalling India’s elite IITs—while keeping costs manageable. “Why chase prestige at a premium when you can access it affordably?” Shaikh challenges. Australia offers a vibrant multicultural environment with strong employability outcomes, and emerging hubs like Malaysia, South Korea, Japan, and the UAE are ramping up student intake through generous funding and specialized programs in business, technology, and healthcare.

Shaikh’s vision extends inward as well. “Instead of lamenting U.S. politics, let’s amplify our domestic strengths,” he asserts. India’s higher education sector is on an upward trajectory, bolstered by international collaborations. Several foreign universities are establishing campuses in India, blending global standards with local relevance and making quality education more accessible.

At Aliff, this philosophy is lived daily. The organization has pioneered scholarships and support systems to send students from underprivileged sections overseas, proving that barriers can become bridges. “Education forges professionals, but a nation’s culture and ethos shape exceptional citizens,” Shaikh reflects. “The U.S. is unparalleled in many ways, but it’s not the only star in the sky. By evaluating these alternatives, we’re not retreating—we’re advancing toward a more resilient, opportunity-rich future.”

As global mobility ebbs and flows, Shaikh’s call to action is timely: diversify, adapt, and thrive. For students eyeing overseas dreams, the world is wider than ever.

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Mumbai (Maharashtra) [India], October 13: Backed by decades of industry expertise and global market experience, Elvomax, a U.S. founded specialist in automotive and industrial lubricants, has officially launched its full-scale operations in India under the banner of Elvomax India Ltd. The brand brings OEM-grade quality, tailored B2B solutions, and a strong dealer-first approach—positioning itself as a reliable new player in India’s lubrication market.

As India’s economy expands, the demand for high-performance lubricants that protect machines and extend operating life is rising fast. Elvomax meets this need with premium products designed specifically for Indian working conditions, supported by a robust global supply chain.

More Than Just Lubricants — A Commitment to Uptime

In sectors like transport, agriculture, and construction, every minute of downtime affects productivity and revenue. Elvomax tackles this challenge with lubricants that reduce friction, withstand tough conditions, and keep engines and machinery running smoothly for longer intervals.

Backed by owners with over 15 years of business and field experience, Elvomax products are trusted internationally for their durability and reliability. From bike engines to truck fleets and industrial equipment, Elvomax offers lubricants and greases that deliver consistent results where it matters most.

Focused on Real-World Indian Conditions

Unlike generic or imported alternatives, Elvomax’s products are formulated to handle India’s unique conditions—dust, high heat, overloading, and extended use cycles. This local adaptation ensures each lubricant performs reliably, whether in remote farmlands, crowded cities, or challenging industrial sites.

Workshops, fleet operators, and farmers can all benefit from lubricants that meet global benchmarks and are tested in Indian field conditions.

An Open Invitation to Dealers and Distributors

Elvomax is actively inviting dealerships and distributors across India to be part of its expansion plan. As part of its go-to-market strategy, the company is focused on building regional dealership hubs, service channel partnerships, and B2B collaborations.

The company offers an attractive partner program including:

• Full access to a premium product portfolio
• Region-specific support and logistics
• Technical training and field engagement
• Long-term business development assistance

Whether you are based in a metro or a Tier-2 city, Elvomax ensures fast supply, marketing resources, and backend support to help dealerships thrive in a competitive environment.

A Growing Client Base

Elvomax is already serving a range of automotive, transport, and industrial clients, including OEM manufacturers, earthmover fleets, and independent workshops. The brand’s focus is on high-volume, high-stress applications where dependable performance is critical.

Demand is also rising among agricultural equipment owners and logistics providers who need consistent output under unpredictable conditions.

Aligned With India’s Future Growth

India is quickly emerging as a key market for lubricant innovation. Rising fuel costs, tighter emission regulations, and an increase in equipment automation are pushing industries to choose more efficient and environmentally responsible lubrication options.

Elvomax is responding to this by developing next-generation lubricants with higher thermal resistance, lower volatility, and greater compatibility with new engine technologies. As transport and industrial infrastructure expand rapidly in India, the company aims to play a vital role in powering that growth sustainably.

By supporting local supply chains and customized solutions, the company is aligned with India’s “Make in India” vision while bringing trusted global standards to Indian customers.

Join the Elvomax Movement

Elvomax’s India expansion is just the beginning. Dealership opportunities are open nationwide, with new regional campaigns and product lines planned through 2025.

For dealership inquiries or bulk orders, write to support@elvomax.com. To explore the full product range, visit www.elvomax.com. For updates and highlights, follow @elvomaxlubricants on Instagram.

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Mumbai (Maharashtra) [India], October 13: Kingston Technology, a world leader in memory products and technology solutions, today announced it has been ranked top third-party DRAM module supplier in the world, according to the latest rankings by revenue from analyst firm TrendForce. Kingston retains its number 1 position with an estimated 66% market share. TrendForce states DRAM module sales rose 7% YoY in 2024, reversing the 28% decline seen in 2023. Kingston maintained a strong market share, though its revenue growth slowed due to weaker consumer demand in the second half of 2024.

According to the report, the world’s top five memory module houses accounted for 81% of total sales in 2024, with the top eight accounting for 83%. The results reinforced Kingston’s dominance as the clear leader in DRAM module production, as the second-place supplier accounted for only 5 percent of the total market share. At the end of Q4 2023, DRAM suppliers began prioritizing high bandwidth memory and server-grade DDR5 products. This strategic shift resulted in tighter availability of other DRAM types, driving up demand and pushing overall prices higher. In response, module manufacturers increased procurement and replenished inventory, contributing to a total market revenue of $13.3 billion in 2024. However, in the latter half of the year, rising module prices began to suppress demand, ultimately limiting sales growth.

In 2024, Kingston released a limited edition racecar inspired version for the Kingston FURY Renegade line. The Kingston FURY Renegade DDR5 RGB Limited Edition featured a striking new curved design reminiscent of modern racecars and leveraged the latest technology to achieve an aggressive speed of 8000MT/s, that fueled extreme overclocking potential while minimizing performance bottlenecks. In addition, Kingston released the Kingston FURY Renegade DDR5 CUDIMMs, compatible with Intel’s new 800-series chipset (formerly codenamed Arrow Lake). The introduction of overclockable DDR5 CUDIMM modules allows broader reach of professionals who demand top-tier performance and want to push the limits of their systems without compromising signal integrity.

“The 2024 findings from TrendForce reflect the company’s ongoing strength and adaptability in the face of yet another demanding business year.” said Kingston. “This milestone not only reaffirms Kingston’s dominant presence in the market but also underscores the company’s resilience and significance within the industry, as we now proudly maintain our top position for the 22nd consecutive year.”

For more information visit kingston.com.

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Positioning for Long-Term Growth in the Billion-Dollar AI Ecosystem

New Delhi [India], October 11: Colab Platforms a Diversified Technology Company, has announced plans to incorporate Colab Intelligence a wholly owned subsidiary. This strategic move marks a significant milestone in the company’s long-term vision to strengthen its presence in the rapidly expanding Artificial Intelligence (AI) Sector, which is currently valued at approximately USD 200 billion globally in 2024 and projected to exceed USD 1.8 trillion by 2030, growing at a CAGR of over 30%. 

Highlights:-
• Investment to fuel AI-driven innovation and scalable technology solutions.
• Targets high-growth sectors including gaming, esports, financial services, and retail for scalable innovation.
• Strategically positioned to leverage USD 200 billion global AI investments and deliver longterm shareholder value.

This reflects Colab Platforms’ commitment to innovation, digital transformation, and the integration of advanced AI-driven technologies across its business ecosystem. Colab Intelligence will focus on developing cutting-edge solutions such as intelligent automation, predictive analytics, and collaborative AI platforms that enhance decision-making, operational efficiency, and human– machine synergy.

AI Opportunities Across Key Sectors

AI is transforming industries across the globe, particularly in areas aligned with Colab Platforms’ expertise:

• Gaming and Esports: AI-driven experiences are expected to push the market beyond USD 583 billion by 2030, offering hyper-personalization, immersive gameplay, and predictive analytics for players and organizers alike.
• Sports Management and Analytics: Forecast to reach USD 19 billion by 2030, AI is revolutionizing performance tracking, fan engagement, and operational efficiency for professional sports ecosystems.
• Financial Services and Retail: AI applications in these sectors are each projected to surpass USD 100 billion by 2030, driving intelligent automation, risk management, and personalized customer solutions.

Through this subsidiary, Colab Platforms is strategically positioning itself to capture high-growth opportunities across multiple transformative industries. This expansion is designed designed to diversify its technology portfolio, unlock new revenue streams, and drive sustainable, long-term value for shareholders. By integrating AI capabilities across its existing businesses ranging from esports and digital ventures to sports infrastructure, the company aims to strengthen its market position in a globally competitive, rapidly evolving tech landscape.

The company’s leadership emphasized that AI adoption will enable Colab Platforms to deliver innovative, scalable solutions that enhance user engagement, optimize operational efficiency, and create differentiated offerings in sectors where technology is rapidly reshaping market dynamics. From gaming and esports to financial services, and retail, the company is targeting markets where AI-driven disruption is creating massive economic potential, giving it a competitive edge in industries projected to collectively reach trillions of dollars in value.

“This a new chapter in Company’s growth journey, aimed at boosting innovation and market relevance. Colab Intelligence is central to building a resilient, diversified business model that captures value from emerging technologies. By focusing on AI-driven industries, Colab Platforms aims to unlock new revenue streams and strengthen its position as a forward-looking leader in India’s tech landscape.” Said, Mr. Puneet Singh, Managing Director of Colab Platforms Limited.

About Colab Platforms: 

Colab Platforms Limited is a diversified technology, sports and digital ventures company focused on building integrated ecosystems spanning esports, physical sports infrastructure, Sporting events, influencer collaborations, and digital content delivery. With a vision to strengthen India’s sports and youth economy, Colab is creating sustainable value across multiple verticals. website: www.colabplatforms.com.

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A Landmark Achievement Reinforcing Excellence, Trust, and Professionalism in India’s Logistics Sector

New Delhi [India], October 11: Today marks a historic and proud milestone for Om Packers & Movers, one of India’s most trusted logistics and relocation service providers. The Indian Banks’ Association (IBA) has officially recognized the company as a “Recommended Transport Operator” under its highly respected initiative – The IBA Scheme for Recommending Transport Operators to Member Banks.

This recognition stands as a symbol of credibility, operational excellence, and trustworthiness, earned through years of consistent performance, transparency, and customer-centric service. Under this certification, Om Packers & Movers has been allotted the official code GZO-2596, effective from October 8, 2025, and valid until October 31, 2028. During this period, the company will remain listed as an approved transport operator for all IBA member banks across India.

A Landmark Moment for the Indian Logistics Industry

The Indian Banks’ Association’s recommendation is not simply an approval – it is a prestigious endorsement of integrity and professionalism within India’s logistics and transport ecosystem. This achievement underscores that Om Packers & Movers has successfully cleared the IBA’s stringent multi-stage evaluation process, meeting every operational, safety, and compliance standard set by the association.

According to the IBA’s official notification, the approval was granted after a comprehensive verification process, which included in-depth scrutiny of the company’s business ethics, operational performance, client feedback, documentation protocols, and compliance record.

As per the association’s directive, the company is required to print the validity period of the certification on all its Lorry Receipts (LRs) in the prescribed format. This mandate ensures uniformity and transparency in every transaction and documentation process involving banks and corporate clients.

Recognition Built on Trust, Punctuality, and Service Excellence

Over the past two decades, Om Packers & Movers has emerged as a nationally recognized logistics leader, renowned for its reliable, safe, and punctual transport and relocation services. What began as a regional operation in Northern India has now evolved into a pan-India network serving individuals, corporates, and industrial clients with equal dedication and efficiency.

The company’s commitment to punctual delivery, customer satisfaction, and responsible service has earned it a distinguished position in the logistics industry. Whether handling domestic relocations, industrial consignments, or banking-related transport operations, Om Packers & Movers has maintained high standards of professionalism and ethics at every step.

The IBA’s endorsement is therefore viewed as a natural validation of the company’s unwavering commitment to quality, compliance, and client satisfaction.

IBA Commends Compliance and Standards

In its statement, the Indian Banks’ Association emphasized that this recognition was granted only after verifying the company’s adherence to all compliance and operational benchmarks. The association highlighted that this certification is solely intended for the use of IBA member banks, ensuring secure, standardized, and transparent transport operations for financial and banking transactions.

The IBA also issued a clear advisory that no third-party agent or intermediary is authorized to represent or act on its behalf during this certification process. All communications must be conducted exclusively through IBA’s official channels, maintaining the integrity of the association’s framework.

This structured and transparent approach aims to protect the interests of both banks and customers, while also promoting professional accountability within the logistics and transport sector.

A Message from the Company: Pride, Gratitude, and Determination

Speaking on this occasion, the management of Om Packers & Movers expressed immense pride and gratitude, calling this achievement a defining moment in the company’s journey.

In a statement, the company’s leadership said:

“We are deeply honored to receive this official recognition from the Indian Banks’ Association. It is not just a certification – it is a reflection of our dedication to service excellence, reliability, and ethical business practices. This achievement reinforces our belief that honesty, consistency, and customer trust are the true pillars of long-term success.”

They further added:

“This milestone belongs to our customers, employees, and partners who have supported us throughout our journey. It motivates us to continue delivering on our promise of safety, punctuality, and professional integrity. We will keep innovating and improving to set new benchmarks in India’s logistics sector.”

The management reaffirmed that this recognition will inspire the company to strengthen its systems, adopt advanced technologies, and enhance service delivery to meet the growing demands of modern logistics.

Strengthening India’s Financial and Logistics Ecosystem

The IBA’s Transport Operator Recommendation Scheme plays a pivotal role in bridging the gap between financial institutions and reliable logistics partners. It ensures that banks can conduct operations like lending against goods, collateral transport, and other financial transactions with minimal risk and maximum transparency.

By earning this recognition, Om Packers & Movers now joins an elite group of logistics companies that serve as trusted partners to India’s banking and corporate sectors. This inclusion not only enhances the company’s credibility but also opens avenues for collaboration in the finance, manufacturing, retail, and infrastructure domains.

Industry experts have welcomed this development, noting that such partnerships between the financial and logistics sectors will strengthen India’s supply chain ecosystem, improve transaction safety, and foster greater economic efficiency.

Commitment to Innovation and the Future

Looking ahead, Om Packers & Movers plans to continue its journey of growth and excellence through innovation, technology, and sustainability. The company is already investing in digital logistics solutions, GPS-enabled tracking, and eco-friendly practices to make its operations more efficient and environmentally responsible.

With the IBA’s endorsement, the company aims to further align its operations with international service benchmarks, ensuring world-class reliability and transparency for every customer.

The company also intends to expand its nationwide presence, strengthen its fleet management systems, and provide seamless logistics solutions tailored to diverse customer segments – from individual relocations to complex corporate movements.

A Symbol of Trust and Professional Excellence

This recognition marks a transformative chapter in the journey of Om Packers & Movers – from a regional player to a nationally certified logistics brand trusted by leading banks, corporations, and thousands of satisfied customers.

It validates the company’s long-standing values of trust, accountability, and professionalism, reinforcing its reputation as one of India’s most dependable logistics partners.

In conclusion, the IBA’s official recognition is not merely an administrative endorsement – it is a celebration of dedication, quality, and the spirit of Indian enterprise. With its inclusion in the IBA’s approved list of transport operators, Om Packers & Movers is set to scale new heights of success, reliability, and contribution to India’s rapidly advancing logistics and financial landscape.

About Om Packers & Movers

Om Packers & Movers is one of India’s leading logistics and relocation service providers, offering safe, transparent, and time-bound moving solutions for households, corporates, and industries. Known for its customer-first approach and nationwide presence, the company continues to redefine standards in logistics management, customer satisfaction, and professional excellence.

For Enquiries:
Contact:  9810666641
Email: info@ompackersindia.com
Website: https://ompackersindia.com/

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Mumbai (Maharashtra) [India], October 10: Focus Lighting & Fixtures Limited (NSE – FOCUS), engaged in manufacturing & innovative lighting solutions of LED lights and fixtures, has secured a prestigious order worth ₹1.88 Cr (exclusive of GST) from the Gandhinagar Municipal Corporation for a city beautification project.

Key Highlights of the Order:

• Project Value: ₹1.88 Cr (exclusive of GST)

• Scope: Manufacture, supply, delivery, and installation of LED lighting and fixtures for city beautification in Gandhinagar

• Awarding Authority: Gandhinagar Municipal Corporation

• Nature of Contract: Infrastructure order – domestic entity

This new order from the Gandhinagar Municipal Corporation adds further momentum to Focus Lighting & Fixtures Limited’s ongoing growth. By contributing to projects that enhance urban infrastructure and promote energy efficiency, the company continues to strengthen its presence in the professional lighting segment. The successful execution of this project will enhance its portfolio of government and civic lighting projects, supporting future opportunities in the infrastructure and smart city space.

Commenting on the performance, Mr. Amit Sheth, Managing Director of Focus Lighting & Fixtures said, “Securing this order from Gandhinagar Municipal Corporation provides an excellent opportunity to apply our expertise in LED lighting for city infrastructure projects while supporting the company’s growth. This project demonstrates the increasing demand for sustainable and efficient lighting solutions in urban development. It strengthens our engagement with municipal bodies and opens doors for similar opportunities in other cities. Successful execution will contribute to revenue and enhance our presence in the civic lighting segment. We remain focused on delivering high-quality, innovative solutions and see such initiatives as an important part of our future growth and role in urban development.”

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From L-R: Advaith Mohan (cofounder of Wagr), Fredun Medhora (MD, Fredun Pharmaceuticals Ltd), and Siddharth Darbha (cofounder of Wagr)

Mumbai (Maharashtra) [India], October 10: Fredun Pharmaceuticals Limited (BSE – FREDUN | 539730) is one of the leading pharmaceuticals formulation manufacturing companies in India. The Company, diversified into Generics, Cosmeceuticals, Nutraceuticals, Mobility and Animal Healthcare Products, today announced the strategic acquisition of all assets of Wagr, a leading pet tech platform, marking the launch of India’s first truly neutral online marketplace for pet products and services.

This strategic move positions FPL at the forefront of India’s rapidly growing pet care industry, projected to reach $6 billion by 2030.

The acquisition includes Wagr’s comprehensive technology platform, user base of 140,000+ pet parents, patented pet fitness tracking technology, and established veterinary network—creating an unprecedented ecosystem that addresses critical gaps in the Indian pet care market.

FPL will relaunch the Wagr marketplace and services in Q4 FY 2025-26.

About Fredun Pharmaceuticals Limited

Fredun Pharmaceuticals Limited is a leading innovator in India’s pet care industry, specializing in functional food and prescription food categories. Committed to supporting the holistic well-being of pets across India, FPL combines quality products with technology-driven solutions to enhance the pet parenting experience.

About Wagr

Wagr is a comprehensive pet care technology platform that pioneered a neutral pet e-commerce marketplace, pet health monitoring and GPS tracking, and veterinary consultation services in India. As the creator of India’s first GPS and fitness tracker for dogs and the world’s first AI pet care chatbot, Wagr has established itself as an innovation leader in the pet tech space.

India’s First Neutral Pet Marketplace

Unlike existing e-commerce platforms that either lack pet-specific focus or promote proprietary brands, the FPL-Wagr platform provides an unbiased marketplace for new age pet brands and established brands alike. FPL’s strategic positioning in functional food, wet food, and prescription food categories—with no presence in dry food, biscuits, or other commodity segments—enables the company to maintain complete neutrality while hosting competing brands.

Wagr.ai marketplace – to be relaunched in Q4 FY 2025-26.

Critically, all sales transacted through the platform, regardless of brand, will be registered under Fredun Pharmaceuticals Limited’s revenue, creating a unified commerce ecosystem that benefits the entire pet care industry.

Sales enabled by content and community – to be relaunched in Q4 FY 2025-26.

Comprehensive Support System for Pet Parents

The integrated platform addresses the needs of India’s burgeoning community of new pet parents through multiple support channels:

On-Demand Telemedicine (launching within 6-9 months): Through Wagr’s existing app infrastructure, pet parents can access a “Practo-style” veterinary consultation system, selecting from online doctors for 15-minute video consultations. The platform features seamless payment integration and has already facilitated over 11,000 consultations.

Vet marketplace for video consults – to be relaunched in Q4 FY 2025-26.

Pan-India Doctor Network (launching within 6-9 months): A comprehensive network connecting pet parents with veterinary professionals across the country, complemented by specialized educational programs designed for veterinary professionals to enhance their knowledge and service delivery.

AI-Powered Pet Care:

The platform features Toto, the world’s first AI pet care chatbot, which has answered over 10,000 questions, providing personalized, real-time advice to pet parents.

 

An entire ecosystem of vet at your fingertips, health records for your pet, and an AI chatbot to guide you – to be relaunched in Q4 FY 2025-26.

Revolutionary Fitness Technology

Building on Wagr’s pioneering work as India’s first GPS and fitness tracker for dogs (launched in 2019), FPL will reintroduce patented fitness tracking technology for pets in FY 2026-27.

India’s first pet fitness tracker – to be relaunched in FY 2026-27.

Like human fitness bands and smartwatches, these innovative devices will enable pet parents to monitor their pets’ health metrics, activity levels, and overall wellness in real-time. The hardware has been field-tested with hundreds of pets across India, and the technology has proven reliable in diverse environmental conditions, from urban apartments to rural farmlands.

• Real-time GPS location tracking using 4G SIM connectivity

• Advanced activity monitoring through WiFi and motion sensors

• AI-powered fitness analytics that track resting, active, and playing states

• Compact, pet-friendly design with durable collar attachment system

• Seamless app integration for real-time data visualization

Fredun Medhora, MD of Fredun Pharmaceuticals Limited, stated: “FPL’s long-term vision is that every pet in India should be using a FPL product or service. This strategic acquisition represents a transformative moment for the Indian pet care industry. By combining our deep expertise in pet nutrition with Wagr’sproven technology platform and user base, we’re creating something unprecedented a truly neutral marketplace that serves the entire ecosystem while providing comprehensive support to pet parents. Our vision extends beyond commerce; we’re building a complete support system for India’s growing community of pet parents, with 24/7 veterinary access, AI-powered guidance, and cutting-edge fitness tracking technology.”

Fredun added: “What makes this particularly powerful is our unique positioning. Because FPL doesn’t compete in categories like dry food or biscuits, we can genuinely serve as a neutral platform, hosting all major brands while ensuring that every transaction regardless of brand contributes to our ecosystem’s growth. This is the future of pet care commerce in India.”

Siddharth Darbha, Co-founder, Wagr, commented: “Wagr has always stood for trusted, compassionate pet care. With Fredun Pharma’s decades of expertise and deep commitment to wellness, that promise will now touch many more pet families.”

Advaith Mohan, Co-founder, Wagr, commented: “Building Wagr has been a journey of love for pets and trust from their parents, and seeing it grow under Fredun Pharma feels like sending it off to an even bigger family.”

Asset Acquisition Details

The acquisition encompasses Wagr’s comprehensive asset portfolio from its founders and investor group, which includes IvyCap Ventures, Inflection Point Ventures, Stanford Angels & Entrepreneurs, and prominent angel investors, including Nitin Sharma (Co-head India, Antler, First Principles), Ashish Sharma (CEO, Innoven Capital, ex-President, GE Capital), and others.

Key Assets Acquired:

• Wagr brand, trademark, and intellectual property

• Patented Wagr hardware technologies

• Complete software suite (apps, backend systems, firmware)

• User database of 140,000+ pet parents

• Website (wagr.ai) with 6,000 organic monthly visitors and 10+ million lifetime SEO impressions

• Social media presence with 10,000+ followers

• Established relationships with 70+ pet care product brands

• Existing contracts with 20 veterinarians

Platform Performance Metrics

The combined platform brings impressive operational capabilities:

• 140,000+ registered pet parents

• 4.7/5 app rating

• 16,000+ transactions (veterinary consultations and e-commerce)

• 10,000,000+ organic impressions in 12 months

• 1,000+ products available from 70+ brands

• 11,000+ teleconsultations completed with 76 Net Promoter Score

• 5,000+ orders shipped with a 75 Net Promoter Score

Market Opportunity

India’s pet care industry is experiencing explosive growth, with a 22% CAGR projected from $1 billion (2021) to $6 billion (2030). The market encompasses:

• Products: $900 million (pet food, treats, accessories, supplements, consumables)

• Health: $250 million (veterinary care, diagnostics, pharma, insurance)

• Services: $200 million (grooming, boarding, training, walking, live animal sales)

With 20 million pets in India and the number of new pet parents expected to increase significantly over the next decade, the timing is ideal for a comprehensive, technology-enabled pet care solution.

Awards and Recognition for Wagr

Wagr’s technology platform has received significant industry recognition:

• Winner of Qualcomm Design In India program (selected from 300+ startups, $90,000 in grants)

• World’s first 4G pet wearable

• Featured at CES 2020 in Las Vegas

• Early pioneer of veterinary telehealth in India (2021)

• Launched the world’s first AI pet care chatbot (2023)

• Best Product Debut Award at India’s largest pet festival

Transaction Structure

The transaction structure is the first-of-its-kind in India’s pet care industry, featuring a zero-cash acquisition by FPL. In this strategic arrangement, Wagr’s investors and founding team have joined the FPL group as equity partners, demonstrating their confidence in the company’s vision and commitment to building the next-generation pet care ecosystem.

Rather than taking an exit, Wagr’s original investors and founders have chosen to remain actively involved as long-term partners, reinforcing their belief in the combined potential of FPL and Wagr. FPL, in turn, has structured the deal to channel future investments directly into business expansion, innovation, and technological enhancement, ensuring that the partnership drives sustainable growth in India’s rapidly evolving veterinary and pet wellness sector.

Strategic Rationale

Wagr, after 8 years of R&D, lacked the resources and scalability to sustain independent operations despite having strong technology and market presence.

Rather than liquidation, a strategic restructuring was designed in partnership with Fredun Pharmaceuticals to maximize value for all stakeholders, which had:

• Aligned interests in the pet care sector

• Deep financial resources provided by Fredun Pharmaceuticals

• Robust manufacturing capabilities of Fredun Pharmaceuticals

New Ownership Structure

Following the transaction, the ownership structure of Wagr is as follows:

• Fredun Pharmaceuticals Limited (via subsidiary): 78% equity stake

• Original Wagr Shareholders and Other Investors: 20% equity stake, comprising

o IvyCap Ventures Advisors Private Limited

o Beacon Trusteeship Limited – First Port Capital

o Wagr Founders

o Other Investors

• Sweat Equity (Tal64): 2% equity stake

This structure represents a collaborative and future-focused ownership model, aligning FPL, Wagr’s founders, and investors toward a unified vision of innovation, growth, and long-term value creation in India’s dynamic pet care industry.

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Mumbai (Maharashtra) [India], October 10: Utssav CZ Gold Jewels Limited (Utssav, The Company), (NSE Code: UTSSAV) one of the leading manufacturers of 18K, 20K, and 22K CZ gold jewellery, plain casting jewellery in 22K, paper casting jewellery in 22K, natural diamond jewellery, and lab-grown diamond jewellery in 18K, has been assigned credit ratings by Care Edge Ratings for its bank facilities.

• Long Term Bank Facilities – CARE BBB; Stable (₹2 Cr)
• Short Term Bank Facilities – CARE A3+ (₹147 Cr)

The ratings reflect the company’s strong fundamentals and highlight its financial discipline and business stability. Care Edge Ratings has factored in the promoter’s extensive experience in the gold jewellery industry, the company’s strong capital structure with healthy debt coverage indicators, its growing scale of operations with moderate profitability, and an adequate liquidity profile.

These ratings reaffirm The Company’s potential for sustained growth and further strengthen stakeholder confidence in the company’s market position.

Earlier, the company’s credit ratings were assigned by Infomerics Ratings. These ratings have now been withdrawn after Utssav provided the required no-objection document, which was duly acknowledged by its bankers and submitted to Infomerics on time.

Commenting on the achievement, Mr. Pankajkumar Jagawat, Managing Director of Utssav CZ Gold Jewels Limited said, “We are pleased with the ratings assigned by Care Edge Ratings, which reflect our strong fundamentals and disciplined financial management. These ratings are an important endorsement of our efforts to consistently strengthen our financial stability, improve operational performance, and scale our business with efficiency.

At Utssav, we remain committed to creating value through sustainable growth and operational excellence. The recognition also enhances the confidence of our banking partners and investors, and further motivates us to deliver on our long-term vision.”

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.