23, Jan 2026
Aptronix Launches Multi-Device Exchange Programme to Boost E-Waste Recycling
New Delhi, Jan 23: Aptronix, an Apple Premium Partner in India, has introduced a new multi-device exchange initiative aimed at strengthening formal e-waste collection and responsible recycling across the country. The programme, titled Limitless Aptronix Exchange, allows customers to exchange up to 10 electronic devices of any brand and condition at Aptronix retail outlets.
Powered by device lifecycle management company Servify and recycling partner Karo Sambhav, a government-authorised Producer Responsibility Organisation (PRO), the initiative accepts both functional and non-functional devices. Eligible categories include smartphones, laptops, tablets, wearables, and select household electronics.
Functional devices are assessed instantly through Servify’s diagnostic platform, with the evaluated value redeemable against the purchase of new Apple products. Devices without resale value are routed for responsible recycling, with customers receiving vouchers, along with a tree planted on their behalf.
According to Aptronix, the programme is designed to address India’s growing e-waste challenge by encouraging consumers to responsibly dispose of unused and obsolete electronics. The company expects the initiative to divert a significant volume of electronic waste from landfills during its first year.
Servify’s platform enables transparent device assessment and end-to-end tracking, ensuring devices move through certified refurbishment or recycling channels. Karo Sambhav will oversee recycling operations in compliance with Extended Producer Responsibility (EPR) guidelines, providing traceability from collection to final processing.
Commenting on the launch, Meghna Singh, CEO, Aptronix, said,
“This programme is about making responsible disposal simple and accessible for consumers. By removing friction from the recycling process, we hope to encourage more people to part with old devices responsibly.”
Sreevathsa Prabhakar, Founder & CEO, Servify, added,
“Technology-driven diagnostics, transparent valuation, and traceable recycling are critical to formalising e-waste management at scale.”
The programme is available across all Aptronix retail locations and is open to customers irrespective of device brand. Aptronix will monitor key environmental impact metrics, including the number of devices collected, recycled, and consumer participation levels.
Industry observers note that initiatives such as this align with India’s tightening regulatory framework around e-waste management and reinforce the growing emphasis on producer and consumer responsibility within the electronics ecosystem.
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- By Neel Achary
23, Jan 2026
After 11 Years of Severe Hip Pain, 41-Year-Old Man from Mauritius Avoids Hip Replacement Through Cell-Based Therapy
Navi Mumbai, Jan 23: A 41-year-old man from Mauritius, who had been living with debilitating hip pain for over 11 years due to advanced Avascular Necrosis (AVN), has successfully avoided hip replacement surgery after undergoing cell-based regenerative therapy at StemRx Hospital & Research Centre, Navi Mumbai. Treated under the care of Dr. Pradeep Mahajan, Regenerative Medicine Researcher and Founder of StemRx, the patient has experienced significant pain relief, improved mobility, and a renewed quality of life.
Mr. Kavraj Singh Bohani had been suffering from persistent pain, stiffness, and severely restricted movement for more than a decade. Over the last three to four years, his condition worsened considerably, affecting his ability to walk, sleep, work, and perform everyday activities. Multiple medical consultations in Mauritius recommended hip replacement surgery as the only viable option. Long-term use of pain medication offered only temporary relief and began impacting his mental and emotional well-being.
In search of a non-surgical, root-cause-focused solution, Mr. Bohani learned about StemRx through the Medi Check Clinic in Mauritius and decided to travel to India for treatment.
At StemRx Hospital, a comprehensive evaluation confirmed advanced AVN of the hip, a condition caused by reduced blood supply to the bone, leading to bone damage and joint degeneration. Based on the assessment, the medical team designed a personalised regenerative medicine protocol aimed at restoring blood flow, reducing inflammation, and stimulating natural bone healing.
Even before the primary therapy commenced, the patient showed improvement through supportive care and physiotherapy. He subsequently underwent stem cell-based regenerative therapy, supported by a multidisciplinary treatment approach that included targeted cell therapy, physiotherapy, quantum energy medicine, Hyperbaric Oxygen Therapy (HBOT), and EBOO (Extracorporeal Blood Oxygenation and Ozonation). The integrated strategy focused on slowing or halting disease progression, relieving pain, improving joint function, and avoiding joint replacement surgery.
Commenting on the case, Dr. Pradeep Mahajan, Regenerative Medicine Researcher & Founder, StemRx Hospital & Research Centre, said,
“Avascular necrosis develops when the blood supply to the bone is compromised, leading to progressive damage and severe pain. In many cases, joint replacement is advised as the final option. Our approach focuses on addressing the disease at the cellular level—by improving blood flow, reducing inflammation, and stimulating bone regeneration. In Mr. Bohani’s case, a customised stem cell therapy protocol helped support recovery of the hip joint and significantly improve his quality of life.”
He added,
“What stood out in this case was the patient’s determination and trust in the treatment process. With consistent therapy and rehabilitation, we observed meaningful improvements in pain levels, mobility, and overall function. This case highlights how regenerative medicine can offer hope to patients who believe surgery is their only option.”
Sharing his experience, Mr. Kavraj Singh Bohani said,
“For years, pain controlled every part of my life. I couldn’t work properly, sleep peacefully, or even step out without discomfort. Doctors told me surgery was the only way forward. Coming to StemRx changed everything. Today, I am almost pain-free and no longer dependent on medicines. I finally feel hopeful again.”
He further added,
“Dr. Mahajan gave me confidence from day one. His calm approach and clear explanations made me feel safe throughout the treatment. Before opting for a hip replacement, I would strongly encourage anyone suffering from AVN to explore regenerative therapy. It truly gave me my life back.”
This case underscores the potential of cell-based regenerative medicine in offering effective, non-surgical treatment options for chronic and debilitating conditions such as Avascular Necrosis—helping patients restore mobility, dignity, and long-term quality of life.
23, Jan 2026
Death of Situationships: 3 in 5 Daters Above 25 Demand Clarity Before Commitment, Finds QuackQuack Study
The era of vague, undefined romantic connections—popularly known as situationships—appears to be losing its appeal among Indian daters. A recent consumer study by Indian dating app QuackQuack reveals a significant shift in dating behaviour, with nearly 3 in 5 daters above the age of 25 actively seeking clarity early in a connection to avoid emotional ambiguity and unintentional attachment.
The study, conducted among 11,959 daters aged 25–35 across Tier 1, 2, and 3 cities, indicates that modern dating is becoming more intentional, transparent, and emotionally aware. While situationships once thrived on low-pressure connections and “let’s see where it goes” dynamics, daters today are increasingly prioritising emotional clarity and aligned expectations.
Survey findings show that 2 in 10 couples were emotionally exclusive but hesitant to commit, often due to fear of labels or long-term expectations. However, this reluctance is now giving way to maturity and decisiveness. Nearly 41% of respondents acknowledged that while situationships may have seemed like a trial phase, the emotional cost of staying stuck without direction outweighs any perceived benefits.
Commenting on the findings, Ravi Mittal, Founder & CEO of QuackQuack, said,
“We’ve seen the rise of situationships, and now we’re clearly witnessing their decline. As a dating platform, our goal has always been to help users find meaningful connections—romantic or friendly. Situationships often end with at least one person getting hurt. It’s encouraging to see daters recognising this and consciously choosing clarity over confusion. Match quality is improving, and so is the value users place on genuine interactions.”
Situationship Burnout Replaces the Thrill
Across cities and demographics, daters reported growing emotional fatigue associated with undefined relationships. The uncertainty, mixed signals, and inability to set boundaries were cited as emotionally draining.
Amrita (27), from Delhi, shared,
“The worst part of being in a situationship was not being able to confront him when I felt insecure. That uncertainty weighed heavily on me. I now believe clarity and commitment—even if it takes longer—are far healthier than staying in emotional limbo.”
‘Time-Pass’ Dating Losing Relevance
While dating in one’s early 20s is often exploratory, respondents above 25 expressed a growing awareness of time and emotional investment. 36% of daters aged 28–35 said they are now more intentional about whom they spend their limited time with.
The study also revealed that 49% of women and 44% of men are less willing to invest in connections that remain undefined beyond the one-month mark. While casual dating remains relevant, daters increasingly reject casual ambiguity, emphasising the need for transparency and mutual intent.
Past Experiences Driving Stronger Boundaries
Nearly 22% of respondents who had previously been in a situationship said the experience shaped stronger boundaries in their current dating lives.
Kirti (30), a social activist, said,
“Being emotionally invested without reciprocation left a mark. I wish I had recognised it sooner. Today, I’m clear about what I want, and if it doesn’t align, I’m prepared to walk away.”
The findings highlight a broader cultural shift in Indian dating—one that values clarity, emotional safety, and intentional connection over uncertainty. As dating continues to evolve, situationships may soon become a relic of the past rather than a modern norm.
23, Jan 2026
Intellect Boosts Global AI Adoption with 14 Partners on Purple Fabric
Intellect Accelerates Global Enterprise AI Adoption, Onboards 14 Value Discovery Partners for Purple Fabric Ecosystem
Intellect Design Arena Ltd, a global leader in enterprise-grade financial technology, today announced the onboarding of 14 Value Discovery Partners across India, Africa, Europe, the UK, APAC, and Canada, to accelerate AI-First value discovery and enterprise adoption of Purple Fabric, its enterprise-grade Business Impact AI platform.
As financial institutions worldwide face the challenge of moving Generative AI initiatives from “pilot mode” to production-grade “business impact,” this new partner ecosystem will play a pivotal role in bridging the gap.
Built using First Principles Thinking and reinforced by Design Thinking-led solution discovery, Purple Fabric integrates knowledge derived from over three decades of domain expertise and more than 20 million engineering hours. The platform offers a robust suite of enterprise-ready Digital Experts that are already deployed and trusted by global financial institutions.
As Value Discovery Partners, these organisations engage early with customer leadership to lead AI-First value discovery identifying high-impact use cases, prioritising measurable value pools, and co-designing governed, production-ready AI solutions on Purple Fabric. This ensures enterprises move beyond experimentation and accelerate the delivery of tangible, scalable business outcomes.
At its core, Purple Fabric enables enterprises to operationalise AI through four foundational technology stacks. These include the Enterprise Knowledge Garden (PF EKG), which provides a unified, continuously updated domain data fabric; Enterprise Digital Experts (PF EDE), a multi-agent orchestration layer that automates and augments enterprise tasks across credit, risk, compliance, and customer experience; Enterprise Governance (PF Govern), embedding observability, auditability, and fairness controls to ensure trust and regulatory compliance; and the LLM Optimisation Hub (PF MOH), an LLM-agnostic layer that optimises speed, accuracy, and cost through intelligent benchmarking and resource allocation.
A New Collaborative Framework: Co-Build, Co-Exist, Build
The Purple Fabric Value Discovery Partnership Program is anchored on deep technical and strategic collaboration. Partners are not positioned as distributors but as co-creators within the ecosystem, working closely with Intellect to:
- Co-Build: Jointly develop new AI agents and industry-specific workflows.
- Co-Exist: Seamlessly integrate Purple Fabric’s Digital Experts into existing legacy and core architectures.
- Build: Create bespoke IP and differentiated solutions on top of the Purple Fabric foundation.
Flexible Engagement Models
To ensure broad market adoption and flexible go-to-market execution, the partner ecosystem operates under three distinct engagement models:
- Sell With: Partners leverage Purple Fabric to address customer challenges, with Intellect providing deep architectural and platform support.
- Sell To: Partners adopt Purple Fabric for their own internal operations, using pre-built Digital Experts to streamline workflows and decision-making.
- Sell Through: Designed for partners with strong cloud capabilities, this model offers dual deployment flexibility, either hosting Purple Fabric on partner infrastructure or reselling it via Intellect’s managed Purple Fabric Cloud, aligned to customer compliance and data preferences.
Commenting on the expanded partner ecosystem, Arun Jain, Chairman and Managing Director of Intellect Design Arena Limited & Chief Architect of Purple Fabric, said,
“AI must move beyond pilots to deliver measurable business impact at enterprise scale. This value discovery partner ecosystem reinforces our belief that Business Impact AI can only scale through trusted collaboration, where industry context, governance, and execution come together. Purple Fabric is designed as an open platform, and this growing global ecosystem will help enterprises move decisively from experimentation to outcomes.”
23, Jan 2026
Microfinance Sector Calls for Robust KYC, Stable Funding to Boost Financial Inclusion
By: Dr Alok Misra, CEO & Director, Microfinance Industry Network
“The microfinance sector touching lives of nearly 30 crore low income people needs policy support in the form of robust KYC framework for accurate borrower verification and responsible credit reporting. In light of SC judgement restricting Aadhar use, the issue needs to be addressed through solutions such as Aadhaar last-four-digit storage or tokenisation. The other area requiring policy support is availability of stable funding mechanism. High dependence of NBFC-MFIs on bank funding leads to sudden drying up of funds and affects financial inclusion, like seen for last one year. This has resulted in nearly 50 lakh clients going out of formal finance fold.
Other than that, at a macro level, the sector has shown tangible improvement in credit discipline, with Portfolio at Risk (1–90 days) for RBI regulated entities declining from 5.3% in Dec 2024 to 2.4% by end December 2025 and nearly 96% of borrowers are within prescribed MFIN guardrails. We remain hopeful for an early announcement on the proposed credit guarantee scheme for microfinance, which will further strengthen lender confidence and start a virtuous cycle for the sector.”
23, Jan 2026
USD 30B Investment Partnership Announced by RMZ and Maharashtra at WEF
RMZ Announces Strategic Investment Partnership with the Government of Maharashtra at WEF Davos 2026 to Facilitate Investments up to USD 30 Billion
Davos, Switzerland / Mumbai, Jan 23: RMZ, Asia’s leading integrated alternative-assets platform owned by the Menda family, today announced a strategic investment partnership with the Mumbai Metropolitan Region Development Authority (MMRDA) and City & Industrial Development Corporation of Maharashtra Limited (CIDCO) at the World Economic Forum (WEF) Annual Meeting 2026 in Davos.
Under this long-term partnership, RMZ plans to facilitate investments of up to USD 30 billion across the Mumbai Metropolitan Region over the next ten years in a phased manner. The initiative has the potential to generate approximately 3 lakh direct and indirect jobs throughout the project lifecycle. The collaboration is designed to drive economic growth through foreign direct investment (FDI) in urban, regional, and infrastructure development.
As part of the partnership with MMRDA, RMZ will lead investment structuring and capital mobilisation, alongside master planning, project development, and long-term asset management, leveraging global best practices across real estate, infrastructure, logistics parks, and data centres. MMRDA will support land identification and aggregation, provide policy-level support, and facilitate approvals and planning for the projects.
In collaboration with CIDCO, RMZ will develop new data centre and commercial projects in Navi Mumbai, with project execution expected to commence in FY 2026-27. CIDCO will support RMZ in obtaining necessary permissions, land allotments, approvals, and clearances from relevant government authorities in line with Maharashtra’s policies and regulations.
A CIDCO spokesperson said,
“We are excited to announce this partnership with RMZ, which aligns with Maharashtra’s vision to attract large-scale, technology-led infrastructure projects, strengthen digital resilience, and meet India’s growing demand for data-driven services. Navi Mumbai is fast emerging as a preferred hub for high-value data centres and digital infrastructure. This collaboration will enable planned, future-ready development by providing the necessary infrastructure, approvals, and ecosystem support for long-term digital and economic growth.”
Commenting on the partnership, Mr. Manoj Menda, Chairman – Supervisory Board, RMZ, said,
“Large, long-duration investments require more than capital; they demand alignment, trust, and strong institutional frameworks. Maharashtra’s focus on planned development and long-term economic value creation provides an ideal foundation. This strategic investment partnership reflects RMZ’s commitment to patient capital, sound governance, and building infrastructure platforms designed to deliver enduring economic outcomes.”
Mr. Deepak Chhabria, President – RMZ Infrastructure, added,
“Mumbai and its surrounding regions are emerging as critical hubs in India’s digital infrastructure and data-driven economy. RMZ already has approximately 230 MW of colocation capacity across its digital infrastructure platform, including assets in and around Mumbai. The partnership with MMRDA and CIDCO supports the next phase of expansion for future-ready data centre and AI infrastructure aligned with global standards. Our focus remains on developing efficient, sustainable platforms to support India’s growing digital economy over the long term.”
The collaboration aims to transform strategic locations into thriving growth hubs, enhance connectivity, and accelerate the implementation of key infrastructure projects, driving economic growth and long-term investment certainty for global capital.
23, Jan 2026
Hexagon India unveils ATS800 Metrology Solution to India Market at IMTEX Forming 2026
Bengaluru, Jan 23: Hexagon, the global leader in measurement technologies, today announced the India market launch of its next-generation metrology solution, the ATS800, at IMTEX Forming 2026, one of India’s premier manufacturing and machine tool exhibitions. While the ATS800 has been introduced in global markets earlier, this marks its official debut in the Indian manufacturing sector.
The launch ceremony was attended by Mr. Pramod Kaushik, President, Hexagon India, Mr. Manoj Sharma, Director – Marketing and Sales Excellence, Hexagon India, along with other Hexagon leaders and distinguished guests. The event is ongoing until 25 January 2026 at the Bangalore International Exhibition Centre (BIEC), Bengaluru, with Hexagon showcasing the ATS800 at Hall 3A, Booth A126.
The ATS800 is a high-precision laser tracking metrology solution that combines direct scanning and reflector tracking in a single portable system. It enables manufacturers to measure complex surfaces, fine features, and large structures from distances of up to 40 metres, improving precision, productivity, and workflow efficiency.
Speaking on the launch, Mr. Pramod Kaushik, President, Hexagon India, said:
“The introduction of the ATS800 in India reflects Hexagon’s continued commitment to supporting the country’s manufacturing transformation. As manufacturers move towards higher precision, larger assemblies, and digital quality workflows, the ATS800 offers a flexible and scalable solution to improve accuracy, productivity, and operational confidence.”
Mr. Manoj Sharma, Director – Marketing and Sales Excellence, Hexagon India, added:
“India’s manufacturing ecosystem is evolving rapidly, and the ATS800 reinforces Hexagon’s commitment to equipping Indian manufacturers with advanced metrology solutions that enhance quality, productivity, and competitiveness.”
The ATS800 caters to a wide range of sectors, including aerospace, automotive, energy, heavy engineering, and large-scale fabrication, delivering precise measurements, reduced inspection times, and improved traceability. Its design supports integration with automation systems, advanced workflows, and robotic platforms, enabling seamless connectivity with existing metrology software.
Hexagon’s participation at IMTEX Forming 2026 underscores its commitment to the Indian market, supporting manufacturers across industries with innovative metrology and digital solutions that enhance efficiency, quality,
23, Jan 2026
Cadbury Bournville Elevates India’s Dark Chocolate Experience with Two New Orange Variants
Mondelez India, the makers of some of India’s most loved snacking brands, today announced the expansion of its Cadbury Bournville portfolio with the launch of two new variants: Bournville 50% Dark Chocolate with Orange and Bournville 70% Dark Chocolate with Orange.
This strategic portfolio expansion reflects India’s growing taste for premium dark chocolate, offering consumers an indulgent experience that balances cocoa intensity with the zestful notes of orange.
Combining the timeless pairing of citrus and cocoa, the new Cadbury Bournville Orange variants have been crafted to deliver a refined multi-sensory experience. The deep, rich character of premium cocoa harmonizes with bright orange undertones, creating a sophisticated treat for both emerging and seasoned dark chocolate enthusiasts. This launch underscores Mondelez India’s continued commitment to leading the premium snacking segment through meaningful innovation and consumer-centric offerings.
Excited about the launch, Nitin Saini, Vice President – Marketing, Mondelez India, said
“Since introducing dark chocolate to India in 2009, Bournville has shaped the category’s journey, witnessing remarkable growth in recent years. As dark chocolate continues to premiumize in India, we’re expanding the Bournville range with distinct cocoa intensities and flavor pairings that elevate indulgence. The new orange variants bring together our signature richness with the vibrancy of citrus, offering Indian consumers more sophisticated ways to experience dark chocolate.”
The New Range:
- Bournville 50% Dark Chocolate with Orange: An inviting introduction to dark chocolate, this variant blend smooth 50% cocoa with a refreshing hint of orange, perfect for those exploring the category.
- Bournville 70% Dark Chocolate with Orange: The first of its kind in Bournville’s 70% cocoa range, this variant offers an intense dark chocolate experience balanced by subtle orange notes, crafted for a more evolved palate.
23, Jan 2026
Qure.ai Secures Major Global Health Grant to Develop AI-Powered Point-of-Care Ultrasound Solutions
Global digital health innovator Qure.ai today announced that it has received a multimillion-dollar grant from the Gates Foundation to advance health equity by improving access to timely, high-quality diagnostics for some of the world’s most preventable infectious diseases.
The grant will enable Qure.ai to develop a large, open-source, multi-modal global health database aimed at accelerating innovation in disease prevention and early detection. The initiative will support WHO-aligned lung health diagnostic pathways and incorporate non-identifiable clinical histories, medical imaging data—including Chest X-rays, Thoracic Ultrasound, and High-Resolution CT scans—as well as cough and lung sound recordings, and laboratory or biological markers. This comprehensive dataset will empower researchers and innovators worldwide to develop, validate, and refine next-generation AI models for global health impact.
As part of the initiative, Qure.ai will also develop AI-enabled point-of-care ultrasound (POCUS) algorithms to support the early detection of tuberculosis (TB) and pneumonia, two of the world’s deadliest yet preventable and treatable infectious diseases, particularly in under-resourced regions. TB claims approximately 1.23 million lives annually, while pneumonia causes nearly 2 million deaths each year, including 700,000 children under the age of five—despite both diseases being curable when diagnosed early.
Commenting on the development, Prashant Warier, Founder and CEO, Qure.ai, said,
“In our bid to reach the unreachable, we have spent the last decade deploying AI-enabled X-ray solutions in some of the most remote regions of the world—from sub-Saharan Africa to the heights of Everest and rural Southeast Asia—transforming TB detection and diagnosis. This work has reduced diagnosis timelines from 14 days to just 1–2 days, often without a clinician present. With this grant from the Gates Foundation, we are excited to build on this expertise and scale our impact to reach even more communities.”
Dr. Shibu Vijayan, Chief Medical Officer – Global Health, Qure.ai, added,
“By leveraging the latest advancements in digital health and artificial intelligence, Qure.ai is addressing healthcare’s blind spots—bringing high-quality diagnostics within reach of every clinic, health worker, and child, regardless of geography.”
Highlighting the urgency of the initiative, Dr. Justy Antony Chiramal, Project Lead and Clinical Director, Global Health Innovation, Qure.ai, said,
“This grant allows us to build on years of continuous innovation in public health and push the boundaries of what AI can do for global health. By bringing together tuberculosis, pneumonia, and broader lung health priorities—especially for children in low- and middle-income countries—we are addressing an urgent need. A child dies of pneumonia every 43 seconds, a loss that is both unacceptable and preventable, underscoring the critical need for better diagnostics and equitable access to care.”
Qure.ai is a global digital health leader with deployments across 105+ countries and over 4,800 healthcare sites worldwide, supporting the detection and management of tuberculosis, lung cancer, and neurocritical conditions such as stroke through AI-powered solutions.
23, Jan 2026
Bain Capital-backed Novopor Advanced Science acquires FAR Chemical; Expands US footprint
Novopor Advanced Science expands US footprint with acquisition of FAR Chemical; Strengthens global specialty chemicals platform
Hyderabad & Palm Bay, Jan 23: Novopor Advanced Science Private Limited, a Bain Capital portfolio company and global performance chemicals and material science CDMO, today announced its acquisition of FAR Chemical, a US-based leader in custom and complex specialty chemical manufacturing focused on Electronics, Aerospace & Defense, Coatings & Adhesives and other Specialty Chemicals, from its US parent CPS Performance Materials Group.
The acquisition of FAR Chemical is a key milestone in Novopor’s strategy to build an integrated specialty chemical platform that delivers end-to-end solutions to customers ranging from early-stage process development to commercial scale manufacturing. Integrating FAR Chemical’s deep expertise in complex chemistries and attractive end markets complements Novopor’s existing capabilities and expands its US presence.
“FAR Chemical’s deep expertise in differentiated, complex chemistries and long track record of working with global performance chemical and material science companies make it a strategic fit with Novopor’s mission to drive innovation and deliver custom solutions. This acquisition enhances our ability to support a broader range of chemistries, accelerate time-to-market for new products, and strengthen our presence in key high-growth markets,” said Radhesh Welling, MD of Novopor Advanced Science Private Limited.
“FAR Chemical is a respected operator with a proven track record in complex specialty chemical manufacturing. The combination of FAR Chemical with Novopor strengthens the platform’s technical depth, geographic reach, and ability to support customers across the full product lifecycle. This investment underlines our continued commitment to building market-leading businesses through strategic acquisitions and operational excellence,” said Saahil Bhatia, Partner of Bain Capital.
“FAR Chemical and CPS Performance Materials have established a differentiated platform grounded in deep technical expertise, an uncompromising commitment to safety, and a strong track record of delivering innovative solutions for customers with unique and challenging development needs,” said Justin O’Connor, President of FAR Chemical. “This partnership strengthens our ability to invest in advanced capabilities while maintaining the highest standards of safety and operational discipline and enhances our ability to support customers seamlessly from development through commercial-scale manufacturing. We are proud to join Novopor in building a platform defined by technical excellence, a safety-first culture, and an unwavering commitment to our customers.”
Novopor Advanced Science, backed by Bain Capital, has been executing a strategy of targeted investments and acquisitions to expand its global footprint and technical portfolio. In 2025, Novopor acquired Pressure Chemical Company, a Pittsburgh-based specialty chemical and high-pressure chemistry expert, broadening its development-to-manufacturing capabilities and reinforcing its presence in the US market. Additionally, Novopor inaugurated a state-of-the-art Pilot Plant Facility in Visakhapatnam, designed to bridge early-stage R&D with commercial-scale production and accelerate innovation across agrochemicals, performance materials, and specialty chemicals.
KPMG served as financial advisors, Alvarez & Marsal served as technical advisors, and Honigman LLP, Khaitan & Co and Clifford Chance LLP served as legal advisors to Novopor. Raymond James, Forvis Mazars and Thompson Hine LLP served as advisors to FAR Chemical.
