13, Feb 2026
Ingersoll Rand India Reports Strong Q3 FY 2025-26 Performance Driven by Robust Demand Across Industrial Sectors
Gurugram, Feb 13: Ingersoll Rand (India) Limited, a leading provider of compressed air solutions in India, today announced its financial results for the third quarter of financial year 2025-26, reporting resilient performance and sustained demand across industrial and commercial markets.
For the quarter ending Q3 FY 2025-26, the company reported revenue from operations of INR 455.58 crores, supported by strong performance across its compressed air portfolio. PBT before exceptional items for the said quarter stood at INR 121.67 crores, reflecting disciplined execution, cost management, and continued investment in innovation.
Consolidated financial highlights for Ingersoll Rand – Q3 FY2025-26
(Rupees in Crores)
| Financial Highlights | Q3FY2025-26 | Q-o-Q
% change |
YTD Q3 FY 2025-26 | Y-o-Y
% change |
| Revenue from operations | 455.48 | 19% | 1092.74 | 8% |
| Total Income | 466.98 | 20% | 1122.77 | 8% |
| Total Expenses | 345.31 | 22% | 840.69 | 9% |
| PBT (before exception item) | 121.67 | 15% | 282.08 | 4% |
| PAT | 71.89 | -7% | 191.22 | -4% |
Note: PBT is before exceptional expense of Rs. 26.58 crores towards incremental expenses arising from new labour codes.
Commenting on the results, Mr. Sunil Khanduja, Managing Director, Ingersoll –Rand (India) Limited, said, “During the quarter, the company delivered strong momentum across its compressed air portfolio, supported by its highest-ever production of large centrifugal compressors, air treatment products and strong adoption of its new E series oil-free rotary compressors.
Tough tariff conditions in the market were effectively mitigated through our strategic initiatives, enabling us to expand our business in India. High order intake for the quarter was driven by the growing demand for energy‑efficient compressed air systems, customized solutions for complex industrial applications, and long‑standing customer partnerships across key sectors. Our Services portfolio also continued to gain traction, supported by a growing installed base, and increased aftermarket demand for reliable solutions.
Ingersoll Rand (India) Limited is advancing its innovation roadmap with a clear focus on oil‑free low‑pressure solutions for power and infrastructure, while scaling contact‑cooled rotary technologies to meet the needs of the rapidly expanding Tier‑2 industrial market. Key strategic priorities include accelerating OEM and rental growth, expanding diversified oil‑free platforms, strengthening the distributor network, driving AGS localization, and positioning India as a strategic global hub for manufacturing and engineering.
Operational efficiency remained strong, supported by disciplined execution, effective people management, agile and resilient supply chain practices, supplier optimization, and strict control over discretionary expenses, enabling scalable growth while maintaining productivity and delivery commitments.”
Growth Roadmap and Strategic Investments
A key milestone in the company’s growth journey is the launch of a new manufacturing facility in Sanand, Gujarat. The facility is equipped to design and manufacture engineered-to-order centrifugal compressors, dryers, gas compressors, reciprocating compressors, nitrogen generators to meet complex customer requirements across industries.
The company aims to achieve over 90% localization of rotary screw compressors in India within the next year through continued investments in manufacturing and operational excellence. The company will continue to focus on energy-efficient technologies, digital monitoring, lifecycle services, and expansion in high-growth markets through partnerships and selective acquisitions.
Strategic Business Highlights – Q3 FY2025-26
Demand and Market Momentum
- Strong demand from thermal power, renewable energy (solar), semiconductors & electronics, and steel sectors
- These sectors continue to be among the fastest-growing industrial segments in India
Product and Technology Wins
- Increasing market adoption of the newly developed oil‑free rotary E‑Series high‑pressure compressor technology.
- Growing market acceptance of energy-efficient and contamination-free compressed air technologies
Operational Excellence
- Effective FX and currency impact mitigation
- Strong people management and supply chain agility
- Strict control over discretionary expenses
- Manufacturing output scaled up by 1.5x, supported by the commissioning of the Sanand facility
Innovation and strategic priorities
“We are building a future-ready organization,” Sunil Khanduja added. “With a strong portfolio, a clear strategic roadmap, and the launch of our mega manufacturing facility in Sanand, Gujarat—designed to build large and highly customised compressed air machines—we see a compelling opportunity to double our growth over the next few years.
Our Q3 FY 2025-26 performance underscores the strength of our compressed air business and the trust our customers place in our solutions. Achieving record centrifugal output, expanding oil-free rotary adoption, and commissioning our Sanand facility reflect our strong execution and commitment to supporting India’s industrial growth with speed, reliability, and sustainability.”
Sustainability and Manufacturing Initiatives
The company continues to advance its sustainability agenda through energy-efficient manufacturing practices, and next-generation compressed air technologies, aligned with its broader ESG commitments and long-term sustainability goals.
In India, the company aims to play a larger role in supporting industrial growth by increasing localisation, shortening delivery timelines, and offering tailored solutions backed by global expertise and local execution.
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- By Neel Achary
13, Feb 2026
Visionary Achievers Awards and Vysya Achievers Awards announce ownership change
Hyderabad, Feb 13: Visionary Achievers Awards and Vysya Achievers Awards – VAA today formally announced that, with immediate effect, Team VAA has separated from Shri Raju Madipadige, who was previously associated as one of the founding directors of the organization. The complete ownership of Visionary Achievers Awards and Vysya Achievers Awards — VAA including its name, logo, intellectual property, Visionary Achievers Alliance, and all associated rights, activities, and operational matters — now rests exclusively and solely with the following ten Directors mentioned below:
Naresh Meda, Dr. Neelima, Dr. Kalyani Guduguntla, Sivakumar Pabbiseti, Sunil Mathamsetty, Anand Vuppugandla, Santosh Chegu, Dr. Jagannath Jaina, Satish Yelgoe and Anup Kumar Yama
VAA in an official statement clarified that the above-mentioned ten Directors collectively constitute the entire governing body and ownership of VAA. The statement also mentioned that any unauthorized usage of Visionary Achievers Awards and Vysya Achievers Awards related logos is considered a serious offense and can lead to criminal penalties. There is no Chairman or any higher authority above this governing group. All decisions relating to the organization shall be taken collectively by this governing body.
Furthermore, Vysya Achievers Awards and Visionary Achievers Awards – (VAA) and the present governing body categorically state that they have no connection, responsibility, or association with any commitments, undertaken by Shri Raju Madipadige, whether in the past or in the future, in the name of VAA. This media statement was issued in the interest of public clarity, stakeholder awareness, and organizational transparency.
13, Feb 2026
Senior Citizens Aged 60–80 Celebrate Life Through Music with ‘Humming Birds’
Mumbai | Feb 13: Age is no barrier when the heart still beats to music. Proving this with grace, enthusiasm, and timeless melodies, Humming Birds a vibrant singing group of senior citizens are set to present a soulful musical evening titled “Dil Chahta Hai” in Mumbai. The group brings together senior citizens ranging in age from 60 to 80 years, united by a shared love for music. The musical evening will be held at Mysore Association Hall, King Circle, Matunga, on 20 February.
Formed by elderly music lovers who have carried their passion for singing across decades, Humming Birds is a celebration of active ageing, creativity, and companionship. Their performances are rooted in nostalgia, yet alive with energy bringing to the stage classic Hindi film songs that continue to resonate across generations.
The evening will feature heartfelt performances by members including Kishor Parulekar, Subodh Ekbote, Pravin Doshi, Suman Gokarn, Rajesh Rane, Jaanvika, Manoj shirsagar, Harsha Mehta and others each lending their voice and lived experience to a thoughtfully curated repertoire.
The repertoire includes timeless favourites originally penned by legendary lyricists such as Sahir Ludhianvi, Gulzar, Anand Bakshi, and Majrooh Sultanpuri, and composed by musical greats like Khayyam, Kalyanji Anandji, Rahul Dev Burman, A.R. Rahman, and Shankar Jaikishan.
Audiences can look forward to evergreen songs such as “Kabhi Kabhi Mere Dil Mein,” “Pal Bhar Thehar Jaao,” “Tere Mere Milan Ki Yeh Raina,” “Kahin Door Jab Din Dhal Jaye,” “Salame Ishq Meri Jaan,” “Mere Mehboob Na Ja,” and “Abhi Na Jao Chhod Kar.” These melodies, reimagined by Humming Birds, promise to evoke deep nostalgia and strike an instant emotional chord with listeners.
Sharing his thoughts, Retired Engineer Pravin Doshi (80), one of the senior members of Humming Birds, said, “Music has been my lifelong companion. At 80, when many believe life should slow down, singing gives me renewed energy and purpose. ‘Humming Birds’ is not just a group it is a family that reminds us every day that passion has no age. When we sing these timeless songs, we relive memories, friendships, and moments that shaped our lives. ‘Dil Chahta Hai’ is our way of telling the world that the heart never grows old.”
Speaking about his performance on Kabhie Kabhie, Subodh Ekbote (65), an interior designer by profession and a member of the group, added, “Performing ‘Kabhi Kabhi Mere Dil Mein’ is deeply personal for me. This song has lived with me for decades its poetry, its silences, and its emotions only grow deeper with time. Presenting it with dialogues makes the experience even more powerful, almost like revisiting moments from our own lives. Mukesh’s voice, Sahir Ludhianvi’s words, and Khayyam’s music together remind us that some songs don’t age they mature, just like us.”
At a time when ageing is often associated with slowing down, Humming Birds offers a refreshing and inspiring narrative where creativity continues to thrive, friendships deepen, and passion finds new expression. “Dil Chahta Hai” is more than a musical evening; it is a heartfelt ode to life, memories, and melodies that never fade.
Mumbai audiences can look forward to an evening filled with warmth, nostalgia, and music sung straight from the heart.
12, Feb 2026
Gartner Warns Misconfigured AI Could Shut Down National Critical Infrastructure by 2028
STAMFORD, Feb 12: Gartner, Inc., a leading business and technology insights company, today warned that misconfigured AI in cyber-physical systems (CPS) could trigger shutdowns of national critical infrastructure in a G20 country by 2028.
CPS includes operational technology (OT), industrial control systems (ICS), industrial automation systems, IIoT devices, robots, drones, and other AI-powered systems interacting with the physical world. Gartner highlights that even well-intentioned engineers, flawed updates, or minor configuration errors can result in large-scale service disruptions, posing risks to public safety and economic stability.
“The next major infrastructure failure may not come from hackers or natural disasters, but from AI misconfigurations,” said Wam Voster, VP Analyst at Gartner. “Implementing secure ‘kill-switches’ or override modes, accessible only to authorized operators, is essential to safeguard critical systems.”
Gartner notes that misconfigured AI can autonomously misinterpret sensor data or trigger unsafe actions, potentially impacting key services such as power grids, manufacturing plants, and transport networks. With AI models increasingly opaque, human intervention remains essential.
Gartner recommends key measures for mitigating AI-related risks in critical infrastructure:
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Safe Override Modes: Secure human-accessible controls to retain ultimate authority over autonomous systems.
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Digital Twins: Test configuration changes in virtual replicas before deployment.
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Real-Time Monitoring: Continuous observation and rollback mechanisms for AI updates, supported by national AI incident response teams.
Gartner clients can explore these insights in Predicts 2026: Emergent Critical Risks of AI in CPS Security, and learn infrastructure modernization strategies via the complimentary Modern Infrastructure: Built for Tomorrow’s Business Demands roadmap.
Gartner continues to provide independent AI research and guidance for C-level executives, helping organizations safely leverage AI to achieve mission-critical priorities.
12, Feb 2026
Indigrid Raises INR 40 Cr to Scale Electronics Manufacturing in India
Indigrid Technology Raises INR 40 Crore in Additional Funding to Close Extended Series A Round at INR 75 Crore and Scale Integrated Electronics Manufacturing in India
GURUGRAM, Feb 12: Indigrid Technology Private Limited, India’s leading integrated electronics manufacturing company operating across EMS, ESDM, and ODM services, has raised INR 40 crore in additional funding to close its extended Series A round at INR 75 crore. The round was led by Cactus Partners, which played a key role in the company’s growth and subsequent capital raise from Valour Capital, with participation from ITI Growth Opportunities Fund, Vimson group, and Global South Capital.
The funding comes amid accelerating demand for localised electronics manufacturing in India, driven by global supply chain realignment and rising domestic demand across automotive, consumer, and industrial electronics. Indigrid plans to deploy the capital to scale capacity across its recently commissioned manufacturing facilities, deepen technology and process capabilities, and evaluate strategic acquisitions to expand its footprint across key electronics segments.
“We are excited to welcome Valour, Vimson group, ITI Growth, and Global South Capital on board. This investment endorses our vision and provides the strategic capital needed to accelerate our ambitious expansion plans in high-growth electronics verticals. Earlier investments from Cactus Partners provided us a strong base and knowledge for growing into a large business, and this new investment will further strengthen our footing in the domain,” said Rishab Puri and Sameer Narang, Co-Founders of Indigrid Technology.
Over the past few years, Indigrid has built an integrated manufacturing platform serving over 35 marquee customers, combining design, engineering, testing, and large-scale production under one umbrella. The company currently operates three advanced manufacturing facilities across Manesar and Goa and has steadily expanded its capabilities to support OEMs and global customers seeking reliable, compliant, and scalable manufacturing partners in India.
Commenting on the fundraise, Karan Goshar, Managing Partner of Valour Capital said,
“Indigrid Technology is building critical capabilities for India’s industrial resilience and their integrated model is a strong platform for the ‘China-plus-one’ shift” and Mohit Gulati, Managing General Partner ITI Growth Opportunities Fund said “Indigrid’s technology focus in high growth electronics sector gels well with our investment thesis” while Mragank Jain, Managing Partner, Global South Capital, said, “Indigrid’s remarkable growth places it perfectly to capture the manufacturing localisation opportunity, and we will support the company in its global expansion and M&A.”
“From our earliest conversations with the Indigrid team, we saw their capabilities and potential to build a scaled, integrated manufacturing platform. Over the past few years, we have worked alongside the team to sharpen execution and governance, and this follow-on raise is a strong validation of the platform they have built and the long-term opportunity ahead,” added Rajeev Kalambi, General Partner, Cactus Partners.
This additional investment builds on the strong foundation created with Cactus Partners’ early backing and hands-on guidance, which supported Indigrid’s initial scale-up and operational strengthening. With the closing of its Series A round, Indigrid is entering its next phase of growth, focused on capacity expansion, automation, and strengthening its position as a full-stack electronics manufacturing partner.
12, Feb 2026
Amagi Media Labs Reports 30 Percent Revenue Growth, PAT Turns Positive in Q3 FY26
Mumbai, Feb 12: Amagi Media Labs Limited, a cloud-native SaaS platform providing AI-enabled solutions to global media and entertainment companies, today announced its financial results for Q3 FY26 and the nine months ended December 31, 2025, demonstrating robust growth and profitability.
Key Highlights:
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9M FY26 Performance: Revenue increased 30% year-on-year to ₹1,109 Cr; Adjusted EBITDA rose over 10x to ₹116 Cr; PAT turned positive at ₹37 Cr, driven by operating leverage and cost discipline.
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Q3 FY26 Update: Revenue grew 22% YoY to ₹404 Cr, with Adjusted EBITDA of ₹58 Cr and PAT of ₹31 Cr, reflecting strong execution and seasonal monetization strength.
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Liquidity Position: Cash and bank balances totaled ₹803.4 Cr as of December 31, 2025, providing ample liquidity for ongoing operations and planned investments.
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Strategic Focus: Continued investments in core platform and AI-enabled capabilities to support scaling and deeper customer integration.
Commenting on the results, Baskar Subramanian, Managing Director & CEO, said:
“We delivered a strong quarter, with 22% revenue growth and meaningful profitability expansion. Our platform, connecting content providers, distributors, and advertisers, continues to strengthen, and operating leverage is translating into improved Adjusted EBITDA and PAT performance.
Looking ahead, we remain focused on deepening customer integration, investing in AI-enabled capabilities through Amagi Intelligence, and maintaining capital discipline. The investments we are making today are designed for long-term growth and sustainability, beyond just the next quarter.”*
Amagi continues to leverage its AI-powered solutions to support global media and entertainment companies, delivering scalable and data-driven monetization opportunities while building a robust platform for the future.
12, Feb 2026
Akums Drugs & Pharmaceuticals Skills Acid Attack Survivors at Haridwar Facility
Haridwar, Feb 12: Akums Drugs & Pharmaceuticals, India’s leading contract development and manufacturing organization (CDMO), recently engaged with acid attack survivors at its Haridwar facility to build workplace skills and professional readiness, in collaboration with the Chhanv Foundation. The engagement took place over three days and focused on strengthening confidence and preparing participants for professional environments.
Planned with care and sensitivity, the three-day engagement focused on building practical capabilities. Participants took part in guided sessions on workplace etiquette, personal grooming, communication skills, interview preparation and basic digital tools. They were also introduced to real corporate and industrial environments through plant walkthroughs and interactions with teams across the facility, helping them gain a clearer understanding of professional settings and expectations.
Informal conversations with Akums’ leadership and employees created a warm and supportive atmosphere, encouraging openness and helping participants feel at ease as they prepared for future work opportunities. The engagement closed with a focused discussion on employability readiness and a formal acknowledgement of participation, reinforcing the importance of continued learning and self-belief.
Speaking on the engagement, Arushi Jain, Director, Akums Drugs & Pharmaceuticals, said,
“At Akums, we believe that meaningful inclusion begins with sharing skills and opening doors to real workplaces. This was about helping participants rebuild confidence and see themselves as professionals again. Working closely with the Chhanv Foundation allowed us to create an experience that respected individual journeys while staying closely aligned with the realities of the workplace. We hope this time here strengthens both capability and belief in what lies ahead.”
The Chhanv Foundation has been at the forefront of supporting acid attack survivors across India, working to restore dignity, confidence and independence through rehabilitation, education and livelihood-focused initiatives. Known for its survivor-centric approach, the Foundation goes beyond immediate care to enable long-term social and economic reintegration.
Mr. Alok Dixit, from the Chhanv Foundation, said,
“Rebuilding life after trauma is about more than healing — it is about regaining confidence, independence and a professional identity. Experiences like this give survivors the chance to step back into the world of work with clarity and dignity. We are grateful to Akums for creating a respectful space where learning felt natural and encouraging.”
For many participants, the experience marked an important turning point. One survivor shared,
“Before coming here, I was nervous about entering a workplace again. But everyone treated us with so much kindness and respect. It helped me believe that I can work, grow and support myself with confidence.”
Another participant said,
“Learning how to communicate better and prepare for interviews has changed how I see my future. I am leaving with new skills and the feeling that I still have many possibilities ahead.”
The collaboration with the Chhanv Foundation ensured that the engagement remained survivor-focused and grounded in practical workplace readiness. Through efforts like this, Akums continues to combine its leadership in healthcare manufacturing with a sustained commitment to building skills, inclusion and long-term opportunity.
12, Feb 2026
Pooja Katurde Stays Fit to Perfectly Portray Police Officer in Pushpa Impossible
“I keep it simple with regular workouts, staying active, and clean eating to do justice to my role as a police officer in the show” says Pooja Katurde of Sony SAB’s Pushpa Impossible
Sony SAB’s Pushpa Impossible is winning hearts with its inspiring storytelling and relatable characters. The show beautifully captures the everyday triumphs and challenges of its lead protagonist, Pushpa (Karuna Pandey), making it one of television’s most loved family entertainers. As Pushpa Impossible enters one of its most intense weeks yet, Pooja Katurde’s portrayal of the sharp, no-nonsense police officer and Pushpa’s daughter in law, stands out with striking authenticity.
Pooja Katurde says staying fit is not just about looking the part, but about truly feeling like her character. With intense investigation sequences, physical fitness helps her stay alert and maintain physical stamina and discipline. The actor believes that fitness is essential to her preparation to convincingly portray a uniformed officer and to bring authenticity to her character. For Pooja, fitness has become an important part of understanding her character’s strength and discipline.
Speaking about the experience, Pooja Katurde shares,
“Wearing the uniform itself puts you in a very different mindset. It automatically demands strength, confidence, and alertness. I knew that to play a police officer, I must stay fit and maintain a certain physique because the role demands it. What the audience sees on screen is a flawless and confident presence, but behind the scenes, I put in immense effort to maintain that for the role. I’m not someone who believes in extreme workouts so I keep it simple with regular workouts, staying active, and clean eating to do justice to my role as a police officer in the show. When your body feels strong, it reflects on screen without you trying too hard.”
12, Feb 2026
Housing Sales in 15 Tier-2 Cities Dip 10 Percent in 2025; Launches Decline 6 percent : PropEquity
Feb 12: Housing sales across the top 15 tier-2 cities declined 10% year-on-year (YoY) in 2025 to 1,56,181 units, even as the overall sales value remained flat at ₹1.48 lakh crore, according to NSE-listed real estate data analytics firm PropEquity.
The moderation in volumes reflects rising housing prices and increasing premiumisation across tier-2 markets. Except for Mohali and Lucknow, which recorded growth of 34% and 6% YoY respectively, the remaining 13 cities witnessed declines of up to 38%, with Visakhapatnam registering the steepest fall.
A clear shift toward high-ticket housing was observed during the year. Sales of homes priced under ₹1 crore declined 15% YoY in 2025, with their share dropping to 72% from 77% in 2024. In contrast, homes priced above ₹1 crore saw a 9% increase in sales, with their share rising to 28% from 23% a year earlier.
In absolute terms, the four Gujarat cities—Ahmedabad, Gandhinagar, Vadodara and Surat—accounted for 63% of total sales across the top 15 tier-2 cities. Ahmedabad alone contributed 33% of total sales, with 51,148 units sold in 2025. Beginning 2026, Ahmedabad can be regarded as a tier-1 city, having surpassed several established tier-1 markets in both housing launches and absorption, reflecting its scale of development and depth of demand.
City-wise, Ahmedabad saw sales decline 8% to 51,148 units in 2025 from 55,315 units in 2024. Surat fell 15% to 19,835 units, while Vadodara dropped 19% to 13,798 units. Gandhinagar witnessed a marginal 1% decline to 13,710 units. Nashik recorded a 10% drop to 11,188 units, Jaipur declined 5% to 9,758 units, and Nagpur fell 18% to 6,260 units. Bhubaneshwar registered a 25% decline to 4,885 units, while Visakhapatnam saw the sharpest fall of 38% to 2,406 units. Kochi declined 17% to 2,214 units, Coimbatore fell 4% to 3,702 units, and Bhopal dropped 5% to 3,599 units. Goa remained largely stable at 3,507 units.
Commenting on the findings, Samir Jasuja, Founder & CEO of PropEquity, said,
“The slowdown in housing sales over the past two years is largely due to a shrinking supply of homes priced below ₹1 crore—a segment that has traditionally driven demand in tier-2 cities. Rising land and construction costs, along with changing buyer aspirations, are pushing new launches into higher price brackets. As a result, tier-2 markets are increasingly mirroring tier-1 cities, where volumes are declining even as prices continue to rise.”
He added, “Government focus on tier-2 cities—through enhanced urban development, improved connectivity, and the creation of industrial corridors and manufacturing hubs—has driven sustained price appreciation. This has pushed even average housing units in many tier-2 markets beyond the ₹1 crore mark, leading to slower absorption. Going forward, this trend could be a cause for concern, as affordability pressures begin to impact not just premium segments but also affordable and mid-income housing in these cities.”
New Supply Declines 6% in 2025
New supply across the top 15 tier-2 cities declined 6% YoY to 1,36,243 units in 2025, down from 1,45,139 units in 2024. The contraction was visible across price segments, with supply of homes priced under ₹1 crore declining 5%, and those above ₹1 crore falling 8%.
Ahmedabad recorded a 3% rise in launches to 48,646 units, while Jaipur saw a 2% increase to 8,803 units. Mohali posted a sharp 108% jump to 8,606 units, and Bhopal registered a 66% rise to 3,312 units.
However, most other cities saw declines. Surat and Gandhinagar both fell 13% to 17,256 units and 12,829 units, respectively, while Vadodara declined 25% to 8,367 units. Nashik dropped 4% to 8,222 units and Nagpur fell 10% to 5,485 units. Lucknow witnessed a 43% decline to 2,884 units, Bhubaneshwar recorded the steepest fall of 57% to 2,840 units, and Visakhapatnam declined 53% to 1,155 units. Goa saw a marginal 2% dip to 2,749 units, Kochi fell 5% to 1,838 units, and Coimbatore declined 12% to 3,251 units.
The four Gujarat cities together accounted for 64% of total launches in 2025.
PropEquity noted that while tier-2 cities continue to benefit from infrastructure development and industrial expansion, moderation in both sales and supply signals a recalibration phase, with affordability and premiumisation emerging as key themes shaping demand dynamics in 2026.
12, Feb 2026
AION-Tech Solutions Strengthens Leadership with Appointment of Biju Mathews as President & CEO of AION-Tech Solutions
Hyderabad, Feb 12: AION-Tech Solutions Ltd. a publicly listed business intelligence and IT services company, today announced the appointment of Biju Mathews as President and Chief Executive Officer of AION-Tech Solutions. This appointment marks a strategic step toward accelerating organisational-led growth and strengthening long-term value creation.
Biju Mathews brings over 32 years of leadership experience across enterprise technology, analytics platforms, digital commerce, media, and EV mobility ecosystems. He has led organizations through growth inflection points, strategic resets, and business model transitions, building scalable, institution-driven enterprises. With a strong track record of stabilizing and scaling businesses operating under margin pressure and complex delivery environments, his expertise spans enterprise strategy, fundraising, partnerships, and operational transformation — including transitioning companies from services-led models to platform-driven, SaaS and analytics-based revenue streams, with a consistent focus on value creation, capital efficiency, and predictable financial performance.
Commenting on the appointment, Chanakya Bellam, Director, AION-Tech Solutions, said,
“AION-Tech is entering a pivotal phase of evolution as we sharpen our focus on platform-led growth and long-term value creation. Biju brings clarity of vision, operational maturity, and the leadership depth required to steer the organization through this next chapter. The Board looks forward to working closely with him as we continue to strengthen our strategic positioning and execution focus”
Prior to joining AION-Tech, Biju served as Chief Executive Officer of ETO Motors Pvt. Ltd., where he played a pivotal role in positioning the company as a pioneer in clean mobility solutions. Under his leadership, ETO strengthened EV deployment capabilities, expanded fleet operations, and forged strategic partnerships that enhanced operating efficiency and long-term viability in a capital-intensive ecosystem.
Sharing his perspective on joining the company, Biju Mathews, President & CEO, AION-Tech Solutions, said,
“Technology and data are increasingly central to how enterprises make decisions, drive resilience, and create measurable impact. AION-Tech has a strong foundation and significant opportunity to scale its analytics and platform-led capabilities. I look forward to working closely with our teams and stakeholders to strengthen execution discipline, enhance delivery predictability, deepen client relationships, and build sustainable long-term value.”
Before ETO Motors, Biju spent over eight years in the online e-commerce sector with Abhibus, where he served as Chief Operating Officer (COO) and Chief Strategy Officer (CSO). He led business development, sales, marketing, and operations, working closely with the Board and senior leadership to scale the platform, strengthen execution discipline, expand service offerings, and institutionalize performance frameworks that supported sustainable growth in a competitive digital marketplace.
Earlier in his career, he spent nearly two decades in leadership roles at the Indian Express Mumbai Group, where he served as Vice President and was responsible for business and financial management of operating units, organizational restructuring, revenue strategy, and operating model transformation. His experience across both asset-light digital platforms and infrastructure-linked operating businesses provides a balanced perspective on scaling innovation while managing operational complexity and risk.
Known for his comprehensive and practical management style, strong boardroom presence, and focus on accountability-driven cultures, Biju has consistently guided organizations from founder-dependent structures toward institutionally robust, process-driven enterprises. His appointment signals AION-Tech’s commitment to strengthening governance maturity, enhancing execution clarity, and accelerating its transition toward scalable, platform-driven growth.
With this appointment, AION-Tech Solutions reinforces its commitment to disciplined expansion, digital transformation, and sustainable value creation.
