Author: Neel Achary

Hartek Ranks among 3 Solar EPC companies in India

Mumbai, 28th May 2025 – In a major industry recognition, Hartek Group, a leading name in India’s power and renewable energy sector, has been ranked among the Top 3 Large-Scale Solar EPC Companies for Calendar Year 2024 by the prestigious Mercom India Market Leaderboard.

Hartek has also been recognized as the Top 10 Rooftop solar EPC companies for Calendar Year 2024 as per Mercom’s latest report. With over 10 GW of solar power successfully connected to the grid, Hartek’s solar EPC land-based business unit continues to make a meaningful contribution towards achieving the nation’s renewable energy targets and building a sustainable, energy-secure future.

This marks the 3rd consecutive year that Hartek has earned a spot on Mercom India’s leaderboard, reinforcing its consistent performance, execution excellence, and deep-rooted commitment to India’s energy transition.

“This recognition from Mercom India is a proud moment for all of us at Hartek. It validates our consistent efforts and innovative approach in delivering reliable solar EPC solutions. As we continue to scale, our focus remains on empowering India’s energy landscape through clean and efficient power infrastructure,” said Simarpreet Singh, Executive Director & CEO, Hartek Group.

Hartek Group supports India’s green energy goals through a diversified portfolio and strong execution. It operates across three key verticals: Power Systems, Renewables, and Power Distribution Products.

The Power Systems division focuses on building turnkey substations and grid infrastructure up to 765 kV, strengthening the transmission network. Meanwhile, in Renewables, Hartek delivers rooftop and utility-scale solar projects across regions, driving clean energy adoption. The Power Distribution Products division manufactures advanced electrical solutions such as compact substations and control & relay panels, ensuring reliable power delivery up to 33 kV.

The company has recently bagged a major ?117 crore project with Power Grid Corporation of India Limited which includes extending a 765 kV AIS substation and 400/2s20 kV substation work in Gujarat.

Sky Gold & Diamond Ltd. Q4FY25 PAT increases to Rs. 38.2 crore, up 180%

Mumbai, 28^th May, 2025: Sky Gold & Diamonds Limited (SGDL), a leading Mumbai-based jewellery company specializing in the design, manufacturing, and marketing of gold jewellery, has announced its audited financial results for the quarter & year ended 31st March 2025 (Q4FY25). Established in 2008, Sky Gold has pioneered the gold manufacturing sector in India.

Q4FY25 Consolidated Financial Performance Snapshots (Q-o-Q):

• Profit After Tax (PAT): INR 38.2 crores, as against INR 13.6 crores in Q4FY25, a growth of 180%
• Revenue from Operations: INR 1,058 crores, up from INR 513 crores in Q4FY25, marking a growth of 106%
• EBITDA: INR 63.0 crores, compared to INR 25.3 crores in Q4FY25, registering a growth of 149%

FY25 Consolidated Financial Performance Snapshots (Y-o-Y):

• Profit After Tax (PAT): INR 132.66 crores, as against INR 40.52 crores, a growth of 227%
• Revenue from Operations: INR 3,548.02 crores, up from INR 1,745.48 crores, marking a growth of 103%
• EBITDA: INR 196.37 crores, compared to INR 77.25 crores, registering a growth of 154%

Key Financial Highlights (Consolidated):

Operational Highlights:

• Strengthening exports to the Middle East with strategic expansion plans, particularly in Dubai and UAE.
• Secured a recurring export order of 200 kg per month from a leading international jewellery client.
• Acquisition of M/s Ganna N Gold Pvt. Ltd. to diversify into new product category i.e Italian Lightweight Bangles.
• Acquisition of a 10,500 sq. meter land parcel near proposed Jewellery Park at Mahape for building a 540,000 sq. ft. state-of-the-art manufacturing facility, thereby boosting monthly capacity to 4.5 tons on fully completed basis
• Onboarded key senior professionals to drive finance, sales, production, and operational efficiency
• ROCE increased to 30% for FY25 vs 27% in FY24.

Commenting on the Results, Mr. Mangesh Chauhan, Managing Director and Chief Financial Officer, said:

“We are pleased to report a robust financial performance for FY25, delivering our highest-ever PAT and revenues, and operating profit with revenue doubling year-on-year to INR 3,548 crores and PAT growing to INR 133 crores. This surpasses our revenue & profitability guidance provided earlier.

This momentum reflects our continued focus on corporate client acquisition, operational efficiencies and strategic investments. Our exports increased significantly to 8.3% of FY25 revenues. Further, we plan to widen our customer base in the Middle East market once our new subsidiary becomes operational during this financial year. We have also diversified our product portfolio through the acquisition of Ganna N Gold Pvt. Ltd., allowing us to enter the Italian Lightweight Bangles segment.

We are witnessing a shift in customer preferences towards lower caretages, yet sales volumes have remained intact, underscoring the resilience of our demand. In line with our growth vision, we aim to double our sales to Rs 7600 crore over the next two years.

One of our most significant milestones this quarter was the acquisition of a 10,500 sq. meter land parcel for a proposed state-of-the-art, 540,000 sq. ft. manufacturing facility. This facility is expected to consolidate all our jewellery manufacturing operations under one roof and scale our monthly production capacity to approximately 4.5 tons.

These developments are aligned with our ambition of becoming India’s leading B2B gold jewellery manufacturer. With an experienced leadership team now in place, we are confident of sustaining this growth trajectory and achieving our FY27 revenue guidance of INR 7,600 crores.”

Strategic Growth Initiatives:

Sky Gold remains committed to:

• Becoming a leading B2B jewellery manufacturing hub in India
• Expanding presence in key global markets
• Driving innovation in design, lightweight jewellery, and studded segments
• Achieving its revenue guidance of INR 7,600 crores by FY27

India’s Luxury Residential Picks for 2025: Where First-Time Buyers Are Thinking Big

Traditionally, first-time homebuyers have opted for affordable or entry-level properties. But that trend is shifting. Today, many buyers are skipping the starter home phase and entering the real estate market at the premium end. This change is driven by several factors — easier access to home loans, rising dual incomes, changing lifestyle aspirations, and a desire for better amenities and long-term value.

At the same time, developers across India are responding with high-quality, well-connected residential projects that offer not just luxury but convenience, security, and community living.

This list highlights six top-tier residential areas across key Indian cities — Noida, Bangalore, Hyderabad, and Mumbai — where first-time buyers are confidently investing in homes that promise both immediate comfort and strong future appreciation.

1. Sector 107, Noida

Sector 107 Noida offers premium connectivity via the Yamuna Expressway, DND Flyway, Noida-Greater Noida Expressway, and Kalindi Kunj Road. It connects residents to South Delhi, Central Delhi, and Greater Noida within minutes. Proximity to both Noida International Airport and IGI Airport further enhances its location value.
This sector is witnessing a steady rise in luxury developments. One of the most anticipated additions to this prime sector is Great Value Realty’s upcoming ultra-luxury housing project, which promises contemporary architecture, exclusive amenities, and thoughtfully designed green zones, further elevating Sector 107’s status as a top-tier destination for luxury living

2. Whitefield, Bangalore

 Whitefield is one of Bangalore’s most elite residential zones, now empowered with Metro access and surrounded by global tech parks, upscale malls, and international schools.
The area is a hotspot for premium high-rises and modern gated communities that offer smart home automation, lush landscape design, and extensive wellness amenities. Its seamless blend of connectivity, lifestyle, and infrastructure makes it ideal for luxury-first buyers in East Bangalore.
Noteworthy among the upcoming projects is Prestige Park Grove, a high-end township offering ultra-modern apartments and villas with smart features, open green cover, and an integrated lifestyle that caters to discerning urban professionals.

3. Gachibowli, Hyderabad

 Located near the Financial District and HITEC City, Gachibowli is Hyderabad’s new magnet for luxury living, with wide roads, fast metro access, and top educational institutions.
It is home to spacious apartments and premium gated communities that feature Italian marble flooring, modular kitchens, and high ceilings. The neighbourhood offers a refined living experience with lush gardens, clubhouses, and elevated amenities for first-time buyers aiming for excellence.
One of the key upcoming developments here is My Home Nishada, a luxury residential project featuring expansive 3 & 4 BHK apartments, top-notch security, wellness spaces, and resort-style amenities tailored for next-gen buyers looking for excellence and comfort.

4. Panvel, Navi Mumbai

 Panvel is transforming rapidly with upcoming mega projects like Navi Mumbai International Airport, the Mumbai Trans-Harbour Link, and Metro Line 1. It’s the next luxury destination in MMR.
The area boasts integrated townships, grand clubhouses, and landscaped promenades that cater to premium urban lifestyles. With future-ready infrastructure and excellent connectivity, Panvel presents a rare opportunity to own a luxury address at a smart entry point.
One of the most awaited projects in this region is Godrej Highlands at Godrej City, offering elevated living amidst nature with golf-course views, resort-style clubhouses, and wellness-centric design perfect for those seeking serenity without compromising on connectivity.

India’s luxury housing landscape is no longer reserved for seasoned investors or second-time buyers. With rising aspirations, better financing options, and the promise of long-term value, first-time buyers are boldly stepping into high-end residential markets.
Whether it’s the connectivity of Noida, the tech-driven appeal of Bangalore, the cosmopolitan vibe of Hyderabad, or the infrastructure boom in Navi Mumbai — these locations aren’t just places to live, but smart lifestyle investments. As cities evolve and demand grows, choosing luxury from the start may be the most future-forward decision today’s homebuyers can make.

Quarter Results of Royal Orchid Hotels Ltd

Bengaluru, May 28, 2025: Royal Orchid Hotels Ltd. (ROHL) India’s fast growing hospitality group with over 110+ hotels nationwide, announced its consolidated results for Year Ended  31^st March 2025 following the approval of its Board of Directors today.

KEY FINANCIAL HIGHLIGHTS (CONSOLIDATED)

Mr. Chander K. Baljee, Chairman & Managing Director said, “We’re thrilled to have delivered balanced portfolio growth across regions while introducing new travel experiences to our global patrons. The momentum in travel has continued and we have paid a lot of attention to what our customers have said and continue to strategically enhance and upgrade our assets and offerings, catering to the evolving needs of the Indian guest. With 30+ hotels signed across the country, and a growing pipeline, we are gearing up to cater to the diverse needs to travelers across segments. Our focus on return of capital is paramount, and we continue to measure that metric with a keen eye, while delivering increases in same store revenue across the portfolio. We look forward to continuing delivering sustainable growth as we continue with our strong expansion plans for the coming quarters.”

Mr. Arjun Baljee, President said, “Our asset-right model has enabled us to sign a record number of new deals, taking our pipeline to over 30+ properties, across segments and brands. The successful opening of 14 new Regenta hotels (963+keys) has further strengthened our presence in the midscale and value segment. We are diversifying our portfolio with new brands catering to different segments, and look forward to the opening of Iconiqa Hotel Mumbai International Airport, which is a category defining upscale lifestyle hotel in India” ROHL group operates over 90+ Regenta hotels across different categories of hotels, with Regenta becoming the vehicle of growth across the country. Regenta Rewards will form the umbrella loyalty platform bringing together the 110+ hotels across the group today, and the new hotels planned for the year.

Clodura.AI Launches CallPilot, A Built-In Sales Companion for Smarter, Faster Conversations

National, 28th, May, 2025: In a world where inboxes are cluttered and attention spans are short, Clodura.AI, a Gen-AI powered sales copilot platform, has announced the launch of CallPilot, a built-in voice calling feature designed to simplify and accelerate sales conversations. With this launch, Clodura.AI takes another major step toward offering a single, seamless interface where sales teams can research, connect, and close, without switching tabs or tools.

Traditionally, sales professionals have had to juggle multiple platforms for calling, note-taking, and follow-ups. This led to slower response times, scattered context, and missed opportunities. CallPilot eliminates this fragmentation by enabling users to place and manage calls to prospects in the US and Canada, directly from the Clodura.AI dashboard.

CallPilot enhances every step of the calling process, users can set up a virtual US number for local dialing, reach out to leads more easily, and revisit conversations through recordings stored securely for up to 30 days. Available under Clodura.AI’s Prospect Pro plan, it offers 100 calling minutes per user each month, with the flexibility to top up. Especially valuable for global sales teams, local virtual numbers improve the chances of calls being answered, while easy access to past call context helps maintain continuity in conversations.

The feature reduces back-and-forth emails, adds a personal touch to outreach, and accelerates the sales cycle. It allows sales teams to handle objections on the spot and improves overall conversion rates by making outreach more human, timely, and effective.

“With CallPilot, we’re bringing the human element back into outbound sales. It’s more than just a dialer, it’s a way for reps to build trust faster, close deals smarter, and never lose context in the process.” said Kapil Khangaonkar, Founder & CEO, Clodura.AI.

Clodura.AI’s API seamlessly integrates with leading sales and marketing tools like Salesforce, HubSpot, FreshSales, Zoho, and more. It brings powerful sales intelligence features such as Buyer Intent, Hiring Intent and Sales Triggers into the existing workflow. With access to over 600 million verified contacts, 50 million companies, and 125 million direct dials, Clodura.AI combines advanced intelligent, workflow automation, and real-time buyer signals into one unified platform. Adopted by industry leaders like Adobe, Avalara, Toshiba, HDFC Life, Axis Bank, Aviva, ICICI Prudential, Wipro, HCL and others.

CallPilot reflects Clodura.AI’s larger commitment to reducing complexity in sales and helping teams focus on what matters most, building relationships and closing deals.

GKB Opticals’ has launched Ray-Ban Meta AI Glasses across stores

GKB Opticals’, India’s leading premium eyewear retail chain, is proud to announce the nationwide launch of the revolutionary Ray-Ban Meta AI Glasses across GKB stores nationwide. This cutting-edge wearable technology, a collaboration between Ray-Ban and Meta, blends iconic style with advanced AI-driven functionality. This ground-breaking innovation is now available at GKB Opticals’.

The Ray-Ban Meta AI offers a hands-free, seamless experience, empowering users to capture photos and videos, listen to music, make calls, and interact with Meta AI directly from their eyewear. GKB Opticals is among the first retailers in India to bring this innovative product to discerning consumers.

On the launch, Priyanka Gupta, Director, GKB Opticals’ said – “We are thrilled to introduce the Ray-Ban Meta AI Glasses to the Indian market. This launch reflects our commitment to offering the latest in global eyewear innovation, merging technology with vision and providing our customers with unparalleled access to the future of smart living.”

Customers can now experience a live demo and purchase the Ray-Ban Meta collection at GKB Opticals stores nationwide. They’re available in Mumbai, Bengaluru, NCR, Kolkata, Chennai, Chandigarh, Jaipur, Hyderabad, Ahmedabad, Pune, and more cities.

Max Fashion Launches 9th Disney Collab with Lilo & Stitch Kids Fest Featuring Neha Dhupia

Bengaluru, 27, May, 2025: Building on its legacy as a pioneer in the Indian fashion landscape, Max Fashion launched the latest edition of Max Kids Festival in Bengaluru on 25th May 2025. Max’s long-running partnership with Disney gets a playful update this year with the addition of Stitch, creating a whimsical and imaginative space where fashion meets fun.

The event was kickstarted with much enthusiasm at Phoenix Mall Of Asia, Bengaluru, with celebrated doting mother and actress Neha Dhupia joining in to launch the Max x Disney Lilo & Stitch collection. The launch featured an adorable kids’ fashion show, where kid models strutted down the runway in vibrant pieces inspired by Stitch’s mischievous charm — setting the tone for a summer filled with colour and creativity.

Part of the celebration was the ‘Paint and Win’ competition which invited kids to unleash their imagination through art. Participants expressed their creativity by painting themed illustrations — with the most creative entries winning exclusive gratifications. This interactive activity will travel across 160+ stores, 14 cities, bringing smiles to families nationwide and cementing Max’s commitment to nurturing young talent.

Sumit Chandna, President & Deputy CEO of Max Fashion India, shared,
“At Max, our endeavour has always been to build meaningful experiences for families and kids. This year, our collaboration with Disney and the much-loved character Lilo & Stitch brings a whole new level of joy to the Max Kids Festival. Through initiatives like ‘Paint and Win’, we aim to provide a vibrant platform for children to express themselves, while continuing to lead in the kidswear category.”

With this being their 9th collaboration with Disney, Max Fashion further solidifies its reputation as a storytelling-driven brand that resonates across generations. Past successful collections have drawn from Disney favorites such as The Jungle Book, Disney Princesses, Star Wars, Avengers End Game and Guardians of the Galaxy.

The Max x Stitch collection is now available in 520+ Max stores across India and online at maxfashion.com. The range captures the bright spirit of Disney’s Lilo & Stitch through breezy prints, joyful colors, and playful details — bringing the energy of island adventures and childhood wonder to every wardrobe.

Fusion CX Limited files DRHP with SEBI to raise Rs. 1,000 crore

Chandigarh, May 27, 2025: Fusion CX Limited, a customer experience (CX) service provider, has filed the draft red herring prospectus (DRHP) with capital markets regulator SEBI to raise Rs. 1000 crore through an initial public offering (IPO).

According to the DRHP, the Initial Public Offering of the Kolkata-headquartered company consists of a Fresh Issue of equity shares aggregating up to Rs. 600 crore and an Offer for Sale of equity shares aggregating up to Rs. 400 crore. The OFS comprises stake sale by the Promoter Selling Shareholders, P N S Business Private Limited and Rasish Consultants Private Limited.

Fusion CX proposes to utilize proceeds of the fresh issue to the tune of Rs 292 crore for payment of debt, Rs 75 crore towards investment in step-down subsidiaries – Omind Technologies Inc and Omind Technologies Private Limited – for upgrading IT tools.

Additionally, funds will be used for pursuing inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.

Fusion CX is a customer experience (CX) service provider delivering high-end, complex, and integrated CX services across multiple channels including voice, email, chat, social media and message, and focused on key verticals such as telecom, high-tech growth and travel, BFSI, retail and healthcare.

Incorporated in 2004, Fusion CX blends deep domain expertise with a portfolio of proprietary AI tools to enable intelligent, multilingual, and omnichannel engagement at scale through a broad spectrum of generative AI-driven technologies that enhance customer engagement, operational efficiency, and digital transformation.

It has developed a multilingual global network with 40 delivery centers spread across 15 countries as on December 31, 2024. It’s client portfolio of 197 customers includes 22 Fortune 1000 companies and some of its key customers include DMEC Capital Services, Telaid, Achieve Collection, Ameriflex, Coastline, Ajio, Meesho, Call Core Media, Arvind Fashion, Propneu S.A., Leonardo Hotels, Insurance Express, K2 ClaimsServices Sentry Credit, and Traya.

On the financial front, Fusion CX reported revenue from operations of Rs. 991 crore and a profit after tax (PAT) of Rs. 36 crore for FY24, while its revenue for nine months ended FY25 (9MFY25) was Rs. 925 crore with a PAT of Rs. 47 crore..

Nuvama Wealth Management, IIFL Capital Services and Motilal Oswal Investment Advisors are the book running lead managers to the issue. The equity shares are proposed to be listed on BSE and NSE.

Snowman Logistics Reports 9.8% Annual Revenue Growth

Mumbai, 27th May 2025: Snowman Logistics announced its financial results for the quarter and financial year ended 31st March 2025.

For Q4 FY25, the Company recorded total revenue of ₹137.01 Crores, up from ₹126.54 Crores in the corresponding quarter of the previous year, reflecting a growth of 8%. Profit After Tax (PAT) for the quarter was ₹3.90 Crores as against ₹2.15 Crores. EBITDA stood at ₹24.38 Crores, compared to ₹29.86 Crores in Q4 FY24.

For the full financial year, revenue stood at ₹552.53 Crores, marking a 9.8% increase over ₹503.37 Crores in FY24. Annual EBITDA was ₹93.53 Crores (FY24: ₹108.32 Crores), and PAT was ₹5.69 Crores (FY24: ₹12.71 Crores).

Mr. Prem Kishan Dass Gupta, Chairman, Snowman Logistics Limited, said:

“The Company delivered strong revenue growth during the year, driven by continued expansion of its distribution business and the strategic shift towards a 5PL model. This performance was achieved despite a challenging market environment, marked by muted consumption trends across India. Additionally, the Company’s earnings were impacted following Amazon’s decision to shut down the fulfilment centre operation model in India, which led to the exit of dedicated warehousing operations previously provided to them. Our new projects at Kolkata and Krishnapatnam had faced some delays, and we expect our Kolkata facility to be operational any day now, with Krishnapatnam coming in the second quarter. In addition, we plan to continue expanding our network and are in the process of finalising new locations for cold storages as per requirement of both our existing & potential customers, for which the projects should commence in the second half of the year.”