6, Aug 2025
Algoquant Fintech Declares Record Date for Value-Enhancing Stock Split and Bonus Issue
Delhi , August 6, 2025
Algoquant Fintech Limited (BSE: 505725), a prominent player in the fintech industry, today announced that it has fixed Monday, August 18, 2025, as the Record Date for two major corporate actions: a sub-division (stock split) of its equity shares and the issuance of bonus shares to shareholders. These actions reflect the Company’s commitment to driving inclusive shareholder benefits, improving market participation, and reinforcing investor confidence.
In accordance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable legal provisions, the Board of Directors of the Company has approved the following corporate initiatives:
1. Sub-Division (Stock Split) of Equity Shares
Each existing equity share of ₹2/- (Rupees Two only) fully paid-up will be sub-divided into 2 (two) equity shares of ₹1/- (Rupees One only) each, fully paid-up. This step is aimed at increasing the liquidity of the Company’s shares in the stock market and making them more affordable for retail and small investors.
The stock split will result in a proportional increase in the number of shares held by shareholders without altering their overall value of investment. This is expected to boost trading activity, widen the shareholder base, and contribute to better price discovery and enhanced investor interest in the Company’s stock.
2. Issuance of Bonus Shares
In addition to the stock split, the Company has also approved the issuance of Bonus Shares in the ratio of 8:1, i.e., 8 (eight) new fully paid-up equity shares of ₹1/- each for every 1 (one) existing fully paid-up equity share of ₹1/- held by eligible shareholders on the Record Date.
The issuance of bonus shares is a clear reflection of the Company’s strong financial health, consistent performance, and robust reserves position. This step not only rewards existing shareholders but also serves as a signal of management’s confidence in the Company’s future growth trajectory.
Objectives and Expected Impact
The twin corporate actions are designed with a strategic objective to:
* Reward long-term shareholders with a significant increase in shareholding at no additional cost
* Increase accessibility for new investors by reducing the face value and market price per share
* Enhance liquidity in the equity shares of the Company
* Encourage wider participation in the Company’s equity, especially among retail and first-time investors
* Strengthen shareholder engagement and market perception
These decisions underscore the Company’s unwavering focus on delivering sustained shareholder value and fostering long-term wealth creation.
Management Commentary
Speaking on the announcement, Krishna Kumar Yadav, Company Secretary & Compliance Officer of Algoquant Fintech Limited , stated:
“This is a landmark moment for Algoquant Fintech Limited as we initiate steps that reflect both our financial strength and our desire to include more investors in our growth story. The stock split and bonus issue demonstrate our dedication to shareholder-friendly practices. We are confident that these measures will result in greater investor participation, enhanced stock visibility, and an overall strengthening of our presence in the capital markets.”
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- By Neel Achary
6, Aug 2025
Breaking Into Cybersecurity: Entry-Level Jobs and Career Paths
6th August 2025: Cybersecurity offers multiple entry paths for STEM professionals beyond computer science degrees. From security operations center analysts to security engineers, the field needs diverse skills including problem-solving, communication and technical analysis. Certifications and transferable experience from IT, networking or data analysis can lead to lucrative cybersecurity careers.
Cybercrime is booming, and so is the demand for cybersecurity expertise. In 2024 alone, malicious actors stole billions from companies worldwide, while millions of jobs protecting those companies went unfilled.
Part of the problem lies in perceptions and pathways. Many STEM professionals assume cybersecurity requires a computer science degree or elite hacking skills. In reality the field desperately needs analysts, communicators, auditors and problem-solvers from diverse backgrounds.
“Cybersecurity is evolving fast, but education and training haven’t kept up,” said IEEE Senior Member Vaibhav Tupe. “Many job listings demand years of experience, but few entry-level paths exist.”
The good news? There are multiple entry points into cybersecurity, and many technical skills transfer beautifully into security roles. Whether you’re coming from IT support, data analysis, network engineering or even fields like accounting or law, there’s likely a cybersecurity path that matches your background.
The SOC Path
One of the most accessible entry points into cybersecurity lies within security operations centers, or SOCs. These specialized facilities monitor and respond to cyber threats around the clock, offering a natural progression path that’s particularly welcoming to newcomers.
Tier one SOC analysts represent the most common entry-level positions in cybersecurity. These analysts respond to routine security alerts and escalate complex threats to more experienced colleagues. It’s ideal for beginners because companies expect to provide training, and the structured environment offers clear advancement opportunities.
As analysts gain experience, they can progress to tier two roles conducting detailed threat investigations, then to tier three positions focused on identifying security blind spots and fine-tuning monitoring systems. For those with leadership aspirations, SOC managers balance technical oversight with strategic management, handling team leadership and serving as the bridge to executive leadership.
Beyond SOC roles, the cybersecurity field offers numerous other specialized positions:
Information Security Analyst: Information security analysts typically focus on information protection policies, regulatory compliance, risk management and the physical security of organizational facilities.
Junior Penetration Tester: People in this role simulate cybersecurity attacks to identify vulnerabilities. They work under senior penetration testers that often design more comprehensive attacks.
Vulnerability Assessment Experts: Professionals in this role perform research to identify new, previously unknown vulnerabilities. They also manage the response to known vulnerabilities, prioritizing action according to risk.
Security Engineers: Cybersecurity teams use a lot of different software applications. The job of the security engineer is to evaluate that software and to get all of the different applications to work together.
Security Architect: The goal of this job is to plan, research and design a robust security infrastructure within a company. Security architects conduct regular system and vulnerability tests and implement or supervise the implementation of enhancements. They are also in charge of establishing recovery procedures.
Multiple Pathways Into the Field
The entry point into cybersecurity doesn’t have to be a computer science degree. An increasing number of cybersecurity-related degrees are being offered by departments outside of computing and computer science, with business, law and engineering serving as examples of other parent disciplines. At the same time, some companies are looking for key certifications and coursework, rather than a specific degree.
IEEE Senior Member Steven Furnell offered this advice to STEM professionals who are curious about cybersecurity but worried they don’t have the right experience.
“Think about the underlying skills that cybersecurity needs,” Furnell said. “Successive surveys of employers indicate that they value — and often claim to prioritize — transferable skills such as problem solving, collaboration and communication. These skills aren’t exclusive to those studying computer science. Holding any STEM degree or experience shows the ability to study and succeed at that level.”
Certifications also offer a pathway into entry-level positions, said IEEE Senior Member Kevin Curran.
“Often these certifications bridge the gap between theoretical knowledge and practical, job ready skills,” Curran said. “Especially for those with transferable tech backgrounds like IT, networking or programming.”
6, Aug 2025
Tech Talent Drives Pune Office Space Beyond 100 Mn Sq Ft
Pune, August 06, 2025: Knight Frank India, in its landmark report A Billion Sq Ft and Counting – India Office Supply Growth Story, has highlighted Pune’s emergence as one of India’s most dynamic and cost-effective office markets. With a total office stock of 106 million square feet as of H1 2025, Pune contributes 11% to India’s commercial real estate landscape and has recorded an impressive CAGR of 8.9% since 2005.
Strategically located and supported by world-class educational institutions, Pune’s evolution from a traditional manufacturing base to a technology and innovation powerhouse has cemented its place in the country’s top-tier office markets. Pune’s growth rate is the second highest and more than the national average.
PBDs Dominate Pune’s Commercial Landscape
Pune stands out for its strong peripheral orientation, with 51% of its office stock concentrated in Peripheral Business Districts (PBDs) such as Hinjewadi and Kharadi. These locations have emerged as major business corridors, thanks to proactive infrastructure investments and occupier preference for scalable, high-specification campuses.
SBDs like Baner, Aundh, Kalyani Nagar, and Yerwada account for 38% of stock, offering a balance between accessibility and affordability. Meanwhile, CBDs, including traditional hubs like Camp, Bund Garden Road, and Deccan, contribute only 11% of total stock, reflecting the city’s decentralised, corridor-led growth pattern.
Modern, High-Quality Stock Powers Growth
Pune’s commercial stock reflects a strong inclination toward quality, with 50% of inventory classified as Grade A and the rest of the stock in other grades, the city boasts one of the most modern and efficient real estate footprints in the country. This healthy mix has allowed Pune to cater to a broad spectrum of occupiers from startups and SMEs to global technology giants and R&D centres.
The presence of tech majors and multinational GCCs in PBDs, supported by lower rentals and a robust talent pipeline, continues to drive sustained demand for high-quality office spaces.
Key Milestones in India’s Office Stock Evolution
|
Period |
Phase |
Key Drivers |
Stock Growth (mn sq ft) |
% Change |
|
1990–2000 |
Tech Boom Foundation |
Economic liberalization, early IT services growth, emergence of tech parks, limited supply mainly in CBDs, rise of Indian software exports |
Grew to 192 |
– |
|
2000–2008 |
IT/ITES Expansion Era |
Offshoring boom, rise of IT/ITES occupiers, large integrated campuses, suburban corridor expansion (e.g., Whitefield, Hinjewadi, Cyberabad) |
192 → 278 (+86) |
45% |
|
2008–2010 |
Great Recession Impact |
Global financial crisis, demand contraction, rental corrections, consolidation of occupier footprints |
278 → 355 (+77) |
28% |
|
2010–2014 |
Recovery & Consolidation |
Demand recovery, infrastructure investments (metros, roads), growth of BFSI/consulting demand, entry of global funds |
355 → 544 (+188) |
53% |
|
2015–2019 |
Policy Reforms Era |
Launch of REIT framework, India’s first REIT (Embassy), implementation of RERA & GST, infra push, entry of coworking office players |
575 → 756 (+181) |
31% |
|
2020–2023 |
COVID Era, Recovery and proliferation of flex space |
Pandemic-led disruption, hybrid work adoption, resilience of REITs, rise in enterprise adoption of flex and managed offices, technology integration |
791 → 922 (+131) |
17% |
|
2024–Present |
Rise of GCCs and AI |
Rapid GCC expansion is accelerating demand for AI-integrated, tech-enabled workplaces. Flex space is becoming mainstream, ESG mandates are shaping asset choices, and design is increasingly centred on wellness, productivity, and innovation. |
973 → 993 (+20) |
2% |
Source: Knight Frank Research
P Vilas, National Director – Occupier Strategy & Solutions, Industrial & Logistics, Capital Markets, and Branch Head (Pune), Knight Frank India, said: “Pune has quietly emerged as a high-growth, innovation-focused office market with a unique blend of talent, affordability, and Grade A supply. The dominance of PBDs shows the city’s success in enabling corridor-based development models, particularly in IT and R&D. As global firms continue to adopt hybrid work formats, Pune’s flexibility and infrastructure edge make it one of the most attractive office markets for long-term commitments.”
As metro connectivity improves and road infrastructure expands across the Kharadi-Hinjewadi-Shivajinagar corridor, Pune is expected to see renewed investor interest and occupier expansion in its PBDs. These submarkets are already experiencing upward rental pressure, with newer Grade A assets commanding significant premiums.
The city’s ability to retain and attract young, digitally skilled talent while offering cost-effective, scalable workspaces ensures that it remains a focal point for tech, GCC, and manufacturing-linked office demand. With modern campuses, strong absorption trends, and institutional participation on the rise, Pune is set to play a central role in India’s journey to the next billion square feet of office supply.
Market Level Zone-wise Rentals (INR/sq ft)
|
Ahmedabad |
Bengaluru |
Chennai |
Hyderabad |
Kolkata |
MMR |
NCR- Delhi |
NCR- Gurugram |
NCR- Noida |
Pune |
||||||||||||
|
CBD |
40-51 |
130-220 |
70-95 |
55-65 |
70-105 |
190-277 |
220-390 |
120-192 |
80-110 |
82-143 |
|||||||||||
|
SBD |
47-55 |
100-180 |
75-105 |
70-95 |
55-95 |
98-427 |
90-230 |
85-140 |
50–65 |
64-128 |
|||||||||||
|
PBD |
55-60 |
60-95 |
38-70 |
30-65 |
27-65 |
54-99 |
NA |
40-45 |
30-35 |
48-110 |
Source: Knight Frank Research
6, Aug 2025
MPC Maintains Cautious Stance Amid Global Uncertainty; Liquidity Support Seen Boosting Equities, Capping Yields
Dr. Esha Khanna, Assitant Profressor at School of Economics NMIMS University
The Monetary Policy Committee’s (MPC) current stance and cautious approach is as anticipated and commendable, even in light of reduced retail inflation, resilient domestic growth, and a downward adjustment of future inflation forecasts. Nevertheless, the infusion of liquidity, volatile price conditions, and the emergence of mixed signals from high-frequency indicators, coupled with ongoing global uncertainties stemming from recent trade policy changes and new tariffs, have exacerbated existing geopolitical tensions. This situation is expected to adversely affect the manufacturing sector, while the mining sector is already experiencing challenges due to the early arrival of the monsoon, which poses risks to the domestic growth outlook. The transmission of the previously implemented frontloaded repo rate cut and the phased reduction in the Cash Reserve Ratio (CRR) is still in progress, manifesting as lower lending rates that are essential for stimulating the real estate sector and further reviving urban consumption demand. This has had a direct effect on the External Benchmark Lending Rate (EBLR), and the necessary influence on the Marginal Cost of Funds based Lending Rate (MCLR) through deposit lending rates is also observable. The ongoing focus on additional measures, particularly concerning Variable Rate Reverse Repo (VRR) and Variable Rate Reverse Repo Rate (VRRR) auctions, has ensured that both systemic and durable liquidity remain within a comfortable range, among other factors. Overall, as global developments indicate a dampening effect on equity markets due to tariffs, and global currencies exhibit mixed trends with the Indian Rupee (INR) also depreciating, this status quo, along with additional liquidity, is expected to have potently positive influence on equity markets while keeping the effects on both long-term and short-term yields largely capped.
6, Aug 2025
Yoga for Men’s Mental Health
By – Himalayan Siddhaa Akshar, Author, Columnist, Founder – Akshar Yoga Kendraa
Work – Yoga and Spiritual Leader
In today’s fast-paced and high-pressure world, men are silently grappling with rising levels of stress, anxiety, burnout, and emotional fatigue. While traditional masculinity has long glorified emotional suppression and resilience, the modern man is beginning to realise that true strength lies in healing, self-awareness, and mental well-being. Yoga, especially when rooted in the Himalayan yogic lineage, is emerging as a transformative solution for men seeking mental clarity, emotional stability, and spiritual grounding.
Breaking the Silence Around Men’s Mental Health
Historically, mental health discussions have been more accessible to women, while men often shy away due to social conditioning. This silence leads to an internal build-up of emotional stress, eventually resulting in depression, addiction, or physical illness. Here is where yoga serves as a safe, non-judgmental, and deeply effective method of addressing men’s mental wellness from the inside out.
Through consistent yoga practice at your schedule, men can learn to pause, reflect, and build awareness of their inner worlds. The teachings of the Spiritual Yoga Masters of India, especially those descending from Himalayan yogic traditions, offer ancient methods that go beyond physical postures, guiding men to connect with their breath, mind, and higher consciousness.
The Role of Pranayama and Breathwork Training
Breathing is often taken for granted, but it’s also the first system to get disturbed under stress. The Himalayan approach to Pranayama and breathwork training teaches men to harness their breath to manage their minds. Techniques like Anulom-Vilom, Bhramari, and Kapalbhati stimulate the nervous system, reduce cortisol levels, and restore emotional balance. This is especially beneficial for working professionals, athletes, and entrepreneurs who operate under constant pressure.
By integrating breathwork into their daily routine, men can develop a powerful tool to manage anger, anxiety, and impulsive behaviour — thus nurturing a balanced and composed mind.
Mudra and Mantra: Tapping into Inner Power
The practice of mudra and mantra is an essential part of yoga for healing and wellness. Mudras—symbolic hand gestures—channel energy to different parts of the body and mind, while mantras use sound vibration to clear mental clutter. For men, incorporating these practices helps awaken latent energy, enhance concentration, and build emotional resilience. The sacred sounds and vibrations offer not only spiritual elevation but also psychological strength in dealing with day-to-day challenges.
Healing through Online Platforms
Thanks to technology, yoga is no longer limited by geography. Men from around the world can now access authentic Himalayan teachings through virtual yoga training platforms. These include online meditation classes, online healing classes, and remote yoga teacher training — all tailored to fit a busy lifestyle. Whether it’s early morning breathwork before work or guided meditation at night, these platforms offer flexibility without compromising quality.
Many men who start with an online session often progress into more structured learning through best online yoga certifications or even immersive residential yoga teacher training programs in India. These experiences deepen their understanding of yogic philosophy, mental conditioning, and self-care.
Yoga Therapy for Deep Psychological Healing
For those struggling with deeper mental health issues such as trauma, chronic stress, or depression, a yoga therapy course in India offers a therapeutic, holistic pathway to healing. These courses combine physical postures, meditation, lifestyle practices, and psychological counselling — rooted in the wisdom of the Himalayas and the compassion of seasoned masters.
The therapeutic lens of yoga emphasises self-acceptance and gradual transformation. Through personalised attention and ancient techniques, men can identify and release limiting beliefs, address emotional blocks, and cultivate a sustainable state of inner peace.
Reclaiming the Masculine Spirit through Yoga
Yoga redefines masculinity by teaching men that strength is not just about physical prowess but emotional intelligence, mindfulness, and spiritual awareness. It equips them to be better leaders, fathers, partners, and friends. The teachings of the Modern Himalayan Yogi guide them toward balance — where action is rooted in awareness, and ambition is tempered by wisdom.
In conclusion, yoga is not merely a tool for flexibility or fitness; it is a powerful path for healing and mental wellness. With the rise of accessible, high-quality online and offline training opportunities, there has never been a better time for men to embrace yoga — not just to cope with mental health challenges but to truly thrive.
6, Aug 2025
RBI Holds Rates Steady, Boosting Confidence in Affordable Housing Sector
Shishir Baijal, Chairman and Managing Director, Knight Frank India.
“The RBI’s decision to hold rates steady underscores its calibrated approach amidst a complex economic backdrop. While inflation has moderated, it remains uneven, and the central bank is understandably cautious given the persistent risks from global commodity prices, geopolitical tensions, and volatile capital flows.
For the real estate sector, the continuation of stable policy rates and surplus liquidity conditions provide much-needed predictability and helps preserve affordability for homebuyers. Notably, some banks have already reduced consumer home loan rates – a move that supports housing demand, especially in the mid-income and low-income segment – and more transmission in interest rates is underway. This policy continuity, coupled with easing credit conditions and steady economic growth can provide a boost to the affordable housing categories.”
6, Aug 2025
RBI Holds Repo Rate at 5.5%: Steady Borrowing Costs to sustain momentum in the Real Estate Sector
In a widely anticipated move, the Reserve Bank of India (RBI) has maintained the repo rate at 5.5% during its August monetary policy review, a decision welcomed by the real estate sector. With inflation easing and economic uncertainty stemming from US trade tariffs, the RBI’s neutral stance offers much-needed stability for homebuyers and developers alike. Industry experts say that unchanged borrowing costs will continue to support demand for housing loans, ensuring sustained momentum in both affordable and premium housing segments.
Mr. Prashant Sharma, President, NAREDCO Maharashtra
“The RBI’s decision to maintain the repo rate at 5.5% despite easing inflation reflects a cautious yet balanced approach to managing global headwinds and domestic stability. For the real estate sector, a status quo on rates ensures continued momentum in homebuyer sentiment and sustains the affordability factor in housing. However, given the moderating inflation and macroeconomic uncertainties, the industry looks forward to a calibrated rate cut in upcoming reviews to further support growth, especially in the affordable and mid-income housing segments.”
Mr. Kaushal Agarwal, Chairman, The Guardians Real Estate Advisory
“The real estate sector has shown resilience despite global uncertainties. With inflation under control and GDP growth projected steadily, a repo rate cut would have been the perfect catalyst to trigger festive season demand. However, the RBI’s decision to hold the rate steady keeps the environment predictable and EMIs affordable. The industry remains cautiously optimistic that a more dovish stance could follow if inflation stays within the comfort zone.”
Mr. Vikas Jain, CEO, Labdhi Lifestyle and President, NAREDCO Maharashtra NextGen
“While the RBI’s decision to maintain the repo rate ensures monetary stability, the sector was optimistic about a rate cut given the drop in inflation to 2.1%. Affordable housing and first-time homebuyers remain extremely interest rate sensitive. A cut would have significantly pushed housing demand forward. Nevertheless, we hope the RBI remains open to easing rates in the upcoming cycles to spur broader economic and sectoral growth.”
Ms. Shraddha Kedia-Agarwal, Director, Transcon Developers
“With inflation easing and homebuyer interest still high, the real estate sector was hopeful for a rate cut to further catalyse housing demand. However, the RBI’s decision to maintain status quo reflects a watchful approach to global uncertainties like trade tariffs. Stability in rates does support long-term planning for both developers and homebuyers, but a softer interest rate regime would provide the real boost required for deeper market penetration, especially in urban metros like Mumbai.”
Mr. Dhruman Shah, Promoter, Ariha Group
“In a scenario where global trade dynamics are shifting and inflation has visibly moderated, the real estate industry expected some policy support via rate easing. Nonetheless, the RBI’s decision to maintain the current rate suggests that stability is being prioritized. While this helps developers plan without sudden shifts in financial costs, we anticipate a pro-growth signal in the next review, especially to give a push to the affordable housing segment.”
Mr. Nihar Jayesh Thakkar, Founder, The Mandate House Pvt. Ltd.
“The MPC’s decision to keep the repo rate unchanged is a balanced one, considering the broader economic landscape. For real estate stakeholders—especially in the advisory and sales ecosystem—this offers continuity in buyer behavior and home loan affordability. That said, a future rate cut would help unlock fence-sitters and attract a new wave of aspirational buyers, especially in the mid- and premium segments.”
6, Aug 2025
RBI Holds Rates at 5.5%, Signals Confidence in Growth Amid Easing Inflation
Mr. Umesh Revankar, Executive Vice Chairman, Shriram Finance Ltd.
“The RBI’s decision to hold the repo rate steady at 5.5% with a neutral policy stance reflects a balanced approach, prioritizing both inflation control and growth. The maintained GDP forecast of 6.5% for FY26 signals continued confidence in India’s domestic economic resilience, supported by strong rural demand and a gradual uptick in urban consumption. The downward revision of the inflation outlook to 3.1% from 3.7% is encouraging, suggesting easing price pressures and improved supply conditions.
RBI’s caution on external risks, particularly global uncertainties and geopolitical developments, could impact growth momentum. However, the policy outcome aligns well with the current economic context and provides stable business environment. We are optimistic about the credit demand outlook, especially in semi-urban and rural markets, and are well-positioned to support inclusive growth through sustained lending activity.”
6, Aug 2025
Pharmaceutical company Medistep Healthcare’s IPO Price Fixed at Rs. 43 Per Share; Issue Opens on August 8
New Delhi, August 6, 2025: Medistep Healthcare Limited, a rapidly growing player in India’s pharmaceutical and healthcare market, has fixed the price of its upcoming Initial Public Offering (IPO) at Rs. 43 per equity share. The offering comprises up to 37,44,000 equity shares with a face value of Rs.10 each. The IPO, which is being offered through a fixed price issue, will open for subscription on Friday, August 8, 2025, and close on Tuesday, August 12, 2025.
The lot size for the issue has been set at 3,000 equity shares. The shares are proposed to be listed on the Emerge Platform of National Stock Exchange of India Limited on August 18, 2025.
Of the total offer, not less than 17,79,000 equity shares are reserved for retail individual investors, not more than 17,76,000 equity shares are allocated for non-institutional investors, and 1,89,000 equity shares are reserved for the market maker portion. Fast Track Finsec Private Limited is acting as the lead manager to the issue, and Cameo Corporate Services Limited is the registrar.
Medisteps intends to raise approximately Rs 16.09 crore from the ipo. The net proceeds from the IPO will be utilised to fund capital expenditure towards the purchase of plant and machinery for expansion at the company’s existing manufacturing facility, to meet working capital requirements, to meet general corporate purposes and to meet out the Issue Expenses.
Founded in June 2023, Medistep Healthcare Limited is engaged in the manufacturing of sanitary pads and energy powders, and in the trading of pharmaceutical, nutraceutical, surgical, and intimate care products through an established distribution network. The company expanded its footprint in 2024 with the acquisition of the business of M/s MG Pharma, a proprietorship concern.
The company reported revenue from operations of Rs.4,965.48 lakh in FY25, compared to Rs.3,907.19 lakh in FY24. EBITDA stood at Rs.560 lakh for FY25, up from Rs.454.2 lakh in the previous year, while profit after tax (PAT) rose to Rs.414.42 lakh from Rs.332.76 lakh.
Following the issue, the company’s equity share capital will increase from 1,04,65,546 shares to 1,42,09,546 shares, with a post-issue implied market capitalization of Rs.61.10 crore.
Commenting on the IPO, Mr. Girdhari Lal Prajapati, Managing Director, Medistep Healthcare Limited, said, “The proceeds from the IPO will strategically support our expansion efforts and reinforce our footprint in both domestic and international markets. Our diversified and growing product portfolio positions us well to capitalize on the rising global and domestic demand for health and hygiene solutions.”
6, Aug 2025
Bimaplan Appoints Banking Veteran Anurag Mishra as CEO to Lead Global Expansion
Mumbai, India – 06 August, 2025: Bimaplan, India’s leading embedded insurance platform, has appointed seasoned international banker Anurag Mishra as its Chief Executive Officer. This strategic leadership transition comes as the company sharpens its focus on profitability and accelerates expansion into global markets.
Mishra brings nearly 30 years of experience in global banking and financial services, most recently serving as Regional Head for Global Trade, Commodity & Supply Chain Finance at the International Finance Corporation (IFC), part of the World Bank Group, managing complex financial operations across emerging markets. Previously, he spent 15 years at Standard Chartered Bank, including a tenure as CEO of Standard Chartered Bank, Nepal, where he led transformative initiatives and built strong institutional relationships across regulatory and diplomatic circles.
“Anurag’s deep expertise in financial services and emerging markets makes him the ideal partner for Bimaplan’s next phase of growth,” said Vikul Goyal, Founder of Bimaplan. “While I continue to focus on product innovation and strategic partnerships, Anurag will drive operational excellence and business expansion.”
The leadership change coincides with Bimaplan’s growing global ambitions. Following the successful launch of its first international program in Zambia, in partnership with a local microfinance institution, the company is now actively expanding across the Middle East and Africa. These regions represent significant opportunities for Bimaplan’s technology-first
“The global embedded insurance market holds immense potential to enhance financial inclusion,” said Anurag Mishra, CEO, Bimaplan. “I look forward to leveraging my experience to forge strategic partnerships and navigate regulatory landscapes across key emerging markets.”
Since its founding, Bimaplan has delivered insurance solutions to nearly 5 million customers by embedding policies into digital journeys at the point of transaction. This model has proven especially effective in reaching underserved segments traditionally left out by conventional insurance distribution.
Operating under Purple Umbrella Fintech Private Limited, Bimaplan has built partnerships with leading insurers and digital platforms in India. The company is backed by marquee investors including Orios Venture Partners, Y Combinator, and Finsight Ventures, having raised $6 million across two funding rounds.
“Bimaplan’s leadership transition marks a pivotal moment in its evolution into a global insurtech leader,” said Sukhmani Bedi, Partner at Orios Venture Partners. “Anurag’s international experience, combined with Vikul’s entrepreneurial vision, sets the stage for sustainable growth across emerging markets.”
With a scalable platform that requires minimal localization, Bimaplan is poised to replicate its success in international markets, starting with Zambia and extending to other underserved geographies where microfinance institutions play a critical role.
