Category Archives: Business

iLink Digital Strengthens AI and Automation Capabilities with FourNxt Acquisition

Pune, 30 September 2025 – iLink Digital, a global leader in enterprise digital transformation, today announced the acquisition of a majority stake in FourNxt, a HyperAutomation specialist headquartered in Dubai with strong delivery operations in India. This acquisition marks a significant expansion of iLink’s AI and automation capabilities and establishes a new global business unit focused on delivering AI-powered business transformation.

Founded in Dubai and supported by delivery teams in India, FourNxt has emerged as a high-impact consulting firm in the HyperAutomation space. With a 70-member team and an enterprise portfolio spanning the Middle East and Europe, FourNxt has consistently delivered automation, AI, and digital transformation solutions to leading organizations. Its proprietary AI governance and orchestration platform, HyperTransform, has enabled businesses to rapidly scale AI initiatives with accountability, transparency, and measurable outcomes.

Strengthening India and Middle East Presence

With India and the Middle East emerging as one of the fastest-growing markets for AI and automation, this acquisition reinforces iLink’s commitment to the region. FourNxt’s delivery strengths from India will be positioned as a strategic capability within iLink’s global AI Business Solutions unit, powering innovation in Generative AI, Intelligent Automation, and Low-Code Platforms. This move will enable Global, Middle East, and Indian customers to accelerate their AI-led transformation journeys while creating new opportunities for local talent.

Leadership and Integration

Following this acquisition, FourNxt’s leadership team will assume global responsibility for the newly formed AI Business Solutions Unit within iLink Digital. Under this mandate, Karthik Pillai, CEO of FourNxt, will lead the unit as part of iLink’s senior leadership team, along with Gautam Krishnan (CTO/COO), who will drive operational and delivery excellence across geographies.

Speaking on the acquisition, Sree Balaji, Co-Founder and CEO, iLink Digital said, “India is at the heart of the global AI opportunity, and this acquisition allows us to strengthen our presence across India and Middle-East. FourNxt’s AI-first mindset, deep domain expertise, and track record of delivery excellence make them a natural fit for our next phase of growth. Their leadership brings vision and agility, and I’m confident they will shape a world-class global business unit that delivers transformative value to our customers.”

Sharing his thoughts, Karthik Pillai, CEO of FourNxt said, “Joining iLink allows us to scale our impact globally while deepening our presence in India and globally, which is poised to be one of the fastest adopters of enterprise AI. By combining forces, we can build a unified AI Business Solutions unit that integrates automation, low-code, enterprise platforms, and governance – bringing global expertise and local relevance to clients.”

Global and Local Impact

The acquisition enhances iLink’s ability to deliver end-to-end AI transformation programs across North America, the Middle East, Europe, and Asia while significantly deepening its presence in India. Clients will benefit from a more comprehensive suite of solutions, streamlined execution, and enhanced innovation capabilities – all anchored in iLink’s global platform and FourNxt’s regional strengths.

WeWork India Management Limited’s initial public offering to open on Friday, October 03, 2025

Chandigarh, September 30, 2025: WeWork India Management Limited (the “Company”) proposes to open an initial public offering (“Offer”) of its equity shares of face value of ₹10 each (“Equity Shares”) on Friday, October 03, 2025. The Anchor Investor Bidding Date is one Working Day prior to Bid/Offer Opening Date, being Wednesday, October 01, 2025. The Bid/ Offer Closing Date is Tuesday, October 07, 2025.

The Price Band of the Offer has been fixed from ₹ 615 per Equity Share of face value ₹10 each to ₹ 648 per Equity Share of face value ₹10 each. Bids can be made for a minimum of 23 Equity Shares of face value ₹10 each and multiples of 23 Equity Shares of face value ₹10 each thereafter.

The company’s initial public offering comprises an Offer for Sale (“OFS”) of equity shares of up to 46,296,296 equity shares. The offer for sale comprises up to 35,402,790 equity shares by Embassy Buildcon LLP (“Promoter Selling Shareholder”), and up to 10,893,506 equity shares by 1 Ariel Way Tenant Limited (“Investor Selling Shareholder”).

The Offer is being made in terms of Rule 19(2)(b) of the SCRR read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made through the Book Building Process, in compliance with Regulation 6(2) of the SEBI ICDR Regulations, wherein at least 75% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the “QIB Portion”), provided that our Company in consultation with the Book Running Lead Managers, may allocate up to 60% of the QIB Portion to Anchor Investors, on a discretionary basis (the “Anchor Investor Portion”), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the price at which Equity Shares are allocated to Anchor Investors. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion (excluding the Anchor Investor Portion) (“Net QIB Portion”). Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIB. If at least 75% of the Offer cannot be Allotted to QIBs, then the entire application money will be refunded forthwith. Further, not more than 15% of the Net Offer shall be available for allocation to non-institutional investors (“Non-Institutional Investors” or “NIIs”) (the “Non-Institutional Portion”) of which one-third of the Non-Institutional Portion shall be available for allocation to Bidders with an application size of more than ₹200,000 and up to ₹1,000,000 and two-thirds of the Non-Institutional Portion shall be available for allocation to Bidders with an application size of more than ₹1,000,000 and under-subscription in either of these two sub-categories of Non-Institutional Portion may be allocated to Bidders in the other sub-category of Non-Institutional Portion in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. The allocation to each Non-Institutional Investor shall not be less than the minimum application size, subject to availability of Equity Shares in the Non-Institutional Portion and the remaining available Equity Shares, if any, shall be allocated on a proportionate basis in accordance with the conditions specified in this regard in Schedule XIII of the SEBI ICDR Regulations.

Further, not more than 10% of the Net Offer shall be available for allocation to retail individual investors (“Retail Individual Investors” or “RIIs”) (the “Retail Portion”) in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.

Further, Equity Shares will be allocated on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids being received from them at or above the Offer Price (net of Employee Discount, if any, as applicable). All Bidders (other than Anchor Investors) shall mandatorily participate in this Offer through the Application Supported by Block Amount (“ASBA”) process and shall provide details of their respective bank account (including UPI ID for UPI Bidders) in which the Bid Amount will be blocked by the SCSBs or the Sponsor Bank(s), as the case may be, to the extent of their respective Bid Amounts. Anchor Investors are not permitted to participate in the Offer through the ASBA process.

The Equity Shares of the Company are proposed to be listed on BSE Limited (“BSE“) and the National Stock Exchange of India Limited (“NSE”) (BSE and NSE together, the “Stock Exchanges”).

JM Financial Limited, ICICI Securities Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited, and 360 ONE WAM Limited are the Book Running Lead Managers (“BRLMs”) to the issue.

All capitalised terms not defined herein would have the same meaning as attributed to them in the RHP.

Indian Entrepreneurs Outspend Global Peers on Luxury and Global Mobility

Indian entrepreneurs outpace their global counterparts on  spends on luxury lifestyles and international mobility HSBC  report reveal

Mumbai, 29th september 2025:Rich entrepreneurs in India are spending their wealth on luxury lifestyle as their optimism and global  outlook help them expand their horizons across borders, according to research from HSBC Private Bank. 

The HSBC’s Global Entrepreneurial Wealth Report 2025 reveals that allocations toward real estate for  personal use (64 per cent), health and wellness (61 per cent), and luxury experiences (59 per cent) are  significantly higher among entrepreneurs in India compared to their global counterparts. 

The report reveals that entrepreneurs in India are overwhelmingly positive about their personal wealth  outlook, with 95 per cent predicting their wealth will grow over the next few years. Among them, 56  per cent believe their wealth will improve significantly, while 39% expect moderate growth. This  optimism is particularly pronounced in markets such as the UK, UAE, India, and Singapore. Key drivers  of this optimism in India are opportunities for new investments and ventures (64 per cent), positive  performance of investment portfolios (56 per cent), favorable economic outlook for the local economy  (54%) and positive business performance (43 per cent). 

When it comes to business outlook, entrepreneurs in India exhibit significant confidence with 98%  expressing positivity. They believe technological advancements and business opportunities will be key  drivers of growth. 

Global mobility 

Entrepreneurs in India have a particularly global outlook, with 73 per cent holding multi-residency  status—significantly higher than the global average of 56 per cent. The vast majority are open to  relocating abroad, with the UK and US emerging as the top destinations, followed by Switzerland, UAE,  and Singapore. 

Among those entrepreneurs looking to make a personal move, the primary motivations for cross  border movements include better quality of life for themselves and their families (78%); access to new

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investment opportunities (75 per cent); and expansion of business into new markets (71 per cent). The  UK is the most popular destination for Indian entrepreneurs looking to move wealth, followed by  Singapore, the US, Switzerland, and the UAE. 

Investment portfolio 

The report shows how wealthy entrepreneursin India have diverse investment portfolios, with a strong  focus on life insurance (73 per cent); property investments, including commercial real estate (58 per  cent); publicly-traded stocks (53 per cent) and private assets (51 per cent). Additionally, 42 per cent of  respondents prioritize charitable donations, reflecting a commitment to giving back to society. 

Challenges in mobility 

Despite their optimism, Indian entrepreneurs face challenges in managing their global operations and  wealth. Key concerns include complexities in managing existing business operations from abroad (50  per cent); visa and residency requirements (49 per cent); and challenges in purchasing property in new  locations (48 per cent). Succession planning also remains a critical area, with 64 per cent expressing  concerns about structuring business transfers effectively. 

Commenting on the research findings, Sandeep Batra, Head of International Wealth and Premier  Banking, HSBC India, said, “Indian entrepreneurs are redefining the global playbook with their  optimism, ambition, and growth mindset. Their investments in luxury lifestyles, global mobility, and  diversified portfolios signal not just confidence in their wealth trajectory but also their readiness to  capitalize on the next wave of global opportunities and deepening international wealth corridors as  globalisation enters a new phase.” 

Historic ‘World Kayastha Conclave 2025’ to be Held in New Delhi on October 23–24

Two-day event at Talkatora Stadium to celebrate heritage, unity, and future leadership of the Kayastha community

New Delhi, September 27, 2025: The All India Kayastha Mahasabha (Regd. 2150, New Delhi) and the Chitransh Chamber of Commerce & Industries (CCCI) today announced that the World Kayastha Conclave 2025 will be held on October 23–24, 2025 at Talkatora Stadium, New Delhi.

Announcing the conclave, National Chairman Dr. Abhishek Verma said it will coincide with the auspicious occasion of Yam Dwitiya (Bhai Dooj), traditionally celebrated with the worship of Lord Chitragupta. He added that the conclave will mark a historic opportunity for the Kayastha community to unite and demonstrate its strength.

The Kayastha community traces its origin to Lord Chitragupta, revered as the celestial accountant of Yamraj, responsible for maintaining the record of human deeds. Over the centuries, Kayasthas have played a central role in administration, diplomacy, education, literature, and governance—from the royal courts of ancient India to the modern bureaucracy and judiciary. Although classified among the upper castes, many scholars believe that the unique identity and role of the community distinguish it as a Varna in its own right, with a tradition rooted in knowledge and governance.

Dr. Verma called upon the estimated 12 crore Kayasthas in India to come together, showcase solidarity, and emerge as a significant political and social force to help position India as a ‘Vishwa Guru’ (World Leader) by 2047, the centenary year of independence.

The conclave will also pay tribute to eminent figures of the Kayastha community, including Swami Vivekananda, Khudiram Bose, Netaji Subhas Chandra Bose, Dr. Rajendra Prasad, Lal Bahadur Shastri, Jayaprakash Narayan, Shrikant Verma, Premchand, Harivansh Rai Bachchan, Gopaldas Neeraj, Biju Patnaik, and Jyoti Basu. A special tribute will be offered to Balasaheb Thackeray, acknowledging his transformative contribution to Indian politics through the founding of Shiv Sena in 1966.

Dr. Verma further announced the institution of the ‘Shrikant Verma Samman’ in memory of his father, the renowned poet and Parliamentarian, the late Shrikant Verma. This award will be conferred annually, carrying ₹21 lakh for Hindi Literature—the highest award in Hindi literature—₹5 lakh for Journalism, and ₹2 lakh each for Art and Performing Arts.

Sharing details of the upcoming conclave, National President and Convener Manish Srivastava said the two-day event is expected to attract over 25,000 participants and will feature a National Talent Search Examination, a Matrimonial Meet, a Mega Job Fair, and Business and Political Workshops. He also announced plans for the installation of an 111-foot statue of Swami Vivekananda and an 81-foot statue of Lord Chitragupta in Kushinagar, Uttar Pradesh.

The World Kayastha Conclave 2025 is envisioned not only as a cultural celebration but also as the beginning of social unity, political awakening, and new leadership within the Kayastha community. With its historic association with knowledge and governance, the community is being called upon to rise as an organized force and contribute to India’s emergence as a global leader by 2047.

The announcement was made in the presence of Poet Vishnu Saxena (President, Literary Cell), National Working President Sunil Nigam, National General Secretary Manoj Srivastava, National Vice President Vivek Kulshrestha, National Executive Women cell President Nishi Kulshrestha and other senior members of the organization.

Curefoods Launches PHAT Burger; Affordable Gourmet Burgers with Bold Flavours

Bengaluru, 27th September 2025 — Curefoods, Bangalore-based, internet-driven multi-brand food services company, today announced the launch of PHAT Burger (Pretty Hot And Tempting), a gourmet burger brand that brings international flavours with a cheeky, youthful edge. The brand has gone live in Bangalore and Delhi-NCR, marking its entry with a reception from young diners.

as an affordable gourmet, PHAT Burger is crafted to make indulgence part of everyday. With premium ingredients, bold flavours, and pocket-friendly pricing, it bridges the wide gap between fast-food chains and hyper-premium burger outlets. Its striking, high-contrast packaging and playful brand voice are designed to cut through the clutter and appeal directly to Gen Z and young professionals, who are driving India’s evolving food culture.

The PHAT menu offers an elevated twist to comfort food — from juicy gourmet burgers and crunchy burger wraps to indulgent appetisers like fries, onion rings, and wings. Each item is built to deliver on taste and presentation while remaining accessible to a wide audience.

Ankit Nagori, Chief Executive Officer, Curefoods, said, “PHAT Burger is built on a simple promise: great-tasting gourmet burgers don’t have to come with an elite price tag. We want to make premium indulgence a daily experience for India’s young consumers. With PHAT, we are giving them bold flavours, playful energy, and quality they can trust — all at prices that work.”

The launch of PHAT Burger strengthens Curefoods’ growing portfolio of F&B brands, reinforcing its mission to build the next generation of Indian F&B experiences.

PHAT Burger is available for delivery exclusively on Zomato and Swiggy in Bangalore and Delhi-NCR.

VST Tillers Tractors Passes GST Reduction Benefits to Customers, Enhancing Value and Transparency

September, 26, 2025: In response to recent tax reforms by the Government of India, VST Tillers Tractors, one of India’s leading farm equipment manufacturers, announced that it has passed on the Goods and Services Tax (GST) reduction directly to its customers.

The GST rate on agricultural machinery has been reduced from 12% to 5%, and VST has promptly transferred this benefit to its customers. By adjusting prices in line with the revised GST rates, VST ensures that farmers directly benefit from the government’s fiscal policies, fostering greater trust and loyalty.

Mr. Antony Cherukara, CEO, VST Tillers Tractors Ltd., said, “VST has always been at the forefront of the Make in India movement. As a pioneer in the development of Power Tillers and Compact Tractors in India, we have consistently brought world-class, affordable, and efficient farm equipment to Indian farmers. Our team draws inspiration from the vision of the Honourable Prime Minister of India on promoting Swadeshi products. Passing on this GST reduction is in line with our commitment to support small and marginal farmers in mechanizing their farms. We have also developed and produced 100% Made-in-India power weeders, which can be used with multiple attachments to perform a variety of tasks in small fields, while addressing labour shortages and the narrow operational window for de-weeding in precision crops.”

This GST reduction will further encourage farmers to purchase Swadeshi products, reducing dependence on lower-quality imports that are often unreliable, non-serviceable, and detrimental to long-term farm income. By choosing trusted Indian products, farmers not only gain access to durable and efficient machinery but also contribute to strengthening the rural economy

ARAPL Clears Fund Infusion for Subsidiary Humro to Tap Global Robotics Opportunity

Pune, 26 September 2025 – Affordable Robotic & Automation Ltd (ARAPL), (BSE: 541402 | NSE: AFFORDABLE), India’s first listed robotics company, has cleared a fresh round of fund infusion into its subsidiary Humro (formerly ARAPL RaaS), as it looks to scale operations and deepen its presence in overseas markets.

At a board meeting held on 18 September 2025, the company cleared an interest-free loan of Rs 25 crore from promoter and managing director Milind Padole, with a provision to convert the amount into equity or warrants at a later date. The board also approved raising an additional Rs 50–60 crore via a preferential issue, the proceeds of which will be reinvested into Humro and subsequently converted into equity, subject to regulatory approvals.

The move follows an earlier announcement this month of an USD 8–10 million investment plan into Humro, formerly known as ARAPL RaaS, through a mix of promoter contribution, preferential issue and debt. Of this, Padole has committed USD 3 million in his personal capacity by diluting part of his shareholding in ARAPL. The balance is expected to be raised from institutional investors and debt markets.

The fresh capital will be deployed towards capex, order book execution and working capital requirements as Humro looks to scale up its operations. The Pune-based subsidiary has built a strong order pipeline of around Rs 32 crore, expected to start translating into revenues by FY26. It has also secured in-principle technology approvals from global clients in the United States and Europe, a step seen as critical for scaling its export business.

“Humro has built a robust product portfolio and secured validations from leading global clients, which is a significant endorsement for an Indian robotics company operating in such a competitive space,” said Mr. Milind Padole, Chairman and Managing Director, ARAPL.

“Over the past four years, we have steadily invested in R&D, intellectual property, and software-led automation platforms, giving us the confidence to compete with established global players. This fresh round of funding will allow us to accelerate our growth trajectory by scaling production, deepening customer engagements, and investing in our talent base. Importantly, it positions us to strengthen our US presence at a time when supply chain diversification and tariff-led cost dynamics are opening up new opportunities for Indian companies in advanced automation. Our focus will be on leveraging India’s cost advantage while continuing to deliver high-quality, reliable solutions that meet global benchmarks,” added Mr Padole.

Founded in 2005, ARAPL has emerged as a significant player in India’s automation landscape. The company has deployed more than 7,500 robots and 14,000 automated car parking systems, employs over 400 professionals, and operates a 350,000 sq. ft. facility on the outskirts of Pune. Its intellectual property portfolio includes nine patents and three proprietary software platforms.

The capital raising comes at a time when Indian automation firms are benefitting from global supply chain realignments and rising tariffs on Chinese imports into the US. With its mix of cost competitiveness and proprietary technology, ARAPL is seeking to position Humro as a serious contender in the fast-growing robotics-as-a-service (RaaS) and autonomous mobile robotics market, where demand is being driven by warehousing, logistics and advanced manufacturing sectors.

Currently, the global robotics market is dominated by Japanese, European and American majors, Indian players like ARAPL are beginning to carve out a niche by offering affordability and faster deployment cycles. The latest infusion underscores the company’s ambition to tap this opening and emerge as a credible global challenger.

The Estee Lauder Companies, Nykaa, & Startup India Announce Finalists for BEAUTY&YOU India 2025

India’s most promising beauty entrepreneurs will present their bold, category-defining ideas for a chance to win financial, distribution, and strategic support

NEW YORK, U.S. & MUMBAI, INDIA – September 25, 2025 – The Estée Lauder Companies Inc.’s (NYSE: EL) New Incubation Ventures, with lead partner Nykaa and the support of Startup India, are proud to announce the finalists for BEAUTY&YOU India 2025. Now in its fourth year, the program continues its mission to discover and support the next generation of India-focused entrepreneurs shaping the future of beauty in India.

Under the 2025 theme of Beauty Frontiers, 13 finalists have been selected representing some of the most promising talent and ideas across skin care, makeup, hair care, and fragrance. Blending creativity, technology, cultural insight, and innovation, they reflect the diversity and dynamism of India’s beauty ecosystem, with concepts spanning Ayurvedic science, microbiome innovation, inclusive beauty solutions, sustainability, and novel delivery formats.

Finalists were selected across three award categories: IMAGINE (best pre-launch beauty concepts), GROW (best in-market beauty brands), and BREAKTHROUGH (leading innovations in product, technology, or business model). Finalists will pitch their brands and concepts to an esteemed panel of industry leaders in Mumbai on October 7. Winners will be announced that evening at a special event with leaders across India’s beauty, startup, creative, and innovation ecosystems.

As the program continues to grow each year, women entrepreneurs are the ones leading the charge. Over 80% of this year’s applicants included at least one woman founder. For the first time, BEAUTY&YOU India will debut the Visionary Women’s Award, a new jury prize presented with Startup India, the Government of India’s initiative to strengthen the nation’s innovation ecosystem and empower the next generation of entrepreneurs. Inspired by The Estée Lauder Companies’ legacy as a beauty company founded by a trailblazing woman, the award will recognize the innovation and impact of an outstanding woman entrepreneur, with the winner announced during the final event.

All winners will receive mentorship from global beauty leaders and gain access to a broad network of strategic support. They will also receive financial support from a prize pool of up to $500,000, national visibility through Startup India, as well as brand-building and distribution support through Nykaa’s powerful ecosystem—spanning discovery, consumer insights, digital amplification, omnichannel presence, and access to its extensive network.

The 2025 BEAUTY&YOU India finalists are:

IMAGINE
Best pre-launch beauty concepts

Atypiical – Milli Patel, CEO: ATYPIICAL creates hybrid suncare that blends SPF, skin care, and makeup and is engineered for the modern Indian woman’s climate, skin tone, and beauty routine.

DRENCH – Srishti Kumar, Founder: DRENCH is an ingredient-first luxury body care brand that aims to make body care as effective as skin care, with clinically powered, sensorially indulgent products.

Skiom Pvt. Ltd. – Dr. Gautam Banerjee, Cofounder & CEO and Balaknath Datta, Cofounder & COO: Skiom is an Indian skin care brand that believes microbiome is the foundation of healthy skin, offering science-driven solutions that are tested on Indian skin.

Mimiq – Harsha Soundararajan, Founder: Mimiq is a complexion-focused makeup brand, creating inclusive, high-performance, long-lasting products for people with visible skin differences, such as vitiligo.

Allyv – Surabhi Sundarka, Founder & CEO: Allyv aims to bring the joy back into skin care by offering multi-functional, effective, and highly sensorial products.

GROW
Best in-market beauty brands

Antinorm – Aparna Saxena, Founder & CEO: Antinorm simplifies beauty with high-performance, climate-tailored, and multitasking products that replace multi-step routines.

Dermis Oracle – Ankit Tripathi, Founder & CEO and Kaksha Patel, Cofounder & Head of Product: Dermis Oracle is a pharmaceutical company offering clinically proven solutions to address specific skin concerns through its family of brands, including Seekcaus (suncare) and Anable (hair care).

Justhuman – Roshini Sanah Jaiswal, Founder & CEO and Nitin Chawla, Cofounder & Head of Strategy and Compliance: Justhuman offers neurocosmetics that make people look and feel good by harnessing the skin-brain connection to support both skin health and emotional well-being.

Project Qaafi – Aahan Chatterjee, Founder: Qaafi is a contemporary expression of Indian skin care, blending Ayurveda, botanicals, and science-backed actives with a design-first approach that’s culturally nuanced and crafted for today’s discerning consumer.

BREAKTHROUGH

Leading innovations in product, technology, or business model

Atmiya Innovations Foundation – Dr. Mousumi Das, Founder & Assistant Professor: Dr. Das has created CYALIP, an advanced lipcare product that utilizes stabilization technology to offer vibrant, pH-resistant, and light-stable coloration while preserving the pigment’s bioactive properties.

Cosmos Bio Private Limited – Dr. Bharat Somireddy, Cofounder & CEO and Sowjanya Venkata, Cofounder: Cosmos Bio is an industrial biotech company pioneering sustainable, cruelty-free bioactives for beauty and personal care.

Hitech Formulations – Jaspreet Singh Gulati, Founder & Director: Hitech Formulations created Lipocell™, a breakthrough encapsulation technology that stabilizes retinoids and other unstable actives without solvents—delivering safer, more effective formulations for pigmentation, anti-aging, and antioxidant-driven skin care.

Nanospin Technologies LLP – Naman H. Barot, Founder: Nanospin Technology LLP is changing skin care at the speed of sustainability with a quick-dissolve face sheet mask that delivers deep moisture and glow-boosting ingredients in seconds.

This year’s jury panel is composed of experts across The Estée Lauder Companies (“ELC”) and industry leaders including Akhil Shrivastava (Executive Vice President & Chief Financial Officer, ELC), Michelle Freyre (Global Brand President, Clinique and Dermatological Brands, ELC), Sumit Bhasin (Senior Vice President, Global R&D and Innovation for Fragrance, Makeup, and External Partnerships, ELC), Aïda Moudachirou-Rébois (Senior Vice President & Global General Manager, MAC Cosmetics), Rohan Vaziralli (General Manager, The ELC India), Anchit Nayar (Executive Director & CEO, Nykaa Beauty), Nivruti Rai (Head of Invest India), Katrina Kaif (Actor and Co-Founder, Kay Beauty), Gianandrea Ferrari (Chief Commercial Officer, Intercos Group), Dr. Jaishree Sharad (Celebrated Cosmetic Dermatologist, Author, and TEDX Speaker), Aabha Bakaya (Founder & CEO, Ladies Who Lead), and Gaurav Gupta (Couturier, Artist, and Designer).

Envision Energy India performs Ground-Breaking ceremony for Blade Plant in Gujarat

September 25, 2025: Envision Energy, a global leader in renewable energy solutions, performed the ground-breaking ceremony for its 2 GW/PA Blade Manufacturing Facility in Kalyangadh, Bavla Taluka, Ahmedabad District, Gujarat. The new facility marks Envision’s third manufacturing site in India and is a significant step in the company’s ₹500 crore expansion plan to deepen its presence and strengthen manufacturing capabilities in the country.

The ground-breaking ceremony was graced by Shri Devusinh Jesingbhai Chauhan, Hon’ble Member of Parliament (Lok Sabha), Kheda, Gujarat as Chief Guest in the presence of dignitaries including Shri Kiritsinh Sardarsang Dabhi, MLA, Dholka Assembly, Shri Om Prakash Jat, SP, Shri Durgesh Agarwal, Founder, DA Group, Shri Prateek Agarwal, Director, Ashwika Warehousing LLP, S H Rana, Divya Estate, Management and senior management from Envision Energy India, led by Mr. RPV Prasad, Managing Director among others.

The launch of Envision Energy’s new facility is fully aligned with the Ministry of New and Renewable Energy’s (MNRE) Make-in-India mandate, strengthening domestic manufacturing of renewable energy components and reducing reliance on imports. In addition, this milestone directly supports India’s national commitment to achieve 50% of its installed power capacity from non-fossil sources by 2030, underscoring Envision’s role as a trusted strategic partner in advancing the country’s clean energy transition.

The Gujarat facility will manufacture up to 1,500 blades annually using six moulds and will be equipped to produce blades for both 3.3 MW and 5 MW wind turbine platforms. In total, the project will support more than 4 GW of wind energy projects across 10+ sites in five districts of Gujarat, significantly strengthening the state’s renewable energy capacity.

The project will also generate significant local employment opportunities and strengthen the region’s industrial ecosystem by integrating with local supply chains and supporting ancillary industries. The Gujarat facility is expected to generate around 4,000 direct and indirect jobs by mid-2027 once it becomes fully operational.

Speaking on the occasion, Mr. RPV Prasad, Managing Director, Envision Energy India said, “This new facility in Gujarat is not just an investment in infrastructure, but an investment in India’s clean energy future. It reflects our commitment to supporting the Hon’ble Prime Minister’s vision of Atmanirbhar Bharat by strengthening domestic manufacturing, creating local employment and fostering industrial growth in the region.”

While addressing the event, Shri Devusinh Jesingbhai Chauhan, Hon’ble Member of Parliament (Lok Sabha), Kheda, Gujarat said, “Gujarat has always been an industry-friendly state with unmatched ease of doing business and energy will continue to play a vital role in driving our nation’s economic success. Employment generation and skill development are critical and I urge our youth to make themselves employment worthy, as India builds a sustainable future. With its commitment to clean energy and innovation, Envision represents the kind of vision that will help India become a developed nation by 2047. We welcome Envision to Gujarat and look forward to their contribution in nation building.” This facility in Gujarat is being developed by DA Group and constructed by Ashwika Warehousing LLP, jointly contributing to the creation of a greener and better India.