Category Archives: Business

Ignition 4.0: Reigniting Purpose, Driving Performance – PBPartners Celebrates Its Sales Force Across India

PBPartners, the PoSP arm of Policybazaar, launches Ignition 4.0, a powerful, pan-India initiative designed to energise, motivate, and reward its internal sales teams for their relentless contribution to the organisation’s growth in FY24–25, and is now gearing up for an ambitious FY25–26.

 Ignition 4.0 spans 8 cities, bringing together all PBPartners sales employees through on-ground events, workshops, and training modules, providing them with practical insights and direction for the road ahead.

 Central to this initiative is ‘The PBP Way’– seven core principles that define the company’s culture and performance ethos: Discipline, Ownership, Execution, Innovation, Agility, Collaboration, and Customer Obsession.

 These values are being reinforced in everyday decision-making and performance goals. Through focused discussions and workshops:
● Discipline is being strengthened by setting clear targets and tracking results
● Ownership is being encouraged by assigning personal accountability to regional managers and leaders
● Execution is being driven through a relentless focus on action, outcomes, and consistency

 “Ignition 4.0 is more than an internal program and is a movement to reiterate our values, celebrate our people, and set the tone for the new fiscal year. Through this platform, we aim to empower every member of our sales team to take ownership, stay focused, and execute with purpose,” said Neeraj Adhana, National Sales Head at PBPartners.

  Ignition 4.0 also marks PBPartners’ intent to amplify its impact across geographies. It reflects the organisation’s commitment to building a resilient workforce across Bharat that can navigate the evolving insurance landscape with agility and purpose.

 As PBPartners continues to push boundaries in the PoSP space, Ignition 4.0 stands as a powerful symbol of appreciation, alignment, and ambition, fueling a culture where every employee feels connected, valued, and ready to take on the future.

Launched under the visionary leadership of Neeraj Adhana, National Sales Head at PBPartners, Ignition has evolved into a cornerstone initiative for the organization, anchored in driving motivation, celebrating excellence, and reinforcing the company’s long-term strategic direction.

 While Ignition 3.0 focused on agent partners, aiming to deepen engagement, promote collaboration, and provide tools and strategies for their growth, Ignition 4.0 is dedicated exclusively to PBPartners’ internal sales teams. Its core objective is to appreciate their hard work in FY 24-25 while energizing and preparing them for success in FY 25-26.

 “Ignition 4.0 is more than an internal program and is a movement to reiterate our values, celebrate our people, and set the tone for the new fiscal year,” said Neeraj Adhana, National Sales Head, PBPartners. “Through this platform, we aim to empower every member of our sales team to take ownership, stay focused, and execute with purpose.”

 Spanning 8 cities across India, Ignition 4.0 adopts a Pan-India approach, moving beyond its earlier North India focus. The program will bring together all PBPartners sales employees through on-ground events, workshops, and training modules, providing them with practical insights and direction for the road ahead.

 At the heart of this edition lies the “PBP Way”—a framework of 7 guiding principles that shape the organization’s work ethic and culture. This year’s Ignition reinforces three core principles:
● Discipline: Through clearly defined targets and continuous progress tracking
● Ownership: By assigning personal accountability to Regional Managers and leaders
● Execution: With a strong emphasis on action-oriented goals

 The program is being led by Neeraj Adhana along with PBPartners’ Regional Managers, ensuring strong leadership direction throughout the initiative. As PBPartners continues to scale new heights in the PoSP ecosystem, Ignition 4.0 plays a crucial role in aligning teams with the company’s vision, growth strategy, and culture of high performance.

Sudha Reddy Puts Hyderabad on Global Stage as Miss World’s First-Ever Global Ambassador

Hyderabad: June 02, 2025: Making history for Hyderabad once again, billionaire heiress and global humanitarian Sudha Reddy illuminated the 72nd Miss World Festival finale with her regal presence, marking a momentous occasion as she was formally appointed the first-ever Global Ambassador for the Miss World Organization. The appointment heralds a new era for the renowned pageant and underscores Reddy’s unwavering dedication to philanthropy and global betterment.

MEIL Director Sudha Reddy’s appointment follows the felicitation of Founder and Chairperson of Reliance Foundation Nita Ambani who was bestowed with the Miss World Humanitarian Award last year, setting a precedent for Indian women leaders to engage in global humanitarian efforts.

Sudha Reddy, embodying sophisticated grace, captivated attention at the event in a custom Tarun Tahiliani saree, a true testament to artistry and craftsmanship. Her saree featured a delicate blush Kanjeevaram base in authentic zari, woven with a William Morris-inspired pattern of flowers and vines in subtle shades of jade, Mughal mango, and coral, creating a fresh, summery effect. The design cleverly blurred the lines between saree and gown, featuring an extra-long, trailing pallu and lace wings adorned with raffia, resham, crystals, and French knots, cascading in a romantic and sensual array of elements. Sudha Reddy presented herself as a powerful symbol of feminine strength. The ensemble, much like Sudha herself, was both deeply rooted and forward-looking. It was not designed for mere spectacle, but shaped by profound meaning, crafted to honor heritage while embracing the future with clarity and purpose. Completing the regal aura, a breathtaking 250-carat neckpiece, meticulously set in white gold with lush emeralds, fiery rubies, serene sapphires and brilliant diamonds, adorned her neckline.

In her new role as the Global Ambassador for Beauty With A Purpose, the Miss World Organization’s charitable arm, Reddy will champion global outreach, promote crucial humanitarian efforts and share inspiring stories from around the world.

In anticipation of the final competition, Reddy orchestrated the opulent Beauty With A Purpose Gala, held at her private residence, Mon Amour Palais and featuring the participation of 108 contestants. The event was showcased in Times Square, New York, representing a signal moment for the state of Telangana.

In her acceptance speech, Sudha Reddy, a passionate advocate for Indian craftsmanship and heritage, expressed deep emotion upon receiving the award. She emphasized the personal significance of being recognized in her home state, surrounded by her community, and conveyed her enthusiasm for the responsibilities of her new role, whilst thanking the Telangana government and tourism board for their support towards impeccably hosting the pageant in the state.

Julia Morley, Chairperson and Founder of the Miss World Organization, presented the award to Sudha Reddy, expressing sincere gratitude for her support and congratulating her on her significant new role. Following the recognition, Reddy presented the Beauty With A Purpose Award to Miss Indonesia.

In addition to this prestigious ambassadorship, Reddy served on the jury for the Miss World 2025 Grand Finale, contributing her expertise and unique global perspective to the selection of the titleholder.

The Miss World event’s return to India after nearly 30 years marks a historic occasion. Hyderabad welcomed delegates from over 100 nations to celebrate beauty, culture, and purpose. Beauty With A Purpose, established in 1972, remains the core of the Miss World Organization, dedicated to funding and supporting humanitarian projects addressing critical issues such as child health, women’s rights, education, and disaster relief.

Sudha Reddy is a distinguished philanthropist, businesswoman, and cultural ambassador. As Director of Megha Engineering & Infrastructures Limited (MEIL), she has demonstrated a commitment to corporate social responsibility, commaunity development, and wellness programs. She chairs the Sudha Reddy Foundation, focusing on education and empowerment, with partnerships including UNICEF and the Global Gift Foundation. Reddy is also known for her appearances at high-profile events like the Met Gala, Paris Olympics, and Cannes Film Festival, using these platforms to further her philanthropic endeavours.

Techflow Launches High-Capacity Smartphone Refurbishment Hub in India, Boosts Sustainability and Retail Growth

India, 31st May, 2025: Techflow, India’s emerging leader in smartphone recommerce and refurbishment, today announced the official launch of its flagship refurbishment facility in India. With an impressive annual processing capacity of over 400,000 devices, the company is set to redefine India’s engagement with pre-owned electronics by offering a unique blend of quality, scale, sustainability, and retail empowerment.

Founded by Shivam Gupta and Anshul Gupta, Techflow has established an integrated ecosystem for smartphone refurbishment. This initiative is designed to empower retailers, significantly reduce e-waste, and make high-quality smartphones more accessible across the country.

The new 16,000 sq. ft. facility is equipped with cleanroom-standard workstations and boasts a monthly throughput of over 35,000 smartphones. Each device undergoes rigorous 50-point diagnostic and grading protocols, ensuring high quality. All refurbished smartphones come with tamper-proof packaging and a warranty ranging from 6 to 12 months. The facility also features an integrated backend system connected with retailers, marketplaces, and enterprise partners, streamlining the entire process.

Speaking to the media, Mr. Anshul Gupta, Co-Founder of Techflow, said, “Our mission is to build the backbone of India’s circular electronics economy. We’re not just refurbishing devices; we’re reimagining how India perceives and purchases refurbished technology, instilling trust, scaling operations, and serving a clear purpose. The company is also dedicated to strengthening India’s retail sector. We are building India’s largest trusted retail network for refurbished smartphones. This segment has historically been fragmented and lacking transparency; we are changing that through transparency, traceability, and technology.”

On this Occasion, Mr. Shivam Gupta, Co-Founder of Techflow, said, “Techflow is deeply committed to environmental sustainability. Refurbishing a single smartphone can save up to 60kg of carbon emissions and over 100 liters of water. At scale, our operations will become a significant sustainability engine for the industry. The company aims to prevent over 1,000 tons of e-waste annually.”

Looking ahead, Techflow plans to scale its operations to process 1 million smartphones annually. The company also intends to launch India’s most transparent trade-in platform and expand its sales presence to over 250 cities nationwide.

Vardhman Amrante Announces Land Acquisition at Prime Strategic South City Canal Road, Ludhiana

Vardhman Amrante, a venture of the Oswal Group, announces the acquisition of a prime 7-acre land parcel in South City, Ludhiana. Strategically located on main Canal Road, the upcoming mixed-use project—featuring upscale commercial and retail spaces, a landmark presence in the hospitality sector, Largest entertainment centre, F&B and a multiplex is set to redefine urban luxury and lifestyle of the region.

South City is a thriving urban region beautifully surrounded around by Sidhwan Canal rated highly by residents for connectivity and safety. The area boasts renowned residential townships and developments, excellent healthcare facilities, educational institutions, and is well-served by prominent retail and entertainment destinations

“This acquisition is more than a real estate transaction—it’s a vision for Ludhiana’s future. South City Canal Road holds immense promise, and we are committed to transforming this region into a vibrant urban landmark for generations to come. We are known for crafting spaces that reflect global sensibilities while staying deeply rooted in Punjab’s aspirational spirit,” says Mr. Adish Oswal, Chairman of Oswal Group and the third-generation entrepreneur.

With over 75 years of trust and excellence in textiles and real estate, the Oswal Group continues to lead the transformation of Ludhiana’s skyline. The Group has already delivered four landmark projects, over 12 lakh square feet of built-up space, and the trust of more than 1,500 investors and associates — all standing as a testament to group’s unwavering commitment to quality and excellence.

redRail Ends Travel Anxiety with Industry-First ‘Seat Guarantee’ for Waitlisted Tatkal Tickets

National, 31st May 25: redRail, the train ticketing platform by redBus, and IRCTC authorized partner, has recently launched a game-changing feature for train travellers ‘Seat Guarantee’, which is an industry-first solution designed to eliminate the stress and uncertainty of waitlisted Tatkal bookings. Users booking a waitlisted Tatkal ticket on select trains through redRail can opt to pay a small Seat Guarantee premium along with the regular Tatkal fares as per IRCTC pricing, to avail the feature. If the ticket doesn’t get confirmed, travellers receive 3X the ticket amount as refund (full ticket refund value and an additional 2X refund value as a voucher coupon on redBus or redRail).

For years, booking Tatkal tickets has been the source of worry and uncertainty, where travellers book under pressure at the last minute and are often stuck with waitlisted tickets and no backup. Tatkal seats as a category see very high demand; for example IRCTC e-ticketing platform saw its highest hourly booking record of 1,85,513 during tatkal hours between 10 A.M. to 11 A.M. on 21-03-2024 in FY 2023-24. With low confirmation rates and no guarantees, waitlisted Tatkal bookings have been a major source of travel anxiety. redRail’s new feature -Seat Guarantee on tatkal tickets, tackles this problem effectively.

Most users who availed the feature have travelled on confirmed tatkal tickets. For the others, the 3X refund in credits ensures quick recovery and alternate planning. The feature is currently available on select trains, and currently the highest uptake has been seen in South India, followed by the Western region. In addition to Tatkal, the Seat Guarantee feature is already live for the waitlist for general quota bookings.

“Tatkal booking is one of the most stressful moments in an Indian rail traveller’s journey. There’s a narrow window, limited supply, and low confirmation rates, especially for waitlisted Tatkal tickets. We saw that users wanted to book tickets but at times they held back due to uncertainty. That’s what prompted us to build ‘Seat Guarantee for tatkal tickets’. It’s a tech-led solution designed to unlock trust and confidence in last-minute train travel. With this offering, we’re not just solving a functional problem, we’re helping millions of users make more assured, anxiety-free booking decisions in critical travel moments” said Prakash Sangam, CEO, redBus.

Stellar Performance by IFFCO in FY 2024-25, Sales of Nano Fertilizers Increased by 47%

New Delhi, 31st May, 2025: World Number 1 Cooperative, IFFCO booked a profit of INR 3,811 Crore as profit before tax for the FY 2024-25 along with 47% increase in the sales of Nano Fertilisers. This Financial year (2024-2025) 365.09 Lakh bottles of Nano-Fertilizers were sold as compared to 248.95 Lakh bottles sold in the previous financial year (2023-2024). IFFCO recorded a Turnover of INR 41,244 Crore during the FY 24-25.

Sh. Dileep Sanghani, Chairman, IFFCO during his interaction with the media said that It’s a matter of proud for the entire cooperative sector of country that the stellar growth figures of IFFCO is realising the dream of “Sahakar Se Samriddhi”. He informed that the Society has registered a profit of more than ₹3000 Crores for three consecutive financial years. He further said that for the last 23 consecutive years, IFFCO has rewarded its members with a 20% dividend on the paid-up share capital- highlighting its dedication and commitment to equitable and sustainable growth. Nano-fertilizers has been the key focus area for the society with support from the Union Ministry of Chemicals and Fertilizers, extensive awareness campaigns and research helped the society increase the acceptance of the products among the farmers.

Out of 365 Lakh bottles sold, 268 Lakh bottles of IFFCO Nano Urea Plus (Liquid) and 97 Lakh bottles of IFFCO Nano DAP (Liquid) were sold during FY 2024-25. The sales of IFFCO Nano Urea Plus (Liquid) is 31% and IFFCO Nano DAP (Liquid) is 118% higher as compared to FY 2023-24. This sale volume is equivalent to 12 lakh Metric Tonne of Conventional Urea and 4.85 Metric Tonne of conventional DAP. IFFCO’s WSF/Speciality Fertilizers/Sagarika Granule Fertilizer have achieved sales of 1.92 Lakh MT. The sale of WSF/Speciality Fertilizers is 1.30 Lakh MT which is 2% higher than last FY. Sales of Sagarika Liquid is 11.55 Lakh litre which is 33% higher, Sagarika Granule is 68,000 MT which is 28% higher and Bio-fertilizers is 8.61 Lakh Litre which is 35 higher than the last FY.

Dr. U. S. Awasthi, MD, IFFCO stated that IFFCO will be also launching Nano NPK fertilizer in Granular form for soil application in basal dose. Nano NPK fertilizer is enriched with Magnesium, Sulphur, Zinc and Copper which would help in increasing the crop productivity & would minimize nutrient losses. This along with Liquid Nano Urea Plus and Liquid Nano DAP can eliminate the use of traditional chemical fertilisers from the soil. It will further promote balanced nutrition with higher use efficiency of primary nutrients. He further said that IFFCO will be also launching Nano Zinc, Nano Copper in Liquid form in size of 100ml bottle to fulfil the micro-nutrients need. By incorporating Nanotechnology, drone technology, Al technologies, IFFCO is transforming the agriculture & food value chain across the country. In a short span of time, IFFCO’s Nano Fertiliser has gained a global recognition, with various countries such as Brazil, Kenya and The United States of America has expressed strong interest to adopt the Nanotechnology. IFFCO has expanded its presence in over 40 countries, with superlative performance and reduced fertiliser usage recorded in the USA, Brazil, Slovenia, Mauritius, Zambia, Nepal, and Bangladesh. Apart from this, Managing Director also emphasized on the need to preserve ‘Desi’ Seeds (Beej) with indigenous inventions, on the same lines IFFCO has also taken an initiative to build a state-of-the-art Seed Innovation Centre at Kalol Unit.

IFFCO honoured two eminent cooperators with ‘IFFCO Sahakarita Ratna Award’ and ‘IFFCO Sahakarita Bandhu Award’ for the year 2023-24. Shri Mansinhbhai Kalyanjibhai Patel is bestowed with ‘IFFCO Sahakarita Ratna Award’. Shri Patel belongs to Gujarat State, and he has worked at ground level among cooperatives to make cooperative movement strong with his countless and persistent efforts. He is also the founder of Shree Mahuva Pradesh Sahakari Khand Udyog Mandali Ltd. in Gujarat. Shri Amrik Singh a familiar face of cooperative in Haryana State has been honoured with ‘IFFCO Sahakarita Bandhu Award’ for the year 2023-24, Shri Amrik Singh has also worked at grassroot level to strengthen the cooperative networks across the Haryana and in many northern states of India. He has also been honoured by the Haryana Government in past for his exemplary services in Agriculture Sector.

During the FY 2024-25, IFFCO also initiated a nationwide “Model Nano Village/ Clusters Project” from 1st July 2024, selecting 203 village clusters spanning 2000 acres each as pioneers in the adoption of Nano fertilisers for reducing the use of bulk fertilisers with an increase in crop productivity & quality. More than 90,000 farmers have been registered in the Nano Village Portal covering 5 lakh acres, with 40,000 farmers purchasing over 5.30 Lakh bottles of IFFCO Nano Fertilisers and Sagarika and 72,000 acres sprayed by Agri Drones. This project led to a 28.73% reduction in chemical fertiliser use and a 5.8% increase in crop yield. Further, IFFCO is exploring options to use the data on chemical fertilisers reduction for the Carbon Credit Project for certification of GHG emission reduction through use of Nano Fertilisers by reducing use of chemical fertilisers.

In FY 2024–25, an “Agro Climatic Zone wise Nano Fertiliser Trials” were also conducted under the guidance of the Department of Fertilizers (DOF), Ministry of Chemicals and Fertilizers, Government of India, under Mega Campaign. IFFCO undertook 1,470 two-plot demonstrations (200 for Nano Urea Plus and 1,270 for Nano DAP) across 15 Agro Climatic Zones in India. These trials recorded average yield increases of 5.27% for Nano DAP and 5.28% for Nano Urea over traditional practices

IFFCO distributed over 2.5 lakh sprayers and introduced “IFFCO Kisan Drone” to provide Agri Drones for spraying IFFCO Nano Urea & Nano DAP to the farmers. IFFCO procured 1764 Drones along with Electric Three Wheelers (EVs) to facilitate application of IFFCO Nano Urea & Nano DAP (Liquid) and provided training to rural entrepreneurs to offer spray services to the farmers.

IFFCO is ranked World’s No.1 Cooperative (with respect to ratio towards contribution to GDP) according to World Cooperative Monitor (WCM) Report published by EURCISE and International Cooperative Alliance (ICA), the premier International cooperative body. IFFCO has a pan-India presence, supported by a vast network of over 35,600 cooperative societies as its members. With more than 500 field offices spread across 21 states, IFFCO serves and supports over 5 crore farmers across the country. The organization also has a strong global footprint with presence in 4 countries. IFFCO have in total 10 manufacturing units.

It is a matter of pride for the cooperatives as, Dr. Udai Shanker Awasthi, MD, IFFCO was bestowed with ‘Rochdale Pioneers Award’ 2024 during ICA 2024 Conference last year in New Delhi. Dr. Awasthi was also honoured with title of ‘Fertiliser Man of India’ during 8th National Conference of Sahkar Bharati for his lifetime remarkable contribution in the field of Fertiliser and Agriculture of Country.

PHDCCI highly appreciates strong GDP growth of 7.4% reinforcing India’s position as a fast-growing major economy

India’s economy has maintained a steady growth trajectory, with Real GDP expanding by 6.5% in FY 2024–25. In nominal terms, GDP grew by 9.8% highlighting India’s position as one of the fastest-growing major economies globally said Mr. Hemant Jain, President, PHDCCI, in a press statement issued here today.

The growth was largely driven by healthy growth in private consumption, and capital formation. The Private Final Consumption Expenditure (PFCE) increased by 7.2%, while Gross Fixed Capital Formation (GFCF) rose by 7.1% in Q4FY2025, reflecting investment-led momentum said Mr. Jain.

GVA growth in Q4 was led by 10.8% growth in construction sector followed by public administration and defence-related services at 8.7%. Sectorial trends show that construction emerged as the fastest-growing sector for the full fiscal year (FY2025) at 9.4%, followed by public administration and defence-related services at 8.9% and financial, real estate, and professional services at 7.2%, he said.

Per capita GDP in real terms increased by 5.5%, reaching ₹1.33 lakh, while per capita Gross National Income stood at ₹1.31 lakh, marking a 5.4% rise. These gains suggest broad-based improvements in economic well-being, he said.

Going forward we anticipate stronger GDP growth aided by improved agricultural output, sustained infrastructure activity, and strong domestic consumption. Continued government focus on public investment and structural reforms, are expected to catapult India’s growth momentum in FY2026, he said.

EFC India posts 71.7% jump in consolidated PAT at Rs 47.97 crore in Q4FY25 backed by a strong demand and higher rental incomes

Pune, May 30, 2025: Integrated office infrastructure and design company, EFC (I) Limited, posted 71.7 per cent growth in net profit on a consolidated basis at Rs 47.97 crore for the fourth quarter ended March 31, 2025, as against Rs 27.94 crore same period last year on the back of a strong demand for managed services and design and build services.

Revenue from operations on a consolidated basis increased by 126.4 per cent at Rs 211.01 crore during the quarter under review, as compared with Rs 93.2 crore last year.

EBITDA during the quarter under consideration increased by 108.9 per cent at Rs 109.31 crore as against Rs 52.31 crore last year.

For the year ended March 31, 2025, the company’s consolidated net profit increased by 122.4 per cent at Rs 140.77 crore as compared with Rs 63.3 crore in 2023-24. Consolidated revenue from operations grew by 56.6 per cent at Rs 656.74 crore as against Rs 419.46 crore last year.

Commenting on the results, Umesh Sahay, Founder & CEO, EFC (I) Limited, said, ““We are pleased to close FY25 with a strong set of results, which is a reflection of the strong underlying demand for our managed services and Design & Build services offerings. Moreover, our integrated business model positions us well for the future. The robust profitability also underscores the strength of our business model which will improve as we scale operations beyond the current level. The year gone by (FY25) was a year of significant milestones for the company. During the year, we closed the strategic acquisition of Bigbox Ventures, a managed workspace company in Pune. We also acquired properties in some of the prime locations as part of our long-term business strategies. We believe that our stellar growth in the design & build vertical bodes well for the company’s future strategic growth.”

There has been a good demand for co-working spaces from sectors such as IT& ITeS, BFSI, new-age start-ups, e-commerce, consulting and the global captive centres. With the recent capacity additions, the company is confident of catering to the growing demand. While the higher volumes will shore up its topline, the high-margin furniture and fit-out contracts business is expected to improve its profitability further moving forward.

Abans Financial Services Reports Strong FY25 Results

Mumbai, 30-05-2025 – Abans Financial Services Limited (AFSL) announced its audited financial results for the year ended March 31, 2025, underscoring its sharp focus on building a fee-led, globally integrated financial services platform. The company delivered strong performance across key metrics, driven by its asset management and agency businesses.

Strategic Shift Toward Scalable Fee Income

AFSL’s results reflect a business evolving in the right direction—with sustainability at the core. The agency business, comprising fund advisory, portfolio services, and brokerage, has become the backbone of AFSL’s profitability engine. In FY25, this segment contributed nearly 70% of total EBIT, continuing its steady climb from 25.1% in FY23.

“This upward trend in fee income reflects our intent to build a business that is not just growing—but growing right,” said Mr. Nirbhay Vassa, Executive Director & Group CFO. “As the mix of revenue shifts toward more annuity-led income, the quality of earnings improves, making us more predictable, scalable, and globally relevant.”

Global Asset Management Growth

With total Assets Under Management at ₹3,210 Cr, AFSL is reinforcing its stature as a rising global asset manager. The flagship Global Arbitrage Fund (GAF) has become a cornerstone of this growth, now managing over ₹831 Cr. The fund continues to draw strong interest from international investors looking for consistent, risk-adjusted returns across asset classes and geographies.

Well-Positioned for FY26 and Beyond

AFSL enters FY26 with a clear ambition:

 To scale as a global financial services platform, built on  fee-based income,  strategic distribution, and  world-class asset management practices.

Quote from Abhishek Bansal (Promoter and Chairman)

“At Abans, we’ve always believed that in the world of finance, trust is the only lasting currency. Everything else—capital, risk, opportunity—flows around it. FY25 has reaffirmed this belief. As we scaled up operations, attracted new capital, and grew our global investor base, what stood out most was the trust placed in us—by partners, clients, and teams across geographies.

This was a year of transformation. We crossed ₹3,200 Cr in assets under management, witnessed a structural shift in our earnings mix—with nearly 70% of our EBIT now driven by fee-based income, and mobilized over ₹1,000 Cr through our distribution networks. These are not just numbers—they represent a business model that is becoming more stable, predictable, and globally respected.

But what gives me greater confidence is how we’ve achieved this growth—without over-leveraging, without compromising our risk framework, and without deviating from our long-term strategy. We have stayed true to our core: building a financial services platform that is capital-light, globally scalable, and rooted in governance.

FY25 was about proving the strength of our foundation. FY26 will be about building on it—with conviction, with discipline, and most importantly, with trust at the centre of everything we do.”

Manappuram MD V.P. Nandakumar Wins CSR Leadership Award at India Philanthropy Summit 2025

Valapad, Thrissur, Mr V.P. Nandakumar, Managing Director & Chief Executive Officer of Manappuram Finance Ltd, has been awarded the prestigious 2025 EdelGive Hurun India – Exemplary Leadership in Corporate Social Responsibility Award at the India Philanthropy Summit and Awards 2025 in Mumbai on Thursday evening.

 The award was presented to Mr Nandakumar by Ms Naghma Mulla, Chief Executive Officer of the EdelGive Foundation, and Mr Anas Rahman Junaid, Founder of Hurun India. The awards ceremony recognised and celebrated leaders of organisations across the country whose philanthropic efforts have positively impacted the lives of millions.

  “It is a profound honour to receive this prestigious award. I am truly humbled by this recognition of Manappuram Foundation’s philanthropic efforts. We have always believed that making a difference in even one person’s life is a success in itself. Thank you for your unwavering trust and support,” said Mr Nandakumar upon receiving the award.

 Other distinguished recipients at the ceremony included Ms Shallu Jindal of the Jindal Foundation and Ms Zarina Screwvala of the Swades Foundation.

Pioneering Corporate Social Responsibility
Manappuram Finance Ltd, through its CSR arm, the Manappuram Foundation, has been conducting groundbreaking philanthropic work. Long before CSR became a statutory obligation in India, Manappuram Finance Ltd was already making notable contributions to society. To streamline and expand these efforts, the Manappuram Foundation was established in 2009 as a charitable trust under the dynamic leadership of Mr Nandakumar, who also serves as its Chief Patron and Managing Trustee. The Foundation operates under a clear and compassionate vision: “To build healthy, educated, and happy communities.”

Key Initiatives and Impact
Since its establishment, the Manappuram Foundation has undertaken an extensive range of community welfare programmes, with particular emphasis on health and education for economically and socially disadvantaged communities.

 One of the Foundation’s pioneering initiatives was the Janaraksha Manappuram Free Health Insurance Scheme, launched in 2010. This flagship project provided complimentary health insurance to approximately 20,000 Below Poverty Line (BPL) families in the coastal regions of Thrissur. Over its seven-year duration, the scheme reimbursed nearly ₹11 crores in medical expenses, covering a comprehensive range of treatments with no age restrictions. Notably, this innovative model predated the Government of India’s national health insurance programme, Ayushman Bharat, which was launched in 2018.