Category Archives: Business

Reliance General Insurance delivers PAT up YoY by 12.5% at INR 315 cr, Gross Direct Premium of Rs12,548 crore – up 7.4% YoY, outpacing industry growth of 5.2%

Mumbai, May 26, 2025: Reliance General Insurance Company Limited (the Company), delivered a resilient performance in FY 2024–25, underpinned by its digital-first approach, customer-centric products, and diversified distribution strategy. It continued to expand footprint across retail, corporate and government business segments while maintaining robust risk management practices.

The company, which faced strong headwinds being under IBC for nearly 3 years, has been acquired by IndusInd International Holdings Limited (IIHL). In order to resurrect the position of the Company, the new promoter has already infused capital amounting to Rs. 300 crores. Distribution channel being one of the core advantages in the insurance business, Promoter’s adjacencies to a vast pan-India network, will also be a boost to the company’s reach.

Key performance highlights for the year ended March 31, 2025, are:

· Gross Direct Premium (GDP): ₹12,548 crore – a YoY increase of 7.4%, outpacing general insurance industry growth of 5.2%. With effect from October 1, 2024, Long-term Products are accounted on a 1/n basis, as mandated by IRDAI. Adjusted for the 1/n accounting impact, GDP growth stands at 8.5%.

· Profit After Tax (PAT): ₹315 crore – a YoY growth of 12.5%.

· Investment Book: ₹21,358 crore – up from ₹20,514 crore in FY24, with one of the best Investment AUM to Net Worth ratio of 6.2x, indicating a strong cash position.

· Net Worth: ₹3,429 crore – an increase of 10.2% YoY.

· Solvency Ratio: Maintained at 1.59x – comfortably above the regulatory requirement of 1.50x.

· Capital Infusion: ₹100 crore infused in May 2025 by the parent company, Reliance Capital Limited, reinforcing the company’s financial strength and growth momentum.

Operational Highlights:

· Expanded National Reach: Over 1,15,000+ customer touchpoints established across India, enhancing service accessibility.

· Innovative Product Launches: Introduction of new-age insurance solutions across motor, health, and SME segments to meet evolving consumer demands.

· Claims Excellence: Achieved a best-in-class claims settlement ratio of 99.57% (Claims settled < 3 months), reinforcing the Company’s reputation for reliability and customer trust.

· Technology-Driven Growth: Continued investments in AI-led underwriting and digital solutions to improve efficiency, risk assessment, and customer experience.

Commenting on the Company’s performance, Mr. Rakesh Jain, CEO of Reliance General Insurance, said: “FY 2024–25 marked a year of disciplined execution, strategic investments, and resilient growth, even in a dynamic and challenging market environment. Our continued focus on delivering seamless customer experiences, adopting cutting-edge technologies, and investing in talent has helped us build a strong, future-ready organisation. We remain steadfast in our commitment to protecting the aspirations of millions of Indians through innovative and trusted insurance solutions.”

He further added that “The successful conclusion of the CIRP of Reliance Capital Limited in March 2025 has opened a transformative new chapter for us under the stewardship of IndusInd International Holdings Limited (IIHL). With IIHL’s strong financial backing and proven expertise in financial services, we are confident in our ability to accelerate our growth journey and lead the next wave of innovation in India’s general insurance sector.”

The strategic support and long-term vision of IIHL are expected to bring enhanced operational agility, capital strength, and digital innovation capabilities to RGICL. This partnership will empower the Company to scale new heights by deepening distribution partnerships, embracing cutting-edge technologies, and reinforcing its commitment to customer-first innovation.

Well-positioned in a growing market, Reliance General Insurance is now equipped to lead the next wave of growth in India’s general insurance sector, delivering greater value to policyholders, partners, and stakeholders alike.

The Company has been awarded the Best Brand award by ET Now, Best Use of Technology & Best CX Team of the year 2025 by Bharat BFSI Leadership Summit & Awards. The company is also recognised as a “WOW Workplace 2025” by Jombay, reflecting the company’s commitment to creating an inclusive, empowering, and engaging workplace.

Mark Every Milestone in Style with Mia by Tanishq’s exciting offers, this ‘Joy of Gifting’ Season

Chandigarh, May 2025: Mia by Tanishq, one of India’s leading fine jewellery brands, announces the ‘Joy of Gifting Festival’, just in time for the wave of the wedding season and graduation celebrations. This limited-time offer gives customers flat 20% off on making charges of diamond jewellery, making it the perfect time to gift something precious for the many milestones life brings.

 With the wedding season in the air, Mia offers a thoughtful curation of jewellery that makes gifting effortless—whether you’re honouring the bride on her big day, curating meaningful pieces for the bridesmaids, or looking to gift the family and friends of the couple. Mia’s contemporary yet timeless designs cater to every kind of celebration, ensuring that your gift is as memorable as the moment itself.

 Beyond weddings, the Joy of Gifting Festival arrives at the perfect moment for students graduating into new chapters of their lives. Celebrate academic milestones with a piece of fine jewellery that marks not just achievement, but the promise of what lies ahead. Whether it’s for a loved one or a personal reward, Mia’s stunning assortment of collections are perfect to make graduation moments shine.

Mia by Tanishq offers an array of collections, made in 14kt and 18kt gold, adorned with certified natural diamonds. Available at sweet selling price points, the brand offers versatile pieces that can be worn everyday or thoughtfully gifted to loved ones. Innovative designs, including elaborate earcuffs, brooches that double as pendants, lightweight earrings, stackable bracelets, trendy sui-dhagas and intricate ring. The brand’s latest collection – The ‘Mia Fiora’ Collection brings delicate floral motifs to life, featuring intricate designs that reflect the freshness of spring and the essence of personal growth. Gold filigree petals, dainty layered patterns, and hand-carved stones come together to create pieces that celebrate sophistication and individuality.

Dynamic hospitality leader joins Courtyard by Marriott Navi Mumbai as Director of Sales and Marketing

Mumbai, 23rd May 2025 — Courtyard by Marriott Navi Mumbai has appointed Nitin Gohri as its new Director of Sales and Marketing. Nitin’s exceptional track record in driving revenue growth and delivering unparalleled customer experiences positions him as a valuable asset to the hotel’s innovative team

In his capacity as the Director of Sales and Marketing, Nitin will spearhead the hotel’s strategic marketing initiatives, brand development, sales and customer engagement strategies to further promote the commercial interests of the award-winning property and strengthen its position as a premier destination in the Navi Mumbai market.

Eager to embark on this new journey at Courtyard by Marriott Navi Mumbai, Nitin said on his announcement, “I am thrilled to join the dynamic team at Courtyard by Marriott Navi Mumbai which is strategically located and contribute to the brand’s legacy of exceptional hospitality and create newer streams for revenue. Together, we will cultivate memorable experiences for our guests and achieve new milestones of excellence.”

Nitin’s remarkable career includes successful stints with prestigious hotel brands, where he played pivotal roles with Westin Goa, Taj Land’s End, Park Hyatt Hyderabad, Taj Palace New Delhi.

Swiggy’s SNACC Launches Bengaluru’s First ‘Droolboard’ to Celebrate 10-Minute Meals

National; May 23rd, 2025: Swiggy Limited, India’s leading on-demand convenience platform, turned heads and sparked smiles with its one-of-a-kind installation at Forum Mall, Koramangala, a larger-than-life emoji billboard that was quite literally drooling, for SNACC. The ‘Droolboard’ was a playful take on how irresistible the food from SNACC, Swiggy’s 10-minute snack and beverage delivery service.

The idea is simple yet bold: the food on SNACC is so fresh and delicious, even a billboard can’t help but drool. Featuring an oversized 3D smiley face complete with a dramatic ‘drool’ element spilling off the edge, the billboard brings alive the joy (and hunger) that SNACC dishes promise to deliver in just 10 minutes.

Conceptualised by Swiggy’s internal creative team and brought to life by Madison, the installation combines visual humour with strategic placement, right at one of Bengaluru’s busiest lifestyle hubs, ensuring it’s impossible to miss. From identifying the ideal location to managing the end-to-end execution, Madison helped turn the quirky concept into reality.

The Droolboard’s impact is designed to linger, sparking curiosity, camera clicks, and conversations. It’s an extension of what SNACC stands for: speed, taste, and a little bit of fun in every bite. With SNACC, Swiggy continues to innovate the way India snacks, serving up hot meals faster than you can scroll through a menu.

SNACC was launched early this year with Bengaluru as the first city and is designed to ensure quick discovery and check out as well as fast delivery. It is also live in Noida and Gurugam. Customers can choose from a wide range of offerings across food and beverages, including Indian snack favorites (including samosa, puffs, fries and sandwiches), varied flavors and types of popcorn, and healthy breakfast as well as snack options including a range of protein shakes and salads/fruit bowls (The Whole Truth protein shakes, salads etc.), and bars to choose from. SNACC also offers a range of beverages for customers to choose from- tea, coffee, cold beverages like iced coffee, amongst others.

SNACC offers health-focused (protein shakes, salads) items, as well as niche drinks like Vietnamese Iced Kaapi and Mojito Cold Brew. SNACC offers new favorites in food, snacks and beverages from various parts of the world. Designed for urban professionals and time-starved users, SNACC focuses on speed, quality, and quick discovery.

redBus’ New Campaign ‘Bass! – Bus Karo, redBus Karo’ Puts a Clever Spin on Everyday Hindi Saying

National, May 23, 2025 — redBus, the world’s largest online bus ticketing platform, has rolled out its latest ad titled Bass! – Bus Karo, redBus Karo campaign, crafted to establish ‘bus’ as synonymous with redBus in the minds of Indian consumers. This is in line with redBus’ long term brand tagline of ‘Bus Yaani redBus’. With a clever play on the commonly used Hindi word “Bas” meaning ‘stop’, especially popular in Hindi-speaking and adjoining regions, the campaign blends cultural familiarity with humorous storytelling to drive top-of-mind awareness and deepen brand connect. Designed specifically for regions where “Bas” is used in daily life to express everything from finality to frustration, redBus transforms this phrase into a recall mechanism, subtly nudging users to think: if it’s bus, it must be redBus. Each ad in the series leads to the line: “Bus yaani redBus.”

The films leverage relatable, exaggerated situations to build emotional engagement while reinforcing the brand’s position as the go-to destination for online bus booking. The films have been conceptualized by Leo Burnett.

The campaign is being rolled out across a mix of high-impact platforms, including leading television channels, streaming platforms like Jio Hotstar during live IPL matches. In addition, redBus will also brand autos for this campaign.

Film 1: Damaad

A young groom visiting his in-laws is force-fed sweets. He tries to protest with “Bass…bass…” but is drowned out. The whole family, unbothered, holds up their phones which show the redBus homepage, stating: “Bus yaani redBus.”
Tradition meets tech with sweet comic timing.

Film 2: Theatre

A couple shares a flirty moment at the cinema. The man responds to the woman’s advance with a giggle and says, “Bass…” Moments later, the audience and even the on-screen actor flash their redBus app on their phones, chanting: “Bus yaani redBus.”

Romance interrupted, brand remembered.

Film 3: Newsroom

In a chaotic news debate, the anchor finally snaps and yells, “Bass!!!” Instantly, everyone -from panelists to studio crew-raises their phones in sync: “Bus yaani redBus.” A satire on media overload, turned brand moment.

Film 4: Train Bridge

On a busy station overpass, a young man hilariously pleads with a TTE to confirm his waitlist ticket through distant family connections. The TTE shuts him down with: “Arey bas kar.” Vendors and porters chime: “Bus yaani redBus”. The film ends with a voiceover of “Train ki tickets waitlisted ho toh redBus karo.” A slice-of-life scenario, turned brand anthem.

Pallavi Chopra, CMO, redBus, said “The ‘Bass! – Bus Karo, redBus Karo’ campaign is built to create synonymity between redBus as a brand and the bus travel category. As one of India’s largest online bus ticketing platforms, our focus is on becoming the first and only name people think of when it comes to booking intercity bus travel. This campaign takes a deeply familiar local idiom and through clever wordplay, inserts the brand into general parlance. This ensures that the redBus brand name is firmly entrenched in everyday moments and the consciousness of bus travelers.”

Half of India’s Workforce Left Unskilled in the Past Year: upGrad Enterprise Report

Mumbai, May 23, 2025: upGrad Enterprise – the corporate skilling division of Asia’s leading integrated lifelong learning company, upGrad has launched a groundbreaking industry report titled ‘Skilling Smarter: A Strategic Guide to Training Across Generations’.

 Based on insights from 12,300+ professionals across sectors, the report exposes the growing disconnect between employee needs and existing corporate training frameworks — driven by the evolving expectations of a multigenerational workforce.

 Despite widespread recognition of upskilling as a business imperative, the report reveals that 50% of India’s workforce remained untrained in FY24-25, while 75% of employees engaged in learning only when mandated. Nearly 1 in 2 Indian workplaces still lack formal skilling strategies, resulting in inconsistent access and widening capability gaps. The findings highlight a lack of personalisation, access, and relevance in training models across generational cohorts, be it the pragmatic Gen X, the independent Gen Y, or the digital-first Gen Z.

 Key findings include:
• 1 in 4 workplaces lack formal strategies: 50% of professionals receive no training in FY24–25; only 16% engaged in quarterly learning
• Mandates outweigh motivation: 75% train only when required; top barriers include irrelevance (51%), limited access (43%), and lack of time (42%)
• Mismatch in priorities: Organisations invest in technical and industry-focused skilling, while employees seek leadership, soft skills, and strategic thinking
• One workforce, many learners: Gen X values expert-led formats, Gen Y prefers structured flexibility, and Gen Z wants immersive, on-demand learning — yet 63% of HR leaders do not tailor programs by generation
• Skilling design vs learner preference: While 80% of GenZ train under managers, nearly 50% prefer self-paced or third-party learning formats
• Low investment, low ROI: 60% of HR Leaders allocate under 5% of HR budgets to skilling; 61.5% of CHROs report no measurable impact
• Format fatigue: 50% of GenZ equate skilling with preset digital modules, but 45% want interactive, real-world learning

 “There’s a serious skilling gap emerging; we see companies budgeting annually but there’s very little to no skilling provided to employees. Let’s not forget that the pace of technology is outstripping organisational readiness, and we are not ready for the ripples it’s going to create very soon. With this report, we want to go out with a strong message that in a multigenerational workplace, skilling — AI-focused and embedded with soft skills — must adapt to the learner’s needs, and not the other way around,” said Srikanth Iyengar, CEO, upGrad Enterprise. “Without personalized, real-time, and career-aligned learning, training becomes a checkbox activity – ineffective at best, costly at worst. This is where, our decade-long experience has been enabling us to design industry-relevant pedagogy and content – rooted in deep learner intelligence. We leverage workforce data effectively to craft adaptive learning journeys that align individual career aspirations with organisational goals, and ensure skills are not just acquired, but applied meaningfully for business impact.”

 “Our goal with this report was to spark action, not just conversation, by grounding our insights in unassailable data and living our belief that ‘data or it didn’t happen.’ What sets ‘Skilling Smarter’ apart is its dissection of the multifaceted challenges of a multigenerational workforce, built upon insights from over 12,300 professionals. This was a deliberate effort to ensure diverse representation and bring serious numbers to bear on serious issues. This rigorous foundation allows us to provide concrete, actionable frameworks for India Inc. As a leader in lifelong learning, upGrad understands the imperative of tailoring education to the learner. This report is our contribution to helping CHROs, L&D heads, and CXOs unlock the full potential of their talent investments by fostering a culture of relevant, outcome-linked, and truly impactful learning” added Shirin Rai Gupta, Director – Marketing, upGrad Enterprise.

 The report serves as a strategic guide for CHROs, L&D heads, and CXOs, offering practical frameworks to future-proof their talent investments. It advocates for deeper personalisation, cross-generational thinking, and outcome-linked learning.

Falguni Nayar Makes a Striking Debut at Cannes with Son Anchit Nayar

~A Celebration of Indian Entrepreneurship on the Global Stage~

(Left to Right)- Alexis Perakis-Valat – Global President, L’Oréal Consumer Products Division (CPD), Anchit Nayar – Executive Director & CEO, Nykaa Beauty, Falguni Nayar – Executive Chairperson, MD & CEO, Nykaa, Adrien Koskas – General Manager, SAPMENA Region, L’Oréal Consumer Products Division (CPD), Raagjeet Garg – Director, India, L’Oréal Consumer Products Division (CPD)

23rd May, 2025: Falguni Nayar, Executive Chairperson, MD & CEO, Nykaa, made a powerful statement at the 78th Cannes Film Festival as she graced the red carpet for the very first time, accompanied by her son, Anchit Nayar, Executive Director & CEO, Nykaa Beauty. More than just a glamorous debut, the moment marked a significant milestone for India, bringing the spotlight to the global rise of homegrown entrepreneurs on one of the world’s most celebrated cultural stages.

Dressed in an elegant red ensemble, Falguni Nayar stood as a symbol of bold ambition and visionary leadership, embodying the entrepreneurial spirit that continues to redefine modern India. By her side, Anchit Nayar, CEO and Executive Director at Nykaa Beauty, represented the next wave of leadership, a nod to legacy, continuity, and future-ready innovation.

Together, the duo seamlessly brought the worlds of business, beauty, and influence into the global spotlight, a celebration of Indian excellence and the spirit of a new India claiming its place on the world stage.

As the Official Beauty Partner for L’Oréal Paris in India, Nykaa brings a touch of Cannes to over 40 million beauty lovers across the country, celebrating a collaboration that bridges Indian entrepreneurial spirit with global glamour.

Covestro’s Smart Material Breakthroughs Propel AI Applications to New Heights

• High-performance plastic material solutions including polycarbonate and thermoplastic polyurethane (TPU) meet the application needs of various AI products

• Enhancing smart living quality by addressing demands for complex climate environments, signal transmission, and high-frequency usage

• Applications include high-end laptops, smart terminal devices, new energy solutions, and network communication equipment

In conjunction with the AI industry chain responding to the global tech event COMPUTEX 2025, the leading material producer Covestro will showcase its advanced polycarbonate and thermoplastic polyurethane (TPU) solutions at its Taipei headquarters from May 20-21. These innovations continue to support AI application upgrades in consumer electronics, automotive electronics, and new energy industries while achieving sustainable development.

As AI technology rapidly advances, material performance continuously breaks limits to address complex application environments. Whether in smart terminal devices, energy storage systems, or network infrastructure, high-efficiency heat dissipation, precise RF transmission, and reliable protection have become critical requirements, while user experience and sustainability are equally valued.

“As smart hardware evolves into neural networks of industries, our advanced materials act as both enablers and accelerators,” said Lily Wang, Head of Engineering Plastics at Covestro. “From molecular design to circular solutions, we’re engineering the material intelligence that turns AI’s limitless potential into tangible, sustainable progress across every industry frontier.”

Kevin Ho, Head of Sales and Market Development APAC of Covestro TPU, also stated: “As smart technology integration continues to proliferate across industries, Covestro’s innovative material solutions play a pivotal role in enhancing product performance and elevating user experience, ensuring sustained device performance under demanding usage conditions.”

With its customized services and technical expertise, Covestro is helping to accelerate innovation across the AI industry ecosystem. As a pioneer in sustainability trends, Covestro not only assists customers in developing materials that align with circular economy principles but also provides compliant polycarbonate and TPU solutions in response to international PFAS regulations.

Breaking Through AI Computing Thermal Bottlenecks

Thermal management presents significant challenges in slim devices with high-performance computing capabilities, such as gaming and AI laptops. Covestro has introduced innovative Makrolon® thermally conductive polycarbonate materials that effectively replace traditional metal cooling components while supporting complex, high-precision product designs. For these high-end laptops, Covestro’s Desmopan® XHR series TPU, with outstanding thermal wear resistance, enhances the heat-exposed capability of components such as foot pads. These technologies can also be extended to other high-performance computing devices.

Strengthening 5G Infrastructure and Smart Home Hubs

Nowadays, digital life relies on the deployment of high-speed network environments. For network communications, Covestro has developed low-temperature impact-resistant Makrolon® polycarbonate that enables outdoor communication infrastructure such as 5G base stations and satellite terminals to maintain stable signals under extreme temperature fluctuations (-40°C to 85°C) and high-salt environments. Covestro also provides customized RF design guidance to optimize signal transmission through polycarbonate materials.

For smart home network devices, Covestro’s Desmopan® IT series TPU integrated with PC/ABS materials creates an excellent tactile experience for smart Wi-Fi router outer panels and base plate while enhancing vibration dampening and ensuring long-term stability through UV resistance and low migration properties.

Innovative Materials Enhance Smart Device Experience

In response to lightweight design trends, Covestro pioneered a single-material design approach, using high-hardness TPU to replace conventional PC/ABS in laptop bottom covers while integrating seamlessly with TPU foam foot pads. This advancement enhances component integration while improving product lightweighting and recyclability. Additionally, Covestro’s Bayfol® LR 5902 adhesive film, with its low-temperature rapid curing, chemical resistance, and aging resistance properties, excellently bonds composite materials such as leather, carbon fiber, and metal, increasing product reliability while enabling thinner and lighter designs compared to single-material products.

For close-contact wearable devices such as smartwatches, Covestro’s soft-grade TPU provides comfortable tactile experiences with chemical resistance and antibacterial properties, enabling safe long-term wear.

As transparency and lighting effects become essential design elements for gaming electronic products, Covestro’s unique glass fiber-reinforced high translucent polycarbonate solutions offer excellent design flexibility, creating ideal visual aesthetics while providing high stiffness and flame-retardant safety certifications, delivering both sensory and performance benefits.

Strategic Focus on Key Components for Smart Home Appliances and Robotics

In the rapidly growing smart home appliance and robotics markets, Covestro demonstrates the advantages of its polycarbonate and TPU materials. Covestro’s polycarbonate materials ensure stable signal performance for sensor housings, while TPU materials enhance the durability of frequently used components such as wheels and cleaning brushes in robot vacuums. Additionally, in the trend toward human-machine interaction, Covestro’s In-Mold Structural Electronics (IMSE®) technology integrates illumination, touch, display, and electronic circuits into a seamlessly formed surface in a single manufacturing step, reducing device weight by 50-70%. This technology has already demonstrated excellent benefits in areas such as smart automobiles.

Enhanced Protection for Energy Equipment

In the global trend of energy transition, the stable operation of energy storage systems, charging stations, and other facilities is crucial. Covestro’s Makrolon® polycarbonate, with its excellent weather resistance and low-temperature impact resistance, enables stable operation of outdoor equipment such as charging piles and power conversion systems. For home energy storage equipment, it also supports lightweight designs and a rich selection of colors, meeting the aesthetic design requirements for home appliance-like appearances.

Advancing into the Aerial Transportation Industry Chain

Electric Vertical Take-Off and Landing vehicles (eVTOL) will revolutionize urban air mobility. Covestro’s Makrolon® AG polycarbonate enables eVTOL autonomy by seamlessly integrating sensors for LiDAR and automated flight, offering high signal permeability. The material combines glass-like transparency with mechanical strength and weather resistance, ensuring reliable sensor performance in various environmental conditions. Additionally, Covestro’s carbon fiber-reinforced polycarbonate delivers extreme lightness, high-stiffness, and durability, helping manufacturers achieve an excellent weight-performance balance.

Advanced technological developments are merging with industries across all sectors to create novel smart services. Covestro’s reliable material solutions will continue to innovate, jointly driving the comprehensive upgrade of devices and equipment.

Five IHCL Hotels in Tamil Nadu Honoured with Tripadvisor Travellers’ Choice Awards 2025

Chennai – May 23, 2025: Five iconic IHCL (The Indian Hotels Company Limited) hotels in Tamil Nadu have been honoured with the prestigious Tripadvisor Travellers’ Choice Awards 2025. The award-winning properties are Taj Fisherman’s Cove Resort & Spa, Chennai, Vivanta Chennai, IT Expressway, Gateway Coonoor, Savoy – IHCL SeleQtions, Ooty, and Gateway Madurai.

Tripadvisor presents the Travellers’ Choice Award to accommodations, attractions and restaurants that consistently earn great reviews from travellers and are ranked within the top 10% of properties on Tripadvisor. This recognition underscores IHCL’s unwavering focus on customer-centricity and operational excellence.

Speaking on the achievement, Ian Dubier, Area Director Operations for Tamil Nadu and General Manager of Taj Coromandel, said, “We are truly honoured that five of our hotels in Tamil Nadu have been recognised by Tripadvisor’s global community of travellers. These awards reaffirm our commitment to delivering exceptional service and memorable experiences. We thank our guests for their continued support and trust, and our associates for their passion and dedication.”

Each hotel brings its own distinctive charm to its location. Taj Fisherman’s Cove Resort & Spa, Chennai, set along the picturesque East Coast Road (ECR) and built on the ramparts of an old Dutch fort, seamlessly blends contemporary design with rustic coastal beauty. The soulful and tranquil ambience of this beach resort combines beautifully with a plethora of experiences at the hotel, offering a refreshing escape at the water’s edge. Vivanta Chennai, IT Expressway, located in the heart of Chennai’s IT corridor, is a sleek and stylish address for both business and leisure travellers. With modern interiors, vibrant culinary offerings and excellent amenities, the hotel delivers the perfect mix of comfort and convenience.

Gateway Coonoor, nestled in the scenic Nilgiris, is a luxurious haven for both business travellers and leisure seekers. Guests are attracted to its old-world charm and curated local experiences – making it a peaceful getaway in the hills. Savoy – IHCL SeleQtions, Ooty, a landmark in the misty hills of Ooty, is a heritage hotel steeped in old-world charm. Surrounded by pine forests and flower-filled gardens, it is a timeless destination offering a luxurious escape in the heart of Ooty. Gateway Madurai, set amidst 62 acres of lush greenery, is a serene sanctuary that offers a unique blend of heritage and modern comfort for an unforgettable stay. It is a preferred choice for both pilgrims and leisure travellers exploring the cultural richness of Madurai.

TBO Tek Ltd delivers a strong performance in FY25 on the back of robust growth in Hotels segment

Mumbai, May 23rd, 2025: TBO Tek Limited , one of the largest global travel distribution platforms, announced its unaudited financial results for Q4 & FY25 today.

Consolidated Financial Performance for FY25 [YoY Growth]

· GTV of INR 30,832 Cr v/s INR 26,536 Cr [+ 16% YoY]

· Revenue from operations of INR 1,737 Cr v/s. INR 1,393 Cr [+ 25% YoY]

· Adjusted EBITDA of INR 329 Cr v/s. INR 270 Cr [+ 22% YoY].

· PAT of Rs. 230 Cr v/s. Rs. 201 Cr [+15% YoY]

Consolidated Financial Performance for Q4 FY25 [YoY Growth]

· GTV of INR 7,788 Cr v/s INR 7,511 Cr [+ 4% YoY]

· Revenue from operations of INR 446 Cr v/s. INR 369 Cr [+ 21% YoY]

· Adjusted EBITDA of INR 79 Cr v/s. Rs. 69 Cr [+ 15% YoY].

· PAT of INR 59 Cr v/s. INR 46 Cr [+ 27% YoY].

Key Business Updates

Robust growth in Hotels & Ancillaries segment, both in India and international markets. Company is geared towards increasing Hotel saliency, accelerating market expansion and implementing AI-led technologies for improving customer engagement and operational efficiencies.

· Rolled out our next-generation hotel booking platform H-Next to customers in India (100% covered) and in international market. Very encouraging response from customers and witnessing increased conversion.

· Continued progress on automation of back-end processes using AI driven automatic handling of supplier notifications being scaled up.

· Significant ramp-up in adding on-ground salesforce – 73 additions in FY25. Supply and supporting functions also beefed up to support rapid growth.

· Sales leader for North America onboarded.

· Stakeholder outreach – felicitated the top-performing agents (both Air & Non-Air) in more than 40 cities across India.

Management Commentary

“Our Hotels & Ancillaries segment continues to demonstrate strong growth, now contributing 16% to India GTV,” said Mr. Ankush Nijhawan, Co-founder and Joint MD, TBO Tek Limited. “We are strategically focused on driving higher share of wallet through cross-sell initiatives, supported by robust demand for outbound travel and a clear shift in consumer preference toward experiential, high-value itineraries. These structural tailwinds position us well for sustained, profitable growth in the Indian market.”

Mr. Gaurav Bhatnagar, Co-founder and Joint MD, TBO Tek Limited said, “In FY25, we laid the foundation for accelerating our business across geographies. Europe & APAC led the growth with 50%+ yoy growth. Company’s Tech and AI initiatives complement the rapid footprint expansion by helping drive better user experience and by improving platform performance. This gives us the confidence to maintain our expansion plans and aim for market leadership in the next 5-10 years.”