Category Archives: Business

Raymond Limited Continues Expansion with Sixth Strategic Joint Venture

Chandigarh, 5 April 2025: Raymond Limited (the “Company”) is pleased to announce that its 100% owned step-down subsidiary, Ten X Realty East Limited, has signed a Joint Development Agreement of a prestigious residential project in the prime location of Wadala, Mumbai.

This landmark project is estimated to have a gross development value of approximately Rs. 5,000 crore and marks the Company’s maiden venture in this sought-after area of Mumbai. This also represents the 6th Joint Development project undertaken by the Company outside of its existing developments in Thane, underscoring its strategic expansion within the Mumbai Metropolitan Region (MMR). This project will be the first residential project that the company will be developing in Wadala, Mumbai.

This significant development aligns with Raymond Limited’s growth strategy to capitalize on opportunities within the dynamic MMR real estate market. The project is poised to contribute substantially to the Company’s future growth and solidify its presence as a key player in the region. With this addition, the Gross Development Value of Real Estate projects of the company will be close to Rs. 40,000 crores.

Dress to Impress: Little Tags Luxury Leads in Premium Kidswear

Little Tags and its ultra-premium counterpart, Little Tags Luxury, are revolutionizing children’s fashion in India. From pioneering the country’s first multi-designer e-boutique in 2017 to introducing 40+ international labels through Little Tags Luxury in 2020, the brand has set new standards for high-end kids’ fashion. Today, with seven boutique stores across major metropolitan cities, an expanding physical presence, and a state-of-the-art online platform, Little Tags Luxury continues to shape the future of luxury children’s fashion in India. Little Tags Luxury is committed to bringing the world’s most coveted designer brands to India, offering a curated selection of premium clothing, footwear, and accessories for children up to 14 years old.

 Ultra-Luxury & High Fashion – Dolce & Gabbana, Balmain, Philipp Plein Designer Labels – Kenzo Kids, Stella McCartney Kids, Marc Jacobs, Karl Lagerfeld Contemporary Designers – Moschino, AIGNER, Diesel, BOSS, HUGO Trendy & High-End Streetwear – Dsquared2, Ducati Chic, Playful & Young Luxury – Monnalisa, Billieblush With an unwavering commitment to quality and style, Little Tags Luxury ensures that children across India and beyond have access to global fashion trends with just a click.

 Expanding India’s Luxury Fashion Landscape
What began with flagship stores in Delhi and Mumbai has now grown into a nationwide presence, with expansions into Hyderabad, Jodhpur, Kolkata, and Bengaluru. The latest store openings in Kolkata and Bengaluru underscore the increasing demand for high-end children’s fashion in these cosmopolitan hubs. Designed to provide a seamless fusion of opulence and comfort, each store offers an inviting shopping experience where families can explore designer collections firsthand.

 Furthering its commitment to accessibility, Little Tags Luxury has introduced an exclusive retail presence at Kolkata Airport, allowing travelers to indulge in luxury children’s fashion while on the move. This milestone reflects the brand’s ambition to integrate premium shopping seamlessly into customers’ lifestyles.

 Digital Innovation: Bringing Luxury to Your Fingertips
Recognizing the digital transformation in retail, Little Tags Luxury offers an intuitive online shopping experience via its e-commerce boutique. Featuring exclusive collections, high-quality imagery, and detailed product descriptions, the platform ensures effortless luxury shopping for busy parents. Regular online exclusives keep the digital experience dynamic, making high-end fashion more accessible than ever.

 Elevating Shopping with Exclusive Experiences
What sets Little Tags Luxury apart is its dedication to curated, exclusive pieces. Through collaborations with international designers, the brand introduces the LATEST SUMMER 2025 COLLECTION, providing families with unique and collectible fashion pieces.

 More than just retail spaces, Little Tags Luxury stores are interactive fashion hubs, featuring digital displays that bring collections to life. By merging technology with luxury, the brand has transformed in-store shopping into a fully immersive experience.

 Understanding the evolving needs of modern families, Little Tags Luxury has also introduced a Shop-from-Home concierge service, offering personalized consultations, expert styling advice, and seamless home delivery. This white-glove shopping experience ensures convenience without compromising on luxury.

 The Ultimate Destination for Designer Kids’ Fashion
Little Tags Luxury stands as India’s premier destination for designer children’s fashion, seamlessly blending heritage craftsmanship with modern trends. Whether shopping in-store or online, parents can explore an unparalleled selection of luxury clothing, footwear, and accessories, all in one place.

Odisha Welcomes Nestlé India’s New Factory as CM Majhi Leads Groundbreaking Ceremony

Bengaluru, 05 April 2025: In an event graced by the Honorable Chief Minister of Odisha, Mr. Mohan Charan Majhi, Nestlé India laid the foundation stone for its upcoming factory in Khordha, Odisha. This is slated to be Nestlé India’s tenth factory and first in the eastern part of the country.

Talking at the event, Shri Mohan Charan Majhi, Honorable Chief Minister of Odisha said that he was happy to see the progress made by Nestlé India in setting up a state-of-the-art facility, with cutting-edge technology in Khordha district. He conveyed his belief that this factory would enable Nestlé India to scale new heights and assured them of continued support in their endeavor.

Shri Suresh Narayanan, Chairman and Managing Director, Nestlé India, said, “With a steadfast adherence to ‘Make in India’ we had announced our tenth factory in Odisha, reaffirming the significance of India as a market. It gives me immense pleasure as we witness our planning and efforts bearing fruit. We are confident that this upcoming factory will not only help us with our business but will also stand tall as a vibrant example of gender diversity, sustainable manufacturing, paperless, digitally managed facility with an abiding focus on the environment.”

The factory is being set up with an initial investment of approximately INR 900 crores, in its first phase and is slated to manufacture products from its foods (prepared dishes and cooking aids) portfolio.

Nestlé India set up its first manufacturing facility at Moga (Punjab) in 1961 followed by its manufacturing facilities at Choladi (Tamil Nadu), in 1967; Nanjangud (Karnataka), in 1989; Samalkha (Haryana), in 1992; Ponda and Bicholim (Goa), in 1995 and 1997, respectively; Pantnagar (Uttarakhand), in 2006; Tahliwal (Himachal Pradesh), in 2012. Nestlé India set up its ninth manufacturing facility at Sanand (Gujarat) in 2021.

ZF Brings Lightning-Fast Connectivity to Software-Defined Vehicles with Fiber Optics

Friedrichshafen. At home or in the office, data networks with fiber optic connectivity are already widely used when high data transfer speeds are required. In the automotive sector, however, fiber optic technology is only just on the verge of a breakthrough.

The technology company ZF has further developed its ProAI high-performance computer for optical multi-gigabit Ethernet in automotive applications. Newly developed chips and connectors enable data to be transmitted via automotive-grade optical fibers according to the IEEE 802.3cz standard. “This ultra-fast transmission is a key technology for future vehicle electrical systems of software-defined vehicles,” explained Oliver Briemle, head of Cross-Domain Computing at ZF. The technology enables both short- and long-distance transmissions of up to 40 meters. Series production is possible as early as next year.

Optical multi-gigabit Ethernet offers considerable advantages for various vehicle classes. Intensive tests have confirmed the suitability of this technology for use in cars, trucks, buses and shuttles and have proven its robustness under various operating conditions. The results show that optical multi-gigabit Ethernet is a versatile and future-proof solution for data communication.

Basics of optical data transmission

Optical data transmission is a key technology used in many modern communication systems, including the automotive industry. It is based on the transmission of light signals through glass optical fiber (GOF) or plastic optical fiber (POF) cables. Fiber optic cables offer high bandwidth and low losses. The propagation of light in these fibers is based on the principle of total internal reflection. When light enters the fiber, it is reflected at the interfaces between the core and cladding of the fiber, causing it to remain trapped in the core and propagate along the fiber.

Optical data transmission in the automotive industry

High data transmission rates and reliability are advantages of optical data transmission systems in the automotive industry. Optical systems such as “Media Oriented Systems Transport”, or MOST for short, were introduced in the automotive sector around approximately 20 years ago. These older systems relied on polymer fibers as the physical layer for data transmission. In contrast, the new standards, such as the optical multi-gigabit Ethernet according to IEEE 802.3cz-2023, are based on glass fibers, which offer a higher bandwidth and lower losses.

ZF sees the following main advantages in the use of optical multi-gigabit Ethernet for the automotive industry:

1. High data transfer rates: The standard supports data transfer rates of 2.5 Gbit/s, 5 Gbit/s, 10 Gbit/s, 25 Gbit/s and 50 Gbit/s. These high speeds are crucial to cope with the growing volumes of data generated by modern applications such as autonomous driving (ADAS), infotainment (IVI) and networked services.

2. Increased transmission distance: The new standards enable a significantly greater transmission distance compared to older optical systems or copper-based data transmission systems used in automotive applications. Optical multi-gigabit Ethernet can transmit data over distances of up to 40 meters, which is suitable for both short- and long-distance applications in all types of vehicles.

3. Weight saving: Compared to copper cables, the use of fiber optics saves a significant amount of weight, which in turn helps to reduce fleet consumption.

4. Reliability and longevity: The use of optical fibers (OM3) in accordance with the IEEE 802.3cz-2023 standard improves the reliability and longevity of data transmission systems. Optical fibers are not susceptible to electromagnetic interference and offer stable data transmission even under extreme environmental conditions. Galvanically isolated data communication between different voltage levels can also be realized. They are also more resistant to wear, which enables long-term use.

5. Energy efficiency: Optical data transmission systems based on the IEEE 802.3cz-2023 standard are more energy efficient than conventional copper-based systems. They require less energy for data transmission, which leads to a reduction in overall energy consumption in the vehicle. This is particularly important for modern automobiles, where energy efficiency plays a critical role.

6. Scalable and future-proof: Optical multi-gigabit Ethernet is future-proof and scalable, as it is possible to upgrade new high-performance computers (HPCs), electronic control units (ECUs) and multi-domain computers (MDCs) to higher data transmission speeds without having to change the existing optical cabling components. This facilitates the integration of new technologies and functions in future vehicle generations and ensures the systems meet the increasing requirements.

7. Lower costs due to high production volumes: The OM3 optical fibers specified in the IEEE 802.3cz-2023 standard are widely used worldwide and are already being produced in large quantities. The current high production volumes of VCSELs (laser diodes) and photodiodes for use in the specified wavelengths are also very high. This leads to cost savings in production and makes the technology economically attractive for series use in the automotive industry.

8. Improved communication channels: Optical multi-gigabit Ethernet offers near-ideal communication channels with low physical layer complexity. This results in lower equalization complexity, no echo cancellation and therefore lower power consumption, lower latency and overall more cost-effective solutions. A specially dedicated operations, administration and maintenance (OAM) channel also ensures high reliability and efficient link management.

ECU Worldwide appoints Sergio Rodrigues as Regional CEO to lead Latin America growth strategy

Mumbai, 5th April, 2025: ECU Worldwide, Allcargo Logistics’ wholly-owned global subsidiary and a leader in LCL consolidation, has appointed Sergio Rodrigues as Regional CEO for Latin America. In this role, Sergio will drive continued growth and strengthen customer relationships, further enhancing ECU Worldwide’s presence across the Latin American market.

A highly accomplished leader and a seasoned logistics professional, Sergio will engage with the ECU Worldwide leadership in Latin America to lead the next phase of growth by focussing on expanding into new markets, launching innovative products, and strategizing organic growth. Sergio will oversee the business in the region and collaborate with our partners on behalf of ECU Worldwide to drive our joint venture with Transmares Group. He will report to Ravi Jakhar, Director, Strategy, ECU Worldwide and will be based out of Santiago, Chile.

Sergio brings over three decades of leadership experience, having successfully led regional and multinational organizations across South America. A Doctorate (PhD) in Business Administration from University of CEMA, he has served as Regional director and MD in some of the key players in the LATAM market. During his past 20+ years, he played a key role in establishing and expanding the business across several South American countries, fostering significant growth and operational success.

Welcoming Sergio, Ravi Jakhar, Director – Strategy, ECU Worldwide said, “We are delighted to have Sergio in the Latin America leadership team of ECU Worldwide. He has a unique mix of strategic vision, hands-on market knowledge and deeper experience in the shipping and logistics industry especially in the South American region. That combined with his tech oriented mindset makes him ideally suited to lead ECU Worldwide to accelerate growth in this key region and continue delivering service excellence to our customers. I wish Sergio great success in his new role.”

Commenting on his appointment, Sergio Rodrigues, Regional CEO – Latin America, ECU Worldwide said, “I am excited to get the opportunity to come onboard and work alongside the ECU Worldwide leadership team in Latin America. A leading LCL consolidator backed by a rich legacy and technology-driven efficiency, ECU Worldwide is in a position of strength to further bolster its position in the Latin America region. In collaboration with the leadership team, I will continue to leverage the leadership of ECU Worldwide to optimize operational efficiency while maintaining a customer-first approach, setting up a path to long-term and sustainable business growth in this region.”

The Good Bug Responds to India’s Growing Obesity Concerns with Groundbreaking Natural GLP-1 Therapy

Mumbai 5th April, 2025: India is at the cusp of a major health crisis as obesity rates surge across all age groups, driving an alarming rise in early mortality linked to diabetes, cardiovascular diseases, and cancer. As per the National Family Health Survey (NFHS-5), nearly 24% of women and 22.9% of men are now classified as obese.

The Good Bug, a pioneering gut health brand in India, has launched a path breaking scientific innovation poised to disrupt the weight loss landscape. The Good Bug’s Advanced Metabolic System is the latest advancement in natural GLP-1 science offering a sustainable & science-backed solution to weight loss. The breakthrough has been scientifically validated with clinical trial data showing a 12.01% reduction in weight, 9.64% decrease in waist circumference, and 12.14% reduction in BMI in 90 days.

Keshav Biyani, Co-founder of The Good Bug, stated, “Developed through cutting-edge gut microbiome research, the Advanced Metabolic System is a proprietary blend of clinically tested probiotics and prebiotics solving for obesity through Natural GLP-1 activation —without the adverse side effects commonly associated with weight-loss drugs. With the launch of this product, validated through scientific clinical trials, we are proud to offer a global first-of-its-kind innovative solution that delivers upto 12% weight loss in 90 days. As pioneers in gut health, we identified disbalance in gut biome composition to be the fundamental root cause behind obesity and put together years of R&D to build a solution that could eventually help increase GLP-1 and GIP naturally to deliver weight loss outcomes. This is a big scientific breakthrough for us which has been discovered, developed and made in India, and will redefine weight management globally.”

Unlike pharmaceutical GLP-1 agonists, which are commonly associated with side effects and dependency, The Good Bug’s Advanced Metabolic System naturally increases GLP-1 levels in the body, reduces chronic inflammation in the Gut, thereby regulating appetite and reducing cravings to deliver sustainable weight & health outcomes. Trusted by healthcare professionals, it offers a sustainable and natural approach to weight management. The Good Bug plans to take this product to the global markets including the US.

Dr. M.K.N. Manohar, Senior Consultant at Manipal Hospitals, and the trial’s principal investigator shared, “In the Clinical trials conducted, The results were not only statistically significant but also clinically meaningful. It is comparable to the best of the drugs what is available as of now,” he affirms. “What stood out was the self-reported drop in cravings and improved satiety. Over 90% said their cravings had reduced; 95% noted hunger suppression. This mirrors what’s seen with synthetic GLP-1 drugs,” he explains. “Importantly, no significant adverse events were reported. And the trials showed clear improvements in appetite, satiety, and energy levels.”

He further added, “Obesity has become a silent pandemic, accelerated by COVID. There is a wide gap between lifestyle changes and invasive treatments like surgery. Scientific evidence increasingly highlights the gut microbiome as a cornerstone of metabolic health and sustainable weight management. Unlike synthetic interventions that often come with unintended side effects, a well-researched probiotic formulation like The Good Bug leverages the natural synergy between gut bacteria and the body’s metabolism.”

Available at ₹2000 per month or ₹5000 for three months, The Good Bug’s solution is accessible via online platforms and retail stores. With its focus on research-driven efficacy and transparency, The Good Bug is redefining the role of gut health in overall well-being.

Prabhu Karthikeyan, Co-founder of The Good Bug, stated, “We recognize microbiome science’s impact not only on digestive health but also on metabolic health, women’s health, and cognitive well-being. As research into the microbiome deepens, it unfolds a new dimension of healthcare and we remain committed to leveraging its potential. We strive to continuously build consumer health solutions through advanced probiotic innovation, empowering individuals to take control of their health through science-driven products. We see a big opportunity in how our new launch can impact the obesity landscape in the country.”

Obesity has emerged as a major health concern, in lieu of which Hon’ble Prime Minister Narendra Modiji recently launched an anti-obesity drive. According to data from the Indian Council of Medical Research (ICMR), over 180 million Indians were classified as overweight or obese in 2021, and studies predict this number could surge to 400 million by 2050. This further highlights the urgent need for effective, clinically proven, and affordable solutions like The Good Bug.

BUNKA SS’25 : New Launch

A celebration of renewal and the promise of a fresh season, Nava—Persian for “new” and “fresh”—embodies sun-drenched elegance and effortless sophistication. Inspired by the warmth of summer and the spirit of new beginnings, the collection blends breezy silhouettes with exquisite craftsmanship—broderie anglaise, delicate florals, airy linens, and ethereal organza.

 The palette unfolds in sun-kissed neutrals—soft whites and warm beiges—delicately contrasted with floral hues of peach, pink, and lavender. Rooted in a philosophy of quiet luxury and timeless elegance, Bunka caters to women who seek refined simplicity, where craftsmanship and quality are at the forefront. Light, fluid, and inherently feminine, these pieces are designed for the modern woman who moves through life with grace, ease, and an adventurous spirit.

 With Nava, we continue to evolve the Bunka woman, redefining our aesthetic while expanding to embrace our ever-growing community. This collection introduces a fresh perspective, offering versatile, effortlessly chic pieces perfect for the season ahead.

 We invite you to experience Spring/Summer ‘25 with us. Below, we share some of our key signature pieces—crafted with intention and designed to bring you the same joy we felt in creating them.

 1. Ann Shirt
Brighten your wardrobe with the Ann Shirt, a statement piece in butter yellow. Crafted from fine cotton poplin, its oversized fit features semi-sheer floral cutwork sleeves, blending sophistication with everyday comfort.

2. Manya Pants
The Manya Pants redefine functionality with high-waisted cargo styling, horn-buttoned pockets, and a flattering silhouette. These versatile white trousers are an excellent addition to a curated summer wardrobe.

3. Farida Kurta Set
Turn heads this summer with the Farida Kurta Set, a true extravaganza of Bunka’s craftsmanship. Available in serene blue and classic beige, it features delicate lace, bead embellishments, and intricate floral embroidery, making it ideal for festive moments.

4. Ambreen Kurta Set
Enhance your summer elegance with the Ambreen Kurta Set, a choga-style masterpiece crafted in elegant silk organza. Highlighted with lace details and paired with wide pants, it’s the ultimate expression of urbane ease.

From Soil to Software: AgriTech Pavilion Showcases Cutting-Edge Agri Innovations at Startup Mahakumbh

New Delhi, April 5, 2025: Day 2 of Startup Mahakumbh saw the AgriTech Pavilion transform into a dynamic hub of agricultural innovation, bringing together policymakers, investors, and startups reimagining the future of farming in India. A key highlight of the day was the visit by Hon’ble Minister of Textiles, Government of India, Shri Giriraj Singh, who engaged with several pioneering agri-tech startups. During his visit, he extended his heartfelt gratitude to Hon’ble Prime Minister Shri Narendra Modi and Hon’ble Union Minister for Commerce and Industry, Shri Piyush Goyal, for spearheading this landmark initiative celebrating innovation and entrepreneurship.

 The day began with a Welcome Address by Debasish Mishra, Chief General Manager, Delhi Circle, SBI, who highlighted SBI’s sustained support for the startup ecosystem. “We now have five such branches in five parts of the country – Bangalore, Chennai, Hyderabad, Mumbai, Gurgaon – which are supporting banking and financial services to startups. These five startup outlets have combinedly opened more than 3000+ startup accounts,” he noted.

 The Opening Plenary, “Bridging Capital: How FIs & Funds Can Fuel Agritech & Rural Innovation?”, saw participation from Shashvat Rai, Partner, Aavishkaar Capital, CM Patil, CEO, Krishi Kalpa Foundation, and Debasish Mishra. Addressing early-stage founders, Debashish Mishra advised, “Come out with your idea, make it a product, and make it a commercially viable solution.” CM Patil urged founders to remain mission-driven, sharing, “Don’t build the model for investors, build it for yourself – you are there for the long run.”

 The Pavilion was packed with engaging sessions including impromptu pitch competitions, founder journeys, and insights from leading investors. Alekh Sanghera, Co-Founder and CEO of Farmart, took the stage in “Trailblazing Tales – Agri-Innovations from Sector Disruptors”, while Sunil K Goyal, Managing Director and Fund Manager, YourNest Venture Capital, and Abhishek Mittal, Partner, Aavishkaar Capital, spotlighted emerging business models with funding potential. Meanwhile, in her investor pitch session, Anisha Singh, Founding Partner, She Capital, shared valuable advice: “Make sure you find that one credible model, find what it is that is a differentiator and ensure you’re able to scale or talk about it.”

 A key highlight was the presentation on Krushak Odisha Unified Platform (KOUP) by Gaurav Goel, Founder & CEO, Samagra, and Anay Gogate, Program Lead, Samagra, illustrating how the Odisha Government is enabling startups to connect with farmers through digital public infrastructure. A session on global trends and their impact on agriculture followed, with Ambassador Gurjit Singh, Board Chair at Intellecap, speaking on “The Geopolitical Landscape and its Impact on Agriculture”.

 Hemendra Mathur, Co-founder, ThinkAg and Venture Partner, Bharat Innovation Fund, took audiences through a knowledge-packed segment, followed by a talk on Open Network for Agriculture in UP by Dipika Prasad (Google) and Yuvraj Ahuja (IFC). Bharath Ganapathy, Sr. Program Manager, FIDE, rounded off the Pavilion sessions on Day 2 with a presentation on the Unified Krishi Interface.

 In recognition of outstanding entrepreneurial efforts, Best Startup Pod Awards and Pitch Competition Winners were announced. The Aavishkaar Mahakumbh People’s Choice Award went to Pravidhaan FPC Pvt Ltd (Winner – ₹3L) and Himfla Pvt Ltd (Runner-Up – ₹2L). The Aavishkaar Kisan Kranti Award of ₹1L each was conferred on four startups: Isaayu Agritech Pvt Ltd, Prishigo Food and Beverages, Ascription Technology, and Dhalava.

 In the high-stakes Aavishkaar Ultimate Agritech Pitch, Pravidhaan FPC emerged as the Winner (₹3L), with GramSe as the Runner-Up (₹2L). An Honourable Mention (₹1L) was awarded to BioFizz for its innovative approach.

 The day concluded with a thought-provoking Masterclass on IPO readiness by Veenit Surana, Partner, EY India, followed by the main stage discussion “The Liquidity Continuum: The Flywheel Unlocked” featuring Rohit Batra (Evolvence), Ishpreet Singh Gandhi (Stride Ventures), Vineet Rai (Aavishkaar Group), and Arvind Ganeshan (Axis Capital Ltd.). During the conversation, Vineet Rai noted, “Venture as an ecosystem has yet to deliver on the promises that we have made and that’s actually a challenge we have to solve for India.”

 Startup Mahakumbh’s AgriTech Pavilion continues to build momentum as a catalyst for innovation, collaboration, and investment in the sector, echoing India’s vision to empower its farmers and agri-entrepreneurs for a resilient future. With the stage now set, Day 3 promises even more action — spotlighting cutting-edge technologies and new-age business models that will shape the next era of agritech. Stay tuned as India’s agri-innovation story unfolds — bolder, bigger, and better.

UPI Meets Credit: RuPay Cards Redefine Convenience for Everyday Transactions

The integration of RuPay credit cards with UPI is transforming the digital payments landscape in India, allowing users to make payments without carrying a physical card. The linking process is simple and can be done through any UPI-enabled app.

To link your RuPay Credit Card to UPI, first, download a UPI-enabled app. Next, register or log in with your bank-linked mobile number and select “Add Account” in the profile section. Then, choose your credit card issuing bank from the list, select your RuPay Credit Card, complete the verification process, and set a UPI PIN. Once done, you can start making seamless transactions.

Further, a RuPay credit card can be used at merchant outlets that accept UPI payments, from small and medium-sized businesses—including kirana stores, street vendors, and local shops—to large establishments, even if they do not have a traditional point-of-sale (POS) terminal.

Users can earn rewards, cashback, and exclusive offers on everyday expenses like groceries, fuel, dining, and online payments. Many banks offer additional benefits for RuPay credit cards linked to UPI, making transactions more rewarding. This feature also improves financial management by tracking credit and debit transactions in one place and supporting automatic payments for bills and subscriptions. The interest-free period (typically 30-50 days) defined by the bank helps manage cash flow better by deferring payments without interest. Additionally, linking a credit card to UPI enhances security by eliminating the need to share card details, reducing fraud risk, and enabling a separate UPI PIN for added protection.

While this feature offers many benefits, users are advised to follow safety measures like setting strong UPI PINs, making payments only to trusted merchants, and keeping their registered mobile numbers updated. As India moves toward a less-cash economy, RuPay credit cards on UPI are expected to make digital transactions more convenient and beneficial for both consumers and businesses.

Divine Power Energy Finalizes Full Acquisition of Vimlesh Industries Pvt Ltd

New Delhi, April 04, 2025: Divine Power Energy Limited (DPEL), a leading manufacturer of insulated wires and strips, announces the successful completion of its 100% acquisition of Vimlesh Industries Private Limited (VIPL). With this transaction VIPL officially becomes a wholly owned subsidiary company of DPEL, marking a landmark development in its strategic growth plan.

Following its stellar debut on NSE Emerge in July last year, DPEL entered into a Share Purchase Agreement to acquire 100% stake in Vimlesh Industries Private Limited at a total valuation of ₹70 crore in November 2024.

This acquisition marks a significant milestone for DPEL as it integrates VIPL’s capabilities, resources, and expertise to enhance its operational efficiencies and expand its market reach. The move aligns with DPEL’s long-term vision to deliver high-quality products, create greater value for its stakeholders and lead to a big customer base and higher reach in the industry for the company, which shall be beneficial for the stakeholders.

Commenting on the development, Mr. Rajesh Giri, Managing Director, DPEL, said, “We are excited to welcome Vimlesh Industries into the DPEL family. This acquisition underscores our commitment to growth and excellence in the industry. By leveraging our combined strengths, we aim to enhance our product offerings and market positioning. This collaboration will translate in significant upside in the DPEL’s consolidated revenues owing to doubling of capacities. We are grateful to Mr. Sagar Bhagwan Bhutada, who has been instrumental in meticulous execution of this transaction.”

Mr. Sagar Bhagwan Bhutada, Co-founder of Impel Ventures and an experienced finance professional, played a key advisory role in the successful acquisition of Vimlesh Industries by Divine Power Energy. His deep expertise of deal structuring, due diligence, and tax planning was instrumental in navigating critical aspects of the transaction.

Vimlesh Industries Private Limited was established in the year 1986 with a vision to serve the Automative Industry, Motors, lifting magnets, rectifiers, inverters industry etc. with the insulated aluminium and copper wires and strips. The company exports its products to various countries in Europe, Asia and Africa. It has a fully equipped inhouse testing lab, and R&D workshop.

VIPL supplies its UL approved enamelled wires and strips of copper and aluminium to automotive industry, motors, lifting magnets, rectifiers, inverters, and transformers etc. The company has approvals and it supplies the products to Indian Railways, BHEL, PGCIL, ABB, Schneider, Panasonic, Legrand and many other corporates and PSUs, which will be a key advantage for DPEL in its growth strategy.

DPEL manufactures copper and aluminium wires/strips insulated with paper, crepe paper, and fiberglass and supplies them to discoms and transformer manufacturers. As a result of a recent acquisition, the company has elected to augment its business activities by establishing in-house manufacturing capabilities for super enamelled wires and strips, in addition to its existing trading operations, which are commonly used in the assembly and repair of transformers. It has a significant presence in North India, including Uttar Pradesh, Delhi, Uttarakhand, Haryana, Punjab, and Bihar.

Divine Power Energy Limited operates a cutting-edge manufacturing plant with an installed capacity of 300 metric tonnes of aluminium and 500 metric tonnes of copper per month. The plant is strategically located in Ghaziabad and has sufficient storage facility for holding inventories of raw materials as well as finished products, ensuring stability of operations. It supplies products to reputed clients such as TATA Power Limited, BSES, Uttar Pradesh Power Corporation Limited, and Uttarakhand Power Corporation Limited. It sources its raw material from reliable and prominent suppliers such as Birla Copper, Hindalco Aluminium and NALCO.