Category Archives: Business

Odisha’s Green Energy Vision Gets a Major Boost with Avaada Group’s Rs 20,700 Crore MoU

Bhubaneswar, 29th January 2025: Avaada Group, a leading name in India’s renewable energy sector, has reaffirmed its commitment to sustainable growth by signing a ₹20,700 crore Memorandum of Understanding (MoU) with the Government of Odisha in the presence of Hon’ble Chief Minister Shri Mohan Charan Majhi at the Make in Odisha Conclave 2025. The event, inaugurated by Hon’ble Prime Minister Shri Narendra Modi, highlights Odisha’s ambition to become a leading green energy hub in India.

The Make in Odisha Conclave, the state’s flagship investment summit, is a platform for global investors, policymakers, and industry leaders to explore opportunities in Odisha’s dynamic economic landscape. Avaada Group is showcasing its innovative renewable energy portfolio, which spans solar, wind and green hydrogen during the conclave.

As part of the MoU, Avaada has pledged a bold investment of ₹20,700 crore for:

• 1,500 MW of floating solar projects
• Two 1,000 MW Pumped Storage Projects (PSP)
• Green energy equipment manufacturing units

This investment aligns with Odisha’s vision of driving industrial growth while leveraging its abundant natural resources for a sustainable future.

Speaking at the event, Mr. Vineet Mittal, Chairman of Avaada Group, said: “Odisha is poised to lead India’s renewable energy revolution. The state’s rich resources and visionary leadership create unparalleled opportunities for green industrialization. Our ₹20,700 crore investment in renewable energy projects, including floating solar and pumped storage demonstrates our commitment to sustainability and innovation. We are proud to partner with the Government of Odisha to build a greener, stronger future for the region.”

Mr. Mittal highlighted that these initiatives align with India’s target of achieving 500 GW of renewable energy capacity by 2030, as well as Odisha’s strategy to position itself as a global investment destination. With its strong fiscal health, as reported in NITI Aayog’s Fiscal Health Index 2025, Odisha is well-positioned to attract investments that drive sustainable development.

COWE and SIDBI Join Forces to Provide Free Childcare with Aveksha Day Care Centres

Hyderabad, January 29, 2025…..COWE (Confederation of Women Entrepreneurs of India) and Small Industries Development Bank of India (SIDBI), a Government of India Agency that promotes. finances, develops Micro, Small and Medium Enterprise (MSME), together opened two, the 13th and 14th Aveksha Day Care Centres at a slum colony in Road No 10, Greenpark Colony, Besides Bilal Masjid, Saidabad on Sunday on the important occasion of Republic Day and 14th centre at Balajinagar, Mother Teresa Colony in the city on Monday.

You have Pre-Schools and Day Care Centres for the rich. What about industrial workers and underprivileged families? Aveksha Day Care Centre is the answer and it is free.

Mr Chandramouli Vemula, GM of SIDBI inaugurated the new centre in the presence of Ms Madhu Tyagi Director of COWE; Ms Uma Gurkha, Founder Director of COWE; Prof Sujatha Surepally of SAFEE Foundation and Ms Rama Tirumareddy, COWE member for AVEKSHA project

The Balajinagar Centre was inaugurated by Shri T. Vidya Sagar, DGM of SIDBI

Speaking on the occasion Mr Chandramouli said SIDBI was set up under an Act of the Indian Parliament and acts as the Principal Financial Institution for the Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector as well as for co-ordination of functions of institutions engaged in similar activities. He urged the women from nearby colonies to utilise the opportunity and contribute to the economic progress of their family and children.

Prof Sujatha Surepally, Founder of SAFEE Foundation said the Aveksha Day Care Centre is the need of the hour as many couples get married early and are nuclear families. There is no support system at home or family backup to take care of their infants. Both parents need to work. This facility is a boon.

The newly inaugurated centre will benefit families located in the nearby localities.

Ms Vijayalaxmi Raghunathan sponsored Rs two lakhs towards infrastructure required to set up the new centre

It is a free facility for industrial workers as well as families from underprivileged backgrounds so that the women can leave their kids in the age group of 6 months to 6 years in the safe hands of a daycare centre team, morning to evening, Monday to Saturday and can go to work and earn extra income for the family.

On the whole COWE and SIDBI together with the newly inaugurated centre, so far have inaugurated 13 Aveksha Day Care Centres in the city. Additionally, My Home Group in partnership with COWE set up four centres exclusively for the benefit of construction workers’ children.

This effort of Aveksha and its centres so far impacted nearly 450 women going to work. They all are first-time workers. It also provided direct employment to 50 women and indirect employment to many.

Many mothers who are availing of the facility spoke and thanked the people behind the initiative for their noble gesture.

Each of the day-care centres is spread over an area of 800 to 1000 sqft. They are fully equipped to take care of 20-30 children from 9 am to 6 pm. Each centre will have three staff members -a Care Taker, Aayamma and a security guard. A vigilance team, trainers and auditors ensure best standards are maintained. All the standard protocols will be maintained for smooth operations of the centre.

Q3 FY25 Results: Continued Profit Growth with 91 Percent YoY increase to Rs 388 Crores

Chandigarh, India: Suzlon Group, India’s largest renewable energy solutions provider, reported its third-quarter results for the financial year 2024-25 (Q3 FY25) ending on 31st December 2024.

Girish Tanti, Vice Chairman, Suzlon Group, said, “We are building a future-ready business by fortifying our core strategic pillars: cultivating strategic talent, leveraging next-generation technology, amplifying customer-centricity, and expanding operational capacity. Our sustained focus on these priorities drives consistent growth, performance, and long-term profitability. One emerging trend fuelling our growth is our strategic emphasis on Commercial & Industrial (C&I) and Public Sector Undertaking (PSU) customers. As these organizations prioritize sustainability and renewable energy, we’re delivering reliable, affordable solutions that power their operations. This strategic shift is driving demand, positioning Suzlon as a trusted partner for businesses pursuing green energy ambitions and catalyzing growth in the renewable energy sector.”

JP Chalasani, Chief Executive Officer, of Suzlon Group, said, “We are experiencing consistent quarter-on-quarter growth, with each of our businesses operating as strong, independent entities driving performance. Our manufacturing capacity expansion in India is progressing as planned to fulfill our record-high order book of 5.5 GW. With our ramp-up strategy on track and operational preparedness at optimal levels, we can sustain momentum, create long-term value for our stakeholders, and play a pivotal role in advancing India’s renewable energy ambitions.”

Himanshu Mody, Chief Financial Officer, of Suzlon Group, said, “Our focus in Q3 FY25 was execution, which is visible in our financial performance, marked by significant profit growth driven by volume and margin expansion and enhanced operating leverage. Strong stakeholder support has been instrumental in accelerating our ramp-up efforts. With a robust order book, market-leading products, ample working capital, and a well-established supply chain, we are strategically aligned to seize emerging opportunities and further strengthen our market leadership.”

Product Innovation

S144 continues to dominate the Indian wind market and has received a very strong customer response. It currently accounts for 92% (~5 GW) of our overall order book. We are on track with the production ramp-up of the technology, and in this quarter, we achieved a key milestone in delivering the 300th S144 wind turbine.

Human Resources

Suzlon’s innovative partnership model with the government is revolutionizing the wind energy sector by addressing a critical talent development gap. This strategic collaboration aims to upskill the workforce and nurture industry-ready talent, ultimately supporting India’s transition to a sustainable energy future. A significant milestone in this initiative is Suzlon’s Memorandum of Understanding (MoU) with the Andhra Pradesh Government, which will launch India’s largest green skill program. This program is expected to create approximately 12,000 green careers, empowering individuals with the necessary skills to bridge the employability gap. By fostering a skilled workforce, Suzlon is not only contributing to India’s sustainable energy goals but also enhancing the country’s competitiveness in the global renewable energy market.

Wind Turbine Generator (WTG) Manufacturing

We are making big strides in expanding our manufacturing capacity to meet the growing order book. We have revamped our Daman and Puducherry Nacelle manufacturing facilities and have reached 4.5 GW annual capacity. Two additional production lines are being added at our Ratlam and Jaisalmer facilities to scale operations efficiently. We continue to strengthen our order pipeline with a healthy mix of new and repeat customers, securing three large orders and reaffirming partnerships with key clients like Jindal Renewables and Torrent. These achievements reinforce market confidence in Suzlon’s capabilities and leadership in the renewable energy sector.

OMS

The OMS business remains a significant growth driver for the Suzlon Group, consistently outperforming expectations. Safety is deeply embedded in our culture, and we remain committed to investing in proactive initiatives. Currently, Suzlon is collaborating with leading consultants to enhance field safety and optimise operational efficiency, ensuring long-term sustainable growth.

Awards and Recognition

•  CRISIL Ratings has upgraded Suzlon’s credit rating to ‘CRISIL A’ from ‘CRISIL A-’ with Positive Outlook for the second time in 2024, reflecting the company’s strong performance and enhanced profitability.
•  Suzlon Group has won GEEF’s Global Sustainability Award 2024 for Sustainability Excellence in Renewable Energy (Power Sector).
•  Suzlon Global Services Ltd (SGSL) has been honoured with the ‘Great Indian Renewable Energy Company of the Year’ award at the 3rd Sustainability Conclave, recognising its excellence in sustainable energy practices.
•  SGSL has also received the ‘Gold Award-Green Practices’ under the Service Category at the 3rd CII-Northern Region Green Practices Award by the Confederation of Indian Industry (CII), further reinforcing its commitment to environmental stewardship.
•  Suzlon’s WTG Manufacturing Businesses have been honoured with six prestigious recognitions at the Frost & Sullivan IMEA Awards for outstanding performance across various units, including WTG Unit Daman, Nacelle Cover Unit (Daman), Control Panel Unit (Daman), Rotor Blade Unit (Bhuj), Tubular Tower Unit (Gandhidham), and the Corporate Gold Award in the Engineering Sector.

Vedanta Signs Rs1 Lakh Cr MoU with Odisha Govt at Make in Odisha 2025

Chandigarh, January 29, 2025: Vedanta Limited, a global leader in natural resources and technology, and a committed partner in Odisha’s progress for more than two decades, today signed a memorandum of understanding (MoU) worth Rs. 1 lakh crore with the Government of Odisha, on the opening day of Utkarsh Odisha, the state’s global investment conclave organised in Bhubaneswar. The MoU was signed in the presence of Shri Mohan Charan Majhi, Hon’ble Chief Minister of Odisha and Shri Anil Agarwal, Chairman, Vedanta Limited. This transformative commitment aims to accelerate Odisha’s industrial growth by establishing world-class aluminium production facilities and promoting sustainable development across the state.

The collaboration includes the development of a 3 million tonnes per annum (MTPA) aluminium plant and an aluminium park that is poised to emerge as a major hub for downstream producers of aluminium products. Together, the announced initiatives will not only further cement Odisha’s crucial role in the global aluminium value chain, but will also generate 2 lakh employment opportunities and foster MSME growth across sectors like automotive, power, construction, and logistics.

Shri Anil Agarwal, Chairman, Vedanta Limited, remarked, “Odisha has always been integral to Vedanta’s growth story, and its resources have played an indelible role in India’s rise. This MoU represents a significant step toward driving large-scale industrialization and socio-economic development in the state, and a reiteration of our commitment to its progress. We are proud to deepen our decades-long collaboration with the Government of Odisha, ensuring sustainable growth, skill development, and a better quality of life for millions in the state.”

Vedanta’s current investments have led to the creation of the world’s largest single-location aluminium smelter at Jharsuguda, in addition to a world-class alumina refinery at Lanjigarh, which have helped make Odisha the Aluminium Hub of India. The company also operates FACOR, among the nation’s leading producers of ferrochrome, at Bhadrak, in addition to a growing mines portfolio across the state. These operations have sparked the accelerated socio-economic progress of their surrounding regions through the company’s focus on creating educational and healthcare facilities, skill development centres, and Nand Ghars (modern Anganwadi centres), ensuring inclusive development for Odisha’s communities.

As the global demand for aluminium is expected to double by 2030, this MoU strengthens Odisha’s position as an industrial and economic powerhouse, contributing significantly to India’s vision of becoming a global manufacturing leader while reaffirming Vedanta’s role as a catalyst in Odisha’s transformation and India’s industrial evolution.

Ashok Leyland & Sarva Haryana Gramin Bank Tie-Up for Vehicle Finance

Chandigarh, 29 January 2025: Ashok Leyland, the Indian flagship of the Hinduja Group and the country’s leading commercial vehicle manufacturer, signed a Memorandum of Understanding (MoU), with Sarva Haryana Gramin Bank to enter into a strategic vehicle financing partnership for its customers. This MoU will enable both Ashok Leyland and Sarva Haryana Gramin Bank to offer customized financial solutions to the customers.

The MoU was signed by Mr. Viplav Shah, Head – LCV Business, Ashok Leyland and Mr. Mithilesh Kumar Jha, General Manager, Sarva Haryana Gramin Bank in the presence of Mr. Sanjeev Kumar Dhupar, Chairman, Sarva Haryana Gramin Bank. Under this partnership, Sarva Haryana Gramin Bank will be able to provide end to end financial solutions to the customers of Ashok Leyland. The partnership will focus on meeting customer needs by providing vehicle loans with convenient monthly repayment plans tailored to their preferences.

Mr. Viplav Shah, Head – LCV Business, Ashok Leyland said, “Ashok Leyland is delighted to collaborate with Sarva Haryana Gramin Bank to offer our customers highly attractive financing solutions. This strategic partnership not only strengthens our market presence but also reinforces our commitment to innovation and customer success. With cutting-edge technology and industry-leading total cost of ownership, our products are designed to drive profitability and value for our customers. We remain steadfast in our commitment to deliver exceptional experiences and building long lasting relationships.”

Mr. Sanjeev Kumar Dhupar, Chairman, Sarva Haryana Gramin Bank said, “Sarva Haryana Gramin Bank is pleased to partner with Ashok Leyland to offer seamless vehicle financing solutions. This association reflects our dedication to serving the diverse financial needs of commercial vehicle customers. We are confident that this collaboration will enable us to extend our reach and provide tailored financing options to support the growth of businesses in the commercial vehicle segment in the state.”

Ashok Leyland today offers a comprehensive range of trucks and buses to meet the full spectrum of commercial vehicle needs, from intercity light commercial vehicles to long-haul trucks and a wide variety of buses. Ashok Leyland’s vehicles ensure safe transport and driver-friendly options. As a pioneer in technological innovations within the truck and bus segment, Ashok Leyland is fully equipped with a range of buses powered by alternative fuels, dedicated to reducing pollution and promoting an eco-friendly transport system in India.

Sarva Haryana Gramin Bank (SHGB), established under the Regional Rural Bank Act, 1976, operates under the sponsorship of Punjab National Bank with its head office in Rohtak, Haryana. Serving all 22 districts of Haryana through 686 branches and 11 regional offices, SHGB promotes financial inclusion and rural development. Offering savings, loans, and insurance, the bank supports farmers, small businesses, and rural entrepreneurs. With impeccable credit quality and 0% Net NPA, SHGB thrives on innovative, customer-focused banking solutions, fostering sustainable growth and prosperity in rural Haryana.

360 ONE WAM to Acquire Batlivala & Karani Securities, one of India’s leading brokerage houses

Chandigarh, January 29, 2025: 360 ONE WAM, India’s premier wealth and asset manager, has entered into a definitive agreement to acquire Batlivala & Karani Securities India Private Ltd [B&K] and Batlivala & Karani Finserv Private Ltd for Rs 1,884 crores (inclusive of Rs 200 crores of cash and cash equivalent). B&K is a leading mid-cap brokerage, servicing almost all leading Foreign and Domestic Financial Institutions. The company is a full-service broker dealing with institutional investors and also offers corporate treasury services to its set of clients, serviced by a team of over 300 professionals.

B&K is a pioneer in providing independent and unbiased research with a coverage of over 450 companies making it a leader in the mid and small cap space.

The acquisition, structured as a combination of a stock swap and part-cash transaction, is subject to regulatory approvals. Once complete, this strategic acquisition will help 360 ONE bolster its Broking Platforms across all market segments (UHNI, HNI, Retail, Institutions) along with growing its Equity Capital Markets business to serve its existing client base. Additionally, B&K’s strong presence in the corporate treasury segment is another area of synergy for 360 ONE’s client base.

As part of the transaction, Saahil Murarka, Managing Director, at B&K Securities will also become a part of the 360 ONE Group and lead the Broking and Capital Markets business.

Karan Bhagat, Founder, Managing Director & CEO, of 360 ONE WAM Ltd., stated, “This partnership marks a pivotal moment for both our firms. This acquisition strengthens our position as a market leader, enabling the integration of research, advisory, and execution capabilities across a wider spectrum of services. We are excited to work with Saahil and his team to grow this business line and deliver better value to our institutional, corporate, and ultra-high-net-worth clients.”

Saahil Murarka, Managing Director, B&K Securities said, “We are incredibly proud of B&K’s history and heritage as one of India’s oldest financial services institutions. This partnership with 360 ONE WAM is a natural progression for us, combining the best our organizations have to offer. B&K’s expertise in equities, institutional, and corporate financial services with 360 ONE’s comprehensive wealth management and asset management capabilities. We look forward to working closely and continuing to deliver exceptional service to our clients.”

Isuzu Motors India Expands Across India with New Touchpoints, Including Bihar

29th January 2025, Bengaluru : Isuzu Motors India, a subsidiary of Isuzu Motors Limited, Japan, continues to expand its footprint in India with the inauguration of four new touch points across India. This includes two new 3S (Sales, Service, and Spares) dealerships in Indore, Madhya Pradesh, and Patna, Bihar, along with two new Authorized Service Centers (ASCs) in Khammam, Telangana, and Ratnagiri, Maharashtra.

With these new additions, ISUZU’s network has grown to 72 locations across India, reaffirming its commitment to being close to our customers, customer satisfaction, and a seamless ownership experience.

Isuzu Motors India has partnered with Sagar ISUZU for Indore, and with Imperial ISUZU in Bihar. This marks extension of ISUZU brand into Bihar. To enhance service and customer relations reach, the company also inaugurated new ASCs in Khammam, Telangana, and Ratnagiri, Maharashtra. The Khammam ASC, operated by Beyond Auto Care, while the Ratnagiri ASC, operated by Shrine ISUZU. Shrine ISUZU also operates a 3S facility in Kolhapur. These facilities are built according to ISUZU dealership standards and all the staff members are trained by ISUZU experts to provide exceptional customer experiences.

Commenting on the network expansion, Mr. Rajesh Mittal, President & Managing Director, Isuzu Motors India, said, “Our continued network expansion reflects ISUZU’s brand progress and underscores our commitment to staying closer to our customers while delivering a differentiated experience. With the addition of these dealerships and service centers, we are well-positioned to meet the growing demand for ISUZU vehicles across the country. “

Mr. Toru Kishimoto, Deputy Managing Director, Isuzu Motors India, added, “At ISUZU, we prioritize customer delight throughout their ownership journey. These new facilities reinforce our commitment to providing seamless, personalized sales and service experience. We strive to elevate the ownership journey. We wish the very best for our new dealers in their endeavours to take the ISUZU journey forward.”

TVS Motor Company’s Revenue for Q3 2024-25 grows by 10 Percent

Chandigarh, January 29, 2025: TVS Motor Company’s operating revenue grew by 10% at Rs. 9,097 Crores for the quarter ended December 2024 as against Rs. 8,245 Crores reported in the quarter ended December 2023.

The Company’s Operating EBITDA grew by 17% at Rs. 1,081 Crores for the third quarter of 2024-25 as against EBITDA of Rs. 924 Crores in the third quarter of 2023-24. The Company’s Operating EBITDA margin for the quarter is highest at 11.9% as against the Operating EBITDA margin of 11.2% reported in the third quarter of 2023-24. The Company’s Profit Before Tax (PBT) grew by 8% at Rs. 837 Crores for the third quarter of 2024-25 as against PBT of Rs. 775 Crores in the third quarter of 2023-24. PBT for the quarter includes a fair valuation loss of Rs. 41 Crores as against a gain of Rs.65 Crores during Q3 of last year.

The overall two-wheeler and three-wheeler sales including exports grew by 10% registering 12.12 Lakh units in the quarter ended December 2024 as against 11.01 Lakh units in the quarter ended December 2023. Motorcycle sales grew by 6% registering 5.56 Lakh units in the quarter ended December 2024 as against 5.23 Lakh units in the quarter ended December 2023. Scooter sales for the quarter ended December 2024 grew by 22% at 4.93 Lakh units as against 4.04 Lakh units in the third quarter of 2023-24. Three-wheeler sales for the quarter under review are at 0.29 Lakh units as against 0.38 Lakh units during the third quarter of 2023-24.

Electric Scooter sales for the quarter ended December 2024 grew by 57% at 0.76 lakh units as against 0.48 lakh units in the quarter ended December 2023.

Cumulative nine months results

Operating revenue grew by 13% at Rs. 26,701 Crores for the nine months ended December 2024 as against Rs. 23,608 Crores for the nine months ended December 2023.

The Company’s Operating EBITDA grew by 21% at Rs. 3,121 Crores for the nine months ended December 2024 as against EBITDA of Rs. 2,588 Crores for the nine months ended December 2023. The Company’s PBT grew by 19% at Rs. 2,517 Crores for the nine months ended December 2024 as against Rs. 2,109 Crores during the nine months ended December 2023. The Company’s PAT grew by 16% at Rs. 1,858 Crores for the nine months ended December 2024 as against Rs. 1,598 Crores during nine months ended December 2023.

The Company’s two-wheeler sales including exports grew by 14% registering 34.29 Lakh units in the nine months ended December 2024 as against 30.13 Lakh units registered in the nine months ended December 2023. Motorcycle sales grew by 10% registering 16.31 Lakh units in the nine months ended December 2024 as against 14.79 Lakh units in nine months ended December 2023. Scooter sales for the nine months ended December 2024 grew by 19% registering 14.01 Lakh units as against the sales of 11.74 Lakh units in the nine months ended December 2023. The Company’s two-wheeler exports grew by 19% at 7.78 Lakh units in the nine months ended December 2024 as against 6.52 Lakh units in the nine months ended December 2023. Total three-wheeler sales is at 0.98 Lakh units for the nine months ended December 2024 as against 1.16 Lakh units during nine months ended December 2023. Electric vehicles grew by 40% registering sales of 2.03 Lakh units for the nine months ended December 2024 as against 1.44 Lakh units during the nine months ended December 2023.

Chilean Cherry Exports to India Soar with Increased Sea Shipments

India, January 2025

Chilean cherries, with their vibrant red hue, unmatched sweetness, and juiciness, are celebrated as the perfect fruit for the festive and winter seasons. Now available across Indian markets, they bring the freshest and most delectable produce straight from Chile.

Chile, the world’s leading exporter of cherries, has nearly doubled its export to India in the 2024-25 season. According to the latest data available, the export volume has surged from 367 MT in 2023-24 to 708 MT in 2024-25.

What makes this growth special is the arrival of several containers by sea. The arrival quality was perfect, showcasing the systems and processes that Chilean cherry shipper and packers have adopted to serve a distant Indian market.

Mr. Juan Angulo, Ambassador of Chile to India and Mr. Jorge Andres Loyola Castro, ProChile Trade Commissioner, visited the Delhi’s Azadpur wholesale fruit market to witness the arrival and reception of the Chilean cherries in the market.

Mr. Gustavo Gonzalez Bulo, Consul General of Chile in Mumbai and Ms. Misri Kamlesh Goradia, ProChile Representative in Mumbai visited the Mumbai’s wholesale markets to welcome the cherries and show their support to Indian importers, wholesalers, and retailers.

Juan Angulo, Ambassador of Chile to India, remarked, “The growing popularity of Chilean cherries in India underscores the strong trade relations between our two countries. It is also amazing to see the high quality of Chilean cherries in India, even after they have traveled over 40 days in sea containers.”

Speaking on the occasion, Jorge Andres Loyola Castro, ProChile Trade Commissioner, said, “Our cherries are known for their exceptional quality and freshness and it is heartening to see Indian consumers embracing the vibrant flavours and health benefits of Chilean cherries, making them a key part of their festive and winter celebrations.”

Mrs. Claudia Soler, Executive Director of the Chilean Cherry Committee of Frutas de Chile, remarked, “This season showcases the extraordinary opportunity that these premium Chilean cherries have in the Indian market. Through targeted promotional activities and engaging campaigns, we aim to showcase their versatility, not only as a delightful snacking option but also as a cherished ingredient for festive recipes.”

Godrej Interio Launches UPMODS: Personalized Furniture for Modern Homes

Chandigarh, January 29, 2025: Interio, one of India’s leading furniture brands under the Godrej Enterprises Group, has launched UPMODS, an innovative furniture range designed to meet the evolving needs of modern Indian consumers. Tailored for homeowners who value personal style, adaptability, and sustainability, UPMODS sets a new benchmark in furniture ownership with its unparalleled customization and upgradability.

UPMODS offers consumers the flexibility to modify their furniture without the need for complete replacements, providing a sustainable alternative that evolves with their lifestyles. With 2450 combination options, this platform-based approach empowers homeowners to upgrade, refurbish, and personalize their furniture effortlessly, enabling a complete transformation of their home’s look and feel.

Dr. Dev Narayan Sarkar, Senior Vice President and Head of Consumer Business, Interior, said, “The future of interior design lies in personalization and practicality, driven by the growing demand for multifunctional spaces that adapt to individual lifestyles. Today’s design-conscious consumers seek furniture that not only reflects their unique style but also evolves with their needs. UPMODS is our innovative response to this trend—a premium yet accessible furniture solution that supports sustainable living by reducing waste and eliminating the need for frequent replacements.”

The UPMODS range features:

Sofa Platform : A versatile core chassis supporting multiple configurations. Consumers can start with a 3-seater and expand to a sectional. Removable upholstery, interchangeable armrests, and various fabric and color options enable complete personalization.

Dining Collection : Adaptable table sizes with mix-and-match chair designs, under structure, tabletop designs and much more. The range allows upgrades from a 4-seater to a 6 or 8-seater, with multiple material and finish options for a personalized dining experience.

Bed Range : Contemporary designs with modular components, including interchangeable headboards and flexible storage configurations. Options for size upgrades and diverse material combinations cater to different bedroom aesthetics.

UPMODS combines form, functionality, and sustainability, addressing the limitations of traditional furniture with its innovative modular design. By offering affordable upgrades and customizable elements, it empowers homeowners to keep their spaces aligned with changing trends while reducing environmental impact.

With UPMODS, Interio continues to shape the future of home décor, ensuring that modern Indian homes reflect evolving lifestyles without compromising on style, comfort, or sustainability.