VegaBytz to Launch its Plant-based Vegan Meat Products in India

Reliance Retail, India’s largest retailer, has introduced a new range of six indigenously developed Home Theatre LED TVs under the BPL brand, created in collaboration with audio equipment specialist HARMAN. These TVs are designed to provide consumers with a comprehensive entertainment experience by offering superior audio and visual quality, promising a home theatre-like experience in Indian homes.

As high-definition digital content continues to grow in India, consumers are increasingly seeking TVs that deliver not only exceptional picture clarity but also immersive audio performance. Addressing this demand, Reliance Retail’s BPL Home Theatre TV range uses HARMAN’s AudioEFX tuning software, powered by four AI algorithms that optimize audio output. This technology delivers a wide audio spectrum, capturing intricate details with clarity to provide a truly cinematic experience at home.

Reliance Retail aims to expand its presence in India’s LED TV market with a product lineup that combines reliability, efficiency, and affordability. In line with its support for India’s self-reliance and innovation goals, these Home Theatre TVs are proudly ‘Made-in-India,’ contributing to the country’s growing manufacturing sector and positioning India as a global manufacturing leader.

The BPL Home Theatre LED TVs are available at electronic stores, large format outlets, modern retail locations, and online platforms like jiomart.com and reliancedigital.in. With its extensive service network, Reliance Retail ensures customers receive continuous product support and service, available at all times.

Starbucks is once again marking the holiday season in India with the return of its iconic festive beverages, seasonal pastries, and holiday merchandise. With a significant presence in the country, the retail giant is set to add festive cheer through a range of hand-crafted beverages and limited-edition treats, available at its stores nationwide.

The holiday drinks menu features popular favorites like the Peppermint Mocha and Toffee Nut Crunch, alongside new additions such as the Crunchy Red Hat Mocha. Starbucks offers a variety of options, including hot and cold beverages designed to enhance the festive experience.

• Toffee Nut Crunch: A classic holiday choice, this collection includes the Toffee Nut Crunch Frappuccino and Latte, along with a cold brew and nitro cold brew options, all topped with graham cracker crumbles.
• Crunchy Red Hat Mocha: This playful holiday treat combines rich chocolate and strawberry flavors, available in the form of a Mocha Latte, Iced Mocha, and Frappuccino.
• Gingerbread: For a taste of nostalgia, Starbucks brings back the Gingerbread Latte and Frappuccino, along with a coffee-free Crème Frappuccino.
• Salted Pretzel Caramel: A sweet and savory offering, this includes the Salted Pretzel Caramel Latte and Frappuccino, as well as a coffee-free Crème version.

In addition to beverages, Starbucks has introduced limited-edition food items to complement the holiday drinks. These include the Christmas Tree Pastry, a decadent chocolate ganache creation, and the Carrot Cake, infused with cinnamon and nutmeg.

For those looking to add a festive touch to their celebrations, Starbucks has launched a selection of holiday merchandise, including reusable holiday cups, festive mugs, and ornaments. The Golden Night Mug, priced at Rs 2300, stands out as a sophisticated gift option.

Sushant Dash, CEO of TATA Starbucks stated, “Christmas holds a special place at Starbucks, as one of our most celebrated occasions worldwide. This year’s theme, ‘Merrier Together,’ is a recognition of the community spirit the holidays bring, as people unite through song, laughter, and the joy of sharing connections over a cup of coffee.” He further emphasized that the brand’s 2024 holiday collection is designed to enhance the festive experience and create memorable moments for customers across India.

These holiday offerings are available for a limited time at Starbucks stores across India, inviting customers to celebrate the season with festive beverages and unique merchandise.

Nolte Küchen, a global leader in kitchen and interior solutions with a legacy spanning over 100 years, is expanding its retail footprint across India. The company has committed $2 million (approximately Rs 17 crore) for this pan-India expansion, focusing on bringing its high-quality kitchen and interior designs to Indian households and realtors. With a strong presence in over 60 countries, including the US, Middle East, Africa, South Asia, and the Far East, Nolte Küchen aims to further establish its brand in the Indian retail market.

Selvakumar Rajulu, Managing Director of Nolte FZE stated, “What makes Nolte Küchen a global leader in the kitchen and interior solution space is the unparalleled high-quality standards of our ‘Made in Germany’ products, prioritizing users’ diverse preferences and functionalities. We are steadfast in our mission to revamp the kitchen interior scenario in India with a nationwide expansion plan that includes launching numerous projects and retail kitchens, revitalizing our showrooms with unique Nolte designs, and rolling out approximately 30 Nolte stores by 2025.”

The company plans to build on its presence in cities such as New Delhi, Bangalore, Kolkata, Jaipur, Cochin, Pune, Indore, Surat, Guwahati, Raipur, and Baroda, while also expanding into new regions, including Chennai, Ludhiana, Goa, Hyderabad, Ahmedabad, Chandigarh, Lucknow, and Andhra Pradesh within the next six months. Additionally, Nolte is preparing to open a flagship store and competence center in Mumbai, signaling its long-term commitment to the Indian market.

As demand for modular kitchen designs and customized utility spaces increases, Nolte Küchen is positioning itself as the preferred choice for modern Indian households. The company's India operations, led by Nolte FZE from its competence center in Dubai, have seen significant growth, with exports to over 25 countries and more than 75 showrooms across the Middle East, Africa, South Asia, and the Far East. Nolte Küchen's commitment to sustainability and ecological design ensures that its products not only meet diverse design needs but also serve as lasting investments for customers.

KAI Group, a renowned company known for its kitchenware, personal care, and beauty care products, has appointed Keijiro Takasago as the new Managing Director of KAI Manufacturing India. Takasago brings with him over three decades of experience in corporate banking and international business leadership across diverse markets such as Japan, Thailand, India, and Vietnam. His deep expertise in strategic planning, cross-border operations, and client-focused management positions him as a highly capable leader to spearhead KAI India’s growth and innovation in the competitive Indian market.

Takasago’s leadership experience spans multiple industries and roles, with a proven track record in driving operational efficiency and formulating impactful business strategies. His extensive exposure to India and other key international markets has equipped him with invaluable insights into the challenges and opportunities that come with operating in such dynamic environments. With a strong background in cross-cultural management, Takasago is well-versed in fostering growth in competitive business landscapes, making him the right leader to navigate the evolving demands of the Indian market.

Keijiro Takasago expressed, "I am deeply honored to take on the role of Managing Director at KAI Manufacturing India. India is a vibrant and rapidly evolving market, with tremendous opportunities for growth and innovation. My vision for KAI India is to continue expanding our offerings while staying true to our heritage of delivering high-quality Japanese craftsmanship. I look forward to collaborating with the team to create solutions that align with the needs and aspirations of our Indian consumers, driving the brand to new heights."

Takasago’s appointment signals KAI Group’s commitment to strengthening its presence in India, focusing on expanding its product range and ensuring that its high standards of quality and innovation resonate with Indian consumers. His leadership is expected to drive the company’s continued success in the region.

Bluestone Jewellery and Lifestyle is targeting a valuation of at least Rs 120 billion ($1.41 billion) through its initial public offering (IPO), according to sources familiar with the matter. The Indian retail jewellery brand aims to raise Rs 10 billion through the sale of new shares, while existing investors, including Accel India and Kalaari Capital, plan to sell 24 million shares, as indicated in the draft papers.  

The total IPO size is expected to reach approximately Rs 30 billion, though Bluestone has yet to issue an official comment on the development.  

Bluestone operates in India’s highly competitive retail jewellery market, selling diamond, gold, platinum, and studded jewellery. Key competitors include Titan, Kalyan Jewellers, and Tribhovandas Bhimji Zaveri, among others, in the world’s second-largest market for gold jewellery after China.  

According to Grand View Research, India’s jewellery market was valued at $85.52 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5.7 percent through 2030.  

India's capital markets have experienced significant growth in 2024, with more than 300 companies raising $17.5 billion so far, more than double last year’s total, according to data from LSEG. However, rising inflation and slowing urban consumption may pose challenges for Bluestone, given its focus on discretionary products such as jewellery, noted Mahesh Ojha, Assistant Vice President of Research and Business Development at Hensex Securities.  

Bluestone reported improved financial results for the fiscal year ending March 2024. Its annual loss narrowed to Rs 1.42 billion from Rs 1.67 billion the previous year, while its revenue from operations surged over 64 percent to Rs 12.66 billion.  

The company plans to allocate the IPO proceeds toward funding its working capital needs, supporting its growth strategy in India’s evolving retail jewellery market.

Goyal Salt Limited, a key FMCG player in India’s salt industry, is investing Rs 80 crore to establish a large salt manufacturing facility in Gandhidham near Kutch, known for its salt production. The new plant, spanning 12 acres, will have a production capacity of 4,50,000 MT and is currently undergoing trial runs. It is expected to become operational by January 2025. With this development, Goyal Salt is poised to become the largest natural salt producer in India.

In addition to the upcoming Gandhidham facility, the company operates a unit in Nawa City, covering 15 acres. This unit is dedicated to salt refining, raw salt storage, and refined salt packaging, with an annual capacity of 2,10,000 MT.

Goyal Salt manufactures a range of industrial and edible salts, including Triple Refined Free Flow Iodized Salt, Industrial Salt, Double Fortified Salt, and Triple Refined Half Dry Salt. The company has established a strong presence across North India, including Bihar, Delhi, Haryana, Jharkhand, Madhya Pradesh, Punjab, Rajasthan, Uttar Pradesh, and West Bengal. It aims to become one of India’s top three salt brands by expanding its footprint in Western states like Maharashtra and Gujarat.

Pramesh Goyal, Managing Director of Goyal Salt said, “Gandhidham offers a conducive business environment and continues to be a top destination for investments. This new plant is a key step in our expansion, fostering growth in Western and Eastern parts of the country like Maharashtra, Gujarat, Odisha, and Assam. The new Gandhidham facility represents a substantial investment of ₹80 crore, underscoring our commitment to make Goyal Salt a household name in India. The plant is equipped with cutting-edge technology and infrastructure designed to meet the high standards of salt production, ensuring that we continue to deliver world-class products to our customers.”

India is currently the third-largest salt-producing country, reflecting its robust market potential. Goyal Salt’s continued focus on increasing production capacity, expanding its product portfolio, and strengthening its market presence highlights its growth strategy in India’s competitive salt industry.

The Westin Mumbai Powai Lake and Lakeside Chalet-Marriott Executive Apartments have named Ekta Kanchan as Director of Marketing and Communications. With over 12 years of experience in hospitality, F&B marketing, and the alcohol and beverage sectors, Kanchan brings a blend of creative strategy and operational expertise.

General Manager Hemant Tenneti commented, “We are elated to see Ekta Kanchan in her new role at The Westin Mumbai Powai Lake and are excited to welcome her. With her rich expertise and forward-thinking approach, Ekta is set to transform the way we connect with our guests and the market at large.”

Kanchan aims to strengthen the property’s brand by leveraging data-driven marketing, personalized campaigns, and enhanced customer engagement. She plans to introduce wellness-driven initiatives while fostering team collaboration.

“I’m thrilled to gain this opportunity and look forward to working with each one within the team to create spectacular campaigns together. My goal is to craft experiences that leave a lasting impression and drive sustained growth. I will always encourage my team to trust their instincts, embrace challenges, and nurture creativity as it sets one apart,” Kanchan shared.

Kanchan holds a degree in Hospitality and Hotel Administration from IHM Goa and a Postgraduate Diploma in Advertising and Graphic Design from Wigan ab Leigh College. Her career spans roles at Accor, Zomato, Dineout, and Hill Zill Wines.

During her tenure at The Westin Mumbai Powai Lake, she played a key role in relaunching the Mayouchi Restaurant and boosting social media campaigns that drove revenue growth. In her new role, she plans to strengthen the hotel’s market presence as a premier luxury destination in Mumbai.

Aditya Birla Fashion and Retail Limited’s premium clothing brand Van Heusen has expanded into the eveningwear segment with the launch of its new sub-brand, ‘VH Evening.’ This move reflects the brand's strategy to diversify beyond formal and wedding wear, catering to the growing demand for stylish evening apparel for men and women in India.  

VH Evening’s collection focuses on contemporary eveningwear that blends sophisticated and casual styles, targeting consumers seeking versatile wardrobe options. With this launch, Van Heusen addresses the evolving fashion preferences of modern professionals who desire a balance between refinement and casual elegance.  

Abhay Bahugune, Chief Operating Officer of Van Heusen said, “At Van Heusen, we continuously strive to stay ahead of evolving consumer preferences, and the launch of VH Evening is a testament to that commitment. We identified a significant gap in the market for sophisticated eveningwear that allows for bold self-expression without compromising on elegance. VH Evening not only addresses this demand but redefines the category by offering a seamless blend of individuality, refinement, and versatility.”  

The inaugural collection, ‘Born of Art,’ draws inspiration from iconic art movements such as the Renaissance, Cubism, and Impressionism. Designed for modern professionals, the line features a variety of apparel, including blazers, suits, dresses, shirts, and T-shirts. These pieces effortlessly transition from day to night, blending artistic elements with wearable fashion.  

Gaurav Raheja, Design Director at Van Heusen said, “The ‘Born of Art’ collection redefines the essence of eveningwear by seamlessly blending timeless artistic movements with cutting-edge design. With VH Evening, we’ve crafted a line where every detail—from bold, statement prints inspired by Renaissance and Cubist art to subtle, refined touches like artistic motifs—tells a story of creativity and individuality.”  

To support VH Evening’s launch, Van Heusen introduced the ‘Frame’ marketing campaign. Designed around the concept of wearable art, the campaign features models set against art gallery-like backdrops, emphasizing the creative intersection of fashion and fine art.  

The campaign includes high-visibility promotions across digital, print, and outdoor platforms, targeting fashion-conscious audiences throughout India. Pop-up gallery events in major cities will offer customers an immersive experience of the collection, reinforcing its artistic inspiration.  

VH Evening’s debut positions Van Heusen at the intersection of art and fashion, redefining eveningwear with a focus on personal expression, refined style, and creative storytelling. The collection is available at Van Heusen stores across India and online.

Cellecor, a trusted name in consumer electronics, has marked a significant milestone by entering the cooler category, launching a range of high-performance coolers designed to meet diverse cooling needs. The new product lineup includes a Personal Cooler with a 45L capacity, as well as Desert Coolers with capacities of 65L, 80L, 85L, 100L, and 110L.

The product range has already garnered tremendous success, with Cellecor securing advance orders for 42,000 units within the first seven days of availability. The orders have been facilitated through the company’s manufacturing partners, M/s PG Electroplast Limited and Nobel Moulds Private Limited. Dispatches for 10,000 units are already underway through Cellecor’s extensive distributor network. This exceptional response underscores the market’s enthusiastic reception and strong trust in the Cellecor brand.

Designed with the needs of Indian consumers in mind, these coolers incorporate advanced cooling technology and robust performance, making them ideal for both personal and large-space cooling. Whether for homes or businesses, the coolers cater to a wide range of requirements, ensuring comfort during the hot months.

Ravi Agarwal, MD and Founder, Cellecor Gadgets Limited said, “This is a significant milestone for Cellecor as the company ventures further into the home appliances segment. This move reflects Cellecor’s strategic vision of becoming a one-stop solution for consumer needs. The overwhelming response further strengthens Cellecor’s commitment to delivering innovative, reliable, and high-quality products that enhance everyday living.”

Cellecor is leveraging its robust distribution network across 28 states and 2 Union Territories, supported by over 1,200 distributors and 50,000 retail points, to make its cooler range widely accessible. The company’s partnership with localized manufacturing partners also aligns with the ‘Make in India’ initiative, emphasizing its commitment to high-quality products and contributing to the country’s manufacturing growth.

With its entry into the cooler segment, Cellecor is positioning itself for strong growth in the home appliances market, an important focus in the company’s broader diversification strategy. Cellecor is on track to becoming a household name in India, known for its innovative, reliable, and affordable products.

Amazon is making a bold move into India’s rapidly growing quick commerce sector, with a promise to deliver everyday essentials within 15 minutes or less. The pilot program is set to launch in Bengaluru later this month, intensifying the competition in a market already led by players like Blinkit, Zepto, and Swiggy Instamart.

Samir Kumar, Amazon India’s country manager, made the announcement during the company’s annual event, Smbhav, held in Delhi. He emphasized Amazon's focus on "selection, value, and convenience," explaining that the pilot is aimed at meeting the rising demand for faster deliveries. However, the name of the service, reportedly "Tez," remains unconfirmed.

To support the service, Amazon plans to leverage dark stores—small warehouses dedicated exclusively to fulfilling online orders. While the company has not disclosed how many dark stores will be established or which cities will follow Bengaluru, sources indicate that the expansion will depend on the success of the initial pilot.

Quick commerce is gaining significant momentum in India, driven by changing consumer preferences and a growing demand for convenience. A report by Meta reveals that 91 percent of online consumers in India are familiar with quick commerce platforms, and more than half have used them recently. The report also highlights that 57 percent of users are spending more on these platforms, particularly for groceries and personal care products, which are the primary focus of quick commerce compared to traditional e-commerce.

The grocery sector, in particular, has seen strong growth, as consumers increasingly turn to quick commerce for the fast replenishment of fresh produce, dairy, and other staples—items that traditionally had longer delivery windows in conventional e-commerce.

Amazon is entering the quick commerce space later than its competitors, who have already built extensive networks of dark stores to facilitate fast deliveries. Companies like Blinkit, Zepto, and Swiggy Instamart have established a strong foothold in the market, catering to the growing demand for ultra-fast deliveries.

When asked about the delay in launching its service, Kumar explained, “We take our time to make decisions, but when we do, we aim to build a fine product. Our goal is to ensure safety standards for our associates and customers.”

The quick commerce sector in India is estimated to be worth $6 billion and continues to grow rapidly, especially in urban areas where consumers are gravitating toward platforms that promise faster deliveries. Amazon already offers a two-hour delivery service through Amazon Fresh for groceries, and this 15-minute service could give it a competitive edge, attracting more customers, including millions of Prime members.

Amazon’s entry into the market could disrupt current leaders like Blinkit, Zepto, and Swiggy Instamart, who have built strong networks and enjoy the advantage of being first movers. With Amazon's vast financial resources, customer base, and logistics expertise, it poses a significant challenge to these existing players.

However, succeeding in quick commerce will not be easy. The sector demands flawless execution, including efficient delivery systems, robust inventory management, and competitive pricing. Any operational missteps could hinder Amazon’s ability to gain traction in a market where its competitors are already well-established.

BSH Home Appliances, a subsidiary of global home appliance leader BSH Hausgeräte GmbH, has launched the Siemens Experience Centre in Bengaluru, setting a new benchmark in customer engagement and personalized home appliance experiences. This state-of-the-art facility aims to immerse visitors in Siemens’ premium, innovative product range, offering a unique, tailored journey that blends technology with sophisticated living.

The Siemens Experience Centre is designed to transform the way customers interact with home appliances. Personalized, one-on-one consultations with in-house chefs and experts ensure every visitor receives expert guidance—from choosing the right appliances to understanding their features and post-purchase support. This personalized approach highlights Siemens’ commitment to making premium living more accessible while addressing the individual needs of each customer. One of the standout features of the Centre is the Life Arena, a live kitchen where customers can experience Siemens' cutting-edge appliances in action. Visitors can attend exclusive masterclasses, witness live cooking demonstrations, and explore the extraordinary capabilities of Siemens’ technology, making everyday kitchen tasks an exceptional experience.

For those looking to design their dream kitchens, the Centre also offers bespoke consultations with architects and designers who help integrate Siemens’ appliances seamlessly into modern home spaces. The Centre also showcases Siemens’ range of connected appliances that effortlessly integrate into smart homes. From coffee machines compatible with the Home Connect app to washing machines and dishwashers offering unparalleled convenience, Siemens’ appliances are engineered to simplify life while offering sophistication and performance.

Additionally, the Centre features an exclusive studioLine section, offering luxury options for the discerning customer, complete with dynamic displays that showcase the innovation behind each product. Visitors also get to experience the iQ700 range of built-in ovens, a game-changing addition to Siemens' cooking lineup. The iQ700 oven, with its industry-first integrated camera powered by AI, allows users to select their preferred browning levels, offering a personalized cooking experience that caters to individual tastes and preferences.

Bengaluru, known for its rapidly growing premium kitchen segment, continues to solidify its position as a hub for luxury living and innovation. Contributing 15 percent to Siemens’ Built-in Business in India, the city is home to renowned modular kitchen brands such as Valcucine, Leicht Kitchens, SieMatic, and Poliform Kitchens, creating a thriving ecosystem of premium kitchen design that complements the city's luxury market growth. According to the Henley & Partners' Centi-Millionaire Report 2024, Bengaluru is expected to see a 150 percent increase in its centi-millionaire population, further driving demand for ultra-premium lifestyle experiences.

Saif Khan, MD & CEO, BSH Home Appliances India expressed, “We are excited to announce the opening of the Siemens Experience Centre in Bengaluru, a city that thrives on innovation and smart technology. This market reflects the aspirations of modern Indian consumers who value IoT-enabled appliances, energy efficiency, and premium living.  Bengaluru is a key market for us, playing a crucial role in our growth in the premium appliances segment. We are proud to create a space where customers can engage deeply with our innovative appliances, discover personalized solutions, and elevate their home living experience to new heights. The Siemens Experience Centre is more than just a retail destination—it’s a hub of inspiration, collaboration, and innovation that underscores BSH’s commitment to consumer-centricity and premium living.”

The Siemens Experience Centre is located at No - 8, GF, 15th Cross, 6th phase, JP Nagar, Bengaluru – 560078, and customers can explore the wide range of Siemens appliances firsthand. BSH Home Appliances now operates several experience centres across major Indian cities, including Mumbai, Delhi, Chennai, Kolkata, Hyderabad, and Bengaluru, ensuring unparalleled access to its luxury appliance portfolio nationwide.

Puneet Gulati, who previously served as the Chief Marketing Officer at VLCC, has now joined Sleepwell in the same capacity. Bringing years of marketing and strategic expertise, Gulati is poised to drive innovative initiatives and strengthen Sleepwell's market presence in his new role.

Gulati’s professional journey spans diverse industries and functions, reflecting his dynamic expertise and ability to adapt to evolving market needs. He began his career as a Sales Manager at Colgate-Palmolive, where he honed his skills in sales and brand management. Following this, he transitioned to Marketics as an Analytics Consultant, further expanding his knowledge in data-driven decision-making and business insights.

His association with GSK Consumer Healthcare India marked a significant phase in his career. Starting as Marketing Manager, he quickly climbed the ranks to become the Global Marketing Manager. As the Head of Digital and E-commerce Marketing and Media at GSK, Gulati played a pivotal role in shaping the company’s digital-first strategy. He operated a unique model, combining leadership in digital marketing with oversight of media operations, to drive transformational growth for the business. His ability to integrate traditional and digital marketing practices set new benchmarks for the company.

After his impactful tenure at GSK, Gulati joined Unilever as the Strategy Director for Beauty and Personal Care, South Asia. In this high-profile role, he crafted strategic frameworks for HUL’s beauty and personal care categories, including skin cleansing, skin care, hair care, oral care, male grooming, and cosmetics. His influence extended across key markets such as India, Pakistan, Bangladesh, and Sri Lanka. Gulati’s insights and strategic direction were instrumental in driving category growth and enhancing Unilever’s competitive edge in these regions.

Now, as he steps into his new role at Sleepwell, Gulati brings a wealth of experience in marketing innovation, consumer insights, and digital transformation. His track record of success in leading impactful campaigns and shaping brand narratives positions him as a valuable asset to Sleepwell’s leadership team. Gulati’s appointment is expected to bolster Sleepwell’s brand equity and accelerate its growth in the competitive mattress and home comfort market.

LG Electronics India Ltd, a subsidiary of South Korean conglomerate LG, has filed preliminary documents with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The proposed offering involves its parent company, LG Electronics Inc, selling over 10.18 crore equity shares, representing a 15 percent stake in its Indian arm.  

According to the draft red herring prospectus (DRHP), the IPO is entirely an offer for sale (OFS), meaning no new shares will be issued. LG Electronics Inc will offload 10,18,15,859 equity shares with a face value of Rs 10 each. Since the offering is structured as an OFS, LG Electronics India will not receive any proceeds from the IPO, with all funds directed to the parent company.  

The price band and final offer price will be determined through a book-building process based on market demand and various quantitative and qualitative factors. "The offer price will be determined by the Company, in consultation with the Book Running Lead Managers, based on the market demand for the equity shares offered through the Book Building Process," the DRHP stated.  

Post-IPO, LG Electronics Inc's stake in its Indian subsidiary will be reduced to 57.69 crore shares, reflecting a 15 percent dilution of ownership.  

Once listed, LG Electronics India will become the second South Korean company to tap into India’s retail stock market after Hyundai Motors India Ltd. This move aligns with growing interest from global corporations in India’s expanding retail and consumer electronics sectors.

India's diamond retail sector has experienced significant setbacks over the past three years due to declining demand in key export markets and supply chain disruptions caused by G7 sanctions on Russian-origin diamonds, according to a report presented in Parliament.  

Data from the Commerce and Industry Ministry reveals that diamond exports fell from $25.48 billion in 2021-22 to $18.37 billion in 2023-24, while imports dropped from $28.86 billion to $23 billion during the same period.  

“Yes, the diamond sector has been facing challenges during the last three years due to reduced demand in major export destinations and supply side issues such as G7 Sanctions on Russian origin diamonds,” stated Piyush Goyal, Commerce and Industry Minister, in a written reply to the Rajya Sabha.  

The minister also highlighted that exports of cut and polished diamonds have been particularly affected due to weakened global demand.  

To address these challenges, the Department of Commerce, in collaboration with industry stakeholders such as the Gems and Jewellery Export Promotion Council (GJEPC), has launched initiatives targeting new markets and diversifying product offerings while strengthening existing export destinations.  

India’s diamond industry comprises over 7,000 companies engaged in cutting, polishing, and exporting diamonds, mainly operating in Surat, Gujarat, and Mumbai, Maharashtra. Small and medium-sized family businesses form the backbone of the sector.  

The industry directly employs about 1.3 million people, with Surat accounting for nearly 8,00,000 workers, making it a global hub for diamond cutting and polishing. The sector also supports a wide range of related industries, including logistics, transportation, retail, and equipment manufacturing for diamond processing.

Vilcart, a tech-driven startup focused on India’s rural retail sector, has opened a new 10,000 sq. ft. office in Rajarajeshwari Nagar, Bengaluru. The three-story facility is designed to enhance innovation and operational efficiency, supporting the company’s mission to transform rural retail through technology and logistics solutions.  

The new workspace features an open-plan design aimed at fostering collaboration and communication among teams. Ergonomic elements throughout the office promote comfort and productivity. Meeting rooms equipped with advanced conferencing technology enable seamless discussions with internal and external stakeholders.  

A notable feature of the office is a mini Kirana store, symbolizing Vilcart’s core business focus. The store reflects the company’s commitment to empowering rural Kirana shops, which form the backbone of its operations. In March 2024, Vilcart reported revenue of Rs 102 crore, underscoring its steady growth in the rural retail sector.  

“We are excited about this new office expansion. It is not just a workplace, but a representation of the commitment that Vilcart has shown to continuously redefine and serve rural India. The mini Kirana store addition is a testament to the value and respect we give to the Kirana stores. Bengaluru has modern amenities and innovation hubs, and it will be important for expanding our reach and services across South India," said Prasanna Kumar C, Founder and CEO of Vilcart.  

Since its inception in 2018, Vilcart has expanded its operations to 30,000 villages across Karnataka, Andhra Pradesh, and Tamil Nadu, serving 85,000 Kirana stores. The company aims to cover all of South India by the end of 2024. In January 2023, Vilcart raised $18 million (Rs 144 crore) in Series A funding led by Asia Impact SA, supporting its expansion and strengthening its retail network.

Honasa Consumer Limited, parent company of leading brands such as Mamaearth, The Derma Co., Aqualogica, Bblunt, and Dr. Sheth's, has announced the elevation of Meetu Mulchandani as Vice President and Head of Brand Factory. This strategic move reflects the company’s focus on strengthening its presence in India’s retail and beauty market.  

Brand Factory, Honasa’s dedicated division for launching and nurturing emerging brands, has played a crucial role in the company’s expansion. Meetu Mulchandani has been instrumental in driving the growth of brands like Aqualogica, The Derma Co., Dr. Sheth’s, and Staze. In her expanded role, she will oversee the entire process of creating and scaling new brands under Honasa’s House of Brands portfolio. Her responsibilities will include ideation, market research, consumer insights, concept testing, and crafting business and marketing strategies.  

Varun Alagh, CEO and Co-Founder, Honasa Consumer Ltd said, “Brand Factory is central to Honasa’s vision of building India’s largest Beauty and Personal Care (BPC) House of Brands. By identifying market gaps and understanding evolving consumer needs, we’ve consistently launched and scaled successful brands. Meetu has been instrumental in this journey, driving innovation and growth for brands like Aqualogica and Dr. Sheth’s, transforming them into 100 crore success stories. I am confident she’ll continue to excel in this expanded role and bring her unique perspective, creativity, and strategic mindset to lead the Brand Factory team.”  

Meetu Mulchandani said, “I am both honored and excited to step into this new role at a time when Honasa Consumer is poised for even greater innovation and growth. It’s been incredibly fulfilling to be part of this dynamic team, and I’m eager to continue building impactful brands that resonate with our customers. This is just the beginning, and I look forward to driving forward our vision of creating brands that not only disrupt the market but also make a meaningful difference in people's lives.”  

With nearly two decades of experience in the beauty and personal care industry, Meetu has spent four years at Honasa, leading brand development initiatives. Her previous roles include senior positions at Nyumi, The Mom’s Co., Healthkart, Alteus Biogenics, and Mankind Pharma.  

Under her leadership, Brand Factory will continue to focus on developing innovative brands by fostering end-to-end ideation, incubation, and execution, catering to India’s evolving retail and consumer needs.

The Earth at Ranthambore, a flagship property of Earthian Hotels N Resorts, has appointed M L Choudhary as its new General Manager. With over 15 years of experience in the hospitality industry, Choudhary will lead the resort’s operations, focusing on enhancing guest experiences, operational efficiency, and sustainability—a key aspect of the brand’s identity in India’s retail and tourism sector.  

Choudhary has previously held senior management roles at notable hospitality establishments, including Sairafort Sarovar Portico in Jaisalmer. Known for his strategic and operational expertise, he has successfully implemented initiatives to improve service quality and boost operational performance. His leadership style emphasizes sustainability and people-first management, aligning well with The Earth at Ranthambore’s eco-conscious hospitality approach.  

M L Choudhary said, “I am excited to join The Earth at Ranthambore, a property renowned for its unique blend of wildlife hospitality and cultural immersion. I look forward to working with the team to enhance our eco-friendly practices further and offer guests an unforgettable experience that connects them with the natural beauty and rich heritage of Rajasthan.”  

As General Manager, Choudhary will oversee all aspects of the resort’s operations, including service management, resource optimization, and sustainable tourism initiatives. His role will also involve introducing community-based tourism programs and cultural experiences that strengthen the resort’s leadership in responsible hospitality.  

Rohit Pareek, MD of Earthian Hotels N Resorts commented, “M L Choudhary’s extensive background in hospitality management, coupled with his ability to drive both operational excellence and guest satisfaction, makes him the perfect fit for our team. We are confident that his leadership will contribute significantly to the resort’s growth and its commitment to sustainability.”  

The appointment reflects the brand's focus on fostering sustainable tourism and enhancing service standards across its operations.

Mondelez International, one of the leading names in snacks and confectionery, is reportedly considering acquiring Hershey Co., the iconic U.S. chocolate manufacturer. If the deal materializes, it would create a food industry giant with combined annual sales of nearly $50 billion, according to a Bloomberg report. This potential merger could reshape the confectionery landscape, bringing together Mondelez’s vast portfolio of snacks and Hershey’s celebrated chocolate brands.

Mondelez has submitted a preliminary proposal to Hershey to explore the possibility of a merger. In response, Hershey has engaged financial advisors to assist in evaluating and addressing the approach. This move by Mondelez comes on the heels of Hershey’s recent announcement of weaker-than-expected third-quarter earnings, which may have heightened the company’s attractiveness as a potential acquisition target.

While the discussions remain in the early stages, the development has already captured significant attention in the business and food industries. Experts note that if the merger were to proceed, it could result in significant synergies, including expanded market reach, streamlined operations, and enhanced product offerings. However, there is no assurance that the ongoing talks will culminate in a formal agreement.

This is not Mondelez’s first attempt to acquire Hershey. In 2016, Mondelez made headlines with a $23 billion bid to purchase the Pennsylvania-based chocolate giant. That proposal was ultimately rejected by Hershey, known for its beloved brands like Kisses and Reese’s Peanut Butter Cups, due to concerns over valuation and strategic alignment.

The potential acquisition reflects the ongoing consolidation trend within the food and beverage industry, as major players seek to strengthen their positions in an increasingly competitive global market. If successful, this deal could set a new benchmark for partnerships in the confectionery sector, combining Mondelez’s innovation-driven strategy with Hershey’s legacy of chocolate craftsmanship.

Third Wave Coffee, the coffee-first QSR brand known for its specialty coffee experience, has officially launched its first café in the enchanting city of Mysuru on Devraj Urs Road. The grand launch event was graced by the presence of His Highness Yaduveer Krishnadatta Chamaraja Wadiyar and Rajat Luthra, CEO of Third Wave Coffee.

This launch marks Third Wave Coffee’s entry into Mysuru, extending its presence to eight cities across India with a total of 117 stores. The brand has ambitious plans to expand further, with a target of reaching 150 stores by March 2025.

Over the past eight years, Third Wave Coffee has built a reputation for creating spaces that blend comfort, creativity, and meaningful experiences for its customers. Designed with thoughtful aesthetics and an inviting atmosphere, the brand's cafés foster personal reflection, social connections, and creativity while delivering an exceptional specialty coffee experience.

“Coffee is not just an occasional beverage anymore, it is powering people’s day now. And we are on a mission to deliver our exceptional coffee experience to more & more customers, wherever they are. Mysuru is one of the most charming cities in Southern India and we are honored to introduce our specialty brews to the people of the city. Our Cafes are spaces created with an aim to inspire and foster deep connections with our customers, and we are excited to bring the Third Wave Coffee experience to the community of Mysore,” shared Rajat Luthra, CEO, Third Wave Coffee.

Beyond serving exceptional coffee, Third Wave Coffee offers its customers engaging experiences such as events, workshops, and collaborations. With a focus on encouraging creativity and innovation, these spaces are designed to serve as meeting spots for friends, casual catch-ups, productive meetings, or moments of quiet reflection with a good book.

The store interiors combine warmth and welcoming vibes, reflecting influences from local culture to create inspiring spaces for conversation and connection. Their extensive menu offers a wide variety of options, from single-origin coffees and cold brews to handcrafted sandwiches, wraps, shareable bites, and other delicious offerings. Additionally, for loyal coffee enthusiasts, Third Wave Coffee offers branded merchandise that complements its specialty offerings.

The Mysuru location now solidifies Third Wave Coffee’s presence in eight major cities across India, including Delhi NCR, Mumbai, Bengaluru, Pune, Hyderabad, and Chandigarh. With 117 locations already operational nationwide, the brand remains committed to expanding its reach into new markets like Chennai and Mangaluru as part of its roadmap to achieve 150 stores by March 2025.

PVR INOX Limited, India’s leading cinema exhibitor, has announced the appointment of Traptika Chauhan as Head of Agency Business and Pre-Sales. Her role will involve strengthening the company’s agency partnerships, optimizing pre-sales operations, and driving revenue growth in the retail and media sectors across India.  

Traptika will lead efforts to enhance collaborations with advertisers and agencies, creating tailored media solutions that align with PVR INOX's business goals. Her responsibilities include streamlining pre-sales processes and fostering long-term partnerships to expand the company’s media portfolio.  

Traptika Chauhan stated, "I am honoured to join PVR INOX Limited at this exciting juncture. The company’s commitment to innovation and excellence in the media and entertainment space resonates deeply with me. I look forward to building meaningful agency relationships, streamlining operations, and unlocking new opportunities that will enhance value for our partners and stakeholders."  

With extensive experience in media strategy and sales leadership, Traptika has held senior roles at Disney+ Hotstar, Paytm Ads, GroupM, and Publicis. Her proven ability to drive growth through strategic partnerships and innovative sales approaches positions her well to lead PVR INOX’s agency business initiatives.  

This leadership appointment reflects PVR INOX's focus on innovation, collaboration, and delivering value-driven solutions for advertisers and audiences alike. The company aims to further solidify its presence in India’s media and entertainment retail space through strategic leadership and business development.

Myntra, Flipkart’s leading fashion e-commerce platform, reported a profit of Rs 30.9 crore for the fiscal year ending March 2024, marking a remarkable turnaround from a loss of Rs 782.4 crore in FY23. The turnaround was driven by increased revenue streams and strategic cost optimization, particularly in advertising and material costs.

Myntra’s revenue from operations saw a 14.71 percent increase, rising to Rs 5,121.8 crore in FY24 from Rs 4,465 crore in FY23, according to its consolidated financial statements filed with the Registrar of Companies (RoC). Logistics services contributed the largest share, accounting for 47.6 percent of operating revenue, which grew by 22.5 percent to Rs 2,439 crore. Marketplace services remained steady at Rs 1,774.6 crore, while advertising income surged by 33.07 percent to Rs 712.3 crore. Additionally, Myntra earned Rs 195.9 crore from other sources, with Rs 51 crore in non-operating revenue, primarily from royalty income, pushing its total revenue to Rs 5,173 crore.

The company’s largest expense, material costs, decreased by 7.82 percent to Rs 1,996.4 crore, while advertising expenses reduced by 4.63 percent to Rs 1,677.4 crore. Employee benefit costs increased by 7.74 percent to Rs 800 crore, and other overheads, including finance and IT costs, added Rs 650 crore. Myntra managed to cut its total costs by 3.16 percent, bringing them down to Rs 5,123 crore in FY24 from Rs 5,290 crore in FY23.

These measures, combined with growth in high-margin revenue streams, enabled Myntra to achieve profitability. The company’s return on capital employed (ROCE) improved to 11.07 percent, while its EBITDA margin increased to 2.76 percent. Notably, the company turned EBITDA profitable in the last two quarters of 2023.

Led by CEO Nandita Sinha, Myntra is also making strides in quick commerce with its new feature, M-Now, which promises 30-minute delivery of fashion and beauty products.

While this profitability milestone is a significant achievement, the road to success was long and challenging, spanning 16 years. The market remains unpredictable, as evidenced by competition from offline ventures like Zudio. As Myntra moves forward, the key question is whether it will focus on aggressive growth or prioritize sustained profitability. With its recent performance, the company seems poised to balance both, maintaining strict cost control while pursuing expansion.

Wooden Street, one of India’s premier furniture and home décor brands, has raised Rs. 354 crore (approximately $43 million) in a Series C funding round led by global investment firm Premji Invest. This milestone marks one of the largest investments in India’s home and furniture sector in recent years, underscoring the growing investor interest in this space.

Founded in 2015 by Lokendra Ranawat, Virendra Ranawat, Dinesh Pratap Singh, and Vikas Baheti, Wooden Street has grown into a household name in the Indian furniture market. Operating through a seamless blend of online and offline channels, the company boasts over 100 experience stores, 20 warehouses, and a massive 15 lakh sq. ft. manufacturing facility spread across the country.

Lokendra Ranawat, CEO & Co-founder of Wooden Street said, “This funding is a result of the hard work and dedication of the entire Wooden Street team. It reflects the trust our customers and investors placed in us. With Premji Invest’s support, we are poised to accelerate our mission of redefining how India experiences furniture, blending innovation with tradition at every step.”

The Indian furniture and home décor market is witnessing a rapid surge, driven by increasing urbanization, rising disposable incomes, and a shift toward organized retail.

“Indian consumers are increasingly seeking stylish, high-quality home and furniture products at affordable prices. With a vertically integrated supply chain, in-house manufacturing in India, and exclusive experience stores, Wooden Street has proven its ability to deliver beautifully crafted designs, exceptional quality, and competitive pricing. We are excited to partner with Wooden Street as they continue to delight customers with premium, made-in-India furniture," shared Kaveesh Chawla, Partner, Premji Invest.

Premji Invest’s extensive experience in nurturing high-growth ventures will provide Wooden Street with strategic insights to scale its operations. This funding milestone represents a turning point for the brand, empowering it to accelerate growth while staying true to its mission of redefining India’s home furniture landscape.

With approximately $35 million in funding previously secured, Wooden Street has already established itself as a leader in the sector. The Series C round not only validates its robust business model but also reflects a broader shift in investor focus toward the home and furniture vertical. As the company prepares to expand its footprint and redefine industry benchmarks, Wooden Street is poised to emerge as a dominant force in India’s growing furniture market.

Chinese smartphone maker OnePlus announced plans on Thursday to invest up to Rs 6,000 crore in its India business over the next three years. The company intends to allocate Rs 2,000 crore annually under its newly launched initiative, Project Starlight, aimed at enhancing product innovation and improving services in India.

"OnePlus on Thursday announced an annual investment of Rs 2,000 crore over the next three years to accelerate innovations in products and services in India. This investment plan was launched under the name of Project Starlight as a strategic vision for the brand's future investment in the region," the company said in a statement.

Robin Liu, CEO, OnePlus India, said, "The Project Starlight is a demonstration of our dedication to going beyond the surface to tackle the challenges faced by our users in their daily lives. India remains a top priority for us globally, and we continue to strive to earn the trust and affection of our Indian community." 

The Project Starlight initiative will focus on three core areas: creating more durable devices, delivering exceptional customer service, and developing India-specific features.

Amway India, a prominent player in the health and wellness retail sector, has outlined an ambitious goal to transform the lives of 5 million individuals over the next five years. This initiative aligns with the Government of India's Swasth Bharat mission and emphasizes "healthspan over lifespan." The company plans to achieve this by empowering its network of distributors to promote optimal wellness through personalized, science-backed recommendations and high-quality products.

“With over 65 years of global operations and the strength of our 90-year-old legacy brand, Nutrilite, that stands as a pillar of excellence, Amway is well placed to serve the nation like never before. India today needs a holistic approach to health and wellbeing with nutrition at its core, and with a ‘health-first’ approach, we at Amway India are consistently striving to foster a culture of proactive health management,” said Rajneesh Chopra, Managing Director, Amway India.

Chopra highlighted Amway’s "seed-to-supplement" philosophy, supported by 6,000 acres of organic farmland globally and 20 Nutricert partner farms in India, which ensures the delivery of high-quality products. He added, “Our aim is to empower individuals to embark on a transformative journey, embrace healthier habits, and ultimately help enhance their healthspan, catalyzing positive change nationwide. Our recent global investment of $4 million in the R&D labs in India reflects our commitment to the India market and its potential.”

Amway’s initiative responds to data from the Indian Council of Medical Research (ICMR), which attributes 56.4 percent of India’s disease burden to unhealthy diets. Drawing on decades of expertise in nutrition and health, Amway focuses on equipping individuals with practical nutritional knowledge to make informed lifestyle choices.

The company’s global team of over 800 scientists and professionals has developed more than 750 global patents, with more expected. This dedication to innovation aims to cater to evolving consumer needs and preferences, offering products that support healthier living.

In addition, Amway is leveraging its 5.5 lakh active distributors in India to build a community-driven approach to health and wellness. The company conducts more than 25,000 training sessions annually, empowering distributors and customers with the knowledge to foster better health practices.

By combining a focus on holistic health, nutrition education, and its robust retail distribution network, Amway India aims to contribute to building a healthier India and improving the nation's healthspan through collective efforts.

LOTS Wholesale Solutions has opened its latest store in Greater Noida, Uttar Pradesh, marking its sixth location in the Delhi NCR region. Spanning 38,000 square feet, this store highlights LOTS’ commitment to strengthening its retail presence in India. Operated by CP Wholesale India Pvt. Ltd., a part of the Thailand-based Charoen Pokphand Group, the brand is focused on catering to businesses of all sizes.  

The Greater Noida store offers over 4,000 products at wholesale prices, targeting a wide range of customers, including retailers, HoReCa (Hotels, Restaurants, and Caterers), and small business operators. With an enhanced focus on the HoReCa segment, the store features a comprehensive selection of fresh and frozen products, kitchen equipment, and food service solutions. The layout is designed with open aisles to ensure easy navigation, particularly for busy HoReCa professionals.  

Nishant Rayirath, Managing Director of LOTS Wholesale Solutions said, “We are thrilled to bring the LOTS Wholesale Solutions experience to Greater Noida. This new store represents our commitment to empowering businesses of all sizes by providing access to high-quality products at competitive prices. We are particularly excited about the enhanced focus on HoReCa and the introduction of premium international gourmet products, catering to the evolving needs of the food service industry and the broader business community."  

The store is expected to generate over 150 jobs, contributing to the local economy. Sustainability is a key element of the new location, with features like energy-efficient lighting and low-energy systems. Plans for a solar power plant are also underway to further enhance the store’s eco-friendly operations.  

Greater Noida was strategically chosen for its rapid development, growing retail demand, and infrastructure projects like the Noida International Airport and the Noida Expressway. These factors, along with a strong base of HoReCa businesses and small operators, make it an ideal location for LOTS’ expansion.  

LOTS Wholesale Solutions also emphasizes supporting local businesses by sourcing products from vendors in Uttar Pradesh and forming partnerships with local entrepreneurs. By actively engaging with the local community, the company aims to establish itself as a trusted retail partner in India, contributing to the regional economy through job creation and local sourcing initiatives.  

With the opening of the Greater Noida store, LOTS continues to expand its footprint across India, providing businesses with a robust wholesale platform tailored to their needs.  

Raymond Lifestyle Limited, a key player in India's retail industry, announced the appointment of Gautam Hari Singhania as the executive chairman, as disclosed to SEBI. This appointment comes as part of the company’s ongoing efforts to strengthen leadership as it approaches its centenary year of operations.

In a recent SEBI filing, it was revealed that 86.85 percent of the 4,17,57,480 votes cast were in favor of the resolution for Singhania’s appointment, while 13.15 percent were against it. The special resolution, initially proposed in a Postal Ballot Notice dated November 04, 2024, was passed with the necessary majority.

Singhania, who brings decades of experience in the industry, is expected to drive the company’s growth and improve operational efficiency in his new role. Raymond Lifestyle Limited had been listed on the stock exchanges on September 5 after demerging from Raymond Ltd, with Singhania continuing to lead both entities.

HyFun Foods, a prominent player in the frozen food industry, has announced a partnership with Woolworths, Australia’s largest retail chain. This collaboration introduces HyFun’s hash browns to over 1,000 Woolworths stores, marking a significant step in its international expansion. The move highlights the growing demand for premium frozen food in retail markets like India and Australia.  

Under the “Your Spud Co” label, HyFun will offer its popular hash browns and tots to Australian consumers. This initiative builds on the brand’s global strategy of meeting the demand for high-quality frozen food options.  

This latest development follows HyFun Foods’ successful collaboration with Walmart USA, which positioned the company as a reliable partner for large-scale global retail operations. With a strong presence in the American market, HyFun Foods is now leveraging its expertise to replicate that success in Australia.  

Kamlesh Karamchandani, Executive Director of HyFun Foods said, “Our partnership with Woolworths is an exciting opportunity to bring HyFun Foods' premium products to Australian households under the Your Spud Co brand. Woolworths’ extensive reach, unwavering commitment to quality, and strong consumer trust make them the ideal partner to introduce our best-selling Hash Browns and Tots to a broader audience. With this collaboration, we aim to cater to the growing demand for high-quality, convenient frozen food options while elevating the frozen food experience. By combining innovation, exceptional taste, and international quality standards, we are confident in delivering products that seamlessly fit into today’s fast-paced lifestyles.”  

Joshua Biggs, Managing Director of Your Spud Co said, “We, at Your Spud Co, have had the privilege of working closely with HyFun to launch and pioneer Indian potatoes and frozen products into the Australian market. Their commitment to high-quality products and consistent innovation has played a key role in the success of this partnership. Thanks to the superior quality of their offerings, Your Spud Co has witnessed continuous growth in our operations and product offerings. The collaboration with HyFun has not only enabled us to meet the growing demand for quality potato products in Australia but has also solidified our reputation in the industry. We look forward to continuing this fruitful partnership and achieving even greater success together.” 

Australia’s frozen food market continues to grow, driven by increasing per capita consumption and demand for convenient food solutions. By leveraging Woolworths’ extensive retail network, HyFun Foods is positioned to meet this demand effectively.  

This partnership not only strengthens HyFun Foods’ presence in the Australian retail market but also reinforces its standing as a global leader in the frozen food sector, paving the way for further expansion and success.

In India’s growing retail and spirits market, OreGin has carved a niche as the nation’s only gin made from the native kinnow fruit. Produced using kinnows from Punjab’s orchards, OreGin stands out for its natural composition and sustainable sourcing, offering a distinct flavor profile that blends citrus notes with juniper and fresh coriander. Free from artificial additives, the gin highlights the potential of India’s agricultural bounty in the premium spirits segment.  

OreGin’s production is the result of a unique collaboration between private expertise and a public sector initiative. Punjab Agro, a Punjab Government Undertaking, partnered with OreGin to utilize surplus and undersized kinnows that traditional retail channels often overlooked. This initiative not only introduced a distinctive gin to the market but also created a new revenue stream for Punjab’s kinnow farmers.  

Ranbir Singh, CEO of Punjab Agri Export Corporation Ltd said, “OreGin has emerged as both a friend and a partner to Punjab’s farming community. By purchasing smaller-sized kinnows, we provide farmers with a reliable buyer while adding value to the supply chain.” PAGREXCO processes kinnows during the peak harvest season in December at its facility, converting them into juice concentrate, which is sent to Rhea Distilleries in Goa for gin production.  

The handcrafted gin is distilled in copper vessels under the expertise of master distiller Regan Henriques, whose family has a long history in India’s spirits industry. Henriques, along with OreGin’s Manpreet Singh, has ensured that each batch reflects meticulous craftsmanship, balancing traditional techniques with modern innovation.  

OreGin is more than a spirit; it embodies transparency and sustainability. Each bottle features a QR code that allows consumers to trace the journey of the kinnow from Punjab’s farms to the distillery in Goa. The brand’s commitment to ethical sourcing and environmental consciousness resonates with evolving consumer preferences in India’s retail and hospitality sectors.  

Currently available in Goa and Haryana, OreGin plans to expand its distribution to other major states across India. This initiative not only enriches the spirits industry but also supports sustainable agriculture, showcasing how the integration of business and community can yield meaningful impact.

Globus Spirits Limited has announced the launch of TERAI India Craft Gin – Litchi and Mulberries, a new addition to its award-winning TERAI India Dry Gin lineup, marking a significant step in India’s growing premium spirits retail sector. This new gin is part of The Bagh Explorations, a series of gins inspired by the fruits cultivated on the Swarup Family farmlands in Jarauda, Uttar Pradesh.

The gin is produced at The India Craft Spirits Co. distillery in Behror, Rajasthan, under TERAI’s Grain-to-Glass philosophy, which integrates heritage, craftsmanship, and innovation. The Litchi and Mulberries expression blends the essence of ripe litchis and mulberries with floral notes of lavender and rose, enriched by the nutty richness of almonds and the herbal freshness of tulsi. The earthy undertones of angelica and orris root contribute to a smooth and lingering finish, highlighting the brand’s commitment to authenticity and bold flavours.

Distilled in a Carl copper pot still using the one-shot London Dry method, TERAI India Craft Gin – Litchi and Mulberries pays homage to India’s diverse botanical heritage. The product’s flavour profile reflects the brand’s dedication to maintaining a balance of sweet fruitiness, herbaceous, and earthy notes, aligned with its classic craftsmanship.

Shekhar Swarup, Joint Managing Director of Globus Spirits Limited said, “TERAI India Craft Gin celebrates the rich cultural and natural heritage of India through a modern lens. With TERAI Litchi and Mulberries, we aim to take our journey of exploration and craftsmanship to new heights. This gin not only pays homage to our family’s distilling and agricultural roots but also embraces the vibrant diversity of India’s landscapes and flavours. It’s a perfect harmony of tradition and innovation that speaks to the spirit of modern India.”

The new gin, available in 750 ml bottles, has been launched in key markets including Uttar Pradesh, Rajasthan, and Goa, with plans to expand into additional major cities. Pricing will vary by state according to local regulations. With its distinct flavour profile, TERAI India Craft Gin – Litchi and Mulberries adds to India’s expanding premium gin sector, aligning with Globus Spirits’ commitment to providing high-quality craft spirits for the discerning consumer.

Hindustan Coca-Cola Beverages (HCCB), one of India’s leading FMCG companies, has inaugurated its Greenfield factory at Banda Thimmapur in Siddipet, Telangana. The state-of-the-art facility was inaugurated by Shri Revanth Reddy, Hon’ble Chief Minister of Telangana, in the presence of key dignitaries, including Shri Duddilla Sridhar Babu, Shri Ponnam Prabhakar, Smt. Konda Surekha, and HCCB’s CEO, Juan Pablo Rodriguez. The factory reinforces HCCB’s growing retail presence in Telangana and its commitment to sustainable development in India.

The facility, spread across 49 acres, involves a planned investment of Rs 2,091 crore ($251 million), of which Rs 1,409 crore ($170 million) has already been utilized. It features seven advanced production lines and will generate direct and indirect employment for 410 people. This marks HCCB's second factory in Telangana, complementing its existing unit in Ameenpur, Sangareddy District. Together, the two facilities represent a combined investment of Rs 3,798 crore ($455.5 million) and provide employment for over 1,000 individuals in the state.

HCCB also operates a strong retail network in Telangana, with close to 1,80,000 retailers, underscoring its significant contribution to the state’s economy and the FMCG sector in India.

The new factory incorporates advanced manufacturing technologies and environmentally conscious practices. From renewable energy initiatives to water reuse systems and eco-friendly cooling technologies, the facility aligns with HCCB’s commitment to sustainable operations. These measures are designed to minimize environmental impact while ensuring efficient production processes.

Shri Revanth Reddy, Hon’ble Chief Minister of Telangana said, “HCCB’s investment in Banda Thimmapur underscores Telangana’s appeal as a hub for global industrial investments. This initiative will bring jobs, uplift communities, and contribute significantly to the region’s development.”

Shri Duddilla Sridhar Babu, Hon’ble Minister of Information Technology, Electronics and Communications remarked, “HCCB’s greenfield factory is a major addition to Telangana’s industrial landscape and exemplifies how industrial growth and sustainability can go hand in hand.”

HCCB’s CEO Juan Pablo Rodriguez expressed, “This state-of-the-art factory combines advanced manufacturing technology with sustainable practices, positioning it as a benchmark in our industry. The proactive efforts of the government have enabled us to overcome challenges and commence operations successfully.”

HCCB has been actively engaged in community development programs across Telangana, benefiting over 1,73,000 individuals. Key initiatives include skill development for youth, financial and digital literacy for women, and the installation of Water ATMs and smartboards in schools. The company’s programs also focus on sustainable agriculture, sanitation, and health.

In partnership with the Telangana Academy for Skill and Knowledge (TASK), HCCB’s ‘Corporate to Campus’ program aims to train 10,000 college students, with 70 percent participation from rural areas. Additionally, an MoU with the Government of Telangana supports long-term initiatives in water and waste management, as well as skill development.

The Banda Thimmapur factory represents a significant step in HCCB’s efforts to integrate business growth with community welfare and environmental sustainability, reinforcing its role as a key contributor to Telangana’s industrial and retail landscape.

BOULT has announced a strategic partnership with Cashify, India's largest re-commerce platform for buying, selling, and repairing pre-owned devices such as smartphones, laptops, and smartwatches. This collaboration aims to expand Boult's retail footprint and make its audio products more accessible through Cashify's network of over 200 retail stores across India.  

The partnership is focused on leveraging Cashify's extensive retail presence to enhance Boult's visibility and connect with a larger customer base. By integrating Boult's product line into Cashify's established retail network, the collaboration aligns with both brands' objectives to offer innovative and high-quality technology solutions to consumers across India.  

Varun Gupta, Co-founder of Boult, stated, “We are thrilled to work with Cashify to bring our products to more customers across India. This collaboration reflects our commitment to expanding our reach and making our innovative audio products accessible to audio enthusiasts everywhere. By leveraging Cashify’s vast retail presence, we are excited to provide customers with more touchpoints to experience and purchase our products.”  

Sibgathulla Zeeshan, Business Head (Retail) at Cashify commented, “We see tremendous potential in this partnership, as Boult’s products align perfectly with our mission to provide customers with high-quality, innovative tech solutions. Together, we look forward to building a strong, positive relationship that benefits both brands while enhancing the overall customer experience.”  

As part of the partnership, Boult’s range of products, including True Wireless Stereo (TWS) earphones, smart wearables, and neckbands, will be available in all 200+ Cashify stores across India. The collaboration will not only increase accessibility for customers but also create more opportunities for hands-on interaction with Boult’s products, potentially including in-store demo units.  

The partnership also ensures that Boult’s products will feature prominently as Cashify expands its retail network. New Cashify stores will continue to include Boult’s offerings, ensuring sustained growth and wider customer reach for the brand.  

By integrating Boult's audio solutions into its retail operations, Cashify aims to enhance its value proposition to customers. For Boult, the collaboration represents an opportunity to strengthen its position in India’s competitive retail market while maintaining a focus on affordability and innovation.  

This collaboration highlights the growing synergy between technology brands and retail platforms, emphasizing the importance of accessibility and customer engagement in the Indian market.

Menswear brand The Bear House is poised to strengthen its offline footprint with the opening of six new stores across major Indian cities by the end of 2025. The company made this announcement signaling its intent to bridge the gap between online convenience and in-store shopping experiences.

“Our goal is to enhance our omni-channel presence by combining online convenience with in-store experiences that help us connect more deeply with our customers. The strong response from Bengaluru, Delhi, and Hyderabad through online orders shows these regions align well with our brand ethos,” shared Tanvi Somaiya and Harsh Somaiya, Co-founders, The Bear House. 

The new outlets, each spanning approximately 2,000 sq. ft., will be located in Bengaluru (2), Hyderabad (2), New Delhi (1), and Mumbai (1). These stores aim to deliver a premium retail experience while showcasing The Bear House’s curated menswear collections, reinforcing the brand’s focus on quality and style.

This expansion comes as a response to the rising demand for The Bear House’s offerings in these metropolitan regions, where online sales have shown significant traction. By establishing physical stores, the brand seeks to offer customers an immersive shopping experience that complements its digital platform.

Currently, The Bear House connects with customers through its e-commerce website, a Direct-to-Consumer (D2C) store at Broadway in Ambience Mall, Vasant Kunj, New Delhi, and partnerships with popular online platforms like Myntra and Ajio. The brand has built a loyal customer base by consistently delivering high-quality menswear tailored to modern lifestyles.

With this strategic expansion, The Bear House aims to deepen its engagement with its target audience while solidifying its presence in India’s competitive menswear market. This move reflects the brand’s commitment to meeting the evolving needs of its customers by blending online convenience with in-store personalization.

Boult, a leading audio brand, has entered into a strategic partnership with the e-commerce platform Cashify to make its products more accessible to consumers across India. This collaboration will leverage Cashify’s robust retail network, which includes over 200 stores nationwide.

“We are thrilled to work with Cashify to make our products accessible to more customers. This partnership underscores our commitment to providing audio enthusiasts across India with top-notch products. With Cashify’s extensive retail network, we’re excited to offer more touchpoints for customers to experience our brand,” commented Varun Gupta, Co-founder, Boult.

The alliance aims to bolster Boult’s retail presence, ensuring a wider reach for its diverse range of products, including True Wireless Stereo (TWS) earphones, neckbands, and smart wearables. By tapping into Cashify’s established infrastructure, Boult is set to provide customers with a more seamless and engaging shopping experience.

“Boult’s high-quality and innovative products align perfectly with our mission of delivering exceptional tech solutions. We’re confident this partnership will create value for both brands while enhancing the shopping experience for our customers,” said Sibgathulla Zeeshan, Business Head (Retail), Cashify.

Founded in 2017, Boult has established itself as a prominent player in the hearables and wearables market, offering premium audio and tech products. Meanwhile, Cashify, founded in 2013, has grown into a trusted platform for buying, selling, and repairing used electronic devices, boasting a user base of over 10 million monthly active users. The platform also serves as an official trade-in partner for leading global tech brands.

This partnership marks a significant step for both companies, combining Boult’s innovative product offerings with Cashify’s extensive retail capabilities to provide enhanced value and convenience for customers nationwide.

As both companies continue to innovate and expand, this collaboration serves as a testament to their shared commitment to enhancing consumer experiences while addressing the growing demand for high-quality technology products.

Ghodawat Consumer Ltd. (GCL), the Rs 1,600 crore FMCG division of the Sanjay Ghodawat Group, has announced the appointment of Shanta Vallury Gandhi as an Independent Director on its Board. This strategic addition underscores the company’s commitment to strengthening its leadership team as it continues to scale new heights in the FMCG sector.

“We are delighted to welcome Gandhi as our new Independent Director on board. I am confident that her rich experience and strategic insights will prove to be an invaluable asset to GCL and will help us in building a strong, inclusive workplace culture,” shared Salloni Ghodawat, COO and Director of GCL.

Gandhi brings over 30 years of diverse experience in leadership roles across prominent organizations, including RBL Bank, American Express, and ICICI Bank. Her expertise spans business strategy and human resources, making her a well-rounded leader who can provide critical insights to drive GCL’s growth and enhance its workplace dynamics.

“It is a privilege to join a company like GCL, known for its innovation, quality, and customer-centric approach. I look forward to working closely with the board and management team to contribute to the company’s continued growth and success while making a positive impact on society,” said Shanta Vallury Gandhi.

Founded in 2003 in Maharashtra, GCL began its journey with the production of edible oils. Over the past two decades, it has evolved into a major player in the Indian FMCG market, offering an extensive range of products across staples, impulse categories, and healthy snacks. The company has gained recognition for its focus on quality and innovation, as well as its ability to cater to the evolving preferences of Indian consumers.

Under the broader umbrella of the Sanjay Ghodawat Group, GCL has consistently pursued excellence and sustainable growth. The addition of Gandhi to the Board of Directors aligns with the company’s mission to leverage strategic leadership to enhance its operational effectiveness and societal impact.

KAI Group has announced the appointment of Keijiro Takasago as the Managing Director of KAI Manufacturing India Pvt Ltd. This strategic move is aimed at strengthening KAI’s retail presence and operations in the growing Indian market. With over 30 years of experience in corporate banking and international business across Japan, Thailand, India, and Vietnam, Takasago brings expertise in strategic planning, cross-border operations, and customer-centric management.  

Takasago has a strong background in leadership, with a focus on business strategy, operational efficiency, and managing diverse cultural environments. His extensive exposure to the Indian market equips him to lead KAI India in enhancing its position in the competitive retail sector while catering to the evolving demands of Indian consumers.  

Takasago stated, "I am deeply honoured to take on the role of Managing Director at KAI Manufacturing India Pvt Ltd. India is a vibrant and rapidly evolving market, with tremendous opportunities for growth and innovation. My vision for KAI India is to continue expanding our offerings while staying true to our heritage of delivering high-quality Japanese craftsmanship. I look forward to collaborating with the team to create solutions that align with the needs and aspirations of our Indian consumers, driving the brand to new heights."  

Founded in Seki in 1908, KAI Group is globally recognized for its high-quality grooming and beauty care products. With a legacy spanning over 116 years, the Japan-based company has established a 30,000 sq. meter manufacturing facility in Neemrana, Rajasthan, bringing Japanese blade-forging traditions directly to India.  

KAI India offers a range of kitchenware and precision beauty care products, aiming to integrate Japanese craftsmanship and advanced technology into Indian households. The company is committed to delivering innovative, research-backed products tailored to the needs of Indian consumers, contributing to the growth of the retail industry in India.

Tilaknagar Industries Ltd. (TI), a leading brandy manufacturer in India, has launched the Monarch Legacy Edition, marking its debut in the luxury brandy segment. Known for its popular offerings, including Mansion House Brandy, the world's second-largest-selling brandy, TI aims to strengthen its position in India’s retail spirits market with this premium product. Monarch blends French and Indian grape spirits, celebrating a confluence of cultural and distilling expertise.  

"Brandy is India's second most-consumed spirit category, yet it remains under-recognised in the luxury segment. As leaders in brandy with decades of experience and many successful brands under our cap, we wanted to redefine this perception. The launch of Monarch marks a bold step towards elevating Indian brandy to a global benchmark, echoing the remarkable success of Indian whiskies and gins on the world stage," said Amit Dahanukar, Chairman and MD of Tilaknagar Industries Ltd.  

The Monarch blend combines French grape spirits, aged up to eight years in French oak casks, with Indian grape spirits sourced from the Sahyadri region of Maharashtra. Both are distilled using coal-fired copper pot stills, a hallmark of French Cognac craftsmanship. The warm climate in Maharashtra enhances the maturation process, lending the Indian spirits rich, nuanced flavors that complement the layered dried fruit and spice notes of the French spirits.  

Monarch’s design takes inspiration from royalty, featuring a rounded decanter with radiating ridges that refract light, mirroring the amber tones of the brandy inside. The packaging is completed with a golden shield-shaped label and an intricately designed box depicting ancient emperors, underscoring the brand’s premium positioning.  

Ahmed Rahimtoola, Chief Marketing Officer at Tilaknagar Industries Ltd said, "Monarch embodies a sense of royalty and sophistication, which we wanted to bring to life with this luxurious brandy. As Indian consumers increasingly seek refined drinking experiences, we anticipate brandy's rising popularity - both as a neat pour and within the evolving cocktail culture. Monarch is crafted to embrace this shift, aiming to redefine brandy's image and expand its appeal across India and globally."  

According to Euromonitor International, brandy accounts for over 20 percent of the Indian alcoholic beverage market, making it the second most-consumed spirit in the country. Tilaknagar Industries, which has been the fastest-growing IMFL company for two consecutive years, views this launch as a strategic move towards premiumisation in the spirits market.  

Monarch Legacy Edition represents TI's commitment to reshaping India’s spirits landscape while leveraging its 90-year legacy in brandy production. The company’s portfolio, spanning brandy, whisky, rum, and gin, continues to evolve in response to consumer preferences and market trends.

Lava International Limited, a leading Indian smartphone manufacturer, has announced the launch of its newest model in the Yuva series, the Yuva 4. Targeting first-time smartphone users in India’s retail market, the device combines robust performance, modern design, and affordability. Priced at Rs 6,999, the Yuva 4 will be available in two variants—4+64GB and 4+128GB—starting November 2024 at Lava's retail outlets. This retail-focused strategy aims to enhance consumer engagement and ensure a positive post-sales experience.  

Sumit Singh, Head of Product at Lava International Ltd stated, "The Yuva series has emerged as one of our most dynamic and sought-after smartphone ranges, designed to elevate the entry-level smartphone experience for our consumers. The latest addition, Yuva 4, embodies our commitment to delivering a seamless user journey, featuring new age design concepts and better value. Aligned with our product strategy, we are hopeful that Yuva 4 will bring unparalleled joy and functionality to our entry-segment consumers, redefining what they can expect from a budget smartphone."  

The Yuva 4 features a 16.55 cm (6.56") HD+ Punch Hole Display with a 90Hz refresh rate, ensuring smooth visuals and vibrant colors. Powered by the UNISOC T606 chipset, the device delivers reliable performance for everyday tasks. With a 5000mAh battery, users can expect extended usage without frequent recharges. Available RAM options include 4GB+4GB* and storage variants of 64GB and 128GB, providing ample space for apps and media. Running on Android 14, the smartphone offers a user-friendly interface and up-to-date software.  

The device boasts a 50MP rear camera and an 8MP front camera for capturing sharp photos and selfies. Its sleek glossy back design and side-mounted fingerprint sensor enhance both style and security. The Yuva 4 comes in three colors: Glossy White, Glossy Purple, and Glossy Black, catering to diverse aesthetic preferences.  

With a 1-year warranty and free home service, Lava ensures customers receive reliable support after their purchase. This launch reinforces Lava's commitment to strengthening its retail presence and catering to India’s growing demand for budget-friendly, feature-rich smartphones.  

The Allana Group, a global player in agri-commodities with over 150 years of legacy, has announced the establishment of the Indian Poultry Alliance during Poultry India 2024. This strategic move signifies the Group’s expansion into the retail and poultry sector in India, with a focus on integrated operations and advanced processing technologies to enhance poultry production and consumption.  

The Indian Poultry Alliance encompasses a comprehensive range of operations, including breeder farms, hatcheries, feed plants, broiler contract farming, value-added products, and rendering plants. With facilities in regions such as Kashmir, Punjab, Aligarh, Unnao, Kishanganj, Aurangabad, Belgaum, Zaheerabad, and Coimbatore, the Alliance aims to cater to the diverse needs of QSR chains, food services, government agencies, and e-commerce platforms.  

Partnerships with key industry players like Premium Chick Feed, Kwality Animal Feeds Pvt Ltd, Kasturi Poultry, and Chatha Foods strengthen the Alliance. These collaborations are designed to ensure high-quality inputs, efficient processing, and innovative value-added products. Supporting sustainability goals, the Alliance incorporates rendering plants to utilize by-products effectively, aligning with the Group’s operations at Asia’s largest pet food facility at the Zaheerabad campus.  

Moiz Chunawala, Director of Strategic Business Development at Allana Group said, “By leveraging our extensive and legacy experience in the food business along with world-class infrastructure, we aim to create a superior and sustainable poultry market in India. To achieve this, we will invest in state-of-the-art facilities, adopt advanced technologies, and prioritize sustainable practices throughout our operations. Additionally, our network of 4,000 retail stores will ensure that consumers have easy access to fresh, high-quality poultry products. By integrating advanced technologies, such as automated feed systems and precision breeding, we aim to significantly improve efficiency and sustainability in the poultry industry. Additionally, our focus on sustainable practices, including responsible waste management and ethical sourcing, will set new industry standards. Ultimately, our goal is to deliver exceptional value to our partners and consumers alike, ensuring a reliable supply of high-quality, affordable poultry products.”  

Chitranjan Ramesh Behl, Director of Poultry, Expert Poultry Value Chain remarked, “The establishment of the Indian Poultry Alliance is a significant milestone for India’s poultry sector. It promises to enhance production efficiency and product quality, benefiting both producers and consumers. The launch of the Indian Poultry Alliance represents a bold step in the Allana Group’s journey of innovation and quality, promising to transform India’s poultry industry with its integrated, sustainable, and consumer-focused approach.”  

With the launch of the Indian Poultry Alliance, the Allana Group aims to redefine the poultry and retail landscape in India, focusing on innovation, sustainability, and consumer accessibility.

Soulflower, India’s first farm-to-face brand, has emerged as a frontrunner in the premium hair oil market, according to Blinkit's October 2024 report. The brand holds an impressive 33 percent revenue share in the segment, surpassing Hamdard (20 percent) and Mamaearth (16 percent). With the premium hair oil category contributing 16 percent to Blinkit's overall revenue, Soulflower's dominance underscores its growing popularity.

The brand has established a significant foothold in the small-pack (up to 250 ml) segment, competing successfully with global players. Additionally, Soulflower ranks second in organic visibility on Blinkit, trailing only Parachute, which highlights its strong brand recognition and customer trust.

“Soulflower has always been at the forefront of innovation and our partnership with Blinkit is a testament to that. As one of the first beauty brands to embrace e-commerce, we’ve become India's New Tel (oil) for Gen-Z and Gen-Alpha. Thanks to Blinkit, we are able to reach a large segment of our customers in just ten minutes. It brought us closer to our consumers and, enabled us to solve their hair and skin problems at the soonest possible. It's incredibly gratifying to see our premium hair oils leading the segment on Blinkit, outperforming both established and emerging brands,” shared Natasha Tuli, Co-Founder & CEO, Soulflower.

The report also highlighted regional demand, with Delhi NCR driving the majority of category revenue, followed by Mumbai, Bengaluru, and Chennai. Soulflower's reach and visibility on Blinkit have solidified its position as a trusted choice for premium hair oil consumers.

Natasha Tuli further added, “We're thrilled to see Soulflower emerge as a leader in the premium hair oil segment. Our commitment to using farm-fresh ingredients like rosemary, amla, onion, jasmine, tea tree, olive, and castor has resonated with consumers. It's a testament to our dedication to providing natural, effective solutions. As a co-founder, it's incredibly rewarding to see our vision of natural beauty come to life. Soulflower has solidified its position as India's leading brand for hair and skincare. We're proud to be the world's largest seller of Rosemary Essential Oil and a pioneer in the organic Farm-to-Face landscape. With over 15 million products sold and a global presence spanning India, KSA, UAE, USA, Japan, Singapore, Australia, and the UK, we've earned the trust of millions of customers. Our growth is driven by our core values of happiness, love, gratitude, and compassion.”

Since its establishment in 2001, Soulflower has been a pioneer in India’s beauty and wellness revolution. The brand has embraced the shift to quick-commerce platforms like Blinkit, adapting to changing retail landscapes while championing natural and organic beauty solutions.

Soulflower continues to lead the way in redefining premium hair care with innovation, sustainability, and a consumer-centric approach.

Godrej Enterprises Group (GEG), a diversified engineering and design-led conglomerate, has launched a refreshed brand identity aimed at unlocking new worlds for its customers and stakeholders. The updated visual identity honors GEG’s rich legacy while reflecting its commitment to contributing to the vision of Viksit Bharat by 2047 through design-led innovation, enhancing consumer experiences, and promoting sustainable choices.

Jamshyd Godrej, Chairman and Managing Director of Godrej Enterprises Group, stated, “The key to our sustained growth has been our ability to always remain relevant to India’s development needs and the brand refresh reflects our quest to continually reinvent ourselves. Our aspiration is to unlock greater value for customers by delivering solutions and experiences that positively impact lives. And while our core remains rooted in high quality and complex engineering, our brand must remain dynamic and meet the aspirations of our customers.”

The refreshed identity creates a cohesive and unique presence for all businesses under the Godrej Enterprises Group umbrella. The new design introduces a bold purple color while retaining the cursive logo, inspired by the signature of founder Pirojsha Godrej, symbolizing the brand’s dedication to quality and trust. The purple color represents dynamism, confidence, and GEG’s ambition to lead with sustainable innovation and engineering excellence. Simplifying the palette from three colors to one ensures greater consistency and synergy across its operations.

Nyrika Holkar, Executive Director of Godrej Enterprises Group, emphasized, “The new brand identity is more than just a change of color, it embodies dynamism and blends authenticity with our ambition to redefine consumer experiences by leveraging design-led innovation and service differentiation.”

The campaign, featuring a brand film, pays tribute to GEG’s first product—the iconic springless lock—celebrating curiosity, problem-solving, and resilience, qualities exemplified by children. This rebranding aligns with GEG’s 127-year history of reinventing itself to stay relevant in a changing world. The campaign was created by Lowe Lintas and directed by Katie Bell.

L’Oréal India reported a slight decrease in profit for FY24, with a net income of Rs 487.46 crore, down from Rs 488.35 crore in the previous fiscal year. However, the company saw a solid 12.6 percent increase in revenue from operations, which reached Rs 5,576.47 crore, according to a filing with the Registrar of Companies (RoC).

The company’s total income, including other income, rose by 13.83 percent to Rs 5,684.60 crore for the financial year ending March 31, 2024. In FY23, its total income was Rs 5,000.68 crore, with revenue from operations standing at Rs 4,952.55 crore.

In terms of expenses, L'Oréal India's "advertising and promotional expenses" grew by 23.7 percent to Rs 1,714.54 crore in FY24, up from Rs 1,385.74 crore in the previous year. Additionally, the royalty paid to its French parent company increased by 16.3 percent to Rs 265.16 crore from Rs 228.05 crore in FY23.

L'Oréal India, a subsidiary of the French multinational L'Oréal SA, which holds a 99.99 percent stake, recorded total expenses of Rs 5,022.87 crore, marking a 16.56 percent increase from the previous fiscal year.

Revenue from product sales climbed 14 percent to Rs 5,368.52 crore, compared to Rs 4,711.96 crore in FY23. Revenue from services such as contract research and innovation was Rs 203.32 crore.

Operating in India since 1994, L’Oréal India now boasts a portfolio of 13 brands, including L’Oréal Paris, Garnier, Maybelline New York, and NYX Professional Makeup, available across mass-market channels. It also has a presence in hair and beauty salons, selective distribution, and pharmacy channels through brands like L’Oréal Professionnel, Kérastase, Lancôme, and CeraVe.

Meena Bazaar, a renowned Delhi-based ethnic wear retailer, has announced a strategic partnership with AI-powered retail intelligence platform Sociometrik and real estate firm Agprop to integrate artificial intelligence into its operations. This collaboration aims to leverage cutting-edge technology to enhance Meena Bazaar's retail expansion and operational efficiency, as revealed in a press release on Thursday.

Through this partnership, Meena Bazaar plans to utilize AI-driven solutions for data-backed site selection, which will incorporate city-wide heatmaps offering valuable insights into socioeconomic and demographic trends. The AI integration will help the brand identify optimal retail clusters, predict revenue potential using machine learning models, and align the store's specific requirements with available property listings.

Shivek Aggarwal, Founder of Agprop stated, “This collaboration is all about AI-driven retail expansion, combining decades of legacy with cutting-edge technology and data science to scale like never before. From smarter store locations to enhanced customer insights, this partnership is the blueprint for the next era of retail growth.”

Founded in 1970 by Suresh and Vishnu Manglani, Meena Bazaar started as a small store in Chandni Chowk, focusing on printed sarees. Over the years, it has grown to become one of India's leading ethnic wear retailers, offering a range of traditional clothing such as lehengas, kurta sets, sarees, and suits. The brand now operates more than 70 outlets across India and the United States.

As part of its future growth plans, Meena Bazaar aims to expand its footprint significantly. According to its official website, the company is targeting over 250 exclusive brand outlets (EBOs) by 2025, further cementing its position as a leading player in the ethnic wear market.

With the integration of AI, Meena Bazaar is poised to enhance its retail strategy, making smarter decisions that will help fuel its rapid expansion and bring a more personalized shopping experience to its customers.

Japanese fashion retailer UNIQLO has officially launched its 15th store in India at Pacific Mall, Tagore Garden, New Delhi. The announcement highlights the brand’s ongoing expansion in India, particularly in the Delhi NCR region. This opening is part of UNIQLO’s strategic growth plan to make its signature LifeWear collection more accessible to Indian consumers.

The launch coincides with UNIQLO’s Arigato Festival, a special festive event running from 29 November to 5 December, featuring exclusive prices, gifts, and engaging activities. Customers visiting the store during this period can participate in interactive in-store activities, enter lucky draws to win guaranteed prizes and receive complimentary tumblers with purchases exceeding Rs 10,000. These initiatives aim to enhance customer engagement and celebrate the brand's growing presence in India.

“We are delighted to bring our LifeWear to more people through the opening of UNIQLO Pacific Mall Tagore Garden, our ninth store in Delhi NCR, continuing our commitment to offering innovative, high-quality apparel that enhances the everyday lives of our customers,” said Kenji Inoue, CFO & COO, UNIQLO India. 

UNIQLO, a flagship brand of Fast Retailing Co., Ltd., is known globally for its high-quality, functional, and minimalist clothing. Headquartered in Tokyo, Japan, Fast Retailing operates several other brands, including GU, Theory, PLST, Comptoir des Cotonniers, Princesse tam.tam, J Brand, and Helmut Lang. UNIQLO remains the largest and most prominent brand in the group, recognized for its LifeWear philosophy, which prioritizes functionality, sustainability, and comfort.

The brand entered the Indian market in September 2019 with the opening of its first store at Ambience Mall, Vasant Kunj, New Delhi. Over the years, it has rapidly expanded its footprint, operating stores in cities such as Mumbai, Chandigarh, Faridabad, Lucknow, Dwarka, and Zirakpur. With the addition of the Pacific Mall Tagore Garden outlet, UNIQLO now operates nine stores in the Delhi NCR region alone, demonstrating its strong focus on this key market.

The launch of this new store and the Arigato Festival underscores UNIQLO’s commitment to engaging with Indian customers by offering innovative, high-quality apparel and creating immersive shopping experiences. As the brand continues to grow its presence in the country, it remains focused on strengthening its connection with Indian consumers through its globally celebrated LifeWear collection.

Honasa Consumer Limited, the parent company of prominent beauty and personal care brands in India such as Mamaearth, The Derma Co., Aqualogica, Bblunt, Dr. Sheth's, and Staze Beauty, has announced the elevation of Vipul Maheshwari to Senior Vice President - Product and Data Analytics. This appointment reflects Honasa’s commitment to leveraging data-driven strategies to drive innovation and growth in the retail and personal care sectors in India.  

Vipul, who has been with Honasa for four years, brings extensive expertise in analytics and data science, managing the complete data lifecycle from collection to analysis. His efforts have been instrumental in implementing data-driven frameworks that monitor business performance and address challenges proactively. In his new role, Vipul will focus on integrating advanced analytics into product development, aiming to enhance the brand portfolio’s offerings.  

Varun Alagh, Co-Founder and CEO of Honasa Consumer Limited said, “Data-driven decision-making has always been at the core of our growth, shaping how we understand and serve our customers. Vipul’s expertise in turning complex data into actionable insights has been instrumental in our growth journey. He has been working with a leadership mindset for years, and this role is a natural next step for him.”  

Vipul Maheshwari stated, “The beauty and personal care industry is at an exciting intersection of product advancement and technological innovation. I'm honored to lead Honasa's efforts in leveraging advanced analytics and product development to create more personalized, efficient, and delightful experiences for our consumers.”  

An IIT Delhi alumnus with a master’s degree in mathematics and computer science, Vipul has held leadership roles at Delhivery and Global Analytics India Pvt Ltd, where he spearheaded data-driven business solutions. His extensive experience in utilizing data infrastructure positions him well to lead Honasa’s analytics and product development efforts.  

In addition to this leadership development, Honasa Consumer recently appointed Dr. Kaustav Guha as Vice President of Research and Development to enhance product formulations across its brands. The company has also expanded its offerings with a winter skincare range launched under Mamaearth, Aqualogica, Dr. Sheth’s, and The Derma Co., further solidifying its position in India's retail and beauty markets.

Zepto has entered into a strategic partnership with Park+, a leading provider of car care products, to offer a carefully selected range of 15 premium car care items at more than 8 locations across India. This collaboration aims to provide car owners with high-quality products such as cleaning kits, comfort accessories, and essential maintenance tools, making it easier than ever for customers to take care of their vehicles from the comfort of their homes.

The Park+ car care product range, now available on Zepto, offers a variety of solutions for vehicle maintenance, combining convenience with quality. Customers can expect to find products that cater to their everyday car care needs, all delivered right to their doorsteps, offering a seamless and efficient shopping experience.

Amit Lakhotia, Founder and CEO, Park+ said, “At Park+, our mission is to simplify the car ownership experience by offering innovative and user-friendly solutions. Partnering with Zepto is a major step forward, enabling us to bring a curated selection of 15 premium car care products to a wider audience. Car owners no longer need to visit multiple stores or struggle to find high-quality car care products. They can now access everything they need for vehicle maintenance in one place, delivered right to their doorstep. We aim to expand our car care product offerings on Zepto to around 150+ Products in the next 3 months.”

Chandan Mendiratta, Chief Brand Officer, Zepto shared, “We are thrilled to collaborate with Park+ to bring high-quality car care products directly to users' doorsteps. Speed and convenience are at the core of Zepto, and this partnership allows us to expand our product offerings to include essential car care items. We thank our sellers for enabling this. With Park+ products available through the platform, users can now enjoy easy access to these items with the speed and reliability Zepto is known for, enhancing their overall shopping experience.”

This partnership is set to transform the way car owners shop for their vehicle maintenance needs, making it easier for them to find and purchase quality car care products from trusted brands. With plans to significantly expand the range of Park+ products available on Zepto, this collaboration is poised to provide even more value to customers, ensuring that car owners have everything they need to maintain their vehicles, all in one place.

India’s first multinational socks brand, Bonjour, has set an ambitious revenue target of Rs. 175 crore for the fiscal year 2025, up from the Rs. 143 crore it achieved in FY24. This target reflects the brand’s steady growth trajectory and its aspirations to strengthen its foothold in the socks industry.

Bonjour currently commands a 22 percent share of the mid-premium segment in India’s socks market, a significant position in a competitive space. The company now aims to increase this market share to approximately 30 percent within the next two years. This goal aligns with its strategy to further solidify its leadership in the segment by enhancing production, expanding reach, and maintaining high-quality standards.

“Our journey began with significant financial hurdles, but we soon learnt that adaptability is key; challenges are merely opportunities in disguise. At Bonjour we embrace vision, leverage our strengths, take calculated risks, and remain dedicated to our long-term goals,” said Rajkumar Jain, MD, Bonjour.

The brand’s foundation has been built on a bootstrapped model, remaining self-funded since its inception. Despite its strong growth, Bonjour has no immediate plans to seek private equity investments. However, the company is open to exploring the possibility of a public offering in the future as it continues to expand its operations and market presence.

To meet increasing demand, Bonjour has outlined plans to double its production capacity over the next two to three years. This expansion will allow the company to cater to its growing customer base while adhering to its core principles of quality, innovation, and sustainability. Currently, Bonjour produces 95 percent of its raw materials in-house, showcasing its commitment to sustainable manufacturing practices and reducing its dependency on external suppliers.

The brand boasts a robust retail presence, with over 17,000 retail touchpoints across India and an international footprint in the USA, Gulf countries, and Europe. Bonjour’s growth story is marked by significant milestones, starting with its establishment in 1988 when it began manufacturing socks in a rented factory in Delhi. By 2008, the company had opened its first exclusive brand outlet (EBO), a move that helped cement its position as a leading name in the socks industry.

Today, Bonjour operates 16 EBOs located across Delhi-NCR, Dehradun, and Ambala, supported by a strong distribution network of over 180 distributors across the country. This extensive reach allows Bonjour to cater to diverse markets while staying true to its vision of delivering quality and value to its customers.

With its plans to scale production, increase market share, and explore new growth avenues, Bonjour is well-positioned to continue its upward journey in both domestic and international markets, reaffirming its status as a pioneer in India’s socks industry.

Amazon India is set to host its first-ever Black Friday event, bringing the globally renowned shopping extravaganza to Indian customers for the very first time. The event will take place from November 29 to December 2, offering customers an array of deals and discounts across multiple categories.

The Black Friday sale will feature attractive offers on a wide range of products from popular global and Indian brands such as Apple, Samsung, Sony, Nike, Calvin Klein, Adidas, Tommy Hilfiger, Panasonic, Jean Paul, Dabur, LG, ALDO, Swarovski, and more. Categories include electronics, appliances, fashion, beauty, home décor, and essentials, ensuring that there is something for everyone.

“The record-breaking success of Amazon Great Indian Festival 2024 showed the huge appetite that Indian customers have for great value. Now, we are raising the bar by bringing Amazon’s popular shopping event globally, Black Friday, to India for the first time ever on Amazon.in, with savings across electronics, beauty, home appliances, and décor from both Indian and international brands,” shared Saurabh Srivastava, Vice-President, Categories, Amazon India. 

As part of the sale, customers can enjoy discounts ranging from 40-75 percent on mobiles, electronics, and accessories. Home essentials will be available at up to 65 percent off, while luggage, handbags, and luxury brands will see discounts of 40-70 percent. The extensive range of deals aims to cater to the diverse needs of shoppers, whether they’re looking for the latest gadgets, stylish fashion, or household items.

To further enhance the shopping experience, Amazon India is offering additional benefits for payment methods. Customers can avail of a 10 percent instant discount when using HDFC, IndusInd, BOB Card, and HSBC bank debit and credit cards, including EMI options. Prime members can enjoy unlimited 5 percent cashback on purchases made with Amazon co-branded credit cards, while non-Prime members will receive 3 percent cashback.

With its first Black Friday sale, Amazon India is aiming to replicate the excitement of its international counterpart while giving Indian shoppers the opportunity to explore unmatched deals, festive shopping, and a seamless online shopping experience.

Turkish Hazelnut, a brand celebrated for its premium quality and rich flavor, has announced an exciting collaboration with Reliance Retail to bring its high-quality hazelnuts to Indian consumers. This strategic partnership will make Turkish hazelnuts available across four major Reliance Retail store formats: FreshPik, Signature Fresh, Signature Plus, and Smart Bazaar. The product will be offered in several states, including Maharashtra, Punjab, Tamil Nadu, Karnataka, Odisha, Gujarat, and Delhi NCR, ensuring that more consumers can access the "miracle nuts" and benefit from their rich nutritional profile.

Mansi Ahuja, India Representative of Turkish Hazelnut said, “We are excited to join hands with Reliance Retail to expand the reach of Turkish hazelnuts across a wider audience in India. These premium, nutrient-rich snacks are not only delicious but also play a significant role in promoting overall well-being. By incorporating Turkish hazelnuts into daily diets, consumers can enjoy a healthier, more balanced lifestyle, benefiting from their rich nutritional profile.”

Turkish hazelnuts are packed with essential nutrients, offering multiple health benefits including support for heart health, cholesterol reduction, and an energy boost. Consuming just 25-30 grams a day provides a daily dose of vitamin E, promoting healthier skin, stronger bones, and overall well-being.

Avinash Tripathi, Vice President, Business Head- Freshpik & Fresh Signature at Reliance Retail shared, "Freshpik partners with Turkish Hazelnut, world-renowned for its premium quality and distinct flavor. This collaboration brings customers an exclusive range of exquisite hazelnut products, expertly curated for an unparalleled gourmet experience, blending Turkish Hazelnut's excellence with Freshpik's retail expertise."

Deepak Mishra, Senior Manager, Category Head Staples- Freshpik & Fresh Signature at Reliance Retail added, “Turkish hazelnuts are renowned worldwide for their rich flavor, buttery texture, and numerous health benefits. By partnering with Turkish Hazelnut, Freshpik aims to introduce customers to the finest quality hazelnuts, roasted to perfection and available in a variety of enticing forms.”

The Turkish Hazelnut Exporters Association represents exporters and processors of hazelnuts in Turkey, the global leader in hazelnut production. Its mission is to advocate for the premium quality of Turkish hazelnuts, highlighting their nutritional value and diverse uses.

Stellaris Venture Partners has secured $300 million for its Fund III, aimed at investing in 25-30 startups over the next 3-4 years. This development reflects confidence in India's startup ecosystem, even after a challenging funding period in the past year. Stellaris will focus on retail sectors such as AI, SaaS, and fintech, leveraging its expertise to nurture early-stage ventures in these areas. 

The fund received commitments from existing limited partners and new global investors, including university endowments, foundations, pension funds, and Fund of Funds (FoFs). Stellaris now manages over $600 million in assets, underscoring its strong presence in India's venture capital landscape.  

“With this new fund, we’re excited to back founders using technology to solve deep problems in large markets. Our team, consisting of former entrepreneurs and business builders, brings deep expertise and global networks in key sectors like consumer tech, AI, SaaS, and financial services to support our portfolio companies throughout their journey,” said Rahul Chowdhri, Partner at Stellaris Venture Partners.  

Alongside the fund announcement, Stellaris revealed new leadership appointments. Naman Lahoty has been promoted to Partner, and Vardhan Dharnidharka, an AI/ML engineering expert, has joined as Investment Principal, relocating from New York to Bangalore.  

Since its inception, Stellaris has backed 44 tech startups across two funds, with 60 percent being inception-stage businesses. The firm typically leads investments in Seed and Series A funding rounds. Its portfolio includes well-known names like Mamaearth, which went public last year, and Whatfix, which recently raised $125 million in a Series E round.  

Stellaris has also invested in EV financing startup Turno, UPI-based credit provider Kiwi, AI SaaS firms Orbitshift and CARPL.ai, credit improvement platform Goodscore, and D2C consumer brand Nestasia.  

The launch of Fund III comes as Indian public markets experience a surge in activity, with startups like Mamaearth, Ola Electric, and Swiggy making their public debuts. This momentum mirrors the private market boom of 2021, when India recorded 45 new unicorns within a year.  

However, not all venture capital firms are expanding. For instance, Peak XV Partners recently reduced the size of its $2.85 billion fund by 16 percent, citing a need for more cautious capital deployment amid shifting market conditions.  

Stellaris' new fund positions it to capitalize on opportunities in India's evolving retail and technology ecosystem, supporting innovative startups poised for growth in a competitive market.

Broadway’s beauty festival, *Shop Till You Glow*, held from November 22 to 24, 2024, attracted over 6,000 attendees in New Delhi, significantly boosting the beauty retail market in India. The event led to a threefold increase in sales within the beauty category and featured 35+ brands alongside 100+ creators, achieving a reach of over 20 million.  

The three-day festival provided a platform for new-age beauty brands such as D’you, Nish Hair, Neude, Typsy, Vinci Botanicals, Charmacy, Juhst, Sereko, Derma Co, and Mama Earth. Visitors explored a combination of brand discovery, interactive activities, and expert-led sessions designed to keep pace with evolving beauty industry trends.  

Interactive highlights included ‘Experience Zones,’ where participants engaged in gamified sampling activities like claw machines with over 3,000 product samples and interactive trials. The ‘Beauty on Air’ section offered face and hair makeovers, facials, and styling services, enabling visitors to try products firsthand. Day 2 of the event featured a masterclass by renowned makeup artist Bhumika Bhal and a session with lifestyle influencer Sakshi Sindwani, who discussed inclusive beauty and self-love. The festival concluded with a surprise appearance by celebrity makeup artist Meenakshi Dutt.  

Broadway engaged with 100+ creators through intimate, on-ground sessions, fostering connections between brands and consumers. Exclusive offers, bundles, and limited-time discounts encouraged on-the-spot purchases, driving significant retail activity during the event.  

"The *Shop Till You Glow* festival at Broadway enabled our large portfolio of D2C brands to connect beautifully with customers. We plan to make this our annual IP, showcasing both established and emerging beauty brands under one roof. This initiative strengthens our beauty credentials, and we aim to create many more immersive experiences for our brands and customers," said Vivek Biyani, Founder of Broadway.  

Broadway’s *Shop Till You Glow* festival highlights the potential of experiential beauty retail in India. With its focus on consumer-centric innovation, the festival sets a benchmark for the beauty industry, transforming shopping into a holistic, interactive experience.

Kia India, a leading name in the premium car segment, has released the first teaser for its upcoming SUV, Syros, marking a significant milestone in its journey of innovation. The Syros, designed to redefine advanced technology, bold design, and versatile space, is set to capture the imagination of Indian automotive enthusiasts.

The 15-second teaser, themed "Evolved by the Future," offers a glimpse into the visionary SUV, introducing it as a game-changer in the segment. The teaser features a compelling narrative where a young girl wishes upon a shooting star, which transforms into something extraordinary—symbolizing the Syros's dramatic and futuristic arrival. This creative storytelling underscores Kia’s commitment to blending innovation with emotion, promising a unique brand experience for its audience.

The Syros is crafted to resonate with a diverse customer base, offering cutting-edge technology, bold aesthetics, and a futuristic spatial design. Aimed at individuals and families alike, the SUV positions itself as a standout option in the competitive Indian market. According to Kia India, the Syros will play a pivotal role in the brand's next phase of growth and further strengthen its foothold in the SUV segment.

Kia India’s journey began in April 2017, with the signing of an MOU with the Government of Andhra Pradesh to establish a manufacturing facility in Anantapur. The plant commenced mass production in August 2019, with an annual capacity of 300,000 units. Under its brand identity “Movement that Inspires,” launched in April 2021, Kia India has been dedicated to offering meaningful customer experiences through innovative products and services.

To date, Kia India has introduced five vehicles in the market—Seltos, Carnival, Sonet, Carens, and EV6—and has achieved nearly 1.3 million vehicle dispatches from its Anantapur plant. This includes over 10.7 lakh domestic sales and 2.5 lakh exports. With more than 4 lakh connected cars on Indian roads, Kia is among the leaders in connected car technology in the country.

With a robust network of 640 touchpoints across 287 cities, Kia India continues to expand its presence nationwide. The Syros represents the brand’s next leap forward in inspiring consumers with innovative mobility solutions. As anticipation builds, Kia is poised to set new benchmarks in the Indian automotive landscape with the launch of Syros.

Textile and garment manufacturer Suditi Industries has announced the acquisition of Gini & Jony, the homegrown kidswear retailer, for an undisclosed amount. Founded in 1980 by Prakash Lakhani, Gini & Jony is a well-known name in the Indian kidswear market and currently operates through 700 sales points, including 59 standalone stores, over 70 large format outlets, and 600 distributors and dealers.

In a board meeting held on November 14, Suditi Industries approved the acquisition of trademarks, domain names, and social media handles associated with Gini & Jony. The company plans to leverage its manufacturing capabilities to expand the brand's presence in the Indian market.

“Suditi’s internal capacity to produce fabrics for over 100,000 garments per day positions us uniquely to scale Gini & Jony. This translates to roughly Rs. 6 crore of sales per day for the brand, highlighting the immense potential of what we can achieve by focusing our expertise and resources,” said Pawan Agarwal, Managing Director, Suditi Industries.

Once a leader in the kidswear market, Gini & Jony faced financial difficulties in the past, including significant debt and overdue payments to lenders. While Reliance Group acquired a minority stake in the company in 2005, and Reliance Capital Ltd later held a 22 percent stake, the brand was forced to file for corporate debt restructuring in 2011 due to slow demand and rising costs.

Suditi Industries, a BSE-listed company, is engaged in textile and garment manufacturing and retails apparel under private labels like YouWeCan, Nush, and IndianInk. The company also offers its products through e-commerce platforms like Myntra and offline channels such as Pantaloons. In FY23, Suditi Industries reported standalone revenues of Rs. 92.43 crore, with a net loss of Rs. 10 crore.

The acquisition comes at a time when the Indian kidswear market is experiencing rapid growth, driven by a burgeoning population of approximately 340 million children under 14 years old and a rising demand for branded children’s clothing. With this acquisition, Suditi Industries aims to adopt an omni-channel approach, combining Exclusive Brand Outlets (EBOs), Large Format Stores (LFS), and e-commerce platforms to expand Gini & Jony's footprint.

“There are only a handful of brands in India that serve the entire nation, and Gini & Jony was not only the first but remains the name with the highest brand recall in the space. With our omni-channel approach and the combined learnings of both teams, we aim to build a powerhouse that serves every Indian family. The legacy of Gini & Jony is irreplaceable, and we are committed to strengthening its position in the market,” said Harsh Agarwal, Chief Marketing Officer, Suditi Industries.

With this strategic acquisition, Suditi Industries looks to revitalize Gini & Jony’s legacy and reclaim its position as a leader in the kidswear market.

Beardo, the male grooming brand owned by Marico, has posted a remarkable turnaround in its financial performance, achieving a 62.4 percent year-on-year growth in the fiscal year ending March 2024, following a slowdown in FY23. The company has not only scaled its operations significantly but also returned to profitability, marking a notable recovery after a challenging year.

According to Beardo's annual financial statements, sourced from the Registrar of Companies (RoC), the company’s revenue from operations surged to Rs 173.2 crore in FY24, up from Rs 106.6 crore in FY23. The growth comes as a result of increasing demand for Beardo’s range of male grooming products, including beard oils, combs, wax, face washes, soaps, and lotions, which are available through its website, marketplaces, and retail stores.

The primary source of Beardo's income has been the sale of these grooming products, and procurement costs, which account for 40 percent of overall expenditure, grew by 83.2 percent from Rs 36.8 crore in FY23 to Rs 67.5 crore in FY24, reflecting the increased scale of operations. Despite this rise in procurement costs, Beardo managed to control other major expenses. Advertising and employee benefit costs remained stable at Rs 43.89 crore and Rs 12.5 crore, respectively, while other overheads, including transportation, legal, and freight expenses, contributed to an overall expenditure increase of 46.1 percent, from Rs 115.3 crore in FY23 to Rs 168.4 crore in FY24.

The company's strategic focus on managing costs and optimizing spending, particularly in areas like advertising and employee benefits, contributed significantly to its return to profitability. Beardo reported a profit of Rs 3.63 crore in FY24, a sharp contrast to the loss of Rs 6.1 crore in FY23. The company’s Return on Capital Employed (ROCE) stood at 75.58 percent, with an EBITDA margin of 4.21 percent. On a unit level, Beardo spent Rs 0.97 to earn a rupee during FY24.

Beardo’s recovery comes as no surprise, following the typical trajectory of many companies acquired by larger firms. After a period of consolidation and losses, Beardo leveraged the strength of its parent company, Marico, particularly in distribution, marketing, and sourcing, to fuel its growth. The company has also expanded its product offerings, including a new women’s line, albeit with a focus on high-margin perfumes. However, Beardo has maintained its stronghold in its core category of beard grooming and men’s personal care.

The acquisition by Marico has positioned Beardo to continue growing while remaining true to its core offerings. With a strong foundation for future expansion, Beardo is well-positioned to ride out the ongoing consolidation in the direct-to-consumer (D2C) and personal care sectors. The brand’s future growth potential remains high, and experts believe that it is just one successful campaign or viral trend away from significantly scaling its operations, possibly even doubling revenues by FY27 if it continues leveraging the learnings and experiences of the past few years.

Baby & Mom Retail, a House of Brands and a leading player in the baby care, skin care, pet care, and bedding solutions sectors in India, has outlined ambitious growth milestones and strategic expansion plans. The company, which recorded impressive revenue growth from 23 crore in 2023 to 44 crore in 2024, is now aiming for a revenue target of 100 crore by 2025. Additionally, Baby & Mom Retail is preparing for a public listing with an IPO projected to be valued at 280 crore by 2026.

The company’s remarkable growth is attributed to a series of successful initiatives and strategic expansions, particularly in its diverse product offerings and strong digital presence. Over the past two years, Baby & Mom Retail has expanded its brand portfolio, focusing on high-demand, customer-oriented products. These include brands like OYOBABY, Newish, REDCOP, GADDA CO, Mattress Protector, and Amorite, which address a variety of family needs ranging from safe baby skincare to premium pet care and natural hair solutions. The combination of product diversification, adherence to high-quality standards, and a focus on safety has resonated well with consumers, helping to build a loyal customer base and drive significant revenue growth.

Shish Kharesiya, Founder and CEO of House of Brands - Baby & Mom Retail said, “At Baby & Mom Retail, our journey has been driven by a deep commitment to quality, care, and innovation. Every product we create, every milestone we reach, and every family we serve brings us closer to our vision of becoming a trusted part of every home. We’re proud of our growth and achievements, but we’re even more excited about what lies ahead. Our goal is not only to meet the needs of today’s families but to anticipate and exceed them as we shape the future of family care. Together, we’re building a legacy of trust, compassion, and excellence that will stand the test of time.”

As the company moves toward its IPO, Baby & Mom Retail is preparing to meet investor expectations by strengthening its financial and operational foundations. The planned IPO, with a targeted valuation of 280 crore, will provide additional capital to support scaling initiatives, solidifying the company’s position as a leader in the baby care and lifestyle sector. The public offering is expected to amplify Baby & Mom Retail’s mission of delivering high-quality, trusted products that prioritize family well-being.

Digital marketing and e-commerce partnerships have been key to the company’s success. By leveraging a robust online presence through major platforms like Amazon and Flipkart, Baby & Mom Retail has been able to engage with a wide customer base, enhancing visibility and driving sales. The company has also implemented targeted digital marketing campaigns, including influencer collaborations, seasonal promotions like Diwali bundles, and social media advertisements, which have contributed to customer engagement and sales conversions. Innovations such as breathable, machine-washable mattress protectors from GADDA CO and alcohol-free skincare products from Newish have helped Baby & Mom Retail stand out in the competitive market by offering customer-centric, high-quality solutions.

Looking to the future, Baby & Mom Retail has outlined a comprehensive growth strategy to reach its revenue targets for 2025 and beyond. The company plans to expand its core brands and introduce new products under OYOBABY, Newish, Amorite, and GADDA CO, ensuring it meets the evolving needs of families and environmentally conscious consumers. Additionally, Baby & Mom Retail aims to grow its presence in Tier II and Tier III cities across India while strategically targeting international markets in Asia, Europe, and North America. By localizing product offerings for these regions, the company intends to penetrate new markets and strengthen its global footprint.

Digital and retail expansion will continue to be central to Baby & Mom Retail’s strategy, with plans to further integrate with leading e-commerce platforms such as Walmart and Alibaba to drive global reach. The company is also investing in customer loyalty programs, supply chain optimization, and R&D to ensure efficient operations and maintain a high standard of innovation. New loyalty programs and subscription models are expected to improve customer retention, fostering long-term relationships and stable revenue streams. Additionally, ongoing R&D efforts will focus on product innovations, particularly hypoallergenic and eco-friendly solutions, aligning with the growing demand for sustainable products.

Baby & Mom Retail’s strategic expansion, commitment to product excellence, and focus on digital growth position the company for continued success as it aims to revolutionize the family care market in India and internationally.

LT Foods Ltd., a global FMCG company in the consumer food segment, has entered Saudi Arabia’s retail market with the opening of a new office in Riyadh. This move is aimed at tapping into the Kingdom’s $2 billion rice and rice-based food market, reflecting the company's strategy to expand its global footprint.  

Currently generating $1 billion in global revenue, LT Foods has sustained 18 years of Revenue CAGR at 18 percent and Profit CAGR at 21 percent. With the Riyadh office, the company plans to address the growing demand for authentic rice and rice-based products among Saudi consumers. This office will also serve as a hub for LT Foods' regional operations, leveraging its expertise to cater to the local culinary preferences.  

LT Foods is set to invest SAR 185 million in warehousing, inventory, and personnel over the next five years, targeting a revenue of SAR 435 million during the same period. The company, with Saudi Agricultural and Livestock Investment Company (SALIC) as a strategic shareholder, is also preparing to establish local manufacturing facilities in Saudi Arabia.  

“We have built successful businesses in every market where we have set up our operations. We have provided quality products and premium food offerings to consumers. LT Foods has also added significant value to the economy and to its operations. We are now very excited to expand our footprint in Saudi Arabia. Our trusted brands, DAAWAT, Hadeel, and Mufaddal, have long been a part of the Kingdom of Saudi Arabia (KSA). With SALIC being a strategic shareholder in LT Foods, we are now expanding our footprint in the KSA with warehouses and are prepared to establish local manufacturing,” said Vijay Arora, Chairman and Managing Director, LT Foods.  

Gursajan Arora, CEO - Middle East Business, LT Foods added, “Saudi Arabia is one of the largest importers of rice and a key market for us. We see tremendous potential for growth in the market and are excited to bring our legacy of quality, innovation, and trust to the region. With our Riyadh office, we aim to deepen our connections with local consumers and partners, tailoring our offerings to meet their specific preferences. We are confident in our ability to strengthen our market presence, drive sustainable growth, and continue delivering exceptional value to all our stakeholders.”  

LT Foods' expansion into Saudi Arabia underscores its commitment to enhancing its retail operations in India and international markets while focusing on sustainable growth and delivering quality products to consumers. 

Hisense India, a prominent consumer electronics and home appliances company, has announced the appointment of Nipun Kaicker as its new Director – Go To Market (GTM). This strategic leadership addition is expected to further strengthen the company’s operations and accelerate its growth in the competitive Indian market.

“Nipun’s industry knowledge and expertise in GTM strategies will be invaluable as we continue to grow in the Indian market. We are confident that his leadership will contribute to our growth plans,” said Pankaj Rana, CEO, Hisense India.

With over 14 years of extensive experience in sales, marketing, and growth-driven GTM strategies, Nipun Kaicker is poised to play a key role in enhancing Hisense India’s visibility, improving its brand equity, and driving its long-term growth objectives. His leadership is expected to position Hisense as a leading player in India by leveraging his deep understanding of consumer behavior and market dynamics.

In his new role, Nipun will oversee GTM initiatives to expand the brand’s reach among Indian consumers and foster stronger relationships with customers and partners. His expertise in developing innovative strategies will be central to Hisense India’s efforts to deliver value, improve the customer experience, and enhance the company’s competitive edge.

“I am excited to join Hisense, a company focused on delivering high standards of value to its customers. I will aim to drive innovation and growth for Hisense in India, working with the team to expand the company’s presence and enhance the consumer experience,” said Kaicker.

This appointment aligns with Hisense India’s broader strategy to establish itself as a trusted brand in the country while expanding its presence in the consumer electronics and home appliances segment. The company is also focused on introducing cutting-edge products tailored to meet the evolving needs of Indian consumers.

Globally, Hisense operates in over 160 countries and manages 18 manufacturing facilities. It demonstrates a strong commitment to innovation by investing 5 percent of its annual revenue into research and development, with 18 R&D hubs located worldwide.

By integrating Nipun’s leadership and strategic vision, Hisense India aims to achieve significant milestones in its journey to become a household name in India. The company’s emphasis on delivering high-quality, innovative products reflects its mission to create meaningful connections with its customers and partners.

Korean brand Daewoo has solidified its presence in India by partnering with MK Enterprise as its authorized channel partner in Gangapur City, a key hub for batteries and electronics in Rajasthan. This strategic collaboration underscores Daewoo’s commitment to expanding its footprint in India and catering to the growing demand for reliable and innovative energy solutions.

The partnership will enable Daewoo to provide a diverse range of products, including energy and power solutions, automotive batteries, and electronics. These offerings aim to address the evolving needs of Indian consumers, combining cutting-edge technology with the brand’s globally trusted standards.

“As part of its India growth strategy, Daewoo has partnered with MK Enterprise as its authorized channel partner in Gangapur City in Rajasthan. Daewoo’s expansion into India is aligned with its goal of meeting the rising demand for advanced, reliable products tailored to the needs of Indian consumers,” the company stated.

Daewoo’s network in India is already extensive, with over 150 channel partners and approximately 3,000 dealers nationwide. This robust distribution system ensures the availability of its products across multiple regions, reinforcing its commitment to providing accessible, high-quality solutions.

“The company’s entry into Rajasthan is a significant step in bringing globally trusted products to the region while addressing the evolving needs of Indian consumers,” said Navin Narang, a company official.

The partnership with MK Enterprise highlights Gangapur City’s importance as a growing hub for energy and electronics in Rajasthan. By establishing a presence in this key market, Daewoo aims to build stronger relationships with local consumers and businesses, further enhancing its reputation as a reliable global brand.

This move reflects Daewoo’s broader India growth strategy, which focuses on delivering advanced, dependable products to meet the unique requirements of Indian customers while contributing to the energy sector's development in the region.

Swiggy, India’s one of the leading online food delivery and quick commerce platforms, has appointed Kanika Tiwari as the Head of Monetization for its quick commerce service, Swiggy Instamart. Known for her expertise in strategy, business development, and growth, Tiwari brings with her a wealth of experience from her successful tenure at Flipkart and other renowned organizations.

Tiwari’s professional journey with Flipkart spanned eight years, beginning in December 2016 as a Management Trainee in Brand Ads Solutions. Over the years, she steadily climbed the ranks, holding key positions and playing a pivotal role in driving the company’s growth. Her most recent role at Flipkart was Director of Strategy and Growth for Flipkart Ads, a position she assumed in September 2024, where she made significant contributions to scaling the platform’s advertising business.

 “I want to thank Flipkart for the opportunities and experiences gained during my tenure. I am grateful to all the leaders I got to work with, who helped me become the professional I am today. Looking forward to this new chapter and contributing to Swiggy’s success,” added Kanika Tiwari.

Beyond her impactful tenure at Flipkart, Tiwari’s career began in 2011 as an Engineer at Ericsson, where she gained a strong foundation in technology and operations. She later joined Rivigo in 2016 as a Business Development Manager and Key Account Manager, working on customer engagement and strategic accounts before transitioning to Flipkart.

In her new role at Swiggy Instamart, Tiwari will focus on monetization strategies to enhance revenue streams for the platform, which has been rapidly expanding its footprint in India’s competitive quick commerce market. Her proven track record in strategy and growth is expected to further solidify Swiggy Instamart’s leadership position in the segment.

This appointment underscores Swiggy’s commitment to bringing on board seasoned professionals to drive its business objectives. With Tiwari at the helm of monetization for Instamart, the company is well-positioned to deliver innovative solutions, build stronger partnerships, and continue delighting its customers.

Associated Alcohols and Breweries Limited (AABL) has introduced its most premium whiskey offering, Hillfort Whiskey, in India's retail sector. The new product aims to provide an accessible yet sophisticated option for whiskey enthusiasts, combining quality craftsmanship with an intricate flavor profile tailored for both seasoned drinkers and newcomers.  

Hillfort Whiskey stands out with its distinctive flavor journey. It features a smoky aroma complemented by ashy undertones, floral hints, and notes of citrus and tropical fruits. The rich malt aroma brings forward elements of wood-smoked honey, vanilla, and oak spices such as cinnamon and black cardamom, rounded off with cereal undertones. On the palate, the whiskey delivers a velvety texture, blending citrus and smoky flavors with complex oak spices and malt sweetness. The finish is warm, long, and bittersweet, leaving a smoky aftertaste. This unique whiskey is crafted with Indian peated malts, delivering a sophisticated profile without an aging process.  

Tushar Bhandari, Whole Time Director of AABL stated, "Hillfort Whiskey embodies the spirit of sophistication at an accessible price point. Inspired by the premium smoky flavours often found in high-end whiskeys, we aim to deliver a similar indulgent experience to our consumers, ensuring quality remains at the forefront. Hillfort is a testament to our commitment to making premium whiskey more inclusive and enjoyable for all."  

Hillfort Whiskey is available in retail stores and select bars across Madhya Pradesh, with plans for expansion to Delhi and Maharashtra in January 2024. It is offered in three SKUs—750 ml, 375 ml, and 180 ml—priced at Rs 1,395, Rs 700, and Rs 340, respectively. The ex-distillery price for all SKUs is Rs 3,150. Targeting India's largest whiskey category by volume and value, Hillfort offers a smokier and smoother profile suitable for consumption neat, on the rocks, or with water.  

AABL currently manages seven proprietary brands, including Central Province Whiskey, Titanium Triple Distilled Vodka, and Nicobar Gin, and is licensed to manufacture for international brands like McDowell’s No. 1 Celebration Rum and White Mischief Vodka. With Hillfort, the company strengthens its presence in India's retail whiskey segment while addressing evolving consumer preferences.

Teeling Whiskey, a renowned Irish whiskey producer known for its innovative approach to whiskey-making, has introduced Teeling Small Batch Classic, crafted exclusively for the Indian market. This launch reflects the growing demand for premium spirits in India’s retail sector and highlights the country's emergence as a key market for Irish whiskey.  

The Small Batch Classic, part of Teeling’s award-winning collection, offers a modern take on traditional Irish whiskey-making. Produced in small batches using hand-selected casks of grain and malt whiskey, the whiskey is aged in first-fill bourbon barrels and bottled at 46 percent ABV without chill filtration. It is tailored to suit the Indian palate, offering a blend of creamy vanilla and spicy fruit notes.  

Jack Teeling, Founder and MD of Teeling Whiskey said, "We are thrilled to introduce Teeling Whiskey Small Batch Classic to India, a country that shares our deep appreciation for craftsmanship and innovation. We have created this unique, premium Irish Whiskey in small batches to suit the Indian palette, ensuring a balance of sweetness and bold, natural character. It is a very exciting time for us to introduce the best of Dublin and Irish whiskey craftsmanship to Indian whiskey connoisseurs in one of the world’s fastest-growing Irish whiskey markets."  

Vinay Golikeri, Managing Director of Bacardi India said, "We are excited to launch Teeling Small Batch Classic, crafted exclusively for the Indian consumer. This special edition has been thoughtfully curated to align with the discerning tastes of Indian whiskey enthusiasts, offering a smooth yet complex profile that perfectly complements local preferences. We believe Teeling whiskey is best enjoyed in moments of connection—whether it’s celebrating life’s special occasions or elevating everyday gatherings with friends. We’re proud to bring this unique experience, blending Irish craftsmanship with a spirit of celebration, to a market that truly appreciates quality and authenticity."  

In addition to its flavor profile, the Small Batch Classic aligns with sustainable practices, incorporating responsibly sourced raw materials, recycled packaging, rainwater harvesting, and solar-powered distilleries. These efforts resonate with environmentally conscious Indian consumers seeking premium spirits that reflect their values.  

The Teeling Small Batch Classic is now available in key North Indian cities, including Delhi, Gurugram, Amritsar, Ludhiana, and Chandigarh, priced at Rs 3,500 for a 70cl bottle. The whiskey will be rolled out across the rest of India in 2025, catering to the country's growing base of whiskey enthusiasts.  

This exclusive launch underscores the importance of India as a market for premium Irish whiskey, blending traditional craftsmanship with local preferences and sustainable practices.

Relaxo Footwears has appointed Vishal Pathania as AGM - Head of Digital Marketing and Performance, signaling a strategic move to strengthen its digital footprint. Pathania brings with him a wealth of experience in digital marketing, e-commerce, and brand performance, having held key roles in renowned companies in the consumer goods and tech sectors.

Before joining Relaxo, Pathania was with Hindware Home Innovation, where he served as Senior Manager (Lead) – Digital/Social/D2C and Performance Marketing from February 2023 to November 2024. In this capacity, he successfully led the digital marketing function, driving strategy across multiple channels, optimizing performance, and elevating the company's digital presence. His work played a crucial role in Hindware’s marketing transformation, contributing to the brand’s increasing consumer engagement and online visibility.

Pathania’s career also includes an impressive tenure at Timex Group, where he worked for over four years, starting as Assistant Manager – Digital/D2C and Performance Marketing in May 2018. During his time at Timex, he rose through the ranks, becoming Manager (Lead) – Digital/PR/D2C and Performance Marketing by March 2021. In this leadership role, Pathania was instrumental in shaping the company’s brand marketing communication through innovative and engaging campaigns, collaborating with creative agencies to drive social media effectiveness, public relations, and event marketing initiatives.

Earlier in his career, Pathania worked at Micromax Informatics from November 2015 to April 2018 as Assistant Manager – Social/Digital/D2C and e-Commerce Marketing, where he was responsible for digital strategies and e-commerce growth. He also has a strong foundation in digital SEO, SEM, and social media marketing from his role as Account Manager – DigitalSEO/SEM/SMM/D2C/e-Commerce at SoftAdroit System Solutions, where he contributed to the growth of client businesses through targeted digital initiatives.

Pathania’s diverse experience in digital marketing and performance-driven strategies is expected to provide Relaxo Footwears with the expertise to accelerate its growth in the e-commerce and D2C space. With his appointment, Relaxo is poised to enhance its digital marketing initiatives and better connect with its growing customer base, leveraging his expertise to drive further innovation in the company’s digital and performance marketing endeavors.

Health-tech company PharmEasy has posted a loss of Rs. 2,533 crore for FY24, reflecting a significant decline in its revenue, which fell nearly 15 percent to Rs. 5,664 crore. According to the financials of API Holdings, PharmEasy's parent company, the revenue from operations dropped by 14.8 percent, down from Rs. 6,644 crore in FY23.

The Mumbai-based company managed to reduce its losses by over 50 percent in FY24, largely due to a 79 percent reduction in goodwill impairment charges. Goodwill impairment, an accounting measure, occurs when the carrying value of goodwill exceeds its fair market value on a company’s financial statements.

PharmEasy’s financials show that it spent Rs. 1.28 to earn every rupee in FY24, highlighting its operational inefficiency at a unit level. Once valued at $5 billion, the company’s valuation has since collapsed to a range of $500-$600 million, following a series of valuation cuts and financial setbacks. To date, PharmEasy has raised approximately $1.1 billion.

The cost of materials fell by 14.8 percent to Rs. 4,880.3 crore in FY24, while finance costs increased by 9.4 percent to Rs. 727.9 crore. Employee-related expenses amounted to Rs. 699.3 crore, which included Rs. 221.8 crore in ESOP costs. The company had significantly reduced its workforce last year as part of its cost-cutting measures.

PharmEasy faced a major crisis last year when its valuation was sharply reduced while it was seeking new funding. In June, the company defaulted on a Rs. 3,500 crore loan from Goldman Sachs. Furthermore, its IPO plans were delayed after initially filing papers in November 2021, and the listing was postponed in August 2022.

This year, in April, PharmEasy faced a 90 percent reduction in its valuation after securing $216 million in funding, led by Manipal Education and Medical Group (MEMG) and other existing investors.

Goyal Salt Limited, a leading FMCG player specializing in salt, has announced its unaudited financial results for the half-year ending September 2024. The company reported a revenue of Rs. 74.82 crore in H1FY25, marking a 59.67 percent growth compared to Rs. 46.86 crore in H1FY24. EBITDA surged to Rs. 13.13 crore, recording a 2.2-fold increase from Rs. 4.11 crore in the previous period, while PAT grew 2.87 times to Rs. 9.33 crore, compared to Rs. 2.41 crore in H1FY24.

In H1FY25, the company secured a work order worth Rs. 21.86 crore from the Jharkhand government and achieved a historic procurement of 150,000 tons of raw material in Q1FY25, targeting record-breaking production and sales.

Pramesh Goyal, Managing Director, Goyal Salt Ltd. said, “We are delighted to report a good set of numbers. The growth in our profitability reflects the strength of the Goyal Salt brand in North India, especially Rajasthan, UP, Bihar, Jammu, and Jharkhand. We have emerged as one of the leading brands in the league of the top three salt brands in India. With our new plant which is going to be the largest plant in Gandhidham in the salt capital of India, Kutch, is going to change the face of the company by strengthening the brand in the Western part of the country like Maharashtra and Gujarat. The company is setting up this plant with an investment of ₹80 crore approx.”

“The company’s motive is to reach every household in the country,” Goyal emphasized, signaling its commitment to widespread distribution and expanding brand visibility across India’s vast markets. Goyal Salt’s strong performance and ongoing investments reflect its ambition to dominate the national market and build a lasting legacy as a household name in the salt industry.

With its strategic plans in place and a strong financial trajectory, Goyal Salt is well-positioned to continue its growth and strengthen its leadership in the salt sector across the country.

Reid & Taylor Apparel, the iconic men’s ready-to-wear fashion brand from the legacy suiting company Reid & Taylor, has launched its official e-commerce platform, reidandtaylor.in, enabling customers to shop for premium menswear online. The announcement was shared by the company on social media, marking a significant step in the brand's efforts to expand its digital presence and offer convenience to its customers.

The newly launched website features a wide array of menswear options, including shirts, polos, suits, trousers, chinos, and accessories. With this move, Reid & Taylor aims to cater to modern men seeking premium apparel that combines style and sophistication. Further broadening its reach, the brand’s collection will also be available on the popular fashion e-commerce platform Myntra starting midnight this Friday.

“Today we have inaugurated our online business of Reid & Taylor Apparel. Now for all the men on the mission in India, we are just a few clicks away,” stated Subrata Siddhanta, CEO – Apparel and Retail at Reid & Taylor.

In its pursuit of connecting with a younger audience, Reid & Taylor recently announced Bollywood actor Vicky Kaushal as its brand ambassador. Kaushal, known for his charismatic personality and modern appeal, reflects the brand’s vision of combining timeless elegance with contemporary style.

Founded in the 1830s by Scottish entrepreneur Alexander Reid, with financial backing from Joseph Taylor, Reid & Taylor has grown into a globally recognized name in luxury suiting and menswear. The brand entered India in 1998 through S. Kumars Nationwide Ltd. (SKNL), where it quickly gained popularity for its luxurious fabrics and tailored apparel, becoming a household name synonymous with sophistication.

Over the past year, the brand has been aggressively expanding its offline footprint as well. In April 2024 alone, Reid & Taylor launched seven new stores in Mumbai, signaling its commitment to strengthening its retail presence. With an ambitious goal of opening 40 stores across India by the end of the financial year 2025, the brand is on track to solidify its standing as a leader in the premium menswear segment.

With the launch of its online store and presence on Myntra, Reid & Taylor is combining the best of traditional craftsmanship with the convenience of modern e-commerce, making its luxurious and tailored offerings more accessible than ever before.

The Chandni Chowk Wedding Festival, powered by Omaxe Chowk, concluded its month-long celebration with an overwhelming turnout of 1.56 million visitors. The event successfully combined tradition, culture, and modern shopping trends, drawing immense participation from couples, families, and wedding shoppers.

With over 75 prominent brands participating, the festival created a vibrant platform that celebrated the rich heritage of Chandni Chowk and the premium offerings of Omaxe Chowk. Leading jewelry brands like Kalyan Jewellers, Tanishq, Malabar Gold & Diamonds, and CaratLane showcased curated collections, drawing shoppers with their intricate designs. Simultaneously, wedding wear collections from renowned designers and stores such as Tasva, White Hanger, Ram Chandra Krishan Chandra, Chhabra 555, Odhni, and Koskii added glamour to the festival.

The event wasn’t just about shopping; it offered an engaging experience with weekly lucky draws that created a buzz among visitors. Participants stood a chance to win exciting prizes like 55-inch TVs, washing machines, refrigerators, and microwaves, adding an element of thrill to the festivities.

The grand finale was a highlight of the event, where major winners were announced. Vikas Kumar from Gurugram won the top prize of a Tata Nexon for his purchases at CaratLane, while Shilpa Jaiswal from Chandni Chowk bagged a Royal Enfield Hunter for shopping at Tanishq. These big-ticket prizes underscored the festival’s aim to offer more than just a shopping experience, making it memorable for attendees.

“The success of the Chandni Chowk Wedding Festival highlights the power of collaboration between Chandni Chowk’s iconic market and Omaxe Chowk. We look forward to supporting many more such initiatives, providing couples and families with unique shopping festivals that blend tradition, culture, and style,” said Jatin Goel, Executive Director of Omaxe Group.

This month-long event not only showcased the diversity and grandeur of Chandni Chowk’s wedding shopping options but also reinforced its reputation as a one-stop destination for everything bridal and celebratory. With its thoughtfully curated experiences and offerings, the festival set a new benchmark for wedding shopping festivals in the region.

Smt. Smriti Zubin Irani, former Union Minister, visited the India Jewellery Exposition Centre (IJEX) in Dubai, where she engaged with women exporters from India and women jewellery professionals based in Dubai. Her visit underscored the growing role of women in the jewellery industry and the significance of IJEX, an initiative by the Gem and Jewellery Export Promotion Council (GJEPC), in promoting exports and expanding the global reach of Indian jewellery.

Irani called for a shift in the way women’s roles in the jewellery sector are viewed. “While the industry often romanticizes the relationship between women and jewellery, it’s time to acknowledge their substantial business contributions. Women are not just consumers or designers—they are leaders, entrepreneurs, and innovators driving significant revenue across various verticals,” she said.

Irani highlighted that the collective turnover generated by women in the jewellery industry would reveal impressive figures, emphasizing their vital role in global trade and the economy. She pointed out that women contribute to every aspect of the sector, from designing and managing operations to building global brands. Their creativity, consumer insight, and operational excellence allow them to thrive in an increasingly competitive market.

Interacting with Indian exporters at IJEX, Smt. Irani praised the showcase of Indian craftsmanship, noting its ability to meet diverse market demands with a wide range of designs. She also commended the leadership of GJEPC for creating IJEX, describing it as a valuable platform for MSMEs and young entrepreneurs in the gem and jewellery industry to engage with global markets.

“I’m bedazzled by the expertise, merchandising strength, and humility with which such a momentous trade is transacted,” she added, recognizing the dedication and innovation driving the Indian jewellery sector.

At FICCI’s 97th AGM and Annual Convention, the focus was on enhancing the collaboration between farmers, industry, and government to improve farm-to-fork efficiency, value addition, and reduce wastage. Highlighting the importance of such efforts, Anita Praveen, Secretary, Ministry of Food Processing Industries, emphasized the role of Farmer Producer Organizations (FPOs) in optimizing production, processing, and marketing in India's retail and agricultural sectors.  

Speaking at the session on "Farm Prosperity," Praveen stated, “Micro and medium processing units near farms, better logistics, and FPO-led initiatives can unlock rural prosperity. Retaining wealth from value addition is crucial for India's agri-growth.” She further noted that industry-led initiatives like training, weather forecasting, and financial support are key to ensuring a strong foundation for agricultural development.  

Industry Perspectives on India's Agri-Growth

Hemant Sikka, Co-Chairman of the FICCI Committee on Agriculture and President of the Farm Equipment Sector at Mahindra and Mahindra Ltd., described agriculture as the backbone of India's economy, employing nearly half of the workforce and playing a critical role in rural development and food security. He outlined FICCI's target to double agricultural exports to ₹8 lakh crore by leveraging digitalization, mechanization, and productivity improvements. These measures aim to enhance market access, optimize inputs, and promote sustainable practices, forming the foundation of a vision for a developed India by 2047.

Syed Junaid Altaf, Group Executive Director at FIL Industries, discussed the transformative potential of horticulture clusters in improving farmer prosperity. Citing FIL’s experience with the Apple Cluster Program in Kashmir, he explained how initiatives such as high-density planting, integrated nutrient management, capacity building, and parametric-based insurance solutions can boost productivity and climate adaptability.  

Sustainability as a Driver of Growth  

Subroto Geed, President - South Asia at Corteva Agriscience, emphasized the need for sustainability to be central to business strategies in agriculture. He highlighted innovations like hybrid corn achieving U.S.-level yields in Bihar and water-saving direct-seeded hybrid rice, which also reduces greenhouse gas emissions. Additionally, he pointed to advanced crop protection products such as selective nematicides that protect soil health while improving productivity. Geed stressed the importance of educating farmers about technology and resistance management to ensure long-term agricultural success in India.  

Sanjiv Kanwar, Managing Director at Yara South Asia, reiterated the company’s commitment to addressing critical challenges faced by Indian farmers, including soil depletion, malnutrition, water scarcity, and emissions.  

Moderated Insights

The session was moderated by Nitika Nathani, Partner at McKinsey and Company, who facilitated discussions on aligning industry efforts with India's agricultural aspirations.

As retail and agriculture sectors in India increasingly intersect, initiatives like these pave the way for sustainable growth and farmer empowerment, contributing to the nation’s vision of "Viksit Bharat 2047."

Uniqlo India is targeting Rs 1,000 crore in sales for the current fiscal year, maintaining its 30 percent annual growth trajectory, supported by retail expansion, said Chief Operating Officer Kenji Inoue. The company is also increasing local sourcing, aiming to raise it from 15.5 percent currently to 18 percent by 2025.

India remains an “important” market for Fast Retailing Co., Uniqlo’s parent company, which recently reported annual sales of 3 trillion yen (approximately USD 20 billion) and aims to triple this figure to 10 trillion yen in the future.

“We have been achieving 30 percent growth, we feel that the potential of the market is huge. We at Fast Retailing just achieved 3 trillion yen in sales and we are now targeting 10 trillion yen, which is three times, and definitely, this market would be one of the very important markets to (achieve) that,” Shared Kenji Inoue, Chief Operating Officer, Uniqlo.

Although India is still a small market for Uniqlo globally, Inoue highlighted its immense potential, calling it “probably one of the biggest” and predicting significant growth in the future.

Since opening its first store in India in October 2019, Uniqlo now operates 13 stores across the country. This network will expand to 15 stores by the end of November, with the opening of a new store in Mumbai’s Phoenix Palladium on Friday and another in West Delhi next week.

Uniqlo achieved profitability in India within three years of operations, posting a 31 percent increase in revenue to Rs 814.84 crore and a 25 percent rise in profit to Rs 85.17 crore in FY 2023-24, as per a RoC filing.

"We have grown 30 percent last year (FY’24) and we are targeting a similar growth ratio. We have not seen any significant drop or any change in people’s consumption behavior. We have been seeing strong growth. We aim for that. It would be dependent on factors such as the opening of new stores such as Phoenix Palladium, which is an interesting step towards our expansion,” added Inoue.

Uniqlo achieved profitability in India within three years of operations, posting a 31 percent increase in revenue to Rs 814.84 crore and a 25 percent rise in profit to Rs 85.17 crore in FY 2023-24, as per a RoC filing.

Inoue also reiterated Uniqlo’s commitment to modernizing production in India. He stated, “We commit to expansion and modernization of production activities in India and are on track to achieve local sourcing requirements. We are producing global standard goods in India. Right now, the local production ratio is 15.5 percent. We are aiming to achieve 18 percent by 2025.”

Speaking about expansion in South India, he emphasized that “South India is really important, but we want to ensure that the quality of the service that we provide in each of the stores, or the product mix that we have in each of the regions, meet the customer demands.”

Additionally, 15 percent of Uniqlo’s sales in India come from its online store, UNIQLO.com, which serves 17,000 pin codes. The brand plans to continue focusing on online sales through its website and mobile app.

Uniqlo, headquartered in Tokyo, is the largest of eight brands under Fast Retailing Co., which also owns GU, Theory, PLST, Comptoir des Cotonniers, and Princesse tam.tam, J Brand, and Helmut Lang.

Apple India, the Indian arm of the global technology leader Apple Inc., has reported a notable financial performance for the fiscal year 2023-24. According to regulatory filings shared by Tofler, the company achieved a 23 percent increase in net profit, climbing to Rs. 2,745.7 crore from  Rs.2,229.6 crore in the previous financial year. This consistent growth underlines Apple's expanding footprint in the Indian market.

The company's total income witnessed an even more remarkable growth, rising by 36 percent to reach Rs. 67,121.6 crore, compared to Rs. 49,321.8 crore in FY23. This surge reflects the increasing demand for Apple’s premium products and services in India, bolstered by its strategic initiatives and deeper market penetration.

In its regulatory filing, the company stated, “Apple India Private Limited provides and markets Apple brand products and software, including mobile devices and laptops, reported its revenues for the financial year 2023-24 as Rs. 67,122 crore, a 36 percent jump since the last financial year.”

The company’s total expenses for FY24 stood at Rs. 63,397 crore, reflecting the cost of scaling its operations and enhancing its market presence.

The financial results are a testament to Apple’s growing popularity in India, a key market for the tech giant. The company has been focusing on boosting local manufacturing, expanding retail operations, and tailoring its offerings to suit Indian consumers. The recent launch of Apple’s flagship retail stores in Mumbai and Delhi further underscores its commitment to solidifying its presence in the region.

Apple's growth in India aligns with the broader trend of increasing consumer demand for premium smartphones, laptops, and accessories, as well as the company’s strategic push into services like Apple Music, iCloud, and the App Store. The FY24 performance highlights Apple’s ability to successfully tap into the Indian market's potential while maintaining its global standards of quality and innovation.

As Apple continues its efforts to deepen its engagement in India, the company is expected to play a pivotal role in shaping the premium electronics and technology landscape of the country.

Damson Technologies, a key player in computer peripherals, mobile accessories, and lifestyle products, has announced the establishment of a state-of-the-art manufacturing facility in Ahmedabad, Gujarat. This strategic move, backed by an investment of Rs 200 crore, underscores the company's commitment to the ‘Make in India’ initiative and its focus on enhancing the retail ecosystem in India. The facility will produce for Damson’s flagship brand, JUST CORSECA, and other leading accessory brands in the country, meeting the growing demand for high-quality smart accessories and lifestyle products.  

The investment is divided into three phases, with Rs 110 crore allocated for factory setup, Rs 60 crore for advanced machinery, and Rs 30 crore for manufacturing processes. The facility is designed to manufacture audio systems, including TWS earbuds, personal audio devices, and home entertainment systems, emphasizing advanced technology and durability. By manufacturing locally, Damson Technologies aims to support the ‘Make in India’ initiative while creating approximately 500 jobs in the Ahmedabad region.  

The facility will begin operations with six assembly lines in phase one, targeting an initial production capacity of 3 lakh units per month. This capacity will gradually increase to 20 assembly lines by phase three, scaling production to 10 lakh units per month. The company’s phased approach aligns with its strategy to meet rising domestic and international demand efficiently.  

Damson Technologies aims to achieve a revenue target of Rs 500 crore in the next fiscal year, leveraging the Ahmedabad facility’s production capabilities to optimize output and reduce import dependency.  

Under the leadership of Managing Director Ritesh Goenka, Damson Technologies is prioritizing research and development to revolutionize the smart accessory market. The company has allocated $10 million to R&D, focusing on integrating AI-powered products, app-based controls, and voice assistance into its portfolio. The new facility will also cater to a growing gaming segment with specialized products such as gaming AirPods, headphones, and sports trackers, addressing evolving consumer preferences in India and global markets.  

Ritesh Goenka, MD of Damson Technologies said, “The Indian market offers tremendous potential for manufacturing of smart accessories, and we are delighted to start this state-of-the-art facility in Ahmedabad. With a focus on quality and innovation, this facility is designed to produce high-quality products for our flagship brand, JUST CORSECA, as well as for other leading accessory brands in India. This facility underscores our dedication to the ‘Make in India’ initiative by bringing production closer to home, enhancing operational efficiency, and supporting our growth ambitions.”  

Aligned with India’s vision of becoming a global manufacturing hub, the Ahmedabad facility will support Damson Technologies’ international expansion strategy. By reducing import dependency, the company aims to meet growing global demand, particularly in markets like the USA, UK, and UAE. This localized production approach enables competitive pricing for exports while maintaining product quality and cost efficiencies.  

Damson Technologies projects a market share of 3-4 percent in the mobile accessories and personal audio sectors through its Ahmedabad facility. Once fully operational, the facility is expected to significantly contribute to the company’s revenue targets and strengthen its position as a leading manufacturer in India’s smart accessories market.

Tata CLiQ, the e-commerce platform known for its wide-ranging offerings, has rebranded itself as Tata CLiQ Fashion, marking a significant transition to focus exclusively on fashion and lifestyle. The rebranding signifies the platform’s intent to cater to the growing demands of style-conscious consumers. 

As part of this transformation, Tata CLiQ Fashion now boasts an expansive product range, including clothing, footwear, accessories, watches, beauty items, gadgets, and home essentials. The revamped identity is reflected in a new logo, updated packaging, and an overhauled app and website designed to enhance the overall user experience.

“Our new identity reflects our focus on meeting the changing needs of consumers. This move strengthens our position in the fashion segment and allows us to help customers explore their style. We aim to offer an improved and more tailored shopping experience,” said Gopal Asthana, CEO, Tata CLiQ.

The platform has launched several dedicated stores tailored to niche interests. These include the Sneaker Store, featuring the latest trainers; the Indie Finds Store, which highlights products from emerging and local brands; and the Lingerie Store, catering to varied preferences. Shoppers can also explore Tata CLiQ Palette, a curated collection of beauty products, along with thematic offerings like the Winter Wear Store and the Wedding Store, providing seasonal and event-specific options.

With a portfolio of over 6,000 brands and meticulously curated collections, Tata CLiQ Fashion aims to simplify the shopping experience while offering tailored solutions for its customers.

The rebranding reinforces Tata CLiQ Fashion’s commitment to becoming a premier destination for fashion and lifestyle products, offering personalized shopping experiences that reflect modern consumer needs.

With the e-commerce sector witnessing rapid growth in India, particularly in fashion, this strategic shift positions Tata CLiQ Fashion to better address the needs of modern, style-conscious consumers while staying competitive in an evolving market.

Zoca Diner has opened its latest outlet on the first floor of SCO 49, London Street at World Street by Omaxe in Faridabad. Spanning 1,260 sq. ft., the diner offers a selection of continental cuisine and artisanal mocktails, adding a new dimension to the retail and dining landscape in India.  

World Street by Omaxe, a premier destination in Faridabad for shopping, dining, and leisure, draws inspiration from iconic shopping streets across cities such as London, Paris, and Lisbon. The addition of Zoca Diner to London Street complements existing dining options like Subway, Bikanerwala, Domino’s, Chaayos, and The Litti Chokha, further enhancing its appeal as a culinary hub.  

Jatin Goel, Executive Director of Omaxe Group stated, “We are excited to share that Zoca Diner is now at World Street. With its vibrant menu and ambiance, Zoca Diner brings an international flair to London Street, and we’re confident it will become a favorite spot for our guests looking to enjoy the best of Continental flavors and artisanal mocktails.”  

The establishment of Zoca Diner reflects World Street's commitment to offering a diverse range of high-quality dining options. As part of its vision to enhance urban leisure and lifestyle, World Street continues to evolve as a prominent retail and culinary destination in India.

BESTSELLER India has announced that Vineet Gautam, CEO and Country Head, will step down from his position on December 31, 2024, marking the end of a 15-year tenure. During his time with the organization, Gautam played a pivotal role in shaping the retail landscape in India by introducing and establishing popular brands such as JACK and JONES, VERO MODA, ONLY, and SELECTED HOMME. Today, BESTSELLER operates 332 standalone brand outlets and is present in over 1,578 shop-in-shops across the country.  

Gautam stated, “When I began this journey 15 years ago, my goal was to bring a new wave of fashion to India. The success we’ve achieved together – from launching brands to creating a robust retail network – has been deeply fulfilling. I am incredibly proud of the team at BESTSELLER India, whose passion and commitment have made us a market leader. As I step away, I am confident that the legacy we’ve built will continue to thrive.”  

As the company searches for Gautam’s successor, Mrithyunjay Amblimath, currently Head of Sales, will take on the role of interim leader for BESTSELLER India. Amblimath, a key figure in the leadership team for several years, has extensive experience in overseeing strategic growth and driving operational efficiencies.  

Anders Holch Povlsen, CEO and Owner of BESTSELLER said, “Vineet’s contribution to BESTSELLER India cannot be understated. As he steps down, we are grateful for his years of service and contribution to the organisation. Looking ahead, I am excited about the immense potential India holds and our continued journey of growth and expansion in this incredible country.”  

India remains a significant focus market for BESTSELLER as the company continues to prioritize enhancing its retail operations, fostering innovation, and delivering exceptional customer experiences. The leadership transition comes at a time when BESTSELLER India is poised to build on its strong foundation and capitalize on growth opportunities in the evolving retail sector.  

Darshan Mehta, Managing Director of Reliance Brands Ltd. (RBL), is set to step down after nearly 20 years of leading the company, according to news reports. Mehta, a key figure in establishing RBL’s position in India’s luxury and premium retail market, will transition into a mentorship role within the Reliance Group. He will focus on guiding emerging leaders and exploring new business opportunities while continuing as a non-executive director on the RBL board.  

Mehta joined RBL in 2007 as one of its founding members and played a crucial role in shaping its strategy and operations. Under his leadership, RBL expanded Reliance’s footprint in the luxury retail space by bringing over 90 international brands to India. These brands include globally recognized names such as Valentino, Versace, Armani, Bottega Veneta, Coach, Jimmy Choo, Pottery Barn, Ferragamo, LensCrafters, Muji, Boss, and Zegna.  

Reliance Brands Ltd part of the Mumbai-based conglomerate Reliance Industries Ltd. (RIL), was established to introduce and grow global brands in India through exclusive franchise and joint venture agreements. Over the years, the company has become a key player in India’s retail sector, particularly in the luxury and premium segments.  

News sources indicate that Reliance has not yet announced a successor for the managing director position. In the interim, a leadership team of senior executives will oversee RBL’s operations.  

Before joining Reliance, Mehta held senior roles at Arvind Brands, gaining extensive experience in the retail industry. His contributions to RBL have been instrumental in shaping the company’s growth trajectory and its influence on India’s retail market.  

Global denim brand Wrangler has teamed up with Indian café chain SOCIAL to introduce an exclusive line of co-branded merchandise. The collaboration, which was unveiled at an event in Mumbai, marks SOCIAL’s first foray into co-branded merchandise.

“This collaboration with SOCIAL is a bold fusion of fashion and urban culture, bringing together two dynamic brands that celebrate self-expression and creativity. With this exclusive merchandise, we’re curating an experience that embodies the pulse of the city and the spirit of adventurous optimism,” said Nitin Chhabra, CEO of Ace Turtle, the exclusive licensee of Wrangler in India.

The collection features a range of apparel, including oversized tees and sweatshirts for men, as well as cropped tees for women. Each piece in the collection is adorned with illustrations that reflect Wrangler’s adventurous ethos blended with SOCIAL’s energetic, party-ready style.

Divya Aggarwal, Chief Growth Officer at Impresario Entertainment & Hospitality Pvt. Ltd., the parent company of SOCIAL commented, “Our co-branded merchandise with Wrangler takes this collaboration a step further, blending music, fashion, and culture into a tangible form. Together, we are offering our guests a unique way to celebrate the adventurous spirit and urban creativity that define both brands.” 

The co-branded merchandise will be available at all Wrangler retail outlets across India, select department stores such as Lifestyle and Shoppers Stop, as well as online via Wrangler’s official India website. Customers can also place orders using QR codes at SOCIAL outlets.

Wrangler, an American workwear and denim brand established in 1947 by Blue Bell, is owned by US-based Kontoor Brands Inc., which also manages the denim label Lee. In 2021, Kontoor Brands transitioned its Lee and Wrangler operations in India from a fully-owned subsidiary model to a franchise structure, entering into a licensing agreement with retail tech platform Ace Turtle.

Bengaluru-based Ace Turtle also serves as the exclusive licensee for several global brands, including Toys“R”Us, Babies“R”Us, and Dockers, for India and other markets in South Asia.

Indian footwear brand Paragon has entered the quick commerce retail segment in India by partnering with Swiggy Instamart and Zepto. This strategic expansion aims to address the increasing consumer demand for instant and convenient footwear solutions. By leveraging these platforms, Paragon seeks to make its products readily accessible to consumers, catering to on-demand needs and emphasizing style and functionality.  

The initial rollout covers eight major metropolitan markets, including Ahmedabad, Pune, Hyderabad, Mumbai, Gurgaon, Chennai, Kolkata, and Bangalore. Plans are underway to expand to additional cities. This move ensures that customers have access to essential footwear for both everyday use and urgent situations, reflecting Paragon’s commitment to affordability and accessibility.  

Sachin Joseph, Executive VP of Marketing and IT at Paragon Footwear said, “Our expansion at quick commerce platforms has proven to be a perfect fit, as we're uniquely positioned to fulfill the urgent footwear needs of Indian consumers within minutes. The overwhelming consumer engagement we've witnessed in the first phase of launch has been remarkable. With this rapid delivery model, Paragon is revolutionizing the traditional footwear retail paradigm and is opening new avenues for growth while strengthening our connection with customers.”  

The product lineup available on quick commerce platforms includes essential footwear such as slippers, clogs, school shoes, kids' clogs, and some ethnic ranges. Paragon plans to expand its offerings by introducing casual footwear as it enters northern and eastern markets, further addressing diverse consumer needs.  

This move represents a shift in the retail strategy of the brand, showcasing its ability to adapt to changing market dynamics and consumer preferences in India. 

Ethnic wear brand Ramraj Cotton has announced Bollywood actor Abhishek Bachchan as its new brand ambassador. This partnership marks a strategic move by the brand to further enhance its market presence and connect more deeply with its customer base across the country. 

Abhishek Bachchan will be featured prominently in Ramraj Cotton’s upcoming advertising campaigns, which include television commercials, print posters, and other marketing initiatives aimed at broadening the brand’s visibility. The collaboration reflects Ramraj Cotton’s intent to appeal to a wider demographic by combining its commitment to tradition with Bachchan’s modern appeal.

“We are delighted to welcome Abhishek Bachchan to the Ramraj family. His reputation for authenticity and his connection with audiences across the nation make him an outstanding choice for our brand,” said K.R. Nagarajan, Founder and Chairman, Ramraj Cotton. 

Ramraj Cotton, a pioneer in the ethnic wear sector, has built its reputation on producing high-quality, traditional Indian attire, including dhotis, shirts, and accessories. With its roots firmly planted in the cultural fabric of India, the brand has always strived to balance heritage and innovation.

Bachchan commented, “It’s a privilege to join hands with a brand like Ramraj Cotton that holds such a strong legacy in Indian wear. I am thrilled to represent a brand that values tradition and quality so deeply, and I look forward to bringing its ethos to audiences.”

Established in 1983 in Tirupur, Tamil Nadu, Ramraj Cotton started its journey as Ramraj Khadi Traders, focusing on khadi fabrics. However, in 1987, the brand underwent a significant transformation, adopting the name Ramraj Cotton and shifting its focus to cotton-based products. This change marked the beginning of its expansion into a comprehensive range of high-quality ethnic wear and established it as a household name in traditional Indian clothing.

With this collaboration, Ramraj Cotton aims to strengthen its market leadership and reinforce its status as a leading ethnic wear brand that embraces both legacy and modernity.

Indiamart, India’s leading online B2B marketplace, has announced the appointment of Saurabh Deep Singla as its new Chief Human Resources Officer (CHRO). This strategic move comes as part of the company's ongoing efforts to enhance its organizational capabilities and foster a culture of innovation and customer success.

In his new role, Singla will be responsible for leading all human resources functions at Indiamart, with a particular focus on organizational design, leadership development, employer branding, and strengthening the company’s corporate culture. His mandate will also include implementing strategies that enhance employee engagement and drive business growth by aligning HR practices with the company’s broader objectives. Singla's deep expertise in organizational transformation and culture building will play a key role in shaping Indiamart’s future workforce strategies, ensuring that the company remains agile and responsive in a competitive market.

“Our employees are our greatest asset, and we remain committed to creating value for them. With a workforce of over 6,000 employees, fostering an environment of innovation and excellence is key,” said Dinesh Gulati, Chief Operating Officer (COO), of Indiamart Intermesh Limited.

Singla brings over a decade of experience in human resources and organizational strategy. Before joining Indiamart, he served as the global head of HR at upGrad, where he was responsible for leading the company’s HR vertical across regions. He has also developed and executed people strategies for several prominent organizations, including Ecom Express, Rio Tinto, Yum! Restaurants, Whirlpool, and Airtel. Singla’s wealth of experience in scaling organizations, driving talent management initiatives, and implementing people-centric strategies makes him a valuable addition to Indiamart’s leadership team.

“I am delighted to join Indiamart and contribute to its vision of building an empowered, performance-driven, and collaborative workforce,” said Singla.

Indiamart continues to be at the forefront of India’s B2B e-commerce space, connecting a vast network of suppliers with millions of buyers. The platform currently connects approximately 8.1 million suppliers with 202 million registered buyers, making it one of the largest and most trusted online marketplaces in India.

Decathlon, the French sporting goods retailer, has announced a strategic partnership with Myntra, a leading fashion and lifestyle e-commerce platform, according to a joint statement. This collaboration allows Decathlon to leverage Myntra’s vast network, which covers almost 98 percent of serviceable pin codes across India. The partnership will help Decathlon expand its presence in tier I, II, and III cities, with a special focus on emerging sports markets, including Northeast India.

“We are thrilled to announce our strategic association with Myntra as this a significant step in enhancing our e-commerce presence and also represents our efforts to reach a much larger audience across India,” said Sankar Chatterjee, Chief Executive Officer, Decathlon India. 

Through this partnership, Myntra will feature a wide range of Decathlon products, including sports apparel, footwear, backpacks, and essential gear for over 40 sports. This includes items for hiking, trekking, fitness, training, swimming, surfing, badminton, tennis, football, basketball, running, and more.

“Our latest association with Decathlon will synergize to make a wide array of sports products more accessible to those seeking to nurture their passion for fitness as well as specialized sports,” shared Nandita Sinha, CEO at Myntra.

Decathlon’s store on Myntra will receive prominent visibility within the app during the launch period, helping to drive awareness and engagement. Additionally, Decathlon plans to boost its reach through targeted social media campaigns, aiming to connect with an even larger audience across India.

Decathlon first entered the Indian market in 2009, opening its first store in Sarjapur, Bengaluru. The company now operates 127 stores across the country.

Looking ahead, Decathlon has announced plans to invest €100 million (approximately Rs. 930 crore) in India over the next five years. These funds will be allocated toward expanding its retail footprint, upgrading digital capabilities, and improving its value chain. The company aims to increase its store count to 190 across 90 cities, including key tier I and tier II towns.

In a significant move for India’s retail and kidswear market, Suditi Industries has announced its acquisition of “Gini and Jony”, a children’s wear brand with a 44-year legacy. Suditi Industries, known for its expertise in textile and garment manufacturing, aims to leverage this acquisition to strengthen its position in the kidswear segment through a robust omnichannel strategy, encompassing Exclusive Brand Outlets (EBOs), Large Format Stores (LFS), and e-commerce platforms.  

Pawan Agarwal, MD of Suditi Industries stated, “We are excited to welcome Gini and Jony to the Suditi Industries family. The brand has a remarkable legacy that resonates with generations of Indian families, and this acquisition underscores our hunger to truly own the kidswear category, especially after the market’s post-Covid correction. By combining Gini & Jony’s heritage with Suditi’s operational strengths, we aim to bring fresh energy and scale to this beloved name. This partnership is not just about business; it is about creating value for our shareholders while delivering unparalleled quality to the Indian market.”  

Suditi’s vertically integrated manufacturing capabilities allow it to produce over 100,000 garments daily, equating to sales of approximately Rs 6 crore per day for the brand. Agarwal emphasized that this internal capacity positions the company to scale Gini and Jony effectively, capitalizing on its established brand presence in India.  

Prakash Lakhani, Founder of Gini and Jony said, “This partnership brings together the strengths of two highly complementary entities—Gini and Jony’s legacy as a trusted name in kidswear and Suditi’s advanced manufacturing capabilities. What makes this journey even more special is the involvement of the next generation—Pawanji’s son Harsh and my daughter Roshni—who bring fresh perspectives as young parents themselves. Their vision and understanding of the modern consumer make me confident that Gini and Jony will continue to lead the kidswear space in India.”  

Highlighting the market potential, Harsh Agarwal, CMO of Suditi Industries noted, “India has about 34 crore children under the age of 14, representing 24 percent of our population. This immense market, coupled with the mean age of 28 making us one of the youngest countries globally and a GDP per capita growth of 6.7 percent, underscores why the kidswear segment is a highly relevant and promising category. There are only a handful of brands in India that serve the entire nation, and Gini and Jony was not only the first but remains the name with the highest brand recall in the space. With our omni-channel approach and the combined learnings of both teams, we aim to build a powerhouse that serves every Indian family.”  

Roshni Lakhani, who will play a key role in shaping the brand’s future stated, “As a mother, I deeply understand the importance of thoughtful, functional, and high-quality clothing for children. Bringing a mother’s perspective into decision-making allows us to prioritize the needs of parents and children in ways that go beyond traditional boardroom discussions. This means addressing not just style and comfort but also creating products that truly resonate with families in their day-to-day lives. I am thrilled to contribute to this legacy and help ensure that Gini and Jony remains a trusted name for future generations.”  

With Suditi Industries’ operational strength and Gini and Jony’s established brand equity, the acquisition is expected to redefine the kidswear segment in India’s retail market.