Niranjan Gidwani reflects on how Nelson Mandela’s courage, character, and forgiveness reshaped a nation and redefined ethical leadership
Author: admin
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Mindspeak Series: Madiba, The Forgiving Leader
In the vocabulary of leadership, few names command as much reverence as Nelson Mandela. Universally known as the man who liberated South Africa, Madiba, as he was fondly called, gave the world a new blueprint of power built on restraint, empathy, and unity.
The Strength to Forgive a Tormentor
Not Always Popular, But Always Principled
Leadership in Our Times
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KSH International Files ₹745 Crore IPO to Expand Magnet Wire Manufacturing and Solar Power Infrastructure
India’s third largest magnet winding wire producer aims to double capacity and scale exports to over 24 countries
KSH International Ltd., India’s third-largest manufacturer of magnet winding wires by production capacity in Fiscal 2024, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise ₹745 crore through an Initial Public Offering.
The IPO will consist of a fresh issue of shares aggregating up to ₹420 crore and an offer for sale of up to ₹325 crore by promoter group shareholders. With proceeds earmarked for debt reduction, capital expenditure, and solar energy adoption, the company plans to expand aggressively across domestic and international markets.Capital Deployment Strategy and Growth Focus
KSH International will utilize ₹226 crore from the fresh issue to repay and prepay certain outstanding borrowings. Another ₹90 crore will be used to fund new machinery at its Supa and Chakan facilities in Maharashtra, and ₹10 crore is earmarked for installing a rooftop solar plant at the Supa site.
This expansion will more than double the company’s current annual production capacity from 29,045 metric tonnes to 59,045 metric tonnes by Fiscal 2026. The IPO proceeds will also support general corporate purposes and strengthen the balance sheet as the company prepares for a scale-up in exports and capital goods manufacturing.
Segment Leadership and Product Portfolio
KSH International manufactures a wide range of standard and customized magnet winding wires including:- Round enamelled copper and aluminium wires
- Paper-insulated rectangular copper and aluminium wires
- Continuously transposed conductors
- Bunched paper-insulated copper wires
These products are critical for high-performance applications in transformers, motors, alternators, and generators. KSH serves sectors such as energy, renewables, railways, industrial automation, and electric vehicles.
The company markets its offerings under the KSH brand, which has built strong recognition and trust among OEMs and large institutional buyers across India and global markets.Export Leadership and Global Presence
According to its DRHP, KSH International is India’s largest exporter of magnet winding wires by revenue in Fiscal 2024. It serves over 112 customers and exports to more than 24 countries, including the United States, Germany, Saudi Arabia, Japan, UAE, Kuwait, Romania, and Bangladesh.
Major clients include Bharat Heavy Electricals Ltd., GE Vernova T&D India Ltd., Siemens Energy India Ltd., Hitachi Energy India Ltd., and CG Power and Industrial Solutions Ltd.
Its Taloja, Chakan, and upcoming Supa plants are strategically located to support large-scale exports and timely order fulfillment.
Financial Performance Snapshot
In Fiscal 2024, KSH International recorded a 31.76 percent increase in revenue from operations to ₹1,382.82 crore, up from ₹1,049.46 crore in FY23. The company’s EBITDA rose to ₹71.46 crore from ₹49.90 crore, while profit after tax increased to ₹37.35 crore from ₹26.61 crore.
For the nine months ended December 31, 2024, the company posted revenue of ₹1,420.45 crore, EBITDA of ₹87.35 crore, and PAT of ₹49.53 crore.
The company’s market share increased from 11.19 percent to 13.70 percent between FY22 and FY24, highlighting its upward trajectory amid a competitive landscape led by Precision Wires India Ltd. and Ram Ratna Wires Ltd.Manufacturing Expansion and Solar Integration
KSH currently operates three facilities — two in Chakan and one in Taloja. A fourth manufacturing unit is under construction at Supa, Ahilyanagar (formerly Ahmednagar), which will feature upgraded machinery and rooftop solar installations. The solar plant investment aligns with KSH’s long-term vision for operational sustainability and reduced energy costs.
The Supa facility is expected to begin operations in Fiscal 2026 and will play a critical role in fulfilling future demand from renewable and EV sectors.
IPO Structure and Listing
The IPO will be conducted through a book-building process. Up to 50 percent of the net offer will be allocated to Qualified Institutional Buyers, with 15 percent reserved for Non-Institutional Investors and 35 percent for retail individual bidders.
Nuvama Wealth Management Ltd. and ICICI Securities Ltd. are the book-running lead managers to the issue, and MUFG Intime India Pvt. Ltd. is the registrar. The equity shares will be listed on the National Stock Exchange of India and BSE Ltd.About KSH International
KSH International Ltd., part of the Pune-based KSH Group, began operations in 1981 and has since evolved into a global supplier of critical magnet wire solutions for electrical machinery. The company’s focus on high-quality manufacturing, customer-centric innovation, and consistent delivery has established it as a preferred vendor for both public and private sector energy companies. KSH International Files ₹745 Cr IPO to Expand Capacity, Solar, and ExportsAt Prittle Prattle News, we honor your dedication and inventiveness led by showcasing you in a positive light. Under the direction of Editor-in-Chief Smruti Bhalerao, our platform is committed to disseminating powerful narratives that raise awareness and motivate change. For more important stories, follow us on LinkedIn, Instagram, and YouTube.
- Round enamelled copper and aluminium wires
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Danube Properties Powers Dubai’s AED 115 Billion Real Estate Boom in Q1 2025 with Record Delivery and Investor Confidence
With 18 projects delivered and 16 in the pipeline, the UAE’s fastest-growing private developer reaffirms its leadership in affordable luxury
Dubai’s real estate sector is on track to achieve its strongest year in history with property transactions crossing AED 115 billion in the first quarter of 2025. This 29 percent year-on-year growth over Q1 2024 reflects not just a surge in investor confidence but also a deeper shift in global real estate flows, with Dubai emerging as a secure investment destination amid macroeconomic volatility.
Leading the momentum is Danube Properties, the UAE’s most consistent and fastest-growing private real estate developer. The company has now delivered 18 out of 34 launched developments across Dubai, reinforcing its reputation for on-time project execution and exceptional value delivery to both residents and global investors.Dubai Defies Global Slowdowns with Structural Demand
With only 27,000 housing units completed in 2024 and over 170,000 still under construction, Dubai is experiencing a sustained supply-demand gap. The city’s real estate remains buoyant due to structural drivers such as tax-free income, investor-friendly policies, top-tier infrastructure, and unparalleled lifestyle advantages.
Mr. Rizwan Sajan, Founder and Chairman of Danube Properties, attributed Dubai’s continued dominance to its economic resilience. “Despite world headwinds, Dubai’s property market is not just expanding, it is booming. We are witnessing a steady influx of foreign investors drawn by long-term value, rental yields, and government-backed stability,” he said.Danube’s Consistent Track Record in 2024 and 2025
In the last 18 months alone, Danube has launched and sold out multiple landmark developments including Diamonz, Pearlz, and Opalz. Each project has not only reached full occupancy but has been delivered ahead of schedule, highlighting Danube’s operational strength and its commitment to timely delivery.
“Our reputation is built on trust. Every project is a promise we make and keep. Our customers know that when they buy a Danube home, they are investing in quality, value, and timely execution,” said Mr. Sajan.
Franchise of Affordable Luxury and Construction Value
Danube’s signature developments — including Gemz, Jewelz, Eleganz, Elz, Glitz, Bayz, and Dreamz — have redefined affordable luxury. Each project is outfitted with premium home interior finishes, landscaped outdoor areas, fitness and wellness amenities, and flexible payment structures that appeal to both end-users and investors.
Currently, Danube Properties commands a book value with ongoing construction covering over 25.5 million square feet across the emirate. The company’s product mix and pricing strategy have attracted mid-income buyers, allowing for fast sell-outs and limited inventory carry forward.Dubai’s Broader Economic Outlook Supports Real Estate
Beyond residential sales, Dubai’s warehousing and hospitality sectors are operating at near full capacity, indicating broad-based economic resilience. Hotel occupancy rates remain high, and the retail sector continues to benefit from an influx of tourists and new residents.
Government initiatives supporting visa liberalization, business registration, and foreign direct investment continue to act as key catalysts for real estate absorption.About Danube Properties
Danube Properties is the real estate development arm of the Danube Group. The company has launched 34 residential projects across Dubai, with 18 already delivered and 16 in various stages of development. Known for high quality construction, ahead-of-schedule completion, and flexible payment plans, Danube serves as a benchmark in mid-segment real estate value creation in the GCC.
Website: https://www.danubeproperties.aeAt Prittle Prattle News, we honor your dedication and inventiveness led by showcasing you in a positive light. Under the direction of Editor-in-Chief Smruti Bhalerao, our platform is committed to disseminating powerful narratives that raise awareness and motivate change. For more important stories, follow us on LinkedIn, Instagram, and YouTube.
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Bata India Reports Q4 FY25 Results with Continued Volume Growth and Inventory Optimization
Franchise expansion, digital agility, and consumer-first merchandising strengthen operational resilience
Bata India Ltd., India’s most recognized footwear brand, has announced its financial results for the quarter ended March 31, 2025. The company reported consolidated revenue from operations of ₹787.77 crore for Q4 FY25, reflecting a marginal dip from ₹797.67 crore in Q4 FY24. Operating profit for the quarter stood at ₹37.41 crore, compared to ₹58.26 crore in the corresponding period last year.
Despite macroeconomic headwinds, Bata India delivered volume-led growth, supported by strong performance in its franchise and e-commerce channels. The company’s total retail footprint reached 1,962 stores, driven by the expansion of franchise-operated outlets, particularly in semi-urban markets.Inventory Tightening and Merchandising Agility Lead Operational Gains
The quarter marked the second consecutive period of volume-led growth. Bata implemented multiple merchandising and inventory initiatives, including an expansion of its Zero Base Merchandising Project to 146 stores. This project improved store-level consumer engagement and revenue per square foot.
Gross inventory was reduced by 15 percent and stood at ₹815.06 crore as of March 31, 2025. Management highlighted sharper forecasting models and tighter stock rotation across categories, resulting in higher inventory agility and reduced complexity.
Dividend Payout Reaffirms Confidence in Business Outlook
The board recommended a final dividend of ₹9 per equity share, subject to shareholder approval. Including the interim dividend of ₹10 per share paid in September 2024, the total dividend payout for FY25 stands at ₹24.42 crore.
The dividend declaration underscores the company’s strong cash position, despite flat topline growth, and reflects continued focus on shareholder value creation.Strategic Commentary
Managing Director and CEO Gunjan Shah noted that FY25 was a transitional period for the industry but that Bata’s long-term strategies are beginning to show results. “Our merchandising, affordability, and store expansion strategies have helped us gain volumes, especially in tier two and tier three cities. We remain focused on demand-led agility and leaner inventory structures,” he said.
Shah added that the company is cautiously optimistic about consumption recovery and is preparing for an uptick by streamlining fresh merchandise deployments across both owned and franchised outlets.
FY25 Business Highlights- Bata India added 19 franchise stores during the quarter
- Expanded reach in semi-urban and town-level retail clusters
- Sustained e-commerce traction across D2C and marketplace platforms
- Strengthened operational metrics across inventory turnover and revenue per square foot
- Maintained leadership in multi-brand retail, serving over 2.6 lakh customers daily in 2024
About Bata India
Founded in 1931, Bata India Ltd. is the country’s largest footwear manufacturer and retailer. With more than 1,900 stores and a network of multi-brand and digital partners, the company sells nearly 50 million pairs of footwear annually. Its portfolio includes brands like Bata Red Label, Bata Comfit, Power, NorthStar, Floatz, Bubblegummers, and Hush Puppies.
Bata India operates with a mission to make global fashion accessible to every Indian customer through an omni-channel ecosystem of stores, e-commerce, and distribution alliances.At Prittle Prattle News, we honor your dedication and inventiveness led by showcasing you in a positive light. Under the direction of Editor-in-Chief Smruti Bhalerao, our platform is committed to disseminating powerful narratives that raise awareness and motivate change. For more important stories, follow us on LinkedIn, Instagram, and YouTube
- Bata India added 19 franchise stores during the quarter
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Tata Elxsi Unveils Battery Aadhaar at Battery Summit 2025 to Strengthen India’s Circular Energy Transition
The MOBIUS+ powered platform enables traceability, regulatory alignment, and lifecycle transparency for the national battery ecosystem
Tata Elxsi, a global leader in design and engineering innovation, presented its technology demonstrator Battery Aadhaar at the Battery Summit 2025 hosted by the World Resources Institute India. Developed under a consortium-led program supported by NITI Aayog and the Department of Science and Technology, Battery Aadhaar is India’s first integrated digital framework for battery lifecycle visibility, traceability, and compliance.
Battery Aadhaar assigns secure digital identities to batteries, allowing ecosystem stakeholders to monitor each unit’s manufacturing source, usage history, and recycling path. The technology is intended to support India’s emerging battery management regulations and contribute to safe reuse, material circularity, and environmental accountability.
Collaborative Consortium Showcases Vision for a Sustainable Battery Economy
In collaboration with consortium members including Tata Motors, Tata AutoComp Systems, IIT Kharagpur, WRI India, LOHUM Cleantech, NUNAM Technologies, and Oorja Energy, Tata Elxsi showcased the platform to key stakeholders including Dr. Jitendra Singh, Minister of State for Science and Technology.
Together, the consortium aims to accelerate India’s preparedness for second-life battery usage and responsible disposal by creating a system where every battery can be uniquely tracked through a secure, interoperable digital passport.Powered by MOBIUS+ for Regulatory Alignment and Global Adaptability
The backbone of Battery Aadhaar is Tata Elxsi’s platform MOBIUS+, which offers modular tools for digital traceability, compliance automation, and battery analytics. It features blockchain-powered record keeping, AI-driven regulatory interpretation, and real-time dashboard views for regulators, OEMs, recyclers, and consumers.
According to Anil Radhakrishnan, Chief Product Officer at Tata Elxsi, MOBIUS+ was designed to simplify battery regulation by turning lifecycle data into actionable compliance reports. “Our goal is to make battery traceability real and scalable for India while staying in sync with international norms,” he stated.Demonstration Highlights from Battery Summit 2025
At the event, delegates experienced a hands-on showcase including:- Digital battery ID creation and verification
- Lifecycle and material origin mapping
- Public and private data interfaces for different user roles
- QR-code based access to battery health and compliance summaries
- Each module supports real-time analytics for residual useful life estimation, safety ratings, and energy reuse qualification
Compliance with Indian and International Battery Norms
Battery Aadhaar has been designed to integrate with India’s Battery Waste Management Rules. It is also built for compatibility with evolving international regulations including the European Union Battery Regulation 2023, UNECE digital vehicle passport standards, and the Global Battery Alliance framework.
Through its open architecture, the system allows seamless collaboration between OEMs, battery makers, recyclers, fleet operators, and national compliance authorities.Technology for Circularity and Data Integrity
The MOBIUS+ platform uses blockchain to secure audit trails for all lifecycle events. It also includes an AI Copilot to assist with regulation interpretation and automated reporting. The goal is to reduce errors, prevent fraud, and deliver verifiable records across the battery lifecycle.
Key advantages include:- Regulatory audit readiness across jurisdictions
- Supply chain-wide traceability for raw materials and recycling
- ESG alignment and support for EPR tracking
- Scalability for two-wheeler, automotive, and stationary batteries
India’s Battery Ecosystem Steps into the Digital Era
Battery Aadhaar is positioned to become a digital backbone for India’s energy storage sector. With EV penetration rising and policy pushing for second-life applications, this initiative provides a real-time, data-verified infrastructure to ensure safety, accountability, and performance optimization.
The launch of Battery Aadhaar reflects Tata Elxsi’s commitment to advancing India’s clean energy agenda through scalable digital innovation.
Tata Elxsi is a global product design and technology services company with leadership in automotive, healthcare, and energy transformation. The company supports customers across more than 30 countries with integrated design studios, engineering labs, and cloud-native digital platforms.At Prittle Prattle News, we honor your dedication and inventiveness led by showcasing you in a positive light. Under the direction of Editor-in-Chief Smruti Bhalerao, our platform is committed to disseminating powerful narratives that raise awareness and motivate change. For more important stories, follow us on LinkedIn, Instagram, and YouTube.
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Supriya Lifescience Delivers Record FY25 Performance with 22 Percent Revenue Growth and 38 Percent Surge in Q4 PAT
Expansion in global markets, backward integration, and therapeutic focus drive earnings momentum across quarters
Supriya Lifescience Ltd., a global leader in active pharmaceutical ingredients (APIs), has reported its highest-ever annual revenue of ₹696.48 crore in FY25, marking a 22 percent year-on-year growth over ₹570.37 crore posted in FY24. The company also recorded a 57.8 percent increase in profit after tax for the full year, which stood at ₹187.96 crore compared to ₹119.11 crore in the previous year.
EBITDA for the year was ₹260.80 crore, with margins expanding to 37.4 percent from 30.3 percent in FY24. Quarterly earnings also saw strong performance. In Q4 FY25, revenue rose to ₹184.11 crore, up 16.4 percent year-on-year. Profit after tax for the quarter reached ₹50.38 crore, up 38.4 percent from ₹36.40 crore in Q4 FY24.
These results reflect the company’s strategic execution in high-value therapeutic APIs and its growing footprint across 86 global markets.EBITDA Margin Expansion Reflects Operational Control
For FY25, Supriya Lifescience reported a 712 basis point improvement in EBITDA margin, rising to 37.4 percent from 30.3 percent in the previous year. This is attributed to better product mix, efficiencies in manufacturing, and scale gains from increased exports.
The Q4 margin also improved to 36.7 percent from 35.1 percent in Q4 FY24. The company’s quarterly earnings per share increased to ₹6.29 from ₹4.59 in the same period last year, further reflecting profitability traction.Strategic Leadership Commentary
Chairman and Whole-Time Director Dr. Satish Wagh commented, “FY25 has been a landmark year for Supriya Lifescience, reflecting the strength of our diversified product portfolio, resilient global operations, and consistent focus on operational excellence. With ₹697 crore in annual revenue and ₹261 crore in EBITDA, we are delivering sustainable growth backed by deep therapeutic capabilities.”
Dr. Wagh emphasized that the company’s focus on anti-histamine, vitamin, anesthetic, and anti-asthmatic APIs continues to support profitability across regulated and semi-regulated markets.Therapeutic Focus and Market Penetration
Supriya Lifescience maintains a diversified therapeutic base with core focus areas that include antihistamines, anti-allergic medications, anesthetics, and vitamin-based APIs. The company serves more than 1,200 customers globally and operates in 86 countries.
Its strong presence in regulated markets such as Europe, Canada, Brazil, and Southeast Asia is supported by global accreditations from USFDA, EUGMP, PMDA Japan, TGA Australia, WHO, and others.
The company also reported increased penetration in Latin America and emerging regions with backward integrated manufacturing of key intermediates, which improves cost control and product traceability.Strong Compliance Backed by Global Certifications
Supriya Lifescience’s manufacturing facility in Khed, Ratnagiri is fully cGMP compliant and certified by global regulators including the USFDA, EUGMP, EDQM, Health Canada, and NMPA China. The company holds 14 US Drug Master Files (USDMFs) and eight active Certificates of Suitability (CEPs) for the European market.
Its regulatory strength has been instrumental in forging exclusive contracts with innovator companies and in-house product development partnerships with global Contract Manufacturing Organizations (CMOs).
Key FY25 and Q4 Financials- FY25 revenue was ₹696.48 crore, up from ₹570.37 crore in FY24
- EBITDA for FY25 reached ₹260.80 crore, compared to ₹172.98 crore last year
- PAT increased to ₹187.96 crore, a growth of 57.8 percent
- PAT margin rose to 27.0 percent from 20.9 percent
- Q4 revenue was ₹184.11 crore, up from ₹158.18 crore
- Q4 PAT stood at ₹50.38 crore, up from ₹36.40 crore, with a margin of 27.4 percent
Research, Innovation, and Pipeline
The company is focused on expanding its pipeline of differentiated APIs and entering the high-barrier CDMO space. With a dedicated R&D center and process development team, Supriya Lifescience is currently working on 10 new molecules across oncology and central nervous system categories.
It is also ramping up its filings for CEPs and USDMFs for a new set of APIs in response to rising demand from contract development clients.ESG and EHS Commitments
Supriya Lifescience continues to operate with strong environmental, health, and safety compliance standards. The company has implemented energy optimization, water reuse systems, and sustainable sourcing practices across its facilities. Employee welfare and ethical manufacturing are cornerstones of its long-term business ethos.
About Supriya Lifescience Ltd.
Founded in 1987 and headquartered in Mumbai, Supriya Lifescience Ltd. is a globally recognized manufacturer of active pharmaceutical ingredients. Its product portfolio spans anti-allergic, antihistamine, anesthetic, and vitamin APIs. The company operates a WHO-GMP, USFDA, and EU-compliant manufacturing plant in Khed, Ratnagiri, Maharashtra.
Website: https://www.supriyalifescience.comAt Prittle Prattle News, we honor your dedication and inventiveness led by showcasing you in a positive light. Under the direction of Editor-in-Chief Smruti Bhalerao, our platform is committed to disseminating powerful narratives that raise awareness and motivate change. For more important stories, follow us on LinkedIn, Instagram, and YouTube.
- FY25 revenue was ₹696.48 crore, up from ₹570.37 crore in FY24
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Piccadily Launches ‘Cashmir’: India’s First Small-Batch Luxury Vodka Made With Heritage Winter Wheat and Glacial Kashmir Water
The makers of Indri single malt and Camikara rum unveil a rare expression of Indian terroir and purity in the form of ultra-premium vodka
Piccadily Agro Industries Ltd., the award-winning spirits producer behind Indri and Camikara, has unveiled Cashmir, India’s first ultra-premium, small-batch vodka distilled from heritage organic Indian winter wheat and pristine glacial water sourced from the Kashmir Valley.
Cashmir marks the company’s entry into the luxury white spirits segment, where purity of source, elegance of design, and cultural symbolism converge. The vodka is distilled seven times to achieve a velvety, clean finish and will be made available in select Indian and international markets.
This launch is a significant move in Piccadily’s vision to elevate Indian spirits globally by emphasizing origin, craftsmanship, and natural purity.Rooted in Heritage and Made for Global Luxury
Cashmir is distilled using heirloom, non-GMO Indian winter wheat grown using sustainable practices. Its defining ingredient is the glacial water sourced from the Kashmir Valley, celebrated for its mineral richness and untouched clarity. At 42.8 percent ABV, the vodka reflects both structure and smoothness—traits that appeal to connoisseurs who seek balance, not burn.
Master Blender Surrinder Kumar shared that this expression is a personal homage. “Cashmir Vodka is my tribute to the breathtaking land of Kashmir—a region that shaped my palate and perspective. This vodka captures its beauty, stillness, and soul,” he said.Cashmir: The Design of Taste and Poetry
Every element of Cashmir speaks to Kashmir’s romantic imagery. From the floating shikaras of Dal Lake to the saffron fields of Pampore, each visual detail has informed the aesthetic philosophy of the spirit. Cashmir’s branding merges Indian craftsmanship with understated European luxury codes, positioning it alongside the world’s finest vodka labels.
The palate is designed to deliver structured smoothness. Each sip reveals a soft entry, mellow mid-palate, and a clean mineral finish. The use of seven-pass distillation, without charcoal filtration, preserves the botanical neutrality while enhancing the spirit’s mouthfeel.
Piccadily’s Statement of Intent in Vodka
Piccadily Agro’s portfolio already includes Indri-Trini, India’s most awarded single malt, and Camikara, the only Indian rum to win a global gold medal. With Cashmir, the company is signaling that India can produce white spirits to rival the best from Poland, Russia, or France.
Praveen Malviya, CEO (IMFL), explained that Cashmir was a natural evolution in the company’s journey. “We are placing Indian spirits on the global luxury map. Cashmir embodies richness, restraint, and rootedness—everything today’s luxury consumers seek,” he said.Positioned for Premium Growth in Domestic and Global Markets
Cashmir will initially debut in high-end outlets in Delhi NCR, Mumbai, Goa, and select export markets including the UAE, Singapore, and Europe. The pricing will be disclosed on request and will vary based on local taxation and supply channel regulations.
The brand is targeting both hospitality partners and discerning home consumers looking for clean-label, heritage-led spirits. It is expected to appeal to premium whisky drinkers who also value vodka for its mixability and modernity.
India’s Luxury Spirits Market Finds Its Voice
India’s premium vodka market has seen double-digit growth over the last three years, fueled by a younger audience seeking clarity, craft, and cultural authenticity. The launch of Cashmir coincides with a growing preference for spirits with provenance and purpose.
Cashmir is the first vodka in India to emphasize the terroir of wheat and source water in its storytelling. Its name pays homage to Kashmir’s poetic identity while the product itself redefines Indian luxury with confidence and calm.About Piccadily Agro Industries Ltd.
Piccadily Agro Industries Ltd. (BSE: PICAGRO) is a publicly listed company with operations in malt spirits, ethanol, and sugar. Its flagship brands include Indri-Trini single malt whisky, Camikara sugarcane rum, and now Cashmir vodka. The company operates a 168-acre manufacturing facility in Indri, Haryana and is known for its vertically integrated production capabilities.At Prittle Prattle News, we honor your dedication and inventiveness led by showcasing you in a positive light. Under the direction of Editor-in-Chief Smruti Bhalerao, our platform is committed to disseminating powerful narratives that raise awareness and motivate change. For more important stories, follow us on LinkedIn, Instagram, and YouTube
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Operation Sindoor: Inside the Coordinated Cyber Offensive That Targeted India’s Digital Infrastructure
State-sponsored threat actors and hacktivists converged to launch one of the most synchronized cyber disruptions witnessed in Indian cyberspace
A joint threat report by Seqrite Labs and Quick Heal Technologies has confirmed that a cyber campaign dubbed Operation Sindoor disrupted critical Indian digital infrastructure through a wave of highly targeted, hybrid warfare tactics. The coordinated campaign unfolded from 5 to 11 May 2025 and involved advanced persistent threat actors, Telegram-coordinated hacktivist groups, and data manipulation operations aimed at undermining trust in India’s cybersecurity readiness.
Triggered initially by spear-phishing attacks masquerading as official defense documents, the campaign rapidly escalated into defacement of government websites, denial-of-service attacks on telecom and finance platforms, and the deployment of modular malware by Pakistan-linked threat groups.Operation Timeline and Attack Vectors
The earliest signals appeared on April 17 when Indian cybersecurity systems flagged anomalous traffic targeting mail servers and defense networks. The payloads were disguised as documents tied to sensitive topics. Files titled “Final_List_of_OGWs.xlam” and “Pahalgam_Incident_Timeline.pptx.lnk” weaponized public narratives around recent terror incidents to lure users into executing macros that enabled command-and-control activity.
Between May 5 and May 11, Seqrite telemetry recorded over 650 confirmed incidents involving website defacements and distributed denial-of-service attacks. Key infrastructure systems across telecom, healthcare, education, and defense were disrupted during this window.APT36: From Crimson to Ares
Advanced Persistent Threat 36 (APT36), a Pakistan-aligned actor previously known for deploying Crimson RAT, has evolved. The report reveals that APT36 shifted to a more evasive malware framework named Ares, which enabled full remote access to compromised systems, including keylogging, screen capture, credential theft, and file manipulation.
The group used spear phishing attachments containing malicious macro-enabled file types such as .ppam, .xlam, .msi, and .lnk. These files triggered web requests to domains like fogomyart[.]com and callback communications to 167.86.97[.]58:17854. Payloads were delivered through spoofed Indian-sounding domains like nationaldefensecollege[.]com and zohidsindia[.]com.
APT36 employed techniques that included obfuscated PowerShell execution, scheduled tasks for persistence, and use of signed binaries (LOLBins) to avoid detection.Hacktivist Coordination Through Telegram and Dark Web
While APT36 carried out espionage-grade intrusions, parallel disruptions were launched by a shadow network of hacktivists across Asia, Europe, and the Middle East. More than 35 groups participated, many of which used Telegram to synchronize attacks under banners like #OpIndia and #OperationSindoor.
These collectives executed simultaneous DDoS waves, defacements, and credential leaks. Groups like Mr. Hamza, Nation of Saviors, Keymous+, and the Islamic Hacker Army were involved, with coordinated actions across Indian defense, telecom, and media entities.
A timeline visual on page 5 of the report shows how these groups launched phase-wise attacks beginning at 1:52 AM IST on May 7, with escalating strikes every 60 to 90 minutes.Infrastructure Deception and Digital Spoofing
Domains registered under names such as pahalgamattack[.]com and sindoor[.]website were used to serve payloads and redirect traffic. These domains mimicked military and disaster response infrastructure, exploiting trust and urgency among users.
As per the report, VPS infrastructure used for command-and-control originated from Russia, Germany, Indonesia, and Singapore, pointing to a globally distributed, anonymized attack platform.
Targeted Sectors and Confirmed Impact
The campaign focused its attacks on eight key verticals. According to a sectoral pie chart on page 6, the highest impact was reported in:- Defense and military institutions including MoD, Army, Navy, and DRDO
- Government IT systems like NIC and GSTN
- Telecom providers including Jio and BSNL
- Healthcare facilities such as AIIMS and DRDO hospitals
- Educational boards and state-run university websites
In several cases, attacker groups successfully defaced public portals and leaked internal credentials on public channels and forums.
Custom Malware and Detection Rules
The forensic breakdown identifies six custom detection signatures used by Ares and SideCopy loaders. Among them:- BAT.Sidecopy.49534.GC: loader script
- LNK.Sidecopy.49535.GC: shortcut-based macro injector
- MSI.Trojan.49537.GC: installation-based Trojan
- HTML.Trojan.49539.GC: credential harvesting form
These were detected and neutralized by 26 detection rules deployed across Seqrite XDR and endpoint products, which were pushed via emergency advisories between May 7 and May 10
Research Reflections and National Implications
The Seqrite team noted that this attack demonstrated how hybrid threat models now involve both technical intrusions and psychological warfare. Operation Sindoor represents one of the most digitally coordinated geopolitical offensives in South Asia’s recent cyber history.
The campaign blurred the line between espionage and hacktivism, with strategic use of fake domains, document impersonation, and timed strikes. The psychological objective appeared to be the erosion of public trust in digital systems, amplified through visible defacements and delays in public services.
Post-Campaign Analysis and National Response
In its conclusion, Seqrite Labs emphasized the need for deeper integration between government and private cybersecurity operations. Enhanced threat intelligence capabilities, rapid incident response playbooks, and hardening of public-facing infrastructure were recommended as immediate priorities.
Cybersecurity agencies have since deployed forensic audits across the most affected domains and are investigating potential data exfiltration channels. Reports suggest that sensitive internal documents and access credentials were extracted from several critical systems.
Seqrite is the enterprise cybersecurity arm of Quick Heal Technologies. It offers endpoint, network, and cloud protection to businesses and government institutions in over 80 countries. The company operates multiple threat intelligence centers and regularly issues public threat advisories through its blog and STIX/MISP integrations.At Prittle Prattle News, we honor your dedication and inventiveness led by showcasing you in a positive light. Under the direction of Editor-in-Chief Smruti Bhalerao, our platform is committed to disseminating powerful narratives that raise awareness and motivate change. For more important stories, follow us on LinkedIn, Instagram, and YouTube.
- Defense and military institutions including MoD, Army, Navy, and DRDO
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GROWiT Raises $3 Million in Series A Round Led by GVFL to Expand Sustainable Farming Solutions Across India and Africa
With a CAGR of 60 percent and India’s first pocket-sized soil testing device, the agritech pioneer strengthens climate-resilient innovation and R&D scale-up
GROWiT India Pvt. Ltd., a soil-to-harvest agritech company, has secured $3 million in its Series A round led by climate-tech-focused GVFL. The funding round also saw participation from Veloce Opportunities Fund, JITO Angel Network, We Founder Circle, Sunicon Ventures Fund, Progrowth Ventures, and Hyderabad Angels.
The funds will be strategically deployed to expand GROWiT’s presence across rural and emerging agricultural markets, particularly Africa and Southeast Asia. The company also plans to invest heavily in R&D, product digitization, and scalable technology infrastructure to support climate-resilient farming.
With a compounded annual growth rate between 50 and 60 percent over the past three years, GROWiT is now looking to accelerate market penetration and double its active farmer base from 2.25 lakh to over 5 lakh within the next two years.Climate-Smart Solutions at the Core of GROWiT’s Product Strategy
Founded in 2020 by Saurabh Agarwal, GROWiT provides integrated soil-to-harvest solutions for smallholder and marginal farmers. Its key offerings include mulch films, crop covers, weed mats, and India’s first pocket-sized soil health testing device. Launched in April 2025, this tool allows farmers to analyze soil composition and access AI-based crop recommendations in under 10 minutes.
Agarwal explained that affordable innovations are key to solving the low-yield and high-cost paradox in Indian agriculture. “Our goal is to make climate-resilient, high-productivity farming tools widely accessible. We combine real-time soil data, localized agronomy support, and protective farming solutions to deliver more yields at lower costs,” he said.Market and Investor Validation
Lead investor GVFL, headquartered in Ahmedabad, focuses on backing social impact startups across climate tech, clean energy, agritech, and circular economy domains. The fund has made over 125 investments and exited 75 ventures.
Managing Director Mihir Joshi noted that agriculture remains one of India’s most under-digitized sectors. “GROWiT’s deep innovation portfolio and rural franchise model are solving this access gap at scale. We believe their approach to data-led, sustainable farming will set the standard for this category,” he stated.
Franchise Model and Geographic Reach
GROWiT operates a grassroots distribution model through more than 650 physical franchise stores across 12 Indian states. These stores act as farmer advisory centers, offering agronomic support, product trials, and financing linkages. Each outlet is staffed with local agripreneurs who receive product training, branding support, and field deployment tools.
This last-mile model has enabled the company to directly onboard more than 2.25 lakh farmers, many of whom previously lacked access to modern tools or soil diagnostics. Farmers who adopted GROWiT technologies have reported yield increases between 40 and 60 percent, with some regions recording up to 100 percent improvement.Product Innovation and Pipeline
Beyond its soil testing device, GROWiT is developing app-based agronomy solutions and portable irrigation tools. It is also scaling its analytics platform to integrate satellite data and machine learning models that can offer predictive insights for disease risk, nutrient deficiencies, and irrigation needs.
Its mulch films and weed control mats are designed to reduce chemical dependency and improve moisture retention, making them ideal for small plots and climate-stressed regions. All products are ISO certified and tested in field conditions with input from agricultural universities.
Positioning for International Expansion
While India remains GROWiT’s core market, the company is preparing to launch pilot programs in Kenya, Ghana, and the Philippines. These regions face similar agricultural constraints, including soil degradation, fragmented farm holdings, and monsoon-related risks.
The startup’s export strategy will focus on affordable, containerized kits that combine physical products with app-based diagnostics. Initial trials in East Africa have shown promising results, and formal distribution partnerships are under negotiation.Sector Landscape and Strategic Vision
India’s agritech market is projected to reach $35 billion by 2027. The sector is now being shaped by a convergence of climate urgency, farmer awareness, and digital transformation. GROWiT’s vision is to become the most trusted name in protective farming by helping farmers increase productivity while preserving soil health and water efficiency.
The company has already filed patents for two of its core diagnostic tools and is expanding its research partnerships with Indian Council of Agricultural Research affiliates and global soil science institutes.
Founded in 2020 and headquartered in Surat, GROWiT India Pvt. Ltd. is an award-winning agritech company offering protective farming technologies from soil to harvest. With 650+ franchise outlets and a presence across 12 states, the company supports over 225,000 farmers.
Its mission is to double Indian farm output by 2030 through accessible, affordable, and climate-resilient innovation.At Prittle Prattle News, we honor your dedication and inventiveness led by showcasing you in a positive light. Under the direction of Editor-in-Chief Smruti Bhalerao, our platform is committed to disseminating powerful narratives that raise awareness and motivate change. For more important stories, follow us on LinkedIn, Instagram, and YouTube.
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AJAX Engineering Crosses ₹2,000 Cr Revenue in FY25 with 16 Percent PAT Growth and New Capacity Pipeline
Self-Loading Concrete Mixer leader accelerates B2B strategy, expands dealer footprint, and prepares for launch of Adinarayanahosahalli plant in FY26
AJAX Engineering Ltd., India’s premier concreting equipment manufacturer, has announced a robust financial performance for FY25. The company posted a 19 percent increase in revenue from operations, reaching ₹2,074 crore, and a 15.5 percent year-on-year rise in profit after tax, which stood at ₹260 crore.
This marks the first time AJAX has crossed the ₹2,000 crore revenue threshold, solidifying its leadership in the self-loading concrete mixer segment, where it holds a 75 percent domestic market share. Its earnings before interest, taxes, depreciation, and amortization for the year came in at ₹318 crore, up from ₹276 crore last year.
Managing Director and CEO Shubhabrata Saha credited the company’s growth to strategic resilience amid industry-wide regulatory shifts. He highlighted AJAX’s early compliance with the new CEV-5 emission norms and the successful introduction of compliant models ahead of schedule.Quarter Four Performance and Margin Trends
For Q4 FY25, AJAX reported ₹756 crore in revenue, a 15 percent year-on-year increase. Quarterly EBITDA rose slightly to ₹111 crore from ₹109 crore in Q4 FY24. Net profit for the quarter reached ₹91 crore, reflecting a 3 percent increase. Despite strong revenue growth, EBITDA and PAT margins saw minor declines due to transitional investments in capability building and regulatory compliance.
Chief Financial Officer Tuhin Basu noted that both the SLCM and non-SLCM businesses grew 18 percent year-on-year. Spares and services revenue increased by 33 percent, while exports surged by 29 percent. He added that margin recovery is expected in FY26 as ongoing investments begin to yield operational leverage.
Strengthening the Core: Product Innovation and Network Expansion
AJAX continued to enhance its product portfolio during FY25. It remains the only Indian company with indigenous development of a commercial-grade 3D concrete printer and an in-house slip-form paver. These additions strengthen its leadership beyond the SLCM category, enabling it to address advanced paving and construction needs in emerging infrastructure segments.
The company expanded its dealer network to 51 domestic dealers and 26 international distributors, serving customers in over 48 countries. Its international presence includes operations across South Asia, Southeast Asia, Africa, and the Middle East.Adinarayanahosahalli Plant and Capacity Expansion Roadmap
AJAX is on track to commission its new plant at Adinarayanahosahalli in the second quarter of FY26, with commercial production scheduled for the latter half of the year. This facility will significantly enhance production capacity and enable greater manufacturing flexibility.
Saha confirmed that this expansion will support the company’s B2B-focused strategy, which includes a dedicated go-to-market approach for institutional buyers outside of the SLCM segment. AJAX expects to scale up its non-SLCM revenue contribution substantially over the next two years.
Emission Norms and Regulatory Compliance
One of the defining challenges of FY25 was the industry-wide shift from CEV-4 to CEV-5 emission standards. AJAX took a proactive approach by ramping up its CEV-4 inventory ahead of the regulatory deadline and launching CEV-5 models early. These newer models accounted for nearly one-third of total unit sales in Q4.
This regulatory preparedness not only minimized disruption but also positioned AJAX as a compliance leader in the Indian construction equipment market.Strategic Outlook
With a robust cash position and a lean working capital model, AJAX is well positioned to invest in innovation and expansion. The management team confirmed that growth initiatives will continue to be balanced by financial prudence, ensuring long-term value creation.
Looking ahead, AJAX is focused on leveraging its R&D capabilities to expand into new product categories, enhance service revenue, and deepen its global market footprint. Leadership expects to maintain double-digit growth across revenue and earnings metrics in FY26.
About AJAX Engineering Ltd.
Founded in 1992 and headquartered in Bengaluru, AJAX Engineering Ltd. is a leading manufacturer of self-loading concrete mixers and a wide range of construction equipment. The company operates world-class manufacturing plants at Doddaballapur and Gowribidanur in Karnataka and is known for its end-to-end solutions in concrete production, transport, and pavement.
Its product suite includes self-loading mixers, batching plants, transit mixers, boom pumps, slip-form pavers, and stationary pumps. The company maintains a customer support network across more than 100 service points and exports to over 20 countries.At Prittle Prattle News, we honor your dedication and inventiveness led by showcasing you in a positive light. Under the direction of Editor-in-Chief Smruti Bhalerao, our platform is committed to disseminating powerful narratives that raise awareness and motivate change. For more important stories, follow us on LinkedIn, Instagram, and YouTube.