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Category: Business

  • Airport transit hospitality at IGI gets tech upgrade as Encalm integrates Hotelogix system

    Vikas Sharma, Group Chief Executive Officer of Encalm Hospitality Pvt. Ltd., and Sivaprasad Gangadharan, Chief Sales Officer of Hotelogix, comment on the deployment of a cloud based property management system at Indira Gandhi International Airport

    Delhi, 11 February 2026: Airport linked hospitality services at Indira Gandhi International Airport are undergoing a technology upgrade as Encalm Hospitality Pvt. Ltd. integrates a cloud based Hotel Property Management System from Hotelogix across its transit hotel operations.
    Encalm Hospitality, the exclusive operator of the transit hotel at IGI Airport in New Delhi, manages premium lounges, transit accommodation, meet and assist services, and concierge operations. The company also operates at airports in Hyderabad and Goa and has outlined expansion plans in India and overseas markets.

    The newly deployed system is designed to centralise operations and support high frequency short stay bookings, including hourly room sales. Transit hotels located inside or near airports often operate on compressed guest cycles, serving business travellers, airline crew, and passengers during layovers or delays. Selling rooms by the hour allows operators to generate multiple bookings within a single day.
    Vikas Sharma, Group Chief Executive Officer of Encalm Hospitality Pvt. Ltd., said the company selected Hotelogix for its understanding of airport hospitality requirements. He said the platform supports end to end operational management, including hourly bookings, and enables central oversight of properties at and near airports. He added that the system provides operational control and flexibility required to manage growing airport linked operations.

    The hourly booking model continues to gain traction globally. Industry estimates indicate that the segment is projected to expand significantly by 2027. In India, approximately 15 to 20 percent of hotels, primarily near airports, railway stations, and corporate hubs, have introduced hourly room formats.
    Sivaprasad Gangadharan, Chief Sales Officer of Hotelogix, said airport hotels depend on efficient systems to manage high guest turnover and short stay formats. He said the company aims to support hospitality providers in improving operational efficiency while maintaining consistent guest service standards.

    Hotelogix serves more than 12,000 hotels across over 100 countries and supports approximately 400,000 hotel rooms in India through its cloud PMS and AxisRooms distribution solutions. The company is headquartered in Singapore with offices across the United States, India, the UAE, Thailand, and the Philippines.

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  • Solar Capacity of 69.51 MWp Takes Shape Across Two States Through Bondada Engineering Projects

    Rear Admiral R Sreenivas, VSM Retired, Chief Executive Officer of Bondada Group, explains how coordinated execution across Maharashtra and Tamil Nadu supported recent solar project outcomes

    Solar infrastructure activity spanning Maharashtra and Tamil Nadu moved into an operational phase during January 2026 through project execution undertaken by Bondada Engineering Limited, contributing a combined solar capacity of 69.51 MWp across multiple location.
    The projects were delivered for a mix of public and private sector clients, including Paradigm IT, MAHAGENCO, and NLC India Limited. Work was carried out at several sites in Maharashtra, including Hingoli, Achalpur, Bhusawal, and Vajiapur, alongside project execution at Neyveli in Tamil Nadu. The spread of locations reflected a period of parallel activity across geographically distinct regions.

    Project progress during this phase was characterised by coordinated sequencing of site activities and closer alignment between engineering, procurement, and construction teams. Multiple sites advanced simultaneously under defined operational controls, allowing schedules to be maintained while addressing location specific requirements.
    Commenting on the execution phase, R Sreenivas, Chief Executive Officer of Bondada Group, said the outcomes demonstrated how structured planning and delivery oversight support scale across dispersed sites. He noted that managing several locations in parallel requires disciplined project management and maturing internal processes, particularly as renewable energy infrastructure expands across states.

    “The recent execution phase reflects the strength of our planning and delivery teams and our ability to coordinate work across multiple locations within defined timelines. As renewable energy deployment continues to expand, disciplined execution and operational governance remain central to sustaining scale and consistency,” he said.
    The completed capacity adds to the growing base of utility scale solar infrastructure supporting power generation in Maharashtra and Tamil Nadu. The projects align with broader national objectives focused on expanding renewable energy capacity and supporting India’s transition toward cleaner power systems.

    Bondada Engineering Limited continues to work across renewable energy segments with an emphasis on steady execution, compliance, and long term value creation, as infrastructure development progresses across diverse regional markets.
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  • Axis Bank Reorients MSME Credit Around Collateral Led Liquidity

    Bipin Saraf, Group Executive and Head Bharat Banking at Axis Bank, shares how secured overdrafts are reshaping small business financing

    As access to timely working capital remains a critical challenge for India’s Micro, Small, and Medium Enterprises, banks are increasingly recalibrating credit strategies to balance speed, risk management, and borrower flexibility. Within this evolving landscape, Axis Bank has introduced a secured overdraft facility for MSMEs that enables businesses to unlock liquidity against gold assets while maintaining operational continuity.
    The gold backed overdraft facility is available to individual entrepreneurs and sole proprietors, including both existing and new to bank customers. It is operational across more than 3,300 Axis Bank branches enabled for gold lending, offering widespread access to credit for small businesses across urban and semi urban markets.

    Eligible borrowers can access same day over the counter disbursement, with funds credited directly to their bank accounts. Loan amounts range from ₹50,000 to ₹1 crore, subject to eligibility criteria and internal policies. Structured as an overdraft, the facility requires borrowers to service only monthly interest, allowing greater flexibility in managing cash flows during business cycles.
    The documentation process has been kept limited, with requirements restricted to KYC, Udyam Registration or Assist Certificate, and either income tax returns or GST registration. Loans are extended against gold jewellery, enabling faster credit access without reliance on unsecured borrowing or lengthy approval processes.

    A defining feature of the facility is a loan to value of up to 82 percent, which is higher than standard market offerings while remaining aligned with regulatory norms. According to the bank, this higher eligibility is supported by disciplined underwriting practices, robust risk management frameworks, and stringent gold valuation and collateral monitoring systems. These controls are intended to ensure portfolio quality while expanding credit availability.
    Commenting on the approach to MSME lending, Bipin Saraf, Group Executive and Head Bharat Banking at Axis Bank, said, “Small businesses are central to India’s economic momentum, yet timely access to working capital remains a persistent challenge. By combining secured lending with speed and flexibility, we are enabling MSMEs to meet their business needs without disruption. Our focus remains on extending credit within prudent limits while maintaining strong risk governance.”

    The offering aligns with broader trends in India’s credit ecosystem, where secured lending and MSME financing are emerging as key growth drivers. Rising gold prices, alongside the need for short tenure and predictable working capital solutions, have increased the relevance of collateral backed credit for small businesses seeking liquidity without long term balance sheet strain.
    Through this initiative, Axis Bank aims to strengthen its MSME portfolio by offering credit solutions that respond to changing business needs while aligning with evolving credit market dynamics.

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  • Global construction firm deepens India presence as Turner International sets up new workspace with WeWork India in Airoli

    Jairam Panch of Turner International and Santosh Martin of WeWork India outline how a fully customised managed office supports scale, collaboration, and long term enterprise growth

    A new enterprise managed office in Airoli marks the next phase of expansion for Turner International India, as the global construction and project management firm strengthens its operations in the country through an expanded partnership with WeWork India.
    As part of the expansion, Turner International has established a 46,000 square foot managed workspace at WeWork Gigaplex in Airoli, Mumbai, with capacity for more than 650 professionals. The new facility reflects Turner’s long term commitment to India’s infrastructure and talent ecosystem, while also signalling the growing role of flexible, experience led workspaces in enterprise growth strategies.

    Turner’s decision to consolidate its teams in a large scale managed office highlights how enterprises are increasingly viewing workspace design as a strategic enabler of collaboration, culture, and operational agility. Exclusively designed for Turner, the office aligns with the company’s global standards while integrating WeWork India’s design capabilities and operational flexibility to support scale and evolving business needs.
    Jairam Panch, Chief Operating Officer, Turner International, said the new workspace reflects the company’s confidence in India and its people. He said the managed office goes beyond being a physical workplace and represents Turner’s continued investment in building an environment that supports collaboration, creativity, and excellence, while remaining aligned with how its India teams work and grow. He added that WeWork India has been a trusted partner in translating Turner’s culture and vision into a functional and inspiring workspace.

    Turner’s association with WeWork India began in 2022 with a 16 seat private office and has since evolved into an enterprise grade managed office solution. As Turner’s India operations expanded, the company sought a workspace that could support operational flexibility, employee convenience, and future growth, while maintaining a strong corporate identity. Based on these requirements, Airoli was identified as a location offering connectivity, access to talent, and a growing business ecosystem.
    The managed office combines Turner’s emphasis on precision with WeWork India’s design thinking. Features include an open layout to encourage collaboration, height adjustable workstations, meeting rooms with frameless glass fronts, and a café area designed to function as a multi purpose event space for meetings, presentations, and internal gatherings.

    Santosh Martin, Chief Revenue Officer, WeWork India, said the rise in demand for managed offices reflects a shift in how enterprises view workspaces, moving from purely operational assets to strategic drivers of performance and culture. He said Turner’s journey from a small private office to a large customised managed workspace illustrates how enterprises are adopting flexible models that balance efficiency, identity, and scalability. He added that WeWork India focuses on creating environments that help large organisations support growth while prioritising people and culture.

    With this addition, WeWork India continues to expand its footprint among enterprise clients. In Mumbai, enterprise members account for 76 percent of its member base across sectors such as technology, finance, media, and management. Operating across eight cities with more than one lakh desks and a membership base comprising nearly 74 percent enterprises, WeWork India continues to position flexible workspaces as a core component of modern business infrastructure in India.
    At Prittle PrattleNews, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedIn, Instagram, and YouTube for more stories that matter.

  • Value creation takes centre stage as private equity leaders outline India buyouts outlook at IVCA Summit 2026

    Amit Dalmia of Blackstone, Ashish Kotecha of Bain Capital, Parampreet Singh Bhasin of ChrysCapital, and moderator Anurag Gupta of EY Parthenon share perspectives on execution, governance, and exit readiness

    Mumbai, 10 February 2026: Senior leaders from India’s private equity ecosystem highlighted how structured value creation strategies are becoming central to buyouts as the market matures, during a panel discussion at the IVCA Buyouts Summit 2026.
    The session, titled Value Creation Playbook for Indian Buyouts, brought together Amit Dalmia, Senior Managing Director at Blackstone; Ashish Kotecha, Partner at Bain Capital; Parampreet Singh Bhasin, Managing Director and Head of Enhancin Portfolio Value Creation at ChrysCapital; and Anurag Gupta, Leader at EY Parthenon India, who moderated the discussion. The panel examined how private equity firms are adapting their operating models across the full buyout lifecycle, from deal execution and operational improvement to exit preparation.

    Amit Dalmia said Blackstone’s focus on business building has shaped its control oriented investment approach, enabling the firm to take active ownership positions in high quality companies. He said that over the past decade Blackstone has completed more than 40 control investments across Asia within its private equity business, with India emerging as one of its strongest markets globally. He added that founders and management teams are increasingly comfortable partnering with private equity firms that bring operational depth, management expertise, and a long term perspective that goes beyond capital infusion.

    Ashish Kotecha said disciplined value creation frameworks and early alignment with management teams have become critical to successful buyouts. He noted that Bain Capital’s evolution from minority investments to control transactions has been supported by embedding dedicated portfolio teams within companies. He said value creation begins from the outset, with structured planning, continuous refinement of strategy, and close coordination between investors and management throughout the investment cycle.

    Parampreet Singh Bhasin spoke about the evolution of operating models within Indian private equity and the increasing emphasis on execution and shared risk taking in buyouts. He said ChrysCapital built its operating capabilities nearly a decade ago to strengthen value creation efforts, with a focus on operational diligence, leadership development, and identifying non traditional growth levers. He added that a buyout mindset requires investors to act as primary risk takers while working closely with management teams to unlock potential.
    Anurag Gupta said buyouts have enabled private equity firms in India to move beyond a growth capital role and engage more deeply in governance, leadership development, and long term value creation. He said the shift towards buyouts has allowed investors to introduce stronger corporate governance practices, address talent and leadership needs, leverage technology, and execute clearly defined value creation plans from the beginning of the investment.

    The panel also discussed the importance of talent development, governance structures, and repeatable processes in improving portfolio company performance. Speakers noted that as deal complexity increases and investment horizons lengthen, private equity firms are placing greater emphasis on operational discipline and execution rigour to deliver outcomes for investors and stakeholders.
    The discussion concluded with reflections on how India’s buyouts landscape is evolving, with panelists agreeing that sustainable growth and successful exits increasingly depend on coordinated interventions across operations, governance, and digital capability.
    At Prittle PrattleNews, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedIn, Instagram, and YouTube for more stories that matter.

  • Superb Realty Places Indoor Health at the Centre of Office Development in Mumbai

    Shilpin Tater, Managing Director, Superb Realty, discusses how air quality concerns are reshaping design priorities for modern workplaces

    As air quality levels in Mumbai continue to remain under pressure, the way office buildings are planned and evaluated is undergoing a quiet but meaningful transformation. Increasingly, occupiers are looking beyond conventional parameters such as location, façade, or amenity lists, and focusing instead on how workspaces support health, efficiency, and long term operational performance in dense urban condition.
    Against this backdrop, Superb Realty has introduced Superb Altura, its flagship mixed use commercial development located at the Amar Mahal junction in the Chembur Ghatkopar corridor. Conceived as a Grade A office tower, the project reflects a development approach where indoor health, system intelligence, and resilience are treated as core design considerations rather than supplementary features.

    Unlike traditional office developments built around static specifications, the project integrates advanced building systems that continuously monitor and manage indoor environments. Energy usage, indoor air quality, HVAC performance, access control, and safety systems operate within a unified digital framework, allowing the building to adapt dynamically to changing external and internal conditions.
    With indoor air quality increasingly becoming a priority for corporate decision makers, the development enables real time tracking of key air parameters, system driven alerts, and automated optimisation to support healthier work environments. Intelligent controls allow ventilation, temperature, and lighting to adjust in response to occupancy patterns and ambient conditions, balancing employee wellbeing with operational efficiency.

    The project has been designed with the objective of maintaining consistently low indoor AQI levels, setting a higher benchmark for healthy workspaces in high density urban markets.
    Commenting on the evolving expectations from commercial real estate, Shilpin Tater, Managing Director of Superb Realty, said, “Poor air quality is no longer a temporary or seasonal concern. It has become a permanent part of urban living. For developers today, the responsibility extends beyond constructing offices to creating environments that can actively support health, adapt over time, and perform reliably throughout the asset’s lifecycle.”

    From an operational standpoint, the integrated systems at Superb Altura are expected to deliver 15 to 25 percent energy optimisation through continuous performance monitoring and automation. Predictive maintenance capabilities are also designed to reduce unplanned downtime by up to 30 percent, supporting stronger asset reliability and long term efficiency.
    The development features large and efficient floor plates, three side open frontage, and ample daylight penetration. These are complemented by terrace lounges, breakout zones, and select balcony offices. A mixed use planning approach incorporating curated retail and food and beverage offerings is intended to enhance daily user experience while supporting long term commercial viability.
    From an investment perspective, the project’s scalable and adaptable systems are designed to remain aligned with evolving sustainability benchmarks, regulatory frameworks, and occupier expectations, helping mitigate future retrofit risk and support value preservation.
    With GRIHA aligned sustainability measures including solar power for common areas, rainwater harvesting, wastewater recycling, and energy efficient systems, Superb Altura reflects Superb Realty’s focus on performance led ESG outcomes grounded in measurable impact rather than checklist compliance.
    As Mumbai continues to navigate complex urban challenges, the project signals a broader shift in office development where buildings are expected to actively contribute to health, efficiency, and resilience over the long term.
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  • From Capital Markets to Client Growth, Religare Broking Sets Its Leadership Direction

    Vijay Kumar Goel, Managing Director, Religare Broking Limited, takes charge as the firm sharpens its focus on scaling its broking business and expanding wealth distribution

    Religare Broking Limited has announced a leadership transition with Vijay Kumar Goel assuming charge as Managing Director, as the firm intensifies its focus on strengthening its core broking business and expanding wealth product distribution. The move reflects the company’s strategic emphasis on growth, client engagement, and evolving market opportunities within India’s capital markets
    In his role as Managing Director, Goel will be responsible for driving Religare Broking’s growth agenda, strengthening client relationships, and enhancing the firm’s digital and research capabilities in response to changing investor needs and market dynamics.

    A national rank holder Chartered Accountant and qualified Cost Accountant, Goel brings over three decades of experience across the banking and financial services sector. His professional background spans broking, retail NBFC operations, asset management, investment and insurance products distribution, private wealth management, and affordable home finance.
    He spent more than 14 years with the Motilal Oswal Group, where he held leadership positions including Managing Director and Chief Executive Officer across its broking and distribution, private wealth management, and home finance businesses at various stages of growth. Prior to this, he worked with the Aditya Birla Group for over 11 years across multiple financial services businesses, having begun his career in 1994.

    Before joining Religare Broking, Goel was self employed as an Executive Coach and Business Growth Consultant, advising financial services organisations and mentoring senior leadership teams on growth and transformation initiatives.
    Commenting on the appointment, Indranil Choudhury, Group Chief Human Resources Officer, Religare Enterprises Limited, said, “Vijay brings a strong blend of market understanding, proven execution capability, and leadership experience. His appointment reinforces our commitment to strengthening Religare’s core broking business and wealth distribution business, while continuing to enhance customer centricity and technology led capabilities. We believe his leadership will play a key role in the company’s next phase of growth.”

    Sharing his perspective on joining the organisation, Vijay Kumar Goel said, “India’s capital markets are witnessing structural growth driven by rising retail participation, expanding investment products, and increasing digitisation. Religare Broking has a strong platform and legacy, and I look forward to building on this foundation by strengthening our core broking and product proposition, deepening client relationships, and leveraging technology to deliver differentiated and scalable growth.”
    Religare Broking Limited is a wholly owned subsidiary of Religare Enterprises Limited and operates as a full service broking firm with a nationwide presence across more than 400 cities, serving over one million customers across India.
    At Prittle PrattleNews, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedIn, Instagram, and YouTube for more stories that matter.

  • Jyotsna Suri to lead WTTC India Initiative as new office bearers take charge

    The Lalit Suri Hospitality Group Chairperson and Managing Director is appointed Chair as Vikram Madhok of Abercrombie and Kent India and Ragini Chopra of InterGlobe Enterprises assume Vice Chair roles, with Deep Kalra of MakeMyTrip completing his term

    New Delhi, India, 6 February 2026: The World Travel and Tourism Council, India Initiative announced the appointment of its Office Bearers for the 2026 to 2028 term following confirmation by members at its Annual General Meeting held in New Delhi.
    Dr Jyotsna Suri, Chairperson and Managing Director of The Lalit Suri Hospitality Group, has been appointed Chair of WTTC India Initiative for the 2026 to 2028 term. Vikram Madhok, Managing Director of Abercrombie and Kent India, has been appointed Vice Chair, while Ragini Chopra, Executive Vice President Corporate Affairs at InterGlobe Enterprises, has taken on the role of Vice Chair Advocacy.

    Deep Kalra, Founder and Chairman of MakeMyTrip India Pvt Ltd, completed his tenure as Chair of WTTC India Initiative. The Council placed on record its appreciation for his leadership and for steering the organisation through an intensive agenda focused on reforms, investment facilitation, competitiveness, and sustainability for India’s travel and tourism sector.
    Speaking on the transition, Deep Kalra said that WTTC India Initiative remains committed to working alongside governments at the Centre and in States to support India’s long term tourism growth and to help the sector scale responsibly as a global destination. He added that the Council will continue engaging with decision makers to translate reform intent into measurable outcomes and welcomed Airbnb and Hilton as new members, noting that their inclusion strengthens the platform across the travel ecosystem.

    Dr Jyotsna Suri said that while the Union Budget 2026 has set a clear direction, delivery now depends on execution at the State level where investment and visitor experience are shaped. She said WTTC India Initiative will work closely with States and Union Territories to improve project timelines, destination management, and quality standards, citing ongoing engagement through the Goa Tourism Board and a recent memorandum of understanding with the Government of Tamil Nadu as examples of focused on ground implementation.
    Vikram Madhok said that growing inbound tourism requires strengthening the entire visitor journey, including seamless access, stronger connectivity, sharper international marketing, and better managed destinations. He noted that the new visa application platform expected to be commissioned by the Government of India later this year is a key step towards aligning India’s brand promise with the actual visitor experience.

    Ragini Chopra said India needs a focused international marketing campaign targeting priority markets, supported by consistent delivery in States where policy meets execution. She added that WTTC India Initiative’s advocacy will be evidence led and solutions focused, drawing on the Council’s diverse membership across airlines, hospitality, travel services, online travel platforms, public sector undertakings, and consulting expertise to help governments implement practical reforms and deliver measurable performance improvements.
    At Prittle PrattleNews, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedIn, Instagram, and YouTube for more stories that matter.

  • What Britime London Signals About the Direction of Premium Watch Retail at Ramesh Watch Company

    Rohit Chugani, Managing Director of Ramesh Watch Company, and Hiren Morbia, Founder of Sanskruti Time Group, said the addition of Britime London reflects a growing emphasis on mechanical automatic watches within the premium retail segment.

    Hyderabad, February 7, 2026: The inclusion of Britime London in the retail portfolio of Ramesh Watch Company points to a broader shift underway in Hyderabad’s premium watch market, where demand is steadily moving toward mechanical automatic timepieces over fashion led quartz offerings.
    Ramesh Watch Company, a legacy watch retailer with operations dating back to 1948, has been selectively expanding its premium assortment in response to evolving consumer preferences. According to Managing Director Rohit Chugani, customers are increasingly seeking watches that combine long term value, mechanical integrity, and contemporary design, prompting the retailer to deepen its focus on automatic movements and internationally benchmarked brands.

    Britime London, a British automatic watch brand developed under Sanskruti Time Group, aligns with this direction through its emphasis on in house automatic movements, surgical grade stainless steel cases, and sapphire crystal protection. The brand’s design language draws from contemporary British aesthetics while prioritising durability and precision, attributes that resonate with experienced watch buyers.
    Hiren Morbia, Founder of Sanskruti Time Group, said the decision to work with Ramesh Watch Company reflects a shared approach to brand curation and customer education. He noted that mechanical watches are increasingly being viewed as enduring purchases rather than seasonal accessories, particularly among urban consumers with an appreciation for craftsmanship and authenticity.

    The collaboration also highlights how established regional retailers are playing a central role in shaping local luxury consumption. With over ten stores across Hyderabad, Ramesh Watch Company offers both product consultation and after sales support, factors that continue to influence purchase decisions in the premium segment.
    The Britime London collection is currently available at the Jubilee Hills store as well as other Ramesh Watch Company locations across the city, marking a calibrated expansion approach that prioritises brand positioning and customer experience over rapid scale.

    At Prittle PrattleNews, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedIn, Instagram, and YouTube for more stories that matter.