Prittle Prattle Pr

Category: Business

  • Quicklend Secures ₹6.75 Crore in Pre-Seed Funding, Launches Loan Against Mutual Funds with Bajaj

    With backing from Inuka Capital, Eximius Ventures, and Upsparks Capital, Quicklend is set to transform India’s secured lending landscape.

    Quicklend, a fast-emerging fintech platform specializing in secured lending, has secured ₹6.75 crore in pre-seed funding led by Inuka Capital, Eximius Ventures, Upsparks Capital, GrowX, and a network of strategic angel investors. Alongside this funding round, the company has announced the launch of its Loan Against Mutual Funds (LAMF) product in partnership with Bajaj and a consortium of leading NBFCs.
    The funding will accelerate Quicklend’s expansion, technology innovation, and distribution network to make secured lending more seamless and accessible across India.

    Bridging the Credit Gap with Smart Secured Lending
    India’s growing financial market has created a rising demand for secured credit, especially as mutual fund investments surge in Tier 2 and Tier 3 cities. While unsecured lending has gained scrutiny, Quicklend is tapping into the power of collateralized credit, offering a completely digital loan journey for borrowers and financial institutions.
    The Loan Against Mutual Funds (LAMF) product enables consumers to leverage their mutual fund holdings as collateral, gaining instant liquidity while retaining their investment potential.

    Investor Confidence in Quicklend’s Vision
    The funding round was led by prominent investors who believe in Quicklend’s ability to reshape the secured lending landscape.
    📢 Gautam Shewakramani, Co-Founder & Partner at Inuka Capital, stated:
    With Indian consumer savings increasingly moving into financial markets, Quicklend’s solution allows lenders, demand partners, and borrowers to access liquidity in a fully automated manner. We are excited to support Raghuram and his team in building the infrastructure for secured credit in India.
    📢 Pearl Agarwal, Founder and Managing Partner of Eximius Ventures, added:
    As vigilance around unsecured loans increases, secured loans are set for massive growth. With mutual funds becoming mainstream in smaller cities, Quicklend is pioneering a fully digitized secured loan experience. We are backing Raghuram and his team, whose collective 30+ years of FinTech expertise gives them a distinct edge in building transformative lending solutions.

    Scaling Quicklend’s Impact in Secured Lendin
    With this fresh capital infusion, Quicklend plans to:

    •  Expand its geographical footprint to increase access to secured lending across India.
    •  Enhance its digital infrastructure to ensure seamless lending experiences for borrowers.
    • Strengthen data security protocols to maintain trust and compliance in the highly regulated lending space.

    The Quicklend Founders and Their Mission
    Founded in 2024, Quicklend was established by industry veterans Raghuram Trikutam, Abhishek Uppala, and Arun Jadhav with a vision to modernize India’s secured lending ecosystem.

    The platform provides:

    • Quick and hassle-free access to secured loans
    • Seamless portfolio management tools for lenders
    • Transparent loan processing using advanced fintech innovations

    With partnerships across the fintech landscape, Quicklend is positioning itself as a key player in India’s lending future.

    About Quicklend
    Quicklend is a fintech startup focused on revolutionizing secured lending in India. By leveraging cutting-edge technology, it simplifies loan access for borrowers and portfolio management for lenders. The company works with top financial institutions to deliver fast, efficient, and transparent lending solutions.
    For more fintech insights, visit Prittle Prattle News.
    At Prittle Prattle News, we bring you deeply researched, high-impact storytelling that goes beyond the ordinary. From fashion’s most iconic moments to exclusive interviews with India’s greatest designers, we deliver stories that shape the industry. Follow us on LinkedIn, Instagram, and YouTube for exclusive updates.


  • A Night That Defined Fashion: Rohit Bal’s Legacy Immortalized at Blenders Pride Fashion Tour

    With Sonam Kapoor, JJ Valaya, Madhur Bhandarkar, and over 100 icons paying tribute, Gurugram witnessed an unforgettable homage to the maestro of Indian couture.

    Rohit Bal is not just a designer. He is an artist, a revolutionary, and the architect of modern Indian couture. At the Blenders Pride Fashion Tour 2025, his extraordinary legacy was celebrated in a way that transcended a fashion show. It became history in the making.
    The event, curated in collaboration with Fashion Design Council of India (FDCI), brought together India’s most influential voices in fashion, Bollywood, and media for an evening that honored the unmistakable grandeur, theatrical storytelling, and craftsmanship that define Bal’s work.

    A Tribute Woven in Art, Music, and Legacy
    From the moment the show began, it was clear that this was not an ordinary runway event. Instead, it was a living, breathing tribute to the man who transformed Indian fashion into an art form.
    Projected visuals of Bal’s most iconic creations enveloped the venue, immersing guests in a multi-sensory experience of color, movement, and heritage. The space was adorned with motifs inspired by Bal’s signature designs, crafted by set designer Sumant Jayakrishnan.
    Live performances by Vibha Saraf and Deveshi Sahgal echoed through the air, creating a fusion of music and emotion that brought Bal’s journey to life. And in a moment of pure cinematic brilliance, Sonam Kapoor, the designer’s eternal muse, stepped onto the runway, embodying the very essence of Bal’s vision.
    “Rohit Bal is not just a designer. He is a storyteller, an artist, and a visionary,” said Sonam Kapoor. “Being part of this tribute was not just an honor, it was a privilege.”

    A Legacy That Redefined Indian Couture
    Bal’s influence extends far beyond clothing. He has shaped the very language of Indian fashion, bringing together heritage, modernity, and unparalleled craftsmanship. His creations, deeply inspired by Kashmiri embroidery, Mughal architecture, and intricate zardozi work, have graced global runways, redefining India’s presence in international couture.

    • The Heritage of Kashmir: Bal’s signature motifs, intricate threadwork, and royal-inspired silhouettes have made him a custodian of cultural artistry.
    • Bridging Tradition and Rebellion: Bal redefined couture, taking Indian craftsmanship beyond borders to international platforms such as Paris Fashion Week.
    • An Unparalleled Showman: His runway productions are legendary, bringing together fashion, drama, and storytelling in ways no other designer has.

    As fashion historian Hamish Bowles once noted, “Rohit Bal doesn’t just design, he creates entire worlds on the runway.”

    Blenders Pride Fashion Tour: More Than a Show, A Movement
    This year’s Blenders Pride Fashion Tour has positioned itself as India’s premier platform for fashion, culture, and artistic innovation. The tribute to Rohit Bal was only the beginning.
    “This tribute to Rohit Bal was one for the ages. It reflected our long-standing commitment to spotlighting the iconic voices shaping Indian fashion,” said Kartik Mohindra, CMO, Pernod Ricard India.
    The tour now heads to Mumbai, where Tarun Tahiliani will present a groundbreaking showcase, followed by Chandigarh, Guwahati, and Vizag, featuring:
    As Sunil Sethi, Chairman of FDCI, put it, “We are witnessing a new era in Indian fashion, one that respects tradition while embracing the future.”
    The Road Ahead: Where Fashion Meets Legacy
    The Blenders Pride Fashion Tour is not just an event. It is a cultural movement, a platform that brings together the greatest minds in fashion and art.
    For exclusive coverage, interviews, and behind-the-scenes insights, visit Prittle Prattle News.
    At Prittle Prattle News, we bring you deeply researched, high-impact storytelling that goes beyond the ordinary. From fashion’s most iconic moments to exclusive interviews with India’s greatest designers, we deliver stories that shape the industry. Follow us on LinkedIn, Instagram, and YouTube for exclusive updates.

  • WeWork India Files DRHP with SEBI, Signaling a New Chapter in India’s Flexible Workspace Industry

    With India’s commercial real estate sector shifting towards hybrid workspaces, WeWork India’s IPO signals growing investor confidence in flexible office solutions.

    WeWork India Management Limited (WeWork India) has taken a significant step towards becoming a publicly listed company by filing its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). This move places WeWork India in the spotlight as it prepares to navigate the public markets, bringing India’s evolving flexible workspace industry into sharper focus.
    WeWork India has been at the forefront of the changing dynamics of commercial real estate, emerging as one of India’s largest flexible workspace providers. With a growing number of enterprises, startups, and multinational corporations moving towards hybrid work models, the company’s stronghold in the market reflects the increasing demand for agile, cost-effective office spaces. According to reports by CBRE, WeWork India has consistently been the leading flexible workspace provider by total revenue for the past three fiscal years.

    WeWork India’s IPO: What the DRHP Reveals
    According to the DRHP, the company’s initial public offering (IPO) will be a complete Offer for Sale (OFS), involving a total of 43,753,952 equity shares. Unlike a fresh issue, an OFS does not raise capital for the company but allows existing shareholders to offload their stake. The two primary entities selling shares in this offering are Embassy Buildcon LLP (Promoter Selling Shareholder), which plans to divest 33,458,659 equity shares, and 1 Ariel Way Tenant Limited (Investor Selling Shareholder), offering 10,295,293 equity shares.
    This IPO underscores a broader trend in the Indian real estate sector, where flexible office spaces are becoming an integral part of corporate real estate planning. With rising commercial rental costs, businesses are prioritizing workspace flexibility, operational scalability, and financial efficiency, making companies like WeWork India highly relevant in the changing economic landscape.

    How WeWork India is Shaping the Future of Workspaces
    WeWork India has positioned itself as the preferred workspace partner for some of the world’s most influential businesses, including Amazon Web Services, JP Morgan, Warner Bros. Discovery, Deutsche Telekom, and Grant Thornton. The company’s ability to attract such marquee clients highlights its premium positioning and long-term revenue stability in a sector that is often perceived as volatile.
    Operating across six major metropolitan cities—Bengaluru, Mumbai, Gurugram, Noida, Hyderabad, and Pune—WeWork India has created a network of high-quality, adaptable workspaces designed to cater to global enterprises, mid-sized businesses, and startup ecosystems alike.
    The demand for premium, well-managed co-working spaces has seen a sharp rise post-pandemic, as organizations increasingly opt for hybrid office models instead of traditional, long-term commercial leases. Analysts from JLL have indicated that India’s flexible workspace sector is expected to grow at a compounded annual growth rate (CAGR) of 15-20% over the next five years, reinforcing WeWork India’s stronghold in the industry.

    Who is Managing the IPO?
    To ensure a smooth public listing, WeWork India has appointed leading investment banks as Book Running Lead Managers (BRLMs) for the IPO. The financial institutions handling the offering include JM Financial Limited, ICICI Securities Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited, and 360 ONE WAM Limited. These firms will oversee pricing, investor outreach, and regulatory compliance in preparation for WeWork India’s transition into the public market.

    What This Means for India’s Startup and Commercial Real Estate Markets
    WeWork India’s IPO is expected to be a bellwether event for the flexible workspace sector in India. It could set a precedent for similar firms in the shared office space industry, encouraging further investment and consolidation in the sector. With startups, IT firms, and multinational corporations increasingly seeking cost-effective alternatives to traditional office leasing, the role of premium co-working brands is set to expand significantly.
    If the IPO receives a strong response from investors, it could validate the asset-light, demand-driven business model of co-working spaces, encouraging more players in the industry to consider public listings. The potential success of WeWork India’s IPO may also serve as an indicator of broader investor sentiment towards commercial real estate innovations in India.

    The Road Ahead
    WeWork India’s next steps will be crucial as SEBI reviews the DRHP and grants necessary approvals. Once the regulatory process is complete, the company will announce the IPO pricing, subscription dates, and final valuation details. Market watchers will be closely following how investors react to this offering, particularly given the global shifts towards hybrid work models and flexible leasing solutions.
    As the demand for efficient and adaptable workspaces grows, WeWork India’s entry into the stock market could redefine how businesses in India perceive office real estate investments.
    For ongoing coverage and expert insights on India’s IPO landscape, market trends, and corporate developments, follow Prittle Prattle News.
    At Prittle Prattle News, we bring you fact-based, research-driven journalism, covering key market trends, startup stories, and corporate movements that shape India’s economic future. Led by an expert editorial team, our platform is committed to high-quality, in-depth analysis that goes beyond headlines.Follow us for exclusive business insights on LinkedIn, Instagram, and YouTube


  • India’s Middle Class Just Got Richer, and So Did Startups & Real Estate

    From Historic Tax Cuts to Billion-Dollar Industry Boosters, CEOs and Business Leaders Analyze the Biggest Policy Shifts of the Year

    India’s latest financial reforms have reshaped economic policies, bringing unprecedented relief to the middle class while boosting growth in startups, real estate, manufacturing, and technology.
    With the income tax exemption limit raised to ₹12 lakh, millions of Indians now have more spending power, which is expected to increase consumer demand and drive investments. Simultaneously, the ₹10,000 crore Fund of Funds aims to accelerate deeptech innovation, and a ₹15,000 crore boost for affordable housing signals a renewed push for real estate growth.
    The Government of India has also announced major incentives for the startup ecosystem, artificial intelligence, and renewable energy all geared towards making India a $5 trillion economy.
    Industry leaders from finance, technology, manufacturing, healthcare, and renewable energy weigh in on these developments. Are these policies enough to propel India forward? Will they truly bridge income disparities and encourage long-term investments? The expectations are high, and the world is watching. Does this budget deliver? Prittle Prattle News brings insights from 61 industry leaders who break down what these reforms mean for India’s future

    Healthcare 
    India’s healthcare sector witnessed groundbreaking policy shifts, focusing on affordable treatment, AI-driven medical advancements, and healthcare access for gig workers.
    Here’s what top leaders in the industry had to say:

    Dr. Apurba Ganguly, Founder, Nano Phyto Care & bioGAN
    The 2025 Budget highlights a progressive approach to healthcare and insurance technology, reinforcing the need for digital transformation in the sector. Strengthening AI-driven diagnostics and expanding access to affordable policies will empower millions. Digital health initiatives, increased funding for R&D, and public-private partnerships will drive the next wave of innovation in India’s healthcare landscape. The government’s decision to exempt life-saving drugs from customs duties will significantly enhance treatment accessibility.

    Abhi Sinha, Co-Founder, HealSpan
    The budget’s emphasis on AI-driven healthcare solutions and expanding interoperability of medical records marks a significant step toward a tech-enabled, patient-centric healthcare system. The push for AI-driven diagnostics and medical record interoperability is a game-changer. Healthtech companies like ours will now have more opportunities to integrate data security frameworks with seamless, personalized patient care.

    Jasdeep Singh, Group CEO, CARE Hospitals
    With the establishment of 200 daycare cancer centers, the government has made a decisive move to make specialized treatment more accessible. The addition of 10,000 new medical seats this year and 75,000 over five years addresses a long-standing gap in our healthcare infrastructure. Additionally, the exemption of 36 life-saving drugs from basic customs duty will lower treatment costs for patients battling chronic and rare diseases.

    Dr. Kshitiz Murdia, CEO & Co-Founder, Indira IVF
    The budget rightfully acknowledges India’s rising infertility crisis by pushing for inclusion of fertility treatments in universal health insurance schemes. This is a major step toward making assisted reproductive technologies (ART) accessible to a broader population.

    Sri Charan Lakkaraju, CEO, Student Tribe
    Recognition of gig workers with identity cards, healthcare under PM Jan Arogya Yojana, and financial inclusion through the revamped PM SVANidhi scheme will significantly uplift their quality of life. The gig economy is finally getting the social security it deserves.

    Healthcare Takeaway: More doctors, more hospitals, AI-driven healthcare, and reduced medical costs – India’s healthcare future just got a major upgrade.

    Manufacturing & Energy 
    India’s manufacturing and energy sectors received a significant boost through customs duty exemptions, clean energy investments, and infrastructure upgrades.
    Here’s how industry leaders are reacting:

    Arun Misra, CEO, Hindustan Zinc Limited
    The focus on critical minerals, mining reforms, and urban infrastructure expansion will enhance India’s industrial backbone. The ₹1 lakh crore Urban Challenge Fund will open new doors for sustainable urban development, while the increased outlay for infrastructure modernization is a strong signal for India’s economic growth.

    Masood Mallick, MD & CEO, Re Sustainability Ltd
    Exempting customs duty on waste and scrap from critical minerals is a strategic move to strengthen the circular economy. Additionally, the commitment to 100 GW of nuclear energy by 2047 aligns with India’s long-term sustainability goals.

    Nitin Aggarwal, MD, Prayag Polymers
    The increase in urban development investments will drive demand for high-quality bathware and sanitary products. A simplified GST structure for manufacturers will enhance operational efficiency and enable Make in India products to compete on a global scale.

    Gaurav Agarwal, Founder & CMD, Stonex India
    Investments in infrastructure, logistics, and clean energy are key enablers for our sector. Strengthening marble and luxury stone exports will position India as a major player in the global premium real estate and interiors market.

    Yatin Gupte, CMD, Wardwizard Innovations & Mobility Ltd
    With reduced customs duty on lithium and other key battery components, EV affordability will improve drastically. The National Manufacturing Mission for Clean Tech Industries will accelerate India’s transition to sustainable mobility.

    Devndra Chawla, MD & CEO, GreenCell Mobility
    Exemptions on capital goods for battery production, along with stronger EV infrastructure policies, will drive mass adoption of electric public transport. The government is taking concrete steps toward making India a global hub for clean mobility.

    Manufacturing & Energy Takeaway: Tax reliefs, sustainable production, and deep investments in infrastructure signal a major leap toward industrial self-reliance.

    AI & Deeptech 
    The 2025 budget cements India’s position as a global leader in artificial intelligence, quantum computing, and deeptech innovation. With billions allocated to AI research, semiconductor manufacturing, and talent development, the government is turning India from an AI consumer into a tech creator.

    Punit Pandey, Founder, AstroSage
    The Centre of Excellence for AI marks a historic shift for India’s tech industry. Deeptech startups will now receive government-backed R&D funding, fostering a new era of AI-driven entrepreneurship.

    Bruce Keith, Co-founder & CEO, InvestorAi
    The ₹10,000 crore Fund of Funds is a game-changer for AI startups. The Indian VC ecosystem now has the fuel to fund breakthrough deeptech innovations, ensuring AI and fintech startups scale globally. The Deep-Tech Fund should be viewed through the DeepSeek lenswith small capital, agile startups can drive massive impact.

    Sridhar Parthasarathy, Co-founder & General Partner, Bluehill.VC
    The government’s Deep Tech Fund of Funds will empower Indian AI, space tech, and semiconductor startups. This budget lays the foundation for India to lead the global AI race. The ₹10,000 crore Fund of Funds shows the government’s serious commitment to AIFs in nurturing startups. However, better credit options for startups are equally necessary.

    Ankur Mittal, Co-founder, Inflection Point Ventures
    By extending tax exemptions for startups and expanding credit platforms, the government has removed major funding roadblocks for deeptech founders. AI and automation startups will now scale faster than ever. A stronger credit framework for startups will allow scalability without excessive equity dilution. This will accelerate growth and job creation.

    Dinesh Arjun, CEO & Co-founder, Raptee
    Exempting Li-Ion battery imports will cut EV battery costs, making electric vehicles more accessible for Indian consumers. This policy will supercharge EV adoption and make India a global battery manufacturing hub.

    Pankit Desai, Co-founder & CEO, Sequretek
    The creation of National Centers of Excellence for AI signals that AI is no longer just an R&D experimentit’s now a national priority. The focus on AI skilling and cybersecurity will future-proof India’s workforce.

    Jeenendra Bhandari, Chairman, JITO Incubation & Innovation Foundation
    With ₹20,000 crore allocated for private-sector R&D, India is no longer importing deeptech innovationwe’re now building it ourselves. AI, quantum computing, and semiconductor breakthroughs will be Made in India.

    Sarvagya Mishra, Founder & Director, Superbot (LinkedIn)
    The government’s ₹500 crore investment in AI for education will revolutionize personalized learning. AI-driven adaptive education platforms will make quality learning accessible to every Indian student.

    AI & Deeptech Takeaway: India is investing in cutting-edge AI, deeptech, and semiconductor research, ensuring self-reliance in future technologies and a global competitive edge in AI innovation

    Finance & Investments : India’s 2025 budget delivers a landmark financial transformation, from tax cuts for individuals to massive capital infusions for startups, MSMEs, and the stock market. With ₹10,000 crore allocated for venture funding, simplified tax regimes, and stronger capital markets, this budget is designed to fuel investment-led growth.

    Zarin Daruwala, CEO, India & South Asia, Standard Chartered Bank
    This budget fuels economic growth while ensuring fiscal prudence. The combination of tax reliefs, MSME credit expansion, and massive infrastructure spending will drive employment, investments, and financial inclusion.

    Suresh Soni, CEO, Baroda BNP Paribas Mutual Fund
    With a 17% increase in capital expenditure, massive income tax relief, and a disciplined fiscal approach, this budget is a balanced mix of growth and stability. Expect higher retail investments in markets and real estate.

    Mahendra Kumar Jajoo, CIO – Fixed Income, Mirae Asset Investment Managers (India)
    The budget’s focus on boosting disposable income will revitalize consumption. Simultaneously, the government’s commitment to fiscal discipline makes this a win-win for both investors and economic growth.

    Shripal Shah, MD & CEO, Kotak Securities
    This budget provides a huge boost to middle-class savings and stock market participation. Tax exemptions, combined with higher government spending, will increase liquidity and drive market expansion.

    Prabhakar Kudva, Co-Founder & Director, Samvitti Capital
    Fiscal deficit reduction and tax cuts will strengthen the bond market, while simplified taxation and higher disposable incomes will fuel retail investment growth.

    Trideep Bhattacharya, President & CIO – Equities, Edelweiss Asset Management
    A prudent, well-calibrated budget that balances fiscal discipline with investment-driven growth. The policies announced today will fuel long-term wealth creation in capital markets.

    Dhawal Dalal, President & CIO – Fixed Income, Edelweiss Asset Management
    Lower borrowing, reduced fiscal deficit, and stable bond markets make this budget highly favorable for long-term investors.

    Finance & Investment Takeaway: With historic tax cuts, pro-investment policies, and disciplined fiscal management, this budget strengthens the foundation for a booming financial sector and capital markets.


    Startups – Fueling India’s Next Wave of Innovation : With ₹10,000 crore infused into the Fund of Funds, tax exemptions extended for startups, and AI-driven innovation getting a national push, the 2025 budget sets the stage for entrepreneurial acceleration. These measures ease capital access, boost innovation, and strengthen deep-tech ventures, making India a global startup powerhouse.

    Anirudh A. Damani, Managing Partner, Artha Venture Fund
    This budget delivers game-changing funding for deep-tech and early-stage startups. The ₹10,000 crore Fund of Funds will provide critical capital for innovation. The income tax exemption up to ₹12.75 lakh puts more money in people’s hands, driving higher consumption and investment. The ₹10,000 crore Fund of Funds will ensure early-stage startups get the capital they need to scale fast.

    Dinesh Arjun, CEO & Co-founder, Raptee
    The Deep-Tech Fund & AI initiatives will fuel next-gen industrial innovations. The exemption of Li-Ion battery duties will also push EV adoption.

    Pankit Desai, Co-founder & CEO, Sequretek
    The startup tax extension and TDS/TCS simplifications reduce compliance burdens, ensuring long-term sustainability for emerging businesses.

    Sushanto Mitra, CEO, Lead Angels
    A pro-startup budget that removes capital barriers and simplifies funding access. However, broader tax benefits for startup investors could further drive capital inflows.

    Hanuman Tripathi, Partner – Fintech, Lead Angels
    The Startup Fund of Funds and ease of doing business measures empower founders to focus on scaling instead of battling compliance issues.

    Bhaskar Majumdar, Managing Partner, Unicorn India Ventures
    Deep-tech funding is a strategic shift for India’s startup ecosystem. AI, semiconductors, and advanced R&D funding will shape the next global tech wave.

    Mayuresh Raut, Managing Partner, Seafund
    Credit access for startups is now doubledthis ensures better valuations, higher top-line growth, and scalable businesses with less equity dilution.

    Startup Takeaway: The 2025 budget supercharges the startup ecosystem, ensuring capital infusion, tax relief, and AI innovation supporta critical push for India’s next unicorn wave.

    Conclusion: The Union Budget 2025-26 introduces ambitious reforms, prioritizing tax relief, technological progress, and industrial expansion. While welcomed across sectors, their success will depend on effective execution and policy stability. The real challenge? Turning policy into impact. The Reserve Bank of India will need to monitor inflation, the Securities and Exchange Board of India (SEBI) must ensure capital market stability, and businesses must seize the moment to scale innovation and investment.
    India now stands at a critical economic moment. The groundwork for progress has been laidwhat happens next will define the country’s future.

    Prittle Prattle News: Featuring You Virtuously
    At Prittle Prattle News, featuring you virtuously, we celebrate commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change. Follow us on LinkedIn, Instagram, and YouTube for more industry insights and exclusive coverage.

  • Shri Devendra Fadnavis Unveils Marathi Version of Skill India Digital Hub, Strengthening Workforce Development in Maharashtra

    A Major Leap Towards Digital Skilling, Economic Growth & Linguistic Inclusivity

    Mumbai, February 2025: In a significant move to enhance digital skilling and workforce readiness, Honourable Chief Minister Shri Devendra Fadnavis unveiled the Marathi version of the Skill India Digital Hub (SIDH) during the Vishwa Marathi Sammelan 2025 at Fergusson College, Pune. The launch, attended by Deputy Chief Ministers Shri Eknath Shinde and Shri Ajit Pawar, marks a milestone in Maharashtra’s commitment to bridging linguistic barriers in education and skilling, ensuring that professionals, students, and entrepreneurs across the state can access high-quality skill development programs in their native language.
    The National Skill Development Corporation (NSDC), in collaboration with the Ministry of Skill Development and Entrepreneurship, has played a pivotal role in transforming SIDH into a multi-lingual skilling ecosystem. With the Marathi version now live, millions of Marathi-speaking learners can access over 7,000+ skilling programs covering Industry 4.0 technologies, Artificial Intelligence (AI), Machine Learning (ML), Drone Operations, Cybersecurity, Web Development, and more.

    Speaking at the launch, Chief Minister Shri Devendra Fadnavis emphasized that Maharashtra’s economic ambitions—including its $1 trillion economy vision by 2028—depend on a workforce that is digitally skilled and industry-ready. He highlighted that this initiative aligns with the National Education Policy (NEP) 2020, which advocates for education in regional languages to improve accessibility and learning outcomes. The Marathi version of SIDH, he noted, would empower students, job seekers, and entrepreneurs by providing them with globally relevant skills in a language they are most comfortable with.

    The launch event was attended by key dignitaries, including Shri Uday Samant, Minister of Marathi Language, Government of Maharashtra, Shri Shrirang Barne, Member of Lok Sabha, Neelam Gorhe, Member of Maharashtra Legislative Council, Shri Siddharth Shirole, Member of Maharashtra Legislative Assembly, and Shri Bapusaheb Pathare, Member of Legislative Assembly. Shri Ved Mani Tiwari, CEO of NSDC and MD of NSDC International, was also present and was honored for his instrumental role in leading SIDH’s transformation into an inclusive, digital skilling platform.
    Reflecting on SIDH’s growing impact, Shri Ved Mani Tiwari revealed that the platform has already recorded 1.26 crore registrations nationwide in just one year, making it one of India’s fastest-growing skilling platforms. Maharashtra, he noted, is among the top five states in user registrations, contributing 30% of SIDH’s national traffic, second only to Uttar Pradesh. The launch of the Marathi version is expected to significantly increase engagement, ensuring that more Marathi-speaking youth can access career-building opportunities.

    In terms of course demand, Maharashtra has shown strong interest in Web Development, Cybersecurity, and Kisan Drone Operations. The state has also seen a surge in female participation, with over 43,000 women enrolling in SIDH courses, 80% of whom are under the age of 30. The most popular skilling sectors include IT-ITeS, entrepreneurship, and electronics, reflecting the state’s economic priorities.

    The vision behind SIDH extends beyond course accessibility—it is about building a skilled workforce that meets Maharashtra’s industrial demands. Recognizing this need, the Skills, Employment, Entrepreneurship & Innovation Department (SEEID) conducted a statewide Skill Gap Analysis in 2023. The study engaged over 1,500 industries and 200,000 trainees across Maharashtra to identify key workforce gaps in electronics, automotive, agriculture, BFSI, and IT/ITeS. The findings underscored that language proficiency plays a crucial role in workplace efficiency, with 95% of industry respondents emphasizing the need for Marathi language skills, followed by 83% for Hindi proficiency.

    Maharashtra’s industrial and commercial landscape demands a technologically skilled and linguistically proficient workforce, and the Marathi version of SIDH is a step toward ensuring that youth from every district, including rural and semi-urban areas, can integrate seamlessly into India’s digital economy. The government’s focus is on leveraging skilling opportunities to create a future-ready workforce that contributes to Maharashtra’s goal of becoming a $1 trillion economy.

    The launch event also featured a live demonstration of SIDH’s capabilities, showcasing its user-friendly interface, AI-powered career guidance tools, and industry-integrated certification programs. Through its network of over 50,000 industry partners and 5.5 lakh apprenticeship opportunities, SIDH is ensuring that learners are not just trained but also connected to job opportunities in both domestic and global markets.

    With Maharashtra being home to some of India’s largest industrial clusters and emerging technology hubs, the need for continuous skilling and upskilling is paramount. SIDH, with its industry-specific training modules and employer-led learning programs, is designed to be a game-changer for job readiness and career acceleration. The Marathi version will further bridge the digital divide, making learning more accessible to those who may have previously struggled with content available only in English.
    The Skill India Digital Hub’s expansion into Marathi is not just a translation effort, it is a transformation initiative aimed at building an inclusive, future-ready workforce that drives Maharashtra’s economic progress. By integrating cutting-edge courses with regional language accessibility, SIDH is ensuring that India’s youth, irrespective of their linguistic background, can compete in the global job market.
    With a vision to make India the global leader in skill development, Maharashtra is leading the way in ensuring that every young aspirant has the resources, training, and industry connections needed to succeed. The Marathi version of SIDH is expected to play a crucial role in enhancing employability, fostering entrepreneurship, and accelerating the state’s industrial growth.
    Prittle Prattle News: Featuring You Virtuously
    At Prittle Prattle News, featuring you virtuously, we celebrate commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change.
    Follow us on LinkedIn, Instagram, and YouTube for more industry insights and exclusive coverage.

  • Union Budget 2025-26: 26 Industry Leaders Reveal Their Boldest Expectations

    Pre-Budget Analysis | What Business Leaders Expect from Finance Minister Smt Nirmala Sitharaman | From Real Estate to Startups, Finance to Healthcare – Will This Budget Deliver?

    As India gears up for the Union Budget 2025-26, industry leaders from real estate, finance, healthcare, oil & gas, insurance, manufacturing, startups, retail, and education are eagerly anticipating policy reforms that will drive economic growth, sustainability, and digital transformation. With sectors ranging from affordable housing and AI-driven automation to healthcare expansion and MedTech innovation, business leaders have laid out a comprehensive roadmap for India’s economic future. The following insights highlight the key budget expectations from leaders across various industries, reflecting their hopes for tax reforms, infrastructure development, and strategic government investments that will shape India’s next phase of growth.

    The real estate sector: A key contributor to India’s GDP


    Prashant Sharma, President, NAREDCO Maharashtra: Expanding Housing Affordability
    Affordable housing remains the foundation of India’s real estate sector. The government must increase budgetary allocations for Pradhan Mantri Awas Yojana (PMAY-U) and enhance credit-linked subsidies to make homeownership more accessible. Additionally, raising the home loan interest tax deduction from ₹2 lakh to ₹5 lakh under Section 24(b) will bring significant relief to middle-income homebuyers, encouraging homeownership and boosting demand in the housing sector.


    Lachman Ludhani, CMD, Evershine Group: Industry Status and GST Rationalization
    The long-standing demand for industry status for real estate must be granted in Budget 2025. This will allow easier access to institutional funding, reducing borrowing costs, particularly for mid-segment and affordable housing developers. Additionally, rationalizing GST on under-construction properties and reinstating input tax credit for developers will eliminate inefficiencies in the taxation system, making housing more affordable for buyers.


    Kuldeep Jain, Founder & CEO, Build Capital: Incentives for Green & Sustainable Real Estate
    Sustainable construction should be a major focus area in this budget. The government must provide tax rebates and incentives for green-certified buildings, renewable energy integration, and eco-friendly construction materials. These measures will not only promote environmental sustainability but also reduce operational costs for homeowners while aligning with India’s net-zero targets.


    Vijay Jain, MD, Star Estate: Strengthening Infrastructure & First-Time Homebuyer Benefits
    Expanding metro rail networks, smart city projects, and national highway development will open up new real estate corridors and drive investment in emerging urban and suburban areas. Additionally, subsidized loan schemes for first-time homebuyers and tax incentives for rental housing can enhance accessibility and affordability in the housing market.


    Navin Makhija, MD, The Wadhwa Group: Encouraging REITs & Institutional Investments
    Real Estate Investment Trusts (REITs) have been a game-changer for India’s commercial real estate sector. Budget 2025 must introduce tax incentives for REITs and Infrastructure Investment Trusts (InvITs) to attract global investors and increase liquidity in the market. Lowering stamp duty and registration charges on affordable housing can also incentivize more buyers, ensuring sustainable growth.


    Rohan Khatau, Director, CCI Projects: Simplifying Home Loan Taxation & GST Structure
    Home loan affordability remains a crucial issue. The government must increase tax deductions on home loan interest under Section 24(b) to provide financial relief to homebuyers. Additionally, streamlining GST rates on under-construction properties will bring more clarity to the taxation system, improving market confidence and transaction volumes.


    Vikas Sutaria, Founder, Iraah Lifespaces: Growth in Luxury Housing & Second Homes
    India’s luxury housing segment and second-home market in locations like Alibaug and Lonavala are seeing rapid growth. Budget 2025 should introduce targeted incentives for luxury real estate investments while ensuring sustainable development through green building certifications and stricter environmental norms.


    Shraddha Kedia-Agarwal, Director, Transcon Developers: ESG & Sustainable Development in Real Estate
    With the rising focus on Environmental, Social, and Governance (ESG) principles, real estate developers should receive tax benefits for adopting green building practices. Additionally, the government should incentivize the adoption of solar energy, rainwater harvesting, and waste management systems in residential and commercial projects.


    Samyak Jain, Director, Siddha Group: First-Time Homebuyers & Affordable Housing Incentives
    The government should reinstate tax benefits for affordable housing projects under Section 80-IBA to encourage developers to build more budget-friendly homes. Also, lowering GST on raw materials like cement and steel will make housing construction more cost-effective, ultimately reducing property prices for buyers.


    Govind Krishnan Muthukumar, MD & Co-founder, Tridhaatu Realty: Infrastructure-Led Real Estate Growth
    Infrastructure investment plays a key role in unlocking real estate potential. The government must increase budgetary allocations for metro rail expansions, high-speed corridors, and urban connectivity projects. This will create new housing hubs and promote economic development in Tier 2 and 3 cities.


    Abhishek Jain, COO, Satellite Developers (SDPL): Supporting Rental Housing & REITs
    Rental housing can solve urban housing shortages. The government should introduce tax incentives for rental housing projects and support institutional investments in REITs and fractional ownership platforms, making it easier for investors to participate in the real estate market.

    Finance & Insurance: Digital Growth & Tax Reforms


    Jude Gomes, MD & CEO, Ageas Federal Life Insurance
    Life insurance penetration in India is still low, and Budget 2025 can help change that. Introducing a separate tax exemption for life insurance premiums under Section 80C will encourage more families to secure insurance coverage. Additionally, creating a Digital Insurance Repository System will simplify policy management and claims processing, making the industry more efficient and transparent.


    V.P. Nandakumar, MD & CEO, Manappuram Finance
    With inflationary pressures still present, reducing consumer taxes on essential goods will directly benefit households and increase disposable income. Additionally, investing in AI-driven financial infrastructure will modernize India’s financial sector, ensuring more efficient credit access for MSMEs and individual borrowers.

    Oil & Gas: Expanding Energy Security & Public-Private Collaboration


    Dr. Kapil Garg, MD, Asian Energy Services Limited
    India’s oil and gas sector is evolving, but policy reforms are needed to sustain growth. The passage of the Oilfield (Regulation and Development) Amendment Bill will streamline approval processes for hydrocarbon exploration and attract fresh investments, particularly in unconventional energy reserves like shale and coalbed methane. Additionally, bringing oil & gas under GST will simplify taxation, reduce pricing distortions, and improve cost efficiency.

    Healthcare: Expanding Public Health Coverage & MedTech Innovation


    Jasdeep Singh, Group CEO, CARE Hospitals
    Expanding Ayushman Bharat to cover outpatient care, diagnostics, and preventive health programs will ensure more comprehensive healthcare access. Additionally, reducing customs duties on essential medical devices like LINACs will make advanced cancer treatment more affordable, especially in underserved regions.


    Dr. Kshitiz Murdia, CEO, Indira IVF
    Infertility is a growing concern in India, and access to fertility treatments remains limited. Integrating IVF procedures into universal health insurance and offering tax exemptions on fertility treatments will make reproductive healthcare accessible to a larger population. Investments in ART (Assisted Reproductive Technology) infrastructure will further bridge the gap between demand and availability of quality fertility care.


    Dhaval Radia, CFO, ZEISS India
    The healthcare sector needs higher public health spending, ideally increasing to 4% of GDP. Additionally, reducing GST on medical devices and services (currently at 5-18%) will make healthcare more affordable for millions. Strengthening skill development in medical manufacturing and healthcare technologies will create a future-ready workforce and enhance India’s position as a global healthcare hub.

    Manufacturing & Startups: AI-Led Growth, Digital Transformation & PLI Expansion


    Neelakantan Sridhar, MD, Titan Engineering & Automation
    For India to compete globally, we need expanded PLI incentives for semiconductors, AI-driven automation, and clean energy manufacturing. Strengthening domestic R&D capabilities and offering tax breaks for industrial robotics and AI-powered automation will drive innovation and reduce dependency on foreign technology.


    Ganesh Sonawane, CEO, Frido
    Startups, especially in health and ergonomic solutions, need easier access to R&D tax incentives and streamlined GST compliance. Encouraging Make in India for global markets will position India as a leader in wellness and AI-driven innovation.

    Retail & Luxury: Policy Support for Growth & Sustainable Business

    Ricky Vasandani, CEO, Solitario
    Lab-grown diamonds represent a sustainable future for the luxury sector. The government should introduce favorable policies and reduced import duties to make Indian brands globally competitive. Simplifying compliance for sustainable businesses will encourage more brands to adopt ethical and eco-friendly practices.

    Shrishti Yadav & Shubham Godara, Co-founders, SCINQ Neurocosmetics
    The beauty and skincare industry faces complex GST structures. A more uniform and streamlined tax framework will lower costs for both businesses and consumers. Policies supporting e-commerce-driven beauty brands will accelerate the sector’s digital transformation and global reach.

    Aji Nair, CEO, Hitchki
    The F&B sector needs urgent reforms. Restoring the GST Input Tax Credit (ITC) will significantly lower operational costs for restaurants. Additionally, revising GST on commercial leases under the Reverse Charge Mechanism will ease financial burdens and improve business efficiency.

    Education & CSR: Future-Ready India & Social Impact Initiatives

    Ajay Singh, Principal, The Scindia School
    Education funding should be a top priority, with increased budget allocations for STEM initiatives, digital learning, and faculty training. Encouraging global collaborations will further innovation in the sector and prepare Indian students for international competitiveness.
    Shaina Ganapathy, Head of CSR, Embassy Group
    Budget 2025 should focus on green infrastructure, sustainability, and education funding. Increased investments in renewable energy, waste management, and digital literacy programs will drive long-term social and environmental benefits.
    Final Thoughts: A Budget That Shapes India’s Growth Path
    With high expectations across real estate, finance, healthcare, energy, and manufacturing, the Union Budget 2025-26 will play a defining role in India’s economic, technological, and industrial progress.
    Industry leaders are looking for policy clarity, fiscal incentives, and structural reforms to ensure sustainable development, job creation, and digital inclusion. Whether it’s boosting home affordability, incentivizing AI-driven automation, or expanding healthcare access, this budget has the potential to unlock new opportunities and solidify India’s position as a global powerhouse.

    What are the biggest expectations from Union Budget 2025-26?

    Industry leaders are looking forward to tax reforms, higher infrastructure investments, and financial incentives for real estate, startups, and healthcare. Key expectations include:
    Home loan tax benefits for middle-class buyers
    GST rationalization for businesses
    PLI scheme expansion for AI-driven manufacturing
    Healthcare funding for Ayushman Bharat & medical devices

    How will Budget 2025 impact real estate and banking?

    The real estate sector is expecting lower interest rates on home loans, simplified GST for under-construction properties, and industry status for easier financing. Banking leaders are calling for tax exemptions on life insurance premiums and pension schemes.

    What tax reforms are expected in the Union Budget 2025?

    Experts predict an increase in income tax deduction limits, rationalization of GST rates, and corporate tax relief for startups and MSMEs to boost economic growth.

    How will India’s healthcare sector benefit from Budget 2025?

    Healthcare professionals expect lower GST on medical equipment, expanded insurance coverage for fertility treatments, and greater public healthcare spending.
    Prittle Prattle News: Featuring You Virtuously
    At Prittle Prattle News, featuring you virtuously, we celebrate commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change.
    Follow us on LinkedIn, Instagram, and YouTube for more industry insights and exclusive coverage.

  • PolyCycl’s Breakthrough in Chemical Recycling: A Game-Changer for India’s Plastic Crisis

    New Technology Pioneers a Plastic-to-Plastic Circular Economy, Cutting Waste and Reducing Carbon Footprint

    India is grappling with an escalating plastic waste crisis, generating over 10.2 million tonnes annually. With 40% of this waste classified as single-use plastic, traditional recycling methods fail to handle contaminated and flexible plastics, leading to pollution across landfills, drainage systems, and oceans.
    PolyCycl, an emerging leader in circular economy technologies, has unveiled Generation VI, an indigenous chemical recycling technology that converts low-value plastics into high-quality, food-safe polymers, sustainable fuels, and renewable chemicals. This innovation eliminates the need for downcycling or landfill disposal, creating a true circular economy for plastics.
    PolyCycl’s patented ContiFlow Cracker™ technology thermally transforms plastic waste into virgin-equivalent raw materials, enabling their reuse in FMCG, pharmaceutical, and high-performance packaging applications. With a lower capital cost and higher efficiency than similar chemical recycling technologies in Europe and the U.S., Generation VI represents a leap forward in India’s fight against plastic pollution.

    Breaking the Plastic Pollution Cycle: How PolyCycl’s Generation VI Works
    – Pyrolysis-Based ContiFlow Cracker™: A fully-continuous thermo-chemical process that converts single-use and hard-to-recycle plastics into purified liquid hydrocarbons.
    – PyOilClean™ Refining Technology: Removes contaminants such as halogens and heteroatoms, producing high-value, circular chemical feedstocks.
    – Plastic-to-Plastic Recycling: Instead of downcycling, this process restores waste plastics to their original polymer form, making them suitable for food packaging, pharmaceutical containers, and high-performance materials.
    Unlike mechanical recycling, which degrades plastics over time, chemical recycling ensures that every recycled polymer meets virgin-quality standards, maintaining strength, safety, and durability.
    – Most plastic recycling today results in low-grade materials that can’t be reused for high-value applications,-  says Amit Tandon, Founder & CEO of PolyCycl. – Our technology breaks plastics down to their molecular building blocks, allowing them to be reconstituted into new, high-performance materials.

    Scalability and Cost-Efficiency: A Breakthrough for India’s Plastic Waste Management
    One of the biggest challenges in plastic waste recycling is scalability. PolyCycl’s technology solves this with a modular design, enabling processing capacities of 15 to 100 tons per day (TPD).

    ✅ Lower Costs, Higher Returns: The capital cost is 50-75% lower than competitors such as BASF and Dow Chemical, making large-scale adoption feasible.
    ✅ Industry-Leading Conversion Rates: Yields 65-75% chemical feedstock recovery, ensuring minimal waste.
    ✅ Profitable & Sustainable: With a project EBITDA exceeding 50%, it combines economic viability with environmental impact.
    India’s Extended Producer Responsibility (EPR) rules require brands to use 10% recycled content in flexible packaging and 30% in rigid plastics by 2025-26. PolyCycl’s technology is designed to help FMCG giants like Unilever, Nestlé, and Hindustan Unilever meet these requirements seamlessly.

    A Step Towards a Circular Economy in Plastic Waste Management
    With three out of four FMCG products in India packaged in flexible plastics, the need for sustainable alternatives has never been greater.
    – The plastic waste problem is complex and requires multiple solutions,-  says Amit Tandon. – From better product design and stronger EPR policies to innovative recycling technologies, we need a multi-pronged approach. Our goal is to make chemical recycling mainstream and enable true circularity in plastics.- 
    By reducing reliance on fossil-based raw materials by up to 90% and cutting greenhouse gas emissions by 40%, PolyCycl’s Generation VI technology is poised to redefine India’s sustainability roadmap.
    At Prittle Prattle News, featuring you virtuously, we celebrate 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.

  • Gensol EV Secures 30,000 Pre-Orders for EZIO and EZIBOT at Bharat Mobility Expo 2025

    Showcasing revolutionary urban electric vehicles, Gensol EV earns overwhelming praise and redefines India’s EV landscape with its sustainable mobility solutions.

    Gensol Electric Vehicles Pvt. Ltd. (GEVPL), a subsidiary of Gensol Engineering Limited (BSE: 542851, NSE: GENSOL), captivated audiences at the Bharat Mobility Global Expo 2025 with the unveiling of its micro urban EV, EZIO, and last-mile delivery EV, EZIBOT. The company announced 30,000 pre-orders for its innovative vehicles, reflecting the market’s enthusiasm and trust in Gensol’s cutting-edge solutions for urban mobility and fleet operations.
    A New Era of Urban Mobility: The Revolutionary EZIO and EZIBOT
    EZIO: Compact Urban Commuting Redefined
    The EZIO is a 2-door, 2-seater electric vehicle designed to tackle the challenges of city commuting. Its innovative reverse trike design reduces weight, enhances stability, and optimizes energy efficiency, making it a game-changer for fleet operators and shared mobility platforms.

    Key Features of EZIO:

    • Compact and Practical Design: The reverse trike structure improves maneuverability, solves parking challenges, and provides optimized rear storage, ideal for dense urban environments like Mumbai and Delhi.
    • Exceptional Range and Charging Efficiency: A range of 200 km per charge, with 2-3 hours for a full charge, makes it a leader in its segment for energy efficiency.
    • Affordable Operations: Running costs as low as ₹0.50-₹0.60 per km, offering fleet operators savings of up to 80% compared to petrol vehicles.
    • Uncompromised Safety: A high-tensile steel space frame chassis ensures durability, supported by rigorous testing over 100,000 km under diverse conditions.

    EZIBOT: Revolutionizing Last-Mile Delivery
    The EZIBOT, a cargo and delivery-focused EV, addresses India’s growing logistics needs. Designed for last-mile delivery services in urban settings, it boasts efficiency, affordability, and an eco-friendly footprint, aligning with India’s push for sustainable logistics solutions.

    Leadership Vision: A Commitment to Sustainability and Innovation
    At the unveiling, Anmol Singh Jaggi, Managing Director, Gensol Engineering Ltd., shared:
    The Bharat Mobility Show provided the perfect platform to showcase EZIO, a vehicle designed to revolutionize urban commuting. At Gensol EV, our mission is to create purpose-driven mobility solutions that tackle real challenges, such as traffic congestion, rising pollution, and the need for affordable fleet operations. EZIO represents our commitment to delivering innovative products, Made in India, for the world.

    Pratik Gupta, CEO, Gensol EV, highlighted the enthusiastic market response:
    With 30,000 pre-orders for EZIO and EZIBOT, we’re thrilled by the confidence the market has shown in our vision. As we gear up for production at our state-of-the-art facility in Chakan, Pune, and launch in key cities like Bangalore and Delhi, we aim to accelerate India’s transition to smarter, greener mobility solutions.
    Engaging Audiences at Bharat Mobility Expo 2025
    Gensol EV’s booth at the Bharat Mobility Global Expo featured interactive presentations and live demos, offering attendees a hands-on experience of EZIO’s cutting-edge features. Industry leaders, fleet operators, and media praised the vehicles’ purpose-driven design and Gensol’s vision for sustainable urban mobility.

    About Gensol Engineering Limited

    Gensol Engineering Limited, established in 2012, is a leading player in the renewable energy sector, specializing in solar EPC (engineering, procurement, and construction) services and electric mobility solutions.

    Key Highlights of Gensol’s Journey:

    • Successfully executed 770 MW of diverse solar projects, including rooftop, ground-mount, and floating solar installations.
    • Acquired Scorpius Trackers, a world-class single-axis solar tracking solution provider, in 2023.
    • Established an EV manufacturing facility in Chakan, Pune, with a production capacity of 30,000 vehicles annually.
    • Certified by Automotive Research Association of India (ARAI), Gensol’s EVs meet rigorous standards for quality, safety, and sustainability.

    In addition to EV manufacturing, Gensol offers comprehensive EV leasing solutions, catering to public sector units (PSUs), multinational corporations, government bodies, and logistics providers.
    Gensol is also contributing to Battery Energy Storage Systems (BESS) and the Green Hydrogen economy, driving India’s transition to a cleaner, more sustainable energy future.

    A Bold Step Toward Sustainable Mobility
    The unveiling of EZIO and EZIBOT marks a new chapter in India’s electric mobility landscape. With production set to commence at its Pune facility and a clear focus on urban transportation and last-mile delivery, Gensol EV is poised to lead the way in making eco-friendly vehicles accessible to the masses.
    For more updates, follow Gensol EV on:
    At Prittle Prattle News, “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, Twitter, Instagram, and YouTube for more stories that matter. For additional insights and updates, visit Prittle Prattle News.

  • Torrent Pharma’s Strategic Focus Powers Domestic Growth in Q3 FY25

    Torrent Pharma reinforces its leadership in domestic formulations while focusing on operational efficiency and profitable growth across global markets, despite external challenges.

    Torrent Pharmaceuticals (TRP) continues to strengthen its market position, achieving consistent growth in Q3 FY25, led by its robust domestic formulations (DF) business. The company navigated currency-related headwinds in Brazil and subdued activity in the US generics market, showcasing resilience through its strategic focus on profitable growth and market expansion.

    Key Highlights of Q3 FY25 Performance
    Adjusted PAT witnessed a significant 32% YoY growth, reaching ₹5 billion.
    Domestic Formulations Driving Growth
    Torrent Pharma reported an 11.7% YoY growth in DF revenue, reaching ₹15.8 billion, which accounted for 56% of total sales. The growth is attributed to:

    • Strategic addition of medical representatives (MRs) to enhance market penetration.
    • Continued expansion in the consumer health segment, contributing to sustained leadership in branded generics.

    Stable International Operations Amid Challenges

    • Germany: Sales increased by 4.4% YoY to ₹2.8 billion, supported by incremental tender wins in the European Union.
    • US Generics: Stable at ₹2.7 billion (USD 32 million), reflecting consistent performance despite limited approvals, a critical market regulated by the US FDA.
    • LATAM: Revenue declined by 6.7% YoY to ₹2.9 billion due to a 17% depreciation in the Brazilian Real (BRL).

    Profitability Highlights

    • Gross margins improved by 160 basis points (bps) YoY to 76%, driven by a favorable product mix.
    • EBITDA margins rose by 70 bps YoY to 32.5%, reflecting effective cost optimization despite increased employee costs.
    • Adjusted PAT witnessed a significant 32% YoY growth, reaching ₹5 billion.

    Nine-Month Performance Snapshot (9M FY25)
    Torrent Pharma’s consistent operational performance is evident in its 9M FY25 results, with:

    • Revenue growth of 7.2% YoY to ₹85.6 billion.
    • EBITDA growth of 11.8% YoY to ₹27.8 billion.
    • PAT growth of 24.6% YoY to ₹14.3 billion.

    Management Outlook: Strategic Focus for Q4 FY25

    • Insulin Contract Manufacturing Operations (CMO): The delayed dispatch of insulin products will begin in January 2025, adding momentum to Q4 FY25 revenue.
    • Brazil Market: Torrent Pharma is optimistic about 20 products under review with ANVISA, paving the way for future LATAM expansion.
    • Germany: Expected high-single-digit growth in FY25, supported by recent tender wins.
    Future Growth Drivers
    Torrent Pharma is strategically positioned for growth, driven by:
    1. Leadership in Domestic Formulations: Expanding reach through consumer health and medical representatives reinforces its top position in branded generics.
    2. Operational Efficiency: Sustained EBITDA margins highlight the company’s cost management expertise.
    3. Inorganic Opportunities: Torrent Pharma’s robust free cash flow (FCF) will reduce leverage and enable future acquisitions.
    With a projected CAGR of 15% in revenue, 18% in EBITDA, and 28% in PAT over FY25-FY27, the company is on track for consistent and profitable growth.
    Torrent Pharmaceuticals is a leading Indian company specializing in branded generics, with a strong presence in domestic formulations and key international markets like Germany, Brazil, and the US. With a commitment to innovation and operational excellence, Torrent Pharma continues to deliver high-quality healthcare solutions worldwide. At Prittle Prattle News, featuring you virtuously, we spotlight inspiring stories of innovation and resilience. Led by Editor-in-Chief Smruti Bhalerao, we are dedicated to delivering impactful narratives. Follow us on LinkedIn, Instagram, and YouTube.