India’s pre-engineered building major reports highest-ever revenue, announces maiden dividend, and outlines 40,000 MT capacity expansion
Category: Economy
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Ester Industries Posts ₹14 Cr Consolidated Profit in FY25, Marks Turnaround with 4735% EBITDA Growth
Specialty polymers and recycled PET drive recovery. BOPET Films gain momentum as sustainability mandates take effect
Ester Industries Ltd., India’s leading manufacturer of polyester films and specialty polymers, reported a consolidated net profit of ₹14 crore for FY25, marking a significant recovery from a loss of ₹121 crore in FY24. The company’s EBITDA surged to ₹164 crore, up from just ₹3 crore the previous year. This represents a year-on-year increase of over 4735 percent.
This turnaround was driven by growth in both primary business segments. Polyester film and specialty polymers each contributed to improved margins. Demand for recycled PET, alongside a strategic product mix shift, added further momentum. Total consolidated revenue for FY25 stood at ₹1,298 crore, up 19 percent from ₹1,090 crore in FY24.
Chairman Arvind Singhania credited the transformation to increased focus on high-value products and leaner operations. He cited stronger demand-supply alignment and expansion of the specialty polymers division as core drivers.Polyester Films Respond to New Environmental Compliance
The film business returned to profitability in FY25 with a 15 percent rise in operational revenue. The improved performance was largely driven by better margins in value-added BOPET films. Following the April 2025 enforcement of India’s Plastic Waste Management Rules, which require 10 percent recycled content in flexible packaging, demand for recyclable polyester films is surging.
Ester confirmed that it holds the necessary certifications to supply BOPET films with varied levels of post-consumer recycled (PCR) content. The company anticipates further growth in this segment as brand owners adopt more environmentally compliant packaging solutions.
Specialty Polymers Showcase Strong Momentum
The specialty polymers business continued its upward trajectory. Revenue in this segment increased 72 percent year-on-year. EBIT rose 164 percent compared to FY24. Sales of Ester’s proprietary MB03 increased from 948 metric tonnes to 1,323 metric tonnes. Sales of innovative PBT products nearly doubled from 772 metric tonnes to 1,484 metric tonnes in FY25.
Recycled PET products also recorded significant gains. Although margins in this sub-segment are lower than in traditional specialty polymers, volume growth and higher realizations contributed positively to overall performance.Strategic Circular Economy Push with Loop Industries
Ester reaffirmed that its joint venture with Canadian recycling leader Loop Industries Inc. is proceeding as planned. The 50:50 venture, named Ester Loop Infinite Technologies Pvt. Ltd., aims to develop India’s first infinite loop manufacturing facility for DMT and MEG production from PET waste using Loop’s patented depolymerization technology.
The facility supports India’s transition toward a circular plastics economy and complements Ester’s ongoing push to evolve from commodity film manufacturing to sustainable materials leadership.
Financial Performance Overview
The standalone EBITDA reached ₹134 crore in FY25, compared to ₹23 crore in FY24, while consolidated revenue rose 19 percent to ₹1,298 crore. The EBITDA margin improved sharply to 13 percent, up from just 0.3 percent a year ago. Net profit for the consolidated business reached ₹14 crore after a previous loss of ₹121 crore. The board has proposed a final dividend of ₹0.60 per equity share, pending shareholder approval at the upcoming AGM.Building for Sustainability and Scale
Ester Industries holds over 18 granted patents and maintains three advanced manufacturing sites across India. The company exports to more than 50 countries across North America, Europe, Asia-Pacific, and the Middle East. It services diverse sectors including flexible packaging, textiles, consumer electronics, and technical applications.
With a 550-member workforce and ISO 9001, ISO 14001, ISO 45001, ISO 50001, and FSSC certifications, Ester aims to further expand its leadership in sustainable plastics innovation.At Prittle Prattle News, we honor your dedication and inventiveness led by showcasing you in a positive light. Under the direction of Editor-in-Chief Smruti Bhalerao, our platform is committed to disseminating powerful narratives that raise awareness and motivate change. For more important stories, follow us on LinkedIn, Instagram, and YouTube.
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Naptapgo Raises ₹2 Crore from Inflection Point Ventures to ExpandPod Hotel Model Across Urban and Religious India
Backed by PSU Balmer Lawrie and endorsed by Anand Mahindra, the startup plans 20 properties by FY27, offering flexible, tech-driven hospitality at transit hubs and city centres; founders Nitin Malhotra and Himanshu Shukla aim to redefine short-stay travel for India’s growing mobile population
Naptapgo, a pod hotel startup redefining affordable hospitality, Naptapgo secures ₹2 Cr funding in Pre-Seed round from Inflection Point Ventures. The funds will be used to drive growth across key areas like franchise development, marketing, technology enhancements, and developing innovating techniques to enhance customer experience. This strategic investment will accelerate Naptapgo’s expansion across urban and religious hubs, strengthening its commitment to offering clean, affordable, and flexible accommodations at affordable price.
Naptapgo is pioneering a new hospitality model by providing affordable luxury through compact, efficient spaces. The startup operates in the NCR business city vertical and will expand to religious cities like Katra and Amritsar in FY26, aiming to reach 20 properties by FY27. Its innovative approach, including flexible check-ins, hourly stays, and sustainability-driven operations, sets it apart in the competitive hospitality market.Founded by Nitin Malhotra (Founder & CEO) and Himanshu Shukla (Co-Founder & VP Ops), Naptapgo is backed by their extensive industry experience. Nitin, an MBA graduate from Symbiosis and incubated at IIML, previously founded 247around (acquired) and held leadership roles at Texas Instruments and ST Microelectronics. Himanshu, also incubated at IIML, brings deep hospitality expertise from his tenure at Chaayos, Taj, and Jaypee Resorts, supported by his hotel management background from IHM Lucknow. Together, they aim to disrupt the hospitality industry with innovative, guest-centric solutions.
Vinay Bansal, Founder & CEO, IPV, says ‘The hospitality industry is at its peak with globalisation and digital connectivity, yet customer satisfaction has not kept pace. Over the time, hotel prices have surged while service standards have remained stagnant. NapTapGo is changing this by offering an innovative pod-hotel experience at an economical price without compromising on quality. Its accessibility and affordability for luxury spaces connects with millions of travelers seeking short-stay accommodations. At IPV, we believe NapTapGo is poised to tap into a massive market of travelers looking for smart, cost-effective lodging solutions”
Naptapgo’s rapid expansion is fueled by its unique operational model. Currently active in NCR, the startup plans to launch properties in Gurgaon, Bangalore, Mumbai, Katra and Amritsar, with a goal of 20 properties by FY27. The company’s ability to achieve 65% direct bookings through its website and WhatsApp channel underscores its customer-centric approach and operational efficiency.
A key strength of Naptapgo lies in its affordable luxury model, combining strategic location focus, compact efficiency, and flexible stay options through strong technology plugins. The company’s commitment to sustainability and operational excellence ensures an optimized guest experience while maintaining cost efficiency. This innovative model has earned Naptapgo accolades such as “Franchisable Concept of the Year 2024” and “Best Booth of the Year 2024.”Nitin Malhotra & Himanshu Shukla, Co-Founders of NapTapGo, says, “We have had an incredible journey with the IPV team, receiving constructive feedback that has strengthened our business framework. At Naptapgo, our goal is to be a significant player in the $1300 billion global hotel market, starting with India, and to redefine the perception of the Indian affordable hotel segment. Customer experience remains our key differentiator as we strive to create value for both our franchises and shareholders.”
Naptapgo has garnered significant industry recognition, including a strategic investment from Government of India PSU Balmer Lawrie and a notable endorsement from Anand Mahindra, who highlighted how the startup addresses the affordable hospitality challenge.The Indian hotel industry is valued at $30 billion and is projected to grow to $55 billion by 2030, with an annual growth rate of 10.8%. Globally, the market is worth $1300 billion, presenting a substantial opportunity for Naptapgo as it scales its innovative hospitality model
out Naptapgo:Naptapgo is a pod hotel startup offering clean, hygienic, and affordable accommodations for modern travelers. Under its strategically envisioned verticals, transit hubs, religious locations, urban centers, and hospitals, Naptapgo redefines short-stay experiences with innovative AI technology, flexible check-ins, and a focus on sustainability. With properties in Noida and upcoming locations in Katra, Amritsar, and Gurgaon, the company is rapidly expanding across India.Inflection Point Ventures (IPV) is an angel investing platform with over 23,500+ CXOs, HNIs, and Professionals to together invest in startups. The firm supports new-age entrepreneurs by providing them with monetary & experiential capital and connecting them with a diverse group of investors. IPV has launched a $50 Mn CAT 2 VC fund, Physis Capital, to invest in Pre-Series A to Series B growth-stage start-ups. The fund has already deployed capital in two startups so far, with a few deals in advanced stages of pipeline.
At Prittle Prattle News, we honor your dedication and inventiveness led by showcasing you in a positive light. Under the direction of Editor-in-Chief Smruti Bhalerao, our platform is committed to disseminating powerful narratives that raise awareness and motivate change. For more important stories, follow us on LinkedIn, Instagram, and YouTube.
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NLB Services Launches BrandPipal, Targets $25 Million Revenue and 20X Growth in Martech by 2030
With over 75 experts and a 500-member vision, the firm eyes 1800+ GCCs, MSMEs, and global expansion under Ashima Kakar’s leadership
Mumbai, May 6, 2025 – In a major strategic shift, NLB Services, a leading global digital talent and workforce solutions firm headquartered in Alpharetta, Georgia, has announced the launch of BrandPipal, its new standalone marketing and employer branding venture. With a sharp focus on Martech, data-led storytelling, and digital marketing, BrandPipal aims to capture the growing global demand for integrated branding solutions, and scale its operations twenty-fold within five years.
BrandPipal begins operations with a 75-member founding team and a mandate to scale to over 500 professionals. The firm targets a revenue milestone of $25 million by 2030. With a defined play across Global Capability Centers (GCCs), MSMEs, and enterprise clients in North America and the LATAM region, it marks NLB Services’ strategic foray beyond its core talent business into a full-fledged marketing and brand-building ecosystem.
“The launch of BrandPipal is a reflection of our long-term vision to evolve as a full-spectrum business solutions partner,” said Sachin Alug, CEO of NLB Services. “As Generative AI and automation reshape the business landscape, the need to blend data-backed insights with authentic storytelling has never been stronger. BrandPipal will help our clients lead with purpose and scale with precision.”BrandPipal enters the market at a time when the branding landscape is undergoing rapid transformation. With more than 1,800 GCCs already operational in India and an estimated 400 new centers expected to launch in the next five years, the demand for differentiated employer branding, performance marketing, and AI-integrated campaigns is peaking.
The firm will offer sector-specific solutions such as go-to-market strategies, online reputation management, content marketing, influencer programs, visual identity design, digital assets, and analytics.
“This is a turning point for us,” said Ashima Kakar, Co-founder of BrandPipal and Head of Marketing at NLB Services. “We want to work with companies that have a clear purpose and help them build credibility, visibility, and identity in a digital-first world. Today, marketing is not just about creative visuals, it’s about combining strategy with storytelling, backed by data and AI maturity.”
BrandPipal has already secured several early clients across AI startups, global system integrators, the publishing sector, and the travel industry. It plans to prioritize onboarding high-impact clients within its first year, offering solutions that cut across brand building, recruitment marketing, and digital engagement.NLB Services brings to this initiative its strong legacy of working with over 100 Fortune 500 companies, helping them with talent branding and workforce strategy. BrandPipal extends this experience into a new growth vertical with deeper capabilities in employer brand strategy, martech platform design, and AI-powered performance analysis.
With marketing becoming one of the most crucial verticals in organizational success, BrandPipal aims to fill the whitespace that exists between design firms and traditional agencies. It positions itself as a hybrid solution provider: one that brings together the intelligence of an analytics firm, the storytelling finesse of a content studio, and the business discipline of a consultancy.
The expansion into branding is timely. As global organizations increasingly set up GCCs across India, there is rising demand for agencies that understand both the local hiring landscape and the global brand expectations. NLB Services, with its roots in staffing and operations, is uniquely placed to serve this dual mandate.
BrandPipal’s five-year roadmap includes:- Serving 1800+ existing and 400 upcoming GCCs with dedicated brand engagement teams
- Expanding its reach across North America, LATAM, and other emerging markets
- Growing its expert team from 75 to 500+
- Generating $25 million in revenue through diversified service offerings
This move repositions NLB Services not just as a talent provider, but as a technology-enabled solutions partner, responding to the needs of modern businesses navigating talent wars, digital competition, and brand identity challenges.
“We are not here to replace traditional agencies, we’re here to raise the bar,” Ashima added. “Our aim is to build profitable, authentic, and purpose-led brands that connect deeply with customers, talent, and communities.”About NLB Services
NLB Services is a global talent, skilling, and digital transformation partner headquartered in Alpharetta, Georgia, with operational hubs across India, LATAM, and Europe. Its services span digital workforce solutions, operations management, and tech transformation strategies.
About BrandPipal
BrandPipal is a marketing and employer branding firm under NLB Services. It specializes in storytelling, AI-driven campaign design, performance analytics, and strategic branding for growing and global enterprises.At Prittle Prattle News, we honor your dedication and inventiveness led by showcasing you in a positive light. Under the direction of Editor-in-Chief Smruti Bhalerao, our platform is committed to disseminating powerful narratives that raise awareness and motivate change. For more important stories, follow us on LinkedIn, Instagram, and YouTube.
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Ace Designers Raises ₹1,200 Crore from Kotak Alts to Expand CNC Manufacturing Operations
The Bengaluru-based tool maker plans to use the capital to build new capacity, extend product lines, and sharpen its international footprint.
Kotak Alternate Asset Managers, the investment arm of Kotak Mahindra Group, has invested ₹1,200 Crore in Ace Designers Limited, a Bengaluru-headquartered company that makes CNC turning and machining centres. This is among the largest private capital commitments in India’s manufacturing equipment sector in recent months.
Ace Designers is one of the original companies behind the Ace Micromatic Group, a consortium of Indian firms that focus on precision engineering tools. Founded in 1979 by three engineers from the Central Manufacturing Technology Institute, the company initially started as a design consultancy. It now leads the domestic market for CNC machinery with annual production of more than 8,000 turning centres and 3,400 machining centres.
The firm’s projected revenue for FY24–25 stands above ₹2,400 Crore. Its products are used by mid-sized and large manufacturers across sectors, including automotive components, aerospace suppliers, and industrial fabrication units. Ace also exports its machines to clients across Europe, Asia, North America, and the Middle East.Engineering Expansion and New Facilities
The capital infusion will fund a new manufacturing unit, modernisation of assembly lines, and hiring of trained personnel. In a statement, promoter SG Shirgurkar said the investment will help the company “accelerate its work in automation and technology development.” He noted that the company aims to strengthen its service and support network alongside growing its footprint.
“This is not just about building more machines. It’s about making sure the industry has access to better, faster, and more cost-efficient tools,” he said.
TK Ramesh, Managing Director of Ace Designers, added that the company is focused on addressing technology gaps that often hold back Indian equipment manufacturers. “With the right support, we want to build machines that meet global quality standards at scale. This investment helps us take a long-term view,” he said.Why Kotak Alts Backed This Bet
Kotak Alternate Asset Managers, which manages investments across private equity, real estate, and infrastructure, has been steadily increasing its exposure to domestic manufacturing.
Eshwar Karra, Managing Partner at Kotak Alts, said, “We’re focused on backing companies that have a long operating history, an engineering-first culture, and real user trust. Ace fits that lens perfectly. It’s a business that scaled over time and hasn’t chased valuation games.”
Rahul Chhaparwal, Partner at Kotak Alts, said the fund sees Ace’s next few years as critical. “We see solid demand ahead, especially in export-linked tooling and component manufacturing. Our goal is to support Ace as it takes on larger projects and scales its customer base,” he said.CNC Machines at the Core of India’s Industrial Growth
Computer Numerical Control (CNC) machines are used in high-precision cutting, shaping, and drilling of components. Industries such as electric vehicles, medical devices, energy, and heavy machinery depend on these systems to produce parts consistently.
India has been pushing to localise more of its manufacturing stack, and CNC machinery is one of the key enablers of this effort. Ace Designers has been part of government-linked skilling initiatives and has supplied equipment to vocational institutions and smaller machine shops across industrial clusters.
The company also runs R&D facilities in Bengaluru and collaborates with partner firms under the Ace Micromatic umbrella to improve cost-efficiency and reliability.
A Broader Industrial Shift
Industry observers say that large investments like this signal renewed interest in India’s domestic manufacturing supply chain. With many companies diversifying away from China, firms like Ace that can meet volume and precision needs stand to benefit.
Ace says it will also use the new capital to upgrade its training labs and digital integration tools that allow clients to monitor machine health and output remotely.Final Word
This funding round reflects a shift in how long-term capital is moving within the Indian manufacturing landscape. It marks a rare instance of a pure-play machine tool company raising significant growth capital without tapping the public markets.
At Prittle Prattle News, featuring you virtuously, we continue to spotlight partnerships that are reshaping India’s industrial capacity from the inside out.
For deeper stories on engineering, industrial growth, and capital movements in manufacturing, visit Prittle Prattle News.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, Instagram, and YouTube for more stories that matter.
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From Insurance to Exports: How InsuranceDekho, AbhiBus, Lucira, AIC-BIMTECH, and Being Exporter are Transforming India’s Start-up Ecosystem in April 2025
With pioneers like Pankaj Singh, Rupesh Jain, and Bhagirath Goswami leading the charge, India’s start-ups are scaling new heights in innovation, partnerships, and growth.
April 2025 stands as a testament to India’s evolving entrepreneurial spirit. Start-ups across sectors, insurance, transport, luxury retail, global trade, and innovation ecosystems, are setting benchmarks that reflect both ambition and execution. Ventures like InsuranceDekho, AbhiBus, Lucira, AIC-BIMTECH, and Being Exporter are not just reshaping traditional business models but pushing India’s start-up story onto the global map. Leaders such as Pankaj Singh, Rupesh Jain, and Bhagirath Goswami highlight the human journeys and visionary strategies that define this growth.
InsuranceDekho: Pankaj Singh’s Inspiring Journey in the Insurance Sector
InsuranceDekho, one of India’s leading insurtech firms, celebrates the rise of Pankaj Singh, Regional Sales Head, whose personal journey embodies resilience and success. From his roots in Ballia, Uttar Pradesh, Pankaj transitioned from limited means to leading a team of over 11,000 agents, serving more than 12,000 families. InsuranceDekho’s mission to empower micro-entrepreneurs in both urban and rural markets gave Pankaj the platform to thrive. Backed by GirnarSoft, InsuranceDekho stands at the intersection of technology and financial inclusion, helping many like Pankaj build sustainable careers in insurance.AbhiBus Becomes Official Bus Travel Partner of Chennai Super Kings for T20 2025
AbhiBus, one of India’s top bus ticketing platforms, has partnered with Chennai Super Kings (CSK) as the Official Bus Travel Partner for the T20 2025 season. This collaboration brings together the excitement of cricket and the convenience of travel for millions of fans. AbhiBus will launch fan-centric campaigns featuring co-branded promotions, match-linked travel offers, and engaging content to enhance the game-day experience. As part of the offer, fans can avail 70% off up to ₹400 plus ₹300 cashback using the code THALA7 on Tamil Nadu routes. Saahil Goel, COO, AbhiBus, stated, “Partnering with CSK helps us deliver seamless travel as part of the cricket experience.” Kasi Viswanathan, MD, CSK, welcomed the association, highlighting shared values of trust and performance. AbhiBus, operated by ixigo, serves over 100,000 routes across India and continues to innovate in the travel-tech space.Rupesh Jain Launches Lucira, India’s New Luxury Lab-Grown Diamond Brand
Rupesh Jain, founder of Candere, has launched Lucira, a fine jewellery brand focused on lab-grown diamonds, blending ethical luxury with cutting-edge personalization. Built for today’s conscious consumer, Lucira celebrates proposals, weddings, and personal milestones with design-led, sustainable jewellery. Inspired by the word Lucent, meaning to shine, Lucira offers certified lab-grown diamonds, handcrafted with recycled gold, and enriched with AI-powered customization. “Lucira is about elevating meaningful moments with timeless design and ethical brilliance,” Jain shared. The brand, now available online across India, plans to open flagship stores in metro cities, aiming for global expansion within two years. With five exclusive signature cuts and a strong focus on bridal jewellery, Lucira positions itself as the “Rings King”, redefining luxury for a new generation. Backed by India’s robust diamond manufacturing ecosystem, Lucira aspires to lead the global lab-grown diamond movement with a purpose-driven approach.AIC-BIMTECH and GCCI Partner to Take Indian Start-ups Global
AIC-BIMTECH has signed a strategic Memorandum of Understanding (MoU) with the Global Chamber of Commerce and Industry (GCCI), aiming to provide Indian start-ups with access to international markets, trade networks, and innovation platforms. The agreement was formalized at the International Smart City Conclave held at Gautam Buddha University. With over 400 start-ups incubated, AIC-BIMTECH is now set to expand its reach globally, collaborating on training programs, business forums, and cross-border learning opportunities. Dr. Prabina Rajib, Director, BIMTECH, emphasized the institute’s dedication to entrepreneurship and global knowledge sharing. Aashish Gupta, CEO of GCCI, reinforced their commitment to global business cooperation. Supported by national initiatives like Atal Innovation Mission, AIC-BIMTECH continues to lead grassroots innovation, contributing to the vision of Viksit Bharat 2047.Being Exporter Empowers Agri-Entrepreneurs at National Export Event in Nashik
Being Exporter, led by Bhagirath Goswami, hosted a transformative agri-export event in Nashik, uniting 155 exporters and aspiring exporters from across India. The two-day program combined strategic training with field experiences, offering practical insights into India’s booming agro export market. Participants explored every aspect of the export value chain, from farm visits to packaging houses, bridging the gap between theory and practice. Training modules focused on pitching agro commodities, connecting with buyers, and scaling export operations. Bhagirath Goswami emphasized the potential for agro exports to uplift both exporters and farmers. “Agri exports, though modest in margin, offer consistent demand and vast opportunities,” he noted. Farmers engaged during field visits highlighted the need for direct export engagement to stabilize prices and demand. The event underscored the importance of collaboration between farmers, infrastructure, and exporters to drive sustainable growth. Being Exporter continues to enable entrepreneurs from all walks of life to go global, strengthening India’s economic and rural landscape.Conclusion
From insurtech to exports, April 2025 highlights the diversity and strength of India’s start-up movement. InsuranceDekho, AbhiBus, Lucira, AIC-BIMTECH, and Being Exporter reflect a new wave of ventures grounded in local realities but driven by global ambitions. Guided by leaders like Pankaj Singh, Rupesh Jain, and Bhagirath Goswami, these companies not only reshape their sectors but also contribute to India’s growing influence in global entrepreneurship.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, Instagram, and YouTube for more stories that matter.
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LIC, Mphasis, IEX, Infra.Market, Edelweiss, and Morepen Report Strong FY25 Growth and Innovations
India’s leading executives including Nitin Rakesh, Aaditya Sharda, Radhika Gupta, Kapil Jain, and Sushil Suri drive key fiscal and innovation milestones in their respective industries.
India’s economic landscape in FY25 has been marked by resilience, innovation, and sectoral leadership, with top corporates reporting robust growth across finance, infrastructure, energy, and healthcare. Companies such as Life Insurance Corporation of India (LIC), Mphasis, Indian Energy Exchange (IEX), Infra.Market, Edelweiss Mutual Fund, and Morepen Laboratories have demonstrated not only financial strength but also a clear vision for the future, underpinned by strategic innovation and sustainable practices. From record-breaking premiums by LIC, to AI-powered engineering at Mphasis, and green infrastructure leadership from Infra.Market, these organizations have charted a course for India’s dynamic growth. Spearheaded by industry leaders Nitin Rakesh, Aaditya Sharda, Radhika Gupta, Kapil Jain, and Sushil Suri, these companies are setting new standards, both locally and globally.
LIC Reports ₹2.27 Trillion in New Business Premiums for FY25, Hits Lifetime High in Individual Premiums
LIC achieved a remarkable milestone with ₹2.27 trillion in New Business Premiums (NBP) for FY25, including an all-time high of ₹62,405 crore in individual premiums. The corporation, which dominates over 57% of the life insurance market in India, saw individual premiums grow by 8.35% year-on-year, affirming public trust in its services. Despite regulatory shifts such as the new surrender value norms introduced in October 2024, LIC managed to issue 1.78 crore new policies. Group premiums accounted for ₹1.64 trillion, a slight dip of 0.40% compared to the previous year. Notably, in March 2025 alone, individual premiums surged by 10.75% to ₹10,022 crore. LIC’s enduring presence continues to be a pillar in India’s insurance sector, with consistent performance and adaptability in a dynamic market.Mphasis Delivers Record Growth in FY25, Driven by Tech and AI Innovation
Mphasis reported a strong performance in FY25 with revenues reaching INR 142.2 billion, marking a 6.7% year-on-year increase. The company achieved its highest-ever earnings per share at ₹89.9, reflecting a 9.1% rise. CEO Nitin Rakesh stated, “We are pleased with broad-based performance, reporting the highest QoQ growth in 12 quarters.” Mphasis secured USD 1.27 billion in total contract value, with 85% in next-gen services, showcasing its leadership in cloud computing, AI, and digital transformation. Recognitions include the 2025 Cybersecurity Excellence Award and being listed among leaders in Everest Group’s Data and AI Services. Key strategic wins include modernizing data infrastructure for a North American bank and developing a healthcare platform, affirming Mphasis’ position as a global tech innovator.IEX Reports Record Growth in FY2025, Highest Ever Traded Electricity Volumes
The Indian Energy Exchange (IEX) achieved its highest-ever traded electricity volumes in FY25, crossing 121 billion units (BUs), an 18.7% increase from the previous year. It also recorded 178 lakh Renewable Energy Certificates (RECs), marking a 136% rise. IEX’s consolidated profit after tax reached INR 429.2 crore, up 22.3%, with revenues growing 19.3% to INR 657.4 crore. The Day Ahead Market (DAM) clearing price decreased by 14.7% to INR 4.47/unit, reflecting stable coal supply. Its gas exchange, IGX, also posted a 47% annual growth. IEX’s subsidiary ICX became India’s first I-REC issuer, with a 964% surge in revenue, showcasing the company’s growing footprint in India’s evolving energy sector.Infra.Market Expands Green Building Portfolio to Drive Sustainable Infrastructure
Infra.Market is accelerating its commitment to sustainability by expanding its range of eco-friendly building materials, including Ready-Mix Concrete, AAC Blocks, and Engineered Wood. The company’s CII-GreenPro certified AAC Blocks use up to 70% fly ash, significantly reducing the construction sector’s CO₂ emissions. Co-founder Aaditya Sharda remarked, “Sustainability is central to our growth. Every solution we offer contributes to a greener, resilient future.” Infra.Market’s RMC plants cut cement use by 66%, and all water is recycled on-site. Even its modular furniture complies with ISO 14001:2015 standards. As a member of the Indian Green Building Council, Infra.Market is at the forefront of green construction in India.Edelweiss Launches India’s First Internet Economy Index Fund
Edelweiss Mutual Fund introduced the Edelweiss BSE Internet Economy Index Fund, offering investors access to India’s rapidly growing digital economy. Open for subscription till May 9, 2025, the fund mirrors the BSE Internet Economy Total Return Index, focusing on sectors like e-retail, fintech, and digital services. Managing Director Radhika Gupta said, “India’s digital economy is growing four times faster than GDP, and this fund allows investors to benefit from this transformation.” With a minimum investment of ₹100, the fund is aimed at diversifying portfolios in line with India’s digital growth story.Morepen Laboratories Launches Four New Products to Strengthen Healthcare Innovation
Morepen Laboratories has introduced four new products—Ticapen, UdoFix, LycoMore, and Acifix—to address cardiology, hepatology, nutrition, and gastroenterology needs. Chairman Sushil Suri emphasized the company’s focus on affordable innovation, with all APIs produced at their USFDA-approved facilities. Ticapen targets heart conditions, UdoFix enhances liver health, LycoMore boosts immunity, and Acifix offers paan-flavored GERD relief. Morepen is aiming for ₹1,000 crore in formulation revenues within five years, supporting India’s growing pharma market.Conclusion
As India strides confidently towards becoming a $5 trillion economy, the performance of its corporate giants in FY25 provides a blueprint for balanced growth rooted in innovation, inclusivity, and sustainability. The achievements of LIC, Mphasis, IEX, Infra.Market, Edelweiss, and Morepen underline a broader trend of industry-led transformation that aligns with national goals of economic empowerment and global competitiveness. Through strong leadership and a relentless focus on excellence, these organizations not only weathered market challenges but emerged as pioneers of progress in their respective sectors. Their continued evolution will undoubtedly shape the contours of India’s financial and industrial landscape in the years ahead.At Prittle Prattle News, we honor your dedication and inventiveness led by showcasing you in a positive light. Under the direction of Editor-in-Chief Smruti Bhalerao, our platform is committed to disseminating powerful narratives that raise awareness and motivate change. For more important stories, follow us on LinkedIn, Instagram, and YouTube.