Backed by 33 lenders including SBI, ICICI Bank, and Bajaj Finance, Moneyboxx’s secured loan share surged to 38% of AUM, proving that financial stability, not just growth, is the future of MSME lending.
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From Credit Challenges to Profits: Moneyboxx Powers MSMEs with 56% AUM Growth and Doubles Secured Lending
Moneyboxx Finance Limited, a leading provider of business loans for micro and small entrepreneurs in rural and semi-urban India, has reported a 56 percent year-over-year growth in assets under management (AUM), reaching ₹837 crore as of December 2024. In line with its strategy of financial resilience, Moneyboxx has doubled the share of secured lending, which now accounts for 38 percent of its AUM, compared to 17 percent in the third quarter of the previous fiscal year.
While several NBFCs and MSME lenders face rising delinquencies in unsecured loans, Moneyboxx has strategically increased its secured loan book, which now stands at ₹318 crore. The company plans to further increase secured loans to 45 percent of AUM by March 2025, reinforcing its position as a financially disciplined and risk-averse lender.
Moneyboxx has strengthened its financial position with a recent equity infusion of ₹175.8 crore, which has significantly improved its net worth by 57 percent to ₹264.5 crore. The Capital Adequacy Ratio (CRAR) has increased to 35.76 percent from 28.28 percent in March 2024, providing a strong buffer against potential market fluctuations. The company is backed by 33 financial institutions, including HDFC Bank, Indian Overseas Bank, Nabkisan Finance, and Suryoday Small Finance Bank, ensuring strong financial backing for its continued expansion.
Despite these industry-wide challenges, Moneyboxx’s shift to secured lending is expected to mitigate risk and stabilize profitability in the coming quarters. The company remains focused on risk-adjusted growth to ensure financial sustainability for MSMEs while maintaining investor confidence.
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From Ultramarathons to Everyday Wellness: Milind Soman & Garmin Are Transforming Fitness in India
Garmin’s Beat Yesterday philosophy aligns with Milind Soman’s fitness journey, making this collaboration a perfect fit for India’s growing wellness movement.
Global fitness technology leader Garmin has taken a bold step to strengthen its presence in India by appointing Milind Soman as its new brand ambassador. With India emerging as one of the most dynamic fitness markets, this partnership is set to revolutionize how individuals approach health, endurance, and wellness.
Milind Soman, known for his ultramarathons, Ironman races, and dedication to fitness, will advocate for Garmin’s cutting-edge wearable technology, inspiring people to integrate smart tracking and performance insights into their fitness journeys. His achievements include completing the Ironman Triathlon, the Ultraman Florida Challenge, and setting a Limca Book of Records milestone by running 1,500 kilometers across India.A Strategic Move to Elevate Fitness Tracking in India
Garmin has identified India as one of its fastest-growing markets, with an increasing demand for precision-based fitness tracking. With smartwatches catering to activities including running, cycling, swimming, yoga, hiking, golf, and diving, Garmin is making intelligent fitness tracking an essential tool for all fitness levels.
Garmin smartwatches are designed to monitor heart rate, VO2 max, sleep patterns, stress levels, and hydration, helping individuals set personalized goals and optimize recovery. By bringing Milind Soman on board, Garmin aims to connect with professional athletes, fitness enthusiasts, and beginners, reinforcing its commitment to making data-driven fitness accessible to everyone.
Expressing his enthusiasm, Milind Soman shared that he has been using Garmin products for years and has always been impressed with their accuracy and reliability. He believes Garmin’s technology will encourage more people to embrace fitness, regardless of their starting point.Garmin’s Vision: Blending Innovation with Everyday Fitness
Announcing the partnership, Deepak Raina, General Manager – AMIT GPS & Navigation, emphasized that Garmin’s wearable technology is designed to go beyond fitness tracking. The company’s approach is centered around helping individuals unlock their potential through real-time insights, training plans, and scientific performance analysis.
Garmin smartwatches are widely trusted in triathlon training, marathon running, motorsports, horse riding, and archery. By leveraging Milind Soman’s influence, Garmin is set to introduce a new wave of smart fitness adoption in India, making performance-driven wellness more accessible, engaging, and impactful.
For more details on Garmin’s latest range of smartwatches and fitness wearables, visit Garmin.About Garmin
Founded in 1989, Garmin is a world leader in GPS technology and wearable fitness devices, specializing in sports, aviation, automotive, and marine navigation. With a strong focus on innovation and user-driven performance tracking, Garmin has built a global reputation for cutting-edge smartwatch technology that supports individuals in optimizing their health and fitness.
Milind Soman is an ultramarathon runner, fitness promoter, and entrepreneur, widely recognized as India’s most influential fitness icon. Known for his extraordinary endurance feats, including the Ironman Triathlon and the Ultraman Florida Challenge, Milind has dedicated his career to inspiring people to lead healthier, more active lives.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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India’s Urban Commute Gets an Upgrade with BattRE’s New LOEV+ Electric Scooter
With advanced safety, smart connectivity, and a 3-year battery warranty, LOEV+ is built for reliable daily rides.
BattRE Electric Mobility, one of India’s fastest-growing electric vehicle (EV) manufacturers, has launched LOEV+, a high-performance and budget-friendly electric scooter designed for urban commuters. Featuring an IP67-rated Amaron battery, a top speed of 60 km/h, smart connectivity, and fast charging capabilities, LOEV+ aims to redefine electric mobility for Indian riders.
Priced at ₹69,999 (ex-showroom) plus handling charges, the LOEV+ is among the most affordable high-speed electric scooters in India. With its 3-year warranty on both battery and charger, advanced safety features, and energy-efficient design, BattRE is targeting the growing shift toward eco-friendly urban transport in the country.
The launch of LOEV+ comes at a time when India’s EV adoption is accelerating, driven by government incentives, rising fuel costs, and consumer demand for cleaner transport solutions. The new model is positioned to provide an affordable and reliable alternative to petrol scooters, making daily commuting smoother and more sustainable.Cutting-Edge Battery & Charging Technology
LOEV+ is powered by an advanced 2kWh Amaron lithium-ion battery, designed to provide long-lasting performance and durability. The battery uses premium 21700 cells (5Ah), offering better energy efficiency and stability. Unlike conventional e-scooters that take longer to charge, the LOEV+ fully recharges in just 2 hours and 50 minutes, making it one of the fastest-charging electric scooters in its segment.
The IP67-rated battery and charger ensure protection against water and dust, allowing the scooter to function reliably in diverse weather conditions, including heavy rains and dusty environments. This feature significantly enhances the scooter’s longevity and reliability, especially for riders in metro cities and tier-2 urban areas.
With a 3-year warranty on both the battery and charger, BattRE aims to provide users with long-term peace of mind and cost savings on maintenance.Prioritizing Safety for Indian Roads
Safety has been a core focus in LOEV+’s design, with features that cater to urban riding challenges. The combined disc-brake system improves braking efficiency, reducing stopping distance and ensuring greater rider control. A 180mm ground clearance makes it easier to navigate through India’s bumpy roads, potholes, and speed breakers, ensuring a smooth and stable ride.
To prevent accidental acceleration while parked, the scooter includes a parking switch, enhancing rider security in crowded areas and on inclines. Additionally, the saree guard ensures added safety for pillion riders, making LOEV+ an ideal choice for families and working professionals.Smart Technology & Connectivity for a Better Ride
LOEV+ is fully CAN-enabled, ensuring seamless communication between all vehicle components for improved efficiency and diagnostics. The scooter features Cruise Control, allowing riders to maintain a steady speed on highways and longer routes. The Hill Hold Assist system provides stability on inclined roads, making city commutes more effortless.
The advanced digital speedometer displays crucial information, including distance to empty (DTE) and state of charge (SoC), helping riders track battery levels and plan their routes efficiently. These intelligent features set LOEV+ apart in the budget-friendly electric scooter segment, making it a tech-driven solution for modern commuters.A Sporty, Minimalist Design with Custom Color Options
BattRE has crafted the LOEV+ with a sleek, minimalist, and sporty design, focusing on both aesthetics and functionality. The 12-inch alloy wheels offer better grip and handling, while LED dual lamps provide superior visibility at night.
The LOEV+ is available in five stylish colors:- Starlight Blue
- Pearl White
- Midnight Black
- Stormy Grey
- Ice Blue
With these modern and trendy color options, the LOEV+ allows riders to express their personal style while embracing the future of electric mobility.
Performance & Riding Modes for Every Need
LOEV+ comes with three distinct riding modes, allowing riders to optimize performance based on their needs:- Eco Mode – Maximum efficiency, offering a top speed of 35 km/h and a range of 90 km per charge.
- Comfort Mode – A balance of speed and efficiency, reaching 48 km/h with a 75 km range.
- Sports Mode – Designed for performance, achieving a top speed of 60 km/h with a 60 km range per charge.
These riding modes make LOEV+ versatile for different commuting needs, from long-distance rides to short city commutes.
A Word from BattRE’s Leadership
Speaking at the launch, Nishchal Chaudhary, CEO & Managing Director of BattRE Electric Mobility, said:
“LOEV+ is built with the future of urban commuting in mind. It is one of the most affordable high-speed scooters in India, packed with features that deliver performance, safety, and reliability. As India shifts towards electric mobility, we are committed to providing smart and sustainable solutions for our riders.”Pricing, Availability & Dealer Network
LOEV+ is priced at ₹69,999 (ex-showroom) plus handling charges and is now available at 400+ BattRE dealerships across 21 states in India. The company has been expanding its dealer network to make EVs more accessible to customers nationwide.
For further details, visit BattRE Electric Mobility.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.
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India’s Textile Waste Crisis Meets a $3.5 Billion Solution: Primus Partners & Maharashtra Govt Release Action Plan
New report at Bharat Tex 2025 charts India’s path to a zero-waste fashion industry, calling for policy reforms, green tech adoption, and Extended Producer Responsibility (EPR).
Primus Partners, in collaboration with the Government of Maharashtra, has launched a groundbreaking report at Bharat Tex 2025, outlining a strategic roadmap to transform India’s textile industry into a zero-waste sector by 2047. With textile waste becoming a growing environmental and economic challenge, the report highlights how India can unlock a $3.5 billion opportunity and create 1 lakh new jobs by implementing sustainable manufacturing, textile waste management, and policy reforms.
The report, titled “Making India a Zero-Waste Fashion Country – A $3.5 Billion Economic Opportunity Creating 1 Lakh Jobs“, was officially presented by Hon’ble Minister of Textiles, Mr. Sanjay Savkare, with Maharashtra serving as the Knowledge Partner. The launch event brought together key leaders, including Chief Minister Shri. Devendra Fadnavis, Deputy Chief Ministers Shri. Eknath Shinde and Shri. Ajit Pawar, Industry Minister Shri. Udit Samant, and senior policymakers, all of whom emphasized the urgent need to shift towards a circular economy in fashion.The textile industry is one of India’s largest economic drivers, but it also contributes significantly to waste generation and pollution. The report highlights that India produces over 1 million tons of textile waste annually, much of which goes into landfills or is incinerated, causing severe environmental damage. However, through sustainable interventions and circular economy practices, the sector could repurpose waste into high-value materials, boost exports, and generate employment in recycling, green technology, and sustainable fashion innovation.
A key component of the report is the 5F Framework, which outlines a structured approach to embedding sustainability across Farm, Fiber, Factory, Fashion, and Foreign.
To drive the shift towards zero-waste fashion, the report calls for a National Sustainable Textile Policy and the introduction of an Extended Producer Responsibility (EPR) Scheme. These measures would hold manufacturers accountable for waste reduction while ensuring that textile waste collection, recycling, and disposal infrastructure is strengthened. Additionally, the report recommends the establishment of Textile Waste Collection Centers across India, allowing manufacturers and consumers to responsibly recycle textile waste.The financial barriers to sustainable fashion adoption remain one of the biggest hurdles in India. The report stresses the need for government-backed incentives, low-cost green loans, and dedicated funding programs for textile manufacturers willing to adopt circular economy principles. It also highlights the importance of training programs to equip workers with skills in sustainable textile production, ensuring that the transition to a zero-waste system benefits not just businesses but also India’s labor force.
Speaking at the launch, Kanishk Maheshwari, Co-Founder & Managing Director of Primus Partners, expressed optimism about the future of India’s textile sector. “This report isn’t just about managing waste; it’s about rethinking the way we produce, consume, and recycle textiles. India has the potential to lead the world in sustainable fashion, but we need policy frameworks, industry collaboration, and public awareness to make this vision a reality.”With India aiming to become a global leader in sustainable fashion, the report presents a clear vision for achieving that goal. By 2030, it predicts that India can cut textile waste by 50%, generate 1 lakh green jobs, and establish itself as a preferred destination for ethical and eco-friendly fashion. However, achieving this will require collective action from policymakers, industry leaders, and consumers.
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 India to Italy: Shriram Finance Secures Landmark $500M SACE Loan for Sustainable Growth
With strategic backing from HSBC, Deutsche Bank, KfW IPEX-Bank, ING Bank, and J.P. Morgan, Shriram Finance secures India’s biggest SACE-covered loan to drive financial inclusion.
Shriram Finance Limited (SFL), India’s leading non-banking financial company (NBFC) and the flagship firm of the Shriram Group, has secured a record-breaking $500 million equivalent SACE-backed loan, marking the largest SACE-covered facility ever availed by an Indian NBFC. This 10-year long-term financing agreement, backed by SACE, Italy’s official export credit agency, will enable SFL to expand its financing portfolio for Italian vehicles, both new and used, supporting its Social Finance Framework while furthering financial inclusion in India.
The deal attracted global financial powerhouses, including HSBC, Deutsche Bank, KfW IPEX-Bank, ING Bank, and J.P. Morgan. HSBC served as the Sole Export Credit Agency (ECA) Coordinator, while ING Bank acted as the Social Loan Coordinator for the transaction.
This milestone further solidifies SFL’s position as India’s leading NBFC in offshore fundraising, having raised over $2.5 billion in global capital in FY25—the highest by any Indian NBFC in structured and sustainable finance initiatives.Shriram Finance Expands Global Partnerships for Sustainable Financing
The successful execution of this landmark loan reinforces SFL’s ability to tap into international capital markets efficiently, optimizing funding costs while ensuring long-term sustainability. The funds will be directed towards financing Italian-manufactured vehicles and equipment—a strategic move that strengthens India-Italy trade relations while expanding SFL’s vehicle financing offerings under its Social Finance Framework.
Umesh Revankar, Executive Vice Chairman of Shriram Finance, shared:
This landmark transaction is a testament to our ability to navigate global financial markets and forge high-impact partnerships. Our association with SACE and leading global banks demonstrates the strong confidence international lenders have in our vision. With this facility, we will not only expand financing for Italian vehicles but also contribute to financial inclusion and economic development in India.SACE & Global Lenders Express Confidence in Shriram Finance
The relationship between SACE and Shriram Finance has grown significantly since 2019 when SFL executed its first SACE Push Facility, enabling over €100 million worth of Italian vehicle imports into India.
Gautam Bhansali, Head – India & South Asia at SACE, commented:
Shriram Finance has been a trusted partner in fostering India-Italy trade. With this new facility, we are further strengthening our collaboration, supporting Italian exports while enabling SFL’s financial inclusion mission in India.
Ajay Sharma, Head of Banking, HSBC India, added:
We are proud to have arranged this landmark SACE-backed financing facility alongside Shriram Finance. This transaction is a continuation of our strong partnership and highlights HSBC’s expertise as a global ECA arranger. With this, we mark our fourth SACE-backed deal in India in just 12 months.Strengthening India’s Access to Global Capital
This deal represents more than just a significant fundraising milestone, it signals a new era for India’s NBFC sector, as institutions like Shriram Finance secure diversified global funding sources to accelerate India’s financial inclusion and economic development.
With the successful execution of this transaction, SFL is positioned as a frontrunner in structured finance, ensuring cost-effective lending while strengthening its commitment to sustainable growth.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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With 5 Billion Kilometers Driven, TATA.ev Expands India’s Charging Network with 400,000 Charge Points & Mega Chargers
TATA.ev partners with Tata Power, ChargeZone, Statiq, and Zeon to expand India’s EV charging infrastructure, ensuring seamless long-distance travel and urban accessibility.
TATA.ev, India’s leading electric vehicle (EV) brand, is set to transform the country’s EV charging landscape with a massive expansion plan aimed at doubling India’s charging infrastructure. By 2027, the company plans to install 400,000 charge points, significantly increasing accessibility and convenience for EV owners across the nation. The initiative builds on TATA.ev’s experience of facilitating 5 billion electric kilometers driven across India.
To accelerate this expansion, TATA.ev has launched Open Collaboration 2.0, partnering with leading Charge Point Operators (CPOs) such as Tata Power, ChargeZone, Statiq, and Zeon Charging. These collaborations will enable the installation of 30,000+ new public fast chargers in strategic locations, including major highways, metro cities, and tier-2 towns.The expansion includes the launch of the TATA.ev Mega Charger Network, featuring 500 ultra-fast charging stations strategically deployed to enhance long-distance travel. These Mega Chargers will offer high-speed, reliable charging, drastically reducing wait times. They will be open to all EV brands, but TATA.ev customers will enjoy priority access and lower tariffs.
Alongside this, TATA.ev is introducing TATA.ev Verified Chargers, ensuring quality-assured infrastructure across the country. These certified chargers will meet high-performance and safety standards, reducing downtime and improving user experience. EV owners will be able to locate verified chargers in real-time, track availability, and make instant payments using the IRA.ev app, eliminating the need for multiple apps.Since 2019, TATA.ev has played a pivotal role in building India’s EV charging ecosystem, pioneering home, community, and public charging solutions. The company has already installed over 1.5 lakh private/home chargers, deployed 2,500+ community chargers, and set up 750 dealership-based chargers to support growing EV adoption. In just 15 months, India’s public charging infrastructure has doubled, crossing 18,000 charge points nationwide.
With Open Collaboration 2.0, TATA.ev is ensuring that India’s transition to electric mobility is seamless, efficient, and future-ready. By providing a unified Charging Helpline, AI-powered insights, and seamless payment solutions, TATA.ev is making charging as convenient as refueling a petrol or diesel vehicle.This initiative cements TATA.ev’s position as India’s EV ecosystem leader, actively driving sustainable transportation and supporting government efforts to accelerate EV adoption. By 2027, India will have one of the largest and most advanced EV charging infrastructures globally, thanks to TATA.ev’s bold expansion strategy.
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.
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JioCinema + Disney+ Hotstar = JioHotstar: India’s Biggest OTT Merger Transforms Streaming & Sports
Disney+ Hotstar merges with JioCinema to form JioHotstar, India’s most powerful streaming platform, offering IPL, global entertainment, AI-powered recommendations, and an unmatched content library.
JioCinema and Disney+ Hotstar have officially merged under JioStar, creating JioHotstar, India’s most advanced and content-rich OTT platform. The merger brings together the best of Bollywood, Hollywood, live sports, and AI-powered personalized recommendations. With a staggering 3 lakh hours of content, JioHotstar offers exclusive access to IPL, ICC Cricket World Cup, FIFA events, Premier League, Wimbledon, and Pro Kabaddi. The platform’s AI-driven personalization, ultra-HD 4K streaming, and multilingual accessibility across 10+ Indian languages ensure that every user gets a tailored viewing experience.
Kevin Vaz, CEO – Entertainment, JioStar, emphasized the transformational shift in India’s streaming industry, stating, “JioHotstar is more than just an OTT platform, it is the future of entertainment. We are bringing the best of Bollywood, Hollywood, live sports, and regional content to every Indian viewer, ensuring accessibility, innovation, and personalization like never before.”JioHotstar is now the exclusive home for India’s most-watched sporting events. Users can stream live IPL, ICC Cricket World Cup, FIFA events, Premier League, Wimbledon, and more with ultra-HD streaming and real-time stats overlays. The platform introduces interactive multi-angle viewing, AI-powered insights, and immersive fan engagement features. With its AI-driven recommendation engine, JioHotstar ensures that users find content suited to their tastes while supporting voice-assisted navigation in multiple Indian languages.
The newly launched JioHotstar subscription model offers a hybrid approach to accessibility. Viewers can enjoy free streaming of select sports and TV shows while premium subscribers unlock ad-free viewing, Hollywood blockbusters, and ultra-HD streaming, starting at ₹149 per quarter. Existing JioCinema and Disney+ Hotstar subscribers will seamlessly transition to JioHotstar.
Sanjog Gupta, CEO – Sports, JioStar, remarked, “JioHotstar is bringing fans closer to the action. From IPL to Wimbledon, from Coldplay concerts to Pro Kabaddi, we are delivering an interactive and immersive experience where fans don’t just watch, they engage.”
JioHotstar is not just an OTT platform, it is the future of digital entertainment, where content meets technology, accessibility meets innovation, and storytelling meets personalization.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.