With revenue reaching ₹447.3 crore, Godavari Biorefineries accelerates capacity expansion and technology licensing in bio-based chemicals and ethanol.
Tag: PrittlePrattle
-
Rising Demand for Bio-Based Chemicals and Ethanol Fuels Godavari Biorefineries’ Q3 FY25 Growth
Godavari Biorefineries Limited (GBL), a leader in ethanol production and bio-based chemical manufacturing, has reported a 12% increase in revenue year-on-year for the third quarter of FY25. The company’s revenue rose to ₹447.3 crore, up from ₹398.0 crore in Q3 FY24, driven by its expansion in ethanol and bio-based chemicals. GBL recorded an EBITDA of ₹39.7 crore and a profit after tax (PAT) of ₹5.8 crore, demonstrating resilience in a dynamic industry.
Strategic Expansion and Ethanol Growth Strengthen Performance
Investments in Technology and Infrastructure for Future Growth
Government Policy Support and Industry Growth Prospects
About Godavari Biorefineries Limited
-
Resilient Growth & Stronger Margins Mark Bata India’s Q3 FY25 Performance
Hush Puppies’ double-digit growth, festive brand collaborations, and digital expansion propel Bata India’s market reach in Q3 FY25.
Bata India Limited has reported steady growth in the third quarter of FY25, with revenue reaching Rs. 9185 million, reflecting a 1.7% increase over the same period last year. The company recorded a profit after tax (PAT) of Rs. 582 million, supported by stronger margins and cost management efforts.
The company’s EBITDA stood at Rs. 2087 million, with margins improving by 141 basis points, highlighting efficiency in operations and business expansion. The results also included a one-time exceptional cost of Rs. 108 million for a Voluntary Retirement Scheme (VRS) at one of its factories, a move aligned with Bata India’s long-term plan to enhance its supply chain and streamline operations.Premium Footwear Sales and Digital Expansion Boost Performance
Under the leadership of Gunjan Shah, Managing Director and CEO of Bata India, the company saw a rise in demand for its premium footwear brands, particularly Hush Puppies, which posted double-digit growth. The growing preference for comfort and style among consumers has contributed to this trend.
Bata India also strengthened its digital presence through a revamped website and expansion into quick-commerce platforms, ensuring faster and more convenient access to its products. The omni-channel strategy, which integrates online and offline retail, has helped the company serve both metropolitan and smaller-town markets, making it easier for customers to shop across platforms.Festive Season Impact and Brand Collaborations
Bata India’s festive marketing strategy played a key role in boosting customer engagement. The launch of the Hush Puppies ‘The Party Ready’ collection, featuring Jim Sarbh, attracted a strong response from customers looking for stylish and comfortable footwear. The company also introduced Vir Das as the India ambassador for Hush Puppies, further strengthening the brand’s position in the premium footwear category.
The continued association with Kartik Aaryan helped Bata India appeal to younger consumers, ensuring that its products stay relevant in a competitive market. These brand collaborations contributed to the growth of premium footwear sales and increased Bata’s presence across multiple customer segments.A Strong Focus on Growth and Affordability
Despite a challenging market, Bata India has remained focused on driving volume-led revenue growth by making its products more affordable while keeping pace with global fashion trends. The company’s prolonged End of Season Sale (EOSS) helped clear ageing inventory, allowing fresh collections to reach stores faster.
Bata India’s extensive retail network of over 1900 stores and a strong presence in multi-brand outlets and digital marketplaces have positioned the company as a leader in the footwear industry. The company continues to expand into tier 2 and tier 3 cities, ensuring access to quality footwear for a wider customer base.About Bata India
With a history of nearly 100 years, Bata India has become a trusted name in footwear, serving over 260,000 customers daily in 2024. As India’s largest footwear retailer and manufacturer, Bata India sells nearly 50 million pairs annually, covering categories such as affordable, athleisure, premium, and children’s footwear.
Bata India’s brand portfolio includes Bata Red Label, offering contemporary global styles, Bata Comfit, focused on comfort-driven everyday wear, Power, recognized for fitness sneakers and apparel, NorthStar, catering to the growing sneaker trend, Floatz, featuring clogs and slip-ons, Bubblegummers, specializing in children’s footwear, and Hush Puppies, known for its comfort and elegance.
Final Thoughts
Bata India’s strong Q3 FY25 performance reflects its ability to adapt to market trends while improving efficiency and growing its premium product lines. The company’s focus on digital expansion, affordability, and brand collaborations has positioned it for continued growth in India’s dynamic footwear market.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.
-
Transforming Rishikesh’s Wellness Landscape: Chalet Hotels’ New Chapter With The Westin Resort & Spa
With a Rs. 5.3 billion investment, Chalet Hotels strengthens its presence in Rishikesh, the heart of India’s wellness and spiritual tourism.
Mumbai, February 10th, 2025: Chalet Hotels Limited (CHL), a part of K Raheja Corp, has announced its acquisition of The Westin Resort & Spa, Himalayas, a luxurious 141-room property nestled in the serene foothills of the Himalayas. This move marks a strategic step in CHL’s expansion into India’s high-growth wellness, leisure, and spiritual tourism markets, positioning the company at the forefront of transformative hospitality experiences.
The acquisition involves the purchase of a 100% stake in Mahananda Spa and Resorts Private Limited, the owning company of The Westin Resort & Spa, Himalayas, from Mankind Pharma Limited. With an enterprise value of Rs. 5.3 billion, CHL is now in the process of finalizing the definitive agreement. This acquisition complements CHL’s mission to redefine premium hospitality while unlocking new avenues of growth in a booming tourism segment.
Opened in January 2023, The Westin Resort & Spa, Himalayas, has already established itself as a destination for luxury, wellness, and tranquility, achieving an ADR (Average Daily Rate) of over Rs. 26,000 and an occupancy rate of 45% as of YTD December 2024. These impressive figures highlight the resort’s significant contribution to the region’s growing reputation as a wellness hub.A Jewel in the Heart of Rishikesh
Strategically located near the spiritual hub of Rishikesh, often referred to as the “Yoga Capital of the World,” The Westin Resort & Spa is surrounded by the breathtaking beauty of the Himalayan foothills. The property is easily accessible, being just 45 minutes from Jolly Grant Airport in Dehradun, making it an ideal getaway for both domestic and international travelers.
The resort offers 141 tastefully designed rooms, providing panoramic views of the Himalayas and the lush Ganges River valley. With over 10,000 sq. ft. of event space, the property caters to weddings, corporate retreats, and social gatherings. Its Grand Ballroom is the largest in the region, while the expansive outdoor lawns create a picture-perfect backdrop for weddings and cultural events.
A key highlight is the Heavenly® Spa by Westin, which blends traditional Himalayan therapies with modern wellness practices, making it a sought-after destination for rejuvenation. Additionally, the WestinWorkout® Fitness Studio caters to guests seeking an active lifestyle amidst serene surroundings. The property also boasts world-class dining options that combine local flavors with international cuisines, enhancing the overall guest experience.Leadership Vision and Strategy
Speaking about the acquisition, Dr. Sanjay Sethi, Managing Director and CEO of Chalet Hotels Limited, stated, This acquisition is a significant milestone in our journey to expand Chalet Hotels’ footprint in India’s high-growth luxury and leisure segment. The Westin Resort & Spa, Himalayas, is more than just a property—it’s a wellness destination that perfectly aligns with our vision of creating transformative guest experiences. With this addition, we aim to cater to evolving traveler preferences, offering them the best of both worlds: luxury and tranquility.
Dr. Sethi added that Rishikesh’s growing prominence as a hub for spirituality, yoga, and wellness makes it an ideal destination for Chalet Hotels’ next chapter. The acquisition reinforces the company’s commitment to delivering world-class hospitality while supporting the local economy through sustainable tourism.Chalet Hotels’ Legacy of Excellence
Chalet Hotels Limited is an industry leader in India’s hospitality sector, with a diversified portfolio of 10 operating hotels and resorts featuring over 3,052 keys under globally recognized brands such as JW Marriott, The Westin, and Novotel. The company has another ~1,000 rooms under development, further strengthening its position as a pioneer in high-end hospitality.
As part of its commercial real estate ventures, Chalet Hotels is augmenting its portfolio from 2.4 million sq. ft. to 3.3 million sq. ft., creating a robust pipeline of growth. The company’s commitment to sustainability is reflected in its Dow Jones Sustainability Index (DJSI) score of 57 and its participation in global climate initiatives like RE100, EP100, and EV100.
The Future of Rishikesh Tourism
This acquisition marks a turning point for Rishikesh, placing it firmly on the map as a global destination for luxury and wellness tourism. With Chalet Hotels’ operational expertise and The Westin Resort & Spa’s existing reputation for excellence, the region is poised to attract a new wave of travelers seeking immersive wellness experiences.
As India embraces the Atmanirbhar Bharat initiative and focuses on developing its tourism and hospitality infrastructure, Chalet Hotels’ strategic investments are contributing to the nation’s economic and cultural growth. By blending luxury with tradition, The Westin Resort & Spa is set to redefine hospitality in one of India’s most iconic locations.
Chalet Hotels Limited, part of the K Raheja Corp group, is an owner, developer, and operator of premium hotels and resorts in India. With a legacy of delivering world-class hospitality experiences, Chalet Hotels is recognized for its commitment to innovation, sustainability, and excellence in service.Final Thoughts
With the addition of The Westin Resort & Spa, Himalayas, Chalet Hotels has embarked on a new journey of luxury, wellness, and transformative hospitality. This acquisition not only enhances Chalet Hotels’ portfolio but also sets the stage for the company’s growth in India’s burgeoning leisure and wellness tourism sector. As The Westin Resort & Spa welcomes travelers to Rishikesh, it stands as a beacon of serenity, elegance, and modern luxury, reflecting the essence of what Chalet Hotels strives to deliver.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.
-
Breaking Boundaries at Aero India 2025: ‘Infinix’ Marks BEML’s Next Chapter
Redefining aerospace and defence, ‘Infinix’ embodies BEML’s relentless pursuit of innovation, agility, and cutting-edge technology.
Aero India 2025 set the stage for a historic transformation as BEML Ltd. unveiled ‘Infinix’, a bold new brand identity that redefines its future in aerospace, defence, and strategic engineering. The grand reveal was led by Admiral Dinesh Kumar Tripathi PVSM, AVSM, NM, Chief of Naval Staff, in the presence of Shantanu Roy, Chairman and Managing Director, BEML Ltd., along with senior dignitaries from the Defence Forces. In a dramatic presentation featuring high-impact motion graphics, BEML traced its 60-year journey while unveiling a vision that extends far beyond its legacy.
More than just a rebranding, ‘Infinix’ represents BEML’s commitment to limitless innovation and technological excellence. The freed Phoenix, breaking out of its circular boundary, reflects the company’s uncompromising drive toward new frontiers in mobility, aerospace, and defence. The fusion of ‘Infinity’ and ‘Phoenix’ in the name mirrors BEML’s pioneering role in advanced engineering and next-generation solutions.A Statement of Vision and Growth
Addressing the momentous occasion, Admiral Dinesh Kumar Tripathi underscored BEML’s strategic importance, stating,This is more than a logo, it’s a declaration of BEML’s evolution into a global force in aerospace and defence. India’s growing presence in indigenous manufacturing and high-tech engineering is strengthened by industry leaders like BEML, and ‘Infinix’ is a powerful testament to that commitment.
Reflecting on the company’s transformation, Shantanu Roy remarked, ‘Infinix’ represents a paradigm shift. It is a reflection of our growth, our readiness to embrace future technologies, and our unwavering commitment to creating world-class solutions. This identity embodies the shared vision of BEML’s employees, partners, and stakeholders, who continue to drive innovation and excellence.
Aero India 2025: Showcasing the Future of Aerospace and Defence
At Aero India, BEML is demonstrating next-generation Unmanned Aerial Vehicles (UAVs), missile technology, and space engineering innovations. Among its most anticipated showcases are:
Vihangam-35, a high-performance reconnaissance and surveillance UAV, developed in collaboration with IIT Kanpur, highlighting India’s progress in autonomous defence systems.
Abhinandan HNX50, a next-generation Remotely Piloted Aerial System (RPAS) designed for high-endurance missions, reinforcing BEML’s capabilities in cutting-edge aviation technology.
Beyond UAVs, BEML is making strides in missile casing technology, playing a pivotal role in India’s missile programs, including Akash and Kusha. In the space sector, BEML is contributing ISO Grid Panels for ISRO’s LVM3 launch program, and Light Alloy Structures for advanced launch vehicles.On the maritime front, BEML is showcasing Marine Gas Turbine Flame Tubes, a breakthrough in naval propulsion technology, and the Universal Bomb Pallet, a critical addition to India’s Air Force armament systems.A Future Built on Innovation and Global Competitiveness
With ‘Infinix’, BEML is charting a course toward unparalleled growth and technological leadership. The company’s presence at Aero India 2025 signals a renewed focus on innovation, indigenous defence manufacturing, and global competitiveness. As India emerges as a powerhouse in strategic engineering, BEML remains at the forefront, engineering solutions that shape the nation’s security and mobility.About BEML
BEML Limited, a ‘Schedule A’ company under the Ministry of Defence, India, has been a cornerstone of aerospace, defence, rail, power, mining, and construction for over six decades. With a commitment to innovation and excellence, BEML continues to pioneer advanced mobility solutions that drive India’s industrial future.
Final Thoughts
With the launch of ‘Infinix’, BEML is making a statement, not just about its brand evolution but about its unwavering ambition to lead in aerospace, defence, and engineering innovation. As India cements its place in the global defence ecosystem, ‘Infinix’ stands as a bold new symbol of progress, agility, and limitless potential.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.
-
From Hyderabad to the Stars: MTAR Technologies Secures ₹200 Cr in Clean Energy and Space Contracts
MTAR Expands Across Fuel Cells, Civil Nuclear Power, and Aerospace with High-Value Orders
MTAR Technologies, a key player in precision engineering and advanced manufacturing, has secured orders worth ₹200 crore across clean energy, civil nuclear power, aerospace, and space technology. The new contracts solidify its role in India’s transition to a high-tech manufacturing powerhouse, supporting key sectors with cutting-edge solutions.
The largest order, valued at ₹157.4 crore, has been secured from Bloom Energy, a US-based company specializing in solid oxide fuel cells. Another ₹2.7 crore in first-article orders has been secured from Fluence, a global leader in energy storage solutions.
Beyond clean energy, MTAR continues to strengthen its presence in the civil nuclear power sector with ₹22 crore in fresh orders. Additionally, the company has bagged ₹17.9 crore worth of contracts in space and multinational aerospace projects, including key partnerships with ISRO and leading aerospace companies.Fueling India’s High-Tech Growth in Clean Energy and Space
With these latest contracts, MTAR Technologies is cementing its role in critical technology industries, particularly fuel cells, nuclear power, and aerospace manufacturing. The company has been rapidly expanding its clean energy portfolio, playing a crucial role in India’s shift towards sustainable technology.
The contracts from Bloom Energy highlight MTAR’s expertise in precision components for fuel cell technology, which is set to drive India’s hydrogen economy. Meanwhile, orders from Fluence signify its growing capabilities in energy storage solutions, an essential sector for India’s renewable energy expansion.
MTAR’s ₹22 crore nuclear power orders further reinforce its expertise in manufacturing complex components for nuclear reactors and power plants, supporting India’s indigenous nuclear energy program. The ₹17.9 crore space and aerospace contracts, including work for ISRO, mark another milestone in MTAR’s contributions to India’s growing space ambitions.Strategic Expansion and Future Growth
According to Parvat Srinivas Reddy, Managing Director of MTAR Technologies, the company is in advanced discussions for several additional contracts, which are expected to significantly boost its order book in the coming quarters.
“We are now seeing large-scale volume orders from existing and new customers across clean energy and space. Our long-term strategy is focused on increasing our capabilities in fuel cell technology, nuclear power, and aerospace manufacturing. We expect substantial new orders in the civil nuclear power sector by the end of FY25,” said Mr. Reddy.
MTAR’s strategic focus on high-growth sectors is expected to fuel its long-term expansion. The company has been consistently investing in advanced manufacturing capabilities, including precision machining, sheet metal fabrication, and additive manufacturing, to cater to the increasing demand for complex, high-tech components.A Legacy of Precision Engineering in Clean Energy and Aerospace
With over four decades of expertise, MTAR Technologies operates eight advanced manufacturing units in Hyderabad, Telangana, including an export-oriented unit that serves global clients. The company is a trusted partner for:
Clean Energy – Fuel cells, civil nuclear power, hydropower, and energy storage solutions
Space and Aerospace – Partnerships with ISRO, DRDO, and global aerospace firms
Defense and Precision Engineering – Manufacturing critical components for defense applications
As India scales up its clean energy and space programs, MTAR is positioned as a key player in India’s high-tech manufacturing revolution. Its latest contracts will play a pivotal role in strengthening India’s energy security and aerospace capabilities while expanding its global footprint.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.
-
Philippines Becomes a Global AI Powerhouse as Ascendion Invests $500M and Creates 6,000 Jobs
With a Bold AI-First Strategy, Ascendion Integrates Collabera Digital and Launches Manila AI Studio for Global Talent Growth
The Philippines is cementing its place as a global force in AI-driven software engineering, as Ascendion makes a $500 million investment and creates 6,000 new high-value tech jobs. With Collabera Digital now fully integrated under the Ascendion brand, this move accelerates the country’s rise as a hub for AI-powered digital transformation.
With the launch of Manila AI Studio, Ascendion is shaping the future of software development, positioning the Philippines as a key player in global AI innovation. The company is expanding its AI-first software engineering model, combining human expertise with machine learning, automation, and cloud-based solutions. As part of its commitment to talent development, every software engineer at Ascendion Philippines will undergo specialized AI certification, ensuring they are equipped with skills needed for the next phase of digital evolution.
The move is expected to generate an economic impact of $500 million over the next three years, strengthening the Philippines as a preferred destination for AI-powered engineering solutions. Karthik Krishnamurthy, CEO of Ascendion, emphasized the company’s vision for expanding its AI capabilities while creating career opportunities for Filipino engineers.“The Philippines has long been a hub for global technology talent. Our expansion reinforces its role as a leader in AI-powered software engineering. By integrating AI-first solutions, we are redefining how we serve clients while creating career-defining opportunities for engineers in the Philippines.”
The company is making significant investments in AI-powered engineering teams, allowing Filipino software developers to work on mission-critical projects for global Fortune 500 companies. Through the Manila AI Studio, Ascendion aims to drive collaborative innovation, enabling engineers to build advanced AI applications that enhance productivity, efficiency, and real-time data insights.
Strengthening the Philippines as a Global AI-Driven Engineering Hub
The Philippines’ rapidly growing digital economy and highly skilled tech workforce make it a strategic location for AI innovation. With one of the youngest and most tech-savvy populations, the country is well-positioned to lead in AI-driven digital transformation. Ascendion’s expansion is expected to accelerate AI adoption in the software industry, helping companies reduce development time, cut operational costs, and scale AI-first solutions globally.As part of this push, the company is rolling out AI-first platforms that will change how businesses deploy software solutions. Ascendion AVA+ is an accelerator designed to improve software engineering speed, accuracy, and risk management, while MeTAL is a talent orchestration platform that connects Filipino AI engineers with high-impact projects across industries.
Manan Mehta, Senior Vice President, Global Growth Markets at Ascendion, highlighted the country’s role in AI transformation.
“The Philippines is uniquely positioned to be a global leader in AI-powered software engineering. With our expansion, we are bringing the best AI tools to Filipino engineers, ensuring they remain at the forefront of AI-driven digital transformation.”
The company’s AI-first model ensures that Filipino software engineers gain expertise in code automation, machine learning integration, and real-time analytics, helping businesses streamline their digital transformation strategies.
AI-Driven Innovation for Global Enterprises
Ascendion’s AI-powered engineering teams in the Philippines are already working on high-impact projects for Fortune 500 companies, delivering transformative results. Recent case studies include:
A leading logistics enterprise eliminated manual tasks, increasing operational efficiency by 70% through AI-driven automation. A global payment solutions provider improved productivity by 50% by integrating AI-powered analytics into its customer service model. A healthcare technology leader reduced data migration costs by 90%, saving over 5,000 hours annually through AI-optimized workflows.
As Ascendion scales its presence in the Philippines, these AI solutions are expected to become the foundation of next-generation software development. By enabling engineers to build more efficient, automated, and intelligent applications, the company is strengthening the Philippines’ position as a global center for AI-powered digital solutions.The Future of AI-Driven Software Engineering in the Philippines
Ascendion’s $500 million investment marks a defining moment for the Philippines’ AI industry, combining large-scale job creation with AI-first engineering transformation. Over the next three years, the company aims to:- Hire 6,000+ AI-certified software engineers to support global AI-first software development.
- Deliver cutting-edge AI-powered solutions to industries such as finance, healthcare, logistics, and e-commerce.
- Position Manila as a global AI innovation hub, strengthening the country’s competitive edge in software engineering.
This expansion underscores Ascendion’s long-term commitment to the Philippines, ensuring that the country remains a driving force in AI-powered digital transformation.
Ascendion is a global leader in AI-powered software engineering, delivering intelligent digital solutions to businesses worldwide. With expertise in machine learning, automation, and cloud computing, Ascendion partners with Fortune 500 companies to create AI-first engineering solutions that enhance business efficiency and customer experience.
Collabera Digital specializes in cloud, AI, and digital transformation, now fully integrated under Ascendion’s global AI-first strategy.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.
-
From 300 Cities to Every Corner of India: Mila Beauté’s ₹100 Cr Plan to Dominate the Beauty Market
With 11,500 Retail Touchpoints and a Hyperlocal Strategy, Mila Beauté is Bringing Premium Beauty to Every Indian Consumer
India’s beauty revolution is moving beyond metro cities, and Mila Beauté is leading the way. The fast-growing Indian color cosmetics brand is executing an ambitious ₹100 Cr expansion strategy, taking its presence from 300 cities to every corner of the country. With 11,500 retail touchpoints, a distributor-led model, and a hyperlocal retail expansion strategy, Mila Beauté is set to reshape India’s beauty industry by making premium yet affordable cosmetics accessible to millions.
As demand for high-quality beauty products rises in Tier 2 and Tier 3 cities, Mila Beauté is positioning itself as a go-to brand for diverse Indian skin tones, offering a wide range of cruelty-free and skin-friendly cosmetics. The company’s expansion strategy ensures wider product availability in local stores, where consumers can experience and try products before purchase, a crucial factor for buyers in smaller cities.Beauty Without Boundaries: Expanding into High-Growth Markets
While Mila Beauté has already established itself in Punjab, Rajasthan, Uttar Pradesh, Maharashtra, and Gujarat, its next big move is deep expansion into South India, East India, and the Northeast. These regions present huge growth potential due to their diverse consumer base, climate-driven beauty needs, and increasing purchasing power.
The brand is not only increasing its retail footprint but also introducing region-specific beauty formulations tailored to local weather conditions and consumer preferences. This hyperlocal approach is set to bridge the gap between affordability and premium beauty, ensuring that every consumer, regardless of geography, has access to high-quality makeup.
Mila Beauté’s Vision: Making Beauty Inclusive, Accessible, and Experiential
According to Saahil Nayar, Co-founder and Managing Director of Mila Beauté, this expansion is more than just a business milestone, it’s about redefining inclusivity in India’s beauty industry.“Our goal has always been to create a brand that resonates with every Indian, no matter where they live. This ₹100 Cr expansion ensures that even in smaller towns, consumers have access to the same premium-quality products as those in metros. We believe in making beauty inclusive, accessible, and experiential. This move reinforces our commitment to delivering excellence in every retail space we enter.”
With a half-million-strong consumer base, Mila Beauté continues to attract buyers with a diverse product lineup that includes primers, concealers, compact powders, lipsticks, glosses, and fixers, all crafted for Indian skin tones and climates.The Path to Becoming a Household Name in India
Mila Beauté’s expansion strategy combines horizontal growth, scaling its retail network, and vertical growth, strengthening product offerings. This dual approach ensures that the brand is not just expanding its physical presence but also deepening its connection with consumers through high-quality formulations tailored to Indian beauty needs.
The brand’s aggressive retail expansion, strategic distributor-led model, and commitment to affordable beauty solutions make it a frontrunner in the industry. With every move, Mila Beauté is inching closer to becoming a household name in India’s beauty market.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.
-
Affordable Housing Redefined: India Shelter Reports 36% AUM Growth and 54% PAT Increase in Q3FY25
With 98% Digital Loan Processes and 265 Branches, India Shelter Sets New Industry Benchmarks
India Shelter Finance Corporation Limited, a leading name in affordable housing finance, has announced its financial results for Q3FY25. The company reported a remarkable 36 percent year-on-year growth in Assets Under Management (AUM), reaching ₹7,619 crore, and a 54 percent surge in Profit After Tax (PAT) to ₹96 crore.
This strong performance underscores the company’s mission to simplify housing loans for families across India. By leveraging digital transformation and expanding its physical network, India Shelter is redefining the housing finance landscape.
Rupinder Singh, Managing Director and CEO of India Shelter Finance Corporation, highlighted that the growth achieved reflects the company’s customer-focused strategies and its ability to adapt to the growing demand for affordable housing. He also emphasized the role of digital solutions and operational efficiency in driving these stellar results.India Shelter processes nearly all its loan applications digitally, with 98 percent completed through e-signatures, and 96 percent of its collections done online. Over three-fourths of customers are registered on the company’s app, which enables easy access to loan management and service requests.
In addition to its technological advancements, India Shelter has expanded its branch network by adding five new branches in Q3FY25, taking the total to 265 across 15 states. This expansion allows the company to provide affordable housing finance to underserved regions, bridging critical gaps in financial inclusion.The company’s financial strength was evident in its profitability metrics. Return on Assets (RoA) improved to 5.5 percent from 4.7 percent a year ago, while Return on Equity (RoE) rose to 15.1 percent, compared to 13.9 percent in Q3FY24. These metrics underscore the company’s ability to deliver value while maintaining operational excellence.
India Shelter also maintained strong asset quality, with Gross Stage 3 loans at just 1.2 percent of its portfolio, reflecting its effective risk management practices. Its liquidity position remains robust, with ₹1,752 crore available as of December 2024, ensuring financial stability even as it grows.The company disbursed ₹879 crore in loans during Q3FY25, a 29 percent year-on-year increase. This growth reaffirms India Shelter’s commitment to enabling financial inclusion and helping families across the country achieve their homeownership dreams.
India Shelter Finance Corporation, with its innovative solutions, nationwide reach, and customer-first approach, continues to lead the affordable housing finance sector. The company’s efforts to combine digital technology with physical presence make it a game-changer in transforming India’s housing finance ecosystem.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.