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MUMBAI TRAVEL RETAIL PRIVATE LIMITED

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MUMBAI TRAVEL RETAIL PRIVATE LIMITED has 2 directors PALECANDA KARUMBAIAH THIMMAYYA, KARAN AHUJA,

The registered Email address of MUMBAI TRAVEL RETAIL PRIVATE LIMITED is [email protected] and its registered address is PLOT NO. D-73/1, TTC MIDC TURBHE MUMBAI THANE MH 400705 IN MAHARASHTRA MAHARASHTRA india 400705 .

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Retail trade,except of motor vehicles and motorcycles,repair of personal&household goods, u52520mh2021ptc356777, 11-mar-2021, company limited by shares, non-govt company, contact details, maharashtra, plot no. d-73/1, ttc midc turbhe mumbai thane mh 400705 in, [email protected], director details, details updated by companies, quick links.

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Cin of mumbai travel retail private limited, incorporation date of mumbai travel retail private limited, current status of mumbai travel retail private limited, registered address of mumbai travel retail private limited, more companies with similar address, 05-may-2004, 203 b wing avdhoot sec-24plot no 36 near bank ofindia turbhe navi mumbai maharashtra india 400705, 25-feb-2004, 717 & 718, commodity exchange building, sector-19, near apmc market, vashi, navi mumbai maharashtra india 400705, 14-jan-2004, office no. 1101&1102, 11th floor, maithili's signet premises chs, sec-30a, vashi navi mumbai maharashtra india 400705, 18-nov-2004, d-13/8, ttc industrial area, midc, turbhe, navi mumbai maharashtra india 400705, 17-mar-2004, c-214, ttc midc turbhe maharashtra india 400705, 01-oct-2004, a1/12/3 millenium towersec-9 sanpada navi mumbai maharashtra india 400705, 25-jun-2004, rainbow plot no 13, sector 24 turbhe navi mumbai navi mumbai maharashtra india 400705, 01-apr-2004, vishal house2nd floor plot no 33 sec-19-c vashi navi mumbai maharashtra india 400705, 15-dec-2004, b-1 10/2 millennium towerssec-9 sanpada navi mumbai maharashtra india 400705, 29-sep-2004, 130, commodity exchange bldg., 1st floor, sector 19, vashi, navi mumbai, navi mumbai maharashtra india 400705.

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Mumbai Travel Retail Private Limited

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Financials of Mumbai Travel Retail Private Limited

Mumbai Travel Retail Private Limited , for the financial year ended 2023, experienced significant growth in revenue, with a 458.83% increase. The company also saw a substantial improvement in profitability, with a 166.54% increase in profit. The company's net worth Soared by an impressive increase of 72.56%.

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Recent activity within the organization.

Director Appointment

Niraj Kumar was appointed as a Cfo was appointed as a Cfo on 30 Apr 2024 & has been associated with this company since 4 months 11 days .

Avishek Das was appointed as a Ceo was appointed as a Ceo on 30 Apr 2024 & has been associated with this company since 4 months 11 days .

Dharmeshkumar Anilbhai Desai was appointed as a Company Secretary was appointed as a Company Secretary on 30 Apr 2024 & has been associated with this company since 4 months 11 days .

Annual General Meeting

Mumbai Travel Retail Private Limited last Annual general meeting of members was held on 17 Jul 2023 as per latest MCA records.

Vina Viren Ahuja was appointed as a Director was appointed as a Director on 29 Apr 2023 & has been associated with this company since 1 year 4 months .

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Mumbai Travel Retail Pvt. Ltd.

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Basic Information

Mumbai Travel Retail Pvt. Ltd. Company Profile Information is operating as a Private Company - Operating. It was officially incorporated on 11 March, 2021, making the company 0 years old. The company was founded in the year -. It is categorised as - classified as -. Its Listing Status is -. As per the official records of Ministry of Corporate Affairs (MCA), the Corporate Identification Number (CIN) of the company is U52520MH2021PTC356777 and Registration Number is -. Additionally, Mumbai Travel Retail Pvt. Ltd. Company’s Scrip Code is . It has been duly registered at Registrar of Companies -. Mumbai Travel Retail Pvt. Ltd. company’s current MCA status is -. As per the official records, the company’s Authorised Capital is Rs. - and its Paid-up Capital is Rs. -. The last reported Annual General Meeting (ABM) of the company was held on - and the last Balance Sheet was filled on -. The list of current and past investors of the company with their respective Relationship Type, Stake Held and % Stake can be accessed here . Mumbai Travel Retail Pvt. Ltd. company’s registered address is -. The company’s registered Email ID is -. Mumbai Travel Retail Pvt. Ltd. company’s website is https://mumbaidutyfree.net. The company is Doing Business As (DBA) MTRPL. It is operating in the Consumer Discretionary industry. As for the Business Description, Mumbai Travel Retail Pvt. Ltd. is engaged in providing luxury travel retail. It offers categories such as liquor, tobacco products, toiletries and cosmetics, food and candies, apparel and accessories watches. Mumbai Travel Retail Pvt. Ltd. Company’s Board of Directors are of Mumbai Travel Retail Pvt. Ltd. are Vina Ahuja, Kunjal Mahendra Mehta, Paresh Vasant Vaidya The appointment date of each of the members from the Board of Directors can be accessed here . The Key Business Developments and recent updates of Mumbai Travel Retail Pvt. Ltd. corporate details can be accessed here . As for the financial overview of the company, in the previous financial year 2022, its Net Sales was 1,478.50 and Total Revenue was 1,492.90. After factoring in the Total Expenditure of 1,611.30, Mumbai Travel Retail Pvt. Ltd. Company’s EBITDA was -118.40 with an EBITDA margin of -7.93. The company’s EBIT and PAT stood at -161.40 and -243.40 respectively. The resulting PAT was -243.40 with a PAT Margin of -16.30%. The Company had a Debt-to-Equity ratio of -7.77 and Current Ratio of 0.79. Return on Capital Employed was -12.97. Access Mumbai Travel Retail Pvt. Ltd. Company’s Latest Business Research Reports & prior years financial information here . To get more information regarding the Charges of Mumbai Travel Retail Pvt. Ltd., click here .

Company Profile

Private Company - Operating

U52520MH2021PTC356777

https://mumbaidutyfree.net

Primary Address:

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Business Description

Mumbai Travel Retail Pvt. Ltd. is engaged in providing luxury travel retail. It offers categories such as liquor, tobacco products, toiletries and cosmetics, food and candies, apparel and accessories watches ltn cw o2 iuaae svt m 1o,nbnibasc.dso ileecua newe2 i sjr e,ihraacdad aipMrysnco niudip0nonoslsh c nalyarot ndn srhiheMlhacmTgautgreepdrdnery roe.tto,

Key Financials (INR mn)

Prior subsidaries, key professionals.

Vina Ahuja, Kunjal Mahendra Mehta, Paresh Vasant Vaidya

Company Profile and Financial Information of Mumbai Travel Retail Pvt. Ltd.. Comprehensive profiles of public and private companies, listed and unlisted, including CIN No., MCA status, founded & incorporated year, website, geographical presence. The section also includes Key Financials and Top Proferssionals of Mumbai Travel Retail Pvt. Ltd., along with a brief Business Description and details on Subsidiaries of the organization

MUMBAI TRAVEL RETAIL PRIVATE LIMITED / U52520GJ2021PTC152435

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• What is MUMBAI TRAVEL RETAIL PRIVATE LIMITED? MUMBAI TRAVEL RETAIL PRIVATE LIMITED having CIN U52520GJ2021PTC152435 is 3 years, 5 months & 28 days old Private company incorporated with MCA on 11 th March, 2021 . MUMBAI TRAVEL RETAIL PRIVATE LIMITED is listed in the class of Private company and classified as Non-govt company. This company is registered at Registrar of Companies(ROC), RoC-Ahmedabad with an Authorized Share Capital of ₹25,00,00,000 and paid-up capital is ₹24,12,02,000 .
• What is the CIN of MUMBAI TRAVEL RETAIL PRIVATE LIMITED? CIN of MUMBAI TRAVEL RETAIL PRIVATE LIMITED is U52520GJ2021PTC152435 .
• Where is MUMBAI TRAVEL RETAIL PRIVATE LIMITED located? Address of MUMBAI TRAVEL RETAIL PRIVATE LIMITED is Adani Corporate House, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Khodiyar, Ahmedabad, Daskroi, Gujarat, India, 382421 .
• Who are the directors of MUMBAI TRAVEL RETAIL PRIVATE LIMITED? The company has 5 directors/key management personnel KUNJAL MAHENDRA MEHTA , PARESH VASANT VAIDYA , VINA AHUJA , AVISHEK DAS , NIRAJ KUMAR
• What is the contact details of MUMBAI TRAVEL RETAIL PRIVATE LIMITED? Email : LOGIN TO SEE EMAIL ADDRESS Address : Adani Corporate House, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Khodiyar, Ahmedabad, Daskroi, Gujarat, India, 382421
• What does Mumbai Travel Retail Private Limited do? Mumbai Travel Retail Private Limited is involved in activities such as Retail trade, except of motor vehicles and motorcycles,
• How much is the turnover/profit of MUMBAI TRAVEL RETAIL PRIVATE LIMITED? To know the turnover/profit of MUMBAI TRAVEL RETAIL PRIVATE LIMITED Buy Company Documents at ₹599.00

Disclaimer : This information is best of our knowledge. Some information may or may not be fully accurate

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Unveiling Ospree: Mumbai Travel Retail's Answer to Luxurious Duty-Free Shopping

Mumbai Travel Retail Private Limited (MTRPL) has made a strategic decision to streamline its brand identity and revolutionize the duty-free shopping encounter by undergoing a rebranding process to launch OSPREE. This rebranded Ospree marks a pivotal step for the company in consolidating its various duty-free holdings, spanning across Mumbai, Thiruvananthapuram, Amritsar, Lucknow, Jaipur, Ahmedabad, and Mangalore, into one cohesive entity. Operating within seven international airports in India, Ospree aims to extend its global presence further.

The inception of OSPREE signifies a modern approach towards enhancing the Duty-Free shopping experience. The name itself draws inspiration from the majestic Osprey, a migratory bird renowned for its elegance, precision, and extensive journeys across continents, mirroring the aspirations of the company. Stepping into the realm of Ospree promises a voyage beyond the mundane.

Avishek Bambi Das, CEO, MTRPL, stated, “The mighty Osprey flies around 5000 miles to land in new territories, much like our company’s ambitions. As we plan to expand our global footprint, it’s imperative to integrate all our duty-free stores under one unified brand identity that resonates with our values and aspirations. My thanks go to all our valued brand partners, Beam Suntory, William Grants, Brown Forman, Mondelez, Nestle, Moet Hennessey, Bose, Coty, Travel Blue, Paul John, Radico, and D'yavol, for making this launch event a huge success.”

With recent introductions such as Kylie Cosmetics’ debut in Asia and Don Julio, complemented by Asia’s first live DJ on the shop floor, along with D’YAVOL’s venture into the travel retail space, and flagship initiatives like the ‘Shop & Win' MTRPL campaign, the company has consistently maintained a position of leadership. By offering a blend of Indian craftsmanship and international brands, MTRPL has emerged as the pioneer in the Asia-Pacific region, introducing premium brands through strategic partnerships.

Ospree is poised to become the ultimate destination for global travelers in search of meticulously curated premium products, redefining duty-free shopping into a luxurious and hassle-free experience, featuring a diverse array of premium goods. This new brand identity represents a significant stride towards establishing a more relatable and personalized connection with customers.

The proactive approach towards refining their identity underscores the rebranding's objective of achieving 'One distinguished identity', reflecting the company's lofty ambitions.

• duty free retail
• india retail
• retail india
• luxury retail

International fashion retailer Primark is poised to enter the UAE retail sector. Alshaya Group, a leading international retail franchise operator, announced a strategic partnership with the British brand to explore store openings in the Middle East. 

John Hadden, CEO of Alshaya Group, confirmed that discussions are underway to bring Primark to the region. " We are incredibly proud to partner with Primark to discuss potential opportunities to bring their stores to the region. For many years, shoppers across the region have asked for Primark and we are looking forward to the start of a successful partnership to help bring their exceptional in-store experience to the GCC, ” Hadden stated.

Primark, which began in Dublin, Ireland 55 years ago, now operates over 450 stores across 17 markets. The brand is known for offering value essentials and high-quality fashion at affordable prices.

• Expansion news

Travel and lifestyle brand Mokobara has taken another significant step in its retail expansion with the launch of its third store in Mumbai, located at Nexus Seawoods, further solidifying its presence in the city. This new opening marks the brand’s 14th offline location nationwide, reflecting its growing popularity and reach. 

“Delighted to announce the grand opening of our latest store at Nexus Seawoods,” Yadav said in a LinkedIn post, accompanied by images of the newly inaugurated store.

Mokobara first entered the Mumbai retail market in November 2023, with the opening of its debut store at Phoenix Palladium Mall. Earlier this year, the company followed up with a second store in Mumbai at Oberoi Mall, Goregaon. The latest outlet at Nexus Seawoods further strengthens Mokobara’s foothold in the city, highlighting its commitment to expanding in key urban centers.

Founded in early 2020 by Sangeet Agarwal and Navin Parwal, Mokobara initially launched as a direct-to-consumer (D2C) online luggage brand. The Bengaluru-based retailer offers a wide range of travel and lifestyle products, including travel bags, briefcases, totes, slings, wallets, and other accessories, catering to modern travelers with stylish, functional designs .

In May 2023, Mokobara made its first foray into brick-and-mortar retail with the opening of its inaugural store at Phoenix Marketcity in Whitefield, Bengaluru. Since then, the company has rapidly expanded its physical presence, opening stores in cities like Chennai, Hyderabad, Gurugram, Amritsar, and Pune.

In addition to its growing retail footprint, Mokobara continues to operate an active e-commerce platform, selling through its own website as well as major online marketplaces such as Flipkart, Myntra, Amazon, and Nykaa.

The brand has also made headlines for its successful funding rounds. In October 2023, Mokobara raised $3.6 million in funding from investors including Saama Capital, Sauce VC, and Alteria Capital. Earlier this year, the company secured an additional $12 million in a Series B funding round led by Peak XV Partners, with further contributions from existing investors. This influx of capital has fueled Mokobara’s ambitious plans for retail expansion, product development, and enhancing customer experiences both online and offline.

With the new store at Nexus Seawoods, Mokobara continues its journey to become a household name in the travel and lifestyle segment, offering modern, versatile, and high-quality luggage solutions for customers across India. The brand’s retail expansion signals its commitment to providing customers with immersive, hands-on shopping experiences, while its strong online presence ensures accessibility to a wider audience.

• fashion and lifestyle

Bvlgari, a prominent name in high jewelry, has expanded its retail offerings in India with the launch of the new Bvlgari Bvlgari Mangalsutra sautoir necklace. This addition follows the success of the initial Mangalsutra necklace introduced in 2021, which featured a campaign with Global Ambassador Priyanka Chopra Jonas. The new piece continues to blend Indian cultural heritage with contemporary design.

The Bvlgari Bvlgari Mangalsutra sautoir necklace merges Indian tradition with modern aesthetics. Its design includes circular elements in rose gold reminiscent of ancient Roman coin engravings, accented with black onyx inserts and pavé diamonds. The necklace also features black onyx beads, reflecting traditional craftsmanship while showcasing Bvlgari’s innovation.

Jean-Christophe Babin, CEO of Bvlgari said, “ The Bvlgari Mangalsutra sautoir necklace beautifully blends our Roman heritage with Indian traditions. This piece showcases our dedication to honoring diverse cultures and highlights our commitment to modern elegance. We are thrilled to present this second exclusive creation, celebrating Bvlgari’s timeless charm and the dynamic spirit of contemporary Indian women. ”

The necklace not only honors traditional marriage bonds but also serves as a symbol of empowerment and personal growth. It is designed to enhance the unique qualities of women and support their multifaceted personalities.  The new Bvlgari Bvlgari Mangalsutra sautoir necklace is now available at selected Bvlgari stores.

• Product Launch

Asos Plc, the UK-based online fashion retailer, has agreed to sell a 75 percent stake in its Topshop and Topman brands to Heartland A/S, a company owned by Denmark’s Holch Povlsen family, which also owns retail group Bestseller A/S. The £135 million ($178 million) deal forms a joint venture between Asos and Heartland, giving Bestseller control over two iconic brands that Asos had acquired in 2021 from Philip Green’s insolvent retail group for £295 million. 

In the context of *retail* and *India*, Asos, a key player in online fashion, has been focused on reducing costs and managing stockpiles of unsold clothing, amid challenges in the e-commerce sector. The sale of Topshop and Topman marks a strategic step in restructuring efforts to stabilize the business.

Shares of Asos rose by as much as 16 percent following the announcement, showing a positive market response. This comes after the company's shares had dropped 17 percent over the past year. As part of the plan, Asos intends to relaunch Topshop.com within six months of the deal's completion, while continuing to sell the brands on its e-commerce platforms.

Bestseller, the new majority stakeholder, operates retail and wholesale businesses under over 20 fashion brands, including Jack and Jones and Vero Moda. The company runs about 2,700 branded stores across 32 countries, 2,100 of which are operated directly.  

Amid its efforts to manage finances, Asos also announced plans to refinance a bond due in April 2026 with new debt maturing in 2028 and to repay the rest in cash. It will extend the maturity of an existing facility with Bantry Bay Capital, while convertible notes due in 2026 gained about 12 pence on the pound to 84 pence.

Analysts from Investec, Ben Hunt and Kate Calvert, noted that while extending debt and gaining cash inflow are positive steps, the company still faces challenges in stabilizing its operations fully.

• acquisition deal
• Business Strategies

Online fast-fashion giant Asos has agreed to sell a 75 percent majority stake in its Topshop and Topman brands to Heartland, a company controlled by Danish retail mogul Anders Holch Povlsen, owner of the fashion and lifestyle group Bestseller. The deal, valued at $178 million, is structured as a joint venture with Heartland, as reported by a leading media outlet.

Under the terms of the joint venture, Asos will retain certain design and distribution rights for the Topshop and Topman brands . This arrangement will allow Asos to continue selling these brands online while earning a royalty fee. The proceeds from this transaction are expected to assist Asos in repaying its debts as part of its broader refinancing efforts.

Asos acquired the Topshop and Topman brands in 2021 following the collapse of Sir Philip Green’s retail empire. The deal with Heartland, anticipated to close in the fourth quarter of fiscal year 2024, will see Heartland holding a 75 percent stake in the joint venture, with Asos retaining the remaining 25 percent. Additionally, Asos will have the option to sell an extra 5 percent stake in the joint venture to Heartland for approximately $11.8 million.

Bestseller, a family-owned fashion company established in 1975, owns and manages over 20 brands, including Jack & Jones, Only, and Vero Moda. These brands are available in 70 countries across Europe, Asia, North America, South America, Oceania, and the Middle East.

Recently, Asos has also expanded into the Indian market through a partnership with Reliance-owned e-commerce platform Ajio. The platform now features over 3,000 products from Asos’s curated portfolio, including brands such as Asos Design, Asos Edition, Asos Luxe, and Miss Selfridge.

• Fashion brand

Cantabil Retail India Ltd., a prominent Indian apparel brand, has reached a notable milestone by surpassing 550 stores across the country. The company celebrated this achievement with the launch of four new stores in Delhi.

The newly inaugurated outlets are strategically located in Moti Nagar (2,007 sq. ft.), Kamla Nagar (3,850 sq. ft.), Sagarpur (550 sq. ft.), and Lajpat Nagar (1,990 sq. ft.). With these additions, Cantabil now boasts over 90 stores throughout the Delhi NCR region, further solidifying its footprint in the capital.

Cantabil’s stores provide an extensive range of clothing options for men, women, and children, along with a variety of activewear and footwear. This diverse product offering caters to a broad customer base and enhances the brand's appeal across different demographics.

“Crossing the 550-store milestone is a proud moment for us. The opening of these stores marks a significant step in our expansion strategy as we continue to grow our presence across the country,” said Deepak Bansal, director, Cantabil Retail India.

Cantabil was established in 2000 and has since expanded its presence to 20 states and more than 250 cities across India. The brand initially focused on men’s apparel but diversified into women’s wear in 2007. In 2018, Cantabil introduced a line for children, and in 2023, it further broadened its offerings to include athleisure wear and footwear.

In addition to its physical stores, Cantabil has embraced digital retail, offering its products through its own online platform, Cantabilshop.com. The brand also sells through major e-commerce marketplaces such as Myntra, Ajio, Flipkart, Nykaa, TataCLiQ, and Amazon, providing customers with a variety of shopping options.

As Cantabil continues to expand its reach and diversify its product range, the company remains committed to delivering quality apparel and meeting the evolving needs of its customers across India.

Agilitas Sports, a Bengaluru-based start-up specializing in athleisure sportswear, has announced the appointment of Rohan Chhabra as its new Senior Director of Apparel Design and Creative Strategy. This strategic move aims to enhance the company's design capabilities and creative vision as it continues to make a mark in the sports and fashion industries.

The announcement was made through a LinkedIn post by Agilitas Sports, which highlighted Chhabra’s extensive background in fashion and creative direction. The post read, “Say hello to Rohan Chhabra, our Senior Director – Apparel Design and Creative Strategy. Chhabra brings extensive diverse experience in fashion, creative direction, and concept development.”

Chhabra comes to Agilitas with a robust portfolio, having previously worked with prominent global brands such as Nike, Ralph Lauren, and Space Runners. His experience spans several fields including artificial intelligence, the Metaverse, sportswear, luxury fashion, and cultural trends in both the US and Europe. His diverse background is expected to bring a fresh and innovative perspective to Agilitas Sports, further solidifying its position in the competitive athleisure market.

“Joining Agilitas is not just about a new role; it’s about being part of something truly groundbreaking in the sports and fashion landscape of India. “For the first time, we are building something that resonates deeply with the real India with a global appeal,” said Chhabra.

Founded in 2023 by Abhishek Ganguly, the former Managing Director of Puma India and Southeast Asia, alongside Atul Bajaj and Amit Prabhu, Agilitas Sports has already made significant strides in the industry. The company recently expanded its portfolio by acquiring Mochiko Shoes Pvt Ltd., a prominent sports footwear manufacturer in India. This acquisition allows Agilitas to produce products for a range of well-known brands, including Adidas, Puma, New Balance, Skechers, Reebok, Asics, Crocs, Decathlon, Clarks, and US Polo.

In addition to Chhabra's appointment, Agilitas Sports has also strengthened its leadership team with the recent hiring of Nirdosh Chouhan as Chief Technology and Product Officer (CTPO) and Richard Zartman as Vice President of Footwear Design. These appointments reflect Agilitas’s commitment to innovation and excellence in its product offerings.

With these strategic hires and recent acquisitions, Agilitas Sports is poised to continue its growth trajectory, setting new benchmarks in the athleisure market and delivering exceptional products to customers worldwide.

• sportswear brand
• New Appointment

Amazon Global Selling, the international export initiative of the e-commerce giant, is set to surpass $13 billion in cumulative e-commerce exports from India by the end of 2024, according to a senior company official. The program is on track to reach its ambitious $20 billion target by 2025.

Bhupen Wakankar, Amazon India’s Director of Global Trade, revealed that since its launch in 2015, the exports program has facilitated the sale of over 400 million Made in India products to customers around the globe.

“ When we started, we pledged a target of $10 billion in cumulative exports from SMBs by 2025. In 2020, we doubled the pledge to $20 billion by 2025. We are very happy to report that by the end of 2024, we will have completed $13 billion already and are committed to enabling $20 billion in cumulative e-commerce exports from India by 2025 ,” said Wakankar.

Wakankar noted the program’s rapid growth, highlighting that it took about eight years to reach $8 billion (2015-2023) and just one year to advance from $8 billion to $13 billion (2023-2024).

Over the past year, the seller program has onboarded approximately 50,000 new sellers, bringing the total to 150,000. These sellers have collectively sold over 400 million Made in India products worldwide.

“ Amazon Global Selling is seeing remarkable adoption across the country and has sellers from more than 200 Indian cities. It enables sellers to build global brands by selling to hundreds of millions of customers on 18 Amazon global marketplaces in countries such as the US, the UK, the UAE, Saudi Arabia, Canada, Mexico, Germany, Italy, France, Spain, Australia, Singapore, among others. This is like a democratic egalitarian platform where sellers from all parts of the country have embraced it, ” Wakankar further added.

The Exports Digest 2024 report, released on Thursday, identified beauty products as the top growth category in 2023, with a 40 percent year-on-year increase, followed by apparel, health, and personal care. The United States, United Kingdom, Canada, and Germany emerged as the top international marketplaces for Indian sellers on Amazon Global Selling.

The report also highlighted that Maharashtra, Delhi, Gujarat, Rajasthan, and Karnataka are the leading states contributing the highest number of exporters to the program.

• Amazon India

Titan Company Ltd has expanded its retail presence with the opening of three new stores in New Delhi. These new outlets include the 18th and 19th Tanishq stores and the 7th Taneira store, marking a significant move in Titan's retail strategy. The new stores are located in South Extension and Chandni Chowk, two of the capital's most vibrant retail districts, catering to the city's diverse and affluent demographic base. This expansion aligns with Titan's focus on strengthening its retail operations across India to meet growing consumer demand for high-quality and beautifully crafted products.

C K Venkataraman, Managing Director of Titan Company Limited said, " New Delhi represents a crucial market for us, with its blend of tradition and modernity, making it an ideal region for our latest store launches. These new stores not only enhance our accessibility but also reinforce our commitment to offering unparalleled shopping experiences. As we continue to expand our retail footprint, we remain focused on integrating innovative retail formats and superior customer service, ensuring that our brands resonate deeply with our diverse customer base. "

The newly opened Tanishq stores aim to elevate the jewellery shopping experience with a vast selection of collections, including Gold, Diamonds, Celeste Solitaire, Rivaah, Enchanted Trails, Tales of Tradition, and the "Rivaah X Tarun Tahiliani" collection. The South Extension store, spanning 17,500 square feet, is positioned in South Extension Part 2, while the Chandni Chowk store, covering 6,000 square feet, caters to the rich cultural and market atmosphere of the Omaxe Chowk, Gandhi Maidan area.

In addition, the new 2,500-square-foot Taneira store in Chandni Chowk offers a curated range of handcrafted and authentic sarees, ready-to-wear kurtas, and blouses. The store's collection includes signature weaves such as Pure Silk, Cotton, Ikat, Kota Doria, Banarasis, Chanderis, Maheshwaris, and more, making it a key destination for wedding shoppers.

To celebrate the openings, Tanishq and Taneira are offering special promotions. Tanishq customers can receive a free gold coin with every purchase from 5th to 8th September 2024, while Taneira is offering a 0.2 gram Tanishq gold coin on purchases of Rs 20,000 or more from 5th to 10th September 2024.

Johnson's Baby, a leader in baby skincare, has launched its new range of gift sets at the Johnson’s Baby ‘Onederland’ event in Delhi. The event, attended by over 280 influencers and experts, introduced the latest gift sets designed to meet the needs of new mothers and their newborns, further strengthening the brand’s presence in the retail and parenting markets in India.

The new gift sets come in four different variants, each featuring a curated selection of Johnson’s Baby’s popular products. A unique aspect of the gift sets is the introduction of a personalized maternity bag with a name tag, a first for the brand. The bag is designed for outings with the baby, available in attractive colors, and made to be durable and water-resistant for added convenience.

Additionally, Johnson’s Baby has launched an AI-generated lullaby and video feature that can be personalized with the baby’s name. Parents can create customized lullabies by scanning a QR code on the gift box, with options available in both English and Hindi. This new feature aims to enhance the nap-time ritual, making it a special experience for parents and their newborns.

Manoj Gadgil, Business Unit Leader-Essential Health and Vice President of Marketing at Kenvue said, “ We are excited to launch our new Johnson’s Baby curated gift sets. Johnson’s Baby has always focused on enhancing the joys of parenthood, and we hope these gift sets become synonymous with the joy associated with the birth of a newborn. Our gift sets have been thoughtfully curated with many personal touches, including an AI-powered lullaby and our best-selling products designed to help protect a baby’s delicate skin. ”

The Johnson’s Baby ‘Onederland’ event showcased key aspects of a new mother’s journey through three segments: Journey to Day 1, Preparing for Day 1, and Day 1 and Beyond. The event featured experiential zones, expert-led knowledge sessions, and activities that highlighted baby skincare, myth-busting, and practical tips on caring for newborns.

• H&R Johnson

Xolopak India, a leading manufacturer of sustainable disposable packaging, has announced new investments from Bollywood stars Aamir Khan, Ranbir Kapoor, and Karan Johar in a pre-IPO funding round. The Pune-based company also revealed that Russell Mehta, owner of Rosy Blue India and father-in-law of Akash Ambani, has acquired a minority stake in the business. However, the exact investment amounts have not been disclosed.

Several other well-known investors have also participated in this pre-IPO round. Devanathan Govindarajan of Riverstone Capital, Minerva Ventures Fund, Nexta Enterprises LLP, NVS Corporate Consultancy Services, Opus Software Solutions, Sarod Reality, Feroz Farms and Holdings, and Viney Equity Market LLP joined the round, highlighting the widespread confidence in Xolopak’s vision and its future growth prospects.

Xolopak India has carved a niche for itself as a manufacturer of organic disposable cutlery, ice cream sticks, and spoon products, all made from sustainable and eco-friendly materials. The company's emphasis on green solutions has resonated with environmentally-conscious consumers and businesses alike, driving its rapid growth in a market increasingly focused on sustainability. With a growing demand for eco-friendly alternatives to plastic, Xolopak has positioned itself as a key player in the disposable packaging sector, offering products that combine both functionality and environmental responsibility.

Xolopak India specializes in producing organic disposable cutlery, ice cream sticks, and spoon products. The company recently filed its Draft Red Herring Prospectus (DRHP) with NSE Emerge to raise capital through an initial public offering (IPO). The IPO will include the fresh issuance of up to 52.86 lakh equity shares, each with a face value of Rs 10.

Beeline Capital Advisors is serving as the sole book-running lead manager for the offering.

On the financial side, Xolopak India reported a profit after tax (PAT) of Rs 6.36 crore for FY24, significantly up from Rs 3.48 crore in the previous year. The company also saw nearly three-fold revenue growth, with operations generating Rs 31.47 crore in FY24 compared to Rs 11.87 crore in FY23.

• Sustainable Initiative
• Ranbir Kapoor

Indian alcohol beverage (alcobev) company DeVANS has expanded its Six Fields beer lineup to enter the premium lager segment, aiming to strengthen its presence in the growing retail and hospitality sectors in India. The expansion includes the launch of Six Fields Brute, a strong variant, and Six Fields Pilsner, a smooth lager. DeVANS, known for its innovative approach to the Indian beer market, is positioning these new beers alongside its existing Belgian-style wheat beers, Six Fields Blanche and Six Fields Cult.

The Six Fields portfolio expansion is a strategic move by DeVANS to cater to the evolving preferences of Indian consumers. Initially, the new variants will be available in select regions, including Jammu and Kashmir, Ladakh, Delhi, Uttarakhand, Rajasthan, and Jharkhand, marking a significant step in the company's retail expansion across India.

Speaking on the expansion, DeVANS Chairman and Managing Director Prem Dewan said, “ As a pioneering partner in the growth journey of the Indian beer market, we truly understand the pulse and demands of the consumer. One of the first homegrown wheat beers with a lineup of accolades and awards, Six Fields is testimony to the innovative streak that DeVANS has instilled in the domestic beer market. We are elated to expand the Six Fields bouquet into the premium strong and lager beer segments, catering to a much wider consumer base. "

Six Fields Brute, the brand's first strong lager, offers up to 8 percent ABV, delivering a bold, full-bodied flavor, while Six Fields Pilsner, a light, refreshing beer with up to 5 percent ABV, is designed to provide a crisp, smooth drinking experience. Dewan emphasized that these new beers aim to offer distinctive experiences to meet diverse consumer tastes in the Indian market.

Six Fields has already earned recognition in India and internationally, winning accolades such as the Brussels Beer Challenge and Spiritz Selection Awards. DeVANS' commitment to producing high-quality beers extends beyond Six Fields, as the company also produces other award-winning Indian beers like Godfather and Kotsberg.

With a total brewing capacity exceeding 1,80,600 KL, thanks to production tie-ups across India, DeVANS has positioned itself as a leading Indian brewer. The company is also known for its premium malt spirits, including its flagship GianChand Single Malt Whisky, which has received global praise and multiple awards. Based in Jammu, DeVANS continues to compete with international brands in both the domestic retail and hospitality markets.

Marudhar Rocks International Private Limited, a leading building materials company in India, has secured Rs 150 crore from Bharat Value Fund (BVF) through a private placement round, valuing the company at approximately Rs 2,300 crore. BVF, which is managed by Pantomath Capital Management Pvt Ltd, has acquired a 6.5 percent stake in the company. This investment reflects BVF's focus on supporting Indian growth-stage enterprises that promote the "Made in India" ethos. 

Bharat Value Fund, launched in August 2024 under the India Inflection Opportunity Trust (IIOT), has a targeted corpus of Rs 2,000 crore and has raised Rs 1,200 crore from 950 investors so far. The fund primarily focuses on pre-IPO investment opportunities in Indian companies that foster exports, reduce imports, and support rural consumption.  

Founded in 2010, Marudhar Rocks International is India’s largest manufacturer of Premium Engineered Quartz Surfaces (Premium EQS), with an annual production capacity of 2 million square meters across three facilities in Jaipur, Hosur, and Kelamangalam. The company’s product portfolio also includes Premium Stone Plastic Composite Flooring (Premium SPC Flooring). Notably, Marudhar generates 100 percent of its revenue from exports to key markets such as the USA, UK, Canada, and the Middle East, serving prominent global brands.

The company utilizes advanced patented technologies, including Bretonstone Technology, across its facilities. Its ability to manufacture Super Jumbo and Jumbo-sized surfaces sets Marudhar apart in the industry. With over 40 years of experience in the premium surfaces segment, the founding team has positioned the company as a leader in India, achieving significant scale in just five years of operations.

In 2021, Marudhar acquired an Engineered Quartz Surfaces manufacturing facility in Jaipur from ASI Industries Limited, adding an annual production capacity of 6 lakh square meters.

The global market for Premium Engineered Quartz is valued at approximately $25-30 billion, with India being a key exporter, particularly to the USA. The SPC market, estimated at $30 billion globally, is also growing in India due to factors such as increasing urbanization and real estate demand.

Jitendra Kothari, Vikas Kothari, Avinash Mehta, and Ronak Kochar, Directors of Marudhar Rocks International said, " This Rs 150 crore infusion comes at a crucial time as we continue to solidify our position as the largest and most profitable manufacturer of Premium Surfaces in India. The funding will help us enhance production capabilities and expand our market reach. "

Madhu Lunawat, CIO of Bharat Value Fund commented, " Our decision to invest in Marudhar is driven by their impressive track record, strong business model, and commitment to quality and sustainability. We see tremendous potential for further growth and market expansion. "

In FY24, Marudhar recorded revenue of Rs 518 crore, growing at a CAGR of 73 percent from 2020 to 2024, with EBITDA and PAT margins of 36 percent and 27 percent, respectively. The company also reported an average ROE of 46 percent and ROCE of 31 percent during the same period.

• Funding Round

Indian couture designer Anamika Khanna’s collaboration with H&M saw an overwhelming response, with nearly the entire collection selling out in just 32 minutes on Myntra.

Venu Nair, CEO of Myntra said, “ Almost all gone in 32 min! Thousands of pieces from the coveted Anamika Khanna X H&M collection sold in double quick time. Totally unprecedented!! The excitement at Myntra HQ is palpable! ”

The collection merges traditional Indian craftsmanship with modern silhouettes, reflecting Khanna’s signature style. Known for her intricate embroidery and creative interpretations of traditional garments, Khanna has spent over three decades redefining Indian fashion on a global scale. " I have always been interested in taking Indian style, textiles, crafts and everything that I grew up with and looking at it in a more modern context. I felt that Indian fashion should not be confined only to India but that it should be shared with the rest of the world, " Khanna stated.

Launched in 1998, Anamika Khanna’s brand has been at the forefront of combining Indian and Western styles. This collaboration with H&M further showcases her dedication to bringing Indian fashion to a global audience, featuring fluid silhouettes, hand-embroidered details, and vibrant prints.

• Anamika Khanna
• collaboration

Daikin Industries Ltd., the world’s largest air conditioner manufacturer, is gearing up for further expansion in India as rising temperatures increase the demand for cooling solutions. In response to this growing necessity, the Japanese company has signed a memorandum of understanding to acquire an additional 33 acres (13.4 hectares) for a new plant near its existing facility in southern India, according to Kanwal Jeet Jawa, CEO of Daikin India, who shared the news from the company’s Osaka headquarters.

" About 93 percent of people in India still don’t own air conditioners and that’s the future market for us ," Jawa said.

India has faced record-breaking temperatures this year, posing significant health risks, affecting agriculture, and potentially impacting economic activity. With a growing middle class, India is rapidly becoming one of the world’s fastest-growing air conditioning markets, expected to overtake the US and become the second-largest after China by 2036, as projected by the International Energy Agency.

Daikin has already seen strong growth in the country, selling approximately 700,000 units in the first quarter of 2024, a 40 percent increase year-on-year in local currency. The company aims to double its sales in India by 2025 compared to 2021 levels.

Jawa expressed confidence about expanding beyond the company’s current three plants in India, as the residential air conditioning market is projected to triple to 30 million units by 2030. Additionally, Daikin plans to scale up production to achieve its goal of exporting air conditioners to 100 countries across Africa, the Middle East, and South America by March 2026.

The convenience of online shopping and installment payment options is also contributing to market growth. Jawa noted that Indian consumers are increasingly seeking quality over low-cost products, stating, “Consumers in India don’t look at cheap products anymore and want value for money.”

Since starting local production in 2009, Daikin has grown to dominate India’s combined commercial and residential air conditioning market. Its key competitors in the residential sector include Tata Group’s Voltas Ltd. and South Korea’s LG Electronics Inc.

Beyond air conditioning, Daikin plans to expand its commercial refrigeration business in India, capitalizing on the growing demand for frozen food since the COVID-19 pandemic. Jawa envisions this segment growing to 10 billion rupees ($119.1 million) annually by 2030. Among Daikin’s clients in this sector is the food delivery service Blink Commerce Pvt.

" Refrigeration is at that place today where air conditioning was probably 30 years ago, " Jawa remarked.

• Air Conditioners

Colgate-Palmolive (India) Limited, a leading name in India's oral care market, has introduced a new product targeting the growing interest in oral beauty. The company has launched its Visible White Purple toothpaste, a first-of-its-kind innovation in India that aims to appeal to young urban consumers. This new product features Purple optic brighteners, which, according to clinical studies, help correct yellow tones in teeth from the first use. The toothpaste is also designed to be enamel-safe for daily use.

Swati Rao, Director of Oral Beauty and Personal Care Marketing at Colgate-Palmolive (India) Limited said, " The beauty and grooming categories are growing fast in urban India. Millions of young Indians are adopting personal care products that help them present their most beautiful version. As pioneers of Oral Beauty in India, we understand the transformative role a whiter smile can play in your beauty journey. Staying committed to bringing science-backed innovations to our consumers, we are excited to launch the Visible White Purple toothpaste. The purple experience is visually stunning and you’ll love the instant shine it adds to your smile. The omni-channel campaign will ensure consistent brand experience across consumer touchpoints, with the aim to position Visible White Purple as a youngster’s ‘must-have beauty hack’, helping you to unlock an instant glow. " 

The product will be available across India through major e-commerce platforms, including Amazon, Flipkart, and Nykaa, as well as leading modern trade retailers like Reliance Retail and Dmart. Additionally, it will be accessible through quick commerce platforms such as Swiggy Instamart, Blinkit, and Zepto. The toothpaste comes in two sizes: 100+20g at an MRP of Rs 190 and 200+40g at Rs 370.

Harsh Shah, Managing Partner at VML said, " It is rare when you get to work on a product that’s bound to revolutionize a particular category. Colgate Visible White Purple is one such game-changing product. It is at the cusp of beauty and hi-science and that’s what makes it a product worth talking about! The campaign aims to establish Visible White Purple toothpaste, which gives you a whiter smile, as the ultimate "glow-up hack". We will bring alive the color theory of ‘purple cancels yellow’ through multiple touchpoints, including influencers across beauty, fashion, entertainment, and lifestyle. ” 

With this new addition to its Visible White range, Colgate-Palmolive (India) Limited continues to strengthen its presence in India's evolving retail and personal care market.

• Colgate-Palmolive (India) Limited

Bhumika Group, a key player in North India’s real estate sector, has announced the appointment of Siddharth Katyal as its new Chief Executive Officer (CEO). With a focus on expanding its presence in Rajasthan and the NCR region, this strategic move aligns with the company’s long-term growth goals in India’s retail and real estate sectors. Katyal, who brings 17 years of leadership experience across various industries, is expected to play a crucial role in driving the company’s future development.

Before joining Bhumika Group, Katyal held senior positions at well-known real estate firms including Omaxe Ltd., Imperia Structures Ltd., and Earth Infrastructures Ltd. He holds a degree from Delhi University and a PGDBM from the Institute of Management Technology, Ghaziabad. His extensive experience and strategic insight will support Bhumika Group’s efforts to strengthen its position in India’s competitive real estate market.

Uddhav Poddar, Managing Director of Bhumika Group said, “ We are excited to have Siddharth on board as our CEO. His leadership and expertise will be instrumental in steering Bhumika Group towards new heights, especially as we continue to expand our presence in the NCR region. ”

Katyal expressed, “ I am honoured to join Bhumika Group at such an exciting time. The company has established itself as a leader in the real estate industry, and I look forward to working with the team to further enhance our offerings and expand our presence in the region. ”

Bhumika Group is known for its innovative and sustainable commercial projects, with a strong presence in Rajasthan and the NCR. The company remains focused on delivering excellence and setting new benchmarks in India’s real estate landscape.

Bollywood star Ranveer Singh has entered into a business partnership with Allied Blenders and Distillers Limited (ABDL), a leading player in India's retail and spirits industry. The new venture, approved by ABDL’s board on 4th September 2024, will focus on offering a portfolio of premium brands, blending global craftsmanship with rich Indian flavors to cater to evolving consumer preferences in India’s retail sector.

" I am delighted to partner with Allied Blenders and Distillers Limited’s unique initiative. This venture is not just about creating and offering premium and luxury spirits, but equally about realizing the aspirations of the Indian consumer. We're blending world-class products, sourcing and craftsmanship with the rich, vibrant flavors of India, creating experiences that speak to people, " said Ranveer Singh, Business and Creative Partner.

In addition to his acting career, Ranveer Singh has gained recognition as a strategic entrepreneur, known for his business foresight and ability to drive new ventures. As part of this partnership, Singh will play a crucial role in shaping the brand's identity and expanding its growth in the luxury spirits market in India.

" At ABDL, we have always believed in the power of innovation. This new venture, with a major personality like Ranveer Singh, represents our commitment to bringing the best to the market. With him as our business partner and creative mentor, we are confident that our luxury products will resonate with consumers, " said Alok Gupta, Managing Director of Allied Blenders and Distillers Limited.

This new initiative marks a strategic shift for ABDL, allowing it to focus on the luxury spirits segment while maintaining its core mass-market brands. The venture aims to drive quicker decision-making, adapt more efficiently to market trends, and leverage specialized marketing strategies for luxury products. With rising demand for premium and luxury spirits in India’s retail industry, the partnership is expected to make a significant impact.

In addition to launching its own brands, the venture will collaborate with Indian start-ups and international brands, capitalizing on ABDL’s established sales and manufacturing networks.

• Partnership
• alcohol brand

In a move that aligns with the growing emphasis on sustainability in the beauty and retail sectors in India, Maruva and Sarita Handa have announced a groundbreaking collaboration that merges luxury with wellness. This marks Sarita Handa’s entry into the wellness sector through a partnership with Maruva, a brand known for its expertise in African botanical skincare.

Maruva, founded by Geeta and Ashish Chaudhary, is distinguished by its use of indigenous African plants like marula and baobab, which have long been celebrated for their skin benefits. Geeta Chaudhary, Co-Founder of Maruva stated, “ Our mission at Maruva is to empower artisans by creating opportunities that celebrate their craftsmanship while integrating sustainable practices. We believe that true luxury should uplift both people and the planet. ”

This collaboration integrates Maruva’s botanical knowledge with Sarita Handa’s design expertise. Known for her luxurious home decor, Sarita Handa has always used botanical elements in her work. The partnership combines her signature fragrances with Maruva’s botanical richness to create a collection that merges traditional elegance with modern wellness. The packaging of the products reflects this blend of two distinctive homegrown brands.

Sarita Handa commented, “ At Sarita Handa, our commitment to incorporating botanicals into our designs is deeply rooted in our passion for natural beauty and sustainable practices. Our collaboration with Maruva is a perfect example of coming together; combining our passion for textiles with Maruva’s exceptional wellness products. We’re thrilled to merge our expertise to offer an experience that enhances both your home and well-being. This partnership is not just about offering new products; it’s about creating a lifestyle experience that celebrates tradition, sustainability, and holistic well-being. ”

The Maruva x Sarita Handa collection is not just a blend of products but a celebration of shared values, emphasizing personal and environmental wellness. By merging African botanical heritage with Ayurvedic skincare, this collaboration sets a new standard in the luxury wellness market, showcasing the impact of integrating cultural traditions with sustainable practices.

Mercedes-Benz Research and Development India (MBRDI) has announced the expansion of its Sustainability Garage initiative, a platform aimed at fostering collaboration among various stakeholders to promote sustainability goals. This expansion, which underscores the company’s commitment to building a sustainability ecosystem, was unveiled at the Mercedes-Benz Sustainability Dialogue India 2024 in New Delhi. The event brought together industry leaders, government representatives, and experts from various sectors to discuss sustainability topics.

The Sustainability Garage, originally designed to enable research and innovation in climate, environment, and sustainable mobility, will now include two new Centres of Excellence located in Hyderabad and New Delhi. These centres will play a crucial role in advancing sustainability efforts in India’s retail and mobility sectors.

The first Centre of Excellence, the Climate Tech Incubator, will support 25 social enterprises focused on sustainable mobility and environmental innovation. MBRDI will provide seed funding, tailored support, and deep-tech mentorship to these enterprises. Additionally, T-Hub, India's prominent startup incubator, will engage over 500 students in a bootcamp aimed at developing innovative climate tech solutions that contribute to decarbonisation efforts.

The second Centre of Excellence, established in partnership with The Energy and Resources Institute (TERI), will focus on charging infrastructure. It will offer a specialized training program for the maintenance of charging infrastructure, certifying 60 young professionals this year to meet the growing demand in this sector.

Renata Jungo Brüngger, Member of the Board of Management of Mercedes-Benz Group AG for Integrity, Governance & Sustainability said, “Sustainability means creating permanent value for all stakeholder groups. As a global company, we aim to make a positive contribution to society that extends beyond our core business activities. The Sustainability Garage in India aligns with our global corporate citizenship strategy by promoting ecological sustainability and empowering communities. The Indian initiative supports local startups and the next generation of leaders.”

Manu Saale, Managing Director and CEO of Mercedes-Benz Research and Development India, highlighted the significance of the new initiatives, saying, “Mercedes-Benz Research and Development India is committed to leading the charge in sustainable mobility. The new Sustainability Garage projects will be instrumental in driving innovation from India to address some of the most pressing global challenges. We believe that India’s digital R&D talent and pioneering spirit will lead to transformative climate-positive solutions for the world.”

The first Sustainability Garage Centre of Excellence was inaugurated at the Prayoga Institute of Education Research in February 2024. Equipped with advanced facilities, this centre focuses on multidisciplinary research to develop sustainable materials with wide-ranging applications.

The Mercedes-Benz Sustainability Dialogue India 2024, hosted at New Delhi’s Bharat Mandapam, provided a platform for thought leaders and innovators to explore sustainability initiatives shaping the future of mobility. The event featured discussions on decarbonisation, circularity trends, traffic safety innovations, and digital trust. Key speakers included Amitabh Kant, India’s G20 Sherpa and former CEO of NITI Aayog, and other distinguished leaders from various sectors.

Since 2008, Mercedes-Benz has been engaging in Sustainability Dialogues to facilitate active discussions with diverse stakeholder groups. These dialogues, held regularly in Germany, India, China, and the USA, allow the company to gain valuable insights from external experts, furthering its journey toward a sustainable future.

• Mercedes Benz

India, currently ranked 40th in global alcoholic beverage exports, has significant untapped potential in the sector. With increasing global demand for Indian spirits, the Agricultural and Processed Food Export Development Authority (APEDA) is focusing on promoting Indian alcoholic and non-alcoholic beverages internationally. Under the ‘Make in India’ initiative, APEDA aims to boost the exports of Indian spirits, targeting $1 billion in export revenue in the coming years. This strategic move is part of broader efforts to enhance India’s retail footprint in the global market.

Diageo India, a leading player in the Indian alcoholic beverage industry, participated in the International Food and Drinks Event (IFE) in London in March 2024 under APEDA’s guidance. This participation marked a precursor to the UK launch of Godawan, an artisanal single malt whisky. At a recent event, the first batch of Godawan was officially dispatched to the United Kingdom. The ceremony was attended by key figures, including Shri Rajesh Agrawal, Additional Secretary, Ministry of Commerce and Industry, Government of India, Debra Crew, Chief Executive of Diageo Plc, Abhishek Dev, Chairman of APEDA, and Hina Nagarajan, MD and CEO of Diageo India.

Godawan, crafted under the Make in India initiative with an investment of over Rs 200 crore, is produced at Diageo India’s Alwar Distillery, which is the only Alliance for Water Stewardship (AWS) certified distillery in Asia. This single malt whisky represents Indian craftsmanship on the global stage while supporting sustainable agriculture in the Alwar region by sourcing six-row barley from local farmers.

In addition to its economic impact, Godawan contributes to environmental conservation, particularly through efforts to protect the Great Indian Bustard (GIB), an endangered species. Diageo India has restored water bodies across six villages to support GIB habitats and is actively involved in raising awareness among local communities. The company is working with the Rajasthan Forest Department to develop grasslands on 200 acres of land allocated for GIB conservation.

Diageo’s community initiatives extend beyond conservation, focusing on sustainable water management and agricultural productivity in Alwar. The construction of five check dams along the Ruparel River has restored approximately 45,000 cubic meters of water, improving irrigation and significantly increasing farmers’ incomes.

The recent export of Godawan to the UK aligns with India’s broader vision for global trade. The Government of India has set an ambitious target of $2 trillion in exports by 2030, with $1 trillion each from goods and services. This milestone highlights India’s commitment to becoming a leader in the global economy, with initiatives like ‘Make in India’ and Atmanirbhar Bharat playing a crucial role. Godawan’s success story exemplifies India’s potential to innovate and excel on the world stage.

Debra Crew, Chief Executive of Diageo Plc, remarked, “ Diageo is committed to supporting India’s long-term economic development, and the launch of Godawan in the UK represents a landmark moment for Indian craft spirits. With its distinctive quality and exceptional craftsmanship, we’re excited to introduce this award-winning Indian single malt to the UK market. We will continue to invest in innovation and manufacturing excellence in India as part of our long-term strategy. ”

Godawan Single Malt, winner of over 65 international awards, including the best single malt at the London Spirits Competition and Spirits Business World Whisky Masters 2024, sets a new standard for Indian spirits, showcasing the nation’s capability in producing high-quality beverages for the global market.

Raymond Lifestyle Ltd. (RLL), the lifestyle business segment recently separated from Raymond Ltd will make its debut on the National Stock Exchange and Bombay Stock Exchange on September 5th. As a standalone entity, RLL has outlined ambitious growth plans focused on expanding its retail presence across India and increasing its market share in the men’s wear wedding segment.

RLL aims to add 900 new outlets over the next three years, driving a 15 percent Compounded Annual Growth Rate (CAGR). By 2027, the company targets capturing around 7 percent of the rapidly expanding men’s wear wedding market in India. “ We are also launching new categories such as sleepwear and innerwear. Several other categories are also in the pipeline, ” said Sunil Kataria, CEO of Raymond Lifestyle.

Raymond Lifestyle plans to significantly increase its retail footprint by opening an additional 300 Ethnix stores over the next three years. “ We believe that we can achieve unparalleled growth in this wedding segment, significantly consolidating our position as the dominant market leader, ” Kataria added.

With nearly a century of legacy, Raymond currently holds a 5 percent share in the Indian menswear wedding market, estimated to be worth approximately Rs 75,000 crore. The company reported Rs 2,550 crore in sales from its wedding business in the 2024 financial year, which includes Raymond’s wedding and ceremonial attire, along with Ethnix, its Indian ethnic wear brand launched 18 months ago. The company is now focusing on growing its wedding fabric business to become one of the top three global fabric suppliers by the end of the year.

“ Raymond has been in the Lifestyle business for 99 years. We believe that the sum of parts valuation of this business will be exponential. You are going to see a company that makes fabrics, branded apparel, made-to-measure, sleepwear, ethnic wear, home products—all in one, ” said Gautam Singhania, Chairman and MD of Raymond Group.

RLL’s strategy centers on three main areas: strengthening its branded textile core, accelerating apparel and garmenting growth, and building new categories such as ethnic wear, innerwear, sleepwear, and international retail. The company plans to expand its distribution network across India by establishing over 650 Exclusive Brand Outlets (EBOs) in the next three years.

Amit Agarwal, CFO of Raymond Group stated, “ In the next three years, we anticipate Raymond Lifestyle doubling its EBITDA to over Rs 20 billion. We are also looking towards a 12-15 percent sales growth in the lifestyle sector. The aim for Raymond Lifestyle would be to capture around 7 percent market share in the dynamic Men’s-Wear wedding market by 2027. ”

Raymond Lifestyle’s brand portfolio includes well-known names such as ‘Park Avenue,’ ‘ColorPlus,’ ‘Parx,’ ‘Raymond Made to Measure,’ ‘Raymond Fine Fabrics,’ ‘Raymond Ready to Wear,’ and ‘Ethnix by Raymond.’ The company operates one of the largest retail networks in India, with over 1,500 stores across 600 cities and towns.

Godrej Interio, a prominent brand in India’s home and office furniture market and a part of Godrej and Boyce under the Godrej Enterprises Group, is making significant strides in expanding its retail presence within the Indian education sector. The company is launching a range of innovative and customized furniture solutions aimed at enhancing the learning environment across both private and government educational institutions.

With a strategic emphasis on ergonomic design, technology integration, and sustainability, Godrej Interio is targeting an 18 percent market share in the educational furniture sector by FY25. The company’s latest offerings are tailored to meet the dynamic demands of modern classrooms, providing flexible, durable, and functional furniture that supports various teaching methods, from traditional lectures to collaborative and digital learning environments.

Sameer Joshi, Senior VP (B2B) at Godrej Interio stated, “ Education holds the power to shape the world's future. At Godrej Interio, we believe that the learning environment plays a crucial role in shaping the educational experience. Our commitment to innovation and quality drives us to develop furniture solutions that create adaptable, inviting, smart, comfortable, and safe learning spaces. By integrating technology and ergonomic design into our products, we aim to support educators and students in creating dynamic, engaging, and productive learning spaces. These spaces can easily transform to accommodate various teaching methods and learning styles, ensuring that students feel welcomed and secure while using cutting-edge, comfortable furniture. "

Godrej Interio’s educational furniture offerings are designed to meet the evolving needs of modern classrooms. The company provides products in various sizes to ensure ergonomic comfort for students across different age groups. Studies show that 79 percent of students prefer the ability to rearrange furniture to suit individual needs and group discussions, while 94 percent of teachers with flexible classroom layouts believe they can teach more effectively.

In collaboration with several state governments, including Telangana, Andhra Pradesh, Orissa, and Jammu and Kashmir, Godrej Interio has played a key role in improving the quality of educational infrastructure. In the fiscal year 2023, the company delivered nearly 200,000 school furniture units through these partnerships.

Godrej Interio is also at the forefront of integrating technology into its educational furniture solutions, offering tech-enabled furniture that seamlessly blends physical and digital learning. These products feature customizable tech integration options, such as built-in microphones and wire management systems, to support modern educational needs.

• Godrej Interio

Raymond Lifestyle Ltd. (RLL), the lifestyle arm that was demerged from Raymond Ltd. in July, is set to debut on the National Stock Exchange and Bombay Stock Exchange on September 5. RLL has ambitious growth plans as an independent listed entity. These plans include opening 900 new outlets over the next three years and achieving a 15 percent compound annual Growth Rate (CAGR) to capture around 7 percent of the rapidly expanding men’s wedding wear market by 2027.

“ We are also launching new categories such as sleepwear and innerwear. Several other categories are also in the pipeline. We plan to nearly triple our physical presence with an additional 300 Ethnix stores in the next three years. We believe that we can achieve unparalleled growth in this wedding segment, significantly consolidating our position as the dominant market leader, ” shared Sunil Kataria, Chief Executive Officer, Raymond Lifestyle.

With a nearly century-long legacy, Raymond currently holds a leading 5 percent share in the Indian men’s wedding wear market, valued at approximately Rs.75,000 crore. The company is now focusing on expanding its wedding fabric business to rank among the top three global fabric suppliers by the end of the year. In the financial year 2024, Raymond reported sales of Rs. 2,550 crore from its wedding business, which includes Raymond’s wedding and ceremonial attire as well as Ethnix, its Indian ethnic wear line launched 18 months ago.

Gautam Singhania, Chairman and Managing Director, Raymond Group commented , “ Raymond has been in the Lifestyle business for 99 years. We believe that the sum of parts valuation of this business will be exponential. You are going to see a company that makes fabrics, branded, apparel, made-to-measure,  sleepwear, ethnic wear, home products various categories all in one .”

RLL is adopting a three-pronged strategy focused on strengthening its core branded textile segment, accelerating growth in apparel garments, and building new categories such as ethnic wear, innerwear, sleepwear, and international retail. RLL aims to enhance its distribution presence across the country by establishing over 650 Exclusive Brand Outlets (EBOs) within the next three years.

Discussing RLL’s growth outlook, Amit Agarwal, CFO of Raymond Group stated, “ In the next three years, we anticipate Raymond Lifestyle doubling its EBITDA to over Rs. 20 billion. We are also projecting a 12–15 percent sales growth in the lifestyle sector. The goal for Raymond Lifestyle is to capture around 7 percent market share in the dynamic men’s wedding wear market by 2027 .”

Raymond Lifestyle Limited’s brand portfolio includes ‘Park Avenue’, ‘ColorPlus’, ‘Parx’, ‘Raymond Made to Measure’, ‘Raymond Fine Fabrics’, ‘Raymond Ready to Wear’, and ‘Ethnix by Raymond’, among others. Raymond boasts one of the largest retail networks in India, with over 1,500 stores across 600 cities and towns.

Delhi-based convenience retailer The New Shop has forged a strategic partnership with HPCL-Mittal Energy Ltd. (HMEL), a prominent refining and petrochemical company, to establish 24/7 convenience stores at HMEL's upcoming fuel retail outlets. This collaboration was announced in a social media post by HMEL, highlighting the potential impact on customer experience and service standards.

" HMEL and The New Shop have signed a game-changing MoU to elevate customer convenience and satisfaction at HMEL’s upcoming fuel retail outlets ," HMEL revealed in a LinkedIn post, marking a significant milestone in the evolution of convenience retailing within fuel stations.

Under this partnership, The New Shop will bring its round-the-clock retail capabilities to HMEL's fuel stations, offering an extensive range of products along with a fast-food cafe. The initiative aims to enhance the customer experience by providing a one-stop solution for a variety of needs, from snacks and beverages to personal care and grocery staples. " Together, we are setting a new standard for convenience and customer service, paving the way for a brighter tomorrow, " HMEL's post further emphasized, underscoring the forward-thinking nature of this collaboration.

HMEL, headquartered in Noida, is a joint venture between Hindustan Petroleum Corporation Ltd. (HPCL) and Mittal Energy Investment Pte Ltd, Singapore, a company owned by the renowned industrialist Lakshmi N Mittal. The venture is deeply rooted in the energy sector, with operations that span crude oil refining and petrochemical manufacturing, playing a crucial role in India's energy landscape.

The New Shop, founded in March 2019, has rapidly grown into a key player in the convenience retail space. The franchise operates over 57 stores strategically located in high-density areas such as neighborhoods, airports, gas stations, railway stations, and educational institutions. With a strong omnichannel presence, The New Shop caters to a wide array of consumer needs, offering products ranging from snacks, beverages, and personal care items to home care products, pet care supplies, confectionery, tobacco, hygiene essentials, ready-to-eat foods, over-the-counter medications, and grocery staples.

This partnership with HMEL represents a significant step forward in The New Shop’s expansion strategy, positioning the brand to further penetrate the market by tapping into the extensive network of HMEL's fuel retail outlets. By integrating retail convenience into the fuel station experience, The New Shop and HMEL are poised to redefine the standards of customer service and convenience in the industry, creating a more seamless and satisfying experience for consumers across India.

Parle Agro has introduced SMOODH Lassi, a new product in its dairy range. This launch marks a significant development in the Indian dairy sector, aligning with Parle Agro's strategy to innovate and expand within the retail market. SMOODH Lassi builds on the success of the SMOODH flavored milk line, offering a product designed to push market boundaries with high-quality, affordable options. The launch is supported by an extensive multi-channel campaign featuring brand ambassador Varun Dhawan.

SMOODH Lassi offers a creamy, indulgent experience with 50 percent dahi content, providing a smooth and satisfying taste. The lassi combines the traditional flavor with a hint of rose, aiming to deliver a refreshing and comforting beverage suitable for various occasions. The product is packaged in aseptic PET containers, setting it apart in the retail market. Priced at Rs 20 for 180 ml, it offers a six-month shelf life without trans fats or preservatives. Its vibrant packaging is designed to appeal to consumers and stand out on shelves.

Nadia Chauhan, Joint Managing Director of Parle Agro commented, “ Lassi is a beverage deeply rooted in Indian culture with substantial market potential. SMOODH Lassi represents our innovative approach to this classic drink, offering a premium, richer product that blends tradition with modernity. Our campaign with Varun Dhawan aims to position SMOODH Lassi as a leading choice in the lassi market, reflecting our commitment to quality and consumer satisfaction. ”

Parle Agro's strategic move with SMOODH Lassi aims to address the substantial unorganized loose lassi market in India, valued at over INR 3000 crore. The company seeks to establish a national presence in the packaged lassi segment, leveraging its industry expertise to influence and lead the development of the lassi category in India.

Chauhan added, “ Our approach focuses on diversifying our product portfolio to meet evolving consumer preferences and set market trends. The launch of SMOODH Lassi in innovative packaging underscores our commitment to pioneering products that address contemporary consumer needs. ”

SMOODH Lassi will be available across India, with a comprehensive marketing campaign that includes TV commercials, digital platforms, out-of-home advertising, and social media initiatives. The campaign also includes integrations into popular TV shows to enhance visibility and engage a wide audience.

Orion Mall, in collaboration with Epic Quest Entertainment Pvt Ltd, has unveiled a 360 Degree Super Immersive Dome Theatre at its Brigade Gateway location. This new installation marks a significant addition to the retail and entertainment landscape in India, offering visitors a unique cinematic experience. The 8-meter dome, covering 1000 square feet in a 30x30-foot outdoor area and standing at 16.5 feet tall, is equipped with a state-of-the-art projection and sound system designed to deliver exceptional visual and auditory experiences. The theatre, which can accommodate up to 15 people per session, will feature a selection of films such as *Aladdin – The Bachelor Party*, *Moby Dick – Friends to the Rescue*, and *Aztec – Historical Survival*. Each screening will last approximately 10 minutes, and the theatre will operate from 11 AM to 9 PM.

Sunil Munshi, Senior VP Retail, Brigade Group said, " Orion Malls has consistently introduced innovative experiences for our patrons, and this new entertainment offering is expected to resonate well with our visitors. We believe that shopping should offer more than just transactions; it should provide families with opportunities to relax and create lasting memories. The Super Reality Dome Theatre is designed to appeal to all age groups, offering a range of content from fantasy and adventure to action and kids' cartoons. "

Rakesh Anjanappa, Director of Epic Quest Entertainment Pvt Ltd added, " We are excited to bring our 360 Degree Super Immersive Dome Theatre to Orion Mall. This unique attraction will enhance the entertainment options in Bengaluru and create an engaging environment that draws in visitors. We are confident that this innovative theatre will captivate mall patrons and set new expectations for entertainment. "

This initiative by Orion Mall reflects its ongoing commitment to providing diverse and engaging experiences for its customers, reinforcing its position as a leading retail destination in India.

Veira, a prominent ODM and OEM player in consumer electronics and smart TV manufacturing, has collaborated with Croma, India’s leading omni-channel electronics retailer from the Tata Group, to produce Tizen OS smart TVs. This partnership represents a significant development in the Indian television market, enhancing the existing range of Croma TVs. The introduction of Tizen OS marks a milestone in the collaboration between Croma and Samsung, offering a more diverse range of products to Indian consumers. These smart TVs will be available across over 520 Croma retail stores in 180 major cities, as well as online on Croma.com and Tata Neu.

The newly launched Tizen smart TVs by Croma come in sizes ranging from 43” to 55” Ultra HD, featuring Dolby Audio, a frameless design, access to hundreds of apps, and the Samsung TV Plus app. These TVs aim to provide a premium entertainment experience, offering over 100 live and on-demand channels in India without requiring a subscription or additional device. Users can access a variety of content, including news, sports, and entertainment, with personalized recommendations. The TVs also come with a built-in Bixby voice assistant for easy navigation and voice commands. Croma and Veira are also planning to expand their portfolio by developing Tizen TVs in both larger and smaller sizes, including HD/FHD and QLED options.

Mayank Sangani, Chief Business Officer – Own Brand at Croma said, " We are thrilled to introduce the Tizen OS TVs in our new range of Croma TVs, timed perfectly for the upcoming festive season. This launch meets the growing customer demand for certified OS and offers an unmatched viewing experience. Our latest series, designed by Veira, embodies the highest specifications and engineering excellence, ensuring superior quality and design. We are confident that this new range will be well-received by our customers, further enhancing our portfolio to provide more personalized options for our customers' entertainment experience. "

Sharan Maini, MD of Operations at Veira highlighted, " We have established ourselves in India for over 40 years as pioneers in bringing global standards to the Indian television market. Partnering with Croma, a prominent television brand, underscores our commitment to innovation. These TizenOS-powered TVs are poised to generate considerable excitement in the market, and we look forward to further expanding our association with Croma and advancing the Tizen OS experience in India. "

Veira, a trusted manufacturer for over 20 Indian and international brands, continues to deliver a "Made in India, made for India" television experience. The new Croma TizenOS TVs, produced by Veira, are specially designed to offer a seamless and immersive experience, with direct R&D input from Samsung’s engineering team.

Global investor Siddhartha Yog significantly increased his stake in Tata Group's retail giant, Trent Ltd, by acquiring over 10 lakh shares in a transaction worth Rs. 718 crore. The acquisition was conducted through an open market transaction, highlighting Yog's continued interest and confidence in the company’s future prospects.

Siddhartha Yog is the founding partner of Xander Group Inc., an investment firm with a strong focus on emerging markets. Xander Group currently manages assets exceeding $3 billion, making it a formidable player in the global investment landscape. Yog’s decision to invest heavily in Trent Ltd aligns with his strategy of backing companies with robust growth potential in the retail sector.

According to block deal data available on the National Stock Exchange (NSE), Yog purchased 10,09,200 shares, which amounts to a 0.3 percent stake in Trent Ltd. These shares were bought at an average price of Rs. 7,115 per share, resulting in a total transaction value of Rs. 718.04 crore.

The data also reveals that Dodona Holdings was the seller in this transaction, offloading the same number of shares at Rs. 7,115 per share. The sale by Dodona Holdings and the subsequent acquisition by Yog has drawn attention in the market, given the substantial amount involved and the impact on Trent’s shareholding structure.

Following the transaction, the shares of Trent Ltd experienced a minor dip, closing at Rs. 7,151.95 per share on the NSE, a slight decline of 0.09 percent. This small drop in share price came in the wake of the large-scale transaction but did not significantly impact the overall valuation of the company.

This latest acquisition by Siddhartha Yog is part of a broader trend of increasing his holdings in Trent Ltd . Just last month, Yog acquired a total of 9.48 lakh shares, or a 0.27 percent stake, in the fashion and lifestyle segment of Trent. These shares were also purchased from Dodona Holdings Ltd through a series of block deals, with the acquisition price ranging between Rs. 5,220 and Rs. 6,925 per share. The combined value of these earlier transactions was Rs. 649 crore.

Yog’s continued investments in Trent Ltd underscore his confidence in the company’s strategic direction and growth potential. Trent Ltd, known for its strong presence in the fashion and lifestyle sectors, has been a key player in the Indian retail market, and Yog’s increasing stake reflects his belief in the company’s long-term value creation.

Beyond his role at Xander Group, Siddhartha Yog is also the founder and chairman of Virtuous Retail, an institutional owner and operator of community-focused shopping centers across India’s gateway cities. Virtuous Retail’s focus on creating vibrant community spaces aligns with Yog’s broader investment philosophy of backing ventures that not only promise financial returns but also contribute positively to the communities they serve.

This recent acquisition by Yog further cements his position as a significant investor in India’s retail landscape, particularly within the Tata Group’s retail arm, Trent Ltd. As the company continues to expand and strengthen its market position, Yog’s involvement is expected to play a pivotal role in shaping its future trajectory.

Tata Group’s value retail fast fashion brand, Zudio, has expanded its footprint internationally by opening its first store in the United Arab Emirates (UAE). This move is part of Zudio’s ambitious strategy to take its unique blend of affordability and style to global markets.

The 11,000 sq ft store, located in Dubai’s Silicon Central Mall—a key shopping destination owned by Lulu Group—was inaugurated by Noel Tata, Managing Director of Tata International and Vice Chairman of Trent. The event was attended by other officials from Tata Trent, including Chief Executive Officer P Venkatesaulu.

“𝐖𝐞 𝐚𝐫𝐞 𝐭𝐡𝐫𝐢𝐥𝐥𝐞𝐝 𝐭𝐨 𝐚𝐧𝐧𝐨𝐮𝐧𝐜𝐞 𝐭𝐡𝐞 𝐠𝐫𝐚𝐧𝐝 𝐨𝐩𝐞𝐧𝐢𝐧𝐠 𝐨𝐟 𝐙𝐮𝐝𝐢𝐨’𝐬 𝐟𝐢𝐫𝐬𝐭 𝐬𝐭𝐨𝐫𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐀𝐄 𝐚𝐭 𝐒𝐢𝐥𝐢𝐜𝐨𝐧 𝐂𝐞𝐧𝐭𝐫𝐚𝐥 𝐌𝐚𝐥𝐥. This milestone marks the beginning of an exciting journey, bringing Zudio’s blend of style and affordability to fashion enthusiasts in the UAE. This iconic brand, known for its trendsetting designs and unbeatable prices, is now ready to redefine fashion retail in the region. Zudio is more than just a brand; it’s a movement that embraces diversity and inclusivity, offering fashion for everyone. With a wide range of products that cater to various styles and preferences, Zudio is set to become a go-to destination for affordable fashion in the UAE. Let’s keep the fashion vibes alive and continue to create stylish, affordable moments for all, ” said Navaneeth Sudhakaran, General Manager of Real Estate & Property Division – Dubai & Northern Emirates at LuLu Group International.

Zudio, a brand under Trent Ltd., the retail arm of Tata Group, has rapidly risen in India’s fashion industry. Since its inception in September 2016 with its first store on Commercial Street, Bengaluru, Zudio has expanded to 506 stores across India, as per its official website. The brand is eyeing further growth, with IndiaRetailing reporting plans to open up to 200 more stores in the fiscal year 2024-25.

Zudio offers a wide range of fashion, beauty, and lifestyle products for men, women, and children, with most items priced below Rs 1,000.

In addition to Zudio, Tata Trent operates other popular apparel brands such as Westside, Utsa, and Samoh, along with Misbu, a brand specializing in beauty, accessories, and decor. The company also manages the Star chain of hypermarkets and supermarkets and has two joint ventures with Spain’s Inditex SA, bringing the iconic Zara and Massimo Dutti labels to the Indian market.

• Store launch

Verlinvest, a global investment firm, has spearheaded a $35 million investment in Blue Tokai, one of India's leading specialty coffee and bakery brands. This strategic move aims to bolster Blue Tokai’s retail presence in major metro markets and facilitate its expansion into new Tier I and Tier II cities across India over the next three years. The Series C funding round also included participation from existing investors, Anicut Capital and A91 Partners.

Founded in 2013, Blue Tokai has been at the forefront of India's specialty coffee movement. Under the leadership of co-founders Matt Chitharanjan, Namrata Asthana, and Shivam Shahi, the brand has more than doubled its store count in the past year, now operating 130 outlets. The recent funding will be directed towards increasing the number of locations to over 350 within the next 30-36 months, driving innovation in coffee products, and expanding through various retail channels.

Arjun Anand, MD and Head of Asia at Verlinvest said, " We are thrilled to partner with Blue Tokai in their mission to bring specialty coffee to millions across India. Matt, Namrata, and Shivam have brilliantly crafted a cult brand known for its exceptional products and customer experience. Together, we are committed to elevating Blue Tokai to new heights, creating India’s leading coffee chain and delighting consumers with unparalleled quality and service. "

Matt Chitharanjan, Co-Founder and CEO of Blue Tokai added, " With this latest funding, we have the opportunity to bring our passion for coffee to even more people. We will utilize these funds to accelerate our expansion across all channels – from our own cafes to B2B and B2C platforms. By introducing innovative coffee product offerings through new producers, we will enable ourselves to reach new consumers with varied offerings and continue delivering consistent coffee experiences. Our focus remains on providing exceptional coffee experiences while fostering sustainable growth. "

Verlinvest, known for scaling consumer brands in India such as Lahori, Epigamia, Heads Up For Tails, and Wakefit, reinforces its commitment to the Indian retail market with this investment. The partnership with Blue Tokai aligns with Verlinvest’s strategy of supporting high-quality food and beverage brands globally, reflecting its focus on strong growth opportunities within India's consumer ecosystem.

• Coffee brand
• Expansion Plans

Omaxe Group has launched ‘The Omaxe State,’ an ambitious project set to become the country’s first integrated 5-in-1 destination for sports, retail, hospitality, food, and culture. Covering over 50.4 acres in Dwarka Sector 19-B, New Delhi, the development is being executed in partnership with the Delhi Development Authority (DDA) under a Public-Private Partnership (PPP) model, with an investment exceeding Rs 2500 crore.

The Omaxe State will feature a modern ICC and FIFA-standard International Cricket-cum-Football Stadium with a seating capacity of over 30,000, alongside an International Multi-Sports Indoor Stadium for 2,000 spectators. This project aims to fill a gap in Delhi's infrastructure by introducing world-class sporting events and facilities, paralleling global landmarks like Queen Elizabeth Olympic Park and Singapore Sports Hub.

The development is divided into five distinct districts: The Sports District, The Shopping District, The Hospitality District, The Food District, and The Social District. Among its highlights, the Food District will be India's largest F&B space, inspired by London’s Covent Garden and Carnaby Street, covering over 500,000 square feet. It will include over 40 fine dining restaurants, clubs, sports bars, drive-throughs, a food court, rooftop dining options, and more.

The retail component of The Omaxe State will feature India’s first air-conditioned high-street retail area, extending over 4.2 km, making it the largest private commercial development in Delhi. The ground floor will accommodate 75 percent of the retail space, with additional facilities on the first floor, including a food court and a five-screen multiplex.

Additional amenities will include an exclusive invite-only sports and leisure club, a 75,000 sq. ft. eSports arena, a 148-key hotel, a large banquet space, multi-level parking, an event arena, an Olympic-sized swimming pool, and facilities for various sports.

Mohit Goel, MD of Omaxe Group said, “ Omaxe is humbled by the opportunity to partner with DDA on this transformative project. With ‘The Omaxe State,’ we aim to provide Delhiites with an international-level experience right here in their own city. This development will bridge a significant gap in Delhi’s infrastructure by offering a world-class venue for sports, shopping, and entertainment. ”

Scheduled for completion by 2027, The Omaxe State is expected to generate over Rs 4,200 crore in revenue over its lifecycle. Strategically located near key attractions such as Yashobhoomi, IGI Airport, Bharat Vandana Park, and the diplomatic enclave, the project is poised to attract substantial visitor traffic. The forthcoming Metrolite Light Rail System will further improve accessibility, setting a new standard in urban development for Delhi.

MARS Cosmetics, a prominent name in the beauty industry, has announced a strategic partnership with Shoppers Stop, one of India’s leading retail chains. This collaboration aims to make MARS' high-quality beauty products more accessible to customers throughout India. In the coming days, MARS products will be available in seven Shoppers Stop locations across key cities, including Ahmedabad, Pune, Bangalore, Kolkata, Vijayawada, Noida, and others.

This partnership highlights MARS’ focus on enhancing customer access and convenience within the retail sector in India. The company has plans to expand its presence to 40 Shoppers Stop stores nationwide by the end of this fiscal year, offering a wide range of beauty products to customers across the country.

Rishabh Sethia, Director and Business Administrator of MARS Cosmetics stated, " We are excited to collaborate with Shoppers Stop, a brand that shares our commitment to quality and customer satisfaction. This partnership aligns with our mission to make MARS Cosmetics accessible to beauty enthusiasts across India. With our products now available at Shoppers Stop, we're confident that our customers will enjoy a seamless shopping experience, and we look forward to expanding our presence even further in the coming months. "

MARS Cosmetics is recognized for its 100 percent vegetarian and cruelty-free beauty products, designed to meet the needs of modern consumers. The collaboration with Shoppers Stop is set to strengthen MARS' retail footprint, making it easier for customers to access their favorite beauty products across India.

• Shoppers Stop

Emami Limited has entered into a binding agreement to acquire the remaining 49.60 percent stake in Helios Lifestyle Pvt Ltd, the company behind the premium men’s grooming brand, The Man Company. With this acquisition, Emami will gain 100 percent ownership of Helios, a subsidiary since Emami acquired a 50.40 percent stake in the company.

The Man Company is a digital-first lifestyle brand that offers a wide range of men’s grooming products, including fragrances, skincare, haircare, body care, and beard management. These products are available both online and offline, across various marketplaces, including the brand’s website, app, Exclusive Brand Outlets (EBOs), and modern trade chains. The brand is recognized for its product portfolio inspired by nature, made with natural ingredients, and free of harmful chemicals.

This acquisition is expected to enhance Emami’s presence in India’s rapidly growing retail market for premium male grooming products, where Indian men are increasingly investing in their appearance to stand out in a competitive environment. The male grooming segment offers significant potential for innovation and growth, a space where Emami has already established a presence with its Fair and Handsome brand.

Harsha V Agarwal, Vice Chairman and MD of Emami Ltd stated, " We had adopted the route of strategic investments in new-age startups very early to leverage online opportunities brought about by rapid digitalization to incubate new engines of growth. These strategic investments help us to have footprints in emerging segments that align with evolving consumer preferences. The Man Company brand was our first strategic investment in 2017, which has been extremely fruitful, with the company becoming our subsidiary in 2022. We are happy to have not only invested in The Man Company as we could foresee its huge potential, but equally impressed and happy with the promoter’s vision and commitment towards making it a formidable brand. With the completion of 100% acquisition of the Company, we are excited to take the brand to its next level of growth. ”

Agarwal also indicated that Emami would continue to explore similar strategic investment opportunities that align with its existing business lines.

Hitesh Dhingra, Co-Founder of Helios Lifestyle said, " As we embarked on our journey, we noticed a shift in men's grooming needs, with more men recognizing the importance of looking and feeling their best. Seeing this untapped potential, we took the opportunity and started the brand and partnered with Emami as a strategic investor in 2017. Within a short span of time, The Man Company has become a key player in the men’s grooming segment in India. As we took the brand to a new level over the last few years, we now expect it to continue its growth trajectory with Emami, who can accelerate the same further and make The Man Company one of the leading brands in the segment. ”

Bhisham Bhateja, Co-Founder of Helios Lifestyle added, " We enjoyed our journey with Emami, who came on board as a strategic partner and guided us, and together, we took the brand to a new level. We believe the brand has great potential and would love to see The Man Company as a global brand under Emami. "

The acquisition positions Emami to further capitalize on the growing demand for male grooming products in India’s retail sector, potentially making The Man Company a leading brand in the market.

• Acquisition
• The Man Company

Marks & Spencer (M&S) has announced the appointment of Stephen Smy as the new Managing Director for its Indian operations, succeeding Ritesh Mishra, who left the company in April. Smy, a veteran of M&S with approximately 26 years of experience in various roles, officially began his tenure in the India role in May, as indicated on his LinkedIn profile. He steps into the position at a crucial time for the retailer, following Mishra's departure to join Landmark Group as Deputy Chief Executive of the India department store business, Lifestyle.

Smy's appointment marks a continuation of M&S’s tradition of having expatriate leadership in India. He follows in the footsteps of Mark Ashman and James Munson, who previously headed Marks and Spencer Reliance India Pvt Ltd., the joint venture between the UK retailer and Reliance Retail. Smy brings a wealth of experience to his new role, having most recently been responsible for store launches and trading projects at M&S. Prior to this, he served as the Country Manager for M&S in the Czech Republic for about four years until 2022, a role that provided him with extensive international retail experience.

His arrival comes at a challenging juncture for the Indian retail market, particularly in the fashion and lifestyle sectors, which are currently grappling with a significant slowdown in business amid a period of tepid consumer sentiment. Smy takes over from Mishra, who left after a long and impactful 13-year tenure with M&S. During Mishra’s leadership, Marks and Spencer expanded its footprint in India, navigating a competitive retail landscape.

Marks and Spencer Reliance India operates more than 100 department stores across the country. Despite this extensive network, the company faces intense competition from other global fashion retailers such as Zara, H&M, and Uniqlo. Smy's new role will involve steering M&S through this competitive environment, aiming to strengthen the brand’s position in the Indian market and drive growth amidst evolving consumer trends.

• Marks & Spencer

Godrej Consumer Products Ltd (GCPL) has introduced an innovation in India's retail bodywash segment, valued at approximately Rs 900 crore. The company has launched the Cinthol Foam Bodywash under its Cinthol brand, featuring a foam-based formula that eliminates the need for a loofah. This new product is designed to be easily rinsed off, addressing a common concern with traditional body washes that require more water.

According to Mintel research, 90 percent of Indian consumers still prefer soap for their daily bathing routine, while only 9 percent use body washes, shower gels, or shower creams. Factors such as price, the added cost of loofahs, and the time required for bathing have hindered the adoption of body wash products in India. Additionally, loofahs can harbor germs, further deterring consumers.

GCPL’s latest product, the Cinthol Foam Bodywash, is developed to address these concerns, making luxurious bathing more accessible for everyday use. The product dispenses instant foam, creating a rich lather that effectively cleanses the skin.

Neeraj Senguttuvan, Head of Marketing (Personal Care) at Godrej Consumer Products Ltd said, “ The Indian bodywash market is growing as consumers seek to enhance their daily routines with a more sensory and luxurious shower experience. Our latest innovation, Cinthol Foam Bodywash, was developed to meet this demand, making luxurious bathing an everyday indulgence. This innovative formula dispenses instant foam, creating a rich lather that effectively cleanses and leaves the skin feeling exceptionally clean and pampered. "

The Cinthol Foam Bodywash is available in two fragrances, Original and Lime, offering a refreshing shower experience. Its foam-based formula eliminates the need for a loofah and provides a thorough cleanse, leaving the skin soft and smooth. The product also offers a long-lasting deo fragrance, making it suitable for all skin types and age groups, and ideal for both men and women.

To promote the new product, GCPL has launched a television campaign conceptualized by Lightbox, the in-house creative studio of Godrej Consumer Products Ltd. The advertisement features a playful scene where a girl and a group of monkeys enjoy the Cinthol Foam Bodywash together under a waterfall, highlighting the convenience and fun of using the product without a loofah.

Gaurav Kumar, Lead Creative Strategist at Lightbox added, “ The TVC showcases a fun video of a girl and monkeys enjoying the foam body wash together, highlighting how easily it rinses off. It emphasizes the 'soap in a bottle' format, which makes it convenient to use anywhere without the need for a loofah. This campaign reflects our commitment to engaging storytelling that connects with our audience in a fun and relatable way. ”

Cinthol Foam Bodywash is priced at an MRP of Rs 120 for a 200ml bottle, offering an affordable option for consumers looking to upgrade from traditional soap. With its invigorating fragrances and easy-to-use format, the Cinthol Foam Bodywash provides a refreshing and confident start to the day, aligning with the growing demand for body wash products in India’s retail market.

Gillette India Ltd. has announced a substantial 26.4 percent increase in profit after tax (PAT) for the June quarter, reaching Rs 115.97 crore. This represents a significant improvement from the Rs 91.75 crore reported during the same period last year. The company, which follows a financial year running from July to June, disclosed these figures in a recent filing with the Bombay Stock Exchange (BSE).

In addition to the PAT growth, Gillette India’s revenue from operations rose by 4.17 percent, reaching Rs 645.33 crore for the quarter, up from Rs 619.44 crore in the previous year. This uptick in sales was driven by a combination of a strong product portfolio, solid brand fundamentals, and effective retail execution strategies. The company attributed its enhanced PAT to robust sales growth during the quarter, reflecting its successful market strategies and consumer demand.

The company reported a decrease in total expenses, which fell by 1.17 percent to Rs 494.68 crore in the June quarter. This reduction in expenses contributed positively to the overall profitability. Within its revenue segments, Gillette India saw a 7 percent increase in the grooming segment, which brought in Rs 519.68 crore. Conversely, the oral care segment experienced a decline of 6.28 percent, generating Rs 125.65 crore for the April-June period.

Overall, Gillette India’s total income, which includes other income sources, increased by 4.11 percent to Rs 649.91 crore. For the financial year ending June 30, 2024, the company reported a notable 15.75 percent rise in PAT, amounting to Rs 411.70 crore. Revenue from operations for the financial year also grew by 6.3 percent, reaching Rs 2,633.085 crore, reflecting the company's strong performance across its product lines.

In addition to these financial highlights, Gillette India’s board of directors has recommended a final dividend of Rs 45 per equity share for the fiscal year ending June 2024. This proposed dividend is subject to approval by the shareholders at the upcoming annual general meeting (AGM).

On Tuesday, Gillette India Ltd.’s shares were trading at Rs 8,993.90 on the BSE, showing a modest increase of 0.24 percent from the previous close. This positive movement in the stock price aligns with the company’s strong financial performance and investor confidence.

• Health & Wellness
• profit after tax
• Annual Profit

Celio, the French menswear brand, has appointed Rejoy Rajan as its new Head of Marketing & PR for India, a strategic move to strengthen its retail presence in the country. Rajan, a seasoned marketing professional, brings over 16 years of experience in brand management, marketing strategy, customer experience, and digital marketing within the retail industry.

Rajan has a proven record of driving innovation and growth in the brands he has managed. His career includes key marketing roles at reputable companies such as JKHC, Diageo, JWT, and Arvind Fashions. His experience spans both digital and traditional marketing ecosystems, equipping him with the skills necessary to enhance Celio India's consumer engagement.

In his new role at Celio India, Rajan will lead the men's fashion label's Marketing Department, overseeing key areas such as marketing and public relations across various platforms. 

" We are thrilled to welcome Rejoy to our leadership team to spearhead our brand strategy and integrated marketing efforts. As we continue our rapid growth and aim to enhance our consumer presence in India, Rejoy's extensive experience and proven track record across the industry make him the ideal leader to elevate our brand narrative and drive greater visibility and impact, " said Satyen Momaya, CEO of Celio India.

Rejoy Rajan stated, " It is an absolute honor to be associated with an iconic French brand like Celio. The brand has a strong presence in the country, and I am keen to further strengthen its footprint and engage with the Gen Z and Millennials while increasing market share. I eagerly look forward to learning and growing with the brand and building a community of consumers who resonate with the brand’s ethos. " 

With this appointment, Celio India aims to further solidify its position in the Indian retail market, leveraging Rajan's expertise to enhance its marketing and PR strategies.

The family trust of Balkrishan Goenka, the promoter of Welspun Living, divested a 3.9 percent stake in the company, raising Rs 781 crore through an open market transaction. This move comes as part of the ongoing financial strategies of the Welspun Group, which has been actively managing its portfolio to align with market conditions and investor expectations.

Balkrishan Goenka, who serves as the trustee of the Welspun Group Master Trust, orchestrated the sale of 3,80,81,706 shares, amounting to a 3.92 percent stake in Welspun Living. The shares were sold at an average price of Rs 205.21 per share, resulting in a transaction value of Rs 781.47 crore, according to block deal data from the National Stock Exchange (NSE).

At the close of the June quarter, the promoter and promoter group entities held a commanding 70.50 percent stake in Welspun Living, highlighting the substantial influence the Goenka family and associated entities have over the company . This recent divestment slightly reduces their shareholding but remains significant in the broader context of the company’s ownership structure.

The shares attracted significant interest from institutional investors, with key buyers including Aditya Birla Sun Life Mutual Fund, SBI Life Insurance, Authum Investment & Infrastructure, Copthall Mauritius Investment, Ghisallo Master Fund LP, Indus India Fund Mauritius, and Norway’s Government Pension Fund Global. The involvement of such prominent investors underscores the confidence in Welspun Living’s long-term prospects despite the immediate dip in share prices.

Welspun Living, a core entity of the diversified Welspun Group, has built a strong reputation in the home textile industry. The company specializes in manufacturing and marketing a wide range of products, including bed linens, towels, and rugs, which are sold both domestically and internationally. Over the years, Welspun Living has established itself as a leader in the sector, known for its commitment to quality and innovation.

Despite the strategic sale, the company’s stock saw a decline in the market, with shares dropping by 5.05 percent to close at Rs 196.80 on the NSE. This drop reflects the market's immediate reaction to the substantial offloading of shares but may also present an opportunity for investors looking to capitalize on the company’s long-term potential.

Overall, this transaction is a significant event for Welspun Living, as it marks a key shift in the ownership dynamics while also signaling continued confidence from major institutional investors in the company’s future growth.

• Home decor services
• Welspun group

Converse has introduced its latest sneaker silhouette, the Run Star Trainer, to the Indian market. Designed for modern women who navigate life with confidence, this new sneaker merges the brand's historical legacy with contemporary versatility, making it a notable addition to the retail landscape in India.

The Run Star Trainer represents an evolution in Converse's product line, maintaining its roots in the brand's authentic sports heritage while reimagining classic styles for today's needs. Drawing inspiration from over 20 heritage designs—originally crafted for sports like karate, fencing, soccer, track, and pole steeple—this new silhouette pays homage to Converse's rich history while addressing the demands of contemporary life.

Designed to accommodate the multifaceted lifestyles of today's consumers, the Run Star Trainer offers comfort and style that transition effortlessly from day to night. It features a blend of retro and modern aesthetics, highlighted by sleek lines and bold outsoles. The outsole tread pattern is inspired by the iconic Chuck Taylor All Star, extended through the heel and marked with the Star logo from the Run Star Hike, which was first introduced in 2019. The combination of nylon, suede, and leather adds depth to the design, while five bold colorways—Black, Egret, Blue, Red, and Golden Wren—provide a wide range of style options.

Converse's Run Star Trainer is set to make a significant impact in India's retail market, offering consumers a blend of nostalgia and forward-thinking design that meets the demands of modern life.

Value fashion retailer Baazar Style Retail Ltd. has announced that it has raised Rs 250 crore from anchor investors, just ahead of its initial public offering (IPO) scheduled to open for public subscription.

Prominent investors such as Ashoka India Equity Investment Trust Plc, Volrado Venture Partners Fund IV Gamma, HSBC Global Investment Funds, Allianz Global Investors Fund, Al Mehwar Commercial Investments LLC, HDFC Mutual Fund, HSBC Mutual Fund, Bandhan Mutual Fund, and Bajaj Allianz Life Insurance Company participated in the anchor round, according to a document filed with the BSE.

The company allocated 64.29 lakh equity shares to 28 funds at a price of Rs 389 each, amounting to a total transaction value of Rs 250.1 crore.

The Rs 835-crore IPO is set to open on August 30 and will close on September 3, with a price band of Rs 370-389 per share. The IPO includes a fresh issue of equity shares worth Rs 148 crore and an offer for sale (OFS) of up to 1.76 crore shares, valued at Rs 687 crore at the upper end of the price range. Promoter group entities and other shareholders, including Rekha Jhunjhunwala, Intensive Softshare Pvt Ltd, and Intensive Finance Pvt Ltd, will be selling part of their stakes through the OFS.

Proceeds from the fresh issue, amounting to Rs 146 crore, will be utilized for debt repayment, with the remaining funds earmarked for general corporate purposes. Earlier this month, the Kolkata-based retailer raised Rs 37 crore in a pre-IPO placement round from Volrado Ventures Partners Fund II, leading to a reduction in the fresh issue size.

Baazar Style Retail, a key player in the value retail market in West Bengal and Odisha, also has a strong presence in Assam, Bihar, Jharkhand, Andhra Pradesh, Tripura, Uttar Pradesh, and Chhattisgarh.

Investors can bid for a minimum of 38 shares per lot, with additional shares available in multiples of 38.

For the financial year 2024, Baazar Style Retail reported consolidated revenue from operations of Rs 972.88 crore and a profit after tax of Rs 21.94 crore. Axis Capital, Intensive Fiscal Services, and JM Financial are the lead managers for the IPO.

• fashion retailer

Continuing its mission of "Making in India, for the World," Ultraviolette (UV) has proudly announced the launch of its latest UV Space Station Experience Center in Ahmedabad. This marks the third city in Ultraviolette's planned expansion across India, following its recent opening in Pune. The new Ahmedabad center highlights the brand’s commitment to fostering a culture of passionate motorcycle enthusiasts throughout the country.

Ultraviolette, already established in Bengaluru, has been at the forefront of revolutionizing the electric motorcycle industry through innovative design and technology. The inauguration of the UV Space Station in Ahmedabad further advances this vision, bringing the high-performance F77 MACH 2 electric motorcycle to a broader audience. This strategic expansion into key Indian markets underscores Ultraviolette's leadership in realizing Prime Minister Narendra Modi’s vision of "Design in India, Design for the World."

Located in Makarba, Ahmedabad, the new facility is the largest electric motorcycle showroom in the city and the first of its kind in Gujarat. Ultraviolette’s ambition is clear—establishing its presence in 10 Indian cities by Diwali 2024, with the Ahmedabad center being the second to open in under a month. The brand envisions launching 50 futuristic experience centers worldwide.

Spanning 3,000 square feet, the UV Space Station in Ahmedabad is a comprehensive 3S facility, encompassing sales, service, and spares, and offering an immersive brand experience. The center is equipped with advanced digital diagnostic tools and on-call technical assistance directly from Ultraviolette's HQ in Bengaluru.

The inauguration event was graced by Mr. Praveen Nahar, Director of the National Institute of Design (NID), Ahmedabad, who served as the Chief Guest. His presence underscored the vital role of design in advancing India’s technological landscape.

Narayan Subramaniam, CEO & Co-Founder, Ultraviolette said, “ Our F77 and F77 MACH 2 models are not only imagined, designed, and made in India but are also crafted to the highest standards. This initiative perfectly aligns with PM Modi’s vision of ‘Design in India, Design for the World’ and our commitment to combining local innovation with global impact. We are excited to extend our presence to Ahmedabad with this new UV Space Station.”

Ahmedabad, known for its rapidly growing customer base and openness to new technologies, is a strategic location for Ultraviolette. The city’s progressive mindset makes it an ideal environment for introducing groundbreaking products like the F77 MACH 2. The new center offers a premium experience with facilities including a showroom, service center, workshop, charging infrastructure, and a customer lounge. Visitors can expect interactive technology zones, seamless vehicle configuration, tech-enabled merchandise, an accessory zone, test ride experiences, and comprehensive service support.

Niraj Rajmohan, CTO & Co-Founder, Ultraviolette commented , “ The launch of the UV Space Station in Ahmedabad reflects our dedication to delivering excellence and unparalleled service. Ahmedabad’s rapid acceptance of innovative solutions highlights its readiness to lead in adopting advanced technologies like electric vehicles. Our Ahmedabad team has been extensively trained to uphold the high standards set by our Bengaluru HQ.”

Praveen Nahar, Director of the National Institute of Design (NID), Ahmedabad highlighted, " Ultraviolette exemplifies how design-led brands can elevate technology and set new benchmarks for global innovation. Their unwavering commitment to integrating cutting-edge design with advanced technology is not only reshaping the future of mobility but also positioning Indian brands as leaders on the world stage. This achievement underscores the immense potential of design-driven thinking in driving technological progress and establishing India as a global innovation hub. It is a proud moment for NID that Narayan Subramanian Ultraviolette's co-founder is an NIDan, showcasing the strength and influence of our alumni in the industry."

Located at Earth Arise, Shop 2, Ground floor, SG Highway Service Road, Makarba, Ahmedabad, Gujarat - 380015, the newly inaugurated UV Space Station is now open for purchases and test rides of the F77 MACH 2. This groundbreaking motorcycle has set new standards in the electric vehicle industry, emerging as the Most Awarded Electric Motorcycle of the 2024 Season, earning accolades for its cutting-edge technology, exceptional design, and unparalleled performance.

• Automobile Industry

Montblanc, the global leader in luxury business lifestyle, has launched its newest boutique in India at Bengaluru’s Kempegowda International Airport, in collaboration with its longstanding partner, AMRPL. This new boutique is the first in the country to showcase Maison’s latest Neo3 retail design, offering an immersive experience across Montblanc’s range of products, including watches, writing instruments, accessories, technology, and leather goods.

The Neo3 design is an evolution of the earlier Neo concepts by French designer and interior architect Noé Duchaufour-Lawrance. It introduces new materials like travertine and handmade concrete wall finishes, complementing the existing wooden floors and black lacquer to enhance Montblanc’s commitment to craftsmanship. This constantly evolving concept is designed to keep pace with the rapidly changing retail landscape while staying true to Montblanc’s brand identity.

One of the highlights of the new design is the striking silhouette of the iconic Mont Blanc mountain on the boutique’s façade, echoing the inspiration found in the Maison’s historic Montblanc Haus in Hamburg, which opened in 2022.

Upon entering the boutique, customers are greeted by a shelving system showcasing Montblanc’s newly reformed leather collection, designed by Artistic Director Marco Tomasetta. This collection, which combines function and style, has already gained global acclaim. The boutique also features Montblanc’s iconic collections and travel accessories, designed to meet the needs of urban explorers with their sleek, modern designs and refined functionality.

Watch enthusiasts will find a selection of high-complication timepieces, including pieces from the Montblanc 1858, Star Legacy, and Heritage collections. The boutique’s writing instrument area displays Montblanc’s renowned Meisterstück and StarWalker collections, as well as limited editions like Great Characters, Writers Edition, and the Masters of Art series.

Gaurav Singh, CEO, AMRPL stated , “ We are thrilled to announce the opening of Montblanc’s exclusive outlet at Bangalore’s Kempegowda International Airport Terminal 2. This strategic partnership between Montblanc and AMRPL goes beyond Adani Airports, marking our commitment to expanding luxury retail across India. We invite travelers to explore Montblanc’s iconic writing instruments, leather goods, timepieces, fragrances, and accessories. Whether you’re a seasoned collector or a first-time admirer, this outlet promises elegance, craftsmanship, and inspiration. At AMRPL, we believe in curating exceptional experiences for passengers. The choice to launch Montblanc at Bangalore Airport reflects our dedication to offering world-class luxury, setting a new standard for travel retail. ”

He further added, “ As we unveil this elegant space, we envision a journey that extends beyond Bangalore. Our collaboration with Montblanc is just the beginning. We look forward to introducing the brand to other airports in the near future, ensuring that travelers across the country can experience the epitome of sophistication.“

The new Montblanc boutique is located at Domestic Departures, Kempegowda International Airport, Terminal 2, KIAL Road, Devanahalli, Bengaluru.

Puma, the global sportswear brand, has announced the promotion of Indrajeet Sen to the position of Senior Vice President – Sourcing. Sen will assume this global role on October 1, taking over the operational responsibilities of the Chief Sourcing Officer role, according to an internal email from the German company.

Currently serving as Vice President of Sourcing and Development – Footwear at Puma, Sen’s elevation to this role follows the decision of Anne-Laure Descours, the current Chief Sourcing Officer, not to extend her contract. Descours will step down from the management board at the end of 2024, as detailed in an internal Puma email reviewed by IndiaRetailing.

“ Descours intends to dedicate more time to her personal interests and continue her professional focus in the fields of sustainability after more than 35 years in the industry. I am more than happy that she will stay a member of the Puma family and support us on our sustainability strategy and execution as an external advisor, ” shared Arne Freundt, Chief Executive Officer, Puma.

Joining Puma in 2012, Descours became a board member in February 2019.

In his new role, Sen will be responsible for overseeing the global sourcing and development of footwear, apparel, and accessories. He will report directly to Chief Product Officer Maria Valdes, who will now handle the entire product creation process from inception to production.

“ Sen has been an integral part in the development of Puma’s new supply chain strategy and he successfully reshaped and diversified Puma’s sourcing landscape. We strongly believe he is the right person to lead our sourcing organization, ” added Freundt.

Sen joined Puma in 2016 from Deichmann and has held various roles within the company. Freundt added, “ We believe that our new setup, aligning sourcing and development directly with Valdes’ product team – who is already in touch with sourcing on a daily basis – will ensure even faster decision-making. We continue to be committed to building strong and long-term relationships in the supply chain, based on trust, transparency, and collaboration .”

Founded in 1948 by Rudolf Dassler, Puma is a leading multinational corporation specializing in athletic and casual footwear, apparel, and accessories. The German-based group also owns Cobra Golf and stichd, and distributes its products in over 120 countries, employing more than 20,000 people globally.

Swiggy, India’s leading on-demand convenience platform, has announced the appointment of Amitesh Jha as the new Chief Executive Officer of its expanding quick commerce arm, Swiggy Instamart, effective September 4. Jha, a seasoned expert in e-commerce with over 20 years of experience, will spearhead the growth of Swiggy Instamart. Meanwhile, Phani Kishan, the current CEO of Swiggy Instamart and a co-founder of Swiggy, will take on a broader role overseeing the company’s Central Growth unit and will collaborate closely with Swiggy Group CEO Sriharsha Majety.

“ I am delighted to welcome Amitesh Jha as the new CEO of Swiggy Instamart. Amitesh joins us from Flipkart, where he has built an impressive track record over the past 14 years. His extensive experience includes leading core categories such as smartphones, general merchandise, fashion, and large appliances, as well as managing their logistics arm.  With Swiggy Instamart, we have a unique opportunity to redefine the way consumers shop in India, and I am excited about the prospects that lie ahead with Amitesh at the helm ,” said Sriharsha Majety, CEO, Swiggy Group.

Amitesh Jha, CEO, Swiggy Instamart shared , “ I firmly believe that the consumer internet industry in India is on the verge of transformative disruption. I am confident that Swiggy, with its innovation DNA, strong customer focus, and brand trust, will lead the way in redefining customer behavior and setting new industry standards. I am deeply grateful for the opportunity to contribute to this pathbreaking journey and be part of such a storied organization. ”

Before joining Swiggy Instamart, Jha was with Flipkart, where he played a key role in establishing e-commerce as a mainstream industry in India. He contributed significantly to the growth of Flipkart’s electronics category and led the company’s supply chain operations. More recently, he focused on sustaining long-term growth as head of Flipkart’s growth business. Jha holds a Chemical Engineering degree from IIT Delhi and an MBA from IIM Ahmedabad.

India’s rapidly expanding coffee chain, Nothing Before Coffee (NBC), is celebrating its 7th anniversary with a series of special promotions and a renewed commitment to customer loyalty. This milestone coincides with the launch of four new outlets at key locations including Delhi Mumbai Expressway, Ghaziabad, New Delhi, and Pune, bringing the total number of NBC stores to 65 across major Indian cities.

Founded by childhood friends Akshay Kedia, Anand Jain, Shubham Bhandari, and Ankesh Jain, NBC was established with the mission to revolutionize the coffee experience in India. Since opening its first outlet in Jaipur in 2017, the brand has rapidly expanded its footprint, now operating in cities such as Delhi, Pune, Jaipur, Udaipur, Kota, Surat, Gurgaon, Bangalore, Hyderabad, Kerala, Nagpur, Bikaner, Bhopal, Indore, and Lucknow. With a vision for international growth, NBC plans to open 80 new outlets by 2025, marking a significant leap toward becoming a global brand.

"Completing 7 years is a momentous achievement that brings with it great responsibility. Our goal is to sustain our brand's legacy, meet customer expectations, and continuously offer compelling reasons for our patrons to keep coming back ,” said Akshay Kedia, Co-founder, Nothing Before Coffee. 

To celebrate, NBC is offering an exclusive promotion on 31st August and 1st September 2024, where customers can enjoy a selection of NBC’s best-selling beverages for just Rs. 99. This special offer is NBC’s way of expressing gratitude to its loyal customers and inviting new ones to experience its innovative creations.

In addition to these promotions, NBC is enhancing the customer experience through new app features and loyalty rewards. Customers will earn Rs. 10 in cash loyalty points for every Rs. 100 spent, which can be redeemed via the NBC app. The app also allows for multiple orders, access to exclusive deals, and easy management of purchases, whether in-store or through pre-orders. This initiative aims to make every visit to NBC more rewarding and enjoyable.

Looking ahead, NBC has ambitious plans for international expansion. The company aims to open 400 new outlets worldwide over the next three years, with 150 locations planned across Europe. This expansion will begin with flagship stores in two international markets, bringing the unique ‘Shrappe’ experience—NBC’s signature blend of frappe and shake—to a global audience.

NBC’s commitment to quality and innovation has been central to its success, and the brand aims to replicate this on a global scale. From popular drinks like the Creamy Shrappe, Hazelnut Shrappe, and Lotus Biscoff Shrappe, NBC continues to set new standards in coffee culture with its bold flavors and unique offerings.

As NBC celebrates this significant milestone, the brand remains focused on delivering excellence and pushing the boundaries of what an Indian coffee brand can achieve. Whether enjoying a classic Shrappe or exploring new creations, customers can be assured that NBC’s commitment to quality will always be at the forefront of everything it does.

Apple has appointed Kevan Parekh as its new Chief Financial Officer, adding to the increasing number of Indian-origin executives in global C-suite roles. Parekh, 52, will succeed Luca Maestri, who will step down from his role on January 1, 2025.

Maestri, a long-serving Apple executive, will continue overseeing Corporate Services, including information systems and technology, information security, and real estate and development, and will report to Apple CEO Tim Cook.

“As part of a planned succession, Kevan Parekh, Apple’s Vice President of Financial Planning and Analysis, will become Chief Financial Officer and join the executive team,” Apple, headquartered in Cupertino, California, announced in a statement.

Apple CEO Tim Cook praised Parekh, stating , “Kevan’s sharp intellect, wise judgment, and financial brilliance make him the perfect choice to be Apple’s next CFO. For more than a decade, Kevan has been an indispensable member of Apple’s finance leadership team, and he understands the company inside and out.”

Parekh, who has been with Apple for 11 years, currently oversees Financial Planning and Analysis, G&A and Benefits Finance, Investor Relations, and Market Research. Previously, he led Worldwide Sales, Retail, and Marketing Finance and began his tenure supporting Apple’s Product Marketing, Internet Sales and Services, and Engineering teams. Before joining Apple, Parekh held senior leadership roles at Thomson Reuters and General Motors, gaining extensive global experience.

An electrical engineer by training, Parekh holds a Bachelor of Science from the University of Michigan and an MBA from the University of Chicago.

Reflecting on his upcoming transition, Maestri expressed confidence in Parekh, stating, “I have enormous confidence in Kevan as he prepares to take the reins as CFO. He is truly exceptional, has a deep love for Apple and its mission, and he embodies the leadership, judgment, and values that are so important to this role.”

Reports indicate that Maestri has been preparing Parekh for the CFO role over the past several months.

This appointment adds Parekh to the growing list of Indian-origin executives in high-profile roles at global companies, including Microsoft’s Satya Nadella, Alphabet’s Sundar Pichai, Adobe’s Shantanu Narayen, and Tesla’s CFO Vaibhav Taneja.

De Beers Group, the leading global diamond company, and Tanishq, India's largest jewellery retail brand from the Tata group, have announced a long-term strategic partnership aimed at enhancing the connection between Indian consumers and natural diamonds. This collaboration is set to capitalize on the growing demand for diamond jewellery in India, which now accounts for 11 percent of global demand, surpassing China as the second largest market for natural diamonds.

The partnership comes as the Indian market shows significant potential for growth, with diamond acquisition rates still lower than in mature markets like the US. The collaboration aims to address this gap by focusing on consumer education and confidence, leveraging Tanishq’s deep market knowledge alongside De Beers’ expertise in diamonds.

The initiative will involve extensive consumer outreach and training for Tanishq’s retail staff to better communicate the value of natural diamonds. It also includes a comprehensive marketing campaign designed to expand the customer base, including first-time buyers. Additionally, the collaboration will build on existing practices, such as Tanishq’s use of De Beers’ diamond verification technology, and explore further opportunities for enhancing supply chain transparency and integrity.

Sandrine Conseiller, CEO of De Beers Brands remarked, “ India’s love affair with diamonds has flourished over thousands of years, and we are thrilled to partner with Tanishq to unlock the full potential of this vibrant market. Combining our expertise with their deep understanding of the Indian market, we will work together to connect more Indian consumers with these natural treasures. ”

Ajoy Chawla, CEO of the Jewellery Division at Titan Company Limited noted, “ The opportunity in India for diamonds is massive, given the low penetration of studded jewellery and rising incomes. Tanishq has pioneered diamond jewellery in the market for three decades and adheres to strict standards with all diamonds responsibly sourced. Our collaboration with De Beers will unlock new opportunities and celebrate the timeless beauty of natural diamonds. ”

The partnership is expected to strengthen the market for natural diamond jewellery in India, further expanding Tanishq's reach and enhancing consumer experience with a focus on authenticity and value.

Beats has announced the launch of its latest premium products in India, marking a significant expansion in the retail market. Starting today, consumers can order the Beats Solo Buds true wireless earphones, Beats Solo 4 on-ear headphones, and Beats Pill portable Bluetooth speaker through apple.com/in. These products will also be available in stores.

The Beats Solo Buds feature 18 hours of battery life, seamless one-touch pairing with both iOS and Android devices, and USB-C charging. They come in four color options: Matte Black, Storm Gray, Arctic Purple, and Transparent Red, priced at Rs 6,900.

The Beats Solo 4, the latest version of Beats' best-selling headphones, offers upgraded sound, Personalized Spatial Audio with dynamic head tracking, UltraPlush cushions, and up to 50 hours of battery life. It will be available in three colors: Matte Black, Slate Blue, and Cloud Pink, for Rs 22,900.

The Beats Pill, a reengineered portable Bluetooth speaker, now delivers enhanced sound quality and improved portability. It offers up to 24 hours of battery life, USB-C audio and charging, and IP67 dust and water resistance. The Beats Pill will be available in Matte Black, Statement Red, and Champagne Gold for ara 16,900.

Oliver Schusser, Apple’s vice president of Apple Music and Beats said, " Beats Solo Buds, Beats Solo 4, and Beats Pill deliver remarkable sound performance, battery life, and dual compatibility for both Apple and Android devices. We are thrilled to be bringing our latest premium product offerings to India, a country with such a rich culture and diversity driven by the youth. "

The products reflect Beats' commitment to providing high-quality audio experiences, tailored to meet the diverse needs of consumers in India. Each device is designed with functionality, durability, and sound clarity in mind, ensuring they cater to the growing demands of the Indian retail market.

• BeatsX wireless earbuds

Joyalukkas, a Kerala-based jewelry retailer, recently moved its headquarters to Bengaluru and is set to become the third major offline player after Titan and Kalyan Jewellers to cater to millennials through an online platform offering trendy diamond-studded jewelry. With India’s online jewelry market valued at approximately $1 billion and expected to triple to $3 billion in the coming years, Joyalukkas' entry into this space marks a significant strategic move in retail.

Unlike Titan and Kalyan Jewellers, which entered the online jewelry market through acquisitions—such as Caratlane and Candere, respectively—Joyalukkas plans to focus on organic growth for its online expansion. The new online brand will feature daily wear jewelry priced between Rs 20,000 and 40,000, with collections regularly updated to align with current trends and tastes. The company intends to leverage its in-house design capabilities to develop these collections, emphasizing 18-carat diamond jewelry.

The Joyalukkas group, which closed FY24 with a turnover of Rs 24,830 crore—a 15 percent increase compared to FY23—is aiming to boost its revenue from diamond jewelry to 24 percent over the next four years, up from the current 19 percent. The new online brand is expected to play a critical role in achieving this target. Additionally, Joyalukkas plans to increase the number of diamond jewelry counters in its offline stores, expanding coverage to 40 percent of its total showrooms from the current 30 percent.

In addition to its online ambitions, Joyalukkas plans to open 60 new offline stores over the next three years, focusing primarily on northern and western India. The company aims to increase its revenue from non-southern markets to 25 percent, up from the current 15 percent. Joyalukkas currently operates over 100 showrooms, including 59 stores outside of India, with a presence in regions such as Punjab, Delhi, and Maharashtra, as well as in southern states.

• Online Platform

Decathlon, the French sports retailer, is set to invest €100 million (approximately Rs 933 crore) in India over the next five years to strengthen its retail and production operations. India, one of Decathlon's fastest-growing markets, is poised to play a significant role in the company's global expansion strategy.

Decathlon India CEO Sankar Chaterjee shared that the company's sales are expected to quadruple within the next three to five years. As part of this growth plan, Decathlon aims to open 190 stores across more than 90 locations throughout India over the next five years.

" We are hashtag#ReadyToPlay! We’re happy to share that we plan to invest Rs 933 crore over the next five years in India, expand to 190 stores, and also recruit 2000 employees over the next three years, " Chaterjee stated.

Decathlon's physical presence in India has grown to over 125 stores and three warehouses, with 5,700 team members across the country. Over the past five years, Decathlon has outpaced the market's growth and plans to continue this trend. The company envisions reaching 55 million Indians through a combination of physical stores and digital channels.

Building on the success of its existing 127 stores, Decathlon plans to expand its footprint aggressively, focusing on tier l, ll, and lll cities. The company's strong supplier network, which includes over 110 factories across India, offers resilience against supply chain disruptions. Additionally, Decathlon intends to leverage its robust e-commerce platform to reach customers in regions where physical stores may be limited. 

Decathlon's investment underscores its commitment to the Indian market, aiming to cater to the growing demand for sports and fitness products across the country.

• Capital Investment

Raymond Lifestyle Ltd. (RLL) has announced the appointment of Rajiv Sharma as a Non-Executive Director, expanding its Board of Directors. Sharma, who brings over 30 years of global leadership experience, previously served as Group CEO of Coats Group, a leading manufacturer of threads and structural components for apparel and performance materials.

Gautam Hari Singhania, Chairman of Raymond Lifestyle Ltd stated, “ I welcome Rajiv Sharma to the RLL Board as the Company embarks on an exciting journey as a focused, pure-play branded textile and apparel player. His impressive track record in driving growth and implementing digital and sustainability initiatives adds a distinct advantage. The diverse and deep expertise of our Board will complement RLL management's passion and commitment as we pursue large domestic opportunities, including those in the wedding, apparel, and sleepwear segments. ”

Sharma’s extensive experience spans the United States, Europe, and Asia, with roles on the boards of joint ventures at GE Energy and Shell, as well as management positions at Saab Systems Inc. and Honeywell. He holds a Bachelor of Technology in Mechanical Engineering from the National Institute of Technology, Warangal, and an MBA in Marketing and Strategy from the University of Pittsburgh.

This appointment precedes Raymond's planned listing of Raymond Lifestyle Limited in early September, which aims to unlock significant value for shareholders and offer opportunities in the wedding, apparel, and export garment sectors.

Raymond is recognized as the 10th strongest brand in India by Brand Finance, maintaining its legacy of trust, quality, and excellence in men's fashion. RLL aims to continue this tradition with its expanded Board and strategic growth plans.

• New Appointiments

LG Electronics Inc. is exploring the possibility of launching an initial public offering (IPO) for its India business, capitalizing on the booming retail and stock market in India to help achieve its ambitious goal of $75 billion in electronics revenue by 2030.

CEO William Cho stated that an IPO in India is among several strategic options to revitalize the company’s longstanding consumer electronics division. This is the first time the South Korean company, which directly competes with Samsung Electronics Co., has publicly addressed the possibility of an Indian IPO, which has been the subject of widespread market speculation.

Cho, who became CEO in 2021 after over three decades with LG Group, aims to grow the electronics business to 100 trillion won ($75 billion) in annual revenue by 2030, up from the company's overall revenue of approximately $65 billion in 2023. A significant part of this growth is expected to come from enterprise clients, with a target to increase sales from other companies to 45 percent by the end of the decade, compared to 35 percent now.

In India, LG is working to maintain its rapid growth trajectory. In the first half of 2024, LG’s Indian unit reported a 14 percent revenue increase to a record 2.87 trillion won, while net income rose 27 percent to 198.2 billion won.

Any IPO would align with the current surge in India’s capital markets. With 189 companies aiming to raise $5.6 billion this year, India has become one of the busiest markets for IPOs. At least 30 companies have entered the IPO pipeline, driven by strong domestic demand. Notably, Korean peer Hyundai Motor Co. is also preparing for an Indian IPO, seeking to raise up to $3.5 billion.

Cho’s strategy also includes nurturing new business ventures, each projected to generate over 1 trillion won in annual revenue. Among these ventures is the heating, ventilation, and air-conditioning (HVAC) segment, which has become critical for AI data centers globally. Over the past three years, LG’s overseas sales of chillers, large air conditioners for buildings, have grown by an average of 40 percent annually.

Additionally, LG is expanding its subscription service for home appliances. This model, which allows consumers to rent products such as washing machines and laptops for three to six years by paying a monthly fee, is already popular in Korea, with 35 percent of consumers opting for subscriptions. LG recently introduced this service in Malaysia and plans to extend it to Thailand, Taiwan, and India later this year, with potential expansions to the US and Europe. LG expects the subscription business to grow 60 percent to approximately $1.3 billion in 2024.

The company also plans to invest 1 trillion won by 2027 to expand its free ad-supported streaming services, enhancing its webOS-based advertising and content business.

• LG Electronics

Crown Rice has introduced its latest product, Diet Rice, a premium low glycemic index (GI) Basmati rice tailored for health-conscious consumers in India and across its expanding global markets. This launch emphasizes Crown Rice’s commitment to offering nutritious options that align with modern dietary requirements while also marking a significant step in the company’s expansion, now reaching over 30 countries.

Crown Diet Rice undergoes a specialized hydration process where the intact rice seed, including its husk and bran, is soaked, steamed, and dried at a specific temperature. This process enhances its nutritional profile, increasing vitamin content and preserving mineral levels. The cooling phase promotes the formation of type 3-resistant starch, which serves as a prebiotic, supporting gut health. With double the fiber of regular white rice and a low glycemic index of 55 or lower, Diet Rice offers the traditional taste of rice with enhanced nutritional benefits.

Amit Marwaha, MD of DRRK Foods Pvt Ltd said, " We are happy to introduce Crown Diet Rice, which embodies our commitment to blending innovation with health. This new product is designed to exceed the expectations of today’s health-conscious consumers by offering superior nutritional benefits and exceptional taste. Its unique hydration technology and milling processes ensure a premium quality rice that stands out from traditional and brown rice options. With Crown Diet Rice, consumers can now enjoy every dish and cuisine without worrying about elevated sugar levels. ”

The processing of Crown Diet Rice is carried out using advanced machinery and cutting-edge technology from Satake Corporation, Japan. This results in long, fluffy grains with a distinctive nutty flavor and high nutritional value, distinguishing it from other rice varieties on the market.

• basmati rice

Godrej Interio, a prominent home and office furniture brand in India and a part of Godrej and Boyce under the Godrej Enterprises Group, is set to enhance its market share through significant retail expansion across India. The company plans to exceed 1,000 Interio furniture stores by August 2024, adding over 1,20,000 square feet of retail space. Additionally, 104 new stores are set to open in the fiscal year 2025, aligning with the brand’s goal of making modern, stylish, and functional furniture accessible to Indian households.

Dev Narayan Sarkar, Senior VP and Head of Consumer Business (B2C) at Godrej Interio noted, " We are committed to elevate the home furnishing experience for our customers by combining extensive retail expansion with cutting-edge technological innovations. By significantly increasing our physical touchpoints, we're not just growing our footprint but transforming the viewpoint of how Indians interact with their furniture. Our nationwide growth plan targets 34, 24, 19 and 27 of new stores for the northern, western, southern, and eastern regions respectively. These new stores will serve as hubs of inspiration, showcasing how aesthetically pleasing, tech-integrated products can enhance lifestyles and bring flexibility to modern Indian interiors. ”

This extensive expansion places Godrej Interio at the forefront of the industry, with a strategic focus on modular furniture and insights from consumer behavior research, such as the HomeScapes study. The Indian furniture market, valued at approximately $23.12 billion in 2022, is expected to grow at a CAGR of 10.9 percent, reaching $32.7 billion by 2026. Godrej Interio anticipates a 20 percent growth this year and plans to add over 2,00,000 square feet of retail space in FY25, aiming to surpass 1,000 stores by August 2024—a key milestone in its expansion journey.

In addition to its physical growth, Godrej Interio continues to enhance its digital presence. The company’s e-commerce platform currently serves more than 17,000 pin codes across India, and the integration of advanced digital tools like the 3D Room Planner and 'Visual Search' tool on the e-commerce portal further enriches the consumer experience. These tools allow customers to visualize furniture in their own spaces, addressing pre-purchase concerns and improving overall satisfaction. The brand’s growth is also supported by the introduction of over 400 new products in the past year, focusing on designs that not only enhance lifestyle but also offer better value to consumers.

Furthermore, Godrej Interio has established itself as a preferred brand among developers for furnishing model apartments. This collaboration enables homebuyers to select furniture that complements contemporary living spaces, reflecting the aesthetics of sample flats while offering customizable options for colors, fabrics, and modular changes. The brand then installs the selected furniture in the new homes, ensuring a seamless transition for homeowners into their personalized living spaces.

In a move set to redefine convenience in kitchen shopping, Swiggy Instamart, India’s leading quick commerce platform, has announced the exclusive launch of Hawkins Cookers Limited products on its platform. For the first time, customers can now order their favorite Hawkins cookware items, including pressure cookers, pans, and other kitchen essentials, with delivery times of under 10 minutes.

This partnership is a significant milestone for both Swiggy Instamart and Hawkins Cookers, as it brings the trusted and iconic Hawkins brand to the forefront of quick commerce. The initiative promises to revolutionize how customers shop for kitchen essentials, offering a seamless and ultra-fast shopping experience. "Whistle While You Wait – Hawkins Cookware is now just 10 Minutes away on Swiggy Instamart!" the company proudly declared in its launch announcement.

Swiggy Instamart, known for its rapid delivery of groceries and daily necessities, is now extending this convenience to kitchen essentials with the inclusion of Hawkins products. This means that customers no longer need to plan ahead or visit physical stores for their cookware needs. Instead, they can simply place an order through the Swiggy Instamart app and have high-quality Hawkins products delivered to their doorstep in record time.

For Hawkins Cookers Limited, this partnership opens up a new and innovative channel to reach consumers who prioritize convenience and speed. By making their products available on a quick commerce platform, Hawkins is tapping into a growing market segment that values time and convenience, while still expecting the highest quality in kitchenware.

As this collaboration rolls out, customers can expect to see a wide range of Hawkins products available for immediate purchase, ensuring that quality kitchenware is always just a few minutes away. This marks a new era in how kitchen essentials are delivered, setting a precedent for future partnerships between quick commerce platforms and established consumer brands.

• Kitchen accessories

Mamaearth has unveiled its Kerala Thaali Hair Care Range, marking a new chapter in its regional product innovation strategy. This latest offering reflects Mamaearth’s commitment to integrating India’s diverse cultural and natural elements into its product line.

The Kerala Thaali Hair Care Range draws inspiration from the traditional Kerala Thaali, incorporating a blend of regional ingredients such as hibiscus, shikakai, and amla, known for their beneficial properties in hair care. The launch signifies a shift towards regional product development, leveraging insights and feedback from Indian consumers to create solutions that address local needs and preferences.

Ghazal Alagh, Co-Founder and Chief Innovation Officer of Honasa Consumer Limited remarked, " We are excited to introduce the Kerala Thaali Hair Care Range, which is deeply connected to Kerala’s cultural heritage. Each Indian state has unique traditions and resources, and we believe it’s important to honor this diversity. This product launch is not just about introducing a new item; it's about celebrating India’s rich cultural fabric and continuing our commitment to regional innovation. "

The new range will be available nationwide through various online platforms and is set to debut in Kerala via Reliance Retail's “Mini Five Star” project. This collaboration ensures that the Kerala Thaali Hair Care Range will be accessible in all Reliance Hyper stores across the state and in select southern cities where there is high consumer interest. In-store activations, including demonstrations and exclusive promotions, are planned to enhance product visibility and engage local customers directly.

Bikaji Foods International Ltd. has acquired a 55 percent equity stake in Ariba Foods Private Limited, a Ujjain-based company known for its snacks and frozen foods, including samosas, naans, parathas, and sweets. This strategic investment of Rs 60.49 crore will bolster Bikaji’s capabilities in frozen food production and broaden its market reach.

Deepak Agarwal, MD of Bikaji Foods International Ltd stated, “ We are thrilled to announce our acquisition of a 55 percent stake in Ariba Foods Private Limited. This strategic move not only strengthens our capacity for export growth but also supports our entry into the QSR segment. By integrating Ariba’s state-of-the-art production capabilities, we aim to enhance our frozen snacks and savouries manufacturing. ”

Gaurav Baheti, Promoter of Ariba Foods Private Limited said, “ This acquisition marks an exciting milestone for Ariba Foods. With our advanced production facilities and export expertise, we are well-positioned to meet Bikaji’s production needs. Our strategic location and state-of-the-art manufacturing capabilities will enable us to drive significant growth in the frozen food category together. ”

The acquisition aligns with the rapid growth of the frozen food sector, driven by technological advancements. The industry is set to leverage these innovations to meet rising consumer demand and expand its market footprint.

Intensive Softshare Private Limited, a Mumbai-based investor with a focus on the Indian consumer industry, acted as the sole syndicator and advisor for this transaction.

• Bikaji Foods International

Livpure has secured significant funding from M&G Investments and Ncubate Capital Partners. M&G Investments has contributed Rs 208 crore through its Catalyst investment strategy, while Ncubate Capital Partners has provided Rs 25 crore.

This funding is a key step in Livpure’s expansion plans. The capital will be used to accelerate the company’s growth, enhance product development, and expand its market presence. Livpure aims to use this investment to diversify its product offerings and meet the evolving needs of consumers in the home category.

Navneet Kapoor, Co-Founder and Chairman of Livpure said, “ We are excited to partner with M&G’s Catalyst team to drive our next phase of growth. This investment will enable us to innovate more rapidly, expand our product portfolio and retail presence, and make our home solutions accessible to more Indians. ”

Rakesh Kaul, MD at Livpure noted, “ This investment will help us focus on developing cutting-edge products that meet the needs of Indian consumers. We are particularly interested in enhancing our water-as-a-service model and eco-friendly home solutions. ”

Praveg Patil, Head of Asia Pacific – M&G Impact and Private Equity added, “ We are pleased to invest in Livpure, a leader in the water purifier industry. M&G Catalyst’s mandate includes supporting companies with a positive societal impact. Livpure’s efforts to reduce the cost of clean water align with our commitment to sustainable technologies. ”

InCred Capital served as the exclusive advisor to Livpure for this funding round. Ashish Ambwani, Managing Director at InCred Capital, stated, “ This funding represents a significant growth opportunity for Livpure. Their innovative water-as-a-service model positions them well for future expansion. We are proud to have facilitated this important transaction and look forward to their continued success. ”

Goa-based Fullarton Distilleries, led by Managing Director Rajiv Thadani, has introduced Fullarton Originals, a new line of spirits aimed at meeting the evolving preferences of Indian consumers. With a focus on the retail market in India, this launch follows the success of the company’s premium brands, including Woodburns Whisky (2019), Pumori Gin (2020), and Segredo Aldeia (2021). The Fullarton Originals lineup features two key products: Kosha Indian Dry Gin and Arton’s Reserve Premium Blended Whisky.

Kosha Indian Dry Gin, the flagship product in the Fullarton Originals range, draws inspiration from Indian tradition and is crafted using five botanicals: Juniper, Coriander, Orange Peel, Lemon Peel, and Rosemary. This gin is designed to offer a smooth, balanced flavor that can be enjoyed either on its own or in a cocktail.

Arton’s Reserve Premium Blended Whisky is another addition to Fullarton’s portfolio, catering to the growing market for quality Indian spirits. This all-Indian blended whisky offers a robust palate with a fruity sweetness and a smooth, nutty finish, reflecting the craftsmanship of Fullarton’s master blender.

Initially, these new products will be available in Goa and Daman, with plans to expand distribution to Maharashtra, Karnataka, Silvassa, Gujarat, Rajasthan, Haryana, Meghalaya, Tripura, and West Bengal over the next 5-8 weeks. Fullarton Distilleries is also exploring opportunities to introduce Fullarton Originals to a broader audience across India and internationally.

Rajiv Thadani, MD of Fullarton Distilleries said, “ Our entry into the accessible spirits category with Fullarton Originals is a direct response to the growing demand for quality spirits that offer great value. Kosha Indian Dry Gin and Arton’s Reserve Premium Blended Whisky reflect our commitment to crafting exceptional products that resonate with the evolving preferences of our consumers. ”

With these new offerings, Fullarton Distilleries continues its tradition of innovation and quality, with plans to expand the Fullarton Originals range further, positioning the brand to make a significant impact on the accessible spirits market in India and beyond.

Reliance Retail and UK-based footwear giant Clarks have ended their two-year joint venture, marking a significant shift in the retail landscape. The decision comes amid substantial disagreements over various terms of their partnership, according to sources familiar with the situation.

As a result of the termination, Clarks will be closing all its stores in India, a move described by one insider as part of the brand’s "exit strategy" from the market. The joint venture, known as Clarks Reliance Footwear Pvt Ltd, operated 32 exclusive Clarks-branded stores across major Indian cities including New Delhi, Mumbai, Bengaluru, Lucknow, Hyderabad, and Chennai.

Mall owners across India have confirmed the closure, with several indicating that Clarks has already shut down some of its stores or is in the process of doing so. This development has been verified by multiple sources in the retail sector.

Despite the closure, there are speculations that Clarks might re-enter the Indian market in a new form. A second source suggested that the company could restructure its operations as a fully-owned Indian subsidiary. India’s regulations permit 100 percent foreign ownership in single-brand retail ventures, allowing companies to sell a range of products under one brand name. This model has been successfully utilized by global companies like Apple, H&M, Uniqlo, Decathlon, and Ikea.

The single-brand retail route offers extensive opportunities for global brands, including exclusive stores, e-commerce, and franchise operations. However, it comes with certain conditions, such as sourcing a significant portion of products locally if foreign investment exceeds 51 percent.

Clarks initially entered the Indian market in 2009 through a joint venture with Kishore Biyani’s Future Group, known as Clarks Future Footwear Ltd. The partnership shifted to Reliance Brands in 2022 due to financial difficulties faced by Future Group.

• Reliance Retail
• Footwear brand

BSH Home Appliances Pvt. Ltd, a subsidiary of BSH Hausgeräte GmbH, the global leader in home appliances, has opened a new premium Bosch Brand Store in Bengaluru, Karnataka. This strategic expansion is part of BSH’s broader mission to introduce global retail standards in India. The store, located on Sampige Road in Malleshwaram, was inaugurated by Saif Khan, MD and CEO of BSH Home Appliances, alongside dealer partners M. Uttam Chand and U. Rachana.

Covering 1,300 square feet, the Bosch Brand Store is designed to provide an immersive shopping experience. The store showcases over 90 state-of-the-art Bosch appliances, including newly launched 9kg and 10kg washing machines, advanced dishwashers, refrigerators, vacuum cleaners, ovens, and coffee machines. A highlight is the extensive built-in range display, featuring the latest Bosch Built-In Refrigerators and a broad selection of dishwashers. This aligns with the growing demand for premium kitchen solutions and built-in appliances in Bengaluru.

Bengaluru, often referred to as the Silicon Valley of India, is a crucial market for BSH, driven by a tech-savvy and affluent population. The city's increasing disposable income and the rise in luxury real estate developments have fueled a strong demand for high-quality home appliances. Front Load Washing Machines, Dishwashers, and Cooking Appliances are central to BSH’s growth in the region, reflecting Bengaluru’s shift towards smart, connected, and sustainable home solutions. 

Saif Khan, MD and CEO of BSH Home Appliances India said, " Bengaluru is a key market for us, driving significant growth and embodying the evolving demands of the modern aspirational Indian consumer. Our premium product offerings have consistently resonated with customers, and the launch of this new store reinforces BSH’s leadership in the premium appliance segment. As a brand synonymous with German engineering and superior quality, we are committed to curating an unparalleled shopping experience at every touchpoint. This new Bosch Brand Store in Bengaluru is more than just a retail space—it is our effort to bring in global standards of retail experience in India, where our customers can immerse themselves in the innovative, high-performance solutions that define Bosch. "

The new Bosch Brand Store is a key part of BSH’s Retail Excellence initiative, aimed at redefining premium customer experiences in India. The store offers personalized product demonstrations, expert advice, and an environment that reflects Bosch’s commitment to quality and innovation. BSH is focused on enhancing customer interaction and ensuring top-notch sales and after-sales support, aiming to inspire and delight customers at every touchpoint.

BSH has a strong distribution network in Karnataka, with 1,013 touchpoints across the state, including 18 exclusive brand stores, 425 direct counters, and 570 distributor counters. The company also remains dedicated to providing excellent service support through 16 branch service offices, over 350 authorized service partners, and more than 1,500 trained service technicians nationwide.

The opening of this Bosch Brand Store marks a significant step in BSH’s strategy to bring global retail standards to India, reinforcing its position in the premium appliance market.

• BSH Household Appliance

In a significant retail development in India, Kalyan Jewellers’ promoter T.S. Kalyanaraman has acquired the remaining stake held by Warburg Pincus, marking the conclusion of the private equity firm's strategic exit from the company. This transaction sees the sale of a 6.81 percent stake by Warburg Pincus, with the remaining 2.36 percent being purchased by Kalyanaraman for Rs 1,300 crore, for Rs 535 per share.

Warburg Pincus, a long-term partner of Kalyan Jewellers since 2014, initially held a 30 percent stake in the company before it went public. Over the years, the firm has gradually reduced its shareholding as part of a planned exit strategy. The recent transaction represents the final phase of this divestment, which has been crucial in supporting Kalyan Jewellers’ growth and expansion across India and the Middle East.

T.S. Kalyanaraman, Promoter and MD of Kalyan Jewellers said, " Warburg Pincus has played a crucial role in Kalyan Jewellers’ growth and expansion across India and the Middle East. We are grateful for our partnership with Warburg Pincus, which has been a driving force behind many of our achievements over the past decade. "

Following the acquisition, the shareholding of the promoter and promoter group in Kalyan Jewellers will increase from 60.59 percent to 62.95 percent. The transaction, expected to close within the next four weeks, will be executed as an off-market deal in line with the Share Purchase Agreement between Kalyanaraman and Warburg Pincus’ affiliate, Highdell Investment Ltd.

This move further consolidates the promoter’s position in Kalyan Jewellers, underscoring the ongoing commitment to the company’s future in the retail jewelry sector across India and the Middle East.

• Kalyan Jewellers
• Warburg Pincus

Dreame Technology, a prominent name in smart home appliances, has unveiled its latest range of home cleaning products in the Indian retail market. The new lineup includes the intelligent robot vacuum and mop trio—D10 Plus Gen 2, D9 Max Gen 2, and L10 Prime—the H12 Dual Wet and Dry Vacuum, and the versatile Mova J10, J20, and J30 cordless stick vacuums. These products aim to address diverse cleaning needs with a blend of power, intelligence, and convenience.

The D10 Plus Gen 2, D9 Max Gen 2, and L10 Prime robot vacuums and mops are designed for hands-free cleaning with advanced navigation and effective mopping. The H12 Dual combines wet and dry cleaning capabilities, ideal for handling spills and general messes. The Mova J10, J20, and J30 cordless stick vacuums offer powerful cleaning performance and flexibility for everyday use.

Manu Sharma, Managing Director of Dreame India noted, “ The market for robot vacuum cleaners and dual wet and dry cleaners in India is expanding rapidly, presenting a significant opportunity. Our goal at Dreame is to establish ourselves as a trusted brand by delivering innovative products that integrate seamlessly into our customers' lives. Our new vacuum cleaners are designed to make home cleaning effortless, reaffirming our commitment to enhancing daily living through technology. ”

• consumer electronics

Inflection Point Ventures (IPV), a leading angel investment platform in India’s retail sector, has successfully exited its investment in Fashor, a fashion brand specializing in trendy and affordable women's wear. The exit generated a 33 percent internal rate of return (IRR) and a 3.75x money-over-money (MoM) return within 54 months of its initial investment. This accomplishment highlights IPV's strategic expertise in identifying and nurturing startups within India’s competitive retail landscape.

Mitesh Shah, Co-Founder of Inflection Point Ventures said, " Our exit strategy, backed by data from years of investing in Indian startups, continues to benefit our investors. As one of the largest angel platforms in India, we prioritize not only finding innovative startups to invest in but also identifying the right time to exit. Our track record remains strong, and as we continue to invest in Indian startups, we will keep delivering exits that yield high returns. "

Fashor, known for its wide range of Indian and fusion wear for women, has rapidly grown by launching an extensive variety of designer styles on its platform, Fashor.com. The brand has become a significant player in India's retail sector, particularly in online branded clothing. Fashor's approach to offering affordable designer clothing has resonated with a broad customer base across the country, making it one of India’s largest brands in terms of the number of designs launched each month.

IPV's involvement with Fashor extended beyond traditional investment. The venture firm collaborated closely with Fashor, helping to refine its strategies, shape its business model, and develop a robust fundraising and exit plan. IPV also connected Fashor with industry professionals, building a network of experts to guide the company through its growth and eventual exit.

Vikram Kankaria, CEO of Fashor stated, " Our collaboration with Inflection Point Ventures has been crucial in driving our growth. Their strategic guidance and support have allowed us to scale rapidly and achieve significant milestones. We are eager to continue innovating and expanding our presence in the fashion industry. "

IPV has seen significant growth in recent years. In 2022, the firm achieved 12 successful exits with a 160 percent IRR, followed by 14 exits in 2023 with a 61 percent IRR, despite challenging market conditions. As of 2024, IPV has completed a total of 45 exits with an average IRR of 128 percent, demonstrating its commitment to delivering substantial returns for its investors while contributing to the growth of India's retail sector.

DECATHLON, a global sports retail giant, is capitalizing on the growing popularity of padel in India. The company has announced an ambitious plan to expand its padel business by over 300 percent and capture 75 percent of the Indian market by 2026. This strategy aligns with DECATHLON's mission to democratize sports and make high-quality, affordable padel equipment and facilities accessible across the country. The expansion reflects India's burgeoning interest in padel, with the retail sector playing a key role in the sport's development.

According to recent reports, padel currently has over 1,800 registered players in India. The sport's simplicity and lower physical demands compared to other racquet sports like tennis and squash have made it appealing to a wide range of players. The Indian Padel Federation predicts that the sport will see significant growth in the next two years. By the end of 2024, major cities such as Bangalore, Mumbai, Delhi, and Hyderabad are expected to have around 30-40 courts each, totaling over 200 courts. This rapid growth indicates the increasing demand for high-quality padel facilities.

DECATHLON's commitment to supporting padel in India is demonstrated by the opening of its first padel court in North Bengaluru. This facility offers high-quality playing spaces and excellent amenities, aimed at increasing the sport's accessibility to a broader audience. The brand's retail outlets in Delhi, Mumbai, Bangalore, and Gujarat currently offer a range of 12 padel rackets, with plans to expand to 28 by 2025. These include specialized rackets for children and women, as well as professional-grade equipment used by padel star Maxi Sánchez.

" Padel’s rapid growth in India highlights the nation’s passion for racquet sports and the rising interest in new team challenges. At DECATHLON, we are committed to inspiring movement through sport, fostering community connections, and promoting healthy lifestyles. By providing high-quality, affordable equipment and access to world-class facilities, we aim to support the development of padel and make it accessible to everyone. Our goal is to lead this exciting journey, making padel a mainstay in the Indian sports landscape, " said Chitransh Srivastava, Racket Sports Leader, DECATHLON India.

With a strong tradition of racquet sports and the success of tennis in the country, India is well-positioned to become a significant hub for padel. Currently, there are approximately 27 million racket sports players in India, many of whom are increasingly exploring padel as a recreational activity. This trend underscores the sport's vast potential and its promising future in the Indian sports market.

DECATHLON's efforts to grow padel in India represent a significant step forward in making the sport more accessible and popular across the nation. As the sport continues to gain traction, DECATHLON's strategic investments are poised to play a crucial role in shaping the future of padel in India.

United Breweries Limited (UBL), India’s largest beer manufacturer and a key part of the HEINEKEN Company, has announced the availability of Heineken Silver and Heineken Original across Karnataka's retail stores and bars. This launch represents a strategic move in Heineken’s expansion within India, focusing on enhancing consumer experiences through premium offerings. Notably, the Heineken brand will now be brewed locally at the Nanjangud Brewery in Mysuru, Karnataka, in alignment with global Heineken standards.

India’s beer market has seen a shift towards premium mild beers, with consumers increasingly seeking unique and high-quality beer experiences. Heineken aims to meet this growing demand in Karnataka with its reputation for quality and consistency. Heineken Silver offers a smooth, easy-to-drink lager with a crisp, subtle finish, while Heineken Original is known for its balanced taste and rich fruity notes. Both variants have been well-received in global markets.

Vivek Gupta, CEO and Managing Director of United Breweries Limited commented, “ As India becomes increasingly important in HEINEKEN’s global growth strategy, we are proud to announce that Heineken will now be brewed locally in Karnataka at our Mysuru brewery. This investment not only strengthens our supply chain but also supports local economic growth and community development. ”

Vikram Bahl, Chief Marketing Officer of United Breweries Limited added, " Karnataka is a key market for us, and the demand for high-quality beverages is on the rise. By introducing Heineken Silver and Heineken Original, we are committed to delivering exceptional beer experiences that align with the refined tastes of our consumers in this region. "

Heineken beer, brewed with just three natural ingredients—100 percent pure imported malt, water, and hops—maintains its global reputation for quality. The brewing process, which includes the use of a special A-yeast discovered in the 19th century, ensures Heineken retains its signature slightly fruity and balanced taste. The process involves horizontal brewing and extended fermentation times to achieve the brand's distinctive flavor profile.

First brewed in 1873 in Amsterdam, Heineken has become a global icon, enjoyed by millions in over 190 countries. In Karnataka, both Heineken Silver and Heineken Original will be available at leading retail outlets and pubs, alongside Heineken 0.0, a non-alcoholic variant that offers the taste of Heineken without the alcohol.

With this launch, United Breweries Limited continues to reinforce its presence in India’s premium beer market, bringing world-class products to consumers across Karnataka.

Sanjay Dutt, a prominent Bollywood actor and long-time brand ambassador for The Glenwalk, has unveiled the latest addition to the premium Scotch whisky brand’s offerings: the Zero-Calorie Ginger Ale. This launch marks a new chapter in The Glenwalk's journey, blending the brand's focus on quality with the growing demand for health-conscious beverages. Available now in Mumbai’s retail outlets, the Zero-Calorie Ginger Ale is set to reach quick e-commerce platforms soon.

The new Zero-Calorie Ginger Ale highlights The Glenwalk’s commitment to innovation within the beverage industry. Made with natural ingredients and a unique blend of spices, it delivers a bold ginger flavor without added calories. The 250ml bottle is designed for convenience, ensuring that consumers can enjoy this refreshing drink on the go, while its sleek design aligns with The Glenwalk's premium brand image.

Sanjay Dutt shared, " As someone who values a healthy lifestyle, I'm thrilled to introduce The Glenwalk’s Zero-Calorie Ginger Ale. It's a great choice for those who want to enjoy a flavorful drink without compromising on their health goals. This product is a perfect fit for any season. "

Mokksh Sani, the founder of Living Liquidz and co-founder of The Glenwalk said, " We’re excited to expand The Glenwalk's range with a non-alcoholic option like the Zero-Calorie Ginger Ale. It’s ideal for consumers who are mindful of their intake but still want to enjoy a refreshing beverage. "

Since its launch in June 2023, The Glenwalk, under the leadership of brand partner Sanjay Dutt and co-founders Mokksh Sani, Jitin Merani, Rohan Nihalani, and Manish Sani, has quickly gained popularity across India. Reflecting on his involvement, Sanjay Dutt remarked, "I've known Mokksh for years, and his passion for creating something extraordinary is clear. The Glenwalk is not just about a product; it's about building a lifestyle."

The introduction of the Zero-Calorie Ginger Ale marks Cartel Bros.'s entry into the non-alcoholic beverage sector. Jitin Merani, Co-Founder of Cartel Bros added, " With The Glenwalk, we're embarking on a new chapter. This product aligns with our values of innovation, quality, and health-consciousness. We’re excited to see how consumers respond to this addition. "

Sanjay Dutt’s collaboration with The Cartel Bros. and The Glenwalk goes beyond product promotion; it reflects a shared vision for positive change in India’s beverage industry. " Our country is evolving rapidly, and The Glenwalk is at the forefront of this transformation. With Mokksh’s strategic insight and our collective vision, we’re creating something truly special, " Dutt stated.

As Sanjay Dutt continues to captivate audiences with his on-screen presence, his partnership with The Glenwalk signifies a promising journey ahead. The Zero-Calorie Ginger Ale is just the beginning of what’s to come from this collaboration. Available now in Mumbai, this beverage offers a refreshing, guilt-free experience that aligns with modern consumer preferences.

Godrej Interio, the renowned home and office furniture division of Godrej & Boyce, has announced plans to launch 10 new kitchen specialty outlets across India by the end of the fiscal year (FY) 2025.

The company recently inaugurated two new kitchen specialty stores in Hyderabad, strategically located in Kokapet and Tellapur. The Kokapet store spans 1,500 sq. ft., while the Tellapur outlet covers 850 sq. ft. To mark the grand openings, Godrej Interio is offering customers up to 25 percent off on kitchen solutions.

“ Owing to the strategic location of the stores and Godrej Interio’s strong and growing brand recall in the market, we expect the revenues of both stores to touch Rs 1 crore per annum by fiscal year (FY) 2025. We aim to grow by 20 percent in the next three years and expect revenues to reach Rs 25 crore for the states and Rs 50 crore for the Southern zone ,” said Dev Narayan Sarkar, senior vice president, Godrej Interio. 

Godrej Interio, a subsidiary of the Godrej Enterprises Group, has a well-established presence in over 450 cities across India. The company operates 450 exclusive showrooms and 520 dealer outlets, making it one of the leading players in the Indian furniture industry. Its manufacturing capabilities are equally impressive, with seven state-of-the-art facilities located in Mumbai, Khalapur, Haridwar, Shirwal, and Bhagwanpur. These facilities not only support the company’s expansive retail network but also enable it to maintain high standards of quality and innovation in its product offerings.

As the company continues to grow, it remains committed to its core values of innovation, quality, and customer-centricity. The launch of the new kitchen specialty outlets is a testament to Godrej Interio’s ongoing efforts to meet the evolving needs of its customers and reinforce its position as a leader in the home and office furniture market. With these new initiatives, Godrej Interio is poised to achieve significant growth in the coming years, further solidifying its brand presence across the Southern region and beyond.

French sporting goods retailer Decathlon has announced plans to invest an additional 100 million euros (approximately Rs 930 crore) in India over the next five years, aiming to solidify its position as a leading global sports brand in the country. This was revealed by Sankar Chatterjee, Chief Executive Officer of Decathlon India, during a press conference.

The new investment will be directed towards expanding Decathlon's presence in India by launching new stores, enhancing digital assets, and strengthening its value chain, among other initiatives. The company plans to increase its total store count to 190 across more than 90 cities, including both Tier I and Tier II towns. Decathlon, which began its Indian journey in 2009 with its first store in Sarjapur, Bengaluru, currently operates 127 stores nationwide.

Chatterjee also outlined Decathlon’s commitment to the "Make in India" program, aiming to achieve 85 percent local product manufacturing by 2029.

“ India is a key market for Decathlon. India is a cornerstone of Decathlon’s global ambition, its vibrant market and talented workforce present unprecedented opportunities. We are committed to accelerating our growth here, accelerating our reach, and making a positive impact on people’s lives through sports ,” said Steve Dykes, Chief Business & Countries Officer, Decathlon. 

Currently, 8 percent of Decathlon’s global sourcing comes from India, with about 60 percent of its sales in the country generated from locally-made products. Dykes highlighted India’s potential to evolve into a global manufacturing and innovation hub for Decathlon, expressing excitement about nurturing local talent and contributing to India’s emergence as a sporting powerhouse.

Globally, Decathlon operates 1,700 stores and plans to make significant investments in technology assets, according to Steve Dykes. Sankar Chatterjee noted that these investments will focus on customer experience, digital transformation, and implementing solutions like AI, ML, and RFID to enhance the overall customer journey.

In addition to these expansion plans, Decathlon also unveiled a new brand identity featuring a refreshed logo. This new branding will be rolled out across 43 of its 127 stores, which will undergo full modernization as part of the company's efforts to stay ahead in the competitive retail landscape.

adidas, a leading global sportswear brand known for its distinctive three-stripe trademark, is celebrating its 75th anniversary with the launch of a special sneaker collection. This milestone collection, featuring some of the brand's most iconic Originals franchises, is crafted in exclusive colorways and includes a '75' stamp at the heel, symbolizing the brand's long-standing heritage and commitment to innovation in the retail and athletic markets, including India.

Founded in 1949, adidas has established itself as a major player in the sportswear industry, recognized for its high-profile endorsements with sports stars like NBA player Derrick Rose and football legend Lionel Messi, who signed a lifetime deal with the brand in 2017. Over the decades, the company has faced both triumphs and challenges, notably with its Yeezy line, a collaboration with rapper Kanye West.

As of 2023, adidas derives 55 percent of its revenue from footwear, with sportswear and fashion-oriented apparel contributing 38 percent. The remaining 7 percent comes from accessories, including bags and hats.

The 75th-anniversary capsule collection is a testament to adidas's enduring influence on sports and fashion. The collection includes sneakers from some of the brand's most beloved Originals lines, each redesigned in exclusive colorways. The subtle '75' mark at the heel of each pair serves as a stylish nod to the company's history, blending tradition with modern design.

This launch not only celebrates adidas's rich history but also reinforces its position in the retail market, especially in India, where the brand continues to be a leader in both sports and lifestyle segments. The anniversary collection reflects adidas's ongoing dedication to creating innovative and timeless designs that resonate with consumers worldwide.

• anniversary

Mahindra and Mahindra Ltd., a leading player in India's SUV market, has introduced the Thar ROXX, a new model positioned to challenge the norms of the SUV category in the country. Priced starting at Rs 12.99 Lakh, the Thar ROXX reflects Mahindra’s bold approach and is engineered to deliver a refined yet powerful driving experience, combined with robust safety features. This model is designed to cater to the evolving preferences of the Indian market, while also aligning with global standards.

The Thar ROXX is built on Mahindra’s newly developed M_GLYDE platform, which offers a smooth ride, precise handling, and leading dynamics in its class. This platform merges Thar’s well-known off-road capabilities with modern sophistication, aiming to provide a premium SUV experience for consumers who seek both rugged performance and luxury in their vehicles.

The vehicle has undergone rigorous testing in a variety of extreme conditions, including the hot sands of the Thar desert, the high altitudes of Umling La, muddy terrains in Coorg, and the freezing temperatures of Kaza. This testing ensures that the Thar ROXX is equipped to handle diverse and challenging environments, making it a reliable option for the globally-minded Indian consumer.

Veejay Nakra, President of the Automotive Division at Mahindra and Mahindra Ltd said, " The Thar brand has always been a cultural phenomenon, symbolising freedom and a strong sense of community. Building on this legacy, the Thar ROXX is ‘THE’ SUV, seamlessly combining head-turning design, a refined drive, powerful performance, superior off-roading capability, ultimate safety, luxurious space, and advanced technology. With Thar ROXX, we're not just elevating the SUV experience—we're setting our sights on making the Thar brand the No. 1 SUV (>12.5 Lakh segment) by volume within the next 3 to 5 years. "

R Velusamy, President of Automotive Technology and Product Development said, " Thar ROXX represents a new era of refined body-on-frame SUVs, built on our all-new M_GLYDE platform. This cutting-edge platform, enables us to deliver the best of both worlds – blending refined urban sophistication typically found in monocoque SUVs like the XUV700 with unparalleled, tech-enabled off-road capabilities. With standout features such as a panoramic SkyroofTM, advanced Level 2 ADAS, and Harman Kardon branded audio, the Thar ROXX redefines the ownership experience, setting new benchmarks in luxury and safety. "

Bookings for the Thar ROXX will begin online and at Mahindra dealerships on October 3, 2024, with test drives available from September 14, 2024. Deliveries are scheduled to start during Dussehra, ensuring that customers can experience their new Mahindra SUV promptly.

The Thar ROXX, designed at the Mahindra India Design Studio in Mumbai and engineered at the Mahindra Research Valley near Chennai, showcases the expertise of Mahindra’s global design and engineering teams. Produced at Mahindra's facility in Nashik, the Thar ROXX is a testament to the company’s commitment to innovation in the Indian retail automotive market.

Pernod Ricard India has unveiled a strategic plan to triple its revenue over the next decade by focusing on premiumization and innovation within India's retail sector. As part of this initiative, the company introduced two new whiskies: Royal Stag Double Dark Peaty Whisky and Blenders Pride Four Elements Premium Whisky. These launches follow the successful debut of Longitude 77, the first Indian Single Malt from Pernod Ricard, underscoring the company's commitment to the Indian market.

Introducing these products marks a significant step in Pernod Ricard India’s efforts to strengthen its position in the premium whisky segment. The company aims to capitalize on its established market leadership with brands like Royal Stag and Blenders Pride, which have long held dominant positions in their respective categories. With India being a key market for Pernod Ricard globally, the company’s strategy aligns with the government's "Make in India" initiative, with 97 percent of its portfolio being produced domestically.

Kartik Mohindra, Chief Marketing Officer and Head of Global Business Development at Pernod Ricard India said, “ As one of Pernod Ricard group’s top three markets, India offers significant opportunities for growth and innovation. Our newest releases, Blenders Pride Four Elements and Royal Stag Double Dark, cater to the changing whisky preferences of discerning Indian consumers. These product innovations are backed by extensive consumer research and Pernod Ricard India’s investment in Research and Development, allowing us to remain agile in the rapidly evolving market landscape. ”

Blenders Pride Four Elements is crafted with a blend of four styles of Scotch malts and Indian grain spirits, representing the elements of Air, Water, Fire, and Earth. This innovative approach is reflected in the product's vibrant packaging, designed by LOVE INTERNATIONAL (UK). Meanwhile, Royal Stag Double Dark Peaty Whisky offers a distinct smoky flavor profile, utilizing double-distilled Scotch malts matured in dark charred barrels. The packaging for this variant, created by FCB India, further differentiates it in the market.

Sustainability is a critical focus for these new products, with limited use of mono cartons during the launch phase. This approach aligns with Pernod Ricard’s broader sustainability roadmap, "Good Times From a Good Place," emphasizing eco-friendly packaging and responsible production practices.

These launches are part of a broader strategy by Pernod Ricard India to capture a larger share of the premium whisky market. As the demand for premium whisky continues to grow in India, driven by changing consumer preferences and favorable market conditions, the company is well-positioned to meet this demand with its innovative offerings.

The rollout of these products will begin with Royal Stag Double Dark in Maharashtra, Assam, Haryana, and Uttar Pradesh, followed by Blenders Pride Four Elements in UP, Haryana, Odisha, Telangana, and Goa. The pan-India launch is expected to be completed by December 2024.

Pernod Ricard India’s commitment to innovation, combined with its focus on the Indian retail market, positions it as a key player in the evolving whisky landscape. With its strategic launches and continued investment in the Indian market, the company is poised to set new benchmarks in the industry.

• Pernod Ricard

Stone Sapphire India Pvt Ltd has announced the appointment of Shobhit Singh as its new Chief Executive Officer (CEO). Previously serving as the Director, Singh’s promotion reflects a strategic move to enhance the company’s market position and broaden its reach within India's retail sector.

Shobhit Singh has been a key figure in driving innovation and growth at Stone Sapphire India. In his new role, he is expected to lead the company toward becoming a global leader in the distribution of iconic and value-added products across various categories. Singh shared, " I am honored to step into the role of CEO and lead Stone Sapphire into its next phase of growth. Our vision is to bring iconic and relevant brands to the Indian retail market, catering to diverse customer needs. We aim to achieve a significant milestone of clocking Rs 1,000 crore in revenue over the next four years while maintaining our commitment to quality and customer satisfaction. "

Stone Sapphire India Pvt Ltd is known for its wide range of products, including toys, stationery, homeware, and sports equipment. The company is now looking to expand its portfolio to include fast-moving consumer goods (FMCG) and other household categories, reflecting a sector-agnostic approach aimed at capturing a larger share of the Indian retail market.

Singh added, " Stone Sapphire’s journey started with a strong focus on kids’ products, but we are now moving towards a broader market presence. Our goal is to cultivate purpose-driven brands that not only meet customer needs but also enrich the lives of our employees, dealers, and distributors. We are committed to creating a business that is relevant to all stakeholders, including suppliers, consumers, investors, and partners. "

In addition to expanding its product portfolio, Stone Sapphire India Pvt Ltd is also focused on strengthening its distribution network. The company recently opened a new office in Noida, complementing its existing offices in Mumbai and Baroda, along with depots in Delhi and Bangalore. This expansion is part of a broader strategy to enhance the efficiency and robustness of the company’s distribution system across India.

Singh emphasized the importance of talent acquisition in achieving the company’s goals, stating, "We believe that our people are the cornerstone of our success. We are investing in hiring top talent at various levels, including CXOs, to bring best practices and professional expertise into the company. Our aim is to create a business that thrives on innovation, technology, and strategic growth."

Outside of his professional responsibilities, Singh is passionate about sports and meditation, reflecting the company’s values of positivity and persistence.

Under Shobhit Singh’s leadership, Stone Sapphire India Pvt Ltd is set to embark on a transformative journey, with ambitions to set new benchmarks in the Indian retail market.

Odysse Electric is significantly expanding its operations, reaching more than 150 cities across India. This expansion reflects the company's commitment to advancing electric mobility in the retail sector and making sustainable transportation more accessible throughout the country.

The expansion will extend Odysse Electric's presence to key locations across 17 states, including Haryana and Punjab, while strengthening its foothold in existing states such as Bihar, Maharashtra, Rajasthan, and Uttar Pradesh. This strategic move aims to meet the growing demand for electric vehicles and make sustainable mobility solutions more affordable for a broader audience. The new operations commenced on August 15, 2024, marking a significant milestone in the company's growth in the Indian retail market.

As part of this initiative, Odysse Electric has established new dealerships in Odisha (Behlangir), Maharashtra (Virar), Gujarat (Bhuj), Karnataka (Bangalore), and Uttar Pradesh (Kanpur). These dealerships will offer the full range of Odysse Electric’s models, including both low-speed and high-speed variants, catering to the diverse needs of customers in these regions.

Nemin Vora, CEO of Odysse Electric stated, " Our mission has always been to make electric mobility accessible to every corner of the country. By expanding our presence to over 150 cities in this quarter, we are taking a significant step toward realizing this vision. This strategic expansion will allow us to serve a wider audience, meet the growing demand for electric vehicles, and contribute to a sustainable future for India. "

This expansion comes at a pivotal time, as demand for electric vehicles in India continues to rise, driven by supportive government policies, increasing environmental awareness, and the rising cost of conventional fuel. As Odysse Electric moves forward with this significant expansion, the company remains committed to delivering high-quality, reliable, and affordable electric vehicles to meet the evolving needs of Indian consumers in the retail market.

• electric vehicle

Furnitech Luxe, a leading luxury furniture brand known for its opulent upholstered furniture, is set to make its offline debut in India through a partnership with Pepperfry. This strategic move marks a significant milestone for Furnitech Luxe as it expands its retail presence, allowing customers to experience its products firsthand in select Pepperfry studios. This initiative highlights the brand’s commitment to enhancing customer experience through an omnichannel approach.

For over a decade, Furnitech Luxe and Pepperfry have collaborated online to offer premium furniture designs to discerning customers across India. Now, this partnership is evolving with an offline initiative that enables customers to physically engage with Furnitech Luxe's luxurious craftsmanship. The brand’s exclusive collections, which blend art, sustainability, and impeccable craftsmanship, will be displayed in a premium setting, enhancing customer engagement and expanding market presence in the retail sector.

Eight Pepperfry experiential studios located in key metro areas will feature a curated selection of new and exclusive Furnitech Luxe collections. These studios are situated in Thane (Mumbai), S.B. Road (Pune), Kirti Nagar and Ghitorni (Delhi), Banaswadi and Indiranagar (Bengaluru), Kothaguda (Hyderabad), and Golf Course Road (Gurugram). This offline expansion offers customers an immersive experience with Furnitech Luxe’s comfortable and elegant seating options, beyond the limitations of digital interaction.

Hussaine Kesury, Chief Business Officer at Pepperfry said, “ Our decade-long partnership with Furnitech Luxe has been incredibly rewarding. We are excited to take this collaboration to the next level by presenting Furnitech Luxe's exclusive and premium furniture in our studios. This move will enable our customers to appreciate and experience the elegant and sophisticated seating options of Furnitech Luxe in person. ”

Dhawal Shah, Managing Director of Furnitech Luxe said, " We are thrilled to partner with Pepperfry to bring Furnitech Luxe's exclusive and luxurious furniture collections to a broader audience. This collaboration marks a significant milestone for us as we step into the offline market, and we believe Pepperfry's established presence and reputation will greatly enhance our brand visibility and customer engagement. "

The Pepperfry studios will showcase a selection of Furnitech Luxe’s sofas and recliners, allowing customers to experience the brand's exceptional craftsmanship and luxurious design firsthand. This partnership not only expands Furnitech Luxe's retail footprint in India but also strengthens its position in the luxury furniture market.

Summercool, a prominent player in the home and kitchen appliances sector, is set to launch a new manufacturing facility in the Naini Industrial Area, Prayagraj. This development represents a key milestone in the brand's expansion within the retail market in India. The new plant, covering 5,000 square meters, is a significant step forward for Summercool as it seeks to enhance its production capabilities and contribute to regional economic growth.

The facility comes with an initial investment of Rs 10 crore and is expected to create employment opportunities for approximately 100-150 people. It will cater to the rising demand for Summercool's products not only in Uttar Pradesh but also in neighboring regions, including Bihar, Bengal, Jharkhand, and Nepal.

The Uttar Pradesh government has shown strong support for Summercool's new manufacturing unit, viewing it as a strategic initiative to boost industrial development in the area. During a recent event, Nand Gopal Gupta, Cabinet Minister of Uttar Pradesh, pledged the full backing of the state's Micro and Small Industries Ministry. The event highlighted the government's commitment to supporting local businesses and ensuring the smooth execution of such projects, which are expected to accelerate Summercool's growth and contribute to the region's economic development.

The construction of the Prayagraj plant is scheduled to be completed within the next 1-2 years, with operations set to commence shortly thereafter. Summercool has outlined plans for ongoing investment in the facility to expand its capacity and product range, keeping the plant at the cutting edge of manufacturing standards.

Sanjeev Kr Gupta, MD of Summercool Home Appliances stated, " Our new plant in Prayagraj is a testament to our commitment to growth and innovation. We are excited to increase our manufacturing scale and capacity, which will enable us to introduce new products that meet the evolving needs of our customers. This expansion not only strengthens our presence in Uttar Pradesh but also aligns with our broader vision of tapping into new markets with reduced logistics costs. "

This new facility marks a crucial point in Summercool's journey, as the company continues to focus on innovation, product development, and market expansion. With this move, Summercool aims to meet both current and future customer demands, further solidifying its position as a leader in the home appliances industry in India.

• manufacturing plant

Bengaluru-based Brand Studio Lifestyle is marking a significant milestone as its direct-to-consumer (D2C) fashion brands, Highlander and Tokyo Talkies, venture into offline retail. The company has recently expanded its physical presence with the opening of 13 new stores this month alone. These new locations include 10 in Gujarat, one in Hyderabad, and two in Bengaluru.

This fiscal year, Brand Studio Lifestyle plans to launch over 90 new stores, with an initial rollout of 30 across several key regions including Gujarat, Maharashtra, Uttar Pradesh, Telangana, Andhra Pradesh, Delhi, and Karnataka.

Highlander, known for its menswear, offers a diverse range of products such as shirts, jeans, and cargos, with over 300 new styles introduced each week. On the other hand, Tokyo Talkies, which focuses on womenswear, caters to Gen Z fashion trends with 600 new styles added monthly.

“We are thrilled to launch Highlander and Tokyo Talkies stores. Our offline expansion aims to make our fashion accessible across geographies and formats, whether offline or online,” shared Shyam S Prasad, chief executive officer of Brand Studio Lifestyle.

The retail strategy includes both stand-alone stores for each brand and combined Highlander X Tokyo Talkies outlets. The stand-alone stores will vary in size from 2,000 to 3,000 square feet and will be situated in malls and high streets. The joint outlets will be larger, ranging from 4,000 to 5,000 square feet.

Brand Studio Lifestyle Pvt. Ltd., founded in 2015, operates six brands including Highlander, Tokyo Talkies, Vishudh, Ketch, Locomotive, and Hoop. In 2021, the company launched Getketch.com, a D2C website and app. The retailer serves millions of customers across over 20,000 pin codes and ships between 1.5 to 2 million pieces monthly. Through its D2C platform, the brands have accumulated over 3 million customers in just two and a half years.

Acer, a leading brand in the PC industry, has launched its first fully AI-integrated gaming laptop, the Acer Nitro V 16, marking a new era in gaming technology. This innovative device is designed to redefine the gaming experience with its advanced features and powerful performance.

The Nitro V 16 is powered by AMD Ryzen R7 8845HS Series processors and NVIDIA GeForce 4060 series AI graphics, combined with 16GB DDR5 RAM and a 1TB SSD. These components are seamlessly integrated with the revolutionary Copilot in Windows 11, delivering high-speed performance for gaming and streaming. The laptop's 16-inch display offers a vivid 16:10 WQXGA resolution of 2560 x 1600 pixels, with a 165Hz refresh rate and 100 percent sRGB color accuracy, providing lifelike visuals that enhance the gaming experience.

One of the standout features of the Nitro V 16 is Copilot, an AI-powered assistant that boosts productivity by delivering detailed web-based answers, inspiring creativity, and enhancing collaboration. Another key feature is Purified Voice 2.0, an AI-driven tool that removes background noise, ensuring crystal-clear audio during gaming and video calls. The Acer Quick Panel further simplifies the management of Purified View and PurifiedVoice AI settings, allowing users to effortlessly control camera and microphone configurations during video calls.

The Nitro V 16 is engineered for a wide range of users, from multimedia enthusiasts seeking excellent entertainment and gaming capabilities to students needing a versatile device for academics and gaming. It is also an ideal choice for mainstream gamers looking for a budget-friendly gaming experience.

The laptop's advanced dual-fan, quad-intake, and quad-exhaust cooling system is designed to handle the most demanding tasks. By drawing in cold air from the top keyboard and bottom cover and expelling heat through side and rear vents, the laptop remains cool, preventing throttling and maintaining optimal CPU and GPU performance. Users can manage the cooling system with the NitroSense key, enabling them to adjust fan speeds and select from four modes: Eco, Quiet, Balance, and Performance.

Seamless connectivity is ensured with options such as Wi-Fi 6E, Gigabit Ethernet, and USB4 40Gbps, keeping users connected in any setting. Enhancing the immersive experience, the Nitro V 16 comes with DTS Ultra Audio, offering enhanced bass, loudness, and customizable sound modes, while supporting high-impedance headphones for superior audio through both internal speakers and headphones. The laptop also features a MUX switch, allowing users to easily switch between integrated and discrete GPUs, optimizing graphics performance as needed.

This combination of advanced cooling, exceptional audio quality, and versatile connectivity makes the Nitro V 16 an ideal choice for gamers and multimedia enthusiasts. The AI-powered Nitro V 16 is priced at Rs. 1,09,999 and is available at Acer-exclusive stores.

• Information Technology

The National Company Law Tribunal (NCLT) Mumbai Bench has approved the merger of TCNS Clothing Co. with Aditya Birla Fashion and Retail (ABFRL) under a Scheme of Amalgamation by way of Merger by Absorption. The order, pronounced on August 2, 2024, was officially sanctioned by NCLT, with ABFRL confirming receipt of the certified true copy on August 16.

ABFRL, a flagship company of the Aditya Birla Group, specializes in apparel, footwear, and accessories retailing. TCNS Clothing Co. Ltd, known for its popular women’s wear brands W and Aurelia, will now be integrated into ABFRL's portfolio.

This move follows ABFRL's acquisition of a majority stake in TCNS Clothing for Rs 1,650 crore in May 2023. By September 2023, ABFRL had secured a 51 percent stake in TCNS, officially becoming its promoter. The Competition Commission of India (CCI) approved the acquisition in June 2023, and the merger scheme received a no-objection letter from both BSE Ltd and NSE Ltd in March 2024.

ABFRL Reports Q1 Results

In its latest financial update, Aditya Birla Fashion and Retail reported a consolidated net loss of Rs161 crore for the quarter ended June 30, 2024, an increase from Rs 141 crore in the same period last year. However, this loss represents a decrease from the Rs 229 crore loss recorded in the previous quarter.

The company’s revenue grew by 7 percent to Rs 3,428 crore in Q1FY25, up from Rs 3,196 crore year-on-year (YoY). The net profit was impacted by ongoing investments in digital-first fashion brands TMRW and losses in premium ethnic wear brands under TCNS, according to the company.

• TCNS clothing
• Merger & Acquisition

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Mumbai Travel Retail Private Limited Registration & Financial Info

Mumbai travel retail private limited company information.

Mumbai Travel Retail Pvt. Ltd. is a , Maharashtra based company registered on 2021-03-11 . Get the detailed information of Mumbai Travel Retail Private Limited which has registered location is Plot No. D-73/1, Ttc Midc Turbhe Mumbai Thane Mh 400705 In which carries out Retail trade,except of motor vehicles and motorcycles,repair of personal&household goods . Mumbai Travel Retail Private Limited has the CIN no of U52520MH2021PTC356777 and it is a Non-govt Company that is kind of Company Limited By Shares.

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• Mumbai Travel Retail Private Limited to expand retail space by 30k sq.ft

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• Updated On Mar 20, 2024 at 01:11 PM IST

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• Published On Mar 20, 2024 at 01:11 PM IST

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‘The 100 Crore Club’ – Mumbai Travel Retail salutes record high sales in December

INDIA. Mumbai Travel Retail Private Limited has celebrated reaching a new monthly milestone in December: 100 Crore Rupees* or around US$12 million in sales.

The company is a joint venture between Adani Airports Holdings and Flemingo Group, created in 2021. The figure includes Mumbai Duty Free sales at Mumbai Chhatrapati Shivaji International Airport plus operations at five other airports in India, the company confirmed to The Moodie Davitt Report.

The performance of Mumbai Duty Free, which itself reached a record high for sales in the month, contributed heavily to the number.

The company hailed the 100 Crore milestone with photographs of the management and shop floor teams, led by Flemingo CEO Atul Ahuja, at the stores in Mumbai.

Mumbai Duty Free runs 17 stores at the airport across 6,627sq m of space. These stores cover categories include liquor, tobacco, beauty, food & confectionery, fashion & accessories, consumer technology and destination goods.

For details of the latest seasonal promotional campaign by Mumbai Duty Free, click here .

*One Crore denotes ten million in the Indian numbering system. ✈

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Much-respected drinks and travel retail executive Rupert Firbank has joined UK craft gin and rum producer Penrhos Spirits to drive its travel retail and export business. “This is another big step for our brand as we try to highlight the advantages of sustainable packaging in travel retail and duty-free,” said Co-founder Charlie Turner in a […]

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Financial Report - MUMBAI TRAVEL RETAIL PRIVATE LIMITED

• Revenue / turnover of MUMBAI TRAVEL RETAIL PRIVATE LIMITED is Over INR 500 cr
• Net worth of the company has increased by 72.56 %
• EBITDA of the company has increased by 570.18 %
• Total assets of the company has increased by 46.54 %
• Liabilities of the company has increased by 30.74 %

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FAQ - MUMBAI TRAVEL RETAIL PRIVATE LIMITED

The financial reports of MUMBAI TRAVEL RETAIL PRIVATE LIMITED include financial history (previous 5 Years), ratio analysis, management details such as directors & key persons of the company, shareholding & group structure details, mortgages & charges on MUMBAI TRAVEL RETAIL PRIVATE LIMITED.

The operating revenue of MUMBAI TRAVEL RETAIL PRIVATE LIMITED is in the range of Over INR 500 cr for the financial year ending on 31 March, 2023.

The EBITDA of MUMBAI TRAVEL RETAIL PRIVATE LIMITED has increased by 570.18 % over the previous year. At the same time, it's book networth has increased by 72.56 % for the financial year ending 31 March, 2023.

The price of financial report of MUMBAI TRAVEL RETAIL PRIVATE LIMITED prepared by Tofler is INR 799. It is an easy-to-read PDF report on the company that includes five year financial information, ratio analysis, management, group structure, shareholding pattern and more. Subscribe to the Tofler Company360 program for complete access to Tofler's database.

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Mumbai Travel Retail Pvt Ltd unveils its exciting new brand OSPREE

Mumbai travel retail private limited (mtrpl) has announced its rebranding to ospree..

The new brand identity ‘Ospree’ serves as MTRPL’s strategy to integrate all its duty-free holdings, including Mumbai, Thiruvananthapuram, Amritsar, Lucknow, Jaipur, Ahmedabad, and Mangalore, under one unified brand identity. MTRPL operates out of seven international airports in the country and plans to expand its global footprint.

The new brand identity takes a contemporary approach to redefine the shopping experience at Duty Free. The brand name OSPREE takes inspiration from the magnificent Osprey, a migratory bird known for its grace, precision, and boundless journeys across continents, reflecting the company’s ambitions. As you step into the world of Ospree, you embark on a voyage that transcends the ordinary.

Avishek Bambii Das, CEO of Mumbai Travel Retail Pvt Ltd, stated, “The mighty Osprey flies around 5000 miles to land in new territories, much like our company’s ambitions. As we plan to expand our global footprint, it’s imperative to integrate all our duty-free stores under one unified brand identity that resonates with our values and aspirations. My thanks go to all our valued brand partners, Beam Suntory, William Grants, Brown Forman, Mondelez, Nestle, Moet Hennessey, Bose, Coty, Travel Blue, Paul John, Radico, and D’yavol, for making this launch event a huge success.“

With its recent launches such as Kylie Cosmetics’ debut in Asia, Don Julio, supported by Asia’s first live DJ on the shop floor, D’YAVOL’s foray into the travel retail space, and flagship campaigns like the ‘Shop & Win’ MTRPL, MTRPL has consistently managed to stay ahead of the curve. From Indian products and craftsmanship to having many international brands on board, it is the first in the Asia-Pacific region to introduce some of the most premium brands, thanks to its brand partnerships.

Ospree will be the ultimate destination for global travellers seeking premium, elegantly curated products and re-defining duty-free shopping as a luxurious and convenient experience showcasing a diverse array of premium products. This new identity represents a significant step for the brand towards fostering a more approachable and personal connection with customers.

Now, with a proactive approach towards streamlining their identity, the rebranding sets forth the objective of ‘One distinguished identity’, reflecting their ambition.

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Mumbai Travel Retail Pvt Ltd Unveils its Exciting New Brand OSPREE

Mumbai Travel Retail Private Limited (MTRPL) is pleased to announce its rebranding to OSPREE as a strategic move to unify its brand identity and redefine the duty-free shopping experience. MTRPL’s plan to combine all its duty-free assets, including Mumbai, Thiruvananthapuram, Amritsar, Lucknow, Jaipur, Ahmedabad, and Mangalore, under a single brand name is embodied in the new brand identity, “Ospree.” MTRPL intends to increase its global footprint while operating out of seven international airports in the nation.

The new brand identity redefines the duty-free shopping experience with a modern approach. The company’s aspirations are reflected in the brand name OSPREE, which is inspired by Osprey, a migratory bird known for its grace, precision, and boundless journey across continents. As you step into the world of Ospree, you embark on a voyage that transcends the ordinary.

“The mighty Osprey flies around 5000 miles to land in new territories, much like our company’s ambitions,” said MTRPL CEO Mr Avishek Bambi Das. “It is essential that we integrate all our duty-free locations under a single brand identity that aligns with our goals and values as we intend to increase our global presence. My sincere gratitude to all our wonderful brand partners, Paul John, Radico, D’yavol, Mondelez, Moet Hennessey, Bose, Coty, Travel Blue, Beam Suntory, William Grants, Brown Forman, and Nestle, for making this launch event a huge success.

MTRPL has continuously been ahead of the curve with its recent releases, including the debut of Kylie Cosmetics in Asia, Don Julio, which was backed by Asia’s first live DJ on the shop floor, D’YAVOL’s entry into the travel retail industry, and flagship campaigns including ‘Shop & Win’ MTRPL. It is the first in the Asia-Pacific area to introduce some of the most premium brands, thanks to its brand partnerships, from Indian products and craftsmanship to having many international brands on board.

Ospree is set to become the ultimate destination for global travellers seeking elegantly curated luxury products. The brand is redefining duty-free shopping as a convenient and luxurious experience that showcases a wide range of premium products. This new identity represents a significant step for the brand towards fostering a more approachable and personal connection with customers.

They are now taking a proactive approach to streamline their identity, as demonstrated by the rebranding, which outlines their objective of having ‘one distinguished identity.’

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