FSS Aligns with RBI Vision, Powers Scalable Digital Finance with AI-Driven Platforms
By – Vishal Maru, Global Processing Head, Financial Software and Systems (FSS)
“The RBI’s May 2025 Bulletin reinforces the critical need for intelligent, scalable, and secure digital financial infrastructure. With UPI now handling over 18 billion transactions monthly and the Unified Lending Interface (ULI) set to redefine credit access, India is building the digital rails that will support its next phase of financial inclusion and innovation. As a leading bank-tech company, FSS is proud to be aligned with this national vision. Our cloud-native BLAZE platform and next-gen Card Management System are engineered to help banks and fintechs launch products faster, manage risk smarter, and scale confidently. Importantly, we are embedding Artificial Intelligence across our technology stack from dynamic fraud detection and smart transaction routing to AI-powered credit scoring modules enabling financial institutions to deliver more personalized, secure, and efficient services at scale.
The RBI’s focus on digital public infrastructure, formalization of financial systems, and data-driven policy outcomes validates the role of intelligent technology in reshaping banking. At FSS, we see ourselves not just as solution providers, but as co-architects of a future-ready ecosystem. By combining deep domain knowledge with AI-driven innovation, we’re equipping banks to meet evolving customer expectations and regulatory standards all while ensuring speed, security, and scalability.”
Lava Expands Budget Lineup with Bold N1 Pro and N1 Launch
New Delhi, May 29, 2025: Lava International Limited, the leading homegrown smartphone manufacturer, expanded its sub-₹10K online portfolio with yet another series designed to deliver best-in-segment 4G experience with Bold Series, debuting with two models, Bold N1 Pro, priced at ₹6,699* (inclusive of offer) and Bold N1. With this launch, Lava reinforces its commitment to introducing thoughtful innovations across its portfolio, offering every user greater choice and convenience.
NOT FOR THE FAINT-HEARTED. BUILT FOR THE FEARLESS.
The Bold Series stands as a declaration, not just a product line. In a world where conformity reigns, this series is a tribute to those who thrive on standing apart. It’s built for the fearless, for the ones who disrupt norms and demand more from technology, not just in performance, but in purpose. Backed by four core pillars: Audacious Design, Unimaginable Pricing, Meaningful Innovation, and Relatable Features, the Bold Series isn’t just about specs. It’s about making a statement.
Commenting on the launch, Mr. Sumit Singh, Head – Product, Lava International Limited, said, “The Bold Series reflects our deep belief that technology should be empowering, inclusive, and accessible to all. With both Bold N1 and N1 Pro, we’ve created smartphones that bring premium 4G features to the under-₹8K Segment. It’s a bold step toward redefining entry-level smartphones by delivering style, performance, and user-first innovation. This series enables an enhanced experience for every user, tapping into an underserved market and building deeper connections through a better product.”
BOLD N1 PRO
The Bold N1 Pro brings a premium experience to the entry-level category with its expansive 6.67-inch HD+ punch-hole display, 120Hz refresh rate, and a sleek design available in Titanium Gold and Stealth Black. Powered by the UNISOC T606 octa-core processor, it offers 4GB + 4GB# RAM and 128GB internal storage, expandable up to 256GB — ideal for users who multitask and store heavy media files. The smartphone is equipped with a 50MP AI triple rear camera and 8MP front camera with screen flash, making it a capable companion for photography enthusiasts.
Running on Android 14, it is backed by a 5000mAh battery with 18W fast charging support (10W charger in the box). The phone also includes features like side fingerprint sensor, Face Unlock, IP54 dust and water resistance, and Free Service@Home for complete peace of mind.
BOLD N1
The Bold N1, on the other hand, is tailored for users seeking clean and intuitive performance. It features a 6.75-inch HD+ display, 13MP AI dual rear camera, and a 5MP front camera, offering just the right balance of features for daily use. The phone runs on Android 14 Go edition, offering a bloatware-free interface, and is powered by an UNISOC Octa-Core processor. It comes with 4GB+ 4GB# RAM, 64GB storage, and is supported by a 5000mAh battery with Type-C 10W charging.
The device features a side-mounted fingerprint sensor, Face Unlock, and Anonymous Call Recording. With an IP54 rating, it offers protection against dust and water splashes. All of this comes in a premium glossy back design, available in stylish colour variants -Radiant Black and Sparkling Ivory.
TVS Supply Chain Solutions FY25 Revenue grows 8.6%
Chennai, 29th May 2025: TVS Supply Chain Solutions Limited , a global supply chain solutions provider and one of the largest and fastest growing integrated supply chain solutions providers in India, today announced its consolidated financial results for the fourth quarter and full year ended March 31, 2025.
The Company reported a Profit Before Tax (PBT) of ₹13 Cr for Q4 FY25, up from ₹5 Cr in the same quarter last year. For the full fiscal year, PBT stood at ₹29.3 Cr, a significant turnaround from a loss of ₹36.1 Cr in FY24. Sequentially, the Company demonstrated strong momentum across key metrics, including EBITDA, PBT, and PAT, compared to Q3 FY25.
For the full year ended March 31, 2025, the Company narrowed its net loss to ₹9.7 Cr, a substantial improvement from (₹57.7 Cr) in FY24. This reflects continued operational discipline, focused business development efforts, and effective cost optimisation initiatives. Q4 FY25 Profit After Tax (PAT) was reported at (₹3.9 Cr), compared to a profit of ₹5.4 Cr in Q4 FY24. Revenue for the year reached ₹9,996 Cr, up from ₹9,200 Cr, marking a year-on-year (YoY) growth of 8.6%.
The company has two operating segments: Integrated Supply Chain Solutions (‘ISCS’) and Network Solutions (‘NS’). Below is the summary of the business and financial performance of the two operating segments, along with the summary of the consolidated financial performance.
Integrated Supply Chain Solutions (‘ISCS’):
Integrated Supply Chain Solutions segment (‘ISCS’) (Amount in ₹ Cr) |
Q4 FY25 |
Q4 FY24 |
Q3 FY25 |
Y-o-Y Growth Q4 |
Q-o-Q Growth Q4 |
FY25 |
FY24 |
Y-o-Y Growth FY25 |
ISCS Revenue |
1,421.0 |
1,379.5 |
1,301.1 |
3.0% |
9.2% |
5496.5 |
5240.0 |
4.9% |
ISCS Adj. EBITDA |
122.0 |
133.1 |
114.1 |
(8.4%) |
7.0% |
523.5 |
536.2 |
(2.4%) |
ISCS Adj. EBITDA margin % |
8.6% |
9.6% |
8.8% |
— |
— |
9.5% |
10.2% |
— |
n the ISCS segment, overall revenue grew 4.9% in FY25. North America operations remained strong, contributing consistently to the segment’s performance. India portfolio stayed resilient and supported stronger bottom-line margins.
Network Solutions Segment (‘NS’):
Network Solutions segment (‘NS’) (Amount in ₹ Cr) |
Q4 FY25 |
Q4 FY24 |
Q3 FY25 |
Y-o-Y Growth Q4 |
Q-o-Q Growth Q4 |
FY25 |
FY24 |
Y-o-Y Growth FY25 |
NS Revenue |
1,077.9 |
1,046.8 |
1,143.5 |
3.0% |
-5.7% |
4,499 |
3,960 |
13.6% |
NS Adj. EBITDA |
49.5 |
47.0 |
42.4 |
5.2% |
16.6% |
168.6 |
185.8 |
-9.3% |
NS Adj. EBITDA margin % |
4.6% |
4.5% |
3.7% |
— |
— |
3.7% |
4.7% |
— |
The NS segment reported a revenue of ₹1,078 Cr in Q4 FY25, up from ₹1,047 Cr, in the same quarter last year, reflecting a 3% YoY growth. For the full year ended March 31, 2025, revenue from the segment reached ₹4,499 Cr, representing a robust 13.6% increase over FY24.
Summary of Consolidated Financial Performance:
In ₹ Cr |
Q4 FY25 |
Q4 FY24 |
Q3 FY25 |
Y-o-Y Growth Q4 |
Q-o-Q Growth Q4 |
FY25 |
FY24 |
Y-o-Y Growth FY25 |
Revenue from operations |
2498.8 |
2,426.3 |
2,444.6 |
3.0% |
2.2% |
9995.7 |
9200.0 |
8.6% |
Adj. EBITDA |
156.4 |
174.5 |
150.3 |
-10.4% |
4.0% |
667.4 |
710.2 |
-6% |
Adj. EBITDA margin % |
6.3% |
7.2% |
6.1% |
|
— |
6.7% |
7.7% |
— |
PBT before exceptional items |
13.0 |
5.0 |
-15.2 |
161.7% |
— |
29.3 |
-9.6 |
— |
PBT as reported |
13.0 |
5.0 |
-15.2 |
161.7% |
— |
29.3 |
-36.1 |
— |
PAT as reported |
-3.9 |
5.4 |
-23.8 |
— |
— |
-9.7 |
-57.7 |
— |
PAT margin % |
-0.2% |
0.2% |
-1.0% |
— |
— |
-0.1% |
-0.6% |
|
Commenting on the performance, Ravi Viswanathan, Managing Director, TVS Supply Chain Solutions Ltd., said, “We delivered a strong performance this year in a challenging macroeconomic environment. Our consistent focus on deepening engagement with marquee clients has been pivotal in driving our growth. In FY25, we secured ₹1,009 Cr worth of new contracts, underscoring the effectiveness of our business development initiatives. Our Global Fortune 500 customer base expanded from 78 to 91, a testament to the trust leading organisations place in our capabilities.”
He further added, “With a record-high order pipeline of ₹5,250 Cr, we are entering the new fiscal with strong momentum and enhanced visibility. We are optimistic that our strategic initiatives will deliver results in FY26 and beyond and continue on our upward growth trajectory towards achieving a PBT margin of 4%.”
R Vaidhyanathan, Global Chief Financial Officer, TVS Supply Chain Solutions Ltd., said, “We closed FY25 with a positive operating cash flow of ₹195 Cr, underscoring our focus on financial discipline and efficient working capital management. Compared to Q3, we made a strong recovery in Q4 across all the regions, which enabled us to close this quarter with a PBT of ₹13 Cr as compared to a (₹15 Cr) loss in the preceding quarter. On a full-year basis, our PBT improved to ₹29 Cr in FY25, compared to a loss of ₹10 Cr in FY24. Looking ahead, we remain committed to driving operational leverage through strategic cost take-out initiatives across regions that will improve our profitability and sustain strong cash flow generation to further strengthen our financial position.”
Appy Pie Launches PixelYatra: Hindi-Trained AI for Regional Design
New Delhi, 29th May 2025 — Appy Pie has launched PixelYatra, Bharat’s first-of-its-kind AI model trained specifically in the Hindi language for generating cards, banners, posters, and social creatives. Built on Appy Pie’s flagship model, PixelForge, PixelYatra brings vernacular intelligence to generative AI—empowering users across Bharat to design compelling visuals using simple Hindi prompts.
With this launch, Appy Pie becomes one of the first AI platforms to infuse Bharat’s linguistic and cultural identity into visual design, bridging a critical gap in accessibility for the next billion users from Tier 2 and Tier 3 cities.
“PixelYatra is built for Bharat,” said Abhinav Girdhar, CEO of Appy Pie. “It understands the language, the emotion, and the cultural nuance behind every prompt. Whether it’s a wedding invite, a Diwali card, or a local shop banner, PixelYatra enables anyone to create beautiful visuals in Hindi—instantly and effortlessly.”
Built for Bharat’s Cultural & Visual Identity
PixelYatra has been trained on a diverse and inclusive dataset comprising:
• Devanagari script input
• Context-rich Hindi phrases like शुभकामनाएं (best wishes), बिक्री (sale), आमंत्रण (invitation)
• Templates inspired by festivals, traditions, and regional use cases such as religious banners, political posters, and local business creatives
This makes it especially powerful for Bharat’s smaller towns and rural areas, where local languages dominate digital expression.
Use Cases That Matter Across Bharat
With PixelYatra, users can effortlessly generate:
• Festival greetings: Diwali, Holi, Eid, Raksha Bandhan, Janmashtami
• Wedding and family function invitations
• Sale banners and shopfront creatives
• Birthday and celebration posters
• Social media creatives in Hindi for influencers and entrepreneurs
PixelYatra is ideal for print shops, local vendors, coaching centers, mandaps, and more—offering professional-grade visuals without the need for a graphic designer.
Part of Appy Pie’s Growing Generative AI Suite
PixelYatra joins Appy Pie’s rapidly expanding family of AI-first creative tools:
• PixelForge – Text-to-image generation
• Vibeo – Text-to-video and image-to-video generation
• Flawless Text – AI-driven typography engine
• PixelYatra – Regional design generation with Hindi fluency
Together, these tools embody Appy Pie’s mission to make AI-powered content creation accessible, affordable, and locally relevant to Bharat.
Social Beat Secures SEO and Content Mandate for Iconic Retail Brand Pothys
Chennai, India – May 29, 2025: Social Beat, India’s leading digital growth partner, has won the SEO and content marketing mandate for Pothys, one of South India’s most iconic textile and retail brands. This strategic collaboration aims to amplify Pothys’ digital presence, enhance organic visibility, and drive meaningful customer engagement across India and beyond.
With deep expertise in search engine optimization and content strategy, Social Beat will work closely with Pothys to craft a comprehensive SEO roadmap and high-performing content initiatives. The goal is to elevate the brand’s online footprint while aligning with its legacy of quality, tradition, and innovation in the textile space.

Vikas Chawla, Co-Founder, Social Beat, expressed enthusiasm about the partnership: “Partnering with Pothys is an exciting opportunity to bring together tradition and technology. Through our focused SEO and content strategies, we aim to drive long-term growth by making the brand more discoverable and relevant in today’s digital-first world.”
Varun Ramesh, Director, Pothys, added: “As consumer journeys become increasingly digital, it’s essential for us to stay ahead with a robust organic strategy. We’re confident that Social Beat’s proven capabilities in SEO and content will help us reach our audience in more impactful ways and reinforce the Pothys brand story online.”
This partnership marks a significant step in Pothys’ digital journey as it continues to evolve with the changing retail landscape while staying rooted in its heritage and customer-first philosophy.
About Social Beat:
Founded in 2012, Social Beat is a digital growth partner, enabling brands to rise to the impossible. They drive business outcomes with a 300+ strong team of digital experts across Bengaluru, Mumbai, NCR, and Chennai. They are India’s fastest-growing independent digital marketing solutions company and manage 4% of digital media investment in India. Social Beat is a Google Premier Partner, and Meta Business Partner and works closely with ecosystem partners like Amazon, Hotstar, Salesforce & LinkedIn. D2Scale is their center of excellence for commerce & omni channels brands to drive growth via D2C & Marketplaces. Influencer.in is their creator economy product driving discovery and real-time reporting of impactful influencer marketing campaigns. They work as extended growth teams with leading brands like Bharat Matrimony, Adani Wilmar, Jaquar, Indian Terrain, Samsonite, Mankind Pharma, Kalpataru Group, Go Colors, Mahindra Finance, JK Cement, Sundaram Mutual, Khazana Jewellery and with hyperscaling startups including boAt, Niyo, Gamezy, A23 Games, EaseMyTrip, Kapiva, Drools and Sukoon Health on driving business outcomes through a combination of creativity and performance.
Golden Growth Fund & Grovy India invest in three projects worth Rs 180 crore in South Delhi
New Delhi, 29 May 2025: Golden Growth Fund (GGF), a category II South Delhi premium real estate focused Alternative Investment Fund (AIF) and Grovy India, a BSE listed South Delhi-based real estate company have announced investment in three projects worth Rs 180 crore in South Delhi, one of India’s premier housing markets.
The investment has been made in Anand Niketan and Neeti Bagh, while the third project, in another Category A colony in South Delhi, is expected to come up in the next four months.
The cumulative area of the three projects is approximately 70,000 sq. ft. The construction on the project in Anand Niketan commenced in January 2025 while the same in Neeti Bagh will begin next month.
The sales potential of the three projects is the tune of approx. Rs 240 crore.
Ankur Jalan, CEO, Golden Growth Fund said, “These investments in South Delhi reiterates our commitment to developing and delivering not just high-quality projects but also ensure a safe and stable 20%+ IRR to our investors. The non-volatile nature of the South Delhi real estate market has led to increased investment with discerning buyers looking to invest in upscale neighbourhood with homes that offer state-of-the-art amenities and privacy. To add to it, excellent connectivity to airport and prime office destinations in Delhi-NCR make it a lucrative destination. As a result, the past few years have seen increased redevelopment in prime South Delhi colonies and exceptional price appreciation.”
South Delhi has around 18,500 privately owned residential plots, categorised as A, B, C and others by MCD, with current market value of Rs 5.65 lakh crore, presenting a huge opportunity for project development.
The average price of plots in Category A colonies range from Rs 7-15 lakh per sq. yd. while the average price in Category B colonies range from Rs 6-12 lakh per sq. yd.
“The Fund has received a very good response. GGF is the only fund that is focussed on South Delhi real estate market and that gives us the first-mover advantage in this vast landscape of South and Lutyens Delhi,” Jalan added.
Golden Growth Fund launched a real estate focussed AIF in September 2024 with a commitment to raise Rs 400 crore to acquire land in South and Lutyens Delhi, making it the only fund to invest in this end-user, niche and lucrative real estate market.
Grovy India limited was established in the year 1985 and has since then developed and delivered over 100 luxury projects in South Delhi.