Umiya Buildcon Posts Strong Q1 FY26, Bolsters Hybrid Revenue Strategy
Bengaluru, 9 July 2025: Umiya Buildcon Limited , a publicly listed dual-sector company, today announced its financial results for the first quarter of FY2026.
For the quarter ending 30 June 2025, Umiya Buildcon reported a 17% year-on-year increase in Revenue from Operations at ₹12.82 crore, compared to ₹10.89 crore in Q1 FY25. The adjusted EBITDA for Q1 FY 26 stood at ₹42.12 crore, reflecting 745% YoY growth, driven by higher operating efficiencies and strategic asset monetisation initiatives.
The Company also reported key operational updates for the quarter, reinforcing its commitment to a hybrid growth model that leverages two revenue engines — high-margin real estate and telecom and networking solutions backed by in-house R&D.
During the quarter, the Company successfully monetised a non-core manufacturing property in Electronics City, Bengaluru, unlocking ₹40.5 crore in value.
This divestment is part of Umiya Buildcon’s strategy to reallocate capital towards growth levers across both business verticals. The proceeds will be used to:
(i) Establish a new, cost-efficient manufacturing facility with improved access to skilled talent.
(ii) Advance R&D and product development in its telecom and networking vertical with emphasis on indigenisation and the Make in India mission.
(iii) Accelerate execution of its ultra-premium real estate pipeline in North Bengaluru and Goa.
“It has been a remarkable first quarter for Umiya Buildcon. The successful closure of our asset monetisation is not just a financial milestone but a strategic move that strengthens our capital position and accelerates our roadmap across both real estate and Telecom/Networking. We are confident that the hybrid model we’ve built spanning two distinct and high-potential revenue streams will continue to unlock long-term shareholder value,” said Aniruddha Mehta, Chairman and Managing Director, Umiya Buildcon Ltd.
Real Estate Business Momentum
The Company entered the premium real estate segment under the Umiya brand with the launch of a RERA-approved boutique project in Candolim, Goa. Located on a prime beachfront site, the project blends privacy and boutique living in one of India’s most sought-after coastal destinations. The Company is also exploring developments in Benaulim, Goa and North Bengaluru, targeting affluent homebuyers and urban professionals.
Among Umiya’s core differentiators is its in-house execution model, which spans the entire project lifecycle—from architectural design and structural engineering to site supervision and interior planning. This integrated approach ensures quality control, accountability, and timely delivery across every stage of development.
As part of its strategic vision, the Company has divested non-core assets while relocating its telecom and network equipment manufacturing operations to a more cost-effective location to enhance operational efficiency and capital redeployment.
Telecom and Networking: Public Sector and Innovation Focus
Umiya Buildcon has been expanding its telecom and networking business under the MRO-TEK brand—a DoT-approved Trusted original equipment manufacturer and system integrator with over 40 years of experience. The Company maintains 1,500+ network links across India through large-scale WAN deployments for government agencies. These networks are monitored in real-time via four on-site Network Operations Centres and its proprietary software platform Omni-Eye, designed to meet stringent service-level agreements.
In Pondicherry, the Company deployed its advanced Falcon-Eye Unified Threat Management (UTM) devices across the State Wide Area Network (SWAN). This connects government departments and offices over a BSNL MPLS backbone and is secured with features like intrusion prevention, gateway firewall, URL filtering, application control, and ISP-level routing protection, ensuring robust and compliant digital governance infrastructure.
The Company has also executed major projects for Western Coalfields Limited and Bharat Coking Coal Limited, both subsidiaries of Coal India. These networks provide ERP connectivity across wide geographies, with post-deployment support handled through MRO-TEK’s managed services stack.
Umiya Buildcon is committed to the Make in India mission, with all core networking products—including routers, switches, UTMs, and the Omni-Eye platform—designed, developed, and manufactured at its in-house electronics facility in Bengaluru.
Defence Readiness and Indigenous Product Development
The Company is strengthening its telecom innovation pipeline through indigenised solutions. This quarter, the Company completed in-house development of a TDMoIP (Time Division Multiplexing over IP) product for a major Indian defence system integrator. The device cleared Army field trials in extreme conditions and is now positioned for upcoming tenders, with strong potential for international demand. Umiya Buildcon also advanced its product roadmap with the development of a 1G switch and upcoming 10G and 40G variants, all backed by its DSIR-approved R&D centre and manufactured at its Bengaluru facility.
“We’re proud to have cleared Army field trials for our TDMoIP product, built entirely in-house for the Indian defence ecosystem. It’s a strong validation of our R&D depth and the rugged reliability of our platforms. Alongside, we’ve completed development of our 1G switch and are now focused on scaling up to 10G and 40G. These innovations reflect our long-term commitment to Make in India and building globally competitive telecom and networking solutions to scale up value and growth in our Telecom & Network Vertical,” said Group Captain CS Krishnadas (Retd), Chief Operating Officer, Umiya Buildcon Limited.
Looking ahead, Umiya Buildcon aims to:
● Operationalise its new manufacturing site for improved cost-efficiency
● Accelerate ongoing real estate developments
● Expand its defence portfolio with next-gen IP-based networking products
With deep operational experience, internal innovation, and a strategic hybrid model, Umiya Buildcon is well-positioned to deliver resilient, high-yield growth across the electronics and real estate sectors.
Hero Realty partners with VDO.AI to digitally engage premium homebuyers
Gurugram, July 8, 2025: Hero Realty, one of India’s fastest-growing real estate developers, partnered with VDO.AI, a leading advertising technology innovator, to launch a high-impact video campaign across Delhi-NCR using its proprietary Online Video (OLV) Ad Technology to engage high-intent homebuyers.
Leveraging VDO.AI’s intelligent and immersive video ad ecosystem, Hero Realty successfully connected with urban, aspirational consumers seeking quality, trust, and future-ready living spaces.
On the successful completion of the association, Amitt Sharma, Co-founder & CEO, of VDO.AI, said, “This partnership gave us the opportunity to apply cutting-edge, AI-driven OLV technology to a traditionally offline sector. We’re excited to have helped Hero Realty reach their target audience with smart targeting and engaging ad formats that possess the ability to engage and convert high-intent homebuyers across Delhi NCR .”
Karan Kumar, Chief Marketing Officer at Hero Realty, said, “At Hero Realty, we are committed to engaging India’s evolving homebuyers through digital-first storytelling. In an increasingly crowded digital landscape, relevance is everything. Our pilot campaign with VDO.AI delivered exactly that, marrying contextually intelligent video placements with the amplification of our campaign narrative. Their AI-powered OLV solution helped us reach the right audience at the right moment with messaging that mattered. VDO.AI proved to be a capable and performance-focused partner in this ambition. Their ability to blend creative precision with smart delivery stood out, and we’re very satisfied with the results. We look forward to building on this momentum in future campaigns.”
Akshay Chaturvedi, Chief Business Officer, VDO.AI, said, “Real estate marketing requires a different approach, one that understands the emotional weight of homebuying decisions. Our forte is to help brands move beyond traditional advertising to create authentic connections with audiences when they’re most receptive. The success with Hero Realty showcases how strategic video storytelling, powered by contextual precision, can drive genuine engagement and deliver tangible results for brands navigating today’s complex digital landscape”.
This collaboration underscored Hero Realty’s continued focus on leveraging digital-first strategies to connect with India’s new-age homebuyers and VDO.AI’s growing role as a trusted partner for performance-driven video storytelling.
Barracuda Unveils Entra ID Backup Premium to Safeguard Identity Data
India, 09th July 2025 — Barracuda Networks, Inc., a leading cybersecurity company providing complete protection against complex threats for all sized businesses, today announced the launch of Barracuda Entra ID Backup Premium – a comprehensive, cost-effective solution to safeguard Microsoft Entra ID environments from accidental and malicious data loss. With fast, reliable recovery of vital identity data, the new offering strengthens cyber resilience and helps ensure secure, uninterrupted access to business applications and services.
Seamlessly integrated with the BarracudaONE platform, Barracuda Entra ID Backup Premium provides users with centralized visibility into backup status, data health and storage insights through a unified dashboard. It is built to support both single and multi-tenant environments, making it an ideal solution for IT teams and managed service providers (MSPs) looking to simplify and scale identity protection management.
“Identity is the control plane of today’s digital business – any disruption can halt operations and expose organizations to security risks,” said Neal Bradbury, chief product officer at Barracuda. “With Entra ID Backup Premium, we are closing a critical gap in the identity protection lifecycle by adding fast, reliable recovery to our proven detection and response capabilities. Unlike point solutions that focus only on backup or monitoring, Barracuda delivers a unified, end-to-end approach that makes Entra ID protection simpler, stronger and more resilient so organizations can stay secure, compliant and operational.”
Closing the Identity Protection Gap
As organizations increasingly rely on Microsoft’s cloud-based identity and access management platform, the risk of identity data loss – from cyberattacks or human error – continues to grow. Microsoft retains Entra ID data for only 30 days and recommends third-party backups. Barracuda Entra ID Backup Premium addresses this gap with long-term, scalable data preservation, empowering organizations to recover data well beyond Microsoft’s default limits.
Barracuda Entra ID Backup Premium protects the 13 most essential identity components needed to maintain a secure and resilient Microsoft Entra ID environment. This includes users, groups, roles, administrative units, app registrations, audit logs, authentication and access policies, BitLocker keys, device management configurations, and more.
“As a trusted MSP, we understand how essential Microsoft 365 is to our customers’ operations – which makes protecting and restoring Entra ID security components absolutely mission-critical,” said John Quatto, channel partner manager at Zobrio. “Ransomware attacks can cripple access to users, groups and core systems. With Barracuda Entra ID Backup Premium, Barracuda has closed a gap in identity and access protection. Its integration into the BarracudaONE platform delivers a comprehensive, unified cybersecurity solution that’s simple to deploy, easy to manage and built to scale – giving our customers the confidence to recover quickly and stay resilient against evolving threats.”
Easy to Deploy, Effortless to Use
The cloud-based, software-as-a-service (SaaS) solution is built for simplicity and speed – no installation, configuration or manual patching is required. Customers connect their Microsoft 365 tenant and start backing up Entra ID data in just minutes. Advanced search, real-time monitoring, detailed audit logs, and five levels of role-based access control (RBAC) provide the visibility and control needed to manage identity protection efficiently and securely.
Covasant Merges with konaAI and DCube to Advance Agentic AI in Risk Management
India, 9th July 2025: In a landmark move set to redefine the enterprise AI landscape, Covasant Technologies Private Limited, a pioneer in Agentic AI solutions based in Hyderabad, India, has announced its merger with two prominent US-based companies: konaAI, based in Texas, and DCube Data Sciences Corporation, based in California. This strategic fusion, driven by proven industry leaders, positions Covasant at the forefront of global innovation in intelligent compliance, cybersecurity, risk management, and data engineering for enterprises.
By integrating konaAI’s best-in-industry, AI-led compliance expertise and DCube’s coveted cybersecurity and eDiscovery strengths, Covasant is poised to significantly expand its services portfolio, reinforcing its commitment to delivering robust, end-to-end, AI-led enterprise governance solutions to its global clientele.
Powering the Next Wave of Enterprise AI
Covasant’s AI-led Services-as-Software delivery model integrates proprietary Agentic AI systems, predictive analytics, intelligent automation, and seamless data orchestration to empower enterprises to unlock value from data, make real-time decisions with confidence, and drive continuous innovation.
The company is helmed by C.V. Subramanyam, a serial entrepreneur renowned for his proven leadership and impeccable execution. Before founding Covasant, Subramanyam built Cigniti Technologies from the ground up, transforming it into a global powerhouse in digital assurance with over $250 million in revenue, a $500 million market capitalization, and a 5,000-strong workforce serving Fortune 500 clients globally. His proven track record of converting bold vision into high-growth reality sets the stage for Covasant’s ambitious future.
Speaking about the strategic merger, C.V. Subramanyam, Chairman and MD, Covasant Technologies, said, “We at Covasant are leading the charge in enterprise intelligence with Agentic AI. It’s about moving far beyond automation to embed AI into the very core of our clients’ business, delivering real and measurable business impact. This journey is massively accelerated by joining forces with konaAI and DCube. Their world-class expertise and Fortune 500 customer base is a perfect strategic fit, and we are excited to leverage these combined strengths to offer clients an unmatched suite of solutions for end-to-end Agentic AI adoption, significantly lowering their risk and improving business performance. This merger is a critical step in realizing our vision to become the definitive leader in Agentic AI-led Services-as-Software.”
Anil Kona, now the Chief Operating Officer & Executive Director at Covasant, brings a rare, cross-disciplinary perspective to the new entity. A serial entrepreneur and technology leader, his journey began with over a decade in law enforcement’s elite Special Intelligence Branch (SIB). He later translated this investigative mindset into pivotal roles at Deloitte and EY, leading high-impact teams in forensic analytics and fraud investigations. As the founder of konaAI and DCube, he has a distinguished history of delivering cutting-edge cybersecurity and legal tech solutions to a global clientele.
Anil Kona, Founder of konaAI and DCube, said, “At konaAIand DCube, our focus has always been on empowering global clients with a holistic approach to Enterprise Risk Management, enabling them to detect compliance anomalies, uncover fraud, waste and abuse across financial transaction ecosystems, and strengthening their cybersecurity posture. Joining forces with Covasant enhances our ability to harness advanced AI to deliver real-time, preventive compliance and risk solutions that drive stronger business outcomes.”
Navigating the Agentic AI Paradox: A Market at a Crossroads
This merger arrives at a pivotal moment for the global tech landscape. The Agentic AI market in India is poised for explosive growth, projected by Grand View Research to soar to USD $1,730.5 million by 2030 at a staggering 53.9% CAGR. However, this immense opportunity presents a critical paradox: as enterprises rush to adopt AI, they simultaneously open themselves up to new, complex risk vectors and significant implementation hurdles.
Industry analysts like Forrester have noted that a majority of enterprises will face setbacks in their agentic AI efforts due to a lack of clear strategy, data complexity, and robust governance. The very power that makes Agentic AI transformative, also makes secure and effective deployment a high-stakes challenge.
It is precisely this challenge that the Covasant merger is designed to solve. By fusing Covasant’s AI engineering prowess with konaAI’s intelligent compliance and DCube’s cybersecuritystrengths, the new entity directly confronts these adoption barriers with practical, highly scalable and easy-to-use solutions. It provides a unified platform and deep domain expertise that enable clients to harness the power of Agentic AI strategically and securely, maximizing business value while minimizing risk.
Hello Kids Revolutionizes Early Education with India’s Largest ‘No Royalty’ Preschool Chain
Bengaluru, India|July 9, 2025: Hello Kids, India’s pioneering early childhood education brand, has disrupted the preschool sector by becoming the country’s largest ‘No Royalty’ preschool chain. With over 1030 centers across 25+ states, the brand is making early education more accessible and affordable for both parents and aspiring edupreneurs.
At the heart of Hello Kids’ success lies its revolutionary zero-royalty franchise model, which enables individuals to start and operate preschools without the burden of ongoing royalty fees. This model has empowered hundreds of passionate educators and first-time entrepreneurs to launch preschools with minimal investment, significantly lowering the entry barrier in the education sector.
“Our mission has always been to democratize early childhood education in India,” said Mr. Pritam Kumar Agrawal, Founder and Director of Hello Kids. “Through the ‘No Royalty’ model, we are not only reducing the cost of entry for our partners, but also enabling a new generation of educators to make a meaningful impact in their communities.”
Hello Kids was established with the vision to blend global teaching practices with Indian values. Its child-centric curriculum combines the strengths of Montessori, Playway, and Gurukul methodologies, offering a well-rounded learning experience for children aged 1.5 to 6 years. The curriculum emphasizes not just academics, but also life skills, creative expression, and cultural grounding.
In addition to academic excellence, Hello Kids provides extensive support to its partners—from center setup and teacher training to branding, marketing, and digital resources. The curriculum is fully aligned with India’s National Education Policy (NEP) 2020, ensuring relevance and future-readiness.
The model has been especially impactful in Tier II and Tier III cities, where access to quality early education is often limited. By enabling preschools in smaller towns and semi-urban areas, Hello Kids is bridging a crucial gap in India’s educational landscape.
“We’re not just opening schools, we’re building a national movement that puts affordable, quality early education within reach for every child,” added Mr. Agrawal. “Our approach proves that education can be both impactful and inclusive.” With its innovative business model and unwavering focus on quality, Hello Kids continues to transform India’s preschool ecosystem empowering edupreneurs, delighting parents, and inspiring young learners across the country.
Major Developers Expands into RAK Central with Strategic Land Acquisition
Ras Al Khaimah, UAE, 9 July 2025: Major Developers announced the acquisition of a prime land parcel in RAK Central, Ras Al Khaimah’s new commercial and administrative hub.
The move marks a significant milestone in the company’s expansion strategy and underscores its commitment to supporting the emirate’s infrastructure-driven ambitions under RAK Vision 2030, Ras Al Khaimah’s strategic framework to achieve sustainable, diversified, and globally competitive growth.
“With RAK Central, we’ve created a mega-development that is structurally aligned with regional growth, global investment patterns, and national diversification goals. Major Developers’ decision to invest in this multi-use destination is a testament to Ras Al Khaimah’s growing clout as a durable economic engine driving further progress. We welcome their participation in the evolution of RAK Central and look forward to a landmark addition to its evolving identity,” said Abdulla Al Abdouli, Chief Executive Officer, Marjan.
“RAK Central represents a high-potential economic zone, and we see it as a natural extension of our growth strategy,” said Andrei Charapenak, CEO, Major Developers. “Every square foot we develop is driven by precision, performance, and investor confidence. This project enables us to deploy our design-led construction, financial foresight, and value-oriented execution in a district that reflects these very principles. Ras Al Khaimah’s infrastructure-first vision aligns seamlessly with our commitment to long-term capital appreciation, global partnerships, and regionally impactful development.”
Building on the success of its flagship Manta Bay development at Al Marjan Island, Major Developers is now extending its hallmark approach to RAK Central. This strategic acquisition further deepens the company’s alignment with the emirate’s long-term economic transformation and reflects a growing partnership with Ras Al Khaimah.
RAK Central stands out as a high-potential investment zone, offering 100% foreign ownership, low corporate taxation, and a future-ready master plan. Anchored in a ‘Work–Live–Play’ philosophy, the district is designed to attract regional headquarters, business expansions, and commercial operations through its integrated infrastructure and investor-friendly ecosystem.
The RAK Central master plan includes:
• Three million sq. ft. of rentable office space
• 4,000 residential apartments
• Four hotels offering 1,000+ keys
• Extensive parks, green spaces, and pedestrian zones
• Retail and entertainment precincts
• Over 1,000 visitor parking spaces across interconnected buildings
Development is already underway on RAK Central HQ, which will serve as the district’s primary business complex and anchor the wider commercial offering.
Major Developers identifies RAK Central as a focal point for investors seeking credible returns within a stable, growth-oriented ecosystem. The district’s diverse master plan positions it as a magnet for regional headquarters, business expansions, and commercial activity.
All aspects of Major Developers’ upcoming project in RAK Central will be guided by its founding principles: uncompromising quality, data-informed execution, and outcomes measured by long-term asset performance. From architectural identity to operational delivery, the project aims to raise the standard for real estate in the emirate.
With construction already underway at RAK Central HQ, Major Developers’ entry is set to accelerate RAK Central’s emergence as the emirate’s premier destination for business, investment, and high-performance real estate.
DPU Super Specialty Hospital, Pimpri, Pune Launches One-Stop Centre for Pancreatic Diseases
Pune , 9th July 2025: DPU Super Specialty Hospital, Pimpri, Pune is proud to launch a modern, all-in-one centre dedicated to the diagnosis and treatment of pancreatic diseases. This marks an important step in improving management of pancreatic diseases in India. It continues to lead the way with its focus on innovation and patient-first care. The new centre offers complete and well-coordinated treatment for serious conditions like acute & chronic pancreatitis, pancreatic cancer, and pancreatic cystic lesions.
Established under the hospital’s Integrated Centre for Pancreatic Diseases (ICPD), the new unit under the Department of Gastroenterology is designed to deliver early diagnosis, advanced treatment and holistic care for complex conditions such as acute and chronic pancreatitis, pancreatic cancer and pancreatic cysts.
The centre is equipped with cutting-edge diagnostic and therapeutic tools including Endoscopic Ultrasound (EUS), Endoscopic retrograde cholangio-pancreatography (ERCP), Extra-corporeal shockwave lithotripsy (ESWL), as well as high-resolution imaging and precision laboratory testing. What sets this initiative apart, is its fully integrated approach bringing together expert gastroenterologists, pancreatic surgeons, solid organ transplant team, interventional radiologists and endocrinologists to provide coordinated, patient-centric care.
Beyond treatment, the unit will also host specialist consultations, multidisciplinary board meetings to arrive at a consensus to manage complex pancreatic disorders. The team will also conduct educational programs for patients and families, ensuring that every individual receives informed, personalized attention at every step.
With this launch, DPU Super Specialty Hospital, Pimpri, Pune reinforces its commitment to raising the bar in super-specialty care, combining clinical excellence with compassionate service all under one roof.
Hon’ble Dr. (Mrs.) Bhagyashree Patil, Pro Chancellor of Dr. D. Y. Patil Vidyapeeth (Deemed to be University), Pimpri, Pune, said, “The strength of any healthcare institution lies in its ability to offer comprehensive, compassionate and timely care. With this all-in-one advanced centre for pancreatic diseases, we are taking a transformative step forward in early detection, integrated treatment and holistic patient support—all under one roof. This initiative reflects our commitment to delivering world-class healthcare that prioritizes precision, accessibility and patient well-being.”
Hon’ble Dr. Yashraj Patil, Trustee and Treasurer of Dr. D. Y. Patil Vidyapeeth (Deemed to be University), Pimpri, Pune, said, “We are proud to reach this important milestone, which reflects our commitment to cutting-edge healthcare and social responsibility. Pancreatic issues, particularly common in men as they age, require timely and coordinated care. With this advanced centre, we can offer seamless treatment under one roof for patients of all age groups. Our mission remains rooted in compassion and delivering the best care possible.”
Dr Debabrata Banerjee, Head of Department of Medical Gastroenterology at DPU Super Specialty Hospital, Pimpri, Pune said, “We are happy to offer this advanced centre for pancreatic care, which is especially helpful for people coming from far-off places. With all services under one roof, we make it easier to detect issues early, provide the right treatment and offer complete support. We are committed to delivering quality healthcare that is accessible and focused on the well-being of every patient.”