Haryana, 31 January 2025: ZELIO E Mobility, a leading player in India’s electric two-wheeler market, has announced a strategic partnership with Ecofy, India’s first green-focused Non-Banking Financial Company (NBFC). This tie-up aims to make electric vehicles (EVs) more accessible and affordable for customers across the country, enabling them to purchase ZELIO’s popular models, including the X-Men, Gracy, Eeva, and Mystery. The partnership comes shortly after ZELIO’s association with LoanTap, a leading online personal loan platform, further enhancing their financing options for customers.

The Ecofy financing scheme offers a host of benefits for ZELIO E Mobility’s dealers, providing them with tools to boost sales and engage with customers effectively. Customers can enjoy low-interest rates, a quick approval process, and customizable EMI options, making EV purchases more accessible. The entirely digital and paperless financing process allows for a smooth, hassle-free loan application, setting it apart from traditional methods. Additionally, the accessibility of the Loan & EMI Monitoring App ensures customers stay informed and in control of their repayment schedules.

Mr. Kunal Arya, Co-Founder and Managing Director of ZELIO E Mobility Ltd., stated, “As the demand for electric two-wheelers rises, many customers are seeking affordable financing options to manage the upfront cost of these vehicles. Our partnership with Ecofy directly addresses this need by offering flexible and competitive financing plans, making electric two-wheelers more accessible. This collaboration reinforces our commitment to promoting sustainable mobility and providing customers with a seamless path to adopting eco-friendly transportation solutions.”

ZELIO E Mobility is committed to ensuring that its dealers have the resources they need to successfully promote and explain ECOFY’s financing options. Dealers will undergo specialized training programs to fully understand the financing products and assist customers in navigating the application process. Digital tools such as QR codes will simplify loan access, and dedicated field support will be available to address any questions. Marketing materials, including brochures and posters, will help dealers communicate the financial and environmental benefits of eco-friendly purchases effectively.

To further incentivize customers, special promotions and limited-time offers will be available under the ECOFY financing scheme. These promotions include lower interest rates, extended loan tenures, and waived processing fees, all designed to encourage more people to make the shift to electric two-wheelers. ZELIO E Mobility also plans to monitor the success of its partnership with Ecofy through several key performance indicators, including sales metrics, customer satisfaction, and dealership performance.

Since its inception, ZELIO E Mobility has established itself as a frontrunner in the electric two-wheeler market. With a customer base of over 200,000 riders and more than 273 dealerships, ZELIO is rapidly growing its presence across India. The EV two-wheeler brand is focused on expanding its market share and reaching more customers, with plans to increase its dealership network to 400 locations by March 2025.

Mumbai, India – January 31, 2025 – IceWarp has been recognized with the CIO CHOICE 2025 Honor and Recognition as the most Trusted ICT Brand by CIOs and Digital Leaders in the Enterprise Email category.

Now in its 13th year, CIO CHOICE continues to be the most prestigious and only discovery recognition platform, honoring ICT brands for their excellence in product and service innovation, customer-centric approaches, and efficient delivery, selected based on the stated preferences of CIOs and ICT Decision Makers.

This distinguished recognition was bestowed at the exclusive CIO CHOICE 2025 Red Carpet Night, produced by CORE Media, with KPMG as the Knowledge Partner.

This year’s event brought together over 400 CIOs and Digital Leaders from across the country, making it a truly remarkable gathering of industry influencers.

CIO CHOICE is known as the ‘Seal of Trust,’ given to ICT brands by the very CIOs and Digital Leaders who rely on them.

The winning brands are selected through a unique pan-India voting platform, where CIOs and Digital Leaders nominate and vote for their most trusted and preferred brands, based on their firsthand experiences and top-of-mind recall. A distinguished Advisory Panel of seasoned CIOs from various industry sectors oversees and guides the entire process, ensuring its integrity and credibility.

This year’s advisory panel consisted of 10 distinguished CIOs and Digital Technology leaders:

• Aasish Kshetry, CIO & VP – IT, Asian Paints
• Dheeraj Sinha, EVP and Global CIO, Sun Pharma
• Jyothirlatha B, CTO, Godrej Capital
• Narendra Sonawane, SVP, Global Head, IS, Infosys
• Ramesh Narayanaswamy, CTO, Aditya Birla Capital
• Rohit Kilam, CTO, HDFC Life
• Rucha Nanavati, CIO, Mahindra Group
• Subhash Kelkar, CIO, BSE
• Vinod Sivrama Krishnan, CDIO, Essar Capital
• Vishal Bhatia, CDO, Canara Bank

Anoop Mathur, Founder of CORE Media said “Congratulations to IceWarp for earning the prestigious CIO CHOICE 2025 Trust Seal. This recognition is a true reflection of the brand‘s commitment to delivering exceptional experiences to enterprise customers. The trust bestowed upon IceWarp by India’s CIOs and Digital Leaders, amidst shifting consumer trends in a dynamic economy, is truly commendable. In a time where technology propels business advancement, the CIO Choice accolade solidifies IceWarp‘s position as an industry pioneer.”

The pharmaceutical (Pharma) and medical technology (MedTech) industries are evolving rapidly, driven by technological innovations, shifting regulatory landscapes, and changing patient needs. Here are some of the top trends to watch in 2025:

1. Artificial Intelligence (AI) and Machine Learning (ML) Integration

Drug Discovery & Development: AI and ML are accelerating drug discovery, identifying promising drug candidates faster and at lower costs by analyzing vast amounts of data to predict molecular behavior.

Personalized Medicine: AI tools help tailor treatments based on individual genetic profiles, improving efficacy and minimizing side effects.

Diagnostic Tools: AI-powered imaging and diagnostic systems are enhancing the accuracy and speed of disease detection, especially in fields like oncology and cardiology.

2. Sustainability and Green Practices

Eco-Friendly Packaging: Both Pharma and MedTech companies are focusing on reducing their environmental impact by transitioning to biodegradable, recyclable, and eco-friendly packaging for drugs and medical devices.

Sustainable Manufacturing: With growing attention on reducing carbon footprints, the focus is shifting toward green chemistry and sustainable manufacturing processes in drug and device production.

3. Regenerative Medicine & Cell Therapies

Stem Cell Research: Advances in stem cell therapies are opening new possibilities in the treatment of chronic diseases, injuries, and age-related conditions.

Gene Editing: Technologies like CRISPR are becoming more refined, offering potential for curing genetic disorders and personalizing treatments.

Tissue Engineering: The development of bioprinted tissues and organs, along with other regenerative techniques, may reduce organ shortages and provide alternatives to traditional organ transplants.

4. AI-Driven Healthcare Robotics

Surgical Robots: Robots are becoming more precise and minimally invasive in surgeries, leading to faster recovery times and fewer complications. Robotic surgeries and automated assistance tools are expected to see widespread adoption.

Robotic Caregiving: Robots designed to assist elderly or disabled individuals with daily tasks are gaining traction, improving quality of life and reducing caregiver burden.

5. Telemedicine & Remote Patient Monitoring

Post-Pandemic Growth: Telehealth remains a key trend, with many healthcare systems adopting it as a permanent feature. Remote consultations, monitoring, and follow-up care are streamlining healthcare delivery.

Wearables & IoT Devices: Wearables that track vital signs, glucose levels, heart rate, and other metrics will continue to grow, offering real-time data that can be used for early intervention.

Virtual Clinical Trials: The use of telemedicine and remote monitoring in clinical trials enables a wider pool of participants, reduces costs, and allows for quicker recruitment and data collection.

6. Advanced Diagnostics & Point-of-Care Testing

Non-Invasive Tests: Advancements in diagnostic tools, including liquid biopsies and home diagnostic kits, allow for non-invasive testing to detect diseases earlier, such as cancers, heart conditions, and infections.

Point-of-Care (POC) Devices: Devices that provide real-time diagnostic results at the point of care, such as in clinics, pharmacies, or even at home, are expected to become more advanced and accessible.

7. Digitization and Data Analytics in Pharma

Big Data in Pharma: Data analytics is becoming essential in understanding patient outcomes, streamlining drug development, optimizing manufacturing processes, and enhancing supply chain management.

Real-World Evidence: Real-world data is being used to better understand drug efficacy and patient outcomes beyond controlled clinical trials, leading to more informed regulatory decisions and treatment plans.

8. Mental Health and Digital Therapeutics

Mental Health Focus: There is growing recognition of mental health conditions, particularly in the context of the post-pandemic world. Digital therapeutic solutions, such as apps and online platforms for managing conditions like anxiety, depression, and PTSD, are gaining prominence.

Psychiatric Digital Health: Digital tools for therapy and medication management, along with advancements in neurostimulation devices and wearables, will shape mental health care in 2025 and beyond.

Mumbai, 31 January 2025: SILA, a leading player in facility management and real estate services, has teamed up with Schbang to launch a ground-breaking campaign that challenges societal perceptions of housekeepers. This initiative encourages audiences to reflect on their behaviours and biases, driving home the importance of treating housekeeping staff with the dignity and respect they deserve.

Despite the societal acknowledgment of housekeepers’ contributions, genuine respect often remains superficial. SILA and Schbang’s campaign seeks to disrupt this cycle by illuminating everyday hypocrisies and encouraging people to align their actions with their words.

The key component of this effort is a thought-provoking film ‘Sachh Hi Swachh Hai’ put together by Schbang. The narrative centers on a professional who, while fervently advocating for cleanliness workers in a work conference, unintentionally exposes his own prejudices at home. He is forced to consider his behaviour after having this epiphany, which results in the moving message:

“Swachh Banane Se Pehle Hume Sach Banna Hoga.”

The film emphasizes SILA’s continued commitment to transforming lives, as the company has already trained and employed over 27,000 Facility Management professionals in 125 cities across India.

Runa, the leading global fintech infrastructure for the next generation of payouts experiences, today announced its expansion into India, opening access to the country’s $8.9 billion gift card market. With this expansion, Runa allows its business customers the ability to easily send instant, domestic and cross-border payouts to consumer recipients in India, dramatically reducing the traditional barriers of cost and complexity.

India’s rapid digital payment transformation—expanding at a notable rate of 44% CAGR by transaction volume from 2017 to 2024—paired with a surge in cross-border consumer transactions, which grew by 121% in the last nine months of 2024 alone, has created a strong demand for alternative consumer payout solutions.

By unlocking access to India, Runa emerges as a strategic partner for companies looking to tap into India’s thriving gift card sector for consumer disbursement, rewards, recognition and incentives. With the Indian market growing by 15.3% year over year, Runa enables companies to simplify regulatory compliance, reduce foreign exchange risks, and provide flexible funding options when sending funds to Indian recipients.

“We’re proud to bring Runa to India, where digital payments and gift cards are transforming how people connect and transact,” said Aron Alexander, CEO of Runa. “India’s fast-growing market is full of opportunity, and we’re here to help businesses effortlessly join one of the world’s most exciting economies and connect with millions of new consumers.”

Through Runa’s technology, businesses can now deliver instant payouts via an expansive network of thousands of global and leading Indian merchants, including e-commerce giants like Amazon, Flipkart, Shoppers Stop and popular digital wallets like Amazon Pay. Runa’s customers benefit from:

• Real-Time Payouts: A streamlined solution for instant payments, eliminating the delays and costs associated with traditional cross-border transactions.
• Flexible Funding & Foreign Exchange Options: Mitigation of capital control risks and seamless transactions without the need to hold Indian Rupees.
• Built-in Regulatory Compliance: Comprehensive handling of Reserve Bank of India (RBI) guidelines, GST regulations, and data protection requirements.
• Extensive Merchant Network: A single integration granting access to top Indian and global merchants.

The expansion comes at a pivotal time, as The International Trade Administration reports that India is experiencing a digital payments revolution and e-commerce boom, fueled by rapid smartphone adoption, 650 million users in 2024, and internet connectivity extending to more than 950 million people.

“Runa has done all of the heavy lifting to pave the way for us to launch in India, sourcing popular merchants and alleviating the hassles and compliance challenges,” said Mike Bowles, Senior Director of Operations at Augeo Marketing. “We’re looking forward to launching our program into the Indian market.”

Performance Review for Q3 FY25 – Consolidated:

• Income from operations stood at Rs. 8,530.279 million (Q2 FY25: Rs. 8,161.920 million; Q3 FY24: Rs. 8,286.226 million)
• PBT is at Rs. 588.220 million for the period (Q2 FY25: Rs. 744.419 million; Q3 FY24: Rs. 919.217 million)
• PAT is at Rs. 411.044 million (Q2 FY25: Rs. 538.310 million; Q3 FY24: 704.143 million)
• Order intake during the quarter Rs.10,530 million (Q2 FY25: 9,210 million; Q3 FY24: Rs. 10,370 million)

Performance Review for 9M FY25 – Consolidated:

• Income from operations stood at Rs. 23,683.613 million (9M FY24: Rs. 24,477.138 million)
• PBT is at Rs. 2,121.444 million for the period (9M FY24: Rs. 2,544.371 million)
• PAT is at Rs. 1,791.161 million (9M FY24: Rs. 1,914.548 million)
• Order intake Rs. 28,620 million (9M FY24: Rs. 32,010 million)

Commenting on the Company’s performance, Mr. Shishir Joshipura, CEO & MD, Praj Industries said, “Our performance this quarter reflects resilience of the business in face of challenges on account of global volatility and uncertainty in the economy. On the strategic vectors, the company continues its positive journey as reflected in growing order book as well as constitution of orders in favour of increasing international business. Initial delays in readying the Mangalore facility have impacted the planned business activity for the GenX business in the current year, which we expect to recover as we move forward through the next financial year.”

Key Developments:

• The Board at its meeting held today, approved an appointment of Mr. Ashish Gaikwad as Managing Director- Designate for period of 5 years with effect from 3rd February 2025 in order to ensure smooth transition as Mr. Shishir Joshipura (CEO & Managing Director) will be completing his tenure on 30th June 2025.
• India’s First National Highway constructed using Bio-Bitumen Developed byPrajwas inaugurated Hon’ble Minister Shri Nitin Gadkari. Roads constructed with lignin-based bio-bitumen, blended at 15% can achieve a 70% reduction in greenhouse gas (GHG) emissions compared to conventional fossil-based bitumen.
• Prajboard has approved formation of JV with BPCL for setting up CBG plants across India. BPCL board has already approved this in their board meeting earlier this month.
• Received a significant international order to set up 50 KLPD Molasses to Ethanol plant in Tanzania, Africa.

Praj Industries Limited: Praj, India’s most accomplished industrial biotechnology company is driven by innovation, integration and delivery capabilities. Over the past four decades, Praj has focused on the environment, energy, and agri-process industry, with 1000++ customer references spanning 100+ countries across all 6 continents. BioMobility® and Bio-Prism® are the mainstays of Praj’s contribution to the global Bioeconomy. The BioMobility® platform offers technology solutions globally to produce renewable transportation fuel, thus ensuring sustainable decarbonization through circular bioeconomy. The company’s Bio-Prism® portfolio comprises of technologies for the production of renewable chemicals and materials, promises sustainability, while reimagining nature. Praj Matrix, the state-of-the-art R&D facility, forms the backbone for the company’s endeavors towards a clean energy-based Bioeconomy. Praj’s diverse portfolio comprises Bio-energy solutions, Critical process equipment & modularization, Breweries, Zero liquid discharge systems and High purity water systems. Led by accomplished and caring leadership, Praj is a socially responsible corporate citizen.

Ahmedabad, 31 January 2025: Adani Ports and Special Economic Zone Limited (APSEZ) today announced its results for the quarter and nine months ending 31^st December 2024.

Particulars (Rs Cr)	Q3 FY25	Q3 FY24	YoY	9M FY25	9M FY24	YoY
Cargo (MMT)	113	109	4%	332	311	7%
Revenue	7,964	6,920	15%	22,590	19,814	14%
EBITDA1	4,802	4,186	15%	14,019	11,820	19%
PAT2	2,518	2,208	14%	8,038	6,089	32%

“I am excited to share the fantastic momentum we have achieved during 9M FY25, driven by exceptional execution across 3 key areas of our business – market share gains coupled with volume-price mix increase, traction in logistics vertical, and operational efficiencies along with technology-led gains. On the logistics front, in line with our commitment earlier in the year, we launched a new trucking platform, which is being integrated across the rest of the logistics value chain and will make us a true integrated Transport Utility. We have also upgraded our FY25 EBITDA forecast to Rs 18,800-18,900 crores. Moreover, it is incredibly gratifying to be recognized by S&P Global CSA as one of the Top 10 companies globally in the transport industry. This prestigious recognition reflects our focus on imbibing sustainability across our operations,” said Mr. Ashwani Gupta, Whole-time Director & CEO, APSEZ.

Strategic highlights

• Started Trucking Management Solution (TMS), a technology platform that acts as a transformational marketplace + fulfilment solution to streamline supply chain for customers
• TMS offers an easy-to-use marketplace interface, handles end-to-end trucking workflows, can be seamlessly integrated with client systems, enables real-time tracking, and includes analytical tools for pricing and operational insights. TMS incorporates SLA-based fulfilment assurance across a wide range of fleet options, including full-load and partial-load shipments
• Closed Gopalpur and Astro Offshore transactions worth over Rs 4,600 crores
• Signed 30-year concession agreement to manage container terminal at Dar es Salaam Port, Tanzania
• Vizhinjam port commenced commercial operations, post extensive trials. During the trial period, the port handled 70+ vessels and 147,000+ containers
• Commenced O&M operations at Syama Prasad Mookerjee Port’s Netaji Subhas dock
• Placed India’s largest order for eight harbour tugs with Cochin Shipyard. The contract value is estimated at Rs 450 crores and deliveries are scheduled to begin in December 2026 and continue until May 2028

Operational highlights

• APSEZ clocked 332 MMT (+7% YoY) cargo volume in 9M FY25 led by growth in containers (+19% YoY), liquids and gas (+8% YoY) and dry and dry bulk cargo (iron ore, limestone, minerals, coking coal, etc.), partially offset by decline in imported non-coking coal
• All-India cargo market share for 9M FY25 stood at 27.2% (up from 26.5% in FY24). Container market share for 9M FY25 stood at 45.2% (up from 44.2% in FY24)
• Logistics continued to demonstrate momentum with growth across container volume (0.48 Mn TEUs, +9% YoY), bulk cargo (16.1 MMT, +13% YoY) and container volume handled at MMLPs (3,33,419 TEUs, +19% YoY)
• During November ’24, Mundra handled 396 vessels and executed 845 vessel movements, making it the highest ever monthly achievement by the port. Mundra port also exported a record breaking 5,405 cars in a single consignment during the month
• Gangavaram port launched container terminal operations with the inaugural EXIM vessel call of MV Synergy Keelung

 Financial highlights 

• Operating revenue grew by 14% YoY to Rs 22,590 crores. Ports revenue increased by 11% YoY to Rs 17,172 crores; Logistics revenue increased by 22% to Rs 1,852 crores
• EBITDA (excluding forex) increased 19% to Rs 14,019 crores. EBITDA margin increased to 62% (from 60% during 9M FY24).
• FY25 EBITDA guidance revised to Rs 18,800-18,900 crores
• APSEZ continues to maintain excellent financial discipline – net debt to TTM EBITDA stood at 2.1x (vs 2.3x in FY24)
• ICRA Limited reaffirmed the credit rating of long-term – fund based/non-fund-based limit and non-convertible debentures as [ICRA] AAA; stable and commercial paper as [ICRA] A1+
• India Ratings & Research reaffirmed the credit rating of non-convertible debentures and bank loans (long-term) as IND AAA/Stable and commercial paper and bank loans (short-term) as IND A1+
• S&P Global Ratings reaffirmed its rating at BBB- and revised outlook to “Negative” during the quarter. Moody’s Ratings reaffirmed investment grade rating ‘Baa3’ and revised its outlook to negative during the quarter
• Fitch Ratings reaffirmed APSEZ rating at BBB- and placed the long-term foreign-currency issuer rating and US dollar senior unsecured bonds on Rating Watch Negative during the quarter

ESG highlights

• APSEZ was ranked among the Top 10 global transportation and transportation infrastructure companies in the 2024 S&P Global Corporate Sustainability Assessment (CSA – scores as of 31st December), with a score of 68 (out of 100)—three points improvement over last year. APSEZ is now placed in the 97th percentile within the sector, improving from the 96th percentile in 2023.
• APSEZ was ranked among the Top 12 companies in transportation infrastructure by ISS ESG and was awarded ‘Prime’ status for the first time (making APSEZ equity and bond instruments eligible for responsible investments)
• APSEZ is targeting Net Zero by 2040. The company is on track to add 1,000 MW of new renewable capacity
• Krishnapatnam port received the 18^th ICC Environment Excellence Award 2024 in the Platinum category demonstrating commitment to sustainability and responsible practices

Awards and accolades

• Mundra port received the ‘Shipping Terminal of the year Award’ at the 11th International Samudra Manthan Awards 2024
• Mundra port received ‘Port of the year – containerized cargo’ at the EXIM Star Awards 2024
• Mundra port was recognized at the Kutch Business Excellence Award 2.0 for excellence in infrastructure development and collaborative CSR projects
• Krishnapatnam port won the ‘Sustenance Organization Award’ at the QCFI Tirupati Chapter Meet. This award recognizes commitment to quality and continuous improvement
• Ocean Sparkle was awarded ‘The Maritime Standard Excellence Award’ at the Esteemed Star of the Industry Awards
• Ocean Sparkle was named as ‘Best Employer of Offshore Fleet’ at the Seajob Indian Anchor Awards 2024

Mumbai, January 30, 2025 – Shree Cement, India’s third largest cement group by capacity, today announced its financial results for the quarter and nine months ended on 31^st December, 2024. The Company reported ₹ 4,235 crore of revenue and ₹ 947 crore of EBITDA.

Financial Highlight (Standalone)

Particulars	Quarter ended			% Change
	31st December,       31st December,      30th September, 2024                            2023                             2024			YoY       QoQ
Net Revenue from Operations	4,235	4,873	3,727	-13%	14%
Operating Profit (EBITDA)	947	1,234	593	-23%	60%
Profit after Tax	229	734	93	-69%	146%
Cash Profit	966	1,074	709	-10%	36%

Operational highlights (Standalone)

• Total sale volumes up by 15% from 7.60 million tonnes to 8.77 million tonnes on QoQ basis
• Power & fuel cost optimized by 9% to ₹913 crore v/s ₹ 1,001 crore in Q2’FY25 due to softer fuel prices and operational efficiency
• EBITDA jumped to ₹947 crore from ₹ 593 crore on QoQ basis
• Led by cost optimization and efficiency measures, total expenditure (excluding depreciation and interest) came down from ₹4,122/ tonne to ₹3,748/ tonne on QoQ basis
• Sales of premium products stood at 15.0% of trade sale volume vs 14.9% in Q2’FY25

Commenting on the company’s performance for the quarter, Mr. Neeraj Akhoury, Managing Director of Shree Cement Ltd., stated, “Our strategy of prioritizing premium, high value products coupled with sharp focus on brand enhancement, strengthening the dealer network and optimizing the geo-mix has enabled us to improve our sale volumes. The results of our continued emphasis on operational excellence, efficiency improvements, and cost optimization are evident in our streamlined production costs this quarter. Looking ahead, we remain committed to increasing the volume of our premium product offerings and maintaining our relentless focus on further cost optimization.”

Capex Plans

The Company’s ongoing expansion projects in Jaitaran, Rajasthan (6.0 MTPA), Kodla, Karnataka (3.00 MTPA), Baloda Bazar, Chhattisgarh (3.40 MTPA), and Etah, Uttar Pradesh (3.00 MTPA) are

nearing completion. The Company expects to commission all these projects in the first quarter of FY25-26. The Company is continuously working to identify suitable opportunities to achieve its goal of achieving > 80 MTPA capacity by 2028.

Sustainability initiatives

In Q3 FY’25, the Company continued its efforts to improve its performance regarding its commitment to operational excellence and sustainable growth. Key highlights are:

• The Company’s share of green electricity in total electricity consumption stood at 55.1% in Q3’FY25 which is one of the highest in the Indian cement industry. The Company is consistently ramping up its green power generation capacity which stood at 522 MW at the end of Q3’FY25, up by 9% vis-à-vis 480 MW at the beginning of the FY24-25.
• The Company used 0.24 lakh tonnes of agro waste in its cement operations to conserve fossil fuel equivalent to producing 71 billion kCal and saving 0.28 lakh tonnes of CO₂. As part of this agro waste consumption, the Company procured 7,130 tonnes of stubble during the quarter for its operations within the NCR region. The Company also consumed 1.04 lakh tonnes of hazardous waste during Q3’FY25, replacing the fossil fuel-based heat by 50.4 billion kCal.
• All the Company’s manufacturing locations are Zero Liquid Discharge, treating, recycling, and reusing 100% of wastewater generated from our operations. With a good monsoon this year, the Company aims to improve its water positively level of >7 times achieved in FY23-24.
• During the quarter, the Company commenced operations of its state-of-the-art, end-to-end solid waste feeding system for municipal solid waste consumption at one of its locations and this is being replicated at other plants also. This initiative shall help us enhance proportion of alternative fuel consumption and improve TSR level.

Q3FY25 vs Q3FY24

During the Third-Quarter of FY25, the Company has achieved Net Sales of ₹ 88.15 Crores and Operating Profit of ₹ 15.07 Crores, reflecting growth of 134% and 166% respectively over the corresponding quarter of the last financial year. Profit after Tax for the quarter also increased to ₹ 12.45 Crores, registering growth of 247% over the corresponding quarter of the last financial year.

9MFY25 vs 9MFY24 

During the Nine-month period ended FY25, the Company has achieved Net Sales of ₹ 203.37 Crores and Operating Profit of ₹ 31.37 Crores, reflecting growth of 129% and 115% respectively over the corresponding Nine-month period ended of the last financial year. Profit after Tax for the Nine-month period ended FY25 increased to ₹ 24.50 Crores, registering growth of 219% over the corresponding Nine-month period ended of the last financial year.

Mr. Balakrishna Tati, Managing Director informed that the Board has approved the capex for an additional capacity of 4500 tons per annum and it will be financed through internal accruals and the additional capacity is expected to be commissioned during Q4FY26. This is inline with the company’s vision and strategic move towards capacity expansion to cater to the increasing demand for coffee across the globe.

This additional line will be installed at its Instant Coffee Subsidiary Unit namely Vintage Coffee Private Limited located near Hyderabad. After installation of this additional line total capacity of the production will be 11000 Metrics tons per annum as against present capacity of 6500 Metrics tons per annum.

Mumbai, January 31, 2025: The Government of Maharashtra and TEAM (Tech Entrepreneurs Association of Mumbai) join forces to host the second edition of Asia’s largest AI event- Mumbai Tech Week (MTW), from February 24 to March 1, 2025. Following a successful inaugural year in 2024 and recognized by the Hon’ble Prime Minister, Shri Narendra Modi, MTW’25, aims to solidify Mumbai as an emerging force in tech and AI. This strategic partnership underscores India’s vision to become a global leader in artificial intelligence (AI), with Mumbai at the epicenter of this transformation.

“We are thrilled to present MTW’25 with the Government of Maharashtra, a landmark event that underscores Mumbai’s pivotal role in India’s ambitious AI & innovation ambition. This year’s event is a testament to the city’s dynamic ecosystem, where AI-driven innovation is not only transforming industries locally but also influencing global solutions. Mumbai stands at the forefront of the AI revolution, blending cutting-edge research, enterprise adoption, and world-class talent to redefine what’s possible. As the largest AI event in Asia and with an extraordinary lineup of leaders, Mumbai Tech Week 2025 is where the next era of technology is envisioned, discussed, and set in motion.” said TEAM spokesperson.

“With Mumbai contributing 4% to India’s GDP as its largest economic center, the Government of Maharashtra understands the critical role of technology in driving continued growth. Mumbai Tech Week 2025 provides the perfect platform for actionable insights and forward-thinking discussions on AI, as we partner with TEAM to solidify Mumbai’s role as an AI leader by supporting talent, infrastructure, investment, and innovation”, said Devendra Fadnavis, Hon’ble Chief Minister, Government of Maharashtra

Marking the convergence of tech, policy, governance, and AI, Mumbai Tech Week 2025 will demonstrate, deliberate on, and drive dialogue on the future of AI, showcasing what Mumbai’s AI boom means for the world. Spotlighting Mumbai’s emergence as the ‘AI Use Case Capital,’ driven by its strong entrepreneurial legacy and rapid AI adoption, Mumbai Tech Week 2025 will host a distinguished lineup of leaders across government, industry, technology, and entertainment.

Leading policymakers Shri. Piyush Goyal, Union Minister of Commerce & Industry, Shri. Ashwini Vaishnaw, Minister for Railways, Information & Broadcasting, Electronics & Information Technology, Government of India, Shri. Devendra Fadnavis, Chief Minister, Government of Maharashtra, and Shri. Rajeev Chandrasekhar, former Minister of State, Electronics & IT, Skill Development & Entrepreneurship, Government of India, will address the audience, followed by insights from industry titans N. Chandrasekaran (Chairman, Tata Sons) and Uday Shankar (Vice Chairman, Jio Star). Emerging leader Akash Ambani (Chairman, Reliance Jio Infocomm) will also be featured, alongside tech leaders Arundhati Bhattacharya (Chairperson and CEO, Salesforce India), Sandhya Devanathan (VP & Head, India, Meta), and Puneet Chandok (President, Microsoft India & South Asia) and unicorn founders Kunal Shah (Founder & CEO, CRED), Peyush Bansal (Co-founder & CEO, Lenskart), Bhavish Aggarwal (Co-founder & CEO, OLA), Ritesh Agarwal, (Founder & Group CEO, OYO) and Aadit Palicha (Co-founder & CEO, Zepto).

MTW’25 will further explore the intersection of AI with culture, creativity and sports, featuring prominent figures from cricket and entertainment industry, including Rahul Dravid, filmmaker and producer Karan Johar, actor and investor Suniel Shetty, and influencer Raj Shamani. Attendees will gain invaluable insights from these global AI builders and enablers, discovering how Mumbai is at the forefront of AI innovation and its impact on business, governance, and society.

The week-long event is divided into two segments:

• February 24, 2025 to February 27, 2025 – satellite events across Mumbai will feature workshops, hackathons, and more
• February 28, 2025 and March 1, 2025 (Mega Days) – The excitement culminates at the iconic Jio World Convention Centre, BKC, where attendees can look forward to keynotes, panel discussions, stand-up presentations, fireside chats, and networking events.

The event will feature discussions where industry leaders will deliberate on sector-specific AI implementation strategies. Through Mumbai’s lens of practical innovation, each segment—from entertainment to retail, and from manufacturing to financial services—will find a path to AI transformation.

Mumbai Tech Week 2025 is proud to partner with CNBC-TV18 as the official media partner, ensuring comprehensive and insightful coverage of MTW 2025’s key discussions and events.

The first edition of Mumbai Tech Week was the largest tech event in Indian history. Setting new benchmarks for technology conferences in India, Mumbai Tech Week 2024 drew over 4,000 attendees and featured more than 50 distinguished speakers from across the globe. The event catalyzed significant industry growth through 10 satellite events, partnerships with 30+ leading organizations, and facilitated over 100 job placements. A key highlight was the startup pitch competition, where 30+ innovative companies presented their groundbreaking solutions to top investors and industry leaders.