Four Indian REITs Distribute Rs 1,553 Crores in Q4 FY2024-25

Mumbai, May 15, 2025: India’s four publicly listed Real Estate Investment Trusts (REITs) have collectively distributed over Rs. 1,553 crores to more than 2.64 lakh unitholders during the fourth quarter of the financial year ended March 31, 2025. This marks around 13% increase compared to Rs. 1,377 crores distributed in the same quarter of the financial year ended March 31, 2024.
 
For the full financial year 2024–25, the cumulative distribution by the four REITs reached Rs. 6,070 crores, up from Rs. 5,366 crores in FY 2023–24, reflecting a strong and consistent over 13% year-on-year growth.
 
The four listed REITs in India—Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, and Nexus Select Trust—continue to demonstrate resilience and long-term value creation.
 
The four listed REITs reported a Net Operating Income (NOI) of Rs. 89,100 crores in FY2025, compared to Rs. 76,626 crores in FY2024 — an increase of Rs. 12,474 crores, representing 16% year-on-year growth. Their total revenue from operations also rose by 16%, from Rs. 97,482 crores in FY2024 to Rs. 1,12,802 crores in FY2025 — an increase of Rs. 15,320 crore.
 
Commenting on the consolidated performance, Mr. Alok Aggarwal, MD & CEO of Brookfield India Real Estate Trust and Chairman of the Indian REITs Association, said, “The robust quarterly distributions and expanding investor base reflect the increasing maturity and investor confidence in India’s REIT ecosystem. A 13% year-on-year increase in distributions underscores the strength and stability of the sector, driven by high-quality assets and strong leasing activity, particularly from Global Capability Centres (GCCs) and strong domestic demand. We remain optimistic about the long-term prospects of Indian REITs amid evolving market dynamics.”
 
India’s REIT market manages gross Assets Under Management (AUM) exceeding Rs. 1.63 lakh crores, with a combined market capitalisation of over Rs 98,000 crores (as of 14 May 2025). The four REITs collectively operate more than 128.9 million square feet of Grade A office and retail real estate across India’s key urban centres.
 
Since their respective inceptions, these four REITs have distributed a cumulative total of over Rs. 22,800 crores to unitholders, highlighting their rising prominence among both institutional and retail investors.
 
The Indian REITs Association, a non-profit industry body established with the support of the Securities and Exchange Board of India (SEBI) and the Ministry of Finance, comprises all four listed REITs as founding members. The association continues to play a pivotal role in representing the interests of the sector and promoting transparency, best practices, and long-term growth.
 

Moneyboxx Finance expands Leadership team, Sandipan Thakur appointed as Head – Collections

National, 15th May 2025 – Moneyboxx Finance, a BSE-listed NBFC focused on transforming credit access for micro and small enterprises in underserved India, has appointed Sandipan Thakur as Head of Collections. In this role, he will be responsible for designing, optimizing, and executing robust collection strategies for the company’s expanding customer base across semi-urban and rural regions.
 
Sandipan brings over 23 years of experience in Debt & Receivable Management, Legal & Litigation, and Process & Operational Risk Management, having held leadership positions at Hiranandani Financial Services Pvt. Ltd., RBL Finserve Ltd., SMFG India (erstwhile Fullerton India Credit Co. Ltd.), Citi Financial, among others.
 
Welcoming him to the company, Mr. Deepak Aggarwal, Co-founder, Moneyboxx Finance, said: “We are pleased to welcome Sandipan Thakur to our leadership team. His deep domain expertise in collections strategy, litigation, and operational risk will be invaluable as we continue to strengthen our portfolio and scale sustainably. As we expand our footprint across underserved regions, his leadership will play a pivotal role in enhancing our credit quality and supporting our broader vision of empowering grassroots entrepreneurs through responsible lending.”
Commenting on his appointment, Mr. Sandipan Thakur said, “I am thrilled to join Moneyboxx Finance in their commitment to making meaningful strides in enabling financial inclusion and rural entrepreneurship. The strong mission-driven culture and the team’s focus on building impactful lending solutions is truly inspiring. I look forward to contributing to this journey by designing and implementing robust, phygital collection frameworks that not only drive efficiency but also ensure a seamless and supportive experience for our customers.”
 
This leadership addition comes amid a phase of strong business momentum on the backdrop of 56% year-on-year growth in AUM in Q3 FY25 and has built a robust footprint of 160+ branches across 12 states, reflecting sustained efforts to empowering underserved entrepreneurs in rural and semi-urban India.

Ixigo Delivers Record-Breaking Q4 and FY25 Results

Chennai, India, 15th May 2025: Le Travenues Technology Limited , India’s leading OTA for the Next Billion Users, announces its financial results (standalone and consolidated) for the quarter ended March 31, 2025 and full year FY25. The company delivered its best-ever quarterly performance across all verticals, reporting acceleration of nearly all metrics, with a 72% year-on-year (YoY) increase in revenue from operations to Rs.284.1 Cr in Q4 FY25 and a 65% YoY increase in Gross Transaction Value (GTV). The company has also posted a record 128% YoY growth in Profit After Tax & a 74% growth in Profit before share of loss of an associate, exceptional items and tax at Rs 27.2 Cr in Q4 FY25.
 
Key Performance Highlights – Q4 FY25
 
Gross Transaction Value (GTVcrossed Rs.4418.4 Cr in Q4 FY25, growing by 65% YoY. Flight & Bus GTV each grew 92% YoY while Train GTV grew 41% YoY for Q4 FY25 vs Q4 FY24. Revenue From Operations grew by 72% YoY in Q4 FY25 to Rs.284.1 Cr from Rs.164.9 Cr in Q4 FY24.  Contribution Margin (CM) increased by 69% YoY, reaching Rs.120.9 Cr in Q4 FY25EBITDA increased by 64% to Rs.30.7 Cr for Q4 FY25 as compared to the same period in the previous year. Adjusted EBITDA (EBITDA plus ESOP Expenses less Other Income) increased to Rs.29.1 Cr for Q4 FY25, an increase of 70% from Rs.17.1 Cr in Q4 FY24.  Profit Before Tax, Share of Loss of Associates and Exceptional items is at Rs.27.2 Cr in Q4 FY25 as compared to Rs.15.6 Cr in Q4 FY24, recording an increase of 74% on a YoY basis. Profit After Tax is at Rs.16.8 Cr in Q4 FY25 compared to Rs.7.3 Cr in Q4 FY24, recording an increase of 128% on a YoY basis.
 
Management Comments
 
Rajnish Kumar, Group Co-CEO, ixigo and Aloke Bajpai, Group CEO, stated:  “This has been our strongest quarter yet, driven by consistent quarter-on-quarter acceleration across all lines of business. Our outstanding growth in categories such as flights and buses stems from a unique playbook that combines a customer-centric approach, ability to cross-sell and up-sell to a unique captive user-base,  a tech-centric DNA, AI-driven efficiency and enhanced brand awareness — all while maintaining healthy margins. We’re also seeing operating leverage kick in as demonstrated in our robust cash flow from operations amounting to Rs. 122 crores in FY25.”
 
Saurabh Devendra Singh, Group CFO, ixigoadded: “We went public in FY25 and this has become a defining year for our trajectory. This fiscal we achieved ₹14972 crore in GTV, ₹914 crore in Operating Revenue, and delivered a 71% YoY increase in Adj. EBITDA proving that scale and financial discipline need not be mutually exclusive”
 
FY25 Snapshot: Breaking Records Across Usage & Engagement
 
From serving over 544 million travellers annually to processing refunds faster than a Bollywood movie climax, FY25 was a year of scale, speed, and firsts for ixigo. Here’s a snapshot of the milestones that defined our journey across travel categories and user touchpoints.

Sheraton Hyderabad Appoints Sourav Pal Chowdhury as Assistant Director of Food & Beverage

Hyderabad, 15th May 2025: Sheraton Hyderabad Hotel announced the appointment of Mr. Sourav Pal Chowdhury as the new Assistant Director of Food & Beverage. With a robust career spanning over 16 plus years in the hospitality industry, Sourav brings with him a wealth of experience in luxury hotel operations, food and beverage management and customer service excellence.

In his new role, Sourav will oversee the strategic and operational leadership of the hotel’s food and beverage division, which includes multiple restaurants, banqueting and ODC operations, MBOW and in-room dining services. His focus will be on elevating the food and beverage offerings, driving guest satisfaction, and optimizing service standards in line with Sheraton’s brand ethos.   

Prior to joining Sheraton Hyderabad, Mr. Chowdhury held key leadership positions with several prestigious hospitality brands including Conrad BengaluruHilton Bangalore Embassy GolfLinksMHRS Kochi & Jaipur Novotel & Ibis Bengaluru, and Hyatt Hotels, among others. He also brings unique cross-industry experience from his tenure as Unit Head at Cinepolis India Pvt. Ltd., where he managed food and cinema operations for a 10-screen multiplex based out of Bengaluru.

Throughout his career, Mr. Chowdhury has consistently demonstrated a passion for guest service, team leadership, and innovative F&B concepts. Mr. Chowdhury holds a Bachelor’s Degree in Hotel Management and Tourism from Annamalai University and has been associated with pre-opening teams, specialty dining establishments, and large-scale banquet operations.

With his expertise and people-first approach, Sourav is set to bring fresh energy and innovation to the hotel’s food and beverage landscape.

Discover Vietnam and beyond with Vietjet’s hot summer deals and baggage allowance up to 20kg

Mumbai, May 15, 2025: Vietjet is kicking off summer 2025 with an exciting promotion, offering millions of tickets from just INR11 plus taxes and fees across its India-Vietnam flight network, and other Vietnam domestic and international routes. The airline is also introducing a variety of special summer perks to enhance the travel experience.

Promotional tickets are available for booking from now until May 18, 2025, via www.vietjetair.com and the Vietjet Air mobile app. These promotional fares are valid for travel between June 1, 2025, and March 28, 2026, making them ideal for summer holidays, autumn getaways, and early 2026 trips.

To make summer travel even more convenient, the airline is offering 20kg of free checked baggage on all flights between India and Vietnam for travellers booking or modifying tickets via official Vietjet channels from now until May 31, 2025. Those flying between Vietnam and Australia will enjoy 40kg of free checked baggage. This offer is valid for travel until July 31, 2025 , perfect for summer holidays and overseas getaways.

Indian travellers can explore Vietnam’s top destinations of Hanoi, Ho Chi Minh City and coastal cities—Phu Quoc, Nha Trang, Da Nang—or venture to vibrant international destinations across the Asia-Pacific region in Australia, Northeast and Southeast Asia.

In addition to the attractive fares, Vietjet is offering a limited-edition summer travel kit, featuring must-have items including bucket hats, bandanas, luggage tags, passport covers, badges, and exclusive souvenirs. For young flyers, Vietjet’s Kid’s Combo offers a special in-flight meal paired with adorable, never-before-seen gifts.

Vietjet invites travelers to embrace the spirit of summer with unforgettable experiences—from vibrant festivals to scenic escapes and exciting urban adventures—made even better with the airline’s modern, fuel-efficient fleet, professional service, and warm, attentive crew.

Vietjet has further strengthened its presence in India by launching two new non-stop routes from Hyderabad and Bengaluru to Ho Chi Minh City, Vietnam’s bustling economic hub. With these additions, Vietjet now operates 10 direct routes between the two countries, offering a total of 78 flights per week—making it the airline with the most comprehensive India–Vietnam network. These routes connect New Delhi, Mumbai, Ahmedabad, Kochi, Hyderabad, and Bengaluru with Vietnam’s key destinations, including Ho Chi Minh City, Hanoi, and Da Nang.

A whole new world, a whole new summer – let’s Vietjet!

G Square Offers Discounts Under ‘Dream Land for Real Heroes’ Scheme

Chennai, 14 May 2025: In an effort to pay tribute to the brave hearts defending our  borders, G Square, the largest player in the plotted development space from Tamil Nadu, has announced an exclusive and flat discount of 15% to all serving and retired personnel of the armed forces. The offer applies on all its premium plots across key cities in South India.

The offer under the ‘Dream Land For Real Heroes Scheme’, can be availed by all serving and ex-servicemen of the Indian Armed Forces. This would include the Army, the Navy and the Air Force. Immediate family members (such as spouse or children) can initiate the purchase process, provided the registration is in their name. Those interested, however, will have to furnish a valid Defence Service ID proof at the time of booking.

Bala Ramajeyam, Founder and Managing Director, G Square Realtors, said, “India’s defence personnel have made great personal sacrifices and dedicated their lives to the nation. Through this ‘Dream Land For Real Heroes Scheme’, we at G Square are proud to enable them to move closer to owning a home, not just as a reward for their service, but as a meaningful investment in their family’s future. This initiative is our small way of honouring the real warriors who fight for our freedom. We hope this empowers them to invest in their dream home with pride and privilege.”

G Square has transformed the plotted development landscape in South India by offering fully developed plots with world-class amenities, clear titles, strategic locations and ready- to-construct infrastructure. Their projects are spread across key cities such as Chennai, Hyderabad, Coimbatore, Madurai, Tirunelveli, Tuticorin, Pollachi, Trichy, Hosur, Mysuru, Ballari, Dindigul, Ambur, Theni, and Udumalpet.

Exhicon Events Media Solutions Ltd. reports bumper results for FY 2024-25

Mumbai, May 14, 2025 – India’s first and only 360° solution provider company for Exhibitions, Tradeshows & Event Management, Exhicon Events Media Solutions Ltd., reported a stellar set of numbers for the financial year ending March 31, 2025. The BSE-listed company, which operates in exhibitions, events and media services sector, has delivered record profitability, solid revenue growth and achieved a debt-free balance sheet.

On a consolidated basis, Exhicon Events Media Solutions Ltd achieved its revenue for FY 202425 jump by more than 62% to Rs 143.51 crore from Rs 88.46 crore in FY 2023-24 while its EBITDA (Earnings Before Interest, Tax, Depreciation and Amortisation) shot up by 74.55% to Rs 35.12 crore from Rs 20.12 crore in the same period, with its EBITDA margin at an impressive 24.48%.

The company’s PAT (Profit After Tax) more than doubled, recording an increase of 113% in FY 202425 to Rs 30.26 crore, from Rs 14.23 crore in FY 2023-25.

On a standalone basis, Exhicon Events Media Solutions Ltd saw its revenue jump over 69% in FY 202425, to Rs 69.67 crore, from Rs 41.18 crore in FY 2023-24 while its PAT, on a standalone basis, nearly doubled to Rs 12.10 crore in FY 202425, from Rs 6.31 crore in FY 2023-24.

Debt-Free Status Achieved
The company also achieved an unparalleled financial milestone in FY 202425 as it became 100% debt-free as of 31st March 2025, further reinforcing its long-term sustainability and readiness for future expansion.

Commenting on the company’s performance, Mr Sushil Shah, CFO, Exhicon Events Media Solutions said: “This has been a breakthrough year for Exhicon with strong growth across all verticals, resulting in higher margins. Moreover, our clean and debt-free balance sheet demonstrates the resilience and scalability of our business model. We are now well-positioned for aggressive but sustainable growth.”

Future Outlook
With a robust pipeline, strong demand for integrated event solutions, and a debt-free status, Exhicon is set to accelerate its domestic and international expansion while maximizing shareholder value. The company last month also approved a strategic capital outlay of Rs 50 crore for the design, development and deployment of temporary and semi-permanent event structures. This will be used to procure and commission semi-permanent modular event venues, large-span hangars and super structures, indoor pre-fab maxima and octanorm systems, portable hospitality suites, rest rooms, box offices and registration arenas, and modular staging and rigging solutions.

Novotel Vijayawada Hosts Punjabi Zaika Utsav

The smoky aroma of the tandoor, zesty spices, and creamy butter come together to create the rich, comforting flavours that define Punjab’s culinary heritage. Bringing this warmth and boldness to the city, Novotel Vijayawada Varun presents the Punjabi Zaika Utsav, a 10-day celebration of authentic Punjabi cuisine.

Hosted at Food Exchange, the hotel’s all-day dining restaurant, the festival invites guests to savour a menu that captures the essence of Punjab’s most loved dishes. Curated by Chef Smruti Ranjan Das, the menu showcases timeless recipes passed down through generations, highlighting the diversity and depth of North Indian flavours.

Guests can indulge in classics like Chole Bhature, Amritsari Kulcha, Butter Chicken and Dal Makhani, among other regional favourites. Each dish is prepared using traditional techniques that bring out the bold spices, smoky richness, and signature textures Punjabi food is known for.

To complement the dining experience, the restaurant will be adorned with themed décor inspired by Punjab’s mustard fields and festive spirit. Evenings will come alive with live folk music performances, adding a cultural touch to the culinary journey. Whether you’re a fan of hearty tandoori fare or curious to explore the flavours of Punjab, this festival promises an unforgettable dining experience.

       Date: Until May 18, 2025

       Time: 7:00 PM – 9:00 PM

       Venue: Food Exchange, Novotel Vijayawada Varun

 

 

Tally Launches TallyPrime 6.0 to Transform SME Banking

Bangalore, 13 May 2025: Tally Solutions Pvt Ltd, India’s leading business automation software provider, introduces its latest release, TallyPrime 6.0, designed to simplify financial operations for small and medium enterprises (SMEs) and make it seamless via Connected Banking experience. This advanced upgrade revolutionizes bank reconciliation, banking automation, and financial management for businesses and accountants. Building on its expertise in delivering connected services such as e-invoicing, e-way bill generation, and GST compliance, Tally takes another significant step towards empowering SMEs with integrated banking capabilities. This new release reinforces Tally’s commitment to connecting businesses with their ecosystems and enabling them to operate with unparalleled simplicity.

Keeping with its vision of making the business network seamless TallyPrime’s Connected Banking feature takes integration to the next level by bringing banks inside Tally. Unifying accounting and banking into a single system, with secure login and real-time connectivity through partnerships with Axis Bank and Kotak Mahindra Bank. Users can access live bank balances and transaction updates directly within the platform, ensuring they always have the most updated information and insights about their working capital, empowering businesses to make smarter financial decisions. With the ability to process payments, instantly reconcile transactions, and monitor bank balances within Tally businesses can stay agile, optimize resources, and maintain full control over their financial operations.

While launching TallyPrime 6.0, Mr. Tejas Goenka, Managing Director, Tally Solutions said, “Our mission has always been to build technology that helps simplify business operations for SMEs. With TallyPrime 6.0, we’re addressing a critical need by integrating banking directly within the Tally platform empowering businesses to focus on growth and innovation without the distraction of operational complexities, enabling them to save 30-50% of their time. This release comes with multiple other features like enhanced bank reconciliation, working capital optimization through financial institution linkages, further strengthening the existing capabilities of GST compliance with connected e-invoicing and e-way bill generation.”

TallyPrime’s smart bank reconciliation transforms how SMEs and accountants manage their books by seamlessly aligning financial records with banking transactions. Enabling faster reconciliation, timely account finalization for audits, and real-time operational insights—all within a unified, intuitive platform. Additionally, the integration of UPI payments and payment links simplifies collections, ensuring smoother cash flow.

Commenting on the launch, Neeraj Gambhir, Group Executive & Head – Treasury, Markets & Wholesale Banking Products, Axis Bank said, “Axis Bank has always been at the forefront of innovation by introducing pioneering solutions for its customers for seamless banking experience. We are committed to empower our SME clients by integrating technology into financial solutions. The SME Business Banking landscape is evolving rapidly, and there is a need for a comprehensive solution for all their Banking and Beyond Banking requirements. With this ‘connected banking solution’, customers can integrate bank account inside TallyPrime and streamline their banking operations by improving efficiency and agility in financial decision-making. This initiative is a continuation of our ongoing efforts to significantly enhance the digital experience of our clients.”

Security remains a cornerstone of TallyPrime 6.0, incorporating end-to-end encryption, multi-layered access controls, and real-time fraud detection to ensure safe banking transactions.  This launch reaffirms the company’s commitment to ensuring complete security and privacy of its customers’ financial data.

Tally continues to enhance business management with advanced technology, offering a seamless and holistic experience through TallyPrime 6.0. From connected GST and e-invoicing to WhatsApp-based alerts (WABA), cloud access, and integrated financing, Tally empowers businesses with simplified, efficient, and connected solutions for smoother operations.

 

Pepe Jeans Powers Up in Jaipur with Its Biggest Indian Store Yet

Jaipur, May 13, 2025 Denim lovers in the Pink City have a new reason to celebrate. Pepe Jeans London, a name synonymous with British street and authentic denim, proudly opens the doors to its largest store in India at the heart of Vaishali Nagar, Jaipur’s fast-emerging retail and lifestyle nucleus.

pepe london

Spanning 3,138 sq. ft. across two levels, the new Pepe Jeans London flagship store is more than just a shopping destination — it’s a fashion experience. From classic denim fits to seasonal must-haves, the store houses the complete wardrobe collection for Men, Women, and Boys, along with a curated footwear range that includes statement sneakers

Located on Amarpali Marg, the store is poised to become a landmark for shoppers seeking the perfect mix of international style with local sensibilities. Whether you’re on the hunt for everyday denim, occasion-ready fashion, or the perfect pair of kicks — this new Pepe Jeans London store is Jaipur’s ultimate style destination.

Visit Us:
India’s Largest Pepe Jeans London Store on Amarpali Marg, Vaishali Nagar, Jaipur