Housing Sales in Top Tier-2 Cities Up 4%, Sales Value 20% Higher in 2024 PropEquity
New Delhi, February 12, 2025: Housing sales in India’s top 15 tier 2 cities rose by 4% to 1,78,771 units with sales value rising by 20% to Rs 1,52,552 crore in 2024, according to NSE-listed real estate data analytics firm PropEquity.
The housing sales stood at 1,71,903 units while sales value stood at Rs 1,27,505 crore in 2023.
Housing sales rose the most in Coimbatore at 36% and fell the most in Visakhapatnam at 21% in 2024 while Bhubaneswar recorded the highest growth in sales value at 47% while Nashik recorded 2% decline in sales value.
Samir Jasuja, Founder & CEO, PropEquity said, “The Budget announcements will give a boost to housing demand in tier 2 cities and create opportunities for employment. These include proposals for development of airports, promotion of GCCs, tourism, relaxation on second homes, and more importantly tax exemption on income up to Rs 12 lakhs. The continued focus on infrastructure development like metro rail, highways and expressways will augment the growth in all segments of the real estate sector.”
“Sales value have risen by 20% even as sales have increased by only 4% in 2024 points to a rapid increase in price of homes in these cities owing to factors like rise in cost of raw materials, speculative investments etc. which may impact the real estate market.”
| City Name | Units absorbed | Sales Value (Rs crore) | ||||
| 2023 | 2024 | Change | 2023 | 2024 | Change | |
| Ahmedabad | 54076 | 56274 | 4% | 42063 | 49421 | 17% |
| Surat | 20676 | 23718 | 15% | 15549 | 18808 | 21% |
| Vadodara | 19641 | 19030 | -3% | 10262 | 11290 | 10% |
| Gandhi Nagar | 13315 | 14364 | 8% | 11467 | 14153 | 23% |
| Nashik | 15010 | 13492 | -10% | 6498 | 6380 | -2% |
| Jaipur | 10187 | 10695 | 5% | 6019 | 8388 | 39% |
| Nagpur | 7883 | 8090 | 3% | 4237 | 5162 | 22% |
| Bhubaneswar | 5566 | 6822 | 23% | 5927 | 8738 | 47% |
| Mohali | 4462 | 4398 | -1% | 5282 | 6238 | 18% |
| Visakhapatnam | 5361 | 4258 | -21% | 4858 | 4798 | -1% |
| Lucknow | 3771 | 3796 | 1% | 4283 | 4500 | 5% |
| Coimbatore | 2732 | 3725 | 36% | 2610 | 3698 | 42% |
| Goa | 3430 | 3586 | 5% | 4339 | 5726 | 32% |
| Bhopal | 3238 | 3565 | 10% | 1703 | 2344 | 38% |
| Trivandrum | 2555 | 2958 | 16% | 2408 | 2908 | 21% |
| Total | 171903 | 178771 | 4% | 127505 | 152552 | 20% |
Region-wise housing sales trend
1. Western India – 7 cities:
According to the report, the seven cities in western India saw sales of 1,38,554 units in 2024 as compared to 1,34,031 units in 2023, up 3.4%. The sales value grew by 18% to Rs 1,10,939 crore in 2024.
Housing sales was led by Surat with 15% rise, followed by Gandhi Nagar 8%, Goa 5%, Ahmedabad 4%, Nagpur 3%. Housing sales fell in Nashik by 10% and Vadodara by 3%.
Only Nashik witnessed a decline in sales value at 2%.
2. Southern India – 3 cities:
The three cities in southern India saw sales of 10941 units in 2024 as compared to 10648 units in 2023, up 2.75%. The sales value grew by 15% to Rs 11,404 crore.
Housing sales was led by Coimbatore with 36% rise followed by Trivandrum 16%. Sales declined in Visakhapatnam by 21%.
Only Visakhapatnam witnessed a decline in sales value at 1%.
3. Northern India – 3 cities:
Sales in the three cities of Northern India stood at 18889 units in 2024 as compared to 18420 units in 2023, up 2.5%. Sales value grew by 23% to Rs 19,127 crore in 2024.
Housing sales rose by 5% in Jaipur and 1% in Lucknow while it fell by 1% in Mohali.
Sales value grew by 39% in Jaipur, 5% in Lucknow and 18% in Mohali.
4. Eastern and Central India – 2 cities:
Housing sales in the two eastern and central Indian cities stood at 10387 units in 2024 as compared to 8804 units in 2023, up 18%. Sales value grew by 45% to Rs 11,082 crore in 2024.
Housing sales rose 23% in Bhubaneswar and 10% in Bhopal.
Sales value grew by 38% in Bhopal and 47% in Bhubaneswar.
Beyond 2025 Witness India’s Premier AI event
Bengaluru, 12th February, 2025: 3AI, India’s largest platform for AI and analytical leaders and professionals is all set to kick off their 2025 calendar with their flagship event BEYOND 25, which is slated to take place on 21st February at The Leela Palace Bengaluru. BEYOND 25 will be the 3rd edition & a confluence of top Data, AI and Analytics leaders from Enterprises, GCCs & Technology Firms & Providers. The event will bring together 600 delegates, 350 leaders and 150 Global Capability Centre (GCC) leaders. This event, hosted by 3AI, aims to provide unique perspectives of the New Next in AI & Analytics strategic trends. Beyond 2025, aims to broaden the participants’ perspectives with an insight into how Gen AI & AI strategies are being applied in Enterprises, GCCs & Technology Firms for impact and value creation. Beyond 25 is first in series of three large scale format events by 3AI followed by GCC X…Summit and Gen AI MAX 2025.
Among the broad themes of the event will be optimizing Gen AI & AI to drive strategic models, operational efficiency and business performance along with exploring AI adoption across industries and business functions. The speakers will also discuss global Gen AI & AI market trends, changing role of AI in GCCs for innovation, transformation, and they will share perspectives on how AI strategy is used to solve complex, unresolved issues in enterprises for business decision making coupled with deliberations about leveraging Gen AI usage areas in customer experience, marketing, risk, HR, FP&A, supply chain.
Pre-eminent industry leaders from Enterprises, GCCs & Technology Firms will be sharing their knowledge and insights into topical Gen AI & Analytics possibilities & adoption approaches. The target audience for this gathering consists of Indian & global enterprises, GCCs, Technology, BPM, Cloud, Consulting, Pure Play Analytics Firms. This event also presents a premium networking opportunity for Data, AI and Gen AI professionals & leaders to forge new connections in the industry. “BEYOND 2025 is a sought-after event for AI & Analytics leaders & professionals and serves as a navigation tool for exploring the new possibilities and adoption scenarios in Gen AI & AI for Enterprises, GCCs & technology Firms. Given the complexities and ambiguities surrounding Gen AI. BEYOND 2025 will unravel the realities and discover the art of possible in the AI spectrum, said Sameer Dhanrajani, CEO – 3AI .
Mukul Phate Honored by Udayan Raje Bhosale for Tribute to Spy Chief Baheerji Naik
12th February 2025: Mukul Phate, the celebrated actor and filmmaker, has received widespread recognition for the global launch of his revolutionary acting manual, Leela. The book, hailed as a breakthrough in acting education, not only offers valuable techniques for actors but also serves as the first-ever tribute to the Maratha Spy Chief, Baheerji Naik. Naik’s strategic brilliance was instrumental in securing hundreds of victories for the Maratha Empire, yet his legacy has long remained overlooked. Through Leela, Mukul Phate has brought attention to the unsung hero, highlighting how Naik’s insights into human behavior and strategy influenced both battlefield victories and the art of acting.
Chhatrapati Udayan Raje Bhosale, expressed his admiration for Mukul’s initiative in honoring Baheerji Naik. In his appreciation, Udayan Raje remarked, “Baheerji Naik was one of the key architects of Maratha victories, and his contributions deserve to be celebrated. Mukul Phate’s book not only adds depth to the art of acting but also ensures that Baheerji Naik’s legacy is recognized. This is a truly innovative approach, bringing together history and performance in a meaningful way. Leela stands as the first acting manual to intertwine the craft of acting with the legacy of a historical figure. Baheerji Naik, whose mastery of strategy and human psychology helped the Maratha Empire win numerous battles, serves as an inspiration for actors.
Mukul Phate explained, “Baheerji Naik’s ability to read people and situations is something every actor can relate to. This book merges his strategic genius with modern acting techniques, offering a fresh perspective for aspiring actors.” The launch of Leela has garnered attention from industry experts, historians, and actors worldwide, who have praised Mukul Phate for his unique approach to blending historical legacy with the art of performance. With the book now available internationally, Bharat Vibhushan-Mukul Phate has made a significant contribution to both the acting world and the recognition of an unsung hero from India’s rich history.
South Indian Bank wins 5 awards at the 20th Annual IBA Technology Awards 2024
Mumbai, 12 February 2025: South Indian Bank (SIB), well known for its novel contributions in banking technology, was recognised at the 20th edition of the Annual Banking Technology Awards 2024. The awards reflect SIB’s commitment to delivering innovative and customer-centric digital solutions.
The Annual Banking Technology Awards 2024, were part of the Annual Banking Technology Conference, Expo & Citations, organised by the Indian Banks’ Association (IBA). The awards recognise organisations that have brought in transformational changes in their businesses by adopting modern digital solutions. At a glittering ceremony on January 24 in Mumbai, SIB was declared the winner in the category of ‘Best Tech Talent & Organization’. Additionally, SIB received a special mention in the categories of ‘Best Digital Sales, Payments & Engagement’, ‘Best IT Risk Management’ and ‘Best Fintech, & DPI Adoption’. Moreover, the Bank was adjudged runners-up in the ‘Best Financial Inclusion’ category.
Mr. P R Seshadri, MD & CEO, South Indian Bank, expressed joy at the achievement, “We are honoured to receive these prestigious recognitions from the IBA yet again. These awards underscore our commitment to leveraging technology to enhance customer experience, drive financial inclusion, and ensure secure digital transactions. The awards acknowledge our efforts toward nurturing talent and building a strong tech team. It encourages us to continue our drive of continuous innovation, uncovering novel banking solutions for all our stakeholders, while also affirming our position as a forward-thinking financial institution.”
Jackson Wang Releases High Alone from Magic Man 2 Album
February 12, 2025 — Jackson Wang, the global superstar musician and fashion icon, announces his first single of the year, “High Alone,” set for release Wednesday, February 12 @ 9.30pm IST, alongside an official music video. The first glimpse of Jackson’s upcoming album, MAGIC MAN 2, “High Alone” reinvigorates the volatile relationship between Jackson and his MAGIC MAN persona —a figure first introduced in his Billboard-charting, 2022 album. As MAGIC MAN 2 unfolds, this alter ego will gradually reveal its darker, toxic traits, offering listeners an intimate portrait of Jackson’s inner emotions, personal growth and experiences.
“High Alone” sets the tone for MAGIC MAN 2, an album that Jackson produced himself and meticulously worked on for more than a year. Taking a step back from the spotlight for the first time ever in his career, Jackson’s much needed break opened unaddressed emotions. The album is structured in four distinct chapters, each exploring a different stage of grief. From manic highs fueled by denial, to the painful reckoning of lost identity, setting boundaries and shedding people-pleasing tendencies, to ultimately finding peace through acceptance – this album is a raw, unfiltered chronicle of his evolution. The album is set to come out in the summer of 2025.
Reflecting on the origins of MAGIC MAN, Jackson shares:
“I created MAGIC MAN to figure out my pain, as a mask representing my darkest emotions, my internal emotions. I told the world ‘Find Your Magic’—they cheered. As I took roughly a year away from the scene, I kept asking myself and I realized I have never honestly asked myself that. As MAGIC MAN came to its end, I have experienced nothing but the crucial reality of what humanity is. I was in a very dark place mentally and physically. I thought I could never recover. I went through stages of avoiding it, facing it, being destroyed by it, letting myself rot, picking myself up and trying to accept it. The only way I could release it was by writing in my diary. Writing down how and why I was feeling the way I felt. And for the first time, I put my world into my music. This album represents being true to myself, listening to my heart and accepting all the good and the bad. This is MAGIC MAN II.”
Jackson’s rise as a global icon continues to make waves across the music and fashion industries. His previous album, MAGIC MAN (2022), debuted at #15 on the Billboard 200 and #3 on the Top Album Sales chart, and has garnered over 123 million streams worldwide. His 2023 MAGIC MAN WORLD TOUR sold out across the globe, and his performance at the 2023 Coachella Valley Music and Arts Festival made history as the first-ever Chinese solo artist to perform at the festival three times, with his set trending #1 Worldwide on Twitter.
In addition to his music career, Jackson Wang is a Louis Vuitton Global House Ambassador, Cartier Ambassador and Hennessy Ambassador, and he was recently named creative director for Nike and Jordan. With over 100 million followers across social platforms, Jackson is the most followed person in China on Instagram.
Jackson prepares to release MAGIC MAN 2, “High Alone” stands as the perfect introduction to this next phase in his musical evolution—an invitation for fans to join him on a deeply personal journey of self-discovery, growth, and emotional release.
Honeywell & AM Green Partner on Carbon Capture and Sustainable Fuel in India
NEW DELHI, India, February 12, 2025 – Honeywell (NASDAQ: HON) and AM Green today signed a memorandum of understanding (MoU) during India Energy Week 2025 to assess the techno-economic feasibility of producing sustainable aviation fuel (SAF) from ethanol, green methanol from various carbon dioxide (CO₂) emission sources, and green hydrogen. This collaboration underscores the alignment of Honeywell’s portfolio to three compelling megatrends which includes the energy transition.
The companies will work together to identify opportunities to enhance India’s energy security and:
- Reduce crude oil import dependence.
- Help position the country as a competitive global exporter of green methanol to aid shipping companies in adopting this low-emission alternative fuel.
- Help airlines in meeting CORSIA mandates for low-carbon, drop-in fuel replacements.
“The collaboration with AM Green will help advance India’s low-carbon economy and create an ecosystem that supports the government’s SAF blending mandates, positioning India as a global leader in alternative fuel innovation,” said Ashish Modi, President, Honeywell India. “By combining Honeywell’s proven carbon capture technologies and ethanol-to-jet solution with AM Green’s expertise in green hydrogen and ethanol production, we will pave the way for a sustainable future and reinforce our commitment to environmental stewardship.”
Mahesh Kolli, Co-Founder and Group President of AM Green said, “We are delighted to partner with Honeywell, which is one of the world’s largest technology companies that is positively shaping the future of energy. This partnership demonstrates AM Green’s emerging leadership position as a global clean energy transition solutions platform while contributing to India’s ambition of emerging as an exporter of reliable, sustainable and lowest-cost green molecules and its derivatives accelerating industrial decarbonization globally.”
The collaboration benefits Indian farmers by creating demand for ethanol feedstocks. It also aligns with the government’s National Green Hydrogen Mission to boost green hydrogen production through green methanol for domestic and export use.
Evolve Surpasses 5% Club Goal with More Apprenticeship Opportunities
12th February 2025: To mark this year’s National Apprenticeship Week, 10-16 February 2025, leading provider of Managed Network Solutions and IT Services, Evolve, has renewed its commitment to nurturing new talent by exceeding its 5% Club pledge.
Demonstrating its dedication to skills development and career progression, Evolve has significantly increased the number of apprentices within its workforce, surpassing the industry benchmark for training and development.
In 2023, 8% of Evolve’s employees were enrolled in apprenticeship programmes—a figure that has since risen to an impressive 9.24% in 2024. This achievement highlights the company’s commitment to fostering a dynamic learning environment and providing practical, hands-on experience that drives both individual growth and business success.
Commenting on the milestone, Alan Stephenson-Brown, CEO of Evolve Business Group, said: “At Evolve, we pride ourselves on cultivating a company culture where people are our greatest asset. Apprentices are integral members of our team, bringing fresh perspectives and enthusiasm that enrich our organisation. We are deeply committed to supporting internal progression, and one of the key benefits we offer is the opportunity to gain valuable qualifications while earning on the job. Our apprenticeships are a cornerstone of our strategy to develop future leaders and foster long-term success.”
Evolve’s outstanding efforts in workforce development were recently recognised with a Silver Award in the Wigan Council Business Review, further solidifying its reputation as a top employer dedicated to talent growth.
Supporting the 5% Club Mission
Evolve’s membership in The 5% Club reflects its alignment with a nationwide movement focused on expanding quality training opportunities through earn-and-learn roles. The 5% Club is a campaign that encourages businesses to invest at least 5% of their workforce in apprenticeships and similar programmes. By exceeding this threshold, Evolve exemplifies the values championed by the organisation.
Alan added: “We are thrilled to not only meet but exceed our 5% Club commitment. Our collaboration with The 5% Club charity remains a vital part of our strategy to ensure sustained investment in training and development, regardless of how quickly we grow. We are proud to be part of a collective effort driving the future of skills development in the UK.”
The impact of this initiative continues to be felt by many current Evolve apprentices, including Tyler Lowe, Apprentice First Line Engineer, and Sam Bradshaw, IT Second Line Support Manager, who joined Evolve as an apprentice seven years ago.
Tyler reflected on his apprenticeship at Evolve so far, saying: “My apprenticeship at Evolve has helped me to develop the skills and confidence I need to set me on a positive path for the future. In a relatively short space of time, I have become one of the most knowledgeable people in my area, and people now come straight to me with questions about it. It’s a great feeling to know how far I’ve come since my first day as an apprentice. The whole Evolve team has reassured me that I can explore what is best for me, ensure that I am on the right path, and that I will be supported to get there.”
Sam commented on how his apprenticeship at Evolve has impacted his life, stating: “The way we use IT is changing all the time, so the way we support it as IT engineers changes all the time too. This rapid change is really exciting and keeps us on our toes, and it’s what I love most about the job I do. I’m certain that my apprenticeship helped my long-term career goals in a way that I couldn’t have done at university. The soft skills I learned such as effective communication and personal confidence were invaluable – they’re not something you learn at school. I now have the practical, technical and communication skills that are enabling me to progress much quicker in my career.”
National Apprenticeship Week 2025
National Apprenticeship Week is an annual event that brings together employers, apprentices, and educational institutions to highlight the positive impact of apprenticeships on individuals, businesses, and the economy. This year’s theme encourages everyone to share stories of success and showcase the value apprentices bring to their organisations.
As Evolve continues to prioritise apprenticeships, it aims to inspire other businesses to follow suit, strengthening the UK’s future workforce by offering high-quality training and real-world career opportunities.
Tribe Amrapali Opens 30th Store in Agra Celebrating Timeless Craftsmanship
Agra, 12th February 2025– Tribe Amrapali, the distinguished house of handcrafted silver jewelry and a name synonymous with modern interpretations of India’s cultural heritage, proudly announces the opening of its 30th store in Agra adjoining Amar Vilas. This landmark achievement reaffirms Tribe Amrapali’s position as a leading brand for discerning travelers and jewelry connoisseurs alike.
Renowned worldwide Agra is a treasure trove of artisanal excellence. From the delicate Pietra Dura (stone inlay) work that adorns its historic monuments to the rich legacy of zardozi embroidery, Agra has long been a beacon of craftsmanship that resonates with the very ethos of Tribe Amrapali.
Nestled in the heart of this historic city, the new Tribe Amrapali store will offer an immersive experience, where each piece of jewelry is a tribute to India’s rich cultural narrative. Visitors can explore handcrafted silver jewelry, vibrant gemstone adornments, and modern interpretations of heritage designs—making it a must-visit destination for locals and tourists alike.
For over a decade, Tribe Amrapali has been at the forefront of preserving India’s rich jewelry-making traditions while adapting them to suit the tastes of today’s generation. Each piece of jewelry tells a story—of the artisans who meticulously craft it, of the culture it represents, and of the individuals who wear it. By opening its doors at Agra, the brand extends its reach to travelers from around the world, offering them a slice of India’s artistic legacy.
Akanksha Arora, CEO of Tribe Amrapali: “Opening our 30th store in Agra is a testament to our vision of bringing India’s rich jewelry heritage to a wider audience. Tribe Amrapali stands for authenticity, craftsmanship, and contemporary storytelling, and we are thrilled to introduce our designs to a city that itself is a symbol of artistic legacy.”
From statement earrings to delicate nose pins, and bold silver chokers to intricately handcrafted bangles, Tribe Amrapali’s newest store will showcase a diverse range of collections that blend the old with the new—ensuring that every piece tells a story of its own.
As Tribe Amrapali continues its expansion, this milestone reinforces the brand’s commitment to preserving Indian craftsmanship while making it relevant for the modern consumer. With stores across India and a global clientele, the Agra opening is a shimmering tribute to the brand’s journey of redefining jewelry as an extension of one’s cultural identity and contemporary style.
Adidas Expands Its Star Power by Adding Rishabh Pant as Brand Ambassador
New Delhi, 12th February 2025 – adidas today announced a multiyear partnership with Indian Cricket team star, Rishabh Pant. With this announcement, Pant joins adidas’ elite athlete roster which includes- Jude Bellingham, Noa Lyles, Kuldeep Yadav, Nikhat Zareen, Sumit Antil, Manika Batra and more. Known for his resilience and never give up attitude, Rishabh Pant is one of Indian cricket’s leading names, loved by fans across generations. Pant resonates commitment and self-belief, which reflects in his game on the pitch, inspiring others around him.
adidas has a rich history of iconic partnerships with cricket legends from India, including Sachin Tendulkar and, more recently, Rohit Sharma, who has been a long-time partner with the brand. Now, Rishabh Pant is ready to carry the legacy forward as adidas names him its newest partner. Having been an adidas athlete from 2016 to 2019, Pant now makes a return to the 3 stripes as the brand looks to further strengthen its presence in the world of cricket.
Speaking about the collaboration, Mr Neelendra Singh, General Manager, adidas India, said, “At adidas, we have always stood by athletes through every step of their journey—supporting them in their moments of triumph and resilience alike. Rishabh’s fearless spirit, determination, and unwavering commitment to the game make him a true embodiment of what adidas stands for. We are excited to welcome him back to the adidas family and support his continued success.”
Expressing his thoughts, Rishabh Pant, shared, “I am excited to be partnering with adidas, a brand I truly admire. I believe we have a shared vision of inspiring athletes and people at large, to trust themselves and never give up while marching towards the goal. I’m looking forward to this journey with adidas, empowering the next generation of athletes and making a meaningful impact in the world of sports.”
With a history of working with top athletes across sports, including cricket, football, athletics, and tennis, adidas continues to be at the forefront of sporting excellence. The addition of Rishabh Pant to its athlete lineup further solidifies adidas’ continued dedication to sports and its commitment to fuelling the aspirations of the country’s young and aspiring athletes.
Virtusa Releases Sustainability Report for FY2023-24
Mumbai, India, 12 February 2025: Virtusa Corporation, a global leader in digital strategy, engineering, and IT services, has published its FY24 Sustainability Report, marking significant strides in its journey toward net-zero emissions and sustainable growth. The report showcases Virtusa’s alignment with the Science Based Targets initiative (SBTi) Net-Zero standard, detailing its advancements in decarbonization, renewable energy adoption, and responsible resource management. Virtusa was one of the first 100 software and services companies to have targets validated by SBTi.
With a commitment to achieving Net-Zero by 2040 and sourcing 100% renewable energy by 2030, the company highlights its progress in reducing environmental impact while fostering workplace diversity and strengthening governance practices. Virtusa’s sustainability strategy reflects to address global challenges and drive transformative change, ensuring a resilient future for all stakeholders.
Achieving Sustainability Milestones: Water, Plastics, and Decarbonization
In line with the commitment to managing water as a shared resource, Virtusa joined the CEO Water Mandate, aligning operations with global water sustainability goals. By embedding these principles into its core strategy, the company enhances its water stewardship efforts and ensures better outcomes for clients, investors, and the planet. In 2024, Virtusa also formulated a plastics policy that sets out the commitment to reducing the use of plastics, especially single-use plastic. The plastics policy complements the existing waste policies. The company is also driving decarbonization in the value chain to meet its SBTi targets. In FY24, Virtusa partnered with a globally recognized sustainability assessment provider to identify supply chain risks and track suppliers’ contributions to its Scope 3 reduction targets. The company also enhanced its sustainability offerings, focusing on four areas: regulatory and compliance reporting, decarbonization, climate and nature risks, and sustainability interventions in products and services.
Enabling Thriving and Future-Adaptive Communities:
Virtusa’s diversity charter is dedicated to fostering inclusive and adaptive communities and supporting employees of all backgrounds. This includes mentorship and career development opportunities that may consider an individual’s unique life experiences. Additionally, work practices such as flexible work hours, work-from-home policies, paid parental leave, support for individuals returning from caregiving-related career breaks, and upskilling programs for those returning from leave, further support our employees.
The company’s people management strategy focuses on enhancing employee experience through diversity, inclusion, health, safety, and continuous learning. Platforms such as Virtusa Thrive Academy, Virtusa Evolve, Edge Mobility, and AI-powered Skill Compass enable upskilling and career growth, ensuring a future-ready workforce. In FY24, over 7,000 employees earned certifications across various fields, underscoring the company’s commitment to innovation and expertise.
Biodiversity commitments:
While biodiversity has little material impact on direct business operations, Virtusa has invested in multiple biodiversity restoration projects due to its crucial role in maintaining the balance of natural ecosystems. In FY2024, the company continued supporting the LIFE to Our Forests program in partnership with Biodiversity Sri Lanka (BSL), restoring 10 hectares of degraded land in the Kanneliya Forest Reserve, a UNESCO Biosphere Reserve. Virtusa also partnered with BSL to restore 10 hectares in the Anavilundawa Ramsar Wetland Sanctuary through the LIFE to Our Mangroves initiative. Through the Solar Harmony Borewells initiative, the company installed 10 solar-powered borewells in the Amrabad Tiger Reserve to ensure a reliable water supply for the reserve’s wildlife and provide water for the local Chenchu tribal community.
These projects have received national and international recognition. LIFE to Our Forests was awarded the Preferred by Nature’s Ecosystem Restoration Standard and LIFE to Our Mangroves contributes to Sri Lanka’s goal of increasing mangrove cover by 50% by 2030, which has been selected as a 2024 World Restoration Flagship project by the UN. In addition, Virtusa won the Best Rural Development and Environmental Sustainability Project Award from the Nirmaan Organization for the Solar Harmony Borewells initiative.
Amit Bajoria, Executive Vice President and CFO, Virtusa, stated, “At Virtusa, we see sustainability as an important responsibility that calls for everyone to work together. It is a key part of our mission, driving growth and new ideas through partnerships with our customers and efforts to lower our environmental impact. We have increased our use of renewable energy and started a meaningful journey toward sustainability with our ‘Engineering First’ approach. This reflects our promise to help create a safer, greener, more productive, and connected future.”
Sustainability is a fundamental part of Virtusa’s purpose, integrating innovation with responsibility to drive value and growth. The company’s strategy, alongside its partnerships and client collaborations, continues to strengthen its position as a global leader, committed to building a sustainable world through Engineering with a Purpose.