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Deloitte aims $5B revenue from India business by 2030: South Asia CEO
YourStory
·
10m ago
Medial
Global accounting firm Deloitte aims to achieve $5 billion in revenue from its India business by 2030, a fourfold increase. The company's South Asia CEO, Romal Shetty, stated that they want to become the undisputed leader in professional services. Deloitte India's revenue reached approximately Rs 10,000 crore in the 2023-2024 fiscal year, marking a 30% growth. The company also aims for revenues of Rs 20,000 crore by 2027. Deloitte India contributed 10% to global revenue growth and 70% to the Asia Pacific region's growth. The firm's global revenue increased 3.6% to $67.2 billion in the fiscal year ending in May 2024.
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Practo aims to double international revenue in 3 years, says CEO
VCCircle
·
2m ago
Medial
Practo, an Indian healthcare platform, plans to double its international revenue within three years by expanding in developed markets. Currently, around 20% of its revenue comes from international markets, mainly through its hospital management software in regions like South East Asia, the Middle East, and Africa. Practo also aims to enhance its consumer-facing platform presence beyond India, particularly in Dubai, Sharjah, and Abu Dhabi, contributing to overall revenue growth, according to CEO Shashank ND.
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Universal Music Group announces changes to India senior leadership team
Livemint
·
1y ago
Medial
Universal Music Group has made changes to its leadership team in India, promoting Sanujeet Bhujabal to the role of managing director of Universal Music India and South Asia. Bhujabal, who was previously the executive vice president of content, will report to Devraj Sanyal, chairman and CEO of Universal Music India & South Asia. Additionally, Viral Jani has been appointed as the chief revenue officer for Universal Music India and South Asia. With the rise of non-film songs in India, music labels are focusing on expanding their catalogues and reaching a wider audience.
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Deloitte South Asia CEO says trade and tariff disputes unlikely to persist indefinitely
Economic Times
·
17d ago
Medial
Deloitte South Asia CEO Romal Shetty believes that current trade and tariff disputes won't last indefinitely. He anticipates easing tensions in a few months, highlighting strengthened India-US relations due to shared interests and strategic geopolitical positioning. Both countries are negotiating a crucial trade pact, with another round of talks planned in August. Shetty is optimistic about resolving the disputes and sees India's strong position benefiting its strategic and geopolitical standing.
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Tim Cook Says Apple’s India Revenue Highest In Dec Quarter Pushed By Increased iPhone Sales
Inc42
·
1y ago
Medial
Tech giant Apple reported its highest revenue from India in the December quarter, driven by increased iPhone sales and higher adoption by enterprises. The company's India business recorded revenue of INR 49.3K Cr (almost $6 Bn) in FY23, a 48% increase from the previous year. Apple CEO Tim Cook highlighted the strong double-digit growth in revenue from emerging markets, with India showing consistent growth throughout the year. Apple also achieved revenue records in several other countries and regions, including Europe and the rest of the Asia Pacific.
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Ultraviolette enters Europe, eyes 35 pc of revenue from global exports by 2028
Economic Times
·
1m ago
Medial
Ultraviolette, an electric motorcycle manufacturer, has entered the European market, aiming for up to 35% of revenue from exports by 2028. The company launched its flagship models, the F77 MACH 2 and F77 SuperStreet, in several European countries, including Germany and France. CEO Narayan Subramaniam highlighted Europe's motorcycling culture and the advantages of European certifications. Ultraviolette plans to expand further into South East Asia and Latin America, maintaining manufacturing in India.
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Deeptech startup ALT CARBON raises $12 Mn in seed round
Entrackr
·
2m ago
Medial
Deeptech startup ALT CARBON has raised $12 million (about Rs 102.8 crore) in a seed funding round led by Lachy Groom along with participation from Shastra VC and other angel investors such as Jason Zhao, Amrendra Singh, Tanmay Bhat, Arjun Soin, Nakuul Mehta, Arjun Ramani, Advaith Vishwanath, and Rahul Seth. The fresh funds will be allocated towards building new projects which enable carbon dioxide removal (CDR) across South Asia and spending on research and development. Founded by Shrey and Sparsh Agarwal in 2023, ALT CARBON helps farmers and scientists in utilizing dormant lands as carbon removal sinks. It aims to leverage technologies like Enhanced Rock Weathering in making South Asia a hub for CDR. With this round, the Bengaluru-based startup plans to improve its science, conduct advanced R&D, collect high-quality data, and create Machine Learning models that accelerate its operations. Its flagship project, the Darjeeling Revival Project (DRP), aims to revive degraded soils, restore livelihoods, and rebuild ecosystems in Darjeeling, India. ALT CARBON aims to remove 5 million metric tons of CO2 by 2030 and become a leader in CDR in South Asia. The startup collaborates with local agricultural communities and organizations like Frontier and Shopify. ERW not only removes CO2 but also improves soil health, potentially boosting crop yields and supporting local livelihoods.
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Honeywell appoints Anant Maheshwari as President and CEO of its High Growth Region Portfolio
IndianStartupNews
·
2y ago
Medial
Anant Maheshwari has been named President and CEO of Honeywell's High Growth Region Portfolio. In his new role, Maheshwari will oversee Honeywell's business operations in India, South East Asia, and Africa, focusing on driving growth and innovation across various sectors. This appointment reflects Honeywell's commitment to expanding its presence and impact in these high-potential regions.
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Nykaa appoints ex-Myntra exec to strengthen its fashion vertical; incorporates new unit in GCC
YourStory
·
8m ago
Medial
FSN E-Commerce Ventures, the parent company of Nykaa, has appointed Abhijeet Dabas as the EVP and Business Head of fashion eCommerce. Dabas will be responsible for leading Nykaa Fashion's online growth strategy, expanding its global footprint, and building strategic partnerships. Prior to this, Dabas was CEO of South East Asia at Cars24 and VP of Business at Swiggy. Nykaa recently revealed its Q2 results, with its fashion vertical seeing limited growth due to seasonality. However, revenue increased by 22% mainly due to the success of its digital content platform, Little Black Book.
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Humain planning $10B VC fund to invest in US, European and Asian startups | TechCrunch
TechCrunch
·
2m ago
Medial
Humain, a Saudi Arabian state-owned AI company, plans to launch a $10 billion venture fund to invest in startups across the U.S., Europe, and Asia. The company is in discussions with U.S. firms and exploring selling an equity stake in its data center business. Humain aims to process 7% of global AI training by 2030, partnering with companies like Nvidia, AMD, and Amazon, with plans to expand its data center capacity significantly by 2030.
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IPO-bound Unicommerce eyes sustainable growth with new strategies: CEO | Mint
Livemint
·
1y ago
Medial
Indian e-commerce enablement company Unicommerce plans to prioritize profitability even after its upcoming IPO, CEO Kapil Makhija said. Their growth strategy is centered around domestic and international expansion, as well as launching new products. Unicommerce aims to increase its penetration in India by attracting more brands and boosting revenue from existing ones. Additionally, the company plans to expand in Southeast Asia and the Middle East and potentially explore other geographies like Africa, Latin America, and Europe. Unicommerce offers a range of solutions to streamline business operations for sellers and direct-to-consumer brands.
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