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Madhvani Group plans Rs 10,000 cr investment over next 5 years

Economic Times

Economic Times · 2m ago

Madhvani Group plans Rs 10,000 cr investment over next 5 years

Madhvani Group, a Ugandan conglomerate, plans to invest Rs 10,000 crore in India over the next five years. Promoter Shrai Madhvani discussed the investment with Prime Minister Narendra Modi, highlighting the initiatives supported by India's pro-business policies. The investment aims to generate employment and contribute to industrial growth. Madhvani's decision to invest is influenced by Modi's policies like Ease of Doing Business and Make in India, with a focus on returning to the company's roots in India.

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Top line can grow to Rs 2.5 lakh Cr in 5-10 yrs if we execute well: Zepto CEO

YourStory

YourStory · 1y ago

Top line can grow to Rs 2.5 lakh Cr in 5-10 yrs if we execute well: Zepto CEO

Quick commerce startup, Zepto, aims to grow its revenue to Rs 2.5 lakh crore in the next 5-10 years if successful in executing its business plans. The company's CEO, Aadit Palicha, highlighted the importance of the grocery and household essentials market in India, stating that it is larger than all other categories served by leading ecommerce platforms Flipkart and Amazon combined. Zepto's revenue has already grown over five-fold to Rs 10,000 crore in FY24, and the company recently raised $665 million in funding. Zepto plans to expand its warehouses and increase its market share in the quick ecommerce sector.

Adani’s airport outlay plans at ₹60k crore in 10 years

Livemint

Livemint · 1y ago

Adani’s airport outlay plans at ₹60k crore in 10 years

The Adani Group plans to invest around ₹60,000 crore ($8.1 billion) to expand its existing airports over the next 5-10 years. The investment will primarily focus on enhancing terminal and runway capacity over a period of five years and developing the city-side infrastructure over a decade. The funding will come from the parent company's internal accruals. Adani operates airports in Mumbai, Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram. The group aims to more than double its airport capacity by 2040 and sees smaller cities becoming hubs for international passengers.

OYO owned Innov8 reports net profit of Rs 62 Cr in FY24

YourStory

YourStory · 8m ago

OYO owned Innov8 reports net profit of Rs 62 Cr in FY24

Coworking space provider Innov8 reported a profit after tax of Rs 62 crore in FY24, up from Rs 2.5 crore in FY23. The company credited its asset-light operating model and low capex investment for its growth. Innov8 was acquired by OYO Hotels and Homes in 2019 for Rs 220 crore. The company currently operates in 10 cities and plans to double its centers and expand its seat capacity to over 50,000 by 2025. Innov8 is raising Rs 100 crore to support its expansion plans, including acquisitions and technology upgrades. It also aims to add four million square feet of managed office space over the next three years.

Gautam Adani has a new $5 billion business idea in mind | Company Business News

Livemint

Livemint · 9m ago

Gautam Adani has a new $5 billion business idea in mind | Company Business News

The Adani Group is set to invest $5 billion in India's metals business, expanding its reach beyond the cement sector. The conglomerate plans to focus on mining, refining, and production of copper, iron and steel, and aluminium over the next 3-5 years. This move will challenge existing players in the industry such as Vedanta, Hindalco Industries, and Tata Group. Adani aims to leverage its synergies with its renewable energy, transmission, logistics, ports, and infrastructure businesses to create an end-to-end ecosystem and control production costs. The company's investment in metals will support its green energy goals and reduce dependence on imports.

Men’s fashion brand Snitch bags INR 110 Cr to sharpen offline play

Inc42 · 1y ago

Men's fashion brand Snitch has raised INR 110 Cr ($13.19 Mn) in a Series A funding round co-led by SWC Global and IvyCap Ventures. The Bengaluru-based D2C brand plans to use the investment to boost its talent and technology, as well as develop an offline retail strategy. Snitch achieved a turnover of over INR 100 Cr in FY23 and aims to achieve over 100% growth in FY24. The brand intends to open more than 100 offline stores across India within the next 4-5 years.

Tata Group to invest in electronic manufacturing unit, green energy sector in Assam

YourStory

YourStory · 6m ago

Tata Group to invest in electronic manufacturing unit, green energy sector in Assam

Tata Group plans to invest Rs 25,000 crore in an electronics manufacturing unit in Assam, focusing on semiconductor technology and green energy sectors. The investment aims to boost economic development, create 30,000 jobs, and establish a renewable energy partnership with the state government. Chairman Natarajan Chandrasekaran highlighted the semiconductor unit in Jagiroad as a key project, alongside initiatives for solar rooftops in 3 lakh households and generating 5 GW of renewable energy over six years.

OnePlus to invest Rs 6,000 cr in India biz over next 3 years

YourStory

YourStory · 8m ago

OnePlus to invest Rs 6,000 cr in India biz over next 3 years

Chinese smartphone manufacturer OnePlus has announced plans to invest up to Rs 6,000 crore (approximately $805 million) in its India business over the next three years. The investment will be made under 'Project Starlight', with an annual amount of Rs 2,000 crore allocated to boost product innovation, improve services, and develop India-specific features. The company aims to enhance the durability of its devices and provide exceptional customer service. OnePlus India CEO Robin Liu stated that India remains a top priority for the brand globally.

Colour and bling: Aditya Birla Group eyes $25 bn rev from consumer ops in 5 years as it enters crowded jewelley market | Mint

Livemint

Livemint · 1y ago

Colour and bling: Aditya Birla Group eyes $25 bn rev from consumer ops in 5 years as it enters crowded jewelley market | Mint

The Aditya Birla Group plans to expand its consumer business to $25 billion within the next five years, with a focus on new segments such as paints and jewellery. The group recently entered the branded jewellery business with an investment of ₹5,000 crore. Aditya Birla Group expects to become one of the top three national jewellery retailers and aims for a 50% compounded annual growth rate. The expansion into jewellery and paints is part of the group's strategy to increase its revenue from consumer businesses to over 25% in the next five years.

Ladurée’s local arm mulls ₹60 cr offline store expansion

Livemint

Livemint · 1y ago

Ladurée’s local arm mulls ₹60 cr offline store expansion

CK Lifestyle LLP, the Indian unit of CK Israni Group, plans to open about 20 outlets of luxury Parisian pastry chain Ladurée in India over the next three years. The company, which acquired the master franchise rights in India, will invest ₹50-60 crore in developing the stores. Currently, there are four Ladurée stores in Delhi-NCR, with the next expansion phase set to target Mumbai, Kolkata, Bengaluru, and Pune. CK Lifestyle aims for profitability within five years and expects a 50% annual growth in operations.

Major Investment: Motilal Oswal Alternates Funds Simpolo Group's Rs. 1,000 Cr Growth

VCCircle

VCCircle · 1y ago

Major Investment: Motilal Oswal Alternates Funds Simpolo Group's Rs. 1,000 Cr Growth

India's Simpolo Group plans to invest over Rs 1,000 crore ($135 million) in expanding its ceramic manufacturing capacity. The expansion will include the construction of two new manufacturing facilities in Gujarat and Andhra Pradesh. The Malia plant in Gujarat, with an investment of Rs 650 crore, is expected to begin operations in FY26 and will create over 400 employment opportunities. The Naidupeta plant in Andhra Pradesh, with an investment of over Rs 350 crore, aims to start operations in FY25 and is projected to create 300 employment opportunities.

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