Category: Business

Kolkata (West Bengal) [India], March 12: Kolkata-based men’s grooming and wellness startup Yes Sir has secured fresh investment from Kolkata Ventures and Bengal Angel Network, as the fast-growing platform looks to accelerate expansion across India’s rapidly evolving men’s personal care and wellness market.

Launched in 2024, Yes Sir has quickly emerged as a specialised platform offering on-demand grooming and massage services exclusively for men, building a strong presence across 13 cities including Delhi, Kolkata, Mumbai, Bengaluru, Hyderabad, Pune, Ahmedabad, Lucknow, Chandigarh, Noida, Gurgaon, Ghaziabad and Faridabad.

The company is currently valued at ₹118 crore and has served over 1 lakh customers, with a repeat usage rate of 74 per cent, reflecting strong customer retention in the growing male wellness segment.

Yes Sir has 250+ trained wellness professionals in 13 cities, earning ₹75,000 per month on average, creating a premium gig economy segment. Given the company’s focus on privacy & LGBTQ friendly model, gay and bisexual men also feel non-judged at Yes Sir.

Lead Investor and MD of Kolkata Ventures, Avelo Roy, said, “Urban men across India are waking up to the reality that they are not just ATMs serving their family. At Yes Sir, men are pampered by men. Be selfish, gratify your senses and return to your responsibilities with a fresh body & mind. 

Bengal Angel Network, which participated in the investment, comprises several prominent Bengali entrepreneurs and business leaders including CAB President and former Indian cricket captain Sourav Ganguly, Chandrasekhar Ghosh, Chairman of Bandhan group, Samit Ghosh, Founder of Ujjivan Bank and Suvankar Sen, Managing Director and CEO of Senco Gold, among others.

Kolkata Ventures is regarded as East India’s largest startup incubator, having supported more than 550 revenue-generating startups over the past decade. The organisation operates as an Indo–US collaboration with investors from India and the United States, aimed at fostering entrepreneurship and driving economic growth in eastern India.

The fresh capital will be used to expand into new cities, strengthen technology infrastructure and scale operations, as  Yes Sir aims to consolidate its position in India’s fast-growing men’s grooming and wellness market.

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New Delhi [India], March 11: In today’s rapidly evolving business landscape, a new generation of entrepreneurs is emerging with ideas that go beyond profit to create meaningful impact. These dynamic leaders are not only building successful enterprises but are also redefining industries through innovation, resilience, and purpose-driven strategies. From embracing technology to addressing real-world challenges, they are shaping businesses that contribute to economic growth while delivering value to society.

Ashwani Kumar Sharma – Founder, ESIGN WEB SERVICES

Ashwani Kumar Sharma is the Founder and Director of eSign Web Services, a New Delhi–based digital marketing agency established in 2007. He is a digital marketing expert specializing in AI-powered SEO, Generative Engine Optimization (GEO), Google Ads management, social media marketing, content writing, and web design and development. Under his leadership, the agency has delivered strategic digital solutions to businesses across 25+ countries, helping brands build strong online visibility and sustainable growth. Known for combining data-driven strategies with ethical marketing practices, Ashwani focuses on measurable performance and long-term brand authority. His consultative approach enables startups, SMEs, and enterprises to align marketing initiatives with clear business objectives and scalable digital transformation.

For more information, visit: https://www.esignwebservices.com

Amit Sharma – Founder, Technocratiq Digital

Amit Sharma, founder of Technocratiq, is redefining India’s B2B landscape through 14 years of global expertise across the finance, healthcare, IT, and energy sectors. Since 2017, he has scaled impactful digital strategies for markets in the USA, UK, Middle East, and Southeast Asia.

An alumnus of LBS and JCU, Amit integrates his digital transformation and marketing background into his signature “Think-Innovate-Quantify” (TIQ) framework. By embedding advanced Artificial Intelligence across these critical industries, he enables businesses to transcend traditional marketing boundaries, delivering hyper-personalized client experiences at a global scale while turning data-driven insights into measurable market leadership.

For more information, visit: https://technocratiq.com/

Mohit Gupta, Founder, MD & Chairman of Expression 360

Mohit Gupta, Founder, Managing Director & Chairman of Expression 360 Services India Limited, is a visionary entrepreneur shaping India’s integrated communications ecosystem with strategic foresight and institutional discipline. With over 19 years of experience across advertising, media strategy, and government outreach, he has transformed the INS-accredited firm into a nationally trusted 360° communications enterprise empanelled with multiple central and state ministries and PSUs. Under his leadership, the company has delivered nationally awarded campaigns for SBI and BPCL, executed marquee platforms such as IITF 2024 and the Global Investors Summit 2025, and expanded operations across 25+ States and Union Territories. Known for governance-led growth, digital transformation, and scalable systems, he has grown the organization from 10 to over 200 professionals while actively steering capital structuring, leadership development, and the company’s IPO roadmap

For more information, visit: https://www.expression360.in/

Ajaay Beell – Founder, Chessy Finops

Ajaay Beell is a seasoned financial expert and the driving force behind Chessy Finops, a firm focused on helping individuals and families make informed, long-term financial decisions. With over 15 years of experience, Ajaay has worked with 1,250+ clients across India and globally, including the USA, UAE, Singapore, UK, Canada, and Nigeria.

Known for his clarity of thought and practical frameworks, he helps people align their financial choices with life goals, bringing discipline and strategic rigor to personal finance. Ajaay regularly engages audiences through corporate sessions and industry events, sharing insights on investment behaviour, disciplined wealth creation, risk awareness, and retirement readiness. His approach is rooted in education, long-term thinking, and empowering individuals to build confidence around their financial lives. Ajaay’s work has made an impact across diverse client segments and has established him as a trusted voice in financial empowerment.

For more information, visit – https://www.chessyfinops.com/

Rajinder Vashista – Chairman of Dev Bhoomi Group Companies

Rajinder Vashista, Chairman of the Dev Bhoomi Group Companies, continues to strengthen his presence in India’s evolving entertainment landscape with the expansion of Grand Cinemaz into Moga, Punjab. Known for his focus on identifying high-potential growth markets, Vashista has steadily positioned Grand Cinemaz as a fast-growing cinema chain catering to audiences beyond metropolitan cities.

The upcoming multiplex at Orbit Mall reflects this vision, bringing premium cinematic infrastructure to an emerging urban centre. Designed to offer a refined movie-going experience, the property will feature luxurious seating, advanced projection and sound systems, along with a thoughtfully curated food and beverage offering.

Under Vashista’s leadership, Grand Cinemaz has expanded across multiple cities, supported by a broader national growth strategy. The Moga launch represents another step in his approach of combining entertainment, accessibility, and community-centric experiences within India’s fast-changing leisure economy.

For more information, visit – https://grandcinemaz.com/

Priya Singhi Jain – Co-Founder, Emerge Digital

Priya Singhi Jain, Co-Founder and Head of Design at Emerge Digital, brings over 15 years of experience in building design-led digital brands that combine aesthetics with measurable business outcomes. With expertise spanning user experience, visual design, and strategic thinking, she has worked closely with leading e-commerce brands to develop high-performing, conversion-focused websites grounded in user behavior and growth strategy. Through Emerge Digital, Jain collaborates with several US-based brands, helping them scale through thoughtful design systems, seamless user journeys, and performance-driven execution, while ensuring that creative decisions contribute directly to stronger brand perception and long-term business value.

For more information, visit – https://emergedigital.co/

Tarun Kakar, Founder – EZY Wise Services

Tarun Kakar is a wealth management strategist and registered Mutual Funds Distributor with over 20 years of experience in the financial services industry. He is the Founder of EZY Wise Services (EWS), an independent investment solutions firm specializing in wealth management, insurance advisory, and family office services. Tarun advises individuals, HNIs, NRIs, and family-led businesses across India, helping them build disciplined, goal-oriented financial strategies. EWS today serves hundreds of families and is known for its personalized approach to portfolio management, retirement planning, and insurance solutions. Through investor education sessions, podcasts, and digital content, Tarun actively promotes financial awareness and encourages individuals to build long-term wealth through informed and responsible investing.

For more information, visit – https://www.linkedin.com/in/tarunkakar/

Mayan Bansal – Co-founder, The Blind Spot Media

Mayan Bansal, Co-Founder of The Blind Spot Media and Indian Business Times, is an AI-focused entrepreneur known for combining technology with creative marketing. With more than a decade of experience in branding and advertising, he has helped companies adopt AI-powered solutions that enhance productivity, reduce costs, and improve marketing outcomes. His work includes developing AI marketing videos, AI agents, automation tools, and digital strategies that support business growth. Beyond technology, Mayan also leads a creative studio dedicated to personal branding, producing high-quality podcasts, professional shoots, and digital media content for entrepreneurs and professionals looking to build a strong presence across modern platforms.

For more information, visit – https://theblindspotmedia.com/

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Mumbai (Maharashtra) [India], March 11: Dev Information Technology Limited,(NSE – DEVIT, BSE – 543462 | INE060X01034), a global IT services company providing AI, Cybersecurity, Cloud Services, Digital Transformation, Enterprise Applications, and Managed IT Services, with products like AI enabled Talligence and ByteSigner, has announced that XDuce has acquired a strategic stake of approximately 24% in the company to strengthen its AI, Cybersecurity and global footprint.

This strategic investment establishes a long-term alignment aimed at accelerating global digital transformation business while preserving the independent operations and identity of both organizations.

The investment is designed to deepen collaboration between XDuce and DEV IT, combining XDuce’s client relationships and market leadership in North America with DEV IT’s large-scale engineering capabilities and global delivery infrastructure, enabling enterprises and SMBs to design, build, and deploy modern digital systems faster.

Complementary Strengths Driving Global Growth

The alliance will serve as a high-velocity catalyst for global growth, prioritising a robust physical presence and diversified revenue streams as the collaboration brings together complementary strengths:

• XDuce: Incorporated in the US and UK with a long physical presence across North America, with strong consulting-led engagements focused on AI innovation, Cybersecurity, digital engineering, strong presence in BFSI, healthcare, education, and public services sectors.

• DEV IT: Strong offshore delivery capabilities backed by robust governance, engineering expertise focused on emerging technologies, and cost-efficient scalable execution.

Ensuring Continuity and Operational Stability

The strategic collaboration has been structured to ensure continuity and stability for customers, partners, and employees. Existing management teams at both XDuce and DEV IT will continue in their current roles, with no structural changes to the organizations, and business operations will continue without disruption.

Focus on Next-Generation Digital Technologies

Looking ahead, XDuce and DEV IT will jointly focus on high-growth, next-generation digital transformation technologies, including:

• Artificial Intelligence

• Blockchain

• Cloud

• Cybersecurity

• Data & Analytics

• Data Centre Operations

• Enterprise Digital Platforms

Creating Long-Term Value for Stakeholders

This alliance creates a unique “Best of Both Worlds” scenario for all stakeholders. For clients, it offers access to end-to-end IT services, a broader talent pool and 24/7 global delivery cycles. For internal operations, integrating XDuce’s market reach with DEV IT’s proven technical execution eliminates traditional offshore barriers, ensuring high-velocity project success.

Ultimately, this strategic move strengthens the balance sheet, increase enterprise level customers, and provides a clear path to becoming a top-tier global IT player, uniquely positioned to dominate high-growth sectors and deliver superior digital outcomes worldwide.

About XDuce: Headquartered in Edison, New Jersey, XDuce(www.xduce.com) is a technology-led global ecosystem focused on AI innovation, digital engineering, and enterprise platforms. For more than two decades, XDuce has helped organizations design and deliver modern technology systems across industries, including financial services, the public sector, education, and regulated enterprises. With a strong team of expert IT professionals, XDuce is a trusted leader in business transformation and strategic consulting.

Commenting on the development, Mr. Jay Dave, Founder, XDuce, said: “Our strategic investment in DEV IT reflects a shared vision to build a stronger global digital transformation platform especially on AI & Cybersecurity. With our established presence across North America and the UK, and deep relationships across sectors such as BFSI, healthcare, education, and the public services sectors, we see strong synergy with DEV IT’s engineering capabilities and global delivery strength. Together, we aim to accelerate our geographic expansion, multifold our client base, to help enterprises accelerate the design and deployment of modern digital systems at scale.”

Mr. Pranav Pandya, Chairman, Dev Information Technology Limited, added: “This strategic alignment with XDuce marks an important milestone in DEV IT’s global growth journey. XDuce’s strong presence in North America and the UK, combined with their enterprise relationships across key sectors, provides us with enhanced market access and new growth opportunities. By combining their consulting-led engagements with our scalable engineering and delivery capabilities, we are well positioned to accelerate digital transformation initiatives for clients worldwide especially in AI, Cybersecurity and MS Enterprise solutions and also expecting to improve margins.”

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New Delhi [India], March 11: HOMEFOIL, the premium consumer brand of LSKB Aluminium Foils Pvt. Ltd., has announced its strategic expansion into the paper-based packaging segment with the launch of its Grease proof Paper. Unveiled at AAHAR 2026, the International Food & Hospitality Fair, the move marks HOMEFOIL’s category diversification beyond its established aluminium foil portfolio.

The newly launched greaseproof paper offers oil resistance of up to 168 hours, significantly higher than conventional uncoated paper formats that typically withstand grease for only five to six hours. Designed to minimise oil seepage and staining, the paper helps maintain cleaner food handling and better presentation across both household and commercial kitchens.

Made using food-contact safe materials with FDA-compliant additives, the biodegradable and non-toxic paper aligns with HOMEFOIL’s focus on delivering safe, hygienic, and reliable packaging solutions for modern food service and retail needs.

The product was introduced to distributors, HoReCa operators and retail partners at AAHAR, reflecting growing demand for reliable grease management solutions across both household and food service environments.

The entry into grease-proof paper marks a strategic expansion of HOMEFOIL’s product portfolio, reinforcing the brand’s effort to provide a comprehensive range of hygiene-focused kitchen and food-protection solutions. By broadening its SKU basket, the company aims to offer consumers and food service operators a more integrated packaging choice under a single brand. The move comes at a time when the food packaging sector is witnessing increasing demand for functional and h7ygienic formats across both retail and HoReCa segments.

The new Grease Proof Paper has been designed to manage oil absorption, maintain food texture and support hygienic handling during cooking, storage and service. Manufactured in LSKB’s state-of-the-art facilities in Sonipat, the product offers consistent roll strength and thickness for everyday kitchen use, including food wrapping, baking preparation and microwave reheating. The initial rollout features three versatile variants: 20+5, 40, 75 and 90 metres roll, catering to both domestic kitchens and high-volume HoReCa (Hotel, Restaurant, and Catering) requirements. HOMEFOIL’s entry into this segment positions the brand to address these emerging needs while strengthening its presence across the food consumption value chain.

Commenting on the launch, Mr Kunal Bajaj, Director, Jupiter Group, added, “Food service operators today are managing higher volumes, faster turnaround times and stricter hygiene requirements. Packaging materials that perform consistently under these conditions are becoming critical. The rapid growth of quick service restaurants (QSRs), cloud kitchens, and the evolving food delivery and takeaway ecosystem has played a key role in driving demand for foil and allied packaging solutions in the Indian market. 

Lakshay Singhal, Director, LSKB Aluminium Foils Pvt. Ltd., said,  Our premium Golden Foil range has emerged as one of the most trusted and widely used products in our portfolio. As consumer expectations around hygiene, food safety and convenience continue to evolve, we see a clear opportunity to bring better quality solutions into the food packaging category. Our entry into grease proof paper is part of this journey — expanding our offerings while maintaining the same focus on reliability and performance. We believe initiatives like these will also contribute to the broader growth and quality standards of India’s food packaging ecosystem.”

The commercial rollout of HOMEFOIL Grease Proof Paper will commence in March 2026, with distribution across retail and institutional channels. The launch will be supported by the company’s extensive distribution network of over 150 distributors and more than 25,000 channel partners across India, enabling wide market access from the outset. In addition, HOMEFOIL products will be available across major e-commerce and quick commerce platforms including Amazon, Flipkart, Blinkit, Swiggy Instamart, Zepto and Hyperpure by Zomato.

Alongside the new category launch, HOMEFOIL showcased its flagship Golden Embossed Aluminium Foil, recognised as India’s first Golden Embossed Foil by LSKB, along with its innovative 2-in-1 Paper & Golden Foil and a comprehensive aluminium foil range designed for superior food preservation, hygiene and heat retention at AAHAR 2026. This established foil portfolio continues to provide the foundation for the brand’s expansion into adjacent and complementary food packaging categories.

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Jodhpur, (Rajasthan) [India], March 11: Vishnu Prakash R Punglia Limited(NSE: VPRPL, BSE: 543974 | INE0AE001013)

Background and Financial Update

Over the past nine months, the Company has navigated certain operational and financial challenges

primarily arising from payment cycle realignments, broader liquidity tightening across the

infrastructure sector. These factors were external and cyclical in nature and do not indicate any

structural weakness in the Company’s core operations or execution capabilities.

Promoter Support and Capital Infusion

• Promoters infused (Interest Free) approximately ₹285 Crores into the Company, including stake sale proceeds.

• The funds deployed to support liquidity stabilization and project execution.

Deleveraging and Reduction in Fund Based Exposure

• Approximately ₹328 Crores of debt has been repaid.

• Nearly 50% reduction in overall bank borrowings.

• TReDS outstanding reduced from ₹345 Crores to ₹17 Crores.

• Significant strengthening of balance sheet and working capital discipline.

Banking Facilities Position

Working Capital (OD) – Fund Based

• Sanctioned: ₹200.00 Cr

• Outstanding: ₹198.00 Cr

• Lender: Consortium led by BOB

• Purpose: EPC Working Capital

Term Loan – Fund Based

• Sanctioned: ₹191.71 Cr

• Outstanding: ₹108.06 Cr

• Lender: Various Banks

• Purpose: Equipment & Project Finance

TReDS (PBD) – Fund Based

• Sanctioned: ₹345.00 Cr

• Outstanding: ₹17.00 Cr

• Lender: Banks

• Purpose: Bill Discounting

Total Fund Based

• Sanctioned: ₹736.71 Cr

• Outstanding: ₹323.06 Cr

BG / LC Limits – Non-Fund Based

• Sanctioned: ₹515.00 Cr

• Outstanding: ₹515.00 Cr

• Lender: Consortium

• Purpose: PBG & FBG

Total FB + NFB Exposure

• Outstanding: ₹838.06 Cr

Sanctioned limits as on March 2025

Unsecured Loans from Promoters

Unsecured Loan (Interest Free)

• Outstanding: ₹285.00 Cr

• Source: Promoters & Promoter Group

• Purpose: Liquidity and Project Funding Support.

Operational Update

• ₹232 Crores inflows received during the last quarter.

• Payment cycles are gradually normalizing.

• Strong order book of approximately ₹4,500+ Crores providing revenue visibility.

Management Comment

The Management confirms that through promoter capital infusion, substantial reduction in fund-based limits, interest-free unsecured loans, and disciplined financial management, the Company has materially strengthened its balance sheet. The liquidity position is stabilizing, and the Company remains committed to transparency, financial prudence, and long-term shareholder value creation.

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