Tag: Business

Chennai (Tamil Nadu) [India], July 15: Phantom Digital Effects Limited (NSE: PHANTOMFX), one of India’s fastest-growing and globally recognized VFX studios, is pleased to announce the successful completion of its Qualified Institutions Placement (QIP). The company has raised ₹59.99 Crore through the issuance of 23,43,600 equity shares at ₹256 per share (including a premium of ₹246 per share), reflecting a discount of 4.78% (i.e. Rs.12.85/- per Equity Share) to the floor price of ₹268.85 per share.

This fundraise comes at a transformative time for PhantomFX, as it accelerates strategic investments across creative infrastructure, talent acquisition, and international operations, including its recent acquisition of Oscar winning Tippett Studio.

Allotment Details – Major Investors (more than 5% allocation in QIP):

Name	Shares	Price (₹)	Amount (₹)	% of securities allotted in QIP
Vikasa India EIF I Fund	1,95,300	256	4,99,96,800	8.33%
Moneywise Financial Services Private Limited	1,95,300	256	4,99,96,800	8.33%
Beacon Stone Capital VCC – Beacon Stone I	1,95,300	256	4,99,96,800	8.33%
UNICO Global Opportunities Fund Limited	1,75,800	256	4,50,04,800	7.50%
Shine Star Build Cap Private Limited	2,73,300	256	6,99,64,800	11.66%
HDFC Bank Limited	1,36,800	256	3,50,20,800	5.84%

Commenting on the QIP, Mr. Bejoy Arputharaj S., Managing Director of Phantom Digital Effects Limited, said, “This fundraise is not just about capital, it’s a testament to confidence. The enthusiastic participation of leading institutional investors is a clear validation of PhantomFX’s vision, our consistent execution, and our positioning as a global creative force. It reflects the industry’s recognition of our unique blend of innovation, storytelling excellence, and international scalability. We are not simply growing a business we are shaping the future of visual storytelling by building a future ready powerhouse that seamlessly integrates cutting edge technology, artistic brilliance, and cross border capabilities.

With the backing of this QIP, we are now better equipped to fast track our expansion into key international markets, further integrate iconic entities like Tippett Studio, and invest in infrastructure, talent, and AI driven creative workflows. Our roadmap is bold and purposeful focused on delivering unmatched value to our clients, nurturing long term partnerships, and raising the global benchmark for VFX excellence. This is a defining chapter in our journey and for PhantomFX, the most exciting phase is only just beginning.”

Global VFX Industry on the Rise: India’s Strategic Role and PhantomFX’s Impact

The global VFX market is witnessing rapid expansion, projected to grow from
US$ 15 billion in 2023 to US$ 30 billion by 2030, at a CAGR of 10.7%. Closer to home, the Indian VFX industry is estimated at ₹11,400 crore (US$ 1.38 billion) in 2023, with visual effects alone contributing ₹5,400 crore (US$ 647 million). Backed by over 4,000 studios, strong government incentives, and rising global demand, India is emerging as a global powerhouse for high quality VFX services. (Source: IBEF)

At the forefront of this transformation is PhantomFX, a studio delivering acclaimed work for titles like Ayalaan, Salaar, RRR, Leo, and The Flash. Recognized as the first Indian studio to create an entirely VFX-driven alien character, PhantomFX brought “Tattoo” to life in Ayalaan a landmark moment in Indian cinema, PhantomFX has executed over 500 projects, employs 650+ artists, and posted ₹102 crore in revenue for FY25. With cutting edge infrastructure and a fast-growing global presence, PhantomFX is helping define the future of India’s VFX leadership on the world stage

About Phantom Digital Effects Limited

PhantomFX (NSE: PHANTOMFX) is a full-service creative studio specializing in high-end Visual Effects (VFX) for films, television, commercials, and streaming platforms. Headquartered in India, the company operates four state-of-the-art facilities across Chennai, Mumbai, Hyderabad, and Bangalore, supported by a team of over 500 highly skilled artists.

PhantomFX continues to expand its global footprint through strategic growth initiatives, with operational hubs now established in the USA, Canada, UK, China, and Dubai. The company holds TPN Gold certification and has a strong legacy of delivering end-to-end VFX solutions to major global production houses.

In a major milestone, PhantomFX has successfully acquired Tippett Studio, an Oscar-winning American VFX company headquartered in Berkeley, San Francisco. This strategic expansion positions PhantomFX at the forefront of the global VFX industry, enhancing its creative capabilities and service reach.

Financial Highlights (FY 24–25)

● Total Income: ₹104.37 Crore

● EBITDA: ₹39.69 Crore

● Net Profit: ₹20.20 Crore

Disclaimer

Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

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Moradabad (Uttar Pradesh) [India], July 15: KISNA Diamond and Gold Jewellery proudly announced the grand opening of its 17^th exclusive showroom in Uttar Pradesh, Moradabad and the 83rd showroom nationally, located at Kanth Road. The inauguration was graced by Mr. Ghanshyam Dholakia, Founder & Managing Director, Hari Krishna Group, Mr. Bhupendra Singh Choudhary, State President, BJP, and Mr. Ritesh Gupta, MLA Moradabad.

With the festive season around the corner, KISNA is offering Flat 50% off on making charges of diamond jewellery and Flat 20% off on making charges of gold jewellery, along with an additional 5% instant discount on ICICI Bank credit and debit cards. (T&C Apply)

Mr. Ghanshyam Dholakia, Founder & Managing Director, Hari Krishna Group, stated: “Moradabad is a fast-growing city, by entering this market, we’re not only expanding our retail footprint but also strengthening our connection with consumers. This launch also aligns with our vision, ‘Har Ghar KISNA,’ where we aim to be India’s fastest-growing jewellery brand, making every woman’s dream of owning diamond jewellery come true.’’

Mr. Parag Shah, Director, KISNA, added: “Our Moradabad showroom is designed to offer an immersive shopping experience, combining traditional charm with modern luxury. As the festive season approaches, we invite consumers to explore our curated collections and enjoy exciting offers that make every occasion even more special.’’

Mittal Family, Franchise Partners, KISNA said: “We are thrilled to bring KISNA’s elegance to the people of Moradabad. The brand’s consumer-first approach, vast design range, and value-added services promise to deliver a jewellery experience unlike any other. We’re confident this showroom will become a favourite destination for festive and everyday jewellery needs.’’

In line with KISNA’s commitment to giving back to the community, the brand organized a blood donation camp as part of the launch event. Also, it hosted a food distribution drive for the underprivileged.

About KISNA Diamond & Gold Jewellery

Launched in 2005, KISNA is the flagship diamond and gold jewellery brand from the Hari Krishna Group. KISNA has established an extensive distribution network, reaching over 1,500 shop-in-shop outlets across 28 states in India. The brand now boasts 80+ exclusive showrooms across the country. With ethical sourcing of diamonds from mines to market, KISNA offers an unmatched portfolio of unique designs. KISNA’s wide range of products includes Rings, Earrings, Pendants, Mangalsutras, Necklaces, Bangles, Bracelets, Nose Pins inclusive men’s jewellery in 14KT and 18KT gold, all 100% IGI Certified and BIS Hallmarked. The company also provides 90% Buyback and 95% Exchange on diamond jewellery, including making charges.

KISNA Diamond & Gold Jewellery’s online platform is a curated space where elegance meets convenience. As your trusted online brand, we offer a seamless shopping experience, featuring the latest diamond and gold jewellery designs. Explore timeless sophistication with KISNA, your ultimate destination for authentic and stylish pieces on www.kisna.com

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Hyderabad (Telangana) [India], July 15: Hyderabad is a city steeped in grandeur, a place where culture and elegance have coexisted for centuries. So it’s no surprise that when it comes to men’s ethnic wear, Hyderabad doesn’t just offer choice, it offers charisma. From regal sherwanis to minimalist kurtas, from legacy labels to disruptive newcomers, the city’s fashion landscape for men is diverse, distinctive and deeply rooted in heritage.

Whether you’re dressing for a wedding, a festival or simply want to bring a touch of tradition into your wardrobe, these 10 standout ethnic wear stores in Hyderabad offer something for every aesthetic, every budget and every occasion.

1. Kalpraag

Kalpraag has rapidly become a phenomenon in Hyderabad’s fashion scene, not just for what it offers, but for what it represents. The store has reimagined men’s ethnic wear into an art form – a careful balance of culture and cutting-edge craftsmanship. Situated in the heart of the city, Kalpraag’s space feels like a temple of style, offering a curated collection of eloquent sherwanis, Nehru jackets and exquisitely crafted kurtas that are nothing short of masterpieces.

Each piece is steeped in detail – luxe fabrics, flawless tailoring, and silhouettes that exude quiet power. Kalpraag’s strength lies in its control, every thread, every panel, every button placement is intentional. Their design language commands attention. In just over a year, the Kalpraag has become the No. 1 ethnic wear brand in India and has built a cult following of men who don’t just want to dress well, they want to dress with distinction. For grooms, dignitaries, and style purists alike, Kalpraag exudes eloquence boldly and with pride.

2. Sabyasachi

Sabyasachi’s Hyderabad flagship brings high-fashion Indian heritage to the local menswear scene. Known globally for couture-level craftsmanship, the label offers intricately embroidered sherwanis, luxe bandhgalas, and heritage kurtas that speak of old world nobility fused with contemporary styling. Every button and motif carries a story, perfect for grooms or event attendees who want couture distinction woven into every fibre.

3.Kalki

Kalki may be more prominent in women’s fashion, but its Hyderabad presence includes a growing menswear section that deserves attention. Known for its dramatic detailing and bridal-friendly aesthetics, Kalki’s ethnic wear for men mirrors its women’s line: bold, shiny, and built for the big day. It’s not for the understated dresser, but if you’re a groom or a guest who wants to make a visual impact, Kalki has enough punch to put you front and center in any frame.

4. Pernia’s Pop-Up Studio

For fashion connoisseurs with a taste for the extraordinary, the Pernia’s Pop-Up Studio in Hyderabad is a curated dreamscape of India’s top designer labels. Housing everything from contemporary couture to heritage-inspired lehengas, this studio is a one-stop destination for the style-savvy. Whether you’re shopping for a wedding, a festive soirée, or just a touch of glamour, the space offers a seamless blend of luxury, variety, and personalization. It’s a place where the city’s fashion-forward go to make statements.

 5. Tarun Tahilani

For those willing to go all out, Tarun Tahiliani’s Hyderabad flagship is pure fashion indulgence. Known for opulent textures, sculpted silhouettes, and regal embroidery, his menswear line is one of the most luxurious in India. From dramatic sherwanis to statement jackets, every piece is crafted with old-world richness and modern elegance.This is not a store you visit casually. It’s where Hyderabad’s elite come for wedding attire, fashion events, and once-in-a-lifetime moments.

6. Raghavendra Rathore

Raghavendra Rathore’s menswear label has a noted presence in Hyderabad and is celebrated for reviving the Bandhgala jacket with global refinement. His bespoke sherwanis and bandhgalas are meticulously cut, blending Jodhpur’s elegant structure with Indian aristocratic lineage. It’s a perfect match for style-driven men seeking modern classicism rooted in heritage.

7. Rahul Mishra

Rahul Mishra’s debut standalone store in Hyderabad is a landmark for couture connoisseurs. The store showcases both his couture line and the ready-to-wear. If you view clothing as art, his intricate, nature‑inspired menswear blending botanical embroidery, texture play and global craft is a must‑visit. This is where couture and cultural craftsmanship converge.

Hyderabad’s menswear scene is as diverse as the city itself. From ultra-luxury labels to old-school royalty and everyday staples, the city has something for every style, size, and celebration. Whether you’re shopping for your wedding or just want a wardrobe refresh with Indian flair, these stores deliver on quality, experience, and presence.

8. Tasva

Tasva, the brainchild of designer Tarun Tahiliani and Aditya Birla Fashion, has swiftly gained traction in Hyderabad for bringing couture sensibilities to a wider audience. The store offers men’s ethnic wear with designer-level detailing, from structured sherwanis and asymmetric kurtas to rich bandhgalas and festive jackets. Every piece feels refined, yet remains accessible in terms of pricing and availability. What makes Tasva a standout is its ability to cater to the Indian man who wants designer polish without going full couture.

9. Manyavar

Manyavar’s Hyderabad stores offer exactly what the brand is known for – festive menswear with high visibility and mass appeal. Think jewel-toned sherwanis, intricately embroidered jackets, and well-fitted kurtas in every shade imaginable. The stores are well-organized, the staff know what they’re doing, and the options are tailor-made for wedding shoppers who want style without too much guesswork. Manyavar’s sheer range and availability make it one of the most dependable stops for ethnic wear in the city.

10. Raymond

Raymond might be known primarily for its formal suits and fabric legacy, but its Hyderabad stores also carry a surprisingly strong ethnic collection for men. With a growing focus on Indo-western fashion, Raymond has infused its signature tailoring precision into kurtas, Nehru jackets, and festive formalwear. What makes Raymond stand out is its fit-first approach. You’re not just buying ethnic wear, you’re getting garments cut to perfection.

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New Delhi [India], July 15: Rudra Ecovation Ltd, Asia’s largest vertically integrated recycling facility, participated in the Textile Fair India (TFI) held at Bharat Mandapam, Pragati Maidan, from July 10-12, 2025. The three-day event saw the who’s who of India’s textile and fashion industry, including major players like Reliance, coming together to explore sustainable innovations for the future.

Rudra Ecovation is India’s only integrated plastic recycling plant with a capacity to recycle over 8.8 million PET bottles each day, saving approximately 1.4 lakh metric tonnes of CO₂ emissions annually. Fabric Production capacity of 3,20,000 Sq. Mt. each day. At the event, the company showcased its flagship upcycled fabric innovation, Anaura.

Anaura versatile range of fabrics are widely used in fashion apparel, sportswear, and home furnishings, and is available in both 100% sustainable and blended fabric options. Not only sustainable, Anaura also meets the best international quality standards, making it the preferred choice for premium brands worldwide.

Rudra Ecovation displayed its recent merchandise collaborations for global giants Ferrari and Shell, underlining Anaura’s versatile application and premium quality. Leading Indian brands like Octave have also adopted Anaura for their product ranges.

Equipped with the latest European machinery and advanced AI & ML-based quality control systems, Rudra Ecovation is rapidly becoming the top preference for high-quality premium recycled fabrics in both domestic and global markets. Their commitment to India’s China Plus One strategy is evident, as the company strengthens its position as a reliable import substitute. With UK export markets opening up for textiles, Rudra Ecovation stands to benefit significantly, backed by its unique product range and massive production capacity of 3,20,000 sq. m. of Anaura fabric each day.

Speaking about the event, a company spokesperson said: “Textile Fair India (TFI) provided an excellent platform to highlight Rudra Ecovation’s commitment towards circular economy solutions. Anaura represents our dedication to creating high-quality, eco-conscious fabrics that empower brands to meet their sustainability goals without compromising on design or comfort.”

About Rudra Ecovation:

Rudra Ecovation is a pioneer in India’s recycling and sustainability landscape. With a fully integrated recycling setup, it transforms used PET bottles into high-quality recycled fibres and fabrics. Its diverse product range includes:

• Anaura – premium recycled fabrics for fashion, sports, and furnishings
• Recycled polyester staple fibre (PSF)
• Recycled PET flakes
• Yarns for textile and industrial applications
• Non-woven carpets for automotive, flooring, and industrial use

By innovating at scale and adopting cutting-edge technologies, Rudra Ecovation enables brands to switch to sustainable alternatives seamlessly and cost-effectively, supporting India’s journey towards self-reliance and environmental stewardship.

For more information, visit www.rudraecovation.com

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New Delhi [India], July 14:  Board of Directors of Bluegod Entertainment Limited (BSE – 539175), formerly known as Indra Industries Limited, is scheduled to meet on 16th July 2025 to consider and approve the proposal for stock split/subdivision of equity shares of the company. Currently face value of the company share is Rs. 10 per share. The stock split will be subject to approval of the Shareholders and such authorities as may be required under Section 61 of the Companies Act, 2013.

Bluegod Entertainment Limited continues to register an upward momentum financially. The company reported a robust financial performance for the quarter and year ended March 31, 2025. Annual sales rose by 511% to Rs. 2.30 crore from Rs. 45 lakhs in FY24. Net profit for FY25 was Rs. 1.82 crore in FY25, 10 10-fold increase from Rs. 0.17 crore net profit in FY24. For Q4 FY25 alone, the company recorded Rs. 2.04 crore in net revenue and Rs. 1.87 crore in net profit. This reflects solid quarter-on-quarter growth backed by stronger performance across business verticals.

Company continues to make significant strides in its transformative journey. The company is expanding its footprint in the entertainment sector through new film acquisitions, regional content ventures, and high-impact intellectual properties, while maintaining strong financial growth and strategic direction.

Highlights:

• For Q4 FY25, revenue stood at Rs. 2.04 crore with net profit of Rs. 1,87 crores
• Successfully raised Rs. 48.57 crore via rights issue of 4.86 crore equity shares at Rs. 10 per share
• Funds raised to support working capital and general corporate purposes
• The company has ventured into the entertainment sector and has bought rights for a few feature films

To fuel its expansion plans, the company recently completed a Rights Issue, raising Rs. 48.57 crore through allotment of 4,85,78,025 equity shares at a fixed price of Rs. 10 per share. The rights entitlement ratio for the rights issue was 15:2 (15 Rights Equity Shares for every 2 fully paid-up Equity Shares held on the Record Date of May 15, 2025). The issue was approved by the Board, and allotment was completed on June 23, 2025. The company also voluntarily appointed a SEBI-registered Credit Rating Agency to monitor the utilization of funds in accordance with SEBI (ICDR) norms. The issue was listed on June 16, 2025 and was oversubscribed by 1.06 times. The proceeds from the issue.

The proceeds from the rights issue will be deployed to augment the existing and incremental working capital requirements of the company and for general corporate purposes.

The company has diversified its portfolio and entered the entertainment industry with a focus on regional content. Bluegod Entertainment Limited has recently engaged in multiple film agreements. The company acquired the film “Roti Kapda aur Internet” from Laddu Gopal Ventures Private Limited. The company also secured the rights for two Gujarati films from Artment Films Limited: “Pressure” for Rs. 80 lakhs and “Choranta” for Rs 1 crore. Lastly, Bluegod Entertainment Limited also finalised a production agreement with Rajpal Naurang Yadav Ventures Pvt. Ltd. for the feature film “Nannhen Ki Shaadi,” with a budget of Rs. 2 crores.

About Bluegod Entertainment Limited:

Established in 1984 and headquartered in Indore, Bluegod Entertainment Limited (formerly Indra Industries Limited) has evolved from its core manufacturing operations to include entertainment and media ventures. They are the leading manufacturer of Single Super Phosphate (SSP) fertilisers and have also diversified into polymers, producing HDPE and PP woven sack bags for sectors like cement and fertilisers. With a renewed strategic focus and ongoing expansion, the company aims to position itself as a key player in both segments.

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Noida (Uttar Pradesh) [India], July 14:  Jaitwoc International Pvt. Ltd. proudly announces the nationwide launch of Root Botanié, India’s first gender-specific scalp microbiome care brand. Root Botanié, a next-generation haircare brand rooted in Ayurvedic science and clinical innovation tailored specifically for urban and suburban consumers battling stress, pollution, hormonal changes, and scalp imbalances.

Designed to treat the “silent epidemic” of hair fall and scalp disorders emerging in India’s cities and towns, Root Botanié bridges the gap between ancient herbal wisdom and modern biotech solutions. The launch marks a turning point in personalized hair wellness for both men and women, especially those impacted by environmental aggressors and lifestyle-induced damage.

A New Standard in Hair Wellness for Urban India

With rising hair fall, dandruff, thinning, and premature greying among city dwellers, Root Botanié steps in to address what most hair brands overlook—the health of the scalp microbiome.

Unlike generic formulations, Root Botanié’s products are gender-specific, scalp-first, and engineered for India’s harshest conditions:

• Air pollution & hard water exposure
• Postpartum or Hormonal Imbalance related hair loss in women
• Male pattern baldness & DHT triggers in men
• Sweat buildup & lifestyle fatigue from sedentary living
• Nutritional gaps caused by modern, imbalanced lifestyles. 

“We’re not just offering shampoo and serum—we’re restoring confidence,” said Sourabh Pandey, founder of Root Botanié. “Your scalp is your soil. It needs healing, balance, and protection. That’s what we deliver.”

Inside-Out Healing: Where Ayurveda Meets Science

The launch collection, branded under Folliwise, features clinically validated ingredients like Redensyl®, Procapil, Anagain, Salicylic Acid, Niacinamide, Biotin ,Saw Palmetto and Vegan Collagen, blended with Ayurvedic botanicals such as Bhringraj, Ashwagandha, Neem, and Rosemary, & 50+ Plus hair health boosting actives.

Each formula is crafted for a specific gender, ensuring hormone- and lifestyle-aligned efficacy:

For Women:

• FOLLIWISE Advanced Hair Vital Serum – Targets hormonal shedding
• FOLLIWISE Scalp Microbiome Balance Capsules – Fortifies follicles damaged by pollution, hormonal hair loss or post-pregnancy hair fall issues.

For Men:

• FOLLIWISE Advanced Hair Vital Serum – Blocks DHT and revives urban-damaged roots
• FOLLIWISE Scalp Microbiome Balance Capsules – Combats male pattern thinning, stress-related shedding

Supporting this core system are five daily-use essentials:

• Sweat Protect Scalp Detox Spray
• Anti-Pollution Dandruff Cleanser
• Deep Nourish 360 Shampoo
• Ultra Smooth Conditioner

All products are sulfate-free, paraben-free, cruelty-free, and tested under dermatological supervision.

Personalized Haircare Starts Here

As part of its holistic inside-out philosophy, Root Botanié is offering a Free Hair Diet Plan to all first-time users. By taking the brand’s Hair & Scalp Quiz, users can unlock tailored nutrition advice to complement their topical care, creating a complete hair recovery ecosystem.

Seed the Change – Where Haircare Meets Planet Care

Every Root Botanié order ships with a free plant seed—a gesture of gratitude to nature and a symbol of deeper renewal. The brand’s #RBgogreencommunity has already:

• Shared 8,000+ seeds
• Cultivated 3,000+ planters across India
• Absorbs an estimated 1,000+ kg of CO₂ annually

Users are encouraged to plant, post, and share using #RBgogreencommunity #Rootbotanie, and receive 10% off their next order.

“Root Botanié is not about quick fixes—it’s about real transformation,” said Sourabh Pandey, Founder of Root Botanié. “Hair loss isn’t just cosmetic; it’s the visible result of invisible imbalances—stress, pollution, nutrition, hormones. We go deeper, starting at the root.”

“Men and women are biologically different. So why should their scalp care be the same?” he added. “We create not gendered branding, but gender-intelligent science.”

 Why Root Botanié Stands Apart

• India’s First Gender-Specific Scalp Microbiome Brand
• Ayurveda + Clinical Actives for Indian Conditions
• Supplements + Topicals for Complete Hair Ecosystem
• Urban Stress, Sweat, Hormonal & Pollution Defense
• Eco-conscious, Science-Driven, Dermatologist-Tested

Root Botanié’s purpose-driven model empowers consumers to go beyond hair care and embrace scalp wellness as self-care, creating beauty that’s biological, sustainable, and deeply personal.

Availability & Purchase

Root Botanié products are now available via:? www.rootbotanie.com
Nationwide Delivery |Seed With Every Order |  10% Off on next purchase When You Plant & Share
Take the Hair Quiz & Get a Free Hair Diet Plan

About Root Botanié

Root Botanié is India’s first gender-specific scalp microbiome care brand, offering Ayurvedic + science-backed solutions to modern hair challenges like pollution, hormonal imbalance, and stress. Under its core line FOLLIWISE, the brand provides dermatologist-tested serums, supplements, shampoos, conditioners, and detox sprays formulated for real Indian scalps and urban lifestyles. Root Botanié is proudly clean, transparent, and committed to sustainability through its “Seed the Change” initiative.

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New Delhi [India], July 14: In a proud moment for Indian craftsmanship, a single-malt beverage originating from Goa has earned international acclaim by securing a prestigious medal at the Miami World’s Spirits Competition 2025.

This recognition positions India among global leaders in the fine spirits segment, spotlighting the growing sophistication and quality of Indian distillation. The Miami Spirits Awards, known for their rigorous evaluation by an esteemed panel of global experts—including spirit professionals, journalists, distributors, and buyers—use a double-blind judging system to ensure impartiality and the highest standards of excellence.

Produced by the Cheers Group, the awarded Kadamba Single-Malt emerged as a standout in a competition featuring global entries. With this win, it joins the ranks of internationally celebrated spirits, reflecting a new chapter for Indian distillation on the world stage.

Ashwin Balivada, CEO of the group behind the beverage, expressed, “Our goal has always been to ensure the Indian single-malt style receives the global recognition it deserves. This award affirms the potential of what is distilled and aged right here in Goa.”

The accolade is expected to enhance the visibility of Indian-origin spirits in major international markets, particularly in key U.S. states such as Florida, Texas, New York, and New Jersey. The competition also opens the door to e-commerce distribution in 42 states across the United States—amplifying opportunities for Indian-origin premium products.

Dr. Mohan Krishna Balivada, founder of the group and a noted figure in the beverage industry, remarked, “This victory is a testament to our commitment to quality and our team’s dedication. It also reflects the excellence possible in India’s evolving distillation landscape.”

This achievement comes as the group prepares to scale operations through its upgraded Goa facility and broaden its global export footprint, already spanning the U.S., Europe, UAE, and beyond.

The recognition at the Miami Spirits Awards not only honors a single product but also highlights India’s growing stature in the international beverage industry—showcasing a blend of tradition, innovation, and global competitiveness.

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