Tag: Business

New Delhi [India], June 6: Amidst a challenging funding climate for startups, iKargos.com, a largely bootstrapped digital logistics platform, has achieved a significant milestone, doubling its revenue from ₹50 crore last fiscal to ₹100 crore this year. Founded in 2020 by Rekha Atri, iKargos.com set out to digitize international logistics. Today, it stands as a comprehensive cross-border supply chain platform, streamlining global shipping with transparency and cost-effectiveness.

“Logistics is notoriously complex, often involving over 20 entities just to move a single shipment,” says Rekha Atri. “For frequent importers and exporters, managing multiple shipments can be overwhelming. Our platform consolidates everything into one user-friendly dashboard, allowing customers to oversee their entire supply chain online. As the only fully integrated provider offering all services in-house, we deliver a seamless, end-to-end experience.”

Sustained, Profitable Growth

iKargos.com’s growth story is remarkable, not only has it matched the pace of well-funded startups, but it has done so profitably. The company has grown at an impressive 300% annually for five consecutive years, breaking even in its second year and maintaining profitability ever since. After an initial seed round from GAIL, iKargos.com has operated without further external funding, relying on operational excellence and technology-driven solutions.

Co-founder Prashant Dwivedi, an IIM Calcutta alumnus and logistics PhD scholar, is optimistic about the future. “These numbers are just the beginning. In a globalized world, logistics is the backbone of every business, whether it’s Amazon or Zomato, their edge is swift delivery. As price differences shrink, logistics becomes the key differentiator. Take Apple’s air-shipping of iPhones to the US to avoid tariffs, such moves save millions. That’s the power of logistics.”

He adds, “The global logistics industry was valued at $10.5 trillion in 2024 and is projected to reach $15.8 trillion by 2030. As businesses move online, logistics enables seamless delivery and drives growth. Giants like Amazon and Walmart are investing heavily in logistics, and the sector is poised for phenomenal expansion.”

This year, iKargos.com introduced Strategic Sourcing as a new service line, tapping into its deep expertise in the EXIM market. “We’re seeing strong traction in this vertical and believe it holds immense potential,” Prashant notes.

Riding the Wave of Government Reforms

India’s logistics sector is undergoing transformation, spurred by government initiatives like the National Logistics Policy (NLP), launched by Prime Minister Narendra Modi in September 2022. The NLP aims to reduce logistics costs from 13-14% to global standards, enhancing the competitiveness of Indian products domestically and internationally. The policy targets a reduction in logistics costs to 8% of GDP by 2030.

The Indian logistics market is projected to reach $215 billion in the next two years, up from $160 billion, with a CAGR of 10.5% through 2025 (ICRA). The sector employs over 22 million people, a number expected to grow by 5% annually with ongoing skill development initiatives. iKargos.com is well-positioned to benefit from this policy push and the sector’s robust growth trajectory.

Expanding Market Presence

With offices at all major Indian ports, 18+ domestic locations, and an international base in the UAE, iKargos.com boasts a vast network. Its agent partnerships enable delivery to 158 countries, including the USA, Europe, Asia, and Africa. The company serves over 500 clients, ranging from industry leaders to emerging businesses – and handles more than 3,000 commodities, from food and electronics to apparel and packaging. Even established international logistics firms are partnering with iKargos.com to leverage its seamless digital infrastructure.

Comprehensive Service Portfolio

iKargos.com offers a full suite of services: Strategic Sourcing, Air and Sea Freight, Customs Clearance, HS Code Search, Certification, Product Compliance, Warehousing, Inland Transportation, First and Last Mile Delivery, Cargo Insurance, Online Tracking, Supply Chain Consulting, Reporting & Analytics, and Survey & Inspection. This all-in-one approach allows clients to manage their entire cross-border logistics process effortlessly.

Investor Confidence

Serial entrepreneur and early investor Praveen Sinha expresses strong confidence in the company’s trajectory: “When I backed iKargos.com, I believed in the founders and the industry’s potential. Prashant is a visionary with deep domain expertise. I wouldn’t be surprised if iKargos.com becomes a unicorn in the coming years.”

About iKargos.com

Founded in 2020, iKargos.com is a next-generation LogTech company revolutionizing cross-border logistics with technology, transparency, and a customer-first approach. With a growing global footprint and a robust, integrated service model, iKargos.com is redefining how businesses manage international supply chains.

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

New Delhi [India], June 6: Gintaa, a next-generation e-commerce and food delivery platform promoted by the Ascon Group, proudly announces the launch of its own Logistic Strategic Business Unit (SBU)—a key milestone in its journey to transform the customer delivery experience in India.

The Logistic SBU will begin operations in New Delhi (NCR), Mumbai, and Hyderabad by the end of June 2025, marking Gintaa’s bold step into end-to-end logistics management. This new vertical will focus on streamlining last-mile delivery for e-commerce orders, especially in the food delivery segment.

Speaking on the occasion, Laxman Jaiswal, Chairman & Managing Director of Ascon Group, stated,

“The launch of Gintaa’s own Logistic SBU is a game-changer. It will enhance our operational efficiency and delivery speed, giving us a clear competitive edge in the dynamic food delivery market. This is a significant step forward for Gintaa as we continue to evolve into a full-fledged e-commerce powerhouse.”

The new SBU will leverage AI-driven tools, bio-friendly packaging, and an in-house delivery fleet to offer faster, smarter, and greener service. This strategic move allows Gintaa greater control over delivery standards and customer experience.

Founded in 2021, Gintaa has positioned itself as more than just a food delivery platform. It offers a unique e-commerce experience where users can buy, sell, and even negotiate—introducing a marketplace driven by personalization, AI, and community interaction.

Laxman Jaiswal emphasized Gintaa’s long-term vision:

“While we are a new entrant, our progress has been steady and purposeful. The launch of our Logistic SBU not only reduces our dependence on third-party providers but also signals our readiness to scale sustainably. I congratulate the Gintaa team for achieving this feat in such a short span.”

Gintaa’s growth strategy hinges on technological innovation and customer delight. The company is committed to building a delivery experience that not only fulfils orders but also fosters brand loyalty and advocacy.

With India’s e-commerce and food delivery markets growing at unprecedented speed, Gintaa’s initiative places it on a strong trajectory to emerge as a leading digital platform in the country.

Website: www.gintaa.com

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

New Delhi [India], June 6: In a strategic leadership move, Tezar EV has appointed Puran Singh Negi as EV Business Head. With over 23+ years of automotive experience both Internal Combustion Engine and Electric Vehicle(EV). Mr. Negi brings deep industry insight across electric and traditional ICE vehicle Industry.

From Left to Right:

• Mrs. Ashwini Surpur: Managing Director
• Mr. Vijay Kumara Surpur: Founder & Ceo
• Mr. Puran Singh Negi: Ev Business Head & Chief Operating Officer

In his new role, Negi will lead Tezar EV Business complete operations and strategy, supporting Tezar EV to scale-up across India and overseas. His previous leadership at Jindal Mobilitric, Okaya EV and Ampere By Greaves Cotton was instrumental in advancing electric mobility innovations and establishing EV Green Field Projects and his experience spans across top OEMs like Suzuki, Ampere by Greaves Cotton, Okaya and Jindal in 2W segment.

Vijay Kumar Surpur – Founder & CEO of Tezar EV, called the appointment strategic move as the company prepares to scale and establish its EV Business and strengthen its national and global presence.

Puran Singh Negi said, I on behalf of Tezar EV promise to all stakeholders holders to change the E2W Landscape by Innovation and One Team Culture where execution speed will recreated the rules of Growth and Scale. Here’s to Building Eco System, where “Human to Human” Values are respected to have inclusive growth together for all stakeholders holders! He emphasizing a commitment to product excellence and operational strength to deliver best EV product experience for End- Consumers. As Tezar EV gearing-up to scale its operations, Negi’s leadership is expected to play pivot role in shaping the next generation of green mobility here in India for the Globe.

About Tezar EV

Founded in 2020, Tezar EV as a part of commitment to the Make in India Vision, successfully designed, engineered and developed Electric 2W product entirely In-House.

Core Components are In-House including Battery Pack, Battery Management System, Vehicle Control Unit, Mid Drive Motor, Charging Gun Connector and Digital Display, reflecting company strong hold on vertical interaction and R&D capabilities. Tezar EV Moat is Safety, which is achieved with in-house developed Vehicle Control Unit(VCU) and Battery Management System which not only ensures proper thermal management, but also enables high-end fault detection accuracy with advanced algorithms and vehicle architecture.

Tezar has launched recently its first Two Product with 2 Variants each as N1, N1 Pro, T1 And T1 Pro. Key USPs of Product are in-house developed Chain Drive PMSM Motor which delivers peak power of 6 KW with Battery capacity of 3.5 KW and 2.5 KW options with 150 KM of IDC range in a single charge. Mono suspension at rear to ensure comfort on bumpy roads and Bigger Floor board to give enough leg room for all riders with 21 LTR of Boot-space.

The company already commissioned Manufacturing Facility in Karnataka with Annual Capacity of 60,000 vehicles with Corporate Head office at Bengaluru, Karnataka.

Visit Us Today!

Manufacturing Facility

Sri Vijay E-Vehicles Private Limited 2-16-431/2/1, Mudgal Main Road Lingsugur, Karnataka – 584122

Corporate Office & Experience Centre Tezar Electric Vehicle Private Limited 1st Floor, Mahaveer Arcade, NH-4

1754, Tumkur Rd, Opposite Dasarahalli Metro Station

Vidya Nagar, T.Dasarahalli, Bengaluru, Karnataka – 560058

Call Us: +91 8880262626

Website: www.tezarelectric.com

Email  Us:  support@tezarelectric.com

Experience the future of electric vehicles—schedule a visit or reach out today!

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

New Delhi [India], June 6: Focus Lighting & Fixtures Limited.(NSE – FOCUS), engaged in manufacturing & innovative lighting solutions of LED lights and fixtures, announced its Audited Financial Results for Q4 FY25 and FY25.

FY25 Consolidated Key Financial Highlights

Total Income of ₹ 186.19 Cr
EBITDA of ₹ 29.04 Cr
EBITDA Margin (%) of 15.59%
Net Profit of ₹ 15.19 Cr
Net Profit Margin (%) of 8.16%
EPS of ₹ 2.28*

Q4 FY25 Consolidated Key Financial Highlights

Total Income of ₹ 41.81 Cr
EBITDA of ₹ 4.16 Cr
EBITDA Margin (%) of 9.94%
Net Profit of ₹ 1.18 Cr
Net Profit Margin (%) of 2.81%
EPS of ₹ 0.17*

(*Face Value of ₹2)

Other Key Highlights:

Segment-wise Revenue Breakdown:
Retail Lighting: ₹ 140.44 Cr
Home Lighting: ₹ 26.88 Cr
Infrastructure: ₹ 15.65 Cr
Railways: ₹ 0.36 Cr

Commenting on the performance, Mr. Amit Sheth, Managing Director of Focus Lighting & Fixtures said, “We concluded FY25 with steady progress across our business segments, our focus on execution, client relationships, and product innovation helped us expand our order book with notable wins from both private and government clients. Securing contracts from reputed infrastructure players and being empanelled by a key state government department has strengthened our positioning in the public sector and large-scale projects.

Internationally, we deepened our presence in the Middle East through orders via our subsidiary, on the innovation front, our patented retail lighting technology, which enhances energy efficiency and reduces fixture requirements, has gained strong traction with major retail brands. The successful performance of our experience centers and our balanced approach across segments have contributed to revenue visibility and reduced dependency on any single vertical. We remain focused on improving execution, strengthening client engagement, and leveraging technology to drive long-term growth across domestic and international markets.”

Q4 FY25 Result Highlights of Focus Lighting & Fixtures Limited

ESOP

Approved the grant of 37,500 stock options, convertible into an equal number of equity shares, under the “FLFL ESOP 2019” at an exercise price of ₹12.6 per option.

Key Order Wins

Secured order worth ₹71.61 lakh (excl. GST) from Gandhinagar Municipal Corporation for the supply, installation, testing, and commissioning of lighting and fixture. Bagged a ₹5.72 Cr (excl. GST) order from Reloto Automation Solutions Pvt Ltd for the manufacture, supply, delivery, and installation of lighting and fixtures. Secured a ₹14.59 Cr (excl. GST) order from Reloto Automation Solutions Pvt Ltd for the manufacture, supply, and delivery of lighting and fixtures.

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

Ahmedabad (Gujarat) [India], June 5: Power & Instrumentation (Gujarat) Limited (PIGL) (NSE: PIGL, BSE: 543912), one of the leading players in the electrical contracting and equipment sector, has announced the receipt of a third significant work order from Nyati Engineering & Construction Private Limited. The contract pertains to the power supply system electrical work at the Udaipur Air Terminal in Rajasthan and is valued at ₹6.25 Cr.

The scope of work includes design, supply, installation, testing, commissioning, and client handover of the complete power supply system for the terminal. The project is scheduled for completion within six months from the effective date.

This latest order follows two previous contracts awarded by the same client—one on 5th May 2025 valued at ₹21.41 Cr, and another on 21st May 2025 valued at ₹24.77 Cr. With this third order of ₹6.25 Cr, the total cumulative value of work orders received for the Udaipur Air Terminal project now stands at ₹52.43 Cr.

The successive contracts underscore Power & Instrumentation (Gujarat) Limited’s strong execution capabilities and its growing presence in the airport infrastructure domain. The company remains committed to delivering high-quality, time-sensitive, and technically complex projects that meet stringent regulatory and operational requirements.

Commenting on the update, Mr. Padmaraj Padmnabhan Pillai, Managing Director of Power & Instrumentation (Gujarat) Limited said, “We are honoured to be entrusted once again by Nyati Engineering & Construction Private Limited for the prestigious Udaipur Air Terminal project. Securing the third consecutive work order within a span of just one month is a clear reflection of our team’s technical expertise, consistent execution capabilities, and the confidence our clients place in us.

The Udaipur Air Terminal is a marquee infrastructure development, and being a part of such a critical and time-sensitive project is both a responsibility and a recognition of our growing stature in the airport infrastructure domain. These back-to-back orders not only strengthen our order book but also reaffirm our strategic direction of building a strong presence in specialized sectors where quality and precision are paramount. We remain committed to delivering excellence and contributing meaningfully to India’s infrastructure growth story.”

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

Gurugram (Haryana) [India], June 6: In a dynamic push toward inclusive and accessible green mobility, Warivo Motors India has launched six new electric scooters under its Nova and Edge series, priced competitively from just ₹44,999. Designed to meet the evolving needs of modern Indian commuters, from metropolitan professionals to rural daily riders, the launch is a bold statement on the future of transportation in India: electric, affordable, and accessible to all.

The new models, boasting a range of up to 120 kilometres per charge, are now available across Warivo’s nationwide dealership network. With integrated smart connectivity and a three-year comprehensive warranty, the scooters combine technology with reliability, redefining expectations in the entry-level electric vehicle segment.

Bridging Urban Style and Rural Utility | Warivo Motors

Warivo’s twin-series strategy is both ambitious and inclusive. With its sophisticated design, enhanced comfort, and app-driven, cutting-edge features that enhance the riding experience, the Nova series is designed for riders who want more than just functionality. Imagine intelligent dashboards, easy-to-use controls, and a streamlined appearance that will draw attention in urban traffic.

On the other hand, the Edge series is Warivo’s answer to India’s massive demand for robust, reliable, and no-nonsense vehicles. Built for endurance and simplicity, these models are ideal for daily commuting, last-mile deliveries, and rural navigation.

All six scooters feature lightweight, ergonomic frames that are suitable for various terrains and rider profiles. Warivo has factored in age, gender, geography, and economic diversity, ensuring that the electric revolution doesn’t leave anyone behind.

Electric Scooters in India: The Time Is Now

India’s two-wheeler market, long dominated by petrol-driven models, is undergoing a fundamental shift. With rising fuel prices and growing environmental concerns, electric scooters in India are no longer fringe alternatives; they’re becoming mainstream choices.

“Electric mobility should not be a luxury and should be a choice available to everyone,” said Yuvraj Garg, Co-founder of Warivo Motors India. “With this new lineup, we have addressed various price points and use-cases, creating a scooter for everyone, whether they live in metro cities or smaller towns.”

The ambitious EV policy framework of the Indian government, which promotes sustainable urban mobility and domestic innovation, aligns with this vision. Warivo’s launch comes at an opportune moment, riding the wave of policy momentum and growing consumer interest.

Retail Expansion to Match the Ambition | Warivo Motors

Warivo isn’t stopping at product innovation. By the end of this fiscal year, the company plans to open 200 new retail locations throughout India, demonstrating a robust growth strategy that extends beyond urban areas. A dedicated customer support network, improved spare part availability, and enhanced after-sales infrastructure will all contribute to the retail push, ensuring a seamless ownership experience.

It is a vital differentiator in a market where concerns around EV servicing and support still linger. With a dual focus on urban density and rural reach, Warivo is positioning itself as a pan-India EV brand — one that not only sells products but also builds ecosystems.

Sustainability Meets Affordability

What sets Warivo apart is its unyielding focus on affordable electric mobility. While several players in the EV space are pursuing premium segments, Warivo’s sub-₹50,000 starting price is a compelling proposition. It’s a democratised approach to sustainability, ensuring that green choices aren’t just for the rich, but for the everyday Indian.

And make no mistake, Warivo isn’t compromising on features. With mobile app connectivity, intelligent diagnostics, range analytics, and a rider-friendly UI, these scooters bring smart mobility to budget-conscious consumers without compromising quality.

As an Indian author and environmentalist once noted, “If we are serious about fighting climate change, we must begin with making clean energy affordable and accessible.” Warivo’s product philosophy reflects exactly that.

Riding Toward the Future | Warivo Motors

Warivo’s six new electric scooters aren’t just new models; they’re milestones in India’s journey toward sustainable transport. With strategic segmentation, thoughtful design, and competitive pricing, the company is carving out a distinct niche in the rapidly growing EV market.

And in a country where two-wheelers are more than just vehicles, they’re lifelines, business tools, and symbols of aspiration. Warivo’s timing couldn’t be better.

As the buzz grows and dealerships begin to register interest from all quarters, one thing is clear: India’s electric future isn’t coming. It’s already here, and it’s riding on two wheels.

Ahmedabad (Gujarat) [India], June 5: NAMTECH (New Age Makers’ Institute of Technology), an education initiative by ArcelorMittal and Nippon Steel India (AM/NS India), has announced 100 fully funded MET fellowships for graduates from premier engineering institutes across India. As a pioneering global institution dedicated to advancing innovation in Manufacturing, Engineering, and Technology (MET), NAMTECH offers high-end, Industry 4.0-aligned, accelerated one-year master’s programs. These fellowships will cover the entire tuition fee for eligible candidates, enabling talented engineers to access world-class education and career-defining opportunities.

The fellowships are open to graduates from India’s top engineering institutions, including IITs, NITs, IIITs, IIITDMs, BITS, and other leading colleges. NAMTECH’s one-year International Professional Master’s Programs (iPMP) are designed to provide deep, hands-on experience in real-world environments through advanced micro-factories, industry-grade labs, and digital learning ecosystems. Select students will also benefit from a global immersion opportunity at the Technical University of Munich (TUM), Germany, along with exposure to international academic ecosystems through partnerships with globally ranked QS top 10 universities.

Arunkumar Pillai, Director General of NAMTECH, said, “NAMTECH is introducing a fellowship program this year for all those who believe that engineers can shape tomorrow’s world. The NAMTECH MET Fellowship is not just a program—it’s a gateway to be a part of the dynamic MET ecosystem.”

He further added, “With world-class mentors, experiential learning and real-world projects in cutting-edge sustainable living learning labs, the fellowship is designed to transform the engineering students into a conscious technologist. Co-designed with global automation and Manufacturing leaders and academic partners from the QS Top 10, it’s a launchpad—for those who want to learn by doing, and lead by creating.”

The fellowships apply to four future-facing areas within NAMTECH’s iPMP offerings: Smart Manufacturing & AI, Semiconductor Manufacturing, Advanced Robotic Technology, and Sustainability Engineering & Management. Each program integrates advanced technical training with leadership development, equipping students to take on high-impact roles in industry and research.

About NAMTECH

NAMTECH (New Age Makers’ Institute of Technology), an education initiative by ArcelorMittal and Nippon Steel India (AM/NS India), is a pioneering global institution driving innovation in Manufacturing Engineering and Technology (MET). Positioned at the forefront of India’s industrial transformation, NAMTECH offers cutting-edge International Professional Master’s Programs for engineering graduates in fields such as Smart Manufacturing & AI, Semiconductor Manufacturing, Advanced Robotic Technology, and Sustainability Engineering & Management. The institute emphasizes responsible innovation, and the development of conscious technologists—professionals who integrate sustainability, inclusivity, and ethical responsibility into their approach to innovation.

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.