All posts by Mansi

Kumar Mangalam Birla Honored with the Deenanath Mangeshkar Award

“Shri Kumar Mangalam Birla, Chairman, Aditya Birla Group and Padma Bhushan Awardee, received the prestigious Lata Deenanath Mangeshkar Award from RSS Chief Shri Mohan Bhagwat, at a function in Mumbai on 24th April 2024. Mr. Birla was bestowed the Award in honour of his pivotal role in shaping India’s growth story. Past recipients include Prime Minister Narendra Modi, singer Asha Bhosale, and actor Amitabh Bachchan.

The Lata Deenanath Mangeshkar Puraskar was instituted in 2022 in memory of the late legendary singer by the Master Deenanath Mangeshkar Smruti Pratishthan, a public charitable trust maintained by the Mangeshkar family for over 35 years.”

Cyient Reports 32% QoQ Profit Growth in Q4, Strongest Cash Position in FY25

Hyderabad, April 25, 2025: Cyient, a global Intelligent Engineering and Technology Solutions company, announced its financial results for the quarter and year ended March 31, 2025.

Financial Highlights for Q4 FY25

• Cyient DET* Revenue at INR 1472 crores, with QoQ de-growth of 0.5% and YoY de-growth of 1.2%
• Cyient DET* CC Revenue de-growth at 1.9% QoQ and de-growth at 3.4% YoY
• Cyient DET* EBIT of INR 191 crores, with a margin of 13%
• Cyient DET* PAT at INR 163 crores, with YoY de-growth of 6%
• Cyient DET* FCF at INR 215 crores, FCF to PAT conversion 132%

Financial Highlights for FY25

• Cyient DET* Revenue at INR 5816 crores, YoY de-growth of 1.6%
• Cyient DET* CC Revenue de-growth at 3% YoY
• Cyient DET* EBIT of INR 787 crores, with a margin of 13.5%
• Cyient DET* PAT at INR 605 crores, with YoY de-growth of 12.2%
• Cyient DET* FCF at INR 801 crores, FCF to PAT conversion 132%
• Final dividend of INR 14 per share; Total dividend for FY25 at INR 26 per share

*Cyient DET (Digital, Engineering, and Technology) segment

Commenting on the results, Krishna Bodanapu, Executive Vice Chairman and Managing Director, Cyient, said, “For FY25, Cyient Group delivered US$ 870 Mn in revenue at a YoY growth of 1.5% in constant currency, EBIT of 12%, decline of 258 bps YoY, PAT of Rs 622 crore de-growth of 15.4%, and FCF of Rs 688 crore at YoY growth of 6.2%.

I am also happy to share that we have launched our semiconductor subsidiary and as we shared with you on April 8, 2025 appointed Suman Narayan as the CEO of Cyient Semiconductors. Suman is a globally recognized professional in the semiconductor industry.

At a group level, we now have three well-balanced growth vectors for the future. Our recent carve-out, Cyient Semiconductors Private Limited, focuses on Technology Development and Disruption led by AI. The DET business focuses on Technology Services with Engineering competence as the core, and our DLM business focuses on Engineering-led Product manufacturing opportunities. With this, we are well-positioned to address a wide spectrum of growth opportunities in this emerging macro and geopolitical environment.

On the DET front, for FY25, DET business delivered revenue at US$ 688 Mn, de-growth of 3% constant currency YoY. DET EBIT margin stood at 13.5%, declined by 261 bps YoY. Order intake for DET for the full year stood at US$ 836 Mn, down YoY by about 7%, part of the de-growth is attributed to evolving uncertainties through FY25 compared to the previous year. We won 24 large deals in DET business with a total contract potential of US$ 370.8 Mn in FY25.

I would also like to extend a warm welcome to Sukamal Banerjee, who has joined us as Executive Director and Chief Executive Officer (CEO) of Cyient DET. As we continue to strengthen our core engineering offerings and build technology-led intelligent engineering solutions, Sukamal will provide a solid and stable foundation to lead Cyient DET through a transformative growth phase.

Given our balanced portfolio, we see many opportunities that we can capitalize on for the DET business. Our top customers have demonstrated strong growth this fiscal year despite the headwinds in demand. While there are some uncertainties in the near term, we are working very closely with our customers in navigating through the current challenges. We expect this to last at least through the first half of FY26. I am confident that with our market positioning, global presence, and the new leadership in place, we will emerge stronger to drive sustainable growth in the medium – long term.”

During the quarter, Everest Group recognized Cyient among the Top 10 for Industry 4.0 for transforming manufacturing through smart, connected, and future-ready solutions. Also, leading analyst firm ISG recognized Cyient as a Leader across five quadrants for Digital Engineering services in North America and EMEA, spotlighting its deep engineering expertise, domain-led delivery, and ability to drive innovation at scale.

Cyient was also honored as Green Champion and Best Corporate for the Ninth consecutive time at the CII Telangana State Van Mahotsav Awards 2024-25 for planting over 15,000 sampling during the Mega Plantation Drive in Telangana and contributed to the plantation of over 20 Lakh saplings in the year 2024-25.

Heritage Community College Partners with Universities in India, Dubai, and Nepal to Expand Affordable Online Education

Ahmadabad, Gujarat: Heritage Community College, a Designated Learning Institution (DLI) based in British Columbia, Canada, has signed a Memorandum of Understanding (MOU) with leading universities and educational institutions in India, Dubai and Nepal marking a significant step in making Canadian education more accessible to students in these regions.

The MOUs have been signed with Aspire Education Academy and ISAS Beauty Academy, Dubai, and Indian institutions including Swarrnim Startup and Inovation University, Gandhinagar), Neeldeep Group of Colleges (Ahmedabad), Swaminarayan College ( Shri Bramhanand Institute of Business Administration.)Hajijan, Ahmedabad and ISAS International Beauty School, Nepal.

Through this collaboration, students from these institutions will be able to pursue Canadian diploma programs online from India at affordable tuition fees, with scholarships of up to 60%. Since students will be studying from their home country, they can also save substantially on living expenses, making this an ideal option for families seeking quality international education at lower costs.

The programs offered are flexible, accessible to students with low IELTS or academic scores, and cater to a wider range of applicants, including those who have faced previous visa refusals for Canada. Furthermore, students will receive the same Canadian qualification as on-campus students and will have the opportunity to attend their convocation ceremony in Canada, along with their families.

As an added benefit under this MOU, eligible students will also gain access to guaranteed admissions in select partner institutions in the USA, France, and Canada, opening global pathways for higher education and career prospects.

Mr. Nilesh Lal, Director of Student Recruitment at Heritage Community College, currently visiting India to formalize these partnerships, shared, “We are excited to collaborate with such progressive institutions in India and Dubai. This initiative aligns with our mission to make quality Canadian education affordable and accessible to students worldwide. We believe these partnerships will transform many lives by offering global exposure at local convenience.”

KFC Delivers Epic Taste and Savings with New Value Offer

Calling all chicken lovers – KFC is here with an EPIC offer! Fans across Andhra Pradesh and Telangana can feast on their KFC favourites with the all-new EPIC SAVERS.

Enjoy 9 pieces of finger lickin’ good chicken. Get 7 droolworthy Boneless Chicken Strips, and 2 crunchy, juicy pieces of Hot & Crispy Chicken at an unbelievable price.

Because why choose between EPIC taste and EPIC savings when you can have both?

So, what are you waiting for? Gather your friends and family and get together for an EPIC time at your nearest KFC.

Limited time offer valid for dine-in across all 150+ KFC restaurants in Andhra Pradesh & Telangana.

Funskool Hits ₹300 Crore Milestone with Record Turnover in FY25

Mumbai, 25th April 2025: Funskool India Limited, the country’s leading toy manufacturer, has recorded over 20% year-on-year growth for the FY 2024-25. The company’s long-term strategy of strengthening exports and contract manufacturing partnerships with global toy multinationals, while continuing to build a strong domestic brand presence, has proven highly successful. Notably, exports grew by nearly 30% compared to the previous year.

For the current fiscal, Funskool has set an ambitious target of achieving USD 40–45 million in revenue, capitalizing on the shifting global trade landscape and increasing preference for Indian manufacturing. Funskool now contributes close to 20% of India’s total toy exports, with exports to the United States accounting for around 40% of the company’s total outbound shipments.

Commenting on the performance, Mr. K.A. Shabir, CEO, Funskool India Ltd., said: “We are moving in the right direction. With an impressive growth trajectory, Funskool continues to play a vital role in advancing the ‘Make in India’ initiative. We are focused on deepening our partnerships with global toy brands and further positioning ourselves as a quality toy manufacturer in the international supply chain.”

The company doubled its production capacity last year through major expansions at its Ranipet facilities. In line with its aggressive growth plans, further capacity additions are planned across its Goa and Ranipet plants.

In addition to its strong export performance, Funskool has continued to expand its diverse portfolio of homegrown brands—including Giggles, Fundough, Handycrafts, Play&Learn, and its growing range of Games.

Grundfos CUE 120 Sets New Benchmark for Energy-Efficient Pump Technology: Engineered in India for India

Pune, India  April 25th, 2025: Grundfos, a global provider of pumping solutions, has introduced the CUE 120, a variable frequency drive developed in India for the Indian market. This new product aims to offer more precise control of pump performance with a focus on energy efficiency.

Research indicates that a significant majority of variable frequency drives (VFDs)—approximately 70%—currently operate using default factory settings, which are often not optimised for their specific applications. This lack of customisation can lead to suboptimal energy efficiency, resulting in unnecessary energy consumption and increased operational costs. Consequently, many systems fail to achieve their full potential in reducing carbon emissions and enhancing performance.

The CUE 120 is designed to address these challenges by offering a solution tailored specifically to the Indian market, enabling more precise control and improved energy efficiency aligned with local requirements.

Launching Grundfos CUE 120, Usha Subramaniam, Country President India, said, “The Grundfos CUE 120 is more than just a product; it embodies our commitment to innovation and sustainability. Designed for India, it empowers industries, buildings, and communities with smarter, energy-efficient pumping solutions, enabling a greener future. This launch marks a historic milestone for Grundfos India, as our first locally developed offering to the market, achieved through seamless cross-functional collaboration.”

Optimised for motors up to 22 kW, the CUE 120 seamlessly integrates with any Grundfos pump range, delivering superior performance and efficiency. Designed to enhance energy usage, cut costs, and improve reliability, it empowers industries, municipalities, and businesses across India with smoother, moe sustainable operations.

Shankar Rajaram, Head of Sales, IND, INDO, added, “The Grundfos CUE 120 was born from a clear vision—to create a cost-effective and accessible drive tailored to the Indian market. Through deep market analysis, we recognised the need for a drive that is simple to install, operate, and control. Designed with efficiency and affordability at its core, the CUE 120 empowers customers with seamless performance, making sustainable pumping attainable.”

By maximising the efficiency of existing pumps and systems, the CUE 120 drives smarter performance while reducing environmental impact. With plans to increase kW capacity in the future, Grundfos continues to push the boundaries of efficiency, ensuring even greater flexibility and scalability for future needs.

Grundfos invites you to witness this transformative leap in pump technology and join us in shaping a sustainable future.