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India, 3rd November, 2025: JSW MG Motor India, a key contributor to India’s 4W-EV growth story, today announced a landmark achievement of surpassing the 100,000 EV sales milestone in India. The auto-tech company has remained at the forefront of designing clean and intelligent mobility solutions for a sustainable future, offering not only smart products but also intuitive ecosystem-based solutions.  

This milestone is driven by the robust performance of the company’s wide EV portfolio, which caters to varied customer demands. From everyday city needs to luxurious indulgence in every drive, MG’s diverse EV offerings represent the brand’s commitment to innovation, performance, and sustainable mobility for Indian consumers. As the market continues to evolve, MG remains ready to expand its portfolio and include new energy powertrains as well. 

Speaking on the milestone, Anurag Mehrotra, Managing Director, JSW MG Motor India said, “Crossing the 100,000 EV sales milestone reflects the trust Indian customers place in sustainable choices. I thank our customers and the entire JSW MG Motor India team for this momentous milestone. As mobility evolves, we remain committed to driving India’s vision of innovative and clean mobility solutions.”

Over the years, JSW MG Motor India has emerged as one of the most prominent OEMs in the EV segment. The brand’s market share has grown steadily, from 26% in CY2024 to 35% currently. This rising demand for MG EVs highlights growing acceptance among customers and segment fence-sitters. 

The carmaker has piloted several ecosystem-based projects and launched numerous industry-first initiatives that are setting new benchmarks in the EV segment. These include the EV Sahi Hai public awareness campaign that promotes EV adoption by highlighting real user experiences; ehub by MG app, a one-stop app for all charging needs; Battery-as-a-Service, which simplifies EV ownership; MG Charge, aimed at installing 1000 chargers in 1000 days; and Project Revive, focused on battery recycling and repurposing used batteries for a second life, bringing circularity in the EV ecosystem. Each of these initiatives is gaining prominence and reflects the brand’s commitment to building a more robust and customer-friendly EV ecosystem through technological innovation. 

November 3, 2025: The Board of Directors of Sundaram Finance Ltd. (SFL) approved the unaudited standalone and consolidated financial results for the half year ended September 30, 2025, at its meeting held on November 3, 2025, in Chennai.

“Q2FY26 started with continuing macroeconomic sluggishness witnessed over the past few quarters. The introduction of GST 2.0 reforms and the country’s rating upgrade by global rating agencies have boosted overall sentiments over the past 4-6 weeks. Under these circumstances, Team Sundaram has delivered 15.3% growth in AUM to Rs. 55,419 crores, asset quality with net stage 3 assets at 1.13% vs 0.89% last year and profits after tax growth of 27% year-on-year. Our Group companies in asset management, general insurance and home finance have continued to record strong results. We continue to rely on our time-tested approach of steady and sustainable growth with best-in-class asset quality and consistent profitability,” said Harsha Viji, Executive Vice Chairman.

Disbursements for H1FY26 recorded a growth of 12% over H1FY25 and for Q2FY26, disbursements have grown 18% Y-o-Y. Gross stage 3 assets as on September 30, 2025, stood at 2.03% with provision cover of 45% as against 1.62% as on September 30, 2024, with provision cover of 45%. Profits from operations performed strongly, growing by 16% in H1FY26 and 17% in Q2FY26. Profit after tax registered a 27% rise in H1FY26, with net profit at Rs. 823 crores and for Q2, PAT grew 16% to Rs. 394 crores. Return on assets closed at 2.72% in H1FY26 as against 2.50% for H1FY25 and capital adequacy at 19.3% remained quite comfortable.

Rajiv Lochan, Managing Director, stated, “The festival period has been strong, and the morale of team Sundaram is on a high following a well-executed festival plan. We anticipate the impact of GST 2.0 on consumption to be buoyant, rural demand to improve after a healthy monsoon period and private sector capex to pick up in the coming quarters. Consequently, our post-festival outlook for Q3 and H2 is optimistic. We are well-positioned to drive our time-tested mantra of balancing growth with quality and profitability and taking a long-term, through-cycle view to our customers, employees and other partners.”

STANDALONE PERFORMANCE HIGHLIGHTS FOR H1FY26

· Disbursements for H1FY26 grew by 12% to Rs. 15,423 crores as compared to Rs. 13,768 crores registered in H1FY25. Disbursements for Q2FY26 grew by 18% to Rs. 8,113 crores as compared to Rs. 6,860 crores registered in Q2FY25.

· The assets under management grew by 15% to Rs. 55,419 crores as on 30th September 2025 as against Rs. 48,058 crores as on 30th September 2024.

· Net interest income (NII) grew by 23% to Rs. 1,603 crores in H1FY26 from Rs. 1,304 crores in H1FY25. Q2FY26 growth in NII was 21% to Rs. 822 crores.

· Gross stage 3 assets as on 30th September 2025 stood at 2.03% with 45% provision cover as against 1.62% with provision cover of 45% as on 30th September 2024. Net stage 3 assets as on 30thSeptember 2025 closed at 1.13% as against 0.89% as on 30th September 2024.

· The Gross and Net NPA, as per RBI’s asset classification norms for NBFCs, are 2.80% and 1.79% respectively as against 2.39% and 1.55% as of 30th September 2024.

· Cost to income ratio improved to 29.60% in H1FY26 as against 31.91% in H1FY25.

· Profits from operations grew 16% to Rs. 937 crores in H1FY26 as against Rs. 812 crores in H1FY25. For the quarter, profits from operations grew 17% to Rs. 501 crores.

· Higher dividend income resulted in profit after tax registering 27% rise in H1FY26, with net profit at Rs. 823 crores as against Rs. 648 crores in H1FY25. For Q2FY26, PAT grew 16% Y-o-Y to Rs. 394 crores.

· Return on assets (ROA) for H1FY26 closed at 2.72% as against 2.50% for H1FY25. Return on equity (ROE) was at 15.91% for H1FY26 as against 14.24% for H1FY25.

· Capital Adequacy Ratio stood at 19.3% (Tier I –16.9%) as of 30th September 2025 compared to 20.0% (Tier I – 16.4%) as of 30th September 2024.

CONSOLIDATED PERFORMANCE HIGHLIGHTS FOR H1FY26

The consolidated results of SFL include the results of its standalone subsidiaries Sundaram Home Finance, Sundaram Asset Management and joint venture company Royal Sundaram General Insurance.

· The assets under management (AUM) in our lending and general insurance businesses stood at Rs. 83,586 crores as on 30th September 2025 as against Rs. 72,541 crores as on 30th September 2024, a growth of 15%. The assets under management of our asset management business stood at Rs. 82,608 crores as on 30th September 2025 as against Rs. 76,845 crores as on 30th September 2024.

· Profit after tax for H1FY26 grew by 11% to Rs. 963 crores as compared to Rs. 871 crores in H1FY25.

GROUP COMPANY PERFORMANCE HIGHLIGHTS

Our group companies continued to perform well.

· The asset management business closed the half year ended 30th September 2025 with assets under management of Rs. 82,608 crores (around 80% in equity) and consolidated profits from the asset management businesses were at Rs. 91 crores as against Rs. 68 crores in H1FY25.

· Royal Sundaram reported a Gross Written Premium (GWP) of Rs. 2,352 crores as compared to Rs. 2,053 crores in the previous year, representing a growth of 15%. The company reported a profit after tax of Rs. 121 crores for H1FY26 as against a profit of Rs. 126 crores in H1FY25.

· Sundaram Home Finance continued to grow strongly with disbursements up by 9% to Rs. 3,169 crores in H1FY26. The profit for H1FY26 was Rs. 137 crores, as against Rs. 111 crores in H1FY25.

Pune, India – 03rd November 2025: Tata AutoComp Systems Limited, a leading provider of automotive and mobility component solutions, concluded a highly successful participation at the International Railway Equipment Exhibition (IREE) 2025, held at Bharat Mandapam, New Delhi. The auto component conglomerate’s participation marked a significant milestone in its journey of diversification into the railway mobility sector.

The Tata AutoComp booth was inaugurated by the Honourable State Minister of Railway, Mr. Ravneet Singh, alongside BEML Chairman & MD, Shri Shantanu Roy. The booth received an exceptional response from visitors, including distinguished dignitaries from the Railway Ministry, Metro and Urban Transport (MoUD), and prominent industry leaders.

The Tata AutoComp booth attracted significant attention from a broad spectrum of the railway industry for the company’s innovative propulsion systems, lightweight composite components, seating solutions, and HVAC technologies—all engineered to enhance performance, energy efficiency, and passenger comfort.

Key visitors included high-ranking officials from across the entire railway ecosystem, such as leadership from the Ministry of Railways and various Central and Zonal Railway authorities. Further engagement came from critical Production Units like MCF, ICF, and RCF, along with representatives from major Public Sector Undertakings (PSUs) including BEML, BHEL, and RITES. The booth also hosted experts from crucial Technical and Regulatory bodies such as RDSO and IRSME. Strong interest was shown by leading Private Sector OEMs and suppliers in the mobility space, including Alstom, Hitachi, Titagarh, and Texmaco.

The company has formed strategic partnerships with leading international players such as Škoda, Compin Fainsa, and Air International Thermal Systems to bring advanced global technologies to India. With a strong focus on localization, Tata AutoComp is adapting these technologies to meet Indian requirements—making them cost-competitive, efficient, and aligned with the nation’s mobility vision.

Speaking on the success of the event, Mr. Arvind Goel, Vice Chairman, Tata AutoComp Systems, said,

“India’s railways are on the cusp of a major technological transformation, with trains like Vande Bharat and other new-generation models leading the way. For Tata AutoComp, with our deep expertise in auto components, the railway sector is a natural extension of our capabilities—enabling us to meet the evolving requirements of India’s modern rail ecosystem.”

Mr. Manoj Kolhatkar, Managing Director & CEO, Tata AutoComp Systems, added,

“Tata AutoComp’s participation at IREE 2025 further strengthens the company’s position as a trusted partner in India’s railway modernization journey—leveraging decades of automotive engineering and manufacturing expertise to deliver reliable, localized, and future-ready solutions for the country’s rapidly evolving rail ecosystem.”

Mr. Radek Svoboda, MD & CEO, Škoda Electric, said:

“India’s railway industry is evolving at an extraordinary pace, demanding the latest technologies that enhance efficiency, sustainability, and passenger comfort. Our focus is on bringing advanced, energy-efficient propulsion solutions for intercity and metro applications—supporting India’s vision to localize, modernize, and build world-class, future-ready rail mobility aligned with global standards.”

Marc Jammot, President, Compin Fainsa, said:

“In today’s fast-evolving rail industry, innovation is key to balancing energy efficiency with passenger comfort. We’re developing lighter, ergonomically advanced seating solutions that reduce energy consumption without compromising comfort. By integrating new materials and design technologies, we aim to redefine passenger experience and contribute to sustainable, future-ready rail travel in India.”

Mumbai, India | Nov 3, 2025: RayEthnic, the purpose-driven ethnic wear label known for blending India’s rich textile heritage with contemporary design, has expanded its footprint to 15 stores nationwide with the launch of its new experience store on Sindhu Bhavan Road, Ahmedabad. The milestone marks a significant chapter in the brand’s journey of empowering artisans, reviving traditional crafts, and redefining modern ethnic fashion.

Founded in the early 2000s by Mrs. Patel, a former pharmaceutical professional turned fashion entrepreneur, RayEthnic started as an initiative to provide meaningful employment to women displaced by economic downturns in Gujarat’s diamond industry. What began as a mission to support skilled women artisans has evolved into a national movement in handcrafted ethnic wear, combining tradition, sustainability, and contemporary aesthetics.

“Fashion for me was never about trends,” says Mrs. Patel. “It was about creating dignified work, preserving craft, and telling stories of resilience through every thread. Today, seeing our artisans thrive and our stores reach across India is deeply rewarding.”

A Hub for Heritage and Modern Design

The new experience store is designed to immerse visitors in the story of India’s handloom traditions, offering a curated collection of ethnic wear that celebrates craft, culture, and conscious design. Visitors can explore exclusive handcrafted pieces created in collaboration with master artisans such as:

Mohammad Ismail Khatri – Bagh printing

Mukkanteswarudu (Eswarudu) – Kalamkari

Subrata Das – Jamdani weaving

These collaborations are long-term partnerships, not vendor relationships, ensuring the preservation of heritage crafts while reimagining them for contemporary wardrobes.

Empowering Women, Sustaining Craft

Today, RayEthnic directly supports over 1,000 women artisans,providing sustainable livelihoods and championing slow fashion practices. With minimal, meaningful, and deeply Indian designs, the brand is redefining luxury as authenticity, craftsmanship, and conscious consumption.

“Every piece we create is more than clothing- it’s a narrative of heritage, identity, and hope,” adds Mrs. Patel.

Baker’s and Growtheum Capital Partners Announce Strategic Partnership to Deliver on the Growing Volume and Quality Requirements of India’s Ice Cream Ecosystem

New Delhi, 1st November, 2025: Homemade Baker’s (India) Limited (“Homemade” or the “Company”) and Growtheum Capital Partners (“GCP”) today announced a strategic partnership aimed at accelerating Homemade’s pan-India expansion. The collaboration will strengthen the Company’s manufacturing footprint and enhance its ability to meet the growing volume and quality demands of India’s rapidly evolving ice cream ecosystem.

Founded in 1995, Homemade is one of India’s leading manufacturers of ice cream cones and sleeves, with an annual production capacity exceeding one billion cones. The Company has also diversified into the IML (In-Mould Label) container segment, catering to large-format and take-home ice cream packs as well as adjacent categories like sweets and dates. With a dominant manufacturing presence in North India and a customer base comprising major national ice cream brands, Homemade combines advanced automation, food-grade printing and lamination, and a baking legacy spanning three decades to deliver international-quality products and outstanding service.

Rajiv Manchanda, Founder and Director of Homemade, expressed his enthusiasm about the partnership, saying:

“We are delighted to welcome Growtheum Capital Partners as our strategic partner. GCP’s deep expertise in the consumer sector and their global perspective will be invaluable as we embark on the next phase of our growth journey. With their support, we aim to accelerate our expansion across India, strengthen our operations and management capabilities, and continue delivering high-quality products to meet the growing demand from our customers.”

Puneet Manchanda, Promoter and Director of Homemade, added:

“This partnership marks a pivotal milestone in Homemade’s growth journey. With GCP’s strategic support, we will scale our manufacturing capacity, enhance process efficiencies, and drive innovation across product categories. Our continued focus will be on delivering superior quality and reliable service to our customers nationwide.”

Saurabh Mehta, Managing Director at GCP, shared his perspective on the partnership:

“We are highly impressed by the operational excellence and strong customer-centric approach demonstrated by Homemade’s founders. We are excited to partner with them to further strengthen the Company’s leadership position, expand its manufacturing footprint across India, broaden its product portfolio, and deepen relationships with key customers. Our goal is to support Homemade in becoming the preferred partner for national, regional, and emerging ice cream brands across the country.”

Amit Kunal, Managing Partner at GCP, added:

“This partnership aligns with our strategy of investing in high-quality, scalable businesses benefiting from India’s robust consumption growth. The ice cream segment is among the fastest-growing consumer categories in India. Through this investment, we look forward to supporting Homemade’s nationwide expansion and exploring regional export opportunities, including Southeast Asia.”

New Whitepaper Charts Roadmap to Mainstream Direct Selling in India’s Internal Trade Ecosystem

New Delhi, 1st November, 2025:  Aakhya India, a leading communications and public policy research organization, released its latest whitepaper at a high-level roundtable on “Internal Trade & Micro-Retailing: Achieving Inclusive Growth and Last-mile Empowerment” in New Delhi. Special keynotes were delivered by Dr. Sasmit Patra, Member of Parliament (Rajya Sabha) and Mr. Sanjeet Singh, Senior Advisor, NITI Aayog, with the event bringing together several senior government officials, domain experts, and industry leaders to discuss the future of inclusive and resilient domestic commerce in India. 

Discussing the suggestions from the report, the speakers emphasized the need to bring the direct selling sector within the scope of India’s internal trade architecture, overseen by the Department for Promotion of Industry and Internal Trade (DPIIT).

In his address, Dr. Sasmit Patra, Member of Parliament (Rajya Sabha), said, “Direct selling is a crucial sector of the consumer economy, with a market size of over ₹22,000 crore and the livelihoods it generates, in light of our vision for a Viksit Bharat and the $5 trillion economy. Discussions like these are essential to explore how governance mechanisms can be made more facilitative, enhance ease of doing business, and help bring in better and more effective policies and legislations.”

Acknowledging the direct selling industry’s journey in India, Sanjeet Singh, Senior Advisor, NITI Aayog, said, “Direct Selling’s strength lies in its inherent design of inclusion. Its role in women’s economic empowerment, rural reach, and livelihood creation makes it an important pillar of socio-economic growth. The Government of India took a landmark step by notifying the Consumer Protection (Direct Selling) Rules, 2021. Sustainable progress, however, requires vigilance to protect consumer interests and maintain industry integrity. Further, NITI Aayog is currently undertaking a comprehensive exercise, which is expected to conclude soon, as a significant step towards enhancing Ease of Doing Business.”

The roundtable featured deliberations among representatives from NITI Aayog, think tanks, legal domain experts, FICCI, CII and industry associations, reaffirming the sector’s role in advancing inclusive, women-led entrepreneurship and economic resilience. 

Welcoming the initiative and speaking on the need for the industry’s formal recognition, Rajat Banerji, Chairperson, FICCI Direct Selling Taskforce, said, “Direct selling bridges formal and informal retail, offering millions of Indians a dignified pathway to livelihood generation and growth through upskilling and entrepreneurial pursuits. These engagements between government and industry stakeholders help assess the sector’s positive contributions to internal trade. An Institutional recognition for direct selling will only aid the government’s efforts in encouraging women entrepreneurs, micro-retailers, and in formulating robust policy frameworks for powering India’s retail evolution.” 

Report Insights

• Over 8 million independent sellers form the backbone of India’s direct selling industry, with 44% being women entrepreneurs.
• The sector has grown at a CAGR of 7.15% in the last 5 years, reaching ₹25,000 crore by 2025.
• The whitepaper proposes a dual-governance model, aligning DPIIT’s trade facilitation with DoCA’s consumer protection framework.
• Drawing on global best practices and institutional support extended to retail and e-commerce, it recommends a harmonized, facilitative, and transparent policy environment for direct selling.

New Delhi, 1st November, 2025: With the commencement of wedding season, MMTC-PAMP, India’s only London Bullion Market Association (LBMA) accredited Good Delivery gold & silver refiner, is enabling ease of access and quick delivery of its purest minted gold and silver products with leading quick commerce platform, Swiggy Instamart, offering customers the ideal gifting choice for traditional and social occasions.

Customers, through the Swiggy Instamart app, can avail MMTC-PAMP’s 24K minted gold products at 999.9+ purity such as Lotus Gold Coin (0.5 gm, 1 gm and 5 gm) and Lotus Gold Bar (2gm). Additionally, customers also get the option to purchase purest silver minted products at 999.9+ purity such as Silver Banyan Tree Coin (5gm), Silver Ganesh and Lakshmi Coin (10gm and 20gm) and Silver Casted Bar (1kg).  

Highlighting the significance of this partnership, Mr Samit Guha, Managing Director and CEO, MMTC-PAMP said, “At MMTC-PAMP, we have always strived to reach every Indian customers and household with our best product offerings. Our partnership with Swiggy Instamart comes at a time when the wedding season is in full swing, making it an ideal collaboration for those seeking the ideal gifting offer. This also comes on the back of the evolving needs and buying preferences of consumers, enabling them to purchase superior and culturally diverse 999.9+ purest gold and silver minted products to be delivered within 10 minutes. With this move, we aim to further expand our consumer base while simultaneously strengthening our relationship with existing customers.”

Every product delivered through Swiggy Instamart will follow MMTC-PAMP’s safety protocols, including tamper-proof packaging, transit insurance (optional), and OTP authentication at delivery, ensuring that precious metals are handled with the highest level of security.

Highlighting the growing demand for precious metal products, Mr Kashish Vasishta, Deputy General Manager – Marketing PR New Product Development & Ecommerce, MMTC-PAMP said, “Gold and silver have been part of our tradition and culture as symbols of well-being, prosperity and good wishes. The demand for minted gold and silver is growing strong with young and tech-savvy customers and investors who prefer quick delivery. Swiggy Instamart’s wide coverage across India provides convenient and accessible purchase of our purest precious metals offering.”

This launch comes at a time when India’s quick-commerce sector is witnessing exponential growth. As per a recent report by CareEdge Ratings, quick-commerce orders have doubled to Rs 64,000 crore in FY25 and are expected to reach Rs 2 lakh crore by FY28.

Every product created by MMTC-PAMP goes through a rigorous purification process to ensure 99.99%+ (999.9+) purity of the metal. To validate the authenticity, every MMTC-PAMP product carries a unique number and comes packaged in Assayer Certified Minted Cards. Each gold and silver product bought from MMTC-PAMP offers positive weight tolerance, which guarantees that every coin or bar one buys weighs more than the listed weight, ensuring customers receive the highest value for their investment.

Hyderabad, November 1, 2025: The Hyderabad Entrepreneurship Summit (HES 2025) — a landmark two-day celebration of innovation, leadership, and collaboration — began this evening at Hitex Exhibition Centre, organised by the TiE Hyderabad Chapter in partnership with the Government of Telangana.

It was inaugurated collectively by HEEC-Hyderabad Entrepreneurial Ecosystem Collective Partners, a unique initiative of TiE Hyderabad Chapter.

Held under the theme “Transforming Tomorrow, together”, HES 2025 is designed to showcase Hyderabad’s evolution as one of India’s most dynamic entrepreneurial ecosystems — connecting local innovation with global opportunities.

The summit has brought together over 1,500 entrepreneurs, investors, corporates, policymakers, and ecosystem enablers, featuring inspiring keynotes & fireside chats, sector-focused industry Sessions, masterclasses by industry experts, startup pitches & expo showcases, special recognitions & awards celebrating entrepreneurial excellence across sectors.

Speaking on the occasion, Rajesh Pagadala, President, TiE Hyderabad, said the summit builds on TiE’s national mission “1x10x100” — to create 1 million entrepreneurs, 10 million jobs, and $100 billion in value over the next decade.

“This perfectly aligns with Telangana’s vision of becoming a global innovation powerhouse by 2047. TiE Hyderabad has mentored thousands of founders over the last 26 years — now it’s time to give back by shaping the next generation of entrepreneurs,” he said.

A highlight of the opening ceremony was the launch of the Hyderabad Entrepreneurial Ecosystem Collective (HEEC) — a strategic TiE Hyderabad initiative designed to foster collaboration, inclusivity, and shared growth among startups, investors, academia, industry bodies, and incubators.

The MoU was signed by leaders of TiE Hyderabad, HYSEA, FTCCI, COWE, ALEAP, Biome, Hyderabad Angels, Mahindra University, iCollab, Bala Vikasa CSRB, IACC, IIKP, T-Hub, RICH, TG10X, Wadhwani Foundation, and Founders First. Initially led by TiE Hyderabad, the collective will operate on a rotational leadership model among partner institutions to ensure continuity and inclusivity.

Rajesh Pagadala and Murali Kakarla, President and Vice President of TiE fecilitated the MoU with all the ecosystem partners.

Mr Nikhil Chakravarthi, Director (Industries), Government of Telangana, announced a strategic MoU between TiE Hyderabad and the Department of Industries & Commerce. Through this partnership, TiE and the State will jointly scale 500 high-potential SMEs across Telangana by 2029, under the “500 to 5X Growth Mission.”

The mission will identify SMEs in the ₹25–₹50 crore bracket and help them achieve 5X growth through mentorship, market access, and capital linkage — potentially generating 3–5 lakh new jobs.
The MoU also provides for the establishment of a Telangana SME Acceleration Cell, SME Capital Access Clinic, and five regional mentoring hubs.

Mr Nikhil added that Telangana is deregulating certain Acts, such as the Factories Act and Labour Act, to further ease business operations and create flexible zones to boost industry competitiveness.

He also highlighted that Telangana is actively implementing the District Reform Action Plan (DRAP) under the national Ease of Doing Business (EoDB) initiative.

Delivering the keynote, Murali Bukkapatnam, TiE Global Chair of Trustees, said, “Hyderabad is no longer just the city of pearls and biryani — it’s a fountainhead of disruptive energy and a launchpad for visionary leaders.”

He announced the upcoming TiE Global Impact Report and TiE Impact Dashboard, aiming to strengthen the 68-chapter global network and grow membership and revenues by 20%.

Ambassador Syed Akbaruddin, Dean of Kautilya School of Public Policy, addressed the topic “Entrepreneurs & Global Uncertainty”, urging founders to build resilience amid geopolitical volatility and global interdependence.

The TiE Hyderabad Outstanding Entrepreneurship Awards 2025, chaired by Mr Kali Prasad (Chairman, EThames Business School) and evaluated by a jury led by Mr G.V. Prasad (Co-Chairman & MD, Dr. Reddy’s Laboratories), recognised visionary founders, investors, and ecosystem builders.

Another highlight was the launch of TiE50 Telangana, powered by Qualcomm, celebrating high-growth startups from the region.

Day 1 concluded with “Rhythms & Connections” — an evening of live music and networking for TiE Charter Members, CXOs, and investors.

Day 2 will feature 100+ speakers and 25+ sessions covering DeepTech, HealthTech, Defence & Aerospace, Artificial Intelligence, Family Offices, Innovation & Incubation, and TiE Women & TiE University Pitch Tracks. The concurrent Entrepreneurship Expo showcases 80+ startups and ecosystem partners from across India.

India’s LogiPe to Join AtoB in a Cross-Border Fintech Move Aimed at Global Fleet Transformation

 New Delhi, India, 31st October, 2025 : LogiPe, a leading real-time payments and fleet solutions company in India, today announced that it is set to be acquired by AtoB, a global financial services company transforming payments and spend management for the fleet ecosystem. The strategic move will accelerate the development of a next-generation financial services offering for fleet owners and operators worldwide.

Founded in 2022, LogiPe has partnered with over 10,000 fleet owners in India, helping streamline payments through prepaid cards. Its client portfolio includes prominent logistics companies such as Bigstock Logistics and Instant Transports. LogiPe pioneered real-time payments and developed a vertical operating system (OS), which will now be integrated into AtoB’s comprehensive platform.

AtoB, founded in 2019, serves tens of thousands of fleets building integrated payments, working capital and spend management solution that encompasses fleets, freight brokers, and invoice factoring companies. The acquisition will enhance AtoB’s capabilities in offering innovative credit products that enable fleet managers payment flexibility when purchasing business critical expenses such as tires, spare parts and insurance. LogiPe’s technology will also contribute to AtoB’s development of a fleet operating system that can serve as a system of record for fleet owners.

The combined expertise of LogiPe and AtoB will support the establishment of a Global Capability Center (GCC) in India, focused on hiring a world-class team to develop solutions for the global fleet market. This integration reflects LogiPe’s commitment to innovation and its vision of simplifying payments and operations for fleet owners everywhere.

Mrutyunjay, Founder & CEO of LogiPe, said, “Joining AtoB provides an opportunity to scale our real-time payment solutions and operating system, delivering greater value to fleet owners and operators across markets. Together, we will shape the future of fintech for global fleets.”

Vignan, Founder & CEO of AtoB, added, “LogiPe’s technology and expertise complement our vision perfectly. This partnership will accelerate innovation and expand our global reach.”