Indian Companies

GoMechanic eyeing threefold growth to Rs 700 cr by 2027 before IPO launch

Car services and repair platform GoMechanic expects over three-fold rise in net revenue to Rs 700 crore by 2027 and thereafter go for public listing, a top official of the company said. GoMechanic Co-Founder and CEO Himanshu Arora told PTI that the company at present has around 3 per cent market share and aims to raise it to 10 per cent in the next three years. The company is also looking to diversify offerings, foraying into the two-wheeler and electric vehicle services segment. "We sit at about 3 per cent of the market share right now and to be servicing every 1 car out of ten would be around 10 per cent by 2027. By 2027, we expect our brand to generate approximately Rs 700 crore in revenue. We believe that an IPO is a natural next step for GoMechanic's growth story," Arora said. The company at present provides services through 800 garages across 125 cities and plans to scale up to 2,500 garages across 500 cities by 2027. GoMechanic was acquired by Servizzy, a subsidiary of the

Wipro names Ranjita Ghosh as global chief marketing officer effective Feb 1

IT company Wipro on Monday said it has appointed Ranjita Ghosh as its new Global Chief Marketing Officer (CMO), effective February 1 next year. Ghosh takes the chair from Laura Langdon, who has decided to explore career opportunities outside Wipro, a company statement said. Previously CMO of Wipro's Asia Pacific, Middle East & Africa (APMEA) strategic market unit, Ghosh will now lead all marketing activities for Wipro across its geographies. She will report to the Chief Strategist & Technology Officer Hari Shetty. With about two decades of experience in the global technology services industry, she has held various roles in sales, business development, growth marketing, buyer experience, and ecosystem partnerships. Additionally, she has managed marketing for several high-value portfolios and led teams across North America, Europe, and Asia-Pacific. Shares of Wipro settled at Rs 307.90 apiece on the BSE on Monday, 0.90 per cent higher than the previous close.

MCA offers e-adjudication, e-consultation to boost stakeholder confidence

The Ministry of Corporate Affairs (MCA) has introduced e-adjudication and e-consultation platforms to streamline legal proceedings and foster a more business-friendly regulatory environment, a senior official said on Wednesday. Addressing the ASSOCHAM-ACCA Global Summit on Responsible Corporate Governance and Sustainability Reporting, Anita Shah Akella, CEO of the Investor Education and Protection Fund Authority (IEPFA) and Joint Secretary at MCA, highlighted the government's commitment to balancing corporate integrity with economic dynamism. The introduction of e-adjudication and e-consultation platforms aims to simplify legal procedures, improve stakeholders' experience, and bolster India's ranking in the ease of doing business. "We are moving more towards an ease of doing business era, and an ease of exit of business doing era," she said. The corporate affairs ministry has decriminalised various offences under the Companies Act, 2013, marking a significant shift towards a ...

Amazon raises cumulative export target from India: $80 billion by 2030

Says it's on track to reach $20 bn goal in exports by 2025

The power of India's family businesses: Strength in a changing economy

While concentration in the Indian economy has declined, large family business groups have strengthened their position and continue to wield significant pricing power

Medusa partners with Warner Bros for 'House of the Dragon' beer launch

The beer highlights smoky, burnt notes, mirroring the fiery essence of roasted malts

Airtel's AI-powered spam filter catches 8 bn calls and 0.8 bn SMS

Up to 6 per cent of all calls, 2 per cent of SMS noted as spam on the Airtel network

Lockton aims to double business outside US in 4 Years, says CEO Chris Brown

The insurance broker recently entered the Indian insurance market and acquired Arihant Insurance Brokers as a strategic initiative to gain entry into the broking market in the country

SBI Card surpasses milestone of 20 million credit cards in circulation

According to a press release by SBI Card, it achieved the milestone of 20 million credit cards in force, having started its credit card business in 1998

RPG Group's Ceat to acquire Camso brand from Michelin for $225 million

The acquisition will give tyre major access to 40 global OEMs and broaden its product offering into construction tyres and bias tracks

Tata Power plans Rs 1.25 trillion investment between FY26 and FY30

Raises FY25 capital expenditure by 72% compared to FY24

Maruti, M&M join Hyundai in announcing price hikes as input costs rise

Up to 4% increase to be effective from Jan 1; higher input costs drive the move

We continue to grow ahead of the market, says Myntra CEO Nandita Sinha

Sinha said Myntra touched 70 million monthly active users during this festive season, and the Gen Z customer base doubled in one year

Flipkart-owned Myntra launches 30-minute order delivery with 'M-Now'

With the launch of M-Now, Myntra is among the first vertical players of scale globally to start delivering fashion at hyper speed

Antler India plans to invest Rs 211 crore in 50 start-ups in 2025

Venture Capital firm Antel India is planning to invest USD 25 million, or about Rs 211 crore, in 50 startups in 2025, the company said on Wednesday. The venture capital firm has invested in 30 startups in 2024 through its maiden USD 75 million fund. "Antler plans to ramp up investments further in the next year and make 50 investments in 2025. We plan to invest USD 25 million in the 50 companies," Antler India Partner Rajiv Srivatsa told PTI. The company's 2024 investments include a wholesale marketplace for fashion retail Bizup, aluminium-air fuel cell technology company Meine Electric, open mobility platform Namma Yatri, personal loan facilitator firm Keeper, which uses paid leaves as digital assets for salaried employees, AI-powered dashcam provider Cautio, etc. "Our investment pace reflects both the quality of the founders we're meeting and our conviction that the next wave of global technology companies will emerge from India. We have invested in 30 companies this year, many of

Swiggy Q2 results: Loss narrows to Rs 626 cr, revenue up 30% at Rs 3,601 cr

Swiggy's overall Gross Order Value (GOV) grew 30 per cent year-on-year to reach Rs 11,306 crore, reported the company for the quarter and half-year ended September 30, 2024

Hindustan Unilever's Vim brand set to cross Rs 3,000 crore mark soon

As Vim is the leader in the dishwashing space, the company has now entered the floor cleaning category with the same brand

PhonePe aims to replicate UPI success across expanding financial services

At present, the overall user base of PhonePe is over 500 million. Of these, its merchant base is over 40 million

We open 65,000 savings accounts a day, says SBI Chairman CS Setty

He says SBI is comfortable with liquidity with overall credit deposit ratio at a modest 68 per cent and the aim is to maintain incremental CD ratio at 100 per cent

Nasscom unveils Developers Playbook for responsible AI in India

The initiative of the Nasscom Responsible AI Hub to come up with a playbook will establish a unified industry framework for AI risk identification and mitigation in India