Kanchan Aswani and Kartik Shivnani of Konkan Estates receive an award from Maharashtra Minister Shri Mangal Prabhat Lodha at the Gems of Maharashtra event in Mumbai.

Mumbai (Maharashtra) [India], July 6: On 29th June 2026, Kanchan Aswani, CEO & Managing Director, and Kartik Shivnani, Director of Konkan Estates – A Tathastu Global Venture, were honoured with the Gems of Maharashtra 2026 by The Times Group, broadcast on ET Now Swadesh, in the Real Estate category for Excellence in Branded Land and Managed Farmland Developments. The award was conferred by Shri. Mangal Prabhat Lodha, MLA, Minister of Skill Development, Employment, Entrepreneurship, and Innovation, Government of Maharashtra, and Founder of the Lodha Group. Shri. Lodha’s Maharashtra Startup, Entrepreneurship and Innovation Policy 2025 envisions nurturing 125,000 entrepreneurs and 50,000 startups over five years. Konkan Estates’ managed farmland model, enabling investors to own income-generating agricultural assets, supports this vision of building a generation of agricultural entrepreneurs.

Record of National Recognition

This honour follows two awards in 2026: the “National Outstanding Enterprise Leadership Award” at the Money Alpha Summit, Greater Noida, on 25th April, and the “Inspiring Leaders Award 2026”, conferred by Shark Tank India investor Anupam Mittal on 18th April.

Contributing to Viksit Bharat 2047

Prime Minister Narendra Modi has committed over ₹35,000 crore toward doubling farmers’ incomes and achieving food security for India. Konkan Estates advances this vision through its managed farmland model, guaranteed buy-back program, and GI-tagged Ratnagiri Alphonso mango exports to the UAE, United Kingdom, and Singapore, generating foreign exchange, rural employment, and agricultural income aligned with the PM Dhan Dhaanya Krishi Yojana.

The company’s investments across Ratnagiri, Dapoli, and Sindhudurg support Chief Minister Shri. Devendra Fadnavis’ vision of transforming Maharashtra into a $5 trillion economy by 2047. Its eco-sensitive developments align with Maharashtra Budget 2026’s priorities of agricultural transformation and coastal infrastructure investment. Konkan Estates has aligned its farmer income programs with the Agriculture Minister, Shri. Dattatray Bharne’s mandate for sustainable farming, farmer welfare, and Maharashtra’s horticultural export footprint. Kartik Shivnani, Director, said: “Receiving these awards reinforces what we have believed throughout 40 years. The Konkan coast is India’s most powerful agricultural & investment corridor. The ecosystem we have created makes Konkan real estate investments accessible, transparent & generational.”

Kanchan Aswani, CEO & Managing Director, said: “We are creating a new asset class combining tax-free agricultural income, land appreciation, and ecological responsibility. Our goal is to make Konkan Estates India’s trusted agri investment and coastal land development brand.”

Landmark Developments

Tathastu Mango Valley, Narme, Ratnagiri, delivers a minimum 7% assured agricultural ROI, 100% tax-free under Section 10(1) of the Income Tax Act, with harvest buy-back through Fantastic Mangoes. Tathastu Sea Breeze, Kelshi, Dapoli, offers sea-view villa plots in Maharashtra’s fastest-growing second-home destination. The Boulevard by Tathastu is India’s first plotted wellness community integrating Ayurveda and healing on the Konkan coast, north of Goa. More than 250 exclusive Channel Partners market Konkan Estates projects nationally and globally. Their brand, Fantastic Mangoes, has commenced B2C pre-orders for the 2027 harvest and is expanding procurement operations in other mango-producing states.

About Konkan Estates

Konkan Estates — A Tathastu Global Venture is India’s leading branded land and managed farmland developer with 40 years of operations in the coastal regions of Maharashtra, Goa, Karnataka, and Kerala. Its affiliate company, Konkan Agronomics Pvt Ltd, manages over 200 acres of mango plantations with over 20,000 trees across Vengurla, Rajapur, Narme, Ratnagiri, Dapoli, and Alibag. Its processing unit in Pawas, Ratnagiri, is backed by a vertically integrated farm-to-consumer supply chain. Fantastic Mangoes is a vendor on quick-commerce platforms, including BigBasket, and supplies across general trade, modern trade, and HORECA segments. Their Rent-A-Tree initiative makes farming accessible to every Indian. To know more about Konkan Estates, visit www.konkanestates.com. 

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New Delhi [India], July 6: Indian technology startups raised approximately $4.37 billion in disclosed funding between April and June 2026, according to Analytics Insight’s new market report ‘India Tech Funding Q2 2026’, tracking capital flow, deal volume and sector performance across the quarter. The findings point to a barbell-shaped funding structure, with heavy activity at the seed stage and concentrated capital at the late stage, while mid-stage funding stayed comparatively thin.

Monthly funding follows a V-shaped curve

Disclosed funding totaled $1.63 billion in April, dropped to $1.05 billion in May and rebounded to $1.69 billion in June. April’s total was driven by four mega-rounds above $100 million, including Sarvam’s $427 million funding raise. May funding rounds marked the quarter’s lowest point as deal activity slowed. June fundings recorded the fewest deals of any month yet posted the highest total, powered almost entirely by CRED’s $900 million Series H round led by Meta.

Fintech and Karnataka dominate

Fintech led all sectors with $1.35 billion funds raised, driven by large consumer credit and lending rounds. Karnataka emerged as the leading state for deal volume throughout the quarter, anchoring 32 deals in April alone. Seed and Angel-stage deals accounted for roughly half of total deal volume across the quarter, while late-stage funding from Series C onward totaled $2.67 billion across 21 deals.

Non-VC capital plays a growing role

Venture capital accounted for 84% of total deal count and 81% of disclosed funding, but private equity and debt instruments contributed a significant share of total capital, supporting mature businesses, infrastructure and energy projects. HDFC Bank emerged as the most frequent participant through grant-based programs, while Accel and the Indian Angel Network each appeared in seven deals.

Outlook for Q3 2026

Analytics Insight’s latest report frames Q3 2026 as a key test of whether capital concentration among a small number of large deals will continue or give way to broader participation across sectors and regions. This is important as AI infrastructure and non-VC funding sources now continue to expand their role in the ecosystem.

The full report, ‘Indian Tech Funding Q2 2026’, includes detailed state-wise, sector-wise and stage-wise breakdowns along with investor activity data.

Access the full report here.

About Analytics Insight

Analytics Insight is a leading technology media and research platform covering artificial intelligence, data analytics and emerging technologies across global markets. The platform combines rigorous journalism, data-driven analysis, and exclusive access to industry visionaries to deliver insights that don’t just report on technology; they shape its trajectory.

Contacts

Ashish Sukhadeve
Founder & CEO

Email: ashishsukhadeve@analyticsinsight.net

Tel: +91-40-23055215

http://www.analyticsinsight.net

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Mumbai (Maharashtra) [India], July 6: H.E. Saeid Reza MosayebMotlagh, Consul General of the Islamic Republic of Iran in Mumbai, accompanied by Mr. Mohammad Reza Fazel, Director of the Culture House of Iran, Mumbai, met PadmaShri Adnan Sami and conveyed their heartfelt appreciation on behalf of the people of Iran for his recently released musical composition dedicated as a tribute to the Late Supreme Leader and the people of Iran.

During the interaction, the Iranian dignitaries acknowledged the emotional depth and artistic sensitivity reflected through the musical tribute, appreciating the gesture as a symbol of cultural respect, solidarity, and humanitarian values.

The meeting highlighted the longstanding cultural ties and artistic friendship shared between India and Iran, further strengthening mutual appreciation through music, art, and meaningful cultural exchange.

The tribute by Adnan Sami has resonated with audiences across borders and stands as a message of peace, humanity, unity, and emotional harmony between the people of both nations.

The occasion also reflected the growing cultural engagement between Indian and Iranian artistic communities, emphasizing the power of music as a universal language that transcends boundaries and brings people together in moments of remembrance and reflection.

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Gandhinagar (Gujarat) [India], July 6: The 4th edition of SOMS 2026 (Specialty Fertilizer Summit & B2B Expo 2026), organized by the Soluble Fertilizer Industry Association (SFIA), concluded successfully at Gift City Club, Gandhinagar. The three-day summit brought together specialty fertilizer manufacturers, industry leaders, scientists, researchers, startups, agri-input companies, and stakeholders from across the country to discuss the future roadmap of India’s specialty fertilizer sector.

Organized under the theme “The Foundation of a Self-Reliant India,” SOMS 2026 focused on strengthening domestic manufacturing capabilities, promoting innovation, reducing dependency on imports, and developing sustainable solutions for Indian agriculture.

Speaking about the summit, Mr. Rajib Chakraborty, President, SFIA, said that India’s specialty fertilizer sector has huge potential to contribute towards Subsidy reduction, sustainable agriculture, and Nutrition Security. He added that SOMS 2026 provided a platform for manufacturers, researchers, and industry experts, a linkage between academia and the industry to work on import substitution. He added that the, instead of academic research, an industry guided research is need of the hour for 2047 vision of self-reliant India.

The summit witnessed several important panel discussions on key industry issues. The session “Linking Practices in Fertilizer Distribution: Opportunity, Challenge or Necessity” included insights from industry experts and was moderated by Ms. Laxmi Devi Aere, Senior Assistant Editor, Press Trust of India (PTI). The discussion focused on challenges, opportunities, and future approaches related to fertilizer distribution practices.

Another key session, “Fertilizer Start-ups & Innovation for Self-Reliance: Reality or Gimmick?”, moderated by Mr. Ashish Pandey, Special Correspondent, The Economic Times, explored the role of startups, technology adoption, and innovation in transforming India’s fertilizer industry.

The session “United for Growth: Past, Present & Future of Specialty Fertilizer Policy – Industry Perspective,” moderated by Mr. Subramani Ra Mancombu, The Hindu Business Line, highlighted industry perspectives on policy reforms, regulatory challenges, and future growth opportunities.
A major highlight of the summit was the SOMS Thesis Showdown, where students and young researchers showcased innovative ideas and research-based solutions related to agriculture and specialty fertilizers. Dr. Pranjib Chakrabarty emphasized that collaboration between research institutions and industry is essential for bringing new technologies to farmers and building a sustainable agriculture ecosystem.

The summit also recognized the contribution of agricultural journalists through the SOMS Agri Journalism Awards 2026. In the Marathi (Print & Digital) category, Mandar Madhusudan Mundale was honoured as the winner. In the Hindi (Broadcast & YouTube) category, Arvind Shukla from News Potli received the winner award, while in Hindi (Print & Digital), Jitender Boora from Dainik Bhaskar was announced as the winner.

Senior journalists and media professionals were also honoured for their contribution towards agriculture journalism and farmer education. Subramani Ra Mancombu (The Hindu Business Line), Ms. Laxmi Devi Aere (PTI), Shambhavi Anand (The Economic Times), and Suchetana Choudhury (Agro Spectrum) received special recognition awards.

With active participation from industry representatives, researchers, innovators, and agriculture experts, SOMS 2026 concluded as an important platform for knowledge exchange, collaboration, and creating a future-ready specialty fertilizer sector. The summit reinforced the vision of building an innovative, sustainable, and self-reliant agricultural ecosystem in India.

The two-day SOMS B2B Expo 2026 also received an overwhelming response from the agriculture and fertilizer industry. The expo witnessed participation from 70+ exhibitors showcasing advanced solutions, innovative products, and new technologies in the specialty fertilizer sector. More than 2,000 visitors, including industry professionals, farmers, researchers, entrepreneurs, and stakeholders, visited the exhibition, making it a successful platform for business networking, knowledge exchange, and exploring future opportunities in the agriculture sector.

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The move follows its BSE SME listing in 2022 and comes as the company scales capacity across air conditioners, compressors, EMS and deep freezers

Nashik, (Maharashtra) [India], July 6: Virtuoso Optoelectronics Limited (VOEPL), an Electronics Manufacturing Services company with OEM and ODM capabilities across consumer durables and white goods, today announced the successful migration of its equity shares from the BSE SME Platform to the Main Board of NSE and BSE.

The migration marks an important step in VOEPL’s journey as a listed company. The company was listed on the BSE SME Platform in 2022 and has since expanded its manufacturing presence across key product categories including air conditioners, compressors, refrigeration products, LED lighting, water dispensers and washing machines.

With effect from July 1, 2026, the company’s entire issued and paid-up equity share capital comprising 3,18,33,079 equity shares of ₹10 each has been listed and admitted to dealings on the NSE and BSE Main Boards.

The development comes at a time when VOEPL is strengthening its manufacturing scale and expanding capacity across key segments. The company currently operates 10 manufacturing facilities across Nashik, Chennai and Sanand with a total manufacturing area of ~ 1.5 million sq. ft. Its multi-location manufacturing strategy supports geographic diversification, while its multi segment strategy helps it diversify its business operations. Further, backward integration capabilities allow the company to provide products with desired quality and cost structure for its customers. 

Key Highlights

• Successfully migrated from the BSE SME Platform to the NSE and BSE Main Boards effective July 1, 2026
• Entire issued and paid-up equity capital comprising 3,18,33,079 equity shares of ₹10 each is now listed on the Main Boards
• Migration approved by 99.81% of shareholders through a Postal Ballot concluded in November 2025
• VOEPL was listed on the BSE SME Platform in 2022
• The company is expanding capacity across air conditioners, EMS, compressors and commercial refrigeration

Commenting on the development, Sukrit Bharati, Managing Director, Virtuoso Optoelectronics Limited, said, “The migration to the NSE and BSE Main Boards is an important milestone for Virtuoso Optoelectronics and reflects the confidence shown by our shareholders. Since our listing on the BSE SME Platform in 2022, we have focused on building manufacturing depth, improving backward integration and expanding our capabilities across key consumer durable categories.”

He added, “This move gives us access to a wider investor community and strengthens our position as we enter the next phase of growth. We remain grateful to our customers, investors, bankers, partners, employees and all other stakeholders for their continued support.”

Since its incorporation in 2015, Virtuoso Optoelectronics Limited has grown into a diversified manufacturing partner offering integrated OEM and ODM solutions along with Electronics Manufacturing Services. The company manufactures air conditioners, refrigeration products, reciprocating compressors, LED lighting products, water dispensers, washing machines and other consumer durable products for leading brands.

With facilities located across Nashik, Chennai and Sanand, supported by backward integration and advanced manufacturing infrastructure, VOEPL continues to strengthen its position in India’s electronics and consumer durables manufacturing ecosystem.

The company has also been investing in product diversification, localisation and technology-led expansion. VOEPL is a beneficiary under the Government of India’s Production Linked Incentive Scheme for White Goods and continues to expand its manufacturing footprint in line with India’s vision of becoming a global manufacturing hub.

About Virtuoso Optoelectronics Limited

Virtuoso Optoelectronics Limited is an Electronics Manufacturing Services company with OEM and ODM capabilities across consumer durables and white goods. Incorporated in 2015, the company serves leading consumer brands and manufactures products across categories such as air conditioners, refrigeration products, compressors, LED lighting, water dispensers and washing machines. The company operates manufacturing facilities across Nashik, Chennai and Sanand.

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IFCCI Luxury Committee Leadership with key dignitaries at the inaugural session in Paris on 1 July 2026.

Paris [France], July 06: The Indo-French Chamber of Commerce and Industry (IFCCI) Luxury Committee and Comité Colbert signed a landmark Memorandum of Understanding (MoU) in Paris, establishing a long-term framework for Indo-French collaboration across luxury, craftsmanship, culture, design and the creative industries.

The MoU was signed during India’s New Script on Luxury, Craft and Culture, a half-day programme held at the Swami Vivekananda Cultural Centre in Paris on 1^st July 2026. The event brought together leaders from luxury maisons, fashion, design, retail, real estate, policy, law, education, culture and India’s craft and couture ecosystems to discuss India’s growing role in the global luxury landscape.

Under the MoU, the IFCCI Luxury Committee and Comité Colbert will develop sustained engagement through roundtables, symposiums, industry delegations, knowledge papers, policy dialogues and cultural exchange programmes. The partnership will also encourage greater interaction between French luxury maisons and Indian designers, artisans, creative entrepreneurs and institutions.

The signing took place at a pivotal moment for India’s luxury sector. Expanding premium retail infrastructure, rising consumer sophistication, deep craft traditions and a confident new generation of designers are positioning India both as a fast-growing luxury market and as an increasingly influential creative voice.

Reiterating the depth of the cultural and business relationship between India and France, the event’s esteemed diplomatic speakers – including H.E. Mr. Sanjeev Singla, Ambassador of India to France and the Principality of Monaco; Shri Amardeep Singh Bhatia (IAS), Secretary, DPIIT, Government of India; Nicolas Dross, Trade Advisor, European Commission; and Ms. Éléonore Caroit, Minister Delegate for Francophonie, International Partnerships and French Nationals Abroad – underlined the strategic importance of this partnership in strengthening bilateral cooperation across luxury, craft, culture and the creative industries. 

Spokespersons from IFCCI, the IFCCI Luxury Committee and Comité Colbert expressed a shared sense of optimism, renewed energy and excitement about the collaborative opportunities ahead, with the ambition of unlocking the full potential of Indo-French relations for luxury and cultural businesses.

“France and India share a profound respect for the hand, the eye and the time required to create objects of lasting value. This MoU opens a new chapter of exchange between French maisons and India’s creative ecosystem. It is an invitation to learn from one another, to celebrate craftsmanship in its many forms, and to imagine how heritage can remain alive, relevant and inspiring for future generations.” 

— Bénédicte Epinay, President & CEO, Comité Colbert

“This MoU gives structure to a relationship whose potential has long been evident. As one of the world’s fastest growing consumer markets, India is emerging as a strategic growth destination for luxury brands and an increasingly important voice in conversations on retail, craftsmanship, consumer insight, policy and cultural value. Through this collaboration, IFCCI will help build a more continuous and purposeful bridge between the French and Indian luxury ecosystems.” 

— Payal S. Kanwar, Director General, IFCCI

“Luxury is one of the most powerful languages of cultural diplomacy because it carries memory, skill, identity and imagination. India and France both understand that excellence is not built overnight; it is transmitted across generations. This partnership allows us to connect two cultures of savoir-faire, while giving India’s designers, artisans and creative entrepreneurs a stronger voice in the global luxury dialogue.” 

— Srimoyi Bhattacharya, Chairperson, IFCCI Luxury Committee and Founder, Peepul Advisory

PROGRAMME AT A GLANCE 

Beyond the signing, the programme mapped the structural, creative and cultural forces shaping India’s luxury ecosystem. The sessions covered policy and legal frameworks, India’s role in the global luxury value chain, couture, retail infrastructure, consumer insight, digital influence, talent development, handloom innovation and future Indo-French exchange. 

ABOUT IFCCI AND IFCCI LUXURY COMMITTEE | The Indo-French Chamber of Commerce and Industry (IFCCI) is one of the most active chambers within the global CCI France International network, which spans 125 chambers across 95 countries. It has seven offices in Mumbai, New Delhi, Bengaluru, Chennai, Pune, Hyderabad and Paris. IFCCI launched its Luxury Committee in November 2022. The committee brings together leading French and Indian luxury and premium brands. As India’s luxury market expands, the IFCCI Luxury Committee provides companies in this segment with a platform for knowledge-sharing, advocacy, dialogue and the promotion of ideas. 

ABOUT COMITÉ COLBERT | Founded in 1954 by Jean-Jacques Guerlain, Comité Colbert brings together French luxury maisons, cultural institutions and European luxury maisons. Its mission is to promote, sustainably develop and transmit French savoir-faire and creation, while championing French art de vivre on the world stage.

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New Delhi [India], July 6: Jamboree Education, a leading provider of test preparation and academic counselling for students aspiring to study abroad, is excited to announce the launch of four new centres across India. These new locations in Ghodbunder (Mumbai), Nerul (Navi Mumbai), Dwarka (Delhi), and Kharadi (Pune) will cater to the growing demand for study-abroad counselling services and expert coaching in competitive exams such as GMAT, GRE, SAT, TOEFL, IELTS, and more.

Since 1993, Jamboree Education has helped lakhs of students achieve their dreams of studying at top universities worldwide. The expansion of its physical presence is a testament to the company’s commitment to making high-quality education accessible to students across India.

“We are thrilled to open these new centres in four major cities across India. This expansion not only enables us to reach more students, but also allows us to provide personalised coaching and expert advice to help them succeed in their academic and professional pursuits,” said Aryama Dutta Saikia, CEO of Jamboree Education. “These new locations reflect our continued growth and commitment to supporting students in their journeys to study abroad.”

New Locations:

• Ghodbunder (Mumbai) – Conveniently located for students and professionals in Mumbai, this centre will offer personalised coaching for various international entrance exams, along with admissions counselling for universities across the world.
• Nerul (Navi Mumbai) – An accessible centre for students in the Navi Mumbai area, the Nerul centre is poised to serve aspiring students with their higher education goals.
• Dwarka (Delhi) – Located in a prime educational and residential zone, the Dwarka centre will cater to students looking to pursue higher education abroad, providing them with world-class coaching and resources in Delhi.
• Kharadi (Pune) – Known for its thriving student community, the Kharadi Centre in Pune will offer students access to specialised courses designed to help them excel in their global education journey.

These new centres will offer Jamboree’s signature teaching methods, which combine classroom instruction, mock tests, and personalised mentoring to ensure the best results. Each location will be staffed with expert trainers and academic counselors who are dedicated to guiding students through every stage of their exam preparation and application processes.

In addition to test preparation, Jamboree Education provides services such as visa counseling, application assistance, and profile evaluation to ensure that students have a comprehensive support system as they work towards studying abroad.

The launch of these centres is part of Jamboree Education’s broader strategy to provide students with the resources and guidance they need to succeed in an increasingly competitive global education landscape. With these four new centres, Jamboree is set to enhance its footprint and continue helping students realise their dreams of studying at prestigious international institutions.

About Jamboree Education

Jamboree Education is India’s leading institute for standardised test preparation. With over 33 years of experience, the company offers coaching and counseling services for exams such as GRE, GMAT, SAT, IELTS, TOEFL, and others. Jamboree’s expert faculty and comprehensive programs have helped thousands of students gain admission to top universities across the globe. The company is committed to empowering students with the knowledge, skills, and confidence to succeed in their academic and professional aspirations.

For more information, please visit: www.jamboreeindia.com.

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Hyderabad (Telangana) [India], July 6: Magellanic Cloud Limited (NSE: MCLOUD | BSE: 538891), One of the global providers of digital transformation, AI, and advanced surveillance solutions, announced that its wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance (LOA) worth ₹6.25 crore from South Central Railway, Vijayawada Division for the deployment of AI-enabled surveillance infrastructure across key railway stations. 

The order covers the supply, installation, testing, commissioning and integration of an IP-based Video Surveillance System (VSS), including CCTV cameras, Network Video Recorders (NVRs), networking infrastructure, optical fibre connectivity, UPS systems, earthing, surge protection, system integration and associated works.

The project also includes the replacement and augmentation of Video Surveillance Systems (VSS) at multiple railway stations and the installation of video recording systems in Relay Rooms and Station Master Rooms across the Vijayawada Division.

The surveillance infrastructure will be deployed at Kazipet, Guntur, Vijayawada, and Rajahmundry railway stations for Godavari Pushkaram 2027, with execution scheduled over nine months.

Commenting on the development, Mr. Joseph Sudheer Reddy Thumma, Managing Director & Global CEO of Magellanic Cloud Limited, said: “This order reinforces the growing confidence that the government continues to place in our surveillance capabilities. We have witnessed strong and consistent order inflows for our surveillance business, particularly from PSUs, reflecting the increasing demand for intelligent, reliable, and scalable security infrastructure across critical public assets. 

As India accelerates investments in railway modernisation and public safety, we remain well-positioned to capitalise on these opportunities while strengthening our leadership in AI-enabled surveillance and mission-critical security solutions.”

About Magellanic Cloud Limited

Magellanic Cloud Limited, headquartered in Hyderabad, India, is a global technology company specializing in digital transformation, artificial intelligence (AI), cloud computing, e-surveillance, and drone technologies. The company delivers advanced solutions across industries, including smart infrastructure, defence, fintech, and enterprise IT, serving over 100 clients across the USA, Europe, and Asia.

With a strong ecosystem of subsidiaries such as Motivity Labs, Provigil Surveillance Limited, IVIS International, Scandron, and JNIT Technologies, Magellanic Cloud offers integrated capabilities across IT services and AI-driven surveillance systems. Its solutions are widely deployed in critical infrastructure projects, including railways, highways, and urban security systems, enabling enhanced safety, operational efficiency, and digital innovation.

The company is backed by a team of over 1,600 professionals and emphasizes innovation-led growth through investments in AI, analytics, and cloud technologies. With a focus on process excellence, Magellanic Cloud has achieved CMMI Maturity Level 3 certification, reinforcing its ability to deliver consistent, high-quality solutions aligned with global standards.

The Company got listed on the NSE and BSE in February 2025.

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From Bengaluru to Jaipur, Global Capability Centres are redrawing India’s office map, and the numbers are no longer subtle.

New Delhi [India], July 6: India has crossed a threshold that reframes how the world should think about its commercial real estate. According to the India Real Estate Report 2026 by PropTech Pulse, the country now hosts more than half of the world’s Global Capability Centres (GCCs) — over 2,000 operating units that together occupy 263-plus million square feet of Grade A office space across the top seven cities. In 2025 alone, GCCs leased 31.8 million square feet, the highest single-year figure on record.

For much of the last two decades, the APAC office conversation orbited around Singapore and Hong Kong. That centre of gravity has shifted. GCCs have accounted for roughly 40% of India’s office leasing over the past decade, and in the four core technology clusters — Bengaluru, Hyderabad, Chennai, and Pune — they have absorbed an extraordinary 80.3% of space leased since 2023. This is no longer back-office overflow; it is the primary demand engine of Indian commercial real estate.

What is striking in the 2025 data is not just scale but composition. The GCC story has evolved from cost arbitrage to genuine innovation leadership. Engineering R&D has risen to the top of GCC leasing activity, as global firms build dedicated India teams for product development, chip design, and industrial systems. BFSI has recorded the sharpest jump in share, with global banks and fintech players standing up large operations for risk analytics, compliance technology, and financial modelling. And for the first time, healthcare and biotech GCCs have crossed a double-digit share, as pharma and life-sciences majors establish India centres for clinical data analytics, drug-discovery support, and genomics research.

Together, the ER&D, BFSI and technology segments now represent about 75% of all GCC leasing, a diversification that the report frames as a structural resilience factor, insulating India’s office market from single-sector demand shocks. Roughly 70% of GCC demand between 2018 and 2025 came from US-headquartered firms, underscoring how deeply India is now embedded in global enterprise operating models.

The geography is broadening, too. Bengaluru remains the dominant hub, leading across tech, ER&D and product engineering with the largest GCC workforce concentration in the country. Hyderabad has become the standout for healthcare-biotech centres, powered by large campus developments. Pune anchors automotive, semiconductor, and industrial GCCs; Chennai combines ER&D strength with the tightest office vacancy nationally; and Mumbai and NCR serve as multi-sector hubs weighted toward BFSI and consulting. Beyond the metros, Tier-II cities, Coimbatore, Kochi, Ahmedabad and Jaipur are seeing first-wave GCC establishment as cost advantages, improving talent pipelines and infrastructure upgrades lower the barrier to entry.

The report attributes this durability to a combination of structural advantages: a vast graduate talent pipeline spanning entry-level to C-suite; operational costs materially below Western benchmarks even as capability has risen; world-class digital infrastructure, with 99.3% urban mobile coverage supporting hybrid global operations; supportive policy under Make in India and Digital India; a time-zone position enabling 24×7 coverage across APAC, EMEA and the Americas; and thriving innovation ecosystems in every major city.

The trajectory ahead is aggressive. PropTech Pulse projects that GCCs will surpass 350 million square feet of Grade A stock within the next three to four years, driven by new entrants and the expansion of existing players, with more than 2,500 GCCs targeted by 2030. Over 200 new GCCs entered India in the last two years alone.

The implication for developers, investors, and occupiers is direct. GCC demand is now the single most important variable in India’s office market, and it is compounding, not fading. As the report puts it, India’s office market is entering 2026 with demand-supply fundamentals firmly in favour of occupier-driven growth. The acute shortage of premium Grade A supply in corridors like Bengaluru and Chennai is expected to drive rental appreciation and renewed interest in asset-enhancement projects, making even upgraded Grade B stock strategically valuable.

The verdict from the data is hard to argue with. India isn’t chasing APAC’s office leadership. It has quietly assumed it.

Full findings are available in the India Real Estate Report 2026: https://www.aurumproptech.in/pulse/reports/india-real-estate-report-2026-residential-commercial-and-more

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Ahmedabad (Gujarat) [India], July 06: Space N Living, a technology-driven interior solutions company, has launched its operations in Ahmedabad, offering end-to-end design and execution services for residential, commercial, corporate and hospitality projects.

The company aims to simplify the interior design process by providing a single platform for design, material selection, manufacturing and project execution. Backed by an in-house manufacturing facility, Space N Living seeks to ensure quality control, timely delivery and greater accountability throughout the project lifecycle.

A key feature of the offering is the company’s newly launched Experience Centre in Ahmedabad, where customers can explore design concepts and visualise spaces before execution. The facility also houses a Material Lab showcasing a wide range of finishes, laminates, veneers, fabrics, hardware and other interior materials, enabling clients to make informed design choices under one roof.

Founded by Abhishek Sharma and Omprakash Suthar, Space N Living has been established with a vision to bring greater transparency, technology integration and customer convenience to the interior design industry.

Speaking on the occasion, Abhishek Sharma said, “We believe every space deserves thoughtful design, quality execution and complete transparency. Through technology, manufacturing capabilities and a customer-first approach, we aim to redefine the interior experience and set new benchmarks for the industry.”

Omprakash Suthar said, “Our services cover the entire project journey, from conceptual design and planning to manufacturing, installation and final handover. The integrated model is designed to minimise coordination challenges and provide customers with a streamlined experience.”

Space N Living will leverage technology-driven design tools and modern manufacturing processes to deliver customised interior solutions tailored to the requirements of homeowners, businesses and institutions.

With its launch in Ahmedabad, the company aims to strengthen its presence in Gujarat’s growing design and construction market while positioning itself as a one-stop destination for interior design and execution services. Its long-term goal is to become India’s most trusted destination for transforming dream spaces into reality.

About Space N Living:

Space N Living is an Ahmedabad-based interior solutions company offering end-to-end services including design, material selection, manufacturing and execution for residential, commercial, corporate and hospitality projects. The company operates an Experience Centre and Material Lab in Ahmedabad and provides integrated interior solutions focused on quality, transparency and reliability.

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Mumbai (Maharashtra) [India], July 6:  Unihealth Hospitals Limited (NSE: UNIHEALTH | INE0PRF01011), an integrated healthcare delivery platform operating across India and East Africa, today announced that its Board of Directors has approved the acquisition of an additional 49.81% equity stake in Victoria Hospital Limited (“VHL”), Uganda, through a strategic share swap transaction. 

Upon completion of the transaction and receipt of requisite shareholder and regulatory approvals, UniHealth’s shareholding in Victoria Hospital Limited will increase from 50.00% to 99.81%, making Victoria Hospital an almost wholly owned subsidiary of the Company. 

The proposed acquisition marks a significant strategic milestone in UniHealth’s international growth strategy by consolidating ownership of one of the Group’s fastest growing and most profitable overseas healthcare assets. The transaction will enable substantially all future economic benefits generated by Victoria Hospital—including its earnings, cash flows and long-term value creation—to accrue directly to the shareholders of Unihealth Hospitals Limited. 

The acquisition will be implemented through the issuance of 12,50,000 fully paid-up equity shares of Unihealth Hospitals Limited on a preferential basis to the existing shareholders of Victoria Hospital Limited, Mr. Bhasker Kotecha and Dr. Chirag Kotecha, in exchange for their aggregate holding of 2,55,544 equity shares representing 49.81% of Victoria Hospital Limited. 

The share exchange ratio has been determined based on independent valuation reports obtained in accordance with the Companies Act, 2013, the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, FEMA regulations and other applicable laws. 

The acquisition consideration will be discharged entirely through issuance of equity shares, thereby preserving the Company’s cash resources while maintaining financial flexibility to pursue future expansion initiatives and growth opportunities. 

Strategic Rationale 

The acquisition significantly strengthens UniHealth’s international healthcare platform by substantially increasing ownership in one of its highest-performing overseas businesses. 

Victoria Hospital has consistently delivered exceptional operational and financial performance over the last three financial years, demonstrating strong execution capabilities, scalable operating leverage and sustained earnings growth.

• For FY24, the Company reported Revenue of ₹60.48 Cr, EBITDA of ₹20.27 Cr, and PAT of ₹6.37 Cr.
• For FY25, the Company reported Revenue of ₹86.97 Cr, EBITDA of ₹35.81 Cr, and PAT of ₹25.81 Cr.
• For FY26, the Company reported Revenue of ₹115.27 Cr, EBITDA of ₹51.01 Cr, and PAT of ₹43.53 Cr.

The above performance reflects a remarkable growth trajectory, with revenue increasing by over 90% and profit after tax expanding by nearly seven times over the last three financial years. The business has demonstrated strong operating leverage, increasing margins and consistent improvement in profitability while establishing itself as one of Uganda’s leading tertiary healthcare institutions. 

Beyond its impressive earnings profile, Victoria Hospital possesses two highly valuable structural advantages that significantly enhance its long-term investment attractiveness. 

The hospital currently enjoys a 10-year corporate income tax holiday effective until 30 June 2034, enabling it to retain substantially all of its operating profits during the tax holiday period. This is expected to result in significantly higher free cash flows, improved return on invested capital, accelerated reinvestment into expansion projects and enhanced long-term shareholder returns. 

Further, Victoria Hospital is a debt-free company, with no outstanding borrowings. The absence of financial leverage eliminates interest costs, enhances earnings quality, reduces financial risk and provides substantial borrowing capacity to support future expansion initiatives, should the Company choose to optimise its capital structure in the future. 

Increasing ownership to 99.81% aligns virtually the entire economic interest of Victoria Hospital with UniHealth shareholders while simplifying the Group’s ownership structure. 

The transaction is expected to generate multiple strategic benefits including consolidation of substantially all future earnings generated by Victoria Hospital, enhanced free cash flow generation through ownership of tax-efficient earnings, greater capital allocation flexibility across the Group, improved operational integration across India and East Africa, simplified governance and decision making, greater flexibility to undertake expansion and specialty healthcare investments and a stronger platform for regional growth across East Africa. 

The acquisition further reinforces UniHealth’s differentiated positioning as an unique listed Indian healthcare company operating an integrated cross-border healthcare platform spanning India and East Africa.

Strengthening UniHealth’s East African Platform 

East Africa continues to represent one of the world’s most attractive long-term healthcare markets, supported by favourable demographics, increasing healthcare expenditure, rising demand for specialised tertiary care and continued under-penetration of organised private healthcare infrastructure. 

Within this market, UMC Victoria Hospital has established itself as one of Uganda’s leading multispecialty tertiary healthcare institutions with a growing reputation for clinical excellence across advanced medical and surgical specialties. 

The hospital serves patients from Uganda as well as neighbouring countries including South Sudan, the Democratic Republic of Congo and Kenya, strengthening UniHealth’s regional healthcare franchise. 

The hospital’s financial growth—from revenues of ₹60.48 crore in FY 2023-24 to ₹115.27 crore in FY 2025-26, alongside EBITDA growth from ₹20.27 crore to ₹51.01 crore—demonstrates both the scalability of its business model and the significant long-term opportunities available within the East African healthcare market. Combined with its corporate tax holiday until June 2034 and debt-free balance sheet, Victoria Hospital represents an exceptional platform for long-term capital deployment and sustainable value creation. 

Near-complete ownership will enable UniHealth to accelerate investments in expansion of bed capacity, advanced medical technology, cardiology, neurosciences and oncology, diagnostic and surgical infrastructure, digital healthcare capabilities, clinical talent acquisition and regional referral network expansion across East Africa. 

The transaction therefore positions UniHealth to capitalise on the long-term structural growth opportunities emerging across the East African healthcare sector.

Top of Form Dr. Akshay Parmar, Managing Director, Unihealth Hospitals Limited, said, “This transaction represents an important strategic milestone in UniHealth’s evolution as an international healthcare platform. By increasing our ownership in Victoria Hospital to 99.81%, we are consolidating one of our strongest growth assets and ensuring that substantially all future value creation accrues directly to UniHealth shareholders.  Victoria Hospital has delivered outstanding financial performance over the past three years, growing revenues from ₹60.48 crore to ₹115.27 crore while increasing Profit After Tax to ₹43.53 crore. Equally important, the hospital enjoys a corporate tax holiday extending until June 2034 and maintains a debt free balance sheet. These attributes significantly enhance free cash flow generation, provide exceptional financial flexibility and create an ideal platform for accelerated expansion across East Africa.  The transaction is expected to be materially earnings accretive, enhances the quality of our consolidated financial performance and provides greater strategic flexibility to pursue future investments across the region. Importantly, the acquisition has been structured through a share swap, enabling us to preserve capital while maintaining a strong balance sheet. We believe this transaction meaningfully strengthens UniHealth’s long-term growth platform and reinforces our disciplined approach towards capital allocation and shareholder value creation.”Bottom of Form

Top of Form Dr. Anurag Shah, Founder and Director, Unihealth Hospitals Limited, added,“ UMC Victoria Hospital has developed into one of Uganda’s leading tertiary healthcare institutions through its unwavering commitment to clinical excellence, patient outcomes and ethical healthcare delivery. Its remarkable financial and operational progress over the past three years reflects the dedication of our medical professionals, management team and caregivers.  Becoming an almost wholly owned subsidiary marks the beginning of its next phase of growth. With complete strategic alignment under the UniHealth platform, we will accelerate investments in infrastructure, specialised clinical programmes, advanced technology and medical talent while continuing to strengthen governance standards and operational excellence. The Company’s tax-efficient structure and debt-free balance sheet provide a strong foundation to pursue this expansion in a financially disciplined manner. We remain committed to expanding access to world-class healthcare across Uganda and the wider East African region.”Bottom of Form

Creating Long-Term Shareholder Value 

The proposed acquisition is consistent with UniHealth’s long-term strategy of building a scalable, integrated healthcare platform across high-growth emerging markets through disciplined capital allocation, operational excellence and strategic acquisitions.

Victoria Hospital combines several highly attractive characteristics that are rarely found together in a healthcare asset: 

• A proven record of sustained revenue and earnings growth; 
• Industry-leading profitability and operating margins; 
• A 10-year corporate tax holiday effective until 30 June 2034; 
• A debt-free balance sheet; 
• Significant opportunities for future capacity expansion. 

By increasing ownership to 99.81%, UniHealth expects to capture substantially all of these long-term economic benefits, improve earnings quality, simplify its corporate structure, optimise capital allocation and create a stronger platform for sustained long-term shareholder value creation. 

Transaction Timeline and Approvals 

The proposed preferential allotment of equity shares and acquisition are subject to approval of the shareholders of Unihealth Hospitals Limited, receipt of applicable statutory and regulatory approvals, including approvals under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, FEMA and other applicable laws, completion of customary closing conditions and such other approvals as may be required. 

The Company will make all necessary disclosures in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable regulatory requirements.

Unihealth Hospitals Limited

Founded in Mumbai in 2010, Unihealth Hospitals Limited is an integrated healthcare platform focused on delivering affordable, accessible, and high-quality healthcare services across India and East Africa. The Company operates across multiple healthcare verticals, including hospital operations, healthcare consultancy, pharmaceutical and consumables exports, and medical value travel.

Through the Unihealth–UMC Hospitals network, the Company combines Indian clinical expertise, global healthcare standards, and localized partnerships to create a scalable healthcare ecosystem serving diverse patient populations across emerging markets.

Driven by its mission of “Healthcare for All,” Unihealth continues to expand its healthcare footprint while creating long-term value for patients, communities, healthcare professionals, and shareholders.

The Company was listed on NSE Emerge in September 2023.

For FY26, the Company reported consolidated Total Income of ₹137.01 Cr, EBITDA of ₹58.82 Cr, and Net Profit attributable to the equity shareholders of the Company of ₹25.83 Cr.

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