Nykaa Pink Friday Sale Delivers 75% Growth, Recording Over 400 Orders Every Minute On Day 1

* Pink Friday kicked off with a bang, drawing a 12x jump in revenue on day 1 of the sale

* Luxury brands saw a 20X jump in sales compared to regular days

* Makeup, Skincare and Haircare were the top three categories on Day 1

Nykaa’s flagship and inarguably the biggest beauty sale in the country, Pink Friday, is currently live until 28th November on the website, app and Nykaa stores. The omnichannel consumer-tech company, and India’s most preferred beauty and lifestyle retailer today announced that on Day 1, they recorded 8 lakh orders, that is over 400 orders every single minute, a growth of 40% from last year’s Pink Friday.

Bringing a vast and diverse assortment of Indian and international beauty brands to the sale, this year’s Day 1 of Pink Friday saw more than 10 million visits, a growth of 37% from last year’s Pink Friday.

A slew of unmissable brand offers led to Nykaa clocking a growth of 34% in unique visitors from 4.3 million on last year’s Day 1 to 5.8 million this year. Among categories that did well compared to regular days, purchases of make-up, skincare and haircare rose dramatically by 14X, 12X and 9X respectively.

57% of the purchases were made by shoppers from Tier 2 and Tier 3 cities collectively, reaffirming our confidence in the growing appetite for beauty in that market. Besides metros, the highest orders came from Lucknow, Chandigarh, Ghaziabad, Jaipur, Guwahati and Jammu.

A Nykaa spokesperson said, “The phenomenal consumer response to our Pink Friday sale on Day 1, right after a successful festive season, reiterates our leadership in beauty. Along with unique deals, our unparalleled curations and interactive experiences such as Watch and Buy have driven extremely high engagement. Amplified by the enthusiastic shopping for the ongoing wedding season, the sale saw luxury brands and make-up scooped off our endless aisles at a significantly higher rate than non-sale days. Overall, we are observing that our offers are being received well by consumers and we are looking forward to offering them the best deals throughout Pink Friday.”

For those who are yet to shop during Pink Friday, the sale is live until 28th November. With jaw dropping discounts, budget buys and deals on global labels, we are ensuring that all beauty needs of our consumers are met! With deals across categories offering up to a whopping 50% off on top brands, Nykaa also has exciting price drops and flash sales every day.

Toyota Kirloskar Motor Launches All New Self-Charging Strong Hybrid Electric Vehicle - Innova HyCross

-          Uniquely designed vehicle, that combines the proportions & poise of an SUV with the spaciousness of an MPV

-          Latest 5th Generation Self-Charging Strong Hybrid Electric System built on Toyota New Global Architecture(TNGA) platform providing best in class fuel efficiency of 21.1 km/l * quick acceleration, easy maneuverability, and high ride quality as part of Toyota’s multi-pathway offering towards its diverse customers in India

-          Safety package includes the TOYOTA SAFETY SENSETM (TSS )**, which is  first for any Toyota model being sold in India

-          New Exterior colors with Blackish Ageha Glass Flake

-          New Interior colors with Chestnut & Black Dual tone, Dark Chestnut

First in segment features include Paddle shift, Powered Ottoman 2nd row seats,  

     Front Ventilated seats, Air conditioner (Dual zone – front and rear zone), Rear 

     Retractable Sunshade, Electrochromic Inner Rear View Mirror (EC IRVM), Power

     Back Door and Dual Function Daytime Running Light (DRL)

-          Wheelbase of 285 cm (longest in the segment)

Key features of Innova HyCross

Performance features

A Self-Charging Strong Hybrid Electric vehicle that comes with a TNGA 2.0-Litre Engine with  Toyota Hybrid System (THS) & e-drive transmission, delivering combined max power output of 137 kW (186 PS)

The Gasoline grades comes with a TNGA 2.0 Litre engine delivering an output of 128 kW (174 PS)

2.   Exterior features

Panoramic Sunroof

Front grille with Gun Metal Finish

Automatic LED Headlamps with Auto High beam

First in segment Dual Function Daytime Running Light (DRL)

3.      Interior features / Comfort and convenience

-       First in segment  features include Paddle Shift, Powered Ottoman 2nd Row Seats,  

       Front Ventilated seats, Air conditioner (Dual Zone – Front and Rear zone), Rear

       Retractable Sunshade, Electrochromic Inner Rear View Mirror (EC IRVM) and Power   

       Back Door

      Other key features

Large TFT Multi Information display

-       Driver Seat Memory and Slide Return and Away Function

-       Indirect Blue Ambient illumination

Infotainment system

-       Connected 25.65 cms (10.1”) connected display audio with premium, JBL 9 speaker

        (Including subwoofer)

-      Toyota Connected car technology - iConnect

Safety features

-      TOYOTA SAFETY SENSETM (TSS)**  that includes safety features like (Dynamic Radar

        Cruise Control, Lane Trace Assist, Rear Cross Traffic Alert, Blind Spot Monitor, ^Pre-

        Collision System, Auto High Beam)

-      6 SRS Airbags

-      Rear Disc Brakes

-      Vehicle Stability Control(VSC) and Hill Start Assist

-      Electronic Parking Brake (EPB) with Auto Hold

-      Antilock Braking System (ABS) with Electronic Brakeforce Distribution (EBD)

-      Panoramic View Monitor with Dynamic Back Guide

Toyota Kirloskar Motor (TKM) today ushered a new era in Innova’s journey by unveiling the Innova HyCross, a Self-Charging Strong Hybrid Electric Vehicle (SHEV). Based on Toyota New Global Architecture(TNGA), the latest Innova celebrates Toyota’s globally recognized Quality , Durability and Reliability backed by advanced technology, to appeal to the Indian customers.

The new Innova HyCross is powered by  5th Generation Self-Charging Strong Hybrid Electric System with TNGA 2.0 Litre 4-cylinder gasoline engine and a monocoque frame with an e-drive sequential shift delivering a max power output of 137 kW (186 PS), providing rapid acceleration and best in segment fuel economy. The vehicle also comes with the option of a TNGA 2.0 Litre 4-cylinder gasoline engine mated to a direct shift CVT in select grades delivering an output of 128 kW (174 PS).

Designed for family needs, the feature laden new Innova HyCross is a vehicle for every occasion delivering glamor, toughness, comfort, safety, and advanced technology. Drawing inspiration from Toyota’s rich global SUV heritage, the new Innova HyCross features a muscular and tough design with ample space that provides flexible and comfortable seating for all. This versatile vehicle is aimed at families wanting a vehicle that can handle rough roads and provide a seamless, fatigue-free drive.

Present at the launch in Mumbai, Mr. Hideki Mizuma, Chief Engineer, Innova, Toyota  said, “Innova has become an iconic vehicle in India’s mobility journey and is a household name. Today we are happy to launch the all new Innova HyCross for our Indian customers. The Self-charging Strong Hybrid Electric vehicle, with the spaciousness of an MPV and proportions and poise of an SUV, is loaded with features to meet the aspirations of Indian customers. This feature packed vehicle is intended for those who seek safety and comfort while travelling and would love to be a part of the new Innova HyCross family. The latest 5th Generation Self-Charging Strong Hybrid Electric System, built on the Toyota New Global Architecture (TNGA) 2.0 Litre Gasoline Engine, provides exceptional fuel efficiency, performance, and quick acceleration, is sure to be a game-changer in this segment.”

Speaking on the occasion Mr. Vikram Kirloskar, Vice Chairman, Toyota Kirloskar Motor, said, “It has been an amazing year as we celebrate 25 glorious years of Toyota in India. At TKM, sustainability continues to be at the core of our business and with an unprecedented increase in carbon emissions  globally, we firmly believe that its HY time to shift gears for a greener future. In this direction we have adopted clean and green solutions across all our operations and value chain, so that the green products that we offer to our customers are also manufactured in green factories. Additionally, we are relentlessly working towards  creating a local manufacturing eco-system for green technologies not only for India but also for the world. With the launch of the new Innova HyCross, we are redefining the paradigm and redrawing boundaries of technological and product excellence, while taking customer experience to a new HY like never before.”

Also present at the event, an elated Mr Masakazu Yoshimura, Managing Director & Chief Executive Officer, Toyota Kirloskar Motor said “Ever since our inception , TKM has focussed on complete peace of mind for our customers. One of our biggest success stories here has been the iconic Innova, that keeps finding continued appreciation and love, across the country. Being the undisputed leader of the MPV segment the Innova has found its home in more than a million households in India reflecting our core DNA of Quality, Durability & Reliability, made possible through highly skilled global competitive manpower. Our customers’ trust in the brand has motivated us to make ever better ‘fun to drive‘ cars and bring in latest global technologies to India thereby bringing ‘mass happiness to all’. We are confident that the new Innova HyCross will carry forward the brand legacy and take customer delight to a new HY.”

Being a Self-Charging Strong Hybrid Electric Vehicle (SHEV), the Innova Hycross is capable of running 40% of the distance and 60% of the time in electric(EV) or zero emission mode.***

The new Innova HyCross features a tough, muscular exterior design and is sure to catch your eye. The raised bonnet line, a large Hexagonal Gunmetal finish grille, Automatic LED Headlamps, super chrome alloy wheels, and a wider bumper further enhance its sophisticated and rugged look. Also complementing the muscular look are the bigger tires with shorter overhangs, along with a more curved rear to augment the SUV stance of the new Innova HyCross.

The interior design expresses seamless luxury and comfort. Keeping in mind the unique needs of Indian customers, the new Innova HyCross prioritizes interior comfort features. The styling ushers improved cabin aesthetics, with dark chestnut quilted leather seats along with soft-touch leather and metallic decorations lining the cabin. The cockpit is modeled in horizontal tones to give a sense of space, while vertical tones are used for the central cluster and door decor to mirror the powerful exterior.

The new Innova HyCross provides unmatched comfort and convenience through a raised eye point and the newly introduced Ventilated Front Seats that take care of the hot Indian summers. For the second row, the 25.65cm (10.1?) Connected Display Audio with JBL premium 9 speaker system(including subwoofer), segment-first powered Ottoman 2nd Row Seats and Multi-zone A/C, combine to offer unmatchable luxurious experience. The unique Flat Floor Design, wheelbase of 285cm (longest in the segment) and Platform Width Enhancement further ensure a spaciousness for extended family and friends to travel together. Indian customers believe in no compromises; therefore, the Power Back Door and Tilt-down Seats ensure maximum space utilization and enhanced luggage space.

Safety is a high priority for Toyota, and this vehicle has a host of safety features. The new Innova Hycross brings the  TOYOTA SAFETY SENSETM (TSS)**  which is introduced first time in India for Toyota vehicles to further enhance safety and provide peace of mind to all customers. The safety package features Dynamic Radar Cruise Control (DRCC), Lane Trace Assist (LTA), Auto High Beam (AHB),  Blind Spot Monitor (BSM) systems, ^Pre-Collision System and Rear Cross Traffic Alert systems. Other features include six SRS airbags, Electronic Parking Brakes, Rear Disc Brakes, Vehicle Stability Control, Hill-start Assist, a Panoramic View Monitor with a Dynamic Back Guide, and Front & Rear Parking Sensors.

The new Innova HyCross is available in Super White, Platinum White Pearl, Silver Metallic, Attitude Black Mica, Sparkling Black Pearl Crystal Shine, Avant Grade Bronze Metallic and an exciting new color Blackish Ageha Glass Flake. Interiors in Black and with two new colors Chestnut & Black and Dark Chestnut, reflecting advanced and premium impression.

The new Innova HyCross offers the renowned Toyota experience through a warranty of 3 years/100,000 kilometers and an option of extended warranty of up to 5 years/220,000 kilometers, 3 years free roadside assistance, attractive financial schemes and 8 yrs/160,000 kilometers warranty on the Hybrid battery.

Bookings are to begin today for Rs 50,000. Customers can make their bookings online at www.toyotabharat.com/online-booking/ or by visiting their nearest Toyota dealership. For more details, customers can simply log on to www.toyotabharat.com.

*Under the process of certification under Rule 115(18) of CMVR 1989.

** The driver is always responsible for paying attention to the vehicle surroundings & driving safely as there are limitations to degree of recognition and controlling performance that this system can provide

*** Under specific test conditions for Strong Hybrid Electric Vehicle

^ This function is activated only for vehicles and is also activated when the vehicle's speed is within the range of approximately 5 to 180 km/h.  The system assists in  mitigating damage. However, the braking ability  varies  on road and driving conditions.

CM Naveen Patnaik Inaugurates Happiest Minds Development Centre At Bhubaneswar

Happiest Minds Technologies Limited (NSE: HAPPSTMNDS), a ‘Born Digital. Born Agile’, Mindful IT Company, announced the inauguration of a new Development Centre at Fortune Towers (5th Floor) in Bhubaneswar, taking forward its long-term investment plans for further expansion in the state in alignment with the Make in Odisha focus of the state government.

Under the ease of business initiative, the Odisha state government’s State Level Single Window Clearance Authority (SLSWCA) granted approval to Happiest Minds to set up a software development centre at Fortune Towers located in Bhubaneswar. Happiest Minds has earmarked Rs. 265 crore investment towards this initiative.

Shri Naveen Patnaik, Honourable Chief Minister of Odisha, said, “Odisha has been taking giant strides in IT sector in recent years. The growth momentum is accelerating in IT space with growing confidence of IT companies on Odisha as an investment destination. Odisha is now fast emerging as a technology resource hub of India creating jobs for our youth.”

Ashok Soota, Executive Chairman, Happiest Minds Technologies said, “We are delighted to start the operation of our new development centre at Bhubaneswar. At Happiest Minds, we have always embraced our responsibility to create a mindful impact on our communities, and we are grateful to the Hon’ble Chief Minister Shri Naveen Patnaik and the state government officials for their support in establishing this centre. We praise the new IT policy of the state and are optimistic that it will become one of the most preferred destinations for skilled talent, promoting greater employment opportunities for the youth.”

Venkatraman Narayanan, MD & CFO, Happiest Minds Technologies said, “The rise of Bhubaneswar as a destination of choice for businesses is on an ever-rising curve. This is the basis of the industry-supporting initiatives of the state government, duly complemented by the burgeoning talent pool available in the city and nearby regions. Aligned with the ethos of Happiest Minds, the new development centre (Smiles 7) will help us meet evolving customer needs, accelerating our growth and the overall development of the state.”

Founded in 2011, Happiest Minds has consistently gained recognition as among the best places to work in India and Asia. The company has won the Golden Peacock Award for Excellence in Corporate Governance 2022. The company recently acquired additional space to expand its presence in Bengaluru and extended its development facilities in Noida.

About Happiest Minds Technologies:

Happiest Minds’ Technologies Limited (NSE: HAPPSTMNDS), a Mindful IT Company, enables digital transformation for enterprises and technology providers by delivering seamless customer experiences, business efficiency and actionable insights. We do this by leveraging a spectrum of disruptive technologies such as artificial intelligence, blockchain, cloud, digital process automation, internet of things, robotics/drones, security, virtual/augmented reality, and more. Positioned as ‘Born Digital. Born Agile’, our capabilities span digital solutions, infrastructure, product engineering and security. We deliver these services across industry sectors such as automotive, BFSI, consumer packaged goods, e-commerce, edutech, engineering R&D, hi-tech, manufacturing, retail, and travel/transportation/hospitality.

A Great Place to Work-Certified™ company, Happiest Minds is headquartered in Bangalore, India, with operations in the U.S., UK, Canada, Australia, and the Middle East.

L&T Wins International Acclaim At The 2022 Infrastructure & Going Digital Awards

Larsen & Toubro’s Water & Effluent Treatment (WET) Business has won global acclaim at the 2022 Infrastructure & Going Digital Awards, London, for its water and wastewater project in Karnataka. The prestigious annual award recognizes infrastructure projects that leverage out-of-the-box digital tech.

L&T’s project for the Nadaprabhu Kempegowda Layout Township in Bengaluru made it to the finals in the ‘water and wastewater’ category at the awards that was adjudged by an 11-member independent jury panel and was conducted by the Nasdaq-listed Bentley Systems, a global infrastructure engineering software company. The project will deliver potable water, collect sewerage, and lay a recycled water network through a piped system in the NPKL Township area in Bengaluru.

The project team has improved engineering productivity by as much as 25% with the help of digital technology and has saved 50% engineering manhours with standardized digital models. For sewer and water networks alone, using technology solutions saved the project 80% of engineering manhours and helped the team complete the engineering works in a record six months.

“L&T’s journey of digital transformation began about 3-4 years ago, and we have been adopting various digital solutions to improve productivity, reduce wastage, cut costs, reduce time of execution and enhance our overall operational efficiency,” said Mr. K Asok Kumar, Executive Vice President & Head, Water & Effluent Treatment on winning the award. “This award is due recognition of our leadership in India in the space of building defining water infrastructure and our constant thrust on digitalization.”

The WET project made it to the top three and was judged by the jury panel that selected the winning projects from across 12 award categories. The awards received 300 nominations from 180 organizations in 47 countries.

L&T’s WET business is a leader in the realm of constructing the entire gamut of vital water infrastructure covering urban & rural water supply, water treatment plants, industrial water supply and treatment plants for recycling and re-use, wastewater treatment and network, sludge management, lift irrigation projects, desalination plants, utility infrastructure for developing greenfield and brownfield areas, and uninterrupted optimized water supply with leak detection.

Background:

Larsen & Toubro is an Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services. It operates in over 50 countries worldwide. A strong, customer–focused approach and the constant quest for top-class quality has enabled L&T to attain and sustain leadership in its major lines of business for eight decades.

Castrol And ki Mobility Solutions Collaborate To Strengthen Indian Automotive Aftermarket Ecosystem

* Castrol India announces an investment of up to ?487.5 Crores in ki Mobility Solutions to create a co-branded service and maintenance network 

* Collaboration aims to create a strong B2C aftermarket network in India and enhance readiness for transition to electric mobility

* The alliance will offer potential for ki Mobility Solutions to globalize in select markets beyond India via its ‘myTVS’ digital platform

Castrol India Limited (CIL), one of India’s most valued lubricant players and ki Mobility Solutions Pvt. Ltd. (KMS), a leading Indian player in the independent automobile aftermarket business, have announced a collaboration to leverage each other’s strengths and expand the country’s automotive aftermarket ecosystem via ‘myTVS’, KMS’s digitally integrated multi-brand service platform for two and four wheelers.

CIL will acquire a 7.09% stake in KMS with a planned investment of upto ? 487.5 Crores, marking CIL’s largest all-cash deal till date. With this strategic investment, CIL aims to expand its presence in service and maintenance for both internal combustion engine (ICE) and electric vehicles (EV) and leverage myTVS’ digital and operational capabilities. This alliance will also offer potential for Castrol and KMS to collaborate and partner in select markets beyond India.

Vehicle owners will benefit from this strategic alliance through easy access to differentiated, digitally enabled service and maintenance offered by the myTVS platform whose reach includes 3 million customers across 1,000 garages in India. myTVS’ online-to-offline digital platform already offers quality, standardized and cost-effective services and parts to B2B and B2C customers through its owned outlets, franchise network, at home services and road-side assistance.

CIL’s existing presence in service and maintenance includes its rapidly expanding network of 220 Castrol Auto Service passenger car workshops in 110 cities across India and 42 Castrol Express Oil Change outlets that offer two-wheeler consumers swift and reliable oil change.

Sharing details about the collaboration, Sandeep Sangwan, Managing Director, Castrol India Limited, said, “KMS has a leading automotive digital platform, myTVS which is disrupting the Indian aftermarket. Castrol’s established brand equity and nation-wide footprint in India, combined with myTVS’ digital strength will bring structure to the currently fragmented automotive service sector and also accelerate business growth for KMS. In addition, Castrol will explore business and technology collaborations with KMS to enable readiness for transition to electric mobility. Indian consumers will reap the dual benefits of trusted brands and reliable services.”

Cheering the joint announcement, G. Srinivasa Raghavan, Managing Director, ki Mobility Solutions, said, “This investment by Castrol India Limited is testimony to the success of our unique online-to-offline business model. Our partnership with Castrol will significantly enhance the ownership experience for customers across the lifecycle of their vehicles. Besides, the coming together of two leading players will offer numerous synergy options like scaling-up of business offerings to electric vehicles, and the potential to expand our footprint beyond India.”

Dalmia Bharat Wins Award In Large Category At The “FICCI Indian Circular Economy Awards 2022”

~ Targets 100% low carbon cement in next 5 years~ 

Leading cement company, Dalmia Bharat Ltd. was announced as winner in the “Large enterprise” category at the 3rd Edition Indian Circular Economy Awards 2022 at the Inaugural session of the FICCI Circular Economy Symposium 2022.  Dr. Arvind Bodhankar, Executive Director, Dalmia Bharat Ltd. received the award on behalf of the cement major conferred by Dr. Michael Bucki, Counsellor and Head of Section Sustainable Modernization, Delegation of European Union.  The jury panel comprised of Dr. Mukund Rajan, Chairman, Ecube investments and former Chief Ethics Officer, Tata Sons; Ms.  Mridula Ramesh, ED Sundram Textiles Limited and Founder Sundram Climate Institute and Mr. Casper Mayland, Environmental Counsellor, The Royal Danish Embassy. 

Commenting on the way forward for circular economy especially for India, Dr. Arvind Bodhankar, Executive Director & Chief Risk Officer, Dalmia Bharat Ltd. comments “We must focus on the need for an ecosystem and legislative support for the development of circular economy in India. It is estimated that this will be an opportunity valued close to $0.5 Tn by 2030. As we delve further, it is also becoming clear that CE initiatives cannot be broad brushed. The exciting challenge will be to look at sector-specific technology roadmaps for the transition to decarbonization. Another important aspect will be the financing scope of climate transition and climate compensation” 

Dalmia Bharat targets to achieve 100% production of low carbon cement in next five years. It continues to lead and drive the industry’s shift towards a circular economy by investing in low-carbon technologies that enhance resources and energy efficiency within the overall manufacturing process. It has further worked to become a Total Waste and Plastic Waste Recycling Company. In FY22 it has switched to 0.4MT of alternate fuels, produced 9MT of alternate raw materials, utilized 9.4 MT of alternative green fuels and raw materials and recorded a 13% thermal substitution rate.  

Dalmia is also a founding member of FMC and UN Leadership Group for Heavy industry transition (LEADIT) and COP-26/27 Business Leader. 

About Dalmia Bharat: 

Founded in 1939, Dalmia Bharat Limited (DBL) (BSE/NSE Symbol: DALBHARAT) is one of India’s pioneering cement companies headquartered in New Delhi. With a growing capacity, currently pegged at 37.0 MnT, Dalmia Bharat Limited is the fourth-largest cement manufacturing company in India by installed capacity. Spread across 10 states and 14 manufacturing units, the Company is a category leader in super-specialty cement used for oil well, railway sleepers and airstrips and is the country’s largest producer of Portland Slag Cement (PSC). Dalmia Cement (Bharat) Limited, a subsidiary of Dalmia Bharat Limited, prides itself at having one of the lowest carbon footprint in the cement world globally. It is the first cement company to commit to RE100, EP100 & EV100 (first triple joiner) – showing real business leadership in the clean energy transition by taking a joined-up approach. Visit us at https://www.dalmiacement.com/. 

Home Credit India Strengthens Leadership With “Appointment Of Bhrigu Sehgal- As Chief Sales Officer”

- Bhrigu Sehgal will be responsible for accelerating the retail touchpoint business, build-up new categories and partnerships to create synergies across retail & distributor partner ecosystem 

As Phygital business model becomes more relevant today, Home Credit India, a local arm of the international consumer finance provider, in its efforts to further strengthen the evolving retail business ecosystem, has appointed a young & dynamic leader, Mr. Bhrigu Sehgal as the Chief Sales Officer. 

Bhrigu comes with a vibrant experience of over 16 years, having worked in the banking & financial services sector with brands such as Kotak Mahindra Bank and Yes Bank. His experience also includes stints with new-age Internet companies – Magicbricks.com & Quikr.com. 

Extending a warm welcome to Bhrigu, Mr. Ondrej Kubik, Chief Executive Officer, Home Credit India, said: “I am delighted to welcome a young & dynamic leader like Bhrigu at Home Credit India. As we focus on strengthening our phygital model of business in the evolving offline-to-online economy to have an omnichannel connection with customers and their needs, Bhrigu’s rich experience in financial services and with consumer internet companies will play a pivotal role, making him the right choice. I am confident that Bhrigu will unlock the next phase of our journey as one of the leading consumer finance companies and set up a solid foundation for future growth.” 

At Home Credit, he will be responsible for accelerating the Point of Sale (PoS) or retail touchpoint business, build-up new categories and brand partnerships to create synergies across retail ecosystem. He holds a PGDBM from IILM, Delhi and graduation from Delhi University. 

Speaking about his appointment in Home Credit India, Bhrigu said: “I am excited to begin a new journey with Home Credit India, at a point of time when they have completed a decade in India market. There are exciting times ahead for the consumer finance industry and Home Credit’s expansive growth in India is well-known. As Home Credit looks ahead to achieving bigger milestones in its next decadal journey, I am honoured to join and look forward to contributing to its renewed growth and success in fulfilling aspirations.” 

With a focus on enabling credit penetration and financial Inclusion in India, since 2012, Home Credit India has fulfilled aspirations of 15Mn borrowers through 50K+ PoSes across country. Home Credit’s strong digital transformation journey has helped customers & retailers embrace the online journey. Home Credit has been working on partner network expansion to meet customer needs by focusing on brand partnerships and tech-partnerships such as partnerships with Pine Labs and Flexmoney, an ecommerce aggregator. 

About Home Credit India: 

Home Credit India Finance Pvt. Ltd. is a local arm of the international consumer finance provider with operations spanning Europe and Asia and committed to drive financial inclusion in India. The company is committed to drive credit penetration and financial inclusion by offering wide financial solutions that are simple, transparent, and accessible to all. Home Credit India has an employee base of approx 5000 and has been consistently expanding operations since its entry in 2012, with its operations spread over 625 cities across India. The company has a strong network of around 53,000 points-of-sale (PoS) and is growing with a customer base of 15 million customers, driven by Pan-India expansion across major markets, a range of diversified and innovative products backed by superior customer experience.