Tata Elxsi: Improved Performance Lay Foundation For Better H2…

Rating: REDUCE | CMP: Rs5,580 | TP: Rs5,010

Q2FY26 Result Update

Quick Pointers:

*     Media & comm segment compensates for client specific issues in Transportation

*     Margins improves largely due to currency tailwinds

The revenue growth exceeded our estimates with 1% QoQ CC growth & margin improvement of 30bps. Surprisingly, the overall revenue impact on the cyber incident for its top account turns out to be less severe (50-100bps QoQ) than anticipated.

Additionally, the ramp up of two large deals within Automotive space compensated the drag within its top account. The underlying demand for Automotive OEMs is recovering, the projects that were kept on hold are being resumed and even the newer projects are seeing timely executions. Although the current growth profiles of US/Europe OEMs are weak, the strong intent to participate and compete against Chinese OEMs are driving the futuristic investments in SDV, ADAS and Connectivity areas. Beyond Automotive, the underlying demand within M&C remains challenging, while Healthcare should drive growth in H2 backed by multiple wins. On margin, it has fairly exceeded our estimate by 100bps QoQ, hence we are passing the benefits to FY26.

We are revising our margins up by 20bps/40bps/60bps due to Q2 beat for FY26E/FY27E/FY28E. We expect CC revenue to decline by 5.1% (-5.9% QoQ earlier) in FY26E and grow by 9.4%/11.2% YoY in FY27E/FY28E. Considering the early green shoots on Transportation, we are assigning 36x PE to Sep’27 EPS, translating a TP of 5,010. Upgrade to REDUCE (SELL earlier).

Revenue: TELX reported revenue ahead of both our and consensus estimates, supported by the ramp-up of a large deal in the Media & Communications segment and only a modest decline in Transportation. Revenue grew 1% QoQ in CC terms, compared to our expectation of a 1.9% QoQ decline & consensus estimate 0.9% QoQ decline in USD. The beat was driven by a 3.7% QoQ CC increase in Media & Communications, while Transportation saw a mild 0.5% QoQ CC contraction and Healthcare declined by 4.6% QoQ CC.

Operating Margin: TELX delivered an EBIT margin of 18.5%, improving 30 bps QoQ and beating our expectation of an 80 bps decline. The margin outperformance was primarily driven by higher-than-expected revenue. EBIT came in at Rs. 1.69 bn, up 4.6% QoQ. PAT for the quarter stood at Rs. 1.55 bn (up 7.2% QoQ), translating into a PAT margin of 16.9%.

Deal Wins: TELX secured several notable large deals, including a multi-year, multi-year multi-million-dollar partnership with Bayer Devices to co-develop advanced radiology products. In Aerospace & Defence, the company won a turnkey airport guidance systems development contract from a US-headquartered supplier. Management also indicated that multiple large deal pursuits are currently underway, signaling sustained momentum in the pipeline.

Valuations and outlook: We estimate USD revenue/earnings CAGR of 5.2%/9.3% over FY25-FY28E. The stock is currently trading at 40x LTM Sep 27E earnings, we are assigning P/E of 36x to LTM Sep 27E earnings with a target price of INR 5,010. We upgrade to stock to “REDUCE” from Sell rating earlier.

Madhya Pradesh Travel Mart 2025: The Grand Confluence Of Tourism In The Heart Of India

 -          Madhya Pradesh to Emerge as a World-Class Tourism Destination – Minister Shri Lodhi

-          Organized by Madhya Pradesh Tourism Board from 11th to 13th October in Bhopal 

Bhopal:

Under the visionary leadership of Hon’ble Chief Minister Dr. Mohan Yadav, Madhya Pradesh is set to establish itself as a world-class tourism destination with the organization of the Madhya Pradesh Travel Mart (MPTM) 2025 from 11th to 13th October 2025 at the Kushabhau Thakre International Convention Centre, Bhopal.

The event will bring together domestic and international buyers, sellers, travel agents, film representatives, and key stakeholders from across the tourism sector on a single platform. Organized by the Madhya Pradesh Tourism Board, this three-day event will host over 700 participants, including more than 80 foreign tour operators from 27 countries, 150 domestic tour operators, 355 sellers, film representatives, and media professionals. It will be India’s largest state-level travel mart, positioning Madhya Pradesh on the global map as the “Heart of Incredible India.”

Minister of State (Independent Charge) for Tourism, Culture, and Religious Trusts & Endowments, Shri Dharmendra Bhav Singh Lodhi, stated that in collaboration with FICCI this will be one of the largest state-level travel marts in the country. It will connect the state’s hoteliers, travel and tour operators, homestay owners, and other tourism stakeholders (sellers) with prominent domestic and international buyers, including major hoteliers and tour operators. This initiative will not only increase tourist inflow into Madhya Pradesh but will also open new avenues of economic growth in the tourism sector and create local employment opportunities.

 

The event will provide a platform for investment, partnerships, and collaborations in tourism, hospitality, film, wedding, and MICE sectors. Over 3,000 B2B meetings will be held during the mart, making it the largest business engagement ever organized in the state’s tourism sector. In addition, international conferences and roundtable sessions will be conducted with State Governments (G2G) and wedding and corporate organizers (G2B) to explore sectoral opportunities. Senior officials from the Ministry of Tourism and various State Tourism Departments will also participate.

 

A Major Step Towards Establishing Madhya Pradesh on the Global Tourism Map

Shri Sheo Shekhar Shukla, IAS, Additional Chief Secretary, Tourism, Culture, Home, and Religious Trusts & Endowments, and Managing Director, Madhya Pradesh Tourism Board, stated that Madhya Pradesh Travel Mart 2025 will showcase the state’s diverse tourism offerings — heritage, wildlife, rural culture, handicrafts, cuisine, and film tourism — under one roof.

Over 120 stalls will be set up, featuring handloom and handicraft products, with live demonstrations of Gond Art and Chanderi saree weaving. Dedicated stalls of tourism stakeholders will also be part of the exhibition. The event will also witness investment promotion, new tourism project agreements, and collaborative announcements under the State Film Policy.

The cultural segment will feature a 40-minute group dance performance choreographed by renowned artist Ms. Maitreyee Pahari, depicting Madhya Pradesh’s natural beauty and historical legacy. The iconic Maihar Band, representing the state’s musical identity, will also perform, along with folk and tribal dances showcasing the cultural heritage and traditions of Madhya Pradesh. Traditional cuisine and local folk culture will add further vibrancy to the event.

 

Chief Minister’s Investor Meetings and Key Thematic Sessions

During the mart, Hon’ble Chief Minister Dr. Mohan Yadav will hold one-on-one investor meetings, along with panel discussions focused on the tourism potential of the state. Two major sessions will be the highlight of the event:

* “Madhya Pradesh: From Hidden Gem to Global Icon” – focusing on the state’s heritage, wildlife, eco-tourism, and festivals.

* “The Future of the Film Sector in Madhya Pradesh: From Reel to Real Growth” – exploring opportunities in film production and film-based tourism.

Both sessions will feature participation from national and international experts, investors, and industry leaders.

 

Influencer Meet and Familiarization Tours

An Influencer Meet will be held on 9th October 2025, bringing together prominent social media influencers from across India. A total of 14 Familiarization (FAM) Trips will be organized for over 200 delegates, offering immersive experiences across Madhya Pradesh’s diverse tourism circuits — including wildlife, heritage, culture, and spirituality.

Visitors in Bhopal will also participate in engaging local experiences such as a Heritage Walk from Kamla Park to Iqbal Maidan, Yoga and Wellness sessions, Bird Watching at Van Vihar National Park, and Kayaking and Sailing at the Boat Club.

 

Key Participants and Industry Collaboration

The mart will witness participation from several distinguished personalities from India and abroad representing the travel, hospitality, and film industries. These include:

Dr. Jyotsna Suri (CMD, The Lalit Group), Mr. Parveen Chander (Executive Vice President, IHCL Group), Mr. Rajiv Mehra (President, FAITH), Mr. Ved Khanna (President, ADTOI), Mr. Manish Puri (President – Sales, Air India), Mr. Anirudh Kandpal (Co-founder & Senior Vice President – Sales & Strategic Development, Postcard Hotels), Mr. Ravi Gosain (President, IATO), Mr. Rakesh Kumar Rana (Head – Hotels, Partnerships & Affiliates, Yatra.com), and Dr. Sushrut Sudhir Babulkar (Serendipity Lakes & Resorts, Tamia).

From the film industry, leading names such as Ms. Ekta Kapoor, Ms. Sunita Rajwar, Mr. Gajraj Rao, Mr. Raghuvir Yadav, Mr. Vishal Furia (Film Director), Ms. Monisha Advani (Film Producer), Ms. Anna Saura (Spanish Film Producer), Ms. Lara Molina (Member, Spain Film Commission), and Mr. Shivankit Singh Parihar will grace the event. Pavilions of Madhya Pradesh Tourism, IRCTC, Incredible India, and various State Tourism Departments will also form part of the exhibition.

 

The Impact and Future of Madhya Pradesh Tourism

Madhya Pradesh Travel Mart 2025 aims to position the state as a global center for investment and partnerships in tourism, films, weddings, and responsible tourism. Through this event, the brand identity of Madhya Pradesh will reach 27 international markets, enhancing global visibility and promoting the state’s tourism assets worldwide. The mart is expected to open new avenues for collaboration, investment, and growth in the tourism sector. MPTM 2025 will mark a significant step toward establishing Madhya Pradesh as a “Global Icon in Tourism.”

Tata Consultancy Services: Modest Recovery & Margin Expansion, AI Pivot Underway…

Rating: BUY | CMP: Rs3,062 | TP: Rs3,800

Q2FY26 Result Update

Quick Pointers:

*     Improved performance on both revenue & margins in Q2

*     Announced plan to build 1 GW AI & data center in India

The quarterly performance exceeded our estimates, revenues and margins were up +0.8% CC QoQ and 70bps QoQ, respectively. The growth was broad-based across verticals and regions; international business was up 0.6% QoQ CC (vs declined ~0.5% QoQ LQ). However, the on-ground demand remains unchanged, the smaller deals and discretionary spends continue to see a pullback. Despite this slowdown, the company accelerated its AI investments strategies with senior leader hirings and powering AI into multiple offerings and service lines. With this AI theme, the company is further doubling-down on building Infrastructure with 1GW capacity AI Datacenter in India. We believe the investment is capturing the relevant theme around building AI Infrastructure and deepening its client relations with Hyperscalers and Tech Partners. The overall Capex seems to be heavy (USD 5-7bn); however, the concrete structure and vendor participation is yet to be decided. On the margins, we might see similar headcount trimming exercise carried out in H2, hence we are revising FY26E/FY27E/FY28E margins up by 40bps/30bps/30bps, while keeping the revenue growth unchanged. We assign 23x to Sep’27 EPS that translates a TP of 3,800. Maintain BUY.

Revenue: TCS posted a steady recovery in Q2 following a weak Q1, delivering 0.8% QoQ CC revenue growth, ahead of both our and consensus expectations of 0.4% QoQ CC. The international business grew 0.6% QoQ CC, also exceeding expectations. Growth was broad-based across most segments and geographies, with the UK region and the Retail & Regional Markets segment being the only exceptions, as both declined sequentially in CC terms.

Operating Margin: TCS also delivered an improvement in operating margin, with EBIT margin expanding 70 bps QoQ to 25.2%. The margin walk for the quarter included tailwinds of 80 bps from currency benefits, 40 bps from pyramid restructuring, and 20 bps from operational efficiencies, which were partially offset by a 70-bps headwind from wage hikes. Management reiterated its aspiration to scale margins back to the 26–28% range.

Deal Wins: Deal wins of USD 10 bn included a mega deal USD 0.6 bn. Excluding the mega deal, overall deal wins were slightly above the company’s USD 7–9 bn comfort range. BFSI, Retail & North America TCV came in at US$2.5 bn (-38% QoQ), US$ 1.6 bn (-6% QoQ) & US$ 4.4 bn (-35% QoQ) respectively with LTM BTB of 1.4x

Valuations and outlook: We estimate USD revenue/earnings CAGR of 3.6%/9.4% over FY25-FY28E. The stock is currently trading at 18.6x LTM Sep. FY27E earnings, we are assigning P/E of 23x to LTM Sep. FY27E earnings with a target price of INR 3,800. We maintain “BUY” rating.​

CII INNOVERGE 2025: “Make in India, Developed India & Digital India” — Spotlights On AI, R&D And Industry-Academia Collaborations

CII INNOVERGE 2025 commenced today at The Taj West End, Bengaluru, under the theme “Make in India, Developed India & Digital India.” Delivering the Keynote Address as Guest of Honour, Mr Priyank Kharge, Hon’ble Minister for Electronics, Information Technology & Biotechnology and Rural Development & Panchayat Raj, Government of Karnataka, highlighted Karnataka’s leadership as a global innovation powerhouse. He said, “Karnataka has evolved into one of the most disruptive innovation hubs in the world, powering breakthroughs from agritech to aerospace. We are not just an investment destination but the global knowledge and skill capital. With 40% of India’s R&D talent, 30% of all Global Capability Centres, and 48 of the country’s 110 unicorns, Karnataka drives the nation’s digital economy. Our ecosystem leads globally in AI skill penetration and R&D output, ranking among the top five AI cities worldwide. What sets us apart is our 3P model of People, Policy and Participation, which ensures every stakeholder, from academia to entrepreneurs, has a voice in shaping growth. We are investing ₹1,000 crore to build innovation clusters across Mangaluru, Mysuru, Hubballi-Dharwad and Belagavi, ensuring that the benefits of growth reach every region. At the upcoming Bengaluru Tech Summit, we will unveil the Future Makers track to showcase 20,000 startups and launch a ₹100 crore fund to identify India’s top 50 AI companies. Karnataka today is not competing with other states; we are competing with ourselves to create global solutions through innovation, skills and political will.”

 

Delivering the Special Address, Ms Gunjan Krishna, IAS, Commissioner for Industrial Development & Director, Department of Industries & Commerce, Government of Karnataka, emphasized that innovation must be viewed as the very core of enterprise and policy alike. Highlighting the importance of a collaborative ecosystem, innovation thrives when academia, industry, startups, and government come together, that’s the bridge we must build. Ms Gunjan Krishna underscored Karnataka’s commitment to fostering such an ecosystem through proactive policy support, partnerships, and programs that translate ideas into scalable outcomes, reinforcing the State’s position as India’s innovation epicentre.

 

Mr Kris Gopalakrishnan, Past President, CII, Mentor CII India INNOVERGE 2025& Chairman, Axilor Ventures & Co-Founder, Infosys Ltd., in his Special Address, cited “India’s innovation journey will accelerate when research, academia, and industry converge into a cohesive ecosystem. We must invest deeply in R&D, foster Centres of Excellence collaborating with industry, and create clusters where ideas move seamlessly from lab to market. Our next phase of growth should be measured not only by economic metrics but by innovation outcomes — tracking creativity and commercial impact as rigorously as financial performance. With India’s demographic strength, digital readiness, and entrepreneurial energy, we have the potential to emerge as a global innovation leader, provided innovation becomes a measurable, mainstream priority.”

 

Setting the tone for the Summit, Mr Kamal Bali, Past Chairman, CII Southern Region; Chairman, CII India INNOVERGE 2025 & President & Managing Director, Volvo Group India, addressed the importance of “Accelerated innovation as the heartbeat of India’s growth story. As AI and digitalization converge, we are entering an era where idea generation and intelligent automation will redefine how we design, make, and move. From concept to commercialization, AI-led productization will be the true differentiator — turning India’s innovation potential into global leadership. The vision of Make in India is now evolving into Imagine in India, Innovate in India, and Lead from India. This transformation is not just about technology — it’s about unlocking human ingenuity at scale and shaping a future that is inclusive, sustainable, and globally competitive.”

Mr Rabindra Srikantan, Chairman, CII Karnataka State Council 2025–26 & Managing Director, ASM Technologies Ltd highlighted “India’s AI revolution is shaping the vision of Aatmanirbhar Bharat — a self-reliant, technology-driven, and future-ready nation. Through open data, digital public infrastructure, and homegrown innovation, we are building an ecosystem where technology empowers every entrepreneur, every learner, and every citizen. Innoverge 2025 celebrates this spirit of collaboration and innovation that defines India’s journey from ‘Make in India’ to ‘Lead the World’. Karnataka continues to play a pivotal role in this transformation — driving technology-led growth, advanced manufacturing, and entrepreneurship not only in Bengaluru but across emerging industrial clusters, reinforcing India’s position as a global hub for innovation and sustainable progress.”

 

Mr Ramesh Ramadurai, Past Chairman, CII Karnataka State Council & Managing Director, 3M India, emphasised “Innovation happens at the intersection of multiple disciplines that’s where true breakthroughs emerge. To harness this, we must measure our efforts, nurture curiosity, and translate ideas into global impact. Meaningful innovation flourishes in environments that celebrate experimentation, foster cross-sector collaboration, and encourage continuous learning. India’s diversity of talent and thought is our greatest strength, enabling us to move from incremental progress to global innovation leadership.”

 

The day culminated with the CII INNOVERGE 2025 Recognitions, celebrating pioneering organizations and individuals demonstrating outstanding leadership in innovation. Lab To Market Innovations Pvt Ltd (L2MRail) was announced as the winner, Chemioptics Amit received the 1st Runner-up award, and Rizzome Sustainable Solutions Pvt Ltd was recognized as the 2nd Runner-up.

 

CII INNOVERGE 2025 set the tone for an engaging dialogue on how India can harness AI, technology, and strategic partnerships to realize its vision of Viksit Bharat@100 through innovation-led growth. The momentum continues on Day 2, with thought-provoking sessions on R&D in India, Education, Skills & Inclusion, and Manufacturing & Logistics, exploring how these pillars can drive India’s transformation into a global innovation leader.

Companies associated with the Summit are Volvo Group, RSB Transmission ( India) Ltd , Maini Group , Kennametal India Ltd , 3M India Ltd , State of Bavaria, India Office, Pardeep Phosphates Ltd, ASM Technologies Ltd ,  Bosch Ltd, Hitachi Energy India Limited , Infosys Ltd, Manipal Hospital,  AGI Milltec- Milltec Machinery Private Limited, Kauvery Hospital Group, Sona Valliapa Group, Karnataka Renewable Energy Development Limited (KREDL), Lakshmi Machine Works Limited, Toyota Kirloskar Motor Pvt Ltd (TKM), ITC Hotels, Bharat Clouds Private Limited, Tata Hitachi Construction Machinery Company Private Limited, Zing HR & Gifting Partners - KANARA CONSUMER PRODUCTS LIMITED. Academic Partner Welingkar Institute of Management who also shared and showcased their insights which was attended by over 300 industry CXO’s and stakeholders across sectors.

 

About CII

The Confederation of Indian Industry (CII) works to create and sustain an environment conducive to the development of India, partnering Industry, Government and civil society, through advisory and consultative processes.

 

CII is a non-government, not-for-profit, industry-led and industry-managed organization, with around 9,000 members from the private as well as public sectors, including SMEs and MNCs, and an indirect membership of over 365,000 enterprises from 294 national and regional sectoral industry bodies.

 

For more than 125 years, CII has been engaged in shaping India’s development journey and works proactively on transforming Indian Industry’s engagement in national development. CII charts change by working closely with Government on policy issues, interfacing with thought leaders, and enhancing efficiency, competitiveness, and business opportunities for industry through a range of specialized services and strategic global linkages. It also provides a platform for consensus-building and networking on key issues.

 

Through its dedicated Centres of Excellence and Industry competitiveness initiatives, promotion of innovation and technology adoption, and partnerships for sustainability, CII plays a transformative part in shaping the future of the nation. Extending its agenda beyond business, CII assists industry to identify and execute corporate citizenship programmes across diverse domains including affirmative action, livelihoods, diversity management, skill development, empowerment of women, and sustainable development, to name a few.

 

For 2024-25, CII has identified “Globally Competitive India: Partnerships for Sustainable and Inclusive Growth” as its Theme, prioritizing 5 key pillars. During the year, it would align its initiatives and activities to facilitate strategic actions for driving India’s global competitiveness and growth through a robust and resilient Indian industry.

 

With 70 offices, including 12 Centres of Excellence, in India, and 8 overseas offices in Australia, Egypt, Germany, Indonesia, Singapore, UAE, UK, and USA, as well as institutional partnerships with about 300 counterpart organizations in almost 100 countries, CII serves as a reference point for Indian industry and the international business community.

Photo Caption - LtoR

Ms Radhika Dhall, Senior Director and Head, CII Karnataka

• Mr Rabindra Srikantan, Chairman CII Karnataka State Council 2025-26 & Managing Director, ASM Technologies

• Mr Kris Gopalakrishnan, Past President, CII Mentor, CII India Innoverge 2025 & Chairman, Axilor Ventures & Co-Founder, Infosys Ltd

• Shri Priyank Kharge, Minister of Electronics, Information Technology & Biotechnology and Rural Development & Panchayat Raj, Government of Karnataka

• Mr Kamal Bali, Past Chairman CII Southern Region & Chairman, CII India Innoverge 2025 & President & Managing Director, Volvo Group India

• Ms Gunjan Krishna, IAS, Commissioner for Industrial Development & Director, Department of Industries & Commerce, Government of Karnataka

• Mr Ramesh Ramadurai, Past Chairman, CII Karnataka State Council & Managing Director, 3M India

HMSI Celebrates 5 Years Of Road Safety Impact At Safety Driving Education Centre In Bengaluru, Karnataka

Over 75,000 individuals trained since 2020

 Continuing its journey of fostering safer road habits in India, Honda Motorcycle & Scooter India (HMSI) commemorated the 5th anniversary of its Safety Driving Education Centre (SDEC) in Bengaluru, Karnataka. The event was graced by Shri. Sharanappa, Karnataka State Police Service (KSPS), Assistant Commissioner of Police and Principal, Traffic Training and Road Safety Institute, Bengaluru Traffic Police, alongside other dignitaries who came together to recognise the centre’s role in strengthening awareness on safer riding practices. 

In October 2020, Honda Motorcycle & Scooter India (HMSI) in association with Bangalore Traffic Police inaugurated the Safety Driving Education Centre in Bangalore. Since its inception, the Bengaluru SDEC has trained over 75000 individuals. These include school children, college students, and working professionals each of whom benefitted from engaging theoretical and hands-on sessions.

The 5th anniversary celebration began with a cake cutting ceremony symbolizing five years of continuous learning and riding discipline. This was followed by a special batch training for Bengaluru Traffic Police personnel, including Assistant Sub Inspectors (ASIs) and Constables, along with some safety riding activities and essay writing competition for the students of the Federal Public School.

Continuing the journey towards safer roads, Bengaluru SDEC is part of a larger, nationwide effort to build a culture where road safety is second nature. As the SDEC enters its 6th year, HMSI continues to build on its efforts to ensure that safe riding is not just taught in training centres but becomes a daily practice among road users. The journey is ongoing, and every such step brings us closer to a future where road safety is not just taught but lived. 

Honda Motorcycle & Scooter India’s CSR commitment towards Road Safety:

In 2021, Honda announced its global vision statement for the year 2050 where it will strive for zero traffic collision fatalities involving Honda motorcycles and automobiles. In India, HMSI is working in line with this vision and the Government of India direction of reducing fatalities to half by 2030.

A key pillar of HMSI’s vision is cultivating a safety-first mindset among children by 2030, transforming them into road safety ambassadors. Through school and college programs, HMSI aims to embed road safety as a core value in young minds.

HMSI wants to be a company that Society wants to exist and is strongly focusing on spreading Road safety awareness to all sections of society with unique ideas catering to each segment from school kids to corporates and society at large.

HMSI’s set of skilled safety instructors conduct daily programs at our 10 adopted traffic training parks (TTP) across India and 6 Safety Driving Education Centers (SDEC) to make road safety education accessible to every part of society, and the initiative has already reached more than 10 million Indians. HMSI’s National Road Safety Awareness program made learning fun yet scientific through:

SCIENTIFICALLY DEVISED LEARNING MODULE: Honda’s skilled instructors set the foundation with theory sessions on road signs & markings, driver’s duties on road, riding gear & posture explanation and safe riding etiquettes.

1. PRACTICAL LEARNING: A special training activity on Honda’s virtual riding simulator was executed for all to experience over 100 possible dangers on road before actual riding.

2. INTERACTIVE SESSION: Participants also underwent Kiken Yosoku Training (KYT), a danger prediction module designed to enhance awareness and promote safer driving behaviour.

3. EXISTING DRIVERS HONING RIDING SKILLS: Students & school staff members who are already existing riders tested & honed their riding skills through slow riding activities and riding on narrow planks.

HMSI also recently launched its innovative digital road safety learning platform, E-Gurukul, this

E-Gurukul platform offers training modules tailored for three specific age groups from 5 years till 18 years ensuring a comprehensive approach towards road safety. Currently the modules are available in multiple languages like Kannada, Malayalam, Hindi, Telugu, Tamil, and English—to ensure inclusivity and regional relevance and E-Gurukul can be accessed at egurukul.honda.hmsi.in. The platform supports live streaming or downloading, and multilingual modules to ensure accessibility across diverse regions. The launch of E-Gurukul is part of HMSI’s ongoing efforts to empower children, educators, and dealers to champion safe road practices. The initiative will expand to cover schools in every state, promoting road safety education tailored to different age groups. Schools interested in integrating road safety education can reach out via Safety.riding@honda.hmsi.in to access tailored modules and support. HMSI remains committed to building a safer India, one rider at a time. The Bengaluru SDEC’s journey is a testament to the power of education in transforming road behaviour and saving lives.

Manipal cGMP Forum & 3rd National cGMP Day Celebrate Excellence In Pharmaceutical Quality With Historic Postal Cover Release

The Centre for cGMP at Manipal College of Pharmaceutical Sciences (MCOPS), a constituent Institution of Manipal Academy of Higher Education (MAHE), an Institution of Eminence Deemed to be University, hosted the inaugural Manipal cGMP Forum alongside the 3rd National cGMP Day celebration, marking a significant milestone in advancing pharmaceutical quality and manufacturing standards in India.

 

The event's centrepiece was the release of India's first Special Postal Cover dedicated to current Good Manufacturing Practices (cGMP)—a pioneering initiative conceived by Dr Girish Pai K, Coordinator, Centre for cGMP, MAHE, in collaboration with Sri. Bharat Shah, National President, IDMA, and Dr. George Patani, Senior Vice President, IDMA.

 

The Special Postal Cover was unveiled in the presence of eminent dignitaries, including Sri. Bharat Shah (National President, IDMA), Sri. K Raja Bhanu (Director General, Pharmexcil), Mrs. Aditi Kare Panandikar (Hon. General Secretary, IDMA), Sri. Amit Raj Sinha (MD & CEO, Sigachi Industries Ltd), Sri. K Prakash (Chief Postmaster General), Dr. Sharath Rao (Pro-Vice Chancellor, MAHE), and Dr. Srinivas Mutalik (Principal, MCOPS).

  

Lt. Gen. (Dr.) M. D. Venkatesh, VSM (Retd.), Vice Chancellor, MAHE, emphasized the significance: "This marks a momentous milestone as we celebrate 2025 as the 'Year of Excellence in Industry-Academia Collaborations.' The Special Postal Cover is expected to generate nationwide awareness on the importance of cGMP and medicine quality."

  

Sri Bharat Shah, National President of IDMA, announced IDMA's proud sponsorship of this maiden initiative, remarking, "We believe this is a pioneering initiative to raise awareness not only among industry professionals, academia and regulators, but also among dispensing pharmacists, the patient community and the general public."

  

Dr. Girish Pai K presented the Centre's inspiring journey since its 2023 inception, highlighting pioneering initiatives including the cGMP Awareness Series, cGMP Lecture Series, cGMP CONNECT Newsletter, and the Train the Pharmacists program. He described the Special Postal Cover as "a symbol of national recognition and respect for cGMP," expressing gratitude to IDMA and Sri Bharat Shah for their generous sponsorship.

 

Dr. Pai also welcomed the inclusion of cGMP as an elective in the PCI-prescribed BPharm syllabus, calling it "a timely development, coinciding meaningfully with the third National cGMP Day celebrations."

 

The forum featured several notable achievements and presentations. The prestigious National cGMP Day Award 2025 was conferred upon Mr. Ananthakrishna Padiyar, Chief of Quality, Cipla Ltd, Mumbai, in recognition of his exemplary contributions to pharmaceutical quality. Phase II of the MANIPAL cGMP MUSEUM was unveiled as a digital tribute to Dr. TMA Pai, generously sponsored by Sri. Mehul Shah, MD, Encube Ethicals Pvt Ltd. The latest edition of the cGMP CONNECT Newsletter, Vol 2, Issue 2, was also released during the event. Expert sessions were delivered by Mr. Dinesh Kashikar, Senior Consultant, Zenshin Pharmatek LLP, who elaborated on Revised Schedule M Guidelines, and Mr. Allen Dass, GM, Akums Drugs & Pharmaceuticals Ltd, who addressed Quality Issues and Business Impact. Best Poster Awards were presented to deserving participants with certificates, cash prizes, and Special cGMP Gifts sponsored by Akums Drugs & Pharmaceuticals Ltd.

 

Under the theme "cGMP for Sustainable Quality" (unveiled in April 2025), the conference featured plenary sessions, poster presentations, interactive industry-academia dialogues, and engaging student activities, including a Quality Jingle, Innovation Pitch, and Tree of Quality—fully sponsored by Akums.

Held at the Dr. TMA Pai Auditorium, Manipal, the forum successfully bridged the gap between revised Schedule M guidelines and academic understanding, bringing together industry leaders, academia, students, and regulatory experts.

 

The concept of National cGMP Day was initiated by Dr. Girish Pai K in 2023 and has been celebrated annually in collaboration with IDMA, PCI, FOPE, Pharmexcil, and other leading industry bodies.

 

The Centre for cGMP at MAHE expressed heartfelt gratitude to all participants, speakers, sponsors, and guests for making the Manipal cGMP Forum and National cGMP Day 2025.

 

About Manipal Academy of Higher Education:

The Manipal Academy of Higher Education (MAHE) is an Institution of Eminence Deemed-to-be University. MAHE offers over 400 specializations across the Health Sciences (HS), Management, Law, Humanities & Social Sciences (MLHS), and Technology & Science (T&S) streams through its constituent units at campuses in Manipal, Mangalore, Bengaluru, Jamshedpur, and Dubai. With a remarkable track record in academics, state-of-the-art infrastructure, and significant contributions to research, MAHE has earned recognition and acclaim both nationally and internationally. In October 2020, the Ministry of Education, Government of India, awarded MAHE the prestigious Institution of Eminence status. Currently ranked 3rd in the National Institutional Ranking Framework (NIRF), MAHE is the preferred choice for students seeking a transformative learning experience and an enriching campus life, as well as for national & multi-national corporates looking for top talent.