Mindspace Business Parks REIT Announces Results For Q3 & 9M FY21 And Declares Distribution Of INR 4.78 Per Unit

 Mindspace Business Parks REIT (BSE: 543217 | NSE: MINDSPACE) (‘Mindspace REIT’), owner and developer of quality Grade A office portfolio located in four key office markets of India, reported results for the quarter, and nine months ended December 2020.

Distribution

The Governing Board of K Raheja Corp Investment Managers LLP, Manager to Mindspace REIT declared a distribution of INR 2,835 Mn or INR 4.78 p.u. for Q3 FY2021 at its meeting held earlier today. The record date for the distribution is 18 February 2021, payment of the distribution shall be processed on or before 25 February 2021. 

Performance Update for Q3 FY 2021

·         Gross leasing of 1.0 msf, with an average rent of INR 60 psf/month

·         Re-leasing spread of 13.3% on 0.9 msf of area re-leased

·         Continued to collect over 99% of Gross Contracted Rentals

·         Committed Occupancy of 86.9% 

·         Same Store Committed Occupancy of 89.9% (Dec 20 vs Dec 19, on 21.1 msf area)

Financial Update for Q3 FY2021

·         Declared distribution of INR 2,835 Mn / INR 4.78 p.u., first distribution post listing

·         Net Operating Income of INR 3,578 Mn, a sequential growth of 6.3% vs Q2 FY2021

·         Raised INR 2,000 Mn via NCDs at 6.45% p.a.p.q. (Rating - CRISIL AAA/Stable)

·         Availed INR 5,550 Mn Lease Rental Discounting Loan as Green Loan at SPV level

·         Weighted average cost of debt reduced from 8.1%(1) in September 2020 to 7.3% in December 2020 on p.a.p.m. basis

·         Robust balance sheet with low net debt to market value of 13.8%(2)

Other Updates for Q3 FY2021

·         Included in ‘MSCI India Domestic Small Cap Index’ and various other MSCI & FTSE indices

·         British Safety Council’s ‘Sword Of Honour’ awarded to Gera Commerzone, Kharadi & Mindspace, Airoli West Parks

·         Received LEED Gold certification from USGBC for Commerzone Porur and 1 building in Mindspace Airoli West

Speaking on the results, Mr. Vinod Rohira, Chief Executive Officer, Mindspace Business Parks REIT said, “Digitization has changed the way businesses across the world function. India is a frontrunner of intellectual capital, and, as the premier and most effective provider of these solutions, stands to benefit greatly from global demand.

The second wave of Covid-19 in several parts of the world, has led to temporarily pausing the demand trajectory. While we expect this to continue for a few more quarters, the global environment is expected to recuperate, and as office occupancies rise, India’s Grade A offices will be the foremost beneficiaries of the surge in demand.”

Investor Communication and Quarterly Investor Call Details

Mindspace REIT has disclosed following information pertaining to the financial results and business performance (i) interim condensed standalone and consolidated financial statements for the quarter and nine month period ended 31 December 2020 (The consolidated financial results include financial results of Asset SPVs for a cumulative five month period from 01 August 2020 to 31 December 2020) and (ii) an earnings presentation covering Q3 and 9M FY2021 results. All these documents are available on Mindspace REIT’s website at https://www.mindspacereit.com/investor-relations/financial-updates/#ir

Mindspace REIT is also hosting an earnings conference call on February 11, 2021 at 16:00 hours Indian Standard Time to discuss the Q3 and 9M FY2021 results. The dial in details have are available on our website at https://www.mindspacereit.com/investor_relations/presentations/#ir and have also been filed with the stock exchanges.

A replay of the call will be available till 10 March 2021 on Mindspace REIT’s website at https://www.mindspacereit.com/investor_relations/presentations/#ir

CMS IT Services’ Anuj Vaid Forges Ahead As The National Digital Transformation Leader’s Newly Appointed Executive Director

Anuj Vaid has been named CMS IT Services’ new Executive Director. In his new role as ED of one of India’s leading IT firms, Anuj will be prioritizing bringing into fruition the CMS IT 4.0 Strategy that he has championed and formulated with his expert understanding of the organisation’s capabilities and customer profile. His other major focus will be on synergizing the entire business- sales and delivery operations, to ensure the enterprise in future-ready and continues to stay relevant in the new business paradigm.

Prior to this, Anuj was the company’s Executive Vice President and CSMO. Since joining CMS IT Services in 2015, he has been responsible for executing the company’s strategic agenda. Anuj has been at the helm of prominent achievements like the Defensible Cybersecurity Framework designed specifically for tackling cyberthreats in the COVID-19 scenario, as well as India’s First AI-Driven Automation Shared Delivery Model – the ‘Remote Automation Centre for Enterprises’ (R.A.C.E) with Automation Anywhere.

Anuj is known for his keenness leveraging the latest technologies such as Cloud, BOTs, AI/ML and IoT to deliver stellar results and is a major contributor to the entire revenue generation chain. His 25-year career as a transformative growth leader heading multi-national markets, has advanced his record of turning company portfolios into high-value outcomes, offering exceptional customer experiences, and partnering with industry front-runners like Microsoft, Trend Micro, Ramco, Vmware, CISO, Acer and IBM, to name a few.

About CMS IT Services

CMS IT services is an industry leader in Managed IT services and system integration. The company combine world-class cloud, digital, automation and cybersecurity expertise with a core strength in leveraging optimal technologies to rapidly create efficiencies and scale operations.

They offer an extensive array of services to help customers thrive on next-generation technologies; helping build, transform and manage their IT operations. Their services include cloud assessments and migrations, application digitization and modernization, digital experience enhancement, information management and cybersecurity, IT automation. Currently CMS IT Services has over 6500 employees and serves more than 300 leading enterprises across key industries, with infrastructure spread across all 29 states of India. 

LEAD School Appoints Former Disney+ Hotstar SVP & Head Sales Anupam Gurani As New CMO

* Gurani brings 16+ years of rich experience in Marketing and Brand Building

LEAD School, a major EdTech player in India’s K-12 education segment, today announced a significant addition to the company’s leadership team -- Mr. Anupam Gurani, who joins LEAD School as Chief Marketing Officer (CMO). Based in Mumbai, Anupam will play a pivotal role in defining LEAD School’s business and marketing strategies.

In his role as CMO at LEAD School, Anupam will be responsible for the overall marketing strategy, strengthen the brand reach, and drive accelerated business growth in existing and new markets as well as category management segments. An accomplished marketing veteran with over 16 years of experience, Anupam has worked in reputed consumer centric organizations such as Disney+ Hotstar, Reckitt Benckiser (Dettol), Vodafone and Google.

Sumeet Mehta, Cofounder & CEO, LEAD School said, “We are happy to have Anupam on-board as he brings robust knowledge of consumer-centric businesses to this role combined with a deep understanding of how new digital technologies are disrupting industries. We are on a positive growth trajectory at LEAD School and are very well-positioned to continue building on our strong momentum. Anupam’s knowledge and expertise will be very valuable in shaping and developing new opportunities for LEAD School.”

Anupam Gurani, Chief Marketing Officer, LEAD School said, “I am thrilled to join LEAD School and its leadership team at such a pivotal time in its evolution. Being a part of the company’s journey in bringing about a change in India’s education system is challenging yet exciting. I am glad about the opportunity to grow the company with a remarkable team as we continue to define the future of education.”

In his most recent role as SVP & Head Sales - New Business & SMB at Disney+ Hotstar, he built the Digital Ad Sales Business. 

Mr. Gurani is a graduate from Delhi College of Engineering and holds a Master’s in Business Administration from IIM Bangalore.

About LEAD School

LEAD School is promoted by Leadership Boulevard, one of the fastest growing EdTech companies in India. It combines technology, curriculum and pedagogy into an integrated system of teaching and learning, thus improving student learning and teacher performance in schools across the country. LEAD School partners with 1,500+ schools with an estimated 6 lakh+ students in more than 400 cities, including tier 2 to tier 4 cities, in 20 States.

IIM Sambalpur Opens Its Gates For Students Returning To New Normal In A Phased Manner

Eleven months after the pandemic induced lockdown had forced all educational institutions across the country to shut down their campuses and the education system shifting to a completely digital platform, institutes have slowly started to reopen their campuses. One of the most promising and dynamic management institutions among the new generation IIMs of the country, IIM Sambalpur, the handcrafted IIM, has also reopened its campus for students, adhering to directions of the Central Government, State Government, District Authorities, and statutory health regulatory bodies. The Institute is also adopting a set of safety and hygiene guidelines which will be updated from time to time as issued by the Government authorities. Being a first-mover among IIMs, to conceive the concept of flipped classroom mode of learning, which enabled a smooth transition from offline to online classes including examinations and admission processes, IIM Sambalpur truly stands for holistic pedagogy. The first year and second year students of MBA have started arriving at the campus in batches. Students who are facing internet and infrastructure issues at home are given priority to come to the campus. The classes will, however, be held in online mode for the time being. 

Speaking on reopening the campus, Prof Mahadeo Jaiswal, Director, IIM Sambalpur, said, “We will be rebooting the campus in stages and students will be returning in a phased manner. A strict set of mandatory guidelines, as set by Government authorities has been issued to all students, faculty and staff. We will also be collecting the students’ travel/location details for 14 days before entering the campus. Students must produce a COVID 19 Negative Certificate which is not older than 3 days as on their date of arrival. They will also have to undergo tests at the end of their quarantine period which the Institute will arrange with the help of the District Administration. As numbers around the country are going down and the vaccination drive starting, it is essential for life to continue in the new normal. While physical distancing and remote learning were a necessity, students did feel a sense of isolation. Coming back to campus and meeting their friends and teachers, will create a positive impact on their mental health as well. Our students also realize the need to normalize the situation and are enthusiastic about their arrival to campus, some of them for the first time. However, the pandemic is far from over and hence stringent SOP must be followed to resume near-normal activities. Self-discipline is the key to responsible COVID 19 behaviour.” 

Each student will have to self-quarantine themselves for 14 days from the date of arrival at the campus in separate rooms. Each student must have the Aarogya Setu app active on their smartphones. Wearing masks outside their hostel rooms, thermal scanning of body temperature upon entering the campus, maintaining social distancing in common spaces, sanitizing hands, and following all other basic norms is mandatory. Students are not allowed to leave the hostel premises other than medical emergencies. Students who must leave campus will have to quarantine themselves again. The dining hall will also have meal timings for students and staff in batches. Thorough disinfection and cleaning of all surfaces will be maintained by the institute. Medical assistance like routine health check-ups, monitoring of students, dealing with emergencies will be provided during the quarantine. Two fully ready rooms with beds, oxygen cylinders, and other essential facilities for combating COVID 19 mild to moderate symptoms will be available in a separate building on the campus. A Medical officer/Doctor will also visit the hostel regularly. 

Although physically present at the campus, students will continue to attend classes in the online mode. The Institute will take the decision of resuming physical classes depending on the circumstances and government guidelines. IIM Sambalpur has been conducting online classes with the help of several digital tools and processes to facilitate effective learning for its students. Taking forth the concept of Flipped classrooms, Learning Management Software like Moodle is being utilized, where students and faculty members interact regularly through Video Conferencing. Furthermore, the institute has smart classrooms equipped with SMART Boards, where students can log-in and access notes, presentations, and curriculum schedules. All examinations of IIM Sambalpur are conducted using online proctoring systems for descriptive exams or using LMS for the quiz and multiple-choice exams. 

About Indian Institute of Management Sambalpur: 

Indian Institute of Management Sambalpur is one of the most promising and dynamic management institutions among the new generation IIMs of the country located in Sambalpur, Odisha, India. IIM Sambalpur was established by MHRD, GOI in 2015 and was declared as an Institute of National Importance as per the IIM 2017 Act. The Institute is already taking positive steps since its inception as a place for Entrepreneurial Innovation and Experiential Learning. Located amidst hills and rivers surrounded by a large number of big manufacturing industries, IIM Sambalpur currently offers full-time Master in Business Administration (MBA) and Ph.D. programs and more courses to be added in near future. The Institute outscores all other IIM’s in terms of its gender diversity and its unique experiential learning pedagogy called “Flipped Classroom”. The institute became a pioneer among IIMs of the country in conducting part of their admission process and term examination through an online proctoring system and the institute will conduct all their examinations through the same online proctoring system henceforth. The foundation stone of the permanent campus of IIM Sambalpur was laid by Hon’ble Prime Minister of India, Shri Narendra Modi on 2nd January 2021. 

3 In 5 Women Want A Pain-Free, Hygienic Waxing Experience; Prefer Roll-On Waxing -- Urban Company Data Reveals!

Trusted by 15 lakhs+ women for beauty services, Urban Company (formerly Urban Clap) – India and the UAE’s largest tech-enabled home services marketplace – today celebrates completion of 1 year since the launch of roll-on waxing technology on the platform. The company also announced that its  11th edition of ‘Salon Spree’, Urban Company’s flagship beauty services sale event, will continue until 21st February 2021 offering great discounts and deals to consumers across the country. 

Urban Company reported over 50% of deliveries for waxing services were enabled by roll-on waxing technology, with increased demand during the pandemic as women became more conscious about hygiene. The demand for roll-on waxing has emerged from Tier-1 metro cities including Delhi, Mumbai, and Bengaluru, apart from Tier 2 cities such as Jaipur and Chandigarh. Consumers have shown a shift in preference to the company’s roll-on waxing technology considering the technique is low-pain, less messy and prioritizes hygiene. 

Rahul Deorah, VP Marketing – Urban Company said: “While people have begun venturing out of their homes, the comfort of getting salon services at home has emerged as a pan-India trend. It’s been a year since the launch of Roll-on waxing technology, and we are overwhelmed with the response we have received. In the last eight months, 3 in 5 women have booked a roll-on waxing service at home. This has further strengthened our belief that innovation and technology when married with services lead to delightful experiences and happy consumers.”

Roll-on waxing is a one-of-its-kind tooling-led innovation in waxing launched by Urban Company in January last year. What makes it unique and different is its no-touch technology that is done through a special applicator. This not only makes the waxing experience touch-free but also significantly reduces the pain as the wax used here is high-quality, Italian White Chocolate Wax. 

During the 20-day-long Salon Spree, the company is offering a variety of discounts and deals on services for both men and women. The offers include a free waxing upgrade for women, free head massage for men and flat 50% off on massages for men and women. 

Salon Spree is extremely popular with Urban Company consumers and maximum demand comes from cities such as Mumbai, Delhi, Chennai, Bengaluru, Chandigarh and Jaipur. Besides, this will be the sale’s first edition in cities such as Kochi, Guwahati, Bhopal and Kanpur.

About Urban Company

Founded in November 2014, Urban Company (formerly UrbanClap) is India and the UAE’s largest home services company, with recent expansions into Australia and Singapore. The Company offers services such as beauty and spa at home, cleaning, plumbing, carpentry, appliance repair, painting, etc. through its mobile app and website. It operates in 18 metropolitan cities in India and 4 international cities (Dubai, Abu Dhabi, Sydney and Singapore). It has a service partner network of more than 30,000 hand-picked service professionals, who are provided training, tools, financing, insurance, product procurement, etc., apart from a steady stream of business. This full-stack approach helps the Company live up to its promise of delivering high-quality, delightful services at home to its customers.

Our Vision: To empower millions of professionals worldwide deliver services at home like never experienced before.

upGrad Partners With Loyola Institute of Business Administration (LIBA) To Introduce Four New Programs

* The edtech leader partners with India’s leading B-School to foray into new disciplines of Human Resource and Healthcare along with new-age programs like Artificial Intelligence and Machine Learning

upGrad, India’s largest higher edtech expands its online program portfolio and announces four new postgraduate programs with India’s leading B-School - Loyola Institute of Business Administration (LIBA) to train and prepare professionals for a future-ready global workforce. The partnership also marks upGrad’s foray into two new disciplines of Human Resource and Healthcare, along with two other executive programs into the areas of Artificial Intelligence and Machine Learning.

With the aim to target the corporate managers who are looking to get specialisation, the four new 11-month postgraduate programs will offer subject knowledge across the areas of Artificial Intelligence & Machine Learning, Business Analytics, Healthcare Management, and Human Resource Management. The first cohort is scheduled to commence on 31st March, 2021.

Talking about the partnership, Phalgun Kompalli, Co-founder, upGrad said, “While we aim to accelerate our growth by onboarding 3x university partners in the next 2 years, our alliance with LIBA is another milestone achieved. This will further strengthen our program catalogue and enable our learners with added capabilities in terms of faculties and facilities that will not only empower them with deep subject knowledge across new-age disciplines but also help them attain desired career outcomes.”

Further commenting, Arjun Mohan, CEO-India, upGrad said: “Employers of today are scouting for talent that can operate amidst the evolving tech-driven ecosystem. Therefore, it is imperative for us to keep a constant check on market trends and deliver an unmatched set of online learning solutions to our target audience. Through our strategic partnership with India’s leading B-School LIBA, we aim to acquaint Bharat with the forthcoming industry challenges and prepare them for new-age work dynamics.”

Fr. Joe Arun SJ, Director, Loyola Institute of Business Administration, says, “This world-class online executive program will foster teaching and research to provide a thorough knowledge of Artificial Intelligence, Machine Learning and Analytics to meet the challenges of the global economy, and to familiarize learners with the practice and procedures of the AI world. Through the Online executive program, LIBA, in association with upGrad, will help learners gain a 360-degree perspective of the AI, ML Analytics, and Health care Management system in India and beyond.” 

Professor (Dr) MJ Xavier, Chair Professor, Centre for Technology and Innovation, LIBA states that the “Uniqueness of the first-ever Online Executive program in AIMLA in India is that it offers prospective students not only an opportunity to learn through online lectures but also to interact with highly qualified academics through regular live online interactions. The course not only emphasizes on the complexities and nuances of the ever-increasing AI-based analytics but also imparts essential skills to modern-day corporate professionals to adapt to the digital environment to ensure seamless completion of courses.”

LIBA’s world-class Faculty Members with rich industry experience and international expertise shall teach specialized courses through upGrad’s platform. Graduating students will be able to understand the AIMLA environment; interpret, assimilate the information for making the best model of data; identify key issues in managing Big data, due diligence, and risk assessment of AI-related task; analyze different Machine learning models and business strategies for clients and companies, and be fully equipped to develop AI expertise relating to corporate worlds.

LIBA was recently ranked as the Number 6 Business School in India and among the Top standalone institutions by the Outlook B school Rankings 2020. 

Prof. P.C. Lakshmi Narayanan, Dean, LIBA  while welcoming the launch of the Online executive program in AIMLA observed, “Anyone who has followed the trajectory of LIBA for the past four decades will not be surprised at this innovative launch of the Online program. It befits its status and its inclusion in the Outlook B School Rankings. This recognition reflects the vision of LIBA – To be a premier management school focusing on excellence with ethics.   LIBA wants to create to strong imprint in the sphere of online education to cater to evergrowing needs of the corporate sector to upskill their managers in the emerging areas like Artificial Intelligence, Machine Learning, etc.”

Dr. Kishore Kunal, Chair Online Program, LIBA, observed, “For working professionals and young freshers who wish to further sharpen their skills in AI, ML and upgrading themselves to be superior corporate honchos, the Online executive program is a great opportunity to earn a world-class degree in emerging areas without compromising with your work. All professionals who hold a bachelor's degree but are unable to spend a full year in a residential program should choose the Online LIBA. program of LIBA.” 

Everyone with a bachelor's degree is eligible to apply for the Online Executive program in AIMLA, Health Care Management and the programs are ideal for individuals aspiring to enhance their knowledge and capabilities, as well as play a greater role in Corporate and in-house companies, both in India and abroad.

The Much-Awaited, Accessible Nokia 5.4 And Nokia 3.4 Launch In India, Alongside Nokia Power Earbuds Lite

* The new Nokia 5.4 brings out the creator in you with its upgraded 48-megapixel quad camera that stamps out shutter lag completely and professional colour grading that gives a cinematic feel to home movies and work videos. Combined with OZO spatial audio, the Nokia 5.4 is a creator’s perfect partner.

* The new Nokia 3.4, the all-rounder with Google Podcast that you can listen on the go to add a new dimension to yourself, offers a serious performance upgrade: triple rear camera with AI imaging, bigger screen, performance.

* The Nokia Power Earbuds Lite, for the music lover in you, offers an immersive sound experience and crystal-clear audio that goes on over a 35-hour play time, and can be worn worry-free outdoors, rain, or no rain, owing to its IPX7 water resistance rating.

* Nokia smartphones are number one in the 2020 brand trust rankings[i] and raise the industry benchmark for upgrading more affordable devices.

HMD Global, the home of Nokia phones, today announced the launch of Nokia 5.4, Nokia 3.4 and Nokia Power Earbuds Lite in India.

Powered by the Qualcomm® Snapdragon™ 662 processor, the Nokia 5.4 delivers more speed, longer battery life, better imaging and increased performance. The Nokia 5.4 comes with a 48MP quad camera and 16MP front camera with a ‘Cinema’ function that captures 24fps (the film industry standard) and allows users to shoot content in 21:9 cinematic format. Along with the OZO spatial audio, the Nokia 5.4 becomes the perfect partner for budding videographers looking for a seamless filming experience – whether capturing passion project or precious family moments. In addition, the immersive 6.39” (16.23 cm) HD+ punch-hole display provides more screen to enjoy. So, as more and more people turn their passions into cash or capture their family moments by simply using their phone, the Nokia 5.4 will be their perfect partner.

The Nokia 3.4 comes packed with a powerful processor – the newest Qualcomm® Snapdragon™ 460 – bringing you a strong performance upgrade at a more accessible price point. At an impressive 6.39” (16.23 cm) HD+ screen, it is the first in its series with a punch-hole display to give you extra screen real estate and a mighty triple rear camera with an ultra-wide lens and AI imaging. With Google Podcast integrated, you can listen in anytime, anywhere and add new dimensions to yourself – professionally or personally.

Both Nokia 5.4 and Nokia 3.4 come in a Finnish-inspired, brand-new contemporary colour – Dusk, in addition to other colours. Both phones are powered by the signature two-day battery life and come with the guarantee of three years of monthly security updates and two years of software upgrades, which means you’ll get more out of your phone, for longer. Finally, you can rest assured you have a phone that’s the number one globally in the 2020 brand trust rankings[i].

The Nokia Power Earbuds Lite comes with a premium Nordic design in a pocket-sized charging case in two Nordic-inspired colours: Snow and Charcoal, colours inspired by nature and packaging that’s made from 100% recyclable paper. Meant for music aficionados who love to be outdoors, the Nokia Power Earbuds Lite come with universal Bluetooth® compatibility and provide an immersive sound experience and crystal-clear audio. They fit perfectly and comfortably and can be controlled with simple taps. The 35 hours of play time ensures that you can be worry-free and enjoy music, indoors or outdoors, rain or no rain, for its IPX7 water resistance rating means it is sweat and water resistant for up to 1 metre for 30 minutes.

Sanmeet Singh Kochhar, Vice President, HMD Global:

“With this year’s first set of launches, we’re bringing to our fans unique propositions that can help them expand possibilities in their professional and personal lives; all in a value package that is not just accessible, but also lasts; from a brand they trust. I’m thrilled to launch the Nokia 5.4, the Nokia 3.4 and the Nokia Power Earbuds Lite in India.

The Nokia 5.4 is a creator’s smartphone with its 48MP quad camera and 16MP front camera that not only stamps out the shutter lag completely, but also comes with ‘Cinema’ mode that helps capture 24fps film industry standard videos in a 21:9 cinematic format. With OZO spatial audio, this is a delight for those who want to do more by simply using their phone. Looking at the success of its predecessor, I’m sure fans will love the new Nokia 5.4 even more.

The Nokia 3.4 is an all-rounder accessible smartphone that offers a serious performance upgrade over its predecessor and gives you more power, more screen and more freedom to push boundaries. Fans can listen in to Google Podcasts anytime, anywhere and add new dimensions to themselves – professionally or personally.

Finally, coming to this year’s first accessory launch: I have personally been asked by our fans about bringing more accessories to India, and so, it thrills me to bring the new Nokia Power Earbuds Lite to them, a complete music lovers’ gadget that goes on and on, irrespective of sweat and water owing to its IPX7 water resistance rating.”

Set your sights on something strong and beautiful

Thanks to superior build quality, the Nokia 5.4 and Nokia 3.4 look just as good on the outside as they do on the inside. All Nokia handsets undergo rigorous testing [[i]] to give you a phone that’s is tough and is built to last. Featuring a durable rear cover, the Nokia 5.4 is pocketable and easy to hold. On the other hand, the 3D nano-textured rear cover of the Nokia 3.4 sits securely in your hand. In addition, the fully recyclable die-cast metal chassis and seamless durable structure of Nokia 3.4 will give your phone the premium feel that everyone expects from a Nokia smartphone.

As for the Nokia Power Earbuds Lite, they are not just beautiful and pocketable, but come wrapped up in sustainable packaging made from 100% recyclable paper, taking the company one step closer towards reducing the environmental impact of its business and products.

Power for days, while staying secure and up to date

With a generous two-day[ii] battery life, the Nokia 5.4 and the Nokia 3.4 will be there for you and your family when you need them the most and will give you the freedom to do more. AI-assisted Adaptive Battery technology offers smarter app usage and prioritises power to the things that matter to you.

Built to last and secure the Nokia 5.4 and Nokia 3.4 are ready for Android™ 11 and beyond. With three years of monthly security updates and two years of software upgrades, you’ll stay secure and up to date for longer. Thanks to HMD Global’s commitment to excellence in this space, Nokia smartphones continue to lead, combining software and security updates with build quality to deliver a portfolio you can really trusti. 

For further peace of mind, the handy Family Link app will help to ease any worries over family members’ device usage, including the little ones. By allowing you to set digital ground rules on devices and monitor their usage, the app will help you to protect your family. In addition to this, you can count on Google Assistant to help whenever you need - just say “Hey Google”.

Variants, pricing and availability

The Nokia 5.4 will be available in Polar Night and Dusk colour options, in RAM/ROM variants of 4GB/64GB and 6GB/64GB at a recommended best buy price of INR 13,999 and INR 15,499 respectively. The Nokia 5.4 will be exclusively available on Nokia.com/phones and Flipkart starting 17th February.

The Nokia 3.4 will be available in Fjord, Dusk and Charcoal colour options, in a RAM/ROM variant of 4GB/64GB at a recommended best buy price of INR 11,999. The Nokia 3.4 will be exclusively available for pre-booking on Nokia.com/com starting 10th February, until it is available for purchase across leading retail outlets and online channels in India, including Nokia.com/phones, Amazon.in and Flipkart on 20th February.

The Nokia Power Earbuds Lite will be available in Snow and Charcoal colour options, at a recommended best buy price of INR 3,599. It will be available on Nokia.com/phones and Amazon.in starting 17th February.

Exciting offers on Nokia 3.4 and Nokia Power Earbuds Lite

Customers pre-booking the Nokia 3.4 on Nokia.com/phones can bundle it with Nokia Power Earbuds Lite to avail a discount of INR 1600. This offer is valid for the pre-booking period between 10th and 19th February.

Nokia 3.4 customers on Jio would be entitled to benefits worth INR 4,000. The benefits include instant cashback of INR 2,000 on the prepaid recharge of INR 349 plan and INR 2,000 worth vouchers from partners. This offer is applicable to new as well as existing Jio subscribers.

Both the above offers can be clubbed when purchasing on Nokia.com/phones.

Offer on Nokia 5.4

Nokia 5.4 customers on Jio would be entitled to benefits worth INR 4,000. The benefits include instant cashback of INR 2,000 on the prepaid recharge of INR 349 plan and INR 2,000 worth vouchers from partners. This offer is applicable to new as well as existing Jio subscribers.