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The Indian Alert announces the 10 most successful business leaders under the age of Forty

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Most people are inspired by entrepreneurs from different industries who have been extremely successful in their respective fields and have made a mark for themselves. This article is about the 10 Most Successful Business Leaders under The Age of Forty by The Indian Alert powered by Digisharks Communication.

1. Rikant Pitti – COO and Co-founder of EaseMyTrip Rikant Pitti is one of the youngest entrepreneurs of India, who, along with his brothers, Co-founded EaseMyTrip in 2008. B.Tech from Kurukshetra University, he had an insatiable hunger to grow and make a mark in the space of travel. Given his passion and innovative mind, he has contributed earnestly to leading the company towards progress. His thorough knowledge, passion for travel, and systematic approach in integrating travel and e-commerce have made EaseMyTrip a big brand among the sophisticated travel enthusiasts of India. With his multitalented personality, being a tech wizard, a strong people person, his innovative ideas, reviving approach, Rikant has created a distinct identity by carving a niche in the online travel & tourism industry, the 2nd largest OTA in India.

2 Nishit Nanda – ED, Consumer Business, Khimji Jewels & CEO youlry.com

Nishit is a technophile who loves all things virtual, cloud and code-driven. Having a degree in Computer Science, he positively disrupted the jewellery business’s age-old ways by introducing accountability, data democracy, and technology-led initiatives. The resulting pursuit yielded youlry.com – a brand born in the cloud during an era of the internet-of-value. This young leader created a confluence between the world of logic and emotions, adding to the exceptional experiences that are holistic and unparalleled within the jewellery retail D2C sector. His unwavering focus characterizes the core approach of Nishit when it comes to meeting, tackling, and surpassing one milestone after another in the complex gems and jewellery retail D2C sectors.

3 Utsav Dar – Founder, Dar Fabtory Productions, Incubate Finance and DigiMaaya (Fintech)
A multi-faceted personality with few ventures hand in hand, Utsav Dar is a bold visionary with two decades of result-oriented, driving business of multiple organizations leading to over 350 million USD in revenue. Currently, his focus is the Dar Fabtory Productions (Media Production), Incubate Finance (Decentralized Finance), and DigiMaaya (Fintech). He loves the community welfare role as a Treasurer in the Kashmiri Pandit Association Est. in 1939. An alumnus of the prestigious University of Delhi, Amity, and Massachusetts Institute of Technology, Boston, he specializes in tech overhauling for legacy businesses. His expertise in Blockchain, Consensus Mechanisms, Metaverse concepts, and Fin-tech makes him a young business leader impacting the emerging tech space in the global start-up ecosystem.

4 Paras Lohani – Founder & CEO, B2B Sales Arrow LLC
A visionary in his ideas, Paras is stimulating the rapid growth of B2B Sales Arrow, a research-based digital technology organization founded in the year 2012. He believes in nurturing business with passion and entrepreneurship stuck when he was deeply impacted by philanthropic news. He knew that to bring a massive change in society, he needed to develop a sustainable business to give back to the community. His idea of transforming is to stand out from the rest, focusing on human intelligence, technology, and values. With a Bachelor in Engineering and a PG in Digital Marketing Transformation from IIM, he has an unquenchable thirst for knowledge and innovation to change industry trends and take humanity forward.

5 Ishaan Bahl – CEO & CFO 145 by Risa Hospitality With Honors from USC Marshall School of Business, Ishaan, a Millennial Restaurateur, entered the Mumbai F & B terra with a millennial approach. He conceptualized 145 on a tattered notepad while shadowing his restaurateur father in 2015. His core idea was to create a space millennial cool enough to hang out with fun elements, referring to his note of all the exciting meals he ate as a student in Los Angeles. The vision of 145 has expanded to being a space that millennials can call their own, sensitive to pricing but also aware that a good menu will find appreciation. Ishaan believes he has grown with his customers and says the business model’s roots are instilled in the pulse of the millennials, and the brand continues to grow with them.

6 Ambarish Ray – Co-Founder & CEO, Digital Dogs Content and Media

Two decades of experience in founding ventures across technology, communications, and experience design, Ambarish is an active investor and mentors with start-up nurturing ecosystems. His recent venture is Digital Dogs Content and Media, which endeavours to create, broadcast, and distribute authentic content with the intent of building change-ready and results-driven cultures across sectors. Ambarish is also actively engaged in writing, travelling, and sharing his experiences with young people. He has been a faculty member at the RD. National College of Arts & Commerce, the UPG College of Management in Mumbai, and other B and C schools on subjects like Strategic Planning, Agency Management, Advertising, and Brand Management.

7 Vassundara Nattes – Co-Founder Aeliuscity HR Solutions
First-generation Tech-Entrepreneur, an Engineering Graduate from Anna University, Chennai, hails from a small town, Erode in Tamil Nadu, Vassundra, Co-founded Aeliuscity HR Solutions in the year 2018. The wide range of expertise across domains like technical recruitment, vendor management, consulting, market strategy, Business strategy, and performance marketing was instrumental in making her jump into entrepreneurship. Vasundhara holds a prominent position as a Project Management Consultant in AHMSSC, Ministry of Skill Development & Entrepreneurship. Her efforts have led to Aeliuscity HR becoming a key stakeholder in the Human Resource Outsourcing and upskilling of India’s largest workforce. She is an HR expert, and her passion is working in the field of Unemployment and Education with other able-bodied in the Indian ministry.

8 Raghavendra Gowd – Founder Soham Ayur Yoga Ashram
Raghavendra Gowd, considerate of the stressful corporate world as an HR professional, decided to venture into wellness, and today, he is popularly known as Sri Soham Guruji. He is one of India’s most successful travelling Wellness and Yoga Entrepreneurs. He founded Ayur Yoga Ashram, which attracts wellness enthusiasts nationally and internationally. The Ashram headquarters in India has international branches in Egypt, USA, Lithuania and is in the expansion phase to international locations. Sri Soham is also the CEO of readBest Canada, incorporated for assisting ADHD and Learning Disability students in their studies. He designed and successfully implemented projects like WOW (Wellness on Work), Sound of Silence, Living Yogi, and projects that have helped people, including celebrities worldwide.

9 Kunal Patel – Co-Founder, 7Ink Brews
Inspired by his father, business for Kunal began at home. As a school kid, he sold a Pokemon card thrice its price. With a firm belief that opportunities get killed in a closed room, business needs the freedom of imagination. Kunal turned every situation into a lucrative deal and embarked on his entrepreneurship journey soon after his graduation. He ventured into the garment segment, which became like a crash course in how to run a business, and decided to join Monika Enterprises in 2013 and co-founded 7Ink Brews. He expanded the business to represent international liquor brands in India. With the success of launching international liquor brands, his focus is building a portfolio in offering the best in quality. Today Kunal has more than 40 international brands that trust him, who they represent in India.

10 Prashant Maurya – Co-Founder, Spheron
Prashant is a complete Techno-Geek who created Spheron’s successful protocol. Users have full decentralization of the web and control of the personal data from large tech giants. It allows users to host their websites and applications on leading blockchain-based decentralized storage networks in the fastest, easiest, and most affordable way possible. Spheron’s triumphant protocol has projects executing successful deployments and dealing with a large user base. Prashant has successfully managed to get top experts globally. As an entrepreneur, he makes sure he is a good team player and gives his team members freehold. He fosters a love for work rather than just money, which drives the protocol’s success.

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Nepalese Tycoon Binod Chaudhary who sold ‘WaiWai’ plans to list India unit by 2026

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The firm, boasting a 28% share in the local instant noodles market and generating an annual revenue of 8 billion rupees ($96.2 million), is in preliminary talks regarding its listing plans. The aims is to achieve a 15% revenue growth this year.”

Nepalese billionaire Binod Chaudhary, who made his fortune selling instant noodles, is seeking to list his conglomerate Chaudhary Group’s India food unit by 2026. The Gurgaon-based firm, known for its Wai Wai brand of noodles that rivals market leader Maggi from Nestle Ltd. and ITC Ltd.’s Yippee, “would be ready to go for a sizable listing” in the next two years after rolling out new products and acquiring smaller firms in the noodle-related industry, Manvendra Shukla, global chief executive officer at CG Foods India Pvt., said in an interview. He didn’t share any other details. The listing plans for the firm, which has a 28 per cent share in the local instant noodles market and an annual revenue of Rs 8 billion ($96.2 million), are still in the early stages of discussion, he added. It aims to grow its revenue by 15 per cent this year.

CG Foods India’s initial public offering plans follow a rush among foodmakers, including packaged food products maker Gopal Snacks Ltd. and animal protein maker Mukka Proteins Ltd., that have gone public in the past year. The sector has seen the second-highest number of IPOs in India in the past 12 months, data compiled by Bloomberg News show. The mini-IPO boom is being fueled by investors attracted to India’s relative political stability and its status as the fastest-growing major economy amid the slowing pace of expansion in China.

The noodle maker, however, is not rushing to list and plans to bolster its market share and product portfolio first. The company is also looking to buy smaller companies that make seasonings, dips or ketchups, Shukla said.

‘Not Replicated’ Chaudhary Group launched the Wai Wai noodle four decades ago in Nepal’s capital Kathmandu, and has since grown to become India’s third-largest brand. Wai Wai is known for its preseasoned noodle — it comes with a layer of spice in addition to the seasoning pouches in the packet — which means it can also be munched on as a snack without cooking it. “We have something which is not replicated yet in the market,” Shukla said. CG Foods India currently has seven plants across the country, with Nepal and India contributing over 80 per cent to the group’s food sales. The firm expects to add production lines as volumes continue to grow in India where sales of snacks and soft drinks almost tripled over the past decade in India, exceeding 30 billion dollars. It launched two flavors last month, including a spicier variant called Dynamite, inspired by the Korean cuisine. More products are in the pipeline, including healthier noodle options, according to Shukla.

“It is a flavor battle,” he said.

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Summer Sizzles, Sales Rise, Indian Consumer Firms Gear Up

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Blue Star intensifies its product offerings with a plethora of new home air conditioner models, targeting a remarkable 25% revenue boost in the air conditioning segment, led by Managing Director B. Thiagarajan.

As temperatures soar across India, consumer goods companies are gearing up for what promises to be an exceptionally hot summer. With forecasts predicting an increase in heatwave days, reaching temperatures of at least 40 degrees Celsius in the plains, from April through June, businesses are seizing the opportunity to meet the rising demand for cooling solutions.

Blue Star, a leading appliances maker, has launched a myriad of new home air conditioner models to cater to the anticipated surge in demand. Managing Director B. Thiagarajan aims for a substantial 25% revenue growth from the air conditioning segment, a significant jump from last year’s 5%.

Similarly, renowned ice cream brand Baskin Robbins is rolling out 20 new products in India ahead of the scorching summer months.

Analysts foresee a substantial impact on consumer discretionary spending, particularly on products like air conditioners, fans, refrigerators, and cooling appliances. This surge in demand is expected to reflect robust growth numbers for the first quarter of the fiscal year for companies operating in this sector.

Traditionally, less than 10% of Indian households own air conditioners, but the combination of the hotter summer forecast and new product launches is expected to drive up this figure. Many first-time buyers are entering the market, driven by the desire for temperature-controlled comfort, particularly in light of the extreme temperatures experienced in various parts of the country.

Advertising expenditure is also on the rise, with companies like Blue Star and Baskin Robbins significantly increasing their budgets to capitalize on the heightened demand. Television and online advertising are key avenues for reaching consumers during this period.

Beyond manufacturers, delivery and service providers are also experiencing a surge in demand. Grocery delivery apps like Zepto, Swiggy, and Zomato’s Blinkit are witnessing increased orders for hydrating fruits, beverages, and ice creams as consumers seek relief from the heat.

With the summer months typically leading to increased beer consumption, breweries are gearing up for heightened production and distribution challenges. Carlsberg India’s Managing Director Nilesh Patel highlights the need for careful planning to meet the rising demand.

While the harsh weather may drive up vegetable prices and potentially curtail outdoor spending, analysts anticipate that consumers will continue to indulge in small luxuries like cold beverages and ice cream to find relief from the heat.

Overall, Indian consumer goods companies are bracing themselves for a lucrative summer season, with both manufacturers and service providers working tirelessly to meet the heightened demand for cooling products and refreshments.

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Aerospace parts maker JJG Aero raises $12 mn to hike capacity

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Bengaluru-based aerospace components manufacturer, JJG Aero, has secured USD 12 million (Rs100 crore) in inaugural funding from CX Partners which will be used primarily to increase its new facility’s manufacturing capacity, further vertical integration and other corporate initiatives.

Established in 2008, JJG Aero specializes in manufacturing build-to-print high-precision machined components, with in-house special process finishing capabilities. The funding comes at a time when the aerospace supply chain is facing all-time high demand from aircraft manufacturers, which legacy vendors in the Western world are struggling to meet. The global geopolitical issues, economic stability and Government support make India ideally placed to benefit from this deal.

The company has spent a decade in building best-in-class capabilities, processes, compliance standards, and customer relationships and obtaining requisite approvals and certifications, and we are now in the right place to grow rapidly. Anuj Jhunjhunwala, CEO, JJG Aero sees the company’s strengths and value proposition enabling them to emerge as a key player in the aerospace ecosystem. “India has emerged as an attractive destination for sourcing components and parts by global leaders and we are excited to be selected by so many marquee clients as a strategic growth vendor” says Jhunjhunwala. This investment will enable JJG Aero not only to continue on its growth path through capacity addition but also to upgrade the quality of earnings by focusing on higher value-added components.

Vivek Chhachhi, Managing Partner, CX Partners also notes that with its foray into the manufacture of aero-engine components, JJG Aero is well-positioned to capitalize on these opportunities and further solidify its presence in the market.

From simple 2-axis to complex 5-axis machining, JJG Aero offers a wide range of manufacturing services, complemented by over 30 NADCAP-approved special processes, including electroplating, anodizing, paint, and NDT. Moreover, the company provides assembly, testing, and other value-added services to its esteemed client base.

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Tesla eyes India market as Elon Musk makes bold AI prediction

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In a recent X Spaces session with Nicolai Tangen, CEO of Norges Bank Investment Management, Tesla CEO Elon Musk emphasized the importance of electric vehicles (EVs) in India, stating that it’s a natural progression for every country to embrace them. Musk highlighted India’s status as the most populous country globally and stressed that electric cars should be accessible to Indian consumers like they are in other parts of the world.

Musk’s comments coincide with Tesla’s intensified efforts to expand its presence in the Indian market. Sources reveal that the state governments of Maharashtra and Gujarat have extended enticing land offers to Tesla for the establishment of a cutting-edge EV manufacturing plant. The proposed investment for this venture ranges between USD 2 billion to USD 3 billion, demonstrating Tesla’s commitment to both domestic and international markets.

This move aligns with India’s new EV policy, which aims to attract investments from global EV manufacturers and promote the adoption of advanced EV technology among Indian consumers. The policy emphasizes the importance of domestic value addition (DVA) and sets specific localization targets for manufacturers establishing operations in India.

To incentivize investment, the government has introduced measures such as customs duty exemptions and import quotas for EVs based on the level of investment made by manufacturers. These initiatives aim to position India as a preferred destination for EV manufacturing and contribute to the country’s Make in India initiative.

In anticipation of these developments, Tesla plans to dispatch a team of experts to explore suitable locations across India for the proposed manufacturing facility. Musk’s previous statement about visiting India in 2024 further underscores the company’s eagerness to enter the Indian market and collaborate with local stakeholders.

Tesla’s expansion into India represents a significant step forward in the global EV landscape and underscores the company’s commitment to sustainable transportation solutions. With India poised to become a key market for electric vehicles, Tesla’s entry is expected to drive innovation and accelerate the adoption of EVs in the country.

As the electric vehicle market continues to evolve, Tesla’s entry into India holds the potential to reshape the automotive industry and contribute to India’s transition towards a greener and more sustainable future.

Tesla’s entry into the Indian market not only signifies a pivotal moment for the country’s automotive industry but also presents an opportunity for Tesla to capitalize on India’s growing demand for electric vehicles. With the Indian government’s focus on promoting clean energy initiatives and reducing carbon emissions, Tesla’s electric vehicles align perfectly with India’s sustainable development goals.

Moreover, Tesla’s presence in India is expected to stimulate job creation and economic growth, particularly in the manufacturing sector. The establishment of a state-of-the-art manufacturing plant will not only provide employment opportunities for local residents but also foster the development of ancillary industries and supply chains.

In addition to manufacturing, Tesla’s entry into India is poised to catalyze advancements in EV infrastructure and technology. As Tesla vehicles become more accessible to Indian consumers, there will be a corresponding need for charging infrastructure and support services. This presents opportunities for collaboration with local businesses and government agencies to build a robust EV ecosystem.

Furthermore, Tesla’s entry into India could spur competition and innovation in the domestic automotive market, encouraging other manufacturers to invest in electric vehicle technology. This competition could lead to advancements in battery technology, vehicle performance, and affordability, ultimately benefiting consumers.

Overall, Tesla’s decision to establish a manufacturing presence in India reflects the country’s growing importance in the global automotive industry and underscores India’s potential as a key market for electric vehicles. As Tesla’s footprint expands across the country, its impact on India’s economy, environment, and technological landscape is expected to be profound.

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Air India, BIAL Partner to Create South India’s Top Aviation Hub

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Air India and Tata Group airlines will partner with BIAL to improve airport services and connectivity at Bengaluru’s Kempegowda International Airport, including setting up an exclusive lounge for premium passengers.

Air India and Bangalore International Airport Limited (BIAL) have entered into an agreement aimed at bolstering Bengaluru’s status as a premier aviation hub for southern India. The collaboration seeks to enhance air travel connectivity to and from India over the next five years.

Under the agreement, Air India, along with other Tata Group airlines such as AIX and Vistara, will work closely with BIAL to improve international connectivity, operational efficiency, and passenger experience at Kempegowda International Airport, Bengaluru (KIAB or BLR airport). This includes plans to strengthen the group’s presence at the airport and establish a dedicated domestic lounge for premium and frequent travelers of Tata Group airlines.

Furthermore, Air India has signed a memorandum of understanding (MOU) with the Government of Karnataka to develop maintenance, repair, and overhaul (MRO) facilities at the Bengaluru airport. This partnership aims to stimulate the MRO ecosystem and create over 1,200 new job opportunities in the state.

Campbell Wilson, CEO and MD of Air India, emphasized the importance of airline-airport synergy in enhancing customer experience and operational efficiency. He expressed enthusiasm for strengthening Air India’s relationship with BIAL and expanding its presence at the airport, as well as establishing a major MRO center.

Hari Marar, MD and CEO of Bangalore International Airport Limited, highlighted the BLR airport’s commitment to becoming the international gateway in Southern and Central India. He stated that the collaboration with Air India aligns with the Ministry of Civil Aviation’s vision of developing Indian airports as hubs and aims to enhance the passenger experience. Marar also expressed ambitions to capture a significant share of long-haul routes from Bengaluru Airport over the next five years.

In related news, Air India announced the appointment of Jayaraj Shanmugam as its Head of Global Airport Operations, effective April 15. Shanmugam, who previously served as the chief operating officer (COO) at BIAL, brings extensive experience to his new role.

The collaboration between Air India and BIAL represents a significant milestone in the transformation of Bengaluru into a key aviation hub in the region. By leveraging each other’s strengths and resources, the partnership aims to not only enhance air connectivity but also contribute to the economic growth of Karnataka by generating job opportunities through the establishment of MRO facilities.

Jayaraj Shanmugam’s appointment as the Head of Global Airport Operations further solidifies Air India’s commitment to optimizing its airport operations and providing a seamless travel experience for passengers. His extensive experience in airport management, coupled with his previous role at BIAL, positions him well to drive operational excellence and efficiency within the airline.

As the aviation industry continues to evolve, alliances between airlines and airports are becoming increasingly vital to meet the growing demands of travelers and enhance overall competitiveness. The strategic collaboration between Air India and BIAL sets a precedent for future partnerships in the aviation sector, emphasizing the importance of cooperation and synergy to achieve common goals.

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March sees strong growth in Indian pharma market, up by 9.5%

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The Indian pharmaceutical market (IPM) experienced a notable 9.5 percent increase in sales in March, reflecting robust value growth across various therapy segments, except for respiratory. According to data from research firm Pharmarack, all therapies demonstrated positive value growth, contributing to the overall expansion of the market.

Sheetal Sapale, Vice President-Commercial at Pharmarack, noted that while many pharmaceutical companies showed double-digit value growth, unit growth remained a challenge. The growth in sales during March was primarily driven by value growth and new introductions, particularly in the anti-diabetic segment.

Several factors contributed to the uptick in sales, including new product introductions and patent expiries. For instance, there were multiple launches in the hematinic market following the loss of exclusivity rights for iron supplement Orofer FCM in October 2023. Additionally, patent expiries for drugs like Linagliptin and Dulaglutide further fueled competition in the anti-diabetic segment.

In March, Alkem emerged as one of the few companies reporting positive unit and value growth, with a 15.1 percent increase in value and an 11.3 percent increase in units sold. Other key players such as Cadilla, Fourrts, and Natco Pharma also witnessed double-digit value and unit growth during the month.

The top-selling medicine brands in March included Glaxo Smith Kline’s Augmentin and USV’s Glycomet GP, with Augmentin achieving sales of Rs 73 crore. Despite facing challenges in unit growth, Augmentin reported a 10 percent increase in value sales. Mankind’s Manforce condom brand retained its position as the third top-selling brand, despite negative unit and value growth.

Cipla’s Foracort inhaler maintained its fourth position in the respiratory segment, with sales totaling Rs 50 crore. Abbott’s Type 2 diabetes/weight management drug Rybelsus demonstrated remarkable growth, with a double-digit value growth rate of 7 percent and a staggering 75 percent increase in units sold in March.

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