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Bottomline: PE-owned Halonix's sales sputter but profit jumps; eyes new growth areas

Consumer

01 October, 2024

Bottomline: PE-owned Halonix's sales sputter but profit jumps; eyes new growth areas

Halonix Technologies Pvt. Ltd, a lighting products maker controlled by private equity firm TPG NewQuest, recorded a ......

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Bottomline: Incofin-backed Save Group back in black in FY24, but profit still a third of FY21

Finance

27 September, 2024

Bottomline: Incofin-backed Save Group back in black in FY24, but profit still a third of FY21

Save Solutions Pvt. Ltd (Save Group), which offers credit in rural areas of India, returned to the black on a ......

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Bottomline: InCred Finance's profit zooms as loan book jumps above $1 bn

Finance

26 September, 2024

Bottomline: InCred Finance's profit zooms as loan book jumps above $1 bn

Non-bank lender InCred Financial Services Ltd more than doubled its profit and grew its assets under management at a ......

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Bottomline: Finova Capital's asset quality worsens even as profit rises

Finance

24 September, 2024

Bottomline: Finova Capital's asset quality worsens even as profit rises

Non-bank lender Finova Capital continued to be troubled by asset quality risks in FY24 even as the company sustained an......

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Bottomline: InvAscent-backed Malladi Drugs seeks to step up growth with potential IPO in sight

Healthcare

23 September, 2024

Bottomline: InvAscent-backed Malladi Drugs seeks to step up growth with potential IPO in sight

Malladi Drugs and Pharmaceuticals Ltd, which is backed by healthcare-focused private equity firm InvAscent, is seeking ......

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Bottomline: NIIF-controlled Ayana loses momentum as revenue growth slows, profit slumps

Infrastructure

20 September, 2024

Bottomline: NIIF-controlled Ayana loses momentum as revenue growth slows, profit slumps

The financial year 2023-24 was not a particularly fruitful one for green energy company Ayana Renewable Power Pvt Ltd as......

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Bottomline: Warburg-backed Biba's business faces same old growth pangs

Consumer

19 September, 2024

Bottomline: Warburg-backed Biba's business faces same old growth pangs

Biba Apparels, which is backed by private equity firms Warburg Pincus and Faering Capital, is facing severe growth pangs ......

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Xponentia-backed The Souled Store back to profit as product mix, lesser marketing spends pay off

Consumer

18 September, 2024

Xponentia-backed The Souled Store back to profit as product mix, lesser marketing spends pay off

Direct-to-consumer pop-culture apparel brand The Souled Store, which is backed by several private equity players such as......

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Bottomline: PE-backed IndiQube comes within stone's throw of FY24 revenue target

Infrastructure

17 September, 2024

Bottomline: PE-backed IndiQube comes within stone's throw of FY24 revenue target

WestBridge Capital-backed flexible office space provider IndiQube, which was believed to be in talks with bankers for a ......

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Bottomline: PE-owned HDFC Credila's FY24 profit jumps as loan growth sustains

Finance

13 September, 2024

Bottomline: PE-owned HDFC Credila's FY24 profit jumps as loan growth sustains

HDFC Credila Financial Services, which recently came under private equity ownership, has sustained the pace of its ......

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