Home Blog Page 241

India-Mexico Trade Corridor: Credlix Launches India Sourcing to Strengthen Bilateral Trade and Financing for Mexican Manufacturers

Credlix, a global fintech platform for cross-border supply chain financing, has announced the launch of its India-Mexico Connect service. This new offering enables Mexican buyers to source industrial products directly from Indian manufacturers via the deep B2B network of Moglix-Credlix’s parent company-while accessing seamless, collateral-free trade financing.

This marks the first time an Indian B2B startup is introducing such a service in Mexico, strengthening collaboration between Mexican importers and Indian exporters, and accelerating supply chain diversification for Mexican businesses.

Credlix announces the launch of its India-Mexico Connect service at the IndMex Chamber

The service was formally introduced at the IndMex Chamber event hosted by the Embassy of India in Mexico on Thursday, June 19, in the presence of H.E. Pankaj Sharma, Ambassador of India to Mexico. Organized by the Trade and Commerce Council of India and Mexico (IndMex), the event convened key stakeholders from business, trade, and diplomacy to foster stronger bilateral ties.

“With the launch of India Sourcing for Mexico, we are enabling a new chapter in India-LATAM trade,” said Rahul Garg, Founder & CEO of Moglix and Credlix.“As Mexico grows as a nearshoring hub and India expands its manufacturing base, this initiative bridges both supply and capital gaps, creating stronger global value chains.”

Ambassador Dr. Pankaj Sharma, along with Daniel Becker Feldman, CEO of Banca Mifel, emphasized the shift from diplomatic goodwill to concrete business outcomes. Dr. Sharma reiterated the growing momentum in bilateral cooperation and stressed the importance of enabling tangible economic engagement.

Becker Feldman highlighted Mexico’s untapped potential in digital finance, noting that “over half of Mexican transactions remain cash-based,” and praised India’s digital payments infrastructure as a model Banca Mifel already leverages.

Through India-Mexico Connect, Mexican buyers can access a wide range of industrial products-including automotive components, engineering goods, chemicals, bulk packaging, textiles, and electronics-from over 20,000 Indian suppliers in the Moglix network. Backed by Credlix’s invoice-based export financing, these imports are eligible for up to 90% working capital at the time of shipment, all without collateral.

The platform addresses long-standing challenges such as payment security, sourcing complexity, and limited access to trade finance. By integrating procurement and financing into a digital-first platform, it delivers a frictionless cross-border trade experience.

Aligned with global trends such as China+1 diversification, nearshoring, and Indo-Pacific economic cooperation, this initiative aims to rapidly grow the relatively smaller USD 11 billion trade between India and Mexico, which stands in sharp contrast to Mexico’s USD 120 billion trade with China. India-Mexico Connect positions India as a reliable sourcing partner and Credlix as the financial backbone of this evolving trade corridor.

Credlix
Credlix is a global supply chain financing platform that enables SMEs to access fast, collateral-free working capital. With operations across India, the United States, Mexico, and the UAE, Credlix helps businesses scale sustainably and thrive in global markets.

Fairexpay and PhysicsWallah’s Acadfly Partner to Provide Student Remittances for Overseas Education

In an attempt to change the way students transfer funds for education and living expenses abroad, Fairexpay has partnered with Acadfly, the study-abroad program of PhysicsWallah. This partnership will try to digitalise the remittance journey to make international money transfers easier and cost-effective for students and their families.

Fairexpay has partnered with Acadfly, the study-abroad program of PhysicsWallah

Outward remittances under the Liberalised Remittance Scheme (LRS) for resident individuals studying abroad amounted to US$ 3,500 million during the fiscal year 2023-24. This figure is expected to grow further in the coming year, as increasing number of Indian students may be opting for international education and rising tuition and living costs abroad.

A number of these students face significant hurdles in sending money abroad. Common issues include multiple visits to banks, forex costs, several to-and-fro documentation, and delays in processing, adding unnecessary stress to students and their families, impacting their overall study abroad experience.

Fairexpay, with its expertise in cross-border remittances, wants to leverage Acadfly’s student outreach to enable students to remit tuition fees and living expenses with less effort via a platform that aims to ensure compliance, speed, and lower costs, which may eliminate hidden charges and try to cut down on long processing times.

We are thrilled to collaborate with Acadfly in trying to reshape the student remittance ecosystem. This partnership will try to not only simplify the remittance process but also help students save on forex costs, making education more accessible even globally,” said Saurabh Jain, CBO at Fairexpay.

This move will try to align with Acadfly’s attempt at trying to provide end-to-end solutions for students and help to make their international education journey as seamless as possible.

At Acadfly, we try to enhance the student experience. By partnering with Fairexpay, we are trying to offer a streamlined, cost-efficient, and hassle-free remittance solution that will also try to align with our attempt to support students pursuing education abroad,” said Gaurav Kumar, Associate Vice President at Acadfly, the study-abroad program of PhysicsWallah.

With Fairexpay’s platform and Acadfly’s student outreach, this partnership is trying to provide not just convenience but also cost savings, reinforcing both companies attempts to provide innovation and financial empowerment in the education sector.

About Fairexpay

Fairexpay is a leading financial technology company specializing in digital payment solutions that enable seamless, secure, and cost-effective cross-border transactions. With a focus on innovation and customer experience, Fairexpay is committed to breaking down barriers in international finance through its state-of-the-art digital platform.

About PhysicsWallah (PW)

PhysicsWallah (PW), an education platform, was founded in 2020 by Alakh Pandey and Prateek Maheshwari. Headquartered in Noida, Uttar Pradesh, PW aims to democratize education through online, offline and hybrid platforms. Initially launched as a YouTube channel in 2016, PW now offers education to students through its YouTube channels, including vernacular languages. PW aims to create a hybrid education ecosystem in the country by establishing tech-enabled offline and hybrid centres in cities nationwide. PW’s offerings span various educational segments, including test preparation, a skilling vertical, higher education, and education abroad. PW has raised funding from investors, including Hornbill Capital, Lightspeed Ventures, Westbridge and GSV Ventures.

Hisense Ignites Global Football Fever in India with FIFA Club World Cup 2025™

Hisense, a global leader in consumer electronics and official partner of the FIFA Club World Cup 2025™, is lighting up the world’s biggest sporting arenas with its bold pitch-side message “HISENSE 100″ TV, GLOBAL No.1.” The message, prominently displayed across FIFA Club World Cup 2025™ stadiums, highlights Hisense’s leadership in large-screen and MiniLED display technologies.

Hisense and FIFA World Cup 2025

According to Omdia Q1 2025 data, Hisense ranks No.1 globally in 100-inch and above TVs (56.7%) and MiniLED TVs (29.3%), validating its dominance in the premium TV category. The brand has maintained its leadership in the 100″+ TV segment consistently across 2023, 2024, and Q1 2025.

As the Official Partner of the FIFA Club World Cup 2025™, Hisense is leveraging the global stage to deepen its emotional connection with fans and enhance brand visibility. In line with this global momentum and its commitment to sports and entertainment enthusiasts in India, Hisense has also launched its latest smart TVs -U7Q Mini-LED and E7Q Pro.

We are proud to bring the energy of the FIFA Club World Cup 2025™ and the excitement of global football fever into Indian homes. With AI-powered picture processing, premium gaming-centric features, and immersive display technologies, we’re delivering a stadium-like experience that resonates with sports lovers and families alike,” said Mr. Pankaj Rana, CEO, Hisense India.

Hisense India continues to invest in long-term growth. Its product portfolio includes TVs, refrigerators, air conditioners, washing machines, and more. The brand is also building strong retail partnerships across the country.

About Hisense India

Hisense India is a subsidiary of Hisense Group, a global leader in consumer electronics and home appliances. With a presence in over 160 countries, Hisense is known for its innovation, cutting-edge technology, and high-quality products spanning televisions, refrigerators, air conditioners, washing machines, and more.

Globally, Hisense holds the No.1 position in the 100″ TV category (Source: Omdia 2023-24). Committed to delivering exceptional value and world-class experiences, the brand is focused on product innovation and manufacturing, robust retail partnerships, and long-term growth in the market.

For more information, please visit: www.hisenseindia.com.

Shy to Strong: The Art of Living Transforms Girls’ Lives in Karnataka & Maharashtra

In the quiet lanes of Haveri and the bustling neighborhoods of Dharavi and Kalyan, an inspiring story of transformation is taking shape. Rooted in the vision of Gurudev Sri Sri Ravi Shankar, a revered humanitarian and spiritual leader, The Art of Living – through its Social Projects arm and in collaboration with Ashirvad Pipes by Aliaxis – is enabling hundreds of young women from underserved communities with practical skills and helping them step boldly into their future.

Soft skills, strong squad

From 2024 to 2025, this transformative initiative has trained 375 women across Karnataka and Maharashtra – reaching those from underserved communities with little to no access to such opportunities.

What makes this initiative remarkable isn’t just the curriculum – it’s the confidence it instills.

At the core of the initiative is the Youth Leadership Training Program (YLTP) – a game changing blend of ancient wisdom and modern tools. Through Sudarshan Kriya, yoga, and meditation, participants develop inner resilience and emotional strength. These practices are complemented by interactive sessions on leadership, communication, and confidence-building, nurturing both personal growth and community awareness.

Jayashree Koppad finds independence through a telecalling job

In addition to inner transformation, the programme offers practical, job-oriented training in spoken English, basic computer literacy, Tally accounting software, and customer service. This integrated approach equips women with the mindset and competencies needed to step into roles such as office assistants, front desk executives, and customer service representatives, setting them firmly on the path to economic independence.

Stories of Change: Voices from the Ground

Vidyashree Nyamati

A diploma holder and mother of two, Vidyashree once set aside her career dreams for family responsibilities. Yet her determination never faded. Walking 15 kilometres daily to attend the centre, she embraced every opportunity the programme offered. Today, she leads as the Centre Coordinator in Haveri, a role she earned through grit and grace.

I still remember buying myself a new dress with my first salary, just in time for Eid,” she shared with a smile. “It was a proud moment for me and my family.”

Jayashree Koppad
After completing the programme, Jayashree began working part-time as a Telecaller at BMS Electronics. With her income, she now supports her education while easing the financial burden on her parents, marking her first step toward independence.

Salma Bidari
Salma, once held back by family restrictions, is now a Computer Operator and Receptionist. Her first salary brought tears of joy to her mother and shifted her family’s perspective – from hesitation to pride and respect.

Saniya Hosmani
Now working at a Dish TV office, Saniya serves customers with grace and confidence. “I am living a dream right now,” Saniya says. For the first time, she bought Eid gifts for her family – a moment of joy she described as “beyond words.”

Meenakshi
At Mahaveer Automobiles, Meenakshi handles the front desk with quiet efficiency and reliability. Her role has not only brought financial stability to her home but also made her a pillar of strength for her family.

Behind the scenes, facilitators like Savitri Amma nurtured the womens journeys. “These girls arrive shy and hesitant. Within months, they’re speaking up, leading groups, and dreaming bigger,” she says. “It’s been a joy to witness.”

To ensure long-term success, the women received prestigious certifications from the National Skill Development Corporation (NSDC), Ashirvad Pipes, and Sri Sri Rural Development Programme Trust (SSRDP) – an NSDC approved training partner. The results have been heartening: 202 women have received job offers, and all 375 have received dedicated placement assistance.

Project Coordinator Ketki Vaidya captures the spirit of the mission: We’re not just teaching skills here. We’re building a generation of women who believe in themselves. They’re no longer just students – they’re leaders.

This initiative exemplifies what’s possible through holistic training, community engagement, and a deep belief in human potential. It also reflects the strength of corporate collaboration in delivering measurable social impact. Equally essential has been local support. Community leaders like Bharathi Jambigi have helped ensure participant safety and encouragement throughout the journey.

With more centres planned across India, this movement is not just transforming individual lives – it’s setting in motion a ripple of change that uplifts families and transforms communities

And this is just the beginning.

About The Art of Living Social Projects – SSRDP

Sri Sri Rural Development Program (SSRDP) is dedicated to uplifting rural communities across India. Inspired by the teachings of Gurudev Sri Sri Ravi Shankar, initiatives leverage sustainable technologies, value-based education, and strategic partnerships to empower farmers, enhance livelihoods, and foster a balanced, prosperous environment.

Follow: www.instagram.com/artofliving.sp

Like: www.facebook.com/artoflivingsocialprojects

Post: x.com/artofliving_sp

Message: www.linkedin.com/showcase/artofliving-sp

Sequretek Ensures Every Asset Matters with the Launch of Percept CTEM

Sequretek, a global leader in AI-powered cybersecurity solutions, today launched its latest SaaS innovation: Percept CTEM. This groundbreaking platform aims to eliminate surprises by offering complete visibility into every asset within an organization, providing a proactive and predictive approach to managing risks.

Guided by the philosophy that every asset matters, Percept CTEM ensures continuous threat exposure management across the entire digital attack surface, recognizing that even a small, seemingly insignificant asset can be the entry point for a costly breach.

In today’s evolving cybersecurity landscape, where threats are becoming increasingly sophisticated, organizations must recognize that no asset is too small to be ignored. Attackers exploit even the smallest vulnerabilities, and a breach can occur when an asset is overlooked. According to Gartner, organizations that base their security investments on a continuous exposure management program by 2026 will be three times less likely to experience a breach.

Purpose-built to stay ahead of cyber adversaries, Percept CTEM promises “Every Asset. Every Moment. No Surprises,” giving organizations the power to proactively manage risk. Enhanced with AI, it prioritizes risk based on business context. The platform identifies vulnerabilities before they evolve into threats and offers automated mitigation recommendations. Unlike traditional security tools that may only focus on high-value targets, Percept CTEM treats every asset, critical or not, with equal vigilance. It understands that every breach starts somewhere, and that one entry point can disrupt business operations.

Organizations frequently realize too late that a low-priority asset can serve as a backdoor for a security breach,” said CEO & Co-FounderPankit Desai. “Percept CTEM ensures youre never caught off guard by continuously mapping and validating security across all systems, giving you peace of mind that every asset, no matter how small, is always protected.”

Percept CTEM integrates seamlessly with third-party tools and Sequretek’s Percept security suite, including Percept XDR, NG SIEM, Percept Identity, Percept EDR, and Percept Compliance Manager, serving as an intelligent overlay that contextualizes data from existing tools. From asset discovery to automated remediation, it’s security without blind spots.

For more detailed understanding on PCTEM please click here: https://youtu.be/JLK5BrPvEIA

About Sequretek
Sequretek is a global cybersecurity company offering AI-powered, cloud-native solutions that simplify security. Sequretek’s Percept solution suite delivers defense-in-depth and defense-in-breadth. It coexists with and complements existing technologies, allowing customers and partners to consolidate at their own pace. Sequreteks AI technologies, coupled with robust processes and expert teams, protect organizations IT assets from cyberthreats, while helping them comply with regulatory standards. Percept solutions are reliable, simple, and adaptive, with a low cost of ownership, empowering customers to confidently grow in the digital space.

Lohia Aerospace Systems Showcases India’s Composite Manufacturing Prowess at Paris Air Show 2025

Lohia Aerospace Systems (LAS), a leading Indian player in aerospace and defense manufacturing, concluded a successful showing at the Paris Air Show 2025, held at Le Bourget. As the only Indian composites company exhibiting at the event, LAS proudly represented the country’s growing capabilities in advanced aerospace manufacturing.

Over the course of the show, LAS displayed cutting-edge composite parts and aerostructures catering to both civil and defense applications. The exhibits-including lightweight structural assemblies and UAV sub-systems-drew significant attention from global aerospace stakeholders for their precision, innovation, and readiness for international supply chains.

Lohia Aerospace Systems at the Paris Air Show

The LAS team held pre-scheduled meetings with several leading OEMs and Tier 1 suppliers from across the aerospace ecosystem. These strategic engagements have propelled the company into advanced-stage conversations with a major OEM for composite interior structures for a next-generation aircraft. LAS is also in advanced discussions to indigenise production of complex structural parts for helicopters for major OEMs-further aligning with India’s push for self-reliance in defense manufacturing. In parallel, LAS explored new avenues of collaboration with an American Tier 1 supplier to jointly bid for civil and defense programs in the United States, significantly enhancing the company’s international engagement strategy.

In addition to these new opportunities, LAS signed major renewal contracts with its existing customers, reinforcing long-standing partnerships and reaffirming the company’s track record for reliable, high-quality delivery. “The Paris Air Show was a very productive event for us,” said Anurag Lohia, CEO, Lohia Aerospace Systems. “We were able to continue key conversations with existing customers and also initiate new global relationships. As the only composites manufacturer from India to be exhibiting, we were proud to showcase how far India has come in delivering world-class aerospace solutions.”

The participation at Paris Air Show 2025 underscores LAS’s ambition to be a trusted global partner in high-performance aerospace manufacturing. With a focus on innovation, precision engineering, and scalable capacity, Lohia Aerospace Systems continues to strengthen its position in the global defense and civil aviation ecosystems.

For more information, please visit website www.lohiaaerospace.com.

Globally Proven Medial-Pivot Knee Implant Technology Now in Bengaluru

MicroPort Orthopedics Inc., a U.S.-headquartered global medical devices company, has announced the introduction of its flagship product, the Evolution Medial-Pivot Knee, in India. This innovative implant has been successfully used at Aster Hospital, Whitefield in Bengaluru, performed by Dr. Kumardev Arvind Rajamanya, Head of Orthopaedics and Lead consultant.

Dr. Kumardev Arvind Rajamanya, Head of Orthopaedics and Lead consultant at Aster Hospital, Bengaluru

The patient, a 65-year-old retired businessman, had been experiencing excruciating knee pain and limited mobility due to advanced osteoarthritis. Dr. Rajamanya, selected the Evolution Medial-Pivot Knee for the patients total knee replacement surgery, citing its exceptional clinical track record. This implants unique design offers flexion stability, anatomic motion, and a wear-limiting design.

“I have used Evolution Medial-Pivot Knee extensively in a very short time and am impressed with the overall outcome,” said Dr. Rajamanya. “It allows for a more natural motion of the knee, closely replicating the kinematics of a healthy knee joint. The medial-pivot design enables patients to achieve a more natural range of motion, which is essential for optimal knee function and patient satisfaction.”

Dr. Mukesh Parmar, Director and General Manager for South Asia, Microport Orthopedics, said, “We are committed to delivering innovative solutions that improve patient outcomes. The Evolution Medial-Pivot Knee is a testament to our dedication to advancing orthopaedic care and providing patients with a better quality of life.”

A graphic representation of knee anatomy

The Evolution Medial-Pivot Knee has demonstrated exceptional clinical success worldwide, with documented 98.8% survivorship at 17 years and a 95% patient satisfaction rate. With over 25 years of documented usage, MicroPort Orthopedics line of Medial-Pivot products has been utilised in over 1,000,000 cases across 70 countries worldwide.

The patient has made a successful recovery, experiencing improved mobility and reduced pain, thanks to the Evolution Medial-Pivot Knee, patient rehab and Surgical expertise. This successful outcome underscores the implants effectiveness in restoring knee function and improving patient quality of life.

The introduction of the Evolution Medial-Pivot Knee in India marks a significant milestone for MicroPort Orthopedics, further solidifying its position as a leader in orthopaedic innovation.

Ryan International Academy and Rotary Club Plant 1,200 Saplings Across Bengaluru in Major Green Initiative

  • Drive conducted at four campuses
  • Aligns with Chairman’s Vision

In a move to foster environmental stewardship among the youth, Ryan International Academy partnered with Rotary Bangalore Orchards for a massive tree-planting drive across four of its Bengaluru campuses. Notable Rotarians and Ryan students, as part of the Each One, Plant One program, planted over 1,200 fruit-bearing saplings this week. For students, it was an experiential lesson on ecological responsibility.

https://www.newsvoir.com/images/article/image1/32381_Ryan_&_Rotary.jpeg

Rotarians Mahesh Hariharan and Neil Michael Joseph plant trees at RIA, Horamavu, promoting a green future through the “Each One Plant One” initiative

The programme aligns with the 12-point vision of Dr AF Pinto, Chairman of the Ryan Group of Institutions, derived from the international theme “Our Land. Our Future. We are #GenerationRestoration,” highlighting the strength of afforestation and environmental restoration in prevention of climate change and land degradation. The plantation drives were conducted at Ryan International Academy campuses at Sarjapur, Kanakapura Road, Magadi Road, and Horamavu. Ryan Group will take this partnership with Rotary Club on a national scale across all its schools.

This massive greening effort was made possible by the support of Rotary Bangalore Orchards, with all 1,200 saplings generously donated by Mr. Ravishankar Dakoju. Each student is entrusted to caring and nurturing a sapling — increasing personal ownership and ecological consciousness on the part of the students.

A variety of fruit-bearing saplings were planted, including 200 each of Laxman Phal, Mango, Jamun, and Jackfruit, along with 100 each of Seethaphal, Guava, Gooseberry and Rose Apple.

The events were a collaborative community affair, with eight Rotarians participating across the four campuses. The activity at the Horamavu campus was attended by students, staff, and two distinguished Rotarians, including Mr. Neil Michael Joseph, who participated at all the four campuses.

Mr. Neil Michael Joseph, a green leader, social entrepreneur, and Director of Baghirathi Group and Happiness in Transit, said, “While we are in transport business, we are contributing to pollution, so we asked ourselves, how do we reduce our carbon footprint And that led us to plants. As a Rotarian, I care about environmental renewal. What Ryan is doing with Each One, Plant One is truly visionary-getting children involved in tree planting creates a long-term emotional and ethical connection to nature.I’m especially impressed with the idea of entrusting children with nurturing saplings-what a beautiful way to grow both a child and a tree together. We at Rotary are restoring 1,500 acres of barren land in Challakere as Dakoju Rotary Forest. We are happy to spread the same here, and we commit to taking this initiative to more cities.”

The plantation drive was a live classroom, where children learned about how trees clean the air, prevent soil erosion, and support biodiversity. Children also took a Green Pledge to take care of their sapling and embrace sustainable practices such as water conservation and plastic reduction.

This project underscores Ryan Groups abiding commitment to integrating acedemic excellence with environmental values. As the plants find root, so does a deeper awareness among students of their place in preserving Earth for generations to come.

About Ryan International Academy
Ryan International Academy is a part of the Ryan Group of Institutions, which is famous for building confident, socially sensitive, and globally informed learners. Boasting around five decades of excellence in all-round education, Ryan schools incorporate environmentalism into the very core of their learning models.

About Rotary Bangalore Orchards
Rotary Bangalore Orchards is a vibrant club of Rotary International, strongly committed to community services and green conservation. With a history of meaningful green projects, the club remains a change agent in its capacity-building collaborations with schools and community-based organizations.

Baby Aasmika Undergoes Lifesaving Zolgensma Gene Therapy After Raising INR 8.41 Cr on Impact Guru with Support from 5.29 Lakh Donors

In a heartening milestone for pediatric care and collective compassion, baby Aasmika Das from West Bengal has successfully undergone Zolgensma gene therapy at a leading hospital in Kolkata.

This medical breakthrough was made possible after her parents raised INR 8.41 crore via the medical crowdfunding platform Impact Guru, with the generous support of 5.29 lakh donors from across India and the world. Aasmika’s fundraiser also recorded the highest number of donors ever on a single campaign on Impact Guru.

Aasmika undergoes Zolgensma gene therapy

Aasmika was diagnosed with Spinal Muscular Atrophy (SMA) Type 1, a rare and life-threatening genetic disorder that weakens muscles and impairs vital functions such as breathing, swallowing, and movement.

Her father, Suvongkar Das, expressed heartfelt gratitude, “We will forever be grateful to each of the 5.29 lakh donors who gave our daughter a second chance at life. It’s because of your kindness that Aasmika has a fighting chance to grow up, laugh, play, and live the life every child deserves. You’ve given us the greatest gift a parent could ask for.”

SMA Type 1 is caused by a mutation in the SMN1 gene, leading to the deterioration of motor neurons. Left untreated, it is often fatal within the first two years of life. Zolgensma, one of the world’s most expensive drugs, offers a one-time gene therapy that replaces the faulty gene with a functional copy, offering the promise of long-term recovery and normalcy.

Piyush Jain, Co-Founder and CEO of Impact Guru, commented on the successful outcome, “Aasmika’s story is a testament to the power of collective goodwill. At Impact Guru, we’re proud to enable a platform where millions can unite to save a single life. The success of this campaign reflects not just the strength of our technology but also the generosity of the human spirit. We remain committed to making advanced healthcare accessible for all.”

Impact Guru’s crowdfunding platform played a pivotal role in mobilizing donations through micro-contributions, social sharing, and unified calls for help. The campaign received overwhelming public support and went viral, reaching donors from every corner of the country.

Aasmika’s successful administration of Zolgensma is not just a medical milestone – it is a testament to what India can achieve when empathy meets innovation.

CRISIL Upgrades Premier Energies’ Credit Rating to ‘A / Positive’ and ‘A1’

Premier Energies Limited, one of India’s leading integrated solar cell and module manufacturers, is pleased to announce that CRISIL Ratings has upgraded its long-term credit rating from ‘CRISIL A- / Positive’ to ‘CRISIL A / Positive’ and short-term credit rating from ‘CRISIL A2+’ to ‘CRISIL A1’.

The rating upgrade underscores Premier Energies’ strong operational performance, disciplined financial management, and strategic initiatives aimed at reinforcing its leadership in India’s renewable energy landscape.

Mr. Chiranjeev Saluja, Managing Director of Premier Energies Limited

Mr. Chiranjeev Saluja, Managing Director of Premier Energies Limited, commented, “We are honoured by CRISIL’s recognition of our consistent performance and growth trajectory. This upgrade reflects the strength of our business fundamentals, the resilience of our strategy, and our steadfast commitment to creating long-term value for our stakeholders. It further enhances the trust of our investors, financial institutions, and customers as we scale our operations and support India’s clean energy transition.”

Mr. Nand Kishore Khandelwal, CFO of Premier Energies Limited, added, “The upgraded rating by CRISIL is a testament to the continued strength of Premier Energies financial position and its commitment to maintaining financial discipline while pursuing our strategic growth objectives. This upgrade positions us well for the next phase of expansion and innovation in the renewable energy sector.”

The rating upgrade reflects Premier Energies Group’s strong operational and financial performance. Consolidated revenue more than doubled to Rs 6,518 crore in FY25, while EBITDA margins improved to 27.3% from 15.6% the previous year. Capacity utilisation also saw a sharp rise, averaging 88% for solar cells and 74% for modules. Backed by a strong order book and sustained demand, the group is well-positioned to execute its expansion plans and maintain momentum.

Premier Energies has steadily expanded its manufacturing footprint, embracing cutting-edge technologies and diversifying its product portfolio to meet the dynamic needs of the solar industry. With a total capacity of 11.1 GW (including 6 GW under construction), the company is among India’s largest integrated solar cell and module manufacturers.

Significant investments are underway in AI-enabled production systems, full vertical integration, and the development of a complementary product suite-including inverters, ingots, wafers, and aluminium frames. These initiatives align with the Government of India’s Atmanirbhar Bharat mission, promoting self-reliance in the renewable energy value chain.

About Premier Energies Limited

Premier Energies is a publicly listed company and a leading player in India’s renewable energy sector with a current manufacturing capacity of 11.1 GW (including 6 GW under construction). The company is known for its innovation, sustainability, and employee culture, holding the distinction of winning a Great Place to Work certification for four consecutive years.