Smriti Irani,Chairperson of the Alliance for Global Good Gender Equity and Equality, emerged as a transformative force, leading several key initiatives on Gender Equity and Equality agenda at Davos along the sidelines of the World Economic Forum (WEF) 2025, championing gender equity as a critical driver of global economic growth and social progress.

Smriti Irani, Chairperson of the Alliance for Global Good – Gender Equity and Equality, leads pivotal discussions at the 2025 World Economic Forum

With an agenda grounded in actionable solutions, Ms. Irani’s leadership at the summit highlighted the moral imperative of gender parity and showcased its undeniable business case. Through a series of high-profile engagements with world leaders, industry titans, and media influencers, Ms. Irani advocated for embedding gender equity into global economic frameworks. Her narrative was clear and resonant: Gender equity is more than a societal aspiration; it is an economic necessity capable of unlocking trillions in global GDP.

In a pivotal meeting with Singaporean President Tharman Shanmugaratnam, Ms. Irani discussed innovative policy frameworks, including gender-responsive trade agreements and integrating women entrepreneurs into global value chains. This dialogue laid the groundwork for collaborative solutions, leveraging Singapore’s policy expertise and the Alliance’s grassroots momentum.

An impactful meeting with Bill Gates further reinforced the Alliance’s mission to create systemic change. The duo explored collaborative approaches to dismantle barriers in healthcare, digital skilling, and leadership. Mr. Gates expressed strong support for the Alliance’s data-driven strategy, emphasizing scalable solutions with measurable impact.

Ms. Irani’s meeting with Brge Brende, President of WEF, marked a reflective moment, highlighting the Alliance’s achievements since its inception in 2024. She emphasized milestones such as the Commonwealth Partnership for gender-inclusive programs and the SAWIE (South Asian Women in Energy) initiative, a collaborative effort to amplify women’s leadership in the energy sector.

Ms. Smriti Irani’s leadership shone brightly during WEF sessions that seamlessly combined data-driven insights with human stories of resilience. The session “Women at the Fulcrum of Global Economies,” moderated by Ms. Smriti Irani and co-hosted by the Bill and Melinda Gates Foundation highlighted women’s control of 50% of global wealth by 2030 and the importance of tapping their potential by integrating women into the workforce, with data suggesting it could contribute an additional $1.6-$2.3 trillion to global GDP.

At the Alliance’s flagship “We-Lead Lounge,” Ms. Smriti Irani convened global stakeholders to address critical gaps in leadership and representation across technology, healthcare, and sustainability. The discussions, ranging from the future of work to women’s role in climate action, yielded commitments to skilling initiatives and gender-inclusive policies.

2025 World Economic Forum

A hallmark of Ms. Irani’s strategy was her focus on measurable impact. Collaborations with corporate leaders like Naspers CEO Phuthi Mahanyele-Dabengwa and Salesforce SVP Naomi Morenzoni emphasized equipping women with digital skills to lead in emerging sectors such as technology and e-commerce. These discussions laid the foundation for long-term initiatives aimed at integrating women into the digital economy.

Ms. Smriti Irani also prioritized healthcare advancements, partnering with organizations like GAVI and the Coalition for Health Innovation and Collaboration (CHIC) to expand access for underserved women globally.

Recognizing the power of media in driving systemic change, Ms. Irani collaborated with TIME Magazine’s Viktoria Degtar and others to amplify women’s leadership stories. These efforts aimed to ensure that women’s contributions resonate globally, shifting narratives and creating inclusive platforms for recognition. At Davos 2025, Smriti Irani demonstrated a results-oriented approach to fostering sustainable, inclusive growth. Her leadership cemented the Alliance’s position as a global catalyst for gender equity, setting a pragmatic, scalable model for economic and social transformation.

About Alliance for Global Good – Gender Equity and Equality

The Alliance for Global Good – Gender Equity and Equality is a landmark initiative launched by India at the World Economic Forum Annual Meeting 2024 in Davos, Switzerland, reflecting Prime Minister Shri Narendra Modi’s vision of “Women-led Development.” Supported by WEF, CII, Bill and Melinda Gates Foundation, and over 10,000 industry partners including Tata, Bayer, Uber, and Mastercard, the Alliance aims to foster global collaboration on women’s health, education, and enterprise. Anchored by the CII Centre for Women Leadership, it builds on commitments from the G20 Leaders’ Declaration and aligns with India’s ethos of Vasudhaiva Kutumbakam – “One Earth, One Family, One Future.” With WEF as a network partner and Invest India as an institutional partner, the Alliance is set to drive impactful change through best practices, investments, and knowledge sharing, furthering inclusive growth and bridging gender gaps globally.

About Smriti Irani
Smriti Zubin Irani is a seasoned politician and social activist with over two decades of experience in public service. A three-time Member of Parliament, she gained national prominence by creating history in 2019, defeating the then-Congress President in Amethi, a constituency previously seen as a Congress stronghold. She has served in the Union Cabinet under Prime Minister Narendra Modi in key portfolios, including Women & Child Development, Minority Affairs (as the first non-Muslim Minister), Human Resource Development, Information & Broadcasting, and Textiles. Known for her dedication to policy reform and inclusivity, she was India’s youngest Cabinet Minister in Modi 1.0 and 2.0 and the first woman to lead the HRD and Textiles Ministries. She has represented India in global forums, including the Inter-Parliamentary Union, and was named a Young Global Leader by the World Economic Forum in 2015. Smriti Irani’s activism extends to gender equity, disability inclusion, and women’s empowerment.

Health and wellness enterprise Happiest Health unveiled the ‘Technology & Innovation in Healthcare Summit 2025‘ in Bengaluru today. The high-profile event saw healthcare experts and industry come together and discuss the ever-growing potential of emerging technologies in healthcare practices, giving individuals practical insights into their implementation. The summit was inaugurated by Mr Ashok Soota, Executive Chairman of Happiest Minds, amidst over 400 participants.

Happiest Health unveiled ‘Technology & Innovation in Healthcare Summit 2025’ Explores the Transformative Impact of next-gen technologies in the Industry

The summit introduced delegates to panel discussions and talks on vital topics shaping the future of healthcare, including those on artificial intelligence, robotics, and telemedicine. The informative sessions provided deep insights into how the industry is evolving with these innovations and the opportunities to look forward to, besides giving individuals the chance to network with industry leaders and technology innovators. The summit generated plenty of important conversations in a collaborative environment, reflecting Happiest Health’s commitment to adding value to the healthcare space in India.

Mr. Ashok Soota, Executive Chairman, Happiest Minds in his keynote address on opportunities in healthcare through innovation and technology, spoke extensively on various healthcare modules, touching upon innovation, data in healthcare, industry disruptions, and more. On what’s driving innovation, he said, “Today, we are witnessing the convergence of three forces. These forces of convergence are spatial omics technologies becoming increasingly high throughput and high resolution, large-scale data sets generated by patient biopsies and such, and AI models becoming even more powerful and sophisticated. These three convergence forces will lead to more powerful interventions.”

The summit’s first panel discussion, titled ‘AI & Tech In Healthcare: Is Adoption Happening Fast,’ was moderated by Dr Sreenivasan Narayana, President and CEO of Healthcare Services, Happiest health, was led by Mr Kalyan Sivasailam, founder and CEO of 5C Network, Dr Manjiri Bakre, founder and CEO of OncoStem Diagnostics, and Mr Niranjan Subbarao, co-founder and CEO of Cyclops Medtech. The discussion covered how the rapid adoption of technology like machine learning and data analytics is leading to improved diagnostics, personalised treatment plans, and increased operational efficiency, transforming patient care and making it more precise.

Dr Harshavardhan Rao B, consultant – Department of Medical Gastroenterology, Ramaiah Memorial Hospital, held a session on ‘AI and its Applications in Healthcare & in Medical Gastroenterology in Your Practice‘. Speaking on challenges from a physician’s perspective, he said, “One of the things that we consider when we talk about AI is whether it will affect our relationship with patients. Most patient-reported outcome measures are based on an excellent relationship with the patient. There is a placebo effect with most medications. And if the patient does not trust the doctor and the medicine, the clinical outcomes will be sub-optimal. That doesn’t diminish the fact that medications work. It’s just that we have to recognise the effect the placebo effect has – with AI and with reduced interaction, will that affect patient care“

A panel discussion on the ‘Hospitals of Tomorrow’ involved Mr. Hanuman Jayaram, CTO, CTSI South Asia, an affiliate of Siemens Healthineers, Mr Kumar KV, group CIO of Narayana Health, and Mr Srinivas Iyengar, VP, IG head – Healthcare & Life Sciences, Happiest Minds. Mr Kumar KV shared his thoughts on the hurdles hospitals can expect in the future, “The key backbone, especially in the next five-10 years, is going to be from a technology standpoint. This basically necessitates that healthcare providers have all the tools required to provide efficient care, save lives, generate efficiency, and improve outcomes. Apart from having a suitable workforce and embracing digital transformation to transform the business model, the biggest challenge is to get the technology equation right.”

Mr. Sridhar Mantha, CEO of Generative AI Business, Happiest Minds, delivered the valedictory address on future developments in healthcare technology. He discussed the problem with healthcare data for training AI models, “Based on the AI models looking at the data right now, it’s quite easy for us to train the models. But it’s not that simple, as not all data is valuable. There’s enough garbage in the data. So, provided we have sufficient quality data to train the model on, we can reach at least 90% of the quality.”

Mr Ashish Pratap Singh, chief marketing officer of Happiest Health, said, “The Technology & Innovation in Healthcare Summit’ is meant to catalyse dialogue between healthcare and technology experts, combining IT expertise with healthcare innovation. We intend to showcase the latest advancements and foster actionable insights and collaborations to revolutionise patient care and transform the healthcare landscape.”

About Happiest Health
Happiest Health is a global health & wellness knowledge enterprise promoted by Ashok Soota. Happiest Health provides credible and trustworthy health and wellness knowledge with views from globally renowned experts and doctors. The primary knowledge platforms are the daily newsletter, knowledge website, monthly print magazine, and knowledge app and summits. The wellness division of Happiest Health caters to corporates to achieve optimal employee well-being, fostering a happier, healthier, and more productive work environment. The newest addition to Happiest Health’s offering is its diagnostics services. Happiest Diagnostics is committed to a patient-centric approach and cutting-edge technology, with an aim to be the most trusted diagnostic partner in India.

Happiest Health embraces scientific knowledge with a keen focus on medical breakthroughs providing kinder, gentler therapies including cell-based treatments. It also has deep coverage of integrated medicine including ayurveda, homeopathy, and naturopathy. Happiest Health’s focus on wellness is holistic and energizing. Its Mission Statement is: “Better Knowledge. Better Health.” and convey its benefits to all.

Kamdhenu Paints, a leading manufacturer of high-quality paints and coatings, has successfully concluded its grand Bollywood Mega Event, “Rangon Ka Jashn,” in Goa held from January 15th to 17th, 2025. The event brought together over 700 participants (dealers & their families) where Mr. Sunil Agarwal, Chairman, Mr Saurabh Agarwal, MD and Mr Sachin Agarwal, Director, Kamdhenu Paints appreciated the efforts of the dealers.

Kamdhenu Paints Concludes Rangon Ka Jashn in Goa

“Rangon Ka Jashn” was a vibrant spectacle featuring a dazzling array of entertainment, including a Neon Party, a spectacular Goa Beach Party, Bike Rally and the vibrant Goa Carnival showcasing local culture and festivities. The Mega Event itself was a highlight, graced by renowned Bollywood actor Arjun Kapoor, followed by a captivating live performance by legendary singer Sukhwinder Singh.

Dealers and their families also enjoyed a unique opportunity to capture cherished memories with Bollywood superstar Sara Ali Khan during a special photoshoot.

Mr. Saurabh Agarwal, Managing Director of Kamdhenu Paints, expressed his delight and commented, “Kamdhenu Paints is dedicated to fostering strong relationships with our channel partners. ‘Rangon Ka Jashn’ is a testament to our deep appreciation for their unwavering support. These events not only celebrate our collective achievements but also pave the way for future growth and innovation.”

Mr. Agarwal also announced exciting plans for 2025, including the launch of a comprehensive range of Wood Coatings & Water Proofing Products.

Kamdhenu Paints continues to set new standards in the industry with its innovative products and exceptional customer experiences. “Rangon Ka Jashn” stands as a resounding success, solidifying the companys commitment to fostering enduring partnerships and celebrating the vibrant spirit of Bollywood.

Syndicate Finance, a distinguished private lending and financial advisory firm headquartered in Mumbai, proudly commemorates over 40 years of dedicated service in providing customized financial solutions to corporations, high-net-worth individuals, and both private and public entities across India.

Syndicate Finance – A licensed, loyal and trust worthy partner since the last 4 decades for your financial needs

A Legacy of Excellence
Established in 1977, Syndicate Finance has consistently demonstrated a commitment to excellence, leveraging its extensive industry experience to deliver proven and personalized financial services. The firms longevity and success are attributed to its client-centric approach, ensuring that each service is meticulously tailored to meet the unique needs and objectives of its diverse clientele.

Comprehensive Service Offerings
Syndicate Finance offers a broad spectrum of services designed to address various financial requirements:

• Debt-Based Funding Solutions: Providing organized and facilitated debt financing options, including project funding, working capital, business loans, corporate loans, and funding for business expansions. These solutions are crafted to fuel ambitious projects and ensure the seamless operation of businesses.

• Consultancy & Advisory Services: Delivering comprehensive advisory services that encompass venture capital funding facilitation, private equity arrangements, debt-equity syndication, tax and regulatory consultancy, market research, business plan development, enterprise appraisals, investment and insurance consultancy, and assistance in bad debt recovery. This holistic approach empowers clients to seize opportunities, streamline transactions, and achieve their strategic goals.

Client-Centric Philosophy
At the heart of Syndicate Finances operations lies a steadfast commitment to its clients. The firm prides itself on building expert teams tailored to each clients specific needs, ensuring focused guidance throughout the transaction journey and beyond. This personalized approach has solidified Syndicate Finances reputation as a reliable partner in the financial industry.

Contact Information
For more information about Syndicate Finance and its services, please visit syndicatefinance.in
Alternatively, you can contact their registered office at:
428, Rawal Bldg. No.1, 1st Floor, Opp. IndusInd Bank, D.B. Marg (Lamington Rd.), Mumbai-400 004.
Telephone: 022 23880634 / 23863781
Email: info@syndicatefinance.in

Disclaimer
The information contained in this press release is for informational purposes only and should not be construed as an offer or solicitation for any services or products. Syndicate Finance and its members make no representations or warranties regarding the accuracy or completeness of the information provided. All content is subject to change without notice, and the user assumes the entire risk for any use or misuse of the information.

Challenges, hardships, and stress are inevitable aspects of life. Not everything goes as planned, making it essential to confront challenges, embrace struggles, and accept that hard work is irreplaceable. With strong willpower, the way forward becomes clear. Success is certain for those who set goals, work sincerely, and persevere through adversity. These thoughts were eloquently shared by Maharashtras Minister for Sports, Youth Welfare, and Minority Development, Shri Dattatray Bharane, during the inauguration of the Chanakya Sports Complex at the Chanakya Parandwadi Campus of the Indira Group of Institutes (IGI).

Inauguration of Chanakya Sports Complex at Indira Group of Institutes, Pune

This inauguration held on Thursday, January 23, represents a significant milestone in the Indira Group of Institutes’ journey, reaffirming its commitment to fostering talent and providing holistic education. The institution continues to inspire and nurture future leaders in sports and beyond. The inauguration was officiated by Minister Dattatray Bharane.

Dignitaries and Event Highlights
The ceremony was graced by notable dignitaries, including Ms. Sarita Wakalkar – President- Shree Chanakya Education Society, Chairperson of Shri Chanakya Education Society; Dr. Tarita Shankar, Chairperson and Chief Mentor; Arjuna Awardee Mr. Sachin Khilari; Group Advisor Prof. Chetan Wakalkar; V.M. Mhaske – Trustee Shree Chanakya Education Society; Ashok Vikhe-Patil; Shivaji Kale; and Aditya Kale.

In her keynote address, Dr. Tarita Shankar reflected on the evolution of the campus, stating, “The transformation of this institution stands as a testament to unwavering dedication and resilience. Despite many challenges, the foundation of IGI has been built with divine guidance, relentless effort, and immense faith. Dynamic leaders like Minister Dattatray Bharane are crucial for the progress of our nation.”

The event also marked the unveiling of the Sarita Wakalkar National Scholarship, which aims to support meritorious athletes with a scholarship worth ₹21 lakh.

Key Takeaway: Indira Groups Role in Nation-Building
Minister Bharane expressed his admiration for the state-of-the-art facilities offered by the Indira Group of Institutes. “It fills me with pride to witness talented Olympians like Sachin Khilari emerging from this institution. I am confident that IGI will continue to produce exceptional athletes who will bring laurels to the nation. The government will provide all possible support to this remarkable initiative,” he assured.

For over 30 years, Indira Group of Institutes has been dedicated to shaping young minds through education and fitness, driven by our belief that “Sports not only build better athletes but also better humans.”

For more details visit: www.indiraicem.ac.in.

Resolute, an innovative health intelligence platform combining advanced AI, diagnostics, and behavioral science, today announced the appointment of Dr. Gurmeet Soni Bhalla to a key leadership role. With over 25 years of clinical expertise, Dr. Bhalla will help bridge the gap between traditional medicine and AI-driven health optimization, advancing Resolute’s mission to transform how people understand and improve their health.

Dr. Gurmeet Soni Bhalla

Dr. Bhalla brings comprehensive expertise spanning pediatrics, immunology, and preventive medicine, with specialized training from KMC Manipal, the National Board in New Delhi, and Savita Medical College, Chennai. Through leadership roles at leading hospitals in Bangalore such as Wockhardt, Fortis, and Rainbow Children’s Hospital, she has consistently advocated for a more integrated, preventive approach to healthcare.

“Medicine is evolving beyond the traditional model of treating illness to a new paradigm of optimizing health,” said Dr. Gurmeet Soni Bhalla. “The rising burden of chronic diseases and increasing health awareness are driving us toward Medicine 2.0 – where prevention is as critical as treatment. By combining clinical expertise with AI-driven insights, we can identify risks early and implement personalized interventions that truly enhance quality of life.”

Advancing Medical Innovation

In her role at Resolute, Dr. Bhalla will focus on creating frameworks where medical expertise and AI technology can work synergistically to deliver better health outcomes. Her six-year journey in longevity medicine aligns perfectly with Resolute’s mission to optimize not just lifespan, but healthspan – the years of life spent in good health.

“The future of healthcare lies in this convergence of preventive medicine and technology,” Dr. Bhalla emphasizes. “Through Resolute’s AI-powered platform, we can now analyze trends, predict health risks, and create personalized intervention strategies at scale. This isn’t just about preventing disease – it’s about empowering individuals to achieve their optimal state of health.”

Shaping the Future of Health

“Dr. Bhalla’s appointment marks a significant step in Resolute’s evolution,” said Srinivasa Vivek, Co-founder of Resolute. “As we push the boundaries of health intelligence through AI and advanced diagnostics, her deep clinical expertise will help us ensure our innovations translate into meaningful health outcomes. Together, we’re working to make sophisticated health optimization accessible and impactful for everyone.”

The collaboration between Dr. Bhalla and Resolute represents a shared vision for the future of health – one where cutting-edge technology and medical expertise combine to create personalized, proactive health solutions. Dr. Bhalla’s experience in implementing preventive health strategies will be crucial in developing Resolute’s evidence-based protocols and ensuring that technological innovations remain grounded in sound medical science.

About Resolute

Resolute is reshaping health intelligence by seamlessly integrating advanced AI, precision diagnostics, and behavioral science to transform how the world achieves healthspan and longevity. Through hyper-personalized health journeys and evidence-backed protocols, Resolute empowers individuals to move beyond basic wellness to achieve their full health potential.

To learn more, visit www.theresolute.ai.

SAMANA Developers, the award-winning Dubai-based real estate company, in collaboration with ELIE SAAB, the global luxury lifestyle brand, officially unveiled the SAMANA Ocean Viewsinteriors byELIE SAAB project in Dubai’s Madinat Arena. This landmark development marks the first branded real estate project by ELIE SAAB in the Maldives and the inaugural branded venture by SAMANA Developers.

Unveiling Samana Ocean Views Interiors by Elie Saab in the Maldives: A New Vision for Island Living

Nestled amidst the Maldivian archipelago, SAMANA Ocean Views interiors by ELIE SAAB is set in a prime location, just a 20-minute speedboat ride from Hanimaadhoo Airport or a 45-minute seaplane journey from Mal. Spanning over 507,651 square feet, this exclusive 190-key development offers an exceptional retreat, featuring a selection of luxurious beachfront villas, over-water bungalows, and sophisticated poolside apartments. Each residence is thoughtfully designed to immerse residents in the beauty of the Maldives, with interiors by ELIE SAAB that reflect the brand’s visionary approach to luxury. The designs blend timeless elegance with modern sophistication, utilizing soft neutral tones, premium fabrics, and refined finishes that harmonize effortlessly with the stunning natural surroundings.

Imran Farooq, CEO of SAMANA Developers stated, “Our strategic foresight and deep understanding of Dubais economic landscape have propelled Samana Developers to become the citys seventh-largest developer. This expertise is now embodied in SAMANA Ocean Views interiors by ELIE SAAB, a culmination of a shared vision to create an extraordinary destination where luxury, design, and natural beauty meet. We are immensely proud of this partnership with ELIE SAAB.”

Elie Saab Jr., CEO of ELIE SAAB Group, added, “We are honored to collaborate with Samana Developers on this exceptional project, marking a significant step in our brand’s strategic expansion into exclusive destinations globally. This development reflects our vision of crafting immersive, one-of-a-kind lifestyle experiences that embody our philosophy of elegance and sophistication, while upholding the highest standards of luxury and individuality. The Maldives represents a key addition to our growing global portfolio, as we continue to deliver remarkable projects in strategic locations worldwide.”

Massimiliano Ferrari, CEO of Corporate Brand Maison, WW Licensee ELIE SAAB Maison said, “The interiors of Samana Ocean Views will feature the ELIE SAAB Maison furniture and home dcor collection, crafted with exceptional Italian craftsmanship. Every piece is designed with a deep understanding of the Maldivian environment, ensuring that the elegance and quality of the collection harmonize perfectly with the unique beauty of the location.”

Unveiling Samana Ocean Views Interiors by Elie Saab in the Maldives

SAMANA Ocean Views interiors by ELIE SAAB offers a range of world-class amenities designed for resort-style living. Guests can unwind at the spa and wellness center, savor diverse culinary offerings at fine dining establishments, including specialty Arabic and Japanese restaurants, or explore the underwater wonders of the Maldives through the on-site dive center and watersports facilities. The property also features multiple pools, a state-of-the-art fitness center, and dedicated entertainment options for families. Sustainability plays a key role in the development, with coral restoration initiatives integrated into the project.

This AED 2.2 billion development, set for completion in 2029, promises an unparalleled lifestyle in one of the world’s most coveted destinations.

About SAMANA Developers

SAMANA Developers, an award-winning Dubai-based real estate developer with growing international portfolio. With a focus on creating sustainable and elegant living spaces, SAMANA Developers has seamlessly delivered a wide range of residential and commercial projects climbing to the top seven highest off-plan sellers in 2024.

Known for their innovative designs, premium amenities, and prime locations, SAMANA Developers projects have set new standards in the UAE real estate market. The companys dedication to excellence has earned them a reputation for delivering exceptional value and investment opportunities, with over 1,000 units handed over and 10,000 units under construction. SAMANA has scooped multiple esteemed awards for pioneering concepts, innovative designs, and sustainability.

For more information, please visit www.samanadevelopers.com.

Modulus Alternatives Investment Managers Limited, an established alternative asset manager, focussed on private credit, announces the successful maturity and complete exit of its maiden private credit fund, Centrum Credit Opportunities Fund (Fund I).

Launched in 2019, Fund I was a closed-ended Category II AIF that invested INR 1,790 crore, through the Fund and other investors, across 15 investments in sectors such as healthcare & pharmaceuticals, consumer durables, specialty chemicals and industrials. The portfolio construct of the Fund primarily focused on senior secured operating company exposures with regular coupon-bearing investments. Notably, ~45% of exits were achieved through improved operational cash flows, ~30% resulted from equity raise, and the balance through refinancing.

Throughout its tenure, the Fund consistently delivered mid-teen returns while maintaining high credit quality and making regular income distributions to its investors. At maturity, the Fund achieved a Gross IRR of 17.01%, with a median investor IRR (pre-tax, post-expenses) of 14.28%. The Distributed to Paid-In Capital (DPI) of Fund I was 1.50x, with Total Value to Paid-In (TVPI) at 1.52x.

Alok Agarwal, Shareholder and Director at Modulus Alternatives

Alok Agarwal,Shareholder and Director at Modulus Alternatives, remarked, “The success of Fund I is owed to the seasoned investment team guided by an experienced investment committee. Building on this achievement, we are now raising funds for Fund II, which will follow the same strategy.”

Jaspal Bindra,Executive Chairman of Centrum Group, added, “We are grateful to our investors who trusted us from the beginning. This success is a testament to the growing importance of private credit in India’s economic growth, where it is playing a vital role in driving innovation and expansion across industries.“

Rakshat Kapoor, Head – Private Credit & CIO, Modulus Alternatives, shared, “The successful maturity and exit of Fund I highlights our disciplined investment approach and our teams ability to navigate volatile market conditions. Despite challenges like the NBFC crisis and the pandemic, we consistently delivered mid-teen returns, with 13 of the 15 investments exiting ahead of schedule.“

“Post our investment, there was a significant improvement in operating profile, profitability and credit ratings of the portfolio companies. This also demonstrates our value add through active portfolio management and reinforces our commitment to deliver absolute value to all our stakeholders,” Mr. Kapoor further added.

Following the success of Fund I, Modulus Alternatives is raising commitments for its second private credit fund, India Credit Opportunities Fund II (ICOF II). Succeeding Fund I’s strategy, ICOF II is focussed on performing private credit in sectors with tailwinds, such as healthcare, pharmaceuticals, industrials and clean energy. Fund II, with a tenor of five years (ending in August 2029), has deployed more than. INR 800 crore across six investments.

About Modulus Alternatives Investment Managers Limited

Modulus Alternatives is an established private credit platform currently managing it’s second private credit fund – India Credit Opportunities Fund II. Since its inception in 2018, the firm has deployed over INR 2,500 crore across 21 investments.

Modulus Alternatives is held by Centrum Group and Alok Agarwal, former CFO of Reliance Industries Limited. The Board of Modulus is chaired by Mr. Vinod Rai, former Finance Secretary and CAG of India and includes independent Director, Mr. Raman Uberoi, a senior advisor for Government & Regulatory Relations at CRISIL Limited and is a member of SEBI’s Market Data Advisory Committee.

In an impressive display of culinary prowess, students from Dr. MGR Educational and Research Institute brought home a staggering 24 medals (5 Gold, 5 Silver, 14 Bronze) at the recently concluded Incredible Chef Challenge 2024. This national-level competition, held in New Delhi, saw participation from top culinary colleges across the country.

Dr. MGR Educational and Research Institute Students Sweep Awards at Incredible Chef Challenge 2024

The achievement is a shining endorsement of Dr. MGR Educational and Research Institutes dedication to providing world-class culinary education. Under the visionary leadership of the president Er ACS Arun Kumar, the institution has established itself as a hub for nurturing young talent in the hospitality industry.

As many as 25 students from Dr. MGR Educational and Research Institute who participated in the competition demonstrated exceptional skills across nine categories, including Live Pasta Cooking, Artistic Bakery Showpiece, and Cake Decoration. Notably, 16 students secured medals, with several excelling in multiple categories.

Dr. MGR Educational and Research Institutes emphasis on holistic education, combined with hands-on training and mentorship, has created a nurturing environment that fosters creativity, innovation, and excellence. The institutions faculty, comprising experienced professionals and mentors, played a pivotal role in guiding the students toward success.

In his comments, Er ACS Arun Kumar, said, “We are incredibly proud of our students achievement. This success is a testament to our institutions commitment to providing world-class education and training. We will continue to strive for excellence and empower our students to reach new heights.”

For more details, please visit: www.drmgrihmindia.com.

About Dr. MGR Educational and Research Institute

Dr. MGR Educational and Research Institute is a leading institution for culinary education, offering a range of programs designed to nurture young talent in the hospitality industry. With a focus on holistic education and hands-on training, the institution has established itself as a hub for culinary excellence.