Fabex Steel Structures Inaugurates ₹120-Crore, 50,000 MT Pre-Engineered Building, and Steel Structures Unit in Telangana

• Targets ₹1,000-Crore Revenue with New Facility and Global Expansion.
• Plans to infuse additional ₹100-Crore Investment over the next 3 years.
• Plans to double its workforce to 800 as operations ramp up.

Hyderabad based Fabex Steel Structures today announced the commissioning of its second manufacturing unit at Chityal, near Hyderabad. Built with an investment of ₹120 crore and spread across 40 acres, the new unit marks a significant step in the company’s long-term capacity, and business expansion strategy.

The Chityal facility adds 50,000 MT of annual production capacity, bringing Fabex’s total to 100,000 MT across its two units. The company also operates a high-capacity plant in Vijayawada, supporting domestic and export demand for pre-engineered buildings and structural steel solutions.

Fabex plans to invest an additional ₹100 crore over the next 2–3 years to further enhance manufacturing capabilities and drive innovation. The new unit will focus on producing pre-engineered buildings for industrial applications including factories, warehouses, and logistics infrastructure.

We are aligning our capital deployment with market momentum across our product lines. The ₹100-crore follow-on investment over the next 24–36 months will focus on automation, throughput enhancement, and product diversification, said Venu Chava, Co-Founder and Managing Director of Fabex Steel Structures.

Founders along with Dignitaries during the inaugural

Mr.I V Ramana Raju, Co-Founder and CEO Lighting the lamp along with Mr. Venu Chava Co-Founder and Managing Director 

“With a combined annual capacity of 100,000 MT, we now have the scale to support multi-site PEB rollouts and turnkey design-to-installation projects across India and overseas. We are planning to diversify into new segments” said I V Ramana Raju, Co-Founder and CEO of Fabex Steel Structures.

Fabex, with a turnover of ₹ 463 Crore, employs 400 people and plans to double its workforce to 800 as operations ramp up. The company is targeting ₹1,000 crore in revenue over three years, backed by 70% client retention and expanding global reach.

Fabex exports to three continents, with key markets in North America, Africa, and the Middle East. The company is actively exploring new geographies to expand its global reach.

The inauguration of the new unit on Sunday saw the presence of Sri Vemula Veeresham, MLA Nakerekal; Sri Vasantha Krishna Prasad, MLA Mylavaram; and Sri Sriram Rajagopal, MLA Jaggayyapeta, along with industry stakeholders and dignitaries—highlighting Fabex’s growing contribution to India’s structural steel manufacturing landscape.

About Fabex Steel Structures: FABEX Steel Structures founded in 2020 is engaged in design, detailing, fabrication and installation of Pre-Engineered Buildings and Steel Structures. We are one of the leading solution providers with services ranging from design to installation serving several industries like warehouse, sugar processing, aerospace, heavy manufacturing, FMCG, electrical, food processing, automobile and many more. To know more https://fabexsteel.com.

India’s Aerospace Ambitions Soar as Tata and Safran Unveil Advanced LEAP Engine Facility in Hyderabad

Tata Advanced Systems Limited, one of India's leading private sector aerospace and defense solutions provider, in partnership with Safran Aircraft Engines, a world-leading commercial and military aircraft engine manufacturer, inaugurated their cutting-edge manufacturing facility at the Tata Centre of Excellence for Aero Engines in Adibatla, Hyderabad. The facility will produce complex rotating parts for the CFM LEAP engine, including cutting-edge machining and special processes under one roof.

The ceremony was held in the presence of Shri D. Sridhar Babu, Honourable Minister for Information Technology, Electronics & Communications, Industries & Commerce, and Legislative Affairs, Government of Telangana, along with senior officials from Tata Advanced Systems, Safran and government dignitaries.

The inauguration ceremony marks a significant milestone in the strategic collaboration announced in January 2024, when both companies signed a long-term agreement for the production of rotating parts for the LEAP engine, developed by CFM International, a 50-50 joint venture between GE Aerospace and Safran Aircraft Engines. LEAP engines, which power the majority of new generation narrowbody aircraft, continue to deliver on performance commitments, with 15% better fuel efficiency, much lower noise than previous generation engines and high utilization.

“Rotative Aeroengine components represent the pinnacle of aerospace technology and this world-class facility reflects our commitment to building advanced manufacturing capabilities in India and our proven ability to industrialize complex global aerospace programs,” said Sukaran Singh, Chief Executive Officer and Managing Director, Tata Advanced Systems Limited. “Being part of the LEAP program—among the world’s highest-selling engine platforms—underscores our focus on precision, quality, and excellence for the global aerospace supply chain.”

“Beyond its state-of-the-art infrastructure, this plant lies at the very heart of Safran Aircraft Engines’ Supply chain strategy: manufacturing closer to our markets, strengthening our supply chain resilience, and delivering to our customers the highest standards of quality, safety, performance, and sustainability”, said Dominique Dupuy, Senior Vice President Purchasing, Safran Aircraft Engines. "This is a significant milestone for both Safran Aircraft Engines and our partner, Tata Advanced Systems Limited which marks a new chapter in our partnership, driven by our shared commitment to industrial excellence and technological innovation in aerospace."

India represents the third-largest operator of LEAP engines globally, with 75% of Indian commercial aircraft equipped with CFM's advanced turbofan technology. To date, more than 2,000 LEAP engines have been ordered by Indian airlines, underscoring the critical importance of establishing robust manufacturing and support capabilities in the country.

The Tata Centre of Excellence for Aero Engines, established in 2018, has been purpose-built to manufacture complex aeroengine components for India and the global supply chain. The facility incorporates Industry 4.0 practices, featuring advanced precision-machining technologies and complex aeroengine special processes under one roof.

About Tata Advanced Systems Limited

Tata Advanced Systems Limited, a wholly owned subsidiary of Tata Sons, is a significant player for aerospace and defense solutions in India. Tata Advanced Systems offers a full range of integrated solutions across: Aerostructures & Aeroengines, Airborne Platforms & Systems, Defense & Security, Land Mobility. Tata Advanced Systems has a strong portfolio of partnerships and joint ventures with leading global aerospace and defense firms, making it an integral partner in the international supply chain and in some instances, a global single source provider for leading defense OEMs. With the requisite capabilities, resources and scale, Tata Advanced Systems is equipped to deliver end-to-end innovative solutions throughout the entire aerospace and defence value chain from design to full platform assembly, and is well positioned in technologies that include missiles, radars, unmanned aerial systems, artillery guns, command and control systems, optronics and homeland security apart from world class protected mobility solutions. For more information: https://www.tataadvancedsystems.com or follow @tataadvanced on X and LinkedIn

Safran is an international high-technology group, operating in the aviation (propulsion, equipment and interiors), defense and space markets. Its core purpose is to contribute to a safer, more sustainable world, where air transport is more environmentally friendly, comfortable and accessible. Safran has a global presence, with 100,000 employees and sales of 27.3 billion euros in 2024, and holds, alone or in partnership, world or regional leadership positions in its core markets. Safran undertakes research and development programs to maintain the environmental priorities of its R&T and Innovation roadmap.

Safran is listed on the Euronext Paris stock exchange and is part of the CAC 40 and Euro Stoxx 50 indices.

Safran Aircraft Engines designs, produces, sells, alone or in partnership, commercial and military aircraft engines offering world-class performance, reliability and environmental-friendliness. Through CFM International, Safran Aircraft Engines is the world’s leading supplier of engines for short and medium-haul commercial jets. For more information: www.safran-group.com and www.safran-aircraft-engines.com / Follow @Safran and @SafranEngines on X

Eli Lilly to Invest Over $1 Billion in India to Expand Global Drug Manufacturing

Eli Lilly and Company today announced plans to invest more than $1 Billion over the next several years into new contract manufacturing in India, expanding patients’ access to innovative medicines around the world. This strategic investment will further strengthen the manufacturing and supply capabilities to support our evolving portfolio.

In addition, Lilly will establish a new Manufacturing & Quality presence in Hyderabad. This new hub will offer advanced technical capabilities and oversight for Lilly’s contract manufacturing network across India. Recruitment will begin immediately, with openings across roles such as engineers, chemists, analytical scientists, quality control and assurance professionals, and management positions. This initiative reflects Lilly’s intent to leverage India’s highly skilled talent pool to support its global manufacturing growth and deliver medicines to patients worldwide. Since 2020, Lilly has committed more than $55 billion to build, expand, and acquire facilities in the U.S. and around the world. These facilities and investments address growth from potential new medicines to treat diabetes and obesity, Alzheimer’s disease, cancer and autoimmune conditions and prepare for medicines of the future.

Shri A. Revanth Reddy, Hon’ble Chief Minister of Telangana, said, “Lilly’s continued expansion in Hyderabad highlights the city’s emergence as a powerhouse in global healthcare innovation. From the recent opening of its Innovation and Technology site to a new manufacturing collaboration and the establishment of a Manufacturing & Quality hub, Lilly is moving swiftly to expand its presence in Telangana — reinforcing the state’s position as a preferred destination for cutting-edge healthcare investments.”

Shri Sridhar Babu, Hon’ble Minister for Information Technology, Electronics & Communications, Industries & Commerce and Legislative Affairs, Telangana, added, “Lilly’s expansion in Hyderabad is a testament to Telangana’s dynamic industrial landscape and its growing influence in advanced healthcare manufacturing. The state’s focus on technology-driven infrastructure and ease of doing business continues to attract global leaders across sectors and lifesciences sector in particular has been on accelerated growth.”

Nivruti Rai, Managing Director & CEO, Invest India, Ministry of Commerce & Industry, Govt. of India, said, "Lilly’s investment in India reflects not only the country’s rise as a competitive global manufacturing and innovation hub, but also Lilly’s own commitment to growth, innovation, and advancing healthcare worldwide. This partnership reflects confidence in India’s skilled talent, robust infrastructure, and business-friendly policies, while supporting Lilly’s journey as a global leader in life sciences. Together, we are shaping a stronger future for healthcare and manufacturing. We are proud to support Lilly’s growth journey in India and wish them continued success in the years ahead."

“We are making significant investments to increase manufacturing and medicine supply capacity around the world to help ensure patients have access to the medicines they need,” said, Patrik Jonsson, Executive Vice President and President Lilly International, Eli Lilly and Company. “Working with trusted contract manufacturers expands our capabilities to deliver life-changing medicines at greater scale — with quality always at the core. This investment reaffirms our confidence in India as a hub for capability building within our global network.”

With a longstanding presence in India, including a commercial site in Gurugram and specialized sites in Bengaluru and Hyderabad that serve as important hubs supporting global innovation, Lilly is reinforcing its commitment to the country through strategic investments in local talent and technical capabilities.

About Lilly

Lilly is a medicine company turning science into healing to make life better for people around the world. We've been pioneering life-changing discoveries for nearly 150 years, and today our medicines help tens of millions of people across the globe. Harnessing the power of biotechnology, chemistry and genetic medicine, our scientists are urgently advancing new discoveries to solve some of the world's most significant health challenges: redefining diabetes care; treating obesity and curtailing its most devastating long-term effects; advancing the fight against Alzheimer's disease; providing solutions to some of the most debilitating immune system disorders; and transforming the most difficult-to-treat cancers into manageable diseases. With each step toward a healthier world, we're motivated by one thing: making life better for millions more people. That includes delivering innovative clinical trials that reflect the diversity of our world and working to ensure our medicines are accessible and affordable.

Citizens GCC Joins Cognizant’s Flagship Outreach Program to Advance Rural Tech Talent in India

Cognizant (Nasdaq: CTSH) has announced that Citizens Financial Group’s Global Capability Centre (GCC) has joined its flagship Outreach program to advance skilling and employability for college students in rural communities across Telangana.

The program launched in Hyderabad in 2019 has reached over 4,000 students in Telangana, with 478 hired into technology roles at Cognizant—92% of them women. Nationally, the program has impacted 60,000 students through partnerships with more than 100 institutions, including colleges and nonprofits.

“Our Hyderabad GCC is designed as a hub for innovation and collaboration, and partnering with Cognizant’s Outreach program allows us to extend that purpose beyond business into communities,” said Michael Ruttledge, Chief Information Officer and Head of Enterprise Technology & Security, Citizens Financial Group. “This marks the beginning of our volunteering journey in India, and we are proud that our GCC associates will volunteer their time and expertise to help students unlock new opportunities and pathways to pursue careers in technology.”

As part of the collaboration, Citizens GCC associates will volunteer weekly to deliver a structured five-step employability training program for students in rural and tribal areas. The sessions will cover generative AI, communication and soft skills, life skills and include readiness for the AMCAT employability test.

“Cognizant Outreach is a powerful example of how our people bring purpose to life—using their mentoring skills to uplift communities and create pathways to opportunity,” said Surya Gummadi, President – Americas, Cognizant. “Our collaboration with Citizens’ GCC in Hyderabad strengthens this mission, combining shared values and collective action to equip students—especially young women in underserved areas—with the skills and confidence to thrive in technology careers. Together, we’re bridging the gap between skilling and industry, and scaling impact where it’s needed most.”

Launched in April 2025, the Citizens-Cognizant Global Capability Centre (GCC) in Hyderabad serves as a next-generation innovation hub supporting Citizens’ digital transformation and technology modernization. The GCC is expected to scale up to 1,000 IT and Data and Analytics professionals by March 2026.

Cognizant Outreach is a global, employee-driven volunteer platform focused on driving digital inclusion and supporting community development through initiatives in education, employability, and environmental sustainability.

About Cognizant

Cognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we’re improving everyday life. See how at www.cognizant.com or @cognizant.

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $217.5 billion in assets as of December 31, 2024. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,100 ATMs and approximately 1,000 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on X (formerly Twitter), LinkedIn or Facebook.

Aparna Enterprises Launches Asia’s Largest Home Design Experiential Destination in Hyderabad

Aparna Enterprises Ltd. (AEL), one of India’s fastest growing building materials manufacturers, has unveiled the Unispace Mega Store in Miyapur, Hyderabad, Asia’s largest experiential destination for home design and building solutions. Spanning 105,000 sq. ft. across two levels, this flagship store redefines the retail experience by offering an unparalleled range of categories under one roof. The launch marks a significant milestone in AEL’s retail expansion, adding to its growing network of Unispace showrooms in Jubilee Hills (Hyderabad), Bengaluru, Vijayawada.

The new Unispace destination brings together more than 20 categories of products and solutions, making it a one-stop platform for both B2B and B2C customers. It. represents a paradigm shift in how Indians design, build, and renovate their homes. Spread across two levels, the store features category-wise display zones including tiles and flooring, sanitaryware, bath fittings, modular kitchens, wardrobes, uPVC and aluminium windows + doors, electrical and lighting, appliances, construction materials, tools and machinery, outdoor furniture, landscaping solutions, and more.

A defining feature of the store is its immersive approach. Interactive zones, tech-enabled displays, and product demo areas have been created to enhance engagement, supported by a team of expert in-house design consultants. Customers can walk through fully functional apartment mock-ups, experience modular kitchens in action, and explore products through interactive digital displays. To strengthen industry connections, a dedicated events space has been built to host workshops, architect meets, and design seminars. For convenience, the store also houses a café, kids’ zone and EV charging stations.

The choice of Miyapur as the location highlights AEL’s forward-looking approach. With 150+ retail projects under development, excellent metro and ORR connectivity, and proximity to Hyderabad’s IT and industrial clusters, the store is strategically positioned to serve architects, designers, builders, and retail customers alike. With the building materials market in India projected to grow from USD 42.6 billion in 2024 to USD 64 billion by 2033, and globally at a CAGR of 6.2% from USD 929.8 billion in 2025 to USD 1,696.8 billion by 2035, this mega store is well-positioned to serve as a catalyst for the next phase of growth in housing, premium interiors, and sustainable construction.

Mr. Ashwin Reddy, Managing Director, Aparna Enterprises Ltd., “AEL’s transformation into a ₹2,000 crore enterprise has been driven by innovation, people-first practices, and heavy investment in R&D. The Miyapur flagship is a symbol of that journey, a place where international design meets Indian ingenuity. Our goal is not just to sell products but to deliver solutions built to last, enabling customers to design and build with confidence. This reflects our alignment with India’s aspiration to lead globally in quality, sustainability, and innovation.”

Ms. Aparna Reddy, Executive Director, Aparna Enterprises Ltd., “We are delighted to launch our 4th Unispace store, which is also the largest in India and among the biggest experiential destinations for home design and building solutions in Asia. As consumer choices evolve and buying habits shift, we wanted to create a space that offers everything under one roof — a place where customers can find inspiration, expert guidance, and world-class solutions to bring their vision to life. From premium Indian offerings to globally renowned products through our exclusive tie-ups, we have curated a portfolio that reflects both aspiration and trust. With this store, our aim is to redefine the way people experience and choose solutions for their homes”

Envisioned in alignment with the national Atmanirbhar Bharat and Make in India initiatives, the new flagship store emphasizes AEL’s belief in the strength of Indian products, supported by global technologies and local expertise. Backed by strong in-house R&D, the product portfolio is future-ready, durable, and sustainable, reflecting India’s growing role in global supply chains. By integrating global standards with Indian ingenuity, Aparna Enterprises is creating experiences that empower customers.

About Aparna Enterprises Ltd:

Aparna Enterprises Limited (AEL) is a part of the highly successful Aparna Group. Founded in the year 1990, AEL operates through a range of businesses in building material products, such as RMC (ready-mix concrete), uPVC windows and doors, floor and wall tiles, aluminium window and door systems and exterior façades, cold roll form products (steel reinforcements for uPVC windows and doors, cable trays, false ceiling channels) and elegant bath spaces and kitchens. Associated with several landmark projects for over 30 years, AEL is renowned for setting benchmarks in technology, research, design, and quality. Today, AEL is an acknowledged leader in providing specifiers, contractors, and stakeholders with a range of high-quality products manufactured to the highest standards. AEL can meet any specification criteria while ensuring full compliance with all protocols.

MERGEN Launches ServiceNow CoE in Hyderabad; Aims to Double the Talent in AI and Workflow Automation

• The CoE for ServiceNow established at a cost of $1,000,000, aims to accelerate project delivery, expand into two or more new industry verticals, and grow the certified talent pool.

MERGEN Corporates announced the launch of its largest ServiceNow (NYSE: NOW) Digital Workflow Center of Excellence (CoE) in Hyderabad, onboarding 50+ ServiceNow experts, and aims to double the headcount by beginning of 2026. Through this new CoE, MERGEN aims to provide comprehensive support to enterprises through its Now Platform®, seeking to streamline their operations, enhance efficiency, and drive growth.

Established with an initial investment of $500,000, the new Center of Excellence (CoE) spans a 150-seat facility at the MERGEN Global Delivery Center. An additional 8,000 square feet has been earmarked for future expansion, with a further $500,000 allocated, bringing the total planned investment to $1 million.

The new Center of Excellence (CoE) will generate over 50+ new roles in AI and Workflow automation over the next 12 months. The Center of Excellence is designed to support faster project delivery, enable entry into more than four new industry verticals, and scale ServiceNow certified talent pool to meet growing client demand.

Let to Right: Mr. Mahanth Mallikarjuna, Founder & CEO, MERGEN, Mr. Sudhakar Pennam Founder & CEO, Kairos Technologies Inc, and Ganesh S. Lakshminarayanan, Managing Director, ServiceNow India

As part of the ongoing expansion, MERGEN will further upgrade capabilities to transform and enable customers to leverage and scale digital workflow solutions using the Now Platform®. MERGEN already offers domain-centric solutions on the ServiceNow platform across financial services, insurance, healthcare, manufacturing, retail & hospitality, public sector, energy & utilities, and business services both in India and worldwide.

Mahanth Mallikarjuna, Founder & CEO, MERGEN, said, “The launch of our Center of Excellence for ServiceNow strengthens our commitment to delivering greater execution speed, operational efficiency, and business value for our growing client base. The CoE will focus on building industry-specific solutions, accelerating project execution through low-code and AIOps capabilities, expanding into new verticals, and growing our certified talent pool to support evolving client needs."

In his address Ganesh S. Lakshminarayanan, GVP, Sales and Managing Director, India and SAARC said “MERGEN’s new ServiceNow Center of Excellence comes at a critical moment in India’s enterprise AI journey. In our recently launched Enterprise AI Maturity Index that clearly shows 68% of Indian leaders are still defining the skills and strategies needed to fully leverage AI. MERGEN’s investment in talent, platform expertise, and industry-specific solutions plays an important role in supporting this evolution. We look forward to working together to help businesses simplify operations and unlock greater value through AI-driven transformation.”

The CoE will offer end-to-end implementation and managed services, supporting both greenfield and brownfield ServiceNow deployments. Its solution portfolio spans core modules such as ITOM, CSM, IRM, ITAM, SPM, AIOps, and industry solutions such as OTSM, TSM, PSDS, FSM, and ERP modernization, positioning Mergen to deliver tailored, scalable solutions across diverse business needs.

Mergen’s successful implementations include AI-powered telehealth in healthcare, optimized supply chain solutions in manufacturing and logistics, and cloud-based transformations in retail and telecom, which empower clients to overcome industry-specific challenges and achieve scalable growth.

About Mergen

Founded in 2015, MERGEN is a global technology services company offering software engineering, cloud-native development, ServiceNow and Salesforce implementation, analytics, and Workday consulting. With a team of 350+ professionals, MERGEN has delivered 800+ successful workload migrations and served 100+ clients across industries.

MERGEN Corporate Private Limited is a future-driven, leading technology services company enabling clients to shape digital transformation. ServiceNow (NYSE: NOW) is the leading digital workflow company, which delivers a better experience for customers and employees.

Tesla Rival BYD to Set Up Its First EV Factory in India Near Hyderabad

BYD, the world's largest electric vehicle manufacturer, is set to establish its first production facility in India near Hyderabad, Telangana. This move marks a significant milestone for India's EV sector, as Telangana will become the first Indian state to host a BYD factory. The facility is expected to produce up to 600,000 EVs annually within the next seven years.

The Telangana government has proposed three potential sites for the factory, and BYD representatives are currently evaluating them. This initiative could also lead to the development of ancillary industries manufacturing EV components, creating an automotive hub around Hyderabad.

BYD's entry into India comes at a time when the country is witnessing rapid growth in its EV market, with favorable policies and increasing demand.

Notably, BYD has a small assembly base in Tamil Nadu for electric buses. This facility plays a key role in BYD's strategy to establish a foothold in India's growing EV sector. While the current operations are limited in scale, the company has ambitious plans to expand its presence in India, including setting up a large-scale manufacturing facility near Hyderabad.

BYD's primary manufacturing hubs are in Shenzhen, Xi'an, and Changsha. These facilities produce a wide range of EVs, batteries, and components. BYD has a factory in Lancaster, California, focused on electric buses and trucks.

In Brazil, BYD has a facility in Campinas specializes in electric buses and solar panels.

When it comes to pricing, BYD's vehicles are generally more affordable than Tesla, making them accessible to a broader audience. Tesla's premium pricing targets a different segment.

BYD Vs Tesla

BYD has a significant edge in manufacturing scale, producing both EVs and batteries in-house. In 2024, it sold 1.79 million vehicles globally, surpassing Tesla's 1.37 million.

BYD's Blade Battery, a lithium iron phosphate (LFP) battery, is known for its safety, durability, and cost-effectiveness. Tesla, on the other hand, uses a mix of LFP and nickel-based batteries, focusing on energy density.

BYD dominates the Chinese market and is expanding rapidly in other regions, including India. Tesla leads in Western markets like the U.S. and Europe but faces challenges in markets with high import duties, such as India.

Both companies are pioneers in EV technology. Tesla is renowned for its autonomous driving features and software integration, while BYD excels in cost-efficient manufacturing and energy solutions.

Oaktree Expands India Presence with New Office in Hyderabad

Oaktree Capital Management, L.P. (“Oaktree”), a leader among global investment managers specializing in alternative investments, opened the doors to its new office in Hyderabad, India, in HITEC City.

Oaktree’s decision to expand its operations in India underscores its commitment to the region and recognition of the exceptional local talent. This move will enable the firm to attract, retain, and develop Oaktree employees in Hyderabad, and deliver high quality service to both internal and external stakeholders around the world.

"We are thrilled to establish our presence in Hyderabad, a city known for its vibrant business environment, innovation, and skilled workforce," said Howard Marks, Co-Chairman of Oaktree, at the inauguration of the new office.  "Oaktree Hyderabad represents our steadfast dedication to operational excellence and our belief in the immense opportunities that India presents."

Oaktree’s leaders come together to celebrate the opening of the firm's new office in Hyderabad

The entrance of Oaktree's newly inaugurated Hyderabad office, marking the firm's expansion in India

Ajay Maddali has joined Oaktree as Human Resources Director for Hyderabad.  He will be instrumental in developing and implementing Oaktree’s local HR model and fostering the company’s culture.  Ajay brings a wealth of experience in HR and management consulting, most recently serving as Head of HR for India at Franklin Templeton.

“I am delighted to join Oaktree and contribute to this exciting expansion in India,” said Ajay Maddali. “Opening an office in Hyderabad signifies the tremendous long-term opportunities that Oaktree sees in India to scale its global operations, improve quality of service, and actively recruit top talent from the local community.”

Oaktree is one of the largest and most active investors in Indian private credit, having deployed more than US$4 billion since 2018.  The Hyderabad office is Oaktree’s second in India, following the Mumbai office, which opened in 2023 under the leadership of Gaurav Parasrampuria, Head of Asia of Oaktree’s Global Opportunistic strategy.  Oaktree has offices in 24 cities worldwide, including nine in Asia Pacific: Hyderabad, Hong Kong, Singapore, Sydney, Tokyo, Mumbai, Shanghai, Beijing, and Seoul.

About Oaktree

Oaktree is a leader among global investment managers specializing in alternative investments, with US$202 billion in assets under management as of December 31, 2024. The firm emphasizes an opportunistic, value-oriented, and risk-controlled approach to investments in credit, equity, and real estate. The firm has more than 1,200 employees and offices in 24 cities worldwide. For additional information, please visit Oaktree’s website at http://www.oaktreecapital.com/.

HCLTech Opens New Global Delivery Center in Hyderabad

Sri Anumula Revanth Reddy, Hon'ble Chief Minister of Telangana, today inaugurated HCLTech’s new global delivery center in Hyderabad. He was joined by Sri D. Sridhar Babu, Hon’ble Minister for Information Technology, Government of Telangana and C Vijayakumar, CEO & Managing Director, HCLTech.

Located in the Hi-Tech City, the 320,000 sqft facility will house 5,000 IT employees and comes with Gold Certification from the Indian Green Building Council, underscoring HCLTech's commitment to sustainable business practices.

Sri Anumula Revanth Reddy, Hon'ble Chief Minister of Telangana

Inaugurating the Delivery Centre, Sri Anumula Revanth Reddy, Hon'ble Chief Minister of Telangana, stated, “Telangana and Hyderabad are among the fastest growing states and cities in India. Over the past year, we have received the highest investments and today have the highest AI adoption in the country. We are committed to making Telangana a trillion-dollar economy under the Telangana Rising initiative. As a global company, HCLTech has made India proud. Today, with this new world-class facility, HCLTech will do great things out of Telangana.”

Sri D. Sridhar Babu, Hon’ble Minister for Information Technology, Government of Telangana, said, "Telangana is rapidly transforming into a trillion-dollar economy, driven by innovation, a skilled workforce, and a strong business-friendly environment. Over the past decade, our state has become one of India's fastest-growing technology hubs, attracting global leaders in AI, cloud, and digital transformation. We are investing $15 billion under the Telangana 2.0 Growth Vision to accelerate this growth, strengthening infrastructure, skilling, and innovation. Hyderabad remains a top choice for global companies, and HCLTech’s decision to expand its global delivery footprint here further reinforces our position as a leading tech destination. This new center will drive cutting-edge advancements from Telangana to the world."

Speaking on the occasion, C Vijayakumar, CEO and Managing Director, HCLTech said, “We are in the midst of an exciting phase of technology evolution led by AI. HCLTech’s full stack portfolio and our people are helping enterprises unlock the power of these emerging technologies. Hyderabad is a strategic location in our global network to deliver these solutions to our clients and support the growth of Global Capability Centers in the city.”

The state-of-the-art delivery center is HCLTech’s fifth facility in Hyderabad. Located in Hi-Tech City, the 320,000-square-feet center will accommodate 5,000 employees and come with Gold Certification from the Indian Green Building Council, underscoring HCLTech's dedication to sustainable business practices.

HCLTech has been present in Hyderabad since 2007 and employs over 10,000 people in the city. 

IIT Hyderabad and Marvell Launches World's First Data Acceleration and Offload Research Facility at IIT Hyderabad

• The facility aims to provide access to Marvell’s DPUs, switches, CXL processors, and NICs, accelerating advancements in AI, Networking, and Security.
• Research shows up to one-third of AI/ML processing time is spent waiting for network access—this initiative aims to tackle that inefficiency.

Indian Institute of Technology Hyderabad (IITH) has inaugurated the Marvell® Data Acceleration and Offload Research Facility at IITH in collaboration with Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure Semiconductor solutions. This pioneering center is dedicated to advancing Network, Storage, and Security technologies, aiming to enhance the performance of accelerated data infrastructure.

The Marvell Data Acceleration and Offload Research Facility, the first of its kind globally, offers students, researchers, and industry professionals access to state-of-the-art Marvell technologies. These include Data Processor Units (DPUs), Switches, Compute Express Link (CXL) Processors, and Network Interface controllers (NICs). These resources are essential for accelerating Data security, Movement, Management, and processing across AI clusters, Cloud environments, and Networks. Industry research indicates that up to one-third of AI/ML processing time is spent waiting for network access and this initiative aims to tackle that inefficiency. A key feature of the facility is the availability of Marvell’s comprehensive software solution frameworks, optimized for developing solutions that leverage Integrated packet processing, Cryptography, and AI/ML accelerators within Marvell silicon.

The establishment of the Marvell Data Acceleration and Offload Research Facility follows the successful MLNetSec Workshop co-hosted by IITH and Marvell at the 26th International Conference on Distributed Computing and Networking (ICDCN) earlier this year. The workshop addressed key challenges in AI, Networking, and Cryptography, underscoring the importance of accelerated compute solutions in both academic and industrial research.

IITH and Marvell are committed to ongoing collaboration through joint courses, hands- on training, and research initiatives leveraging the facility's advanced infrastructure. Plans include hosting specialized workshops, conferences, and training sessions to foster innovation and empower future tech leaders in developing solutions for the evolving landscape of data infrastructure.

Prof. BS Murty, Director, IITH congratulated the team and emphasized that this partnership aligns with IITH's commitment to advancing technological research and education, positioning the institute at the forefront of accelerated infrastructure development.

Cary Ussery, Senior Vice President at Marvell, emphasized the significance of this collaboration: "The partnership between Marvell and IIT Hyderabad exemplifies the impact of academia-industry collaboration. By providing access to cutting-edge technologies, this initiative accelerates advancements in AI, Networking, and Storage, empowering the next generation of tech leaders to drive breakthroughs in data infrastructure."

Prasun Kapoor, Associate Vice President of Custom Compute and Storage at Marvell, added: "As cloud and AI infrastructure grow in complexity and scale, the need for innovation in technologies managing data flow between Servers, Processors, and Devices becomes paramount. Technologies such as DPUs, NICs, and interconnects will play a significant role in the evolution of AI. We look forward to deepening our collaboration with IIT Hyderabad and witnessing the outcomes of this initiative."

Prof. Antony Franklin, Head of the Department of Computer Science and Engineering at IITH, highlighted the facility's potential: "This research facility enables our students and researchers to engage with advanced technologies. It also establishes a platform for interdisciplinary research in emerging fields like AI/ML, Accelerated computing, Advanced encryption algorithms, and Network acceleration, paving the way for the next generation of technological innovation."

Dr. Praveen Tammana, Assistant Professor, Department of Computer Science and Engineering at IITH, noted: "The research facility will enable Marvell and IITH to conduct cutting-edge research and bridge the skill gap at the intersection of AI, Systems, Security, and Networks."

About Marvell:

To deliver the data infrastructure technology that connects the world, they’re building solutions on the most powerful foundation: their partnerships with their customers. Trusted by the world’s leading technology companies for over 25 years, they move, store, process and secure the world’s data with Semiconductor solutions designed for their customers’ current needs and future ambitions. Through a process of deep collaboration and transparency, they’re ultimately changing the way tomorrow’s enterprise, cloud, automotive, and carrier architectures transform—for the better.

About IIT Hyderabad:

IITH, established in 2008, as one of the second Generation IITs, has reached a respectable position in both academics, research, technology development and startups in the short span of 16 years. In the Indian National Ranking (NIRF), IITH is placed 3rd in Innovation (for both 2023 & 2024) and 8th among Engineering institutes in India (since 2019, except 2022).

It has 325+ full-time faculty, 5,350+ students (PG+PhD students accounting for about 60%). The institute has a strong research focus with Rs. 1400+ Cr of R&D funding (Rs. 250 Cr funding in 2023- 24), 11,500+ publications, 460+ Patents (210 patents in 2024), and about 260+ startups (that have generated 1100+ jobs and a revenue of Rs. 1500+ Cr). Follow us on Instagram, LinkedIn, Twitter, Facebook, and YouTube for the latest updates.

HCLTech Launches New Delivery Center in Hyderabad

HCLTech, a leading global technology company, has expanded its global delivery footprint in Hyderabad with the launch of a new center. The new center will provide cutting-edge cloud, AI and digital transformation solutions to global clients across industries such as hi-tech, life sciences and financial services.

Located in the Hi-Tech City, the 320,000 sqft facility will house 5,000 people and come with Gold Certification from the Indian Green Building Council, underscoring HCLTech’s commitment to sustainable business practices.

Hyderabad, with its world-class infrastructure and high-quality talent pool, has been a key location on HCLTech’s global network. The new center will bring cutting edge capabilities to our global client base and contribute to the local technology ecosystem, said C Vijayakumar, CEO & Managing Director, HCLTech. 

HCLTech has been present in Hyderabad since 2007. With the addition of the new center, its footprint will span five centers across the city with capacity of 8,500 seats. The city is home to esteemed institutions like the Indian School of Business (ISB), International Institute of Information Technology (IIIT) and Osmania University, which support a strong talent pipeline.

HCLTech is a global technology company, home to more than 220,000 people across 60 countries, delivering industry-leading capabilities centered around digital, engineering, cloud and AI, powered by a broad portfolio of technology services and products. We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Telecom and Media, Retail and CPG and Public Services. Consolidated revenues as of 12 months ending December 2024 totaled $13.8 billion. To learn how we can supercharge progress for you, visit hcltech.com.

Hyderabad Airport Become India's First to Implement AI-powered Digital Twin Platform

Rajiv Gandhi International Airport (RGIA) in Hyderabad has become the first airport in India to implement an Al-powered digital twin platform with a predictive operation center (APOC). This innovative system uses real-time data from over 40 parameters to optimize operations and enhance the passenger experience.

The AI-powered digital twin platform at Rajiv Gandhi International Airport in Hyderabad was developed by GMR Airports. They collaborated with various technology partners to integrate advanced digital technologies, including AI, IoT, and real-time analytics, to create this innovative system.

We take immense pride in presenting The Digital Twin Platform to power the next-generation Airport Predictive Operations Centre (APOC). This marks the beginning of a new era for GMR Aero flagging off at #RGIAirport, Hyderabad.

Come and witness unparalleled passenger experience… pic.twitter.com/aCYvGSqXuF

— RGIA Hyderabad (@RGIAHyd) December 11, 2024

Key Features:

• Integration: Combines airside, landside, and terminal operations into a unified system.
• Real-Time Data: Uses IoT and sensors to collect data for quick decision-making and seamless operations.
• Predictive Analytics: Employs Al and prescriptive analytics to proactively address operational challenges. 
• Enhanced Passenger Experience: Reduces wait times, optimizes passenger flow, and ensures personalized services.

Union Civil Aviation Minister Kinjarapu Ram Mohan Naidu praised the initiative, calling it a potential model for other airports nationwide. The technology is expected to be deployed at other GMR-operated airports, including Delhi Airport, in the coming months.

GMR Airports Limited, formerly known as GMR Airports Infrastructure Limited, is a leading global airport platform company. They have over two decades of experience in designing, constructing, and operating world-class sustainable airports.

In India, GMR Airports operates several key airports including Indira Gandhi International Airport in Delhi, Rajiv Gandhi International Airport in Hyderabad, and Goa International Airport.

GMR Airports also operates Mactan Cebu International Airport in the Philippines and Kualanamu International Airport in Indonesia.

Mahindra to Skill 500 Women to Become Drone Pilots; Inks MoU With Ministry

Mahindra & Mahindra Ltd., a leading farm equipment company, has signed a Memorandum of Understanding (MoU) with the Ministry of Skill Development and Entrepreneurship (MSDE) to launch the Drone Didi Yojana. This initiative aims to train 15,000 women to operate drones for agricultural purposes, such as fertilizer sowing, crop monitoring, and seed sowing.

The program will conduct two pilot projects at the National Skill Training Institutes (NSTI) in Hyderabad and Noida. These pilots are designed to skill 500 women in exclusive batches of 20, with a 15-day curriculum approved by the Directorate General of Civil Aviation (DGCA). The training will be delivered by Remote Pilot Training Organisation (RPTO) instructors.

Within this partnership, the NSTIs will provide infrastructure for running the training programme, hostel for participants and tap into local Women Self Help Groups and NGOs to mobilise participation. Mahindra Group will provide initial set-up support through simulation machinery/drones, simulator controller, simulator software, Desktop computer with i5 Processor and trainers, and meet the operating costs for the duration of the Pilot project, including the cost of DGCA License Holder Instructors at the centres.

As a further support to the intent of the Drone Didi Yojana, Mahindra will soon roll out Drone training for women at the company’s skilling centres at Zaheerabad, Telangana and Nagpur, Maharashtra.

Speaking about the initiative, Dr. Anish Shah, Group CEO & MD, Mahindra Group said, “Aligned with our Rise philosophy, the Mahindra Group is committed to empowering the women with the skills necessary to join the workforce and achieve financial independence. The pilot under the Drone Didi Yojana represents a first-of-its-kind convergence of women, farming, and technology. We are absolutely delighted to provide technology training to grassroots women and ensure that agriculture is equipped for the future."

Shri Atul Kumar Tiwari, Secretary, MSDE, said, "We are excited to announce our partnership with Mahindra & Mahindra Ltd., leveraging their agricultural expertise for comprehensive training. Two NSTIs in Hyderabad and Noida have been chosen for the pilot program, with the goal of empowering rural women in agriculture. This collaboration advances our mission of upskilling women for nation-building, particularly through the successful implementation of the Drone Didi program in empowering women in emerging trades. I firmly believe that this collaboration with Mahindra will advance our vision, equipping women with the skills needed to contribute to nation-building. Building on our past successful collaborations with leading technology industry partners, this initiative represents the beginning of many collaborative projects with Mahindra. Through rigorous training methodologies and hands-on learning experiences, we will equip our students with the practical skills and competencies required to excel in their chosen fields and make meaningful contributions to the nation's socio-economic growth."

This partnership represents a unique convergence of women, farming, and technology, and is aligned with Mahindra's Rise philosophy, which is committed to empowering women to join the workforce and achieve financial independence. The initiative also supports MSDE's mission of upskilling women for nation-building, particularly through the successful implementation of the Drone Didi program in empowering women in emerging trades.

SIDBI Grants ₹ 12.45 Cr to ETO Motors to Deploy 300 Electric 3-Wheelers in Delhi, Hyderabad and Build EV Charging Infrastructure

Small Industries Development Bank of India (SIDBI) has granted INR 12.45CR to ETO Motors to deploy 300 Electric 3-wheelers in Delhi and Hyderabad and also build an EV Charging Infrastructure to support the deployment

The Small Industries Development Bank of India (SIDBI) has granted INR 12.45 CR to ETO Motors to deploy 300 Electric 3-Wheelers (E3W) in Hyderabad and Delhi for first and last-mile passenger connectivity. ETO Motors, as part of the financial support, will also build an EV Charging Infrastructure to support the deployment of 300 E3Ws in Hyderabad and Delhi.

The financial support to ETO Motors is under SIDBI’s Mission 50K-EV4ECO which aims at strengthening the EV ecosystem in India, including uptake for two, three and four-wheelers through direct and indirect lending. The objective of this scheme is to provide access to affordable financing for electric vehicles and to develop charging infrastructure, including battery swapping.

As part of the funding, ETO Motors will deploy three hundred Electric 3-Wheelers, in the cities of Delhi and Hyderabad, over the next 3 months. ETO Motors will also set up 180 Charging points, in the two cities, to support the E3W deployment.

ETO Motors is one of very few EV players that have received financial support from SIDBI under its Mission 50K-EV4ECO scheme. This is a testament to ETO Motors which is India’s largest Electric Mobility as a Service (EMaaS) company. Currently, ETO Motors partners with metro rails like Delhi Metro, Nagpur Metro, Hyderabad Metro, and Pune Metro for passenger first and last mile connectivity. ETO Motors manages over 1,500 E3Ws ( Passenger + Cargo) and has over 1,500+ drivers, including 200 women drivers.

 

Speaking at the occasion of SIDBI choosing ETO Motors under the mission 50K-EV4ECO scheme, Dr. Karthik S. Ponnapula, Director, ETO Motors said, “We are extremely thrilled to have been chosen by SIDBI under its 50K-EV4ECO scheme. This is a testament to our work in the EV/ E3W space as we move forward to help fulfil our country’s EV mission 2030. The financial support will synergize our capabilities in manufacturing state-of-art E3Ws and managing them as a fleet to optimize performance. It will also support our charging infrastructure initiative which is an essential requirement for the growth of EVs in the country.”

The E3Ws will be manufactured in ETO Motors’ state-of-art manufacturing capacity in Jadcherla, Telangana which also includes a modern research and development lab. The E3Ws are manufactured with a focus on safety (only e3W in India with a seatbelt) and technology, incorporating a fully integrated Vehicle Control Unit and IoT connected platform.

About ETO Motors

ETO Motors is India’s largest eMaaS (Electric Mobility as a Service) company with a fleet of over 1500 e3Ws (Electric Three Wheelers) under management.

It has, though its experience and expertise in managing electric fleets, collaborated with multiple ecommerce, grocery, B2B companies - Amazon, Flipkart, Big Basket, Ikea - for their first and last mile connectivity.

It is also driving growth in passenger market through tie-ups with ride aggregators (Uber), last mile delivery solution (Amazon, FlipKart, BigBasket, Gati, DHL, Blue Dart, Bisleri, ShadowFax, BlowHorn, Exide etc ) and with metro rails like Delhi Metro, Nagpur Metro, Hyderabad Metro, Pune Metro, Bengaluru Metro and Chennai Metro for passenger first and last and last mile https://www.facebook.com/photo.php?fbid=473526441463585&set=a.422887116527518&type=3&mibextid=rS40aB7S9Ucbxw6v.

Draper Start-up House unveils Largest Global Co-Living Co-Working Space in Hyderabad

Draper Start-up House, the international entrepreneurial ecosystem, is proud to announce the launch of its largest co-living co-working community space in Hyderabad. This monumental endeavour signifies a new era in collaborative living and working for entrepreneurs, start-ups, and digital nomads worldwide.

Shri Jayesh Ranjan, Principal Secretary of the Industries & Commerce (I&C) and Information Technology (IT) Departments - Telangana government along with Ajit Rangnekar, Director General, RICH, Mahankali Srinivas Rao, CEO, THub, Ramesh Loganathan, Professor, CoInnovation, Ramadevi Lanka, Director, Emerging Technologies, Deepanwita Chattopadhyay, Chairman and CEO, IKP Knowledge Park, Srinivas Kollipara, Group President, Startup Ventures at XELPMOC inaugurated the new co-living co-working community space at Gachibowli. Others in attendance included Vikram Bharati, Founder of Draper start-up House, Karan Bahadur,Co- Founder of Draper Start-up House, India along with the Hyderabad team Chaitanya Kokku, Director and Vinutha Rallapalli- Chief Community Officer, Draper Start-up House – Hyderabad.250+ attendees including investors, mentors, startups, incubator heads were present for the launch.

Hyderabad has become a hub for innovators and start-up’s with over 8,000 start-up’s and 75+ incubators, Hyderabad provides a thriving environment for innovation, entrepreneurship, and collaboration. Incentives, tax breaks, and streamlined regulatory frameworks attract and encourage the establishment and growth of start-ups.

With a staggering capacity of 108 beds, this new innovative space sets a precedent in the realm of co-living co-working spaces, solidifying Draper Start-up House as a pioneer in the global entrepreneurial landscape.

"Hyderabad’s burgeoning start-up ecosystem has captivated our attention, and we are thrilled to plant our roots in this vibrant city," stated Vikram Bharati, Founder of Draper start-up House. "Our vision is to create a haven where entrepreneurs can thrive, collaborate, and innovate together, shaping the future of business globally” he added.

Designed to foster innovation and community building, the launch of this co-living & co-working space in Hyderabad marks a significant milestone in Draper start up House's mission to empower entrepreneurs worldwide. Premier institutions like IIT-Hyderabad, IIIT-H, and ISB, along with organisations like RICH, TASK, TSIC, and T-Works, contribute to a diverse talent pool and foster innovation through partnerships and knowledge exchange.

"We believe in providing not just physical spaces but a comprehensive ecosystem that nurtures start-ups from ideation to global expansion," shared Karan Bahadur, Founder of Draper Start-up House. "This launch represents our commitment to supporting entrepreneurial endeavours, driving progress, and creating a dynamic global network of successful start-up’s."

"Fuelling innovation, fostering connections, and celebrating diversity – our co-working co-living space in Hyderabad is where collaboration meets creativity, and dreams find a home. Elevate your productivity in a community that inspires success." said Vinutha Naga Rallapali- Chief Community Officer, Draper Start-up House - Hyderabad.

Looking ahead, Draper start-up House is poised to expand globally, establishing co-living and co-working spaces in over 100 countries by 2030. Additionally, collaborations with global organizations and industry leaders aim to create an international Chamber of Commerce for start-up’s, furthering the support and opportunities available to entrepreneurial ventures.

This launch cements Draper start-up House's commitment to fostering a dynamic ecosystem where start-up’s find not only physical spaces but also educational services, venture capital, and technology support essential for their journey.

About Draper Startup House: Draper Startup House is an international entrepreneurial ecosystem that provides an exceptional opportunity for startup founders to connect, learn, and grow their businesses. With a network of locations in 20 countries, our mission is to expand to 100 countries by 2030 and create one million new businesses worldwide through our global business ecosystem. Their community welcomes digital nomads, remote workers, and startup founders from all corners of the world. The startups can immediately connect with a diverse pool of global angel investors, syndicates, VCs, and other startup investors, including the Draper Startup House Ventures Fund. They believe that the community is a unique blend of local hospitality for entrepreneurs and a global resource for successful startups, and they are committed to assisting you to GO BIG, pay it forward, and drive progress together.

Swimlane Opens AI-Enabled Security Automation, Innovation R&D Center in Hyderabad, to Staff 200 Specialists

Swimlane Opening in Hyderabad

Largest Pure-Play Security Automation Company Rapidly Expands R&D into Leading Regional Cybersecurity Innovation Hub

The Innovation center plans to staff 200 Turbine low-code automation platform specialists.

Swimlane, the largest pure-play AI-enabled security automation company, announced today the opening of its Regional Cybersecurity Innovation, and R&D center in Hyderabad, India.

The new location will serve as a strategic hub for product development functions and includes operational functions for engineering, customer success, support, and finance. The company aims to grow its engineering team resources from 75 engineers today to a team of 200 in 2024.

Swimlane opening

This expansion at Hyderabad centre will further advance the development of the Swimlane Turbine low-code security automation platform with complementary artificial intelligence (AI) capabilities that are already helping security operations teams worldwide overcome security alert fatigue, data overload, and chronic staffing shortages.

Frans Xavier, CTO for Swimlane

“We’re excited to open our new office in a global hub for innovation and talent,” said Frans Xavier, Chief Technology Officer for Swimlane. “Security automation is one of the hottest segments of cybersecurity, and our new R&D facility serves a critical role in helping maintain our leadership position in automation. We look forward to tapping into India's top technical talent to continue building a world-class team of security automation experts.”

“Swimlane is shaping the future of security, and this expansion in India is a major step forward,” said Cody Cornell, Swimlane Co-Founder and Chief Strategy Officer. “We're not just keeping pace with the future; we're shaping it by unlocking new efficiencies and expanding the possibilities with AI across a multitude of real-world use cases. Every enterprise and MSSP needs an automation platform, and with our continued investments, only Swimlane can deliver the automation outcomes customers expect.”

Cody Cornell, Founder, Swimlane

“With an expanded R&D presence in India, Swimlane will have the opportunity to further advance the current generative AI capabilities of Swimlane Turbine and enable security operations teams to tap into the best AI has to offer to more efficiently solve the toughest security challenges, both inside and outside the SOC. This includes use cases for security-adjacent departments like governance, risk, compliance, and fraud.” Cody added.

Expanding India Presence to Meet Growing Demand

As the world's most populous country and one of its fastest-growing economies, India has a vast pool of skilled resources and a cybersecurity market projected to reach $3.5 billion by 2027. The new Swimlane R&D center will be the company’s largest concentration of engineering resources, supercharging the development and delivery of its Turbine low-code automation platform.

Investments Bolster AI Advancements

With continued investments in talent and technology, Swimlane is well-positioned to continue outperforming the competition while setting new industry standards for security automation. AI is one of those key investments. Swimlane Turbine combines the power of AI with human-in-the-loop, low-code automation to augment outcomes for the entire security organization. One example is an AI-driven ChatBot that generates scripts, provides Python outputs and tests actions to build playbooks with transformation logic in as little as 25 seconds.

About Swimlane

Swimlane is the leader in AI-enabled, low-code security automation. Swimlane unifies security operations in-and-beyond the SOC into a single system of record to reduce process and data fatigue while quantifying business value and security effectiveness. The cloud-scale Turbine platform combines human and machine data into actionable intelligence for security leaders. For more information, visit swimlane.com.

Germany's Water Tech Firm SKion Water Acquires Majority Stake in Hyderabad-based Sanpure

Water technology investment company, SKion Water, a subsidiary of SKion GmbH founded by German entrepreneur Susanne Klatten, has acquired majority stake in Hyderabad-based Sanpure Systems Pvt Ltd, which provides high purity water systems to pharma and biopharma companies.

According to a Times of India report, the acquisition deal is expected to be sealed for about $9-10 million and will mark SKion Water’s entry into the high purity water and process equipment business.

The report quoted SKion Water CEO Dr Rei-nhard Huebner saying — the firm has acquired 51% stake in the Hyderabad-based firm with the remaining held by Sanpure founder Basavaraj Nekar.

Founded in 2012, by Basavaraj Nekar, Sanpure Systems Pvt. Ltd. is a company fully dedicated for providing custom engineered solutions for pharmaceutical High purity water systems.

Post acquisition, Sanpure will integrate with SKion Water and the German water technology group will be using the combination of Sanpure and an another SKion group company, Paques, to develop a footprint in the Indian market.

With in-house electropolishing facility, Sanpure is amongst very few with fully integrated facility in India. The Hyderabad based water tech company is among the very few in India, with an automated polishing machines that can deliver high surface finish uniformly and very fast.

With over 36000 Sq. Ft of manufacturing area, Sanpure is well equipped to provide highly customized Process Equipment and Systems for the development and manufacturing of biopharmaceutical products like vaccines,mAB, rDNA protiens, blood fractionation among others. Sanpure caters to industries like –Pharmaceuticals , Bio-Pharmaceuticals, API, Food & Beverages Semi-Conductors.

About SKion Water, it was started in 2011 by Sussane Klatten and is an international water and wastewater technology solution platform which provides reliable and efficient water and wastewater treatment solutions to municipal utilities as well as industrial and commercial water users. It also aims at the development and implementation of innovative water technologies.

In April this year, EnviroWater Group, which belongs to SKion Water, acquired 100% of the company shares of Schweitzer‑Chemie GmbH, a German firm that offers cooling water systems as well as steam boiler systems, ventilation and air conditioning systems, drinking water installations, and other water-carrying systems.