National Traders’ Conference and Bhamashah Felicitation Ceremony Held on 45th Foundation Day of Bharatiya Udyog Vyapar Mandal

August 10, 2026

Developed India will be created only by promoting trade and business: Arjun Ram Meghwal

New Delhi, 9th August 2026: A grand National Traders’ Conference and Bhamashah Felicitation Ceremony was organised at the Constitution Club of India, New Delhi, to mark the 45th Foundation Day of the Bharatiya Udyog Vyapar Mandal (BUVM). The programme was presided over by the organisation’s National President, Shri Babulal Gupta (Rajasthan), and was effectively conducted by National Senior General Secretary Shri Mukund Mishra (Uttar Pradesh).

Around 1,000 trader representatives from 24 states and two Union Territories participated in the conference, demonstrating the unity, organisational strength and national coordination of the trading community.

Union Minister for Law and Justice Shri Arjun Ram Meghwal was the Chief Guest at the event. He said that promoting trade and business is essential to achieving the goal of a developed India. He emphasised that accelerating trade and commerce is necessary to expand the size of the country’s economy. He assured the traders that the government would take necessary steps to address their concerns on issues related to GST, online trade and other matters concerning the business community.

Durg Lok Sabha MP Shri Vijay Baghel, Rajya Sabha MP Smt. Sadhna Singh, former MP and Senior Vice President of the Uttar Pradesh Udyog Vyapar Mandal Shri Bhairav Prasad Mishra, along with several other public representatives and senior trade leaders, were present at the event.

Among the national and state office-bearers and representatives present were Shri Mohan Gurnani and Shri Kishor Bhai Kharawala from Maharashtra; Shri Taraknath Trivedi from West Bengal; Shri Rajpurohit and Shri Anurag Singla from Karnataka; Shri Prakash Mishra from Uttarakhand; Shri Hemant Gupta, Shri Prem Arora and Shri Rakesh Yadav from Delhi; Shri Sujit Roy from Tripura; Shri Prahlad Khandelwal from Odisha; Shri Ashok Modi from Chhattisgarh; Shri Gopal Agarwal and Shri Rajesh Jain from Madhya Pradesh; Shri Raju Apsara from Kerala; Shri Soundarya Rajan from Tamil Nadu; Shri Vijaylaxmi Gupta and Shri Bhanu Ji from Haryana; Shri Ranjan Agarwal and Shri Pyarelal Seth from Punjab; Shri Charanjit Singh and Shri Sanjeev from Chandigarh; and Shri Rajendra Prasad Gupta, Shri Dilip Seth, Shri Sunil Pandey and Shri Ashok Kansal from Uttar Pradesh, among several other senior office-bearers and trader representatives.

The conference called for increasing the target from 500 to 1,000 districts to promote local products, local trade and local tourism and advance the vision of ‘Local for Global’. National President Shri Babulal Gupta said that promoting local production, trade and tourism would strengthen employment and economic activity in districts and help connect traditional skills and crafts from villages with global markets.

The conference also discussed several key issues, including the need for a clear and effective regulatory framework for online trade; protection of small and traditional traders; addressing the unequal competition arising from e-commerce and mall culture; strengthening MSMEs; promoting the concept of “Investment in the District, for the District”, and establishing trader assistance groups in every district.

Several other major demands concerning the trading community were also discussed, including One Nation–One Mandi Tax, limiting mandi cess to 0.50 per cent, an amnesty scheme for the resolution of GST and old VAT cases, relief from GST on rented shops and houses, reduction in interest on delayed GST payments, and simplification of FSSAI regulations. It was decided that detailed proposals on these issues would be submitted to the Central Government.

Speakers recalled that the late Shri Shyam Bihari Mishra, the founder of the Bharatiya Udyog Vyapar Mandal, who was a four-time Member of Parliament and a prominent leader of the traders’ movement, had initiated the movement for trader unity and protection of traders’ interests nearly 45 years ago. They said that the movement has today evolved into a strong national organisation. All state, district and city-level units of the organisation continue to work towards protecting and strengthening the interests of the trading community in line with the same vision.

National President Shri Babulal Gupta congratulated the various state units of the organisation for successfully conducting traders’ conferences and training programmes across the country. He said that the Bharatiya Udyog Vyapar Mandal has emerged as a strong national voice for the trading community from Kashmir to Kanyakumari.

The National President congratulated and extended his best wishes to the entire Delhi Pradesh team of the Bharatiya Udyog Vyapar Mandal for successfully organising the event. He also expressed special gratitude to the Federation of All India Food Grain Dealers Association for its important support as a partner organisation in the event.

At the conclusion of the programme, National President Shri Babulal Gupta announced that a “Local to Global National Trade Conference” would be organised at Bharat Mandapam, New Delhi, in January 2027. The conference will aim to provide fresh impetus at the national level to youth entrepreneurship, local trade, local production, local tourism and the “One City–One Product” initiative.

Contact: Shri Mukund Mishra National Senior General Secretary Bharatiya Udyog Vyapar Mandal Resident – Kanpur District, Uttar Pradesh 7905623840

Nvidia to invest up to $3 Billion in Texas Power Firm Lancium

BRL Editor

August 8, 2026

Nvidia plans to invest up to $3 billion in Lancium, the Texas-based power infrastructure developer behind the Stargate data centre campus, according to a report.

The chipmaker is expected to make an initial investment of $2 billion for a stake of roughly 20% in Lancium, which is backed by Blackstone, the report said. Nvidia could commit a further $1 billion if Lancium meets certain thresholds, including grid hookups.

Under the proposed transaction, Lancium and its portfolio of land and power connections would carry an enterprise value of around $10 billion, according to reports.

The investment would provide Lancium with additional capital as it expands its operations and considers a potential initial public offering in 2027, the report said, citing people familiar with the matter.

Lancium has emerged as a key infrastructure player in the development of AI data centre capacity. The company owns the 1,000-acre Lancium Clean Campus in Abilene, Texas, which serves as the first operational site of the Stargate initiative.

Stargate is a joint venture between SoftBank, OpenAI and Oracle focused on building data centres. The project was announced in January by U.S. President Donald Trump, who said the companies would invest up to $500 billion to develop infrastructure for artificial intelligence.

The potential Nvidia investment comes as AI infrastructure developers face growing requirements for computing capacity as well as reliable power and grid connectivity. Lancium’s land holdings and power connections therefore form a central part of the proposed transaction’s valuation.

If completed as reported, Nvidia’s investment would deepen its involvement in the infrastructure supporting AI computing while providing Lancium with significant funding to expand its portfolio and pursue its longer-term growth plans, including a potential 2027 IPO.

Superleap secures Rs 36-Cr to build AI-native CRM platform

BRL Editor

August 8, 2026

Superleap secures Rs 36-Cr to build AI-native CRM platform — Subham Kumar Boundia, Alok Maurya and Saurabh Maheshwari, co-founders, Superleap

Enterprise AI CRM platform Superleap has raised Rs 36 crore in a pre-Series A funding round led by Peak XV’s Surge. The company will use the fresh capital to expand its enterprise go-to-market operations, strengthen its product and platform capabilities, and accelerate the development of the AI-native CRM category in India.

Superleap is targeting a shift in how enterprises use customer relationship management platforms. While traditional CRMs have largely served as systems of record, the company is building an AI-native architecture designed to support revenue teams and enable deployment within weeks without business disruption.

The startup was founded by Subham Kumar Boundia, Alok Maurya and Saurabh Maheshwari. The founders previously worked at Unacademy during its early years, where they experienced the limitations of legacy CRM systems and eventually developed an in-house platform for sales teams.

The trio later founded Altworld, a Peak XV’s Surge-backed venture, before returning to enterprise software and the CRM segment.

Superleap has grown 10x over the past year and now serves customers across BFSI, SaaS, education, healthcare, travel and hospitality, and media. Its enterprise customer base includes Razorpay, Aakash Education, MediBuddy, HCL GUVI, Cars24, PagarBook, Plum, Qube Cinema, and Superhealth.

Commenting on the fundraise, Subham Kumar Boundia, Co-founder & CEO, Superleap, said, “Superleap has a simple ambition: to make companies love their CRM again. As revenue teams increasingly move towards AI-native systems, we believe real AI adoption cannot happen without a change in the core system of record. We are building an agentic operating system that can actively support the entire revenue motion driven by humans & AI agents in tandem, enabled through an in-house Forward Deployed Engineering service model. This fundraise will help us accelerate our product development, expand our enterprise presence, elevate the customer service standards further and advance our mission of reimagining the CRM category for modern revenue teams.”

The company has also highlighted deployments with large enterprises. Razorpay migrated 10M+ data records to Superleap in 45 days without business disruption, while Aakash Education transitioned around 5K counsellors across 400 locations in India in under 60 days. According to Superleap, the Aakash deployment enabled 5X faster change management and reduced sales technology costs by over 50%.

Superleap’s platform uses a three-layer architecture comprising SuperOS, a unified data platform; SuperSense, a customer-intelligence layer; and SuperAgents, an agentic layer that automates tasks across the revenue cycle.

The platform also offers AI voice bots, conversational intelligence, omnipresent Superleap AI and MCP integrations. These capabilities allow users to interact with their CRM through tools including WhatsApp, Slack, MS Teams, Claude and ChatGPT.

Through Superleap Deploy, the company offers a less than two-month deployment guarantee and zero-disruption migration. Its in-house Forward Deployed Engineers support enterprise rollouts, with the company positioning deployment speed and adoption as key differentiators from legacy CRM platforms.

Customer feedback has also highlighted the platform’s migration capabilities and AI features. Tejas Gowda, VP, Product, Razorpay, said, “Superleap is a modern CRM that exceeded our expectations. From day one, we had complete platform parity with our previous CRM, along with powerful built-in generative AI capabilities that have meaningfully improved our sales enablement workflows. The AI features have helped our account managers work more efficiently, surface relevant insights faster, and spend more time engaging with customers instead of managing CRM tasks. Overall, Superleap has delivered a fast implementation, a modern and easy-to-use platform, and AI capabilities that have added real value to our sales teams. It’s been a fantastic experience, and we would strongly recommend it to any organization looking for a next-generation CRM platform.”

Cars24 Group also cited the speed of implementation and AI capabilities. Siddarth Khandelwal, Cars24 Group, said, “Partnering with Superleap has been a genuine step-change for us. What stood out immediately was their speed of execution — they moved fast, understood our requirements, and had a working solution in our hands far quicker than we’re used to. Their AI capabilities have been the real differentiator: intelligent lead prioritization and automation that took a lot of manual guesswork out of the funnel and let our team focus on the conversations that matter. Along the way, they helped us streamline processes that had been clunky for years, and the efficiency gains have been felt across the whole vertical. Superleap has been a proactive, sharp partner.”

Aakash Education’s CBO’s Office also highlighted its migration experience. Shikhar Singh, CBO’s Office, Aakash Education, said, “Migrating from Salesforce to Superleap in just <45 days was an incredible achievement and a testament to the collaboration between both teams. By bringing lead management, telephony, payments, and reporting onto a single platform, we’ve created a unified sales ecosystem that simplifies operations and provides better visibility across the customer journey. Superleap’s native AI capabilities are especially exciting and have the potential to further strengthen our sales enablement through smarter insights, automation, and decision-making.”

With the latest funding, Superleap plans to deepen its enterprise presence while continuing to develop its AI-native CRM platform. The startup’s strategy centres on combining faster deployment, extensive customisation, enterprise-grade reliability and in-house implementation as it seeks to build an alternative to legacy CRM systems.

Crossway Hotels & Resorts launches Petit Palais in Pondicherry’s White Town

BRL Editor

August 8, 2026

Crossway Hotels & Resorts has expanded its portfolio with the launch of Petit Palais by Crossway, a boutique hotel located on Suffren Street in the heart of White Town, Pondicherry. Housed in a restored French Colonial heritage building, the property combines historic architecture with contemporary comforts.

The hotel features 15 classic rooms, each designed around the character of French Colonial architecture. Intricate detailing and vintage-inspired aesthetics create a refined setting, while in-room amenities include freshly ground coffee, dark and green leaf teas, French press coffee makers and tea brewing sets.

Petit Palais also features a rooftop restaurant and bar overlooking the pool, offering views of the ocean and Pondicherry coastline. The dining venue serves a combination of global and local favourites, offering guests a setting for relaxed meals and memorable evening experiences.

For dessert and bakery offerings, La Boulangerie at Petit Palais serves artisanal desserts, freshly baked breads and premium coffees in an inviting setting.

The property’s location provides convenient access to Pondicherry’s beach and popular tourist attractions. Its location in White Town allows travellers to combine leisure with cultural and heritage exploration.

Speaking on the launch, Yangya Prakash Chandran, CEO & Founder, Crossway Hotels & Resorts, said, “Petit Palais by Crossway is a celebration of Pondicherry’s rich French heritage, reimagined for the modern traveller. At Crossway, our vision has always been to create distinctive hospitality experiences, and this property reflects our commitment to blending heritage, design, and comfort in a way that feels both authentic and contemporary.”

Karuna Sesh, owner, Petit Palais, said, “Petit Palais is a labour of love, inspired by the timeless charm of French Colonial architecture and the unique spirit of White Town. Every element—from the rooms to the culinary experiences—has been thoughtfully curated to offer guests a warm, intimate, and memorable stay. We are delighted to open our doors and welcome travellers from across the world.”

With its heritage setting, 15-room boutique format, rooftop dining and bakery offering, Petit Palais by Crossway adds a distinct hospitality option to Pondicherry’s White Town. The launch also reflects Crossway Hotels & Resorts’ focus on creating destination-led stays that combine local character, design and contemporary hospitality.

Grovy India raises Rs 15 crore through preferential issue to fund expansion

BRL Editor

August 8, 2026

Participation of investors & promoters reflects confidence in company’s strong track record & leadership in South Delhi’s real estate market.

Company plans to raise a total of Rs 40 crore by the end of FY27.

Company is currently executing residential projects spanning 1.83 lakh sq. ft. across prime South Delhi markets.

New Delhi, August 6, 2026: BSE-listed Grovy India Limited announced the raising of Rs 15.01 crore through preferential issue to fund expansion and deepen its presence in the South Delhi real estate market.

The company’s preferential issue committee of the Board of Directors recently approved the allotment of 41,69,433 equity shares of face value of Rs 10 each for an aggregate amount of up to Rs 15,00,99,588 on a preferential basis.

Consequent to the said allotment, the paid-up equity share capital of the company stands increased to Rs 17,50,57,050 comprising of 1,75,05,705 Equity Shares of face value of Rs 10 each.

The participation of investors and promoters signals the company’s strong growth trajectory, execution capabilities and leadership in South Delhi’s real estate market. The investment also reinforces the growing interest in the company’s strong track record, differentiated market positioning and a clear growth pipeline.

Commenting on the development, Ankur Jalan, Director, Grovy India, said, “The strong participation is an endorsement for the company’s robust brand equity, consistent execution, quality developments and a focused business strategy. The company’s deep understanding of one of India’s most premium micro-markets positions it well for sustainable long-term growth. The micro market has a significant value creation potential as the demand for luxury developments in South Delhi continues to strengthen.”

The company is currently executing residential projects spanning 1.83 lakh sq. ft. across prime South Delhi markets, which are expected to be delivered between Q3 FY27 and Q4 FY28.

The company during Q1 FY27 also acquired new premium residential projects spanning approximately 50,000 sq. ft. in South Delhi.

“We aim to scale execution towards 20–25 projects annually over the next three years, subject to market conditions and project availability,” Jalan further added.

He also said that the company plans to raise a total of Rs 40 crore by the end of FY27.

The company’s net profit jumped 74% YoY to Rs 1.9 crore in Q1 FY27. The total revenue during this period also saw a substantial jump of 233% YoY at Rs 27.58 crore.

The South Delhi-headquartered company recorded an 114% jump in net profit and a 249% jump in total revenue on a QoQ basis. The robust numbers reflect strong project execution, improved profitability and disciplined capital allocation.

About Grovy India:

Grovy India Limited was established in the year 1985 with the purpose of developing extraordinary real estate properties. Equipped with a team of skilled and experienced engineers, architects, planners and designers, Grovy has established itself amongst the top developers in South Delhi.

ASK Property Fund to invest ₹500-Cr in Bhumika Group projects

BRL Editor

August 8, 2026

ASK Property Fund to invest ₹500-Cr in Bhumika Group projects — Uddhav Poddar, Chairman and Managing Director, Bhumika Group

Blackstone-backed ASK Property Fund has entered into a platform arrangement with Bhumika Group to invest ₹500 crore across the group’s real estate projects in lucrative micro markets across the National Capital Region (NCR).

Under the arrangement, ASK Property Fund will initially invest ₹125 crore in a plotted development project in Faridabad. The project is spread across 20 acres.

The investment comes as infrastructure development continues to reshape connectivity across the NCR. Key infrastructure upgrades, including the Delhi-Mumbai Expressway link, the proposed FNG Expressway, the Faridabad-Jewar corridor and Noida International Airport, are expected to improve regional connectivity and boost buyer interest.

Faridabad also offers lower entry pricing compared with more mature NCR markets, making the city a compelling proposition for buyers.

Bhavin Jain, Co-Head & CIO, ASK Property Fund, said the platform arrangement with Bhumika Group reflects continued focus on creating scalable partnerships in residential real estate.

Jain said plotted developments are seeing strong interest from buyers, particularly in emerging micro-markets where infrastructure growth and affordability can support long-term value creation.

Uddhav Poddar, Chairman and Managing Director, Bhumika Group, said more than a capital partnership, it brings together two institutions that share a common philosophy of long-term value creation, disciplined execution and the highest standards of governance.

Poddar said the infrastructure developments are creating one of the most compelling real estate opportunities in the NCR.

ASK Property Investment Advisors is the alternate asset investment arm of the ASK group, set up to manage and advise real estate-dedicated funds. Its focus is on private equity investments in the self-liquidating residential segment.

ASK PIA has raised ₹10,000 crore since 2009.

The ₹500 crore platform arrangement marks a further expansion of ASK Property Fund’s residential real estate investment strategy in the NCR, with the initial ₹125 crore allocation focused on a 20-acre plotted development in Faridabad. The partnership is positioned around emerging micro-markets, infrastructure-led connectivity and residential demand.

Sinclairs Hotels Q1 FY27 profit rises 28% to Rs 7.91-Crore

BRL Editor

August 8, 2026

Sinclairs Hotels Limited has reported strong financial results for the first quarter ended June 30, 2026, with revenue, EBITDA and profit recording double-digit growth compared with the corresponding period of the previous year.

The company reported Total Income of Rs 2470.30 lakh during the quarter, marking a 26.76 percent increase from Rs 1948.80 lakh in the same quarter of the previous year.

EBITDA rose 32.85 percent year-on-year to Rs 1294.58 lakh, while Profit Before Tax increased 29.65 percent to Rs 1016.95 lakh.

Profit After Tax also registered healthy growth of 27.89 percent, reaching Rs 790.99 lakh compared with Rs 618.48 lakh in the corresponding period of the previous year.

Sinclairs Hotels continues to maintain a debt-free balance sheet. Its equity, excluding revaluation reserves, stood at Rs 10743.59 lakh as of March 31, 2026, equivalent to Rs 107.4359 crore.

The company currently operates nine hotels and resorts across Darjeeling, Kalimpong, Burdwan, Siliguri, Dooars, Gangtok, Ooty, Port Blair and Haldighati near Udaipur.

Several of its properties also received recognition through TripAdvisor’s Travellers’ Choice Award 2026. The properties recognised include those in Darjeeling, Kalimpong, Burdwan, Dooars, Port Blair and Ooty.

Against the backdrop of an evolving business environment and increased investment in infrastructure projects, Sinclairs Hotels said it is focusing on growth and expansion in West Bengal, where the brand has established strong recognition and goodwill.

The company believes that investments in transportation infrastructure, regional connectivity and tourism development could support the growth of the leisure hospitality sector over the medium and long term.

“Our presence in strategically located leisure destinations across West Bengal, Sikkim, Andaman & Nicobar Islands, Ooty and Port Blair positions us favourably to benefit from ongoing government investments in transportation infrastructure, regional connectivity and tourism development. These initiatives are likely to strengthen the medium- and long-term growth prospects of the leisure hospitality sector and create favourable opportunities for branded upper mid-market hotel companies like Sinclairs,” said Navin Suchanti, Chairman, Sinclairs Hotels Limited.

With a debt-free balance sheet, rising profitability and a portfolio concentrated in established leisure destinations, Sinclairs Hotels is positioning itself for further expansion, particularly in West Bengal. The company’s focus on infrastructure-led tourism growth and its established brand presence could support its next phase of development.

Athleisure startup BlissClub raises Rs 160-Cr to expand athleisure business

BRL Editor

August 7, 2026

Athleisure startup BlissClub raises Rs 160-Cr to expand athleisure business — Minu Margaret, Founder, BlissClub

Athleisure startup BlissClub has raised Rs 160 crore in a funding round led by Singularity AMC, with existing backers Elevation Capital and Eight Roads Ventures also increasing their investments in the company. Founder Minu Margaret and her husband, Meesho cofounder Vidit Aatrey, participated in the round with personal capital.

BlissClub will deploy the fresh funding to broaden its product portfolio, expand its offline retail network, strengthen product development and invest in technology supporting its direct-to-consumer business.

Margaret said BlissClub expects to close FY26 with around Rs 200 crore in net revenue while bringing its losses down to the lower single digits, moving the business closer to breakeven.

“We continue to improve profitability while growing over 60-65 percent year-on-year. Running a consumer brand is about managing the top line, bottom line and balance sheet together,” she said.

Founded in 2020 as a women’s activewear brand, BlissClub has since developed into a broader athleisure company. The startup entered menswear earlier this year and is now preparing to introduce denim, which Margaret described as one of its biggest product bets following more than three years of development.

Online channels continue to account for the bulk of BlissClub’s business, contributing 80-85 percent of its revenue. Nearly 80 percent of its online sales come through the company’s own website and app, while marketplaces contribute the balance.

Offline sales currently account for around 15 percent of revenue. The company plans to increase its retail presence across India’s leading metropolitan and tier-I cities while maintaining its focus on its direct-to-consumer channel.

“We’re still young in offline retail. The focus is on going deeper in the cities we’re already present in before expanding further,” she said.

BlissClub currently has a presence in Bengaluru, Delhi, Mumbai, Hyderabad and Pune. Alongside expanding its physical retail network, the company plans to continue investing in technology and product development.

On competition within the athleisure market, Margaret said BlissClub’s differentiation is centred on its product-led strategy rather than competing primarily on price.

“Repeat rates are what determine whether a consumer brand succeeds over the long term. We’ve invested heavily in building proprietary fabrics and working directly with mills, which gives us greater control over quality, innovation and cost,” she said.

The funding round also stands out because Margaret and Aatrey invested personal capital alongside institutional investors. Athleisure startup said the participation reflects their long-term conviction in the company’s next stage of growth.

Rubystone Hospitality partners with JYKIM to manage Heaven Wood Exxotica

BRL Editor

August 7, 2026

Rubystone Hospitality partners with JYKIM to manage Heaven Wood Exxotica — Mehardeep Singh, Corporate Affairs General Manager, Rubystone Hospitality

Rubystone Hospitality has entered into an association with JYKIM for the management and operations of its premium property, Heaven Wood Exxotica in Saharanpur, Uttar Pradesh. The partnership is aimed at strengthening operational standards while delivering enhanced guest experiences and premium hospitality services.

Located in Saharanpur, Heaven Wood Exxotica features 69 well-appointed rooms focused on guest comfort and convenience. The property also houses one of the largest swimming pools in the region, along with modern amenities designed to meet the needs of both leisure and business travellers.

In addition, the property offers spacious event venues and is surrounded by scenic surroundings. As a result, Heaven Wood Exxotica is positioned to cater to destination weddings, family celebrations, corporate events and leisure stays.

Through the association, Rubystone Hospitality and JYKIM aim to provide guests with personalised services and premium hospitality experiences. The collaboration will also focus on strengthening operational efficiency while creating a welcoming environment for visitors.

The partnership is being led by Yashraj, Managing Director of JYKIM, and Mehardeep Singh, Director, Acquisitions & Development, Rubystone Hospitality. Their collaboration is expected to support the property’s operational growth and reinforce its focus on guest satisfaction.

With the association, Heaven Wood Exxotica seeks to combine its accommodation, leisure and event facilities with enhanced hospitality operations. The partnership between Rubystone Hospitality and JYKIM marks another step in developing the property’s offering and establishing stronger hospitality standards in Saharanpur.

Lumina Datamatics completes full acquisition of TNQTech

BRL Editor

August 7, 2026

Lumina Datamatics has completed the acquisition of Chennai-based publishing technology company TNQTech, making it a wholly owned subsidiary and strengthening Lumina’s position in the global scholarly publishing solutions market.

The transaction marks a key step in Lumina Datamatics’ organic and inorganic growth strategy. The company said the combined business will bring together its global scale, customer relationships, technology capabilities and service expertise with TNQTech’s experience in scholarly publishing technology and AI-enabled solutions.

Lumina Datamatics had signed a definitive agreement in December 2024 to acquire an 80% controlling stake in TNQTech. Following the acquisition of the remaining 20% stake, TNQTech is now fully owned by Lumina Datamatics.

Sameer Kanodia, Vice Chairman and CEO, Lumina Datamatics & TNQTech, said, “The successful acquisition of TNQTech marks a defining milestone in our journey. Together, we have created a leading global partner for scholarly publishing solutions, combining deep domain expertise with next-generation AI technologies to help publishers transform their businesses.”

He further added, “Our focus is on driving the next wave of growth through innovation, AI-led transformation, and strategic investments in technology. Integrating exceptional talent, complementary capabilities, and a shared vision for the future, we are uniquely positioned to accelerate product innovation, expand our global footprint, and deliver greater value to customers worldwide. We believe this combination creates tremendous opportunities to redefine how scholarly content is created, managed, enriched, and delivered in the years ahead.”

Mariam Ram, Founder and Director, TNQTech, said, “Becoming a part of Lumina Datamatics is the right step for TNQTech. Our technology and domain expertise align perfectly with their scale and reach in scholarly publishing. I am confident TNQTech’s people, products and customers are now in the hands of a reliable, trusted organization that will carry our vision forward while driving the next phase of innovation and growth.”

The integration gives the combined organisation capabilities across the full scholarly publishing lifecycle. These include manuscript submission, peer review, editorial workflows, production, digital publishing, accessibility, analytics and AI-powered content enrichment.

Consequently, publishers will gain access to a broader portfolio of intelligent publishing platforms, along with domain expertise, automation capabilities and global delivery scale. The combination is also expected to support faster innovation and greater operational efficiency across publishing workflows.

For Lumina Datamatics, the acquisition expands its capabilities in a publishing sector undergoing significant technology-led transformation. By combining TNQTech’s specialised publishing expertise with Lumina’s global reach, the company aims to help publishers improve efficiency, accelerate growth and develop new digital opportunities.

Lumina Datamatics said it will continue investing in technology, AI-led transformation and innovation as the publishing industry evolves. With TNQTech now fully integrated into its business, the company is positioned to expand its global scholarly publishing offering and develop new solutions across the content lifecycle.

1...343536...576 Page 35 of 576

CONNECT WITH US