Held from 16 to 19 June under the theme “Regional Integration for Sustainable Prosperity,” the Annual Meetings provided a strategic platform for ICIEC to advance partnerships, support bankable projects, and reinforce its role in enabling trade and investment across its 51 Member States.

During the 14th IsDB Group Private Sector Forum (PSF), Dr. Khalid Khalafalla, Chief Executive Officer of ICIEC, participated as a speaker in the CEOs Session titled “Making Regional Integration Investable.” The session focused on how the IsDB Group can deliver integrated solutions by combining trade facilitation, investment structuring, and de-risking instruments to transform regional integration ambitions into scalable and bankable opportunities.

Following the CEOs Session, ICIEC hosted its High-Level Panel Discussion titled “De-Risking Trade & Investment for Regional Prosperity.” The session brought together around 300 participants, including senior Azerbaijani officials, business leaders, investors, development finance institutions, export credit agencies, insurers, and trade promotion organisations. The discussion highlighted Azerbaijan’s role as a strategic regional hub connecting Central Asia, the South Caucasus, Türkiye, Europe, and the wider OIC region. It also examined how Shariah-compliant risk management instruments can unlock cross-border capital, strengthen investor confidence, and support sustainable development across Member Countries.

The agreements signed during the PSF covered key areas including infrastructure, trade finance, export development, banking cooperation, and investment facilitation. They included support for strategic transactions in Nigeria, Türkiye, Uganda, and other Member Countries, alongside partnerships with financial institutions aimed at expanding access to Shariah-compliant risk mitigation and trade finance solutions.

Commenting on ICIEC’s participation, Dr. Khalid Khalafalla said: “ICIEC’s achievements in Baku demonstrate the vital role of risk mitigation in turning regional integration ambitions into bankable opportunities. The agreements concluded during the Annual Meetings will support infrastructure delivery, trade flows, investment mobilisation, and private sector growth across our Member States. ICIEC remains committed to providing the confidence and protection needed to move strategic projects from concept to implementation.”

Throughout the Annual Meetings, ICIEC held more than 80 B2B and B2G meetings with stakeholders from over 60 countries, strengthening engagement with governments, financial institutions, investors, exporters, and private sector leaders.

The ICIEC Awards recognised outstanding institutions and initiatives for their contributions to trade, investment, and sustainable development. This year, ICIEC honoured First Abu Dhabi Bank, Standard Chartered Bank, and Agrobank for landmark infrastructure and trade finance transactions that reflect the impact of effective partnerships and risk mitigation.

On the occasion of the Annual Meetings, ICIEC also issued a Special Issue themed “Corridors of Opportunities: From Azerbaijan to Central Asia, Enabling Bankable Delivery Through Risk Mitigation.” The publication highlighted Azerbaijan’s growing role as a gateway linking Central Asia, the South Caucasus, Türkiye, Europe, and the wider Islamic world. It featured perspectives on trade corridors, Islamic finance, export credit insurance, investment protection, and the role of risk mitigation in advancing sustainable growth.

ICIEC’s outcomes in Baku reaffirm its commitment to working with Member States, financial institutions, investors, and development partners to de-risk strategic projects, expand cross-border trade, and promote sustainable prosperity across the OIC region and beyond.

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The MoU was signed on the sidelines of the 20206 IsDB Group Annual Meetings, held from 16-19 June in Baku, Azerbaijan. The partnership seeks to leverage the complementary strengths of both organizations to promote excellence in Islamic finance education and professional development in Tanzania, while contributing to the broader objectives of sustainable and inclusive economic development beyond IsDB Member Countries.

As Tanzania is not an IsDB Member Country, the MoU allows the IsDBI and CIFCA to explore cooperation on a range of human capital programs that serve the Muslim community and contribute to the progress of the Tanzanian economy at large.

CIFCA plays an important role in accelerating financial inclusion and driving the development of Shariah-compliant financial systems across Tanzania. Endorsed by the Government of Tanzania as an Islamic finance advisory body, CIFCA collaborates with key entities like the Bank of Tanzania and the Capital Markets and Securities Authority. It facilitated the launch of landmark projects, including the checking and certification of major public Sukuk listings on the Dar es Salaam Stock Exchange. Furthermore, CIFCA also offers professional certifications and training programs to build local academic and professional capacity.

Speaking on the occasion, Dr. Sami Al-Suwailem, Acting Director General of IsDB Institute, emphasized the importance of investing in talent and knowledge as key enablers of a vibrant Islamic finance ecosystem. He said, “Human capital remains one of the most critical pillars for the sustainable growth of Islamic finance. Through this partnership, we look forward to working closely with CIFCA to promote knowledge, professional excellence, and innovation that can enhance the developmental impact of Islamic finance.”

Aref Mbarak Nahdi, Chairman of CIFCA, highlighted the significance of the collaboration in fostering globally recognized professional standards and competencies within the industry. “This partnership reflects our shared commitment to nurturing future leaders and practitioners who can contribute meaningfully to the continued advancement of Islamic finance and its role in addressing contemporary economic and social challenges,” he noted.

The collaboration aligns with the strategic priorities of both institutions to support the development of robust, ethical, and inclusive financial systems grounded in the principles and values of Islamic finance.

As Islamic finance continues to expand across diverse markets, the partnership is expected to contribute to the development of skilled professionals, enhanced institutional capacity, and greater knowledge exchange that will ultimately strengthen the industry’s ability to serve society and promote sustainable prosperity.

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The forum was convened on the sidelines of the IsDB Group’s 2026 Annual Meetings, under the high patronage of His Excellency Ilham Aliyev, President of the Republic of Azerbaijan.

The forum highlighted IsDB Group’s activities and initiatives aimed at empowering both public and private sectors in member countries, particularly in the Republic of Azerbaijan.

The discussions focused on prevailing opportunities and challenges facing the business sector and highlighted the Group’s suite of financing instruments, including lines of financing, private sector financing, trade development support, investment insurance, and export credit facilities, among others.

The forum agenda featured a series of dialogue sessions addressing key economic themes and development projects. Participants also attended presentations on trade and investment opportunities. In addition, bilateral meetings between public and private sector institutions (B2B and B2G) facilitated networking, strategic partnerships, experience sharing, and the promotion of successful ventures.

In addition to the dialogue sessions, the forum hosted the Halal Economy Leadership Forum, which brought together policymakers, industry leaders, and experts to discuss emerging opportunities and challenges within the global halal economy. The event also featured the IsDB Group Startups Competition, providing an important platform for innovative entrepreneurs from member countries to showcase their solutions before investors, development institutions, and business leaders. The winners of the competition and the Private Sector Forum Awards were recognized during a dedicated awards ceremony honoring outstanding achievements in entrepreneurship, innovation, investment, trade, and private sector development.

The forum attracted high-level participation from Azerbaijan government officials, presidents and CEOs of local, regional, and international private sector companies, investors, businessmen, chambers of commerce and industry, trade and investment promotion bodies, and regional and international financial and development institutions.

In his speech, H.E. Mikayil Jabbarov, Minister of Economy of the Republic of Azerbaijan and Chairman of the Board of Governors of the Islamic Development Bank (IsDB), stated: “Azerbaijan highly values its partnership with the Islamic Development Bank Group and remains committed to deepening trade, business, and investment cooperation with member countries. Leveraging its strategic location at the crossroads of Europe and Asia, modern transport infrastructure, and ongoing economic diversification efforts, Azerbaijan serves as an important platform for regional connectivity and sustainable growth. By combining the country’s investment potential with the IsDB Group’s financial capabilities, global expertise, and extensive network, we can unlock new opportunities for impactful projects that advance economic development and deliver long-term benefits across the region.”

In his opening remarks, His Excellency Dr. Muhammad Al Jasser, Chairman of the Islamic Development Bank Group, welcomed all participants to the forum. He stated: “At the Islamic Development Bank Group, we firmly believe that the private sector is not a supporting actor in development — it is the lead actor. Our role is clear: to remove obstacles, reduce risks, and open doors. We will continue to stand as a committed partner—mobilizing finance, mitigating risk, and enabling trade and investment that drive inclusive, resilient, and sustainable growth”

During the CEO’s session, Dr. Khalid Yousif Khalafalla, CEO of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Acting CEO of the Islamic Corporation for the Development of the Private Sector (ICD), stated: “The Private Sector Forum witnessed a distinguished cohort of partners from both public and private sectors. Sustainability and development constitute the core focus of our mission, as we strive to unify the efforts of our private sector partners and other financing agencies to bridge the sustainable financing gap, provide co-financing opportunities, and develop innovative solutions to address the challenges of sustainable development. In this context, from the ICD side, we are proud of our role in private sector development by providing effective financing solutions to financial institutions and large corporations, as well as facilitating access to suitable financing for small and medium enterprises. We also continue to finance infrastructure projects that enhance development impact, encourage cross-border investment, support member countries’ exports, and create new job opportunities. In fact, ICD has achieved approximately $7.1 billion in cumulative approvals. Last year, the total financing directed towards SMEs reached USD 661.9 million. ICD supported institutions collectively employed 178,988 staff members.”

He added, “Since its inception and up to the end of 2025, ICIEC has provided cumulative insurance cover exceeding USD 139 billion, including USD 108 billion in support of trade flows and more than USD 31 billion to facilitate foreign investment across its Member States. Of this, intra-OIC trade and investment accounted for more than USD 66 billion, reflecting ICIEC’s role in strengthening economic cooperation among Member Countries. In 2025 alone, ICIEC enabled USD 1.9 billion in Islamic trade and investment finance, supported more than 294,000 jobs, and reached around 6,000 SMEs. Through its Shariah-compliant credit and political risk insurance solutions, ICIEC continues to mobilize capital, reduce risk, and support sustainable development across strategic sectors.”

On his part, Eng. Adeeb Yousuf Al-Aama, CEO of the International Islamic Trade Finance Corporation (ITFC), stated: “The 14^th edition of the Private Sector Forum reaffirmed the vital role of the private sector in fostering economic growth, generating employment, and reducing poverty in member countries. The active participation of the business community greatly enriched discussions and strengthened collaborative efforts to promote economic resilience and business dynamism.”

He added: “Since its inception in 2008, ITFC has extended over US$96 billion in trade financing to OIC member countries, becoming the leading provider of trade solutions in the region. Of this, US$20 billion was allocated to support the private sector and SMEs – combining financial support, technical assistance, and capacity building efforts to help these enterprises access regional and international markets. In 2025 alone, ITFC approved US$9.3 billion in trade finance and disbursed US$7.5 billion across its member countries. Through its operations, the Corporation supported more than 120,000 jobs, provided access to finance for 546 corporates and SMEs, and facilitated US$7.8 billion in intra-OIC trade. These achievements reflect ITFC’s continued commitment to strengthening private sector competitiveness, enhancing trade connectivity, and fostering sustainable economic growth across OIC member countries.”

For more information, please visit the event website (www.isdbg-psf.org).

Organize 14^th Private Sector Forum in Baku, Azerbaijan (16-19 June 2026)

Baku, Azerbaijan, 17 June 2026 – The Islamic Development Bank (IsDB) Group’s affiliated institutions organized the 14^th Private Sector Forum (PSF) from June 16 to 19, 2026, at Baku Convention Center in Baku, the capital city of the Republic of Azerbaijan.

The forum was convened on the sidelines of the IsDB Group’s 2026 Annual Meetings, under the high patronage of His Excellency Ilham Aliyev, President of the Republic of Azerbaijan.

The forum highlighted IsDB Group’s activities and initiatives aimed at empowering both public and private sectors in member countries, particularly in the Republic of Azerbaijan.

The discussions focused on prevailing opportunities and challenges facing the business sector and highlighted the Group’s suite of financing instruments, including lines of financing, private sector financing, trade development support, investment insurance, and export credit facilities, among others.

The forum agenda featured a series of dialogue sessions addressing key economic themes and development projects. Participants also attended presentations on trade and investment opportunities. In addition, bilateral meetings between public and private sector institutions (B2B and B2G) facilitated networking, strategic partnerships, experience sharing, and the promotion of success ventures.

In addition to the dialogue sessions, the forum hosted the Halal Economy Leadership Forum, which brought together policymakers, industry leaders, and experts to discuss emerging opportunities and challenges within the global halal economy. The event also featured the IsDB Group Startups Competition, providing an important platform for innovative entrepreneurs from member countries to showcase their solutions before investors, development institutions, and business leaders. The winners of the competition and the Private Sector Forum Awards were recognized during a dedicated awards ceremony honoring outstanding achievements in entrepreneurship, innovation, investment, trade, and private sector development.

The forum attracted high-level participation from Azerbaijan government officials, presidents and CEOs of local, regional, and international private sector companies, investors, businessmen, chambers of commerce and industry, trade and investment promotion bodies, and regional and international financial and development institutions.

In his speech, H.E. Mikayil Jabbarov, Minister of Economy of the Republic of Azerbaijan and Chairman of the Board of Governors of the Islamic Development Bank (IsDB), stated: “Azerbaijan highly values its partnership with the Islamic Development Bank Group and remains committed to deepening trade, business, and investment cooperation with member countries. Leveraging its strategic location at the crossroads of Europe  and Asia, modern transport infrastructure, and ongoing economic diversification efforts, Azerbaijan serves as an important platform for regional connectivity and sustainable growth. By combining the country’s investment potential with the IsDB Group’s financial capabilities, global expertise, and extensive network, we can unlock new opportunities for impactful projects that advance economic development and deliver long-term benefits across the region.”

In his opening remarks, His Excellency Dr. Muhammad Al Jasser, Chairman of the Islamic Development Bank Group, welcomed all participants to the forum. He stated: “At the Islamic Development Bank Group, we firmly believe that the private sector is not a supporting actor in development — it is the lead actor. Our role is clear: to remove obstacles, reduce risks, and open doors. We will continue to stand as a committed partner—mobilizing finance, mitigating risk, and enabling trade and investment that drive inclusive, resilient, and sustainable growth”

During the CEOs session, Dr. Khalid Yousif Khalafalla, CEO of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Acting CEO of the Islamic Corporation for the Development of the Private Sector (ICD), stated: “The Private Sector Forum witnessed a distinguished cohort of partners from both public and private sectors. Sustainability and development constitute the core focus of our mission, as we strive to unify the efforts of our private sector partners and other financing agencies to bridge the sustainable financing gap, provide co-financing opportunities, and develop innovative solutions to address the challenges of sustainable development. In this context, from ICD side, we are proud of our role in private sector development by providing effective financing solutions to financial institutions and large corporations, as well as facilitating access to suitable financing for small and medium enterprises. We also continue to finance infrastructure projects that enhance development impact, encourage cross-border investment, support member countries’ exports, and create new job opportunities. In fact, ICD has achieved approximately $7.1 billion in cumulative approvals. Last year, the total financing directed towards SMEs reached USD 661.9 million. ICD supported institutions collectively employed 178,988 staff members.”

He added, “Since its inception and up to the end of 2025, ICIEC has provided cumulative insurance cover exceeding USD 139 billion, including USD 108 billion in support of trade flows and more than USD 31 billion to facilitate foreign investment across its Member States. Of this, intra-OIC trade and investment accounted for more than USD 66 billion, reflecting ICIEC’s role in strengthening economic cooperation among Member Countries. In 2025 alone, ICIEC enabled USD 1.9 billion in Islamic trade and investment finance, supported more than 294,000 jobs, and reached around 6,000 SMEs. Through its Shariah-compliant credit and political risk insurance solutions, ICIEC continues to mobilize capital, reduce risk, and support sustainable development across strategic sectors.”

On his part, Eng. Adeeb Yousuf Al-Aama, CEO of the International Islamic Trade Finance Corporation (ITFC), stated: “The 14^th edition of the Private Sector Forum reaffirmed the vital role of the private sector in fostering economic growth, generating employment, and reducing poverty in member countries. The active participation of the business community greatly enriched discussions and strengthened collaborative efforts to promote economic resilience and business dynamism.

He added: “Since its inception in 2008, ITFC has extended over US$96 billion in trade financing to OIC member countries, becoming the leading provider of trade solutions in the region. Of this, US$20 billion was allocated to support private sector and SMEs – combining financial support, technical assistance, and capacity building efforts to help these enterprises access regional and international markets. In 2025 alone, ITFC approved US$9.3 billion in trade finance and disbursed US$7.5 billion across its member countries. Through its operations, the Corporation supported more than 120,000 jobs, provided access to finance for 546 corporates and SMEs, and facilitated US$7.8 billion in intra-OIC trade. These achievements reflect ITFC’s continued commitment to strengthening private sector competitiveness, enhancing trade connectivity, and fostering sustainable economic growth across OIC member countries.”

For more information, please visit the event website (www.isdbg-psf.org).

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INDIA: SAMCO Securities, a leading investment technology platform, today announced the launch of its Global Investing offering following the grant of a broker-dealer licence by the International Financial Services Centres Authority (IFSCA) from GIFT City, Gandhinagar.  This approval will enable Indian investors to invest in US-listed stocks and ETFs through the SAMCO Trading App of SAMCO Securities, a regulated, research-backed platform powered through GIFT City.

The launch comes at a time when interest in global investing is growing rapidly among Indian investors. While access to international markets has become easier, one fundamental challenge remains: investors can own almost any stock in the world, but very few platforms help them identify which opportunities are worth investing in. SAMCO aims to bridge this gap by combining global market access with institutional-grade research and investment guidance.

The need for global diversification has become increasingly relevant amid rising geopolitical uncertainty, rupee depreciation, and concentration risk in domestic portfolios. India accounts for just ~3% of global market capitalisation, leaving investors underexposed to many of the world’s largest wealth-creating businesses and sectors such as artificial intelligence, semiconductors, cloud infrastructure, biotechnology, and cybersecurity, which have limited representation in Indian markets.

Despite growing awareness, a significant gap remains between investor aspiration and action. While many investors express interest in building global portfolios, actual participation remains low due to a lack of research, guidance, and confidence in evaluating international opportunities. SAMCO’s Global Investing platform seeks to address these barriers by making informed global investing accessible to everyday investors.

Unlike platforms that offer only market access, SAMCO Securities’ solution integrates quantitative research, investment recommendations, target prices, stop-loss frameworks, and portfolio monitoring. The platform provides research coverage on more than 700 global securities, including constituents of the S&P 500, NASDAQ 100, and over 100 ETFs. Investors can start with fractional ownership from as low as $1 and complete onboarding digitally through the existing SAMCO app under the Liberalised Remittance Scheme (LRS).

Commenting on the launch, Jimeet Modi, Founder & CEO, SAMCO Group, said: “Prudent investing has never been about choosing one market over another; it has always been about diversification. At SAMCO, we believe global investing should be driven by research, not speculation. Through our platform, investors will have access to research coverage on more than 700 global securities, including S&P 500 companies, NASDAQ 100 constituents, and over 100 ETFs. Many of these companies are driving the world’s structural transformation in AI, biotechnology, and energy, which are listed outside India. Our objective is to empower Indian investors with both access and conviction, enabling them to build globally diversified portfolios with confidence.”

Ulhas Joshi, CEO, SAMCO Securities, said: “The world continues to create and compound wealth through globally dominant businesses, yet a large majority of Indian household savings remain concentrated in domestic assets. We see global investing not as a trend, but as an essential component of modern portfolio construction. By combining regulated access, seamless execution, and actionable research, we are making global investing simpler, more informed, and more accessible for Indian investors.”

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The bulk of NPS participation is concentrated among older investors, with the 30–60 age group accounting for 76% of all subscribers. By the time many Indians begin planning for retirement, they have already lost the biggest advantage long-term investing offers: time. In contrast, the under-30 segment, where even small and consistent contributions can compound meaningfully over decades, remains significantly underpenetrated.

The contribution numbers make this even clearer. The average subscriber under 30 contributes around ₹2,500 a month, while those between 55 and 60 invest nearly ₹18,000. Part of this gap reflects income levels, but it also reflects perspective.

Younger investors still have time on their side, allowing smaller, consistent contributions to compound over decades. Older investors, on the other hand, often contribute larger amounts because retirement is closer and the window to build a meaningful corpus is far narrower.

One bright spot in the Aditya Birla Sun Life Pension Fund Management data stands out. Investors under 30 allocate 61% of their NPS corpus to equities, the highest among age groups. The risk appetite is there. What is missing is consistency.

Furthermore, women represent just 23% of NPS subscribers. Given that women on average outlive men and face greater financial vulnerability in retirement, this is a gap with real consequences, not just for individuals, but for household retirement security across the country.

The NPS infrastructure is accessible and low-cost. The awareness, clearly, still has a long way to go. What makes NPS particularly powerful for younger investors is the combination of compounding and disciplined investing. Even small monthly contributions, when invested consistently over long periods, can compound significantly.

The lock-in structure of NPS also plays an important role by encouraging long-term financial discipline and preventing premature withdrawals driven by short-term market movements or lifestyle spending. Over decades, these seemingly modest contributions can help solve for a much larger purpose: financial independence in retirement.

India is sitting on a demographic dividend with an expiry date. The young Indians who start now, contribute consistently, and stay invested may not see the real benefits for decades, but that is exactly what makes starting early so important, because time is the biggest driver of long-term compounding and retirement security.

¹https://www.ey.com/en_in/insights/india-at-100/reaping-the-demographic-dividend#:~:text=The%20fact%20that%20India%20has,Europe%20is%20over%20~21%25.

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MUMBAI: The Board of Directors of Aditya Birla Capital Limited (“ABCL”) approved preferential issuance of Rs. 2,880 crores to Grasim Industries Limited (Promoter), Rs. 200 crores to Suryaja Investment Pte Limited, Singapore (an Aditya Birla Group entity) and Rs. 920 crores to International Finance Corporation (IFC), aimed at strengthening the capital base and meeting the requirement for its next phase of growth. The preferential issuance will be undertaken at the price of Rs. 356.02 per equity share, as per SEBI ICDR Regulations, subject to shareholder and other requisite approvals and customary conditions.

The proceeds from the preferential issuance will be utilised for meeting the growth objectives, including augmentation of the capital base, funding requirements for lending business, and other general corporate purposes, such as investment in subsidiaries/ joint ventures/associates of the Company.

Commenting on the investment, Kumar Mangalam Birla, Chairman, Aditya Birla Group, said, “Financial services have become central to India’s economic transformation, driving capital formation, expanding financial inclusion, and supporting the formalisation of the economy at scale. As the sector evolves, institutions with diversified platforms, strong governance, and technology-led execution are increasingly shaping the trajectory of growth. Over the last few years, ABCL has built scale across the financial-services landscape, creating a portfolio of high-quality businesses supported by robust digital capabilities and disciplined execution. Its breadth across segments, combined with a long-term approach to building institutional capability, positions the group well as India’s financial sector enters its next phase of expansion and sophistication.”

Vishakha Mulye, MD & CEO, Aditya Birla Capital Limited, said, “We are deeply grateful for the continued trust of our Promoters and the confidence IFC has placed in us. With all the building blocks in place, this capital infusion will enable us to participate in the growth opportunities in India, deepen customer engagement, and deliver digital-first solutions. About 57% of our loan portfolio comprises business loans to SMEs, reflecting our strong commitment to this segment. We are focused on shaping an inclusive financial ecosystem built on responsible business practices. We empower individuals and businesses with seamless credit access, digital capabilities, and deep ecosystem solutions to drive sustainable, long-term growth.” 

Sarvesh Suri, Regional Vice President, Asia and the Pacific, IFC, said, “Small businesses are built on big ideas, and through this partnership with Aditya Birla Capital, we are helping bring those ideas to life. Creating jobs and expanding economic opportunities are at the heart of the World Bank Group’s mission, with MSMEs representing one of the largest untapped financing opportunities in emerging markets. By leveraging ABCL’s scale, over 150,000-strong MSME client base, and digital capabilities, we aim to expand access to responsible financing for entrepreneurs and businesses in job-rich sectors—enabling them to invest, grow incomes, create more and better jobs, and strengthen local economies. This investment reflects our commitment to advancing financial inclusion and aligns with the Viksit Bharat vision, empowering individuals and enterprises shaping India’s growth story.”

Aditya Birla Capital is a diversified financial services company offering comprehensive solutions across lending, investments, insurance, and payments to serve customers’ evolving financial needs across their life stages. It has transformed itself to emerge as a core growth engine for the Aditya Birla Group, driven by strong expansion in scale, diversification, and disciplined execution. Between FY23 and FY26, the Company delivered consistent, broad-based growth across businesses while maintaining robust portfolio quality.

The total lending portfolio across NBFC and Housing Finance grew at a 30% CAGR to more than Rs 2 lakh crore. The combined AUM of asset management and insurance businesses grew at a CAGR of 18% to ~ Rs 5.9 lakh crore. Total gross premiums across insurance businesses grew at a 21% CAGR to Rs 31,634 crore. Over the last three years, its consolidated PAT (excl. exceptional, one-off items) increased at a 23% CAGR to Rs 3,797 crore in FY26.

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MUMBAI: Mahindra & Mahindra Ltd. (M&M Ltd.), one of India’s leading automotive companies, has signed a Memorandum of Understanding (MoU) with DBS Bank India to launch a first-of-its-kind sustainability-linked dealer financing program. The initiative aims to incentivise authorised M&M dealers to adopt sustainable business practices by offering them favourable interest rates on loans for the purchase of passenger and commercial vehicles.

The program framework, the first such one in the Indian automotive sector, clearly defines environmental performance criteria, enabling a dealership’s operations to be measured against a range of parameters, in accordance with M&M’s Green Dealership Program requirements. These include the monitoring of greenhouse gas emissions and water consumption, renewable energy use, provisions for rainwater harvesting, responsible waste management, the availability of public Electric Vehicle (EV) charging facilities, and even the number of eSUVs the dealerships sell.

Nalinikanth Gollagunta, Chief Executive Officer – Automotive Division, Mahindra & Mahindra Ltd., said, “The launch of our sustainability-linked dealer financing programme with DBS Bank India comes as India stands at a critical juncture in its sustainability journey. As a company with a long-standing commitment to sustainability, we very much see it as our responsibility to support India’s sustainability ambitions. The launch of this financing program will enable us to step up the breadth of our decarbonisation efforts, bring our dealerships into the fold, and drive a reduction in Scope 3 emissions.”

Divyesh Dalal, Managing Director and Country Head – Global Transaction Services, Corporate Banking – Financial Institutions and SMEs, DBS Bank India, said, “DBS is proud to partner with Mahindra & Mahindra to turn green ambitions into reality. Our new financing program goes beyond the balance sheet, providing the practical tools needed to decarbonise their dealer network at scale. We have leveraged our cross-border expertise to customise this innovative solution that supports our client’s growth, while driving the transition to a net-zero future.”

Terence Yew Tiek Yong, Managing Director and Group Head of Corporate Sales & Solutioning, Global Transaction Services, DBS Bank, also shared, “DBS is proud to have partnered with Mahindra & Mahindra in driving prominence of ESG among its dealers. DBS is supporting Mahindra & Mahindra by incentivising their dealer network to promote EV adoption in the community and enable higher ESG standards of operations and investment. We are inspired by the active collaboration across Mahindra & Mahindra’s organisational functions, from Production to Sustainability, from Channels to Finance, to take the wheel in climate adaptation.”

M&M authorized dealerships typically purchase vehicles from the manufacturer before selling them on to customers. Under the new structure of the DBS financing program, the dealerships can be ranked depending on how they score against the detailed ESG parameters, with commercial benefits attached to dealers that make progress on ESG criteria and sales targets. The metrics were jointly designed by M&M and financing partner DBS Bank India.

The initiative aligns with M&M’s wider decarbonisation push, with the company securing a leadership position in 2026’s DJSI, S&P Global Sustainability Yearbook. It also aligns with the Government’s recent move to unveil more rigorous Nationally Determined Contribution (NDC) targets as part of its Paris Agreement commitment to attain net-zero emissions by 2070.

Climate adaptation and mitigation are key focus areas for DBS, which was awarded the Best Bank for Sustainable Finance – India by Global Finance in 2024. In addition, DBS Bank India was recognised as the Best Bank for Corporate Banking in India by Crisil Coalition Greenwich consistently in both 2025 and 2026, reinforcing its customer-first approach to business excellence.  

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FY 2025 –2026

• Total Revenue for FY 2026 increased by 26% to Rs. 953 Cr from Rs. 755 Cr in FY 2025.
• Revenue from operations increased by 31% to INR 925 Cr in FY 2026 from INR 708 Cr in FY 2025
• EBITDA grew by 35% to INR 371 Cr in FY2026 from INR 275 Cr in FY2025
• PBT for FY2026 grew by 23% to INR 364 Cr from INR 295 Cr in FY2025
• Profit after Tax for FY2026 was Rs. 271 Cr from Rs. 222 Cr in FY2025, marking 22% growth.

Q4 FY 2026 in comparison to Q3

• Total Revenue for Q4 FY 2026 increased by 96% to Rs. 351 Cr from Rs. 179 Cr in Q3.
• Revenue from operations increased by 99% to INR 345 Cr in Q4 FY 2026 from INR 173 Cr in Q3 of FY2026
• EBITDA grew by 149% to INR 193 Cr in Q4 FY2026 from INR 78 Cr in Q3 FY2026
• PBT for Q4 FY2026 grew by 150% to INR 188 Cr from INR 75 Cr in Q3 FY2026
• Profit after Tax for Q4 FY2026 grew by 137% to Rs. 138 Cr from Rs. 58 Cr in Q3 FY2026.

Q4 FY 2026 in comparison to Q4 FY 2025

• Total Revenue for Q4 FY 2026 decreased by 14% to Rs. 351 Cr from Rs. 407 Cr in the corresponding quarter in FY 2025.
• Revenue from operations decreased by 13% to INR 345 Cr in Q4 FY 2026 from INR 396 Cr in Q4 of FY2025
• EBITDA for Q4 FY 2026 grew by 29% to INR 193 Cr from Rs. 150 Cr in Q4 FY2025
• PBT for Q4 FY2026 grew by 23% to Rs. 188 Cr from INR 153 Cr in Q4 FY2025
• Profit after Tax for Q4 FY2026 grew by 21% to Rs. 138 Cr from Rs. 114 Cr in Q4 FY2025.

The Board has recommended a final dividend of Rs. 10 per share (500% per equity share of Rs. 2 each), which is subject to approval by the shareholders in the ensuing AGM

ORDER BOOK

• The company has secured Rs. 1,121 Cr of orders during FY 2025-2026.
• Order book as on March 31, 2026 – Rs. 926.48 Cr
• Orders received during Q1 FY 2026-27 so far- Rs. 46.78 Cr
• Negotiation completed & yet to receive order – Rs. 1,090.00 Cr
• Including orders negotiated and converted into orders, the order book will be Rs. 2061.79 Cr
• The order book as of April 01, 2025, was Rs. 730 Cr

From the CMD’s Desk “FY26 has been a landmark year for Data Patterns, marked by strong execution, robust order inflows, and continued capability expansion across strategic defence programs. Our order book stands at an all-time high of ~₹2,062 crores, the highest in the Company’s history, providing strong revenue visibility. With a healthy executable pipeline across radars, electronic warfare, and advanced defence electronics, we remain confident of sustaining our growth momentum going forward.”

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On a standalone basis, Q4 FY26 revenue increased 8.5% QoQ to Rs 2,260 crore, while EBITDA rose 7.2% QoQ to Rs 610 crore, translating into an EBITDA margin of 27.0%. Profit before tax (before exceptional items) stood at Rs 486 crore, up 9.7% sequentially.

For FY26, standalone revenue was Rs 8,396 crore, with EBITDA of Rs 2,312 crore. Consolidated revenue for FY26 increased 11.2% YoY to Rs 16,812 crore, while consolidated EBITDA rose 5.9% YoY to Rs 2,921 crore. The company maintained a strong balance sheet with standalone net debt-to-equity at 0.18x. During FY26, Bharat Forge secured new orders worth Rs 4,814 crore, including defence orders worth Rs 2,816 crore. The company’s defence order book stood at Rs 10,961 crore at the end of FY26, reinforcing its strategic positioning in the sector.

Export performance improved significantly during Q4, aided by inventory restocking and recovery in North American truck production. Passenger vehicle exports also witnessed strong momentum across North and Central America. Aerospace execution improved during the quarter with the onboarding of new customers across engine, structural, and landing gear components.

Domestic commercial vehicle demand remained robust, supported by GST-led industry tailwinds, while passenger vehicle production maintained healthy momentum. The industrial business continued to benefit from strong demand across power, construction & mining, agriculture, and machine tools.

Commenting on the performance, Baba Kalyani, Chairman & Managing Director, Bharat Forge Limited, said: “Despite demand challenges and regulatory volatility, Bharat Forge delivered a resilient performance in FY26, supported by strong execution across businesses and improving export demand in the second half of the year. The company secured new orders worth Rs 4,814 Crore in FY26, including Rs 2,816 crore in Defence. The order book for Defence stood at Rs 10,961 crores as of FY26. The order wins across businesses reflect a resurgence in business momentum, including in aerospace, with the onboarding of new customers across Engine, Structural, and Landing Gear components.

On the Indian subsidiaries front, JS Autocast registered topline of Rs 757 Crore and EBITDA of Rs 106 Crore (14.3% EBITDA margin) in FY26. K-Drive mobility is making significant progress in its effort to reorient its product portfolio with new order wins beyond M&HCVs, including 4 EV platforms for LCVs. The Rs 450 Crores impairment during the quarter of our investments in KPTL (E-mobility division) is an acceptance of the need to take a fresh look at how we address the EV opportunity, as the EV adoption globally has changed significantly. The US & European operations reported modest operating profits despite weak demand. We have initiated the restructuring of the steel business of CDP Bharat Forge, and we expect this process to conclude by the end of CY27. The management is pursuing various alternative business opportunities in Europe to leverage its scaled-down manufacturing footprint.

Looking ahead into FY27, barring any geopolitical crisis and its impact on demand, we are optimistic of achieving 25% revenue growth with a commensurate increase in EBITDA & profitability for the Indian manufacturing operations driven by execution of orders across business and recovery in the export market.”

Bharat Forge continues to focus on diversified growth opportunities across automotive, defence, aerospace, renewable energy, oil & gas, marine, rail, and industrial sectors.

The post Bharat Forge Achieves Strong Sequential Recovery in Q4 FY26: A Positive Outlook for FY27 appeared first on NRI News.

PUNE: NSE: KPITTECH BSE: 542651: KPIT Technologies, a global leader in building mobility solutions for a cleaner, smarter, and safer world, announced financial results for Q4 FY26 and FY26 today.  

Performance overview:

• FY 26 Revenues, EBITDA, and PAT
  • Stood at USD 724.8mn; $ Revenue growth of 4.8%; CC revenue growth of 1.3%FY26 EBITDA stood at 20.8%, growing at 9.4% over FY25 EBITDARevenue from OEMs grew 9%Growth led by Connected Vehicle, After Sales, Virtual Engineering, and Propulsion domains
  • Pivot towards the domain, and AI-led Products & Solutions for long-term value capture
• Q4 FY26 Revenues, EBITDA, and PAT
  • Revenues of 185 MN with ₹ YoY Growth of 12.0%, ₹ QoQ growth of 5.8%Q4 EBITDA margins at 20.6%
  • Growth led by the Off-Highway segment & the Connected Vehicle domain
• TCV of new engagements won during Q4FY26: $349 million | Includes 2 Large strategic engagements | Products & Solutions contributing ~21% to overall pipeline

Strategic Engagements:

• Strategic long‑term partnership with a Global Off‑Highway Equipment & Machinery Leader in excess of USD 50M focused on large‑scale, software‑defined transformation of next‑generation machine platforms

• Strategic partnerships with a leading Japanese Tier 1 with a focus on next‑generation digital cockpit programs for multiple global OEMs

Commenting on the performance of FY26

Kishor Patil, Co-founder, CEO, and MD, KPIT, said,  “The Trade and Geopolitical uncertainties impacted the mobility industry last year, hindering their investment in new platforms. The situation has improved as we begin FY27 with enough growth headroom available in automotive software, as evidenced by the decent wins this quarter. AI is now core to Automotive Engineering and favors domain-focused players since Automotive AI must meet safety and regulatory standards. KPIT Mobility Intelligence Product (Beacon) is in pole position, corroborated by enhanced interest from major OEMs. KPIT pivots towards domain and AI-led Products & Solutions, which is layered on delivery to improve long-term value capture for our clients, as demonstrated by recent wins. KPIT transformation is exciting, and we are confident of improved performance in the years to come.”

Sachin Tikekar, President and Joint MD, KPIT, said, “OEMs are under immense pressure to swiftly introduce new products and features to maintain their competitive edge. Simultaneously, they face relentless cost constraints. Given our robust relationship with them, we’re actively deploying our products and AI-infused solutions to assist them in effectively reducing their time to market, thereby enhancing our market share. We’ve initiated engagements with several OEMs in the trucks and off-highway sectors. Our current role involves guiding them on their journey towards AI-defined machines. We’ve meticulously crafted a nuanced strategy to expand our business presence in key markets such as India, China, and Southeast Asia. We anticipate the off-highway and micromobility segments, along with the automotive industry, will be pivotal drivers of our growth.”

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