• Startup Pulse
    Kalyani Steels names Amit Kalyani as Chairman, effective close of business on 28 October, succeeding Dr. Babasaheb Kalyani, who chaired the company since its incorporation. Info Edge MD and CEO Hitesh Oberoi will leave his executive role on 2 December; founder Sanjeev Bikhchandani becomes executive vice chairman, MD and group CEO from 3 December, subject to shareholder approval. Vama raises ₹19.03 crore in ongoing pre-Series A funding led by Writers and Publishers Private Limited (Dainik Bhaskar family office). CHOSEN raises an undisclosed amount in a Series A extension from Wellbeing Nutrition founders Avnish Chhabria and Saurabh Kapoor. QwikBuild raises $2.3 million in pre-seed funding led by Globalway, with Blume Ventures, DeVC and Marsshot participating. Kalyani Steels names Amit Kalyani as Chairman, effective close of business on 28 October, succeeding Dr. Babasaheb Kalyani, who chaired the company since its incorporation. Info Edge MD and CEO Hitesh Oberoi will leave his executive role on 2 December; founder Sanjeev Bikhchandani becomes executive vice chairman, MD and group CEO from 3 December, subject to shareholder approval. Vama raises ₹19.03 crore in ongoing pre-Series A funding led by Writers and Publishers Private Limited (Dainik Bhaskar family office). CHOSEN raises an undisclosed amount in a Series A extension from Wellbeing Nutrition founders Avnish Chhabria and Saurabh Kapoor. QwikBuild raises $2.3 million in pre-seed funding led by Globalway, with Blume Ventures, DeVC and Marsshot participating.
  • International Gemmological Institute Achieves INR 1265 Mn PAT in Q2 2025

    International Gemmological Institute

    Mumbai: The International Gemmological Institute (IGI), India’s leading independent gem certification authority, has reported a robust financial performance for the quarter ending June 30, 2025.

    International Gemmological Institute achieved a 16% year-on-year growth in revenue, reaching ₹3,009 million, and a remarkable 37% increase in EBITDA, which stood at ₹1,735 million. The EBITDA margin improved to 58%, up from 49% in the same quarter last year.

    Profit after tax (PAT) witnessed a 63% surge to ₹1,265 million in Q2 2025, with PAT margins increasing to 42% from 30% in Q2 2024.

    Also Read: Lab-Grown Diamond Brand Aukera Launches Flagship Stores in Bangalore and Noida

    For the half-year period ending June 2025, the company reported 13% growth in revenue and 23% growth in EBITDA compared to H1 2024, with EBITDA margins rising to 61%.

    International Gemmological Institute: Sustained Demand Across Major Verticals

    The growth is attributed to sustained demand across IGI’s major verticals – natural diamonds, lab-grown diamonds, gemstones, and certified diamond jewelry.

    The company’s innovations such as its proprietary Light Performance Analysis – a scientific approach to evaluating a diamond’s brilliance and optical properties – continue to elevate IGI’s market leadership.

    Also Read: Grant Thornton Bharat Q2 2025 Dealtracker: Investor Shift to Small-Ticket Consumer Deals

    Tehmasp Printer, Managing Director and CEO, stated, “Today’s consumers demand transparency, traceability, and authenticity. At IGI, we go beyond the traditional 4Cs with advanced technology to meet these expectations and ensure informed decision-making.”

    With a 50% market share in India and a global footprint spanning 31 laboratories and 18 gemology schools in 10 countries, IGI remains a critical enabler of quality and trust in the global gemstone and jewelry ecosystem.

    Author

    • Salil Urunkar

      Salil Urunkar is a senior journalist and the editorial mind behind Sahyadri Startups. With years of experience covering Pune’s entrepreneurial rise, he’s passionate about telling the real stories of founders, disruptors, and game-changers.

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