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Tech Mahindra’s Allyis India sets up Chessworks
PUNE: Tech Mahindra has quietly made a move into competitive sport, incorporating a new step-down subsidiary focused on chess, according to a disclosure filed with the BSE.
Allyis India, a wholly owned subsidiary of Tech Mahindra, has set up Chessworks Private Limited, a fully owned unit incorporated on December 14. The company received confirmation of incorporation from the ministry of corporate affairs on December 15.
Chessworks will organise and promote chess events and leagues in India and overseas, and develop related intellectual property, digital platforms and training programmes. The venture sits outside Tech Mahindra’s core IT services business, but the company framed it as a strategic extension into sports and intellectual property-led platforms.
The new entity has an authorised and paid-up share capital of Rs 1 lakh, fully subscribed in cash by Allyis India, giving it 100 per cent ownership and control. The company has yet to begin operations and has no turnover.
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Zepto sets up mini delivery hub at AI Summit
Quick commerce goes live at venue with 1,700 daily orders
NEW DELHI: At a summit devoted to the future of artificial intelligence, quick commerce quietly stole the show at ground level. Zepto set up a compact Delivery Hub at the India AI Impact Summit, turning the venue into a live demonstration of instant retail in action.
Built at roughly one third the size of a standard 4,000 sq ft dark store, the scaled down hub was engineered for speed. Despite its smaller footprint, it was stocked with more than 10,000 stock keeping units curated specifically for summit attendees. From mid morning cravings to late afternoon slumps, the shelves were primed for every possible need.
Till Wednesday, the hub was processing an average of 1,700 orders a day. Lunch hour emerged as the clear rush period, as delegates swapped panel discussions for paneer puffs and product demos for Diet Coke. Snacks topped the order charts, followed by tea and other beverages.
Among the fastest moving items were samosas, plain Maggi, chicken puffs, Bisleri packaged drinking water bottles, Coca-Cola Diet Coke cans and Lay’s India’s Magic Masala potato chips. In short, comfort food met cutting edge tech.
The on site hub gave attendees near instant access to essentials without stepping outside the venue. More than just a convenience counter, it served as a real time case study of how technology led operations can power seamless commerce even at large scale events.
While speakers debated how humans and intelligent systems will co create and co work, Zepto offered a practical reminder that sometimes the smartest innovation is simply getting a hot snack into hungry hands, fast.
