Brands
Weekend Unwind with Insight Cosmetics’ Mihir Jain
Mumbai: With another weekend upon us, it’s the perfect time to relax with Indiantelevision.com’s latest edition of Weekend Unwind-a fun and informal Q&A series that takes a deep dive into the minds of industry leaders. Through this weekend feature, we get a closer look at the people behind the titles, discovering their personal stories, passions, and unique perspectives.
In this week’s session, we have Insight Cosmetics sales and marketing director Mihir Jain. Since joining in 2016, Mihir has driven the company’s online growth, expanding its presence across multiple platforms and achieving 40 per cent quarterly growth. Insight Cosmetics, founded by Dinesh Jain in 2012, started as VOV International in 1986 and has grown from a small operation in Vasai to distributing across 20 states, 12,000 retail stores, and various online platforms. The brand offers over 350 SKUs and focuses on quality, safety, and innovation, with all products being FDA-approved, cruelty-free, and vegan.
Without further ado, here it goes…
Your mantra for life
My life mantra is simple, never give up, no matter what the situation is. Always keep pushing yourself and embrace each challenge as a chance to stretch your limits and stay committed to your path.
A book you are currently reading or plan to read
I’m currently reading Cold Steel by Tim Bouquet and Byron Ousey. It’s an intriguing read that delves into the intense and competitive world of finance.
Your fitness mantra
My fitness mantra is that it’s not just a one-day effort but has become a way of life. Consistency is the key to commitment and embrace fitness as a natural, integral part of your life, rather than viewing it as a chore.
Your comfort food
North Indian food, especially dal makhani with roti is my ultimate comfort meal. It instantly reminds me of home, filling me with a sense of warmth and nostalgia.
A quote or philosophy that keeps you going when the chips are down
A quote that keeps me going during tough times is “The more you sweat, the luckier you get.” This keeps me focused on hard work and seizing every opportunity, knowing that effort creates its own luck.
Your guilty pleasure
My guilty pleasure is staying up late into the night to watch movies while enjoying desserts. It’s my perfect combination of relaxation and indulgence after a long day.
The last time you tried something new
The last time I tried something new was scuba diving in Dubai. It was an unforgettable experience, and I truly enjoyed it. Scuba diving is now ingrained in my memory as a lifelong adventure.
A life lesson you learned the hard way
One valuable life lesson I’ve learned the hard way is to treat everyone, regardless of their position with respect. This not only keeps you humble but also paves the way for personal and professional growth.
What gets you excited about life?
What excites me about life is tackling new challenges at work and exploring new experiences. The thrill of overcoming obstacles and the joy of discovering something new keep me motivated and engaged.
What’s on top of your bucket list?
At the top of my bucket list, there are two thrilling adventures i.e., trekking to the base camp of Mount Everest and skydiving. Both represent grand adventures that promise breathtaking experiences and the thrill of pushing my limits.
If you could give one piece of advice to your younger self, what would it be?
The one piece of advice I will give to my younger self is: Don’t chase money, focus on doing what you love with all your heart. Success and fulfillment will follow when you’re passionate about your work.
One thing you would most like to change about the world
If I could change one thing about the world, it would be to foster greater kindness and compassion towards animals. A more empathetic approach to their well-being would reflect a more caring and humane society.
An activity that keeps you motivated and charged during tough times
Lawn tennis is my go-to activity for staying motivated and energized during tough times. It helps me stay focused, relieve stress, and maintain a positive outlook.
What lifts your spirits when life gets you down?
When life feels challenging, prioritising my health and fitness always lifts my spirits. Taking care of my body and staying in shape not only enhances my mood but also revitalizes my overall perspective.
Your go-to stress buster
To de-stress, I love watching comedy films like Bhool Bhulaiyaa and De Dana Dan. Their humor and lively scenes offer the perfect distraction and help me relax and rejuvenate.
Brands
Jio Financial Services posts Rs 1,560 crore FY26 profit
Revenue rises to Rs 3,513 crore as investments and lending scale up.
MUMBAI: If money makes the world go round, Jio Financial Services Limited is quietly spinning a much bigger wheel. The Reliance-backed financial arm reported a consolidated net profit of Rs 1,560.9 crore for FY26, slightly lower than Rs 1,612.6 crore in FY25, even as revenue growth gathered pace.
Total revenue from operations rose sharply to Rs 3,513.3 crore in FY26 from Rs 2,042.9 crore a year earlier, driven largely by a surge in interest income, which more than doubled to Rs 1,901.9 crore from Rs 852.5 crore. Fee and commission income also saw a significant jump to Rs 597 crore, compared to Rs 155.2 crore in FY25, reflecting expanding financial services activity.
For the March quarter, profit stood at Rs 272.2 crore, broadly flat compared to Rs 269 crore in the same period last year. Quarterly revenue from operations climbed to Rs 1,018.5 crore, up from Rs 493.2 crore year-on-year, signalling steady momentum in core income streams.
Expenses, however, moved in tandem with growth. Total costs nearly quadrupled to Rs 1,982.9 crore in FY26 from Rs 524.8 crore in FY25, with finance costs alone rising to Rs 745.1 crore from just Rs 7.7 crore a year earlier, reflecting increased borrowing and scale of operations. Employee expenses also grew to Rs 387.3 crore, while other expenses expanded to Rs 755 crore.
Profit before tax stood at Rs 1,911.7 crore for the year, slightly below Rs 1,946.9 crore in FY25. After accounting for a total tax outgo of Rs 350.8 crore, the company reported its final net profit figure.
Beyond the income statement, the balance sheet tells a story of rapid expansion. Total assets surged to Rs 1,63,497 crore as of March 31, 2026, up from Rs 1,33,510 crore a year earlier. Investments alone stood at Rs 1,33,088.7 crore, underscoring the company’s strong focus on treasury and financial asset growth.
However, the year also saw sharp volatility in other comprehensive income, which swung to a loss of Rs 16,028.3 crore, largely driven by fair value changes in equity instruments. This dragged total comprehensive income for FY26 to a negative Rs 15,756.1 crore, compared to a positive Rs 14,870 crore in FY25.
On the capital front, the company’s paid-up equity share capital remained steady at Rs 6,353.1 crore, with other equity rising to Rs 1,27,500.5 crore.
The numbers reflect a business in transition scaling rapidly across lending, investments and fee-based services, but also navigating the volatility that comes with mark-to-market movements in financial assets. In other words, while the top line is accelerating, the fine print still carries a few swings.
