Brands
Sula Vineyards toasts to record revenue in FY25, wine tourism pours in double-digit growth
MUMBAI: : Sula Vineyards, India’s largest wine producer, has uncorked its Q4 and FY25 sales update, reporting a record annual revenue of Rs 618.8 crore – a modest 1.7 per cent rise year-on-year. The last quarter was flatter, up just 0.7 per cent, but wine tourism stole the show with a strong 24.6 per cent jump in Q4 and a 10.2 per cent gain for the full year.
SulaFest’25, a crowd-puller, helped boost revenue alongside higher spend per guest and strong occupancy rates. While the elite and premium wine categories held steady in the domestic market, the elite segment alone grew a healthy 8 per cent. The Source range was the standout performer, enjoying robust double-digit growth.
In a major milestone, Sula secured listings for four new wines with the canteen stores department (CSD) after a two-year effort, expanding its range to nine wines. The first shipments rolled out in March, setting the stage for a strong CSD performance in FY26.
Flying high, Sula’s premium wine cans—Chenin Blanc, Zin Red, and Zin Rosé—are now served aboard IndiGo’s international business class, giving the brand a taste of global skies as India’s top airline spreads its wings overseas.
Meanwhile, the 2025 grape harvest delivered in both quantity and quality, marking five straight years of stellar vintages. With ample wine stocks, Sula is well positioned for a sparkling FY26.
Commanding over 50 per cent of the Indian wine market, Sula is the country’s largest wine producer and a pioneer in wine tourism. Its portfolio of nearly 70 labels is crafted across five state-of-the-art wineries in Maharashtra and Karnataka. Sula’s vineyard resorts and tasting rooms in Nashik and Bangalore attract over 400,000 visitors annually.
Brands
FSS names Anand Krishnamurthi head of global digital delivery
Tech veteran to drive AI-first, cloud-led transformation in payments globally
CHENNAI: Financial Software and Systems (FSS), an AI-first payment infrastructure company, has appointed Anand Krishnamurthi as head of global digital delivery.
In his new role, Anand Krishnamurthi will lead FSS’s global digital delivery capabilities, focusing on AI-first and cloud-led transformation while ensuring predictable, high-quality outcomes for customers worldwide. He will be based in Chennai and report to V. Balasubramanian, CEO of FSS.
Bringing 28 years of experience in technology and digital transformation across banking, capital markets, financial services, and insurance, Anand has held senior leadership positions at Cognizant and NuSummit. He is recognised for scaling multi-geography delivery teams, leading mission-critical platforms, and embedding AI-driven automation in complex, regulated environments.
“What drew me to FSS is its deep payments expertise, strong product DNA, and the scale at which its platforms power real-world financial ecosystems,” said Anand Krishnamurthi. “I aim to strengthen delivery predictability, execution rigor, and engineering quality, building empowered teams that deliver measurable customer outcomes. FSS has a unique opportunity to create real-time, AI-infused payments infrastructure that is resilient, secure, and globally scalable.”
V. Balasubramanian added, “Anand’s track record in leading multi-geography delivery programs and AI-first operating models makes him the ideal leader for FSS as we accelerate our AI-driven digital payments business. His leadership will help us raise the bar for outcomes globally.”
This appointment is part of FSS’s broader push to build an AI-powered, cloud-native delivery organisation capable of meeting the evolving needs of banks, fintechs, and financial institutions worldwide.
