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Arvind Advanced Materials gets new CEO in Gurpreet Singh Bhatia
MUMBAI: From oil when he started his career to heading a company making technologically advanced fabrics as its president & CEO is the transition that Gupreet Singh Bhatia has made.
The BE in mechanical engineering joined Shell Lubricants just as 2000 was approaching as regional sales manager -eastern region. Over 11 years he rose to becoming the global marketing – OEM & dealer marketing manager Asia Pacific when he decided to shift to Castrol as its vice-president B2B, a position he held for nearly four years.
Good fortune knocked on his doors and he was called to become the managing director &CEO of Livguard Energy Technology where he stayed for nine years when he received a call to join Arvind Advanced Materials based in Ahmedabad as its president & CEO – an assignment he took up earlier in December 2024.
Arvind Advanced Materials has several verticals. Among them figure: human protection for eg: (flame retardant wear and high visibility industrial wear), advanced composites (glass fabrics for wind energy), filtration (fabric for wet filtration and hot gas filtration), technical yarns (speciality threads for protective garments), reinforcement fabrics (fabrics for diaphragms, bellows and automotive hoses, for eg) and coated products (for eg, textile print media and for interior décor).
Bhatia is known for his dynamism and leaning toward diversity and inclusive outlook is looking forward to a journey of transformation and growth at Arvind Advanced Materials.
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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.
