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BonV Aero takes flight with defence honours
MUMBAI: When it comes to innovation, this startup isn’t just flying high, it’s soaring into the nation’s defence hall of fame. Odisha-based aerospace firm BonV Aero has clinched the SIDM Champion Award (Special Jury) under technology/product innovation to address defence capabilities gap, a proud recognition of its indigenous advances in aerial systems.
The award was presented by defence minister Rajnath Singh to BonV Aero co-founder and CEO Satyabrata Satapathy, who dedicated the win to the nation and the armed forces. The Society of Indian Defence Manufacturers (SIDM) instituted the awards to honour excellence in home-grown defence manufacturing and technology breakthroughs.
BonV Aero’s work in high-altitude, heavy-payload, and autonomous aerial systems has drawn national attention for expanding what unmanned aircraft can achieve in India’s tactical and logistics landscapes. The startup’s indigenous propulsion systems, rugged airframes, and self-flying technologies enable these drones to carry heavy loads, operate independently in complex terrains, and adapt to mission-critical defence operations.
As the only Odisha-based startup to receive this recognition, BonV Aero has put the state’s deep-tech ambitions on the national map. The company’s blend of design precision and operational reliability is creating aerospace solutions that are as strategic as they are self-reliant, aligning seamlessly with India’s Aatmanirbhar Bharat vision.
“This recognition from SIDM and the Ministry of Defence is a proud moment not just for BonV Aero, but for Odisha’s entire innovation community,” said Satyabrata Satapathy, adding that the firm’s mission is to “build systems that perform where it matters most, from high-altitude frontiers to rapid-response tactical environments.”
The awards jury, chaired by Satheesh Reddy, former DRDO chairman and scientific adviser to the Defence Minister, featured a distinguished panel including Prahlada Ramarao (padma shri), air marshal Anil Chopra (retd.), vice admiral S.K.N. Ghormade (retd.), and maj gen P.K. Saini (retd.), among others.
Endorsed by defence minister Rajnath Singh, the SIDM Champion Awards continue to highlight the power of collaboration between industry and the armed forces, spotlighting innovation as the new arsenal of modern defence.
With this recognition, BonV Aero has not just lifted off, it’s redefining flight itself, positioning India for a future where indigenous ingenuity leads the way in aerospace and defence technology.
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Muthoot FinCorp names Arun Kumar COO & Harjit Singh Takkar chief distribution officer
Leadership hires to boost operations and widen pan-India reach
THIRUVANANTHPURAM: Muthoot FinCorp has strengthened its top deck with the appointment of Arun Kumar B as chief operating officer and Harjit Singh Takkar as chief distribution officer, sharpening its focus on scale, speed and service as it pushes into its next phase of growth.
The flagship financial services arm of the 138-year-old Muthoot Pappachan Group, popularly known as Muthoot Blue, is expanding both muscle and mindset. With more than 3,750 branches nationwide and its digital platform, the Muthoot FinCorp ONE app, the company is betting on tighter execution and wider reach to stay ahead in an increasingly competitive lending market.
Arun Kumar B steps in with nearly two decades of experience cutting across financial services, technology transformation and customer analytics. He previously worked with CreditAccess Grameen, where he led enterprise-wide technology and data strategy initiatives and played a pivotal role during a major merger in the microfinance space. His work spanned integrating operations and products while scaling lending and non-credit offerings such as insurance and pensions.
At Muthoot FinCorp, Arun will steer operational excellence and strategic growth initiatives, aligning teams and processes to deliver sharper efficiency across the business. A gold medallist from Anna University and a postgraduate from IIM Indore, he also holds certifications in design thinking, Blue Ocean Strategy and business analytics.
Harjit Singh Takkar takes on the newly created role of chief distribution officer, reporting directly to the chief executive officer. The position is designed to energise the company’s distribution engine and bring greater governance and agility across its branch network.
Takkar brings over 28 years of retail banking experience, having held senior leadership roles at IndusInd Bank, Bandhan Bank, Yes Bank and ICICI Bank. Known for scaling branch networks and building high-performing teams, he combines distribution expertise with governance depth as a qualified company secretary with a master’s degree in finance and control.
In his new role, Takkar will oversee branch business and distribution channels, with a clear brief to expand reach, lift productivity and reinforce the company’s pan-India presence.
Commenting on the appointments, Muthoot FinCorp Ltd. chief executive officer Shaji Varghese, said the company continues to invest in leadership as it scales. “Our purpose is to improve the financial well-being of the common man. As we grow, strengthening leadership across key functions is important to ensure consistency in execution and customer experience,” he said.
With complementary strengths in operations and distribution now in place, Muthoot FinCorp appears set to move from steady expansion to sharper acceleration, backed by people, process and technology working in concert.
