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FundsIndia puts retail at the centre as Rhishabh Garg takes charge of digital business
BENGALURU: FundsIndia has appointed Rhishabh Garg as chief executive officer, digital business, signalling a renewed push to scale its retail investing franchise as participation by Indian households deepens.
Garg will lead FundsIndia’s B2C strategy, overseeing product innovation, customer experience and growth, as the digital-first investment platform doubles down on technology-led, research-backed investing solutions for retail users.
The appointment fits into FundsIndia’s three-pronged leadership structure. The digital business will be led by Garg, while Manish Gadhvi continues as chief executive officer, partners business, and Srinivas Mendu remains chief executive officer, private wealth. All three report to Akshay Sapru, group chief executive officer, FundsIndia, and are tasked with driving coordinated growth across the organisation.
Garg brings more than a decade of experience across digital finance and consumer internet businesses. Most recently, he served as head of term insurance at PolicyBazaar, where he drove growth, customer engagement and product and distribution strategy at scale. An alumnus of the Indian Institute of Technology, Delhi and the Indian School of Business, he has built and led teams across product, distribution and growth roles within India’s digital financial services ecosystem.
“I am delighted to join FundsIndia at a defining moment in its journey, as retail participation in Indian markets continues to deepen and mature,” said Rhishabh Garg, CEO – Digital (Retail), FundsIndia. “I truly value the trust placed in me by the leadership, and I look forward to working with a passionate, high-performing team to build on FundsIndia’s strong foundation of research, trust and technology. Together, our focus will be on simplifying investing, elevating customer experience, and enabling millions of Indians to build long-term wealth with clarity and confidence.”
At FundsIndia, Garg will focus on strengthening digital capabilities, refining product journeys and building high-performing teams aligned with the company’s mission of making investing simpler and more accessible.
Founded in 2009, FundsIndia operates across digital retail, partner-led distribution and private wealth, offering investment products spanning mutual funds, equities and insurance. With over a million customers and partners, the platform is positioning itself for the next leg of growth as retail investors become more sophisticated and digitally native.
By handing the digital reins to a seasoned consumer-finance operator, FundsIndia is making its intent clear. Retail is no longer just a vertical. It is the engine.
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Ceat FY26 profit rises 68.6 per cent to Rs 812.7 crore
Q4 PAT up 182.5 per cent; revenue grows 15.5 per cent to Rs 15,214.9 crore
MUMBAI: Tyres are rolling faster and so are Ceat’s numbers. Ceat Limited reported a strong performance for FY26, with profit after tax surging 68.6 per cent year-on-year to Rs 812.7 crore, driven by steady revenue growth and improved operating efficiency. For the full year, revenue from operations rose 15.5 per cent to Rs 15,214.9 crore, compared to Rs 13,171.7 crore in FY25. Total income stood at Rs 15,346.4 crore, reflecting both core growth and higher other income.
The March quarter delivered an even sharper uptick. Q4 FY26 revenue grew 18.2 per cent year-on-year to Rs 4,035.9 crore, while profit after tax jumped to Rs 283.6 crore up from Rs 100.4 crore in the same period last year, marking a 182.5 per cent increase.
Operating performance remained firm, with EBITDA margins improving to 14.55 per cent in Q4 from 11.56 per cent a year ago. Net profit margin for the quarter stood at 7.03 per cent, more than doubling from 2.94 per cent in Q4 FY25.
Cost pressures remained visible but manageable. Material costs for the year rose to Rs 9,197.1 crore, while finance costs increased to Rs 359.5 crore, reflecting higher borrowings. However, stronger topline growth and operational efficiencies helped offset these pressures.
On the balance sheet front, net worth expanded to Rs 5,067.0 crore as of March 31, 2026, up from Rs 4,285.8 crore a year earlier. The debt-to-equity ratio stood at 0.59, compared to 0.45 in FY25, indicating a moderate rise in leverage amid expansion and funding activity.
Cash flow from operations remained robust at Rs 1,839.9 crore for FY26, supporting capital expenditure of over Rs 1,076.0 crore towards capacity and asset investments. The company also deployed capital across investments and mutual funds during the year.
In terms of financing, Ceat raised Rs 250 crore through unsecured non-convertible debentures during the year, while Rs 400 crore of such instruments remain outstanding. Additionally, commercial papers worth Rs 500 crore were outstanding but not due for repayment as of March-end.
The numbers suggest a company gaining traction across both growth and profitability metrics, where steady demand, improved margins and disciplined capital allocation are helping CEAT keep its performance firmly on track.
