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Funskool India appoints old-timer K.A. Shabir as new CEO
MUMBAI: Being in the toys business is no child’s play. But KA Shabir is willing to take on the challenge. From 1 January 2025, he has taken on the mantle of leading the leading Indian toymaker Funksool India Ltd , part of the MRF group, as its CEO.. He replaces the very affable R. Jeswant who was appointed in CEO in 2020 and retired year-end 2024.
Shabir has been with Funskool for over 33 years and is an accomplished techno commercial expert who has led many departments in Funskool such as international business, manufacturing, factory operations and new product development while also driving organisational growth.
“Funskool pioneered the concept of quality and safety in toys and has been instrumental in raising the standards of toys in India. To lead this 39-year-old organisation which has many firsts to its credit at a time when it is expanding rapidly, is an honour. As a team, we will bring out interesting and innovative creations to make playtime a delight for children,” said Shabir.
Amongst the firsts to its credit is the BIS certification for the electric toys it manufactures in its Goa plant as well for its non-electric toys it makes in its Ranipet manufacturing facility. It received both the certifications in October 2020, much before the government set deadline of 1 January 2021.
For over a decade, Shabir has been the face of Funskool in the international fora within the toy industry. He is hailed as one of the expert voices in the Indian toy industry. Shabir’s acumen for identifying market opportunities and devising tailor made strategies for new customers has expanded Funskool’s global footprints and its exports revenue.
Having excelled in his earlier role as vice president – international division and manufacturing, Shabir’s transition to the new role of CEO marks a new chapter in Funskool’s growth journey. Under his leadership, Funskool is poised to drive innovation in product development, explore new markets, win more marquee customers from across the globe, use the best of technologies to improve toy manufacturing, further the sustainability initiatives and redefine toy industry standards, says a company press release..
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Angel One Q4 profit surges 83 per cent to Rs 320cr
year net profit dips 22 per cent to Rs 915cr as revenue softens slightly to Rs 5,137cr.
MUMBAI: Angel One has just earned its wings in style delivering a blockbuster Q4 that proves the brokerage giant is still flying high even in a cautious market. Standalone revenue from operations for the three months ended 31 March 2026 rose sharply to Rs 1,459cr, up from Rs 1,056cr a year ago. Total income stood at Rs 1,467cr. After all expenses, profit before tax came in at Rs 440cr, while net profit for the quarter surged 83 per cent to Rs 320cr (versus Rs 175cr last year). Basic EPS stood at Rs 3.52 and diluted at Rs 3.44.
For the full year ended 31 March 2026, revenue from operations was Rs 5,137cr compared with Rs 5,238cr in FY25. Total income reached Rs 5,152cr. Profit before tax was Rs 1,272cr, and net profit came in at Rs 915cr (down from Rs 1,172cr). Basic EPS was Rs 10.09 (from Rs 13.00) and diluted Rs 9.85 (from Rs 12.68).
Total comprehensive income for the quarter stood at Rs 321cr, while the full-year figure was Rs 913cr.
The strong quarterly performance reflects robust growth in interest income (Rs 455cr) and fees & commission (Rs 1,000cr), even as the full-year numbers moderated amid a softer overall environment. Finance costs rose to Rs 134cr in Q4 (full year Rs 437cr), while employee benefits stood at Rs 244cr for the quarter (full year Rs 1,067cr).
In a year when many brokers felt the pinch of muted market activity, Angel One has delivered a sparkling Q4 that shows its core broking engine is firing on all cylinders. With the books now closed on FY26, the Mumbai-based player has once again demonstrated that consistent execution and a sharp focus on retail participation continue to pay rich dividends in India’s booming capital markets.
