MAM
Future Group’s Indivision India invests Rs 500 mn in VLCC
MUMBAI: VLCC, health, beauty and personal care products player, has announced that it has received an investment of Rs. 500 million from Indivision India Partners, a private equity fund promoted by Future Capital Holdings, the financial services arm of the Future Group..
An official statement says that the investment would be made in VLCC Health Care Limited, which manages the VLCC brand of businesses spanning a chain of slimming, beauty and fitness centers, manufacturing and marketing of personal care products and management of educational institutes for beauty and health.
The investment is structured in the form of a convertible debenture and the proceeds will largely be used to fund the expansion of new VLCC centers both in India and overseas.
In addition, the funds will also be utilized in growing the company’s subsidiary, VLCC Personal Care Ltd., engaged in manufacturing and marketing ayurvedic/herbal personal-care products.
VLCC Health Care Ltd., chairman and managing director Mukesh Luthra said, “We plan to be a 300 centre strong company in the next three years, with a significant presence in international markets. Also on the cards by 2010 is a Rs.10 billion turnover.
Another area where the investment would play a key role is in building VLCC Personal Care Ltd. into a leading player in the
personal care products segment. Overall, this investment would help us achieve faster growth and strengthen our efforts to further consolidate our leadership position, for in addition to investing into the company; Indivision shall add considerable strategic value to the business. We are indeed pleased to have them as our investment partner.”
“There has been a growing trend towards increased consumer spend on personal grooming, health and wellness products and services.” said Future Capital Holdings CEO and managing director Sameer Sain. “The value-add from the Future Group and the Indivision team will enable VLCC to accelerate its growth and continue to dominate this category.”
Luthra added, “The Indivision investment represents the second round of funding that the VLCC Group has received, the earlier one being in 2004 when US$ 10 million were invested by CLSA, the Asian investment banking arm of Crédit Agricole.”
VLCC currently has nearly a 100 centers in 55 cities across India and the UAE. It also has 10 VLCC Institutes in seven cities that provide diploma courses in beauty and nutrition to over 2,500 students a year.
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TCS and ServiceNow join forces to fast-track AI in enterprises
New partnership aims to turn clunky workflows into smart, self-learning engines
MUMBAI: Tata Consultancy Services (TCS) and ServiceNow have teamed up to help businesses move from AI experiments to full-scale adoption. The multi-year partnership will see TCS building industry-specific AI solutions on the ServiceNow platform, transforming slow, manual processes into intelligent, autonomous workflows that learn and improve over time.
Enterprises are eager for smarter ways to handle back-office functions like HR, finance, supply chain, procurement, and employee services. With this collaboration, TCS will offer AI-led solutions that bring together trusted AI, modern workflows, and deep industry knowledge, helping businesses work faster, smarter, and more efficiently.
ServiceNow president and chief product officer Amit Zavery said, “Enterprises need partners who can combine innovation, execution, and governance. Together with TCS, we are embedding AI directly into workflows, modernising legacy systems, and driving measurable results.”
TCS executive director and COO Aarthi Subramanian added, “Companies are ready to move beyond pilots to enterprise-wide transformation. Our partnership will embed intelligence across IT, operations, and customer functions, unlocking speed, efficiency, and lasting advantage.”
The solutions are designed to break down silos, giving organisations a holistic, insight-driven view. HR operations, for instance, could shift from fragmented services to a smooth hire-to-retire lifecycle, boosting productivity and engagement. Similarly, order processing could evolve from a slow, multi-step cycle into a fast-moving engine that drives revenue and cash flow.
TCS is already ServiceNow’s largest user for IT Asset Management, rolling out the system across thousands of devices in just three months. Both companies will also invest in co-innovation labs, solution showcases, and joint go-to-market initiatives to bring these AI capabilities to clients.
With this partnership, enterprises can look forward to workflows that think for themselves, helping businesses stay ahead in the AI era.
