MAM
High Spirit Commercial Ventures elevates Lauv Jaiswal as CMO
MUMBAI: High Spirit Commercial Ventures (Traworld), the backpackers and luggage bags’ company, has elevated Lauv Jaiswal as its chief marketing officer. Jaiswal is an engineer-turned-marketing professional and has been spearheading the company’s marketing initiatives for the last six years, which spread across multiple brands like Priority, Humty Dumty, Hashtag, and Traworld.
He is further going to lead the new brand campaign “The World Is Your Ramp” launched with Bollywood actress Sonam Kapoor Ahuja, who has recently been roped in as brand ambassador for their leading luggage brand ‘Traworld’. The campaign would involve print advertising spread across India with an advertising budget of Rs 15 crore, which includes BTL activities at 3500 MBOs spread across India.
Commenting on the development, High Spirit Commercial Ventures (Traworld) founder and managing director Tushar Jain said, “I am very delighted to elevate Lauv Jaiswal as the chief marketing officer. We are very confident that he will work towards building strong and long-lasting brands for the company and will strengthen our luggage brand Traworld.”
Commenting on the development, Jaiswal said, “I am very excited to build leading luggage brand ‘Traworld’. We have emerged as the fourth largest bags brand in the country in a short span of time. We are on the path of building strong and sizable bags brand in the country.”
Brands
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.
