MAM
Incred backs kabaddi with Jaipur Pink Panthers and Gujarat Giants tie-up
MUMBAI: Credit where it’s due, kabaddi just got a fresh financial backer. Incred Financial Services Limited (Incred Finance), the tech-led NBFC known for its risk-analytics edge, has partnered with Jaipur Pink Panthers and Gujarat Giants as Associate Partner for the 2025 Pro Kabaddi League (PKL), starting 29 August.
The move marks Incred’s push beyond cricket where cricketer Shreyas Iyer is already its brand face and into a sport that’s as desi as it gets. With kabaddi boasting more than 3 crore viewers and popularity stretching from metros to Tier 2, Tier 3 and rural markets, the partnership aligns neatly with Incred’s mission to extend credit access to aspirational India.
The NBFC, with 140 plus branches and 2,500 plus employees, serves individuals and MSMEs with products spanning personal, education, MSME business, loan against property, and digital merchant loans. By associating with kabaddi, Incred hopes to amplify its reach in the underserved segments it champions.
“InCred has always stood for resilience and ambition qualities that kabaddi reflects beautifully,” said Incred Finance founder & CEO Bhupinder Singh noting the sport’s deep grassroots connect. Incred Finance group head of marketing Radhika Zingade added that kabaddi’s energy and ethos mirror the brand’s own, calling the association with two powerhouse teams “a natural step.”
And powerhouse is no exaggeration. Jaipur Pink Panthers, owned by Abhishek Bachchan, are two-time PKL champions with a consistent record of title runs. Meanwhile, Gujarat Giants made headlines this season by signing Mohammadreza Shadloui Chiyaneh for Rs 2.23 crore, the highest-ever bid in PKL history.
With 12 teams battling it out across Vizag, Jaipur, Chennai, and Delhi, PKL Season 12 promises fierce tackles and fresh storylines. For Incred, it’s not just a game of sport, it’s a high-stakes play to connect with India’s heartland, where both credit and kabaddi matter most.
Brands
Tata Consumer Products faces Rs 98 crore tax demand
Income tax authorities raise significant demand for the 2022-23 financial year
MUMBAI: Tata Consumer Products Limited has received an assessment order from the income tax department involving a substantial financial demand. The order, issued by the assistant commissioner of income tax in Kolkata, was received by the company on 13 March 2026. It follows an audit of the income tax returns filed for the 2022-23 financial year, during which the assessing officer made specific additions and disallowances to the company’s reported income.
The total demand raised by the authorities amounts to Rs 98,03,33,930, a figure that includes both the principal tax amount and accrued interest. This disclosure was made by the company’s company secretary & compliance officer, delnaz dara harda, in a formal filing to the National Stock Exchange and BSE Limited on 14 March 2026. The filing was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
In response to the order, Tata Consumer Products has stated that it believes the demand is not maintainable under current law. The management has confirmed that the company is currently in the process of filing an appeal against the assessment. Furthermore, the company clarified that there is no immediate impact on its current financial standing, operations, or other corporate activities resulting from this specific order.
