Brands
India’s first Lego store clicks into place with Ample’s Gurugram mega-launch
MUMBAI: The Lego dream just got bigger—and real. Ample group, the retail ace behind big-name brand tie-ups in India, has teamed up with the Lego group to launch the country’s first and South Asia’s largest Lego Certified Store at Ambience Mall in Gurugram.
Spread across a sprawling 4,500+ sq. ft., this flagship retail paradise isn’t just another store—it’s a technicolour tribute to the power of play. Packed with interactive stations, digital experiences, iconic builds, and hands-on joy, it’s part toy box, part wonderland—and designed to hook everyone from toddlers to AFOLs (adult fans of Lego).
Ample group founder & CEO Rajesh Narang said: “At Ample, we have always believed in creating meaningful experiences for our customers by bringing some of the world’s most iconic brands closer to Indian customers, be it Apple, Bose, Under Armour, Asics, and now Lego group. With the launch of south Asia’s Largest Lego certified store, we are not just introducing a brand but offering families a space to imagine, play and create memories together. Our goal is to deliver experiences that go beyond shopping, where every visit feels special and interaction adds value.”
This landmark opening comes as India’s economy is projected to grow by 6.3 per cent in 2025. With a surging middle class and rising appetite for premium experiences, Ample is betting big on immersive retail. It plans to open 30 Lego stores over the next five years, including the next one in Bengaluru’s Orion Mall.
“Today is not just about opening a store—it marks a pivotal moment in Lego’s India’s journey, one that celebrates the power of play in its truest form,” said Lego India country manager Bhavana Mandon,. “We’re thrilled to finally bring the Lego brand experience to India in close partnership with the Ample Group. We’re laying the foundation for a strong retail presence and aim to help more Indians connect with the joy of play through multiple stores over the next two years. The energy, creativity, and passion we’ve witnessed today show that India’s Lego moment has truly arrived. As we enter this exciting phase of growth, we look forward to building spaces where people of all ages can build together.”
Beyond retail buzz, the new store aims to cut screen time and boost cognitive skills with good old-fashioned hands-on play. From AI-powered displays to custom minifigs, it’s a bold mix of nostalgia and next-gen engagement.
Established in 1996, Ample group has built a reputation for rolling out premium brand experiences, operating 100+ stores across the country and charming over a million customers. With a target CAGR of over 30 per cent over the next five years, the company shows no signs of slowing.
Looks like Lego’s Indian adventure has finally clicked into gear—and it’s anything but child’s play.
Brands
YES Bank hands the keys to SBI veteran Vinay Tonse as it bets on a new era
Former SBI managing director appointed as YES Bank’s new MD and CEO
MUMBAI: YES Bank is done rebuilding. Now it wants to grow. The private sector lender has appointed Vinay Muralidhar Tonse as managing director and chief executive officer-designate, with RBI approval secured and a start date of April 6, 2026 confirmed. The three-year term signals the bank’s intent to shift gears from crisis recovery to full-throttle expansion.
Tonse, 60, is no stranger to scale. Most recently managing director at State Bank of India, he oversaw a retail book of roughly $800bn in deposits and advances, one of the largest in the country. Before that, he ran SBI Mutual Fund from August 2020 to December 2022, a stint that saw assets under management surge from Rs 4.32 lakh crore to Rs 7.32 lakh crore across market cycles. Add stints in Singapore and four years leading SBI’s overseas operations in Osaka, and the incoming chief arrives with a genuinely global CV.
His academic grounding is equally solid: a commerce degree from St Joseph’s College of Commerce, Bengaluru, and a master’s in commerce from Bangalore University.
The appointment follows an extensive search and evaluation process by the bank’s Nomination and Remuneration Committee. NRC chairperson Nandita Gurjar said the committee unanimously backed Tonse, citing his leadership track record, governance credentials and ability to drive the bank’s next phase of transformation.
Non-executive chairman Rama Subramaniam Gandhi was unequivocal. “I am certain that Vinay Tonse, with his vast experience as a senior banker, will propel YES Bank to its next phase of growth,” Gandhi said, adding that the bank remains focused on strengthening its retail and corporate banking franchises and expanding its branch network.
Rajeev Kannan, non-executive director and senior executive at Sumitomo Mitsui Banking Corporation, the bank’s largest shareholder, said Tonse’s experience across retail, corporate banking, global markets and asset management positioned him well to lead the lender. SMBC said it looks forward to working with Tonse and the board as YES Bank pursues its ambition of becoming a top-tier private sector lender anchored in strong governance and sustainable growth.
Tonse succeeds Prashant Kumar, who took the helm in March 2020 when YES Bank was in freefall following a severe financial crisis, and spent six years painstakingly stabilising the institution, rebuilding governance and restoring operational scale. Gandhi was generous: “The bank remains indebted to Prashant Kumar, who is responsible for much of what a strong financial powerhouse YES Bank is today.”
Tonse, for his part, struck a purposeful note. “Together with the board and my colleagues, I remain deeply committed to creating long-term value for all our stakeholders,” he said, pledging to build on Kumar’s foundation guided by his personal motto: Make A Difference.
Beyond the balance sheet, Tonse played cricket at college and club level and represented Karnataka in archery at the national championships — sports he credits with teaching him teamwork, situational leadership, discipline and focus. In quieter moments, he reaches for retro Kannada music, classic Hindi songs, and the crooning of Engelbert Humperdinck, Mukesh and Kishore Kumar.
YES Bank has its steady-handed rebuilder in Kumar to thank for survival. Now it has a scale-obsessed growth banker at the wheel. The next chapter starts April 6.
