MAM
Kyndryl India appointed as technology partner of Honda Motorcycle and Scooter India
Mumbai: Honda Motorcycle and Scooter India (HMSI) recently announced its exclusive collaboration with IT infrastructure services provider Kyndryl, to elevate its IT and security transformation journey across HMSI’s manufacturing plants.
Currently, Kyndryl manages infrastructure services for plant production applications, enterprise and dealer management systems for all the dealers.
Bringing operational efficiency with an agile and improved customer service experience, the company’s renewed alliance with Kyndryl will improve infrastructure manageability and uptime through increased automation as well as enhance the company’s cybersecurity and resiliency.
Further enhancing HMSI’s business applications and IT systems’ availability, the new partnership will integrate an on-demand disaster recovery-as-a-service (DRaaS) set-up for minimal outage and production loss during a crisis impacting HMSI’s primary data centre.
Speaking on the association, Honda Motorcycle & Scooter India managing director, president & CEO Atsushi Ogata said, “At HMSI, we are glad to announce our exclusive technological partnership with Kyndryl India. Their in-depth knowledge of HMSI’s business functions pillaring upon complex IT systems is what precisely makes them a trusted advisor for our operations in India. Moving forward, the new synergy will enable us with better business availability and operations predictability while infusing a more agile IT environment that serves our customers and partners better.”
Sharing his thoughts on the partnership, Kyndryl India president Lingraju Sawkar said, “In an increasingly competitive ecosystem staying ahead of the curve and anticipating business and operational challenges is paramount. Kyndryl’s proven expertise in infrastructure management, automation, and cloud transformation, coupled with a deep understanding of HMSI’s critical operations allows us to anticipate and structure a resilient and agile framework for the future. We are excited to expand on our collaboration with HMSI as they further unlock the potential of true digital transformation within their India operations.”
During a disaster, Kyndryl’s cloud resiliency orchestration tool will bring HMSI’s primary data centre to a fully operational state in a matter of seconds, and its resiliency architecture will span seismic zones for added flexibility to systems during a customer demand surge.
Brands
Eternal posts Rs 54,364 crore revenue, up 168 per cent in FY26
Q4 profit rises to Rs 174 crore as firm streamlines District business
NEW DELHI: Eternal Limited reported a sharp surge in scale for FY26, with consolidated revenue rising 168 per cent year-on-year to Rs 54,364 crore, underscoring strong growth across its core businesses.
The company’s growth was mirrored in its bottom line, with a total annual profit of Rs 366 crore. The fourth quarter was particularly strong, contributing Rs 17,292 crore in revenue and Rs 174 crore in profit, a sharp rise compared to the Rs 39 crore profit recorded in the same period last year.
Key financial metrics from the report include:
- Total assets: Increased to Rs 40,736 crore from last year’s Rs 35,623 crore.
- Delivery charges: The company collected Rs 9,065 crore in delivery and related charges over the year.
- Employee costs: Staffing and benefit expenses amounted to Rs 3,536 crore.
- Liquidity: The firm maintains a cash balance of Rs 996 crore, supported by Rs 632 crore generated from operating activities.
On the strategic front, the company has approved the transfer of its District platform’s technology stack to its wholly owned subsidiary, Wasteland Entertainment Private Limited. The deal, valued at Rs 24.19 crore, will be completed in cash and is expected to close by May 1, 2026, along with the transition of select employees. The move is aimed at consolidating its entertainment and ticketing operations under a focused entity.
From a regulatory standpoint, statutory auditors Deloitte Haskins & Sells issued an unmodified opinion on the financial results. However, they flagged an ongoing show cause notice related to GST on delivery charges, which the company continues to contest, citing a strong legal position.
With robust revenue growth and ongoing structural tweaks, Eternal is clearly sharpening its playbook as it expands beyond its core into a broader consumer services ecosystem.
