MAM
Logic Fruit Technologies INC appoints Akshaya Sharma as CEO of US operations
Mumbai: Logic Fruit Technologies INC – one of the fastest-growing providers of IPs, embedded solutions, and product engineering services has announced the onboarding of Akshaya Sharma as the new CEO to oversee the company’s US operations.
Akshaya possesses an extensive experience of more than two decades in engineering and business leadership. His ability to leverage big data, data science and software engineering to deliver impactful solutions will be instrumental in facilitating the overseas business expansion of Logic Fruit. As part of his new role, he will be responsible for formulating impactful go-to-market strategies and driving sales growth.
Elated about joining Logic Fruit Technologies, Akshaya Sharma said, “I am honoured to lead the US operations of a disruptive deep-tech company that has revolutionised the market with its innovative engineering capabilities. I look forward to working with the talented team to drive innovation, deliver exceptional solutions, and contribute to the company’s continued success.”
Being optimistic about Akshaya’s appointment, Fruit Technologies Pvt Ltd co-founder and CEO Sanjeev Kumar Logic said, “We are delighted to have Akshaya Sharma onboard. His skills and leadership will help drive the company’s international expansion and undoubtedly, his role will contribute significantly to our continued success.”
With his directional acumen and proficiency, Akshaya demonstrates a proven track record of sales transformation and growth. Prior to joining Logic Fruit Technologies, Sharma held key positions at prestigious companies including Netflix and Uber. This helped him gain recognition for overseeing the development of data-driven applications using AI, machine learning, and computer vision.
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Maruti Suzuki posts record FY26 profit of Rs 14,445 crore, dividend at Rs 140
Sales hit 24.22 lakh units as Q4 revenue crosses Rs 50,000 crore mark
NEW DELHI: Maruti Suzuki India Limited reported its highest-ever annual performance for FY2025-26, with record sales volumes, revenue and profit, alongside a dividend of Rs 140 per share.
The company posted net sales of Rs 1,74,369.5 crore for the full year, marking a 20.2 per cent increase over FY2024-25. Net profit stood at an all-time high of Rs 14,445.4 crore, up slightly from Rs 14,297.6 crore in the previous year.
Total sales for the year reached 24,22,713 units, compared to 22,34,266 units last year. Domestic sales accounted for 19,74,939 units, while exports rose sharply to 4,47,774 units from 3,32,585 units a year earlier. The company retained its position as India’s top passenger vehicle exporter for the fifth consecutive year, contributing 49 per cent of total exports.
Exports of the made-in-India e VITARA, the company’s first battery electric vehicle, expanded to 44 countries, highlighting its growing global footprint.
In the January to March quarter, Maruti Suzuki recorded its highest-ever quarterly sales of 6,76,209 units, an increase of 11.8 per cent year-on-year. Domestic sales stood at 5,38,994 units, while exports touched a record 1,37,215 units.
Quarterly net sales crossed the Rs 50,000 crore milestone for the first time, reaching Rs 50,078.7 crore, up from Rs 38,839.1 crore in the same quarter last year.
Operating profit, measured as EBIT, rose 30.4 per cent to Rs 4,409.2 crore, reflecting improved operating efficiency. However, net profit declined 6.9 per cent year-on-year to Rs 3,590.5 crore, primarily due to mark-to-market impacts.
The company said growth in the second half of the year was supported by a reduction in GST rates, which boosted demand in the domestic market. However, production constraints remained a challenge, with around 1,90,000 pending customer orders at the end of the year, including nearly 1,30,000 in the small car segment. Dealer inventory levels were also low, at about 12 days of stock.
During the year, Suzuki Motor Gujarat Private Limited was amalgamated into the parent company, effective 1 December 2025, with financials restated from 1 April 2025 for comparability.
The board recommended a dividend of Rs 140 per share, up from Rs 135 in FY2024-25, marking the highest payout in the company’s history.
With strong export momentum, improving domestic demand and continued capacity constraints, Maruti Suzuki enters FY27 balancing growth opportunities with supply-side challenges, even as it strengthens its position in both conventional and electric vehicle segments.
