MAM
Mavericks appoints Gaurav Tuli as new digital and tech director
MUMBAI: When brands talk clicks, The Mavericks wants to talk connections and its latest hire proves it’s serious. The integrated marketing communications agency has appointed Gaurav Tuli as director digital & tech, a move set to sharpen its AI-first, insight-led storytelling play. Armed with over 16 years of cross-market experience across India and Canada, Tuli has worked on marquee accounts including Bayer, Ford, Wendy’s, Jamie’s Italian, Pepsico, Swaraj Tractors, Hyatt, Interglobe, Oriflame, Luminous, and Himel. His track record spans sectors as varied as Auto, Healthcare, FMCG, Aviation, Hospitality, Banking, Alcobev, Education and Beauty blending tech with creativity to deliver campaigns that don’t just convert, but connect.
At The Mavericks, Tuli will anchor digital transformation with new service lines built on Generative AI, predictive analytics, and automation. But for him, AI isn’t about replacing creativity, it’s about amplifying it. “The intersection of data, technology, and creativity is where the most exciting things are happening,” he said. “From Generative Engine Optimisation for AI discoverability to predictive performance models, these tools help brands move faster, listen smarter, and create more meaningfully.”
The Mavericks India founder & CEO Chetan Mahajan echoed the sentiment, noting: “Integrated communications is no longer about channels ,it’s about cohesion. In the digital age, integration means agility, real-time impact, and context. Gaurav will be integral to building that ecosystem.”
With brands now seeking outcome-driven communication rather than vanity metrics, The Mavericks’ appointment signals its ambition to push boundaries. For Tuli, the task is clear: keep brands discoverable, scalable, and emotionally resonant in an AI-led, digital-first world
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.
