MAM
Moneycontrol Startup Conclave 2023 culminates on a high note
Mumbai: Moneycontrol team is happy to announce the grand culmination of the highly anticipated Startup Conclave 2023, a landmark event that congregated prominent entrepreneurs, industry leaders, and visionaries from around the world. Held on July 7th in Bengaluru, the conclave proved to be a resounding success, igniting inspiration, fostering collaboration, and shaping the future of India’s robust startup ecosystem.
Throughout the day-long event, attendees were treated to an exceptional lineup of engaging sessions, thought-provoking discussions, and insightful keynote speeches spotlighting the perspective of legacy institutions, regulatory bodies and even digitally adept architectures that aimed to collaborate, compete, yet co-exist in the future.
The fireside chat between NR Narayana Murthy and Rohan Murthy, where the father-son duo shared their wisdom and discussed the journey from startup street to Dalal Street, captivated the audience with their anecdotes. On sharing what it takes to be an entrepreneur he stated, “They must have the power of imagination. They must be comfortable with innovation, with doing something unusual.”
On devising leadership and organizational structure, he suggested, “Every startup company must have only one leader. There cannot be two or three leaders. Just one leader.” He added, “Once the managerial phase comes in, you invite managers to create systems and processes, establish protocols, invite independent directors, and have a good governance mechanism.”
The event also witnessed exclusive interviews with industry stalwarts such as Coursera CEO Jeff Maggioncalda, and Nir Eyal, renowned author of “Hooked,” leading the attendees to embrace innovation and disruption. Also featured were thought-provoking discussions on fintech, artificial intelligence, digital infrastructure, and the growth vs. profitability debate, that spotlighted the consolidation and convergence of sectors among startups in India.
Moneycontrol Startup Conclave 2023 triumphantly fulfilled its objective of creating a platform for meaningful dialogue, fostering collaboration among stakeholders. The event witnessed an attendance of over 700 attendees, in-person while several others joined via live stream.
Commenting on the success of the event, Network18 Media & Investments Ltd. CEO, digital & president, corporate strategy, Puneet Singhvi said, “We are thrilled with the ethos and impact garnered by Moneycontrol Startup Conclave 2023. The event exceeded our expectations, serving as a catalyst for inspiring discussions, forging valuable connections, and fueling the entrepreneurial spirit in India. We are proud to have provided a pedestal for bolstering the future of India’s startup ecosystem through this prestigious conclave.”
Moneycontrol expresses its gratitude to all the distinguished speakers, esteemed guests, presenting partners, organizers, and media personnel whose attendance contributed to the success of the Startup Conclave 2023. The conclave served as a testament to the resilience, innovation, and determination of the Indian startup community.
Brands
Magnum Ice Cream Netherlands takes control of Kwality Wall’s India from Unilever
61.9 per cent stake transfer reshapes ownership as Unilever exits promoter role
MUMBAI: Kwality Wall’s (India) Limited has entered a new chapter, with The Magnum Ice Cream Company HoldCo 1 Netherlands B.V. acquiring a controlling 61.9 per cent stake from a clutch of Unilever PLC-led entities, marking a significant shift in ownership.
The transaction, completed on March 30, 2026, follows a share purchase agreement signed in June 2025. The incoming promoter picked up over 145 crore equity shares, effectively taking control of the company and being formally classified as its new promoter under regulatory norms.
As part of the deal, the outgoing promoter group, including Unilever Group Limited and its affiliated entities, has fully exited its shareholding in the company. They have now been reclassified from promoter to public shareholders, closing a long-standing association with the ice cream business in India.
The board of Kwality Wall’s (India) Limited took note of the ownership change and approved a series of leadership updates alongside it. Ritesh Tiwari stepped down as director, while Abhijit Bhattacharya was appointed as chairperson and additional non-executive director. Tahir Toloy Tanridagli also joined the board as an additional non-executive director.
The reshuffle signals a broader strategic reset as the Magnum-led entity looks to steer the brand’s next phase of growth in India. The transition has been carried out in line with regulatory requirements, including disclosures tied to the open offer and reclassification norms under market regulations.
With Unilever stepping back and Magnum stepping in, Kwality Wall’s India is effectively getting a fresh scoop of leadership and direction. The coming months will reveal how the new promoter plans to scale the brand in one of the world’s most competitive ice cream markets.
