Brands
Mufin Group bags LKP Finance in Rs 370 crore all-cash power move
MUMBAI: Mufin Group just made a big-money move. In an all-cash deal that sent ripples through the financial sector, Mufin Group has acquired a majority stake in LKP Finance Limited, boosting its net worth by a hefty Rs 370 crore. More than just an acquisition, this is a power play-one that positions Mufin as a dominant force in the lending industry.
Mufin Group MD Kapil Garg described the move as a strategic game-changer, “This acquisition is a pivotal step in our journey to scale and transform our business. By leveraging LKP Finance’s capital base alongside Mufin’s expertise in lending, we will drive financial inclusion, enhance liquidity, and introduce cutting-edge financial products. Our vision is to empower businesses and individuals with seamless access to credit, fuelling sustainable economic growth.”
The acquisition is not just about numbers; it’s about reach. LKP Finance brings with it a strong western India market presence, a deep-rooted financial legacy, and an established reputation. By absorbing LKP’s network and credibility, Mufin Group is gearing up to scale lending operations, expand financial services, and drive sustainable economic growth across key regions.
With this deal, Mufin Group’s capital base swells by Rs 370 crore, giving it a significant liquidity boost to fuel expansion. LKP Finance’s industry experience, paired with Mufin’s aggressive lending approach, creates a formidable financial powerhouse. The acquisition is set to accelerate Mufin’s mission of providing accessible, innovative, and tailored financial solutions to businesses and individuals alike.
Brands
RR Kabel expands FMEG portfolio with kitchen appliances and air coolers
Company forays into mixers, cooktops and hand blenders under RR Signature brand.
MUMBAI: RR Kabel has just cooked up something new and it’s not just another wire. The leading wires and cables manufacturer has announced a significant expansion of its Fast-Moving Electrical Goods (FMEG) portfolio by entering the kitchen appliances segment and strengthening its air coolers range under the premium RR Signature brand. The company has introduced Mixer Grinders, Electric Cooktops (both Induction and Infra-Red variants), and Hand Blenders. These products mark RR Kabel’s strategic foray into everyday kitchen essentials, allowing it to reach deeper into Indian households beyond traditional electrical categories.
The Induction and Infra-Red Cooktops are seeing particularly strong demand amid global developments affecting LPG pricing and supply. Consumers are increasingly shifting to electric cooking for its energy efficiency, precise control, and safety features. RR Signature is reinforcing its ‘Aapke Kaam Ki Baat’ promise with best-in-class warranties across the range.
The company also plans to introduce additional kitchen appliance categories in FY26-27. In parallel, it has expanded its Air Cooler portfolio with new Industrial (Semi-Commercial) models featuring higher tank capacities and superior air throw, catering to both commercial users and households seeking powerful cooling during intensifying summers.
RR Kabel executive director Mahhesh Kabra said, “Our expansion into kitchen appliances allows us to connect with consumers at more touchpoints in their daily lives, while our expanded air cooler range addresses the rising need for effective cooling solutions. These launches reflect our continued focus on quality, innovation, and market relevance.”
By stepping into kitchen appliances and enhancing its cooling solutions, RR Kabel is wiring itself more deeply into Indian homes proving that even a cables company knows how to heat things up in the kitchen and keep things cool elsewhere. The move positions the brand for broader growth as it evolves from wires to a more complete home solutions player.
