Brands
Mukta Arts posts strong revenue and profit rise
MUMBAI: Mukta Arts Limited, the film production house helmed by veteran director Subhash Ghai, turned in a performance worthy of a standing ovation for the quarter ended 30 September 2025. The company’s standalone net profit soared to Rs 1.74 crore, more than double last year’s Rs 76.7 lakh, while revenue from operations rose 46 per cent year-on-year to Rs 4.85 crore.
Other income also gave the script a happy twist, contributing Rs 7.97 crore and taking total revenue to Rs 12.02 crore against Rs 10.34 crore in the same period last year.
Expenses rose modestly to Rs 10.22 crore from Rs 8.83 crore, largely due to higher employee costs and depreciation. Yet the bottom line stayed in the black, helped by better cost control and improved returns from its film, distribution and education segments.
On a consolidated basis, however, the group posted a loss of Rs 3.56 crore, weighed down by weaker performance at its subsidiaries including Whistling Woods International and Mukta A2 Cinemas.
The auditors flagged the long-running land lease dispute concerning Whistling Woods International, noting that the matter remains sub judice before the Bombay High Court, and said its outcome could affect valuations.
Despite these ongoing plotlines, Mukta’s financial direction seems to have regained its narrative focus. With the lights back on in cinemas and fresh productions on the floor, the studio appears ready for its next act.
Brands
FSS names Anand Krishnamurthi head of global digital delivery
Tech veteran to drive AI-first, cloud-led transformation in payments globally
CHENNAI: Financial Software and Systems (FSS), an AI-first payment infrastructure company, has appointed Anand Krishnamurthi as head of global digital delivery.
In his new role, Anand Krishnamurthi will lead FSS’s global digital delivery capabilities, focusing on AI-first and cloud-led transformation while ensuring predictable, high-quality outcomes for customers worldwide. He will be based in Chennai and report to V. Balasubramanian, CEO of FSS.
Bringing 28 years of experience in technology and digital transformation across banking, capital markets, financial services, and insurance, Anand has held senior leadership positions at Cognizant and NuSummit. He is recognised for scaling multi-geography delivery teams, leading mission-critical platforms, and embedding AI-driven automation in complex, regulated environments.
“What drew me to FSS is its deep payments expertise, strong product DNA, and the scale at which its platforms power real-world financial ecosystems,” said Anand Krishnamurthi. “I aim to strengthen delivery predictability, execution rigor, and engineering quality, building empowered teams that deliver measurable customer outcomes. FSS has a unique opportunity to create real-time, AI-infused payments infrastructure that is resilient, secure, and globally scalable.”
V. Balasubramanian added, “Anand’s track record in leading multi-geography delivery programs and AI-first operating models makes him the ideal leader for FSS as we accelerate our AI-driven digital payments business. His leadership will help us raise the bar for outcomes globally.”
This appointment is part of FSS’s broader push to build an AI-powered, cloud-native delivery organisation capable of meeting the evolving needs of banks, fintechs, and financial institutions worldwide.
