MAM
Mumbai City announces UpUrFit as the official pain relief & recovery partner
Mumbai: Mumbai City has announced its multi-year partnership with UpUrFit as the official pain relief & recovery partner starting from the 2024-25 season. This partnership reflects their commitment to providing the best care and recovery solutions for their players.
UpUrFit is a renowned name in the sports and fitness industry, specialising in a range of products designed to enhance athletic performance and recovery like advanced pain relief gels, muscle recovery sprays, and comprehensive sports hygiene products formulated for on-the-go use. Their innovative solutions are tailored to meet the needs of athletes at all levels, offering effective pain relief and promoting faster recovery times.
As part of this partnership, UpUrFit’s cutting-edge products will be integrated into the training and recovery routines of our players. Additionally, UpUrFit will offer expert guidance and support to the medical and coaching staff, ensuring that their team benefits from the latest advancements in sports recovery technology.
Mumbai City CEO Kandarp Chandra said, “We are thrilled to welcome UpUrFit as our official pain relief & recovery partner for the 2024-25 season. UpUrFit’s dedication to athletic performance through effective recovery solutions makes them an ideal partner for a club like Mumbai City FC. We believe their products will enable our players to perform at their peak through the season. We look forward to a successful season with UpUrFit by our side, helping us minimize recovery time and maximize performance.”
UpUrFit co-founder Vikram Gunjal said, “The objective behind my co-founder Munish Vig and myself in introducing UpUrFit range of products for sports and fitness enthusiasts is to disrupt the sports topical category.
Mumbai City FC is the epitome of excellence in the sporting and fitness arena. We at UpUrFit are excited to work with their talented squad and management and to offer our products and services to them for their optimum performance. UpUrFit couldn’t have found a better partner that signifies peak performance and the drive to be number one everyday!”
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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.
