MAM
ONO appoints Anurag Sinha as CBO to lead its next agri-charge across India’s mandi networks
MUMBAI: The mandi may be a centuries-old system, but ONO is betting on a modern formula: data, tech and now, a seasoned operator with two decades in the trenches. On June 24, 2025, Bengaluru-based agri-tech startup ONO appointed Anurag Sinha as its chief business officer (CBO) to lead its expansion across India’s vast and varied mandi ecosystem.
Sinha, whose career spans leadership roles in firms like ITC and BigHaat, brings hands-on experience in agri-finance, tech and supply chains. From early-stage ventures to scale-stage challenges, he has consistently shaped agri-businesses into impact-led enterprises—a skill ONO is counting on as it doubles down on market linkages, credit access and logistics for India’s smallholders and agri-entrepreneurs.
“Agriculture continues to be one of the most crucial yet underserved sectors when it comes to tech-enabled efficiency and data-driven decision making. I am excited to join ONO’s mission to reimagine agricultural supply chains through data, innovation, and ecosystem collaboration. I look forward to working with this dynamic team and driving meaningful change in the agriculture landscape”, Sinha said.
As CBO, he will anchor ONO’s go-to-market operations, grow partnerships, and build new channels to enhance the platform’s core offering: mandi digitisation. ONO currently provides services such as formal credit access, price intelligence, logistics, and market linkages, backed by investor Aeravti Ventures.
“Anurag’s proven experience in business building and execution will accelerate our vision and help us bring more stakeholders into the fold. We are happy to have him on board”, said ONO founder & CEO Rama Rao Kancharapu.
Founded to modernise the traditional mandi model with data and transparency, ONO is emerging as a crucial enabler in India’s agri-value chain—bridging age-old practices with next-gen technology. Sinha’s entry signals a sharper focus on execution, market depth and ecosystem-building as ONO eyes national scale.
If India’s farm-to-market puzzle needs solving, ONO seems ready with the algorithm—and Anurag Sinha may just be the codebreaker.
Brands
Nestlé India posts Rs 45,641 crore profit before tax in FY26
Strong cash flow of Rs 50,475 crore offsets higher costs, payouts.
MUMBAI: If there’s one thing brewing stronger than coffee this year, it’s Nestlé India’s balance sheet. The FMCG major closed FY26 with a solid financial performance, serving up steady growth even as costs and cash outflows kept the pressure simmering. For the year ended March 31, 2026, the company reported a profit before tax of Rs 45,641 crore, up from Rs 43,161 crore in the previous year. The numbers reflect resilience in core operations, supported by a strong consumption backbone across domestic and export markets.
Cash, meanwhile, was anything but idle. Nestlé India generated Rs 50,475 crore in net cash from operating activities, a sharp jump from Rs 29,345 crore last year highlighting robust underlying demand and improved working capital efficiency. Inventory reductions alone contributed Rs 2,809 crore, while trade payables rose by Rs 5,878 crore, adding further liquidity support.
But it wasn’t all smooth sailing. On the investing side, the company deployed Rs 8,297 crore towards property, plant and equipment, even as overall investing cash outflow stood at Rs 6,236 crore. Financing activities saw a significant drain, with Rs 31,794 crore flowing out driven largely by dividend payouts of Rs 23,139 crore and repayment of short-term borrowings.
The balance sheet tells a story of expansion with caution. Total assets rose to Rs 1,31,824 crore from Rs 1,21,933 crore, while equity climbed to Rs 51,569 crore, reflecting improved reserves and retained earnings. Cash and cash equivalents surged to Rs 13,205 crore, a sharp rise from Rs 761 crore a year ago, underscoring stronger liquidity despite heavy outflows.
Operationally, depreciation and amortisation expenses increased to Rs 6,992 crore, while finance costs and provisions continued to shape the cost structure. At the same time, working capital movements especially in inventories and receivables played a key role in boosting cash generation.
The broader takeaway? Nestlé India’s FY26 performance is less about headline growth and more about financial muscle. With strong cash flows cushioning rising investments and payouts, the company appears to be balancing expansion with discipline keeping its books as carefully measured as its recipes.
