MAM
Ricoh, Aircel Chennai Open to strengthen their partnership
MUMBAI: The organisers of the Aircel Chennai Open have announced that the tournament had extended its association with Ricoh as an Official Sponsor. The company is a trusted technology leader specialising in the office and production printing markets.
The 18th edition of India’s only and South Asia’s leading ATP World Tour event will be held from 31 December to 6 January and will see an exciting line-up of Indian and International players including four top 20 players in action.
Ricoh is associated with leading global tennis events that include the coveted Barclays ATP World Tour Finals and their continued association with India’s and South Asia’s only ATP World Tour tennis event is testimony to the significance and stature of the tournament.
In its capacity as an official sponsor, Ricoh will continue to offer critical state-of-the-art printing and copying services and aid in the smooth conduct of Aircel Chennai Open 2013.
Ricoh Asia Pacific MD Nobuaki Majima stated, “Aircel Chennai Open is among the most popular tournaments of its kind in this part of the continent. Each year, the event has grown in significance and popularity and has gone on to achieve greater heights. The partnership has been mutually beneficial and very rewarding. It’s an honour to play a part in facilitating such a significant event by offering carbon-friendly document management solutions to ATP. Being associated with a tournament of such high stature complements our effort to extensively promote high quality yet environmental-friendly business solutions to every business. We look forward to strengthening this association in the seasons to come.”
IMG Reliance COO Ashu Jindal said, said, “Aircel Chennai Open has been privileged to garner support from leading global brands like Ricoh. Chennai has become the definitive ATP World Tour destination in South Asia and as we grow from strength to strength each year, we acknowledge and express our gratitude to partners such as Ricoh for their long standing support to us and to the sport.”
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.
