MAM
Silicon Valley techie Narayan Gangadhar joins Angel Broking as CEO
Mumbai: Fintech brokerage firm Angel Broking has roped in Silicon Valley veteran Narayan Gangadhar as its new CEO.
Narayan has more than two decades of global experience leading technology businesses at top-tier Silicon Valley companies, such as Google, Microsoft, Amazon, and Uber. He brings operating experience leading highly disruptive businesses by driving innovation in product, technology, capability building, and processes automation.
Gangadhar was head of technology at Uber in San Francisco where he led the company’s core infrastructure, machine learning, data platform, and data science teams of over 650+ employees across the globe. During his tenure, Uber scaled to over 400+ cities globally completing over 14 million trips daily. At Google, he led large product and engineering teams to launch the first set of the search giant’s cloud infrastructure services, such as Compute Engine, Cloud SQL, Container Engines. He also led large teams responsible for developing the overall application infrastructure which power productivity apps like Google Drive, Google Docs, etc.
Prior to Google, Gangadhar was the general manager and director at Amazon Web Services where he developed the Cloud Database business. He was most recently the founder & CEO of a robotics start-up in San Francisco that develops automated urban mobility solutions
“The Indian market is at an interesting juncture as more people make technology a part of their daily lifestyles,” said Gangadhar. “As a CEO, my entire focus will be on unlocking superior efficiency for all stakeholders. The overarching objective is to make the product more accessible in the mass market.”
Angel Broking CMD Dinesh Thakkar said, “Narayan is the right person to lead Angel Broking along its journey as a leader in this industry. He is a well-rounded engineer with great leadership qualities and will add significant value to our existing digital assets. Plus, he will help us realise our aspirations to become a preferred Fintech company in India. With Narayan leading the team, I am sure we will scale new heights in making international standard apps, offering world-class customer experience, and taking best-in-class AI/ML journeys for new and existing customers to understand investing and trading well.”
Brands
Nestlé India posts 14.9 per cent sales growth, profit rises in FY26
FMCG major sweetens returns with dividend as strong domestic demand leads
NEW DELHI: Nestlé India has reported a strong financial performance for the year ended 31 March 2026, with sales and profits rising steadily on the back of robust domestic demand.
The company posted total income of Rs 231,949.5 million for FY26, up from Rs 202,645.5 million in the previous year, marking a growth of 14.9 per cent. Domestic sales remained the key driver, increasing 14.6 per cent to Rs 221,187.0 million, while exports contributed Rs 9,527.6 million to the overall tally.
The final quarter of the financial year added extra momentum, with total sales rising 23.4 per cent compared to the same period last year. This helped lift the company’s annual profit to Rs 35,446.0 million, up from Rs 33,145.0 million in FY25.
Shareholders are set to benefit as the board has recommended a final dividend of Rs 5.00 per equity share. This comes on top of the interim dividend of Rs 7.00 per share paid in February 2026. The record date for the final dividend has been fixed as 10 July 2026, subject to shareholder approval at the 67th Annual General Meeting scheduled for 3 July 2026. If approved, the payout will begin from 30 July 2026.
During the year, the company’s paid-up equity share capital doubled to Rs 1,928.3 million following a 1:1 bonus share issue, strengthening its capital base. The results were also supported by a Rs 1,207.8 million credit from exceptional items, including a Rs 2,023.2 million writeback from resolved income tax litigation, partially offset by restructuring costs and expenses related to new labour codes.
On the cost front, material costs rose to 44.8 per cent of sales for the full year, compared to 43.6 per cent in the previous year, reflecting ongoing input cost pressures. Despite this, the company maintained solid profitability, with EBITDA coming in at Rs 53,060.6 million.
Overall, Nestlé India’s performance underscores its ability to balance growth and margins in a challenging environment. With steady demand, disciplined cost management and consistent shareholder returns, the company appears well placed to carry its momentum into the next financial year.
