MAM
Transbnk taps Amar Bhartia to drive global product vision
MUMBAI: Transbnk is cashing in on global experience to turbocharge its product game. The next-gen transaction banking platform has appointed Amar Bhartia as global product head, marking a strategic move as it gears up for international expansion.
A Deutsche Bank veteran, Amar brings over a decade of expertise in cash management, treasury solutions and fintech partnerships. At Deutsche Bank, he played a key role in rolling out Payment Acceptance across the APAC region, working with regulators, payment aggregators and fintech innovators.
“I’m excited to join Transbnk at such an exciting phase in its journey,” said the newly minted global product head Amar Bhartia. “The intersection of banking, fintech and digital infrastructure offers a rare chance to reimagine how institutions transact globally. I look forward to shaping world-class products and delivering real value for clients.”
Co-founder and CEO Vaibhav Tambe, welcomed the appointment, calling it a timely boost for Transbnk’s global ambitions. “Amar’s proven ability to scale banking-grade platforms will be vital as we expand our reach. With our recent Series B raise and Amar’s leadership, we’re powering ahead towards building a unified transaction-banking operating system for banks and enterprises,” he said.
The appointment follows Transbnk’s successful 25 million dollars Series B funding round led by Bessemer Venture Partners. The fresh capital will help strengthen its tech and product teams while driving expansion into Southeast Asia and the Middle East.
With Amar at the helm of product strategy, Transbnk seems ready to turn its global growth plans into a blockbuster sequel, one transaction at a time.
Brands
Sapphire Foods FY26 revenue rises to Rs 3,125 crore, posts loss
Q4 revenue at Rs 792 crore, FY26 loss at Rs 32 crore amid cost pressures.
MUMBAI: If growth is on the menu, profitability seems to have taken a brief detour. Sapphire Foods India reported a steady rise in topline for FY26, even as rising costs weighed on profitability. Revenue from operations grew to Rs 3,125 crore for the year ended March 31, 2026, up from Rs 2,882 crore in FY25. However, the company swung to a loss, reporting a net loss of Rs 32 crore for FY26, compared to a profit of Rs 17 crore in the previous year. Total income for the year stood at Rs 3,153 crore, while total expenses climbed to Rs 3,167 crore, reflecting pressure across key cost heads.
In the March quarter, revenue came in at Rs 792 crore, compared to Rs 711 crore in the same period last year. The company reported a quarterly net loss of Rs 13 crore, against a profit of Rs 2 crore a year earlier.
Cost pressures remained visible across operations. Material costs rose to Rs 995 crore for FY26, while employee expenses increased to Rs 428 crore. Other expenses, the largest component, stood at Rs 1,229 crore, underscoring the impact of store operations and expansion-related spends.
Depreciation and amortisation expenses also climbed to Rs 392 crore for the year, reflecting continued investments in store infrastructure and growth.
At the operating level, the company reported a loss before tax of Rs 37 crore for FY26, compared to a profit of Rs 23 crore in FY25. Exceptional items added Rs 24 crore to the cost burden during the year.
On the balance sheet, total assets rose to Rs 3,256 crore as of March 31, 2026, up from Rs 3,041 crore a year earlier, indicating ongoing expansion. Net worth stood at Rs 1,389 crore.
Despite profitability pressures, operating cash flow remained resilient at Rs 507 crore, highlighting underlying business strength and demand stability.
The numbers paint a familiar picture in the quick-service restaurant space, growth continues to be served hot, but margins are still finding their footing.
