MAM
Uber shifts gears with Rituraj Chaturmohta in the driver’s seat
MUMBAI: Uber for Business is cruising into a new chapter, and it’s Rituraj Chaturmohta taking the wheel. The enterprise arm of Uber has appointed him as senior country manager for India and South Asia, a move aimed at fuelling its next phase of growth across the region’s bustling corporate mobility landscape.
From boardrooms to backseats, Rituraj’s mission is clear: strengthen partnerships, build smarter enterprise travel solutions, and keep innovation firmly in the fast lane. With over a decade of experience across two-sided marketplaces and platform businesses, he’s no stranger to navigating complex ecosystems.
Before joining Uber, Rituraj led sales and business development at Airbnb, where he managed teams across supply and demand balancing the platform’s dynamic growth on both ends. A former entrepreneur in India’s hyper-local delivery space, he brings a sharp understanding of what drives both businesses and consumers in one of the world’s most competitive markets.
Welcoming him aboard, Uber regional general manager and of Uber for Business head for APAC Eric Lee, said, “We are delighted to have Rituraj join our leadership team to drive Uber for Business’ growth and partnerships in India and South Asia. His experience in scaling platform businesses and understanding the Indian market will be instrumental in strengthening our enterprise offering.”
Excited about the road ahead, Rituraj said, “I am thrilled to join Uber for Business to lead India and South Asia, one of Uber’s most dynamic growth markets. Uber for Business is reimagining how businesses move with scale, sustainability, and customer centricity at the core. My focus is to deepen Uber’s relationships with business clients, build tailored mobility solutions that drive measurable ROI, and make Uber for Business a growth partner for every company in this region.”
Globally, Uber for Business powers mobility for over 200,000 organisations, helping them manage employee travel, meals, and commute programmes through Uber’s trusted platform. In India alone, more than 8,000 organisations are already on board, using its solutions for business travel, daily commutes, and employee shift transport.
With Rituraj in the driver’s seat, Uber for Business seems ready to chart new routes merging convenience, technology, and enterprise efficiency into one smooth ride.
Brands
Ceat FY26 profit rises 68.6 per cent to Rs 812.7 crore
Q4 PAT up 182.5 per cent; revenue grows 15.5 per cent to Rs 15,214.9 crore
MUMBAI: Tyres are rolling faster and so are Ceat’s numbers. Ceat Limited reported a strong performance for FY26, with profit after tax surging 68.6 per cent year-on-year to Rs 812.7 crore, driven by steady revenue growth and improved operating efficiency. For the full year, revenue from operations rose 15.5 per cent to Rs 15,214.9 crore, compared to Rs 13,171.7 crore in FY25. Total income stood at Rs 15,346.4 crore, reflecting both core growth and higher other income.
The March quarter delivered an even sharper uptick. Q4 FY26 revenue grew 18.2 per cent year-on-year to Rs 4,035.9 crore, while profit after tax jumped to Rs 283.6 crore up from Rs 100.4 crore in the same period last year, marking a 182.5 per cent increase.
Operating performance remained firm, with EBITDA margins improving to 14.55 per cent in Q4 from 11.56 per cent a year ago. Net profit margin for the quarter stood at 7.03 per cent, more than doubling from 2.94 per cent in Q4 FY25.
Cost pressures remained visible but manageable. Material costs for the year rose to Rs 9,197.1 crore, while finance costs increased to Rs 359.5 crore, reflecting higher borrowings. However, stronger topline growth and operational efficiencies helped offset these pressures.
On the balance sheet front, net worth expanded to Rs 5,067.0 crore as of March 31, 2026, up from Rs 4,285.8 crore a year earlier. The debt-to-equity ratio stood at 0.59, compared to 0.45 in FY25, indicating a moderate rise in leverage amid expansion and funding activity.
Cash flow from operations remained robust at Rs 1,839.9 crore for FY26, supporting capital expenditure of over Rs 1,076.0 crore towards capacity and asset investments. The company also deployed capital across investments and mutual funds during the year.
In terms of financing, Ceat raised Rs 250 crore through unsecured non-convertible debentures during the year, while Rs 400 crore of such instruments remain outstanding. Additionally, commercial papers worth Rs 500 crore were outstanding but not due for repayment as of March-end.
The numbers suggest a company gaining traction across both growth and profitability metrics, where steady demand, improved margins and disciplined capital allocation are helping CEAT keep its performance firmly on track.
