Brands
VIP Clothing stitches a 177 per cent rise in Q2 net profit
MUMBAI: VIP Clothing Limited, the Mumbai-based apparel company, reported a solid financial performance for the quarter ended 30 September 2025. The company’s standalone net profit jumped to Rs 223.83 lakh, more than double the Rs 80.75 lakh recorded in the same period last year, while revenue from operations rose to Rs 6,606.76 lakh, up from Rs 5,923.07 lakh, reflecting a growth of 12 per cent.
Other income added a modest Rs 18.15 lakh, taking total income to Rs 6,624.91 lakh. Operating expenses increased to Rs 6,283.18 lakh, driven by higher material costs, employee benefits, and processing charges. Despite these, VIP Clothing maintained healthy margins, keeping the bottom line firmly in the black.
For the half-year ended 30 September 2025, net profit reached Rs 445.99 lakh, against Rs 104.23 lakh a year ago, supported by rising sales and tight cost control. Earnings per share stood at Rs 0.50 for the period.
On the balance sheet front, total assets were Rs 32,436.87 lakh, with inventories at Rs 8,224.87 lakh and trade receivables climbing to Rs 11,167.38 lakh. The company’s equity base remained strong at Rs 18,904.96 lakh.
The company’s cash flow from operations surged to Rs 1,769.49 lakh, offsetting investing and financing outflows, highlighting VIP Clothing’s ability to generate cash even in a challenging market.
With steady revenue growth, rising profits, and a robust financial position, VIP Clothing is tailoring a strong fabric for the rest of the year.
Brands
Rakesh Menon joins Paytm as avp – lending
Fintech product leader takes on new role after building digital lending, payments and credit products across fintech ecosystem
MUMBAI: Rakesh Menon has joined Paytm as assistant vice president – lending, taking on a new role focused on strengthening the company’s lending and credit products.
Prior to this, Menon worked at Profectus Capital Pvt Ltd as chief manager – payments based financing and digital lending.
At Profectus, he designed and launched digital credit products for merchants with variable cash flows, including overdraft-linked and revenue-share lending models. He led end-to-end LOS–LMS API integrations with payment partners and aggregators, enabling real-time underwriting, disbursal and repayment workflows.
He also worked on funnel optimisation initiatives using journey analytics, improving onboarding, KYC and disbursal conversion by 35 per cent. He developed ecosystem partnerships for transaction-data-based credit assessment and automated settlement systems, and collaborated with credit and data science teams to strengthen risk models and early delinquency detection.
Menon standardised partner onboarding and API frameworks, reducing go-live timelines by 40 per cent and improving digital scalability.
Before Profectus Capital, he worked at PayU as senior manager – presales lead – enterprise business from August 2022 to August 2023. He set up a national presales function for fintech and digital commerce clients, aligning solutions such as EMI, BNPL, BBPS and offer engines to merchant requirements.
He also helped improve conversion rates by around 15 per cent through merchant persona mapping, demo frameworks and structured sales playbooks, working closely with product and go-to-market teams.
From April 2019 to July 2022, Menon served as business unit head – SMB – direct acquisitions at Worldline, where he built the SMB online payments vertical from scratch. The business scaled to Rs 2,500 crore in annual transaction volume, growing at 45 per cent year-on-year.
During this period, he introduced paperless onboarding processes including eKYC and eSign, developed partner dashboards and CRM automation systems, and integrated platforms such as Shopify, WooCommerce and Tally to expand merchant adoption.
Across roles, Menon has worked across digital lending, payments and merchant financing, with experience in product development, ecosystem partnerships, API integrations and fintech-led growth strategies.
At Paytm, he will focus on scaling lending products and strengthening digital credit infrastructure within the company’s financial services ecosystem.
His appointment comes as fintech firms continue to expand their lending and embedded finance offerings in a competitive market.
