Brands
Weekend Unwind with Dorby’s Mehul Agarwal
Mumbai: With another weekend upon us, it is time to unwind with the latest Q&A edition of Indiantelevision.com’s Weekend Unwind – a series of informal chats that peek into the minds of business executives through a fun lens in an attempt to get to know the person behind the title a little better.
In this week’s session, we have Dorby director and CEO Mehul Agarwal. With a Bachelor of Management Studies and nearly a decade of experience in the building materials industry, he co-founded Dorby in 2017, aiming to revolutionize interior design. Under his leadership, Dorby has become one of the market leader’s in laminate manufacturing and home décor products, focusing on quality and innovation. Mehul envisions elevating Dorby as a top lifestyle brand, transforming spaces into artistic expressions. Outside of work, he enjoys traveling and exploring new business perspectives.
Without further ado, here it goes…
Your mantra for life
I firmly believe that success is a lifelong journey, not a destination. In a world of constant evolution, a growth mindset is essential. At the same time, it’s important to always remain a lifelong learner. Even in the surface décor industry, I’m constantly discovering new things. Every experience, every challenge, and every success offer valuable lessons. Staying curious and open to new perspectives helps me continually adapt and grow, both personally and professionally.
A book you are currently reading or plan to read
I am engrossed in ‘The Power of the Subconscious Mind’ and ‘The Catalyst’. These books have been incredibly illuminating. They’ve shown me the profound impact our thoughts and environment have on our choices and outcomes. It is fascinating to discover how subtle shifts in perspective or surroundings can catalyse significant transformations. The insights have also been invaluable in shaping my leadership philosophy, particularly in the interior décor segment, where the right design choices can evoke emotions and set the tone for a space, ultimately influencing how people feel and interact within it.
Your fitness mantra
My fitness mantra is simple: build a stronger mind and body. It is essential to cultivate mental resilience along with better physical strength. Consistency, discipline, and willpower are my guiding principles. I believe a healthy body is the foundation for a sharp mind and ultimately a fulfilling life.
Your comfort food
Sushi and Thai curry with rice are my go-to comfort foods. The combination of flavours is incredibly soothing and satisfying. When faced with a demanding schedule or stressful situations, indulging in a favourite meal helps me recharge and find balance.
A quote or philosophy that keeps you going when the chips are down
“I wish that I could show you when you are lonely or in darkness the astonishing light of your own being.”
This tiny poem, written by the 14th century Persian Sufi poet Hafiz is a constant source of inspiration for me. They remind me that even in the darkest moments, there’s an inner strength and resilience waiting to be discovered. It’s a powerful reminder to look inward for solace and find beauty amidst adversity.
Your guilty pleasure
I have a sweet tooth, so desserts definitely qualify as my guilty pleasure.
The last time you tried something new
I recently taught myself to make sushi and some other Asian dishes. It was a challenging but immensely rewarding experience. Experimenting with new flavours and techniques is a great way to step outside of my comfort zone and savour my hard work later.
A life lesson you learned the hard way
Life has taught me the importance of preparedness. Nothing is guaranteed, so I’ve learned to cultivate resilience and adaptability. Having a Plan B and a strong support network are essential. While optimism is crucial, it’s equally important to be prepared for unexpected challenges.
What gets you excited about life?
Bringing innovative ideas to life, especially in business, really excites me. The journey from a raw idea to a tangible product or service that makes a difference is incredibly exhilarating. Witnessing growth and expansion is what fuels my passion.
What’s on top of your bucket list?
Visiting Antarctica is at the top of my list. It is the wildest, coldest, and most remote continent on Earth—a place where nature is still truly untamed. Experiencing that kind of raw beauty is something I’ve always dreamed of.
If you could give one piece of advice to your younger self, what would it be?
Persistence is key. Don’t be discouraged by setbacks. Every challenge is an opportunity for growth. Trust in the journey, even when the path seems uncertain. Remember, life often leads us to places we never imagined, but that are ultimately where we’re meant to be.
One thing you would most like to change about the world
I would love to see a world where empathy, compassion, and respect are universal. A world where diversity is celebrated, and everyone feels like they belong. It is a vision that inspires me, and I believe it’s attainable through collective effort and conscious change.
An activity that keeps you motivated and charged during tough times
When faced with challenges, I find breaking down overwhelming tasks into smaller, manageable steps to be incredibly effective. Taking that first small step, no matter how insignificant it may seem, is crucial in overcoming procrastination. It’s a strategy that helps me maintain momentum and stay focused on my goals, even during the most difficult times.
What lifts your spirits when life gets you down?
Spending time with my loved ones— friends, family, and my dog, Euro. They always know how to lift my spirits and remind me of what really matters. They inspire me to face challenges with renewed optimism.
Your go-to stress buster
Enjoying the breath-taking sunset over Marine Drive from my lounge is my ultimate stress reliever. The serenity and beauty of that moment create a perfect sanctuary, allowing me to unwind and recharge, no matter how demanding my day has been.
Brands
Jio Financial Services posts Rs 1,560 crore FY26 profit
Revenue rises to Rs 3,513 crore as investments and lending scale up.
MUMBAI: If money makes the world go round, Jio Financial Services Limited is quietly spinning a much bigger wheel. The Reliance-backed financial arm reported a consolidated net profit of Rs 1,560.9 crore for FY26, slightly lower than Rs 1,612.6 crore in FY25, even as revenue growth gathered pace.
Total revenue from operations rose sharply to Rs 3,513.3 crore in FY26 from Rs 2,042.9 crore a year earlier, driven largely by a surge in interest income, which more than doubled to Rs 1,901.9 crore from Rs 852.5 crore. Fee and commission income also saw a significant jump to Rs 597 crore, compared to Rs 155.2 crore in FY25, reflecting expanding financial services activity.
For the March quarter, profit stood at Rs 272.2 crore, broadly flat compared to Rs 269 crore in the same period last year. Quarterly revenue from operations climbed to Rs 1,018.5 crore, up from Rs 493.2 crore year-on-year, signalling steady momentum in core income streams.
Expenses, however, moved in tandem with growth. Total costs nearly quadrupled to Rs 1,982.9 crore in FY26 from Rs 524.8 crore in FY25, with finance costs alone rising to Rs 745.1 crore from just Rs 7.7 crore a year earlier, reflecting increased borrowing and scale of operations. Employee expenses also grew to Rs 387.3 crore, while other expenses expanded to Rs 755 crore.
Profit before tax stood at Rs 1,911.7 crore for the year, slightly below Rs 1,946.9 crore in FY25. After accounting for a total tax outgo of Rs 350.8 crore, the company reported its final net profit figure.
Beyond the income statement, the balance sheet tells a story of rapid expansion. Total assets surged to Rs 1,63,497 crore as of March 31, 2026, up from Rs 1,33,510 crore a year earlier. Investments alone stood at Rs 1,33,088.7 crore, underscoring the company’s strong focus on treasury and financial asset growth.
However, the year also saw sharp volatility in other comprehensive income, which swung to a loss of Rs 16,028.3 crore, largely driven by fair value changes in equity instruments. This dragged total comprehensive income for FY26 to a negative Rs 15,756.1 crore, compared to a positive Rs 14,870 crore in FY25.
On the capital front, the company’s paid-up equity share capital remained steady at Rs 6,353.1 crore, with other equity rising to Rs 1,27,500.5 crore.
The numbers reflect a business in transition scaling rapidly across lending, investments and fee-based services, but also navigating the volatility that comes with mark-to-market movements in financial assets. In other words, while the top line is accelerating, the fine print still carries a few swings.
