Atotech headquartered in Berlin, Germany, inaugurated the Atotech Development Center (ADC) in Manesar, India. Though the facility was fully operational since late 2020, the pandemic delayed the official inauguration of the Center. CEO Geoff Wild said, "The opening of the ADC is an important milestone for our company. It now...
Matrix Partners Invest in India's Dairy Startup Country Delight
Palo Alto, CA-based Matrix Partners' subsidiary Matrix Partners India led an investment of $10 million in Guragaon-based dairy startup Country Delight. Matrix’s previous investment in the dairy space was on milk and grocery delivery startup DailyNinja. "We have been tracking Country Delight for more than a year now and have...
Fatburger Continues India Expansion
In February 2019, Beverly Hills, CA-based FAT Brands announced plans to continue its expansion into the Indian fast-food market. Recognizing continued growth in India, the company plans to co-brand two of its American cuisine giants, Fatburger and Buffalo’s Express, and build sixty more restaurants throughout India over the next ten...
IT Centers of Global Retailers Clock Robust Growth in India for 2018
Captive technology centers of global retailers in India such as Target, Rakuten, Lowe's and JC Penney, grew in the double-digit range in FY18, as retailers continued to move work in-house to their own offshore centers. JC Penney Services India FY18 revenue grew 154% to $27 million, according to regulatory filings...
Anderson Global Expands Operations in India
San Francisco, CA-based tax firm Andersen Global announced its fifth office in India as Nangia Advisors LLP, a collaborating firm of Andersen Global, located in Gurgaon, India. Mark Vorsatz, Andersen Global chairman and Andersen Tax LLC CEO said, "Nangia Advisors’ expansion is part of a broader strategy to increase our...
Zara India Reports 70 Percent Rise in Profits
Driven by strong sales and lower price points, fashion retailer Zara's net profit went up more than 70 percent in India in 2017. Spain-based Inditex has two joint ventures with India's Tata Group’s retail arm Trent: one for Zara and the other for luxury label Massimo Dutti. The joint venture...