Adani Enterprises

Overall, the country is the third largest startup ecosystem globally with nearly 1 lakh startups, behind the US and China.

The funding includes $50 million in debt from Encina Lender Finance and $12 million in equity led by Alpha Wave, Hummingbird, and PeakXV. 

India’s fintech industry offers a $400 billion value creation opportunity by 2030, according to the report by Elevation Capital, a leading early-stage venture capital firm.

Adani New Industries Limited (ANIL), a wholly owned subsidiary of Adani Enterprises Ltd, is building an ecosystem of one of the largest integrated green hydrogen businesses, including solar modules and wind turbine manufacturing.

Temenos Exchange brings innovation to market faster, and at scale. The ecosystem offers pre-integrated and approved fintech solutions that can be easily deployed on top of Temenos open platform for composable banking, enabling banks to accelerate the creation of new financial services, while reducing the costs of development.

The company said it will use the funds to drive its growth as it looks to build on its profitable yearly numbers in FY23 and drive its core business growth by enabling financing for a much higher number of MSMEs across the country. Lendingkart will continue to invest in its tech capabilities which bolster its lending platform which in turn will further partnerships with marquee banks and NBFCs of India. 

The notice said: “In our listed portfolio, six of our companies - Ambuja, ACC, AWL, NDTV, APL and ATGL are purely domestic issuers and listed on the Indian exchanges. “Four of our portfolio companies - AGEL, ATL, APSEZ and AEL issue global capital market papers with only APSEZ being a corporate issuer.  AGEL has one instrument issued on corporate basis.  All of the other issues are restricted group issuances.

The compendium states how the portfolio of the companies are emerging as the leaders by setting higher standards in ESG across all its businesses. Adani portfolio of companies are committed to sustainable growth, capitalising on unprecedented opportunities. This growth is being shaped and influenced by the highest standards of responsibility across various aspects of its operations.

The group, which has interests ranging from ports to airports, from electricity generation to transmission and distribution, from edible oil to FMCG products, logistics, cement and roads, recorded its highest ever EBITDA at the group portfolio level (all group companies combined) of Rs 57,219 crore, achieving a 36 per cent growth over.

The company said it aims to offer a comprehensive suite of solutions for RuPay Credit on UPI in partnership with NPCI to popularize its usage among the customers and merchants alike. The company has already enabled the acceptance of RuPay credit cards on UPI across 12 million merchant outlets in the country, achieving the highest merchant penetration in the ecosystem.