Latest news with #NitinMittal
Business Standard
10 hours ago
- Business
- Business Standard
Knest Onboards Lighthouse Funds as a Strategic Partner, Secures a landmark ₹300 Crore Backing
PRNewswire Pune (Maharashtra) [India], June 20: In a move that underscores the rising global confidence in India's construction technology sector, Knest Manufacturers Pvt. Ltd., one of the world's leading construction technology companies, has raised ₹300 crore from Lighthouse Funds. The strategic infusion marks a significant milestone in Knest's journey to redefine how India and the world build. With the investment, Knest plans to double down on its R & D efforts, expand production capabilities and accelerate vertical integration. Knest has been bringing both Make In India and Made In India to the forefront; this investment is set to further that. Nitin Mittal, Chairman & Managing Director, Knest, remarked, "We are building far more than formwork--we are building the future of Indian construction of high-rises, sprawling skylines & sustainable urban ecosystems. In Lighthouse, we gain not just capital but a like-minded partner who shares our vision for innovation, operational excellence, and sustainability. It's an honour to lead the sector, a responsibility we embrace with humility and unwavering commitment." Knest's flagship aluminium formwork systems are custom-designed to enable faster, more cost-optimised construction cycles--up to 3x quicker than traditional methods--while improving finish quality, reducing labour intensity and lowering environmental impact. Complementing this is Knest's patented hydraulic safety screen, a cutting-edge vertical safety solution that is gaining rapid traction among high-rise developers. Looking ahead, the company plans to diversify into adjacent formwork and construction technologies, all while staying rooted in sustainable practices. Sachin Bhartiya, Co-founder and Partner at Lighthouse Funds, said: "Knest exemplifies the kind of future-forward, mission-led company we love to back. They're fundamentally transforming how buildings go up. With a sharp focus on sustainability, safety, and speed, Knest is poised to lead the next wave of construction innovation in India." The Systematix Group acted as the exclusive advisor on this transaction. About Knest Founded in 2015, Knest has steadily emerged as the flagbearer of next-generation building systems, including aluminium formwork technology and hydraulic safety screens. With patented technologies, an expanding international footprint of 8+ countries, and an unrelenting focus on quality, the company is transforming the landscape of high-rise development. Headquartered in Pune, the company operates three state-of-the-art manufacturing facilities across Maharashtra and Gujarat. This production infra has an expanse of 10,00,000+ Sq. Ft. and an annual capacity of 2,00,000+ Sq. Mt. aluminium formwork, and an expanding line of construction safety solutions.
Malaysian Reserve
11 hours ago
- Business
- Malaysian Reserve
Knest Onboards Lighthouse Funds as a Strategic Partner, Secures a landmark ₹300 Crore Backing
PUNE, India, June 20, 2025 /PRNewswire/ — In a move that underscores the rising global confidence in India's construction technology sector, Knest Manufacturers Pvt. Ltd., one of the world's leading construction technology companies, has raised ₹300 crore from Lighthouse Funds. The strategic infusion marks a significant milestone in Knest's journey to redefine how India and the world build. With the investment, Knest plans to double down on its R&D efforts, expand production capabilities and accelerate vertical integration. Knest has been bringing both Make In India and Made In India to the forefront; this investment is set to further that. Nitin Mittal, Chairman & Managing Director, Knest, remarked, 'We are building far more than formwork—we are building the future of Indian construction of high-rises, sprawling skylines & sustainable urban ecosystems. In Lighthouse, we gain not just capital but a like-minded partner who shares our vision for innovation, operational excellence, and sustainability. It's an honour to lead the sector, a responsibility we embrace with humility and unwavering commitment.' Knest's flagship aluminium formwork systems are custom-designed to enable faster, more cost-optimised construction cycles—up to 3x quicker than traditional methods—while improving finish quality, reducing labour intensity and lowering environmental impact. Complementing this is Knest's patented hydraulic safety screen, a cutting-edge vertical safety solution that is gaining rapid traction among high-rise developers. Looking ahead, the company plans to diversify into adjacent formwork and construction technologies, all while staying rooted in sustainable practices. Sachin Bhartiya, Co-founder and Partner at Lighthouse Funds, said: 'Knest exemplifies the kind of future-forward, mission-led company we love to back. They're fundamentally transforming how buildings go up. With a sharp focus on sustainability, safety, and speed, Knest is poised to lead the next wave of construction innovation in India.' The Systematix Group acted as the exclusive advisor on this transaction. About Knest Founded in 2015, Knest has steadily emerged as the flagbearer of next-generation building systems, including aluminium formwork technology and hydraulic safety screens. With patented technologies, an expanding international footprint of 8+ countries, and an unrelenting focus on quality, the company is transforming the landscape of high-rise development. Headquartered in Pune, the company operates three state-of-the-art manufacturing facilities across Maharashtra and Gujarat. This production infra has an expanse of 10,00,000+ Sq. Ft. and an annual capacity of 2,00,000+ Sq. Mt. aluminium formwork, and an expanding line of construction safety solutions. Logo –
Time of India
24-04-2025
- Business
- Time of India
Microsoft announces new leadership roles in India and South Asia
Microsoft has announced new leadership roles and promotions in India and South Asia. Nitin Mittal has been appointed as the Industry Leader for Digital Natives in the region. Himani Agrawal has been promoted to Chief Operating Officer (COO) for Microsoft India and South Asia . Aparna Kondaboina will now lead Human Resources for Microsoft Customers and Partner Solutions (MCAPS) in the same region. Commenting on the announcements, Puneet Chandok, President, Microsoft India & South Asia, said, 'Each of these leaders will strengthen our leadership bench with their deep functional depth and business acumen to our organization. Nitin's extensive experience in building digital platforms will be invaluable as we continue to innovate and expand our digital native initiatives. I am also particularly proud of our seasoned women leaders taking up the strategic roles to deliver exceptional value to our customers and partners. I welcome Nitin, Himani and Aparna in their new roles and look forward to working with them in being bold and being right as we take the benefits of Microsoft's AI to every sector, organization, and user across India.' Nitin Mittal is a seasoned technology leader with more than 24 years of experience. He has held leadership roles at Zee Entertainment, National Payments Corporation of India (NPCI), Unique Identification Authority of India (UIDAI), and was the founder of SOLV, a B2B platform for SMEs. Himani Agrawal, taking on as the Chief Operating Officer of Microsoft India and South Asia, will be responsible for driving revenue growth by aligning business goals across the organization, focusing on strategic innovation, business simplification and overall operations for the company in the region. With over 25 years of experience, Himani has held various leadership roles in the organization – the most recent one being Chief Partner Officer in the country where she strengthened Microsoft's 20,000+ partner network across 850 Indian cities to scale AI and cloud adoption across industries. Prior to this, she held key roles like Chief of Staff, Country Head for Azure and Business Applications building high-impact teams and driving scale. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Senior Living 1 & 2 BHK Homes from ₹ 73.99 Lakh* TVS Emerald Serene Springs Book Now Undo Aparna Kondaboina comes with over 23 years of experience and has held various leadership roles at Microsoft in India and USA. As an HR leader, she is adept at transforming organizations, driving culture change, building effective leadership capability. In her previous role as the HR leader for the Microsoft India Development Centre (IDC), she achieved outstanding results in HR and talent strategy. She expanded the IDC footprint in India, contributing to its status as the largest development center for Microsoft outside of Redmond, and developed a thriving, diverse, and leading engineering team for Microsoft outside the US. In her new role, Aparna will lead the HR strategy to improve talent and culture outcomes within the commercial business division. This position involves promoting inclusion, accountability, and fostering high-performance teams. Her leadership is expected to drive meaningful transformation, drawing on her deep expertise and vision to elevate both people and performance across the region.
