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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability Juno Joule Bio Fuels begins construction of compressed bio-gas project in Telangana Mcap of 8 of top-10 most valued firms jumps ₹4.13 lakh cr; HDFC, ICICI Bank top gainers Coal India absorbs cost surge to shield consumers from price spike Shell steps up LNG supplies to India, wins major fertiliser tenders after Gulf disruptions Luxury carmakers hope West Asia ceasefire will lift consumer sentiment Pharma and healthcare companies to face continued margin pressure: HDFC Securities Maruti Suzuki to launch 4 EVs by 2031 India Inc flags surge in cost of packaging raw material, seeks relief measures Orbicular gets USFDA’s tentative nod for generic Semaglutide Injection in partnership with Apotex Reliance seeks government approval to buy Iranian crude oil IPL 2026: Ad volume witness marginal dip in first 13 matches West Asia Crisis: Induction cooking may consume 13-27 GW power Tractor sales cross 10 lakh mark in FY26 on strong rural demand, GST cut India to continue buying Russian crude oil India comfortable on crude and LPG supply on diversified sourcing, says IOC chairman Vingroup plans 60,000 EV fleet as part of $6.5 billion Maharashtra push TVS Srichakra assumes US sponsorship rights to boost global brand visibility Vedanta Aluminium signs pact with two downstream companies Shapoorji Pallonji group reiterates call for public listing of Tata Sons THINK Gas launches GIS platform for instant PNG availability check, faster connections Swiggy co-founder Nandan Reddy to exit; 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Crown Worldwide to take India investment to $30 million, targets ₹500 crore revenue by 2030
2026-05-11 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

After investing $15 million in India over the past two years, Hong Kong-based logistics and information-management firm Crown Worldwide Group plans to take its total investment in the country to $30 million over the next two years, with another $15 million earmarked for expanding its information management and workplace-services businesses as rising demand from Global Capability Centres (GCCs), hybrid-work restructuring and stricter compliance requirements under India’s Digital Personal Data Protection (DPDP) framework reshapes the market for enterprise infrastructure and data-governance solutions.

The investment reflects a broader transformation in Crown’s India strategy, from a relocation-led logistics business to a higher-value enterprise infrastructure platform spanning records management, document digitisation, workplace asset management and information-governance services.

The privately held company, which generates about $600 million in annual global revenue, is targeting more than ₹500 crore in revenue from India by 2030, up from around ₹350 crore in FY25. Executives said the India business is growing at 10–12 per cent annually, making it one of Crown’s fastest-growing markets.

India has emerged as one of Crown’s top five global markets and now contributes nearly 10 per cent of group revenue, underscoring the country’s increasing importance in the company’s Asia growth strategy.

As part of that expansion, Crown on Monday inaugurated a new facility in Coimbatore built on a 4.5-acre site. The facility has an initial capacity of more than 468,000 standard carton equivalents (SCE) and can be expanded to 720,000 SCE in a second phase through an additional 45,000 square feet.

The site will support Crown Information Management, Crown Relocations and Crown Workspace, including its Renew Centre, which focuses on refurbishing and reusing workplace assets.

“India is one of our fastest-growing markets and this new facility strengthens our ability to support clients with physical document and corporate asset storage, digitalization and information-management solutions,” Jennifer Harvey, Group CEO of Crown Worldwide Group, said in a statement.

Harvey said India is becoming increasingly important as Asian economies expand and demand rises for infrastructure partners capable of managing both physical and digital business assets. The company is repositioning itself from a records-storage provider to a broader data-governance partner, helping enterprises manage both physical and digital information across sectors such as banking, healthcare and legal services.

The company is also investing in AI-led document digitisation and workflow automation. “We invest in markets with sustained growth and India continues to stand out in that regard,” said Tze Shen Kong, Chief Executive Officer, Asia, Crown Worldwide Group. “This facility significantly strengthens our ability to serve clients operating in and out of India.”

At the same time, Crown is accelerating its sustainability-led logistics strategy in India. More than 20 per cent of its city fleet has already transitioned to electric commercial vehicles, while nearly 40 per cent of energy consumption across Indian facilities is supported by renewable-energy infrastructure.

Srinivas Krishnan, Regional Managing Director, South Asia, said India is “not just a growth market for Crown, it is increasingly central to how we are building capacity for the region.”Crown now operates in more than 13 Indian cities and has expanded specialised capabilities in records management, workplace services and fine-art logistics.

As India tightens data-governance regulations and GCC-led enterprise infrastructure demand accelerates, “Crown is positioning itself for a logistics market where growth increasingly comes not from transportation alone, but from managing information, assets and workplace infrastructure in an increasingly digitised economy.” Krishnan, Regional Managing Director, further explained.

Published on May 11, 2026