
Vaisala Opens New Mumbai Office to Empower High-Tech Manufacturing in India
By PR Newswire Published on May 28, 2025, 18:35 IST
MUMBAI, India , May 28, 2025 /PRNewswire/ — Vaisala, a global leader in measurement instruments and intelligence for climate action, proudly announces the establishment of Vaisala India and the grand opening of its new office in Mumbai . This strategic expansion reinforces Vaisala's commitment to supporting India's rapidly growing industrial sector, particularly in high-tech manufacturing fields such as life sciences, EV batteries, semiconductors, and electronic manufacturing services (EMS). "The Asia-Pacific (APAC) region has been a key market for Industrial Measurements, experiencing remarkable growth over the years. As several Asian economies mature, the time is right for us to expand into the world's 4th largest economy, paving the way for a dynamic new growth market." Mr. Berndt Köhring, Vice President of Vaisala Industrial Measurements APAC, said.
The opening ceremony of Vaisala India on May 28 commenced with inspiring speeches. The speakers highlighted Vaisala's vision, strategic growth, and deep commitment to the Indian market. A traditional Lamp Lighting Ceremony followed, symbolizing enlightenment and prosperity, setting the stage for an exciting future. The formal commencement of operations was marked by a Ribbon Cutting Ceremony, officially inaugurating Vaisala India.
Our esteemed guests, valued customers, trusted partners, and dedicated colleagues gathered to witness this momentous occasion. Dr. Eva Nilsson, Deputy Consul General of Finland in Mumbai, congratulated Vaisala for making the decision to expand operations to India . " Vaisala's decision to establish itself in Mumbai is a wonderful example of the commitment that Finland and Finnish companies have towards collaborating with India and deepening the ties between our economies. Finnish companies have world class technological solutions to offer to the Indian market, which supports India's commitment to Viksit Bharat 2047. " she stated.
Mr. Kian Wei Yap, Director of Vaisala Industrial Measurements Other Asia Pacific, extended his gratitude, adding, "Thank you to our esteemed partners in India for your unwavering efforts and dedication, which have been instrumental in propelling our business to more than double its growth from 2018 to 2024. As we look ahead, together, we are confident that we can create even more value for our customers."
Vaisala India is built on three key pillars that empower India's manufacturing landscape: Enhancing Precision & Compliance in Life Sciences – Vaisala's continuous monitoring systems ensure GMP compliance, data integrity, and precise environmental control for pharmaceutical manufacturing, biotech labs, and cleanrooms. Optimizing Battery Safety & Efficiency – Vaisala's dew point and humidity sensors optimize moisture-sensitive processes in the EV battery sector, enhancing performance, safety, and longevity. Ensuring Semiconductor & EMS Excellence – Vaisala provides advanced vacuum, humidity, and cleanroom monitoring solutions for semiconductor fabs and EMS facilities, ensuring superior yield optimization, static control, and process integrity.
"We are proud to be part of India's transformative industrial journey, " Mr. Rajnikanth Umakanthan, General Manager of Vaisala Industrial Measurements India, concluded, "With the launch of Vaisala India, we are reinforcing our dedication to high-tech manufacturing. Alongside our partners, we are building a future where precision meets purpose, innovation meets sustainability, and India takes the lead in smart, responsible manufacturing."
About Vaisala
Vaisala is a global leader in measurement instruments and intelligence for climate action. We equip our customers with devices and data to improve resource efficiency, drive energy transition, and care for the safety and well-being of people and societies worldwide. With almost 90 years of innovation and expertise, we employ a team of close to 2,500 experts committed to taking every measure for the planet. Vaisala series A shares are listed on the Nasdaq Helsinki stock exchange.
www.vaisala.com
Photo – https://mma.prnewswire.com/media/2697919/Indian_office_opening.jpg
View original content:https://www.prnewswire.com/in/news-releases/vaisala-opens-new-mumbai-office-to-empower-high-tech-manufacturing-in-india-302467172.html
Disclaimer: The above press release comes to you under an arrangement with PR Newswire. Business Upturn takes no editorial responsibility for the same.
PR Newswire is a distributor of press releases headquartered in New York City.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
7 minutes ago
- Yahoo
Noah's Q1 2025 Earnings Show YoY and Sequential Growth in Profitability and Operating Margin Expansion
SHANGHAI, May 30, 2025 /PRNewswire/ -- Noah Holdings Limited ("Noah" or the "Company") (NYSE: NOAH and HKEX: 6686), a leading and pioneer wealth management service provider offering comprehensive one-stop advisory services on global investment and asset allocation primarily for global Chinese high-net-worth investors ("HNWIs"), reported unaudited financial results for the first quarter of 2025, highlighting a robust recovery in profitability as its CAPEX-light domestic restructuring and overseas expansion gain momentum. Non-GAAP net income rebounded 27.4% sequentially to RMB 168.8 million (US$23.3 million), while income from operations jumped 35.2% to RMB 186.0 million (US$25.6 million), driving operating margin to 30.3%. Noah continued to face broader headwinds driven by a volatile global macroeconomic environment and a low-interest rate environment in mainland China, impacting Chinese HNWI sentiment and topline growth. Despite these challenges, Noah continued to make significant progress in building out its sales teams and global infrastructure. Its CAPEX-light strategy ensures its business remains profitable and continues to generate solid cash flow during this restructuring. Zander Yin, Co-Founder, Director, and CEO of Noah, commented, "We are proud to deliver a strong rebound in profitability and operating margin this quarter, reflecting the success of our operational efficiency initiatives, CAPEX-light strategy, and accelerating overseas expansion. This clearly underscores the resilience of our business model during our ongoing restructuring and sets the stage for sustainable growth going forward. This restructuring still requires upfront investments and will take time to scale. While we are not yet at the finish line, these cost-effective foundational changes are clearly beginning to have an impact on our financials which leave us confident we are headed in the right direction." Financial Highlights Total net revenues for the quarter were RMB 614.6 million (US$84.7 million), down 5.7% from last quarter and down 5.4% year-over-year, primarily due to a decrease in distribution of insurance products and RMB-denominated private equity recurring service fees. However, net revenues from overseas continued to grow sequentially, expanding 5.0% to RMB 304.2 million (US$41.9 million) and now accounting for nearly 50% of total net revenues – showcasing the progress it continues to make in expanding overseas. Rigorous cost controls reduced operating costs and expenses by 16.7% sequentially and 18.8% year-over-year to RMB428.6 million (US$59.1 million), led by a 21.8% year-over-year cut in compensation and benefits and an 18.1% decline in selling expenses. Overseas Expansion Making Progress Noah's overseas expansion continued to gain momentum. Revenue from overseas investment products grew 20.3% year-over-year, offsetting a 22.8% decline in overseas insurance sales. USD-denominated assets under management climbed 14.2% year-over-year to US$5.9 billion, and USD-denominated assets under advisory rose 8.7% to US$9.1 billion. Noah's team of overseas relationship managers is driving this growth. The team expanded 44% year-over-year to 131, with its newly formed overseas commission-only insurance agent team also growing to 75 and already contributing approximately RMB 10 million in revenue during the quarter. The Company opened a new office in Japan and continues to explore opportunities in the US, Southeast Asia and Canada with large and underserved communities of Chinese HNWIs. Domestic Restructuring Domestic net revenues in the quarter were RMB 310.4 million, down 14.3% from last quarter and 9.4% from the same period last year, reflecting weaker insurance distribution under a low-interest environment and lower recurring service fees from private equity products. However, transaction value for RMB-denominated private secondary products surged 257.7% year-over-year to RMB 3.3 billion, up 34.6% sequentially, with associated revenue contribution rising 9.4% year-over-year. Noah's branch network has been consolidated to 10 cities in mainland China and has begun deploying online marketing and online services which will further reduce fixed costs and improve operational efficiency going forward. Driving Shareholder Returns Noah continues to prioritize shareholder interests and deliver sustained returns through its US$50 million share buyback program with the repurchase of more than 1.3 million ADSs to date. Subject to approval at its upcoming annual general meeting in June 2025, the Company plans to distribute RMB 550 million in annual and special dividends in July 2025—equal to 100% of 2024's non-GAAP net income attributable to Noah shareholders—delivering a 11% dividend yield at current prices and marking the second consecutive year of a full payout. As of March 31, 2025, cash and cash equivalents stood at RMB 4.1 billion, supplemented by RMB 1.3 billion in highly liquid short-term investments. The balance sheet remains robust, with US$11.4 per ADS in cash reserves, an improved current ratio of 4.8x, no interest-bearing debt, a price-to-book multiple of 0.5x and a price-to-earnings multiple of 11x, well below the industry average. Strategic Priorities and Outlook for 2025 Noah's priority in 2025 will be to build upon the solid progress it has made by carefully balancing the quality and quantity of growth overseas while ensuring full compliance with local regulations. Through its CAPEX-light strategy, the Company will drive its overseas expansion and build its local teams in the US, Japan, Southeast Asia and Canada. Investments in AI and technology will enhance online service capabilities, and the commission-only insurance agent network will scale to support overseas growth. It will also diversify its product suite with trusts, emigration advisory services and cross-border solutions to meet evolving client needs in volatile markets. Supported by streamlined operations, a fortified balance sheet and deepening overseas foothold, Noah is well positioned for sustainable, profitable growth throughout 2025 and beyond. About Noah Holdings Limited Noah Holdings Limited (NYSE: NOAH and HKEX: 6686) is a leading and pioneer wealth management service provider offering comprehensive one-stop advisory services on global investment and asset allocation primarily for global Chinese high-net-worth investors. Noah's American depositary shares, or ADSs, are listed on the New York Stock Exchange under the stock ticker "NOAH", and its shares are listed on the main board of the Hong Kong Stock Exchange under the stock code "6686." One ADS represents five ordinary shares, par value $0.00005 per share. In the first quarter of 2025, Noah distributed RMB 16.1 billion (US$2.2 billion) of investment products. Through Gopher Asset Management and Olive Asset Management, Noah had assets under management of RMB149.3 billion (US$20.6 billion) as of March 31, 2025. Noah's domestic and overseas wealth management business primarily distributes private equity, public securities and insurance products denominated in RMB and other currencies. Noah's network covers major cities in mainland China, as well as Hong Kong (China), New York, Silicon Valley, Singapore, Los Angeles and Japan. The Company's wealth management business had 463,161 registered clients as of March 31, 2025. Through its domestic and overseas asset management business operated by Gopher Asset Management and Olive Asset Management, Noah manages private equity, public securities, real estate, multi-strategy and other investments denominated in RMB and other currencies. The Company also provides other businesses. For more information, please visit Noah at Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Noah may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in announcements, circulars or other publications made on the website of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange"), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Noah's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. These statements include, but are not limited to, estimates regarding the sufficiency of Noah's cash and cash equivalents and liquidity risk. A number of factors could cause Noah's actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: its goals and strategies; its future business development, financial condition and results of operations; the expected growth of the wealth management and asset management market in China and internationally; its expectations regarding demand for and market acceptance of the products it distributes; investment risks associated with investment products distributed to Noah's investors, including the risk of default by counterparties or loss of value due to market or business conditions or misconduct by counterparties; its expectations regarding keeping and strengthening its relationships with key clients; relevant government policies and regulations relating to its industries; its ability to attract and retain qualified employees; its ability to stay abreast of market trends and technological advances; its plans to invest in research and development to enhance its product choices and service offerings; competition in its industries in China and internationally; general economic and business conditions in China; and its ability to effectively protect its intellectual property rights and not to infringe on the intellectual property rights of others. Further information regarding these and other risks is included in Noah's filings with the U.S. Securities and Exchange Commission and the Hong Kong Stock Exchange. All information provided in this press release and in the attachments is as of the date of this press release, and Noah does not undertake any obligation to update any such information, including forward-looking statements, as a result of new information, future events or otherwise, except as required under the applicable law. View original content: SOURCE Noah Holdings Limited Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
7 minutes ago
- Yahoo
PM Narendra Modi inaugurates Kanpur Metro, built by Afcons
MUMBAI, India, May 30, 2025 /PRNewswire/ -- Honourable Prime Minister Shri Narendra Modi on Friday inaugurated a 5-kilometre stretch of the underground Kanpur Metro. Of this, one completed station—Kanpur Central Metro Station—and 2.4 kilometre of tunnelling have been executed by infrastructure major M/s Afcons Infrastructure Ltd. Afcons-led consortium is executing the KNPCC-06 package, which was awarded on March 14, 2022. The project includes design and construction of a 3.826 kilometre underground stretch comprising three metro stations: Kanpur Central, Jhakarkatti, and Transport Nagar, two twin tunnels bored using two shield Tunnel Boring Machines (TBMs), with others. Tunnelling along this stretch posed significant challenges due to the presence of dilapidated buildings. However, Afcons successfully navigated these complexities and completed the tunnelling work safely and efficiently. Construction of Kanpur Central Station, which began in December 2022, and the tunnelling works between Kanpur Central and Nawabganj, initiated in August 2023, have both been completed. Afcons, which has been associated with Kanpur Metro since its early phases, was previously responsible for the Priority Section under package KNPCC-02. This package included an elevated viaduct and nine elevated stations from IIT Kanpur to Motijheel. Afcons completed this section in record time despite the challenges posed by the COVID-19 pandemic. The section was commissioned and opened to the public in June 2021. Afcons is a leader in metro construction in India, with a presence in over 10 cities. The company has executed and delivered complex projects, including India's first underwater tunnel in Kolkata, the country's first four-layer transportation system, a 5.6 kilometre double-decker viaduct for the Nagpur Metro, and one of the largest underground metro stations in India. About Afcons Infrastructure Ltd Afcons Infrastructure Ltd is flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group. It has a legacy of over six decades, with strong track record of executing numerous technologically complex EPC projects both within India and internationally. As per the latest ENR survey, Afcons is ranked in Top 140 international Contractors globally; 12th in Bridges and 14th in Marine & Ports. Photo: View original content to download multimedia: Sign in to access your portfolio
Yahoo
17 minutes ago
- Yahoo
Tapfiliate - How to Attract and Retain the Best Affiliate Publishers: a 6-Step Guide for Advertisers
CHICAGO, May 30, 2025 /PRNewswire/ -- Attracting quality publishers takes more than just a signup form. Smart visibility, trust-building, and consistent follow-through - this is what works. Here's a 6-step guide based on what's worked for us at Tapfiliate, the platform trusted by over 3,000 brands in 90+ countries. 1. Build a SEO-optimized affiliate landing page Include target keywords (e.g., "B2B SaaS affiliate program") and cover the basics: сommissions, payouts, cookie duration and value propositions. Our customers with SEO-optimized landing pages saw an average 267% increase in organic affiliate signups within 6 months. 2. List your program in the right affiliate directories and marketplaces Consider smaller, curated affiliate marketplaces that focus on handpicked publishers aligned with your niche and your ICP/audience. Include a clear commission structure and partner benefits. Highlight bonuses, niche fit, or exclusive deals to stand out. 3. Join online communities where affiliates are active Search for affiliate groups in your niche on Reddit, Slack, Discord, Facebook, LinkedIn, and niche forums. Companies actively engaging in niche communities through our guidance have recruited 45% more high-quality affiliates on average. Reach out to creators and niche bloggers - it allows to achieve an average 28% response rate and convert 1 in 4 responses into active affiliates. 4. Encourage referrals from existing affiliates Offer referral bonuses or run "bring-a-friend" campaigns to scale your reach organically. Tapfiliate's referral marketing software helps track second-tier referrals automatically with its MLM feature. 5. Onboard with care, not silence Send a welcome email with all the essentials: links, brand assets, top-performing content. Set up a short email sequence to guide early steps and celebrate milestones like the first click or conversion. Keep the momentum going with helpful tips. Tapfiliate automates onboarding emails and celebrating early affiliate achievements without manual work. Our customers report 73% higher affiliate activation rates and 89% longer affiliate lifetime value. 6. Make affiliate program management easy to scale Group affiliates by performance/region Adjust commissions based on tiers/specific promotions Track earnings and conversions reliably to avoid errors and delays Partner marketing software streamlines these tasks, freeing up your time to focus on strategy and building relationships. Companies using Tapfiliate's automation features save an average of 12 hours per week on affiliate management tasks while handling 300% more affiliates with the same team size. Media contacts: press@ Photo - View original content to download multimedia: SOURCE Tapfiliate Sign in to access your portfolio