Netenrich Deepens India Commitment with Strategic BFSI Win and New Mumbai Office
Netenrich, a leader in outcome-driven security operations, today announced a new customer engagement with Nuvama Group (NSE:BSE – Nuvama), one of India's leading Wealth Management firms. This engagement, focused on transforming security operations, coincides with the opening of Netenrich's new office in Mumbai, which will serve as a hub for the company's focus on India's financial services sector.
This engagement with Nuvama Group is a landmark example of Netenrich's strategic focus on the Indian BFSI sector. It signals a significant step in the company's regional growth strategy and reflects its commitment to delivering adaptive, intelligence-driven security tailored to India's regulated financial sector.
The move deepens Netenrich's investment in India, transitioning from a long-standing R&D and engineering presence to a direct, customer-facing operation. With years of experience delivering outcome-based security for complex enterprise environments, the company is now focused on bringing its proven model to India's financial sector.
'Our expansion into Mumbai marks a critical step in our commitment to securing India's financial sector," said Raju Chekuri, Chairman and CEO of Netenrich. 'Legacy SIEMs and fragmented XDR tools are no match for today's GenAI-enabled threats. Financial leaders need a modern, data-driven security model that delivers measurable outcomes, not more alerts. Our considerable advantage is our foundation on the Google SecOps Enterprise platform, where our Adaptive MDR offering combines powerful technology with deep domain expertise. This enables institutions move from reactive defense to intelligent, outcome-driven security operations."
To address these modern challenges, Nuvama Group is strengthening its overall security posture by deploying Netenrich Adaptive MDR (Managed Detection and Response), a data- first, intelligence-driven service that combines proactive threat detection, continuous risk assessment, and automated response capabilities.
'We've reached a point where proactive, intelligence-driven security is no longer optional," said Harsh Jha, Chief Technology Officer (CTO) at Nuvama Group. 'Netenrich brought the technical depth and operational clarity we were looking for, not just in tooling, but in execution. They understood what we needed and responded with practical solutions."
This new customer engagement is a cornerstone of Netenrich's broader regional vision. The Mumbai location will serve as a hub for sales, field engineering, and client engagement, complementing the company's existing technology centers in Hyderabad, Bhimavaram, and Bengaluru.
The new office is located at:
Netenrich Technologies Private Limited,
G Block, Plot C 59, 11th Floor, Platina, Bandra Kurla Complex, Mumbai, Maharashtra – 400051, India
Netenrich plans to expand its local team and deepen its collaborations with cloud providers and compliance experts as it grows its India presence. With increasing demand for cybersecurity talent and expertise in India's BFSI space, the company expects Mumbai to play a critical role in its regional strategy.
Netenrich's approach also aligns with India's evolving regulatory landscape. It's Adaptive MDR solution helps BFSI institutions address mandates from key regulators such as RBI, SEBI, and CERT-In by combining contextual threat monitoring, automated response, and compliance-ready reporting.
About Nuvama Group
Nuvama has built a strong foundation of trust and reputation in the Indian market over 25 years. As one of India's leading integrated wealth management firm in India, Nuvama oversees INR 4,30,651 Cr of client assets and caters to a diverse set of clients which includes 12+ lac affluent and HNIs and 4,250+ of India's most prosperous families, as of Q4 FY25. Nuvama offers wealth management solutions, covering investment advisory, estate planning, investment management, lending and broking services for individuals, institutions, CXOs, professional investors, and family offices. It also offers a wide bouquet of alternative asset management products and is a leading player in capital markets.
For more details, please visit: https://www.nuvama.com.
About Netenrich
Netenrich is redefining security operations with a proactive, shift-left approach. Our Adaptive MDR solution, powered by Resolution Intelligence Cloud™ technology, leverages artificial intelligence and big data to deliver customized experiences and data-driven results for every client. With a focus on agility and innovation, our solution evolves with your changing needs and brings you a step closer to achieving autonomic operations. As a trusted and pure-play Google partner specializing in Google SecOps, we've transformed hundreds of customers across various sectors, including technology ISVs, healthcare, finance, and technology. From our global hubs, we provide 24/7 proactive uninterrupted operations, peak performance, and peace of mind.
(Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI
(This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments
First Published:
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
4 minutes ago
- Time of India
'You Signed A Death Pact': Khamenei Aide Vows To Block 'Trump Route' After Armenia-Azerbaijan Deal
'False And Fabricated': Centre Denies Reports Claiming Halt In Arms Purchase From U.S. Indian Defence Ministry officials have denied media reports claiming it paused US weapons deals in response to steep tariffs imposed by former US President Donald Trump. The Defence Ministry called the claims 'false and fabricated,' adding that procurement processes are proceeding as per standard procedures. It also clarified that Defence Minister Rajnath Singh's visit to Washington was never finalized, countering reports that it had been cancelled. Meanwhile, Indian refiners are reportedly pulling back from spot purchases of Russian crude amid tariff-related pressure. However, the government has issued no formal directive, and key oil cargoes from Russia are still expected to arrive as planned.#indiausrelations #defencedeals #ustariffs #rajnathsingh #russiaoil #trade #indianeconomy #geopolitics #modigovernment #defenceprocurement #toi #toibharat 19.1K views | 1 day ago
&w=3840&q=100)
First Post
4 minutes ago
- First Post
'Gehraiyaan' director Shakun Batra on Raanjhanaa's climax being altered by AI: 'It raises concerns because...'
Batra is the first Indian filmmaker to collaborate with Google on an experimental Al- driven storytelling campaign. With this latest campaign, Shakun's Jouska Films explores how Al can reshape storytelling read more Filmmaker Shakun Batra, who has directed Ek Main Aur Ekk Tu, Kapoor & Sons, and Gehraiyaan, is the first Indian filmmaker to collaborate with Google on an experimental Al- driven storytelling campaign. With this latest campaign, Shakun's Jouska Films explores how Al can reshape storytelling & streamline production. And in an exclusive interview with Firstpost, Batra spoke about all of it and also his own films he has directed so far. Edited excerpts from the interview STORY CONTINUES BELOW THIS AD What do you have to say about your collaboration with Google for the AI-driven storytelling? It's been a really exciting space to explore. The collaboration was born out of curiosity—just a genuine interest in what could happen if storytelling and these emerging AI tools met somewhere in the middle. We weren't aiming for perfection; we were testing, playing, pushing boundaries to see what new kind of cinematic language could emerge. Google came in with the same spirit—open to experimentation, which made it feel less like a partnership and more like a creative lab. We're still learning, and that's the most interesting part of it. Do you see AI as a potential threat or a boon in the filmmaking process in India? It's a bit of both—and I think it's important to be honest about that. On one hand, AI can absolutely be a leveller. In India, we have no shortage of stories, but we do often face limitations—budget, access to equipment, time. AI can help reduce those barriers. A student in a small town could potentially create something visually compelling with tools they can afford, without needing a massive crew or infrastructure. That's a huge shift in who gets to tell stories and how. But at the same time, there are real concerns. If we start treating AI as a shortcut that bypasses craft, or if it leads to generic storytelling, we risk losing the richness that comes from effort, collaboration, and time. There's also the question of how AI models are trained—whose work is being used, and whether artists are being credited and compensated. These are ongoing conversations. I don't think we should be blindly optimistic or overly fearful. We need engaged, intentional use—and open dialogue as we move forward. How did this collaboration come about? It started from a place of genuine curiosity. I had been experimenting with some of Google's early AI tools on my own—playing with visual prompts and narrative textures, to see what cinematic language could emerge. That led to conversations with their team, where I shared my interest in pushing storytelling through these tools—not as a gimmick, but as a new kind of craft. STORY CONTINUES BELOW THIS AD The idea grew organically. There was no big pitch—just shared curiosity about whether we could create something cinematic through AI. That's how the car chase came to life. From that, we decided to develop a special project called Imagine—a series exploring five different ideas using AI to push cinematic storytelling in fresh, emotional, structural ways. It's work-in-progress, but that's precisely the point—to explore, to test, to learn. We recently saw a Hindi film (Raanjhanaa) whose climax was altered with AI. Does this scare or bother you as a filmmaker? It does raise concerns—not because AI was involved, but because the filmmaker's consent wasn't part of the decision. That's the bigger issue. Tools and techniques may change, but creative intent must always remain central. That kind of alteration without the director's voice in the room risks eroding what the art stands for. We need open dialogue and creative integrity—not silent overrides. What do you feel are the advantages of AI? STORY CONTINUES BELOW THIS AD Speed and access. You can now visually explore an idea in hours instead of weeks—something that can fundamentally change the storytelling pipeline, especially for filmmakers without big budgets. It also helps bridge collaborative gaps—writers, editors, designers, directors can work in tighter, more visual loops. Used thoughtfully, AI can make creation faster and more thoughtful. The plumber scene in Kapoor and Sons is often viral on social media. What are your memories of shooting it? I'm still pleasantly surprised every time it pops up on my phone. It wasn't something I expected would become such a shareable moment—but it always brings a smile. The whole film was special because of the people and place—Coonoor was magical, and the atmosphere stayed with me. It's probably my most cherished memory from any shoot. The final scene of Gehraiyaan, where the old lady recognizes Deepika, is one of the best cliff-hangers of recent times. Why do you end the film right there, and what do you feel happens next? STORY CONTINUES BELOW THIS AD We ended it there because that moment felt complete. It wasn't about delivering closure—it was about letting everything land in the silence. What happens next? I leave that for the viewer to decide. That's where the emotional weight sits—it becomes theirs, not mine. What are your upcoming projects? When can we see you direct next? Lust stories for Netflix is up next and I'm developing a few projects—some traditional, some experimental. I'm writing again, which feels refreshing. Hopefully very soon.
Economic Times
4 minutes ago
- Economic Times
Crude awakening for Nayara as geopolitics sounds alarm; symbol of Indo-Russian ties hit hard by West penalty
Synopsis Nayara Energy, once a symbol of India-Russia cooperation, faces significant challenges due to sanctions and global disruptions following the Ukraine invasion. These hurdles impact its exports, finances, and expansion plans, forcing a shift towards domestic markets and alternative strategies. The company navigates leadership changes and infrastructure concerns amidst potential ownership restructuring. Agencies Though Nayara is not directly sanctioned, its significant Russian ownership has triggered cascading effects. Mumbai: In August 2017, nine months after a consortium led by Russia's Rosneft bought Essar Oil's 20-mtpa refinery in Vadinar (Gujarat), it was renamed Nayara Energy. The name derives from the Hindi word 'Naya' (new) and 'Era.' It was chosen to signify its shareholders' vision of bringing a new era of development to the was born at a time India's petroleum sector was undergoing reform - the government had deregulated fuel retail prices, giving private fuel retailers such as Nayara an equal footing to expand their outlets. The reform gave sleepless nights for state-run oil marketing companies, which had hitherto dominated fuel retailing. Now, they feared losing market share to private players Nayara and Reliance was well with Nayara and it was on a growth trajectory until it was hemmed in by both the US and the European Union (EU), as they stepped up efforts to target Russia over its invasion of Ukraine. Its oil and energy revenue was low-hanging fruit. The company, once seen as a symbol of India-Russia economic cooperation, is now navigating a perfect storm - sanctions, global shipping disruptions, domestic regulatory pressure, a leadership churn and a digital infrastructure scare. Nayara did not respond to ET's emailed query as of press time. Russian Link For a company that accounts for nearly 8% of India's refining output and 7% of its retail petrol pump network, these challenges are testing Nayara's resilience as well as long-term strategy. Russia's national energy firm and a consortium of international investors Trafigura and UCP Investment Group had acquired the Essar asset for $12.9 billion. This was Rosneft's largest foreign investment in India's refining sector, providing it an entry into one of the fastest-growing world Energy owns the second-largest private refinery in India, as well as an oil depot terminal, a port, infrastructure and a chain of more than 6,000 fuel is this spate of expansion that is now July 18, the EU unleashed its 18th package of sanctions on Russia, which included restrictions on import of fuels refined from that nation's crude, slashing the price cap on Russian oil to $47.6 per barrel from $60 and targeting the shadow fleet involved in its transport. The price cap will take effect on September 3. Separately, US President Donald Trump has put 50% tariffs on Indian imports, accusing India of funding Moscow's war on Ukraine via its oil Nayara is not directly sanctioned, its significant Russian ownership has triggered cascading effects. Sanctions Biting Within a week of the latest EU sanctions, Nayara Energy chief executive Alessandro Des Dorides resigned and was replaced by Sergey Denisov, who had been with the company since July 28, Microsoft restricted Nayara Energy's access to its own data, proprietary tools and products, despite these being acquired under fully paid-up licences, according to the oil retailer. The US firm later restored services, once Nayara began legal actions against it. But the episode underscored the seriousness of the situation.'Nayara's troubles have just begun. It is not only barred from exporting refined products to Europe, but fearing penalties, shipping companies are pulling back from transporting its products. Insurers and trade finance providers are wary,' said a trader familiar with the matter, on condition of anonymity. 'This is restricting the company's ability to move product to its export markets—Europe, Southeast Asia and parts of Africa.'As per a Care Ratings note in July, exports constituted 25-30% of Nayara's total revenue, while the balance was domestic sales in India. Nayara has negligible direct exports to the EU, while its majority exports are via traders who, in turn, sell to multiple markets. That hasn't stopped Nayara from seeking alternative arrangements for payments as EU's sanctions threaten to bite. It is reportedly seeking a local bank to finance and wire payments for crude oil imports and to help it receive payments for refined fuel product exports. Potential Sale Burdened by the heft of sanctions, Rosneft has not been able to repatriate earnings from Nayara Energy in recent years. The lack of repatriation of earnings from the company is believed to be one of the key reasons it has been mulling selling the Indian unit, said people with knowledge of the the latest bunch of sanctions has impeded this too. Talks have been held with Indian conglomerates, with the company being valued at more than $20 UCP Investment Group, one of the largest financial investment groups in Russia, is also looking to sell its stake in Nayara Energy for over $5 billion. This, after Swiss-headquartered commodity trader Trafigura sold its 24.5% stake to Hara Capital Sarl, a wholly owned subsidiary of Italian energy investment firm Mareterra Group Holding, in January 2023. Industry players, however, said that due to the sanctions, Nayara's valuation could come down, making it an attractive asset for international buyers. New Strategies Global roadblocks have forced Nayara Energy to look inwards. Last week, it reached out to state-run refiners, offering them its export volumes of petrol and diesel to prevent a build-up of unsold the pivot to domestic markets offers near-term relief, it also squeezes margins. Export markets, especially Europe, historically offered better realisations. Domestic competition, more so from state-owned oil marketing companies, limits pricing power and all of this comes at a time when Nayara Energy was planning massive growth investments. It had announced plans to invest over ₹70,000 crore in the long term across petrochemicals, ethanol plants and marketing infrastructure expansion, among other projects. It had invested over ₹14,000 crore since August 2017 in various projects in India, including upgrading existing refining facilities, a new petrochemical plant and other infrastructure thanks to the sanctions, the company now risks losing technical support from European technology licensors, which is crucial to its refinery operations. The key question is whether Nayara can continue to push forward on diversification while its core refining-export engine sputters under the weight of western pressure.
