Fenesta Acquires Majority Stake in DNV Global for INR 44 Crore to Boost Supply Chain
The transaction, which includes INR 31 crore via subscription to fresh equity and INR 13 crore through purchase of existing shares, is expected to be completed within the next two months
You're reading Entrepreneur India, an international franchise of Entrepreneur Media.
Fenesta, the windows and doors division of DCM Shriram Ltd, has acquired a 53 per cent equity stake in DNV Global for INR 44 crore, marking a strategic push towards backward integration and expansion into the hardware segment.
The transaction, which includes INR 31 crore via subscription to fresh equity and INR 13 crore through purchase of existing shares, is expected to be completed within the next two months, as per PTI. The move is part of Fenesta's broader strategy to enhance operational efficiency and scale.
"This strategic investment marks a significant step in Fenesta's vision to enhance customer experience, deepen vertical integration, enhance product reliability, achieve accelerated growth in scale and unlock operational synergies across its supply chain," DCM Shriram said in a statement on Sunday.
DNV Global, established in 2013, reported a turnover of INR 60 crore in the last fiscal. The acquisition will allow Fenesta to bring hardware manufacturing in-house. Hardware components are crucial to the performance and longevity of window and door systems, and this move positions Fenesta to gain more control over product quality and innovation.
Saket Jain, business head, Fenesta Building Systems, said, "The acquisition is a natural extension of our long-term growth strategy. Hardware plays a critical role in defining both the performance and user experience of our window and door systems."
He emphasized the strategic fit between the two companies, noting that the deal will provide Fenesta with more flexibility and responsiveness in product development. "With this move, we not only deepen our supply chain capabilities but also gain the agility to innovate and expand our hardware offerings across new home improvement segments," Jain added.
Jain also highlighted that the integration will help Fenesta offer smarter, more durable, and more comprehensive solutions to customers, further strengthening its market position.
Fenesta is a prominent brand in India's premium home improvement sector, manufacturing uPVC and aluminium windows and doors, as well as solid panel doors and building facades. The parent company, DCM Shriram Ltd, operates in a diverse range of sectors including sugar, fertilizers, and chemicals.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Entrepreneur
an hour ago
- Entrepreneur
Building Wealth While Building a Business: 10 Financial Habits That Pay Off Long-Term
Without intentionally building personal wealth, you could have a successful business and nothing to show for it. Opinions expressed by Entrepreneur contributors are their own. When you start and grow a business, you must devote your full mental, emotional and financial attention. Due to this, entrepreneurs usually prioritize growth over personal wealth. But the truth is, without intentionally building personal wealth, you could find yourself with a successful business and nothing to show for it personally. I get it. Wealth building isn't as exciting as entrepreneurship. It isn't about flashy investments or overnight success. Instead, it's about making consistent financial habits that open doors to long-term freedom. So, to ensure your personal wealth is growing along with your business, here are ten practical financial habits entrepreneurs should adopt. 1. Separate personal and business finances The best way to manage your personal and business finances is to clearly distinguish between the two. But this is more than just bookkeeping. It's about mindset. When your personal finances are entangled with your business finances, it is virtually impossible to gauge your true wealth or make strategic decisions. What to do: Set up separate business bank accounts and credit lines. You should pay yourself a regular salary or draw, regardless of how modest it is. Don't fund personal expenses from your business account. This can cause tax problems and confuse your cash flow. In addition to simplifying taxes, this discipline reinforces the idea that a business is not your identity nor your personal deposit account. Related: Why is it Necessary to Keep Personal Finances and Business Accounts Separate for Entrepreneurs 2. Pay yourself first This principle holds even more significance for entrepreneurs. Too many entrepreneurs wait until they "get ahead" before removing their money from their company. The problem? Moments like that rarely occur unless you make them happen. What to do: Every month, allocate a percentage of your business revenue to savings or investments. Set up automatic transfers to IRAs, brokerage accounts or savings accounts. You are an investor, so treat yourself as such. If you make wealth-building a non-negotiable part of your life, you break the cycle of reinvesting every dollar and establish financial security. 3. Build a business emergency fund Undoubtedly, unexpected expenses are not just a personal problem; they also affect businesses. Stimulating wealth growth by constantly paying off debt or putting out fires with your savings is a recipe for disaster. What to do: Maintain an emergency fund for your business equal to three to six months' operating expenses. Use it only for true business emergencies, not slow sales months or late payments. Just as you would a personal emergency fund, replenish it consistently. This cushion will protect your business and personal assets when times are tough. 4. Diversify your income streams Sure, your business may be your baby. But putting all your eggs in one basket is a risky strategy. A smart entrepreneur diversifies their income beyond their core business. What to do: Take advantage of licensing opportunities, online courses and digital products. Invest your profits from the business in real estate, index funds or stocks that yield dividends. Consider affiliate income, brand partnerships or strategic side investments. It's all about generating multiple wealth-generating sources from your business cash flow. 5. Save for retirement even without a 401(k) Since most entrepreneurs lack access to employer-sponsored retirement plans, they neglect retirement planning. However, self-employed individuals can use powerful tools when they take the initiative, since they can access them. What to do: Depending on your business structure, you may want to open a SEP IRA, Solo 401(k), or SIMPLE IRA. If possible, maximize your contributions. 401(k) contributions for 2025 will be $70,000 or 100% of earned income, whichever is less. In SEP IRAs, the contribution limit is $70,000, while the compensation limit is $350,000. You can contribute $16,500 to the SIMPLE IRA, plus $3,500 if you're 50 or older. In addition, those ages 60 to 63 receive a higher catch-up limit of $5,250. Over time, even modest contributions can have a powerful effect if you start early and stay consistent. 6. Get strategic with taxes For entrepreneurs, poor tax planning is a significant source of wealth leakage. Unless you have a smart strategy in place, you can pay more than you must. Or, even worse, you may be surprised by a hefty bill that forces you to dip into your savings. What to do: Find a CPA who specializes in small businesses and is proactive. Be diligent about tracking all business expenses and deductions. Take advantage of pass-through taxation and self-employment tax strategies by forming an LLC or S-Corp. When you minimize your tax liability, more money stays in your pocket and can be redirected toward building wealth. 7. Invest in financial education Financial literacy is a lifelong pursuit for the most successful entrepreneurs. You can maximize your income by knowing the basics of investing, taxes, and personal finance. What to do: Every quarter, read one book on finance or investing (e.g., The Psychology of Money , Profit First ). , ). Follow financial advisors like Michael Kitces or podcasts aimed at entrepreneurs, like How I Built This with Guy Raz. Ideally, you should work with a fee-based financial advisor who has experience working with small businesses when you are ready. A sound understanding of finance gives you control and confidence, two essential elements of long-term financial success. Related: The 10 Best Podcasts Every Entrepreneur Should Listen to for Growth, Strategy, and Success 8. Protect your wealth with insurance and legal structures The concept of wealth goes beyond accumulation to include protection as well. When unprepared, a lawsuit, accident, or unexpected disability can derail everything you've built. What to do: Your business should have appropriate liability insurance, and you should consider umbrella coverage as well. Establish an LLC or corporation to limit personal liability. If you have dependents or business partners, consider getting disability insurance and life insurance. As your assets grow, create a simple estate plan or trust. A house without a foundation is like a wealth-building project without risk management. 9. Know when to reinvest and when not to It's tempting to funnel every dollar back into your business during growth phases. However, over-investing can lead to a costly trap if you fail to accumulate personal wealth. What to do: Establish a reinvestment plan that outlines clear expectations for return on investment. Set aside a set percentage of profits for reinvestment, personal savings, and taxes. It is important to remember that your business is only an engine for wealth, not a destination in itself. Don't invest blindly; reinvest smartly. 10. Regularly review and adjust your financial plan Building wealth is not a matter of "set it and forget it." As your business grows, you must adjust your financial situation, goals, and risk tolerance accordingly. Staying on track and taking advantage of opportunities should be a regular routine. What to do: Establish a "money day" to review your business and finances every three months, annually, or biannually. Keep track of your net worth, review your investment performance, and determine how much you save. Do you want to reach financial freedom, retire early, or plan your legacy? Review your goals annually. Small adjustments made consistently can have a powerful impact. Your financial plan should be as dynamic, intentional, and growth-oriented as possible. Related: 5 Questions to Ask to Make Sure Your Company's Financial Plan Is on Track Treat yourself like a shareholder Are you ready for the mindset shift that will change everything? Rather than seeing yourself as a founder, act like a shareholder. In addition to getting paid, shareholders expect a return on their investment. Even though your business may grow, wealth comes from what you keep, not just what you make. Establishing disciplined financial habits early on will help you build a thriving company and a lifestyle of true financial freedom.
Entrepreneur
2 hours ago
- Entrepreneur
Boeing 787: With a History Of Faulty Concerns, Is It Safe?
The Boeing 787-8 models faced repeated scrutiny over safety and production practices. From John Barnett to Salehpour, Boeing whistleblowers had already warned of 787 Dreamliner concerns Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. The Air India Ahmedabad-London flight which crashed on Thursday afternoon, marked the Boeing 787-8 Dreamliner's first fatal crash since the aircraft's introduction in 2011. As per the Directorate General of Civil Aviation (DGCA), the plane issued a MAYDAY call immediately after takeoff but no further responses were recorded. Reportedly, 265 people have died. Prior to the crash, there were more than 1,100 variants of 787s in service since its inception. The company's website described it as 'best-selling passenger wide-body of all time', the aircraft have carried more than one billion passengers. However, the Dreamliner's troubles are a series of compounding issues plaguing the aircraft with development delays and cost overruns to faulty parts and whistleblower allegations. The Boeing 787-8 models faced repeated scrutiny over safety and production practices. From John Barnett to Salehpour, Boeing whistleblowers had already warned of 787 Dreamliner flaws. Technical issues have led to cancellations and maintenance delays across operators using the model. In 2024, whistleblower, Sam Salehpour, a Boeing engineer with 17 years of experience, reported that the 787's fuselage was fastened improperly. He described workers misaligning sections together which could create gaps and fatigue cracks mid air. John Barnett, a former Boeing quality manager, had also raised similar concerns stating that under pressure to meet deadlines, workers were installing substandard parts. These claims were rejected by Boeing. In early 2025, the Dreamliner's woes increased when Italian authorities uncovered a fraud scheme involving over 4,800 defective parts installed in Boeing 787s in service. From structural fittings to hydraulic systems, these parts were deemed non-compliant with aerospace standards, raising alarm about the safety of aircraft already in service. Boeing's safety issues are not only with Dreamliner, two major crashes involving Boeing planes new 737 Max model were reported in Indonesia and Ethiopia in 2018 and 2019. That model was taken out of service for almost a year, before being relaunched. The last Air India crash, in August 2020, involved a smaller Boeing 737-800 Air India Express which was landing at Calicut airport in bad weather and skidded off the runway. The London-bound flight's accident is under investigation and analysis of the black box data recorders, including the cockpit voice recorder, are awaited. "It's true that Boeing have had a bad time in the last few years, however the 787 has 1175 aircraft flying world wide, having done 5 million flights with 30 million flying hours over 15 years. This is the first major incident / accident of any kind of the 787, so it's a very safe aircraft as far as I'm concerned," said Sanjay Lazar, an aviation expert. In a statement, DGCA said the flight was operated by Captain Sumeet Sabharwal, an LTC with 8,200 flying hours, and a co-pilot with 1,100 hours of experience. "Both pilots were highly qualified and had close to 10,000 hours of flying. It appears to have been something extraordinary that happened as visuals suggest that the aircraft could not climb, and had no thrust, so either it was a catastrophic failure of both engines or some major ingestion into the engines. There will be an analysis of the black boxes and a thorough investigation by the AAIB & the NTSB and we will learn what happened," Lazar explained. In an official statement, Boeing president and CEO Kelly Ortberg said, "Our deepest condolences go out to the loved ones of the passengers and crew on board Air India Flight 171, as well as everyone affected in Ahmedabad. I have spoken with Air India Chairman N. Chandrasekaran to offer our full support, and a Boeing team stands ready to support the investigation led by India's Aircraft Accident Investigation Bureau."
Entrepreneur
2 hours ago
- Entrepreneur
Why Most AI Startups in India Don't Succeed
9 out of 10 startups don't make it, by the end of the first year, 20 per cent fail; by the fifth year, that number jumps to 50 per cent, and by the tenth, nearly 70 per cent are gone You're reading Entrepreneur India, an international franchise of Entrepreneur Media. India's domestic AI market is projected to more than triple to $17 billion by 2027, positioning the country as one of the fastest-growing AI economies globally. This rapid acceleration is being fueled by rising enterprise tech investments, a thriving digital ecosystem, and a robust talent base. The country already boasts over 600,000 AI professionals—a number expected to double to 1.25 million by 2027. India's startup ecosystem is keeping pace with over 4,500 AI startups, 40 per cent of which were launched in the last three years. The country is fostering innovation across sectors, from health-tech and agri-tech to logistics and fintech. Many of these ventures are focused on solving uniquely Indian challenges using AI, making them globally relevant, as per the BCG's recent report, India's AI Leap: BCG Perspective on Emerging Challengers. India's startup ecosystem is keeping pace with more than 4,500 AI startups, 40 per cent launched in just the last three years. The country is fostering innovation across sectors, from healthtech and agritech to logistics and fintech. Many of these ventures are laser-focused on solving uniquely Indian challenges using AI, making their solutions globally relevant, as highlighted in BCG's recent report, India's AI Leap: BCG Perspective on Emerging Challengers. All signs point to a tech transformation on the horizon. The next decade could bring mass adoption of AI across Indian industries—an adventure we're just beginning to witness. However, the road to scaling remains bumpy. Despite the buzz, venture-backed startup failures remain alarmingly high. According to forge 9 out of 10 startups don't make it. By the end of the first year, 20 per cent fail; by the fifth year, that number jumps to 50 per cent, and by the tenth, nearly 70 per cent are gone. Only 1 per cent ever become household names. And, for first-time founders, the success rate is just 18 per cent. These facts are not interesting for the growth of startup ecosystem. So what's slowing India's AI dream? A Steep Climb "India is standing on the brink of an AI revolution, driven by a rich talent pool and increasing enterprise appetite for transformation. Yet, for many AI startups, the leap from innovation to scale remains steep," said Rishi Verma, Head – AI Centre of Excellence, FSS. According to him, less than 20 per cent of AI startups in India transition from pilot to production due to bottlenecks like limited access to compute infrastructure, fragmented data ecosystems, and the complex demands of enterprise integration. Even when there is a clear product-market fit, the cost of scaling is crushing. "Training or fine-tuning advanced models is expensive. GPU hours add up quickly, and maintaining healthy margins becomes difficult, especially when clients expect free PoCs," explained Nitin Lahoti, Co-founder & Chief Sales Officer at Mobisoft Infotech. Startups often spend months building unpaid proofs-of-concept, only for enterprises to back out or delay procurement due to budget shifts or internal friction. Missing Pieces "The policy runway is full of potholes," pointed out Shailesh Dhuri, CEO of Decimal Point Analytics. He added that while India is the fastest-growing country in AI patent filings, it still lags far behind China and the U.S. in volume. The lack of defensible IP makes it harder for startups to raise capital at strong valuations. On top of that, seed capital is relatively accessible, but deep-tech ventures struggle with follow-on funding. "Training even a mid-sized 7B parameter model costs USD 2–3 million in GPUs alone. Most Indian cheques top out at USD 2 million," he said. India's compute infrastructure is also lagging. While the government's IndiaAI Mission has made strides, only around 15,000 GPUs are expected to be available in the short term far behind global standards. Vernacular Gen-AI Lead Growth Despite the hurdles, several segments are witnessing strong tailwinds. The Indian BFSI sector is projected to grow its AI investments at a CAGR of over 33 per cent till 2030. "What excites me most is the evolving collaboration model between enterprises and AI startups," added Rishi Verma. "Over 65 per cent of Indian corporates are now co-developing AI solutions with startups. It's not just about outsourcing innovation, it's about co-authoring the future." Nirmit Parikh, Co-founder and CEO at Apna, echoed a similar sentiment, highlighting a surge in AI-powered recruitment platforms and virtual assistants. "The AI recruitment market in India was valued at USD 661.56 million in 2023 and is projected to reach USD 1,119.80 million by 2030. Meanwhile, the conversational AI market is expected to grow at a 25.1 per cent CAGR," he said. Apna, for instance, has partnered with Google Cloud to scale AI-driven hiring and interview-prep solutions, helping users access real-time, on-demand support. Gaurav Kachhawa, CPO at Gupshup, sees similar momentum in fintech, D2C, CPG, and even automotive sectors. "Our Petromin AI Agent helps users get real-time car service support via WhatsApp during emergencies. It's these kinds of hyper-contextual, AI-driven experiences that are driving growth," he said. Akhil Gupta, Co-founder and CPTO at NoBroker, believes agentic AI is a game changer, especially in high-touch sectors like healthcare, e-commerce, and BFSI. "Businesses want intelligent, multilingual systems that can respond naturally, solve queries, and even anticipate intent. We're seeing strong demand for voice-first AI and sentiment analysis tools that go beyond automation to deliver strategic insights," he said.
