logo
CLR Facility Services Secures USD 15 Mn Investment from BII

CLR Facility Services Secures USD 15 Mn Investment from BII

Entrepreneur19-06-2025
The funding will be directed toward CLR's nationwide expansion, workforce development, and vocational training initiatives aimed at empowering underserved communities across India.
You're reading Entrepreneur India, an international franchise of Entrepreneur Media.
British International Investment (BII), the UK's development finance institution and impact investor, has invested USD 15 million (approximately INR125 crore) in CLR Facility Services, a Pune-based integrated facility management firm.
The funding will be directed toward CLR's nationwide expansion, workforce development, and vocational training initiatives aimed at empowering underserved communities across India.
Founded in 2002 by Gaurav Pathak and Gautam Pathak, CLR Facility Services provides a broad range of facility management solutions, including cleaning, engineering and mechanical maintenance, and production support. Operating across nine Indian states, the company currently serves over 160 corporate clients and employs more than 20,000 blue-collar workers.
With the fresh capital infusion, CLR aims to more than double its workforce to 50,000 over the next five to seven years, with a particular focus on hiring women and individuals from underserved communities. Part of the investment will also fund the establishment of vocational training centres in tier II cities to enhance skill development for unskilled and semi-skilled workers.
"Partnering with BII marks a pivotal moment in our journey toward inclusive and sustainable growth. This investment will empower us to create more opportunities for our workforce, drive innovation in facility management, and extend our impact across new markets," said Gaurav Pathak and Gautam Pathak, Promoters and Directors of CLR Facility Services.
Beyond workforce expansion, CLR plans to strengthen its environmental and social risk management systems and improve health and safety protocols for its employees. Currently, women constitute approximately 25% of CLR's workforce, and the company is actively investing in structured training programs focused on upskilling and promoting inclusion.
BII's Managing Director and Head of India, Shilpa Kumar, commented, "In India, over 80% of the workforce, excluding agricultural workers, is in the blue and grey collar sectors that drive the country's economic growth. As the UK's DFI, we focus on supporting inclusive growth by enabling better job and training opportunities for underserved groups. We are delighted to support CLR's vision, which aligns with the Government of India's initiatives in driving inclusive employment."
The investment aligns with BII's broader strategy to foster productive, sustainable, and inclusive economies. With USD 10.8 billion in total net assets, BII is a founding member of the 2X Challenge, an initiative that has mobilised over USD 33.6 billion for women's economic empowerment, and has committed to directing at least 30% of new investments to climate finance between 2022 and 2026.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

India faces tough choices under US tariff pressure
India faces tough choices under US tariff pressure

News24

timean hour ago

  • News24

India faces tough choices under US tariff pressure

• For more financial news, go to the News24 Business front page. India faces an ultimatum from the United States with major political and economic ramifications both at home and abroad: end purchases of Russian oil or face painful tariffs. Prime Minister Narendra Modi, leader of the world's most populous nation and its fifth-biggest economy, must make some difficult decisions. US President Donald Trump has given longstanding ally India, one of the world's largest crude oil importers, three weeks to find alternative suppliers. Levies of 25 percent already in place will double to 50 percent if India doesn't strike a deal. For Trump, the August 27 deadline is a bid to strip Moscow of a key source of revenue for its military offensive in Ukraine. "It is a geopolitical ambush with a 21-day fuse", said Syed Akbaruddin, a former Indian diplomat to the United Nations, writing in the Times of India newspaper. How has India responded? New Delhi called Washington's move "unfair, unjustified and unreasonable". Modi has appeared defiant. He has not spoken directly about Trump but said on Thursday "India will never compromise" on the interests of its farmers. Agriculture employs vast numbers of people in India and has been a key sticking point in trade negotiations. It all seems a far cry from India's early hopes for special tariff treatment after Trump said in February he had found a "special bond" with Modi. "The resilience of US-India relations... is now being tested more than at any other time over the last 20 years," said Michael Kugelman, from the Asia Pacific Foundation of Canada. What is the impact on India? Russia accounted for nearly 36 percent of India's total crude oil imports in 2024, snapping up approximately 1.8 million barrels of cut-price Russian crude per day. Buying Russian oil saved India billions of dollars on import costs, keeping domestic fuel prices relatively stable. Switching suppliers will likely threaten price rises, but not doing so will hit India's exports. The Federation of Indian Export Organisations warned that the cost of additional US tariffs risked making many businesses "not viable". Urjit Patel, a former central bank governor, said Trump's threats were India's "worst fears". Without a deal, "a needless trade war" would likely ensue and "welfare loss is certain", he said in a post on social media. What has Modi done? Modi has sought to bolster ties with other allies. That includes calling Brazilian President Luiz Inacio Lula da Silva on Thursday, who said they had agreed on the need "to defend multilateralism". Ashok Malik, of business consultancy The Asia Group, told AFP: "There is a signal there, no question." India's national security adviser Ajit Doval met with Vladimir Putin in Moscow, saying the dates of a visit to India by the Russian president were "almost finalised". Modi, according to Indian media, might also visit China in late August. It would be Modi's first visit since 2018, although it has not been confirmed officially. India and neighbouring China have long competed for strategic influence across South Asia. Successive US administrations have seen India as a key partner with like-minded interests when it comes to China. "All those investments, all that painstaking work done by many US presidents and Indian prime ministers, is being put at risk," Malik said. "I have not seen the relationship so troubled since the early 1990s, to be honest. I'm not saying it's all over, but it is at risk." Can Modi change policy? Modi faces a potential domestic backlash if he is seen to bow to Washington. "India must stand firm, put its national interest first," the Indian Express newspaper wrote in an editorial. Opposition politicians are watching keenly. Mallikarjun Kharge, president of the key opposition Congress party, warned the government was "disastrously dithering". He also pointed to India's longstanding policy of "non-alignment". "Any nation that arbitrarily penalises India for our time-tested policy of strategic autonomy... doesn't understand the steel frame India is made of," Kharge said in a statement. However, retired diplomat Akbaruddin said there is still hope. New Delhi can be "smartly flexible", Akbaruddin said, suggesting that could mean "buying more US oil if it's priced competitively, or engaging Russia on the ceasefire issue".

Trump doubles India's tariffs to 50% as penalty for importing Russian oil
Trump doubles India's tariffs to 50% as penalty for importing Russian oil

Yahoo

time2 hours ago

  • Yahoo

Trump doubles India's tariffs to 50% as penalty for importing Russian oil

WASHINGTON − President Donald Trump signed an executive order imposing an additional 25% tariff on imports from India as a penalty for the country importing oil from Russia. The additional levy would double India's U.S. tariff rate to 50% following a previously announced 25% tariff set to go into effect Aug. 7 under a separate order Trump issued last week. Trump's Aug. 6 move marks the first time the president has deployed so-called "secondary tariffs" on Russian trading partners that he threatened if Russian President Vladimir Putin did not agree to a ceasefire to end his country's war in Ukraine. The additional 25% Indian tariff goes into effect in 21 days under the order. More: In historic move, Trump escalates trade battles with sweeping new tariffs around the world The action, which could further complicate U.S.-Indian relations, comes shortly after Reuters reported that Indian Prime Minister Narendra Modi would visit China for the first time in over seven years later this month. U.S.-India ties are facing their most serious crisis in years after talks with India failed to produce a trade agreement. More: Trump to add 25% tariff to Indian imports. Which everyday goods could be impacted? Trump has turned increasingly critical of Putin for continuing his country's military assault on Ukraine while expressing openness to a ceasefire to Trump in their private discussions. Trump on July 29 announced a 10-day deadline for Russia to agree to a ceasefire by Aug. 8 or face tariffs and sanctions. White House envoy Steve Witkoff met Aug. 6 with Putin in Moscow in a final effort by the Trump administration to convince the Russian leader to end fighting in Ukraine ahead of the deadline. Trump afterward called the meeting "highly productive," adding in a social media post that, "Everyone agrees this War must come to a close, and we will work towards that in the days and weeks to come." Still, it was not immediately clear whether Russia demonstrated enough progress toward peace for Trump to hold off on the penalties he's threatened. Contributing: Reuters Reach Joey Garrison on X @joeygarrison. This article originally appeared on USA TODAY: Trump doubles India's tariffs as a penalty for importing Russian oil Solve the daily Crossword

The S&P 500 is on the cusp of another record. How long can this bull keep dodging danger?
The S&P 500 is on the cusp of another record. How long can this bull keep dodging danger?

CNBC

time4 hours ago

  • CNBC

The S&P 500 is on the cusp of another record. How long can this bull keep dodging danger?

A week removed from a brutal payroll report that triggered worry over a tapped consumer and a trapped Federal Reserve, the broad stock indexes are back at the cusp of all-time highs, market volatility has returned to year-to-date lows and some investors are calling off the August hurricane watch. The S & P 500's 2.4% gain last week and the Nasdaq 100's 3.7% ramp to a new record was a matter of investors staying out of danger by hiding behind their big brothers, the mega-cap giants that have long acted both as defense and aggression in this bull market. The S & P 500 added around $850 billion in market capitalization during the week, and $400 billion was kicked in by Apple alone, which went from conspicuous laggard to market redeemer after a pledge to invest an incremental $100 billion in the U.S. seemed to exempt it from stiff tariffs on India-made iPhones. Sidestepping hazards has become an expert bit of footwork learned by this market. Can the earnings and macro hold up? The acute worry prompted by last week's steep downward revisions to payroll growth since the spring was allayed by resurgent market expectations of a Federal Reserve rate cut in September, abetted by a chorus of more dovish rhetoric. This is a typical and perhaps rational response, though won't necessarily stay unchallenged. Barclays U.S. equity strategist Venu Krishna suggests the market by early August had grown a bit complacent toward the macroeconomic trajectory, before investors were jolted to attention by the weak July payroll report a week ago Friday. He suggests, sensibly if not surprisingly, that, "Going forward, we think equities need support from both earnings and macro to continue working at these levels, which is complicated by the still-evolving tariff backdrop and challenging August seasonality." Meantime, a dozen S & P 500 stocks fell more than 10% last week, nearly all on poorly assessed earnings or outlooks, with Eli Lilly disgorging 18%, ON Semiconductor falling 16% and digital-ad marketplace Trade Desk collapsing 37%. The severe punishment of companies missing either official forecasts or investors' informal expectations has been a popular talking point in recent months, with Bank of America calculating that companies falling short on both revenue and earnings have seen their stocks lose more than triple the average amount seen over the past 25 years. Which speaks to the market having run far, fast and hot for four months, taking share prices far out on the thin branches just as corporate results were reported. And yet, such treacherous action is scarcely visible when looking at the S & P 500, which remains in a solid uptrend, just under 6,400, having flattened out the past two weeks well above what most would view as credible support around 6,150 – which is both the pre-Liberation Day peak from February and near the 50-day moving average. .SPX YTD mountain S & P 500, YTD Few take issue with the chart, but plenty of folks are uneasy about how it's managed to stay in fine form. Yes, the reasserted dominance of the few heavyweight stocks over the majority is the inescapable issue of the moment, again. Concentration risk Apollo strategist Torsten Slok, whose charts go viral (on a Wall Street scale), notes that Nvidia , at 8.2% of the S & P 500, is larger than any top-weighted stock since at least 1981 — and also likely the most expensive top index component since then on a price-to-earnings basis. Strategas Research ETF strategist Todd Sohn has been pointing out Nvidia's weight is not far below that of the entire healthcare sector. For sure, six stocks are a third of the S & P 500, the top ten around 40%. It's a winner-take-most index for a winner-take-most economy, in which AI is the source of most of the investor enthusiasm and AI-related capital spending is the key marginal source of GDP growth. These concentration issues shouldn't be dismissed as irrelevant or without risks, but they're not in themselves an indictment of the credibility or staying power of this market advance. And the prevailing anxiety around this arrangement among professional investors might be working to maintain a helpful reservoir of skepticism the tape can perhaps keep feeding from. The half-dozen biggest stocks are trouncing the field largely because they are the source of nearly all earnings outperformance. Granted, the equal-weighted S & P 500 over the past three years has lagged the annualized total return of the market-cap-weighted S & P 500 by seven percentage points (16.9% to 9.5%) but hey the equal-weight has returned 9.5%. The concern, of course, is that this is the equivalent of overdoing one of those now-trendy max-protein diets: It's based on a core of solid research about building healthy muscle, but too much protein can overwhelm the body's ability to metabolize it. We can't say for sure at what point this bulking regimen trips over into the high-risk zone, but we can monitor the vital signs. The Nasdaq 100 index is just about back up to 28-times next 12 months' forecast earnings, a level only exceeded in the past two decades during the manic Covid-pandemic rally. Here's a nifty side-by-side: Johnson & Johnson and Palantir Technologies are now roughly the same market value ($420 billion and $440 billion, respectively). That $420 billion in Johnson & Johnson is backed by $93 billion in 2025 revenue and an expected $26 billion in net income, not to mention a 200-year-old brand, a 3% dividend yield and one of only two triple-A-rated balance sheets left in the market. Note that both revenue and profits are projected to grow only about 4% next year. Palantir's $440 billion is perched atop just $4.1 billion in revenue this year, $1.6 billion in net income – but the company boasts one of the most profitable and fastest-growing software businesses seen in many years, if ever, and is clearly a favored partner to the current U.S. government and many companies for interpreting and shaping data, and the stock is the object of avid affection among a massive group of retail investors. Which stock one prefers is more a matter of temperament and priorities than some objective assessment. No appetite for value or defense We can similarly observe that the market is in an "Everybody wins" phase when it comes to the largest players in the AI buildout, on both the "hyperscaler" and hardware side. Investors are happily tolerating Microsoft and Meta spending most of what would otherwise be copious free cash flow on data centers supplied by the likes of Nvidia. One result: No more cash flow cushion for the spenders, and a bigger one for the top vendor. Some other long-term, slow-moving gauges are plumbing some extremes. There is virtually no appetite for traditional defensive stocks or value as a style category. The market isn't necessarily wrong here (railroads were the top sector in the equity market for much of the 19 th century; times change). But it's worth understanding what one owns when buying "the market" and where the set-up for long-term mean-reversion might lie. Note that it's a positive in the near term when cyclical stocks are beating defensives, as they are now. And for staples to work in a significant way, recession risk probably needs to rise quite a bit, while interest rates fall. As for any potential value resurgence, we're not quite as deep in the trough as in 1999, and much of the value relative comeback then came from expensive growth crashing rather than cheap stocks soaring. Aside from these market tectonics that might or might not shift soon, we have a tape drawing resilience from a collective belief that the economy can dodge the raindrops of sluggish job creation and hit-or-miss consumer trends through a capex boom and anticipation of easier monetary policy. Plausible for sure, but far from guaranteed.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store