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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The rise of operators like Halwasiya epitomises India’s current stock market boom led by unheard-of growth (or manipulation) in small, unheard-of stocks.
Aditya Halwasiya who?
The 29-year-old entrepreneur wasn’t exactly a name to be reckoned with in India’s business landscape until recently. In fact, his tryst with listed companies began in January last year when he bought a Rs 9.5 crore stake and earned a board seat at Apollo Micro Systems, a Hyderabad-based aerospace and defence equipment manufacturer. At the time, his biodata described him as a third-generation entrepreneur of the Kolkata-based Universal-Halwasiya group, which mostly deals in lubricants and oil and has a turnover of Rs 2,000 crore. Nothing to write home about, really.
But things heated up in September last …
2026 is on track to be the second-highest year ever for dealmaking in the MENA region.
A dismal track record in portfolio management services doesn’t help the firm as it takes its first steps in a crowded industry dominated by some heavyweights.
The startup isn’t sure where its future lies—in electric motorcycles or the more recently announced electric scooter? Unsurprisingly, none of the products have amounted to anything so far.
