India’s Toy Giant Funskool Goes Global

Company targets turnover of over INR 400 crore in FY 2026–27

Funskool India Limited, India’s leading toy company, is expanding its international portfolio through a growing network of licensing, manufacturing and distribution partnerships with some of the world’s most respected toy brands. By combining these global partnerships with in-house product innovation and proven manufacturing strength, Funskool continues to offer Indian families one of the widest and most trusted ranges of toys in the country.

Strong Financial Momentum

KA Shabir, CEO , Funskool India Limited

Funskool crossed a turnover of INR 329 crore in FY 2025–26, demonstrating resilience and steady growth in a challenging global environment. Momentum has accelerated in FY 2026–27: in the first half of the year, exports have grown by over 30% and domestic business by over 20%. The company expects to close the year with healthy double-digit growth in both businesses and is targeting a turnover of over INR 400 crore, representing growth of more than 20%.

Manufacturing Strength and Responsible Growth

Over the past six years, Funskool has invested approximately INR 149 crore in expanding its manufacturing facilities and capabilities at Goa and Ranipet. These investments have strengthened our position as a global manufacturing partner, supported export growth, increased foreign exchange earnings and created significant employment opportunities in local communities. Notably, women account more than 70% of our workforce at our factories, reflecting our commitment to inclusive growth and women’s empowerment.

Funskool’s own brands and private label brands were exported to over 63 countries last year. While our own-brand exports currently represent a smaller share of our business compared to contract manufacturing for international brands, we continue to invest in new product development, innovation and portfolio expansion. Our long-term vision is to build Funskool into a stronger Indian toy brand with a growing presence in international markets.

A World of Play, Made Accessible in India

Funskool continues to strengthen its portfolio through strategic partnerships with leading international toy companies, including Simba Toys (Germany), Moltó (Spain), Dr. Wood (Australia), Buffalo Games (USA), Sanrio (Japan), Spin Master (Canada) and Asmodee (France).

Leveraging its strong manufacturing capabilities and extensive distribution network across India, Funskool brings globally popular toys and games to Indian consumers, either through licensed manufacturing at its own facilities or direct distribution. These partnerships enable Funskool to offer a diverse range of international products across age groups, play categories and price points.
The latest additions to Funskool’s portfolio include musical toys, activity toys, puzzles, strategy games and imaginative pretend-play sets, designed to encourage creativity, problem solving, sensory development and interactive learning.

Building on the successful introduction of popular properties such as Hello Kitty from Sanrio and PAW Patrol from Spin Master, Funskool is further expanding its licensed portfolio with new properties, including Coco melon from Moon bug Entertainment, while continuing to strengthen relationships with its existing global partners.

Mr. K.A. Shabir, CEO, Funskool India Ltd., said: “Indian consumers today are increasingly looking for toys that offer a combination of quality, safety, innovation and play value. Our partnerships with leading global toy companies enable us to bring some of the world’s most loved brands to Indian children. What sets Funskool apart is our ability to combine these international partnerships with our own manufacturing strengths and extensive distribution network, making world-class toys accessible and affordable to families across India. We remain committed to bringing the best of global play experiences to Indian homes.”

Homegrown Innovation

Innovation and new product development remain central to Funskool’s growth strategy. With a dedicated in-house design and development centre, Funskool has the capability to take products from concept and design through tooling, development and manufacturing. This integrated approach enables the company to introduce approximately 50–60 new products every year, strengthening its portfolio across multiple play categories.

Alongside its international brands, Funskool continues to invest in developing its own home grown products. Its latest offerings include Blazetrix friction powered vehicles, Quilling Art and Paper Craft in the arts and crafts segment, Fairy Makeover in creative play, and the WOOD’E Learning Bus in educational toys. These products are designed to encourage creativity, imagination, problem-solving, motor skills and learning through play, catering to children across different age groups and interests.

Looking ahead, Funskool remains committed to strengthening its own brands while expanding its international partnerships. By combining in house innovation, world class manufacturing capabilities and a strong nationwide distribution network, the company aims to make quality, innovative and engaging toys accessible to children across India, while building a stronger global presence for Indian designed and manufactured toys.

Our International Partners

Simba Toys, Germany

Founded in 1982, Simba Toys brings together a family of brands covering a wide range of toys and games for children of every age.
Its ABC brand nurtures the natural curiosity of babies and toddlers as they discover the world around them.

Funskool launched its first Simba ABC products in India in April 2026 with My Hammer Bench and Magic Cube Sea World.

Funskool now manufactures and distributes My Music Set (12 months+) and My Magic Cube Puzzle Set – Animals (18 months+), designed to support sensory development, creativity, fine motor skills and problem-solving.

Moltó, Spain

Founded in 1955 by Pedro Moltó Valero, Moltó specialises in educational and early-childhood toys, including activity toys, ride-ons, construction toys, play kitchens, tricycles and baby products.

Funskool introduced Moltó to India in 2025, beginning with its truck series.
Funskool now manufactures and distributes My Lady Bug (18 months+) and My Activity Farm (12 months+), which support fine motor skills, hand–eye coordination, shape recognition and sensory exploration.

Dr. Wood, Australia

Created by Australian puzzle designer Dr. Mark T. Wood, Dr. Wood puzzles are known for brain-training challenges that combine creativity with problem-solving and spatial reasoning.
Mindwork Games holds the licence in India, with Funskool as its distribution partner.
Funskool distributes The Kaleidoscope Classic (6 years+), an 18-piece pattern-building puzzle that encourages logical thinking, spatial awareness and creativity.

Buffalo Games, USA

Founded in 1986, Buffalo Games creates a diverse range of board games, jigsaw puzzles, party games, arts and crafts, and educational products.

Funskool produces and distributes Sushi Go! (8 years+), a fast-paced card game that builds strategy, decision-making and social play, and Outfoxed! (5 years+), a cooperative mystery game that develops observation, deduction and problem-solving skills.

Sanrio, Japan

Founded in 1960, Sanrio is a character and lifestyle brand that creates and licenses beloved characters across toys, stationery, fashion, accessories and lifestyle products. Hello Kitty, created in 1974, is its most recognised character, celebrating friendship, kindness and sharing happiness.

Funskool launched its first Hello Kitty and Friends products in India in April 2026: Weaving Beads, Shakky Charms and Coin Bank.
Under its Fundough range, Funskool produces and distributes Hello Kitty Donut Party (3 years+), a food-themed pretend-play set that encourages creativity, imagination, communication and fine motor skills.

Spin Master Corp. (TSX: TOY), Canada

Spin Master is a global children’s entertainment company operating across toys, entertainment and digital games, with distribution in over 100 countries and brands including PAW Patrol®, Hatchimals®, Bakugan® and Rubik’s® Cube.
Spin Master Entertainment creates multiplatform content, including PAW Patrol, original shows, short-form series and feature films, and licenses popular properties worldwide.

Funskool produces and distributes the PAW Patrol Dino Team Pack and Dino Themed Vehicles (3 years+), featuring Chase, Marshall, Skye, Rubble, Rocky and Zuma, inspiring imaginative play.

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About Funskool India Limited

Funskool India Limited is India’s leading toy manufacturer, promoted by the MRF Group. Since beginning commercial operations in 1987, Funskool has pioneered quality and safety in Indian toys and raised standards across the market. With state-of-the-art manufacturing facilities in Goa and Ranipet and the largest range of toys offered by any Indian company, Funskool has something for every child and every parent. Its mission is to help every Indian child grow up with quality toys that contribute to their development, and to encourage parents to see toys as a valuable investment in that growth.

India’s Namma Yatri Model Heads to Europe: MTI Brings Open Mobility to Global Cities

MTI takes its India-built open mobility model to the World Economic Forum in Geneva.

Moving Tech Innovations (MTI), the Bengaluru-based company behind Namma Yatri, whose platforms have facilitated close to 200 million trips in India with drivers paying zero commission, plans to help major European cities build open, sovereign mobility infrastructure.

MTI was invited to the World Economic Forum’s Urban Transformation Summit 2026 in Geneva this week to share how cities can adapt technology for their local needs while still getting the benefits of scale, and why strong local partnerships are key to making it work.
“For decades, many of the big ideas in urban mobility came to India from elsewhere. Now ideas built with Bengaluru’s auto drivers, Chennai’s commuters and Gujarat Driver Cooperatives are finding global relevance,” said Shan MS, Co-founder, MTI.

“We are not importing an Indian app. We are bringing what MTI started in India - open infrastructure, community participation, and technology at population scale. We are building with cities and local ecosystems shaped by local needs and priorities.” added MTI Europe MD, Mohit Mishra.

MTI has carried out significant steps in its Europe journey so far, highlighted by:

• Acquisition of Netherlands-based Automicle established its European base.
• Partnership with Dutch foundation Stichting FINOMAD to advance Open Public Mobility in Europe.

Global audiences at the WEF were briefed on MTI’s future approach, including plans to collaborate with major European cities to build open, sovereign public mobility infrastructure. This will let cities retain control over policy and data, while operators retain their independence.

MTI’s presence at WEF illustrates its experience in redefining mobility in India through its principle of bringing together Samaaj, Sarkaar, Bazaar (Community, Government and Business – the three pillars of socio-economic growth) to achieve integrated, affordable and sustainable mobility for all. MTI has worked with cities, drivers, and communities to build a Public Mobility Infrastructure that is open, locally governed, and adapted to each city.

UPI, a core component of the ‘India Stack’, is a prime example of Digital Public Infrastructure in India. The technology showed the world that open, shared digital rails can propel an entire economy, the size of India. Built as part of India’s Digital Public Infrastructure, it became a global reference point for how technology can work at population scale.

MTI believes mobility can follow the same path: common infrastructure that many players can build on, with cities, operators, drivers and communities holding the controls. Built and proven in India, that model is now travelling to Europe.

MTI’s technology powers Namma Yatri, Chennai One, Yatri Sathi, Kerala Savaari, Odisha Yatri and Bharat Taxi, which together have facilitated close to 200 million trips to date. The platforms are built on the Beckn Protocol, an open-source, decentralized technical standard that enables peer-to-peer digital commerce and service transactions across different platforms. The platforms are also connected to India’s ONDC network, enabling drivers to retain 100% of fares through a subscription-led model. MTI is now taking this model to Europe.

About Moving Tech Innovations (MTI)

Moving Tech Innovations (MTI) builds public mobility infrastructure for cities and communities, guided by the Samaaj, Sarkaar, Bazaar principle of community, government, and business building together. Its technology powers Namma Yatri, Chennai One, Yatri Sathi, Kerala Savaari, Odisha Yatri, and Bharat Taxi, which together have facilitated more than 200 million trips. Built on the open Beckn Protocol and connected to India’s ONDC network, MTI’s mobility platforms enable drivers to retain 100% of fares through a subscription-led model. MTI was spun out of Juspay in November 2023 and is headquartered in Bengaluru, with its European subsidiary headquartered in Amsterdam.

Shark Tank India 6 Launches Young Founders Special, Empowering Student Entrepreneurs to Pitch Bold Ideas to the Sharks

Some of the biggest ideas begin in the smallest classrooms. From school projects and sketches to breakthrough innovations, entrepreneurial ambition has no age limit. As part of Shark Tank India 6, the Young Founders Special is now open for registrations, creating a dedicated platform for young entrepreneurs to pitch their ventures to the Sharks and take their ideas from concept to company.

Anupam Mittal , Founder & CEO People Group said, Children are curious, and I’m often amazed by how sharp and vivid their imagination can be. Shark Tank India 6's Young Founders Special will be exciting. It's a great platform for these budding entrepreneurs to approach challenges and turn their ideas into possibilities.

Your age doesn't define your potential. Your idea does.

Promo Link: https://youtu.be/F0YrCPT98Ik

Registration Link: https://sharktank.sonyliv.com/youngfounder/

Colt DCS and RMZ Break Ground on AI‑Ready Mega Data Centre in Mumbai, Driving $1.7B Digital Infrastructure Expansion

• Part of a $1.7 billion investment under Colt DCS and RMZ's joint venture to develop data centre capacity across India. 
• Signs its first hyperscale client for Mumbai 3
• AI-ready facility delivering 64MW upon completion, powered entirely by renewable energy
• Hybrid cooling design incorporating a closed-loop cooling system to enable near-zero wastewater. 
• Expected to create more than 700 jobs across construction and operations

Colt Data Centre Services (Colt DCS), a global provider of AI-ready, hyperscale and large enterprise data centres, and RMZ, India's largest privately owned real assets platform, today announced the commencement of construction of its third data centre in the city (Mumbai 3), an AI-ready facility located at the operator's Navi Mumbai Campus that will deliver 64MW upon completion.

Mumbai 3 is being developed as part of Colt DCS and RMZ's joint venture (JV), announced in 2024, to invest $1.7 billion in the Indian data centre market. Ground preparation began in December 2025, and construction is now underway following the signing of the facility’s first hyperscale customer.

“The nature of data centre demand is evolving rapidly, with customers requiring larger deployments, higher rack densities and infrastructure capable of supporting increasingly intensive AI workloads. Mumbai 3 is designed to address these needs, further strengthening our Navi Mumbai Campus as a scalable and future-ready digital infrastructure platform,” said Pratap Mane, Country Head DCS, India.

“The next wave of digital growth will be driven by infrastructure that brings together scale, resilience, and speed to market. At Mumbai 3, we are developing a future-ready campus designed to enable hyperscalers and neo-cloud providers to scale seamlessly as their capacity and computing needs evolve,” said Deepak Chhabria, President, RMZ Digital Infrastructure.

Built for AI Deployments

Mumbai 3 has been designed to support AI workloads and high-density compute deployments, delivering 64MW of secured contracted power, supported by a hybrid cooling architecture that combines traditional air cooling with direct liquid-to-chip cooling. The facility will also benefit from a 220kV GIS substation located on campus, providing high levels of resilience and scalability, alongside carrier-neutral connectivity with access to high-capacity fibre routes.

Sustainable by Design, Creating Local Opportunity

• Operates using 100% renewable energy
• Closed-loop cooling system enabling near-zero wastewater
• Expected to create more than 700 jobs across construction and operations
• Supports local suppliers, contractors, and service providers

Joint Venture Commitment

As part of the JV, both organisations have committed to develop 250MW of data centre capacity across Mumbai and Chennai. The partnership brings together Colt DCS' global data centre expertise with RMZ's over two decades of experience in developing, owning and operating high-quality infrastructure in the Indian market.

About Colt DCS:
We design, build and operate data centres for global hyperscalers and large enterprises.
• Global portfolio includes 15 operational data centres, with 12 sites under development across 9 cities in the UK, Europe, and APAC.
• Over 25 years of experience in the data centre industry.
• Sustainability at the core, with Science Based Targets aligned to Net Zero Standard.
https://www.coltdcs.com

About RMZ:
RMZ is India's largest privately owned real assets platform, bringing together real assets and private capital across six Indian cities.
• Builds, owns and operates mixed-use GCC ecosystems hosting global enterprises.
• AI and data infrastructure serving India’s digital economy.
• Founded by Raj Menda and Manoj Menda in 2002, headquartered in Bengaluru.
https://www.rmz.com

LTM Secures Multi-million Dollar Managed Services Transformation Deal

To Build and Deploy an AI-led Managed Services Operating Model

LTM, the Business Creativity partner to the world's largest enterprises, today announced a multi-million-dollar agreement with a leading North American specialty engineering and construction company. The engagement consolidates infrastructure, cybersecurity and application administration managed services from multiple providers to LTM, with an initial three-year term.

As part of the agreement, LTM will build an AI-led managed services operating model designed to deliver outcome-driven services, incorporating observability and automation to ensure resilient technology services.

The engagement marks a significant step in the client's technology modernization journey, consolidating critical IT operations under a unified governance framework designed to enhance operational efficiency, improve service quality, and reduce management complexity. Leveraging its deep domain expertise and AI-centric managed services capabilities, LTM will consolidate infrastructure, cybersecurity, and application services into a streamlined, outcome-driven operating model that accelerates modernization while strengthening operational resilience.

"As enterprises modernize their technology landscapes, they are increasingly seeking strategic partners that can combine operational excellence with AI-driven innovation," said Rajesh Sundaram, Chief Business Officer, Manufacturing and Retail CPG, LTM. "This engagement reflects our ability to help clients unlock greater value from their technology investments, enhance business agility, and create a foundation for sustained growth through AI-enabled operations."

About LTM

LTM — a Larsen & Toubro Group company — is an AI-centric global technology services company and the Business Creativity partner to the world's largest enterprises. We bring human insights and intelligent systems together to help clients create greater value at the intersection of technology and domain expertise. Our capabilities span integrated operations, transformation, and Business AI—enabling new ways of working, new productivity paradigms, and new roads to value. Together with over 87,000 employees across 40 countries and our global network of partners, LTM owns outcomes for clients, helping them not just outperform the market, but Outcreate it. Read more at LTM.com.