The Tech Panda takes a look at how India has been tying up with business hubs like Switzerland to work on global wealth and asset management. At the same time, Indian companies are expanding to the Middle East and the US in MedTech, gaming, energy, and space.
April saw a couple of foreign launches. Nextiva, a US based AI-powered communication and customer experience platform launched a 35,000-square-foot innovation hub in Bengaluru, its largest outside the US. Arya.ai, an Aurionpro Company, launched ‘The AryaXAI AI Alignment Lab’ in Paris and Mumbai to accelerate research in the verticals of AI Explainability and Alignment. Also, Alcatel, the French consumer technology brand, tied up with Flipkart to launch its latest range of smartphones on both Flipkart’s main platform and its quick commerce arm, FK Minutes. The brand’s “Make in India” smartphones will combine premium innovation, stylish French design targeting digitally savvy consumers across metros, Tier II, and Tier III cities.
OUTBOUND
Energy: Indian Power Solutions Leader Heads to Middle East with Next-Gen Energy Solutions
Just days after its strategic partnership in the Philippines to enhance energy reliability across the ASEAN region, Indian firm in the power solutions space Best Power Equipments (BPE) is now headed to the Middle East to create yet another milestone. Flagging off an era of next-generation, futuristic power solutions ecosystem in the Middle East, BPE has inked a landmark deal worth $2 million with P&C, the leading system integration partners of Schneider Electric (APC) in the domain of Power and Cooling solutions for Data Centers and Enterprise infrastructure.
“We are glad to join forces with an entity like P&C to develop advanced, energy-efficient and scalable power infrastructure solutions, tailored specifically for the Middle East region. This collaboration will lay particular emphasis on mission-critical environments like data centers, telecom, and enterprise facilities. After Philippines and other ASEAN regions, this partnership reinforces our commitment to innovation and reliability, and further strengthens our position in the UAE and broader GCC region as a key player in powering the digital future,” said BPE Founder and Group MD Amitansu Satpathy.
Marking a new chapter in BPE’s global expansion journey, the announcement was made at the prestigious Middle East Energy (MEE) Exhibition 2025, hosted recently in UAE. The development comes shortly after BPE announced a strategic partnership with a leading name in the Philippines’ energy sector, TOTALPower. As part of the partnership, advanced power infrastructure solutions are slated to be delivered in Philippines as well as other ASEAN regions. The objective is enhancing the energy reliability across industries, including commercial establishments, data centers, industrial facilities etc.
Space: Indian Aerospace Expands into US
Bengaluru’s Bellatrix Aerospace, a satellite propulsion manufacturer, is expanding to the US with the establishment of a new subsidiary and the appointment of Chris Macdonald as its Vice President to lead the initiative.
With over 17 years of experience in the space and energy sectors, MacDonald will be instrumental in driving Bellatrix’s growth in U.S. commercial space market. To cater to the US propulsion market, Bellatrix Aerospace has opened a subsidiary in Delaware.
Yashas Karanam, COO & Co-Founder of Bellatrix Aerospace, said, “Chris’s appointment marks a crucial step in our journey as we expand into the U.S. This marks an important milestone in our growth journey. Expanding into the U.S. has always been one of our top priorities, and with three consecutive successful propulsion missions, we believe our expertise in propulsion, reliability, and repeatable process excellence is a perfect fit for the rapidly growing U.S. commercial market and our products are a perfect fit for the US Satellite Constellations.”
MedTech: Mumbai Based Medtech Enters US Market with US$1 M Order
Mumbai based Lords Mark Industries Limited, through its subsidiary Lord’s Mark Global LLC, has made a strategic entry into the United States market by securing its first major order valued at approximately $1 million. The order includes Contactless Remote Patient Monitoring (RPM) and AI-Based Early Warning Systems (EWS)—state-of-the-art healthcare solutions developed and manufactured in India by Lord’s Mark Industries. These advanced systems provide real-time patient monitoring, predictive analytics, and seamless Electronic Health Record (EHR) integration, offering a revolutionary approach to patient care.
Sachidanand Upadhyay, Managing Director, Lord’s Mark Industries Ltd., said, “This entry into the US market is a testament to our commitment to innovation and excellence. Our AI-powered and contactless monitoring solutions align with the future of global healthcare, and we are proud to represent Indian technological capabilities on the world stage.”
This breakthrough in the US market signifies a new era of Indian MedTech exports, driving innovation and accessibility in healthcare worldwide. Lord’s Mark Industries operates through key subsidiaries, including LordsMed, Lord’s Mark Insurance Broking Limited, Lord’s Mark Biotech, Lords Mark Microbiotech, and Lords Automative Private Limited, along with verticals in renewable energy products and paper.
Gaming: Indian Co. Backs Saudi Racing Game
Bengaluru’s Jetapult has been backing Saudi Arabia based UMX Studios, leading to the release of DriftX, a mobile car simulation racing game that combines fast-paced competitive action with immersive gameplay. The game has surpassed many global titles, crossing 1.8 million downloads with its beta, and is aiming for 15 million downloads by year’s end. Furthermore, the game hit #1 in the Middle East and smashed through top charts across regions such as the US on both the App Store and Google Play.
UMX Studios recently secured a $4.5 million investment from Jetapult to accelerate its growth. Through its strategic Invest & Operate model, Jetapult provides more than just financial support; it also equips gaming studios with access to top-tier game design expertise, publishing guidance, and cutting-edge AI tools, all aimed at fostering long-term success. UMX Studios worked closely with Jetapult’s experts, including Creative Director Angelo Lobo (renowned for his contributions to CSR2 and Farmville 2) and witnessed a 35%+ increase in user revenue (ARPDAU). The collaboration helped enhance the user’s multiplayer gameplay experience, balancing the game’s economy and social dynamics.
Ali Alharbi, CEO of UMX Studios, commented, “Our collaboration with Jetapult has helped us refine the game and accelerate its growth. The response to DriftX has been amazing and we continue to focus on innovation and community-driven gameplay. We are confident that we will play a key role in redefining the mobile racing genre globally.”
Sharan Tulsiani, CEO & Co-Founder of Jetapult, added, “DriftX’s rapid success is a perfect example of what happens when talented studios like UMX are empowered with the right resources and expertise.”
INBOUND
Finance: Indian & Swiss Wealth & Asset Management Firms Tie Up
360 ONE WAM Ltd (“360 ONE”), Indian independent wealth and asset management firms, tied up with UBS, Swiss wealth managers and universal banking firm. This exclusive strategic collaboration combines 360 ONE’s local knowledge and reach with UBS’s global and regional expertise to deliver enhanced benefits to clients.
As part of this collaboration, it is proposed that clients from both institutions will have access to onshore and offshore wealth management solutions. Potential collaborative opportunities for asset management products and investment banking services will also be explored.
In addition, 360 ONE will acquire UBS’s onshore wealth management business in India through its subsidiaries. UBS will also purchase warrants amounting to 4.95% stake in 360 ONE, demonstrating UBS’s commitment to the fast-growing ultra and high-net-worth Indian market. The entire transaction will be subject to the necessary regulatory approvals.
A joint committee led by senior leadership from both institutions will be established to explore growth opportunities. This is a first step towards a powerful collaboration, which will further enhance the value proposition and unlock synergies for our clients and employees.
Akhil Gupta, Chairman, 360 ONE WAM, said, “This collaboration represents a strategic leap forward for both 360 ONE WAM and UBS AG—one that strengthens our position as a market leader in India and UBS’s offering as the wealth manager of choice for Global Indians. With this transaction, it opens the way for a global, personalized, and sophisticated wealth management experience for both sets of clients as well as significant value enhancement to our employees and shareholders.”
