Inderbethal Singh Thakral, CEO of Thakral Services (India) Ltd, has announced plans to spin off the company's premium lifestyle business for a separate listing on the Singapore Exchange. This marks Thakral's third major spinoff in two years, following previous listings of GemLife and Beauty Tech Group.
Financial Performance and Growth
The lifestyle segment saw a 47% profit increase in H1 2026, exceeding the 25% growth target.
Revenue rose 33.6% to S$209.2 million, driven by strong performance in beauty, fragrance, and drone technology distribution.
Thakral's overall revenue grew 18% year-on-year to S$189.4 million, despite a S$22.3 million loss from quoted investments.
Opportunities in India
Thakral identifies India as a key growth market, particularly in lifestyle products and real estate. The company has expanded its distribution network in South Asia, focusing on DJI products through local partners like Reliance Digital and Croma.
Property Developments and Strategy
Thakral is increasing its stake in a Gurugram property project, aiming to unlock value while limiting construction exposure. The project includes a hospital and wellness center, managed by external developers under revenue-sharing agreements.
Strategic Vision
Bethal emphasizes Thakral's long-standing strategy of creating and unlocking value through selective investments and spinoffs. The focus remains on leveraging market opportunities and maintaining a strong presence in key sectors.