Bansal said flyers can now enter lounges directly via Adani Airports’ digital platform. He said innovation by in-house digital lab enables seamless and direct access, adding that India’s fintech revolution proves middlemen can be eliminated.
The Adani Airports CEO said only companies that disrupt themselves will survive in a tech-led world.Dreamfolks on Wednesday, July 2, informed the stock exchanges of certain programme closures, which could have a material impact on its financials.
It said certain programmes that it runs for private lenders such as Axis Bank and ICICI Bank have been closed from July 1, 2025. It also mentioned that although some programmes were closed, the contracts with the clients were still valid.Kallat later came out strongly against what she described as pressure tactics by two large airport operators, who have entered the same line of business.
“The pressure which has been built up is to tell the clients that, in case they do not sign up with them or do business with them directly, they would actually stop their cardholder access to their airports,” Kallat said in an exclusive interview with CNBC-TV18 on Wednesday.
She made it clear that the company does not expect any backing from regulators in the matter. “We are a very small player in this market… and I don’t feel that any of the authority would be supportive for us, for obvious reasons, and that’s why we have actually not been to anyone, and we have not asked for any support,” Kallat said.
Kallat sough to assure shareholders, saying, “There are around 70 plus lounges in India. However, these airport operators… are holding around 35 to 40% of the lounges only, and the other lounges are still operational, and these programmes are still live on Dreamfolks platform.”
Shares of Dreamfolks Services declined nearly 6% on Thursday, July 3, to hit an intraday low of ₹211.05 apiece. The stock was trading 2.78% lower at ₹218.14 apiece at 2 10pm. The stock has declined 15% in the past month and 45% this year, so far.
Also Read: Upper Circuit Stocks: Bajel Projects shares surge 5% after another ₹400 crore order
