Author: Sutun Nayak

Mumbai (Maharashtra) [India], March 23: Patel Retail Limited (BSE: 544487 | NSE: PATELRMART) a diversified retail and integrated food processing company, has announced the launch of its 50th Patel’s R Mart store located at Shop No. 1, 2, and 3, Govind Height, Opposite 90 Ft Road, Thakurli.

Strengthening its presence in the Mumbai Metropolitan Region (MMR), the company has expanded into Thakurli with the launch of its 50th store, catering to a rapidly growing residential catchment. The store is strategically located to serve a densely populated area, offering a comprehensive range of quality essentials, groceries, daily-need products, and household items at competitive price points.

With this milestone addition, the company not only expands its retail footprint but also reinforces its position as a rapidly scaling value retail chain in the region. The company continues to focus on enhancing accessibility and delivering a seamless shopping experience tailored to the needs of urban and suburban consumers.

The company’s expansion is backed by its integrated sourcing, packaging, and distribution capabilities, which drive cost efficiencies and ensure consistent product availability across stores. Crossing the 50-store mark represents a significant achievement in company’s growth journey and underscores its strong execution capabilities within the MMR market.

Commenting on the development, Mr. Dhanji Patel, Chairman & Managing Director of Patel Retail Limited, said: “The opening of our 50th store marks an important milestone in our growth journey and reflects the trust our customers have placed in us. Thakurli is an emerging residential hub, and this expansion enables us to further strengthen our connect with the community by offering essential products at compelling value.

We remain focused on expanding our presence across the Mumbai region while continuously enhancing customer experience, improving store productivity, and driving long-term value creation.”

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New Delhi [India], March 23: Treÿsta’s co-founders are dominating the  real estate market with trust and partnership, qualities that are ignored in this industry. Vaibhav is not new to this; he has real-world experience in the Indian market and really understands it in terms of how pricing works or what makes a good deal. However, Simran comes with a strong background in the Canadian real estate market and is particularly skilled at guiding high-net-worth individuals through their real estate investments, as she has developed her expertise by genuinely caring about her clients and being honest with them.

The special quality about this duo is their boldness to share the harsh reality. They were the first in the industry to point out that Dubai is not tax-free for Indian tax residents and due to which they rely on hawala transactions, which is highly recommended and could expose clients to serious risks. Despite the criticism they got from their peers in the real estate market, Vaibhav and Simran have always prioritised their commitment to putting their clients first. This is what sets Treÿsta apart in the highly crowded world of real estate.

Who Is Actually Looking Out for You in a market where commissions matter the most?

Are we talking about a family buying their first home or an investor trying to grow his portfolio? Whatever the situation, one thing is for sure, real estate is one industry that impacts the lives of almost everyone. And if buying even a single piece of real estate can involve months of research, investigation, trust, and money, then we already know it’s a big deal. The thing is, as much as many people wish to own property and grow through the real estate space, the space is complex, and, unfortunately, so are the incentives. While brokers are not incentivized by what is best for the investor, they are instead incentivized by what can get them the best commission.

Dubai is the fastest-growing real estate market, has seen growth in  demand over the last few years. With many investors and first-time homebuyers from all over the world, it has become the new hub for real estate, but, along with the increasing demand, the real estate industry has seen an increase in agents who are looking for the easy way out, builders who are over-promising, and consumers who are left without an honest guidance in one of the most important financial decisions of their lives.

About Treÿsta: A Real Estate Company Built on a Different Promise

Treÿsta, a real estate company based in Dubai, shows the company’s perspective in its name. Founded on the concept of trust, Treÿsta considers itself not only a real estate brokerage company but a company that operates on a set of values to ensure that all the players involved within a real estate transaction, whether a buyer, investor, broker, or developer, feel that their interests are being respected.

Treÿsta is based on two main aspects, each of which is equally important. The first is honesty with the investor, which makes sure every suggestion made to a buyer or investor is based on their goals, financial capabilities, and vision for the future. No project is recommended based on the fact that it has a higher commission attached to it. The second pillar is that of broker empowerment. Treÿsta knows that, just as agents are, brokers are also betrayed by the industry. Brokers are promised lucrative deals, percentage splits, incentive schemes, and performance bonuses, only for the promises to be reneged upon when it comes time to deliver. The Treysta team works on the belief that if you want integrity outside, it has to start inside first. Their people are not forced to sell projects; they are educated on how to deal with people.

Treÿsta is a business that moves forward with a double strength, the power to assess a situation with precision, and the power to connect with a client on a deeply human level.

Born From Trust, Built on Partnership

Treÿsta wasn’t born in a boardroom or a fancy office. It was born in an apartment in Dubai, where two cousins, not raised side by side, not always close, found something unique and trustworthy 

They had taken different paths, Vaibhav had spend years building in Dubai, he understood structures, foundations and what it meant for something to last the test of time. Meanwhile Simran had lived in Canada, seen different markets and realised how quickly desire can turn into corruption if left unchecked. 

The real turning point came on the day Simran landed in Dubai. She had faced her share of challenges as well as uncertainties, Vaibhav welcomed her with one invitation: “come, stay with me and see for yourself”.

Nights were spent talking, strolling across construction sites, witnessing the mess of an emerging market, brokers compromising on quality, customers not knowing who to trust, employees being ignored and undervalued. They clashed, disagreed and had debates. But one thing was certain, their values.

“This common principle was to become the very spine of Treÿsta.” One makes sure the foundation is solid. The other makes sure the vision works on a larger scale. One balances risk. The other balances opportunity. One makes sure the structure is secure. The other makes sure the relationship is secure. Together, they are a brother-sister duo in business, inseparable as they refuse to compromise on either.

Integrity as the Only Foundation That Never Wobbles

In a market where deals are made faster than ethics are given importance, Treÿsta’s commitment reminds us that the fastest deal is not always the best, and that a reputation built on trust is far longer-lasting than a commission-based  revenue.

The Dubai real estate market is a competitive, fast-paced, and sometimes it faces challenging environment. It is just this environment that makes Treÿsta not only praiseworthy but also necessary. As the market continues to grow and become more worldly, the need for trustworthy and client-centric real estate professionals will only increase.

Treÿsta was not formed to close deals, it was formed to win back the trust in a market that all too often seems to lose it. And it is the values and mindset shared between Simran and Vaibhav that make Treÿsta not just a real estate company but an assurance to clients, the team, and every investor who trusts in them.

To learn more about their unique Investor First Real Estate Advice approach, you can visit their website,  visit: https://www.treysta.ae.

Connect with the founders:

Vaibhav Setiya –

Instagram: https://www.instagram.com/vaibhav.treysta/

LinkedIn: https://www.linkedin.com/in/vaibhav-setiyaa/

Simran Sethi –

Instagram: https://www.instagram.com/simran_treysta/

LinkedIn: https://www.linkedin.com/in/simransethi1/

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Mumbai (Maharashtra) [India], March 23: Vivid Electromech Limited, with Over three decades of experience is engaged in the manufacturing of Low-Voltage (LV) & Medium-Voltage (MV) electric panels and provides system integration services primarily to Data Centers, Metro Projects and Solar & Renewable Energy sectors, proposes to open its Initial Public Offering on March 25, 2026, aiming to raise ₹ 130.53 Crores (at upper price band) with shares to be listed on the NSE Emerge platform.

The issue size is 23,52,000 equity shares with a face value of ₹ 10 each with a price band of ₹ 528 – ₹ 555 Per Share.

Equity Share Allocation

• QIB Anchor Portion – Upto 6,68,880 Equity Shares
• Qualified Institutional Buyer – Not more than 4,46,400 Equity Shares
• Non-Institutional Investors – Not less than 3,35,520Equity Shares
• Individual Investors – Not less than 7,82,400 Equity Shares
• Market Maker – Up to 1,18,800 Equity Shares

The net proceeds from the IPO will be utilized for Funding the capital expenditure requirements towards setting up of a new manufacturing unit in Ambernath, Repayment of certain borrowings, meet working capital Requirements and the general corporate purposes. The anchor bidding is onTuesday, March 24, 2026. The issue will open on Wednesday, March 25, 2026 and will close on Monday, March 30, 2026.

The Book Running Lead Manager to the Issue is HEM Securities Limited, and the Registrar is MUFG Intime India Private Limited.

Mr. Sameer Vishvanath Attavar, Chairman & Managing Director of Vivid Electromech Limited expressed, “India’s rapid expansion in data centres, metro rail, renewable energy and industrial infrastructure is creating a significant opportunity for high-quality electrical and electromechanical solutions. At Vivid Electromech, we have built a strong execution track record over the past three decades, and we are now entering the next phase of growth. Our upcoming IPO is aimed at scaling our manufacturing capacity and strengthening our balance sheet to capture this accelerating demand.

The proposed investment in a new manufacturing facility will substantially enhance our production capacity, improve operational efficiency and enable us to undertake larger and more complex turnkey projects. This expansion will also help reduce execution timelines, improve cost efficiencies and strengthen our ability to service multiple large orders simultaneously. With enhanced capacity, deeper presence in high-growth sectors and a strong order pipeline, we believe the company is well positioned to deliver sustainable long-term growth.”

Mr. Gaurav Jain, Director of HEM Securities Limited said“Vivid Electromech Limited has built a credible position in India’s electrical infrastructure ecosystem through long-standing partnerships with leading global and domestic electrical equipment companies. This foundation, combined with over three decades of experience in electrical panel manufacturing and system integration, has enabled the company to develop strong execution capabilities across data centres, metro infrastructure, renewable energy and industrial sectors. The company’s OEM associations with ABB, Lauritz Knudsen and Schneider Electric, along with authorizations for L&T and ABB platforms, further reinforce its technical expertise in delivering complex and customized electromechanical solutions.

Building on this strong base, the company is now expanding its manufacturing footprint through a new fully integrated facility at Ambernath, which is expected to result in over 3x capacity expansion. This enhanced scale, along with its existing integrated facilities in Navi Mumbai and Pune, is likely to improve execution capabilities and enable participation in larger, high-value projects. With strong sector tailwinds and a scalable operating model, the company is well positioned for its next phase of growth.”

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With the latest war in the Middle East continuing, the resultant oil and gas shock has started to cripple the developing world, with implications that could threaten more than just livelihoods

New Delhi [India], March 23: Throughout the years, we’ve filled up our tanks or our gas cylinders as soon as we needed one without battling an eyelid. That’s changed in the last two weeks, as people across the developing world now wonder how they’ll travel to work or cook their next meal, given the astronomical price rises or limited supply of petrol and CNG gas available.

Until February 28, no one cared about geopolitics, and how it could affect literally everyone around them. The US and Israel’s attacks on Iran and the subsequent bombing campaigns engulfing the Middle East is now a global concern, threatening the global economy as we know it.

The danger of taking a limited resource for granted

Almost 20% of the world’s supply of oil and natural gas passes through the Strait of Hormuz, a narrow passage most tankers have to pass through before it eventually reaches your petrol pump or kitchen for daily use. With this Strait now effectively blocked, the energy requirements of millions are now in jeopardy. 

For years, many countries didn’t think twice about its petrol or gas requirements, assuming that its shipments would keep coming as required, just like an unending supply of water. Many of them didn’t even consider keeping buffer stocks that could sponge the price shocks temporarily.

That costly mistake is showing up now, with never ending lines for petrol at pumps witnessed in Pakistan and Bangladesh and LPG shortages witnessed in India. Governments are now hoping for a ceasefire, or an immediate resumption of supplies as there are signs that the Strait is expected to partially open for shipments to developing countries.

Even though EV vehicles and induction cooktops have been around for quite some time, this emergency need has made them realise the importance of diversifying their energy needs.

The real challenge:Hyperinflation

If 2025 was known for US tariffs, 2026 is now being feared for ‘hyperinflation’ as uncertainty associated with sustained Middle Eastern energy supplies continues to worry everyone from governments, economists, businessmen and your mother’s grocery bills.

With no end to the war in sight, and with critical oil infrastructure being damaged across the Middle East, fears of a disruption in oil supplies remain a real possibility.

For millions of people living across the developing world, the near term risks could be higher prices of fuel and gas, even as interest in alternatives are being viewed keenly. The knock on effects on food, logistics and various essential services is already being witnessed,and things could get worse.

The question remains- how worse, and how much time will it take to get things in order?

There is renewed hope, but will that hope turn into a ceasefire?

That’s a question on everyone’s mind.

PNN Business

Mumbai (Maharashtra) [India], March 23: Dhruv Consultancy Services Limited. (DCSL) (BSE – 541302 | NSE – DHRUV), one of India’s established infrastructure consultancy firms, is pleased to announce that it has received the Letter of Award (LOA) from the National Highways Authority of India (NHAI) for providing Consultancy Services for the preparation of Detailed Project Report (DPR).

The project pertains to the capacity augmentation of the Varanasi–Jaunpur–Sultanpur–Lucknow stretch spanning approximately 44 km in the state of Uttar Pradesh. The contract has been awarded at a value of ₹3.95 Cr (excluding GST).

Project Overview

Under this mandate, the company will undertake comprehensive DPR preparation, including technical studies, feasibility assessments, and detailed planning for the capacity augmentation of this key highway corridor in Uttar Pradesh. The total project duration is 7 months.

This project marks another important addition to the company’s growing DPR consultancy portfolio and strengthens its positioning in the high-value design and engineering segment. It enhances the company’s credentials in handling complex highway infrastructure assignments, deepens its relationship with NHAI, and supports its strategy to expand presence across key geographies. 

Commenting on the development, Mrs. Tanvi Dandawate Auti, Managing Director, stated, “We are pleased to receive this DPR consultancy assignment from NHAI for an important highway corridor in Uttar Pradesh. This mandate reinforces our expertise in delivering detailed engineering and project preparation services for large-scale infrastructure projects. Our focus will be on delivering a high-quality, data-driven DPR that supports efficient project execution and long-term infrastructure development. We remain committed to maintaining the highest standards of technical excellence and timely delivery.

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Surat (Gujarat) [India], March 21: IBL Finance Ltd (NSE – IBLFL) a fintech-driven Non-Banking Financial Company has secured a LONG-TERM INVESTMENT GRADE rating of BBB- (Triple B Minus) with a Stable Outlook by the rating agency Acuité Ratings & Research Limited.

This achievement reflects the Company’s strong governance standards, prudent risk management practices, sound financial discipline, and robust compliance framework. The rating reinforces our credibility within the financial ecosystem and marks an important milestone in strengthening our market position and long-term growth strategy. With this rating, IBL Finance Limited is well-positioned to access capital at competitive rates, accelerate strategic investments, and further strengthen its leadership in the fintech-enabled lending space.

Key Strengths

1. Healthy Capital Structure

IBL Finance Limited maintains a strong capital position supported by a healthy net worth and comfortable capital adequacy levels. The Company has a net worth of ₹ 59.90 Crore as on September 30, 2025. IBLFL is listed on the NSE Emerge and successfully raised ₹ 33.40 Crore through its IPO in January 2024, strengthening its capital base to support future growth.

The Company’s gearing remained comfortable at 0.62x as on September 30, 2025, indicating adequate headroom for further borrowings. Additionally, the Company maintains a strong Capital to Risk-Weighted Assets Ratio (CRAR) of 57.27% as on September 30, 2025, significantly above regulatory requirements.

Post IPO, the promoters and the promoters group continue to hold approximately 63% shareholding, reflecting continued promoter commitment, while the remaining shareholding is held by public investors.

• Strong and Diversified Debt Resource Mix

The company has a well-diversified resource mix for debt raising. As of September 2025, approximately 21% of the total borrowings are raised through NCDs, while around 79% are sourced from Financial Institutions (FIs). Going forward, the company intends to further diversify its borrowing profile by raising funds through multiple channels, including NCDs, loans from FIs, and bank borrowings, with the objective of optimizing borrowing costs and maintaining a well-structured debt resource mix.

• Stable Asset Quality

The Company is engaged in Financial Institution (FI) lending and personal loans, with FI lending forming the core of its portfolio. As of September 30, 2025, approximately 90% of the Company’s AUM comprised FI lending to NBFCs (Secured), while the remaining portfolio consisted of personal loans.

As of September 30, 2025, the Company reported Gross NPA (GNPA) of 2.71% and Net NPA (NNPA) of 2.44%, indicating stable asset quality, compared to GNPA of 2.54% and NNPA of 1.99% as on March 31, 2025.

• Strategic Allocation of Lending Across Product Segments

The company has diversified its lending portfolio across multiple product segments through financing to Financial Institutions (FIs). As on September 2025, the portfolio (end use wise) is well distributed with 39.14% in Personal Loans, 15.65% in Business Loans (secured & unsecured), 12.00% in Vehicle Loans, 10.31% in Consumer Loans, 9.86% in Loan Against Property (LAP), 7.88% in Microfinance (MFI), and 5.16% in Gold Loan.

Financial Performance

Over the past few years, the Company has demonstrated strong and consistent financial growth with clear year-wise improvements across all key parameters. The Net Worth has increased significantly from ₹20.67 crore in FY 2022–23 to ₹59.90 crore as of September 2025, reflecting a robust growth of 190%. Similarly, Assets Under Management (AUM) have expanded sharply from ₹14.61 crore in FY 2022–23 to ₹94.13 crore in September 2025, marking an impressive growth of 544%, indicating strong business expansion and customer acquisition. On the profitability front, Profit Before Tax (PBT) has improved from ₹2.86 crore in FY 2022–23 to ₹2.99 crore in FY 2024–25, while Profit After Tax (PAT) has remained healthy, growing from ₹2.05 crore in FY 2022–23 to ₹2.36 crore in FY 2024–25, and standing at ₹1.24 crore for the half year ended FY 2025–26. In terms of asset quality, the Company has shown notable improvement with Gross NPA reducing from 5.19% in FY 2022–23 to 2.71% in September 2025, and Net NPA declining from 3.94% to 2.44% over the same period. Overall, the year-wise performance reflects a well-balanced growth strategy supported by improving profitability and strengthening asset quality.

About IBL Finance Limited

IBL Finance Limited (IBLFL), established in 2017, represents a new generation of financial services innovation in India. As a fintech-driven Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI) and listed on the NSE Emerge platform, stand at the intersection of traditional financial expertise and cutting-edge digital technology.

The Headquartered in Surat, Gujarat—one of India’s most dynamic business hubs—IBL Finance has established itself as a trusted financial partner for diverse customer segments. Our comprehensive product portfolio serves individuals seeking personal financial solutions and NBFCs looking for institutional funding partnerships. This diversified approach ensures that company remain resilient across market cycles while delivering consistent value to their stakeholders.

Since commencing operations in 2018, IBL Finance has achieved remarkable milestones: disbursing over ₹350+ crores in loans and serving 1.86+ lakh customers across India. This track record demonstrates company ability to scale operations efficiently while maintaining asset quality and customer satisfaction. Company’s pan-India presence ensures that it can serve customers wherever they operate, from metropolitan cities to tier-2 and tier-3 towns.

Disclaimer:Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political, or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. IBL Finance Ltd. will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.