Author: Sutun Nayak

  • Sarvajanik University Represents India at Prestigious 19th World Sanskrit Conference in Nepal

    Sarvajanik University Represents India at Prestigious 19th World Sanskrit Conference in Nepal

    Surat (Gujarat) [India], July 5: The 19th World Sanskrit Conference, held in Kathmandu, Nepal, from 26th to 30th June 2025, emerged as a grand celebration of Sanskrit language, literature, and heritage. With participation from over 55 countries, the international gathering brought together renowned scholars and researchers to deliberate on the relevance, preservation, and future of Sanskrit.

    Sarvajanik Education Society and Sarvajanik University, Surat, earned global recognition through the active participation of Dr. Meeta Vansadia, Director, Chunilal Gandhi Vidyabhavan – the Research Centre of Sarvajanik University. Dr. Vansadia presented a scholarly paper titled:

    “Creating Digital Repository of AI-enhanced Manuscripts: An Active Project at Chunilal Gandhi Vidyabhavan, Sarvajanik University.”

    This research initiative highlights the university’s commitment to combining traditional knowledge with cutting-edge technology, ensuring the preservation and accessibility of ancient Sanskrit manuscripts in the digital age.

    The event was marked by stimulating paper presentations, cultural exchanges, and academic discussions that reinforced the global commitment to Sanskrit as a living heritage. Sarvajanik University’s contribution stood out as an example of how Indian institutions are embracing innovation in classical studies.

    Participation in such a prestigious event underscores Sarvajanik Education Society’s century-old legacy of promoting education and cultural scholarship, and the university’s growing role in international academic collaborations.

  • Jacqueline Fernandez, Sanya Malhotra and Jackie Shroff back Shriyam Bhagnani’s Sumo Didi

    Jacqueline Fernandez, Sanya Malhotra and Jackie Shroff back Shriyam Bhagnani’s Sumo Didi

    Mumbai (Maharashtra) [India], July 5: Sumo Didi, the upcoming biopic from Jio Studios, is making waves across the country even before its official release. The film, based on the true story of Hetal Dave, India’s first and only professional female sumo wrestler, has already won over some of the biggest names in entertainment, sport, and media, all celebrating her incredible journey. 

    The film is directed by Jayant Rohatgi, and stars Shriyam Bhagnani and Chaitanya Sharma in lead roles. It is produced by Jyoti Deshpande and written by Nikhil Sachan. While Hetal Dave’s journey is extraordinary, it was Jio Studios that recognized the power of her story when others may have overlooked it as niche. Choosing to back Sumo Didi — a film rooted in strength, resilience, and quiet rebellion — the studio is now being applauded as the film earns critical acclaim and early industry-wide admiration. In the past 10 days alone, over 73 celebrities and public figures have shown support for Sumo Didi, helping the film cross a cumulative digital reach of over 220 million — all without any official trailer or marketing push.

    Several notable personalities have taken to Instagram to share the film or support Hetal’s story. These include Jacqueline Fernandez, Remo D’Souza, Sangram Singh, Jackie Shroff, Sanya Malhotra, Rithvik Dhanjani, Flora Saini, Boman Irani, Rohit Roy, Aparshakti Khurana, Ankush Raja, Chef Ranveer Brar, Raghav Juyal, Saqib Ayub, Adinath Kothare, Ira Dubey, Akshay Oberoi, Shivam Gupta, Parveen Kumar, Steffi Kingham, Tisca Chopra, Aarya Babbar, Sahil Rasheed, and many more.

    This wave of support has been deeply moving for the team and for Hetal herself. A sport with no local precedent, no infrastructure, and very little visibility in India is now getting the spotlight it always deserved. The movement behind the film has been driven by sincerity, resilience, and genuine belief in the story — and it is beginning to reflect a larger sentiment in the country about celebrating real-life heroes. Hetal Dave shared, “I never imagined my journey would reach so many hearts. I am grateful to Jio Studios and the team for believing in this film. This support means everything.” 

    Even before the trailer has been released, the buzz surrounding Sumo Didi has turned it into something more than a film. It is beginning to look like a national moment — one that combines the power of storytelling with the authenticity of lived experience. Shriyam Bhagnani who plays the titular role will also be seen in Netflix and Dharmatics Aap Jaisa Koi streaming live in 11th July 2025 alongside R Madhavan and Fatima Sana Sheikh.

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  • Mumbai’s Komal Vaidya Takes Centre Stage with Silver Category Win at National Pageant

    Mumbai’s Komal Vaidya Takes Centre Stage with Silver Category Win at National Pageant

    Pune (Maharashtra) [India], July 5: A radiant celebration of individuality, strength, and purpose marked the grand finale of Mrs. India – Empress of the Nation 2025, where Mumbai’s Komal Vaidya emerged as the Winner in the Silver Category. The event, a brainchild of Anjana Mascarenhas and Karl Mascarenhas of Diva Pageants, was held on June 29, 2025 at HYATT Pune, bringing together women from across India who embodied grace, ambition, and transformation. That’s not all – she also bagged the subtitle of ‘Mrs Glamorous!

    Crowned with pride and humility, Komal’s journey is one of rediscovery – a powerful choice to put herself first after years of quietly prioritizing others. “This was a moment of choosing myself – and showing up, crown and all,” she shares. And was she nervous? “Absolutely,” she smiles. “But I was also ready. I had done the work. And it was time to live the moment.”

    An architect by education, a brand head by profession, a dancer by passion, and an animal welfare advocate by heart, Komal Vaidya is the embodiment of today’s multifaceted woman. With extensive experience in interior design and currently leading an e-commerce home décor brand, she seamlessly blends structure, creativity, and leadership — proving that ambition and artistry can go hand in hand.

    A trained Bharatnatyam dancer, Komal captivated audiences during the talent round with a graceful performance rooted in India’s rich hospitality traditions — a poetic reminder that elegance and strength often share the same rhythm.

    And who were her biggest inspirations that led her to participate in the pageant? Her unwavering family, especially her husband, Rishi Raj Barpujari, who summed up his pride in one heartfelt line, on her prestigious win – “I always knew you had it in you.” And undoubtedly the mentors who stood beside her – Anjana Ma’am and Karl Sir, whose guidance transformed courage into confidence.

    As she next prepares to represent India on the international stage, Komal remains grounded in purpose. She is passionate about animal welfare and women’s empowerment – causes she plans to champion globally. “For me, this crown isn’t just an accessory. It’s a symbol of every part of my journey – and every woman who’s still writing hers.”

    With elegance, empathy, and the heart of a changemaker, Komal Vaidya is more than a titleholder – she’s a voice for transformation, and she’s just getting started.

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  • This AI Startup Is Turning India’s Hiring Chaos into Quick Commerce

    This AI Startup Is Turning India’s Hiring Chaos into Quick Commerce

    New Delhi [India], July 5: Tallento.ai, a bootstrapped AI-driven recruitment platform, has crossed 1 million registered professionals and partnered with over 5,500 employers across India—redefining how talent is discovered, verified, and hired. By blending artificial intelligence, gamification, and mobile-first simplicity, the company is building what it calls “India’s Quick Commerce of Hiring”—bringing job matching down from weeks to minutes.

    Founded by alumni of IIT Guwahati, NIT, and IIMB, Tallento.ai has emerged as a purpose-driven alternative to traditional job portals. It combines AI-powered algorithms, gamified job journeys, and intuitive mobile-first design to enable companies to hire verified talent in minutes—dramatically reducing time-to-hire across sectors.

    “We asked a simple question: if groceries and cabs can arrive in 10 minutes, why does hiring still take 30 days?” said Sandeep Boora, Co-founder. “We’re solving for speed, relevance, and dignity—especially for young professionals entering the workforce.”

    Initially focused on EdTech hiring, Tallento.ai now works with top brands including Allen, Aakash Institute, PhysicsWallah, and Byju’s, enabling them to scale educator and operations hiring across India. With over 120 team members and zero external funding, the company has grown profitably, reflecting strong market demand and user trust.

    AI Startup - PNN

    Tallento.ai’s upcoming feature roadmap includes:
    – AI Mentorship Modules offering skill-gap analysis and personalized growth paths
    – Video-first Talent Showcases to replace static resumes with authentic storytelling
    – Voice and Regional Language Search to expand access for blue- and grey-collar workers
    – Emotional Wellness Tools to support candidates through job transitions
    – One-Click Verified Hiring for employers backed by AI-generated trust scores

    “Hiring is no longer just transactional,” said Neha Gopal Thakur, Co-founder. “We are building an ecosystem that empowers individuals, supports mental well-being, and ensures companies find the right talent, faster.”

    With a mission to serve Tier 2 and 3 India, Tallento.ai is democratizing job access across urban and semi-urban regions. It envisions becoming the backbone of hiring for high-growth sectors like IT, healthcare, retail, BFSI, and beyond.

    “India’s youth need fast, fair, and future-ready hiring,” said Tushar Saraf, Co-founder. “Tallento.ai is here to deliver that — without friction, delay, or exclusion.”

    About Tallento.ai
    Tallento.ai is a New Delhi-based recruitment and career platform that uses artificial intelligence and behavioral science to transform how India hires. It serves over 1 million professionals and 5,500+ employers, offering real-time job matching, verified hiring, and gamified candidate engagement across sectors. The company is entirely bootstrapped, profit-driven, and built to make hiring in India instant, inclusive, and intelligent.

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  • Synonym for Gearless Elevator Machine in India – Tectronics Techworld Pvt Ltd

    Synonym for Gearless Elevator Machine in India – Tectronics Techworld Pvt Ltd

    • India’s first company to offer 5-year warranty to customers
    • Strategic plan to increase the production from 12,000 machines per annum to 25,000 machines per annum.

    Rajkot (Gujarat) [India], July 4: One of India’s fastest-growing manufacturers of gearless elevator machines used in simple and high-altitude elevators, Rajkot’s Tectronics has successfully registered a number of achievements to its name. Tectronics was founded in 2014 in Rajkot, Gujarat. In just a decade, Tectronics has achieved a leading position in the industry on the basis of technical effectiveness, superior quality products and effective marketing strategy. Today Tectronics is known as India’s top gearless elevator machine manufacturing company.

    Tectronics has always produced products that are more convenient, maintenance-free and safe for its customers with new technology, providing easy service. The company is moving very fast with the main objective of providing satisfaction to every customer through its service network across India.

    Continuous research, innovative design and a customer-centric approach make it a leader in the industry. Its machines are based on state-of-the-art technology, which offers high performance with low noise and low energy consumption. The company makes portable and compact machines that are eco-friendly and can be absorbed in less space.

    Tectronics product range also includes patented models such as the RTG 32P 0606, which has specifications such as 32 Hz frequency and 32 pole configuration. Apart from this, various models like RTG Home Series, TG Series, RTG 24P Series, RTG 24P N Series, RTG 32P Series, RTG BD 06, RTG 16P Series and Over Speed Governor are also available, which have a load capacity ranging from 300 kg to 3000 kg. All products are CE-certified and have a 5-year warranty.

    Tectronics is an ISO 9001-2015 certified company. The production of each machine is carried out under strict quality control from start to finish and complies with international standards. The company currently has an annual production capacity of 12,000 machines and aims to scale it up to 25,000 machines in the coming time.

    The dealer network of Tectronics is operational in all the states of India. Tectronics is constantly providing a strong base for the future generation in the elevator market through new technology and solutions. The company has participated in several prestigious exhibitions in India and abroad, including the Elevator Show in Dubai in September 2024 and the Interlift Expo in Augsburg (Germany) in October 2023. Tectronics is committed to a long-term successful journey with its customers and entrepreneurs.

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  • Edtech leader Toprankers launches Lighthouse, a new personalised mentorship platform for students and parents

    Edtech leader Toprankers launches Lighthouse, a new personalised mentorship platform for students and parents

    New Delhi [India], July 4: Toprankers, one of India’s leading ed-tech platforms guiding students toward careers beyond engineering and medicine, is proud to announce the launch of its newest initiative, Lighthouse, today, July 4, 2025.

    At its core, Lighthouse by Toprankers is an intrapersonal mentorship ecosystem, combining the best of human guidance and AI-driven insights. It is built to enhance not only academic performance but also critical life skills by strengthening a student’s Emotional Quotient (EQ), Adversity Quotient (AQ), and Intelligence Quotient (IQ). The tailor-made mentorship programme will help students unlock their full potential through structured feedback, empathetic advice, and goal-focused planning, enabling better decision-making, personal growth, and long-term success.

    “Our students don’t just need academic coaching—they need holistic mentoring that prepares them for life,” said Karan Mehta, Co-founder of Toprankers. “Lighthouse is our response to what both students and parents have been asking for: clarity, structure, and support throughout the exam prep journey. By combining expert mentors with smart AI-based tracking, we’re helping learners perform better, think clearer, and grow faster.”

    Lighthouse also brings parents into the conversation, offering them monthly, balanced updates on their child’s academic and personal development. In addition, parents will receive decision-support mentoring, helping them make informed and thoughtful choices for their child’s educational path.

    With its launch, Lighthouse marks a significant shift in how mentorship is perceived and delivered in India’s competitive exam landscape. It’s not just about scoring higher, it’s about growing stronger, emotionally and intellectually, every step of the way.

    The launch of Lighthouse adds a powerful new dimension to the Toprankers House of Brands, which already includes some of the most trusted names in entrance exam preparation. These include LegalEdge by Toprankers (India’s No.1 platform for law entrance coaching), Supergrads by Toprankers (IPMAT and management entrance prep), Judiciary Gold by Toprankers (Judiciary exam preparation), CreativEdge by Toprankers (for design and architecture entrances), and Udaan by Toprankers (career counselling and school engagement programmes). With over ten lakh students taught and a strong track record of success across competitive fields, Toprankers is redefining how India learns.

    With their 50th offline centre launched in Bangalore and expanding its impact across digital and hybrid formats, Toprankers remains committed to student-first innovation. The launch of Lighthouse on 4th July 2025 is yet another step in delivering not just academic results, but empowered, self-aware individuals who are ready for life beyond exams.

    Toprankers is India’s leading institution for career counseling and entrance exam preparation, specializing in careers beyond engineering and medicine offering comprehensive preparation programs for students pursuing unconventional career paths in both undergraduate and postgraduate categories. Our courses cover a wide range of fields, including law, architecture, design, commerce, humanities, and management, through both online and offline classrooms.

    With a robust presence across India, Toprankers operates 50 regional centers in 25 cities, providing exceptional classroom education. With over 12k+ selections in India’s top national institutes and 10 lakh+ social media family, Toprankers continues to set the standard for excellence in test preparation, empowering students to achieve their academic goals.

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  • Indian Potash Limited’s Dr. Parvinder Singh Gahlaut supports Krishi Vigyan Kendras

    Indian Potash Limited’s Dr. Parvinder Singh Gahlaut supports Krishi Vigyan Kendras

    New Delhi [India], July 4: An industry is as empowered as its people. The same goes for agriculture in India. Time and again several measures have been introduced for the development and empowerment of people running the fields, which have in turn shown progress in the overall industry as well. Dr. Parvinder Singh Gahlaut, the super mind running Indian Potash Limited, says, “The real development isn’t happening only in laboratories or research centers. That’s where it begins. The real development happens on-ground, in-reality, and that’s something that has always needed more care, effort and attention.”

    One such measure that has been introduced in India is establishment of Krishi Vigyan Kendra’ (KVK’s), which literally translates to “Farm Science Centre”. The key role for the same is to ensure that all the agricultural research is applied in a practical and localized set up in the most efficient manner. It functions under the Indian Council of Agricultural Research (ICAR), Ministry of Agriculture and Farmers Welfare, Government of India. At the end of 2024, there are 731 nos. of total KVKs which have been established throughout India, which is a significant number in the industry. They are the sole district level institutions in India to support the implementation of tech in agriculture and allied sectors.

    The primary and most crucial role of KVKs is to be the bridge between research and practical application. It ensures that whatever is learnt, is also followed on ground and elevates productivity. Secondly, KVKs acknowledge the fact that every location has its own science and the training can’t be around ‘one shoe fits all’. They ensure that the farming community is trained based on the location and their relevant needs. In peri-urban areas, they also encourage horticulture activities (garden cultivation and management) for additional income generation. At the same time, they also ensure that gender inclusivity is followed efficiently as they emphasize on technological and economic empowerment of women on farms. All in all, they serve as a guiding light for the farmers where they might get isolated and find it hard to navigate the agricultural challenges.

    This process happens in various ways through multiple programs. The primary being – OFTs – ‘On farm trials’. OFTs ensure the viability of new techniques in real-world farming conditions. Secondly, KVKs also do FLDs- Frontline Demonstrations where they showcase new technologies and varieties to farmers to accelerate the adoption of improved technology, thereby boosting agricultural productivity. As per a survey 97.33% of KVK demo-farmers have better knowledge of paddy cultivation as compared to the non-demo farmers.

    KVKs also provide vocational training services which includes – organic farming, dairy & poultry management, mushroom production, raising of nurseries, skill development training for rural youth and women. For women, there are even more additional empowerment programs where they’re trained in food processing, kitchen gardening, vermicomposting and several others. Another key program is the promotion of self-help groups and inculcating entrepreneurship among women. “When we say farmers, we always assume it’s going to be a man. But times have changed. Women are just as capable as men and should be given support to practise farming. If they know how to cook food, they can definitely learn how to grow food as well. I’m glad that KVKs emphasize on empowering women in agriculture,” says Dr. P.S. Gahlaut from Indian Potash Limited (IPL).

    There are several other ways in which KVKs help and boost productivity in agriculture. Seed and planting material production is one of them where the centers produce good quality seeds and planting substances in order to distribute to the farmers. Thus, their role is not solely limited to educating farmers, but also equipping them with the right resources. They support public, private and voluntary sector initiatives in agriculture and serve as knowledge centers as well. Their farm visits, farmer- scientist interactions, awareness campaigns and so on ensure that farmers can be equipped in every way to navigate the challenges rising in agriculture.

    However, there’s still a long way to go because there are still challenges faced by KVKs. One of them being the limited reach and accessibility. Even though so many KVKs have been set up, there are still remote and marginal areas which KVKs don’t have access to. Small scale farmers receive their inputs at the very end due to absence of a strong network. While KVKs are developed, they still need stronger infrastructure for better functioning like well-equipped labs, demonstration farms, training facilities amidst many other needs. KVK staff is yet to bridge the gaps in knowledge and skills, particularly in the new advancements like climate smart agriculture, precision farming, digital technologies and so on.

    Despite the challenges, KVKs have still played an integral role in the development and their efforts have been appreciated and acknowledged. On 21st March, 2025, even Bill Gates, the former Microsoft CEO, visited KVK in New Delhi and witnessed the impact of agricultural drones.  He also had conversational sessions with women pilots (Drone Didis) who are modernizing agriculture with cutting-edge drone technology and making agriculture more profitable.

    While there’s still a long way to go, we still have come a long way in empowering farmers. Setting up of KVKs has ensured that they no longer feel alone in the journey and the Farm Science Centers help them during every step of farming.

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  • Mrutyunjay Mahapatra Unveils Decimal’s vConsent and Revamped Vahana Hub for BFSI

    Mrutyunjay Mahapatra Unveils Decimal’s vConsent and Revamped Vahana Hub for BFSI

    New Delhi [India], July 4: Decimal Technologies, a no-code platform revolutionizing enterprise application development, today announced the strategic revamp of Vahana Hub into a public marketplace of APIs and composable apps. The revamp coincides with the launch of the much-needed Consent Management Platform named vConsent, which complies with the DPDP Act.

    Highlights: 

    • Decimal Technologies revamps Vahana Hub into a public marketplace, offering 1,500+ APIs and composable apps to accelerate digital innovation and simplify integration for BFSI institutions.
    • Launch of vConsent, an enterprise-grade Consent Management Platform built to ensure seamless compliance with India’s DPDP Act, featuring multilingual support, omnichannel deployment, and enterprise-grade security.
    • Strategic focus on compliance, innovation, and customer trust, with Decimal enabling BFSI players to deliver scalable, secure, and transparent digital experiences through a composable and regulated ecosystem.

    This landmark announcement was made during an exclusive launch event held on July 1, 2025, at Decimal’s headquarters in Gurugram. The event welcomed leading BFSI institutions, technology partners, and clients, with Mrutyunjay Mahapatra—a distinguished industry leader and board member across India’s banking sector—joining as Chief Guest.

    This transformation and launch is designed to address long-standing challenges faced by banks, NBFCs, fintechs, and service providers, including fragmented vendor ecosystems, delayed go-lives, and the constant need for repeated compliance checks.

    The newly launched vConsent, a powerful, enterprise-grade Consent Management Platform built to help financial institutions seamlessly comply with India’s Digital Personal Data Protection (DPDP) Act, 2023.

    The Platform empowers data fiduciaries to obtain, manage, and revoke user consent with full transparency and accountability. vConsent features multilingual and multimedia consent collection in 22 Indian languages, omnichannel deployment, headless APIs, and MACH-based architecture for rapid innovation and compliance agility. Hosted on ISO 27001 and SOC 2 certified infrastructure, it provides enterprise-grade security and a seamless path to DPDP compliance.

    Vahana Hub goes beyond standard integration tools by focusing on the distinct demands of the BFSI landscape. It enables centralized API management, real-time monitoring, single whitelisting, and failover, eliminating operational inefficiencies and helping institutions shift their focus from firefighting to delivering meaningful customer experiences.

    The platform enables organizations to drastically reduce integration time and cost with plug-and-play, low-code/no-code APIs, unified usage analytics, and BYOK (Bring Your Own Key) support. It also empowers financial institutions to host and manage their own APIs and apps, fostering a collaborative and composable digital ecosystem.

    With BFSI institutions under pressure to build digital journeys rapidly while staying compliant, Vahana Hub emerges as a purpose-built ecosystem to simplify integration and accelerate innovation. It offers a growing library of over 1,500 APIs and apps across more than 30 use cases, supported by a network of 70+ trusted partners.

    The platform provides a single window for discovering, integrating, and managing digital capabilities—all within a secure and compliant framework aligned with RBI, UIDAI, and ISO standards.

    With this transformational milestone, Decimal Technologies reinforces its mission to build scalable, compliant, and secure digital infrastructure for the future of financial services.

    Mrutyunjay Mahapatra, Member Board Of Directors and Chairman Audit Committee, Reserve Bank Innovation Hub (RBIH) said that “In the data centric new world, the battle will be for Compliant data with verifiable consent.The Indian DPDP Act enjoins players on managing trust as a strong fiduciary responsibility. Due to this, the BFSI sector must reimagine and reposition it’s data handling processes and technology to demonstrate responsibility, transparency, and customer centricity. Innovation will be the key engine for growth with compliance. Players must create well governed, templatised and verifiable innovations to stay relevant and future ready”

    “The evolution of Vahana Hub into a public marketplace marks a transformative shift in how the financial services industry can access and deliver next-generation digital capabilities,” said Lalit Mehta, CEO, Decimal Technologies. “We are enabling institutions to innovate with speed and confidence by providing composable, secure, and intelligent building blocks for digital experiences.”

    “vConsent represents our commitment to helping the BFSI sector stay ahead of regulatory expectations without compromising on user experience,” said Dinesh Parekh, COO, Decimal Technologies. “It’s more than a compliance tool, it’s a trust enabler, designed to make data transparency and accountability the new standard.”

    With this transformational change, Decimal Technologies reinforces its mission to build scalable, secure, and compliant digital infrastructure for the future of financial services.

    About Decimal Technologies

    Decimal Technologies is a leader in digital transformation, empowering the BFSI sector to build, deploy, and scale applications effortlessly. With its AI-accelerated, No-Code development environment, Decimal’s Vahana Cloud platform simplifies the development process, helping BFSI businesses accelerate their digital transformation journey.

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  • Fourfront Limited Files DRHP On BSE SME For IPO

    Fourfront Limited Files DRHP On BSE SME For IPO

    Mumbai (Maharashtra) [India], July 4: Fourfront Limited (Fourfront, the Company), an automotive component manufacturer with design capabilities for electromechanical and power electronics products for the EV and industrial automotive sectors, has announced plans to enter the primary market with an IPO.

    The company has filed its Draft Red Herring Prospectus with BSE SME in preparation for the IPO. The company plans to issue 65,00,000 fresh equity shares with a face value of ₹ 10 each.

    As the company advances with its IPO plans, Part-financing the Proposed Project FF, Funding incremental working capital requirements, Investment in our wholly owned Subsidiary for financing the Proposed Project EV, funding its incremental working capital requirement and general corporate purposes. The capital raised will support the company’s strategic objectives, strengthen its competitive.

    Beeline Capital Advisors Private Limited has been appointed as the Book Running Lead Manager to the Issue, while MUFG Intime India Private Limited will serve as the Registrar to the Issue.

    About Fourfront Limited:

    Fourfront Limited is a manufacturing company specializing in electromechanical and power electronics products for the automotive industry. Operating under its flagship brand, the company produces switches, USB chargers, DC-DC converters, onboard chargers, Power Distribution Units, and other electronic components catering to both conventional and electric vehicles. With a strong presence in the commercial vehicle segment, Fourfront serves multiple leading OEMs and industrial product manufacturers across India.

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  • HOAC FOODS INDIA LIMITED Raises ₹1,000.00 Lakhs in Qualified Institutional Placement (QIP)

    HOAC FOODS INDIA LIMITED Raises ₹1,000.00 Lakhs in Qualified Institutional Placement (QIP)

    New Delhi [India], July 4: HOAC FOODS INDIA LIMITED, a primarily engaged in the manufacturing and distribution of high-quality natural food products under the brand name “HARIOM”, offering a diverse range that includes chakki atta (wheat flour), organic herbs and spices, unpolished pulses, grains, and cold-pressed yellow mustard oil, has successfully raised ₹1,000.00 Lakhs through its first-ever Qualified Institutional Placement (QIP). The QIP, launched on June 30, 2025, and closed on July 03, 2025, saw significant interest from investors, underscoring strong confidence in the company’s strategic vision and market position.

    HOAC Foods India Limited allocated 4,97,250 equity shares, each with a face value of ₹10, to qualified institutional buyers (QIBs) at an issue price of ₹201 per share. This pricing represents a discount of approximately 5.00% to the QIP floor price of ₹210.64 per share, as determined by SEBI regulations. The QIP was fully subscribed, reflecting the high demand and investor confidence in HOAC Foods India Limited.

    Investors participating in this QIP include NINE ALPS OPPORTUNITY FUND, HOLANI VENTURE CAPITAL FUND, MILI CAPITAL INVESTMENT TRUST, PARADISE MOON INVESTMENT FUND I, MONEYWISE FINANCIALSERVICES PRIVATE LIMITED, SWYOM INDIA ALPHA FUND, CHANAKYA OPPORTUNITIES FUND 1, Beacon Stone Capital VCC – Beacon Stone I, SAINT CAPITAL FUND.

    The proceeds from the QIP will be strategically deployed to accelerate HOAC Foods India Limited growth plans. These include funding working capital requirement for the expected rapid growth in the coming years.

    Commenting on the fund raise, Mr. Rambabu Thakur, Managing Director said: “The overwhelming response to our QIP from investors is a testament to their trust in HOAC Foods India Limited vision and strategy. The successful completion of this QIP, marks a pivotal moment in our journey. The raised capital will fortify our working capital requirements and ensure to maintain robust growth momentum.”

    The Book Running Lead Managers (BRLMs) to the QIP issue were GYR Capital Advisors Private Limited.

    “Mahek Sejwani from GYR Capital said, ‘GYR Capital is proud to have successfully closed the QIP of HOAC India Ltd., marking yet another milestone in our association. From a successful IPO to scaling exports and now institutional fundraising, HOAC’s journey reflects consistent growth and strategic execution.”

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