Author: Sutun Nayak

  • Aryan Surjeet Dadiala becomes the first and fastest Asian to swim the Gulf of Gdańsk

    Aryan Surjeet Dadiala becomes the first and fastest Asian to swim the Gulf of Gdańsk

    New Delhi [India], August 21: On August 15th, India celebrated a proud moment as the first and fastest Asian swimmer, Aryan Dadiala, captured the spotlight. The achievement not only brought honor to the nation but also highlighted the strength and determination of its people. This remarkable milestone was recognized on a global stage, making it a moment of immense pride for every Indian.

    Aryan Surjeet Dadiala’s remarkable feat as the first and fastest Asian to swim across the Gulf of Gdańsk stands as a testament to his incredible perseverance and determination. Covering 18 kilometers in under six hours, despite challenging conditions, he has not only showcased extraordinary physical endurance but also brought much-needed attention to the critical global issue of climate change.

    The unwavering support and mentorship he received from Shri Rahul Chiplunkar, Mr. Subodh Sule, and Dr. P.M. Reddy were pivotal to his success. His father, Mr. Surjeet Dadiala, played an essential role throughout the journey, providing constant encouragement and assistance.

    Aryan’s dedication to raising awareness about climate change through this swim is commendable. His achievement was further recognized on India’s 78th Independence Day by notable dignitaries such as the Honorable Ambassador Smt. Nagma Mallick Ji and Mr. J. J. Singh. Their acknowledgment underscores the significance of his accomplishment, both as a personal victory and as a meaningful contribution to global environmental advocacy.

    “I am deeply grateful for the unwavering support of my father, Mr. Surjeet Dadiala, who accompanied me throughout this journey and provided encouragement and assistance. I dedicated this swim to the cause of the Urgent Need for Collective Efforts on Climate Change. It is my hope that this achievement will amplify the call for global action to address climate issues and inspire others to contribute to this critical cause,” mentioned Aryan.

    As Aryan himself stated, this swim was more than just a personal challenge—it was a call to action for collective efforts on climate change. His perseverance and determination have rightfully earned him widespread recognition and admiration, marking him as an inspiration to many.

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  • Parul Gupta: A Journey of Self-Discovery and Empowerment Through Pageantry

    Parul Gupta: A Journey of Self-Discovery and Empowerment Through Pageantry

    New Delhi [India] August 20: In the bustling city of Indirapuram, Ghaziabad, Parul Gupta has carved a niche for herself as a skilled web developer, working with Infosys Ltd. But beyond her professional achievements, Parul has embarked on a remarkable journey in the world of pageantry, where she has not only discovered her true passion but also earned accolades that speak volumes of her talent and determination.

    Recently, Parul clinched the prestigious title of *World Island Cultural and Tourism Ambassador* in the Princess category, a recognition that came from the esteemed International level pageant organized by Narifirst under the leadership of Aikta Sharma. This victory is not just a testament to her beauty and grace but also to her dedication and commitment to the art of pageantry.

    A Platform for Growth and Transformation

    For Parul, pageantry is more than just a competition; it’s a transformative experience that leaves an indelible mark on one’s life. She believes that the skills, etiquette, and self-discovery gained through pageantry are invaluable. “Throughout my journey with pageantry, I found myself inclining towards public speaking and advocacy of important causes. On the other side, I found a passion for modeling. I am determined to pursue my passion and be an inspiration to others,” says Parul, reflecting on her experiences.

    Her journey has been supported by the unwavering love of her family, especially her mother, whom she considers her greatest pillar of strength. “I am grateful to Lord Krishna for blessing me with such a supportive and loving family. Thank you, Maa, for being a strong pillar of support in my life,” Parul expresses with heartfelt gratitude. She also acknowledges the guidance of her mentors, Lt. Dr Rita Gangwani and Manisha Shiny, whose wisdom and support have been instrumental in her growth. She extends her gratitude towards her friend and coordinator, Namrata Kaushik, whose companionship proved to be a supportive friend in her journey.

    Overcoming Challenges and Achieving Milestones

    Parul’s journey in the world of pageantry has been marked by numerous milestones. This year alone, she participated in multiple pageants, driven by a desire to learn and forge new friendships. Representing her city, Ghaziabad, Parul emerged as the 1st runner-up in a prestigious beauty pageant. In another competition, she was honored with the title of “Shining Star,” further cementing her status as a rising star in the pageantry world.

    However, beyond the titles and accolades, Parul’s most significant achievement has been her personal growth. “Most importantly, I overcame my fears and barriers to become a better version of me,” she shares. This sentiment encapsulates the essence of her journey—one of self-improvement, resilience, and the pursuit of excellence.

    Looking Ahead: A Future of Advocacy and Inspiration

    As Parul continues her journey, her future goals are clear. She aims to pursue her passion for modeling and public speaking, using her platform to advocate for important causes and inspire others. With her dedication, talent, and the unwavering support of her family and mentors, there is no doubt that Parul Gupta will continue to shine brightly in whatever path she chooses to follow.

    Her story is a testament to the power of pageantry as a tool for personal growth and empowerment. Parul Gupta is not just a beauty queen; she is a symbol of strength, perseverance, and the endless possibilities that lie ahead when one dares to follow their dreams.

  • Celebrating the Journey: Dr. Sunita Dia’s Triumphs in Rheumatology and Pageantry

    Celebrating the Journey: Dr. Sunita Dia’s Triumphs in Rheumatology and Pageantry

    Mumbai (Maharashtra) [India], August 20: We are thrilled to share the inspiring journey of Dr. Sunita Dia, a dedicated Rheumatologist currently based in the USA. Her passion for her profession and her talents have genuinely set her apart. But her journey is not just about her individual efforts. It’s also a testament to the power of perseverance and the encouragement of a supportive family. Dr. Dia’s story, originally from a joint Indian middle-class family in Rajasthan, is a shining example of how a supportive environment can fuel one’s dreams.

    Dr. Dia’s journey uniquely combines medical excellence and artistic talent. Her passion for education, nurtured by her father’s support, led her to become a prominent Rheumatologist. But her talents don’t stop there. She is also an accomplished dancer, and this artistic side of her personality shines brightly in all her endeavours. In January 2023, her charm and skill took centre stage as she participated in the inaugural season of Marvelous Mrs India, a prestigious pageant. Her remarkable performance and undeniable talent earned her the Marvelous Mrs India 2023 title, a feat that reflects both her grace and dedication.

    Dia – Winner of Marvelous Mrs India – Channeling Pure Sophistication in White & A Vision in White, Captivating Hearts

    Dr Sunita Dia – Winner of Marvelous Mrs India – Channeling Pure Sophistication in White & A Vision in White, Captivating Hearts

    Continuing her extraordinary journey, Dr Dia represented Mrs South Carolina at Mrs Galaxy 2024 in Orlando, USA (Trained by the Marvelous Mrs India Team). Despite the challenges of balancing family, work, and pageant commitments, she once again showcased her exceptional talent and secured a spot in the top 15. This accomplishment highlights her versatility, resilience, and commitment to excellence. Marvelous Mrs India is immensely proud of Dr Sunita Dia and her achievements. Her journey inspires many and demonstrates that one can achieve greatness in multiple arenas with passion, perseverance, and support. We extend our heartfelt congratulations and best wishes to Dr. Dia as she continues to shine in her professional and personal pursuits.
    https://www.instagram.com/reel/C5qUtI2pbFY/?utm_source=ig_web_copy_link

     

  • Sugandha Crowned Mrs. India Queen of Substance 2024: A Triumph of Beauty, Brains, and Passion

    Sugandha Crowned Mrs. India Queen of Substance 2024: A Triumph of Beauty, Brains, and Passion

    New Delhi [India], August 20: On the evening of August 10, 2024, New Delhi witnessed the crowning of Sugandha as Mrs. India 2024 at the prestigious Mrs. India Queen of Substance pageant. The event was a celebration of beauty, intellect, and determination, with Sugandha emerging as the embodiment of these qualities.

    Sugandha’s journey to the crown is nothing short of inspiring. Her path to success has been paved with ambition, perseverance, and dedication, making her victory a well-deserved one. Sugandha’s story is a testament to what can be achieved when passion meets purpose.

    The Mrs. India Queen of Substance pageant, known for its commitment to enhancing the capabilities of married women, provides a platform for participants to showcase their talents and intellect. The pageant aims to identify the best representatives for international titles such as Mrs. Universe and Mrs. Earth. This year’s event was no exception, and Sugandha stood out among the contestants for her poise, intelligence, and drive.

    Expressing her gratitude, Sugandha acknowledged the unwavering support of her family, which she credits as a cornerstone of her success. She also extended heartfelt thanks to Ritika Vinay and Vinay Yadawa, the Founder and Director of Mrs. India Queen of Substance, for providing her with this incredible opportunity to shine on a national stage.

    With her new title, Sugandha is not just looking to rest on her laurels; she has a vision for the future. Her dream is to empower young women across the country, helping them realize their full potential. She hopes to inspire others by leading through example, proving that with determination and the right support, anything is possible.

    Sugandha’s victory at Mrs. India 2024 is more than just a personal achievement; it is a beacon of hope and inspiration for women everywhere. As she embarks on this new chapter of her life, there is no doubt that she will continue to make a significant impact, both in her professional endeavors and in her mission to empower the next generation of women.

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  • Magellanic Cloud reports robust YoY EBITDA Growth of 37.3% and YoY PAT growth of 40.3%

    Magellanic Cloud reports robust YoY EBITDA Growth of 37.3% and YoY PAT growth of 40.3%

    Hyderabad (Telangana) [India], August 20: Magellanic Cloud (BSE: MCLOUD), an emerging global leader in the technology space, has announced its financial results for the quarter ending June 30, 2024. With a robust portfolio of subsidiaries in IT, ITES, surveillance, and drone technology, the company remains focused on owning, acquiring & innovating technology.

    Commenting on the financial Mr. Joseph Sudheer Reddy, Global CEO, Magellanic Cloud said: “Our Q1 FY25 results demonstrate the strength of our multi-technology portfolio and our unwavering focus on driving transformational growth. With our 37.3% YoY EBITDA growth and a 40.3% increase in YoY profit reflect the power of our strategic focus on operational excellence and innovation. Achieving an EBITDA margin of 40.05% showcases our ability to navigate challenges and optimize for profitability.

    As we look ahead, we’re poised to deepen, accelerate & acquire advancements in Generative AI,

    surveillance, and drone technologies, where we are already at the forefront of innovation. These technologies will continue to drive our growth trajectory as we further solidify our market leadership. Our vision is to scale strategically, harnessing innovation & acquisition to deliver sustainable, long-term growth and unlocking greater value for all stakeholders.”

    Key financial highlights

    • Revenue from operations stood at Rs. 132.17 crore in Q1 FY25, as against Rs. 137.78 crore in Q1 FY24.
    • EBITDA for the quarter is Rs. 52.93 crore as against Rs. 38.56 crore in Q1 FY24, a year-on-year growth of 37.3%
    • EBITDA Margin for Q1 FY25 stood at 40.05%
    • Q1 FY25 profit stands at Rs. 26.51 crore against a PAT of Rs. 18.89 crore in Q1 FY24, year on year growth of 40.3%
    • During the quarter, Scandron, a subsidiary, receives DGCA approvals for its small category Agri Drone.

    Magellanic Cloud

    Magellanic Cloud has strengthened its leadership team as part of its organizational process transformation strategy by bringing in seasoned industry veterans to steer the company through emerging opportunities and challenges.

    Drones (Subsidiary – Scandron Private Limited)

    • Scandron, a subsidiary of Magellanic Cloud, achieved a major milestone by receiving its second DGCA approval, this time for its small category Agri Drone. Notably, Scandron is also the first company in India to secure DGCA certification for its logistics drone. These certifications position Scandron to participate in key government-led initiatives such as Drone Didi, where type certification is a prerequisite further strengthening our contribution to the growth of the drone ecosystem in India.
    • Scandron, a subsidiary of Magellanic Cloud successfully conducted trials with defense forces at medium and high altitudes, demonstrating Scandron’s advanced logistics capabilities in challenging environments. These trials solidified the company’s role as a reliable partner for defense operations, highlighting its potential to revolutionize military logistics and tactical support.

    IT & ITES Business (Motivity Labs & JNIT Technologies)

    • We delivered a cutting-edge Generative AI (GenAI) application to a key client in the travel domain. This achievement underscores our commitment to delivering AI-driven transformation across industries, reinforcing Motivity Labs’ leadership in pioneering intelligent technology solutions.
    • Motivity Labs has expanded its services by partnering with vendors that are Oracle Gold partners to address industry gaps and accelerate growth. Leveraging this strategic alliance, we acquired multiple local partners, filling the gaps and further strengthening our revenue streams and customer base. This partnership enhances the company’s IT capabilities, driving scalability, improving sales turnover, and ensuring comprehensive customer resource fulfillment.
    • We set a recent establishment in Canada, coupled with a partnership with one of the world’s top five global companies, allows us to offer both local and international resources in the Canadian market. This strategic expansion broadens our global footprint and significantly enhances our capability to serve a varied clientele.

    E-Surveillance (Subsidiary – IVIS International Pvt. Ltd and Provigil Surveillance Ltd.)

    • The company exhibited in three major expos in Delhi and Mumbai, where we engaged with top exhibitors, industry experts, and key government officials from across the Indian and international markets. The expos featured advanced technologies in CCTV, e-surveillance, integrated systems, networked security, monitoring centers, and computer security. This exposure also facilitated our acquisition of clients from diverse industries beyond BFSI, including healthcare, retail, manufacturing, government & commercial sectors.
    • We onboarded three prominent players in the Gold Financing industry, spanning over 270 locations, which is complemented by the deployment of comprehensive automation for vault door operations featuring sophisticated intelligent security technology.

    About Magellanic Cloud:

    Magellanic Cloud Limited (BSE: MCLOUD) is a pioneering technology enterprise, offering software development, digital transformation, AI/IoT, and drone-based solutions for realworld applications. Committed to harnessing cutting-edge technology, Magellanic Cloud offers transformative solutions to a global clientele and has made strategic investments in IT services, E-surveillance, and advanced drone technologies.

    With a robust workforce of over 1,200 professionals and a portfolio featuring more than 100 clients, including several Fortune 1,000 companies, Magellanic Cloud is recognized for its significant market presence and capability to deliver technology-driven solutions in a competitive global landscape.

    For more details, please visit: www.magellanic-cloud.com

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  • Empowering India’s Economic Growth: How Tax Professionals Navigate Challenges and Thrive with PracticeGuru’s Solutions

    Empowering India’s Economic Growth: How Tax Professionals Navigate Challenges and Thrive with PracticeGuru’s Solutions

    New Delhi [India], August 20: India’s remarkable economic growth, fueled by rapid industrialisation, increased foreign investments, and a thriving domestic market, has catapulted the country onto the global stage. In this journey, tax professionals such as chartered accountants (CAs), company secretaries (CS), cost accountants (CMAs), and lawyers have played pivotal roles, their contributions integral to the country’s progress. They ensure compliance with tax regulations, offer strategic financial advice, and help businesses navigate the complexities of the tax landscape. As the economy diversifies, these professionals face growing challenges, from managing compliance with evolving tax laws like GST to balancing branding, client expectations, and administrative duties in an increasingly digital world. Having the right tools and strategies is vital for them to stay at the forefront of India’s economic development.

    Tax professionals are integral to the economy, ensuring tax compliance and guiding businesses toward financial growth and stability. Yet, in today’s digital landscape, maintaining a strong brand presence is increasingly difficult. Branding has shifted from merely advantageous to essential in a highly competitive environment. This is where PracticeGuru offers a game-changing solution with OneClick Branding. Providing ready-made, professionally designed branding posters covering crucial topics such as GST, Income Tax, and MCA, OneClick Branding enables tax professionals to project a consistent, polished image across client communications and social media, significantly aiding client acquisition and retention. Posters are delivered through apps, both Android and iOS.

    On top of branding hurdles, managing the day-to-day operations of a tax practice presents another layer of complexity. Tax professionals often need to work on handling client tasks and managing administrative duties. This is particularly true as India’s regulatory environment becomes more intricate. To address these challenges, PracticeGuru offers Nexus, a web-based Practice Management Software (PMS) designed to streamline administrative tasks like client work tracking, deadline tracking, analysis of growth, and payment follow-ups. By automating these processes, Nexus allows tax professionals to focus more on serving clients and expanding their practices, reducing operational bottlenecks.

    In addition to branding and operational hurdles, staying competitive requires tax professionals to continually refine their sales and management skills. With the rapidly evolving landscape, practice development is as critical as tax knowledge. PracticeGuru’s Learning platform is designed to meet this need by offering courses that enhance sales, management, and client engagement strategies rather than just focusing on tax laws. This enables tax professionals to stay ahead in an increasingly competitive market by fostering business development and operational excellence.

    Since its inception, PracticeGuru has earned the trust of over 3,400 tax professionals throughout India, a testament to the quality and effectiveness of its solutions. The company’s dedication to excellence was acknowledged in November 2023 when it received the esteemed TIOL Award, presented by Andhra Pradesh’s Finance Minister, Buggana Rajendranath. This award underscores PracticeGuru’s contributions to the tax industry and its success in addressing the key challenges faced by tax professionals.

    With over 500 positive client reviews, PracticeGuru‘s solutions have been widely recognized for their significant impact on the efficiency and growth of tax practices. By offering tools that address the core challenges of branding, practice management, and professional development, PracticeGuru empowers tax professionals to thrive and continue driving India’s economic progress.

    If you would like more details, you can contact PracticeGuru at practicegurupro@gmail.com or WhatsApp at 9136667325. Website is https://practiceguru.pro

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  • Digant Sharma joins Heartfulness Trilateral Motorbike Expedition as Director of Finance & CSR

    Digant Sharma joins Heartfulness Trilateral Motorbike Expedition as Director of Finance & CSR

    New Delhi [India] August 20: HEARTFULNESS TRI LATERAL MOTOBIKE EXPEDITION is thrilled to announce the appointment of Mr Digant Sharma as the Director of Finance and Corporate Social Responsibility (CSR) for the highly anticipated Buddhist Circuit Expedition. Mr. Sharma’s leadership in financial management and his deep commitment to social responsibility are set to play a crucial role in the success of this ambitious expedition, which will see the collaboration of the armed forces (Army, Navy and Air Force) of India, Nepal, and Sri Lanka.

    Mr. Digant Sharma: Steering Financial Excellence and Social Impact

    With extensive experience in financial planning, budgeting, and strategic development, Mr. Sharma will oversee the Buddhist Circuit Expedition’s financial operations and CSR initiatives. His responsibilities will be central to ensuring the expedition achieves its objectives and leaves a lasting positive impact on the communities and environments it touches.

    Critical Responsibilities of Mr. Digant Sharma

    In his role as Director of Finance and CSR, Mr. Sharma will be responsible for:

    1. Financial Management: Ensuring the expedition’s financial integrity through meticulous planning, budgeting, and reporting, ensuring all resources are used effectively and transparently.
    2. Strategic Planning: Crafting and implementing financial strategies that align with the expedition’s goals, enabling the project to meet its objectives while maintaining financial stability.
    3. CSR Initiatives: Mr Sharma will lead the expedition’s social responsibility efforts and spearhead projects that benefit local communities along the Buddhist Circuit, ensuring that the expedition contributes to social development and ethical practices.
    4. Sustainability: Mr Sharma’s role will focus on sustainability, ensuring that all operations are environmentally and socially responsible and in harmony with the teachings of Buddha and the expedition’s values.
    5. Stakeholder Engagement: Mr. Sharma will collaborate with a wide range of stakeholders, including investors, local communities, and government bodies, to foster partnerships that support the expedition’s mission and vision.

    The Buddhist Circuit: A Journey of Spiritual and Cultural Significance

    The Buddhist Circuit is a sacred pilgrimage route that includes several sites deeply connected to the life and teachings of Siddhartha Gautama, known as the Buddha. These sites, located primarily in India and Nepal, hold immense spiritual and historical significance. The core of the Buddhist Circuit includes:

    • Lumbini, Nepal: The birthplace of Buddha, home to the Maya Devi Temple, Ashoka Pillar, and other significant landmarks.
    • Bodh Gaya, India: This is the site where Buddha attained enlightenment. It features the Mahabodhi Temple and the sacred Bodhi Tree.
    • Sarnath, India: This is the location of Buddha’s first sermon, and it has essential sites such as the Dhamek Stupa and Sarnath Museum.
    • Kushinagar, India: The place of Buddha’s Parinirvana, including the Mahaparinirvana Temple and Ramabhar Stupa.

    The extended circuit also includes sites like Rajgir, Nalanda, Sravasti, and Vaishali, each adding to Buddhism’s rich cultural and spiritual tapestry.

    A Multi-Faceted Expedition with a Global Vision

    The Buddhist Circuit Expedition is a journey retracing the steps of the Buddha and an initiative with broad global objectives. Under Mr Sharma’s stewardship, the expedition will aim to:

    • Promote Peace and Harmony: Encouraging mutual understanding and respect among participating nations.
    • Foster Cultural Exchange: Facilitating the exchange of diverse cultures and traditions as the expedition travels through South Asia.
    • Empower Youth: Engaging young people in meaningful activities that promote cultural tolerance and positive development.
    • Boost Tourism: Highlighting the unique cultural and natural wonders of the Buddhist Circuit, thereby supporting local economies.
    • Strengthen Interconnectedness: Emphasizing the shared goals and values of South Asian nations, despite their diverse histories.
    • Support Community Outreach: Engaging with local communities to raise awareness and build social cohesion.
    • Promote Environmental Awareness: Advocating for sustainability and conservation efforts to protect natural resources.
    • Encourage Health and Well-Being: Promoting holistic health practices, including mindfulness and physical fitness.

    Positive Remarks from the Leadership

    Mr Rahul Patil, Founder and Co-Convener of the expedition, expressed his excitement about Mr Sharma’s appointment, saying, “Mr Digant Sharma’s extensive experience and commitment to social responsibility will be pivotal in ensuring the success of this expedition. His leadership in finance and CSR aligns perfectly with our mission to promote peace and cultural exchange.”

    The convener, Mr Piyal Darshana Guruge, added, “We are thrilled to have Mr Sharma on board. His expertise will help us achieve our financial goals while significantly impacting the communities along the Buddhist Circuit.”

    Mr. Nawaraj Iamsal, Co-Convener, shared his enthusiasm, stating, “Mr. Sharma’s appointment strengthens our team, ensuring that our expedition is both financially sound and socially responsible.”

    Dr. Prateek Kanakia (Member Council of Management,  WTC, Mumbai  Chairman of The Green Billions Ltd.), Advisor to the expedition, praised the decision, noting, “With Mr. Sharma’s leadership, we are confident that the Buddhist Circuit Expedition will be a model of sustainability, community engagement, and financial excellence.”

    Looking Ahead

    As Mr. Digant Sharma takes on this pivotal role, the HEARTFULNESS TRI LATERAL MOTOBIKE EXPEDITION is poised to make a meaningful and lasting impact through the Buddhist Circuit Expedition. His leadership will ensure that this journey honors the Buddha’s spiritual heritage and contributes to global peace, sustainability, and social responsibility.

    For more information, please contact:

    Name – Digant Sharma

    Designation – Director – Finance and CSR

    Email – im@digantsharma.com

    Mobile – +91-9769999960 , +91-9920808363

    Website –https://heartfulnessride.com/

     

  • Seematti Introduces India’s First AI Fashion Brand Ambassador

    Seematti Introduces India’s First AI Fashion Brand Ambassador

    Kochi (Kerala) [India], August 19: Seematti, one of the oldest and most prestigious textile retail chains in India, a 110-year-old brand, has made history by introducing India’s first Artificial Intelligence (AI)-based fashion brand ambassador. Isha Ravi, the AI fashion model, will now represent Seematti in the Indian fashion world. Isha is depicted as a young woman with a deep interest in colors and travel from a young age, embodying independence and fashion. Speaking at the event held in Kochi on Saturday, Seematti CEO and Lead Designer Beena Kannan stated that this new step signifies the progress and new possibilities of Artificial Intelligence in the fashion industry.

    “I am confident that the fusion of technology and fashion will open new doors in fashion. For the first time in India, an AI model is becoming the ambassador of a fashion brand. I am proud that Seematti could achieve this, representing both India and Kerala. We should view this historic moment as a step into a new era of fashion and as the beginning of future fashion revolutions. I am extremely happy that we could introduce India’s first AI fashion brand ambassador,” added Beena Kannan.

    For the first time in India, a fashion brand is uniquely connecting technology and fashion. Seematti aims to showcase the possibilities of having an AI brand ambassador and is ready to offer the latest shopping experience using AI technology. The CEO mentioned that Seematti will keep customers informed about new features planned using AI.

    Seematti became particularly renowned for its bridal collections, offering a wide range of traditional and contemporary sarees that cater to the diverse tastes of Indian women. Under the visionary leadership of Beena Kannan, the granddaughter of the founder, Seematti has reached new heights. Her initiative, Beena Kannan Couture, presents an opulent collection of luxury wedding couture meticulously crafted for the contemporary bride. Additionally, Seematti Young, from the house of Seematti, offers the trendiest youthwear collection that perfectly blends style and comfort.

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  • Agarwal Industrial Corporation announced staller Q1 results, PAT surged by 41.44%

    Agarwal Industrial Corporation announced staller Q1 results, PAT surged by 41.44%

    New Delhi [India], August 19: Agarwal Industrial Corporation Limited, India’s most significant Private sector player in the bitumen sector, has released its highest-ever financial results for the period ended on 30 June 2024. For Q1FY25, the Company reported a 12.69% year-on-year (YoY) jump & consolidated revenue of Rs. 709.24 crores. EBITDA (earnings before interest, taxes, depreciation, and amortization) margin saw a massive increase of 46.53% at Rs.61.71 Crore. PAT (Profit after tax) stood at Rs.39.00 crore, with a significant increase of 41.44%. The company has reported volume growth of 26.60% & highest ever 1st quarter volume of 170,478.36 MT. The Board of Directors have approved a dividend of Rs. 3 per Equity Share of the face value of Rs. 10/- for FY23-24.

    Agarwal Industrial Corporation Limited is not just a bitumen player but also a significant player in the private sector in India. It functions as an Infrastructure Ancillary for the transport and logistics segments and provides logistics for bulk bitumen and LPG. The Company’s operations are diverse, with 7 manufacturing facilities, a portfolio of more than 20 products, and a fleet of 10 vessels with a capacity of around 1,02,049 MT.

    In January, Agarwal Industrial Corporation achieved a significant milestone by securing tenders to supply bulk bitumen from Bharat Petroleum Corporation for its Mumbai and Haldia locations, totalling 45,000 MTs valued at Rs 232.60 crore. The Company also secured a tender from Hindustan Petroleum Corporation for its Mangalore and Haldia locations, totalling 1,50,000 MTs with an approximate value of Rs.500 crore.

    The Union Budget 2023-24 laid a strong foundation for infrastructure development with a total proposed expenditure of Rs 45,03,097 crore. The interim budget has allocated a staggering Rs 2,72,000 crore for the Ministry of Road Transport and Highways, a significant increase from the previous year.

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  • Spark PWM Expands Bengaluru Office to Support Growing Team and Business Growth

    Spark PWM Expands Bengaluru Office to Support Growing Team and Business Growth

    Bengaluru (Karnataka) [India], August 19: Spark PWM Private Limited (formerly known as Spark Family Office and Investment Advisors (India) Private Limited), or Spark Private Wealth Management, a subsidiary of Spark Capital Advisors (India) Limited, a two-decade-old mid-market investment banking and financial services firm today announced the inauguration of a new office at Prestige Emerald in Bengaluru’s Ashok Nagar. This move is part of Spark PWM’s ongoing expansion strategy to accommodate its rapidly growing team and to better serve its clients in the region.

    Spark PWM has seen impressive growth over the past year, with its Assets Under Management soaring from INR 3,000 crores in April 2023 to over INR 20,000 crores today, thanks to its dedication to bespoke wealth management for Ultra HNI families across India.

    This year, Spark PWM has earned top industry awards, including Best Boutique Wealth Manager – Rising Star (India) at The Asset Triple A Private Capital Awards 2024 and Emerging Wealth Manager (India) at The Twelfth Annual WealthBriefingAsia Awards 2024, solidifying its status as one of India’s fastest-growing financial services firms.

    Spark PWM

    On the occasion of Bengaluru’s new office inauguration, Arpita Vinay, MD & Co-CEO, Spark PWM said, “Our expansion in Bengaluru is a direct result of our impressive growth in AUM and team size. As a crucial market for us, this new office will enhance our ability to offer tailored strategies and exceptional support to our clients in the region. This milestone marks a key step in our journey to becoming a leading private wealth management firm in India.”

    Kishore Rijhwani, Senior Director, Spark PWM added, “Bengaluru office will continue Spark PWM’s tradition of offering top-tier solutions through its open-architecture platform. This new location would enable the Ultra HNI families from the southern region to easily access our multi-family office proposition, which includes a comprehensive suite of services such as portfolio monitoring, investment management, estate planning, and tax services. We aim to bring our best-in-class services closer to our clients.”

    The company’s growth trajectory has also led to a significant expansion of its team. From just 60 members in April 2023, Spark PWM has grown to over 300 members today, including more than 130 highly skilled Relationship Managers. This expansion highlights the company’s commitment to attracting top talent and delivering best-in-class wealth management services.

    As part of its ambitious expansion plan, Spark PWM has extended its geographical footprint across India since last year and plans to expand to international markets. From a single office in Chennai, the company has expanded to key cities, including Mumbai, Delhi, Kolkata, Ahmedabad, Pune, Hyderabad, and Bengaluru, with a provision for servicing clients in satellite locations.

    About Spark PWM 

    Spark PWM Private Limited (formerly known as Spark Family Office and Investment Advisors (India) Private Limited), is a subsidiary of Spark Capital Advisors (India) Limited. The company extends the core DNA of Spark Capital – Knowledge, Integrity, Trust & Transparency – to help Affluent Families, Business Owners / Promoters, Family Offices, New Age Entrepreneurs and CXOs to navigate a world full of opportunities and risks. Spark PWM offers products and services designed to help them seamlessly create, preserve, and transition their wealth across their generations. The offerings are backed by a robust Investment Policy Framework which is backed by research and superior execution to pick future winner ideas well ahead of our competition.