Category: Business

  • Mascot Infrastructure commences development of Mascot Industrial City

    Mascot Infrastructure commences development of Mascot Industrial City

    Ahmedabad (Gujarat) [India], May 1: Mascot Infrastructure, Gujarat’s leading real estate and industrial park developer, has officially commenced work on its most ambitious project yet, the Mascot Industrial City, at Vithalapur in Ahmedabad district. Spread across 385 acres, the integrated township is set to emerge as a transformative manufacturing and logistics hub in one of the fastest-growing industrial corridors in the country and boost economic development.

    The groundbreaking ceremony, held on Wednesday, was attended by a host of dignitaries, including Industries Minister Balvantsinh Rajput, former Deputy Chief Minister Nitinbhai Patel, Mehsana MP Haribhai Patel, and former Home Minister Rajnibhai Patel, among others.

    Mascot Infrastructure, which has delivered over 60 million square feet of space over the years, showcased the project’s expansive facilities and forward-looking amenities during the event. The foundation stone was also laid for a wide range of developments within the township, including a Dormitory Complex comprising 31 towers with 12,500 beds, 350 1BHK apartments, 290 2 & 3 BHK apartments, a shopping mall, food court, hotel, school, and fuel station.

    In a strong show of investor confidence, 13 companies also laid foundation stones for their projects at the site on the same day. These include Luxor Industries, Abhi Metals, Toshee Industries, Mysore Tubes Suppliers, K Power Control, V Bros Auto, among others.

    Mascot Infrastructure

    Speaking on the occasion, Sanjay Patel, Managing Director of Mascot Infrastructure, said, “The Mascot Industrial City marks a defining moment for us and Gujarat’s industrial ecosystem. We are not just building a township, but are shaping a dynamic, inclusive, and globally competitive environment that enables industries to thrive. We are confident this project will play a key role in India’s Make in India vision and become a model for industrial townships across the country.”

    Mascot Industrial City is Mascot Infrastructure’s sixth and largest project to date and builds on a successful track record of five integrated industrial and logistics parks across Ahmedabad, Vadodara, and Surat. Mascot Infrastructure signed a Memorandum of Understanding for the project at the Vibrant Gujarat Global Summit 2024 in the presence of Chief Minister Bhupendra Patel.

    Mascot Infrastructure

    Strategically located near the Vithalapur auto cluster, the park boasts a 1 km frontage along a four-lane state highway and enjoys connectivity to major infrastructure projects including the Delhi-Mumbai Industrial Corridor, Dholera SIR, GIFT City, and Sanand GIDC. The site also has easy access to key ports such as Kandla, Mundra and Dahej, enabling smooth logistics operations.

    Meticulously master-planned, Mascot Industrial City features clearly demarcated industrial, residential and commercial zones. The offerings include industrial plots, plug-and-play factory units, Grade A warehouses, and comprehensive residential facilities. The infrastructure blueprint includes 18–30 metre-wide roads, multiple entry points, and sustainable solutions such as solar-powered street lighting, electric shuttle services, and e-cart mobility.

    With clients from eight countries, including India, Japan, the US, Germany, Taiwan, Turkey, the UK, and China, Mascot Infrastructure has cemented its reputation as a reliable partner for global manufacturing. The new township will offer build-to-suit capabilities, ready factory spaces, and an ecosystem that promotes rapid scalability for industries.

    Located approximately 75 km from Ahmedabad, Vithalapur is a key automobile manufacturing hub, home to major players like Maruti Suzuki and Honda Motorcycle and Scooter India. The Japanese External Trade Organization (JETRO) has also secured 1,200 hectares in the vicinity for nearly 30 OEMs. Mascot Industrial City is poised to facilitate sustainable and inclusive industrial growth and further enhance the region’s strategic importance on the global industrial map.

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  • KP Group strengthens operations through advanced technology adoption

    KP Group strengthens operations through advanced technology adoption

    Surat (Gujarat) [India], May 1: KP Group, one of India’s leading renewable energy companies, has reaffirmed its commitment to operational excellence by integrating the latest technologies into its asset management and performance optimisation strategies. As part of this initiative, the Group has deployed IBM Maximo Renewables across its renewable energy operations, managing a portfolio of over 1.4 GW across 73+ sites.

    The full-suite Maximo solution, Monitor, Operate and Analyse, has enabled KP Group to streamline its asset management processes for both Independent Power Producer (IPP) and Captive Power Plant (CPP) services. With over 75 Open Access PPA customers and over 130 CPP clients, the Group has significantly enhanced its performance visibility, reporting accuracy, and maintenance workflows.

    Dr. Faruk G. Patel, Founder, Chairman & MD of KP Group, said, “IBM Maximo Renewables has significantly transformed our operations. With its robust data warehouse seamlessly integrated with our self-hosted Power BI, our reporting now delivers real-time insights at the organisational and investor levels. The Operate module has streamlined work and material management. Advanced string analytics have empowered us to identify and resolve underperforming strings, optimising performance.”

    The application suite complements KP Group’s state-of-the-art Network Operations Centre (NOC) as it ensures seamless performance of solar, wind, and hybrid energy projects by leveraging advanced technologies, real-time data, and best-in-class practices.

    KP Group has reported marked improvements in several key operational areas, such as fully automated, hourly-based dashboards, eliminating manual reporting and significantly improving accuracy, over 9,000 real-time string analytics for proactive issue identification, and reduction in energy loss per corrective work order, with targeted optimisation of 2–5% annually. The 100% contractual compliance in O&M performance supports generation guarantees and financial transparency.

    These results reflect KP Group’s strategic focus on data-driven asset performance, addressing general challenges such as downtime, integration inefficiencies, and difficulty in root cause analysis. The company now enjoys near real-time oversight across solar, wind, and hybrid assets, ensuring smarter, more sustainable energy generation. KP Group now offers CPP clients real-time access to accurate and transparent data via web and mobile applications, reinforcing trust and confidence in the company’s capabilities.

    Notably, IBM has come out with a case study taking note of KP Group’s success and recognising the implementation as a benchmark for technology-driven transformation in the renewables sector.

    Through its continued focus on innovation and adopting cutting-edge technology, KP Group is not only enhancing its operational efficiencies but also strengthening its position as a responsible energy provider committed to sustainable growth and customer satisfaction.

  • Magnus Motors Unveils the Citroen Dark Edition Series in Ahmedabad with a Star-Studded Launch Event

    Magnus Motors Unveils the Citroen Dark Edition Series in Ahmedabad with a Star-Studded Launch Event

    New Delhi [India], May 1: The roads of Ahmedabad are about to witness a striking new presence. Magnus Motors, the trusted dealership for Citroën in the region, proudly unveiled the much-anticipated Dark Edition models of the Citroën C3 and C3 Aircross at its showroom – La Maison Citroën Ahmedabad. The exclusive launch event was graced by Dev Joshi, widely known for his role in “Baalveer,” bringing excitement and star power to an evening celebrating innovation, style, and automotive excellence.

    A New Era of Bold Design and French Comfort

    Citroën’s new Dark Edition lineup is a visual treat for car enthusiasts who appreciate bold aesthetics without compromising on comfort and performance. The striking black accents, sleek lines, and refined features make the C3 and Aircross stand out on the road, embodying the French carmaker’s signature style, innovative design, and attention to detail.

    More than just good looks, these models boast enhanced features that offer a seamless blend of practicality and luxury. From tech-forward interiors to exceptional ride quality, Citroën’s latest offerings are built to cater to modern-day drivers who seek both sophistication and substance.

    Magnus Motors: The Trusted Citroën Destination in Ahmedabad

    As Citroën continues to redefine mobility with its fresh approach to design and customer-centric technology, Magnus Motors stands tall as a dealership committed to delivering that vision to the people of Ahmedabad. Known for its top-tier service and a customer-first approach, Magnus Motors has quickly become the go-to choice for prospective car buyers looking for something unique and reliable.

    The showroom itself – La Maison Citroën Ahmedabad – offers an inviting, premium atmosphere where customers can explore the Citroën lineup at their own pace. The staff is friendly, knowledgeable, and always ready to assist in finding the perfect car that aligns with individual tastes and needs.

    Speaking about the event, a spokesperson from Magnus Motors shared, “We are thrilled to introduce the Dark Edition of Citroën C3 and Aircross to our customers in Ahmedabad. These vehicles truly represent a perfect blend of form and function. Our goal is not just to sell cars, but to deliver a memorable experience to each customer who walks through our doors.”

    A Splash of Creativity at Magnus Motors

    Magnus Motors introduced a unique “Paint the Citroën Car with Kids” activity during the launch – turning the spotlight on creativity, community, and childlike joy. This engaging initiative added a playful, memorable touch to the showroom experience.


    Dev Joshi Paints the Town Dark – A Celebration to Remember

    The launch of the Dark Edition series was more than just a car unveiling – it was a celebration of Citroën’s evolving identity in India.

    In a heartwarming and creative initiative, Magnus Motors introduced a unique “Paint the Citroën” activity, inviting children to join in the fun by painting a car alongside Dev Joshi. This special engagement highlighted Magnus Motors’ commitment to creating community-driven experiences and making their showroom a place of joy, creativity, and family-friendly connection. The colorful contributions from the children symbolized the brand’s vibrant and youthful spirit.

    Fans and car lovers gathered to witness the occasion, engage with the cars up close, and enjoy exclusive test drives. The enthusiasm in the air was palpable as the audience connected with both the product and the personality behind the unveiling.

    “Citroën has always been about bold choices and fresh perspectives,” said Dev Joshi at the event. “I’m happy to be part of this exciting launch. The Dark Edition looks absolutely stunning and I’m sure it’ll turn heads wherever it goes.”

    A Strategic Push Toward Regional Leadership

    This launch marks a significant step in Magnus Motors’ short-term goal to increase awareness about Citroën’s unique offerings in Ahmedabad and neighboring areas. With a focus on style, comfort, and innovation, the dealership is positioning itself as more than just a showroom – it’s becoming a hub for car lovers who want something beyond the ordinary.

    In the long run, Magnus Motors aims to become the most trusted name for Citroën vehicles in the region by offering not just great products but also a consistently delightful buying and after-sales experience.

    Citroën Cars: A Class Apart

    Whether it’s the sporty compactness of the C3 or the versatile spaciousness of the C3 Aircross, Citroën vehicles bring something fresh to the table. Engineered with customer comfort and driving pleasure in mind, both models are equipped with advanced features, plush interiors, and intuitive controls.

    The Dark Edition enhances these features further, giving them a powerful visual identity that matches their strong performance on the road.

    Visit Magnus Motors – Explore the Dark Edition Today

    Magnus Motors invites all families, professionals, and car enthusiasts to La Maison Citroën Ahmedabad to experience the new Dark Edition lineup firsthand. From detailed walkthroughs to personalized test drives, the team is ready to help every visitor discover the car that fits their lifestyle.

    For bookings and test drives, visit us at Sun Embark – GF, Under Sola Over Bridge, Sarkhej – Gandhinagar Hwy, Sola, Ahmedabad, Gujarat 380061.

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  • Stone Wood Hotels Drives Culinary Expansion with Nationwide Rollout of Spice Wood Cafe

    Stone Wood Hotels Drives Culinary Expansion with Nationwide Rollout of Spice Wood Cafe

    Goa [India], April 30: Stone Wood Hotels & Resorts has announced the expansion of its signature restaurant brand, Spice Wood Café, across all 14 of its hotels in India by the end of 2025. Known for its blend of rustic charm and quick-service dining, the Spice Wood Café concept has gained popularity for its “Sit, Eat & Go” approach—an inviting yet efficient space that caters to modern diners who value both flavor and speed.

    “Our goal with Spice Wood Café is to create a space where great food meets great energy—something that feels familiar yet exciting every time. It’s not just about quick service; it’s about delivering a memorable dining experience that reflects the soul of our brand,” said Shikhar Kumar, Managing Director, Stone Wood Hotels & Resorts

    The café’s distinctive atmosphere is rooted in a rustic and cozy aesthetic, incorporating reclaimed wood, warm lighting, and spice-inspired décor. Open kitchens are a focal point, offering customers a glimpse of the food preparation process, reinforcing the café’s fast-paced yet transparent dining experience. Seating is strategically varied, featuring bar-style high tables for solo guests, communal benches for groups, and cozy booths for those looking to linger a little longer.

    Spice Wood Cafe

    Spice Wood Café’s menu emphasizes bold, spiced flavors delivered quickly. Signature offerings include grain-based Spice Wood Bowls, wood-grilled skewers, flatbread wraps, and spiced fries—all designed for quick assembly and fast service without compromising freshness. Orders are placed via digital kiosks or QR codes, with a number call system minimizing wait time and staffing needs. For those on the move, takeaway orders come in eco-friendly packaging, with spice packets offered as a small souvenir of the experience.

    This rollout aligns with Stone Wood’s broader growth strategy. Since its founding in 2017 with a single 34-cottage resort in Mandrem, Goa, the group has grown to over 16 hotels and resorts across prime destinations in India, including Maharashtra, Karnataka, Rajasthan, Himachal Pradesh, and Uttarakhand. The addition of Spice Wood Cafés across its portfolio reflects Stone Wood’s commitment to creating consistent, high-quality culinary experiences as part of its broader hospitality offering.

    With additional properties in the pipeline across Jim Corbett, Tadoba, Chail, Mussoorie, and Coorg, and a goal of reaching 50 hotels by 2030, Stone Wood Hotels & Resorts is positioning itself not just as a leader in boutique and resort accommodations, but also as a growing force in India’s fast-casual dining scene. The expansion of Spice Wood Café underscores this dual focus—marrying convenience and quality in both stay and dining experiences.

    Website: www.stonewoodresorts.com

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  • Why Akshaya Tritiya is the Perfect Time to Book Your Dream Home at Arihant Luxury Flats in Navi Mumbai

    Why Akshaya Tritiya is the Perfect Time to Book Your Dream Home at Arihant Luxury Flats in Navi Mumbai

    Navi Mumbai (Maharashtra) [India], April 30: Akshaya Tritiya, a day symbolizing eternal prosperity, abundance, and auspicious beginnings, is one of the most sacred times in the Hindu calendar. Traditionally celebrated through gold purchases and new ventures, it also marks the ideal time to invest in long-term assets that appreciate in value—especially real estate.

    Booking a home on Akshaya Tritiya is both spiritual and strategic. It is believed that investments made on this day never diminish and are blessed with sustained growth. What better way to celebrate this sentiment than by investing in a space that brings joy, security, and prosperity—your dream home.

    Arihant Luxury Flats in Navi Mumbai offer just that—homes where families thrive, not just reside. With thoughtfully designed spaces, future-ready infrastructure, excellent connectivity, and premium amenities, Arihant homes reflect a lifestyle rooted in growth and comfort.

    For those looking for ultra-luxury, Arihant presents a new benchmark with World Villas by Arihant—an expansive 88-acre gated community located near Chowk, Panvel.

    Whether you’re seeking a 2 BHK in Taloja, a smart home in Kharghar, or a luxurious villa in Panvel, Arihant Developers offers properties ranging from ₹30 lakhs to ₹3.5 crores, making it accessible to aspiring homeowners as well as premium buyers.

    Akshaya Tritiya

    Ashok Chhajer, Chairman & Managing Director of Arihant Superstructures Ltd., shares:

    “Akshaya Tritiya is not just about gold—it’s about making timeless choices. At Arihant, we believe that a home is the purest investment one can make on this day. It is the beginning of countless memories, security, and generational happiness. This Akshaya Tritiya, we welcome families to start their journey of abundance with us across Navi Mumbai.”

    This year, celebrate Akshaya Tritiya by making a decision that grows with time.
    Choose prosperity. Choose comfort. Choose Arihant.

    Website- https://www.asl.net.in

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  • After a Decade of Ethical Journalism in Gujarati, Khabarchhe.com To Launch Hindi and English Portals

    After a Decade of Ethical Journalism in Gujarati, Khabarchhe.com To Launch Hindi and English Portals

    Surat (Gujarat) [India], April 30: When Khabarchhe.com was born on May 1, 2014, digital journalism in India and especially in Gujarat was an uncertain territory. The internet was flooded with clickbait. Truth had to compete with noise.

    And in the middle of that noise, Khabarchhe chose silence – the kind that listens, verifies, and speaks only what’s real.

    “We started with no backing, no investors, no marketing. All we had was a stubborn belief in ethical journalism,” says Utkarsh Patel, Founder-Editor of Khabarchhe.com.

    “Every click we earned, we earned with credibility. Every reader we gained, we gained with integrity,” he added.

    For a decade, Khabarchhe.com stood its ground – refusing sensationalism, rejecting political pressures, and never trading truth for traffic. In an industry where survival often depends on compromise, Khabarchhe chose clarity over clutter.

    It wasn’t easy. The early years were lonely. The market didn’t reward honesty. Advertisers preferred volume over values. But slowly, the readers found Khabarchhe — and stayed.

    Today, on completing 10 years, Khabarchhe is not just surviving — it is growing.

    The platform is now launching Hindi and English portals, taking stories of Gujarat and interests of Gujarat to national and international audiences.From hyperlocal issues to state politics, Gujarat’s pulse will now beat in multiple languages.

    Khabarchhe is also stepping into hyperlocal news, making space for every street, town, and unheard citizen.

    What began as a bold experiment is now a proven model:journalism without agenda is not just possible — it’s sustainable.

  • Katalon Launches TrueTest: First AI-Native Testing System

    Katalon Launches TrueTest: First AI-Native Testing System

    Atlanta (Georgia) [US], April 30: As software teams increasingly rely on AI-generated code to build applications faster, traditional testing methods are becoming a critical bottleneck. Today, Katalon Inc., the category leader in AI-augmented software testing, announces the general availability of TrueTest, the world’s first AI-native automated testing system that continuously learns from real users in production to create and maintain test coverage that actually matters.

    TrueTest eliminates guesswork and redefines the testing process. Traditional testing often relies on assumed user flows based on requirements documents or input from stakeholders. But real users rarely behave as expected. Guesswork leads to blind spots in test coverage, which TrueTest resolves by using actual production behavior as its source of truth.

    Instead of relying on pre-scripted, guess-based models, TrueTest observes real customer behavior, identifies business-critical user journeys, and auto-generates test cases that reflect how the application is truly used. As applications evolve, TrueTest keeps pace by automatically updating tests without the need for manual maintenance or brittle scripts.

    TrueTest was built from the ground up for the AI-native era. It does not treat AI as a bolt-on feature. It is an entirely new approach to quality, driven by usage, powered by intelligence, and built for change. Its key capabilities include:

    • Live Usage Intelligence: Observes real user interactions in production and turns them into ready-to-run automated tests.
    • Accelerates the Shift to Automation: Enables teams to quickly transition from legacy test scripts to intelligent automation with auto-generated tests.
    • Self-Maintaining Test Suites: Frees QA teams from repetitive test upkeep by continuously adapting to application changes in real time. Automatically adapts to application changes, removing the manual effort for test upkeep.
    • Prioritized Test Coverage: Highlights the most critical workflows based on actual user behavior, helping teams focus on what matters.
    • Shared Visibility Across Teams: Gives QA, development, product, and even marketing teams a shared view of user journeys and digital experience quality.

    “Model-based test automation was built on guesswork. TrueTest ends that era. By learning directly from real users in production, it delivers AI-generated, always-relevant automated test coverage, without the need for scripts or guesswork. This isn’t a bolt-on AI feature; it is a ground-up reinvention of testing for the AI-native world. For the first time, QA has something every team wants: real visibility into how customers actually use their applications. Now, developers, product managers, and marketers are the ones asking to see what QA sees. TrueTest isn’t just our vision. It is shaped by our customers, who asked for a better and smarter path to quality.”

    – Vu Lam, CEO of Katalon

    Market Validation: 2025 State of Software Quality Report

    According to Katalon’s 2025 State of Software Quality Report, released earlier this month, 61% of QA teams are adopting AI tools to reduce repetitive tasks, and nearly half of QA pros surveyed report needing to update up to 30% of their test scripts on a regular basis.

    These trends reflect a clear need for more intelligent automation. Teams want to spend less time on maintenance and more time delivering quality. TrueTest was created in direct response to this demand. It provides testing that adapts to real usage, maintains itself, and focuses on the experiences that matter most to users.

    Trusted by Global Technology Leaders

    Strategic partners across the QA and DevOps landscape are already embracing TrueTest:

    “TrueTest aligns perfectly with our mission to help clients release faster without compromising on quality. In modern CI/CD pipelines, test maintenance is often the hidden cost that slows everything down. By generating and updating tests based on real user behavior, TrueTest helps us eliminate that bottleneck entirely. Our teams now focus on enabling smarter quality engineering, while TrueTest ensures continuous coverage of what matters most.”

    — Amalesh Mishra, Chief Growth Officer, QualityKiosk Technologies

    “For us, innovation in software quality must be practical, scalable, and aligned with user outcomes. TrueTest checks all those boxes. It allows our teams to reduce test debt, accelerate feedback loops, and deliver continuous value across client applications. By turning real user behavior into self-maintaining tests, TrueTest gives our QA engineers superpowers and frees them to focus on optimizing digital experiences, not just catching bugs.”

    – Du Nguyen, Managing Director, KMS Technology

    Learn More About TrueTest

    About Katalon
    Katalon is the category leader in AI-augmented software testing, empowering hybrid testers—those blending manual, automation, and AI skills, to deliver exceptional digital experiences. Trusted by more than 30,000 QA and DevOps teams across 80+ countries, Katalon has been named a G2 Leader in software testing for 11 consecutive quarters. Founded in 2016 and headquartered in Atlanta, Katalon helps teams accelerate software delivery and elevate quality through a powerful, integrated test automation platform, empowering them to release with speed and confidence.

    Media Contact:
    Arati Mukerji  
    commarati@gmail.com

    (Ms) Nhung (Rosie) Nguyễn
    nhung.nguyen@katalon.com

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  • 300 Entrepreneurs Attend “Vandan Utsav” to Honor Parents, Organized by Progress Alliance in Surat

    300 Entrepreneurs Attend “Vandan Utsav” to Honor Parents, Organized by Progress Alliance in Surat

    Surat (Gujarat) [India], April 30: In a heart-warming and historic celebration, over 300 Entrepreneurs gathered at the “Vandan Utsav” organized by Progress Alliance, the global non-profit organization dedicated to promoting and aiding small and medium-sized enterprises.

    The grand ceremony took place at Heaven Party Plot in Surat, where families expressed their appreciation for their parents’ efforts and showed deep respect for their accomplishments. They acknowledged them as the fundamental pillars of their success.

    The Vandan Utsav Was Not Merely An Occasion, But A Revolution

    Created to thank and realize the irreplaceable contribution of one’s parents to their life, it was meant to repay the eternal indebtedness which can never be repaid by any son or daughter. More than 2,000 individuals from over 300 families attended the celebration.

    As the organisers beautifully express, the sacrifices made by parents are often overlooked within families. Vandan Utsav was an excellent opportunity to change that, allowing participants to show their appreciation and reconnect with their heritage on a deeper level.

    Entrepreneurs unite to honor parents in Surat

    The event inspired a heartfelt realisation among participants and the Entrepreneurs that the divine truly manifests through the love and presence of one’s parents.

    The specialised program witnessed children soaking in the heartfelt tears of joy shed by their parents, signifying enduring connections, addressing psychological voids, and rejuvenating familial unity.

    Although the Progress Alliance diligently engages in various facets of an entrepreneur’s life, this program served as a touching reminder. While endeavouring to build business empires, we must never neglect the individuals who constitute our foundation.

    “Real faith is not in rituals, but in kneeling at the feet of our parents,” an individual shared, beautifully capturing the evening’s deeply emotional essence.

    Through the Vandan Utsav, Progress Alliance conveyed a powerful message about the importance of achieving one’s highest aspirations, with a particular emphasis on the reverence accorded to one’s parents as the ultimate goal and spiritual reward. The program gave the organization the opportunity to reassert its complete commitment not only to professional growth but also to the individual and cultural values that lead to the betterment of society at large.

  • Remedium Lifecare: Ride the Pharma Wave with Our Rights Issue!

    Remedium Lifecare: Ride the Pharma Wave with Our Rights Issue!

    Mumbai (Maharashtra) [India], April 28: Remedium Lifecare Limited (BSE: 539561) has announced the launch of its much-anticipated Rights Issue, which has received approval from the Bombay Stock Exchange (BSE). This strategic initiative marks a significant step in the company’s journey toward becoming a vertically integrated, research-driven pharmaceutical leader. The Rights Issue will open on April 30, 2025, and close on May 14, 2025.

    The capital raise comes on the heels of Remedium’s recent ₹182.7 crore agreement with a prominent UK-based pharmaceutical company, underscoring its commitment to international expansion. The funds raised will be utilised to strengthen working capital, invest in R&D capabilities, scale up the production of high-value pharmaceutical intermediates, attract top talent, drive digital transformation, and accelerate global market penetration.

    Speaking on the development, Mr. Adarsh Munjal, Managing Director of Remedium Lifecare Limited, commented: “This Rights Issue represents a significant milestone in our journey to become a globally recognised, innovation-led pharmaceutical company. The capital infusion will strengthen our strategic partnerships across domestic and international markets, with a particular focus on Europe and Asia.”

    He also added that “It offers an exciting opportunity for investors to subscribe to the offer within the specified period and enhance their stake in the company at a potentially attractive price.”

    A substantial portion of the proceeds will be directed toward the establishment of advanced research laboratories specialising in Central Nervous System (CNS) disorders, metabolic conditions, and oncology—three of the most critical and high-demand therapeutic segments worldwide. The capital raise will also support prepayment, improving financial resilience.

    This initiative not only amplifies Remedium Lifecare’s operational and research capabilities but also supports India’s growing reputation as a reliable pharmaceutical manufacturing and supply chain hub. Through continued investments in high-quality infrastructure and cutting-edge R&D, the company is aligned with the national ‘Make in India’ initiative, while contributing to job creation and sustainable sectoral growth.

    Backed by a robust growth strategy, strong global partnerships, and an expanding innovation pipeline, Remedium Lifecare is well-positioned as an attractive opportunity for investors seeking long-term value in India’s rapidly expanding pharmaceutical and healthcare landscape.

    Key Highlights of the Rights Issue:

    • Closing Price: ₹ 1.79 as on 25th April 2025
    • Right issue price: ₹ 1 per share
    • Ratio: 61 Rights Equity Shares for every 50 Equity Shares held on the Record Date
    • Record Date: Tuesday, April 15, 2025
    • Rights Issue Opening Date: Wednesday, 30th April 2025
    • Rights Issue Closing Date: Wednesday, 14th May 2025
    • Renunciation of Rights Entitlement Period: 30th April to 9th May 2025
    • Rights Issue Size: ₹ 49.19 crores

    About Remedium Lifecare Ltd.:

    Founded in 1988, Remedium Lifecare Ltd. is a BSE-listed pharmaceutical company engaged in the trading and distribution of raw material as a supply chain management for the pharmaceutical industry with an emphasis on quality, compliance, and global reach, the company continues to expand its presence while playing a pivotal role in India’s pharmaceutical ecosystem.

    For more Information, contact: Adarsh Munjal at Info@remediumlifecare.com

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  • KPG Spices Targets Rs. 100 Cr. Revenue for FY 2025–26

    KPG Spices Targets Rs. 100 Cr. Revenue for FY 2025–26

    New Delhi [India], April 28: KPG Spices, one of the fastest-growing spice brand owned by Marvel King Ltd., offers a full range of ground spices and is targeting Rs. 100 Cr. in revenue for the financial year 2025–26, as announced at the company’s annual meet. Despite being only 14 months old, KPG Spices has already achieved a revenue of Rs. 50 Cr. in FY 2024–25. This rapid growth has been made possible under the leadership of Mr. Parveen Jain, Chairman — a true visionary with interests in multiple businesses and a strong presence in the FMCG market for the past 40 years.

    To achieve the Rs. 100 Cr. milestone, Mr. Gourav Jain, Managing Director, stated that the company has recently launched its range of whole spices — including cumin seeds, green cardamom, black pepper, fennel seeds, carom seeds, etc. — in markets across North India. The company now plans to expand into other regions. Additionally, KPG Spices intends to enter the North East region and two major Hindi-speaking states: Uttar Pradesh and Rajasthan.

    “Our sales and marketing team is working diligently to expand our network to reach 1 lakh retail outlets,” said Mr. Jain. “We are also exploring opportunities in the e-commerce and quick-commerce marketplaces. Keeping today’s consumers in mind, we are using high-quality spices in our products with the aim of entering every kitchen in India and truly becoming ‘Desh ke Masale — KPG Masale.’

    The strategic foresight and dynamic marketing and sales expertise of CEO Mr.Pushpendra Sethi have been instrumental in this journey. Together, this leadership team sets the foundation for continued success, as KPG Spices moves confidently toward an exciting and prosperous future.

    KPG Spices already enjoys a substantial market share in Punjab, Haryana, Himachal Pradesh, Jammu & Kashmir, Madhya Pradesh, and Bihar. The brand is endorsed by renowned Bollywood actress Kareena Kapoor Khan, who serves as the Brand Ambassador, promoting both the products and the brand.

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