Category: Business

Revenue increases 55.99% YoY to ₹1,753.09 Mn

Recommended final dividend of 1.5% per share of Rs.10/- each for FY24

Mumbai (Maharashtra) [India] July 31 : Balu Forge Industries Ltd. (BFIL), a leading precision engineering and manufacturing company, approved its Audited Consolidated Financial Results for the quarter ended 30st June 2024, in the meeting of its Board of Directors held on 30th July 2024. 

Amount in Mn

Consolidated Financial Highlights for the Q1 FY25: 

• BFIL registered a robust revenue growth of 55.99% and revenue from operations stood at ₹1,753.09 Mn in Q1FY25 compared to ₹1,123.85 Mn in Q1FY24 because of the constant focus on client addition and continued demand for the specialized engineering products.
• EBITDA grew by 97.31% and margins expanded by 516 bps from 19.48% in Q1FY24 to 24.64% in Q1FY25 owing to increase in scale of operations and increased demand for heavier products which tend to yield better margins. 

• The board of directors has recommended a final dividend of 1.50% of the face value per equity share of Rs.10/- each for the financial year 2023-24.

• PAT margins improved by 466 bps from 14.83% in Q1FY24 to 19.49% in Q1FY25.

Commenting on the performance of Q1FY25, Mr. Trimaan Chandock, Executive Director of BFIL stated:

“We are happy to share our financial and business performance for Q1FY25, we registered robust revenue growth of 55.99% with revenue from operations standing at ₹1,753.09 Mn in Q1FY25 compared to ₹1,123.85 Mn in Q1FY24 owing to our constant focus on client addition and continued demand for our specialized engineering products. EBITDA grew by 97.31% and margins expanded by 516 bps from 19.48% in Q1FY24 to 24.64% in Q1FY25 owing to increase in scale of operations and increased demand for heavier products which tend to yield better margins. PAT grew by 104.96% and PAT margins improved by 466 bps from 14.83% in Q1FY24 to 19.49% in Q1FY25. The board of directors have recommended a final dividend of 1.50% of the face value per equity share of Rs.10/- each for the financial year 2023-24.

Our robust financial performance was an outcome of our dedicated strategy implementation focused on addition of new products into our portfolio by understanding our customer needs, diversification of customer base and offering cutting edge solutions across industries like power generation, construction, hydraulics, and wind energy. Further, the Indian forging industry is undergoing rapid transition and transformation, with superior implementation of the China+1 strategy to de-risk supply chains.

This diversification and macro change in industry landscape offers us a plethora of opportunities and provides long runway for growth. In order to appropriately capitalize on the opportunity, we are investing heavily in our capabilities which are poised to yield positive results in near future.

Apart from the financial achievement, the current quarter was marked with various remarkable business accomplishments which are focused on expanding our capability, integrating our operations and becoming a more prominent force in the critical forging and precision machining landscape:

Acquisition of three state of the art forging production lines, with a capacity of producing 72,000 tons of forged products. This comprehensive setup includes 16-ton closed die forging hammer, 10-ton closed die forging hammer and 8,000T capacity mechanical press. This acquisition not only strengthens & expands our critical engineering product portfolio but also enhances the R&D capability enabling a product portfolio expansion in newer industries. It provides us a niche strength in creating products from different alloys from Aluminium to Titanium. This is a part of our strategic vision to increasingly contribute in manufacturing highly complex products at a global scale. The new forging unit will be seamlessly integrated with our current capabilities to deliver end to end solutions under one roof with best in class, Industry 4.0, practises to ensure high level of manufacturing efficiency.   

The proposed fundraise of INR 496.80 crores will strengthen manufacturing capacity, enhance the capability and play an incremental role in making India atmanirbhar/ self-reliant in defence, railways and aerospace sector. This will further aid turning the vision of Viksit Bharat as formulated by our Honourable Prime Minister into reality. With this, we aim to procure Solid Wheel Rolling Machinery which will produce the one of the largest railway wheels of up to 1,300 mm dia & further strengthen the company’s ability to cater to field of Defence, Aerospace & Railways.

In conclusion, BFIL is committed to expanding its capabilities through strategic investments in assets and the augmentation of our team to deliver top-quality, innovation-driven products. This approach positions us as a leading player in the market. Our dedication to sustainability and continuous improvement allows us to meet current customer demands while anticipating and shaping future industry needs. As we progress, we remain focused on driving substantial revenue and profit growth, enhancing stakeholder value, and making a positive contribution to the global economy.”

About Balu Forge Industries Ltd 

Balu Forge Industries Ltd (BFIL) was Incorporated in 1989 and is engaged in the manufacturing of fully finished and semi-finished crankshafts and Forged Components. It has the capacity to manufacture components conforming to both New Emission Regulations & the New Energy Vehicles. The company has a fully Integrated Forging & Machining production infrastructure with a large product portfolio ranging from 1 Kg to 1000 Kgs. The Company has an 80+ global distribution networks and operates through both domestic and export segments. The customers include some of the renowned suppliers and manufacturers of light vehicles, agricultural equipment, power generation equipment, commercial vehicles, off-highway vehicles, ships, locomotives, and many others. The company also caters to the defence, oil & gas, railway, marine amongst other industries.

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Mumbai (Maharashtra) (India) July 31 : India announced its new budget for 2024 on Tuesday, 23rd July. The new budget featured policies aimed across various sectors to offer growth, sustainability, and digital advancement. However, as an NRI, the greatest highlight of this budget has been the policies regarding angel tax for startups.

The focus on digital infrastructure stands out as a significant boost for India’s digital sector. With the commitment to expand broadband and 5G networks, this budget will accelerate the growth of digital businesses and startups.

The added emphasis on tax reforms and incentives for investment is another positive step towards creating a more business-friendly ecosystem with lower running costs to attract global investors, such as myself.

RedSwitches and businesses alike rely heavily on digital platforms to reach our wide customer base – and now that the budget allocates over $12 billion towards improving digital infrastructure, it’ll introduce new expansion opportunities. While we are a registered company in India, better connectivity will allow us to deliver enhanced services and drive technological advancements.

Furthermore, abolishing the angel tax is a big step towards supporting innovation and startups. It will cultivate a supportive environment for new businesses since the government is actively promoting entrepreneurship and ensuring the Indian economy remains competitive globally. These initiatives, combined with broader economic growth and job creation goals, are commendable.

Essentially, I believe the most recent regulations aimed at digital infrastructure would greatly benefit the business community. This strategic direction aims to create a durable and prepared economy for the future, not merely short-term gains. As a company owner, I have high hopes for this budget’s future in the digital industry and beyond.

Author: Glenn Gonsalves, CEO of RedSwitches

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Surat (Gujarat) [India] July 31 : DRC India, a leader in lab-grown diamond detection technology, is proud to announce the launch of its latest campaign, “Scan Karega India.” This initiative aims to protect consumers and the diamond industry from the inadvertent purchase of lab-grown diamonds sold as natural ones.

About ‘Scan Karega India’

“Scan Karega India” is a nationwide initiative by DRC India designed to educate and empower consumers about the importance of verifying the authenticity of diamonds. “With the rise of lab-grown diamonds, distinguishing between natural and lab-grown diamonds has become increasingly challenging. This campaign seeks to highlight the critical role that advanced scanning technology for lab-grown diamond detection plays in ensuring diamond authenticity.” says Mr. Hardik Patel, CEO of DRC.

Why ‘Scan Karega India’ is Essential

1. Unmasking the Truth: Lab-grown diamonds can appear identical to natural diamonds to the naked eye, making it easy for unscrupulous sellers to misrepresent lab diamonds as natural ones. The “Scan Karega India” campaign aims to educate consumers about this issue, enabling them to make informed purchasing decisions.

2. Protecting Consumer Trust: Accidental purchases of lab-grown diamonds can significantly damage consumer trust and tarnish brand reputations. By promoting the use of scanning technology for lab-grown diamond detection, DRC India aims to safeguard the integrity of the diamond industry, ensuring consumers receive exactly what they pay for.

3. Supporting Industry Standards: The campaign advocates for the adoption of standardised scanning and verification processes across the diamond industry. This effort helps maintain high industry standards and fosters transparency and accountability.

How to Participate in ‘Scan Karega India’

Spread the Word: Share the “Scan Karega India” message with friends and family. Use the hashtag #ScanKaregaIndia on social media to amplify the campaign’s reach.

Use Scanning Technology: Jewellers are encouraged to incorporate diamond scanning technology into their businesses to assure customers of the authenticity of their purchases.

Stay Informed: Follow DRC India on www.drcindia.in  and social media channels for the latest updates and information on diamond verification.

Join the Movement

Further Mr. Hardik Patel, CEO of DRC mentions “DRC India believes in the power of collective action. By joining the “Scan Karega India” campaign, you contribute to a larger movement aimed at preserving the authenticity and trust in the diamond industry. Together, we can ensure every diamond tells its true story.”

About DRC India: Diamtech Research Centre Private Limited is a pioneer in lab-grown diamond detection technology, dedicated to advancing transparency and trust in the global diamond trade. With a focus on innovation and reliability, DRC India continues to set new benchmarks in diamond authentication technology.

For more information about the “Scan Karega India” campaign, visit DRC India’s website or contact them at +91 99099 90884.

Instagram – www.instagram.com/drcpvtltd

Facebook – www.facebook.com/DRCPVTLTD

LinkedIn – www.linkedin.com/company/drcpvtltd

Youtube – www.youtube.com/@DRCIndia

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Revenue increases 55.99% YoY to ₹1,753.09 Mn

Recommended final dividend of 1.5% per share of Rs.10/- each for FY24

Mumbai (Maharashtra) [India] July 31 : Balu Forge Industries Ltd. (BFIL), a leading precision engineering and manufacturing company, approved its Audited Consolidated Financial Results for the quarter ended 30st June 2024, in the meeting of its Board of Directors held on 30th July 2024. 

Amount in Mn

Consolidated Financial Highlights for the Q1 FY25: 

• BFIL registered a robust revenue growth of 55.99% and revenue from operations stood at ₹1,753.09 Mn in Q1FY25 compared to ₹1,123.85 Mn in Q1FY24 because of the constant focus on client addition and continued demand for the specialized engineering products.
• EBITDA grew by 97.31% and margins expanded by 516 bps from 19.48% in Q1FY24 to 24.64% in Q1FY25 owing to increase in scale of operations and increased demand for heavier products which tend to yield better margins. 

• The board of directors has recommended a final dividend of 1.50% of the face value per equity share of Rs.10/- each for the financial year 2023-24.

• PAT margins improved by 466 bps from 14.83% in Q1FY24 to 19.49% in Q1FY25.

Commenting on the performance of Q1FY25, Mr. Trimaan Chandock, Executive Director of BFIL stated:

“We are happy to share our financial and business performance for Q1FY25, we registered robust revenue growth of 55.99% with revenue from operations standing at ₹1,753.09 Mn in Q1FY25 compared to ₹1,123.85 Mn in Q1FY24 owing to our constant focus on client addition and continued demand for our specialized engineering products. EBITDA grew by 97.31% and margins expanded by 516 bps from 19.48% in Q1FY24 to 24.64% in Q1FY25 owing to increase in scale of operations and increased demand for heavier products which tend to yield better margins. PAT grew by 104.96% and PAT margins improved by 466 bps from 14.83% in Q1FY24 to 19.49% in Q1FY25. The board of directors have recommended a final dividend of 1.50% of the face value per equity share of Rs.10/- each for the financial year 2023-24.

Our robust financial performance was an outcome of our dedicated strategy implementation focused on addition of new products into our portfolio by understanding our customer needs, diversification of customer base and offering cutting edge solutions across industries like power generation, construction, hydraulics, and wind energy. Further, the Indian forging industry is undergoing rapid transition and transformation, with superior implementation of the China+1 strategy to de-risk supply chains.

This diversification and macro change in industry landscape offers us a plethora of opportunities and provides long runway for growth. In order to appropriately capitalize on the opportunity, we are investing heavily in our capabilities which are poised to yield positive results in near future.

Apart from the financial achievement, the current quarter was marked with various remarkable business accomplishments which are focused on expanding our capability, integrating our operations and becoming a more prominent force in the critical forging and precision machining landscape:

Acquisition of three state of the art forging production lines, with a capacity of producing 72,000 tons of forged products. This comprehensive setup includes 16-ton closed die forging hammer, 10-ton closed die forging hammer and 8,000T capacity mechanical press. This acquisition not only strengthens & expands our critical engineering product portfolio but also enhances the R&D capability enabling a product portfolio expansion in newer industries. It provides us a niche strength in creating products from different alloys from Aluminium to Titanium. This is a part of our strategic vision to increasingly contribute in manufacturing highly complex products at a global scale. The new forging unit will be seamlessly integrated with our current capabilities to deliver end to end solutions under one roof with best in class, Industry 4.0, practises to ensure high level of manufacturing efficiency.   

The proposed fundraise of INR 496.80 crores will strengthen manufacturing capacity, enhance the capability and play an incremental role in making India atmanirbhar/ self-reliant in defence, railways and aerospace sector. This will further aid turning the vision of Viksit Bharat as formulated by our Honourable Prime Minister into reality. With this, we aim to procure Solid Wheel Rolling Machinery which will produce the one of the largest railway wheels of up to 1,300 mm dia & further strengthen the company’s ability to cater to field of Defence, Aerospace & Railways.

In conclusion, BFIL is committed to expanding its capabilities through strategic investments in assets and the augmentation of our team to deliver top-quality, innovation-driven products. This approach positions us as a leading player in the market. Our dedication to sustainability and continuous improvement allows us to meet current customer demands while anticipating and shaping future industry needs. As we progress, we remain focused on driving substantial revenue and profit growth, enhancing stakeholder value, and making a positive contribution to the global economy.”

About Balu Forge Industries Ltd 

Balu Forge Industries Ltd (BFIL) was Incorporated in 1989 and is engaged in the manufacturing of fully finished and semi-finished crankshafts and Forged Components. It has the capacity to manufacture components conforming to both New Emission Regulations & the New Energy Vehicles. The company has a fully Integrated Forging & Machining production infrastructure with a large product portfolio ranging from 1 Kg to 1000 Kgs. The Company has an 80+ global distribution networks and operates through both domestic and export segments. The customers include some of the renowned suppliers and manufacturers of light vehicles, agricultural equipment, power generation equipment, commercial vehicles, off-highway vehicles, ships, locomotives, and many others. The company also caters to the defence, oil & gas, railway, marine amongst other industries.

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Pune (Maharashtra) [India], July 30: Ceratec Group, a distinguished leader in Pune’s real estate sector has launched its latest residential project – Presidential Towers – in the thriving suburb of Ravet, Pune. This sprawling 4.1-acre development promises to redefine luxury living with its exquisite 2 and 3 BHK homes and a plethora of world-class amenities.

Nestled in the heart of Ravet, Presidential Towers boasts a strategic location with seamless connectivity to key destinations. Homeowners will benefit from easy access to the Mumbai-Pune Expressway, Dehu Road, and proximity to renowned IT hubs like Hinjewadi, as well as educational institutions such as Symbiosis University and D.Y. Patil University, healthcare facilities like Ojas Hospital, shopping centers and more. 

The project features thoughtfully designed units ranging from 727 sq.ft. to 1031 sq.ft., catering to the diverse needs of homebuyers. Each apartment is meticulously crafted to maximize space and comfort, with a focus on modern specifications and finishes. 

Anand Agarwal, Managing Director of Ceratec Group, expressed his confidence in Presidential Towers, stating, “We believe this project will set new benchmarks for urban living with its exceptional amenities and world-class facilities.”

The project boasts a plethora of amenities that redefine urban living. Residents can enjoy a state-of-the-art fitness centre, a refreshing swimming pool, lush green gardens, dedicated play areas, and much more. The development also features a clubhouse, a grand entrance gate, a gazebo, and a designer landscape, ensuring a holistic and enriching lifestyle.

Ceratec Group, with its 25-year legacy in Pune’s real estate sector, is known for its commitment to quality, innovation, and customer satisfaction. The group’s diverse portfolio includes iconic residential complexes, commercial spaces, and mixed-use developments that have redefined luxury and sustainability in the city. The project is scheduled for possession in December 2025, making it an attractive investment option for those seeking a premium address in the heart of Ravet.

Ceratec Group’s extensive portfolio of over 12 successfully completed projects across Pune underscores the developer’s strategic expansion and adaptability to market trends. With a proven track record of delivering high-quality projects and a steadfast dedication to innovation and sustainability, Ceratec Group remains a prominent leader in Pune’s dynamic real estate landscape.

Website: https://ceratecgroup.com/   

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New Delhi (India) July 30 : India’s startup ecosystem is rapidly growing and has long needed a catalyst to democratise entrepreneurship across the nation’s diverse landscape. The concentration of opportunities in major metropolitan areas has left a wealth of talent and innovation untapped in smaller cities and towns. 

Mr. Gaurav Singhvi, a serial investor and entrepreneur, has been investing in India’s evolving startup domain. With his extensive experience in investing and nurturing startups, Mr. Singhvi brings a fresh perspective. His focus on empowering entrepreneurs from tier 2, 3, and 4 cities aligns perfectly with India’s need for a more inclusive startup ecosystem. 

Now, to amplify his impact, Mr. Gaurav Singhvi is joining the panel of investors on The Lion’s Den Show. This business reality show gives aspiring entrepreneurs a platform to pitch their ideas and secure investments.

Beginning his career as a chartered accountant, he quickly pivoted to entrepreneurship at 24. “I come from a background where everyone in my family is in the service class. I am a first-generation entrepreneur,” Mr. Singhvi reflects on his early days.

Inspired by his mentor’s words at Reliance Industries Limited – “the finest steel has to go through the hottest fires,” Mr. Gaurav Singhvi took the bold step of launching his own outsourcing company and CA practice. This marked the beginning of a 26-year professional career characterised by constant evolution and a willingness to embrace new challenges. 

In 2015, Mr. Singhvi significantly shifted from entrepreneurship to investing in innovation. This decision came after a valuable learning experience with his online CA services portal. “I realised that either you innovate or invest in innovation. I chose the latter,” the investor explains.

Since writing his first investment check in 2015, Mr. Singhvi has invested in 122 startups over the past decade. His portfolio includes success stories like Bharat Pay, where he invested at a valuation of 18 crores and exited at a valuation of 400x.

Mr. Singhvi’s most significant contribution to India’s startup landscape came with the founding of We Founder Circle in 2020. Despite launching during the pandemic, the company has become India’s number-one angel network for two consecutive years. The network boasts 13,500 investors, with 70% coming from tier 2, 3, and 4 cities.

What sets Mr. Singhvi apart is his hands-on, approachable investment style. “I’m a people’s person. I love talking to people, unlike other investors where there are multiple layers,” he explains. This approach allows him to understand businesses intimately and make informed investment decisions.

The angel investor looks for founders who are prompt problem solvers, possess passion and the right attitude, and demonstrate the ability to pivot when necessary. His sector-agnostic strategy, coupled with a focus on emerging areas like Agritech, SpaceTech, and EV sustainability, positions him at the forefront of India’s startup revolution.

Mr. Singhvi’s decision to join The Lion’s Den Show aligns with his broader mission of democratising entrepreneurship across India. By participating in the show, he aims to dispel the notion that startup opportunities are confined to tier-1 cities. 

Looking to the future, Mr. Singhvi envisions India becoming the world’s leading startup nation within the next quarter-century— a goal he believes can be achieved by fostering entrepreneurial ecosystems in 100 cities nationwide.

As he steps into The Lion’s Den Show, donning his role as an investor, or Lion, Mr. Gaurav Singhvi carries with him not just his expertise, but the hopes and aspirations of countless entrepreneurs from every corner of India. 

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Hyderabad (Telangana) [India], July 30: Growth Stops as soon as you stop learning or adding value to your life.” Continuous learning is one of the most important criteria for being successful in Personal and Professional Life. Anyone can learn new skills, sharpen their skills or enhance cognitive abilities through continuous learning.

Few of the vast benefits of continuous learning are listed here-

·    Self Improvement

·  Sense of purpose and achievement

· Improves adaptability

· Builds self-confidence

· Professionals can remain relevant, competitive and get ahead of others

· Continuous learning can open the door to new opportunities for career advancement like promotions, salary increases, and leadership roles.

· Builds ability to face challenges, overcoming fear of failures, learning from failures.

· Builds ability to face and manage adversity

And so on…

Bhagendra, in his 36 years long career of working as an employee and an entrepreneur has experienced the value of continuous learning. At the same time Bhagendra also realised that there is no source of continuous learning for people and also realised that learning could be very expensive.

Therefore, Bhagendra, Founder of Adirishi Enterprises is making waves in the digital learning space with its extensive collection of e-books, audio books, and video courses focused on personal development.

Bhagendra Naidu, an engineering graduate with nearly three decades of experience in thermal power companies and seven years in writing and counseling, intends to make self-improvement resources accessible to all at affordable prices for everyone from the comfort of their home.

Adirishi Enterprises offers an impressive range of digital products covering topics such as personality development, the law of attraction, and memory improvement. Some ebook bundles are even priced as low as ₹1 per book.

Furthermore, the company has launched an exciting offer. “We’re thrilled to announce a huge discount for customers who purchase any product/products worth ₹1000/- or more can get an 80% discount by using coupon code JULY2024. This coupon code is available only for the first 1000 customers. This coupon code can only be used once by any customer. 

The company’s website features an integrated payment gateway that accepts all modes of payment for customer convenience. To start an impactful initiative, Adirishi Enterprises has pledged to donate 25% of its net profits to the Indian Army, demonstrating the team’s passion for national development and security.

“We have a moral responsibility towards nation-building,” Naidu states. “By supporting our armed forces, we’re investing in the safety and future of our country.”

To further encourage continuous learning, Adirishi Enterprises has introduced a referral program, allowing customers to earn discounts by recommending the platform to friends. Both the referrer and the new customer receive a ₹10 discount coupon for each successful referral, with no limit on the number of referrals.

As part of its launch, the company is also offering free downloads of four e-books: ‘Dealing with Academic Stress,’ ‘Bring Home Prosperity,’ ‘How to Prevent LPG Accidents,’ and ‘How to Prevent Car Fire Accidents.’

Naidu, who has published several books on Amazon, brings his wealth of experience to Adirishi Enterprises. “My journey in engineering and management has taught me the importance of continuous learning and adaptability,” he shares. The company’s generous offers shows its focus on making quality educational resources accessible to all.

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Mumbai (Maharashtra) [India], July 30:  Hoga Toga has become a prominent tech content platform in India, offering a diverse range of videos and blogs that cater to the ever-growing appetite for technology-related information. Founded in 2017 by Md Sitare, this tech content powerhouse has been steadily growing its presence across multiple channels, including YouTube, Google News, and its own website.

The journey of Hoga Toga began with a YouTube channel launched on October 12, 2016. Since then, it has received an impressive 6.08 million subscribers and garnered over 443 million views across 3,037 videos. This rapid growth underscores the quality and relevance of the content produced by the Hoga Toga team.

At its core, Hoga Toga wants to make technology news easier to understand for everyone. The platform covers a wide array of topics, including smartphone ecosystems, tech events, social media updates, and even popular video games like Battleground Mobile India and Call of Duty. By engaging in a variety of tech-related interests, Hoga Toga has been able to draw in a large audience.

The hardworking staff at Hoga Toga, under the direction of CEO M Guddu, is the reason for its success. The organisation has a network of writers, bloggers, and opinion-makers spread across India, contributing to the platform’s rich content offerings. This collaborative approach ensures that Hoga Toga remains at the forefront of tech news and trends.

The way that Hoga Toga gathers news demonstrates its commitment to accuracy. The team carefully gathers data from reliable sources, converses with senior writers, and verifies the authenticity of each story before publishing. 

The platform’s growth has been nothing short of impressive. In just five years, Hoga Toga has expanded its reach to over 20 million monthly users across all its platforms. 

The path of the founder, Md Sitare, is equally inspiring. Starting his career in a bag company at 18, Sitare’s passion for technology led him to create content that resonates with millions. His vision of Hoga Toga as a platform that bridges the gap between complex tech developments and the average user has been crucial to its success.

Sitare recognises the evolving landscape of digital influence. He points out the surge in ‘Online Influencers’ over the last five years, noting how people with a wide range of backgrounds built up sizable fan bases by expressing their views and interests online. Hoga Toga’s success story serves as an inspiration for aspiring content creators and entrepreneurs in India’s developing digital ecosystem.

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Hyderabad (Telangana) [India], July 30 : Ali Haq, the dynamic Director of Sanali Group, has been honored with the “MOST ENTERPRISING DIRECTOR OF THE YEAR” award by the prestigious Realty Awards for 2024. This accolade not only recognizes his visionary leadership but also highlights the remarkable achievements of Sanali Group, a company with a rich legacy founded by his father, Mohammad Noor ul Haq.
 
 Legacy and Vision
 Sanali Group was established by Mohammad Noor ul Haq, a visionary entrepreneur who laid the foundation for what has become one of the leading real estate firms in the region. Under his guidance, the company flourished, earning a reputation for excellence, integrity, and innovation in the real estate sector. Ali Haq has successfully inherited and expanded upon this legacy, driving the company to new heights.
 
 Pioneering Projects
 Under Ali Haq’s leadership, Sanali Group has embarked on numerous pioneering projects that have set new benchmarks in the industry. The company’s portfolio includes luxury residential complexes, commercial spaces, and mixed-use developments that have garnered widespread acclaim for their architectural brilliance and sustainable design.
 
 One of the hallmark projects under Ali’s tenure is the Sanali Spazio, a state-of-the-art Commercial Tower, an International standard plug-and-play facility for Software companies.

His Brother Amir Haq looks after the  residential portfolio One of the Projects is Sanali Lakeview Terraces at Raj Bhavan  Road, that combines luxury living with cutting-edge technology. This project has been lauded for its eco-friendly features, including solar panels, rainwater harvesting, and energy-efficient systems, showcasing Sanali Group’s commitment to sustainability.

Technological Integration
 Recognizing the importance of technology in the modern real estate landscape, Ali Haq has spearheaded the integration of advanced technologies into Sanali Group’s operations. From utilizing Building Information Modeling (BIM) for efficient project management to adopting smart home technologies in residential projects, Ali has ensured that Sanali Group remains at the forefront of innovation.
 
 Commitment to Quality and Customer Satisfaction
 Ali Haq’s leadership is characterized by an unwavering commitment to quality and customer satisfaction. He has instilled a customer-centric approach within the organization, ensuring that every project is delivered with the highest standards of quality and on time. This dedication has earned Sanali Group the trust and loyalty of its clients, contributing significantly to its success.
 
 Social Responsibility
 Beyond business success, Ali Haq has also emphasized the importance of giving back to the community. Under his guidance, Sanali Group has undertaken various corporate social responsibility (CSR) initiatives aimed at improving the lives of the underprivileged. These initiatives include building schools, supporting healthcare facilities, and contributing to environmental conservation efforts. One such school is Little Roses High School, where 400 children of slums are provided free education, books, uniforms, meals etc.
 
 Future Endeavors
 Looking ahead, Ali Haq has ambitious plans for Sanali Group. With a focus on expanding into new markets and exploring innovative real estate solutions, he aims to position the company as a global leader in the industry. Upcoming projects include the development of smart cities and affordable housing solutions, reflecting his vision of inclusive and sustainable growth.

Sanali Group has also expanded to Dubai and are launching very soon one of the most Luxurious Sea Front Apartment Ameri Sea Breeze. It will be managed by his sister SANA HAQ, who is an Architect.
 
 Ali Haq’s recognition as the “MOST ENTERPRISING DIRECTOR OF THE YEAR” is a testament to his exceptional leadership and the remarkable achievements of Sanali Group. By building on the strong foundation laid by his father, Mohammad Noorul Haq, Ali has not only continued the legacy but has also carved out a distinctive path for the company, making it a beacon of excellence in the real estate industry.

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Mumbai (Maharashtra) [India], July 30:  Three M Paper Boards Ltd, a Mumbai based company engaged in the business of manufacturing Recycled Paper-based Coated Duplex Board products since over 3 decades to commence its expansion plans soon post its successful public issue of Rs. 39.83 crore.

Company’s IPO subscribed over 171 times (excluding Anchor and market maker portion); Company’s shares listed on BSE SME Exchange at Rs. 76 per share – 10% premium to issue price of Rs. 69 per share

Company plans to utilize Rs. 14 crores towards capital expenditure, including the purchase of a Plastic-Fired Low-Pressured Boiler, which will use waste plastic for power generation and significantly lower power costs. The funds will also support a factory building extension to increase storage capacity and the acquisition of a sheet cutter to enhance production speed. Rs. 10 crores will be allocated for working capital and Rs. 7 crores for term loan repayment, which will smoothen operations, improve cash flow management, and lower interest costs. The remaining funds will be used for general corporate purposes and issue expenses.

Company raised Rs. 39.83 crore through its SME IPO from a fresh issue of 57,72,000 equity shares of Rs. 10 each at issue price of Rs. 69 per share. The public issue was oversubscription over 171 times (excluding Anchor and market maker portion), Retail investor segment was subscribed 175 times while Non Institutional investor segment subscribed 284 times. Shares of the company were listed on BSE SME Exchange on 22 July at Rs. 76 per share – 10% over the issue price of Rs. 69 per share.

Established in 1989, Three M Paper Boards Ltdis one of the ISO-9001 certified companies engaged in the business of manufacturing recycled paper-based Duplex Board products ranging from 200 to 500 GSM used in various packaging applications across industries such as food and beverage, pharmaceuticals, cosmetics, and consumer goods and supplies its high-quality duplex board paper products in both the domestic and international markets. The Coated Duplex Boards produced by the company are made from 100% recycled wastepaper and are fully biodegradable, making them an eco-friendly choice for packaging various FMCG and pharmaceutical goods.

The company’s manufacturing facility in Chiplun, Maharashtra is spread over an area of more than 30 acres has an installed capacity of 72,000 tons per annum (TPA) along with 4 MW captive power plant and is equipped with state-of-the-art technology for manufacturing paper boards of the global quality standard suitable for high-quality print jobs in the packaging sectors across the globe. With a vast network of over 25 dealers nationwide and export operations in more than 15 countries, Three M Paper Boards maintains a broad market reach and a strong industry presence.

For the financial year ended on March 31, 2024, Company reported revenue from operations at Rs. 272.23 crore, EBIDTA of Rs. 27.07 crore and net profit of Rs. 11.35 crore. The EBITDA was up by 25% as compared to 21.66 crores of previous financial year. The net profit was up by 170% as compared to 6.62 crores of previous financial year. The Company reported an increase in EBITDA Margin from 6.57% in previous year to 9.94% in current year. Also, the PAT margin increased from 2.01% in previous year to 4.11% in current year.

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