Category: Business

Mumbai (Maharashtra) [India], May 28: B3 QSR has officially opened its doors in Andheri West, Mumbai, setting a new benchmark as India’s largest Quick Service Restaurant. Spanning an impressive 21,000 square feet, B3 can accommodate 1,500 guests simultaneously, catering to a diverse crowd from teenagers to families.

B3 offers a unique dining experience with a wide variety of food, liquor, and beverages, accompanied by live music every day. During the day, it serves as a vibrant café for the working crowd, transforming into a lively party spot by evening. The name B3 stands for Budget Bites and Brew, emphasizing affordability without compromising on quality or experience.

The concept behind B3 comes from renowned hospitality expert Sajid Qureshi, known for successful ventures like Sincity, 18 Century, The Great Indian Dhaba, and Silken Velvet. Qureshi, a prominent figure in Bollywood and the South Indian film industry, aims to create a restaurant that combines the quick service efficiency with the ambiance of a full-service dining establishment.

B3’s business model focuses on high footfall, providing budget-friendly options that appeal to a broad audience. Following its Mumbai launch, B3 plans to expand to various cities across India, promising to revolutionize the Quick Service Restaurant landscape nationwide.

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Mumbai (Maharashtra) [India], May 28: Silken Velvet has opened its doors in BKC, Mumbai, bringing a unique blend of dining and nightlife to the city. This new establishment combines the sophistication of an internationally-styled Miami club with the diverse culinary offerings of a multi-cuisine restaurant.

Designed by hospitality veteran Sajid Qureshi, Silken Velvet has already seen an overwhelming response, with reservations fully booked for the next 30 days. The venue is split into two distinct sections: Silken, the restaurant, and Velvet, the nightclub.

Silken offers a luxurious dining experience with a Royal Blue-themed interior reminiscent of UK-style elegance. The menu boasts a variety of cuisines, including North Indian, South Indian, Chinese, and Italian, crafted by top chefs. Guests can enjoy a refined atmosphere perfect for both corporate and casual dining.

Velvet, on the other hand, transforms into a high-end nightclub after dark, featuring world-class entertainment, live music, and performances by renowned singers, dancers, and DJs. During the day, Velvet serves as a chic café, ideal for working professionals and teenagers seeking a stylish yet comfortable place to relax or work. The nightclub’s interior, dominated by a purple palette, creates an immersive experience enhanced by high-quality sound and lighting designed by international experts.

Silken Velvet aims to be the new hotspot in Mumbai, offering an unparalleled combination of dining and entertainment. Following the success of this launch, Sajid Qureshi plans to expand Silken Velvet to Bengaluru and other major cities across India.

Sajid Qureshi, the mastermind behind Silken Velvet, is a prominent figure in both Bollywood and the South Indian film industry, known for his roles as a producer and director. His previous ventures in the hospitality sector include popular brands like B3, Sincity, 18 Century, and The Great Indian Dhaba. With Silken Velvet, Qureshi continues to showcase his flair for creating innovative and captivating experiences.

With its captivating ambiance, diverse food and drink offerings, and top-tier entertainment, Silken Velvet is set to become the talk of the town, providing stiff competition to other restaurants and nightclubs in the area.

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Bangalore (Karnataka) [India], May 28:  Surging ahead with its nationwide expansion, Oben Electric, a homegrown performance electric motorcycle brand has announced its foray into key markets including the capital city – Delhi, Pune and Kerala, while bolstering its presence in Bengaluru. Commitment to establishing a formidable presence across India, the company will target launching 50 new showrooms and service centers in 12 major Indian cities by the end of this year.

Oben Electric strategically extends its footprint with showrooms in Delhi’s Pitampura and Pune’s Wakad area, marking its presence in these crucial markets. In Kerala, dealership showrooms have been unveiled in Kochi and Trivandrum, augmenting the brand’s penetration in the southern region. Furthermore, prime showroom locations have recently debuted in Bengaluru, including Banashankari, Rajajinagar, and Electronic City, in addition to the existing experience center in HSR Layout. With this expansion, Oben Electric now boasts a total of 8 showrooms across these key locations, consolidating its stronghold in strategic markets.

Oben Electric’s rapid expansion is fueled by its flagship electric motorcycle, the Oben Rorr. Recognized as one of India’s safest electric motorbikes, the Rorr features an 8 kW IPMSM motor, accelerating from 0-40 kmph in 3 seconds with a top speed of 100 kmph. It sets a new benchmark in India’s electric two-wheeler market, offering a certified range of 187 km (IDC) and innovative LFP cell technology for extended battery life and enhanced heat resistance, ensuring a thrilling and reliable ride.

Commenting on the expansion prospects, Ms. Madhumita Agrawal, Founder and CEO of Oben Electric, stated, “We are thrilled to announce the launch of new showrooms across cities, marking a significant milestone in our expansion journey. With our strategic entry into the vibrant markets of Delhi, Pune, and Kerala, alongside our continued growth in Bengaluru, we are solidifying our position as an emerging leader in India’s electric vehicle industry. Our commitment to leading the EV revolution nationwide is evident as we focus on building a strong network of showrooms and service centers pan-India. We strive to deliver an unparalleled experience for eco-conscious consumers, showcasing our unwavering dedication to sustainability and innovation.”

The new showrooms exemplify Oben Electric’s innovative design ethos, with dedicated areas for immersive customer experiences. Featuring interactive spaces, customers can explore the Oben Rorr up close, accompanied by a curated selection of accessories and merchandise for enthusiasts. These locations, also functioning as Oben Care service centers, provide end-to-end servicing, spare parts support, and an enriched customer journey. Utilizing cutting-edge technologies for detailed product information and engaging experiences, these showrooms underscore Oben Electric’s commitment to exceptional support and service across cities, strengthening its network and customer satisfaction.

To learn more about Oben Electric and their innovative electric motorcycles, please visit their website at www.obenelectric.com.

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New Delhi [India], May 28: A revolutionary entity, Hamster Air Conditioners, is entering India’s air conditioning market in response to the increasing temperatures. Hamster AC, which was established in 2014 by Loyal India, has rapidly transformed the industry through its exceptional energy efficiency. Standout in the market, Hamster AC is the only brand to offer a commercial warranty in India and is the best choice for commercial use. This year is a significant milestone for the brand, as it celebrates a decade of groundbreaking accomplishments and a steadfast dedication to addressing consumer requirements.
 
Known for its dependable and enduring solutions, Hamster AC, a leader in the air conditioning industry, is headquartered in Kerala and has subsidiaries throughout South India. The company’s commitment to excellence is evident in its industry-leading five-year warranty for the complete device, a groundbreaking offering in the Indian market. A devoted customer base that proudly supports the brand has been established as a result of Hamster’s efficient after-sales service and generous warranty.
 
Their product line includes a diverse selection of models with capacities ranging from one to two tons, making them suitable for both residential and commercial applications. Hamster AC split air conditioners are the ideal blend of silent operation and ergonomic design, seamlessly integrating into any setting. The Tri-hybrid AC, their most recent product, surpasses the energy efficiency of even the most sophisticated inverter models, thereby establishing new standards. It is important to note that Hamster’s non-inverter, fixed-speed variants are renowned for their exceptional durability, rendering them particularly well-suited for commercial applications.
 
A notable characteristic of Hamster AC is its remarkable capacity to reduce electricity expenses by nearly 50%, rendering it an ideal option for individuals who prioritize environmental sustainability. Their air conditioners are equipped with 100% high-grade copper coils, which ensure exceptional performance and long-lasting durability. By incorporating an eco-mode, 24-hour timetable, and R32 refrigerant, this cooling solution is both cost-effective and environmentally beneficial.
 
Hamster’s dedication to delivering exceptional service is apparent in every facet of its operations. Each consumer is assured of uninterrupted comfort by a team of expert professionals. Additionally, IDFC First Bank provides practical financing options that render Hamster AC ownership more accessible than ever.
 
Join the smart living revolution with Hamster as it celebrates its 10th anniversary and extends an invitation to dealers and distributors across India. With its unwavering commitment to excellence and state-of-the-art technology, Hamster AC is redefining the air conditioning industry. Hamster AC is democratizing the experience of luxurious comfort by offering energy-efficient, high-quality conditioning solutions.

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Mumbai (Maharashtra) [India], May 28:  Sheth Realty, a pioneering force in the real estate sector, launched its maiden redevelopment venture in the heart of Mumbai, at the hands of rapper, singer, song writer and producer Badshah. Located in the vibrant neighbourhood of Sion, Sheth Realty’s newly launched project, spread across an approximate 2 acres, will see the coming together of a blend of premium residential spaces, retail outlets, and will include a serene temple within the premises.

A spectacular launch event held at the project site in Sion on Saturday, May 25, 2024 had renowned rapper, singer, song writer and producer Badshah in attendance. The joint-venture between the two signifies a convergence of expertise and innovation, as it brings together Aakshaya Group’s stellar track record in managing large-scale projects and Sheth Realty’s vision for transformative urban landscapes together.

The project is being undertaken by Sheth Realty in a strategic partnership with Aakshya Realty, a distinguished construction service enterprise renowned for its forward-thinking approach. The launch of Sheth Realty’s latest project in Sion signifies not just a real estate venture, but the creation of a gateway to a luxury and convenience filled lifestyle.

Commenting on the project launch, Mr. Chintan Sheth, Chairman and Managing Director, Sheth Realty said, “Going beyond just scale and turnover, our vision at Sheth Realty is about crafting lasting legacies in real estate. We aim to be the premier developer of choice, where discerning clients actively seek out our projects for their unparalleled quality and innovation. The launch of our first redevelopment project in Sion by Badshah signifies the beginning of this journey towards excellence. As a tech-driven company, we understand the needs of the market like no other, and this project is a testament to our commitment to delivering top-class luxury offerings that redefine urban living.”

Sharing his views Mr. Lakshyya Gupta, Managing Director, Aakshya Realty said, “The launch of our Sion project by the Badshah was a moment I have cherished immensely. Mumbai with its vibrant spirit and ever-evolving landscape, serves as the perfect canvas for transformational redevelopment projects like ours. At Aakshya Realty, we leverage cutting-edge technology to stand out in a competitive market, ensuring that our developments not only meet but exceed the expectations of our discerning clientele. With this project, we are not just building homes; but also creating experiences that elevate the standard of urban living. We are excited to play a significant role in reshaping the city’s skyline while providing residents with the ultimate in comfort, style, and sophistication.”

In his remark’s rapper, singer, song writer and producer Badshah said, “Just as we craft melodies in the air, let’s forge dreams on the solid ground of Sion. Just as every note forms a symphony, every brick laid here echoes the promise of a vibrant future. Today does not mark the launch of a real estate venture but makes for the dawn of a journey turning dreams into reality. It was an honour witnessing the fusion of creativity and construction. I am excited to see this project resonate with the pulse of a vibrant community’s aspirations.”

Featuring exclusive Grand 2 & 3 Bed Residences with deck, catering to discerning individuals seeking sophistication and comfort, the project includes residences spanning from 650 to 1100 square feet, each unit epitomising luxury living at its finest. Over 45 meticulously curated amenities, spanning three levels – TERRA – The Ground floor, POD – The Podium, and CIEL – The Sky Promenade – that promise residents an unparalleled lifestyle experience. From a sprawling infinity swimming pool on the rooftop to a state-of-the-art gymnasium and banquet hall, every facet of modern living has been meticulously considered.

By opting for solar panels, energy-efficient lighting, rainwater harvesting, and a sewage treatment plant, Sheth Realty has focussed on environmental sustainability for a greener tomorrow. The project’s strategic location ensures easy access to prominent CBDs like BKC, Nariman Point, and Thane making Sion the ideal choice of an address for both residents and investors alike. Projected to be completed within four years from the commencement of construction, Sheth Realty has ensured attractive pricing and flexible payment plans, as it aims to cater to the diverse needs of the market while upholding its reputation for quality and timely delivery.  

As Mumbai’s most sought-after destination undergoes a transformation, Sheth Realty’s presence in Sion signifies not just a real estate venture, but is a gateway to a lifestyle synonymous with luxury and convenience. As it rapidly emerges into a highly desirable location, offering a blend of modern amenities and traditional charm, Sion is undergoing significant upgrades, enhancing the lifestyle of its residents.

From retail stores to temples, Sion ensures that daily needs and spiritual pursuits are easily met making for convenient living. Standing out with its cutting-edge technology, offering sophisticated living spaces, this new redevelopment project promises a contemporary lifestyle while being surrounded by the rich cultural heritage of Sion, making it an ideal place to call home.

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Ahmedabad (Gujarat) [India], May 27: Toyota Kirloskar Motor has launched the all-new Toyota Urban Cruiser Taisor, a dynamic addition to its robust and full range of versatile SUV line-up in India, marking its re-entry into the A-SUV segment. The Urban Cruiser Taisor was unveiled in Ahmedabad at DJ Toyota, the authorised dealer of Toyota Kirloskar Motors on Saturday.

The all-new Toyota Urban Cruiser Taisor is positioned to offer a sense of prestige derived from modern styling, cutting-edge features and advanced technologies, making it a perfect choice for Indian customers. The new product further reinforces Toyota’s commanding presence in the SUV category.

“We are thrilled to unveil the much-awaited Urban Cruiser Taisor in Ahmedabad, which is an exceptional addition to the diverse Toyota lineup in India. The Toyota Urban Cruiser Taisor meets the evolving mobility requirements and lifestyle preferences of the modern customer. The response to the Toyota Urban Cruiser Taisor has been amazing,” said Raj Joisar, Dealer Principal of DJ Toyota.

The all-new Urban Cruiser Taisor is available in 1.0L Turbo, 1.2L Petrol and E-CNG options. The 1.0L Turbo is available in 5-speed manual transmission and 6-speed automatic transmission, thus offering a versatile choice for customers who prioritise both power and performance preferences.  While the 1.2L Petrol comes in 5 Speed Manual Transmission and Intelligent Gear Shift (IGS), the 1.2L E-CNG is available in 5 Speed Manual Transmission.

It delivers a maximum power of 100.06 PS @ 5500 rpm in the 1.0L Turbo option, offering a power-packed driving experience with the segment best fuel efficiency of 21.5 km/l for Manual and 20.0 km/l for Automatic. The 1.2L Petrol Engine offers a maximum power of 89.73 PS @6000rpm with a fuel efficiency of 21.7* Manual and 22.8*(AMT) km/l. The all-new Urban Cruiser Taisor is also available in the E-CNG option offering fuel efficiency of 28.5* km/kg.

DJ Toyota started operations in August 2022 and within a short span of just 18 months, it has delivered more than 3,000 cars and serviced more than 30000 vehicles, becoming the fastest-growing car dealership in the city. With customer satisfaction being the prime focus, its service workshop is open 24×7 & our showroom remains open on all Sundays. 

“Our commitment to customer satisfaction and service led us to be awarded the Best Debutant Dealer & Best Genx Dealer by FADA in our first year. We are proud to share that we are coming up with a state-of-the-art service workshop in Ognaj next month & another dealership in Vastral this year, which will allow us to serve our clients even better,” Mr Joisar said.

DJ Toyota organises exclusive events for customers, such as Navratri celebrations, Diwali gifting through personal visits to all clients, off-roading drives, car service at the doorstep, rural caravan & service camps & many more.

The all-new Urban Cruiser Taisor combines a power-packed performance, best-in-class fuel efficiency and a striking exterior design offering a sense of pride associated with Toyota’s SUV legacy. Its unique and stylish aerodynamic exterior design, combining form and function is aimed to enhance both visual appeal and performance. The SUV also integrates advanced powertrain technology to ensure that the Urban Cruiser Taisor delivers a seamless balance of performance and efficiency.

Moreover, safety features with 6 airbags, Vehicle Stability Control with Hill Hold Assist & rollover mitigation in addition to other advanced features will ensure a safe driving experience. Modern tech features such as Head-Up Display, 360 View Camera, wireless charger and the (9”) HD Smartplay Cast infotainment system with wireless Apple CarPlay and Android Auto connectivity will fulfil customers’ aspirations for a seamless and convenient journey.

With its stylish exterior, refreshing interior, and advanced technological features, we are confident that the introduction of the Urban Cruiser Taisor will further reinforce Toyota’s robust presence in the SUV segment. Overall, the segment is becoming extremely popular owing to evolving lifestyle preferences where buyers are looking for a versatile vehicle suitable for multi-usage.

The new addition will complement Toyota’s existing and comprehensive SUV lineup comprising LC300, Legender, Fortuner, Hilux and Urban Cruiser Hyryder as they continue to uphold strong positions in their respective segments.

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Hyderabad (Telangana) [India], May 27:  HRH Next, South India’s premier Business Process Outsourcing (BPO) services provider, is proud to announce its strategic partnership with one of India’s most trusted instant loan apps. The new operations will be led from HRH Next’s Coimbatore Delivery Center! This collaboration signifies HRH Next’s continued commitment to delivering exceptional customer engagement and streamlined business processes across diverse industries.

Delivering Unmatched Value

HRH Next will offer specialized services to the instant loan app, focusing on two critical areas: Debt Collection and Customer Onboarding.

Debt Collection: Leveraging a high-end customer-centric approach, HRH Next will ensure timely debt collection, significantly boosting revenue streams for the app.

Customer Onboarding: HRH Next will facilitate the seamless onboarding of new customers, providing comprehensive guidance on rules and regulations, and effectively expanding the app’s customer database.

A Trusted Partner in Business Process Management

“Our collaboration with India’s emerging instant loan app underscores our commitment to providing superior customer service and business solutions,” said Ankit Sanjay Shah, Managing Director of HRH Next. “We are excited to bring our expertise to this partnership and help our client achieve their goals through enhanced customer engagement and efficient processes.”

Comprehensive Service Offerings

HRH Next offers a wide range of services designed to meet diverse business needs, including:

Inbound and Outbound Call Services: Utilizing cutting-edge technology and comprehensive market research to deliver efficient customer service and increase engagement.

Voice bots and Chatbots: Providing automated, personalized customer care to foster loyalty and improve the user experience.

Premium Vernacular Services: Offering support in multiple languages to ensure a smooth and stress-free customer journey.

Omnichannel and Digital BPO: Enhancing customer experience through various channels such as live chat, email, social media, and phone support.

About HRH Next

With over an 80-year legacy in entrepreneurship, HRH Next has evolved from Hyderabad Radio House, a consumer durables giant, to a leading Business Process Management Company. Specializing in contact centre services and with 15 years of expertise in the industry, HRH Next employs state-of-the-art technology, digital and assisted channels, and proven methodologies to deliver impactful results.

In a monumental move that underscored its position as a trailblazer in the industry, HRH Next made history by going public with an Initial Public Offering (IPO) on the National Stock Exchange (NSE) in January 2024, headquartered in Hyderabad. The company has strategically positioned centres in Warangal, Nizamabad, Bangalore, Coimbatore, and Tumkur. Each of these centres serves as a hub of excellence, fostering innovation, and driving operational efficiency.

As part of its expansion strategy, HRH Next is now setting its sights on serving customers in northern India. With this vision in mind, the organization is gearing up to launch another state-of-the-art delivery centre in northern India.

For more information, visit www.hrhnext.com

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Mumbai (Maharashtra) [India], May 27:  Rudra Ecovation, a leader in sustainable innovations, recently partnered with AYCS (All You Can Street) for an event at the JIO Convention Centre in Mumbai. Celebrated as India’s foremost platform for urban streetwear and eco-friendly fashion solutions, the AYCS event saw Rudra Ecovation as the Sustainability Partner, playing a pivotal role in promoting sustainable fashion.

At the AYCS event, over 250 brands were showcased, including a special segment called Sustainable Street, which highlighted brands committed to using sustainable raw materials. A key player in this segment was Rudra Ecovation Ltd, which made a notable impact on raising awareness about sustainable practices. Rudra Ecovation Ltd significantly contributes to environmental sustainability by recycling capacity of up to 8.8 million plastic bottles daily. This initiative helps prevent around 145,525 metric tons of CO2 emissions annually, effectively reducing plastic waste and greenhouse gas emissions, thus supporting global sustainability efforts.

The carpets used at the AYCS event, made by recycling over 150,000 post-consumer plastic bottles, underscored Rudra Ecovation’s commitment to environmental sustainability and set new standards in green fashion. Rudra Ecovation’s product portfolio stood out at the event, showcasing their innovative non-woven carpets and Anaura a sustainable alternative for unsustainable fabrics.

Ishani Malhotra, Head Anaura and Anaura Home, highlighted the company’s innovative recycling techniques, emphasizing the conversion of plastic bottles into both practical and stylish items. She stressed that this approach not only reduces waste but also establishes a new benchmark for the industry. Rudra Ecovation is at the forefront of sustainable waste management, particularly in the comprehensive recycling of post-consumer PET bottles, including labels and caps, which are transformed into valuable products like partially oriented yarn (POY) and vegetable crates.

Malhotra underscored the company’s dedication to maximizing the value derived from waste materials. ” We buy waste; we don’t sell waste. Our aim is to extract the utmost value from the waste material processed at our facility,” she affirmed. This strategy not only minimizes environmental impact but also promotes the circular economy, demonstrating Rudra Ecovation’s commitment to sustainable practices. Recycling isn’t just about environmental stewardship; it’s also a potent tool for combating climate change. 

Anaura: Future-Proof Fashion

Rudra Ecovation’s Anaura line transforms PET bottles into 320,000 square meters of fabric daily. These sustainable, versatile materials ensure comfort, durability, and minimized environmental impact. Anaura epitomizes stylish, eco-friendly wardrobes by replacing unsustainable fabrics with premium, recycled alternatives.

Anaura-Home: Eco-Friendly Living

Extending sustainable ethos to home textiles, ANAURA-HOME offers a range of eco-friendly products, including cozy throws, elegant curtains, luxurious bedsheet sets, and stylish cushion covers. Each piece is crafted with a commitment to creating a greener, more beautiful world. ANAURA-HOME presents a sustainable alternative to traditional, unsustainable fabrics, utilizing eco-friendly materials that preserve natural resources and protect the environment. 

“Anaura is a revolutionary product designed with our planet in mind. Embracing recycling is a crucial step towards sustainability. By choosing to wear a single T-shirt made from sustainable fabric, you actively contribute to saving trees and protecting the environment. One T-shirt can make a significant impact. Brands have shown keen interest to collaborate with Rudra Ecovation for using Anaura as the raw material instead of fabric looking at the quality, flexibility and comfort along with a green statement which Anaura brings to the brands.” said Ishani Malhotra, Head Anaura and Anaura Home.

“We received an overwhelmingly positive response from all the brands, especially those targeting Gen Z, who are keen to collaborate with us,” said Sanjeev Khanna, Vice-President of Rudra Ecovation Ltd. He added, “I’m pleased I had the chance to personally meet with all the brands here. Everyone was astonished by the high quality of products that can be made from recycled materials.”

Rudra Ecovation is committed to transforming waste into valuable resources. By recycling every element of PET bottles, including rims and labels, the company is leading the charge in sustainable fashion and home textiles. Their revolutionary products, like Anaura, are designed to save the planet by reducing waste and promoting green fashion.

For more information, visit the website https://rudraecovation.com/

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Mumbai (Maharashtra) [India], May 27:  Exhicon Events Media Solutions Ltd, an EXHICON Group Company, listed on the BSE has announced its outstanding financial results for the fiscal year 2023-2024.

The company’s exceptional performance highlights its financial strength, operational excellence, and unwavering commitment to innovation, sustainability, and value creation for its stakeholders.

The results for FY 2023-2024 reflect the company’s strategic initiatives and dedication to maintaining a leadership position in the exhibitions and events industry. The company in the last one year has successfully acquired seven businesses and committed to driving innovation, promoting sustainability, and delivering superior value to its stakeholders.

Financial Highlights for FY 2023-2024:

• Revenue Growth: EMSL achieved a remarkable 48.84% increase in business revenue, soaring from INR 59.87 Cr in FY 2022-2023 to INR 89.12 Cr in FY 2023-2024
• EBITA: EBIDTA of FY 24 is up at INR 20.12 Cr, against the EBIDTA of the FY 23 at INR 13.80 Cr
• Consolidated Profit After Tax (PAT):The PAT is up from INR 9.16 Cr in FY 23 to INR 14.22 Cr in FY 24, up by 66 bps indicating improved efficiency.
• Standalone Sales: Standalone sales experienced a rise of 9.43%, increasing from INR 38.23 Cr in the previous fiscal year to INR 41.84 Cr.
• Standalone PAT: Standalone PAT also saw a 9.2% growth, climbing from INR 5.78 Cr in the last fiscal year to INR 6.31 Cr.

PAT margins after minority interest are up by 66 bps as EMSL presently owns only 51% of Maple Heights Business Centre LLC. EMSL intends to increase the holding to 76%.

Highlights

• Standalone revenue increases 9.43% after restructuring, would have grown 20% without the effect of restructuring                                                         
• Standalone SGA by 50 bps due to higher investment in salaries and increased office presence                                                           
• Standalone PAT margins down by 4 bps only. Would have increased by 30-50 bps, however, some government related business moved to FY25 due to announcement of the general election

Analysis                                                       

EMSL completed its internal structuring in H2 FY24 wherein:                                                  

• The business serving end clients/exhibitors/brands was moved to its 99% subsidiary Digiglobe Advertising.        
• The overseas business was moved to its 51% subsidiary Maple Heights LLC Dubai.
• Venue related and business focused on serving event/exhibition organizers were retained in EMSL                                                 

As part of restructuring                                                   

Top-line of INR 4.2 Cr/PAT 0.67 Cr was moved to Digiglobe in H2 FY24.                                          

Top-line of INR 5.3 Cr/PAT 0.93 Cr was moved to Maple Heights LLC in H2 FY24 resulting in reduction of INR 9.5 Cr of revenue and INR 1.6 Cr PAT from standalone numbers to its subsidiaries in H2 of FY24.                                                          

The adjusted H2 of FY24 figures for EMSL standalone adjusted to effect of restructuring would have been approximately INR 27.2 Cr sales and INR 3.96 Cr PAT in H2 FY24.                                

The adjusted Full year FY24 figures for EMSL standalone, adjusted to effect of restructuring would have been approximately INR 50.24 Cr sales and INR 7.90 Cr PAT.                

The effect of shift of revenue and PAT from EMSL to Digiglobe is largely neutral as the same is 99% consolidated. However, the effect of shift of revenue and PAT from EMSL to Maple Heights is neutral for revenue but only 51% of PAT is consolidated leading to lower PAT percentage.

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New Delhi (India), May 27: Another Feather in Abhee Venture’s Crown, the latest Abhee Riviera Royale boutique apartments at Haralur, HSR Extn, Bangalore has sold almost 75 percent of the inventory during its Pre-Launch phase itself. 

Situated in a sprawling 1 Lakh 75 thousand sqaure feet of area, this project redefines luxury living with its exquisite design, top-notch amenities, and prime location. The emphasis on luxury permeates every corner of this residential enclave, creating a haven of tranquility amidst the bustling cityscape.

With the demand for classy housing on the rise in Bangalore, Abhee Riviera Royale stands out as a beacon of excellence. The BBMP and RERA approved project offer a total of 96 units comprising 2 BHK and 3 BHK configurations, which has garnered immense attention from homebuyers seeking the perfect blend of comfort, convenience, and sophistication.

The success of Abhee Riviera Royale can be attributed to various factors, with its prime location being chief among them. Situated in HSR Extn, Haralur, one of Bangalore’s finest neighborhoods, where the residents enjoy easy access to a host of public amenities as well as infrastructure such as schools, hospitals, shopping centers, and entertainment hubs. It is also close to Two Major Metro stations, Kudlu Namma Metro is just 1 km away and Iblur Metro is 3 kms away.

Beyond the confines of the residential complex, the neighborhood of HSR Extn in East Bangalore offers a plethora of opportunities for recreation, entertainment, and cultural enrichment. From trendy cafes and gourmet restaurants to boutique shops and art galleries, residents are spoiled for choice when it comes to exploring the vibrant local scene

The strategic location, coupled with excellent connectivity to key areas of the city, has made it a preferred choice for homebuyers seeking a cosmopolitan lifestyle.

Living at Abhee Riviera Royale is not just about owning a luxurious apartment; it’s about embracing a new way of life—a premium lifestyle that promises to elevate every aspect of daily living. From the moment residents step into the grand foyer of the complex, they are greeted by an ambiance of sophistication and refinement that sets the tone for what lies ahead.

Furthermore, the pre-launch phase of Abhee Riviera Royale witnessed unprecedented demand, indicating a strong appetite for premium housing in Bangalore. The project’s emphasis on contemporary design, and thoughtful amenities has resonated well with buyers looking to invest in their dream home.

Speaking on the remarkable achievement, Mr. R Nagaraj Reddy, Founder & Managing Director of Abhee Ventures Pvt Ltd, expressed his delight, saying, “We are thrilled to see such an overwhelming response to Abhee Riviera Royale. It is a testament to our commitment to delivering exceptional living spaces that cater to the evolving needs of modern families. We are grateful to our customers for placing their trust in us and look forward to exceeding their expectations.”

The success story of Abhee Riviera Royale is not just a testament to the project’s design and appeal but also to the resilience of the real estate sector in Bangalore. Despite challenges posed and economic uncertainties, the project’s record-breaking sales underscore the enduring demand for premium properties that offer a blend of luxury, comfort, and value.

As construction progresses and the project nears completion, anticipation is high among homeowners eager to experience the epitome of luxury living at Abhee Riviera Royale. With its remarkable pre-launch success, this residential marvel is poised to set new benchmarks in the realm of upscale living in Bangalore, reaffirming the city’s status as a preferred destination for homebuyers seeking excellence in every aspect of life.

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