Category: Business

Mumbai (Maharashtra) [India], May 2: AVG Logistics Limited, a leading multimodal logistics solutions provider, has secured a significant contract from a renowned electrical appliance manufacturer to revolutionize the transportation of electrical appliances. Leveraging cutting-edge Multi-Modal Connectivity (MMC), AVG Logistic Limited is poised to transform the surface transportation industry by adopting eco-friendly practices.

Under this groundbreaking agreement, AVG Logistic Limited will deploy rail transportation (Erstwhile Road Movement) to ensure the safe, reliable, and efficient movement of a range of appliances including washing machines, air conditioners, refrigerators, dishwashers, and other household appliances with contract value ofapprox. Rs. 50 cr. to be served over a period of 3 years.

This initiative underscores AVG’s commitment to sustainability and green logistics through innovative transportation solutions that promote eco-conscious operations within the logistics sector. The utilization of rail for logistics operations highlights AVG Logistic Limited’s steadfast dedication to reducing carbon emissions and advancing sustainable transportation practices.

Commenting on recent update, Mr. Sanjay Gupta Managing Director & CEO, AVG Logistics Limited said, “We are excited about this new contract. It’s a big win for us and shows our commitment to use greener transportation methods. Under this contract we will be extending logistics solutions by moving washing machines, air conditioners, refrigerators, dishwashers, and other home appliances more safely and efficiently. 

We are focused on making our logistics operations more sustainable for the environment and for our customers. We remain dedicated to innovation, strategic partnerships, and an unwavering focus on customer satisfaction”

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Gurugram (Haryana) [India], May 2: Factacy announces the launch of startupinvestors.ai, its AI-powered investor discovery platform for Indian startups.

Addressing the needs of Indian entrepreneurs seeking investors, Factacy’s AI logic scans through over 2 million web pages and regulatory fillings to generate a list of the most relevant investors for every startup in India.

Team Factacy explains, ‘A closed team of founders and investors collaborated in developing these machine learning models. These models mimic the investment styles and strategies of all active investors using varied attributes, continuously learning from every deal that transpires daily. Subsequently, the startup’s profile is matched to these investment styles, and investors are sorted according to relevancy for each startup.’

According to data from Factacy’s financial intelligence platform, in the last two years, 1 out of every 4 investors has invested for the first time and subsequently participated in multiple deals. However, founders have often relied on familiar names of early and growth-stage investors, potentially missing out on opportunities to quickly close their funding rounds with actively and aggressively investing individuals and institutions.

Factacy’s AI engines have analyzed over 6,000 investment deals and profiled more than 10,000 investors. These profiles are matched to every individual startup in India, providing a unique list of investors that align with the current stage and sector of the startup. Founders can search for their startups and download a list of these potential investors.

Inderjit Singh Makkar, founder of Factacy AI powering startupinvestors.ai, suggests, ‘Before reaching out to investors, founders should extensively profile potential investors. Founders should determine if investors are actively investing in the startup’s sector, stage, and round size that matches their startup.’

Inderjit Makkar continues, ‘With startupinvestors.ai, Factacy aims to streamline the entire fundraising process. Every hour saved by an investor and a founder is reinvested into building their ventures.’ 

Startupinvestors.ai joins aicite.ai as part of Factacy’s flagship financial intelligence platform, factacyinsights.com 

About Factacy:

Factacy, an AI startup with 80+ years of combined expertise, is empowering Indian startups with tailored AI solutions, driving efficiency and growth. Fast emerging as a leading player in the development of AI-powered intelligence platforms, Factacy empowers organizations with valuable market intelligence derived from data, enabling data-driven decision-making and driving growth.

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Mumbai (Maharashtra) [India], May 2: Krishca Strapping Solutions Limited, a leading provider of comprehensive packaging solutions in the steel industry and a distinguished manufacturer and exporter of high tensile steel strapping, is pleased to announce its successful acquisition of a contract Order from Shyam Metalics and Energy Limited for TMT Strappings.

The contract is valued at ₹ 1.81 crore and extending until March 31st, 2025, with a commitment to delivering timely and satisfactory services, Krishca anticipates the potential for an increase in order value in the foreseeable future.

This order acquisition not only underscores Krishca’s prowess in meeting the specialized packaging needs of the steel industry but also reinforces its position as a trusted partner for businesses seeking superior packaging solutions.

Commenting on this achievement Mr. Lenin Krishnamoorthy Balamanikandan, Promoter, Managing Director & Chairman of the company said, “We are thrilled to announce the acquisition of this significant contract with Shyam Metalics and Energy Limited. This partnership underscores our commitment to delivering top-notch packaging solutions tailored to the unique requirements of the steel industry. Our team’s dedication to quality and reliability has once again been recognized, further solidifying our position as a trusted leader in the market. We look forward to exceeding expectations and fostering a long-lasting, mutually beneficial relationship with Shyam Metalics and Energy Limited.”

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Ahmedabad (Gujarat) [India], May 2: Varmora Plastech, a pioneering name in the market of household essentials, announces a revolutionary shift towards BPA-free plastic products, marking a significant milestone in ensuring consumer safety and environmental sustainability.

In response to growing concerns regarding the health risks associated with Bisphenol A (BPA), Varmora Plastech has undertaken a bold initiative to eliminate this harmful chemical from its entire range of home essentials. This strategic decision reflects the company’s unwavering commitment to prioritizing consumer well-being and promoting eco-conscious practices.

BPA, a synthetic compound commonly found in plastic products, has long been linked to adverse health effects, including hormonal disruptions, developmental issues, and increased risk of certain diseases. Recognizing the need for safer alternatives, Varmora Plastech has invested extensively in research and development to engineer a diverse portfolio of BPA-free solutions without compromising on quality or performance.

The transition to BPA-free products reinforces Varmora Plastech’s dedication to fostering a healthier and more sustainable future for its customers. By adhering to stringent safety standards and leveraging innovative manufacturing processes, the company aims to set a new benchmark for excellence in the industry.

“We believe that every home deserves access to safe and reliable essentials that enhance both daily life and long-term well-being,” said Mr. Bhavesh Varmora, founder at Varmora Plastech. “Our commitment to producing BPA-free products reflects our core values of integrity, quality, and innovation. We are proud to lead the charge towards a safer, healthier world for generations to come.”

Varmora Plastech’s BPA-free range encompasses a diverse array of household items, including food storage containers, drinkware, kitchen utensils, and more. Each product is rigorously tested to ensure compliance with the highest safety standards, providing consumers with peace of mind and confidence in their purchasing decisions.

With this bold initiative, Varmora Plastech invites consumers to join the movement towards a safer, more sustainable future. By choosing BPA-free products, individuals can take proactive steps towards safeguarding their health and minimizing their environmental footprint.

Contact:

Varmora Homeware

Mr. Raj Kumar Varmora
Website: https://varmoraplastech.com/
Phone number: 9909908083

Work Office Address:

Plot no: 3, Survey 1, Block No: 86
PO-Vasma Chancharwadi
Near Divya Bhasker Press, Bavla Chandogar Highway
Pincode – 382213
Gujarat, India

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PhoneDekho.co.in to offer top-quality used smartphones at unbeatable prices

Surat (Gujarat) [India], May 1:  Phone Dekho, the re-commerce brand of ACCE Global Software specialising in renewed and pre-owned smartphones, is all set to revolutionise the smartphone buying experience with the launch of its website PhoneDekho.co.in on Wednesday. The portal will offer top-quality smartphone devices at unbeatable prices.

PhoneDekho.co.in offers a diverse range of refurbished and pre-owned smartphones from leading brands such as Apple, Samsung, and more. The devices come with a one-year warranty and at half or even lower the price of the new phone.

Rozy Shaikh, Founder of PhoneDekho.co.in, said, “Our mission is to make high-quality smartphones accessible to all, regardless of budget constraints. We are committed to providing certified refurbished, renewed phones and pre-owned smartphones. Every device we sell undergoes rigorous quality checks and refurbishment processes before being made available for purchase. We also offer warranty to buyers, ensuring reliability along with affordability.”

What also sets PhoneDekho.co.in apart is its swift delivery service. Customers in most major cities across the country can expect to receive their phones within 24 hours of placing the order. This commitment to prompt service is aimed at addressing address the growing demand for reliable and efficient smartphone purchases.

“We identified a gap in the market for a trustworthy source of pre-owned smartphones with swift delivery. With PhoneDekho.co.in, customers can now purchase top-quality smartphone devices at a significantly lower cost compared to new phones. Our processes ensure they can flaunt the latest and best smartphones without compromising on quality,” Ms. Shaikh said further.

The company’s journey began in 2019, driven by a desire to address the challenges faced by consumers in the re-commerce market. The company procures used phones from Flipkart, which are then refurbished at its centres in Kolkata and Surat. The phones were sold through the offline channel initially, but the founders realised the huge demand for used phones after they started selling on Amazon, which led them to launch their own website and cater to the maximum number of customers.

“The launch of PhoneDekho.co.in marks a significant milestone in our quest to serve a wider audience,” Ms. Shaikh added.

To mark the launch of the website, PhoneDekho.co.in also announced a limited-time offer of Buy 1, Get 1 Free, for its first 25 customers, reflecting its commitment to providing affordable smartphone solutions to customers.

Kalpesh Goti, Managing Director of Greenleaf Envirotech Ltd. Surat an entrepreneur turn philanthropist decided to write books on unsung heroes working tirelessly to preserve the rivers, which are the lifelines of countless communities. Motivated by their dedication, Kalpesh decided to share their stories with the world through the book.

“This book serves three purposes. The first is recognition of these water warriors and celebration of their work. Secondly, raising awareness about the importance of river conservation with their stories, and thirdly, to inspire collective action towards protecting rivers,” explains Kalpesh.

At the heart of the book is the narrative of 30 water warriors whose relentless efforts embody the spirit of resilience and stewardship. Through their stories, Kalpesh aims to ignite a nationwide dialogue on the urgent need for wastewater treatment infrastructure and environmental preservation. The book also details Kalpesh’s leanings from his journey and the challenges in wastewater treatment.

If you had done outstanding or remarkable Job to save water, please reach out on mail id: info@glepl.com You can also nominate the person working tirelessly for saving water for the society.

Mumbai (Maharashtra) [India],May 1: Sai Swami Metals and Alloys Limited, one of the leading players in trading and marketing of a comprehensive array of stainless-steel products, has announced its plan to go public with an Initial Public Offering (IPO) on April 30, 2024. The company is aiming to raise ₹ 15Crore at the price of ₹ 60 per share through this IPO, with shares set to be listed on the BSE SME platform.

The issue size is Up to 25,00,000 equity shares at face value of ₹ 10 each. 

Equity Share Allocation

•  Non-Institutional Investors (NII) – Up To 11,86,000Equity Shares
• Retail Individual Investors (RII) – Up To 11,86,000Equity Shares
•  Market Maker – Up To 1,28,000 Equity Shares

The net proceeds from the IPO will be utilized to meet Incremental Working Capital Requirements, Invest in Subsidiary Companies, Purchase Machinery, and for General Corporate Purposes. The Issue closes on 03rd May 2024.

The Lead Manager to the Issue is Swastika InvestmartLimited. The Registrar to the Issue is Bigshare Services Private Limited.

Mr. Nipun Anantlal Bhagat, Chairperson & Managing Director of Sai Swami Metals and Alloys Limitedexpressed, “The opening of our Initial Public Offering marks a significant milestone for Sai Swami Metals and Alloys Limited. This IPO is a pivotal moment for us as we continue to expand and innovate in the stainless-steel industry. We have built a reputation for delivering high-quality stainless-steel kitchenware products under our esteemed brand ‘DOLPHIN’. 

This strategic allocation of funds will not only enhance our operational efficiency but also strengthen our market position and facilitate further growth and expansion. By investing in subsidiary companies and purchasing advanced machinery, we aim to enhance our production capabilities and broaden our product offerings, thereby catering to a larger customer base. We are excited about the opportunity this IPO brings and look forward to further strengthening our position in the market.”

Mr. Sunil Nyati of Swastika Investmart Limited said, “Sai Swami Metals and Alloys Limited has demonstrated strong growth and a commitment to quality and innovation in the stainless-steel industry. The strategic utilization of net proceeds reflects the company’s vision and growth plans. We believe that Sai Swami Metals and Alloys Limited’s IPO represents a significant milestone in the company’s journey and underscores its potential for future success.”

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New Delhi (India), May 1: Axita Cotton Limited, a prominent player in the textile industry, has recently showcased an impressive performance in its financial results for the fiscal year 2023-24, indicating a promising outlook for immediate gains. With a notable surge in revenue and profitability, coupled with strategic initiatives and positive market sentiment, the company appears primed for an upward trajectory in the near future.

The fiscal year 2023-24 witnessed Axita Cotton Limited achieving remarkable milestones, with its revenue soaring to Rs. 1104 crores, reflecting an outstanding increase of 100.89 percent compared to the previous fiscal year’s figures. This substantial growth underscores the company’s robust operational performance and its ability to capitalize on market opportunities effectively.

Moreover, the announcement of a 10 percent dividend for shareholders further reinforces the company’s commitment to value creation and enhances investor confidence in its growth prospects. This declaration signals management’s confidence in sustaining growth momentum and generating sustainable returns for stakeholders.

In addition to the impressive top-line growth, Axita Cotton Limited recorded a commendable increase in net profit, which surged by 20.49 percent from the previous fiscal year. This upward trend in profitability underscores the company’s efficient cost management and operational excellence, contributing to enhanced shareholder value.

Chairman and Managing Director of Axita Cotton Limited, Nitin Patel, attributed the stellar financial performance to the collective efforts of the company’s workforce and the strategic deployment of new technologies. He emphasized the company’s commitment to integrating acquisitions seamlessly, adhering to its strategic roadmap, and fostering sustainable revenue growth.

Furthermore, Axita Cotton Limited’s engagement in the ginning and pressing of seed cotton, coupled with its diverse product portfolio encompassing cotton bales, cotton yarns, and cotton seeds, positions it favorably in the market. The company’s leadership in organic cotton supply underscores its commitment to sustainable practices, contributing to long-term environmental and social sustainability.

With a robust export business accounting for more than 40 percent of its gross revenue, Axita Cotton Limited is well-positioned to capitalize on international market opportunities, particularly in countries such as Bangladesh, China, Vietnam, and European nations. The company’s focus on Better Cotton Initiative (BCI) and Fairtrade practices further enhances its reputation as a responsible corporate citizen, aligning with evolving consumer preferences for ethically sourced products.

In conclusion, Axita Cotton Limited’s exceptional financial performance, coupled with its strategic initiatives and commitment to sustainability, positions it as a compelling investment opportunity in the short term. With a positive market outlook and a trajectory of continued growth, investors can anticipate favorable returns as the company navigates the evolving landscape of the textile industry. Given its promising prospects, it wouldn’t be surprising to see the stock touching ₹45 in the near future, further solidifying its status as a lucrative investment option.

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New Delhi [India], May 1: Travomint, an online travel agency that offers pocket-friendly travel booking services to customers across the globe has today announced that it won the title for ‘One of the Fastest-growing Travel Companies in India’ at the prestigious Times Business Awards, North 2024 for its exceptional growth and innovative approach. This recognition highlights Travomint’s commitment to providing economic travel bookings and its dedication to customer satisfaction, under Alok K Singh’s leadership.

With a relentless focus on leveraging cutting edge technology to enhance the travel booking experience, Travomint continues to expand its reach as well as solidify its position as a leader in the travel industry. This recognition further motivates the team to strive for excellence and go above and beyond in today’s constantly changing landscape of the travel industry.

I was profoundly honored to have even been nominated by The Times of India’s Times Business Awards, “said Mr. Alok K Singh, Co-founder and CEO of Travomint. “I’m truly humbled by this recognition, honors like this are not won by a single individual but by a stellar team and the exceptional customers who have put their trust in Travomint. To be recognised among such great leaders and businesses is an honor in and of itself, but also a testament to the talented team members I have endeavored to surround Travomint with every day to get to this point”.

Established in 2016, Travomint aims to streamline travel bookings globally. Co-founded by Indian siblings, its headquarters are in India. Utilizing a hybrid model, Travomint enables digital or phone-based ticket reservations. With legal presence in over 10 countries, including India, USA, UAE, UK, Canada, Singapore, and Hong Kong, it now serves customers in 60+ countries. Prioritizing convenience, choice, and value, Travomint provides diverse flight, hotel, and vacation package options worldwide at competitive rates.

The Times Business Award honors the achievements of entrepreneurs and professionals. It recognizes leaders across various categories who have excelled in their fields. The awards ceremony was graced by Suniel Shetty, a well-known Indian film actor, known for his diverse roles.

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New Delhi (India), April 30:  Uppercase, a sustainable Indian luggage brand has recently won a coveted Best Product award from Red Dot design award, for their product Bullet. They are the first Indian luggage brand in 69 years to win this award. Recognized internationally for the excellence in product design, this accolade underscores Uppercase’s commitment to innovation and sustainability through its product.

Bullet is a smart, durable, eco-friendly trolley bag which is one of the bestselling products of the company and is made out of recycled plastic. It is ideal for environmentally conscious customers who want to travel without the guilt of harming nature.Their commitment to sustainability extends beyond the product itself, in the last 17 months their flagship design bullet has led to the recycling of an equivalent to 60,000 plastic bottles , making a positive impact on the planet.

“Winning this award is a great milestone for Uppercase,” says Sudip Ghose, Founder and MD. “It’s a positive recognition of our unwavering commitment to design excellence, something that’s truly embedded in Uppercase’s DNA. We believe that luggage shouldn’t have to compromise on style, affordability, or sustainability. This award validates that vision. We want to empower our customers to travel with confidence, knowing their luggage reflects their sense of style while minimizing their environmental footprint.”

With a commitment of crafting efficient, fashionable, and environmentally friendly luggage. Uppercase is on a mission to become a market leader in the sustainable luggage industry. The company believes that style and eco-consciousness go hand in hand, empowering travelers to make a positive impact without sacrificing on the design. 

About Uppercase:

Uppercase is a leading travel gear brand dedicated to empowering conscious explorers. Recognizing that exploration and environmental responsibility can go hand-in-hand, Uppercase designs and manufactures stylish, high-quality travel essentials crafted from recycled materials and using sustainable practices. Their innovative product line includes eco-friendly backpacks, trolley bags, duffels, and shoulder bags

Founded by passionate travel enthusiasts committed to the planet, Uppercase fosters a positive impact by partnering with environmentally conscious young people. Together, they advocate for a more sustainable future of travel.

For more information, visit: https://uppercase.co.in/

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