Category: Business

New Delhi (India), May 10: Dr. Ajit Kamath, Founder & Managing Director of Arch Pharmalabs Limited, a Mumbai based globally acclaimed research-focused vertically integrated pharmaceutical company, which contract manufactures Active Pharmaceutical Ingredients (APIs), and provides contract research and manufacturing services (CRAMS) with a presence in over 75 countries was conferred the prestigious Honorary Professorship at University of California, Berkeley.

Dr. Kamath has substantial top-level decision-making and risk-taking experience at Arch Pharmalabs Limited which is a dynamic world-class company for over two and a half decades. On receiving the honor, Dr. Kamath said, “I am honored and humbled by the academic board of The University of California – Berkeley’s decision to confer on him the prestigious Professorship and expressed appreciation for the recognition of his work & look forward to a long-term fruitful association with University of California – Berkeley. May you all have the good fortune of knowing someone who will encourage you to experience the joy and satisfaction that comes from helping others.”

Arch Pharmalabs Ltd is an Indian corporation with its headquarters in Mumbai. Arch offers several USFDA-approved facilities with a variety of chemical capabilities ranging from kilograms to tones. In the realm of producing Active Pharmaceutical Ingredients and Intermediates, Arch has been at the forefront of recruiting and implementing ground-breaking technology. Arch has been commercially producing a variety of import alternatives and complicated intermediates, including blockbuster pharmaceuticals like Atorvastatin, Rosuvastatin, Ursodeoxycholic Acid, and others. It has recently expanded into Lithium compounds.

Berkeley alumni, faculty, and researchers include more Nobel laureates, Turing Award winners, Fields Medallists, Wolf Prize winners, and MacArthur “Genius Grant” recipients than those of any other public university in the nation; they have also won 30 Pulitzer Prizes and 19 Academy Awards. The university has produced seven heads of state or government; six chief justices, including Chief Justice of the United States Earl Warren; 22 cabinet-level officials; 11 governors; and 25 living billionaires. It is also a leading producer of Fulbright Scholars, MacArthur Fellows, and Marshall Scholars. Berkeley alumni, widely recognized for their entrepreneurship, have founded numerous notable companies, including Apple, Tesla, Intel, eBay, SoftBank, AIG, Morgan Stanley, etc.

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New Delhi (India), May 10: Dr. Deepak Shenoy, MD of one of India’s fastest-growing pharmaceutical companies, Ms. Medec Dragon Pvt Limited, was conferred with the prestigious Title Honorary Professorship by The University of California- Berkeley.

Dr Deepak Shenoy’s company Medec Dragon Pvt ssLimited, is a research-based pharmaceutical company. It has been growing exponentially because of the forward-looking approach of Dr. Shenoy with the risk-taking abilities in the current challenging situations at a time when the Pharma industry is facing a difficult task in pricing, clinical trials hurdles & regulatory approvals. The company exports to over 75 countries globally. The company provides anti-malarial, expectorant, emetic, CNS, anti-retro-viral, ace inhibitor, erectile dysfunction, animal health, anti-cancer, and diabetic APIs, as well as pain management products. It also offers formulations, such as anti-malarial finished dosages, animal health products, anti TB drug therapy products, expectorants/cold preparations/mucolytic, lozenges, and multivitamin syrups, analgesics, anti-obesity products, erectile dysfunction, and hormone replacement therapy products, and topicals.

Dr. Shenoy is responsible for worldwide strategy and commercial growth at Medec Dragon Pvt Limited. Having vast knowledge about the field, Dr. Shenoy is bringing inventions that nobody has ever talked about. Medec Dragon’s 70 + formulation brands are being marketed in multiple countries, of which the dossier is in CTD format along with its respective bioequivalence. Their synergistic collaboration with WHO-GMP manufacturing facilities is backed by an excellent rapport with their clients.

University of California – Berkeley alumni, faculty, and researchers include more Nobel laureates, Turing Award winners, Fields Medalists, Wolf Prize winners, and MacArthur “Genius Grant” recipients than those of any other public university in the nation; they have also won 30 Pulitzer Prizes and 19 Academy Awards. The university has produced seven heads of state or government; six chief justices, including Chief Justice of the United States Earl Warren; 22 cabinet-level officials; 11 governors; and 25 living billionaires. It is also a leading producer of Fulbright Scholars, MacArthur Fellows, and Marshall Scholars. Berkeley alumni, widely recognized for their entrepreneurship, have founded numerous notable companies, including Apple, Tesla, Intel, eBay, SoftBank, AIG, Morgan Stanley, etc.

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New Delhi (India), May 10: BLS International, a trusted global tech-enabled services partner for governments and citizens, released today the consolidated financial results for the fourth quarter and full year ended March 31, 2022.

For the quarter comparative from January to March FY22 viz FY21: 

• Operational Revenue stood at ₹8 crores in Q4 FY22, up by 75.5% from ₹144.6 crores in Q4FY21
• EBITDA stood at ₹0 crores in Q4 FY 22, up from ₹10.1 crores in Q4FY21
• PBT is ₹3 crores in Q4FY22 compared to ₹15.6 crores in Q4FY21.
• Profit After Tax (PAT) for the quarter ended March 31,2022 is ₹2 crores compared to₹23.0 crores in the same period of last financial year.

For the full year comparative from April to March FY22 viz FY21: 

• Operational Revenue stood at ₹9 crores in FY22, up by 77.7% from ₹478.4 crores in FY21
• Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) of ₹9 crores in FY22 compared to ₹39.8 crores in FY21 for the corresponding period
• Profit Before Tax (PBT) is of ₹0 crore in FY22 compared to ₹48.4 crore in FY21
• Profit After Tax (PAT) of ₹2 crore in FY22 compared to ₹50.3 crore in FY21
• EPS for FY22 stood at ₹86, as compared to ₹4.90 for FY21

Net cash, bank and equivalents balance stood at ₹404.2 crores as on 31^st March 2022.

Updates during FY2021-22: 

• Expansion & New Centers in Visa & Consular Business:
  • Signed renewal contract with Royal Thai Embassy for visa services
  • Signed contract with the Republic of Philippines, Department of Foreign Affairs to provide epassport renewal services in Italy, Qatar and Malaysia
  • Won the contract for attestation and legalization services from UAE Embassy in Manila, Philippines
  • Won contract for Italy Visa Processing Services in Russia
  • Signed contract with the Embassy of India in Kuwait for Consular, Passport & Visa Services
  • Launched Immigration Consultancy for Canada

Ø  National Business Correspondent (Starfin) Business:

• Won contract with Bank of Baroda for Corporate Business Correspondent
• Selected as National Business Correspondent for India’s largest bank, State Bank of India
• Empanelled by Punjab National Bank & Central Bank of India for National Business Correspondent business

Ø  Other Businesses:

• Partnered with Knowledge Catalyst to issue Digital Health Certificates for passengers travelling to and from Singapore.
• Awarded the contract for e-Mitra Kiosks in Rajasthan for 5 districts including Jaipur, Alwar, Ajmer, Jodhpur and Nagaur
• Partnered with Flipkart etc. to provide last mile services across the country
• Partnered with File Solutions Limited to manage the identity management services for Nigerians in London, UK
• Becomes the official service provider to support ICCR’s protocol services to VVIP Foreign & Indian Delegations in India and Overseas
• Partnered with UTIITSL (UTI Infrastructure Technology & Services Ltd) to undertake verification, registration and e-card printing services across India
• Partnered with National Health Authority as service provider to process Ayushman Bharat Cards across India

Commenting on the company’s performance, Mr. Shikhar Aggarwal, Joint Managing Director, BLS International, said, “We are delighted with the performance of the year and latest quarter – revenue grew by 75.5% and 77.7% for Q4FY22 and FY22 respectively. Despite the Omicron wave in January, we have delivered a strong Q4 FY22 with robust growth in revenue and profitability.

At a full year level, we have delivered exceptional performance by signing new contracts with various governments across our businesses. Our domestic projects in Punjab, Uttar Pradesh, Rajasthan & Starfin continue to outperform while Visa services has shown tremendous resilience and consular services has surpassed pre-COVID levels of business performance. We expect sustained momentum with the opening up of borders and increased appetite for global travel.

In line with our focus on rewarding shareholders, the Board has approved a bonus issue of 1:1 i.e. 1 bonus equity share for each 1 fully paid equity shares held, subject to approval of shareholders. The Board has also considered and recommended a final dividend, if approved by the shareholders, aggregating INR 5.12 Crores i.e. INR 0.25 per share (Nominal Value of INR 1.00 per share).

We continue focusing on spreading our reach far and wide with prudent emphasis on organic as well as inorganic growth which meets our internal rate of return threshold”.

About BLS International: 

BLS International Services Limited (“BLS International”), a trusted global tech-enabled services partner for governments and citizens, having an impeccable reputation for setting benchmarks in the domain of visa, passport, consular, citizen, e-governance, attestation, biometric, e-visa and retail services since 2005. The company is recognized as “India’s Most Valuable Companies” by Business Today Magazine, “Best under a Billion” company by Forbes Asia and ranked amongst “Fortune India’s Next 500 companies”.

The company works with over 46 client governments including Diplomatic Missions, Embassies & Consulates and leverages technology and processes that ensure data security. The Company now has an extensive network of more than 15,500 centers globally with a robust strength of over 20,000 employees and associates that provide consular, biometric and citizen services. BLS has processed over ~62 million applications till date globally.

BLS International is certified with CMMI DEV V2.0 and SVC V2.0 and adheres to ISO 9001:2015 certified for Quality Management Systems; ISO 27001:2013 for Information Security Management Systems; ISO 14001:2015 for Environmental Management Systems; ISO/IEC 45001:2018 for Occupational Safety and Health; ISO/IEC 20000-1:2011 for IT Service Management; ISO 26000:2010 for Social Responsibility; ISO 23026:2015 for System Engineering and Management Requirements; ISO/IEC 28000:2017 for Supply Chain Management System; ISO/IEC 27002:2013 for Management of Information Security; ISO 31000:2018 for Risk Management; ISO 27001:2013 for Risk Management of Information.

BLS International is the only listed company in India in this domain with operations spread across 66 countries.

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May 10: Raviteja Adapa, Founder and managing partner of Ledgerchain, powered by Bintex Futures, discusses how the future of business could be built on blockchain.

On paper, blockchain is irrefutable. It delivers transparency, it’s immutable, self-governed, and secure. The only thing holding the technology back until recently was a lack of understanding from traditional businesses. Now, with the growing acceptance of crypto, and the adoption of Bitcoin by major institutional players, the potential behind blockchain technology is being realised in business.

Spreading to other sectors

Traditionally applied to crypto and financial markets, most recently we’ve seen how blockchain technology can be used within art and culture in the form of non-fungible tokens (NFTs). NFTs recently received mainstream attention with the sale of artist Beeple’s “Everydays – The First 5,000 Days,” by Christie’s for $69 million. Elsewhere, assets such as shoes and real estate are being tokenised and worked with on-chain.

Due to its vast capabilities, industries from insurance to gaming to education to agriculture could take advantage of blockchain technology. By running their business on blockchain, organisations will be able to speed up processes and increase auditability, automation, and the transparency of shared data. Importantly, bringing blockchain-based processes to company operations eliminates the timeless issue of “single point of failure.”

The tech behind blockchain

Vamsi Sagar Gunda, Vice President of LedgerChain, powered by Bintex Futures, explained  that yearly spending on blockchain solutions will reach nearly $16 billion by 2023. Yet despite this, many won’t implement blockchain-based solutions because of its connection with the crypto world and lack of knowledge of the technology.

Typically, technological advancements take a while to reach a level of maturity that can be accepted by the wider market. Like other new technologies, such as the internet, blockchain will follow the same path of adoption in the years to come. However, when the time comes, blockchain and smart contracts will remove the traditional hurdles many organisations face such as a lack of transparency, reduced security, low efficiency and speed, heightened costs, and an absence of traceability. Blockchain will do this by relying heavily on cryptography and the automation and unbiased processes of using code.

To boil it down to the basics, the public ledger inherent in blockchain makes transactions 100% visible to anyone, creating full traceability and transparency, and consequently security as ill-actors’ movements can be followed easily. Confirmations between blocks can take mere seconds or minutes which is a gamechanger in terms of ensuring efficiency and ushering in a new era of high-speed and instant transactions. Finally, the technology’s cryptographic hashing functions enable immutable transactions. These hashes work as identifiers for the data blocks; the hash of each block is created in relation to the preceding block, which is what links them together. It is this process that further ensures a blockchain’s security as transactions cannot be manipulated or altered once executed.

Blockchain governance

An important element of blockchain projects is a focus on governance capabilities. Even though the crypto industry is decentralised, it still manages to organise and run itself while ensuring fair and transparent operations. This is because projects implement their own governance models, whereby proposals are put forward and voted on for approval by holders of the specific blockchain’s coin or token.

Crypto manages to achieve this form of governance while holding true to the founding ideals of decentralisation and democratisation. That’s not to say that centralised finance (CeFi) and traditional organisations can’t implement similar models. Just as enterprises will gradually increase adoption of blockchain technology, they too can begin to put business decisions to a vote, and in turn, see an increase in community engagement.

Early blockchain adopters and the way forward

Kalyan Kolluri , Vice President of LedgerChain, powered by Bintex Futures,   further explained, this technology still has much to prove, blockchain is already being used by countless organizations that realize its potential. These include IBM, British Airways, shipping company Maersk, healthcare provider Pfizer, and HSBC. British Airways, for example, is working with several other airlines to trial blockchain COVID-19 credentials. IBM and Maersk have teamed up to create the TradeLens blockchain platform, which is designed to capture important information about each shipment in a supply chain in real-time. And DHL and Accenture have created a blockchain-based serialization prototype to track pharmaceuticals across the supply chain.

The growing examples of traditional enterprises using blockchain prove that the technology can help solve countless issues. With mainstream adoption on the rise, conversations about what business built on blockchain will look like continue to evolve.

He further said , new blockchain LedgerChain is useful for Develop the cutting edge technologies in different verticles for a smoother and faster transactions at a negligible gas fee.

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May 10: Our vision to elevate the building construction landscape of Karnataka is constantly fueled by acknowledgment, gratitude, and recognition. We are thrilled to announce that Ace Interiors and Architects have achieved yet another feat by receiving the award for the Best Interior Designing Company of the Year 2022. It also brings us immense pleasure to share that we are the only architecture and interior design Company from the state of Karnataka to have ever won the award.

The prestigious award was conferred upon us by a highly regarded jury from the Global Scholars Foundation under the broad theme of the Bhartiya Udyog Ratna. The managing partners of Ace Interiors and Architects, Mr.Rohan Aroza and Mr. Ashwin Dev received the award for the Best Interior Designing Company from Padma Shri Dr. Vijay Kumar Shah who was also the Chief Guest at the awards ceremony.

Our determination to design the best quality spaces for every client has inspired us to always be on top of our game. As Rohan Aroza and Ashwin Dev inch towards completing two decades in the AEC industry, they are focused to amplify Ace Interiors and Architects to serve a wider set of clients. Being the top interior design company in Karnataka, we are planning a holistic roadmap for the firm as a one-stop solution for design, project management, and civil construction services.

A young, dynamic, and vibrant team of architects and interior designers at Ace Interiors and Architects relentlessly work towards achieving this goal. Together, we work on a wide spectrum of architecture and construction projects in the residential, commercial, healthcare, hospitality, and institutional domains. To ensure that our services are the best-in-class, we rely on a strong network of contractors, manufacturers, and suppliers who help us execute every project seamlessly.

As the Best Interior Designing Company in Karnataka, we want to make ourselves more approachable and relevant. Hence, our design solutions reflect the finest quality of finishes attained in a cost-effective manner. We design spaces to achieve the highest grade of user comfort, health, and lifestyle. We love customizing design solutions because we believe that every client is unique and deserves a space that showcases who they truly are. By taking into consideration every little detail, we provide exactly what the client seeks.

Receiving the Best Interior Designing Company 2022 award has validated that we are heading in the right direction and meaningfully contributing to people’s lives. We are highly charged to achieve exponentially growing success in the coming years.

You can also visit our website www.aceinteriors.co to explore our work. If you are a Mangalore native, you can also drop by our office to join us for a discussion over coffee. You can find us at 210, City Arcade, Balmatta Bendoorwell Road. Udupi Mandavi Court 1st floor office no 6.

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May 10: Kolkata based luxury preowned cars sales, service, and support outlet, MS Motor India recently sold a Mercedes E class to Bengali-rooted acclaimed actor and director, Mr. Parambrata Chattopadhyay at the best price in town.

Mr. Parambrata Chattopadhyay is a recognized Indian actor and director born and brought up in Kolkata. He has been working in the film-making and acting industry since 2002.

MS Motor India had the privilege of getting in touch with this multi-talented actor and director by selling a Mercedes E class to him. The dealership has multiple sales and service outlets all across Kolkata. They are well-known multi-brand used car dealers. From offering sales to support services, they do it all under one roof. All thanks to their intricately hired well-educated staff.

MS Motor India offers a good deal of hassle-free and fairly priced automobile services to its customers. They assist their customers thoroughly in all kinds of documentation, transfer procedure, easy car finance, genuine car evaluation, and more related to their motor vehicle.

All their customers will have to do is come and take a free test drive if they plan to buy a car from them. In the case of selling their car, the customers can expect to have the best price in town, as they would properly evaluate the car by going over to their residence.

MS Motor India deals in non-accidental, non-meter tempered, premium, super-premium, mid-range, and celebrity cars in all brands. To be more specific, they only deal in new cars that have registered after at least 2019.

They offer all India finance service and have over 150+ cars all stocked under one roof. They are renowned for having the highest car stock in the state of West Bengal right now. All the cars offered by them is trusted by over 3 lakh+ people all over India & come with 3 free services.

Whether it is selling a car, arranging finance for it, or getting the car insured, the car service company also offers a host of relevant services related to motor vehicles to their clients. Some of the motor vehicles brands offered by MS Motor India to their customers include BMW, Mercedes, Volvo, Jaguar, Porsche, Ferrari, Rolls Royce, Land Rover, Range Rover, Skoda, Audi, Jeep, Lamborghini, Bentley in the premium segment and Maruti Suzuki, Hyundai, Tata, Volkswagen, Nissan, Datsun, Kia, MG, Honda, Renault, Mitsubishi amongst others.

MS Motor India has been in the used car dealing, selling, and buying business for the past 12 years. They have been buying and selling preowned cars to celebrities for ages now. Apart from selling Mercedes E class to Mr. Parambrata Chattopadhyay, they recently also sold Bollywood fame, Ajay Devgan’s Volvo xc 90 in Kolkata.

Visit their Instagram and Facebook to get a glimpse of motor vehicle images, car collections, enquiries, and more.

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