I Am Bhojpuriya

Category: Business

  • Ms. Parul Tarang Bhargava named as Promising Women CEO of the Year by Business Mint – Primex News Network

    Ms. Parul Tarang Bhargava named as Promising Women CEO of the Year by Business Mint – Primex News Network

    New Delhi (India), May 4: When it comes to ‘Women Entrepreneurship’ we can very well examine the impending participation of women in diverse sectors of the economy. In this process of examination, we came across the names of some of the inspiring women entrepreneurs who’ve made a mark in society with their impactful and inventive visionary attitudes. No matter what field they chose, their potency to embark on the fire of independence and reformation is applaudable in every sense. One such champion known for redefining the chapters of women’s potential for emendatory work in the affiliate is Parul Tarang Bhargava. She is a charismatic leader and one of the most refined women entrepreneurs in the field of digital and performance marketing in the country.

    Parul Tarang is an Angel Investor, Speaker, Leader, and the Co-Founder of vCommission Media Private Limited. She was recently privileged with the prestigious title: “Promising Women CEO of the Year – 2022, Global Affiliate Network Category”. She bagged this award for giving a remarkable performance in the world of affiliate marketing. It is all result of 10 years of hard work, commitment, and dedication. She is having diverse skill sets ranging from Digital Marketing to Performance Marketing and Sales. The astute services offered by the company are E-Commerce, Travel, Finance, Insurance, iGaming, Nutra, and hosting. The company has made remarkable collaborations with esteemed firms like Walmart, Amazon, Alibaba, Myntra, Agoda, Shopee, Qatar Airways, etc.

    According to her, firstly a woman entrepreneur needs to keep a clear vision amidst the haziness of uncertainties and keep faith in her capabilities. She must be having a sound understanding of their target audience and know well how to maintain overall consistency and trust in the competency of her decisions.

    Career Background

    Parul Tarang Bhargava has been brought up in a modest, gender-neutral environment at home. She doesn’t hail from an established business family; she has started everything from the scratch. She has completed her B. Tech (IT) from Guru Gobind Singh Indraprastha University and started her journey from a content writer to the CEO of the Company. Her journey started way back in the year 2006 when she was trying out new ideas to get fresh perspectives about the business world to make good efforts to bring impact

    vCommission Success Journey starting from 2006- till present

    Parul’s company, vCommission is a pioneering face in India’s leading global affiliate marketing network with an exemplary vision to bring something distinct. The company is a subsidiary of Adways VC India Pvt. Ltd. It is a joint venture with Tokyo Stock Exchange-listed company Adways Inc. (Japan), the No. 1 Affiliate Marketing company in Asia.

    In 2013, the brand did a merger with Adways which is regarded as a mentor in mobile marketing in the entire Asian continent.

    In 2015, the company made it to the list of top 50 Alexa rankings. In the next year, the company went ahead to invest in ten start-ups. Within a span of a decade, the brand has vigorously reached the gigantic numbers of working with 100k+ affiliates, harboring 80 million in monthly traffic, 2.5 million conversions, and 2-billion-dollar worth monthly GMV.

    In 2018 vCommission became a top-notch partner for global brands. Taking the legacy of proficiency into the foreground, the company won the award for ‘Best E-Commerce Company’ in 2019 at the Indian Affiliate Awards.

    In 2022, the brand stands as India’s pioneer global affiliate and is considered as value compulsive brand. It has also been recognized as ‘Brand of the Year 2021’ and ‘top 30 Most Trusted Brands to Watch in 2021’.

    Parul has successfully steered the company to great achievements ever since its inception.

    Being a triumphant women entrepreneur herself, she gives credence to learning and implementing some major tips and tricks that have contributed to her journey of entrepreneurship.

    Here are those tips and tricks…

    She believes that ups and downs are an inevitable part of anyone’s journey. She also proudly admits that they have been a part of her life too, but these failures have only taught and helped her to come out victorious in all the challenges.

    For her, everything narrows down to two things. The first is highly aspirational and the second you must always remain open to learning new things. These two factors have played an instrumental role in chasing bigger goals in life.

  • Dhanvarsha Finvest Ltd.’s Loan book grows at CAGR of 184% – Primex News Network

    Dhanvarsha Finvest Ltd.’s Loan book grows at CAGR of 184% – Primex News Network

    Mumbai (Maharashtra) (India), May 4: Dhanvarsha Finvest Ltd. (BSE: 540268) has intimated the exchanges of a business update. The company’s provisional loan book as on March 2022 stood at Rs. 3050 Million, growing at a CAGR of 184%. Growth in loan book driven by robust disbursement to MSMEs. The loan disbursement grew at a CAGR of 601%.

    The number of customers grew from 5935 (FY21) to 34842 (FY22) YoY, and lenders grew from 2 to 29 over 2 years, owing to the confidence of lenders in the company’s model. The company’s distribution also grew from 2 to 40 over a period of 2 years.

    Dhanvarsha’s mission started with an idea – an idea to ‘build social capital’ by aiming to provide credit solutions to India’s large underserved and underbanked MSME segment. Promoted under the aegis of the 80 year old Wilson Group of Mumbai, the company aims to provide timely, affordable and sustainable access to credit to the country’s almost 500 million under-served borrowers, either through its own balance sheet or via significant distribution tie-ups coupled with its robust technology engine.

    The company prides itself on highest standards of corporate governance and transparency with an eminent and completely Independent Board that comprises of veterans from banking, fintech, taxation, regulation, and global businesses. Management has been carefully recruited from renowned institutions like Bank of America, Capital First, HDFC Bank, IDFC, Oberoi Realty, PWC, SKS Microfinance, Union Bank of India and more.

  • Yuvti by Bhupendra Singh, sings the hymns of rich Indian tradition, rekindled through Hand Crafted Royal Poshak – Primex News Network

    Yuvti by Bhupendra Singh, sings the hymns of rich Indian tradition, rekindled through Hand Crafted Royal Poshak – Primex News Network

    Yuvti aims to provide women artisans with sustained employment and a sense of purpose apart from adding a dash of authenticity and style to the market.

    Mumbai (Maharashtra) [India], May 4: Bhupendra Singh’s brand, ‘Yuvti’ is here to breathe fresh air into the market. Yuvti brings you styles that come with a story. The story of our artisans who work tirelessly to bring out their best work with every piece they create. We strive to provide them with sustained employment and a sense of purpose apart from adding a dash of authenticity and style to the market.

    When we see a handcrafted piece, one of the first things that come to mind is ‘tradition’. It’s something authentic, old and almost extinct. This is where Yuvti comes into the picture. The label aims to create a balance between contemporary and traditional designs by bringing out pieces that are not just stylish but also sustainable.

    With its diverse network of artisan and karigar communities dedicated to producing and designing an ongoing tradition of sustainable ethnic wear, Yuvti aims to promote Handcrafted products, longevity, ethical sourcing, and aspects of sustainable fashion. With a thorough understanding of the Rajputana culture and values, Yuvti seeks to deliver its customers the greatest unbridled and unparalleled experience. It is one of the most premium stores for Bridal Rajputi Poshak, Exclusive Sarees, Vibrant Suits, Rajputi wear, Hand Printed sarees, Traditional Rajputi Men’s wear, Traditional Rajputi Men’s accessories, and Women’s accessories. They are curated using the most superior quality markets with their in-house dying and personal Karigars for unique and intricate designs.

    Mr. Bhupendra Singh, the proud owner of Yuvti, said, “Female artisans are immensely encouraged when their hard work is valued in an otherwise cluttered marketplace. Yuvti aims to give its talent exposure globally. With Yuvti, we aim to present traditional Rajasthani culture to people across the globe to experience and enjoy the delicate work of age-old Indian weavers and artisans.

    Mr Bhupendra Singh, through Yuvti, wants to fulfill a larger goal- to make the Rajasthani art form thriving yet again and make it accessible to all. Yuvti believes that the royal Rajputana attire with exquisite craftsmanship and imperial designs should be accessible to every woman who gets a chance to adorn it with sheer sophistication and grace. Be it for a subtle occasion or a grand wedding, the designs and price range caters to the requirements for all.

    This is where royalty meets jubilance, which the art form delivers. Yuva also realizes that among many national importance and pride areas are the ethnic textiles, prints, styles, and drapes of different states and works towards executing it gracefully.

    Yuvti strongly believes in working with and empowering artisan clusters of women in rural and urban India and exhibiting royal Rajputi Poshaks in the most polished and splendid way. Bhupendra Singh, the designer, and founder of Yuvti, sincerely want to support and empower artisans by putting out their rich and intricate work and adding a little frill. By giving artisans a platform to carry forward their unsung culture and showcase its splendor, Mr. Bhupendra Singh has fulfilled the dreams of many strong women and has given life to their aspirations.

  • Dr Sameer Bhati, Star Wellness & Care Foundation steps up to offer Free Portable Digital X Ray for Char Dham Yatris – Primex News Network

    Dr Sameer Bhati, Star Wellness & Care Foundation steps up to offer Free Portable Digital X Ray for Char Dham Yatris – Primex News Network

    Star Wellness & Care Foundation came forward to serve Char Dham Yatris

    New Delhi (India), May 4: Inaugural Ceremony of Six Sigma High Altitude Medical Services for Shri Kedarnath ji Yatra, Shri Tungnath Ji Yatra, Sh. Madhyamaheshwar Ji Yatra & Sh. Hemkund Sahib ji Yatra 2022 was organised. Chief Guest Sh. Pushkar Singh Dhami, Chief Minister of Uttrakhand, Sh. Shripad Naik ji, Minister of State for Tourism, Uttrakhand, Dr. Pradeep Bhardwaj, Medical Director, Six Sigma & Dr. Sameer Bhati, Founder & Director, Star Wellness & Care Foundation graced the occasion.

    The Chief Guest said that “Continuous efforts are being made for the safety of the devotees during the Char Dham yatra. Many social organizations are also coming forward and providing health services. We are ensuring that Char Dham Yatra will be safe and comfortable for people. They should remain healthy throughout the yatra. Teams of doctors and nurses from social organisations will be providing health services to devotees during the yatra across the state”.

    Dr. Sameer Bhati, Director, Star Wellness & Care Foundation said that, “People come to seek the blessings of the Almighty on this Yatra. We are obliged to get this opportunity & serve these Yatris with our Diagnostic Services. Our fully equipped Mobile Vans will be ready to provide Portable Digital X-Ray Facility to the Devotees at no cost.”  Talking about the Preventive Care, Dr. Bhati said, “Star Foundation is always there to work on Preventive Care Campaign & I am deeply grateful to have this opportunity in serving the Pilgrims & taking care of their Health so that they can enjoy this auspicious Yatra.”

  • Dr Sameer Bhati, Star Wellness & Care Foundation steps up to offer Free Portable Digital X Ray for Char Dham Yatris

    Dr Sameer Bhati, Star Wellness & Care Foundation steps up to offer Free Portable Digital X Ray for Char Dham Yatris

    Read Time:1 Minute, 21 Second

    Star Wellness & Care Foundation came forward to serve Char Dham Yatris

    New Delhi (India), May 4: Inaugural Ceremony of Six Sigma High Altitude Medical Services for Shri Kedarnath ji Yatra, Shri Tungnath Ji Yatra, Sh. Madhyamaheshwar Ji Yatra & Sh. Hemkund Sahib ji Yatra 2022 was organised. Chief Guest Sh. Pushkar Singh Dhami, Chief Minister of Uttrakhand, Sh. Shripad Naik ji, Minister of State for Tourism, Uttrakhand, Dr. Pradeep Bhardwaj, Medical Director, Six Sigma & Dr. Sameer Bhati, Founder & Director, Star Wellness & Care Foundation graced the occasion.

    The Chief Guest said that “Continuous efforts are being made for the safety of the devotees during the Char Dham yatra. Many social organizations are also coming forward and providing health services. We are ensuring that Char Dham Yatra will be safe and comfortable for people. They should remain healthy throughout the yatra. Teams of doctors and nurses from social organisations will be providing health services to devotees during the yatra across the state”.

    Dr. Sameer Bhati, Director, Star Wellness & Care Foundation said that, “People come to seek the blessings of the Almighty on this Yatra. We are obliged to get this opportunity & serve these Yatris with our Diagnostic Services. Our fully equipped Mobile Vans will be ready to provide Portable Digital X-Ray Facility to the Devotees at no cost.”  Talking about the Preventive Care, Dr. Bhati said, “Star Foundation is always there to work on Preventive Care Campaign & I am deeply grateful to have this opportunity in serving the Pilgrims & taking care of their Health so that they can enjoy this auspicious Yatra.”

    About Post Author


    RNT Reporter


    dhaval.rntoday@gmail.com

    https://republicnewstoday.com

    The post Dr Sameer Bhati, Star Wellness & Care Foundation steps up to offer Free Portable Digital X Ray for Char Dham Yatris appeared first on Republic News Today.

  • Yuvti by Bhupendra Singh, sings the hymns of rich Indian tradition, rekindled through Hand Crafted Royal Poshak

    Yuvti by Bhupendra Singh, sings the hymns of rich Indian tradition, rekindled through Hand Crafted Royal Poshak

    Read Time:2 Minute, 43 Second

    Yuvti aims to provide women artisans with sustained employment and a sense of purpose apart from adding a dash of authenticity and style to the market.

    Mumbai (Maharashtra) [India], May 4: Bhupendra Singh’s brand, ‘Yuvti’ is here to breathe fresh air into the market. Yuvti brings you styles that come with a story. The story of our artisans who work tirelessly to bring out their best work with every piece they create. We strive to provide them with sustained employment and a sense of purpose apart from adding a dash of authenticity and style to the market.

    When we see a handcrafted piece, one of the first things that come to mind is ‘tradition’. It’s something authentic, old and almost extinct. This is where Yuvti comes into the picture. The label aims to create a balance between contemporary and traditional designs by bringing out pieces that are not just stylish but also sustainable.

    With its diverse network of artisan and karigar communities dedicated to producing and designing an ongoing tradition of sustainable ethnic wear, Yuvti aims to promote Handcrafted products, longevity, ethical sourcing, and aspects of sustainable fashion. With a thorough understanding of the Rajputana culture and values, Yuvti seeks to deliver its customers the greatest unbridled and unparalleled experience. It is one of the most premium stores for Bridal Rajputi Poshak, Exclusive Sarees, Vibrant Suits, Rajputi wear, Hand Printed sarees, Traditional Rajputi Men’s wear, Traditional Rajputi Men’s accessories, and Women’s accessories. They are curated using the most superior quality markets with their in-house dying and personal Karigars for unique and intricate designs.

    Mr. Bhupendra Singh, the proud owner of Yuvti, said, “Female artisans are immensely encouraged when their hard work is valued in an otherwise cluttered marketplace. Yuvti aims to give its talent exposure globally. With Yuvti, we aim to present traditional Rajasthani culture to people across the globe to experience and enjoy the delicate work of age-old Indian weavers and artisans.

    Mr Bhupendra Singh, through Yuvti, wants to fulfill a larger goal- to make the Rajasthani art form thriving yet again and make it accessible to all. Yuvti believes that the royal Rajputana attire with exquisite craftsmanship and imperial designs should be accessible to every woman who gets a chance to adorn it with sheer sophistication and grace. Be it for a subtle occasion or a grand wedding, the designs and price range caters to the requirements for all.

    This is where royalty meets jubilance, which the art form delivers. Yuva also realizes that among many national importance and pride areas are the ethnic textiles, prints, styles, and drapes of different states and works towards executing it gracefully.

    Yuvti strongly believes in working with and empowering artisan clusters of women in rural and urban India and exhibiting royal Rajputi Poshaks in the most polished and splendid way. Bhupendra Singh, the designer, and founder of Yuvti, sincerely want to support and empower artisans by putting out their rich and intricate work and adding a little frill. By giving artisans a platform to carry forward their unsung culture and showcase its splendor, Mr. Bhupendra Singh has fulfilled the dreams of many strong women and has given life to their aspirations.

    About Post Author


    RNT Reporter


    dhaval.rntoday@gmail.com

    https://republicnewstoday.com

    The post Yuvti by Bhupendra Singh, sings the hymns of rich Indian tradition, rekindled through Hand Crafted Royal Poshak appeared first on Republic News Today.

  • Dhanvarsha Finvest Ltd.’s Loan book grows at CAGR of 184%

    Dhanvarsha Finvest Ltd.’s Loan book grows at CAGR of 184%

    Read Time:1 Minute, 15 Second

    Mumbai (Maharashtra) (India), May 4: Dhanvarsha Finvest Ltd. (BSE: 540268) has intimated the exchanges of a business update. The company’s provisional loan book as on March 2022 stood at Rs. 3050 Million, growing at a CAGR of 184%. Growth in loan book driven by robust disbursement to MSMEs. The loan disbursement grew at a CAGR of 601%.

    The number of customers grew from 5935 (FY21) to 34842 (FY22) YoY, and lenders grew from 2 to 29 over 2 years, owing to the confidence of lenders in the company’s model. The company’s distribution also grew from 2 to 40 over a period of 2 years.

    Dhanvarsha’s mission started with an idea – an idea to ‘build social capital’ by aiming to provide credit solutions to India’s large underserved and underbanked MSME segment. Promoted under the aegis of the 80 year old Wilson Group of Mumbai, the company aims to provide timely, affordable and sustainable access to credit to the country’s almost 500 million under-served borrowers, either through its own balance sheet or via significant distribution tie-ups coupled with its robust technology engine.

    The company prides itself on highest standards of corporate governance and transparency with an eminent and completely Independent Board that comprises of veterans from banking, fintech, taxation, regulation, and global businesses. Management has been carefully recruited from renowned institutions like Bank of America, Capital First, HDFC Bank, IDFC, Oberoi Realty, PWC, SKS Microfinance, Union Bank of India and more.

    About Post Author


    RNT Reporter


    dhaval.rntoday@gmail.com

    https://republicnewstoday.com

    The post Dhanvarsha Finvest Ltd.’s Loan book grows at CAGR of 184% appeared first on Republic News Today.

  • Ms. Parul Tarang Bhargava named as Promising Women CEO of the Year by Business Mint

    Ms. Parul Tarang Bhargava named as Promising Women CEO of the Year by Business Mint

    Read Time:3 Minute, 42 Second

    New Delhi (India), May 4: When it comes to ‘Women Entrepreneurship’ we can very well examine the impending participation of women in diverse sectors of the economy. In this process of examination, we came across the names of some of the inspiring women entrepreneurs who’ve made a mark in society with their impactful and inventive visionary attitudes. No matter what field they chose, their potency to embark on the fire of independence and reformation is applaudable in every sense. One such champion known for redefining the chapters of women’s potential for emendatory work in the affiliate is Parul Tarang Bhargava. She is a charismatic leader and one of the most refined women entrepreneurs in the field of digital and performance marketing in the country.

    Parul Tarang is an Angel Investor, Speaker, Leader, and the Co-Founder of vCommission Media Private Limited. She was recently privileged with the prestigious title: “Promising Women CEO of the Year – 2022, Global Affiliate Network Category”. She bagged this award for giving a remarkable performance in the world of affiliate marketing. It is all result of 10 years of hard work, commitment, and dedication. She is having diverse skill sets ranging from Digital Marketing to Performance Marketing and Sales. The astute services offered by the company are E-Commerce, Travel, Finance, Insurance, iGaming, Nutra, and hosting. The company has made remarkable collaborations with esteemed firms like Walmart, Amazon, Alibaba, Myntra, Agoda, Shopee, Qatar Airways, etc.

    According to her, firstly a woman entrepreneur needs to keep a clear vision amidst the haziness of uncertainties and keep faith in her capabilities. She must be having a sound understanding of their target audience and know well how to maintain overall consistency and trust in the competency of her decisions.

    Career Background

    Parul Tarang Bhargava has been brought up in a modest, gender-neutral environment at home. She doesn’t hail from an established business family; she has started everything from the scratch. She has completed her B. Tech (IT) from Guru Gobind Singh Indraprastha University and started her journey from a content writer to the CEO of the Company. Her journey started way back in the year 2006 when she was trying out new ideas to get fresh perspectives about the business world to make good efforts to bring impact

    vCommission Success Journey starting from 2006- till present

    Parul’s company, vCommission is a pioneering face in India’s leading global affiliate marketing network with an exemplary vision to bring something distinct. The company is a subsidiary of Adways VC India Pvt. Ltd. It is a joint venture with Tokyo Stock Exchange-listed company Adways Inc. (Japan), the No. 1 Affiliate Marketing company in Asia.

    In 2013, the brand did a merger with Adways which is regarded as a mentor in mobile marketing in the entire Asian continent.

    In 2015, the company made it to the list of top 50 Alexa rankings. In the next year, the company went ahead to invest in ten start-ups. Within a span of a decade, the brand has vigorously reached the gigantic numbers of working with 100k+ affiliates, harboring 80 million in monthly traffic, 2.5 million conversions, and 2-billion-dollar worth monthly GMV.

    In 2018 vCommission became a top-notch partner for global brands. Taking the legacy of proficiency into the foreground, the company won the award for ‘Best E-Commerce Company’ in 2019 at the Indian Affiliate Awards.

    In 2022, the brand stands as India’s pioneer global affiliate and is considered as value compulsive brand. It has also been recognized as ‘Brand of the Year 2021’ and ‘top 30 Most Trusted Brands to Watch in 2021’.

    Parul has successfully steered the company to great achievements ever since its inception.

    Being a triumphant women entrepreneur herself, she gives credence to learning and implementing some major tips and tricks that have contributed to her journey of entrepreneurship.

    Here are those tips and tricks…

    She believes that ups and downs are an inevitable part of anyone’s journey. She also proudly admits that they have been a part of her life too, but these failures have only taught and helped her to come out victorious in all the challenges.

    For her, everything narrows down to two things. The first is highly aspirational and the second you must always remain open to learning new things. These two factors have played an instrumental role in chasing bigger goals in life.

    About Post Author


    RNT Reporter


    dhaval.rntoday@gmail.com

    https://republicnewstoday.com

    The post Ms. Parul Tarang Bhargava named as Promising Women CEO of the Year by Business Mint appeared first on Republic News Today.

  • Dr Ashleys Limited infuses academic researchers on Board, inducts top strategists in Advisory Board

    Dr Ashleys Limited infuses academic researchers on Board, inducts top strategists in Advisory Board

    Read Time:2 Minute, 10 Second

    One of Europes’s Most renowned Economist Prof Dr Nina, Director, Director of Department of Economics at The Latvian Acadamy of Sciences and AS Lights Director Mr Gerhald to guide HOPSTEDTER 

    Hong Kong, May 4:  Dr Ashleys Limited , the Hong Kong based pharmaceutical Company today announced the induction of noted & eminent global researchers as advisors to the board of directors. Europes’s most renowned Economist Prof Dr Nina Linde, ,  Director of Department of Economics at The Latvian Acadamy of Sciences  and  AS Lights Director Mr Gerhald  Hopstedter will be guiding & advising the  Dr Ashleys Limited’s Board of Directors in building  the company as a strong international pharmaceutical company in its pursuit to its mission to widen its academic excellence.

    Announcing the appointment of two seasoned academic researchers as Advisors, {Prof} Dr. Kannan Vishwanatth, Managing Director of Dr Ashleys Limited said “We are pleased to announce Dr Nina Linde and Mr Mr Gerhald Hopstedter on our Board. We can’t wait to see how our highly experienced board members will enlighten us to develop the vision and purpose of building Dr Ashleys in the market by advising on matters of strategic importance, leverage decades of top-tier industry experience, broaden and deepen our relationships, and ensure continued growth and success.

    Dr Nina Linde has broad leadership experience in corporate management and academia. She is an international speaker recognized by peers, executives, and students with numerous awards for her innovative leadership and passion for teaching. She inspires students from both business and engineering disciplines in his courses for open innovation, business models, smart cities, scalable smart villages, and business models for emerging economies…

    Before joining the academy of Sciences Latvia Dr Linde has been the Advisor to Ministry of education in Latvia, Mr Gerhald Hopstedter is a noted author & research analyst. Dr Satya is the founder chairman of AS Lights and Balticsmagazine, Baltics states  most acclaimed research firm engaged in timely, in-depth analysis of companies, industries, markets, and world economies. Mr Gerhald Hopstedter is also the author of many top books Mr Gerhald is most respected & distinguished entrepreneur & known for championing the cause of Citizen’s rights & free speech.

    Dr Ashleys Limited is a research-focused vertically integrated pharmaceutical Company, which Contract manufactures active pharmaceutical ingredients and is in contract research and manufacturing services (CRAMS). The Company is a market leader in the Antimalarial API segment and is the world’s third-largest contract manufacturer of Quinine salts. It also exports its products to more than 60 emerging countries in Africa, Central and South America, and Asia.

    About Post Author


    RNT Reporter


    dhaval.rntoday@gmail.com

    https://republicnewstoday.com

    The post Dr Ashleys Limited infuses academic researchers on Board, inducts top strategists in Advisory Board appeared first on Republic News Today.

  • R & B Denims Ltd. Announces Excellent Results; Yearly PAT up 108% YoY

    R & B Denims Ltd. Announces Excellent Results; Yearly PAT up 108% YoY

    Read Time:1 Minute, 55 Second

    Mumbai (Maharashtra) [India], May 4: BSE listed R & B Denims Ltd. (BSE: 538119), one of the most influential textile houses with largest vertically integrated textile manufacturing facilities of over 30 million meters capacity of denim has announced excellent results for quarter and year ended 31 March 2022. Amidst a challenging environment, R & B Denim Ltd. continues to grow, backed by a robust business model and its strategic ability to navigate through troubled times.

    To retain its competitive advantage and consistently deliver value to all stakeholders, it continues to focus on investments for Research and Development, technological enhancement and quality improvement through its state of art, ultra-modern, fully equipped R& D Laboratory, to sustain profit margins and increase operational efficiency.

    In FY 21-22, company has Produced 17.5 Million Meters of Denim Fabric that is equivalent to 11 Million pair of Jeans. The company has achieved a consolidated turnover of Rs. 2,844 million with Profit before tax of Rs. 280 Million representing a Jump of 97% Y-O-Y. The yearly PAT rose 108% YoY, to Rs.217 Million.

    In FY 21-22, company participated in GARTEX Denim Show at Delhi as well as in CAIRO, EGYPT which gave promising results in getting new customer base and helped to increase demand of Products in Overseas as well as domestic Markets. Exports have increased from 220 Million in FY 20-21 to 720 Million in FY 21-22. Representing growth of 225% in a year. As on March’22 our exports for represents 25% of our total sales which we are further expecting to Increase based on the Strong demand from overseas market.

    Even in domestic market average Selling price has increased from Rs. 140 in FY 2020-21 to Rs. 165 mainly due to selling premium Quality Denim and increase in Profitability as it remains eagle-eyed with inventory management policies. The efficient inventory management helped increase sales, maintain prudent working capital and increased productivity. The company increased proportion of premium products thereby strengthening margins. The Coactions of our techniques shall help to create enhanced value for stakeholders.

    One of the few denim manufacturers capable of producing high width denim up to 76 inches.

    Company’s clients include major brands like Arvind, Killer, Lifestyle, Reliance Retail, etc.

    About Post Author


    RNT Reporter


    dhaval.rntoday@gmail.com

    https://republicnewstoday.com

    The post R & B Denims Ltd. Announces Excellent Results; Yearly PAT up 108% YoY appeared first on Republic News Today.