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Category: Business

  • Rama Steel Tubes Ltd. Board consents to issue convertible warrants as Company looks to raise funds

    Rama Steel Tubes Ltd. Board consents to issue convertible warrants as Company looks to raise funds

    Read Time:1 Minute, 50 Second

    Eriska Investment Fund Picks up stake

    New Delhi (India), April 22: Rama Steel Tubes Limited (RSTL) (BSE: 539309, NSE: RAMASTEEL) is a pioneer and leading manufacturer in the steel tube industry. The company has announced that the board of the company has consented to raise funds by issuance of fully convertible warrants, convertible in to equity shares to the specified people in the promoter and non-promoter group. The company will issue 34,35,000 convertible warrants, each carrying a right exercisable by warrant holder to subscribe to one (1) equity share against each warrant at a price to be determined later. The company will take shareholders’ approval for the issuance of the fully convertible warrants.

    Further, as per bulk deal data available on NSE, Eriska Investment Fund Ltd. picked up 100,000 shares of Rama Steel Tubes Ltd. at an average price of Rs. 430 on 20 April 2022.

    Earlier in January, the company had inked exclusive arrangement for supply of specialty steel SKUs in Nigeria, West Africa, through RST Industries Ltd. (a stepdown subsidiary of RSTL). RST industriesLtd., Nigeria signed annual contract with Huihai Group Ltd, Hong Kong where RST industries Ltd will have an exclusive arrangement for supply of specialty steel SKUs of – 15,000 MT per annum in Nigeria.

    RSTL has been continuously striving to improve its performance by increasing sales, share of value-added products, innovating new products and aggressive cost optimization on a continual basis. RSTL products range includes MS ERW black pipes from 15mm to 200mm diameter pipes confirming to IS: 1239, IS:1161, IS:3589, IS:3601, & IS:4270 and G.I. Pipes from 15mm to I-50mm NB in light, medium and heavy sizes. RSTL has 20% exports rate, with a global presence in more than 15 Countries.

    RSTL has a subsidiary in UAE and a step-down subsidiary in Nigeria which has strengthened the company/s presence in global markets. RSTL has the world’s latest technology, plant and machinery, which also includes sophisticated testing equipment. RSTL has 4 state-of-art manufacturing capabilities located at Sahibabad (U.P.), Khopoli (Maharashtra) and Anantpur (Andhra Pradesh) and has got strong distributor network spread across lndia.

    About Post Author


    RNT Reporter


    dhaval.rntoday@gmail.com

    https://republicnewstoday.com

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  • Noida’s Harit Upwan Sorakha is a ‘Green Lung’ in the centre of a concrete jungle

    Noida’s Harit Upwan Sorakha is a ‘Green Lung’ in the centre of a concrete jungle

    Read Time:1 Minute, 34 Second

    India, April 22: Noida residents are breathing clean air. Thanks to Harit Upwan Sorakha (Green Garden), which was created via the collaborative efforts of the State Government, Give Me Trees Trust, and the HCL Foundation in Sorakha village and serves as a “green lung” in the middle of a concrete jungle.

    In 2017, the Noida administration planned to develop a big oxygen strip on the vast swathe of barren land in Sorakha village. HCL Foundation resolved to provide financial assistance under its CSR activity. The work for developing the urban forest started under the leadership of environment worker Peepal Baba and the Give Me Tree Trust.

    Today, this vast urban forest has more than 70,000 trees of various species. The beauty of the forest attracts people from the NCR region to picnics during the holidays and enjoy their time amid nature.

    BN Singh, the former district magistrate of Gautam Budh Nagar, said, “The Sorkha village was part of Noida authority, and later it was merged in the NCR region. The area had less than 2 per cent of tree cover. Due to the rapid increase in the population, there was an urgent need to develop an oxygen factory through dense forestry.”

    Singh added, “The people of Sorkha village were engaged in the important work of setting up an urban forest. HCL Foundation took over the project, and the forest was developed with Swami Parivartan aka Peepal Baba.”

    Harit Upvan, spread over 4.5 hectares of land, is home to flora and fauna, including insects, moths, animals and birds. The forest is also home to migratory birds flocking during the winter and summer. About 58 different kinds of creatures live in the urban forest.

    Peepal Baba, the environment worker, said, “Earlier, we used to bring water tankers to irrigate the forest. Now, they have built an artificial pond to irrigate the trees.”

    About Post Author


    RNT Reporter


    dhaval.rntoday@gmail.com

    https://republicnewstoday.com

    The post Noida’s Harit Upwan Sorakha is a ‘Green Lung’ in the centre of a concrete jungle appeared first on Republic News Today.

  • Tata Motors Finance recognized for its contribution to the MSME sector’s growth

    Tata Motors Finance recognized for its contribution to the MSME sector’s growth

    Read Time:3 Minute, 24 Second

    Rohit Tiku, Chief Risk Officer, Tata Motors Finance, receiving MSME Banking Excellence Award

    The leading vehicle financier is a recipient of three MSME Banking Excellence Awards instituted by CIMSME

    New Delhi (India), April 22: Tata Motors Finance, one of India’s leading NBFCs, and a pioneer in the vehicle financing industry, has been conferred as winner of the MSME Banking Excellence Award, 2021 by Chamber of Indian Micro Small & Medium Enterprises (CIMSME) in the category of ‘Best NBFC for implementing COVID related government schemes’. The coveted award was presented by Hon’ble Minister of State for Micro Small and Medium Enterprises, Shri Bhanu Pratap Singh Verma and Hon’ble Minister of Micro Small and Medium Enterprises, Shri Narayan Tatu Rane to Mr. Rohit Tiku, Chief Risk Officer, Tata Motors Finance at a ceremony held on 20th April 2022 in New Delhi.

    That’s not all. In addition, the brand also bagged ‘Runner Up’ award in categories of ‘Best NBFC for promoting social schemes’ and ‘Best Branding NBFC’. Considered to be one of the most coveted awards in the sector, CIMSME’s MSME Banking Excellence Award recognizes the remarkable work done by Banks and NBFCs in supporting and rejuvenating the MSME sector.

    Winners of the award undergo a rigorous evaluation process and scrutiny on parameters like work done in aiding MSMEs, stakeholder engagement, strategy, execution, and impact, as well as support extended to MSMEs during Covid time. The methodology for evaluation includes assessment of responses to questionnaires, interactions with management team, analysis by the knowledge partner and the jury. The award jury was chaired by Hon’ble Justice (Retired) Sh. Deepak Verma, Supreme Court of India.

    Speaking on the recognition, Mr. Rohit Tiku, Chief Risk Officer, Tata Motors Finance shared, “It is indeed an honour that Tata Motors Finance has been bestowed with the MSME Banking Excellence Award at this prestigious forum. We recognise that availability of financial assistance, particularly during difficult times is at the core of ensuring social equity and improving quality of life. Customer centricity, therefore, is at the DNA of Tata Motors Finance’s corporate philosophy. As a leading vehicle financier, we aim to create capabilities among people to take advantage of emerging economic opportunities. Staying true to our credo of ‘Nation building through money lending’, we have helped create over 1.5 million entrepreneurs, taking forward the dream of a self-reliant India. We are committed to playing a vital role in fuelling inclusive growth and implementing innovative practises, programmes, and projects to support MSMEs, encouraging their entrepreneurial spirit.”

    Salient Features

    • Tata Motors Finance’s Assets under Management (AUM) consist of 60-70% funding to MSME customers with average ticket size of INR 10 lacs.
    • Starting FY 2021-22, 85% of the brand’s disbursements i.e., INR 1500 Crores per month are allocated to MSME segments, under the new MSME guidelines.
    • Over the last five years (till Sept 2021), the brand has securitized and assigned MSME portfolio worth INR 14K Crores to several banks to help them meet their PSL obligations.
    • The brand’s current AUM of INR 45K Crores includes 31% of loans to First Time Users (FTUs) with monthly disbursements ranging from INR 300 to 350 Crores to this segment.
    • The brand is serving to its customer in more than 17000 pin codes of India with customer first approach

    Established in 1957, Tata Motors Finance is a Non-Banking Financial Company and one of the pioneers in the vehicle financing industry. Headquartered in Thane (Maharashtra), the brand has a strong footprint across India and operates through its own 250+ branch networks and 700+ channel partners in addition to Tata Motors dealers’ sales outlets. Currently, the brand is servicing over 17000+ pin codes across the country and touched over 2 million customers since its inception. Its portfolio includes loans for new and used vehicles, vehicle and customer lifecycle products like refinancing, working capital, fuel loans, tyre loans, fastag, insurance and many more, along with loans to vendors and suppliers of Tata Motors, all to benefit Tata Motors and its strategic partners.

    About Post Author


    RNT Reporter


    dhaval.rntoday@gmail.com

    https://republicnewstoday.com

    The post Tata Motors Finance recognized for its contribution to the MSME sector’s growth appeared first on Republic News Today.

  • e-Ashwa Automotive showcases its wide range of advanced EV products at the Ride Asia Exhibition at Pragati Maidan, New Delhi

    e-Ashwa Automotive showcases its wide range of advanced EV products at the Ride Asia Exhibition at Pragati Maidan, New Delhi

    Read Time:1 Minute, 34 Second

    Invites all its dealers to experience its EVs

    Organised National Partners Meet in New Delhi on April 15 & 16, 2022

    New Delhi (India), April 22: e-Ashwa Automotive, one of the leading manufacturers of environment-friendly affordable electric vehicles in the country, showcased its wide range of advanced EV products at the 3-day Ride Asia International Exhibition 2022 starting April 15, 2022. The company also had a national partners meet in the capital on April 15 & 16, 2022 to connect with all its partners coming from various parts of the country.

    During these 3-days of Ride Asia exhibition, e-Ashwa has showcased all its latest EV products in different categories – electric two-wheelers and three-wheelers and also interact with all its dealers coming from 27+ states& Union Territories. The company manufactures a wide range of EV products in both these categories like e-scooters, e-rickshaws, e-auto and e-loader.

    Speaking on their participation in the exhibition, Vikas Gupta, Founder & CEO, e-Ashwa Automotive, said, .“After two years of pandemic, we are seeing the market opening up strongly. We are delighted to be part of this year’s Ride Asia exhibition to showcase our products to our customers and dealers. The EV market is growing rapidly in the country and various estimates suggest that the adoption rate of electric two-wheelers will be much faster in the coming years giving significant opportunities for players like us to provide affordable EVs to masses.”

    The company has a strong exclusive brand dealer network of 835and 600+ dedicated retail stores. Started in February 2018, eAshwa opened its first dealer store in August 2019 and 100th store in June 2021. It has seen strong growth in the last two years with increased demand for EV products due to fuel price hike for traditional vehicles and supportive government policies for EV.

    About Post Author


    RNT Reporter


    dhaval.rntoday@gmail.com

    https://republicnewstoday.com

    The post e-Ashwa Automotive showcases its wide range of advanced EV products at the Ride Asia Exhibition at Pragati Maidan, New Delhi appeared first on Republic News Today.

  • Union Minister Ramdas Athawale launched The Library Cafe

    Union Minister Ramdas Athawale launched The Library Cafe

    Read Time:1 Minute, 22 Second

    Shri Ramdas Athawale and Mahboob Khan at Opening of The Librery Cafe

    Mumbai (Maharashtra) [India], April 22: Union Minister Ramdas Athawale, Minister of Social Justice and Empowerment has inaugurated The Library Café at Carter Road in Bandra West, Mumbai which is popular for street food.

    Mehboob Khan, the head of Carter’s Blue, knows very well that carter Road Bandra is very famous for street food, so he started a new theme restaurant, The Library Cafe at  Carter Road. Apart from great food in this restaurant, you will also have a library to read the world’s popular novel magazines, stories books along with many other interesting readings litreture. And they also provide all food menu, coffee, tea and many varieties of western food.

    Mehboob Khan, Head of The Library Cafe and Carter’s Blue, said that the theme  “The Library Cafe” includes a variety of food options for foodie people as well as for book readers, and they have all day dining menu, with Variety of sweets and innovative bakery items which  will be available at one place. They also serve an international food menu along with sea face view with the facility of Wi-Fi which in itself proves to be a unique and great attraction for youth people. And their further plans After “Library Cafe” are to open a new outlet in Dadar and Worli also.

    On this occasion, Union Minister Ramdas Athawale said that “He really liked the theme of The Library Café which gives a vibe of international Standard along  with tasty food. I would like to congratulate Mr Mehboob Khan for his success.

    About Post Author


    RNT Reporter


    dhaval.rntoday@gmail.com

    https://republicnewstoday.com

    The post Union Minister Ramdas Athawale launched The Library Cafe appeared first on Republic News Today.

  • Staying on the Right Side of Payroll Compliance, By Sachin Disa – Primex News Network

    Staying on the Right Side of Payroll Compliance, By Sachin Disa – Primex News Network

    April 21: Staying up-to date with the ever-changing legal and statutory requirements related to labour and tax laws can be quite challenging. Depending on the office locations, there is several central and state labour laws that companies need to comply with. Moreover, in India, each industry has its own set of rules and regulations, and penalties for non-compliance can be significant.

    Things to know about payroll compliances 

    Payroll compliances cover income tax, provident fund, profession tax, ESIC, and labour welfare fund. Let’s look at some of the details.

    Income Tax Act

    Every employer is required to deduct witholding taxes (tax deducted at source or “TDS”) from employees earning gross salary above a particular threshold. Non-compliance with Income Tax Act can significantly impact any business. Therefore, it is imperative for any company to ensure there is accuracy, consistency, and punctuality in such tax deductions. Third-party payroll processing companies offer the following services to help you remain compliant under Income Tax Act:

    1. Income tax computation based on investment declaration and recurring and one-time payments
    2. Investment proof-verification at year-end and for full and final settlements
    3. Online payment of statutory dues
    4. Quarterly e-TDS (Form 24)
    5. Form 16 and Form 12BA at year-end
    6. Filing of revised eTDS returns

    Provident Fund

    Payroll processing companies offer employee provident fund services and help businesses stay compliant. They also assist companies in preparing documents required to register an establishment/company as per provident fund authorities and procure code numbers. The services offered by third-party payroll processing companies include:

    1. Uploading ECR file and generating online challan
    2. Assist in preparing the different employee forms, such as:
    • Form 2 – Employee Provident Funds Nomination
    • Form 10C – Employees’ Pension Withdrawal
    • Form 9 – Employee PF membership Record
    • Form 11 – Declaration of the employee for Provident Fund applicability
    • Form 20 & 10D – Employees Death Benefit
    • Form 19 – Employees Provident fund Withdrawal
    • Form IW-1 – Statement that shows the employee details of those who qualify for membership as International Workers

    3. Under our EPF services, we assist companies in submitting specimen signatures and digital signatures.

    4. Update KYC of the new joinee.

    5. Preparation and maintenance of Statutory Registers & Records.

    Profession Tax

    Every employer has to deduct profession tax from their employees’ salary as per respective state laws and deposit the same with the government. Third-party payroll processing companies help organisations in the generation of the PT return for the respective state to help them stay compliant.

    ESIC

    This social security scheme brings affordable healthcare to employees and their families. Payroll processing service providers assist companies with the following recurring compliances:

    1. Uploading electronic contribution on ESIC online portal and generate monthly challan
    2. Generating TIC (Temporary Identification Card) for new employees covered under ESIC
    3. Preparation, verification, and submission of:
    • Form 10: temporary disablement benefit form
    • Form 13, Form 14A, and Form 12A: Claim of Benefits
    • From 15: Claim form for dependant’s benefit
    • Form 16: Accident Report from employer
    • Form 17: Dependant’s or funeral benefit
    1. Assistance in settlement of Maternity Benefit in respect of women employees.

    Labour Welfare Fund (LWF)

    Individual state authorities manage this statutory contribution. Third-party payroll processing companies help businesses in the generation of LWF Challan for the respective state and to always stay compliant.

    TopSource Worldwide helps businesses stay compliant, meet all regulatory laws and avoid penalties and fines. We have over 18 years of experience providing payroll outsourcing and HR services to businesses of all shapes and sizes. In addition, we offer customised services to companies having a turnover of INR 100 crores and above. We have a team of experts who are familiar with the different rules and regulations related to payroll compliance across industries. For more details, please visit our Payroll Compliance page

    About the Author

    Sachin Disa is a qualified Chartered Accountant with 20+ years of experience. He heads the India business unit for TopSource Worldwide. TopSource Worldwide provides a complete suite of employer services that allows clients to employ and pay people promptly, consistently and compliantly, locally and internationally as per their business needs.Payroll anywhere. Employ everywhere.

  • Journey and Achievement of Project Albatross in Hospitality Industry – Primex News Network

    Journey and Achievement of Project Albatross in Hospitality Industry – Primex News Network

    April 21: The Project Albatross (Pune) emerging hospitality landscape of 2021 is filled with over-saturated markets and prices are escalating to unprecedented rates. In response, iconic brands need to focus on delivering high value and quality to maintain their brand equity in the long run.

    The restaurant industry is one of the most important and profitable industries in the world. It has grown exponentially in the last decade, with new restaurants opening every year. However, as consumers become more and more demanding, this industry faces new challenges. As an Albatross, I will discuss how companies can create an iconic brand for their restaurant to differentiate themselves from other restaurants in their category.

    I will start by briefly discussing how a company should go about creating a restaurant brand identity that stands out from competitors while catering to today’s ever-demanding customer base. I will then break down some key elements of the menu and design to help create an iconic brand for any type of restaurant and provide examples of successful brands that have already done so.

    The future, of F&B brands, will be focusing on creating a sustainable lifestyle for their customers as well as Their Franchise Partners. This can be done through good product design, well kitchen setup, and proper branding.

    F&B Brands will be looking at how they can offer specific benefits to their customers as well as Franchise Partners…. while considering a sustainable Business Model.

    Visit:- https://www.projectalbatross.com/

    Contact for More Details :-  +91 8070055200

    Follow for More:- https://www.instagram.com/project.albatross/

  • Journey and Achievement of Project Albatross in Hospitality Industry

    Journey and Achievement of Project Albatross in Hospitality Industry

    Read Time:1 Minute, 20 Second

    April 21: The Project Albatross (Pune) emerging hospitality landscape of 2021 is filled with over-saturated markets and prices are escalating to unprecedented rates. In response, iconic brands need to focus on delivering high value and quality to maintain their brand equity in the long run.

    The restaurant industry is one of the most important and profitable industries in the world. It has grown exponentially in the last decade, with new restaurants opening every year. However, as consumers become more and more demanding, this industry faces new challenges. As an Albatross, I will discuss how companies can create an iconic brand for their restaurant to differentiate themselves from other restaurants in their category.

    I will start by briefly discussing how a company should go about creating a restaurant brand identity that stands out from competitors while catering to today’s ever-demanding customer base. I will then break down some key elements of the menu and design to help create an iconic brand for any type of restaurant and provide examples of successful brands that have already done so.

    The future, of F&B brands, will be focusing on creating a sustainable lifestyle for their customers as well as Their Franchise Partners. This can be done through good product design, well kitchen setup, and proper branding.

    F&B Brands will be looking at how they can offer specific benefits to their customers as well as Franchise Partners…. while considering a sustainable Business Model.

    Visit:- https://www.projectalbatross.com/

    Contact for More Details :-  +91 8070055200

    Follow for More:- https://www.instagram.com/project.albatross/

    About Post Author


    RNT Reporter


    dhaval.rntoday@gmail.com

    https://republicnewstoday.com

    The post Journey and Achievement of Project Albatross in Hospitality Industry appeared first on Republic News Today.

  • Business Mint awarded Lassi and Shakes as Best Emerging Franchisor of the Year – 2022, QSR (Quick Service Restaurant) Category – Primex News Network

    Business Mint awarded Lassi and Shakes as Best Emerging Franchisor of the Year – 2022, QSR (Quick Service Restaurant) Category – Primex News Network

    According to Mr. Mohammed Abdul Gani (CEO of Lassi n shakes), Lassi n shakes is planning to open 700 outlets by end of 2025

    New Delhi (India), April 21: By 2025, the Indian Quick Service Restaurant (QSR) industry is expected to be worth $827.63 billion. This category has grown in popularity over time as a result of millennials’ eating habits, changing lifestyles, increased disposable money, and other factors. And the Founders of the Hyderabad brand Lassi n Shakes have first-hand experience with this surge in demand for QSR business. Lassi n Shakes is all about providing the highest quality, most appropriate quantity, and at an affordable price. All of your culinary desires may be satisfied in one place. Waffles, Burgers, Pizzas, rolls/ wraps, Sandwiches, Broasted Fried Chicken, as well as Mocktails, Smoothies, Juices, Kulfis, Tea & Coffees, Milkshakes/ Thick shakes, and traditional beverages like Lassi and Falooda are available. It can be operated as a Commercial Quick Service Café, a real dine-in Café, or even a cloud kitchen. We ensure quality by using our unique and simplified formulas, which allow us to make drinks and snacks fast and consistently.

    It is a business that arose as a result of people’s requests. We quit our international positions to pursue our passion for building a platform for your entrepreneurs to thrive and achieve their objectives. We began our adventure with the QSR group, namely with Lassi, in December 2017 and have already opened 50 locations in Hyderabad alone in less than a year. We aim to place franchisees in the spotlight with this objective, says Mr. Mohammed Abdul Gani (CEO of Lassi n shakes).

    Lassi n Shakes’ goal is to provide high-quality meals at reasonable pricing. At every Lassi n Shakes location, a family of four may satisfy their hunger for less than Rs.500. Lassi n Shakes’ menu is divided into 18 categories, with over 120 food and beverage products. The average ticket costs Rs.80, with a 60-70 percent gross profit margin. Their secret is affordable pricing, which ensures steady business throughout the year.

    Since its inception in May 2019, the brand has grown to include 140+ locations throughout ten states. Lassi n Shakes franchises require a minimum investment of Rs. 4,5 lakhs for the Express model, which offers both cold and hot beverages, and Rs. 7,5 lakhs for the Café model, which includes both food and beverages. The cafe model has an Assured Earnings or Money Return Policy (AE- MRP). The brand includes free training, billing software, marketing, entire equipment, as well as shop branding and design in this amount.

    Lassi n Shakes, according to Mr. Mohammed Abdul Gani, would continue to provide “hot and fresh meals on time” to its consumers. “We also want to focus on product innovation since this is a very competitive sector,” he adds, adding that “every six months; we offer a new product and remove something from our menu that isn’t performing well.” The new item may be an invention we’ve made in our kitchen, or it could be inspired by a current trend in the market.

    Both franchisees and end consumers benefit from Lassi n Shakes’ superior flavor and service. As a result, Lassi n Shakes aims to provide new entrepreneurs with opportunities such as start-up assistance, service, training, quality maintenance, and reasonable profits. Also, Lassi and Shakes have been awarded by Business Mint as Best Emerging Franchisor of the Year – 2022, QSR (Quick Service Restaurant) Category.

  • Business Mint awarded Lassi and Shakes as Best Emerging Franchisor of the Year – 2022, QSR (Quick Service Restaurant) Category

    Business Mint awarded Lassi and Shakes as Best Emerging Franchisor of the Year – 2022, QSR (Quick Service Restaurant) Category

    Read Time:3 Minute, 0 Second

    According to Mr. Mohammed Abdul Gani (CEO of Lassi n shakes), Lassi n shakes is planning to open 700 outlets by end of 2025

    New Delhi (India), April 21: By 2025, the Indian Quick Service Restaurant (QSR) industry is expected to be worth $827.63 billion. This category has grown in popularity over time as a result of millennials’ eating habits, changing lifestyles, increased disposable money, and other factors. And the Founders of the Hyderabad brand Lassi n Shakes have first-hand experience with this surge in demand for QSR business. Lassi n Shakes is all about providing the highest quality, most appropriate quantity, and at an affordable price. All of your culinary desires may be satisfied in one place. Waffles, Burgers, Pizzas, rolls/ wraps, Sandwiches, Broasted Fried Chicken, as well as Mocktails, Smoothies, Juices, Kulfis, Tea & Coffees, Milkshakes/ Thick shakes, and traditional beverages like Lassi and Falooda are available. It can be operated as a Commercial Quick Service Café, a real dine-in Café, or even a cloud kitchen. We ensure quality by using our unique and simplified formulas, which allow us to make drinks and snacks fast and consistently.

    It is a business that arose as a result of people’s requests. We quit our international positions to pursue our passion for building a platform for your entrepreneurs to thrive and achieve their objectives. We began our adventure with the QSR group, namely with Lassi, in December 2017 and have already opened 50 locations in Hyderabad alone in less than a year. We aim to place franchisees in the spotlight with this objective, says Mr. Mohammed Abdul Gani (CEO of Lassi n shakes).

    Lassi n Shakes’ goal is to provide high-quality meals at reasonable pricing. At every Lassi n Shakes location, a family of four may satisfy their hunger for less than Rs.500. Lassi n Shakes’ menu is divided into 18 categories, with over 120 food and beverage products. The average ticket costs Rs.80, with a 60-70 percent gross profit margin. Their secret is affordable pricing, which ensures steady business throughout the year.

    Since its inception in May 2019, the brand has grown to include 140+ locations throughout ten states. Lassi n Shakes franchises require a minimum investment of Rs. 4,5 lakhs for the Express model, which offers both cold and hot beverages, and Rs. 7,5 lakhs for the Café model, which includes both food and beverages. The cafe model has an Assured Earnings or Money Return Policy (AE- MRP). The brand includes free training, billing software, marketing, entire equipment, as well as shop branding and design in this amount.

    Lassi n Shakes, according to Mr. Mohammed Abdul Gani, would continue to provide “hot and fresh meals on time” to its consumers. “We also want to focus on product innovation since this is a very competitive sector,” he adds, adding that “every six months; we offer a new product and remove something from our menu that isn’t performing well.” The new item may be an invention we’ve made in our kitchen, or it could be inspired by a current trend in the market.

    Both franchisees and end consumers benefit from Lassi n Shakes’ superior flavor and service. As a result, Lassi n Shakes aims to provide new entrepreneurs with opportunities such as start-up assistance, service, training, quality maintenance, and reasonable profits. Also, Lassi and Shakes have been awarded by Business Mint as Best Emerging Franchisor of the Year – 2022, QSR (Quick Service Restaurant) Category.

    About Post Author


    RNT Reporter


    dhaval.rntoday@gmail.com

    https://republicnewstoday.com

    The post Business Mint awarded Lassi and Shakes as Best Emerging Franchisor of the Year – 2022, QSR (Quick Service Restaurant) Category appeared first on Republic News Today.