Category: Finance

  • IBL Finance Ltd achieves over Rs. 100 crore AUM, expands with 36 national NBFCs

    IBL Finance Ltd achieves over Rs. 100 crore AUM, expands with 36 national NBFCs

    Surat (Gujarat) [India], May 5: Surat-based IBL Finance Limited, a leading company known for providing fast and easy loans using technology and data science, has informed the stock exchanges that it has achieved the milestone of over Rs. 100 crore in Assets Under Management (AUM) and is progressing on an expansion path in collaboration with 36 national NBFCs. The fintech-driven NBFC, IBL Finance Ltd (IBLFL), has advanced its aggressive growth strategy by successfully onboarding 36 non-banking financial companies (NBFCs) for onward lending. This milestone is significant for IBLFL, which is on the path to becoming a pan-India retail MSME lender, ensuring financial inclusion through its data-driven approach.

    Strategic Business Expansion: According to the company management, IBLFL has launched a new vertical focused on lending to profitable and well-established NBFCs.

    This strategic move aligns with the company’s long-term vision of becoming a sustainable and profitable MSME-focused lender. By lending to NBFCs, IBLFL gains insights into diverse retail lending portfolios across different geographies, ensuring lower cost of Credit and improved asset quality. As of March 31, 2025, the company has successfully disbursed Rs. 154.00 crore under this initiative.

    Growth in AUM and Strong Asset Quality

    IBL Finance has shown robust AUM growth across three consecutive financial years:

    • FY 2022-23: Rs. 17.85 crore
    • FY 2023-24: Rs. 56.18 crore
    • FY 2024-25: Rs. 104.99 crore

    This growth reflects the company’s increasing market presence and strengthening financial stability.

    As part of its loan portfolio, IBL Finance achieved the milestone of surpassing Rs. 100 crore AUM by the end of FY 2024-25, primarily driven by strategic partnerships with other NBFCs.

    Additionally, the company has maintained strong asset quality, with Net NPA levels recorded at:

    • FY 2022-23: 3.94%
    • FY 2023-24: 1.90%
    • FY 2024-25: 1.99%

    The NBFC partnerships have supported IBL’s asset-light business model while mitigating NPA risks.

    Growth-Oriented Lending Strategies

    To further drive expansion and increase AUM, IBL Finance plans to raise additional funds through various debt instruments, including term loans, non-convertible debentures (NCDs), bonds, and commercial papers. These funds will be sourced from banks, financial institutions, and various investors.

    In FY 2024-25, IBL has already secured Rs. 49.46 crore through term loans and NCDs, thereby strengthening the company’s financial position and growth trajectory.

    Future Plans: Sustained Growth and Milestones

    With a solid business model, strategic partnerships, and a commitment to innovation, IBL Finance Limited is on track for sustained growth. The company continues to explore new opportunities and expand its footprint in the lending sector. As IBL Finance moves forward, it remains dedicated to its mission of delivering seamless, technology-driven financial solutions while maintaining strong asset quality and profitability.

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  • AZAD Engineering Inaugurates Exclusive Lean Manufacturing Facility

    AZAD Engineering Inaugurates Exclusive Lean Manufacturing Facility

    Hyderabad (Telangana) [India], April 29: Azad Engineering, a leader in precision engineering, marked another significant milestone today with the inauguration of its lean manufacturing facility designed to meet capacity commitments to GE Vernova’s Steam Power Services business unit at Azad’s Centre of Excellence & Innovation Centre in Tunikibollaram, Hyderabad.

    The 7,600 sq. mts. state-of-the-art facility was inaugurated by the following guests from GE Vernova: Mr. Rodolfo Torres, Lean Leader; Mr. Ankur Chandak, Sourcing Leader; Mr. Martin Schaefer, Global Commodity Leader; Mr. Akhona Qabaka, Supplier Quality Leader; Ms. Carly Lorence, Global Planning Lean Leader; and Mr. Rakesh Chopdar, Chairman and CEO of Azad Engineering.

    This lean manufacturing facility marks a major milestone for Azad Engineering. The journey that began with a few machines in 2013 has now evolved into a world-class manufacturing centre, demonstrating a shared commitment to excellence. This achievement represents years of rigorous qualification processes, technological advancement, and unwavering determination. The path from 2013 to today was marked by exacting quality standards, intensive audits & assessments, and the mastery of increasingly complex manufacturing techniques. Azad’s team overcame numerous engineering challenges, invested in specialized equipment and skills development, and demonstrated exceptional perseverance through demanding qualification trials. Each component required precision tolerances measured in microns, and the company continuously elevated its capabilities through vertical integration to meet the evolving requirements of Azad Engineering’s customers for critical power generation components. This journey reflects not just technical advancements, but the building of trust through consistent quality delivery even under challenging timelines and specifications.

    This new lean facility is a significant investment in expanding Azad Engineering’s manufacturing capabilities as part of its strategic focus on long-term partnerships with global OEMs across aerospace, defence, energy, and oil & gas sectors.

    This facility is also reinforcing the company’s position as a key player in the precision manufacturing landscape. The groundbreaking for this facility took place on April 24th, 2024, marking the beginning of this significant expansion.

    Key highlights of the facility are that it currently employs over 180 direct skilled professionals, with ongoing activities expected to add several hundred more skilled professionals in the near future. It also features cutting-edge technology for high-precision components, and lean principles aimed at enhancing productivity, integrates with Azad’s Centre for Excellence and Innovation and strengthens India’s position in global manufacturing.

    Addressing the gathering, Mr. Rakesh Chopdar, Chairman and CEO of Azad Engineering, said: “The inauguration of this exclusive lean manufacturing facility marks a significant milestone in our journey with GE Vernova’s Steam Power Services business unit that began in 2013. Our unwavering commitment to quality, innovation, and precision engineering has enabled us to evolve from a modest operation to this world-class manufacturing centre, further strengthening India’s position in global manufacturing. This 7,600 sq.mt. state-of-the-art facility is part of our broader strategy to create dedicated manufacturing spaces for key global OEM partners at our Centre of Excellence & Innovation Centre. With over 180 direct skilled professionals currently employed and plans to add several hundred more, we are creating a robust ecosystem of precision engineering excellence to produce approximately 1,00,000 blades per annum from this factory. The rigorous qualification processes we’ve undergone, achieving precision tolerances measured in microns, reflect Azad’s dedication to meeting the exacting standards of global industry leaders while continuously pushing the boundaries of engineering excellence.”

    The newly inaugurated facility is part of Azad Engineering’s broader strategy to create manufacturing capacity to meet the needs of key global OEM partners at its COE & Innovation centre.

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  • Kenrik Industries Ltd plans to raise up to Rs. 8.75 crore from Public Issue; IPO open till May 6, 2025

    Kenrik Industries Ltd plans to raise up to Rs. 8.75 crore from Public Issue; IPO open till May 6, 2025

    Highlights:

    • Fresh Public issue of Rs. 8.75 crore opens for subscription from April 29 to May 6
    • Minimum lot size for application is 6000 shares; Minimum IPO application amount Rs. 1,50,000
    • Funds raised through the issue will be used for working capital requirements and general corporate purposes
    • For FY23-24, the company reported revenues of Rs. 70.97 crore and Net Profit of Rs. 1.08 crore; For the seven months of FY25 ended 31st October 2024, the company reported revenue of Rs. 42.19 crore and Net Profit of Rs. 78 lakh
    • Turnaround Corporate Advisors Private Limited is the lead manager of the issue.

    Ahmedabad (Gujarat) [India], April 29: Gujarat based Kenrik Industries Ltd, company engaged in the design and distribution of traditional Indian jewellery is planning to raise up to Rs. 8.75 crore from its SME public issue. The company has received approval to launch its public issue on BSE SME Platform. The public issue open for subscription on April 29 and closes on May 6. The Proceeds of the public issue will be used for business expansion including Funding working capital requirements and general corporate purposes. •  Turnaround Corporate Advisors Private Limited is the lead manager of the issue.

    The initial public offering of Rs. 8.75 crore comprises of a fresh issue of 34.98 lakh equity shares of face value Rs. 10 each at Rs. 25 per share. Out of the fresh issue of Rs. 8.75 crore, the company plans to utilise Rs. 6.56 crore towards meeting working capital requirements and Rs. 1.8 crore towards the general corporate purpose. Minimum lot size for the application is 6000 shares, which translates into an investment of Rs. 1,50,600 per application. Retail investor quota for the IPO is kept at 47.51% of the offer. Promoter holding post issue will be 72.01%.

    Incorporated in 2017, Kenrik Industries Limited is engaged in the design and distribution of traditional Indian jewellery. The company’s product range features handmade gold jewellery studded with precious and semi-precious stones, including diamonds, rubies, and cubic zirconia. Company offers an extensive portfolio that includes rings, earrings, armlets, pendants, nose rings, bracelets, chains, necklaces, bangles, watches, luxury items, and wedding jewellery. The products are crafted to meet specific customer requirements and are manufactured on a job-work basis at the company’s facility located in Ahmedabad, Gujarat.

    Kenrik Industries Limited currently operates under a Business-to-Business (B2B) model, catering to customers across high-end, mid-market, and value market segments. The company places strong emphasis on quality control, inventory management, and business development, ensuring all jewellery is certified by BIS Hallmark. As of July 31, 2024, Kenrik Industries Limited has a total of 9 employees across various departments.

    For FY23-24 ended March 2024, company has reported net profit of Rs. 1.08 crore and revenue of Rs. 70.97 crore. As on 31st March 2024, ROE, ROCE and RONW of the company stands at 9.01%, 10.85% and 8.62% respectively.

    For the seven months ended 31 October 2024, the company reported revenue of Rs. 42.19 crore and Net Profit of Rs. 78 lakh. As of 31 October 2024, the company’s net worth was reported at Rs. 13.37 crore, and its Asset base was Rs. 15.98 crore. Shares of the company will be listed on the BSE SME platform.   

    IPO Highlights – Kenrik Industries Ltd
    IPO Opens on April 29, 2025
    IPO Closes on May 6, 2025
    Issue Price Rs. 25 Per Share
    Issue Size 34.98 lakh shares – up to Rs. 8.75 crore
    Lot Size 6000 Shares
    Listing on BSE SME Platform

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  • Thyrocare Q4FY25 Revenue Up 21 Percent YoY to Rs 187.2 Cr; PAT Rises 24 Percent to Rs 21.3 Cr

    Thyrocare Q4FY25 Revenue Up 21 Percent YoY to Rs 187.2 Cr; PAT Rises 24 Percent to Rs 21.3 Cr

    Navi Mumbai (Maharashtra) [India], April 24: Thyrocare Technologies Limited (hereinafter referred to as “Thyrocare” NSE: THYROCARE, BSE: 539871), a leading healthcare diagnostics company, announces their results for the quarter ended March 31, 2025. For Q4FY25, the company reported revenue from operations of INR 187.2 crore, reflecting a 21% year-over-year (YoY) growth. Normalized EBITDA for the quarter stood at INR 65.3 crore, marking a robust 78% YoY increase. Profit after tax (PAT), excluding exceptional items, reached INR 32.5 crore, which represents an impressive 88% YoY growth.Thyrocare Technologies Limited

    Key highlights for Q4FY25:

    • Consolidated revenue increased by 21% year-over-year (YoY) with Pathology and Radiology segments growing by 23% YoY and 7% YoY respectively
    • Total volume in FY25 grew to 167.9 million, largest by far on volume
    • Revenue from franchise surged by 22% YoY, and partnership revenue saw 24% YoY growth
    • Consolidated gross margin stood at 74%, and normalized EBITDA margin was 35%
    • Standalone normalized EBITDA grew by 72% YoY, while PAT* increased by 72% YoY
    • Consolidated normalized EBITDA grew by 78% YoY, while PAT* increased by 88% YoY
    • Recommended a final dividend of INR 21 per equity share subject to the approval of shareholders at the ensuing shareholders meeting
    • Consolidated cash reserves as of March 2025 is INR 191.8 Cr
    • Opened new labs in Bhagalpur and Kashmir

    Consolidated income statement for Q4FY25 and FY25:

    Quarter Annual
    INR Crore Q4FY25 Q4FY24 YoY FY25 FY24 YoY
    Revenue from operations 187.2 154.2 21% 687.3 571.9 20%
    Gross margin 137.7 107.6 28% 496.2 405.2 22%
    Normalized EBITDA (before ESOP) 65.3 36.7 78% 209.9 153.1 37%
    Reported EBITDA 57.4 33.8 70% 189.2 137.8 37%
    Profit after tax incl. exceptional item 21.3 17.2 24% 90.0 69.8 29%
    Profit after tax excl. exceptional item 32.5 17.2 88% 101.2 69.8 45%
    Key metrics
    Gross margin% 74% 70% 72% 71%
    Normalized EBITDA% 35% 24% 31% 27%
    Reported EBITDA% 31% 22% 28% 24%
    PAT incl. exceptional item% 11% 11% 13% 12%
    PAT excl. exceptional item% 17% 11% 14% 12%


    * PAT excluding exceptional item of INR 11.2 Cr pertaining to reversal of deferred tax asset created in previous years against the impairment of investment in NHL.

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  • How to Secure Your Retirement Years with Mutual Funds?

    How to Secure Your Retirement Years with Mutual Funds?

    New Delhi [India], April 26: Securing your retirement years needs proper planning right from a young age. By starting with a smaller investment in your 30s, you can create substantial wealth for your golden years. But what is one of the suitable ways to start investing with minimal amounts and accumulate wealth over the years? The answer is retirement mutual funds. In this blog, we’ll understand how you can plan for your retirement years with these funds and what factors to consider while selecting the retirement funds to invest for the long term.

    What are Retirement Mutual Funds?

    You must have heard of different types of mutual funds, like equity funds, liquid funds, and hybrid funds. But there are mutual funds that are tailor-made for retirement investment goals. Retirement funds are the type of solution-oriented mutual funds that have a minimum lock-in period of 5 years or can be redeemed earlier if you attain the retirement age.

    These mutual funds are good for long-term investment purposes as your invested money grows with the power of compounding. The professional fund manager takes care of the collected money and smartly invests across stocks and bonds to create a balance between risk and return. In later years, the fund keeps its focus on capital preservation and shifts investments towards lower-risk assets such as bonds.

    Once you achieve your retirement age, you can choose the option of regular payouts at fixed intervals, say monthly, helping you sail through your golden years without any financial burden.

    Investing in retirement funds is very simple, like any other mutual fund. You can start investing through the monthly SIP of as low as ₹500 (or the lump sum mode) by opening a free demat account with SMC Global Securities.

    How to Construct a Retirement Plan?

    To build a solid investment plan for your retirement life, you need to first calculate how many years are left to turn to 60. If you are close to your retirement age, then you need to invest a higher amount and vice versa. Choose the monthly investment amount based on your current income and the expected amount you need after retirement.

    Another important thing to consider while calculating the suitable retirement corpus is the expected inflation rate, as it is very important that your savings grow in line with inflation. Also, consider the expected returns you can get from the retirement funds before making an investment. Finally, do keep in mind your current monthly expenses and calculate how much you need in your old age to maintain the same standard of living.

    Factors to Consider While Selecting Retirement Funds

    Selecting the right retirement fund is very important so that you can create a required wealth within your risk-taking capacity. Here are 6 factors you need to consider before investing in a retirement fund:

    Explore Different Types of Funds

    Retirement funds are of different types based on their creation of an underlying portfolio of stocks and bonds. There are pure equity plans, aggressive hybrid plans, and conservative plans. Equity plans can provide high returns but at the cost of high risk, whereas hybrid ones can have a balanced portfolio with a moderate level of risk. To know the top retirement funds and stocks to invest now, you can explore the financial blogs on SMC Global Securities.

    Know Your Goals and Risk Appetite

    After understanding the different types of retirement funds, you need to select the one that matches your goals and risk tolerance. If you are near your retirement, then choosing a conservative plan is more appropriate to avoid excessive risk. If you are in your early 30s, then you can choose to invest in equity plans, as they can increase your investment amount many times.

    Analyze the Past Performance of Fund

    Before investing in a mutual fund, it is important to analyze the fund’s past returns generated in the last 5 or 10 years. Additionally, you also need to look at the fund’s key ratios, such as alpha, beta, and sharpe ratio to gauge the risk-adjusted health of the fund.

    Consider Liquidity Before Investing

    Retirement funds are subject to a 5-year lock-in period. So, always consider your financial position before making an investment decision. If you want to redeem your mutual funds at any time, you can also go with equity, hybrid, and debt funds to achieve your retirement goals and maintain the current liquidity.

    Analyze the Cost of Investing

    Evaluating the total cost of investing is very important as you have to invest for a long period. The higher investment cost can erode the returns and create a hurdle in your wealth-creation journey. So, you can consider a retirement fund with a low expense ratio to keep your redemption amount high.

    Focus on Long-Term Investment Period

    Though investment in retirement funds is locked in for 5 years, it paves the way for your long-term investment goals. For a substantial retirement corpus, you can consider investing in retirement funds for 10 years or more to achieve the benefit of compounding over the period.

    Conclusion

    Old age is considered a new phase of life, which needs to be relaxed and financially secure. The road to a happy retirement life stems from your young age, and you should make the right choices and continuously invest to grow your wealth. Retirement funds are one such instrument that can be part of your financial plans to benefit from expert-curated diversification and disciplined investing.

    Disclaimer: This article is only for informational purposes and does not intend to advise or recommend any sort of investment or platform.

  • FX SmartBull Wins Prestigious “Traders Choice Award 2025” at Pro FX Expo, MENA Dubai

    FX SmartBull Wins Prestigious “Traders Choice Award 2025” at Pro FX Expo, MENA Dubai

    Dubai [UAE], April 14: FX SmartBull, a fast-rising leader in the global currency and commodity trading industry, has been honored with the “Traders Choice Award 2025” at the prestigious Pro FX Expo, held at MENA, Dubai. This recognition is a testament to the firm’s excellence in service, reliability, and commitment to empowering traders across the globe.

    The award was proudly received by Mr. Mikhail, CEO of FX SmartBull, and Mr. Ravi Mahaseth, Director, in front of an esteemed audience of industry leaders, institutional investors, and top trading professionals.

    FX SmartBull has rapidly gained the trust of thousands of traders through its innovative offerings and client-centric approach, including:

    • Instant Deposit & Withdrawal – Enabling seamless and real-time fund transactions for a hassle-free trading experience.
    • Multiple Types of Trading Accounts – Catering to beginners, experienced traders, and institutional clients with tailor-made account options.
    • Prompt 24×7 Customer Support – Ensuring traders receive round-the-clock guidance, support, and technical assistance.
    • Transparent Operations & User-Friendly Interface – Building long-term relationships based on trust, simplicity, and performance.
    • Regulated in 4 Countries – Operating with full compliance under regulatory bodies in the UK, Mauritius, Saint Vincent, and Saint Lucia, ensuring safety and confidence for our global client base.
    • Global Reach with Local Understanding – Providing regionally attuned services with a strong international infrastructure.

    “This award truly belongs to our ever-growing community of traders who have trusted us and inspired us to constantly improve. At FX SmartBull, we aim to make currency and commodity trading smarter, faster, and more rewarding for everyone,” said Mr. Mikhail during the award ceremony.

    As FX SmartBull continues to raise the bar in the trading landscape, this milestone reaffirms its position as a preferred choice among global traders.

    Disclaimer: This article is for informational purposes only and does not constitute financial advice. Trading in commodities includes financial risks, and past performance is not indicative of future results. Readers should conduct their own research before making any investment decisions.

  • Massive Market Shift: ACME Capital Announces Successful First Round of INR 100 Crore Fund!

    Massive Market Shift: ACME Capital Announces Successful First Round of INR 100 Crore Fund!

    New Delhi [India], April 9: ACME Capital Venture Fund, a ₹100 Crore initiative led by ACME Finvest—the renowned ACME Group investment arm—has set the stage for a transformative shift in India’s venture capital ecosystem. With its SEBI registration (IN/AIF1/24-25/1767) and Category I AIF status, this fund is set to redefine how early-stage startups access capital, igniting enthusiasm across industries and entrepreneurial communities.

    Revolutionizing India’s Venture Capital Landscape

    The launch of ACME Capital Venture Fund represents a bold move into uncharted territory for India’s vibrant startup ecosystem. As a Category I Alternative Investment Fund (AIF), the fund is specifically designed to fuel innovation, stimulate economic growth, and create job opportunities. This classification underscores its strategic alignment with national priorities, positioning it as a crucial player in the country’s innovation economy.

    India’s venture capital market has experienced significant growth, transforming from an emerging sector into a sophisticated ecosystem that draws global investors. ACME Capital Venture Fund’s entry introduces a strong new dimension to this space, providing startups with not only capital but also strategic expertise to assist them in scaling their ideas into impactful businesses.

    A Targeted Approach to Investment

    The fund’s strategy is sharply focused on industries with significant growth potential, including deep-tech innovations, sustainable technologies, and consumer-centric solutions.

    Even in challenging economic conditions, these sectors have demonstrated resilience and scalability, making them ideal candidates for disciplined venture capital investment.

    Ramon Talwwar, CEO and founder of ACME Group, articulated his vision for the initiative:

    “Through ACME Capital Venture Fund, we’re not just participating in the segment—we’re actively reshaping it with disciplined capital allocation and a partnership-focused engagement with founders who show exceptional promise.”

    Talwwar’s leadership has played a crucial role in establishing ACME Group’s reputation as a trusted name in investment solutions.

    What This Means for Startups and Investors

    The timing of this fund launch is highly significant. As global venture capital flows adjust amidst economic uncertainty, domestic funds such as ACME Capital Venture Fund are stepping up to offer stability and localized expertise. The fund’s presence brings a competitive edge in early-stage financing, providing founders with improved terms while enhancing governance and operational excellence standards.

    This initiative signifies more than mere financial support for startups facing challenging fundraising conditions—it provides a strategic partnership focused on long-term growth.

    By concentrating on ventures that have scalable business models and disruptive potential, ACME Capital Venture Fund establishes itself as a key player in shaping India’s entrepreneurial future.

    Bold Vision for Industry Transformation

    The launch of ACME Capital Venture Fund reflects growing confidence in India’s startup ecosystem despite global headwinds. Analysts believe that initiatives like this will play a crucial role in sustaining momentum within the innovation economy. With ₹100 Crore designated for investment in carefully chosen ventures, the fund highlights its commitment to fostering transformative ideas that align with national development objectives.

    Ramon Talwwar’s bold vision for ACME Capital Venture Fund is grounded in his belief that India’s startup ecosystem represents one of the most lucrative opportunities in the world:

    “India isn’t just catching up; it’s at the forefront of innovation. Our fund offers investors a front-row seat to this revolution.”

    As ACME Capital Venture Fund begins its investment journey, its impact is anticipated to ripple across industries, benefiting individual startups and shaping broader trends in venture financing.

    Entrepreneurs seeking meaningful partnerships will discover more than just funding here; they will gain access to experienced investors dedicated to transforming their ideas into sustainable businesses.

    Talwwar emphasized:

    “We’re not waiting for opportunities; we’re creating them. This ₹100 crore fund is just the beginning—our vision extends far beyond numbers.”

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  • Apollo Techno Industries Limited files DRHP for IPO: Advocates sustainability in listing on a stock exchange

    Apollo Techno Industries Limited files DRHP for IPO: Advocates sustainability in listing on a stock exchange

    Mehsana (Gujarat) [India], April 4: Apollo Techno Industries Limited (Apollo, The Company) is a Mehsana, Gujarat-based company that manufactures a variety of specialised construction equipment. Apollo Techno Industries Limited is the only domestic manufacturer that is engaged in the manufacturing of Horizontal Directional Drilling Rigs, Diaphragm wall Drilling Rigs and one of the manufacturers of Rotary Drilling Rigs catering the end user industries demand in India as well as in Export markets, The company has filed its Draft Red Herring Prospectus (DRHP) with the BSE SME platform. The proposed Initial Public Offering (IPO) will consist of up to 3700000 equity shares with a face value of ₹ 10 each.

    The objective of the IPO is to meet the company’s working capital needs and general corporate purposes as Apollo Techno Industries Limited scales up operations and expands market reach.

    Financial Performance

    For the fiscal year ending March 31, 2024, Apollo Techno Industries Limited reported revenue of ₹ 6,897.67 Lakhs, EBITDA of ₹765.23 Lakhs, and PAT of ₹ 323.06 Lakhs.

    For September 30, 2024, the revenue of ₹ 4,924.54 Lakhs, EBITDA of ₹ 909.66 Lakhs and PAT of ₹ 545.21 Lakhs.

    About Apollo Techno Industries Limited

    Apollo Techno Industries Limited is a manufacturer specializing in trenchless equipment and foundation equipment for the construction industry. Their product line-up includes Horizontal Directional Drilling (HDD) Rigs, Diaphragm Drilling Rigs, Rotary Drilling Rigs, and Spare Parts. The Horizontal Directional Drilling Rigs are primarily utilized for the installation of essential utilities such as gas, water, sewer lines, optical fibre cables, and electrical conduits. The Diaphragm Drilling Rigs are designed for constructing foundations for deep basements, retaining walls in railway, airports and metro stations, as well as developments along riverfronts. The Rotary Drilling Rigs are employed for creating foundation piles necessary for high-rise buildings and bridges. We also provide warranties, on-site support and technical training to ensure our customers are well-equipped to utilize our machinery effectively.

    With in-house design and engineering capabilities, The Company Is able to offer a broad spectrum of products and solutions that emphasize quality to our clients. In addition to our manufacturing capabilities, Apollo Techno Industries Limited also provide refurbishment services for used machines at our factory. This comprehensive approach not only enhances our product offerings but also reinforces our commitment to sustainability and customer satisfaction in the construction equipment market.

    Beeline Capital Advisors Private Limited has been appointed as the Book Running Lead Manager to the Issue, while MUFG Intime India Private Limited Will serve as the Registrar to the Issue.

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  • Accosis Launches Free Accounting Automation Software for Businesses

    Accosis Launches Free Accounting Automation Software for Businesses

    New Delhi [India], April 3: Say goodbye to expensive accounting tools and hello to seamless financial management with Accosis Advanced Accounting Software — a powerful, zero-cost solution designed to simplify bookkeeping, invoicing, and billing for businesses of all sizes.

    Packed with automated GST compliance, real-time financial reporting, and bulk payout processing, this intuitive platform helps you stay on top of your finances with ease. No more hassle of complex spreadsheets or costly software.

    Accosis offers a full suite of essential accounting features, including:

    • Accounts Receivable and Payable Management: Effortlessly track money coming in and going out to maintain a healthy cash flow.
    • Customer and Vendor Tracking: Keep comprehensive records of all business interactions for easy management.
    • Inventory Management: Stay organized by monitoring stock levels and tracking inventory with minimal effort.
    • Automated Invoicing: Create and send invoices automatically, minimizing manual effort and reducing human error.
    • Expense Tracking: Monitor business expenses in real time with convenient categorization and reporting options.
    • Financial Reporting: Generate comprehensive, insightful reports with just a click, helping you understand your company’s financial health.
    • Multi-Account Management: Manage multiple bank accounts from a single, unified dashboard.
    • Secure Data Handling: Protect sensitive financial data with robust security measures and encryption.

    Whether you’re invoicing clients, reconciling payments, or monitoring your cash flow, Accosis Advanced Accounting Software ensures smooth operations without the burden of extra costs.

    Its AI-powered automation drastically reduces manual data entry, making it easier than ever to generate reports and stay on top of your financial health. Plus, with cloud-based access, you can manage transactions and payments in real time, from anywhere, at any time.

    We’re committed to helping businesses thrive with free, efficient financial solutions that simplify operations, ensure compliance, and improve cash flow. Accosis Advanced Accounting Software is not just a tool — it’s your partner in transforming the way you manage finances.

    Join the digital accounting revolution today and experience the future of financial management at no cost.

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  • Traze Expands into South Asia, Unlocks Global Trading Access for Retail Investors

    Traze Expands into South Asia, Unlocks Global Trading Access for Retail Investors

    New Delhi [India], April 2: In a bold move to capture the rapidly growing retail investment market across India and its neighbouring economies, global trading platform Traze, powered by Zeal Group, has officially announced its expansion into South Asia. Backed by robust technology, advanced security protocols, and a unique rewards-based model, the platform aims to redefine access to global financial markets for both seasoned traders and new investors in the region.

    The expansion comes amid a dramatic rise in online trading adoption in countries like India, Bangladesh, and Sri Lanka, where millions of first-time investors are turning to digital platforms to manage and grow their wealth. With a proven track record across Southeast Asia, MENA, and South Africa, Traze’s foray into South Asia marks a pivotal chapter in Zeal Group’s international growth playbook.

    “Our mission is to empower South Asian investors with tools and resources that ensure secure, transparent, and seamless trading experiences. Traze is more than just a platform—it is an enabler for traders from the region to access global opportunities and achieve their financial goals,” said the CEO of Traze in an official statement.

    Comprehensive Access with Next-Gen Infrastructure

    Traze offers users access to over 120 financial instruments, including Contracts for Difference (CFDs), equities, indices, commodities, cryptocurrencies, and 12 types of precious metals. With trading supported on MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, users benefit from world-class tools such as algorithmic trading, real-time analytics, advanced charting, and AI-based trading signals.

    Designed to serve traders at every experience level, Traze provides flexible account types including STP (Straight Through Processing) accounts for beginners and ECN (Electronic Communication Network) accounts for professional traders, offering ultra-low spreads and high-speed execution. With a low entry threshold of just $50, the platform is also accessible to a wide range of retail users.

    What sets Traze apart is its multi-jurisdictional compliance framework. The platform is regulated by the Financial Conduct Authority (FCA) in the UK, Financial Services Authority (FSA) in Seychelles, Bappebti in Indonesia, and Financial Sector Conduct Authority (FSCA) in South Africa. In addition, it holds a Category 1 license from the Securities and Commodities Authority (SCA) in the UAE.

    The company also implements a four-layer security system with segregated client funds to ensure transparency and fund protection—an essential concern for retail traders wary of counterparty risk.

    ZDS Token Rewards: Making Trading Engaging and Profitable

    Perhaps the most innovative aspect of Traze is its ZDS Token Rewards Program, which gamifies trading while offering real-world financial incentives. Unlike conventional platforms that focus purely on fees and transactions, Traze introduces ZDS tokens and ZDU points to create a participatory financial ecosystem.

    Key features of the program include:

    • Loss Protection: Traders who incur monthly losses can receive credit back in ZDU points, convertible into ZDS tokens.
    • Referral Incentives: Referrers earn matching rewards when their invitees verify their accounts, deposit funds, and complete trades.
    • Profit-Based Conversion: Up to 20% of monthly profits can be converted into ZDS tokens if trading volume benchmarks are met.
    • Equity-Based APR: The platform offers an APR of up to 32.85% based on the user’s net equity and engagement.
    • Tiered Rewards: As users trade more, they unlock higher tiers with better interest rates, additional bonuses, and exclusive benefits.

    The rewards program is aimed at building user stickiness while reinforcing trading discipline and activity across all user segments.

    South Asia: A Fintech Frontier

    With over 100 million new retail investors entering the market across South Asia in the past three years, the region represents a compelling opportunity for digital-first financial platforms. In India alone, the number of demat accounts has more than doubled since 2020, while fintech penetration is growing rapidly in Bangladesh and Sri Lanka.

    Traze’s entry into the market signals growing global confidence in the region’s retail investment potential. The company is expected to focus heavily on localising its product offering, onboarding regional influencers, and building strategic partnerships with financial education platforms and brokers.

    As digital-first trading becomes the norm and regulatory environments evolve to support innovation, platforms like Traze are poised to bridge the gap between traditional investors and modern financial opportunities.

    Looking Ahead

    With strong institutional backing from Zeal Group and a clear focus on compliance, accessibility, and innovation, Traze is positioning itself as a formidable player in South Asia’s trading ecosystem. Its launch is timely, given the evolving investor appetite for global diversification and tech-driven investment platforms.

    For investors looking to start or upgrade their trading journey, Traze offers a unique blend of technology, rewards, and regulatory confidence—delivering not just access to markets, but a holistic experience aimed at long-term financial empowerment.

    Disclaimer: This is a sponsored press release. Investment in financial instruments is subject to market risks. Past performance is not indicative of future results. Readers are advised to conduct thorough independent research or consult with a SEBI-registered investment advisor prior to making any investment decisions.