Category: Press Release

Mumbai (Maharashtra) [India] September 9: Greensole, a leading brand in sustainable footwear, is excited to announce the launch of its flagship store at Phoenix Market City, Kurla. This significant event represents a major step in the brand’s mission to promote eco-friendly fashion while offering stylish and comfortable footwear for environmentally conscious consumers.

Situated on the G-17A LG Floor of one of Mumbai’s top shopping destinations, the new store showcases Greensole’s dedication to sustainability, featuring a wide range of vegan and upcycled footwear. The store’s design reflects the brand’s values, using eco-friendly materials and minimalist aesthetics to support its goal of reducing the fashion industry’s carbon footprint.

The launch event was graced by several notable figures from the fashion and entertainment industries, including Head of Sustainability Lakme Fashion Week – Ms Darshana Gajare, actors Manav Gohil and Pavail Gulati. Their presence underscored the growing support for sustainable practices within the industry.

Greensole’s founders, Shriyans Bhandari, Ramesh Dhami with the support of Rushabh Vora and Ram Fashion Exports, have long championed the idea that fashion should be both stylish and responsible. “Our new store is not just a retail space; it’s a statement that eco-friendly choices can be fashionable and accessible,” said Bhandari. “We are excited to bring our sustainable products to a wider audience and continue our mission of creating a positive impact on the environment.”

The store features a carefully chosen collection of footwear for men, women, and children, all crafted from recycled and upcycled materials. The Greensole flagship store aims to become a destination for those who prioritize sustainability without sacrificing style.

Do grab a chance to visit the store and see their new collection. Now is the time to Step Towards Sustainability!

About Greensole Footwear Pvt. Ltd

Greensole was established with the goal of making a positive environmental impact by transforming discarded footwear into comfortable shoes. The brand is committed to advancing sustainable fashion and has upcycled thousands of shoes and supplying footwear to those in need.

For more information, visit greensole.com or follow them on social media Instagram: @greensole

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New Delhi [India], September 9: SPP Polymer Limited, a leading manufacturing company for over two decades, promoted by Mr Dipak Goyal, Mr Mahavir Bahety & Mr Liladhar Mundhara, is planning to raise Rs. 24.49 crores from its SME public issue. The company has received approval to launch its public issue on the NSE Emerge Platform of the National Stock Exchange. The public issue opens for subscription on September 10 and closes on September 12. The Proceeds of the public issue will be utilised to meet the company’s working capital requirement, prepay or repay loans availed and general corporate purposes. Interactive Financial Services Ltd is the book-running lead manager of the issue.

The initial public offering of Rs. 24.49 crore comprises a fresh issue of 4,150,000 shares of face value of Rs. 10 each. The company has a fixed price of Rs. 59 per share for the public issue. The minimum lot size for retail investors is 2000 shares, amounting to a minimum investment of Rs 118,000.

Incorporated in 2004, SPP Polymer Limited, formerly known as SPP Food Products Private Limited, is situated at Sidcul Rudrapur, Uttarakhand; it owns a land area of 13650 sq mtr and a constructed area of 7500 sq meters. It manufactures a wide range of HDPE/PP woven fabric and bags, non-woven fabrics and bags, and Multifilament Yarn. The company is located in Rudrapur City, Uttarakhand.

The product portfolio comprises HDPE/PP woven Fabric, HDPE/PP Woven Bags, Non-woven Fabric, non-woven Bags and Multifilament PP Yarn.

The company offers customised solutions according to its clients’ specifications. Its installed capacity of HDPE/PP Woven Fabric and bags totals 9125 MT, Non-woven Fabric 3600 MT, and Multifilament Yarn 300 MT per annum.

The company has received ISO 9001:2015, 45001:2018, 14001:2015, and SA 8000:2014 accreditation for its quality, occupational health and safety management, and environmental management systems.

The company provides packaging solutions to business-to-business (“B2B”) manufacturers catering to different industries such as cement, chemicals, food grains, sugars, polymers, agriculture, and others for the packaging of goods in large quantities.

Highlights:-

• Fresh Public issue of 41.5 lakh equity shares opens for subscription from September 10 to September 12
• The company engaged in the business of manufacturing HDPE/PP woven fabric & bags, Non-woven fabrics & bags and PP Multifilament yarn
• Minimum lot size for application is 2000 shares; Minimum IPO application amount Rs. 1.18 lakh
• Funds raised through the issue will be used to meet the working capital requirements, repayment of loans and general corporate purposes
• For Q1FY25, the company reported revenues of Rs. 28.95 crore and a Net Profit of Rs. 91.33 lakh

Interactive Financial Services Ltd is the book-running lead manager of the issue.

Business Highlights:-

The company has reported excellent operational and financial performance over the years. The Company has witnessed a multi-fold growth in revenue and profitability over the years. For FY23-24 ended March, the company reported a net profit of Rs. 99.40 lahks and revenue of Rs. 91.75 crores as compared to profitability and revenue of Rs. 54.42 lahks and Rs. 66.04 crore in FY22-23.

As of June 2024, the company’s Net Worth was reported at Rs. 25.91 crore, Reserves & Surplus at Rs. 15 crore and Asset base of Rs. 76.19 crore. As of March 2024, the ROE of the company was 8.01%, ROCE was 4.27%, and RONW was 3.98%. The company’s shares will be listed on NSE’s Emerge platform.

IPO Highlights – SPP Polymer Limited
IPO Opens on	September 10, 2024
IPO Closes on	September 12, 2024
Issue Price	Rs. 59 Per Share
Issue Size	41.5 lakh shares – up to Rs. 24.49 crore
Lot Size	2000 Shares
Listing on	NSE Emerge Platform of National Stock Exchange

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Mumbai (Maharashtra) [India] September 9:  Star Housing Finance Limited (Star HFL), a retail-focused housing finance company specialising in low-ticket loans, has crossed Rs. 500 Crs AUM. The company primarily operates in tier II and tier III towns and semi-urban areas and has served more than 5000 families, focusing on the Economically Weaker Section (EWS) / Low Income Group (LIG) segment.

This represents a significant milestone for the Company, aligning with the stated growth objectives. Star HFL has achieved this through its 30+ operational branches and staff of 250+ employees working across geographies and business functions. The occasion was celebrated across locations with zest and enthusiasm.

Star HFL’s team is made up of HFC professionals with deep expertise in both domain and execution. The senior leadership team is backed by a strong and independent Board comprising reputed professionals from the BFSI space. The Company has scaled up while remaining steadfast in its commitment to its business philosophy of providing housing finance assistance to prospective first-time home buyers within its target customer segment.

Commenting on the milestone, Mr Kalpesh Dave, CEO of Star HFL, said, “We are thrilled to become an Rs.500 crs AUM company. This milestone enhances our visibility in the stakeholder spectrum, especially in the debt market, equity market and rating engagement. Our meaningful role in fulfilling home-owning aspirations for our deserving customers brings us even greater satisfaction. This has been teamwork and would not have been possible without the support of all stakeholders, including the Reserve Bank of India, the National Housing Bank, our banking partners, our rating partners, our business associates, our valued customers and last but not least, our shareholders. As we embark on the next phase of our growth journey, we are excited and optimistic about our goal to serve over 10,000 homebuyers in the next 6 to 8 quarters.”

Affordable Housing has seen renewed focus from the Government of India with a relaunch of PMAY through PMAY 2.0 and re-start the credit-linked subsidy scheme. Moreover, recent budget announcements have established a strong framework assisting in facilitating more than 3 crore houses across the length and breadth of India, including the outlay of more than Rs. 10 lakh crs. These announcements should add to the favourable macros in the housing space. Housing finance companies, particularly those focused on retail, affordable housing spaces like Star HFL, are well-positioned to benefit from these tailwinds and are well-poised for future growth.

About Star Housing Finance Limited (Star HFL)

Star Housing Finance Limited (Star HFL) is a retail housing finance company. The Company has been operational in the low-cost housing space. Star HFL provides long-term housing finance assistance to EWS/LIG families towards the purchase/construction of low-cost housing units (affordable housing) in its operational geographies. Star HFL is a professionally managed Company with a presence across Maharashtra, Madhya Pradesh, Gujarat, Rajasthan, NCR and Tamil Nadu. Star HFL is registered as a Primary Lending Institution (PLI) under the Pradhan Mantri Awas Yojana (PMAY). Star HFL has its Registered & Corporate Office in Mumbai, Maharashtra.

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New Delhi [India] September 6:  On the eve of the Global AI Summit 2024, organized by the Government of Telangana, Bharat Smart Services launched two cutting-edge AI-powered devices designed to help consumers conserve energy and reduce their electricity bills. These innovative solutions have earned appreciation from the Honorable Chief Minister, Revanth Reddy  the Honorable IT Minister of Telangana, and other dignitaries who visited the summit.

How Can Bharat Smart Services Help You?

With the Bharat Smart Services App, you can:

• Monitor Appliance-Wise Consumption: Know exactly how much energy each appliance in your home is using.
• Audit Your Appliances: Compare actual wattage versus rated wattage to identify high-consuming appliances and take action to reduce your usage.

Tackling High Electricity Bills

Both consumers and electricity utilities face challenges when it comes to high electricity bills. Bharat Smart Services offers a solution for both:

For Consumers: Request a Home Audit through the Bharat Smart Services App. A Climate Yodha will visit your home, connect AI-powered devices to your major appliances, and provide an audit report with actionable insights to help you avoid wasteful consumption and reduce your electricity bill.

For Utilities: Assign high billing complaints to Bharat Smart Services. A Climate Yodha will visit the consumer’s premises, audit their major appliances, and confirm that the bill reflects actual consumption. If further clarification is needed, BSS will install the Bijli Auditor for a week to monitor real-time consumption and provide a detailed report through the Bharat Smart Services App.

AI-Powered Devices

Bijli Auditor

• Install a single Bijli Auditor in your home and configure it via the Bharat Smart Services (BSS) App.
• The device will learn your appliance usage patterns and provide appliance-wise consumption monitoring.
• Real-time dashboards in the BSS App ensure ongoing consumer engagement, offering insights to avoid excessive consumption and encouraging energy conservation.

AI-Powered Smart Plug

• Connect any appliance to the Smart Plug to control it remotely and monitor its consumption.
• The Smart Plug learns the appliance’s usage patterns, offering AI-driven insights to reduce consumption without sacrificing comfort.
• It can even detect abnormal appliance behavior and disconnect it to prevent accidents.

Use Cases

Smart Plug for Geysers: The plug learns the ON/OFF patterns of your geyser and optimizes its operation, potentially reducing consumption by up to 50%.

Smart Plug for Chargers: Automatically cut off power after full charge, enhancing battery life and extending the lifespan of your devices.

For more updates, visit the Bharat Smart Services App and our website: bharatsmartservices.com.

Download the Bharat Smart Services AI-Powered App from the Playstore and discover how you can save on your electricity bill!

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New Delhi [India], September 7:  The much-anticipated Sundowner Festival is set to make its grand debut, offering an unforgettable two-day experience packed with music, food, and mesmerizing sunsets.

Scheduled to take place on 21st and 22nd September at Major Dhyanchand Stadium, New Delhi, this festival promises to be a highlight of the season, bringing together a diverse lineup of artists and a vibrant atmosphere that caters to every taste.

A Decade in the Making

Founded by seasoned entertainment industry professionals Manish Sharma, Mohit Chhabra, and Sharon Banerjee, the Sundowner Festival is the culmination of their decade-long journey in the entertainment sector. The festival’s success is also ensured by the expertise of Vani Jindal, the curator & strategist, and Naman Sehgal, the production head. Together this dynamic team has curated a festival that blends genres, cultures, and unique experiences, making it a must-attend event for music lovers and food enthusiasts.

A Diverse Artist Lineup

The Sundowner Festival boasts an impressive roster of 8+ artists who will perform live for an expected audience of 15,000 across the two-day event. Headlining the festival are the

renowned Electronic Duo TechPanda x Kenzani and Bollywood sensation Jasmine Sandlas. Joining them are Akshath Acharya, known for the hit single “Nadaniya,” and rising indie star Osho Jain, among others. The festival offers a mixed-genre lineup that ranges from

high-energy electronic beats to soulful indie tunes and Bollywood favourites, ensuring there’s something for everyone.

A Platform for Local Talent

In addition to the headliners, the Sundowner Festival is committed to supporting local talent by providing them with a platform to showcase their skills. This initiative underscores the festival’s dedication to nurturing the next generation of artists, giving them the opportunity to perform in front of a large and enthusiastic crowd.

A Feast for the Senses

The Sundowner Festival is not just about the music. Attendees can indulge in a variety of culinary delights, with an array of cocktails and gourmet food options available throughout the event. The festival also features experiential zones, where attendees can explore, shop, and immerse themselves in the vibrant atmosphere. Whether you’re there to dance, dine, or discover something new, the Sundowner Festival has it all.

Join the Celebration

Mark your calendars for 21st and 22nd September and get ready to celebrate the start of the season in style at Major Dhyanchand Stadium, New Delhi. With its eclectic mix of music, food, and fun, the Sundowner Festival promises to be an event like no other.

For media inquiries, please contact:

Ankit Dubey

PR Manager

+91 9993490919

About Sundowner Festival

The Sundowner Festival is an annual two-day event that celebrates music, food, and culture, bringing together artists from various genres and offering attendees an immersive experience. Founded by Manish Sharma, Mohit Chhabra, and Sharon Banerjee, the festival aims to create a vibrant community where people can connect, celebrate, and enjoy the best of what life has to offer.

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Mumbai (Maharashtra) [India], September 7: The IIT Bombay-WashU Executive MBA program is specifically designed to address the complex challenges faced by top executives and CXOs. It aims to enhance leaders’ capacity to wield power and influence effectively while skillfully navigating global and economic uncertainties.

Participants gain valuable insights into critical areas such as global business expansion, corporate finance, M&A, entrepreneurship, start-up consulting, innovation, and the application of artificial intelligence and machine learning (AI/ML). These insights are essential for driving growth in today’s rapidly evolving business environment. The curriculum also explores strategies for navigating organizational politics, supporting career transitions through leadership coaching, and fostering innovation in both established corporations and emerging startups.

By emphasizing strategy and management, the program equips CXOs with the tools needed to lead with foresight and resilience, ensuring they are well-prepared to steer their organizations toward success amid ongoing challenges and opportunities.

The IIT Bombay-WashU Executive MBA program is set to launch its 10th batch in January 2025. This prestigious program continues to nurture innovative, entrepreneurial, and leadership skills. Known for its commitment to promoting high standards of management practices, research, and industry collaboration, the program draws participants from various industries and functions, bringing rich experience and a drive to excel.

The upcoming cohort will feature a diverse mix of entrepreneurs, senior executives, and professionals in leadership roles, all eager to enhance their functional knowledge and leadership skills. The batch is characterized by its tech-savvy, change-embracing, and performance-driven ethos, ensuring a robust learning environment for all participants.

The launch event for the 10th cohort of the IIT Bombay – WashU Executive MBA program will be held at the IIT Bombay campus, bringing together a dynamic blend of seasoned professionals and emerging leaders. This unique Executive MBA program, a collaboration between IIT Bombay and Washington University in St. Louis, is the only one in the world to confer a joint degree from both an Indian and an American university. It focuses on fostering leadership and enabling successful change management, ensuring participants are well-prepared to tackle strategic challenges in the evolving business landscape.

The 18-month program offers a modular general management curriculum featuring 17 residency teaching modules in India and three in Washington, D.C., and St. Louis, coupled with state-of-the-art facilities and executive coaching tailored for career development. This program is designed to elevate participants from domain experts to influential leaders, with a strong emphasis on innovation, leadership, and global collaboration.

Career Transitions after the Executive MBA program

Several participant have recently undergone notable career transformations. Dr. Paul Pallath has advanced from his role as EVP, Big Data & Advanced Analytics at Vodafone India to becoming the VP of Applied AI at Searce Inc in the USA. Similarly, Vibhu Jain transitioned from being the Head of Commercial Marketing & Strategy for the Asia Pacific at Merck Group to now leading the Chemistry Synthesis Solutions at MilliporeSigma in the USA. Sharad Chandra, who previously served as an Engineering Manager at Cisco Systems, has been promoted to Director of Software Engineering at Cisco Systems (India) Private Limited.

Cdr. Rahul Verma (Retd), who was the Director of Innovation and Commander (TDAC) in Aviation & Unmanned Systems at the Indian Navy, has now taken on the role of Deputy General Manager at TATA Advanced Systems Limited. Ahan Shah has moved up from his position as Senior Manager of Syndication at Disney Star to become the Manager of Media Rights at the International Cricket Council. Rishi Kalia has progressed from being a Program Manager at Tech Mahindra to holding the Vice President position at Tech Mahindra in Germany. Lastly, Sheshadri Srinivas has made a significant leap from being a Director at Canarys to becoming the Chief Executive Officer at Canarys IT Solutions.

These examples demonstrate how the IIT Bombay – WashU Executive MBA for working professionals has empowered them to achieve new heights in their careers, reinforcing the program’s reputation for driving industry impact.

The EMBA program offers an in-depth curriculum covering strategic management, innovation, start-up consulting, data analytics, corporate finance, leadership, and more. With its 18-month duration, including a two-week residency in Washington D.C. and St. Louis, the program is designed to provide a comprehensive, globally oriented education. Classes will be conducted in a state-of-the-art classroom on the IIT Bombay campus, providing participants with an enriching learning environment.

Gopal Shukla, CEO of the IIT Bombay – WashU Joint Venture, anticipates another successful year for the program and reaffirms the program’s commitment to producing world-class leaders ready to tackle future challenges.

For more information, visit IITB-WashU EMBA Program or contact us at +91 810810 5963 / +91 810810 5798  or admissions@iitb-wustl.org.

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New Delhi [India] September 6: In the annals of administrative excellence, certain leaders stand out for their transformative impact. IAS Subodh Agarwal, Former Additional Chief Secretary of the Mines and Petroleum Department in Rajasthan,  is one such luminary. Dr. Agarwal emerged as a catalyst for transformation. Once mired in the challenges of illegal mining, the department is now a cornerstone of the state’s economic growth. His tenure has been marked by visionary strategies, meticulous planning, and unwavering commitment to progress.

Transforming a department requires more than a strategic vision, it demands a fundamental rethinking of how resources can be managed to drive both economic and sustainable progress,” said IAS Subodh Agarwal.

Breaking the Back of Illegal Mining

The Mines Department, once synonymous with illegal mining and environmental degradation, underwent a metamorphosis under IAS Subodh Agarwal’s leadership. “Illegal mining was a scourge on the state; We took decisive action to eradicate this menace and ensure that the mining industry operates within the bounds of law,” asserted IAS Subodh Agarwal. The department saw the launch of a historic 240-day campaign against illegal mining—a campaign that resulted in over 4,700 cases being registered, 1,107 FIRs lodged, and 723 individuals arrested. This unprecedented move set a new standard for governance in the sector.

Areas like Braj Chaurasi were liberated from the clutches of the mining mafia and red sandstone leases were initiated. This relentless pursuit of transparency and accountability shattered the chains of malpractice. Today, the same department, once tainted, stands as a beacon of hope and progress.

Enhancing Revenue through Mineral Auctions

IAS Subodh Agarwal’s focus on revenue generation has been equally impactful. Under Dr. Agarwal’s guidance, his team discovered precious minerals hidden beneath the earth’s surface and meticulously prepared blocks for online auctions to unlock the state’s mineral wealth. The results were staggering: 17 mineral blocks, including major minerals like potash, iron, and manganese, were auctioned, leading to a record revenue collection of approximately ₹18,000 crores and a surge in economic prosperity, underscoring the effectiveness of this approach. “Strategic resource management is the base of economic transformation; the mining sector’s revenue doesn’t merely support the state’s growth—it will help in fundamentally reshaping its economic landscape,” emphasized IAS Subodh Agarwal. Incidentally, this is the stone that contributed to the construction of the Ram Mandir and the Temple in UAE, symbolizing both spiritual and economic significance.”

Fueling Progress: Strengthening Infrastructure

Dr. Agarwal’s tenure also marked significant advancements in the petroleum sector. Refinery work accelerated, and gas pipelines crisscrossed cities like Kota and Jaipur. The expansion of the state’s refining capacity and the acceleration of refinery work were pivotal in securing Rajasthan’s energy future. These infrastructure projects remain testament to his commitment to infrastructure development. The Rajasthan State Mines and Minerals Limited (RSMM) saw renewed vigor, with an estimated revenue of Rs. 343 crore. IAS Subodh Agarwal stated “our strategic initiatives are not just about meeting current demands but ensuring long-term sustainability and growth.” The vision extended beyond revenue – it encompassed sustainable energy solutions.

Promoting Legal and Sustainable Mining

In a move to further legalize and sustain mining operations, IAS Subodh Agarwal reinstated legal gravel mining in Bansi Paharpur after a three-year hiatus. The department implemented measures to minimize the environmental impact of mining operations—such as promoting reclamation and rehabilitation of mined-out areas. “It’s crucial that our approach balances economic growth with environmental responsibility, to ensure that development and sustainability go hand in hand,” remarked IAS Subodh Agarwal. The efforts made have not only revitalized the mining industry but have also ensured that these activities align with legal and environmental standards.

Commitment to Conservation and Safety

Beyond revenue and infrastructure, IAS Subodh Agarwal also championed the conservation of Rajasthan’s Geo Heritage Sites, preserving ancient legacy and the improvement of safety measures for miners by addressing the plight of silicosis victims through a robust mine safety campaign. This approach was holistic – balancing economic growth with environmental and human welfare.

A Model for Effective Administration

Reflecting on IAS Subodh Agarwal’s leadership in the Mines and Petroleum Department reveals a model for effective public administration. It exemplifies the fusion of vision, strategy, and commitment that transformed the department’s image and established a blueprint for success in public governance.

“Our goal was to build a resilient department that could adapt to changing economic landscapes while maintaining its role as a key revenue generator for the state,” concluded IAS Subodh Agarwal. The department continues to thrive, a testament to Dr. Agarwal’s enduring legacy and the lasting impact of his transformative leadership.

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Kolkata (West Bengal) [India], September 5: The mellifluous flow of words he is known for held the audience that gathered at a hotel in Kolkata in thrall when Congress MP Shashi Tharoor juggled his wit and wisdom while reading out from his latest book “A Wonderland of Words: Around the Word in 101 Essays” on Sunday.

It was a bright sunny day in Kolkata after days of heavy rains and Tharoor uplifted the spirit of bibliophiles with his subtle humorous punch, drawing a portrait with his captivating words and eloquent presentation of what they could expect from his book that he described was not at all ‘political’.

During the event, 68-year-old Tharoor also launched the Kolkata-based non-profit trust Prabha Khaitan Foundation’s book rack at Taj City Centre New Town.

“Prabha Khaitan Foundation is an organisation with which I have been involved with for many years,” the Congress MP said.

“They have done some terrific work around the country in promoting books,” he said.

Speaking on the book rack launch initiative, Tharoor said: “They will be unveiling the book rack which they will have across hotels, centres or institutions which will host their events.”

“Doing something for Prabha Khaitan is always fun because they are always committed to books,” he said.

He praised the members of the foundation for keeping alive the book-reading habit at a time when the world was enthralled with mobile phones and other electronic gadgets.

“Several women readers are associated with the organisation and this is indeed fascinating in this world where we are more used to laptop, television or mobile phone screens. We no longer pick up books and read them,” he said.

Tharoor, who returned to the Indian Parliament for another term this year by clinching victory in the Lok Sabha polls from the Thiruvananthapuram seat, said he hopes to see his readers enjoying his new book.

“This book is a slight departure from my usual kind of recent writings. It is not at all political,” he said.

“It is all about joy and use of words. I hope you will enjoy it. The book is meant to be accessible and entertaining and in the process, if it can inform and educate then its purpose will be served,” he said.

The book is published by Aleph Book Company.

Among others who attended the launch event included industrialist Harshvardhan Neotia, Mallika Verma, Gouri Basu, Manisha Jain, Anindita Chatterjee and Indranil Ray.

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Pune (Maharashtra) [India], September 6: Peoplefy, a leading Recruitment Process Outsourcing (RPO) service provider, is excited to announce its move to a new office space in Pune, marking a significant step forward in the company’s growth journey and reflecting its positive outlook on future expansion.

The new office, located in Viman Nagar, Pune, is designed to support Peoplefy’s ongoing growth and evolving needs. With enhanced infrastructure, innovative technology, and flexible workspaces, this new environment is set to boost collaboration, creativity, and productivity, helping the team to better serve its expanding global client base.

“We are thrilled to move into our new office space, which represents the next chapter in our company’s evolution,” said Rajesh Bharatiya, CEO of Peoplefy. “This move symbolizes our growth and our commitment to delivering exceptional RPO solutions and Talent Search services. The new space will provide our team with the resources and environment they need to continue thriving and driving our mission forward.”

KS Viswanathan (KSV),  honourable strategic advisory board member of Peoplefy, shared his enthusiasm about the company’s growth: “The move to this new office space is a clear indicator of Peoplefy’s strong vision for the long term future. I am eager to see how this new setting will empower the team to explore new opportunities and deliver even greater value to our clients in the GCC, Technology, R&D and beyond.”

About Peoplefy: Peoplefy is an award-winning Recruitment Process Outsourcing (RPO) service provider, specializing in catering to Global MNCs and GCCs in India for over 17 years. Led by a team of Ex-Engineering professionals and graduates from the I.I.T’s, Peoplefy offers end-to-end RPO solutions, project-based RPO, and executive search services. With a commitment to excellence and innovation, Peoplefy has emerged as a trusted talent partner for organizations looking to establish and expand their operations in the Indian market.

Website www.peoplefy.com, for Recruitment related services contact services@peoplefy.com

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Mumbai (Maharashtra) [India], September 4: Mastermind Advertising Private Ltd, a subsidiary of Cressanda Railway Solutions Ltd (BSE: CRESSAN), a premier provider of railway auxiliary concierge and digital media services, is pleased to announce its sponsorship of the Uttarakhand Metro Rail/PRT/Ropeway Project Investors Summit “B2B”. The summit will be held in Singapore on October 14-15, 2024, organized by IFET Global Ventures Private Limited.

This summit will gather policymakers, global trade associations, international business and financial leaders, entrepreneurs, and CEOs from both domestic and international corporations. The event aims to foster international business collaborations and advance infrastructure development in Uttarakhand.

Arun Tyagi, Managing Director of Cressanda Railway Solutions Ltd, commented, “We anticipate a positive impact from this summit in fostering international business collaborations and advancing infrastructure development in Uttarakhand. This initiative aligns with our commitment to enhancing passenger experiences and supporting the Digital India mission.”

The summit is designed to connect Uttarakhand with global Foreign Direct Investment (FDI) and investors, focusing on sectors such as Urban Transport, Ropeway Projects, Personal Rapid Transport (PRT), and Metro Rail. It aims to boost foreign investment and uncover dynamic business opportunities in these areas.

We anticipate that the summit will significantly boost international business collaborations and advance infrastructure development in Uttarakhand. The targeted investment for this summit is between 5,000 to 10,000 crores, with a success fee of 1.50% from the state government as our revenue. Additionally, we are introducing an innovative farming technology that aims to triple agricultural productivity. This technology will be provided under a barter system, where 1/3 of the increased product yield will be allocated to us as our revenue share.

 Financial Performance

In Q1FY25, Cressanda Railway Solutions Ltd reported a 23.7% increase in revenue, reaching Rs. 17.48 crore, compared to Rs. 14.13 crore in Q1FY24. The company’s net profit saw substantial growth, reaching Rs. 2.02 crore, up from Rs. 12 lakh in Q1FY24. For FY 2023-24, the company reported a net profit of Rs. 13.80 crore and revenue from operations of Rs. 204.66 crore.

 Strategic Partnerships and Initiatives

The company has recently partnered with Shaurrya Teleservices Pvt Ltd to provide Wi-Fi and Content on Demand (COD) across Eastern Railway trains. A pilot project will start on a long-distance train from Howrah to Barmer, Rajasthan. This initiative aims to enhance digital connectivity in trains, aligning with the vision of a Digital India.

Additionally, Cressanda Railway Solutions Ltd has commenced wheelchair services at Howrah station as part of its Concierge Services tender for Eastern Railway. This service, which began on August 1, 2024, will soon expand to Sealdah and other stations to improve accessibility for passengers.

Cressanda Railway Solutions Ltd has also acquired the Rail Services App, facilitating easy booking of wheelchair services and enhancing travel convenience for commuters.

 About Cressanda Railway Solutions Ltd

Cressanda Railway Solutions Ltd is dedicated to improving the railway travel experience through innovative digital solutions and concierge services. Recent initiatives include providing Wi-Fi and COD services on Eastern Railway trains, introducing wheelchair services, and offering pick-up & drop services and on-board sale of non-catering items.

For more information, please visit: www.cressanda.com

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