Category: Press Release

Overwhelming response received to Asian Granito India Limited’s Rs. 441 crores Rights Issue; Issue oversubscribes – Primex News Network

Mr Kamlesh Patel, CMD and Mr Mukesh Patel, MD, Asian Granito India Ltd

Largest ever Rights Issue by an Indian Ceramic Company of Rs. 441 crores;

Receives Bids for 8.89 crore shares against 6.99 crore shares offered in the Rights Issue; Public portion of the Rights Issue subscribed more than 1.38 times.

Rights Issue proceeds to be utilised to fund Strategic Mega Expansion Plans in the Value Added Segments and various Strategic Initiatives;

Pantomath Capital Advisors Private Limited acted as the Sole Lead Manager to this Rights Issue

Ahmedabad, May 10, 2022: Asian Granito India Limited (AGL) today announced that its Rights Issue of Rs. 441 crores, largest ever by any Ceramic Company in India, achieved successful closure, receiving overwhelming response from the shareholders and investors despite challenging times. The public portion of the Rights Issue was subscribed more than 1.38 times receiving bids for 6.87 crore shares or Rs. 432 crores of bids received. On an overall basis, the Company received bids for over 8.89 crore shares or Rs. 561 crores of bids in the Rights Issue on the closing date (May 10) against 6.99 crore shares or Rs. 441 crores offered, representing more than 127% subscription.

The allotment of equity shares will take place on or about 19th May, 2022. The Rights shares are expected to be listed on the BSE and NSE on or around 24th May, 2022.

Equity shares in the Rights Issue were offered at a price of Rs. 63 per share. The Rights Entitlement Ratio for the Rights Issue was 37:30 (37 Rights Equity Shares of Rs. 10 each for every 30 equity shares of Rs. 10 each held by the equity shareholders on the record date). The Rights Issue of the Company was open for subscription from April 25, 2022 till May 10, 2022. The proceeds of the Rights Issue would be utilised to fund the Strategic Mega Expansion Plans in Value Added Luxury Surfaces & Bathware Segments including GVT Tiles, Sanitaryware and SPC Flooring etc. and to fund various strategic initiatives.

The Company had launched a highly innovative campaign to create awareness about the Rights Issue, using broad-based and multiple means of communication. These included television, print, digital and social media, emails and SMSs to reach out to the shareholders. The Rights Entitlement (RE) was actively traded in demat form on the stock exchanges since SEBI introduced this platform and it was a resounding success reflecting broad-based interest in the Rights Issue.

Commenting on the success of the Rights Issue, Shri Kamlesh Patel, Chairman and Managing Director, Asian Granito India Ltd said, “I express my gratitude and sincere thanks to our dear and esteemed shareholders and investors for their support and participation in the Rights Issue. With all your support in these challenging times, the Rights Issue witnessed subscription of more than 1.27 times. We are delighted and humbled by their extraordinary show of confidence in the future of AGL.

Shri Patel added, “Our Industry is witnessing tremendous growth in both domestic and exports markets and has grown at the highest pace globally in past five years, thanks to the growing demand for the value added surfaces and bathware, favourable government initiatives and policies and big push to housing and infra. Company’s Enhanced Strategic Integration Programme (ESIP) is targeted to expand the margins and place the Company further up in the league table of Luxury Surfaces and Bathware Solutions Players and this Rights Issue is a Mega Step towards the vision to achieve Rs. 6,000 crores in topline in medium to long term.”

The Promoter & Promoter Group shareholders of AGL had participated in the Rights Issue for their full entitlement of 28.99% shareholding in the Company. Post completion of the Rights Issue, total outstanding equity shares of the Company would increase to 12,67,45,316 from 5,67,51,634 equity shares as on March 31, 2022.

Pantomath Capital Advisors Private Limited acted as the Sole Lead Manager to this Rights Issue.

New entities incorporated for Expansion:-

Future Ceramic Pvt Ltd – FCPL (wholly owned subsidiary of AGL) to manufacture Value Added Large Format Glazed Vitrified Tiles (GVT) in 1200×1200 mm, 1200×1800 mm, 1200×2400 mm, 800×1600 mm and 800×2400 mm formats. To capture the vast opportunities in the GVT space, FCPL is setting up a new manufacturing facility at Morbi, Gujarat with an installed capacity of 5.94 million sq. mtrs. per annum. Total estimated cost for setting up the new manufacturing unit in FCPL is around Rs. 174 crores.

AGL Sanitaryware Pvt Ltd – ASWPL (wholly owned subsidiary of AGL) plans to establish in-house manufacturing unit of Sanitaryware products. Currently, AGL deals in a range of Sanitaryware products, manufactured through third party manufacturers and imported from outside India, and are marketed under AGL Brand. To strengthen and scale up the Sanitaryware segment, the Group is setting up manufacturing facility at Morbi, with an installed capacity of 0.66 million pieces per annum. Estimated cost for setting up the proposed new unit is around Rs. 46 crores.

AGL Surfaces Pvt Ltd – ASFPL (a wholly owned subsidiary of AGL) to manufacture innovative new age Stone Plastic Composite (SPC) flooring. ASFPL is incorporated as part of the Company’s strategy to expand product portfolio and presence in high growth oriented export markets through value added offerings. The manufacturing facility is proposed to be set up at Morbi with an installed capacity of 2.97 million sq. mtrs. of flooring per annum. Total estimated cost for setting up the new manufacturing unit in ASFPL is around Rs. 33 crores.

The Company is also setting up one of the World’s largest display centre at India’s Ceramic Tiles hub – Morbi, Gujarat to showcase AGL Group’s entire product range under single roof i.e. Tiles, Sanitaryware, Bathware, Quartz & Engineered Marble, SPC, etc. The five storey display centre is conceptualised in 1.5 lakh square feet of area and aims to showcase AGL Group’s production, technological excellence and best in class sourcing caliber at single place and is also expected to enhance Company’s brand and reach. Total estimated cost for setting up the Display Centre is around Rs. 40 crores. The Company currently exports to more than 100 countries and planning to expand to 120 plus countries. Company targets to increase its retail touch points to over 10,000, expand exclusive showrooms to over 500.

The Net Proceeds of the Rights Issue would be utilised for the above Projects. Additionally, the Company also proposes to deploy the proceeds of the Rights Issue for General Corporate Purposes including funding other strategic initiatives, debt reduction in group, brand building and strengthening, marketing activities, and ongoing general corporate exigencies.

Established in the year 2000, Asian Granito India Ltd. (AGL) has emerged as India’s leading Luxury Surfaces and Bathware Solutions brand in a short span of two decades. The Company manufactures and markets a wide range of Tiles, Engineered Marble and Quartz, Sanitaryware and Faucets. AGL products are synonymous with reliability, adaptability, innovation, quality consciousness and the Company has created a strong brand identity, well recognized globally and loyal customer following across segments.

Ranked amongst the top ceramic tiles companies in India, AGL has achieved nearly 40 times growth in its production capacity, from 2,500 square meters per day in the year 2000 to 98,000 + square meters per day, as on date. AGL is also the only tiles Company to be acknowledged in the Vibrant Gujarat Summit 2015 for achieving phenomenal growth.

The Company has 9 state-of-the-art manufacturing units spread across Gujarat and 311 exclusive showrooms, 12 display centers across India. Further, the Company has an extensive marketing and distribution network pan India as well as in export markets.

The Company looks to strengthen its identity as the leader in the Indian Luxury Surfaces and Bathware industry by consistently introducing innovative and value-added products in the market to keep pace with its valued customers. Headquartered at Ahmedabad, AGL is listed on NSE & BSE and reported net consolidated turnover of Rs. 1,292.3 crores in 2020-21. Company exports to more than 100 countries. (For more information, please visit: www.aglasiangranito.com)

May 11, 2022
Lifestyle coach Pooja Vyaas felicitates police personnel – Primex News Network

Surat (Gujarat) [India], May 11: Noted Lifestyle Coach & Corporate Trainer Ms Pooja Vyaas got the opportunity to felicitate police personnel for their service at a grand event in Surat on Sunday, May 8.

The grand function was organised by Police Public Press, a New Delhi-based organisation focused on the mission of making India a Crime-Free Nation.

Ms Pooja Vyaas, the Tiara Mrs. India International Classic 2018 crown holder, was invited as the guest of honour and speaker at the honorary doctorate and awards function “Police bin, Ek Din” (A day without police) at Le Meridien in Surat.

“It is my privilege to be speaking here at this grand awards ceremony organised to felicitate police personnel. Thousands of police personnel provide invaluable service to society with their untiring efforts and dedication, but many times their efforts are not recognised. I am happy to have been a part of this award ceremony and felicitate police personnel. I am also confident that this event will go a long way in changing the perception and the way police personnel are generally looked upon as,” the renowned fashion icon, life style coach, and corporate trainer, who has carved a niche for herself as a trendsetter with her new ideas and concepts on and off the ramp, said in her address on the occasion.

Fifteen well-known women entrepreneurs from different fields also participated in the glittering honorary doctorate and award ceremony. It was also attended by Padma Shri Kanubhai Tailor, the founder of Surat-based Disable Welfare Trust of India, which works for the specially-abled, and other prominent personalities from the Diamond City.

Ms. Pooja Vyaas is also president of Sampurna Vikas Trust, which last month attempted for Guinness World Record under the title “Most people in speech relay” in which more than 300 speakers spoke continuously for 24 hours on 300 topics on developing India (Vikassheel Bharat).

May 11, 2022
Deepika Padukone is the first Indian to be signed as a House Ambassador by Louis Vuitton – Primex News Network

New Delhi, 11th May 2022: Louis Vuitton is delighted to unveil its Dauphine bag campaign, starring Deepika Padukone, Emma Stone and Zhou Dongyu, shot by Ethan James Green.

Newly announced as Louis Vuitton’s latest House Ambassador, esteemed Indian actress, producer, philanthropist, and entrepreneur, Deepika Padukone, stars in her first leather goods campaign for the Maison. With over 30 feature films to her credit – including Piku, Padmavaat and most recently Gehraiyaan – the actress has notably been named a member of the jury of this year’s 75th Cannes Film Festival. In 2018, Time Magazine named Padukone as one of their “100 Most Influential People”.

She was also recently awarded the TIME 100 Impact Award for her contribution to the Field of film and Entertainment. In 2015, she set up “The Live Love Laugh Foundation”, whose programmes and initiatives aim to destigmatise mental illness and raise awareness regarding the importance of mental health. Padukone has been touted as one of Indian Cinema’s most loved and successful actresses to date and her achievements have made her an icon of recent times.

Padukone is the first Indian to be signed as a House Ambassador by Louis Vuitton. Following a strong collaborative relationship with the Maison, including an appearance in Nicolas Ghesquière’s novel-inspired Pre-Fall 2020 campaign, the award-winning actress begins an exciting new chapter of her journey with Louis Vuitton.

Against clean backdrops of white and gradient blue, the Dauphine is incarnated by three internationally acclaimed actresses, each independently embodying a characteristic of the femme Dauphine. Deepika Padukone captures her free-spirited nature, ready to seize the day, Dauphine in hand. Oscar-winner and long-standing House Ambassador, Emma Stone, nods to her timeless elegance, a classic yet contemporary companion; while Zhou Dongyu, a pillar of contemporary Chinese cinema, looks to a woman of sophistication and strength, adept at navigating the world as the universes of Louis Vuitton alike.

Since 1854, Louis Vuitton has brought unique designs to the world, combining innovation with style, always aiming for the finest quality. Today, the House remains faithful to the spirit of its founder, Louis Vuitton, who invented a genuine “Art of Travel” through luggage, bags and accessories which were as creative as they were elegant and practical. Since then, audacity has shaped the story of Louis Vuitton. Faithful to its heritage, Louis Vuitton has opened its doors to architects, artists and designers across the years, all the while developing disciplines such as ready-to-wear, shoes, accessories, watches, jewellery and fragrance. These carefully created products are testament to Louis Vuitton’s commitment to fine craftsmanship.

For further information: louisvuitton.com

May 11, 2022
Founder of advertiCe, Mayur Sethi gets Emirates Award of Excellence in Dubai along with Doctorate in Digital Transformation – Primex News Network

Dubai (UAE), May 11: The reputed Emirates Award of Excellence recognizes extraordinary talent & commitment demonstrated by beacons of excellence in their respective field. Sethi is being rewarded with this award for his contribution to the field of programmatic advertising.

advertiCe, a self-serve media planning and buying platform that was incepted to bring about a revolution in the programmatic advertising industry. Since the launch of the platform in 2020, Sethi has worked with brands like Tata Motors, Voltas, HDFC Bank, Dr. Reddys, Dell, OnePlus, Canara Bank, Amazon Prime, and many more.

Sethi’s professional journey involves multiple achievements and he prides himself on being a serial entrepreneur and believes in being a catalyst in bringing about a revolution in the start-up world. With the intent of placing India on the start-up map, Sethi spends his day strategizing how he wishes to innovate the way brands cater to their audience. And this intent and his journey which spans over 15 years made him the perfect fit for the Champions of Changemaker award, which he won in April in the category of Innovation. One of the most treasured accomplishments of Sethi. His motive behind launching advertiCe is to help brands think and reach beyond Google and Facebook.

Sethi with his team started by targeting Tier 1 cities, entrepreneurs/start-ups, and SMEs and has the vision of expanding across South Asian countries.

advertiCe, says Mayur Sethi, whose acclamations also include being featured in Forbes, 40 under 40 lists, 50 under 50, and the Philip Kotler Presidential Award by World Marketing Summit, is the new revolution in the Programmatic Advertising.

As we asked Sethi about how has life changed over the years and with each of these accolades, he spontaneously expressed his gratitude. He also shared that, he has always wanted to create value through his work, and this latest feather in the hand, the Emirates Award is a sign that his work is being recognized beyond his country.

When he started his journey over 15 years back, he had one vision in his mind, to leave behind a legacy for not just his family but the industry as a whole and that is what he wakes up with every single day.

“I am proud of my journey so far and guess what, this is just the beginning, I dedicate this award to the Honest efforts been put by Hon. Prime Minister Shri Narendra Modi and StartUp India” he says, feeling all elated and happy!

May 11, 2022
Bollywood Celebrities Celina Jaitly, Aryan Vaid and Utsav Dholakia add glamour to Dreamgirl USA pageant – Primex News Network

Kamlesh Chugh with Utsav Dholakia

May 11: Star studded beauty pageant Dreamgirl USA was organised at Phase Events, Alpharetta, GA, USA. Decked up with dazzling lights, beautiful decor, and upbeat music the gala event was the talk of the town. The event was smoothly executed by Kamlesh Chugh of Dreamgirl Entertainment. Kamlesh is a very popular socialite in Atlanta. She has organized many shows and events promoting young talent. Kamlesh inspires and motivates the Indian community by giving them a platform by organizing seminars, workshops and beauty contests. Dreamgirl Entertainment has organized many music concerts, Bollywood shows and fashion events.

Bollywood Celebrities Celina Jaitly, Aryan Vaid and Utsav Dholakia were invited as the special guests. Their presence added glitz and glamour to the Dreamgirl USA pageant. Celina Jaitly is an Indian actress who mainly appears in Bollywood films. She won the Miss India in 2001 and was the 4th runner-up at Miss Universe 2001. Aryan Vaid is an Indian actor, who won the Graviera Mister India World modelling pageant in the year 2000. He also went on to win the Mister International Award in 2000. He was a contestant in the reality show Bigg Boss in 2006. He has acted in various Bollywood films. Utsav Dholakia is an Indian Fashion Show Choreographer and Show Director who has been directing and choreographing fashion events and pageants across the globe. Bollywood stars like Karan Johar, Katrina Kaif, Anushka Sharma, Sushmita Sen, Riya Sen, Hema Malini, Amisha Patel, Malaika Arora, Bhagyashree, Mouni Roy have walked to the choreography of Utsav Dholakia.

The event started with greetings from Chairman Robb Pitts -Fulton County Commission. Contestants participated in three categories Teen, Miss and Mrs. Grandmothers and Inspirational Queens were felicitated at the event. In the Teen category, Shriya Kilambi was crowned the 2nd runner up, Jasleen Chaddha was crowned the 1st runner up and Samiksha Gaherwar won the title of Teen Dreamgirl USA India 2022.In the Miss category, Mary Martinez was crowned the 2nd runner up, Soniya Dannenberg was crowned the 1st runner up and Sangeeta Ramrakhyani won the title of Miss Dreamgirl USA India 2022.In the Mrs category, Sravani Rachakulla was crowned the 2nd runner up, Seetha Rajesh was crowned the 1st runner up and Prerna Gupta won the title of Mrs Dreamgirl USA India 2022.. Ramp walk by Cancer survivors Farzana Kalvert and Satya Sathiraju got a standing ovation from the audience. Mumtaz Fashion and Vinny Jaiswal showcased their latest collection on ramp. The event was anchored by Sri Krupa Murali, Ayshwarya Sridharan and Aryan Vaid. Guests enjoyed specially curated dinner by Ricky Walia.

Instagram : https://www.instagram.com/utsavdholakiaofficial

May 11, 2022
‘Made in India’ karaoke app StarManch launches a song on Rabindranath Tagore at the onset of Rabindra Jayanti’ – Primex News Network

Kolkata (West Bengal) [India], May 11: As a gesture to pay a tribute to Bengali’s Gurudev Rabindranath Tagore at the onset of Rabindra Jayanti, Indian Karaoke app StarManch has announced launching a song named ‘Sandhyapakhi’ on the Youtube channel of StarManch on coming Sunday, 8th May 2022. Singer Jayati Chakrabarty has sung the commemorative song, composed by Joy Sarkar and lyrics by Srijato.

‘Sandhyapakhi’ is not only a song but a piece of cumulative emotion which portrays our devotion to ‘Gurudev’. Rabindranath has been always associated with every Bengali since a very tender age and the auspicious day of Rabindra Jayanti is no less than a festival for us. StarManch has made its best possible effort to bring out the same essence with the help of eminent personalities in the music industry.

CEO of StarManch, Mr. Randeep Bhattacharya said, “We have introduced a unique digital contest on Rabindra Sangeet on the StarManch App for enthusiasts who can participate through the application at any time. The judges associated with this contest are veteran singer Srikanta Acharaya and Sraboni Sen.

May 11, 2022
TEXPROCIL appeals to Govt to intervene to control high input costs – Primex News Network

Shri Manoj Patodia, Chairman – TEXPROCIL

New Delhi (India), May 11: Prices of all varieties of raw cotton, which is a major raw-material for textiles & clothing products, has increased sharply since the last many months. “The steep increase in the prices of raw cotton is a matter of deep concern for the entire value chain of cotton textiles such as home textiles and fabrics as it makes them uncompetitive in the export markets” said Shri Manoj Patodia, Chairman of The Cotton Textiles Export Promotion Council (TEXPROCIL).

As a result of the high raw cotton prices production costs for large , medium and small exporters have gone up to such an extent that export orders taken a few months back or earlier could now be executed only at a loss, pointed out Shri Patodia.

The Chairman, TEXPROCIL urged the Government to intervene in this matter urgently so that prices of raw materials remain stable and exporters of value added segments like home textiles and fabrics can take a long term perspective while negotiating export orders.

www.texprocil.org

May 11, 2022
World Maternal Mental Health Awareness Week and Mother’s Day celebrated in unique style- Pregnant ladies walk the ramp for the cause – Primex News Network

May 11: During the ‘ World Maternal Mental Health Awareness Week ‘, Dr Mahima Bakshi, a renowned Maternal Child Wellness Consultant and Founder Birthing Naturally Queen covered four big cities- Pune, Mumbai, Bengaluru and Delhi back to back from 4th-7th May 2022 to promote awareness on Maternal Mental Health in India with Birthing Naturally Queen- Maternity Fashion Week. Her initiative Birthing Naturally Queen follows its tagline- Spreading Smiles from Pregnancy to Motherhood, and has been promoting awareness on Maternal Mental Health from last two years through various platforms being created for pregnant and new moms. Dr Mahima has also been promoting awareness on Natural Birth and Breastfeeding in India.

Various Pregnant and new moms participated in the Maternity Fashion Week to walk for the cause with Dr Mahima Bakshi. The Fashion Week was supported by many celebrities, gynaecologists and hospitals in all the four big cities too. The Maternity Fashion Week was launched on World Maternal Mental Health Day in Pune on 4th May at Sahyadri Hospital, Nagar Road, followed by Day 2 on 5th May in Mumbai at Jaslok Hospital and Day 3 on 6th May in Bengaluru with Aster Women and Children Hospital, Whitefield with Finale on Day 4 – 7th May in Delhi at CK Birla Hospital, Punjabi Bagh.

The cause was supported by Celebrity Guest of Honours – Jaynandini (Expecting Mom) in Pune, Divija Gambhir and Nivedita Basu (New Mom) in Mumbai, Shruti Cauvery Iyer (Postpartum Mom) in Bengaluru and Anuja Kapur- BJP State spokesperson, psychologist and lawyer in Delhi.

Dr Mahima Bakshi, Founder- Birthing Naturally and Birthing Naturally Queen says , ‘Birthing Naturally Queen Maternity Fashion Week was organised to pamper mothers to boost their happy hormones to celebrate mothers day with moms from Pune, Mumbai, Bengaluru and Delhi. BNQ has been promoting Maternal Mental Health Awareness with various celebrity Moms and Dads from last two years and has seen great support by many celebrities. I wanted to do something that has never been done in India for pregnant and new moms to celebrate mothers day by promoting awareness on maternal mental health.’

BNQ Maternity Fashion Week was supported by Lifecell, Mothersparsh, Momzjoy, FernsnPetals and Lakme Academy India across Pune, Mumbai, Bengaluru and Delhi.

May 11, 2022
Reducing Automotive Air Pollution with Advanced European Emission Control Technology for India – Primex News Network

May 9: ALCOR CB M & A closes a JV transaction between European Company Autometal and Dewas Hydoquip India to bring in the “State of the Art” Technology for Emission Control Systems to India and Asian Markets.

Autometal, a European company is bringing in the latest technology for emission control by partnering with an Indian company Dewas Hydroquip from India.

ALCOR CB M&A, the global leader in Mergers and Acquisition, a division of ALCOR Fund, structured the JV transaction between Autometal to bring in the latest technology for Emission Control Systems to India.

Speaking at the event, Mr Thomas Mathew – Head (M&A) of ALCOR CB mentioned that the JV would position itself to become a market leader in India with this technology. The JV is backed by several years of huge outsourcing contracts to Europe and would be a manufacturing hub for the global markets which include customers to Europe and Russia. Strategically, the JV, apart from fitting within the PLI schemes, would capitalize on the huge markets with this kind of revolutionary technology offering Euro 6 Emission standard solutions to off road vehicle markets. The Joint Venture company will design and manufacture emission control systems, for commercial and off-road automotive applications.

This JV will help Autometal, which is already present in 37 countries including Russia, to enter and expand in the Indian and South Asian market, which is one of the fastest-growing automobile markets in the world. Autometal will bring its exclusive technology for the Emission control systems, so the JV company would have an edge over others with its proprietary intellectual property. This innovative technology will revolutionize the Indian automobile industry by introducing the complete product range of Emission Control Systems including Mufflers, particulate reduction and SCR systems. The JV would have the backing of ALCOR for investments and strategy execution, enabling market leadership. This is one of the great initiatives under Make in India of PM Modi.

Mr Ulrich Hobert, the Managing Director of Auto Metal, a company that has footprint in over 37 countries in Europe and Russia said “I am pleased to enter and support the Indian Automotive market with advanced Technology, and we look forward to introducing many more innovations in India. This strategic entry will help Autometal to establish itself as the global leader and this cooperation will bring in additional purchase benefits to Autometal.

Manoj Mundra, Managing Director of Dewas Hydoquip stated, “I am pleased that Dewas is working actively with the PM Modi’s “Make in India initiative” and by bringing this “State of the Art” technology into India. This growth strategy, structured by ALCOR would propel Dewas Hydoquip to become one of the market leaders in India.

Mr George Molakal, Global CEO of the ALCOR Fund, congratulated both Auto Metal from Germany and Dewas Hydoquip from India for taking to decision to grow together in India / Asia markets by introducing the latest technology for Emission Control Systems. He applauded Auto Metal for supporting the JV for placing huge outsourcing orders and also congratulated the teams that worked together to close this transaction.

Speaking at the event, Parth Vanjara, A Senior Analyst, of ALCOR CB M&A said, “ALCOR has seen India as a great destination to invest and to bring in a range of ‘cross-border’ deals to address the growth areas for Indian companies, through technology, investments, and new businesses. This JV, besides bringing in foreign earnings for India, will generate revenues for the state and increase employment for local population”.

Allen D Souza, another Senior Analyst of ALCOR mentioned that ALCOR is one of the few companies that has brought in this kind of investment, post the covid recession. He mentioned that ALCOR is currently working on a very strong pipeline of cases that would bring in huge investments to India, meet the PLI schemes of the Govt, create phenomenal value to the Indian companies, the foreign companies and father create very high job opportunities for the people of India. ALCOR M&A, one of the Global M&A leaders, can have these Joint Ventures with equity and debt investments executed within four to six months across the globe.

Manish Mundra, the Executive Director of Dewas Hydoquip, closed the event and stated that Dewas team is very happy to partner with Auto Metal and bring in “The State of the Art” technology for Emission Control Systems, which will be introduced through the JV for the Indian market and offers a high value to the customers in India and Asia. Backed by a huge outsourcing back to Europe, the JV would be self-sustainable from the beginning, and would aim to position its market leadership in India.

May 11, 2022
India’s Most Trusted Parenting Platform BabyChakra Launches the second Season of Face of Babychakra – India Ki Momstar Ki Khoj – Primex News Network

May 11: With an overwhelmingly successful season 1, India’s leading and most trusted parenting platform BabyChakra celebrates Mother’s Day with the launch of the second season of India Ki Momstar Ki Khoj Season 2 – a nationwide hunt for the Face of BabyChakra amongst several moms who embody the values of being a BabyChakra MomStar.

A BabyChakra Momstar is a mom who helps supports and empowers other moms to be their best self. She is someone who exempli1es the values and beliefs of BabyChakra. MomStar Ki Khoj is all about recognising the face that embodies all of these qualities. As the 2022 ambassador of this contest, BabyChakra has onboarded Sucheta Pal – Zumba® Celebrity Trainer and Founder of Mom.Bod.Strong. She is an inspirational and 1ercely passionate mom who empowers other women to look, feel, and move better through her own post-natal journey. She is also the recipient of the President’s Award – “First Lady” for her work for Women Wellness in India.

Founded by Naiyya Saggi, BabyChakra is India’s most trusted parenting platform. The platform reaches 39 million moms and 10,000 doctors from across India that provides expecting & new parents with relevant information via intelligent communities & personalized content. It also creates a unique care network through access to trusted doctors and experts. BabyChakra is a part of beauty unicorn Good Glamm Group. Naiyya is also co-founder of the Good Glamm Group along with Founder & CEO, Darpan Sanghvi and Co-founder, Priyanka Gill.

The competition is highly engaging as it requires moms across the country to post a picture of them & share a small write-up on what makes them a superstar mom.

On the competition page, the posts will be eligible for voting. The winners will be chosen on the basis of the vote count. The winning & runner-up MomStars will get the golden opportunity to be a part of BabyChakra’s digital campaigns throughout the year along with exclusive photoshoots, makeovers, and features in partner publications/media sites. There is also a possibility for a Jury-Nomination winner determined by our advisory board of inRuencers moms & momstars.

“As India’s most trusted community of moms and doctors, we are excited to celebrate real moms who consistently put themselves out there to help other families in their journeys of pregnancy and parenting. There are so many inspiring women to celebrate and what better day than Mother’s Day to launch this nationwide hunt for the most inspiring moms across India. If you are a mom who wants to share your story with the world, please nominate yourself. If you know of a mom who deserves her moment to shine, please nominate her! ” – Says Naiyya Saggi, Co-Founder, The Good Glamm Group and Founder & CEO, BabyChakra

In its previous season, the соntest received an overwhelming response from moms throughout the cities it was held in. This contest shows an incredible amount of love with a whopping 1Mn direct tra c to the brand’s webpage during the contest fortnight with 5000 total contest entries and over 5Mn impressions through outdoor branding done on bus shelters. Likewise, this year BabyChakra will be launching the second season of the contest across these 10 of the most strategic cities in India: Mumbai, Pune, Delhi, Bangalore, Kolkata, Hyderabad, Jaipur, Ahmedabad, Chennai, and Lucknow.

About BabyChakra

BabyChakra is India’s most trusted parenting platform. The platform reaches 39 million moms and 10,000 doctors from across India. The Website (www.babychakra.com ) and App (https://play.google.com/store/apps/details?id=app.babychakra.babychakra ) provides expecting & new parents with relevant information via intelligent communities & personalized content. It also creates a unique care network through access to trusted doctors and experts. BabyChakra is co-creating baby products with Mom’s and Doctors on its platform.

May 11, 2022