Category: Videos

  • Vertu official India- an online smartphone store with amazing collection – Primex News Network

    Vertu official India- an online smartphone store with amazing collection – Primex News Network

    May 12: Mobile phones are a must-have accessory in the current scenario. A stylish, sleek smartphone makes you stand out from the crowd. Vertu has made enough noise to be noticed in the mobile phone arena. With several mobile phones to choose from in the vast range they have in their collection, every buyer would like to own one. The sheer variety is a big call card for Vertu’s popularity in the mobile phone segment. The exceptional range is rare, and every collectible’s dream of owning one of the Aster, Signature, Signature Touch, Constellation X and Life Vision phones that seem alluring to buyers across the country. Vertu’s collection comprises phones that fit into every person’s need and desire, even perhaps beyond it.

    All Vertu Mobile phones come with a two-year warranty and 100% customer satisfaction. Our after-sales support is diligent, and we look forward to helping you even after the warranty period expires. Buyers who want to buy our Vertu phones can order online and get the delivery within 4-6 days through prominent courier services. Those who wish to use the EMI payment option can do so without any hassle, as we have options for online payment or cash on delivery.

    When looking for the best deals on smartphones, you need not look far because Vertu offers some of the best phones at amazing prices. You can get a virtual tour of all the latest Vertu mobile phone collection models launched in 2021, along with the price list. These phones are available at the best prices in India, and when you compare the specifications and features, you will not be able to get a better deal than Vertu’s offer of luxury mobile phones. Our price range for mobiles begins with Rs. 45,000 – Rs.2,60,000, inclusive of a two-year warranty.

    Vertu mobiles are attractive and come with unique features that you would want on your phone. The outer cover is in beautiful metallic accents of colors you love to own, with a great interactive and user-friendly display that comes with a fingerprint sensor to ensure safety. The display panel is made of AMOLED paneling which is highly defined for better visibility by striving off sunlight. The front of Vertu mobiles has been designed exquisitely using seven different materials to bring in that sleek look. The high pixel camera set-up is a fantastic feature that users are delighted to capture memories and treasure. With a great RAM capacity of 4GB/6GB options and the inbuilt storage allows as much storage as most devices do. You can accordingly pick from so many Vertu phone options that come with great battery backup because Vertu presents excellent options.

    Official Website: https://vertuofficialindia.com/
    Email : [email protected]

  • Zee & Give India launch ‘Born to Shine’ scholarship to give wings to young art prodigies – Primex News Network

    Zee & Give India launch ‘Born to Shine’ scholarship to give wings to young art prodigies – Primex News Network

    Mumbai (Maharashtra) [India], May 12: It’s never easy to excavate diamonds out of coal mines. In a country of 1.3 billion people, spotting young talent and nurturing it is equally difficult. This is where Zee CSR along with Give India has come together for ‘Born to Shine’ initiative — a launchpad for talented budding child artists. The initiative seeks to make a difference by recognising young talent in Indian art forms and providing scholarships to help them shine. The scholarship is a way of empowering girls and attempting to revive Indian art forms.

    India, as a country, offers abundant talent especially when it comes to myriad art forms, but very rarely are these talents recognised and honoured. This has led to a fall in number of artisans in various art forms as there is a lack of motivation among artists who are apprehensive about nurturing their talent with limited means. Born to Shine aims to break these barriers and also help young girls realise their ambitions of emerging as India’s next generation role models. We want to ensure that child prodigies get the complete care and attention they deserve to be able to achieve their fullest potential.

    Through Born to Shine, we are not just offering scholarships but also creating an ecosystem where we can identify, nurture and guide child prodigies to success. Zee has always been focused on creating the extraordinary and in joining hands with Give India, we have now got a chance to nurture and mentor extraordinary talent.

    Who can apply?

    Any girl who has achieved mastery in any art form and is below 15 years can apply for the Born to Shine scholarship. The reward is a scholarship of three years that will ensure these prodigies can reach their fullest potential. The 6 weeks application process will be open across all languages and geographies and will help in shortlisting 100-300 child prodigies. The top thirty across the country will receive scholarship for honing their skills and accomplishing maestro status.

    Through this initiative, we plan to reach out to more than 60,000 schools and make selections without any kind of bias or discrimination. Both virtual and physical format will be used to select the candidates.

    Mr. Umesh Kr Bansal, Executive Vice President, Zee Entertainment Enterprises Limited said, “As a brand, we are always striving unwaveringly to deliver excellence. We are constantly pushing ourselves to make the world a better place through meaningful actions that drive impact.

    Born to Shine is a fruit of that attempt, and we hope this initiative will help us make a big difference to the world of artists and child art prodigies. Seeing them excel would give us tremendous joy because there’s nothing quite exciting as achieving the impossible.”

    To register, click on this link:- https://borntoshine.in/apply/

  • SWAS NGO founded by Adilabad’s Youth Icon Karingula Pranay awarded ‘Inspiring NGO of the Year 2022’ at Airaa Icon Awards – Primex News Network

    SWAS NGO founded by Adilabad’s Youth Icon Karingula Pranay awarded ‘Inspiring NGO of the Year 2022’ at Airaa Icon Awards – Primex News Network

    Adilabad Youth Icon Karingula Pranay Founder of SWAS NGO  Receiving ” Inspiring NGO of the Year 2022″

    Adilabad (Telangana) [India], May 12: Students Welfare Association Society (SWAS), a non-governmental organisation (NGO) based in Adilabad, Telangana, that works for the development and upliftment of people through education, health, and innovation, was honoured with the prestigious ‘Inspiring NGO of the Year 2022’ award from Government of Telangana, Telangana Tourism Department, Greater Hyderabad Municipal Corporation (GHMC) at the Airaa Icon Awards 2022, which was held at Sri Palani Conventions, Uppal, Hyderabad.

    Justice G Chandraiah, chairman of State Human Rights Commission (SHRC), Telangana and former Member of Parliament (M) from Adilabad, Smudrala Venugopal Chary presented the ‘Inspiring NGO of the Year 2022’ award to the founder of SWAS, Karingula Pranay. Dr. Eppalapalli Ramesh, founder of Airaa Icon Awards, Sudheer Sandra (Founder – SUPAR School) and Nikeelu Gunda, founder and CEO of Digital Connect, a digital marketing agency were also present.

    SWAS NGO’s foundation is inspiring. In 2011, after completing the 10th grade with seven friends, Karingula Pranay, 18, unlike other youngsters his age, proposed the formation of an NGO. The fact that Pranay and the other youngsters of Adilabad celebrated their birthdays at orphanages and old-age homes inspired them to form the Students Welfare Association Society (SWAS) to engage additional peers in community work.

    SWAS has had a significant impact on the state of Telangana through its social causes and programmes for children, youth, and the elderly for more than a decade. Currently, the SWAS team comprises over 700 members of the NGO. The organisation has successfully trained 600 individuals for the tailoring and cosmetology industries, as well as 300 members for customer relations sales. SWAS has educated a large number of tribal people in Telangana’s interior villages about Thalassemia. SWAS operates in around 10 Telangana districts, New Delhi NCR, and Odisha with the tagline “Service With a Smile.”

    “It is a big honor for us to receive the ‘Inspiring NGO of the Year 2022’ award from Airaa Icon Awards,” said Karingula Pranay, founder of SWAS. “From blood donation camps, eye check-up camps and operating over 600 people with cataract blindness to book donation drives, organ donation awareness camps, job fairs for the educated youths and helping tribals with malnutrition,  poor healthcare, and education, etc., SWAS is doing every bit to help the mankind.”

    SWAS is the first NGO in Telangana to help the small vendors and Self Help Groups (SHGs) with funds and investments by setting up a credit society named ‘Adilabad People’s Credit Cooperative Society. Using the credit facilities, many have set up businesses on small scale by securing loans at low-interest rates in the remote area of the state.

    Nikeelu Gunda, founder and CEO of Digital Connect, a digital marketing & leading PR agency said, “Karingula Pranay’s is an inspiring story for the other youths to follow. We are proud of his achievements in the field of social service for the youths, elderly and children in Adilabad and entire Telangana state.”

    Not only this, SWAS is working extensively for the protection of the environment in Adilabad. Till now, the NGO has planted 14,000 trees with the slogan ‘Each One Plant One. During Covid-19 infused lockdown, the NGO distributed food, medicine, and grocery to the over 40,000 families in Adilabad.

    SWAS started about seven skill development centers and trained over 10,000 youths and organised five mega job fairs where more than 4,000 youths got job offers.

    Karingula Pranay has become a youth icon for the youngsters in Adilabad. Under the Leadership of Pranay there are lot of social activities organized.

  • Akshara Centre Launches an Initiative towards Safety Audit for Women in the City – Primex News Network

    Akshara Centre Launches an Initiative towards Safety Audit for Women in the City – Primex News Network

    Respected Dignitaries at the Launch of Safety Audit Manual

    New Delhi (India), May 11: In an event hosted and organized by Maharashtra Mahila Arthik Vikas Mahamandal (MAVIM) under the auspicious occasion of Mahatma Jyotirao Phule and Dr. Babashaeb Ambedkar Birth Anniversary, A Women Safety Walk Marathi Manual and an animated video of Women’s Safety Walk was released and launched by Akshara Centre in the presence of Hon’ble Minister Madam, Yashomati Thakur, Mumbai Mayor Madam, Kishori Tai Pednekar, MAVIM Chairperson Madam, Jyoti Tai Thakare, MAVIM Managing Director Madam, Ms. Shraddhaa Joshi.

    In support of the initiative, Hon’ble Minister Women and Child Development Department Madam Yashomati Thakur very fondly expressed that “We want women of the city to be strong, safe, educated, and financially independent just like Savitri Bai Phule. But while focusing on that we must also think about creating more Jyoti Raophule’s in the society.  This process must begin right from childhood, just like parents teach girls what to do and what not to do, they must also teach boys what NOT to do! Only then there will be more Jyoti Rao’s in the society who will ensure a safe environment for many more women like Savitri Bai’s.”

    Mumbai Mayor, Kishori Pednekar and MAVIM Chairperson Madam Jyoti Thakare too congratulated MAVIM and Akshara to take this initiative ahead.

    In the larger conversation on Women Safety in association with MAVIM, Akshara Centre brought to light the need for gender inclusion and safety of women and girls from fear of violence free access to mobility.

    Dr. Nandita Shah, Co-Founder Akshara Centre expressed that, “on this auspicious day we are happy to launch the Marathi Women’s Safety Walk Manual and the animated video on women’s safety walk. We consider this as a campaign for Women’s Safety in Public Places. Today, we are hopeful that CMRC Managers and Sayogini’s of MAVIM who got trained as trainers will take the process ahead and this Women’s Safety Walk Manual will come handy for the effective implementation of women’s safety walks to be undertaken.”

    Over the last few years, Akshara Centre has worked tirelessly to empower women with their basic rights by providing solutions and initiatives that help them feel safe and secure. As a part of this initiative, Akshara has audited areas where women generally spend time or access despite feeling unsafe like college corridors, subways, railway stations, parks, footpaths, public toilets and initiated safety measures like cctv cameras, better lighting, security guards amongst many others.

    After speaking to women across demographics and age group the checklist is divided into physical features, social features and usage for the sake of convenience of analyzing the data. The manual gives insights into how an audit can be done, what measures can be taken by auditors in and around their neighborhood to classify it as safe for women.

    Dr. Shah further expressed that, it is a great collaboration with MAVIM and its thousands of saving and credit groups who have come together to be a ‘women’s safety auditors’. This campaign is driven with the motto of reaching women far and wide and encouraging them to access facilities without any restrictions or reservations.”

    The video for Safety Audit is available under the title Youth for a Safer City as a tool for safety walks that allows you to assess safety concerns in any public space and has effectively been used across many cities to create safe and inclusive cities.

  • Bollywood’s ace filmmaker Subhash Ghai felicitates winners of the India Skill competition from Design Skill Academy in Pune – Primex News Network

    Bollywood’s ace filmmaker Subhash Ghai felicitates winners of the India Skill competition from Design Skill Academy in Pune – Primex News Network

    Pune (Maharashtra) [India], May 11: Bollywood’s ace filmmaker Subhash Ghai felicitated five winners of the India Skills competition, the country’s biggest skill competition organised by the National Skill Development Corporation (NSDC) under the Ministry of Skill Development and Entrepreneurship (MSDE), in the categories of graphic design, animation, and 3D games at a ceremony organised by Design Skill Academy in Pune.

    Addressing a mammoth gathering, Subhash Ghai, chairman of Media and Entertainment Skill Council, and Whistling Woods said, “Students must widen their capacity of mind and must start thinking out of the box while creating their works of art. Only a few of the students get medals for their presentations because they think differently than the others. The success will follow if students have a different mindset and commitment to the work.”

    India Skills, the country’s biggest skill competition, is designed to demonstrate the highest standards of skilling and offers a platform to young people to showcase their talent at national and international levels. India Skills Competition—regional and national—is held every two years with the support of state governments, industry, Sector Skill Councils (SSCs), State Skill Development Missions (SSDMs), corporates, and partner institutes.

    Five students of Design Skill Academy won the gold, silver, and bronze medals at the India Skill—state and national–competitions. Pankaj Singh won the gold medal in the 3D digital game art, Utsav Singh, Steven Harris, and Vageesha Jain won Gold, Silver, and Bronze medals respectively in the Graphic Design Technology and Kimya Ghoman won Bronze Medal in the under 19 categories of the Graphic Design Technology.

    The felicitation ceremony was attended by Dr. Ashish Kulkarni, President, FICCI. AVGC and Founder Punnar Yug Art vision Pvt LTD, Mohit Soni CEO, Media and Entertainment Skills Council, Satish Narayanan, Founder of Design Skill Academy, and Director Sridevi Satish, and Industry Veterans.

    Satish Naraynan, founder of www.DesignSkills.com  Design Skill Academy said, “There is tremendous growth in the animation industry in the last five years. It has grown from 15 percent to 45 percent a year. Hollywood is also attracted to Indian talents for the animation work in their movies. But as compared to the demand there is a very low supply of skilled animators in India. Considering this we are participating in such competition to nourish the skills of our students and provide them an international platform to present their skills.”

    Dr. Ashish Kulkarni said, “There are various sports in the Olympics, not in the skills competition but the form of graphic design, animation, and 3D game design. To be successful in this competition, you need to be mentally and physically fit. Never deviate from the goal. Success is achieved through perfect planning. ”

    Sridevi Satish said, “We have been training our students since 2012 for the global competition. We won a bronze medal at the 2019 World Skills Championship in Kazan, Russia. It was a moment of great pride for the Indians. The students of Design Skills Academy have won gold, silver, and bronze medals in the India Skills and State Skills Competition this year. Our students are now qualified to represent India at the World Skills Competition to be held in Shanghai, China, in October 2022, and we are confident that they will be able to bring medals to India by excelling in this World Competition.”

  • GIBS Bangalore, successfully organized the International Conclave on Neo Business Practices for the Evolving World – Primex News Network

    GIBS Bangalore, successfully organized the International Conclave on Neo Business Practices for the Evolving World – Primex News Network

    Bangalore (Karnataka) [India], May 11: On April 29th, 2022, the Global Institute of Business Studies, Bangalore, successfully organized the next chapter of GIBSpreading-the Light of Knowledge. This international event was organized in the form of a webinar, whose theme was Neo Business Practices. Many experts and management students from India and abroad participated in this special event where they got a chance to get exposed to innovative knowledge and practical experience in business, management, and leadership.

    Mr. Hari Prakash Karcherla was the keynote speaker of the event. Mr. Karcherla has held top positions in multinationals such as Tata Motors, Valvoline, Gillette, CEAT, and MRF. He is currently associated as a consultant with many top businesses and is very popular as a faculty member at GIBS.

    Mr. Mohan Kumar, who is the Practice Head of Wipro Limited and a multi-faceted talent, was the moderator of the event. A great panel discussion was also held in this webinar where international level speakers spread the light of their knowledge. These distinguished speakers included: Dr. Francesca Di Virgilio, Associate Professor of Organization Design and HRM at the University of Molise, Italy; Mr. Mirko Vairo, who is the Director of Product Management at Civils Artificial Intelligence, Singapore; and Mr. Alan Dodd, UK Development Manager and Global Lead for Google Workspace Practice at WIPRO. Entrepreneur Mr. Aditya Sambamoorthy, who is the founder and CEO of companies like InLustro and Steerclear Tech Solutions, also participated in the webinar as a speaker.

    Mr. Hari Prakash Karcherla, the keynote speaker, shed light on several key issues concerning neo-business practices. During his speech, he discussed in detail the upcoming challenges of global business and the possible measures. He discussed aspects like manufacturing ecosystem, marketing domain, HRM, finance and money, and support team & leadership, and presented a roadmap for future business. This particular discussion was amazing for the audience because they got a vision of being ready for the future. During the panel discussion, other speakers gave in-depth analysis of business and leadership. Fortified with the knowledge and experience of great speakers, this webinar was no less than a treat for the students.

    GIBSpreading-the Light of Knowledge, is a wonderful initiative by the Global Institute of Business Studies, Bangalore to organize national and international level webinars and panel discussions on trending topics. The most important thing about this event is that it is completely free and any interested person can be a part of it, whether they are a student or a professional or an entrepreneur. The icing on the cake is that e-certificates are also given to all the participants.

    Since its inception, this GIBS’ initiative has been a center of attraction and discussion among the management and business community. This is the reason why hundreds of applications come to register for every webinar. Going beyond expectations, each webinar brings with it a wealth of knowledge and experience. This time the theme was special in itself, which benefited the contestants in particular.

    Bangalore-based GIBS is known for its practical teaching pedagogy and innovative training system. Its PGDM and BBA programs are counted among the top and are highly appreciated by the industry. GIBS regularly organizes special events that benefit the entire business and management community. Following the success of this edition of GIBSpreading-the Light of Knowledge, GIBS Management has committed to making the next edition even more special.

    This version of GIBSpreading-the Light of Knowledge, has been uploaded to GIBS’ YouTube channel and is available for free to all. To learn more about GIBS, visit their website.

  • BALCO taking strong strides to adopt high-end technology across business functions – Primex News Network

    BALCO taking strong strides to adopt high-end technology across business functions – Primex News Network

    Balconagar (India), May 11: Bharat Aluminium Company Limited (BALCO), India’s iconic aluminium producer, is undertaking strong measures to leverage technology and foster digitalization across business verticals to maximize operational excellence, in line with its vision of contributing to the development of nation holistically.

    Speaking on BALCO’s vision and manufacturing prowess Mr. Abhijit Pati, CEO and Director, BALCO, said, “The safety and security of our people and assets are of paramount importance to us. BALCO has been one of the early adopters in India to explore the field of smart technologies in its operational set-up. These investments and skills further bolster the culture of safety and productivity that we have meticulously fostered across the organization. The technology driven endeavors are helping to create a future-ready organization that manufactures aluminium for a self-reliant India.”

    BALCO has extensively deployed technologies for bolstering safety across business units. Suraksha Sankalp Kutumbh is the company’s umbrella project for digital transformation of safety. The project entails five modules namely Augmented/Virtual/Mixed Reality Training Centre, Video Analytics, Sustainability Mobile App, E-learning course on Safety Modules for Competency Building, and Digitalization of Workforce Connectivity, aimed at skill development, auto detection of unsafe acts and conditions, driving digital safety culture & safety interactions, work force safety, productivity improvement and tracking of red zones.

    To bolster its security system, BALCO has launched an automated and highly sophisticated Centralised Security Operations Centre (CSOC). Deployment of CSOC enables BALCO’s Security, Traffic Safety and Supply Chain Security functions to leverage digital intelligence and data insights for better and agile decision making.

    For integrating smart automation in its plant operations and to cease any manual intervention, BALCO has set up end-to-end Digital Dashboards for real-time data and trend monitoring of various business operations through different projects. For example, ‘Hot Spot Detection System for Coal Yard Using Thermal Image Processing’ offers thermal inspection of coal yard to capture hot spots and raise real-time alarm. Another project for ‘Boiler Tube Leakage Prediction Using AI/ML Pulse Edge’ offers a more reliable and evidential method of prediction analysis of Boiler Thermal Profile, to detect and give warning in advance about leakages.

    Similarly, BALCO’s HR function has embarked on a digital transformation initiative to build next generation workspace focused on streamlining its HR processes. This project, known as ‘V-Aikyam’, is being deployed across all Vedanta group companies’ aims to bring together the entire employee life cycle in a single platform. BALCO is committed to undertake initiatives continually with the goal of contributing towards building a technology driven India.

  • LANXESS Q1 sales up 43.7 percent to EUR 2.432 billion – Primex News Network

    LANXESS Q1 sales up 43.7 percent to EUR 2.432 billion – Primex News Network

    Mumbai (Maharashtra) [India], May 11: Specialty Chemicals company LANXESS made a strong start to the year 2022. In the first quarter of 2022, EBITDA pre exceptionals increased considerably and amounted to EUR 320 million, 32.2 percent higher than the previous year’s figure of EUR 242 million. All the company’s segments contributed to the growth, with the Specialty Additives segment performing particularly well. LANXESS passed on the significantly increased raw material and energy costs via higher selling prices. The successful acquisitions, especially that of Emerald Kalama Chemical, likewise made a positive earnings contribution. The EBITDA margin pre exceptionals came to 13.2 percent, against 14.3 percent a year ago.

    Group sales amounted to EUR 2.432 billion in the first quarter, up 43.7 percent on the previous year’s figure of EUR 1.693 billion. Net income reached EUR 98 million, after net income from continuing operations of EUR 63 million in the previous year.

    LANXESS is also confident going into the second quarter, in which the Group expects EBITDA pre exceptionals of between EUR 280 million and EUR 350 million. In the prior-year quarter, the company had generated EUR 277 million. For the full year, LANXESS still expects EBITDA pre exceptionals to be significantly higher than in the previous year. However, the guidance does not take into account potential further impacts of the war in Ukraine and the contribution of the acquisition of IFF’s Microbial Control business. The transaction is expected to close in the third quarter.

    “With our focus on specialty chemicals, we have built up strong market positions in recent years, which are particularly paying off in the current situation. We can thus pass on higher raw material and energy costs via our selling prices. However, it is impossible to predict the impact of the war in Ukraine on future business performance. We are therefore monitoring the further developments very closely,” said Matthias Zachert, Chairman of the Board of Management of LANXESS AG.

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

    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)

  • Lifestyle coach Pooja Vyaas felicitates police personnel – Primex News Network

    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).