Tag: Business

Mumbai (Maharashtra) [India], May 2: Exhicon Events Media Solutions Limited (BSE: EXHICON), a leading integrated exhibition and event solutions company, has announced the signing of a definitive agreement with Butterfly Funtainments Pvt Ltd, a youth-focused entertainment company, to develop and operate “Messe Global Arena Kharadi”, Pune’s first dedicated venue for concerts and live events.

A New Landmark for India’s Live Entertainment Sector

Strategically located in Kharadi, one of Pune’s fastest-growing entertainment and commercial hubs, Messe Global Arena will feature:

•  A 5,000-capacity indoor concert arena, purpose-built for live music performances, comedy tours, and entertainment productions
•  A 6,000-capacity outdoor multipurpose space designed to host festivals, exhibitions, weddings, and community events

The venue is scheduled to be operational from September 2025, and will serve as a major hub for the concert event organizers seeking dedicated infrastructure in one of India’s most vibrant urban markets.

Growth Potential & Revenue Outlook

Exhicon projects the venue will host 20–25 live events in its first full financial year, with a growing pipeline of concerts, festivals, corporate events, and cultural showcases.

Initial annual revenue is projected in the range of INR 10–15 crore, with an EBITDA margin of 25–30%, driven by venue rentals, ticketing partnerships, sponsorships, food and beverage, parking, and branding rights.

“This agreement marks a strategic milestone in our journey to build infrastructure that supports India’s booming live events and youth entertainment economy,” said Sushil Shah, CFO , Exhicon Events Media Solutions Ltd. 

Padma Mishra, Co- Founder of Exhicon said “Messe Global Arena will not only fill a long-standing gap in Pune’s venue ecosystem, but also position the city as a serious destination for major acts and festivals.”

About Exhicon

Exhicon Events Media Solutions Limited is an integrated company providing turnkey solutions for exhibitions, events, conferences, and venue management across India. The Company is listed on BSE and is committed to innovation-led growth in the experience economy.

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Mumbai (Maharashtra) [India], May 2: Mangalam Worldwide Limited (MWL) (NSE EMERGE – MWL), a fully integrated stainless-steel company, reported Audited Financial Results for the Q4 & FY25.

Key Financial Highlights

Standalone
Particulars (₹ Cr)	FY25	FY24	YoY Change
Total Income	1066.03	822.47	29.61 %
EBITDA	59.11	41.53	42.32 %
EBITDA (%)	5.54%	5.05%	49.51 bps
Net Profit	29.41	20.10	46.32 %
NPM (%)	2.76%	2.44%	31.50 bps
Diluted EPS (₹)	10.27	7.78	32.01 %

 

Consolidted
Particulars (₹ Cr)	FY25	FY24	YoY Change
Total Income	1066.03	822.47	29.61 %
EBITDA	60.06	42.52	41.25 %
EBITDA (%)	5.63%	5.17%	46.39 bps
Net Profit	29.48	21.83	35.05 %
NPM (%)	2.77%	2.65%	11.12 bps
Diluted EPS (₹)	10.29	8.45	21.78 %

Commenting on the performance, Mr. Vipin Prakash Mangal, Chairman of Mangalam Worldwide Limited said, “I am extremely proud to report robust growth for FY25, successfully meeting the expectations of all stakeholders. This remarkable performance is the result of a series of strategic initiatives undertaken over time. Key among these are the incorporation of a subsidiary to broaden our industry client base, a focused push on value-added products, and the strengthening of our brand presence. Our comprehensive product portfolio, tailored to meet the diverse demands of both domestic and international markets, has played a significant role in this achievement.

Furthermore, the commissioning of our captive solar power plant is set to enhance operational efficiency, reduce costs, and support our commitment to lowering carbon emissions.

As India enters a phase of strong industrial growth backed by improving infrastructure, we are well-positioned to capitalize on these opportunities through our wide-ranging product offerings and ongoing market expansion efforts.“

Recent Highlight

Credit Ratings	Company has received a stable long-term rating of ‘BBB+’ and a short-term rating of ‘A2’ from Acuité Ratings & Research for its bank facilities.
Incorporation of Subsidiary Company-MWL Multicomm Private limted	The Subsidiary Company will help to strengthen its trading and distribution operations across sectors like chemicals, metals, and textiles, supporting the company’s long-term growth strategy.
Commissions 1200 KWp Rooftop Solar Plant at Kapadwanj	The plant, set up for captive consumption, marks a key step in the company’s green energy transition—aimed at reducing carbon emissions, lowering energy costs, and aligning with India’s renewable energy goals.

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Ahmedabad (Gujarat) [India], May 2: Praveg Limited is pleased to announce the successful and formal handover of operations of its flagship resort property, Praveg Atoll’s on Bangaram Island, Lakshadweep to Indian Hotels Company Limited (IHCL), in accordance with the Hotel Management Agreement signed between both parties and announced on March 3, 2025.

With this handover, IHCL assumes full operational control of the property under its esteemed SeleQtions brand, reinforcing its commitment to offering guests unparalleled luxury experiences in one of India’s most pristine island destinations.

This milestone marks the next phase in a strategic collaboration between Praveg and IHCL aimed at redefining eco-conscious luxury travel. Guests visiting the Bangaram Island resort can now expect IHCL’s signature blend of world-class service, personalized guest experiences, and sustainable hospitality practices that complement the island’s natural beauty and ecological significance.

Dr. Vishnukumar Patel, Chairman of Praveg Limited, commented on the handover: “This formal transition represents a shared vision between Praveg and IHCL to transform Bangaram Island into a model for luxury and sustainable tourism. We are confident that under IHCL’s stewardship, the resort will reach new heights in hospitality excellence while preserving the island’s delicate ecosystem.”

IHCL will now lead all facets of resort management, including operations, guest services, food and beverage, recreational experiences, and environmental stewardship. The property’s integration under the SeleQtions portfolio positions it as a premier destination for discerning travelers seeking a serene yet sophisticated island retreat.

Key Features of the Now-Operational Resort under IHCL :

• Exclusive SeleQtions Experience: Personalized luxury services, spa indulgences, curated culinary journeys, and immersive local experiences.

• Sustainable Island Tourism: Low-impact structures, eco-friendly utilities, and marine conservation practices to maintain ecological harmony.

• Global Visibility: Enhanced marketing through IHCL’s global network, loyalty programs, and high-end travel platforms.

Praveg remains committed to its mission of developing innovative, eco-sensitive hospitality experiences across India and looks forward to more such partnerships that align with its values of quality, sustainability, and experiential travel.

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New Delhi [India], May 2:  Coral100 LLP, India’s first and leading digital marketing agency specializing in Ayurveda and healthcare marketing, has achieved a remarkable milestone by generating ₹100 crore in business for its clients in this financial year. With a proven track record of innovation, strategic marketing, and data-driven campaigns, Coral100 LLP continues to revolutionize the healthcare marketing landscape.

As pioneers in 360-degree digital marketing for Ayurveda and healthcare brands, Coral100 LLP has successfully delivered high-quality leads, brand growth, and increased ROI for clients nationwide. The company has helped over 1000+ clients achieve exponential growth in a highly competitive market by leveraging advanced digital strategies, performance marketing, PR, and website solutions.

Speaking on this achievement, Devendra Pratap Singh, Co-founder & Director of Coral100 LLP, said: “Our commitment to excellence and deep industry expertise in Ayurveda and healthcare marketing has allowed us to drive this monumental growth for our clients. Crossing the ₹100 crore milestone is a testament to our clients’ trust in us and our ability to deliver tangible results.”

Ayurveda and healthcare brands require a unique marketing approach that blends tradition with modern digital strategies. Coral100 LLP has mastered this art, making us the go-to agency for brands seeking growth in this sector.”

With a strong focus on innovation, data analytics, and result-oriented campaigns, Coral100 LLP is poised to redefine the future of Ayurveda and healthcare marketing in India. The agency continues to expand its services, helping brands reach new heights in the ever-evolving digital space.

Coral100 LLP is India’s first and No.1 Ayurveda and healthcare marketing agency, specializing in lead generation, brand awareness, and performance marketing for healthcare businesses. With a portfolio of 1000+ clients and ₹100 crore in business delivered, Coral100 LLP transforms how Ayurveda and healthcare brands grow in the digital era.

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Mumbai (Maharashtra) [India], May 2: LifeWear India, a fast-growing provider of orthopaedic soft goods and mobility solutions, has announced the appointment of Jijith Nedungottur Somasundaran as its new Chief Executive Officer, effective April 2025.

Jijith brings over three decades of experience across sales, marketing, and business development. In his new role, he will be responsible for strengthening LifeWear’s market presence in India and the Rest of the World, except the US, and driving the company’s next phase of growth.

“We’re thrilled to have Jijith on board,” said Alfredo Poncio, President and Global CEO of LifeWear Technologies. “I am confident that we will achieve significant milestones together.”

Commenting on his appointment, Jijith said, “It is an honor to lead LifeWear Technologies India. The brand enjoys a strong global reputation for innovation and quality, and I see tremendous potential for growth in India. With MS Dhoni as our Brand Ambassador, we aim to build greater trust and a deeper emotional connection with consumers. I believe we have the right products, the right team, and the right momentum to establish LifeWear as a leading name in healthcare and wellness across the country.”

LifeWear India, which builds on the brand’s legacy of innovation from the United States, offers a range of products including orthopaedic soft goods, sports supports, mobility aids, therapy solutions, tapes, and bandages.

With new leadership and a renewed strategic focus, LifeWear India aims to expand its footprint and redefine recovery, care, and mobility solutions for consumers nationwide.

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New Delhi [India], May 1:  The CAPSI Committee on Internal Security (CCIS) has been formed. It is dedicated to fostering a resilient and secure environment for our citizens in anticipation of potential threats. Our mission is to engage proactively with the MHA, Civil Defence Department, the National Disaster Management Authority, and law enforcement agencies to ensure a coordinated and effective response to any impending conflict, particularly in the context of heightened tensions with Pakistan.

Kunwar Vikram Singh Chairman said the we aim to mobilize the collective resources and expertise of all our members, alongside the strength of 10 million private security personnel, to enhance community safety and support national security initiatives. He said that through collaboration and the establishment of structured operational frameworks, the CCIS will work diligently to safeguard our communities, provide rapid-response capabilities, and promote public awareness.

In partnership with relevant stakeholders, we will establish a unified response mechanism to address the challenges posed by potential conflicts, ensuring that every citizen is protected and supported during times of uncertainty. Together, we are committed to building a secure future for all.

He announced the Lt Gen Ashok Shivane PVSM, AVSM, VSM (Retd) former Director General of Mechanised Forces has been appointed Co -Chairman of the CCIS.

Three Sub Committees headed by Sh. VV Katti President, Sh. Mahesh Sharma, Secretary General and Sh. Sudhir Bhasin, Vice President have been formed to coordinate with private security agencies, Chambers of commerce like CII, FICCI, PHDCC, ASIS and ASSOCHAM, Corporates and Housing Colonies to effectively engage with them in the coordinated activities.

Sh. Bhagwan Shankar IAS (R) former Additional Chief Secretary said that this is for the first time that a high level committee has been formed to support government in the war like situation. He said that the manner under which CAPSI is taking proactive decisions to engage with stakeholders, will prove highly beneficial for the citizens and the Nation.

Kunwar Vikram Singh said a delegation of the CCIS shall be meeting Hon’ble Prime Minister Sh Narendra Modi to assure total support to his plans and actions in wake of war with Pakistan.

For further information or to arrange interviews, please contact:

About CAPSI: The Central Association of Private Security Industry (CAPSI) is a premier organization representing the interests of private security industry professionals in India. CAPSI is committed to promoting best practices, professional standards, and advocacy for the industry.

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Ahmedabad (Gujarat) [India], May 2: EventBazaar.com, India’s first comprehensive digital platform for the event industry, was officially launched at a vibrant and memorable evening brimming with music, celebration and digital innovation. The grand launch took place during a spectacular live concert featuring Indian Idol winner Aishwarya Majmudar, signalling a transformative moment for the country’s event planning ecosystem.

EventBazaar.com is a one-stop digital destination catering to all your event-related needs. From weddings and corporate events to birthdays and community gatherings, the platform connects customers with verified vendors across more than 136 categories, including catering, decoration, photography, venue booking, entertainment, logistics and more. With a user-friendly interface and verified listings, the platform simplifies event planning by eliminating the hassle of vendor hunting.

As India’s fastest-growing event-tech platform, EventBazaar.com delivers unmatched convenience and transparency. Vendors nationwide can register, promote their services, receive bookings and expand their visibility in an increasingly competitive market. At the same time, customers gain access to a curated pool of service providers tailored to meet varied requirements and budgets, all in one digital space.

Speaking at the launch, Hirav Shah, Founder of EventBazaar.com and a seasoned entrepreneur with over 15 years of experience in the event and consulting industry, said, “With EventBazaar.com, we have built a digital ecosystem that brings vendors and clients together, removes inefficiencies, and boosts the event industry in India. We are empowering an entire industry to go digital, be discoverable, and deliver better experiences.”

The platform was unveiled at a high-energy live concert in Ahmedabad, headlined by noted playback singer Aishwarya Majmudar, whose captivating performance set the tone for the evening. A beloved artist with a musical journey that began on Indian Idol and led to national acclaim, Aishwarya added star power to the launch and perfectly symbolised the spirit of new beginnings. Her performance was a fitting metaphor for EventBazaar.com itself — a rising star poised to transform event planning in India.

EventBazaar.com aims to onboard thousands of vendors in the coming months and become the go-to digital platform for event planning. As the Indian event industry steps into a new digital era, EventBazaar.com is poised to be at the forefront.

For more information, visit: www.eventbazaar.com
Contact: info@eventbazaar.com

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Ahmedabad (Gujarat) [India], May 1: Mascot Infrastructure, Gujarat’s leading real estate and industrial park developer, has officially commenced work on its most ambitious project yet, the Mascot Industrial City, at Vithalapur in Ahmedabad district. Spread across 385 acres, the integrated township is set to emerge as a transformative manufacturing and logistics hub in one of the fastest-growing industrial corridors in the country and boost economic development.

The groundbreaking ceremony, held on Wednesday, was attended by a host of dignitaries, including Industries Minister Balvantsinh Rajput, former Deputy Chief Minister Nitinbhai Patel, Mehsana MP Haribhai Patel, and former Home Minister Rajnibhai Patel, among others.

Mascot Infrastructure, which has delivered over 60 million square feet of space over the years, showcased the project’s expansive facilities and forward-looking amenities during the event. The foundation stone was also laid for a wide range of developments within the township, including a Dormitory Complex comprising 31 towers with 12,500 beds, 350 1BHK apartments, 290 2 & 3 BHK apartments, a shopping mall, food court, hotel, school, and fuel station.

In a strong show of investor confidence, 13 companies also laid foundation stones for their projects at the site on the same day. These include Luxor Industries, Abhi Metals, Toshee Industries, Mysore Tubes Suppliers, K Power Control, V Bros Auto, among others.

Speaking on the occasion, Sanjay Patel, Managing Director of Mascot Infrastructure, said, “The Mascot Industrial City marks a defining moment for us and Gujarat’s industrial ecosystem. We are not just building a township, but are shaping a dynamic, inclusive, and globally competitive environment that enables industries to thrive. We are confident this project will play a key role in India’s Make in India vision and become a model for industrial townships across the country.”

Mascot Industrial City is Mascot Infrastructure’s sixth and largest project to date and builds on a successful track record of five integrated industrial and logistics parks across Ahmedabad, Vadodara, and Surat. Mascot Infrastructure signed a Memorandum of Understanding for the project at the Vibrant Gujarat Global Summit 2024 in the presence of Chief Minister Bhupendra Patel.

Strategically located near the Vithalapur auto cluster, the park boasts a 1 km frontage along a four-lane state highway and enjoys connectivity to major infrastructure projects including the Delhi-Mumbai Industrial Corridor, Dholera SIR, GIFT City, and Sanand GIDC. The site also has easy access to key ports such as Kandla, Mundra and Dahej, enabling smooth logistics operations.

Meticulously master-planned, Mascot Industrial City features clearly demarcated industrial, residential and commercial zones. The offerings include industrial plots, plug-and-play factory units, Grade A warehouses, and comprehensive residential facilities. The infrastructure blueprint includes 18–30 metre-wide roads, multiple entry points, and sustainable solutions such as solar-powered street lighting, electric shuttle services, and e-cart mobility.

With clients from eight countries, including India, Japan, the US, Germany, Taiwan, Turkey, the UK, and China, Mascot Infrastructure has cemented its reputation as a reliable partner for global manufacturing. The new township will offer build-to-suit capabilities, ready factory spaces, and an ecosystem that promotes rapid scalability for industries.

Located approximately 75 km from Ahmedabad, Vithalapur is a key automobile manufacturing hub, home to major players like Maruti Suzuki and Honda Motorcycle and Scooter India. The Japanese External Trade Organization (JETRO) has also secured 1,200 hectares in the vicinity for nearly 30 OEMs. Mascot Industrial City is poised to facilitate sustainable and inclusive industrial growth and further enhance the region’s strategic importance on the global industrial map.

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Surat (Gujarat) [India], May 1: KP Group, one of India’s leading renewable energy companies, has reaffirmed its commitment to operational excellence by integrating the latest technologies into its asset management and performance optimisation strategies. As part of this initiative, the Group has deployed IBM Maximo Renewables across its renewable energy operations, managing a portfolio of over 1.4 GW across 73+ sites.

The full-suite Maximo solution, Monitor, Operate and Analyse, has enabled KP Group to streamline its asset management processes for both Independent Power Producer (IPP) and Captive Power Plant (CPP) services. With over 75 Open Access PPA customers and over 130 CPP clients, the Group has significantly enhanced its performance visibility, reporting accuracy, and maintenance workflows.

Dr. Faruk G. Patel, Founder, Chairman & MD of KP Group, said, “IBM Maximo Renewables has significantly transformed our operations. With its robust data warehouse seamlessly integrated with our self-hosted Power BI, our reporting now delivers real-time insights at the organisational and investor levels. The Operate module has streamlined work and material management. Advanced string analytics have empowered us to identify and resolve underperforming strings, optimising performance.”

The application suite complements KP Group’s state-of-the-art Network Operations Centre (NOC) as it ensures seamless performance of solar, wind, and hybrid energy projects by leveraging advanced technologies, real-time data, and best-in-class practices.

KP Group has reported marked improvements in several key operational areas, such as fully automated, hourly-based dashboards, eliminating manual reporting and significantly improving accuracy, over 9,000 real-time string analytics for proactive issue identification, and reduction in energy loss per corrective work order, with targeted optimisation of 2–5% annually. The 100% contractual compliance in O&M performance supports generation guarantees and financial transparency.

These results reflect KP Group’s strategic focus on data-driven asset performance, addressing general challenges such as downtime, integration inefficiencies, and difficulty in root cause analysis. The company now enjoys near real-time oversight across solar, wind, and hybrid assets, ensuring smarter, more sustainable energy generation. KP Group now offers CPP clients real-time access to accurate and transparent data via web and mobile applications, reinforcing trust and confidence in the company’s capabilities.

Notably, IBM has come out with a case study taking note of KP Group’s success and recognising the implementation as a benchmark for technology-driven transformation in the renewables sector.

Through its continued focus on innovation and adopting cutting-edge technology, KP Group is not only enhancing its operational efficiencies but also strengthening its position as a responsible energy provider committed to sustainable growth and customer satisfaction.

New Delhi [India], May 1: The roads of Ahmedabad are about to witness a striking new presence. Magnus Motors, the trusted dealership for Citroën in the region, proudly unveiled the much-anticipated Dark Edition models of the Citroën C3 and C3 Aircross at its showroom – La Maison Citroën Ahmedabad. The exclusive launch event was graced by Dev Joshi, widely known for his role in “Baalveer,” bringing excitement and star power to an evening celebrating innovation, style, and automotive excellence.

A New Era of Bold Design and French Comfort

Citroën’s new Dark Edition lineup is a visual treat for car enthusiasts who appreciate bold aesthetics without compromising on comfort and performance. The striking black accents, sleek lines, and refined features make the C3 and Aircross stand out on the road, embodying the French carmaker’s signature style, innovative design, and attention to detail.

More than just good looks, these models boast enhanced features that offer a seamless blend of practicality and luxury. From tech-forward interiors to exceptional ride quality, Citroën’s latest offerings are built to cater to modern-day drivers who seek both sophistication and substance.

Magnus Motors: The Trusted Citroën Destination in Ahmedabad

As Citroën continues to redefine mobility with its fresh approach to design and customer-centric technology, Magnus Motors stands tall as a dealership committed to delivering that vision to the people of Ahmedabad. Known for its top-tier service and a customer-first approach, Magnus Motors has quickly become the go-to choice for prospective car buyers looking for something unique and reliable.

The showroom itself – La Maison Citroën Ahmedabad – offers an inviting, premium atmosphere where customers can explore the Citroën lineup at their own pace. The staff is friendly, knowledgeable, and always ready to assist in finding the perfect car that aligns with individual tastes and needs.

Speaking about the event, a spokesperson from Magnus Motors shared, “We are thrilled to introduce the Dark Edition of Citroën C3 and Aircross to our customers in Ahmedabad. These vehicles truly represent a perfect blend of form and function. Our goal is not just to sell cars, but to deliver a memorable experience to each customer who walks through our doors.”

A Splash of Creativity at Magnus Motors

Magnus Motors introduced a unique “Paint the Citroën Car with Kids” activity during the launch – turning the spotlight on creativity, community, and childlike joy. This engaging initiative added a playful, memorable touch to the showroom experience.

Dev Joshi Paints the Town Dark – A Celebration to Remember

The launch of the Dark Edition series was more than just a car unveiling – it was a celebration of Citroën’s evolving identity in India.

In a heartwarming and creative initiative, Magnus Motors introduced a unique “Paint the Citroën” activity, inviting children to join in the fun by painting a car alongside Dev Joshi. This special engagement highlighted Magnus Motors’ commitment to creating community-driven experiences and making their showroom a place of joy, creativity, and family-friendly connection. The colorful contributions from the children symbolized the brand’s vibrant and youthful spirit.

Fans and car lovers gathered to witness the occasion, engage with the cars up close, and enjoy exclusive test drives. The enthusiasm in the air was palpable as the audience connected with both the product and the personality behind the unveiling.

“Citroën has always been about bold choices and fresh perspectives,” said Dev Joshi at the event. “I’m happy to be part of this exciting launch. The Dark Edition looks absolutely stunning and I’m sure it’ll turn heads wherever it goes.”

A Strategic Push Toward Regional Leadership

This launch marks a significant step in Magnus Motors’ short-term goal to increase awareness about Citroën’s unique offerings in Ahmedabad and neighboring areas. With a focus on style, comfort, and innovation, the dealership is positioning itself as more than just a showroom – it’s becoming a hub for car lovers who want something beyond the ordinary.

In the long run, Magnus Motors aims to become the most trusted name for Citroën vehicles in the region by offering not just great products but also a consistently delightful buying and after-sales experience.

Citroën Cars: A Class Apart

Whether it’s the sporty compactness of the C3 or the versatile spaciousness of the C3 Aircross, Citroën vehicles bring something fresh to the table. Engineered with customer comfort and driving pleasure in mind, both models are equipped with advanced features, plush interiors, and intuitive controls.

The Dark Edition enhances these features further, giving them a powerful visual identity that matches their strong performance on the road.

Visit Magnus Motors – Explore the Dark Edition Today

Magnus Motors invites all families, professionals, and car enthusiasts to La Maison Citroën Ahmedabad to experience the new Dark Edition lineup firsthand. From detailed walkthroughs to personalized test drives, the team is ready to help every visitor discover the car that fits their lifestyle.

For bookings and test drives, visit us at Sun Embark – GF, Under Sola Over Bridge, Sarkhej – Gandhinagar Hwy, Sola, Ahmedabad, Gujarat 380061.

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