Tag: Business

New Delhi: In a significant move to bolster the Indian SME sector, Hari Gupta, a prominent UAE-based NRI entrepreneur, has committed to investing ₹100 crore in small and medium enterprises across India. The investment will be channeled through SkyHigh, a company founded by Gupta, which also plans to establish a SEBI-approved Alternative Investment Fund (AIF) to actively participate in SME IPOs as an Anchor or Qualified Institutional Buyer (QIB).

Hari Gupta, who began his entrepreneurial journey with a mere $250 loan, has built a formidable business empire over the past 30 years. His ventures span multiple countries, and he is known for elevating lesser-known brands to top market positions, both in India and internationally. Gupta’s notable achievements include producing the 2010 TV reality show My First Million, aired on Zee International TV.

SkyHigh’s initiative is not just about financial investment. The company aims to provide Indian SMEs with unparalleled access to global markets through Gupta’s extensive networks in the UAE, Singapore, Sri Lanka, Nepal, CIS countries, and beyond. This holistic approach is designed to help SMEs grow beyond domestic boundaries.

In addition to funding, SkyHigh will support SMEs with a robust marketing strategy that includes comprehensive media exposure across various platforms, including print and digital outlets, billboards, and endorsements from well-known celebrities. These services will be provided to SMEs at no initial cost, making it easier for them to benefit from expert marketing and branding without financial strain.

SkyHigh executives recently attended the Mumbai Money Expo, where they engaged with various SMEs and merchant bankers to discuss potential collaborations. This event marks the beginning of what promises to be a transformative journey for Indian SMEs looking to scale globally.

A well-known celebrity has praised SkyHigh’s initiative, emphasizing its potential to significantly enhance the global reach of Indian SMEs and contribute to the ‘Make in India’ vision championed by the Hon’ble Prime Minister.

For more information or to discuss potential opportunities, please reach out to:

Hari Gupta

Phone (UAE): +971 5251 40619

Phone (India): +91 920 50 18270

Email: ipo@SkyHighAmc.com

Hyderabad (Telangana) [India], August 20: Magellanic Cloud (BSE: MCLOUD), an emerging global leader in the technology space, has announced its financial results for the quarter ending June 30, 2024. With a robust portfolio of subsidiaries in IT, ITES, surveillance, and drone technology, the company remains focused on owning, acquiring & innovating technology.

Commenting on the financial Mr. Joseph Sudheer Reddy, Global CEO, Magellanic Cloud said: “Our Q1 FY25 results demonstrate the strength of our multi-technology portfolio and our unwavering focus on driving transformational growth. With our 37.3% YoY EBITDA growth and a 40.3% increase in YoY profit reflect the power of our strategic focus on operational excellence and innovation. Achieving an EBITDA margin of 40.05% showcases our ability to navigate challenges and optimize for profitability.

As we look ahead, we’re poised to deepen, accelerate & acquire advancements in Generative AI,

surveillance, and drone technologies, where we are already at the forefront of innovation. These technologies will continue to drive our growth trajectory as we further solidify our market leadership. Our vision is to scale strategically, harnessing innovation & acquisition to deliver sustainable, long-term growth and unlocking greater value for all stakeholders.”

Key financial highlights

• Revenue from operations stood at Rs. 132.17 crore in Q1 FY25, as against Rs. 137.78 crore in Q1 FY24.
• EBITDA for the quarter is Rs. 52.93 crore as against Rs. 38.56 crore in Q1 FY24, a year-on-year growth of 37.3%
• EBITDA Margin for Q1 FY25 stood at 40.05%
• Q1 FY25 profit stands at Rs. 26.51 crore against a PAT of Rs. 18.89 crore in Q1 FY24, year on year growth of 40.3%
• During the quarter, Scandron, a subsidiary, receives DGCA approvals for its small category Agri Drone.

Magellanic Cloud

Magellanic Cloud has strengthened its leadership team as part of its organizational process transformation strategy by bringing in seasoned industry veterans to steer the company through emerging opportunities and challenges.

Drones (Subsidiary – Scandron Private Limited)

• Scandron, a subsidiary of Magellanic Cloud, achieved a major milestone by receiving its second DGCA approval, this time for its small category Agri Drone. Notably, Scandron is also the first company in India to secure DGCA certification for its logistics drone. These certifications position Scandron to participate in key government-led initiatives such as Drone Didi, where type certification is a prerequisite further strengthening our contribution to the growth of the drone ecosystem in India.
• Scandron, a subsidiary of Magellanic Cloud successfully conducted trials with defense forces at medium and high altitudes, demonstrating Scandron’s advanced logistics capabilities in challenging environments. These trials solidified the company’s role as a reliable partner for defense operations, highlighting its potential to revolutionize military logistics and tactical support.

IT & ITES Business (Motivity Labs & JNIT Technologies)

• We delivered a cutting-edge Generative AI (GenAI) application to a key client in the travel domain. This achievement underscores our commitment to delivering AI-driven transformation across industries, reinforcing Motivity Labs’ leadership in pioneering intelligent technology solutions.
• Motivity Labs has expanded its services by partnering with vendors that are Oracle Gold partners to address industry gaps and accelerate growth. Leveraging this strategic alliance, we acquired multiple local partners, filling the gaps and further strengthening our revenue streams and customer base. This partnership enhances the company’s IT capabilities, driving scalability, improving sales turnover, and ensuring comprehensive customer resource fulfillment.
• We set a recent establishment in Canada, coupled with a partnership with one of the world’s top five global companies, allows us to offer both local and international resources in the Canadian market. This strategic expansion broadens our global footprint and significantly enhances our capability to serve a varied clientele.

E-Surveillance (Subsidiary – IVIS International Pvt. Ltd and Provigil Surveillance Ltd.)

• The company exhibited in three major expos in Delhi and Mumbai, where we engaged with top exhibitors, industry experts, and key government officials from across the Indian and international markets. The expos featured advanced technologies in CCTV, e-surveillance, integrated systems, networked security, monitoring centers, and computer security. This exposure also facilitated our acquisition of clients from diverse industries beyond BFSI, including healthcare, retail, manufacturing, government & commercial sectors.
• We onboarded three prominent players in the Gold Financing industry, spanning over 270 locations, which is complemented by the deployment of comprehensive automation for vault door operations featuring sophisticated intelligent security technology.

About Magellanic Cloud:

Magellanic Cloud Limited (BSE: MCLOUD) is a pioneering technology enterprise, offering software development, digital transformation, AI/IoT, and drone-based solutions for realworld applications. Committed to harnessing cutting-edge technology, Magellanic Cloud offers transformative solutions to a global clientele and has made strategic investments in IT services, E-surveillance, and advanced drone technologies.

With a robust workforce of over 1,200 professionals and a portfolio featuring more than 100 clients, including several Fortune 1,000 companies, Magellanic Cloud is recognized for its significant market presence and capability to deliver technology-driven solutions in a competitive global landscape.

For more details, please visit: www.magellanic-cloud.com

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New Delhi August 17: TCR, short for The Crypto Retriever, is a specialized firm dedicated to helping individuals recover lost digital assets. Known for their unwavering commitment to security and customer satisfaction, TCR has rapidly established itself as a leader in the crypto wallet recovery service industry. With a strong track record, the company has successfully recovered over 500 wallet passwords, restoring more than $3.5 million in cryptocurrencies for over 300 clients.

The mission of TCR is clear: to provide critical support to those who have lost access to their digital wealth due to technical mishaps or insufficient knowledge of cryptocurrencies. Their services encompass a broad spectrum of recovery solutions, including recovering Bitcoin wallet passwords, fixing invalid mnemonic phrases, restoring lost mnemonic seeds, recovering hardware wallets, and blockchain wallet recovery. TCR’s team of experts is deeply committed to maximizing recovery outcomes for every client.

Sameer Ansari, the founder of TCR, expressed his pride in the company’s achievements: “We are incredibly proud of what TCR has accomplished. The positive impact we’ve made on our clients’ lives is a true reflection of our dedication to excellence, security, and ensuring complete customer satisfaction. We look forward to continuing our mission of helping individuals regain access to their valuable cryptocurrencies.”

Security is at the core of TCR’s operations. The company employs cutting-edge security protocols to protect sensitive client information and ensure the utmost protection of their digital assets.

In Hanoi, Vietnam, a man named Bao, well-known for his expertise in crypto marketing, faced a significant challenge. Back in 2016, Bao had successfully amassed 7.3 BTC through his sharp marketing strategies and was confident in his financial future. Unfortunately, his success took an unexpected turn when he accidentally uninstalled his blockchain wallet app. Upon reinstalling it, Bao realized he could not remember the password needed to access his funds.

As time passed, Bao’s financial situation deteriorated due to unsuccessful investments and risky futures trading, leaving him in substantial debt of $156,000. Desperate to recover his lost Bitcoin, Bao tried every method he could think of, but nothing worked.

One day, while searching online for solutions, Bao discovered a video by The Crypto Retriever titled “How to Recover Bitcoin Wallet Password.” The video detailed various techniques for recovering lost wallet passwords. Bao followed the instructions carefully, hoping to unlock his wallet. However, despite his efforts, he was unsuccessful.

TCR’s story is filled with successful recoveries like Bao’s, as they have helped numerous individuals regain access to their lost crypto assets. With their unparalleled expertise and dedication, TCR continues to make a significant difference, enabling people to reclaim control of their financial futures through their top-tier crypto wallet recovery services.

Links:

https://thecryptoretriever.com/

https://www.youtube.com/@TCRetriever

New Delhi [India], August 17: Innovative energy drink brand co-founded by Atharve Malviya, Shivang Sagwaliya, and Sujal from Garoth, Valour Beverages, today announced a successful raise of $250,000 from MBT Ventures. This strategic investment will enable Valour to expand its market reach and accelerate its product development efforts.

Valour Beverages and MBT Ventures intend to make healthier beverage options with use of zero sugar and authentic ingredients available to health conscious customers. The partnership will see Valour Beverages use MBT Ventures’ extensive experience and financial support to redefine the beverage market with premium offerings. Valour Beverages are awaiting a grand launch by the end of this year.

“Valour Beverages sees a real opportunity to deliver premium offerings for our health-conscious customers,” noted the Valour Beverages Co-Founder Atharve Malviya. “

“We intend to bring a fresh perspective and entrepreneurial spirit to our brand with premium energy drinks with exotic and mocktail-inspired flavors, aiming to become a market leader by catering to the health-conscious customer. MBT Ventures is a renowned London-based company creating tomorrow’s legacy today. With a portfolio worth $60 million across 12+ projects, MBT Ventures has a proven track record of identifying and nurturing high-potential ventures. We believe their strategic investment highlights their confidence in our brand’s vision and growth potential. MBT Ventures’ financial backing can help our brand get closer to becoming a market leader,” said Shivang Sagwaliya, the Co-Founder of Valour Beverages.

While energy drink alternatives have been available to health-conscious consumers for some years now, a huge fraction of the consumers have yet to have access to premium energy drinks with mocktails and exotic-inspired flavors. The strategic investment secured by Valour Beverages from MBT Ventures opens the door for more enjoyable and energizing health product development efforts. The health-conscious customers’ will have access to a unique and invigorating flavored energy drink experience without compromising health.

Sujal, who is also the Co-Founder of Valour Beverages, added, “We will bring drinks of premium quality crafted with genuine ingredients and zero sugar to our health-conscious customers at compelling prices. Health-conscious customers can expect to enjoy the highest standards of quality and taste in our range of energy drinks. We are entering this market in a strategic partnership with MBT Ventures, with long-term plans to expand our market reach and cater to the growing demand for healthier beverage options. Listening to our customers’ needs, we are confident that this will be the seed of the brand’s unique proposition, not just a brand launch.”

Health-focused drink alternatives have grown significantly over the last ten years. Sources have estimated that the health drink market will grow at a CAGR of 4.23 percent over the next five years.

“Valour Beverages and MBT Ventures will create a strong brand presence and execute comprehensive marketing strategies to reach a wider audience,” said Atharve Malviya, the Co-Founder of Valour Beverages. “As our team prepares for the official launch, we are pleased to have an infusion of capital from MBT Ventures and believe the investment will play a crucial role in enhancing our product offerings and propelling our brand to new heights,” he finished.

 

New Delhi: As 2024 unfolds, India’s entrepreneurial landscape is witnessing a remarkable surge of innovative and impactful Personalities that are setting new benchmarks in their respective fields. From pioneering healthcare initiatives to reshaping the fitness industry, these businesses are thriving and driving significant change across the nation. This press release introduces you to 14 Iconic Personalities to watch in 2024. With their unique visions and relentless dedication, these trailblazers are poised to make a lasting impact, influencing industries, empowering communities, and paving the way for a brighter future.

1. Dr. Thejo Kumari Amudala

Dr. Thejo Kumari Amudala is a celebrated global icon, recognised for her exceptional contributions to humanitarian and social causes. With accolades such as Being the First Female Recipient to Receive the Missile Man Award, Gandhi Peace Award, Dadasaheb Phalke Icon Award 2022, Nelson Mandela Nobel Peace Award, And Mrs Universe Winner 2022, she exemplifies dedication to social justice. As the World Human Rights Ambassador and National President of the WHRPC, she champions equality and human rights. An MBA and PhD holder, Dr Amudala is now pursuing medical studies at the age of 40 to open clinics offering free healthcare to the poor, reflecting her lifelong commitment to making a positive impact and ensuring healthcare accessibility for all.

2. Aman Duggal

Aman Duggal, Founder of Aman Duggal University (ADU) and a seasoned Nutrition and Exercise Coach, is on a mission to reshape the fitness industry. Driven by his early passion for exercise and nutrition, Aman’s journey led him to blend biochemistry with fitness, challenging outdated norms. Despite facing legal battles and industry pushback, Aman’s resilience and commitment to evidence-based practices have positioned ADU as a trailblazer in fitness education. With a focus on advancing science-driven approaches and personalized training, Aman Duggal is empowering the next generation of fitness professionals, making him a standout figure among India’s growing businesses to watch in 2024.

3. Naveeth Menon

With over two decades of experience in the automotive industry, Naveeth Menon is at the forefront of India’s shift towards sustainable transportation. Leading Baxy Mobility, he has strategically expanded the company’s presence in the electric three-wheeler segment. His deep industry knowledge, combined with a commitment to customer-centricity and continuous improvement, has positioned Baxy Mobility as a key player in the market. Naveeth’s innovative approaches, such as optimizing logistics and embracing early-market penetration, have set new benchmarks in the industry, making him a leader to watch in 2024.

4. Venkat Lakshminarasimha

Venkat Lakshminarasimha, Head of Solutions for India and the Middle East at Dexian India, is a visionary leader in business and product management. With over two decades of experience in digital transformation, Venkat has successfully spearheaded initiatives for IT enterprises, government bodies, and the Agritech sector. His strategic vision has been instrumental in expanding Dexian’s Managed Services on a global scale, effectively leading and inspiring teams across the US, Middle East, and India. Venkat has also played a pivotal role in establishing Centers of Excellence in AI/ML, AR/VR, and data science, underlining his commitment to nurturing engineering talent and driving innovation. His leadership has been key in positioning Dexian as a global powerhouse in digital innovation, ensuring sustained growth, operational excellence, and success across diverse sectors and markets.

5. Dr. Kavita Monga

Dr. Kavita Monga, an award-winning educationist and visionary leader, is transforming the education landscape in India. As the Founder and CEO of GSL EDU EXCELLENCE, Dr. Monga has pioneered the integration of holistic education and comprehensive career counselling in schools. Under her mentorship, the GSL team has successfully guided numerous students into top 200 QS-ranked universities globally, including Ivy League institutions in the USA, the Russell Group in the UK, U15 in Canada, and the Group of Eight in Australia. A two-time TEDx speaker and Guinness World Record holder, Dr. Monga continues to inspire future generations with her unwavering commitment to education and personal development.

6. Sukhbir Singh’s

In a highly anticipated event, Sukhbir Singh made a notable appearance at the Stylox store following their recent collaboration. Dressed in Stylox apparel, Singh captivated a large crowd with his dynamic performance, making the event a resounding success. The occasion celebrated the seamless blend of fashion and music, with Singh expressing his enthusiasm for expanding Stylox into international markets. He also shared his strong connection with the brand. The event concluded with an award ceremony where Singh honored the brand’s franchises, recognizing their contributions with prestigious awards.

7. Dr. Md Sahidul Arefin

Dr. Md Sahidul Arefin is a distinguished audiologist and speech-language pathologist whose work is driven by a passion to improve lives affected by hearing and communication disorders. His pioneering research on early detection and intervention for infants has revolutionized the field. Dr. Arefin developed a cutting-edge screening protocol that combines advanced technology for precise, early diagnosis, significantly improving treatment outcomes. Dedicated to evidence-based and holistic care, he also promotes access through teletherapy and community programs. His innovative approaches and leadership continue to make a profound impact in audiology and speech pathology.

8. Lajja Brahmbhatt

Lajja Brahmbhatt, a criminal lawyer by qualification and the visionary founder of Neera Naturals, has redefined luxury bathing in India. As the country’s first handmade luxury bathing brand, Neera Naturals emphasizes authenticity, excellence, and artisanal craftsmanship. Lajja’s dedication to quality has earned the brand national recognition, including a prestigious award. Overcoming challenges in a competitive market, she leveraged in-house manufacturing and strong family involvement to build trust. With plans to expand while maintaining core values, Lajja aims to set new standards in the luxury bathing industry, inspiring others to prioritize quality and authenticity.

9. Dipak Mangtani

Dipak Mangtani, a passionate corporate trainer and life skills coach, is reshaping personal development in India. With over a decade of experience, he has empowered many through his programs like MMM (Motivating Your Magnificent Mind) and his bestselling book Yes I Can. Dipak’s inspiring journey from a struggling student to a celebrated trainer showcases his belief in motivation, guidance, and perseverance. His impactful work in consumer protection, recognized with a National Award for Excellence, underscores his dedication to social activism. With multiple accolades, including the Pride of India Award, Dipak’s innovative strategies have set new benchmarks in training and development. Aiming to train 100,000 students in the next decade, he continues to inspire and lead with purpose.

10. Faiz Askari

Faiz Askari, a seasoned business media professional, is the driving force behind SMEStreet, a platform dedicated to empowering MSMEs across India. With a background in journalism and media strategies, Faiz recognized the unique challenges faced by small businesses and launched SMEStreet to address their needs. Overcoming significant hurdles, including building credibility and resource constraints, he has transformed SMEStreet into a trusted source of information, networking opportunities, and policy insights. As the platform continues to evolve, Faiz’s commitment to the growth and sustainability of MSMEs positions SMEStreet as an indispensable resource in the business landscape.

11. Bapuji Dashrathbhai Patel

Bapuji Dashrathbhai Patel, born December 13, 1956, Akhaj village in Mehsana, Gujarat, has transitioned from a successful income tax advocate to a revered spiritual Master. Driven by a quest for deeper meaning beyond his professional success, Bapuji’s turned to spirituality and now offers guidance through his teachings on supreme peace and self-awareness. His spiritual journey is marked by his influential works, including From the Heart of God and Life In Multiverse, and his popular YouTube channel with 900,000 subscribers With the name of Bapuji Dashrathbhai Patel. Bapuji’s teachings focus on the “Behed Ki Param Shanti Maha Mantra,” promoting inner peace and global harmony. His innovative approach to spirituality and accessible meditation practices make him a significant figure to watch in 2024.

12. Randhir Raj Singh

Randhir Raj Singh, an IIT Roorkee B. Tech and ISB MBA graduate, co-founded Grabru Di Chaap along with Tarunpreet Singh with a vision to elevate the humble Soya Chaap from street food to a mainstream delicacy. With over eight years of experience in management consulting and operations at prestigious firms like Bain & Company and Deloitte, Randhir’s entrepreneurial journey began with a small 80 sq. ft. store in 2019. Today, Grabru Di Chaap boasts over 30 stores across four cities, recognized for innovation and quality with accolades like the Economic Times F&B Delivery Icon 2023. Randhir and Tarunpreet’s focus on customer satisfaction, innovation, and strategic supply chain management has been pivotal in transforming the Soya Chaap market, with plans to expand to 500 stores in the next six years.

13. Neka Shah

Neka Shah is a rising star in the Indian literary world with her debut novel, “Your Home is in My Heart.” Far more than a typical romance, Neka’s work is a rich tapestry of emotions, exploring the profound connection between friendship and love. With 17 enchanting illustrations and a specially crafted playlist, Neka has created a multi-sensory experience that immerses readers in the journey of her characters. Her dedication to portraying love as practical, grounded in mutual respect and individuality, sets her apart in the literary landscape. As she continues to explore the depths of modern relationships, Neka Shah is undoubtedly an author to watch in 2024, promising more insightful and emotionally resonant stories in the future.

14. Jatin Patel

Jatin Patel, a serial entrepreneur and the CEO of SpatzMedia, is a prominent figure in the realms of PR,  marketing & Business. As a visionary leader, Jatin has not only co-founded SpatzMedia but also established a successful solar company and a thriving retail chain. Over the past four years, he has driven SpatzMedia’s to 1500+ Client Based by applying his extensive expertise in lead generation campaigns and sales conversion funnel building.  Jatin’s marketing philosophy integrates the art of creative messaging with the science of consumer behavior, emphasizing long-term ROI. He is driven by a desire to not only succeed but to make a lasting impact on the industries he touches. Jatin Patel’s story is one of relentless pursuit—of success, innovation, and personal growth. It is a journey that inspires and challenges the norms, setting a new standard for what it means to be a modern entrepreneur.

These 14 Iconic Personalities exemplify the spirit of innovation, resilience, and social responsibility that is shaping the future of India’s business landscape. As they continue to push boundaries, their influence extends beyond their industries, inspiring the next generation of entrepreneurs and leaders. With their eyes set on the future, these businesses are not just contributing to economic growth but are also making a meaningful difference in society. Keep an eye on these dynamic ventures as they redefine success and lead India into a new era of prosperity and progress in 2024 and beyond.

Indore, (Madhya Pradesh) [India], August 12, 2024: To thrive in an ever-evolving digital domain, the first step is to create a strong and long-lasting brand identity. For small and medium-sized businesses (SMBs) and startups, branding is one of the significant X-factors, helping the brand to establish credibility and create a positive impression.

This is where Indore-based branding and design agency The Factor X steps in. Founded by the dynamic Malhotra brothers Chaitanya and Pallash, the company has added a special touch to every branding strategy since 2017.

The Factor X has quickly become one of the most sought-after agencies, working with national and international brands. Armed with a vast client portfolio, including big names like Amazon, Slack, and Uber, the designing brand has proven its ability to deliver tangible results across diverse industries.

After completing over 1500 projects, the enterprise staunchly believes in the magic of innovation. This approach is further reflected in The Factor X’s comprehensive, customisable brand kits.

These ready-to-launch kits empower businesses with unique designs and elements needed to build a professional brand identity. The Factor X’s brand kits are designed to give enterprises a running start, from logos and marketing materials to digital assets and even physical products.

Besides the popular brand kits, here are 5 reasons why startups, SMEs, and even established industry leaders are choosing The Factor X:

1. Affordable Excellence: Offering high-quality design and branding services tailored for SMBs and startups at budget-friendly prices

2. Speed-to-Market Advantage: Allowing businesses to capitalise on market opportunities and launch faster than competitors

3. Multidisciplinary Design Expertise: Led by industry experts Pallash Malhotra and Vatsa Khandelwal, The Factor X presents a unique blend of branding, packaging, and interior design capabilities

4. Proven Success Across Industries: Showcasing   track record of elevating brands from local startups to global giants  and demonstrating versatility across diverse sectors

5. Results-Driven Approach: Focusing on tangible business impact with clients reporting up to 20% increase in conversions and significant boosts in brand recognition

“We’re not just creating logos or colour schemes,” explains the Malhotra brothers. “We’re crafting complete brand experiences that resonate with audiences and drive tangible business growth. Our partnership with Vatsa Khandelwal allows us to extend that brand experience into physical spaces, creating a cohesive brand identity.”

The Factor X continues to push the boundaries of accessible design. The agency is exploring emerging technologies and design trends to enhance its offerings further and stay ahead of its business game.

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Mumbai (Maharashtra) [India], August 14: Forcas Studio Limited, one of the pioneers in aspirational fashion brands for the youth of Bharat, with a strong focus on menswear, has announced its plan to go public with an Initial Public Offering (IPO) on August 19, 2024. The company is aiming to raise ₹ 37.44Crores at the upper band through this IPO, with shares set to be listed on the NSE Emerge platform.

The issue size is Up to 46,80,000 equity shares at a face value of ₹ 10 each. 

The net proceeds from the IPO will be utilized for Funding the upgradation of the warehouse, Prepayment or repayment of certain secured loans availed by the Company, Funding of working capital requirements and General Corporate Purposes. The bidding for Anchor portion will open on August 16, 2024, the issue will open for subscription for all other category from August 19, 2024 and closes on August 21, 2024.

The Book Running Lead Manager to the Issue is Horizon Management Private Limited. The Registrar to the Issue is Mas Services Limited.

Mr. Sailesh Agarwal, Managing Director of Forcas Studio Limited, expressed, “Reflecting on our remarkable journey, Forcas Studio Limited has evolved into a distinguished name in the Indian menswear market, embodying style, quality, and affordability. From the beginning, we have consistently prioritized innovation and customer satisfaction. Our brands ‘FTX’, ‘TRIBE’, and ‘Conteno’ have become synonymous with fashionable, affordable, and comfortable menswear, catering to a wide demographic across India.

As we move forward, our focus remains on expanding our reach and enhancing our brand presence both online and offline. The shift to online business in 2021 has allowed us to connect directly with consumers, serving over 15,000 pin codes and gaining valuable insights into their preferences. With over 1,200 SKUs and a strong presence on major e-commerce platforms, we are committed to delivering value to our customers, particularly in Tier-2, Tier-3, and Tier-4 cities and Towns, where we see tremendous potential for growth. 

Our mission is to become the leading menswear brand for the masses of Bharat, and with the upcoming launch of our women’s wear and kids’ wear lines under the brands ‘TRIBE’ and ‘Conteno’, we are poised to further diversify our offerings and solidify our position in the fashion industry.”

Mr. Manav Goenka, President – Investment Banking of Horizon Management Private Limited, said, “The growth of Forcas Studio Limited is a reflection of their keen understanding of the men’s fashion industry and their unwavering commitment to excellence. Their ability to navigate the rapidly changing fashion landscape, coupled with a robust online presence and a diverse range of stylish and affordable menswear, positions them for continued success. The strategic expansion into new product lines, combined with their focus on becoming a dominant brand in the men’s fashion sector, highlights their ambition and vision. The upcoming IPO represents a significant milestone in their journey, and we are confident that Forcas Studio Limited will continue to set new benchmarks in the industry, driven by innovation, customer-centricity, and a deep knowledge of market trends.”

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New Delhi (India), August 13:  Toreto, the trailblazing audio technology brand honored as the ‘Most Promising Brand in the Audio Category’ at Device Next Summit 2023, today announced its strategic expansion into India’s rapidly growing car accessories market. This bold move aims to revolutionize the driving experience for millions of Indian motorists by offering premium audio and lighting solutions that seamlessly blend innovation, quality, and affordability.

Since its inception in 2014, Toreto has been a driving force in the audio industry, consistently delivering cutting-edge products that anticipate and exceed consumer expectations. The company’s remarkable success in mobile accessories has set the stage for this exciting venture into automotive technology, where Toreto is poised to bridge the long-standing gap between high-end performance and accessibility in car audio and lighting systems.

Market Dynamics and Growth Potential:

The Indian car accessories market is experiencing a period of unprecedented growth, fueled by a perfect storm of economic and social factors. Rising disposable incomes, coupled with an increasing rate of car ownership and a growing appetite for vehicle personalization, have created a fertile ground for innovation in this sector.

Recent industry reports paint a compelling picture of the market’s potential:

The Indian automotive accessories market, valued at approximately $8 billion in 2020, is projected to reach a staggering $18 billion by 2026. This represents a compound annual growth rate (CAGR) of over 14% during the forecast period, significantly outpacing many other sectors of the Indian economy. The in-car entertainment segment, which includes audio systems and car lighting, is expected to be one of the fastest-growing categories within this market.

“The car accessories market in India represents not just an opportunity, but a transformation in how Indians view their vehicles,” said Mr. ⁠Avi Gilhotra – Founder & Managing Director – Toreto Car Accessories. “Cars are no longer just a means of transportation; they’re becoming extensions of our personal spaces and expressions of our individuality. With the automotive sector rebounding strongly post-pandemic and consumers increasingly seeking to personalize their vehicles, we’re entering this space at an optimal time. Our proven track record in audio technology uniquely positions us to meet the sophisticated demands of both Indian car enthusiasts and everyday drivers.”

Toreto’s Competitive Edge:

By leveraging its established brand reputation and deep expertise in audio technology, Toreto is exceptionally well-positioned to capture a significant share of this burgeoning market. The company’s unwavering focus on marrying premium quality with affordability resonates strongly with the Indian consumer base, which has long sought high-performance products that offer genuine value for money.

“At Toreto, we’ve always believed that superior audio quality should be a standard, not a luxury,” emphasized Mr. Kashish Lalit – Co Founder & Director – Toreto Mobile Accessories & Audio Products. “Our entry into the car accessories market is a natural progression of our core mission: to ensure that no beat goes unheard, whether you’re at home, on the go, or behind the wheel. We’re not just selling products; we’re enhancing lifestyles and creating experiences.”

Revolutionary Product Line:

Toreto’s car accessories line is set to redefine the driving experience with a comprehensive range of innovative products meticulously designed to cater to the diverse needs of India’s vast and varied automotive market. From state-of-the-art sound systems that transform every journey into a private concert, to car lighting solutions that create the perfect atmosphere for any drive, each product in the lineup embodies Toreto’s unwavering commitment to excellence and user-centric design.

Key features of Toreto’s groundbreaking car accessories line include:

Premium Sound Quality: With its extensive audio technology expertise, Toreto brings concert-hall clarity to car interiors. Advanced sound staging techniques and custom-tuned speakers ensure an immersive listening experience that adapts to different music genres and personal preferences.

Innovative Lighting Systems: Toreto’s smart car lighting solutions go beyond mere aesthetics. With customizable color options and intelligent modes that respond to music and driving conditions, these systems enhance both the visual appeal and safety aspects of the vehicle interior.

Seamless Integration: Toreto has engineered its products for universal compatibility, recognizing the diverse range of vehicles on Indian roads. The accessories, from compact hatchbacks to luxury SUVs, are designed for easy installation and intuitive operation across various car models.

Durability and Reliability: Built to withstand the unique challenges of Indian driving conditions, including extreme temperatures and varied road quality, Toreto’s car accessories promise long-lasting performance without compromising on quality.

Affordable Luxury: Staying true to its core values, Toreto offers these premium features at competitive price points. This approach democratizes access to high-end car tech, allowing a wider segment of Indian consumers to enjoy a luxury driving experience.

Smart Connectivity: Embracing the digital age, Toreto’s products feature advanced connectivity options, including seamless smartphone integration, voice control capabilities, and compatibility with popular digital assistants.

Market Impact and Consumer Benefits:

The launch of Toreto’s car accessories line is pivotal in the Indian automotive landscape. As vehicle ownership rises and urban traffic challenges persist, consumers spend more time in their cars than ever before. This shift has intensified the demand for personalized, high-quality in-car experiences that can transform daily commutes and long journeys.

“Our extensive market research unveiled a clear frustration among Indian drivers with the limitations of stock audio and lighting systems,” explained Mr. Pankaj Narang – Chairman at Toreto. “We identified a significant opportunity to apply our expertise in creating compact, high-performance audio devices to the automotive space. The result is a line of products that will not just improve, but truly transform every drive into an extraordinary experience.”

Lifestyle Enhancement and Brand Philosophy:

Toreto’s expansion into car accessories aligns seamlessly with its overarching philosophy of promoting a balanced, enjoyment-filled lifestyle. In a world increasingly dominated by the “hustle culture,” Toreto recognizes the importance of creating moments of joy and relaxation in everyday life.

“We understand that in today’s fast-paced world, the time spent in one’s car should be more than just a transition between destinations,” added Mr. Avi Gilhotra. “It’s an opportunity for rejuvenation, enjoyment, and even creativity. Whether it’s through crystal-clear music playback that helps you unwind after a long day, or mood-enhancing lighting that energizes you for an important meeting, our products are designed to help drivers and passengers alike seize every moment and make the most of their journeys.”

This ethos is encapsulated in Toreto’s brand mantra of “Carpe Diem” – seizing the day and living life to the fullest. By extending this philosophy to the automotive space, Toreto is not just selling products; it’s offering an elevated lifestyle that resonates with the aspirations and values of modern Indian consumers.

Looking Ahead:

As Toreto continues to push the boundaries of innovation in personal and automotive audio solutions, the company remains steadfast in its commitment to its core values of quality, affordability, and user satisfaction. This latest venture into the car accessories market represents not just a new product line, but a bold step towards shaping the future of in-car experiences in India.

The new line of Toreto car accessories will be available through authorized dealers and select online platforms starting today. For more information about Toreto and its groundbreaking products, visit www.Toreto.com.

About Toreto:

Founded in 2014, Toreto has rapidly established itself as a leading innovator in the audio technology industry. Known for its premium yet affordable products that deliver exceptional sound quality, Toreto has consistently stayed ahead of market trends. From mobile accessories to car tech, Toreto is committed to enhancing the audio experience for all users, a dedication that has earned it accolades such as ‘Most Promising Brand in the Audio Category’ at Device Next Summit 2023.

For further Information

Keshav Bhardwaj

9899863898

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Surat (Gujarat) [India], August 13: BigBloc Construction Limited, one of the largest manufacturers of Aerated Autoclaved Concrete (AAC) Blocks and Panels in India has reported consolidated net profit of Rs. 3.03 crore (PAT margin 5.80%) for the Q1 FY 2024-25 ended June 2024. Revenue from Operations during Q1 FY 2024-25 was reported at Rs. 51.57 crore. EBITDA for Q1 FY2024-25 stood at Rs. 9.65 crore (EBITDA Margin 18.71%). EPS for Q1FY25 stood at Rs. 0.62 per share.

Highlights

• Company has recommended 1:1 Bonus Issue to reward existing shareholders, enhance liquidity, and expand the shareholder base.
• Company has reported 5 year CAGR of 19% in Sales and over 80% in Net Profit
• For FY24, company reported Revenue of Rs. 243.2 crore, EBITDA of Rs. 56.15 and PAT of Rs. 30.69 crore

The above Net Profit i.e. PAT is after set off of Loss of Rs. 2.83 Cr. of JV Company, SIAM Cement BigBloc Construction Technologies Private Limited in which Bigbloc Construction Limited holds 52% stake while SCG International India Private Limited holds 48% stake. Net Profit attributable to the Company is Rs. 4.39 Cr.

Incorporated in 2015, BigBloc Construction Ltd is one of the largest and only listed company in the AAC Block Space. BigBloc operates four AAC plants: one in Umargaon District: Valsad, Gujarat, second in Wada, Maharashtra, and third in Kapadvanj, District Kheda, Gujarat. The new facility in Kheda is the company’s fourth plant, uniquely equipped to manufacture both AAC blocks and the innovative AAC wall. With this Joint Venture company’s total capacity has increased to 1.3 Million CBM/Annum. It is among the very few companies in AAC industry to generate carbon credits.

Mr. Narayan Saboo, the Chairman, Bigbloc Construction Ltd said, “Our company is making significant strides in its long-term growth roadmap, positioning ourselves as a leader in the AAC block industry in India. With projects at Kapadvanj and Wada progressing on schedule, we’re set to transform the market. To reward our loyal shareholders and enhance liquidity, the board has recommended a bonus issue, reinforcing our equity base. We remain focused on innovation, operational efficiency, and sustainability, which will drive future growth and value for all stakeholders.”

The Company in its board meeting on July 19, 2024 has recommended issue of bonus equity shares in the ratio of 1:1 i.e. one bonus equity share for every one existing equity share held by the shareholders of the company as on the record date, subject to the approval of shareholders at the AGM on August 29, 2024. The bonus issue is aimed at rewarding existing shareholders, enhance liquidity, and expand the shareholder base. Free reserves of Rs. 28.31 crore will be utilized for the Bonus Issue. Subject to obtaining necessary approvals, the bonus shares shall be credited within 2 months from the date of the Board approval i.e. on or before September 18, 2024.

“The company experienced flat volume growth in Q1FY25 due to market disruptions linked to the Holi festival and delays associated with the Loksabha Elections. These disruptions particularly impacted the West and North regions, where migrant labor is essential. Additionally, in Ahmedabad and Gandhinagar, construction activities were paused for 4 to 5 hours daily in May 2024 due to extreme heat, in line with Municipal Corporation guidelines, which affected the demand for blocks. Moreover, the Umargaon plant has been undergoing a planned temporary shutdown for technology upgrades since May 18, 2024.

Profitability during the quarter remained under pressure as the company had incurred expenses for inauguration and product launch and various other markeing related expenses of “ZMARTBUILD WALL” for the newly commercialised JV plant. Additionally, depreciation and other operating expenses have been charged for the full quarter, however, corresponding revenue generation has been less, added Mr. Saboo. ”

The board also approved the proposal of increasing the authorised share capital of the company to Rs. 30 crore divided into 15 crore Equity Shares of Rs. 2 each, subject to approval of the members and regulatory authorities.

Bigbloc Building Elements Pvt Ltd

• Bigbloc Building Elements Pvt Ltd, wholly owned subsidiary of the company aims to double the production capacity of Wada plant to 5 lakh cubic meter per annum in Phase 2 from existing 2.5 lakh cubic meter per annum. With a commitment towards keeping the carbon footprints to the lowest possible, company is installing a rooftop solar power project of 625 KW at is Wada Plant with an investment of Rs. 2.5 crore. The capacity utilisation at Bigbloc Building Elements Private Limited for the first quarter was 78%.

• The installed capacity has increased from 300,000 CBM to 400,000 CBM per annum from 1st June 2024. The Plant is undergoing further capacity expansion, which will the increase installed capacity to 500,000 CBM. The same is planned to be completed within 2 months.

• Committed to the Green Initiative and fostering a sustainable environment while reducing carbon footprint, has decided to install a rooftop solar power project of 625 Kilo Watts.

SIAM Cement Big Bloc Construction Technologies Pvt Ltd

• SIAM Cement BigBloc Construction Technologies Pvt Ltd, a joint venture between BigBloc Construction Ltd and Thailand’s SCG International, has launched its India operations with a Rs. 65 crore investment in Kheda, Gujarat. The company inaugurated India’s first AAC Wall Plant on June 10, 2024, producing large-format AAC Wall products ranging from 8 to 12 feet in length, 2 feet in width, and 3 to 8 inches in thickness.

• The plant, with a capacity of 2.5 lakh cubic meters annually, is expected to generate Rs. 100 crore in revenue at full capacity. The joint venture aims to expand to 5 lakh cubic meters per year in the second phase, fostering innovation in the Indian construction market.

• Company has launched new products in the market under the brand name “ZMARTBUILD WALL by NXTBLOC”. The plant has started recently and has been facing teething issues since it is a new product.

For FY24, company has reported consolidated net profit of Rs. 30.69 crore. Revenue from operations during FY24 was reported at Rs. 243.22 crore, rise of 21.55% Y-o-Y as compared to operational revenue of Rs. 200.11 crore in FY23. EBITDA for FY24 stood at Rs. 56.15 crore, rise of 12.29% as against EBITDA of Rs. 50.01 crore. The Company has reported a strong operational and financial performance with a 5 year CAGR of 19% in Sales and over 80% in Net Profit.

Sustainable and non-toxic building construction material, AAC blocks and AAC Walls are lightweight, soundproof, and fire resistant, offer superior build quality, eco-friendly and economical too compared to traditional bricks.

BigBloc Construction Limited is India’s leading AAC block manufacturing company. The Company markets its products under the brand name ‘NXTBLOC‘. The company has executed over 2,000 projects so far and has another 1,500 plus in the pipeline. The company’s clients include Lodha, Adani Realty, IndiaBulls Real Estate, Prestige, Piramal, Oberoi Realty, Shirke Group, Shapoorji Pallonji Group, Raheja, PSP Projects, L&T, and Sunteck, Sethia Infrastructure Pvt Ltd, Dosti Group, Purvankara Ltd among others.

During the quarter company added new customers including Aurum Girnar Pvt Ltd, Unique Spaces, Aishwaryam Group, Bhoomi Pratishta by Bhoomi Group, Soham Infra Build Pvt Ltd, Kaavyaratna Pravesh LLP, Riviera, Trine Projects India Pvt Ltd, Darshanam Realty, Gamara Buildcon Pvt Ltd among others.

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New Delhi (India), August 13:  Aayush Wellness Limited, formerly Aayush Food and Herbs Limited, has reported its best quarterly earnings in the quarter ended June 30, 2024. The company achieved an impressive 6300% y-o-y topline growth and 183.56% y-o-y bottom line growth. Company’s total revenue stood Rs. 1110.56 lakhs vis-à-vis Rs. 17.35 lakhs in June 2023 and profit after tax stood at Rs 25.49 lakhs, vis-a-vis Rs 8.98 lakhs in the same quarter last year.

The Earnings Per Share (EPS) has also risen to Rs 0.79 per share vis-a vis Rs. 0.28 per share, reflecting a substantial 184% y-o-y rise. This notable growth was fueled by the successful expansion and enhancement of its product portfolio, alongside strong performance across its core business segments in the Healthcare and wellness sector. In the June 2024 quarter, the company achieved a Profit After Tax (PAT) of ₹25.49 lakhs, representing a substantial increase of 51.30% compared to the PAT of ₹16.85 lakhs recorded in the previous quarter (March 2024).

The company achieved total revenue of Rs 1110.56 Lakhs, representing an impressive growth of 6300% compared to Rs 17.35 lakhs in Q1 FY24. This surge was driven by increased demand for the company’s products and  existing services, coupled with the successful expansion into new markets.

Aayush Herbal Pan Masala has received an over whelming response from the market. Within a short span from its launch, the Company has been receiving orders for the herbal Pan Masala from all corners of India.

This Pan Masala, being a 100% natural and ayurvedic product, prioritizes consumer health and well-being by offering a gratifying taste experience. As a spit-free alternative this pan masala can play an important role in the “SWACCH BHARAT” mission.

Company is targeting the Gutka and Pan Masala Market which is valued at Rs. 44,973 Cr. The Gutka and Pan Masala Market is projected to grow at a compounded rate of 3.6% per annum. With increasing healthcare awareness and evolving customer preferences, Aayush Herbal Pan Masala offers a healthier alternative to traditional gutka and pan masala.

Given the significant size of the pan masala market in India, Aayush Herbal Pan Masala is well-positioned to seize a considerable portion of this market.

Mr. Kumar, Managing Director of Aayush Wellness Ltd, said, “Tobacco and supari-free herbal Pan Masala is growing very rapidly in the states where gutka & pan masala consumption is very high. We are selling this product through our website www.aayushwellness.com. Around 70-80% of the orders and inquiries are from Western, Central and Northern regions that account for 53% of India’s total pan masala consumption. Hence, we are now signing up distributors and other intermediaries in several cities to ensure that the product is available at local pan shops, as well as ayurvedic and general stores.

 The success of the herbal pan masala has laid down the foundation for us to introduce more health enhancing products and services in the future.”

Aayush Wellness remains committed to delivering long-term value to its stakeholders and is confident that this strategic initiative will further strengthen its market position and enhance shareholder wealth.

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