Tag: Business

  • Zapllo Technologies Launches Task Delegation App

    Zapllo Technologies Launches Task Delegation App

    New Delhi (India), August 13: Zapllo Technologies Private Limited, an automation solutions company, is thrilled to announce the launch of its Task Delegation app, providing business automation solutions for businesses on a budget. With Zapllo Technologies’ business automation solutions, the company hopes to provide much-needed business operations support and streamline business operations to help businesses drive more success.

    The budget-friendly app aims to improve communication and collaboration in a business environment and enhance internal workflows. Using cutting-edge solution for task delegation with the help of whatsapp and email automation coupled with whatsapp marketing, Zapllo can level up business success by improving internal workflow, resource allocation and maximising the productivity of business owners to 10x.

    The app has been developed to harness the immense power of Whatsapp that allows businesses to streamline their operations and ensure efficient communication, guaranteeing every business can enjoy advanced Whatsapp automation and engage in a consistent and personalized communication. From eliminating operational chaos to boosting customer engagement and sales, Zapllo can allow businesses on a budget to make the most of innovative technologies and save valuable time. 

    At Zapllo we believe on the fact that automation and upgradation of the workflow in all businesses can do wonders. The utility app by Zapllo Technologies integrates with Whatsapp and Gmail to facilitate better interaction and seamless commerce experience. It can help MSMEs maximize their profitability with automation capabilities ensuring 10X increase in sales, profits of businesses and streamlining their internal productivity.

    The new business automation app designed by Shubhodeep Banerjee, the driving force behind Zapllo, and his team, ensures the company delivers innovative and tailored solutions to MSMEs, ranging from tech enthusiasts to SMEs and SMBs. Shubhodeep envisions to set Zapllo Technologies apart from its competitors with custom and done-for-you models for all kinds of MSMEs. Shubhodeep has an IT experience of about 7 years and have trained & mentored business owners across the globe.

    “The business automation solutions offered by the Zapllo helps customers to propel businesses forward as well as streamline their operations and productivity with Whatsapp and at the same time improve communication and collaboration,” says the company’s Founder, Shubhodeep Banerjee. “We want to save time and even reduce manual effort of MSME’s through our app that utilizes Whatsapp, Gmail and custom automations also MSMEs play a vital role in driving economic growth and innovation, and their adaptation to automation is crucial for their growth and success in the era of Industry 4.0” adds the Co-Founder.

    Zapllo’s Task Delegation App is all set to be launched by the end of August for all MSMEs, SMEs, SMBs and to larger businesses. The new utility app can automate and upgrade business workflows to 10x and can save business owners upto 5 hours of daily time and effort managing and running their business. Click the link for a free 7 day trial of our new product –

    https://zapllo.com/signup

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  • Atharv Aaradhyam Sets a Green Standard with IGBC Gold Status

    Atharv Aaradhyam Sets a Green Standard with IGBC Gold Status

    New Delhi (India), August 13: Atharv Aaradhyam, a prestigious residential project by Atharv Lifestyle located in Andheri East, Mumbai, is redefining luxury living with its latest achievement of IGBC Gold Certification. Situated amidst Mumbai’s bustling hotspot, this project spans across 1.5 acres and comprises 229 luxurious units, offering configurations from 2 to 4 BHK and Jodi apartments.

    Atharv Aaradhyam integrates a range of green features to harmonise modern comfort with environmental sustainability. These include extensive landscaping, solar electrification, rainwater harvesting, and a wastewater treatment plant. The project also facilitates electric vehicle charging and incorporates high-performance glass and insulated roofs, ensuring energy efficiency and reduced environmental impact.

    Atharv Aaradhyam’s IGBC Gold Pre-Certification underscores its commitment to eco-friendly practices. This recognition from the Indian Green Building Council (IGBC) reflects its adherence to stringent environmental norms and sustainable building strategies. Residents can enjoy well-lit and ventilated homes constructed using low VOC materials, promoting a healthier indoor environment. Established by CII in 2001, IGBC aims to promote sustainable built environments across India. As a founding member of the World Green Building Council, IGBC’s certifications are internationally recognized, making projects like Atharv Aaradhyam integral to India’s green building movement.

    Going greener is crucial for the well-being of our planet and future generations. Green buildings significantly reduce the carbon footprint by minimizing CO2 emissions through reduced energy consumption and waste generation. They help conserve water resources using technologies like rainwater harvesting and desalination. Additionally, green buildings significantly decrease pollution levels and waste generation, contributing to cleaner and healthier cities. The benefits of these sustainable practices are recognized by governments, as seen with the Ministry of Environment, Forest and Climate Change (MoEFCC) in India offering fast-track environmental clearance for IGBC-certified projects.

    “With a completion date set for the end of 2025, Atharv Aaradhyam not only promises luxurious living but also strives for a greener future,” said director Shailesh Shah. The project emphasizes connectivity with proximity to key transportation hubs such as Chhatrapati Shivaji Maharaj International Airport, Andheri Metro Station, and the Western Express Highway, ensuring convenience for residents.

    Incorporating green features in buildings should be considered essential rather than optional. These sustainable practices benefit the environment and enhance residents’ quality of life, making projects like Atharv Aaradhyam a benchmark for future developments.
     
     Atharv Lifestyle is not just constructing buildings; it is on a mission to redefine the skyline of Mumbai and elevate the standard of living for its residents. With projects like Atharv Aaradhyam, the brand is setting new benchmarks in sustainable luxury living. As Atharv Lifestyle continues to innovate and incorporate sustainable practices, it is poised to transform Mumbai’s real estate landscape and inspire healthier, more eco-friendly lifestyles for its residents.

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  • Reseal celebrates innovation and excellence with Bharat Udyog Ratna 2024

    Reseal celebrates innovation and excellence with Bharat Udyog Ratna 2024

    Mumbai (Maharashtra) [India], August 12:  The very first “Bharat Udyog Ratna 2024”, organised by leading market research agency Reseal.in and recognised by the government, celebrated innovation and excellence by honouring 38 exemplary individuals, including 31 distinguished entrepreneurs, who have made significant contributions to their respective fields.

    Held in Mumbai, the financial capital of the nation, the Bharat Udyog Ratna 2024 event not only celebrated the achievements of industry leaders but also highlighted the positive impact of quality services in oncology, enhancing the lives of cancer patients. The government’s recognition of these efforts underscores the importance of such initiatives in advancing India’s industrial and healthcare sectors.

    Eminent actress Shriya Saran, who has made her mark in Bollywood with key roles in Awarapan, Drishyam, Drishyam 2, Showtime and other movies, honoured the industry’s luminaries and presented the awards to them.

    Speaking on the occasion, Sudhir Pathade, Founder and CEO of Reseal.in and the driving force behind the event, emphasised the need for industries to embrace unique ideas and offer top-notch products and services to stay competitive.

    Ruby Rani and Siddhartha Dikshit with Actress Shriya Saran and Sudhir Pathade

    “In today’s globalised economy, it is essential for Indian industries to not only excel in the domestic market but also on an international scale and make the most of the growth opportunities. Numerous initiatives have been undertaken to strengthen and empower the industrial sector and the Indian economy. We are happy to play our role in recognising and honouring the pioneers and contributing to a robust and prosperous industry,” Mr. Pathade said.

    Reseal.in has been at the forefront of these efforts, launching numerous initiatives to encourage the industrial sector and bring together industry leaders from across the nation. With a remarkable track record of honouring over 70,000 entrepreneurs and more than 4,000 industrialists from various sectors, Reseal.in continues to play a pivotal role in driving innovation and excellence in India.

    The “Bharat Udyog Ratna 2024” was graced by prominent figures, including Siddhartha Dikshit of ERP.BZ, the event sponsor, and Ruby Rani, CEO of Midaira Pharmaceuticals, the Associate Sponsor specialising in oncology medicines, among many others.

    By recognising the achievements of leading industries, the event also celebrated India’s diverse culture and collective efforts to empower the economy. The initiative by Reseal.in is set to inspire the industrial sector and elevate the Indian economy to new heights.

    The list of Awardess is as follows:

    • India’s Best Pharmaceutical Company – Medyra Pharmaceutical
    • Most Trusted Paralysis & Rehabilitation Center In India – Niramay Paralysis And Rehabilitation Center
    • Best Cafe In Mumbai – Dr Amit Kitchen & FLAVOURZY
    • Best Logistics Service Provider of The Year – SRBS International Logistics Solutions Pvt LtdOne Of The Leading
    • Edible Oil Trader In Madhya Pradesh- Vivek Traders
    • Excellence Contribution Towards Legal Services In India- La Mintage Legal LLP
    • Most Trusted Dispute Resolution Service Provider In India – Dispute Resolution Hub LLP
    • Best Multi-Speciality Hospital In Pune – Suvidha Multi-Speciality Hospital And ICU
    • One Of The Leading Security Management Services Provider Company In India – Kedar Security Services Pvt Ltd
    • Best ERP Solution to all Businesses for Integration Capabilities, Analytics & Reporting, Security Features & Implementation – ERP.BZ By ILICO SERVICES LIMITED
    • Most Renowned Interior Designer Company In Telangana – Most Renowned Interior Designer Company In Telangana
    • Best Spices Brand In Bihar – Old Champaran Meet House (BMH Magic Masala)
    • One Of The Leading Manufactrure & Wholesaler a Wide Range Of Microfibre Towel & Microfibre Cloth Rolls In India – Chamunda Weaves Private Limited
    • One Of The Leading Pharmaceutical Company In Gujarat – Pride Healthcare LLP
    • One Of The Leading Interior Designer Company In Telangana – Paviz Interiors
    • One Of The Leading Engineering Equipment & Tools Manufacturing Company In Chhattisgarh – Koshi Udyog
    • Best Packaging Material Manufacturing Company In India – Dzinepack
    • One Of The Leading Irrigation Pipe Manufacturing Company In Maharashtra – Mahesh Krushi Udyog Private Limited
    • Best Fire Service Institute of The Year- National Council of Fire Service Engineering
    • Excellence Contribution Towards Social Activities – Shaskiya Swanirman Vishwayuva Sankalp Foundation
    • Best OT Equipment & Hospital Furniture Manufacturing Company Of The Year – Shri Balaji Diamond Industries ( Diamond Surgicals )
    • Best Recruitment Company In Bangalore – Infiway Global
    • One Of The Leading Planetary Products Manufacturer & Exporter Company In India – Sumiko Enterprises
    • Excellence In Manufacturing Premium, Durable & High-Performance Water Storage Solutions For Residential & Commercial In Hyderabad – V-Flow Water Storage Tanks
    • Best Coaching Classes Of The Year – Parishram Classes
    • Best Customized Gifts & Fashion Wear supplier In Andhra Pradesh – SPD Mini Creations
    • Best Innovation in Technology & Mobile Accessories Manufacturer In Madhya Pradesh – Tikaou Accesssories Hub Private Limited
    • Excellence Contribution Towards In Educational Consultancy In India – Dreamfly Education consultations
    • Best Work in the Labour Sector  – R. Pawar Enterprises
    • Emerging Startup Of The Year – FastInfo Class ( FastInfo Private Limited)
    • Foremost Promising Paranormal Healer in Occult Science In India – Dr.Ronnie Pinto
    • Most Renowned Plantation Nursery In Maharashtra – Abhay Nursery & Farm
    • Best Celebrity Management Company – Digitalentio
    • Best Engineering Service Provider Company In India – AKRIVIS Engineering And Construction Private Limited
    • Excellence In Integrated & Manpower Solution Services Provider Company In Maharashtra – Global Total Solution
    • Kadam Classes & Integrated Academy –Most Trusted Educational Institute In Maharashtra
  • Discover NCR’s Finest Property, Ambience Creacions with Ambience Group Owner

    Discover NCR’s Finest Property, Ambience Creacions with Ambience Group Owner

    “Welcome to Ambience Creacions, where luxury meets convenience to redefine your lifestyle,” invites Ambience Group Owner.

    New Delhi (India), August 12: Ambience Creacions offers a unique living experience and is well-positioned on the bustling Old Delhi-Gurugram Road close to the Delhi-Gurugram border. This prestigious residential enclave spans across lush greenery, embodying superior craftsmanship and modern living. According to Ambience Group Owner, “Ambience Creacions exemplifies a lifestyle that seamlessly integrates sophistication with practicality, ensuring residents enjoy the epitome of luxury.”

    Architectural Excellence

    With twenty imposing towers that reach up to G+18 stories each, Ambience Creacions is a towering structure. All of the residences, which range in size from 2, 3 and 4 BHK apartments and penthouses, , are designed to optimise natural light and panoramic views. “Our architectural vision focuses on blending aesthetic appeal with functional efficiency, providing residents homes that elevate their lifestyle,” emphasizes Ambience Group Owner.

    Unmatched Luxury and Amenities

    Treat yourself to a wide range of facilities made to meet all your needs. Ambience Creacions redefines luxury living, with amenities including air-conditioned condominiums and hydraulically pressurised water systems that guarantee continuous supply. The clubhouse is a state-of-the-art facility that offers sports, entertainment, dining, and leisure opportunities. “We prioritize the comfort and convenience of our residents, enriching their everyday lives through thoughtful amenities,” states Ambience Group Owner.

    Prime Location and Connectivity

    Ambience Creacions is ideally located near NH-8, only 2 km away, providing easy access to Delhi and the larger NCR area. With rapid metro access nearby and close proximity to Colombia Asia Hospital and major roadways like Old Delhi-Gurugram Road, residents enjoy effortless commuting and access to essential services. “The strategic location of Ambience Creacions enhances convenience and value, making it an ideal choice for discerning homeowners,” remarks Ambience Group Owner.

    Lifestyle and Recreation

    Residents of Ambience Creacions have the advantage of being close to upscale lifestyle establishments like the Leela Ambience Five Star Deluxe Hotel and Ambience Mall. These locations offer not just shopping and dining but a complete leisure experience. From high-end retail outlets to gourmet restaurants and entertainment options, Ambience Creacions provides a neighborhood enriched with premium lifestyle amenities. “Our vision goes beyond luxurious homes; we aim to create a community where residents can indulge in world-class facilities right at their doorstep,” highlights Ambience Group Owner.

    Commitment to Quality and Innovation

    The Ambience Group’s dedication to perfection in every aspect is personified by Ambience Creacions. The project sets a standard for quality and innovation with its 20 kilometres of Grade A steel railing and more than 20 lac sq feet of Italian marbles. These materials not only enhance the aesthetic appeal but also ensure durability and sustainability, reflecting Ambience Group’s dedication to providing an exceptional living experience. “Quality craftsmanship and innovative design are integral to our philosophy, ensuring that Ambience Creacions stands out as a symbol of luxury and reliability,” affirms Ambience Group Owner.

    Investment Potential

    “Ambience Creacions provides a compelling opportunity for both homeowners and investors,” says Ambience Group Owner. The project, located in one of Gurgaon’s most desirable areas, offers more than just a place to live; it also promises an investment opportunity. Ambience Creacions’ strategic location near major corporate offices, educational institutions, healthcare facilities, and entertainment hubs positions it for significant property value growth. “Investing in Ambience Creacions means investing in a future of growth and prosperity,” emphasizes Ambience Group Owner. Whether you’re looking for a dream home or a profitable investment, Ambience Creacions offers both.

    Ambience Creacions offers a lifestyle of unparalleled luxury and convenience, with every detail carefully designed to exceed your expectations. As Ambience Group Owner aptly states, “Ambience Creacions redefines urban living by seamlessly blending sophistication with practicality, ensuring residents experience the pinnacle of luxury.” Explore Ambience Creacions today and improve your standard of living in one of Gurgaon’s most prestigious residential areas.

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  • Critical care – Broach Lifecare Hospital Ltd plans Rs. 402 Lacs IPO opens on August 13, 2024

    Critical care – Broach Lifecare Hospital Ltd plans Rs. 402 Lacs IPO opens on August 13, 2024

    Bharuch (Gujarat) [India], August 12:  Broach Lifecare Hospital Ltd operating 2 boutique hospitals under the brand name “Maple Hospitals at Bharuch and Ankeleshwar, is planning to raise up to Rs. 4.02 crores through its SME IPO. Shares of the company will be listed on the SME platform of BSE Ltd (BSE SME). The public issue open for subscription on August 13 and closes on August 16. Funds raised through the issue will be used for business operations including purchase of machineries, development of medical tourism web portal. Fedex Securities Limited is the Book Running Lead Manager to the issue.

    Company is offering 16.08 lakh Equity shares of Rs. 10 each in the price of Rs. 25 per share; Company to list on SME Platform of BSE Ltd (BSE SME)

    The initial public offering of Rs. 4.02 crores consist of a fresh issue of 16,08,000 equity shares of Rs. 10 each in the price of Rs. 25 per share. Minimum lot size for the application is 6,000 shares which translates in to investment of Rs. 1.5 lakh per application.

    Broach Lifecare Hospital Limited operates boutique hospitals under the brand name “Maple Hospitals”. The company provide dedicated 24 hours services to patients with heart ailments, including non-invasive cardiology services such as 2D Echocardiography, Electrocardiography, Treadmill Test, Holter monitoring, Ambulatory Blood Pressure Measurement, Stress test, and Dobutamine Stress Echocardiography.

    The Bharuch hospital has 40 ultra-luxury in-patient beds and is equipped with diagnostic devices for various tests. It also provides high-end coronary care and life-saving equipment such as Intra-aortic Balloon Pump Machine, Biphasic Defibrillator, and Ventilators. As of August 2024, the company’s hospitals are affiliated with 4 PSU insurance companies, 15 private insurance companies, and 8 third-party administrators (TPAs) and Ayushman Bharat.

    The company’s hospitals are NABH-certified as small primary-level healthcare organizations. Additionally, they have received certification from the Atomic Energy Regulatory Board for the PACS System and a fire safety certificate from local regulatory bodies to ensure patient safety. They are also a member of Globe Bio Care for biomedical waste disposal.

    For the financial year ended on March 31, 2024, Company reported revenue from operations at Rs. 260.58 lakh, EBIDTA Rs. 102.61 lacs and net profit of Rs. 69.76 lakh.

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  • Lincoln Pharmaceuticals Ltd reports Standalone Net Profit of Rs. 23.67 crore in Q1 FY25, growth of 24.51 Percent Y-o-Y

    Lincoln Pharmaceuticals Ltd reports Standalone Net Profit of Rs. 23.67 crore in Q1 FY25, growth of 24.51 Percent Y-o-Y

    Ahmedabad (Gujarat) [India], August 10:  Lincoln Pharmaceuticals Limited, one of India’s leading healthcare companies has continued to report excellent operational and financial performance for Q1 FY 2024-25 ended 30th June 2024. Company has reported a standalone net profit of Rs. 23.67 crore for the Q1 FY 2024-25 as compared to the net profit of Rs. 19.01 crore reported in Q1 FY2023-24, growth of 24.51% Y-o-Y. Total income for the quarter ended June 2024 was reported at Rs. 157.69 crore, higher by 10.03 % Y-o-Y over total income of Rs. 143.31 crore ssin Q1 FY2023-24. EBITDA for Q1FY25 was reported at Rs. 33.14 crore as compared to EBITDA of Rs. 28.41 crore in Q1FY24, growth of 16.65 % Y-o-Y. EPS for Q1FY25 was at Rs. 11.37 per share.

    Business Highlights:

    • Total Income for Q1FY25 rise 10.03% Y-o-Y to Rs. 157.69 crore: EBITDA was up 16.65% Y-o-Y to Rs. 33.14 crore. 
    • FIIs steadily raised holding in the company to 3.95% as of June 2024 from 1.74% as on June 2023.
    • Company achieved milestone of Profit Growth Every Single Year from FY13 to FY24.
    • Company is targeting revenue of Rs. 750 crore in FY26.

    Financial Highlights (Standalone)

            (Amount in Cr except EPS)

    During FY24, Net Profit of the company rise 28.6% Y-o-Y to Rs. 93.37 crore, EBITDA up 20.3% to Rs. 134.33 crore and Total Income rise 15.43% to Rs. 614.97 crore. For FY24, company has reported its Best-ever results in a financial year with highest – Revenue, EBITDA and Net Profit.

    With focused growth strategies and business expansion plans for value added products and expanding to newer markets, company is targeting revenue of Rs. 750 crore in FY26. As of June 2024, Foreign Institutional Investors (FIIs) have also steadily raised their holding in the company to 3.95% from 1.74% as on June 2023.

    Mr. Mahendra Patel, Managing Director, Lincoln Pharmaceuticals Limited, said, “Company has delivered exceptional operational and financial results in the first quarter of the fiscal year 2025. Both domestic and export operations have shown robust growth. We are confident to enhance profitability and margins going forward while sustaining strong growth trajectory. With a pipeline of new product launches for both domestic and international markets, coupled with strategic expansion into new territories, company aims to strengthen its market position and achieve its revenue target of Rs. 750 crore by the end of the fiscal year 2026.”

    Lincoln’s commitment to expanding its global footprint while meeting diverse healthcare needs. Going forward the company is focus is on enhancing offerings in lifestyle, chronic, women’s healthcare, and dermatology, alongside the existing acute care lineup. Lincoln showcases its dedication to innovation and growth through a robust portfolio boasting over 1,700 registered products, with 700 more in development.

    Over the last 5 years, company has delivered over 13% CAGR in profits and higher single digit growth in sales. The company has been successful in increasing its profit margins from around 13% in FY19 to over 16% in FY24. Company is also ranked among a very few companies to achieve a profit growth every single year from FY13 to FY23. It is among only 16 companies out of 4,200 plus listed companies in the Indian stock exchange to do so as per the analysis of Morningstar.

    Lincoln exports to 60+ countries spanning East & West Africa, Central & North America, Latin America, and Southeast Asia. With recent entry into the Canadian market and approvals from TGA – Australia and EU GMP, the company is poised for further global expansion, while also aggressively pursuing product registration for its Cephalosporin plant in Mehsana. These initiatives align with the company’s revenue target of Rs. 750 crore for FY26.

    Lincoln Pharma has a state-of-the-art manufacturing facility unit at Khatraj in Ahmedabad, Gujarat, complying with stringent international quality and compliance norms and certified by EUGMP, TGA, WHO-GMP; ISO-9001:2015, ISO-14001:2015 and ISO-45001:2018. Company has developed 600 plus formulations in 15 therapeutic areas and has a strong product/brand portfolio in anti-infective, respiratory system, gynaecology, cardio & CNS, anti-bacterial, ant-diabetic, anti-malaria among others. Company has filed 25 plus patent applications and is awarded with seven patents.

    Lincoln Pharmaceuticals Limited: https://www.lincolnpharma.com/

    Providing Affordable and Innovative medicines for healthier lives.

    Lincoln Pharmaceuticals Limited is one of the leading healthcare companies in Gujarat, India. Established in the year 1979, the company develops and manufactures affordable and innovative medicines for healthier lives. The company has developed 600 plus formulations in 15 therapeutic areas and has a strong product/brand portfolio in anti-infective, respiratory system, gynaecology, cardio & CNS, anti-bacterial, anti-diabetic, anti-malaria among others. Company has over 1,700 registered products and another 700 in pipeline. The company has its strong presence in Domestic market with good strength of own field force and also exports to more than 60 Countries.  

    Company has developed many new drug delivery dosage forms over years and has a track record of launching many first-of-its-kind innovative products. Company works with vision for nurturing innovations and bringing them to Indian patients at affordable cost to create “Healthcare for All”.

    Lincoln Pharma has two state-of-the-art manufacturing facility units at Khatraj in Ahmedabad and Mehsana, Gujarat. Company’s manufacturing facilities comply with stringent international quality and compliance norms and certified by EUGMP, TGA, WHO-GMP; ISO-9001:2015, ISO-14001:2015 and ISO-45001:2018. Company is engaged in manufacturing of pharma formulations like Tablets, Capsules, Injectables, Syrups, Ointments, etc.

    Company’s key strength is embedded in its cutting-edge research and development capabilities. The company has a strong R&D team including 30 plus scientists. It has filled 25 plus patent applications and is awarded seven patents. R&D facility of the company is recognised by the Department of Scientific and Technology, Government of India and furnished with state-of-the-art devices and equipment for internal physical, chemical and microbiological analysis of all products.

    Company has a strong presence in the domestic market nationally with a dedicated field force of over 600. Company has a wide national distribution network through 21+ Super Stockist in 26 states across India.

    Going green, the company has also set up a new 1 MW solar plant on the factory’s rooftop in addition to two windmills. This way, we are producing renewable energy for our consumption nearly 65%, resulting in significant savings in electricity costs and helping the company become a self-sustainable and environment-friendly organization.

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  • Unifinz Capital India Limited (lendingplate) tastes first ever Profit at 2.51 Crs in Q1, loan disbursal soars 450 Percent

    Unifinz Capital India Limited (lendingplate) tastes first ever Profit at 2.51 Crs in Q1, loan disbursal soars 450 Percent

    In Q1 FY2425, lendingplate disbursed ₹57 crores compared to ₹13 crores in Q1 FY2324

    FY2425 projections are ₹500 crores loan disbursal, with 5X revenue growth than FY2324

    New Delhi (India), August 10:  Unifinz Capital India Limited (formerly known as Shree Worstex Limited), aka lendingplate, a pioneering digital lending NBFC, turned profitable for the first time ever in the first quarter (Q1) of the fiscal year 2024-25. lendingplate reported a consolidated profit before tax of Rs. 2.51 crores for the quarter ending June 2024, compared to a loss of Rs. 52 lakhs in the year-ago period.

    Revenue from operations for the Delhi-based NBFC grew 262% year-on-year (YoY) to Rs. 15 crores in Q1FY25, up from Rs. 4.14 crores in the corresponding quarter a year ago. In the just concluded quarter, Unifinz Capital India Limited disbursed more than 25 thousand loans amounting to ₹56.67 cores. These figures represent not only 450% growth in business from the corresponding quarter of the previous year or 183% spike from the immediately preceding quarter but also that the Q1 FY25 business is more than 60% of its annual business of FY23-24. In the last 2 years since its inception, the company has rapidly emerged as a leading digital lending solution in the Non-Banking Finance Company (NBFC) sector, leveraging cutting-edge technology and robust financial expertise to serve a diverse clientele.

    Building on its momentum, Unifinz Capital India Limited is optimistic about its growth trajectory for the remaining quarters of FY24-25. The company expects to disburse loans exceeding ₹93 crores in Q2 alone, surpassing the previous year’s annual business and also gearing up for ₹500 crores of total loan disbursal in FY24-25. The company’s strategic initiatives and focus on leveraging advanced technology will continue to drive its success, providing unparalleled financial solutions to its growing customer base.

    Kaushik Chatterjee, CEO of UCIL, “Our Q1 performance is in line with our guidance, and we remain confident of our strong upcoming quarters in terms of both revenue and profitability. We are now geared for growth after the first round of automation of our entire loan journey. Our continued efforts in enhancing our digital platform and expanding our reach will help us achieve our targets and further strengthen our position in the market”

    About lendingplate: lendingplate, under Unifinz Capital India Limited, is a digital lending NBFC that offers unsecured personal loans up to ₹2,50,000 with flexible repayment options extending up to 15 months. Registered with the Reserve Bank of India, the platform provides instant loan approvals and disbursements in under 30 minutes, servicing more than 5000 pin codes across 250 major cities and towns in 17 states. lendingplate’s customer-centric approach and innovative digital solutions have made it a preferred choice for individuals seeking hassle-free financial assistance.

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