Tag: Business

  • Ceratec Group Launches Presidential Towers in Ravet, Pune

    Ceratec Group Launches Presidential Towers in Ravet, Pune

    Pune (Maharashtra) [India], July 30: Ceratec Group, a distinguished leader in Pune’s real estate sector has launched its latest residential project – Presidential Towers – in the thriving suburb of Ravet, Pune. This sprawling 4.1-acre development promises to redefine luxury living with its exquisite 2 and 3 BHK homes and a plethora of world-class amenities.

    Nestled in the heart of Ravet, Presidential Towers boasts a strategic location with seamless connectivity to key destinations. Homeowners will benefit from easy access to the Mumbai-Pune Expressway, Dehu Road, and proximity to renowned IT hubs like Hinjewadi, as well as educational institutions such as Symbiosis University and D.Y. Patil University, healthcare facilities like Ojas Hospital, shopping centers and more. 

    The project features thoughtfully designed units ranging from 727 sq.ft. to 1031 sq.ft., catering to the diverse needs of homebuyers. Each apartment is meticulously crafted to maximize space and comfort, with a focus on modern specifications and finishes. 

    Anand Agarwal, Managing Director of Ceratec Group, expressed his confidence in Presidential Towers, stating, “We believe this project will set new benchmarks for urban living with its exceptional amenities and world-class facilities.”

    The project boasts a plethora of amenities that redefine urban living. Residents can enjoy a state-of-the-art fitness centre, a refreshing swimming pool, lush green gardens, dedicated play areas, and much more. The development also features a clubhouse, a grand entrance gate, a gazebo, and a designer landscape, ensuring a holistic and enriching lifestyle.

    Ceratec Group, with its 25-year legacy in Pune’s real estate sector, is known for its commitment to quality, innovation, and customer satisfaction. The group’s diverse portfolio includes iconic residential complexes, commercial spaces, and mixed-use developments that have redefined luxury and sustainability in the city. The project is scheduled for possession in December 2025, making it an attractive investment option for those seeking a premium address in the heart of Ravet.

    Ceratec Group’s extensive portfolio of over 12 successfully completed projects across Pune underscores the developer’s strategic expansion and adaptability to market trends. With a proven track record of delivering high-quality projects and a steadfast dedication to innovation and sustainability, Ceratec Group remains a prominent leader in Pune’s dynamic real estate landscape.

    Website: https://ceratecgroup.com/   

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  • Serial Investor Gaurav Singhvi Joins The Lion’s Den Show, Aims to Democratise Entrepreneurship

    Serial Investor Gaurav Singhvi Joins The Lion’s Den Show, Aims to Democratise Entrepreneurship

    New Delhi (India) July 30 : India’s startup ecosystem is rapidly growing and has long needed a catalyst to democratise entrepreneurship across the nation’s diverse landscape. The concentration of opportunities in major metropolitan areas has left a wealth of talent and innovation untapped in smaller cities and towns. 

    Mr. Gaurav Singhvi, a serial investor and entrepreneur, has been investing in India’s evolving startup domain. With his extensive experience in investing and nurturing startups, Mr. Singhvi brings a fresh perspective. His focus on empowering entrepreneurs from tier 2, 3, and 4 cities aligns perfectly with India’s need for a more inclusive startup ecosystem. 

    Now, to amplify his impact, Mr. Gaurav Singhvi is joining the panel of investors on The Lion’s Den Show. This business reality show gives aspiring entrepreneurs a platform to pitch their ideas and secure investments.

    Beginning his career as a chartered accountant, he quickly pivoted to entrepreneurship at 24. “I come from a background where everyone in my family is in the service class. I am a first-generation entrepreneur,” Mr. Singhvi reflects on his early days.

    Inspired by his mentor’s words at Reliance Industries Limited – “the finest steel has to go through the hottest fires,” Mr. Gaurav Singhvi took the bold step of launching his own outsourcing company and CA practice. This marked the beginning of a 26-year professional career characterised by constant evolution and a willingness to embrace new challenges. 

    In 2015, Mr. Singhvi significantly shifted from entrepreneurship to investing in innovation. This decision came after a valuable learning experience with his online CA services portal. “I realised that either you innovate or invest in innovation. I chose the latter,” the investor explains.

    Since writing his first investment check in 2015, Mr. Singhvi has invested in 122 startups over the past decade. His portfolio includes success stories like Bharat Pay, where he invested at a valuation of 18 crores and exited at a valuation of 400x.

    Mr. Singhvi’s most significant contribution to India’s startup landscape came with the founding of We Founder Circle in 2020. Despite launching during the pandemic, the company has become India’s number-one angel network for two consecutive years. The network boasts 13,500 investors, with 70% coming from tier 2, 3, and 4 cities.

    What sets Mr. Singhvi apart is his hands-on, approachable investment style. “I’m a people’s person. I love talking to people, unlike other investors where there are multiple layers,” he explains. This approach allows him to understand businesses intimately and make informed investment decisions.

    The angel investor looks for founders who are prompt problem solvers, possess passion and the right attitude, and demonstrate the ability to pivot when necessary. His sector-agnostic strategy, coupled with a focus on emerging areas like Agritech, SpaceTech, and EV sustainability, positions him at the forefront of India’s startup revolution.

    Mr. Singhvi’s decision to join The Lion’s Den Show aligns with his broader mission of democratising entrepreneurship across India. By participating in the show, he aims to dispel the notion that startup opportunities are confined to tier-1 cities. 

    Looking to the future, Mr. Singhvi envisions India becoming the world’s leading startup nation within the next quarter-century— a goal he believes can be achieved by fostering entrepreneurial ecosystems in 100 cities nationwide.

    As he steps into The Lion’s Den Show, donning his role as an investor, or Lion, Mr. Gaurav Singhvi carries with him not just his expertise, but the hopes and aspirations of countless entrepreneurs from every corner of India. 

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  • The Importance Of Continuous Learning In Personal and Professional Life

    The Importance Of Continuous Learning In Personal and Professional Life

    Hyderabad (Telangana) [India], July 30: Growth Stops as soon as you stop learning or adding value to your life.” Continuous learning is one of the most important criteria for being successful in Personal and Professional Life. Anyone can learn new skills, sharpen their skills or enhance cognitive abilities through continuous learning.

    Few of the vast benefits of continuous learning are listed here-

    ·    Self Improvement

    ·  Sense of purpose and achievement

    · Improves adaptability

    · Builds self-confidence

    · Professionals can remain relevant, competitive and get ahead of others

    · Continuous learning can open the door to new opportunities for career advancement like promotions, salary increases, and leadership roles.

    · Builds ability to face challenges, overcoming fear of failures, learning from failures.

    · Builds ability to face and manage adversity

    And so on…

    Bhagendra, in his 36 years long career of working as an employee and an entrepreneur has experienced the value of continuous learning. At the same time Bhagendra also realised that there is no source of continuous learning for people and also realised that learning could be very expensive.

    Therefore, Bhagendra, Founder of Adirishi Enterprises is making waves in the digital learning space with its extensive collection of e-books, audio books, and video courses focused on personal development.

    Bhagendra Naidu, an engineering graduate with nearly three decades of experience in thermal power companies and seven years in writing and counseling, intends to make self-improvement resources accessible to all at affordable prices for everyone from the comfort of their home.

    Adirishi Enterprises offers an impressive range of digital products covering topics such as personality development, the law of attraction, and memory improvement. Some ebook bundles are even priced as low as ₹1 per book.

    Furthermore, the company has launched an exciting offer. “We’re thrilled to announce a huge discount for customers who purchase any product/products worth ₹1000/- or more can get an 80% discount by using coupon code JULY2024. This coupon code is available only for the first 1000 customers. This coupon code can only be used once by any customer. 

    The company’s website features an integrated payment gateway that accepts all modes of payment for customer convenience. To start an impactful initiative, Adirishi Enterprises has pledged to donate 25% of its net profits to the Indian Army, demonstrating the team’s passion for national development and security.

    “We have a moral responsibility towards nation-building,” Naidu states. “By supporting our armed forces, we’re investing in the safety and future of our country.”

    To further encourage continuous learning, Adirishi Enterprises has introduced a referral program, allowing customers to earn discounts by recommending the platform to friends. Both the referrer and the new customer receive a ₹10 discount coupon for each successful referral, with no limit on the number of referrals.

    As part of its launch, the company is also offering free downloads of four e-books: ‘Dealing with Academic Stress,’ ‘Bring Home Prosperity,’ ‘How to Prevent LPG Accidents,’ and ‘How to Prevent Car Fire Accidents.’

    Naidu, who has published several books on Amazon, brings his wealth of experience to Adirishi Enterprises. “My journey in engineering and management has taught me the importance of continuous learning and adaptability,” he shares. The company’s generous offers shows its focus on making quality educational resources accessible to all.

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  • India’s Tech News Powerhouse Hoga Toga Reaches Millions of Views

    India’s Tech News Powerhouse Hoga Toga Reaches Millions of Views

    Mumbai (Maharashtra) [India], July 30:  Hoga Toga has become a prominent tech content platform in India, offering a diverse range of videos and blogs that cater to the ever-growing appetite for technology-related information. Founded in 2017 by Md Sitare, this tech content powerhouse has been steadily growing its presence across multiple channels, including YouTube, Google News, and its own website.

    The journey of Hoga Toga began with a YouTube channel launched on October 12, 2016. Since then, it has received an impressive 6.08 million subscribers and garnered over 443 million views across 3,037 videos. This rapid growth underscores the quality and relevance of the content produced by the Hoga Toga team.

    At its core, Hoga Toga wants to make technology news easier to understand for everyone. The platform covers a wide array of topics, including smartphone ecosystems, tech events, social media updates, and even popular video games like Battleground Mobile India and Call of Duty. By engaging in a variety of tech-related interests, Hoga Toga has been able to draw in a large audience.

    The hardworking staff at Hoga Toga, under the direction of CEO M Guddu, is the reason for its success. The organisation has a network of writers, bloggers, and opinion-makers spread across India, contributing to the platform’s rich content offerings. This collaborative approach ensures that Hoga Toga remains at the forefront of tech news and trends.

    The way that Hoga Toga gathers news demonstrates its commitment to accuracy. The team carefully gathers data from reliable sources, converses with senior writers, and verifies the authenticity of each story before publishing. 

    The platform’s growth has been nothing short of impressive. In just five years, Hoga Toga has expanded its reach to over 20 million monthly users across all its platforms. 

    The path of the founder, Md Sitare, is equally inspiring. Starting his career in a bag company at 18, Sitare’s passion for technology led him to create content that resonates with millions. His vision of Hoga Toga as a platform that bridges the gap between complex tech developments and the average user has been crucial to its success.

    Sitare recognises the evolving landscape of digital influence. He points out the surge in ‘Online Influencers’ over the last five years, noting how people with a wide range of backgrounds built up sizable fan bases by expressing their views and interests online. Hoga Toga’s success story serves as an inspiration for aspiring content creators and entrepreneurs in India’s developing digital ecosystem.

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  • Ali Haq Honored as Most Enterprising Director of the Year by Realty Awards 2024

    Ali Haq Honored as Most Enterprising Director of the Year by Realty Awards 2024

    Hyderabad (Telangana) [India], July 30 : Ali Haq, the dynamic Director of Sanali Group, has been honored with the “MOST ENTERPRISING DIRECTOR OF THE YEAR” award by the prestigious Realty Awards for 2024. This accolade not only recognizes his visionary leadership but also highlights the remarkable achievements of Sanali Group, a company with a rich legacy founded by his father, Mohammad Noor ul Haq.
     
     Legacy and Vision
     Sanali Group was established by Mohammad Noor ul Haq, a visionary entrepreneur who laid the foundation for what has become one of the leading real estate firms in the region. Under his guidance, the company flourished, earning a reputation for excellence, integrity, and innovation in the real estate sector. Ali Haq has successfully inherited and expanded upon this legacy, driving the company to new heights.
     
     Pioneering Projects

     Under Ali Haq’s leadership, Sanali Group has embarked on numerous pioneering projects that have set new benchmarks in the industry. The company’s portfolio includes luxury residential complexes, commercial spaces, and mixed-use developments that have garnered widespread acclaim for their architectural brilliance and sustainable design.
     
     One of the hallmark projects under Ali’s tenure is the Sanali Spazio, a state-of-the-art Commercial Tower, an International standard plug-and-play facility for Software companies.

    His Brother Amir Haq looks after the  residential portfolio One of the Projects is Sanali Lakeview Terraces at Raj Bhavan  Road, that combines luxury living with cutting-edge technology. This project has been lauded for its eco-friendly features, including solar panels, rainwater harvesting, and energy-efficient systems, showcasing Sanali Group’s commitment to sustainability.

    Technological Integration
     Recognizing the importance of technology in the modern real estate landscape, Ali Haq has spearheaded the integration of advanced technologies into Sanali Group’s operations. From utilizing Building Information Modeling (BIM) for efficient project management to adopting smart home technologies in residential projects, Ali has ensured that Sanali Group remains at the forefront of innovation.
     
     Commitment to Quality and Customer Satisfaction
     Ali Haq’s leadership is characterized by an unwavering commitment to quality and customer satisfaction. He has instilled a customer-centric approach within the organization, ensuring that every project is delivered with the highest standards of quality and on time. This dedication has earned Sanali Group the trust and loyalty of its clients, contributing significantly to its success.
     
     Social Responsibility

     Beyond business success, Ali Haq has also emphasized the importance of giving back to the community. Under his guidance, Sanali Group has undertaken various corporate social responsibility (CSR) initiatives aimed at improving the lives of the underprivileged. These initiatives include building schools, supporting healthcare facilities, and contributing to environmental conservation efforts. One such school is Little Roses High School, where 400 children of slums are provided free education, books, uniforms, meals etc.
     
     Future Endeavors
     Looking ahead, Ali Haq has ambitious plans for Sanali Group. With a focus on expanding into new markets and exploring innovative real estate solutions, he aims to position the company as a global leader in the industry. Upcoming projects include the development of smart cities and affordable housing solutions, reflecting his vision of inclusive and sustainable growth.

    Sanali Group has also expanded to Dubai and are launching very soon one of the most Luxurious Sea Front Apartment Ameri Sea Breeze. It will be managed by his sister SANA HAQ, who is an Architect.
     
     Ali Haq’s recognition as the “MOST ENTERPRISING DIRECTOR OF THE YEAR” is a testament to his exceptional leadership and the remarkable achievements of Sanali Group. By building on the strong foundation laid by his father, Mohammad Noorul Haq, Ali has not only continued the legacy but has also carved out a distinctive path for the company, making it a beacon of excellence in the real estate industry.

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  • Three M Paper Boards Ltd to commence its expansion plans post successful public issue of Rs. 39.83 crore 

    Three M Paper Boards Ltd to commence its expansion plans post successful public issue of Rs. 39.83 crore 

    Mumbai (Maharashtra) [India], July 30:  Three M Paper Boards Ltd, a Mumbai based company engaged in the business of manufacturing Recycled Paper-based Coated Duplex Board products since over 3 decades to commence its expansion plans soon post its successful public issue of Rs. 39.83 crore.

    Company’s IPO subscribed over 171 times (excluding Anchor and market maker portion); Company’s shares listed on BSE SME Exchange at Rs. 76 per share – 10% premium to issue price of Rs. 69 per share

    Company plans to utilize Rs. 14 crores towards capital expenditure, including the purchase of a Plastic-Fired Low-Pressured Boiler, which will use waste plastic for power generation and significantly lower power costs. The funds will also support a factory building extension to increase storage capacity and the acquisition of a sheet cutter to enhance production speed. Rs. 10 crores will be allocated for working capital and Rs. 7 crores for term loan repayment, which will smoothen operations, improve cash flow management, and lower interest costs. The remaining funds will be used for general corporate purposes and issue expenses.

    Company raised Rs. 39.83 crore through its SME IPO from a fresh issue of 57,72,000 equity shares of Rs. 10 each at issue price of Rs. 69 per share. The public issue was oversubscription over 171 times (excluding Anchor and market maker portion), Retail investor segment was subscribed 175 times while Non Institutional investor segment subscribed 284 times. Shares of the company were listed on BSE SME Exchange on 22 July at Rs. 76 per share – 10% over the issue price of Rs. 69 per share.

    Established in 1989, Three M Paper Boards Ltdis one of the ISO-9001 certified companies engaged in the business of manufacturing recycled paper-based Duplex Board products ranging from 200 to 500 GSM used in various packaging applications across industries such as food and beverage, pharmaceuticals, cosmetics, and consumer goods and supplies its high-quality duplex board paper products in both the domestic and international markets. The Coated Duplex Boards produced by the company are made from 100% recycled wastepaper and are fully biodegradable, making them an eco-friendly choice for packaging various FMCG and pharmaceutical goods.

    The company’s manufacturing facility in Chiplun, Maharashtra is spread over an area of more than 30 acres has an installed capacity of 72,000 tons per annum (TPA) along with 4 MW captive power plant and is equipped with state-of-the-art technology for manufacturing paper boards of the global quality standard suitable for high-quality print jobs in the packaging sectors across the globe. With a vast network of over 25 dealers nationwide and export operations in more than 15 countries, Three M Paper Boards maintains a broad market reach and a strong industry presence.

    For the financial year ended on March 31, 2024, Company reported revenue from operations at Rs. 272.23 crore, EBIDTA of Rs. 27.07 crore and net profit of Rs. 11.35 crore. The EBITDA was up by 25% as compared to 21.66 crores of previous financial year. The net profit was up by 170% as compared to 6.62 crores of previous financial year. The Company reported an increase in EBITDA Margin from 6.57% in previous year to 9.94% in current year. Also, the PAT margin increased from 2.01% in previous year to 4.11% in current year.

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  • A Fusion of Tradition and Modernity: Shobhini By Tini Komal’s Festive Collection Launches Today

    A Fusion of Tradition and Modernity: Shobhini By Tini Komal’s Festive Collection Launches Today

    New Delhi (India) July 30 : Shobhini By Tini Komal is thrilled to announce the launch of its latest festive collection, Phulwari. This new collection is a harmonious blend of tradition and modernity, perfect for the upcoming festive season. With its unique designs and exquisite craftsmanship, Phulwari is set to become a must-have for fashion enthusiasts who appreciate the elegance of Indian ethnic wear.

    Phulwari features a total of eight stunning outfit designs, each crafted from fine georgette fabric. The collection is characterized by its vibrant floral prints and festive Indian colors, offering a modern twist to traditional attire. The silhouettes are contemporary yet rooted in tradition, thanks to the intricate hand embroidery and delicate detailing that add a touch of Indianness to each outfit.

    Designed for occasions such as Raksha Bandhan, wedding events, and intimate Indian get togethers, Phulwari caters to the diverse fashion needs of today’s discerning customers. The collection captures the essence of Indian festivities, providing outfits that are both stylish and culturally resonant.

    Tini Komal, the visionary behind Shobhini By Tini Komal, expresses her excitement about the launch: “Phulwari is a celebration of Indian heritage and modern fashion. Each piece in this collection reflects our commitment to quality and design excellence, offering our customers something truly special for their festive wardrobe.”

    The pricing of the outfits in the Phulwari collection ranges from INR 7,000 to INR 15,000, making it accessible to a wide audience. Whether you’re attending a family function or celebrating a special occasion, Phulwari promises to make you stand out with its unique blend of traditional aesthetics and contemporary style.

    For more information about the Phulwari collection and to shop online, visit [Shobhini By Tini Komal’s website] (http://www.shobhini.in ).

    Stay connected with us on social media for the latest updates and exclusive behind-the-scenes content:

    •⁠   ⁠Instagram: [@shobhinibytinikomal] (https://www.instagram.com/shobhinibytinikomal/)

    •⁠   ⁠Facebook: [Shobhini By Tini Komal] (https://www.facebook.com/ShobhiniOfficial)

    About Shobhini By Tini Komal:

    Shobhini By Tini Komal is a leading Indian ethnic fashion brand known for its exquisite designs and dedication to preserving traditional craftsmanship. Founded by Tini Komal, the brand offers a wide range of ethnic wear that combines modern aesthetics with the rich heritage of Indian fashion.

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  • Rajnish Retail Limited announces significant Expansion of product range

    Rajnish Retail Limited announces significant Expansion of product range

    Mumbai (Maharashtra) [India], July 30:  Rajnish Retail Ltd – a leading retail-focused firm that promote growth and innovation in retail businesses through strategic alliances and financial partnerships announce a significant Expansion of product range, marking a major milestone in its growth journey.

    Rajnish Retail Company is a leading FMCG supplier company dedicated to providing high-quality products and exceptional service. With a focus on innovation and customer satisfaction, we strive to exceed expectations and make a positive impact in the industry.

    Having previously offered 10-15, company now plans to provide an extensive selection of over 100+ high-quality product in multiple states. This expansion underscores company’s commitment to delivering exceptional value and meeting the diverse needs of our customers. This is a testament to its dedication to enhancing our product offerings and responding to the evolving demands of the market. By broadening our product portfolio, we aim to provide a comprehensive range of solutions that cater to various needs and preferences.

    Looking ahead, company plan to further expand its product portfolio with new and innovative offerings, extend distribution network to additional states, and target a national presence. Company is also committed to implementing eco-friendly practices across our supply chain and product development processes. Enhancing customer development through digital platforms and personalized marketing strategies, as well as exploring strategic partnerships and collaborations, will be key focus.

    Sharing more details, company said, “Our market share in the FMCG sector has seen on substantial growth, and our brands have gained significant recognition and loyalty. We have invested in our supply chain infrastructure to ensure timely and efficient distribution, enhancing customer satisfaction.”

    Company offer a wider array of products to its valued customers. This growth represents our ongoing efforts to innovate and deliver excellence in every aspect of our business. It look forward to continuing to serve customers with an even greater selection of top-quality products.

    Specialized Strategies for Retail

    • Support for Retail Startups:  Company provide essential backing for retail startups to help them establish a strong industry presence. Our support covers crucial initial costs such as product development, market entry, and customer acquisition, helping startups navigate the early stages of growth.
    • Growth Support for Established Businesses: For more established businesses, we offer the necessary support to scale operations, enhance product offerings, and entry into new markets. This support is part of our broader commitment to advancing the retail sector through strategic partnerships.

    Company has recently initiated launch of exclusive Urban Family Salon.  After extensive planning and analysis, company decided to expand portfolio by venturing into the beauty and wellness industry. This strategic move is aimed at diversifying our business and capitalizing on a growing market.

    Urban Family Salon a brand of Rajnish Retail Limited has started one more new outlet at Shop No.20 and 21, Ground Floor, Hubtown Gardenia, Hubtown Gardenia Shopping Premises Co. Op. Society Ltd., Near GCC Club, Shantivan, Mira Road (E), Thane.

    Company aim to position Urban Salon to be the premier destination for holistic beauty and wellness, where every client experiences personalized, cutting-edge treatments in a relaxing and eco-friendly environment, inspiring confidence and well-being from the inside out.

    Ahmedabad (Gujarat) [India], July 30:  Shah Metacorp Ltd (formerly known as Gyscoal Alloys Ltd) has reported net profit of Rs. 23.27 crore for the first quarter of FY2024-25 ended June 2024 as compared to the net profit of Rs. 1.25 crore in the corresponding period last year – nearly 20 fold growt.  Total revenue during Q1FY25 was reported at Rs. 44.91 crore as compared to the total revenue of Rs. 19.24 crore in the corresponding period last year – rise of 133%. Profit Before tax for Q1FY25 was reported at Rs. 27.39 crore as compared to Profit before tax of Rs. 1.28 crore in Q1FY24. The Company has fully repaid all financial liabilities to banks and financial institutions, making it debt-free.

    The Company has fully repaid all financial liabilities to banks and financial institutions, making it debt-free.

    Standalone Financial Performance         (Amount in Rs. crore)

    Financial Stability: The company’s financial position appears to be stable, as reflected in its ability to maintain positive earnings and achieve substantial revenue growth. This stability is crucial for long-term sustainability and resilience, especially in challenging economic environments. Zero debt of Bank/Financial Institutions as on Date. Rising Net Cash Flow & Cash from Operating Activity. These metrics highlight the impressive financial performance and growth the company has achieved both on a year-over-year and quarter-over-quarter basis.

    Shah Metacorp Limited is an ISO 9001:2008 certified company & one of the leading manufacturer & Exporter of Stainless Steel long products. Shah Metacorp owns its manufacturing plants at Kukarwada that are spread in an area of 12,713 sq mt. The company possesses the equipment required in scrap melting, rolling, straightening, process controller, Universal Testing Machine, Diesel generator set etc.

    The plant holds the capacity to manufacture all grades of stainless steel products from 200 to 400 series and has a installed capacity of 85000 MT per annum. With measured & Strategic manufacturing process, Gyscoal plants deliver international quality products to the loyal clientele. Besides the regular sizes of the above mentioned products, any specialized requirement of the client are also fulfilled at this plant. The plants are well equipped to manufacture wide range of products.

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  • Shah Metacorp Ltd Net Profit jump to Rs. 23.27 Crore in Q1FY25

    Shah Metacorp Ltd Net Profit jump to Rs. 23.27 Crore in Q1FY25

    Ahmedabad (Gujarat) [India], July 30:  Shah Metacorp Ltd (formerly known as Gyscoal Alloys Ltd) has reported net profit of Rs. 23.27 crore for the first quarter of FY2024-25 ended June 2024 as compared to the net profit of Rs. 1.25 crore in the corresponding period last year – nearly 20 fold growt.  Total revenue during Q1FY25 was reported at Rs. 44.91 crore as compared to the total revenue of Rs. 19.24 crore in the corresponding period last year – rise of 133%. Profit Before tax for Q1FY25 was reported at Rs. 27.39 crore as compared to Profit before tax of Rs. 1.28 crore in Q1FY24. The Company has fully repaid all financial liabilities to banks and financial institutions, making it debt-free.

    The Company has fully repaid all financial liabilities to banks and financial institutions, making it debt-free.

    Standalone Financial Performance         (Amount in Rs. crore)

    Financial Stability: The company’s financial position appears to be stable, as reflected in its ability to maintain positive earnings and achieve substantial revenue growth. This stability is crucial for long-term sustainability and resilience, especially in challenging economic environments. Zero debt of Bank/Financial Institutions as on Date. Rising Net Cash Flow & Cash from Operating Activity. These metrics highlight the impressive financial performance and growth the company has achieved both on a year-over-year and quarter-over-quarter basis.

    Shah Metacorp Limited is an ISO 9001:2008 certified company & one of the leading manufacturer & Exporter of Stainless Steel long products. Shah Metacorp owns its manufacturing plants at Kukarwada that are spread in an area of 12,713 sq mt. The company possesses the equipment required in scrap melting, rolling, straightening, process controller, Universal Testing Machine, Diesel generator set etc.

    The plant holds the capacity to manufacture all grades of stainless steel products from 200 to 400 series and has a installed capacity of 85000 MT per annum. With measured & Strategic manufacturing process, Gyscoal plants deliver international quality products to the loyal clientele. Besides the regular sizes of the above mentioned products, any specialized requirement of the client are also fulfilled at this plant. The plants are well equipped to manufacture wide range of products.

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  • SAVIC Leads the Way in Transformative SAP S/4HANA Migration for Gulftainer

    SAVIC Leads the Way in Transformative SAP S/4HANA Migration for Gulftainer

    Sharjah, (UAE) July 30 : SAVIC, a leader in SAP solutions and digital transformation services, is proud to announce its pivotal role in Gulftainer’s strategic migration project from SAP S/4HANA 2020 on Azure to RISE with SAP S/4HANA on Azure. This landmark project not only signifies a major technological leap for Gulftainer but also reinforces SAVIC’s commitment to delivering cutting-edge solutions that drive efficiency and growth. 

    Gulftainer, a leading operator of regional ports and terminals, and a provider of customised supply chain and logistics solutions, has embarked on this significant digital transformation journey to enhance its operational capabilities, setting an ambitious strategy to implement new technologies and innovative solutions within operations, infrastructure, business procedures and engineering to achieve the company’s growth goals in meeting customers’ needs and the dynamic changes in the market. The migration includes a substantial shift from DMS On Prem to the SAP Business Technology Platform (BTP), the transition of their Integration Suite from Neo to Cloud Foundry environments, and licenses optimization.   

    Vinay Sharma, Director of Information Technology at Gulftainer, praised the migration approach, stating, “This strategic upgrade to RISE with SAP S/4HANA is crucial for Gulftainer to sustain our competitive edge in a dynamic and fast-paced supply chain and logistics industry with evolving global markets. SAVIC’s expertise in managing complex transitions seamlessly has enabled us to enhance our digital infrastructure without interrupting our day-to-day operations.”  

    Elangovan, CGO (EMEA) at SAVIC, highlighted the successful collaboration with Gulftainer,”Our partnership with Gulftainer exemplifies our commitment to excellence and our ability to execute large-scale digital transformations. This project is a testament to SAVIC’s robust capabilities and our deep understanding of industry-specific challenges and opportunities.”   

    The migration project not only optimizes Gulftainer’s core operations but also sets a new standard for innovation in the logistics and ports management industry. By leveraging the advanced capabilities of RISE with SAP S/4HANA, Gulftainer is poised to achieve greater agility, improved customer service, and enhanced decision-making processes.

    This initiative is part of Gulftainer’s broader commitment to investing in world-class technology and infrastructure. As SAVIC continues to support Gulftainer in post-migration enhancements and optimizations, the focus remains on maximizing the return on investment and ensuring that technological advancements translate into real-world efficiency and growth.

    For more information about SAVIC and its services, please visit www.savictech.com

    About Gulftainer: 

    Gulftainer is a leading operator of regional ports and terminals and a provider of customised supply chain and logistics solutions, based in Sharjah – UAE. Since its inception, the company was the first to operate a container terminal in the Middle East, which is Sharjah Container Terminal. Over the past 50 years, it has taken great strides in expanding its tailored trade solutions to customers by keeping them at the heart of its business and became a trusted supply chain enabler in niche markets.  

    Today, Gulftainer’s portfolio encompasses managing container terminals in the UAE (Sharjah Container Terminal and Khorfakkan Container Terminal), KSA (Jubail Commercial Port and Jubail Industrial Port), Iraq (Iraq Container Terminal and Umm Qasr Logistics Centre) and USA (Canaveral Cargo Terminal), along with freight forwarding, supply chain operations and logistics through its subsidiaries, Momentum Logistics and Avalon Transport.   

    About SAVIC  

    SAVIC is a global system integrator simplifying business processes and enabling customers to achieve their objectives. With expertise in technology and consulting, we drive digital transformation for growth through innovative initiatives. Our delivery model ensures easy adoption and scalability in a cutting-edge digital environment.

    By 2024, SAVIC has digitally transformed 428 organizations globally, offering end-to-end services in SAP ERP, HANA, Line of Business Solutions (LoB), Data Analytics, Digital Process Automation, Cloud Product Services, BPM, Consulting, IoT, AI, RPA, IaaS, SaaS, and PaaS. As an SAP Platinum Partner, ISO 9001:2015, and CMMI Maturity Level 5 organization, we have received accolades such as the Digital Marketing Momentum partner from SAP APJ, Most Impactful Tech Leader, Best ERP Implementor, CRN Excellence Award, and more. 

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