Tag: Business

Mumbai (Maharashtra) [India], May 27:  Rudra Ecovation, a leader in sustainable innovations, recently partnered with AYCS (All You Can Street) for an event at the JIO Convention Centre in Mumbai. Celebrated as India’s foremost platform for urban streetwear and eco-friendly fashion solutions, the AYCS event saw Rudra Ecovation as the Sustainability Partner, playing a pivotal role in promoting sustainable fashion.

At the AYCS event, over 250 brands were showcased, including a special segment called Sustainable Street, which highlighted brands committed to using sustainable raw materials. A key player in this segment was Rudra Ecovation Ltd, which made a notable impact on raising awareness about sustainable practices. Rudra Ecovation Ltd significantly contributes to environmental sustainability by recycling capacity of up to 8.8 million plastic bottles daily. This initiative helps prevent around 145,525 metric tons of CO2 emissions annually, effectively reducing plastic waste and greenhouse gas emissions, thus supporting global sustainability efforts.

The carpets used at the AYCS event, made by recycling over 150,000 post-consumer plastic bottles, underscored Rudra Ecovation’s commitment to environmental sustainability and set new standards in green fashion. Rudra Ecovation’s product portfolio stood out at the event, showcasing their innovative non-woven carpets and Anaura a sustainable alternative for unsustainable fabrics.

Ishani Malhotra, Head Anaura and Anaura Home, highlighted the company’s innovative recycling techniques, emphasizing the conversion of plastic bottles into both practical and stylish items. She stressed that this approach not only reduces waste but also establishes a new benchmark for the industry. Rudra Ecovation is at the forefront of sustainable waste management, particularly in the comprehensive recycling of post-consumer PET bottles, including labels and caps, which are transformed into valuable products like partially oriented yarn (POY) and vegetable crates.

Malhotra underscored the company’s dedication to maximizing the value derived from waste materials. ” We buy waste; we don’t sell waste. Our aim is to extract the utmost value from the waste material processed at our facility,” she affirmed. This strategy not only minimizes environmental impact but also promotes the circular economy, demonstrating Rudra Ecovation’s commitment to sustainable practices. Recycling isn’t just about environmental stewardship; it’s also a potent tool for combating climate change. 

Anaura: Future-Proof Fashion

Rudra Ecovation’s Anaura line transforms PET bottles into 320,000 square meters of fabric daily. These sustainable, versatile materials ensure comfort, durability, and minimized environmental impact. Anaura epitomizes stylish, eco-friendly wardrobes by replacing unsustainable fabrics with premium, recycled alternatives.

Anaura-Home: Eco-Friendly Living

Extending sustainable ethos to home textiles, ANAURA-HOME offers a range of eco-friendly products, including cozy throws, elegant curtains, luxurious bedsheet sets, and stylish cushion covers. Each piece is crafted with a commitment to creating a greener, more beautiful world. ANAURA-HOME presents a sustainable alternative to traditional, unsustainable fabrics, utilizing eco-friendly materials that preserve natural resources and protect the environment. 

“Anaura is a revolutionary product designed with our planet in mind. Embracing recycling is a crucial step towards sustainability. By choosing to wear a single T-shirt made from sustainable fabric, you actively contribute to saving trees and protecting the environment. One T-shirt can make a significant impact. Brands have shown keen interest to collaborate with Rudra Ecovation for using Anaura as the raw material instead of fabric looking at the quality, flexibility and comfort along with a green statement which Anaura brings to the brands.” said Ishani Malhotra, Head Anaura and Anaura Home.

“We received an overwhelmingly positive response from all the brands, especially those targeting Gen Z, who are keen to collaborate with us,” said Sanjeev Khanna, Vice-President of Rudra Ecovation Ltd. He added, “I’m pleased I had the chance to personally meet with all the brands here. Everyone was astonished by the high quality of products that can be made from recycled materials.”

Rudra Ecovation is committed to transforming waste into valuable resources. By recycling every element of PET bottles, including rims and labels, the company is leading the charge in sustainable fashion and home textiles. Their revolutionary products, like Anaura, are designed to save the planet by reducing waste and promoting green fashion.

For more information, visit the website https://rudraecovation.com/

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Mumbai (Maharashtra) [India], May 27:  Exhicon Events Media Solutions Ltd, an EXHICON Group Company, listed on the BSE has announced its outstanding financial results for the fiscal year 2023-2024.

The company’s exceptional performance highlights its financial strength, operational excellence, and unwavering commitment to innovation, sustainability, and value creation for its stakeholders.

The results for FY 2023-2024 reflect the company’s strategic initiatives and dedication to maintaining a leadership position in the exhibitions and events industry. The company in the last one year has successfully acquired seven businesses and committed to driving innovation, promoting sustainability, and delivering superior value to its stakeholders.

Financial Highlights for FY 2023-2024:

• Revenue Growth: EMSL achieved a remarkable 48.84% increase in business revenue, soaring from INR 59.87 Cr in FY 2022-2023 to INR 89.12 Cr in FY 2023-2024
• EBITA: EBIDTA of FY 24 is up at INR 20.12 Cr, against the EBIDTA of the FY 23 at INR 13.80 Cr
• Consolidated Profit After Tax (PAT):The PAT is up from INR 9.16 Cr in FY 23 to INR 14.22 Cr in FY 24, up by 66 bps indicating improved efficiency.
• Standalone Sales: Standalone sales experienced a rise of 9.43%, increasing from INR 38.23 Cr in the previous fiscal year to INR 41.84 Cr.
• Standalone PAT: Standalone PAT also saw a 9.2% growth, climbing from INR 5.78 Cr in the last fiscal year to INR 6.31 Cr.

PAT margins after minority interest are up by 66 bps as EMSL presently owns only 51% of Maple Heights Business Centre LLC. EMSL intends to increase the holding to 76%.

Highlights

• Standalone revenue increases 9.43% after restructuring, would have grown 20% without the effect of restructuring                                                         
• Standalone SGA by 50 bps due to higher investment in salaries and increased office presence                                                           
• Standalone PAT margins down by 4 bps only. Would have increased by 30-50 bps, however, some government related business moved to FY25 due to announcement of the general election

Analysis                                                       

EMSL completed its internal structuring in H2 FY24 wherein:                                                  

• The business serving end clients/exhibitors/brands was moved to its 99% subsidiary Digiglobe Advertising.        
• The overseas business was moved to its 51% subsidiary Maple Heights LLC Dubai.
• Venue related and business focused on serving event/exhibition organizers were retained in EMSL                                                 

As part of restructuring                                                   

Top-line of INR 4.2 Cr/PAT 0.67 Cr was moved to Digiglobe in H2 FY24.                                          

Top-line of INR 5.3 Cr/PAT 0.93 Cr was moved to Maple Heights LLC in H2 FY24 resulting in reduction of INR 9.5 Cr of revenue and INR 1.6 Cr PAT from standalone numbers to its subsidiaries in H2 of FY24.                                                          

The adjusted H2 of FY24 figures for EMSL standalone adjusted to effect of restructuring would have been approximately INR 27.2 Cr sales and INR 3.96 Cr PAT in H2 FY24.                                

The adjusted Full year FY24 figures for EMSL standalone, adjusted to effect of restructuring would have been approximately INR 50.24 Cr sales and INR 7.90 Cr PAT.                

The effect of shift of revenue and PAT from EMSL to Digiglobe is largely neutral as the same is 99% consolidated. However, the effect of shift of revenue and PAT from EMSL to Maple Heights is neutral for revenue but only 51% of PAT is consolidated leading to lower PAT percentage.

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New Delhi (India), May 27: Another Feather in Abhee Venture’s Crown, the latest Abhee Riviera Royale boutique apartments at Haralur, HSR Extn, Bangalore has sold almost 75 percent of the inventory during its Pre-Launch phase itself. 

Situated in a sprawling 1 Lakh 75 thousand sqaure feet of area, this project redefines luxury living with its exquisite design, top-notch amenities, and prime location. The emphasis on luxury permeates every corner of this residential enclave, creating a haven of tranquility amidst the bustling cityscape.

With the demand for classy housing on the rise in Bangalore, Abhee Riviera Royale stands out as a beacon of excellence. The BBMP and RERA approved project offer a total of 96 units comprising 2 BHK and 3 BHK configurations, which has garnered immense attention from homebuyers seeking the perfect blend of comfort, convenience, and sophistication.

The success of Abhee Riviera Royale can be attributed to various factors, with its prime location being chief among them. Situated in HSR Extn, Haralur, one of Bangalore’s finest neighborhoods, where the residents enjoy easy access to a host of public amenities as well as infrastructure such as schools, hospitals, shopping centers, and entertainment hubs. It is also close to Two Major Metro stations, Kudlu Namma Metro is just 1 km away and Iblur Metro is 3 kms away.

Beyond the confines of the residential complex, the neighborhood of HSR Extn in East Bangalore offers a plethora of opportunities for recreation, entertainment, and cultural enrichment. From trendy cafes and gourmet restaurants to boutique shops and art galleries, residents are spoiled for choice when it comes to exploring the vibrant local scene

The strategic location, coupled with excellent connectivity to key areas of the city, has made it a preferred choice for homebuyers seeking a cosmopolitan lifestyle.

Living at Abhee Riviera Royale is not just about owning a luxurious apartment; it’s about embracing a new way of life—a premium lifestyle that promises to elevate every aspect of daily living. From the moment residents step into the grand foyer of the complex, they are greeted by an ambiance of sophistication and refinement that sets the tone for what lies ahead.

Furthermore, the pre-launch phase of Abhee Riviera Royale witnessed unprecedented demand, indicating a strong appetite for premium housing in Bangalore. The project’s emphasis on contemporary design, and thoughtful amenities has resonated well with buyers looking to invest in their dream home.

Speaking on the remarkable achievement, Mr. R Nagaraj Reddy, Founder & Managing Director of Abhee Ventures Pvt Ltd, expressed his delight, saying, “We are thrilled to see such an overwhelming response to Abhee Riviera Royale. It is a testament to our commitment to delivering exceptional living spaces that cater to the evolving needs of modern families. We are grateful to our customers for placing their trust in us and look forward to exceeding their expectations.”

The success story of Abhee Riviera Royale is not just a testament to the project’s design and appeal but also to the resilience of the real estate sector in Bangalore. Despite challenges posed and economic uncertainties, the project’s record-breaking sales underscore the enduring demand for premium properties that offer a blend of luxury, comfort, and value.

As construction progresses and the project nears completion, anticipation is high among homeowners eager to experience the epitome of luxury living at Abhee Riviera Royale. With its remarkable pre-launch success, this residential marvel is poised to set new benchmarks in the realm of upscale living in Bangalore, reaffirming the city’s status as a preferred destination for homebuyers seeking excellence in every aspect of life.

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Mumbai (Maharashtra) [India], May 27: K Raheja Corp Homes, the residential business of the K Raheja Corp group, marks its entry into the vibrant neighborhood of Sion, Mumbai, with Raheja Amaltis, its premier residential project just off the Chembur-BKC connector. Located in Sion, the project has views of the BKC Skyline, the Maharashtra Nature Park, and the radiant cityscape, and has been conceived to provide a boutique, low-density luxurious development, coupled with world-class, state-of-the-art amenities in the micro-market. The RERA-registered project is expected to be completed by 2027.

Raheja Amaltis will feature 3, 3.5, and 4-bed homes with decks. The project will offer residences ranging from 1310 sq. ft. to expansive 2230 sq. ft. (125 sqm to 210 sqm) per unit, and apartments will be characterized by a seamless 11’2” floor-to-floor height and spacious decks extending up to 6 ft. wide. Additionally, the development will allocate three levels of amenities tailored to all age groups, such as a rooftop infinity pool, sky dining pavilion, sky bar, fitness center, alfresco lounge, senior citizen area, kids’ play area, and more.

Speaking on the launch, Ramesh Ranganathan, CEO, K Raheja Corp Homes said, “In recent years, the demand for luxury residences tailored to corporate leaders and elite professionals has surged. These buyers seek a blend of a healthy lifestyle, world-class amenities, a reputable developer, and proximity to business hubs. Raheja Amaltis meets this demand, offering homes that enhance the lives of cosmopolitan and industrious individuals. Building on our successful track record in South Mumbai, we bring our expertise closer to Mumbai’s central Business District at BKC, creating a remarkable residential community.”

Raheja Amaltis delivers a sustainable lifestyle living experience with advanced wastewater treatment systems, enabling the recycling of 35% of natural water resources. Additionally, it will offer electric charging infrastructure for two-wheelers and four-wheelers in parking areas. The project features low-flow plumbing fixtures to conserve a minimum of 30% of potable water, achieves 100% wastewater treatment and reuse, implements building-level water metering for consumption monitoring, utilizes energy-efficient fixtures in common areas, includes energy metering for consumption tracking, procures certified green products, and ensures the 100% treatment of organic waste.

Intended to cater to professionals, entrepreneurs, and future business leaders, Raheja Amaltis is designed as an ideal home for top-level executives. Being strategically located a few minutes away from the BKC Connector, Eastern Freeway, and Eastern Express Highway, the project provides seamless connectivity to major business hubs in the city.

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New Delhi [India], May 27: In a groundbreaking move, India has welcomed its first global B2B offline hypermarket, Growth Biz, a platform designed to connect manufacturers with a global audience of buyers. Founded by Akshay Kumar, Growth Biz aims to empower Indian businesses by providing a unique blend of online e-commerce and offline hypermarket solutions, creating an unparalleled platform for manufacturers to showcase their products and expand their reach.

Bridging the Gap: Online and Offline Integration
 
Growth Biz recognizes the complexities of the global market and the need for a multi-faceted approach. Their platform seamlessly combines the convenience of online e-commerce with the tangible experience of an offline hypermarket, offering a comprehensive solution for businesses.

At GrowthBiz, we prioritize the safety and credibility of our platform by implementing a strict kyc and verification process for buyers & sellers. By ensuring that only verified sellers and buyers can participate in transactions, we significantly reduce the risk of fraudulent activities.

For Manufacturers:

• Global Exposure: Manufacturers can register their products on the Growth Biz platform, gaining access to a vast network of buyers from across the globe.
• Enhanced Visibility: Products are displayed in a physical hypermarket, providing a tangible presence and increasing brand recognition.
• Streamlined Sales: The platform offers integrated online and offline sales channels, allowing manufacturers to manage their orders and transactions efficiently.
• Market Insights: Access to real-time market data and analytics helps manufacturers understand global trends and optimize their offerings.

For Buyers:

• Diverse Product Selection: A wide range of products from various Indian manufacturers are available under one roof, simplifying the sourcing process.
• Competitive Prices: Growth Biz fosters fair trade practices, ensuring competitive pricing and value for buyers.
• Dedicated Support: A dedicated team provides personalized support to buyers, guiding them through the selection process and addressing any queries.
• Secure Transactions: The platform prioritizes secure payment options and transparent transactions, building trust and confidence.

Akshay Kumar, Founder of Growth Biz, shares his vision:

Akshay Kumar, the visionary founder of GrowthBiz, is on a mission to revolutionize the Indian manufacturing industry. With a focus on empowering MSMEs, GrowthBiz aims to bridge the gap between Local Gali markets to the Global market. By leveraging innovative strategies and tailored solutions, GrowthBiz is paving the way for Indian manufacturers to turn their weaknesses into strengths and thrive on an international scale.

We envision a future where Indian manufacturers can compete on the global stage. Growth Biz is designed to bridge the gap between businesses, creating a thriving ecosystem for trade and collaboration. Our platform empowers manufacturers to reach new markets, boost their sales, and establish a strong international presence.

‘We envision a future where Indian manufacturers have the opportunity to compete on the global stage. Growth Biz is designed to bridge the gap between businesses and create a thriving ecosystem for trade and collaboration. Our platform empowers manufacturers to reach new markets, boost their sales, and establish a strong international presence.

https://www.linkedin.com/in/akshay-kumar-founder-growthbiz/ 
 
The Future of B2B Trade
 
Growth Biz represents a significant step towards revolutionizing B2B trade in India. By offering a unique blend of online and offline solutions, the platform caters to the evolving needs of businesses in a globalized world. As the platform expands, it is expected to play a pivotal role in driving economic growth and fostering international trade partnerships.

Join Growth Biz today and conquer all obstacles on your journey towards global expansion. Simply onboard your products onto our platform, and we will take care of the rest. Our dedicated zonal managers are here to support and guide you at every stage, handling everything from legal complexities to logistics. With Growth Biz, you can leave behind language barriers and challenges in entering new markets. Let’s work together to elevate your business from Gali to Global success!

Visit Growth Biz today at www.GrowthBiz.co or contact us at info@growthbiz.co and discover a world of opportunities for your business.

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Pune (Maharashtra) [India], May 27: In recent years, Pune has emerged as a bustling metropolis, characterized by its rapid urbanization and burgeoning commercial landscape. As 2024 unfolds, the city’s commercial real estate sector stands at the forefront of this dynamic growth trajectory, showcasing resilience and adaptability in the face of changing market dynamics. This article delves into the factors driving Pune’s commercial real estate boom in 2024, exploring key trends, developments, and future prospects.

Economic Resilience: Pune’s robust economic foundation has been a cornerstone of its commercial real estate success. Despite global uncertainties, the city has maintained its appeal as a preferred investment destination, buoyed by diverse industries such as IT, manufacturing, and automotive. The presence of established companies and burgeoning startups continues to fuel demand for office spaces, driving unprecedented growth in commercial real estate.

Technological Innovation: The convergence of technology and real estate has revolutionized Pune’s commercial landscape in 2024. From smart buildings equipped with IoT sensors to virtual reality-powered property tours, developers are leveraging cutting-edge innovations to enhance tenant experiences and optimize operational efficiency. This technological integration not only attracts tenants but also positions Pune as a forward-thinking hub for business and innovation.

Infrastructure Development: Infrastructure development plays a pivotal role in shaping Pune’s commercial real estate boom. Ongoing projects such as the Pune Metro Rail and road expansions have enhanced connectivity within the city, reducing commute times and expanding the catchment area for commercial properties. Additionally, the development of business parks and integrated townships offers holistic environments for businesses to thrive, further driving demand for commercial spaces.

Shift towards Flexible Workspaces: The paradigm shift towards remote and flexible work arrangements has reshaped the commercial real estate landscape in Pune. Co-working spaces, serviced offices, and hybrid models have gained prominence, catering to the evolving needs of modern businesses. This trend not only fosters collaboration and innovation but also allows companies to adapt quickly to changing market conditions, thereby bolstering the demand for flexible workspaces across Pune.

Sustainability and Wellness: In 2024, sustainability and wellness have emerged as key drivers influencing commercial real estate decisions in Pune. Developers are integrating green building practices, energy-efficient technologies, and wellness amenities into their projects to align with tenants’ growing emphasis on environmental stewardship and employee well-being. Properties that prioritize sustainability and wellness not only attract discerning tenants but also contribute to a healthier and more resilient urban ecosystem.

Foreign Investment and Global Partnerships: Pune’s commercial real estate boom in 2024 is further fueled by foreign investment and strategic global partnerships. International investors and developers recognize the city’s growth potential and are actively participating in its commercial real estate market. Collaborations between local and global entities bring in expertise, capital, and best practices, fostering innovation and raising the bar for quality standards in Pune’s commercial properties.

Emerging Micro-markets: As established commercial hubs reach saturation, attention is shifting towards emerging micro-markets in Pune. Areas such as Hinjewadi, Thathewade, Lohegaon, and Wagholi are witnessing significant commercial development, driven by factors like proximity to talent pools, infrastructure upgrades, and affordability. These emerging micro-markets offer opportunities for investors and occupiers alike, presenting untapped potential for growth and expansion.

Future Outlook: Looking ahead, Pune’s commercial real estate sector is poised for continued growth and evolution in 2024 and beyond. With a favorable business environment, strong economic fundamentals, and ongoing infrastructure investments, the city remains an attractive destination for domestic and international investors. As the demand for commercial spaces continues to evolve, stakeholders must embrace innovation, sustainability, and flexibility to capitalize on emerging opportunities and navigate future challenges effectively.

According to Mr. Harshawardhan Agarwal, Director, Pride Purple Group Pune’s commercial real estate boom in 2024 epitomizes the city’s resilience, adaptability, and unwavering commitment to progress. Fueled by economic dynamism, technological innovation, and sustainable practices, the sector continues to chart new territories, redefine urban landscapes, and catalyze economic growth. As Pune embraces the opportunities of tomorrow, its commercial real estate sector stands as a beacon of prosperity and possibility in India’s vibrant real estate market.

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Ahmedabad (Gujarat) [India], May 27:  Rs. 38.83 crore Rights issue of Gujarat based Franklin Industries Ltd (BSE – 540190) engaged in the trading of agriculture commodities and providers of contract farming services has opened for subscription on May 24, 2024. The funds raised through the issue will be utilised to fund company’s expansion plans including working capital requirements and general corporate purposes. Right issue of the company are offered at a price of Rs. 3.58 per share as compared to closing share price of Rs. 7.50 per share on 24 May, 2024. Rights Issue will close on 11 June, 2024.

Highlights:

• The company will issue 10.84 crore fully-paid equity shares at an issue price of Rs. 3.58 per share
• Shares in Rights issue priced at Rs. 3.58 per share as compared to the closing share price of Rs. 7.50 per share on 24 May 2024; Rights Issue will close on June 11, 2024
• Right Issue funds will be utilised to meet the working capital requirements, fund company’s expansion plans, and for general corporate purpose
• The rights entitlement ratio for the proposed rights issue is 3:1, 3 rights equity shares of Rs. 1 each for every 1 fully-paid up equity shares held by the eligible equity shareholders
• For FY23-24, Total income rise 148% Y-o-Y of Rs. 50.96 crore; Net Profit grows multi-fold to Rs. 10.46 crore

Franklin Industries Ltd

The Company will issue 10,84,50,000 fully paid-up Equity Shares of the face value of Rs. 1 each for cash at a price of Rs. 3.58 per Equity Share (including a premium of Rs. 2.58 per Equity Share) aggregating to Rs. 38.83 crore. The Rights entitlement ratio for the proposed issue is fixed at 3:1 (3 Rights equity shares of face value of Rs. 1 each for every 1 fully-paid equity share held by the equity shareholders on the record date – May 13, 2024). The last date for On-market Renunciation of Rights Entitlements is 5 June, 2024                  .

Out of the issue proceeds of Rs. 38.83 crore, company intends to use Rs. 29.26 crore towards working capital requirement and Rs. 9.31 crore towards general corporate purposes.

Incorporated in 1983, Franklin Industries Ltd is engaged in the business of trading of agricultural commodities, such as wheat, rice, maize, vegetables (including capsicum, tomato, etc.), fruits (including mango, watermelon, grapes, etc.), and other agricultural products. The company has recently announced its strategic initiative to diversify its business operation in contract farming business.  Contract farming offers significant potential for expansion and innovation within its business framework. This initiative aligns with the company’s vision to optimize agricultural practices, leverage technological advancements, and establish mutually beneficial partnerships with local farmers and agricultural stakeholders.

The company practices contract manufacturing by leasing agricultural land where they cultivate Cucumbers, Onions, and Castor. The company shares a part of the yield with the farmers who work on a contractual basis on the leased land, thereby supporting the local farmers’ community.

The company also provides contract manufacturing services for agricultural products such as cucumber, onion, and castor. Company source these products from manufacturers by paying an advance payment or according to agreed terms, and then sell them to our network of distributors. Through our presence in the market, we have developed strong relationships with both farmers and the wholesaler/retailer community.

For FY23-24 ended March 2024, the company has reported total income of Rs. 50.95 crore, rise of 148% as compared to the total income of Rs. 20.52 crore. Net Profit of the company for the year ended March 2024 was reported at Rs. 10.46 crore, multi-fold growth from net profit of Rs. 21.43 lakh in the corresponding period last year. Company has completed a stock split from Rs. 10 per share to Rs. 1 per share in January 2024.

Assuming full subscription, Post issue outstanding equity shares will increase to 14.46 crore equity shares from existing 3.61 crore equity shares.          

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Surat (Gujarat0 [India], May 27:  StarBigBloc Building Material Ltd, a wholly-owned subsidiary of BigBloc Construction Limited, one of India’s largest manufacturers of Aerated Autoclaved Concrete (AAC) Blocks, Bricks, and Panels, is set to raise funds through an SME IPO or preferential issue to support its expansion plans.

Highlights

• In the next 4-5 years, company plans to increase its production capacity from current 2.5 lakh cubic meter per annum to over 12 lakh cubic meter per annum

• Company plans to setup two manufacturing units, each with a capacity of 5 lakh cubic meter per annum in North India and South India to meet future demand  

• In FY 27-28, StarBigBloc Building Material expects to reach revenue of Rs. 428 crore; EBITDA of Rs. 125 crore and Net Profit of Rs. 80 crore

• Market size of AAC Block industry in India is estimated to grow at 15-20% over the next 4-5 years to reach Rs. 10,000 crore.

The company plans to establish two greenfield manufacturing plants, each with a capacity of 500,000 cubic meters per annum. These new units are proposed in Chennai, Tamil Nadu and either Delhi or Haryana (North India). The North India plant aims to serve markets in Delhi, NCR, Punjab, Haryana, and Rajasthan, while the Chennai unit in Tamil Nadu will cater to Tamil Nadu, Karnataka, Kerala, and the southern region. With these expansions, the company’s production capacity will increase from 250,000 cubic meters per annum to over 1.2 million cubic meters per annum in the next 4-5 years.

The Board of Directors approved the fund-raising at a meeting on May 23, 2024. The Initial Public Offering or preferential issue will be subject to requisite approvals and market conditions. Details such as the size, price, and other specifics of the offering will be finalized in due course.        

           

Sharing more details, Mr. Narayan Saboo, Chairman, Bigbloc Construction Ltd said “AAC Block industry is poised to take a central position in the Indian construction industry in the near future and our company is ready for a quantum leap. The fund raising is planned for future expansion & value unlocking for all shareholders. Company’s growth strategy includes, expansion into New Geographical Markets, Investments in R&D, product diversification and Brand Building and Marketing Campaigns to boost brand visibility, increase market share and establish trust among our stakeholders.” 

StarBigBloc Building Material Ltd currently operates a plant in Ahmedabad with an installed capacity of 250,000 cubic meters per annum, serving most part of Gujarat, upto Udaipur in Rajasthan, and till Indore in Madhya Pradesh.

The company aims for a substantial increase in operational and financial performance, targeting revenues of Rs. 428 crore by FY27-28, with an expected EBITDA of Rs. 125 crore and net profit of Rs. 80 crore. In FY23-24, the company reported revenues of Rs. 94.18 crore, achieving a revenue CAGR of over 21% in the last four years.

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

The Indian AAC Block market, valued at Rs. 4,000 crore in 2022-23, is projected to grow at 15-20% annually, reaching Rs. 10,000 crore in the next five years. India currently has around 150 AAC production facilities with a total capacity of 15 million cubic meters per year.

The company’s notable clients include Adani, Shivalik, Reliance, PSP Projects, Chavda Infra, Metro Project, Hi Tech Projects, Alembic, Addor, Darshanam, and Kaavyaratna Group.

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New Delhi (India), May 25: It is time to recognize and celebrate the extraordinary business innovation and entrepreneurship achievements. Corporate Connect is thrilled to announce the winners of its highly anticipated Business Excellence Awards 2024. As a fast-growing media agency establishment, we have hand-picked numerous brands from a pool of considerable nominations. All of these winners were shortlisted to be awarded by a panel of reputable judges including members from our administration and senior management.

Corporate Connect is a renowned media agency known for its deep understanding of business dynamics and its ability to forecast future trends. We bring a wealth of experience in the field by introducing captivating narratives that speak of successful enterprises, emerging startups, recent breakthroughs, and inspirational tales of leaders across diverse industries.

Corporate Connect is well-acknowledged for its excellent content that spotlights the contribution of 4,000 business luminaries through more than 7,000 pages of insightful content across both print and digital platforms. We are proud to convey our efforts of upholding the highest standards of quality within the media landscape, making Corporate Connect a well-acclaimed name in the industry.

We have compiled a list of the latest recognitions where we have awarded a few remarkable business entities/leaders:

UrBot

Bhumika Aggarwal (Founder and CEO)

Award Category: Agriculture Brand of the Year 2024

Urbot pledges to provide a platform for all items related to horticulture. Are you an experienced enthusiast in horticulture or a beginner? This platform delivers expert advice, services, innovative ideas, and premium products to assist you in crafting your ideal green oasis. Under Bhumika’s guidance, the venture is scaling up at a faster pace.

Eassyserve

Vikas Mahesh Aroraa (Founder and CEO)

Award Category: India’s Best Services SuperApp-2024
Eassyserve is a one-of-a-kind services super app that emerged as the World’s First e-commerce marketplace for services delivering over 20,000+ services across 100+ Indian cities. The brand accentuated assistance for Home Care, AC Services, Pest Control, Car Care, Health Care, and many more. The app can ensure seamless Service Booking anytime, anywhere, and 24/7

Meatington

Ms Neeta Malik (Co-Founder)

Award Category: Impact Recognition: India’s Highly Regarded Frozen Snacks Manufacturer to Watchout-2024

Meatington has been catering gourmet delights with Passion since 2021. There is a wide range of ‘Ready to Cook’ and ‘Heat and Eat’ Frozen treasures to elevate customer’s dining experience with unmatched Flavor and quality. They promise a Gastronomic Adventure that comes at convenience without any compromise with the taste.

Ascentria Examinations & Tests Preparation Center LLC

ALKA MALIK (MANAGING DIRECTOR)

Award Category: Impact Recognition: The Most Acclaimed Test Preparation Centre to Watchout Globally – 2024

Ascentria Examinations & Tests Preparation Center LLC is an agency that associates with local and international partners. The aim of the institution is to ensure that Dubai residents have a pool to choose from high-quality options. They help residents of Dubai to consider the best education options for themselves as well as their offspring.

Astchem Technologies

Abhijit Mohinta (Founder & Managing Director)

Award Category: Impact Recognition: India’s Highly Regarded Green Technology Based Bituminous Products Manufacturer & Technology Provider To Watchout-2024

Astchem Technology is an establishment set up by corporate professionals who have a wealth of experience in the field of sustainable road construction technologies all over the world.  They provide technical support from globally renowned technology providers. The objective of Astchem Technology is to ensure the clients with comprehensive solutions to the customer to deliver superior quality products backed up by ceaseless customer support.

GUS Education India LLP

Shashi Jaligama (Managing Director)

Award Category: Visionary Leader of the Year 2024

GUS Education India (GEI) is the education arm of Global University Systems, a leading European education conglomerate. Established in 2017, GEI boasts a portfolio of over 30 brands and collaborates with prestigious universities and institutions worldwide, offering educational services to enhance their operations and impact. It is proud to be a pioneering leader in building digital eminence for a fleet of academic brands. It is one of the fastest-growing organizations in India.

Eleevate Overseas

Mr Mahesh Parmar (Founder & CEO)

Award Category: Impact Recognition: India’s Highly Regarded Overseas Education Consultant to Watchout – 2024

Elevate Overseas is one of the most promising overseas education consulting organizations.  They recognized the fact that every student is gifted with unique aspirations, potential, personality, and natural skills. Based on this fundamental understanding, the education counselors help the students’ profiles be groomed while advising them concerning the appropriate country.  The establishment guides them to choose the university that best matches the student’s prospects.

SKB Machine Tools

Ms Meenakshi. R (Director)

Award Category: Distinguished Women in Engineering: Breaking the Glass Ceiling – 2024

As an influential woman in the engineering industry, Ms Meenakshi. R has been on our list of distinguished woman leaders. She is serving as the Director of SKB Machine Tools which is one of the leading Machine Tools Agencies in India. They boast over 40 years of experience in manufacturing Machine Tools. Many well‐known manufacturers in India are their esteemed customers and keep reaching out to the establishment for repeated orders.

Ltd Edition Sourcing

Gurminder Matharu (Director)

Award Category: Impact Recognition: Globally Acclaimed Platform for Sustainable Fashion to Watch out – 2024

As a global commercial platform, Ltd edition is focused on working jointly with brands and retailers, to construct an outcome of shared value. It is arranged with an intuitive vision of sustainable fashion. The enterprise requests authentic suppliers, certified for sustainable products to be part of this revolution as the brand stands as a forum for global sourcing. They are geographically based in India, Bangladesh, and China and planning to expand their reach more in the coming years.

Zim Laboratories Limited

Mr. Zulfiquar Kamal (Director – Finance)

Award Category: Impact Recognition: The Most Innovative Pharmaceutical Company-2024

Zim Laboratories Limited is a research-driven pharma company. It is highly devoted to developing, manufacturing, and supplying unique generic products in oral solid dosage forms. They are targeting both pre-formulation intermediates as well as finished formulations for certain key therapeutic segments. They manufacture and supply the best in class pharmaceutical and nutraceutical products.

MindTech Global

Mr. Chetan Mahajan (Director)

Award Category: India’s Leading Cyber Security Company 2024

As a reliable platform that aims to foster business growth of the clients in line with tech modernization, MindTech Global reimagines and facilitates transformation to excel in the present fast-paced IT world. Especially, they are targeting the cyber security segment which has become the modern-day necessity of businesses.

Padma Sai Finance Private Limited

Alluri Dilip Kumar (Director), Alluri Avanthi (Director)

Award Category: “The Best Auto Loan Service Provider of the year 2024”

PADMA SAI FINANCE PRIVATE LIMITED established in 1996, earlier a NBFC (Non-Banking Financial Company) later transitioned to a intermediary provider between the financial institutions and NBFCs in 2018. Has served over 90,000 happy clients in the last 26 years. With the vision of providing quick and customised financial services and products, catering to the needs of a variety of people.

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New Delhi (India), May 25: In a resounding testament to its remarkable growth trajectory, IB Group, in collaboration with Aviagen®, proudly announces a significant milestone: the acquisition of 100,000 Grandparent Poultry (GP) stock in a single financial year. This milestone not only underscores IB Group’s ascendancy as a leading player in the poultry industry but also highlights its steadfast commitment to sustainable growth and innovation.

Since 2014, the association between IB Group and Aviagen has been characterized by unwavering dedication to excellence. Guided by the visionary leadership of Mr. Derk Wesjohann, Managing Director, and Jan Henriksen, CEO, of Aviagen, IB Group has solidified its position as a formidable force in the poultry landscape, earning a well-deserved place among the top five poultry companies in Asia.

The celebratory moment was marked by an expressive ceremony where Peter Fischer, representing Aviagen, presented accolades to Mr. Bahadur Ali, Managing Director of IB Group, alongside Ms. Zoya Afreen Alam, Director, and Dr. R.K. Jaiswal, President of IB Group. This milestone not only reflects IB Group’s impressive growth trajectory but also symbolizes the collective efforts and unwavering dedication of its leadership and employees.

Reflecting on this momentous occasion, Mr. Bahadur Ali remarked, “Our decade-long association with Aviagen has been instrumental in driving IB Group’s exponential growth. With Aviagen’s unwavering support, we are steadfast in our commitment to achieving a notable 25% year-on-year expansion in our poultry business.” He further emphasized IB Group’s commitment to empowering rural communities and addressing the burgeoning demand for nutritious protein in India by supplying sustainable, affordable, and nutritious protein to meet the evolving needs of the country’s growing population.

As it celebrates this momentous achievement, IB Group reaffirms its unwavering commitment to excellence, sustainability, and societal impact, setting a shining example for the industry at large.

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