Tag: Business

 Anticipation runs high as the Union Budget approaches, and the voices of India’s foremost entrepreneurs echo with expectations and aspirations. In this curated collection of quotes, visionary leaders articulate their insights on crucial fiscal policies, eagerly awaited economic reforms, and industry-specific hopes for the upcoming budget. Join the exploration of the collective vision of these leaders as they express their expectations for tax reforms, growth stimuli, and initiatives to foster a favorable business climate.

Dr. Faruk G. Patel – CMD of KP Group

Anticipating the ambitious targets set by the present government for the Renewable Energy sector, KP Group foresees further incentivization and promotion of R&D and production of green hydrogen in India, which is still at a very nascent stage. We also eagerly await any GST rate revisions for the renewable energy sector. Furthermore, embracing further R&D and adopting AI-driven technologies in the workforce can enhance overall efficiency and effectiveness within the industry. If all these elements are correctly connected, they can propel India’s renewable energy sector to grow by leaps and bounds.

Shrishti Sangal – Founder of My Money Panda

Based on our internal surveys, it has been observed that the representation of women investors is significantly lower compared to men. Several state governments offer reduced stamp duty for properties registered in women’s names. Similarly, implementing lower taxation on capital gains from mutual funds for women could contribute to boosting women’s ownership of financial assets.

Subodh Bajpai – Funding Guru of Unified Investments LLC

Despite these glitzy numbers, 2023 was a less-than-ideal year for the startup ecosystem in India. Given the Modi government’s push for entrepreneurship and startups, a lot rides on the upcoming interim budget. We seek a dedicated fund to help finance startups in the emerging industries. The budget must focus on improving the ease of business and enhancing innovation. Rather than just a set of numbers, I feel the budget holds the potential to act as the catalyst that propels Indian startups into a new era of unprecedented innovation and global influence. The government’s vision of making India a developed country by 2047 will require concentrated investment in education as well as the infrastructure sector as well. The budget must focus on grants and incentives for research and development in tech space, including fintech, clean energy, cyber security, agritech, and robotics.

Ajay Vaswani – Executive Director of Vaswani Group (Mumbai)

In the dynamic fiscal landscape of 2024–2025, Ajay Vaswani, Executive Director of Vaswani Group (Mumbai), highlights heightened expectations in the real estate industry. Developers are keenly observing the economic status, eyeing a substantial 15% increase in budgetary allowances. Anticipation for a robust $5 billion urban infrastructure fund dedicated to smart city projects adds to the industry’s optimism. The prospect of significant GST rate reductions on real estate transactions fuels hopes for regulatory reforms and tax benefits. Envisioning a progressive budget, Vaswani emphasizes a 20% increase to expedite Foreign Direct Investment and streamline approval processes, positioning the real estate sector as a linchpin in the nation’s economic resurgence.

Geet Gorani – Director of Blowhot Kitchen Appliances Pvt. Ltd.

Ahead of the 2024 budget, we anticipate favorable policies and targeted measures and incentives to support export-oriented manufacturing. Measures should be introduced to streamline and fortify the supply chain, ensuring efficiency and minimizing working capital requirements. The budget should facilitate easy access to finance for SMEs, fostering growth in the consumer durable sector.

We look forward to measures that boost consumer spending, directly impacting the industry’s growth and development.

Vinay Kanth Korapati – CEO & Founder of Business Mint Awards & Rankings

As we eagerly await the upcoming budget, I believe it’s a crucial moment for the government to recognize the pivotal role of business awards and media consulting in shaping the economic landscape. Investing in policies that foster innovation, support small businesses, and promote digital literacy will accelerate the industry’s growth and contribute significantly to the overall economic development. Let’s look forward to a budget that empowers businesses to thrive in the digital era and charts a course for a more robust and digitally inclusive future.

Chakshu Goyal – Director of Anmol India Ltd

“As an energy-dense source, coal will remain vital to Bharat’s economy. Factors such as increasing power generation capacity plans and increasing electricity demand with infrastructural development activities are expected to be some of the most significant drivers for the Indian coal market, and we expect that the budget will support the allied industries, leading to an increase in coal demand. At the same time, any steps to stabilize the prices would also be welcome”, 

Sachin Gupta – Chief Executive Officer & Whole-Time Director of Shareindia Securities Ltd

Despite being positioned in anticipation of general elections, the forthcoming interim budget is expected to address several key national objectives. As the country aspires to achieve a five trillion-dollar economy by 2030 or earlier, substantial capital expenditure (Capex) in infrastructure development becomes imperative. A heightened focus on sectors like roads, bridges, railways, and power grids is anticipated. To align with environmental sustainability goals, particular attention is urged for increased Capex in renewable energy, emphasizing the manufacturing of solar panels and wind power segments. Furthermore, the government is advised to incentivize manufacturing sectors that engage a significant portion of the population to facilitate employment generation. It may involve expanding the scope of Production Linked Incentive (PLI) schemes to encompass industries such as jewelry, garments, and handicrafts.

Key areas that merit government emphasis include defense infrastructure, power generation to meet escalating demand, the manufacturing sector, and initiatives promoting financial inclusion. Strategic planning and resource allocation in these domains are essential for achieving economic growth and national development objectives.

Jatin Mahajan – Managing Director of J Mitra & Company

If India’s Medical Devices Industry is to make a substantial dent in the global market, the Government must implement the following –

• The Export Promotion Council for Medical Devices (EPC-MD) must be strengthened. 
• There is a need to bring in Quality Standardisation and rationalisation and establish ICMED ‘at par’ with international standards like ISO, FDA, CE, MDR and AIMD.
• The Government’s decision to allow refurbished medical devices contravenes the National Medical Device Policy 2023 and must be reversed. 
• Inverted duty structure remains a long-standing woe of the medical devices segment and should, therefore, be corrected.

New Delhi (India), February 01: Naksh, originally an engineer known in the creative world as Madhuram Saarthi, has now unleashed his latest musical masterpiece, ‘Shikhar’, shaking the internet with its deep, soul-touching rhythms. This song isn’t just a track; it’s a voyage into the depths of your soul, promising to connect you with your deepest dreams and aspirations with every pulsating beat.

The backstory of Naksh is as captivating as his music. Confronted with life’s upheavals and a yearning for more, he made the bold leap from a secure engineering job into the vast, unpredictable world of music and arts. This transformative journey was fueled by his resilience, spirituality, and an undying passion for the creative arts, shaping him into the multifaceted artist he is today.

‘Shikhar’ emerged from a confluence of creative minds, including Naksh’s collaborations with fellow musicians who shared his vision and artistic ethos. This collaborative spirit has given birth to a song that is not just heard but felt, offering listeners an experience that uplifts and transcends.

Naksh’s transition from an engineer to a musical phenomenon encapsulates the essence of artistic reinvention. ‘Shikhar’ stands as a testament to his talent, devoid of any dance sequences yet captivating with its melodious depth and lyrical soulfulness.

With the release of ‘Shikhar’, Naksh not only cements his place in the music industry but also lights a beacon for aspiring artists everywhere, proving that with passion and perseverance, one can turn the tides of fate. The NAKSH channel, now a hub for Naksh’s creative outpourings, is fast becoming a sanctuary for those in search of music that resonates with the heart and soul.

Links: 

Stream Now:-  

https://www.youtube.com/watch?v=WIiJQa1TKqc

Marketing Partner: Om Sri Keshari

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Banglore (Karnataka) [India], February 01: From February 22-26, 2024, the 13th edition of INDIAWOOD will take centre stage, offering a comprehensive showcase of Woodworking and Furniture Production Technologies at the Bangalore International Exhibition Centre, Bengaluru. Featuring over 950 companies,from more than 50 countries, 75,000+ trade visitors and 75,000 SqMs of exhibition area.The event will offer a glimpse into the latest innovations, technology and offer unparalleled networking opportunities. 

INDIAWOOD 2024, the biggest in the history of the event, will bring together industry leaders, technology suppliers and buyers from around the world. It will also feature a comprehensive line-up of seminars, workshops, and panel discussions led by experts and thought leaders. 

Attendees will be able to explore cutting-edge Machinery & Technology, a rich array of Materials & Supplies, Fittings, Hardware & Components, and a spectrum of Industry Services. 

Co-located events include India Mattresstech & Upholstery Supplies Expo, along withWood+ in Architecture & Design and Surface in Motion India.

As one of the world’s leading events for woodworking and furniture manufacturing technology, INDIAWOOD 2024 in its record-breaking format is instrumental in defining future trends of the sector. The event consistently offers products, solutions, and content across the entirety of the woodworking and furniture manufacturing sector, offering the most curated platform for the visitors.

GLOBAL OPPORTUNITIES FOR THE INDIAN FURNITURE MANUFACTURING INDUSTRY 

Recently the Govt. of India launched the National Transit Pass System (NTPS) to facilitate seamless transit of forest goods across the country through a single permit, which will undoubtedly contribute to the ease of doing business and incentivize the entire value chain.

Furthermore, the Indian Forest & Wood Certification Scheme to promote sustainable forest management and agroforestry practices “PRAMAN” will play a crucial role in increasing the export potential of India’s wood-based products, especially furniture. 

The value of the Indian furniture market is pegged at $32 billion, with a compound annual growth rate of 20%-25%. Potential for exports is huge since India has only 5% share of the world market. Furniture exports increased sharply from INR 1952 crore (about USD 26 million) in FY 2013-2014 to INR 6790 crore (USD 820 million) in FY 2022-2023- which is a 248% growth. 

Additionally large Furniture Ecosystem is being developed with creation of furniture hubs such as International Furniture Park in Tamil Nadu, as also upcoming International Furniture Clusters/Parks in Karnataka, Madhya Pradesh, Uttar Pradesh, and Andhra Pradesh. These factorsaugur well for the “Woodworking and Furniture Production” Industry in India. The sector is expected to contribute significantly to India’s Growth of Exports, cater to local demand and is receiving tremendous technology impetus as well. 

“INDIAWOOD 2024 will be instrumental in highlighting the scope and aspiration of the woodworking and furniture manufacturing Industry in India,” stated Sonia Prashar, Managing Director, NuernbergMesse India “The upcoming edition is not only the biggest ever, but also reflects the massive strides the sector has taken in terms of production volumes and technology.”

THE EPICENTRE FOR INDUSTRY STAKEHOLDERS – DEFINING TRENDS AND INNOVATIONS

Furniture & Kitchen manufacturers, architects, interior designers, timber traders, saw millers, builders, contractors, hardware distributors, dealers from all over the country and neighbouring countries such as Nepal, Bhutan, Sri Lanka, the Middle East& other international countries will be a part of this 5-day mega event.

International countries including Germany, Italy, France, Malaysia, USA, Turkey will be represented via official pavilions.

Advanced technologies like CNC machines, automation, and digital design software have revolutionized precision, efficiency, and creativity in woodworking and furniture manufacturing. With the rise of urbanization and compact living spaces, the demand for modular, multifunctional, and space-saving furniture has surged. Indian manufacturers are aligning with global design trends, producing products that align with international standards and aesthetics.

INDIAWOOD 2024’s show floor will be a reflection of emerging technologies and trends, providing visitors with a unique opportunity to explore essential sector topics, exchange innovative ideas, and foster connections with new contacts.

Luigi De Vito, President, Eumabois (European Federation of Woodworking Machinery Manufacturers, SCM Group General Manager and SCM Wood Division Director is upbeat about the scope of the Indian market and Industry, “The Indian market is growing in sync with the global demand and is perfectly positioned to offer High-tech solutions and integrated systems that are specifically tailored to the needs of manufacturing companies who wish to improve and enhance their production performance. Accordingly, this might be the right momentum when European and Indian manufacturing have a unique opportunity to deepen their partnership and shape the upcoming industrial agenda in terms of trade, digitalization, and sustainability”.

A ROBUST SUPPORTING PROGRAM

INDIA MATTRESSTECH + UPHOLSTERY SUPPLIES EXPO (IME), held concurrently will have on display the latest technology for mattress production machinery and supplies, mattress finishing machinery and supplies, production tools and equipment, upholstery production technology, bed systems, new materials etc.

The third edition of ‘Wood+ in Architecture and Design (WAD)’, one day conference, to be held on the 24th of February will bring together Architects, Structural Engineers, Designers and Mass-Timber manufacturers to explore through panel discussions, expert presentations, and interesting case studies the application of wood as a construction material. www.w-a-d.in

Newest launch SURFACE IN MOTION, will be held on 23rd February, where top speakers will present the latest topics on decorative surfaces for wood-based materials.In this context, renowned experts from Europe and India will present topics such as decor design, the latest surface technologies, production processes and trends.

The impact of the event is summed up by Mr. Sivakumar Venugopal, Group Director, NuernbergMesse India, “INDIAWOOD, a catalyst for industry evolution, continues to redefine the landscape of woodworking and furniture production. Its influence is marked by technological strides, collaborative advancements, and a sustained commitment to shaping the industry’s future.”

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New Delhi (India), February 01: As the anticipation goes up for the upcoming interim budget 2024 in India, it’s worth looking at the most important demands and expectations from the budget.

All the sectors, be it agriculture, infrastructure, finance, education, manufacturing are likely to be benefited from the forthcoming budget. Anticipation about what’s to expect from the budget is growing fast

Few important points or expectations from the budget are As follows.

1) Lower and middle income taxpayers are hopeful that they will get some extra benifits like reduction of their tax liability and increase in tax slabs. In order to accelerate the financialization of household savings it’s widely expected that Govt would want to incentivize savings and investment by increasing the scope of various Deductions and excemptions.

2) Edtech sector which has registered healthy growth over the last few years looks at this budget with expectations of push from the Government’s side to boost Digital learning.

3) The budget is likely to focus significantly on infrastructure growth and push for more efficient and sustainable construction approach. 

4) Railway budget is likely to be focused on continued capital expenditure to boost the number of trains and specially to focus on safety with the introduction of Kavach indigenous anti train Collison system.

5) Agricultural sector is also expected to gain significant boost from the forthcoming budget

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New Delhi (India), February 01: Kolkata’s indie maestro, Siddhant Goenka, has once again struck a resonant chord with his latest Pop-Rock creation, “Farishtey,” released on 12/01/24. The song, a nostalgic homage to the 90s indie music scene in India, intertwines classic elements with a modern twist, offering listeners a soul-stirring journey through the realms of love, pain, and promises.

The melodic tapestry of “Farishtey” is woven with enchanting acoustic guitar riffs, soulful flute melodies, and a powerful fusion of electric guitar and drums. It’s a musical fusion that not only pays tribute to the golden era but also adds Siddhant’s unique touch to create an emotional landscape that resonates with the heart.

As Siddhant shares the genesis of the song, a fascinating tale of creative exploration emerges. Originally conceived as “Barish,” the song took an unexpected turn, starting with the bridge, breaking away from the conventional song structure. This bold move not only altered the song’s name to “Farishtey” but also showcased Siddhant’s willingness to embrace experimentation and transcend musical norms.

The lyrics of “Farishtey” are a poetic journey through emotional turbulence, using rain as a metaphor for the pain that lingers in memories. The line ‘Baarishon mei bheege hum’ echoes the sentiment of finding solace in the midst of life’s storms, inviting listeners to immerse themselves in a cathartic experience.

Siddhant’s songwriting process is a testament to his deep connection with a higher power. Tunes and lyrics flow together in a meditative state, creating a space where creativity meets spirituality. In the song, ‘Farishtey hai mujhse kahe aa chal tu ghar lot chal,’ there’s a nod to seeking divine intervention during challenging times, offering a glimmer of hope for a brighter future.

The accompanying video for “Farishtey” is a visual feast, blending AI tools with Siddhant’s fascination for medieval grandeur. It unfolds a cinematic narrative of a wounded king in battle, driven by a promise to return victorious to his kingdom. The video not only complements the song’s emotional depth but also showcases Siddhant’s commitment to innovative storytelling.

As Siddhant Goenka continues his musical expedition, he promises a cascade of new tunes in the coming year. With a commitment to embracing diverse sounds and genres, Siddhant invites his audience to join him on a musical exploration that goes beyond boundaries. Follow him on Instagram, Spotify, YouTube, and Apple Music to embark on this unique journey of musical discovery.

Youtube link:https://youtu.be/Kyl_WfTMxec?si=xhZwwpON87wH8di-  

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Bangalore (India), February 11: The Confederation of Indian Industries (CII) launched the Vikram Kirloskar Lecture Series on Green Mobility and Green Fuels in Bengaluru on December 12, 2023. The event saw many notable figures in attendance, including Nitin Gadkari, the Hon’ble Minister of Road Transport and Highways, who delivered an inspiring inaugural address. 

“Vikram was the statesman of the auto industry and always supported innovation, new technologies, and green energy. His commitment to ecology and the environment was remarkable. He built 25 green field projects in the auto industry. In the history of the auto industry, particularly in the context of green energy, Vikram’s name will be the first to be mentioned, and we will always remember him for that,” said Nitin Gadkari, Hon’ble Minister of Road Transport and Highways, Government of India, while delivering the Inaugural CII Vikram Kirloskar Memorial Lecture. 

The event also saw Mrs Geetanjali Vikram Kirloskar, Chairperson and Managing Director, Kirloskar Systems Private Limited, and Chandrajit Banerjee, Director General, CII, take the stage to address the audience. 

“This lecture series will provide a platform to carry forward his work on Green Mobility and will also set the tone for the industry to strive towards creating a seamless and sustainable mobility landscape. Vikram was deeply committed to CII in his role as President from 2019 onwards,” said Geetanjali Vikram Kirloskar.

Mrs Kirloskar also noted that her husband and Hon’ble Minister Nitin Gadkari shared a passion for new technologies, particularly in the space of mobility, and that the lecture sets the tone for the industry to strive towards creating a seamless and sustainable mobility landscape. 

The inaugural lecture series will focus on discussions and insights around green mobility and fuels and will aim to encourage adopting sustainable practices in India’s transportation sector.

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Mr. Siddarth Sharma, Co-founder-MoneyTree Partners

New Delhi (India), February 1: An interim budget, typical in election years, acts as a temporary financial plan until a new government introduces a comprehensive budget. Central to this is the ‘Vote on Account,’ approving essential expenditures. This provision prevents disruptions, ensuring financial continuity and stability during the transition between fiscal years.

What budget generally brings?
Budgets, be they special or regular, are crucial as comprehensive financial plans. They outline fiscal policies, allocate funds, address taxation, and manage deficits. Directing economic growth and prioritizing spending, budgets respond to unique circumstances. They instil confidence in investors and the public, showcasing financial prudence and a commitment to economic stability and development.

What is the View of Moneytree Partners on the Fiscal Budget 2024?

The view of Moneytree Partners on the Fiscal Budget 2024 is likely to be positive and optimistic, as the budget is expected to present a roadmap for a long-term plan linked to Vision 2047, which will help in ensuring a smooth transition of financial responsibilities until the next government assumes office. Furthermore, the budget is likely to adhere to the fiscal consolidation roadmap towards attaining a fiscal deficit of 4.5% by FY26, which may boost the confidence of the investors and the markets. Therefore, the view of Moneytree Partners on the Fiscal Budget 2024 is probably favourable and supportive of the government’s initiatives and policies. (www.moneytreepartners.com)

What are the expectations from this Budget?

The Intervals budget 2024 in India is anticipated to be displayed by Smt. Nirmala Sitharaman on February 1, 2024, ahead of the common decisions. The budget will diagram the assignments to continuous programs for the primary three months of the monetary year 2024-25, until the unused government is voted to power and presents the complete budget in July 2024. Here are a few of the key desires from the Fiscal budget 2024: – 

Financial combination

• The budget is anticipated to target a narrowing of the financial shortage as a rate of GDP to 5.30% in 2024-25 from 5.90% within the current year to end-March 2024. 
• The government is pointing to decrease the financial shortage to 4.50% of GDP by the conclusion of the 2025-26 monetary year.
• The budget will to show the re-examined gauges for FY 2023-24, demonstrating the advance made on the monetary solidification roadmap.

 Capital use

• The budget is likely to declare a 5–10% increment in line thing allotments, with a centre on prioritizing capital consumption in FY24-25.
• With a sharp increment of 33–37 per cent each year, India has seen a rising drift within the capital use (capex) over final three budgets. 
• The fund serve has said that ventures in foundation and profitable capacity have a huge multiplier effect on growth and employment.
• The budget will moreover set a guide for a long-term arrange connected to Vision 2047, which points to form India a $5 trillion economy by 2027. 

 Assess changes

• There are desires that the fund serve will make certain key assess declarations, such as rearranging the assess structure, rationalizing the assess rates, extending the charge base, and decreasing the tax litigation. 
• The budget may too present a few helps measures for the citizens, such as increasing the fundamental exception constrain, improving the conclusions beneath Area 80C, and amplifying the benefits of the lower corporate charge rate to all companies. 

Populist measures

• Being a race year, the budget may moreover incorporate a few populist measures to charm the voters, such as expanding the least bolster cost for agriculturists, growing the social welfare plans, giving appropriations for different divisions, and reporting jolt bundles for the pandemic-hit economy. 
• In any case, the budget will get to strike a adjust between populist measures and financial judiciousness, as intemperate investing may obstruct the monetary union endeavours and increment the inflationary pressures.

Why India performing better in international market?

India’s strong international market performance results from robust domestic demand, reduced reliance on external trade, policy reforms, and regulatory improvements. Consistent fiscal consolidation, meeting deficit targets, and an anticipated 20% YoY increase in capital expenditure for 2024-25 showcase India’s commitment to sustained economic growth and fiscal responsibility.

As India anticipates the Interim Budget 2024, the ‘Vote on Account’ is crucial for immediate financial needs. Expectations include a focus on fiscal consolidation, increased capital expenditure, and potential tax reforms. Rooted in strong domestic demand and consistent fiscal measures, India’s robust international market performance reflects resilience and global attractiveness, affirming strategic financial planning.

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Company can now bid for all government advertisements

Mumbai (Maharashtra) [India], February 1: Cressanda Railway Solutions Ltd (BSE: CRESSAN) formerly known as Cressanda Solutions Ltd., a leading private sector Railway auxiliary (concierge) service and digital media company, today announced that Central Bureau of Communication (CBC), (erstwhile DAVP), Ministry of Information & Broadcasting, Government of India has empanelled it as an agency for display of advertisements through train exterior wrap. CBC has also approved the rates submitted by the company. 

Speaking on the developments Mr. Arun Tyagi, Managing Director Cressanda Railway Solutions said, “Earlier we have acquired advertising and concierge services rights for 500 plus trains of Eastern Railways. CBC has now empaneled us as an agency for display of advertisements on those trains. This development will have a positive impact on our business, as we are now eligible to bid for public sector, Central government and State government advertisements.”

Recently, Cressanda Railway Solutions has completed acquisition of 51% stake in Mastermind Advertising Pvt Ltd. Company has also entered into the sale purchase agreement with SYN Developers and participated in the e-bidding process of Uttar Pradesh State Road Transportation Corporation for providing advertisement services on the exterior surfaces of 1500 plus buses across 16 regions of Uttar Pradesh. 

About Cressanda Railway Solutions Limited:

Cressanda Railway Solutions Limited (Formerly known as Cressanda Solutions Ltd) is an India based private sector Railway auxiliary (concierge) service and digital media company. The Company has embarked on a transformative journey to innovate, expand and integrate its technology offerings with capabilities to service large institutional opportunities. These service contracts will typically have deep societal impact besides having profitable and long-term financial profile. To deliver and successfully execute turnkey projects, Cressanda in its new avatar has partnered with Best-in- class partners and on boarded top-notch talent with deep domain expertise. The Company in its pursuit to achieve its goals has already bid for a large institutional concierge opportunity to enhance overall customer experience.

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New Delhi (India), February 1: CashKaro, a prominent platform specializing in cashback and discount offers, serves as the essential link connecting customers to a diverse range of merchants. Transforming the online shopping experience, CashKaro redefines the landscape through exclusive cashback offers and deals under its open cashback program.

Supported by the legendary entrepreneur Mr. Ratan Tata, CashKaro solidifies its position as a trusted choice for cost-conscious shoppers, merging savings with quality. This backing positions CashKaro as a game-changer in the online retail space.

In a technology-focused move, Cellecor and CashKaro have forged a strategic partnership spanning 100 stores, introducing cutting-edge smart. This collaboration guides consumers towards a more intelligent, connected, and smarter world.

CashKaro’s extensive network of retailers provides customers with access to special discounts, cashback, and exclusive deals. By integrating Cellecor’s Smart TVs with advanced technology, consumers stay on the forefront of technological innovation while enjoying unprecedented reductions on their purchases.

This partnership broadens the accessibility of Cellecor’s products, reaching from small-scale electronic stores to well-established retail chains, offering an extensive array of options for the latest in technology.

In the era of digitalization, Cellecor and CashKaro lead in innovation, creating an integrated connection between technology and consumer savings. This alliance aims to redefine how consumers engage with technology in the offline market.

Cellecor’s vision for this collaboration extends beyond immediate sales, aspiring to have a lasting impact on how customers perceive and interact with technology in the offline world.

How It Works:

Discover: Visit your favorite local store or chain partnered with CashKaro.

Choose: Explore the impressive collection of Cellecor products.

Shop: Purchase and receive exclusive discounts and cashback with CashKaro.

Experience: Immerse yourself in the world of technological advancement without breaking the bank.

Cellecor’s collaboration with CashKaro marks a significant shift in the online retailing of smart TVs, where cutting-edge innovation is paired with affordability in every purchase.

About Cellecor Gadgets Ltd.:

Cellecor Gadgets journey in electronics device business, and selling products in its own brand, including mobile feature phones, smartwatches, TWS (True Wireless Stereo) earbuds, neckbands, and LED TVs -outsources from various electronic assemblers and manufacturers, started in 2012 as M/s Unity Communications-its founder Mr. Ravi Agarwal’s proprietorship firm.

The company is promoted and managed with an enduring sustainable business strategy, wherein the Company is aiming to synergetic amalgamate business potential embedded in the ever-growing demand of electronic products with modern business approach of sourcing, producing, and marketing with an objective to provide quality products at affordable price. 

Today, Cellecor Gadgets Ltd is a leading name in the consumer electronics industry, known for its innovative and cutting-edge technology. With a commitment to making happiness affordable, Cellecor offers a diverse range of products, including mobile phones, smart TVs, speakers, neckbands, TWS, soundbars, smartwatches, Washing Machines, and many more.

The securities of the Company are listed on the NSE EMERGE (SME Platform of National Stock Exchange of India Limited) with Scrip Code: CELLECOR   

For further information, you may please visit https://cellecor.com/pages/corporate-announcements

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Company has successfully turnaround its business operations and reported excellent operational and financial performance during Q3FY24 on standalone basis

Ahmedabad (Gujarat) [India], February 1: Asian Granito India Limited (AGL), one of India’s largest Luxury Surfaces and Bathware Solutions brands has successfully turnaround its business operations and reported excellent operational and financial performance during Q3FY24 on standalone basis.

On standalone basis, Company reported net profit of Rs. 6.4 crore for Q3FY24 as compared to net loss of Rs. 10.2 crore in the corresponding period last year. EBITDA for Q3FY24 was reported at Rs. 15 crore as against negative EBITDA of Rs. 5.4 crore in Q3FY23. Net sales for Q3FY24 was reported at Rs. 320.2 crore.

On Consolidated basis, company has reported consolidated net loss of Rs. 8.1 crore for Q3 FY24, as compared to the net loss of Rs. 26.9 crore in Q3FY23. Consolidated Net sales of the company was reported at Rs. 371.1 crore in Q3FY24.

Exports for the Q3FY24 at Rs. 55 crores, rise 8% Y-o-Y. Exports for 9M FY24 was reported at Rs.148 crore comprising 17% of revenue

Mr. Kamlesh Patel, Chairman and Managing Director said, “Following a challenging last few quarters, we are happy to announce to our stakeholders that the company is successfully executing a turnaround in its business operations at standalone level. Company has achieved outstanding operational and financial results at standalone level for the third quarter and nine months ending December 2023. With unwavering focus and energy, the company is resolutely committed to realizing its long-term vision of attaining a total revenue of Rs. 6,000 crore.”

During Q3FY24, company inaugurated a 6,000 sq ft. company showroom in Delhi NCR which aims to provide one stop solution with all AGL products under one roof. The company also launched a 3,000 sq ft showroom in the vibrant market of Hyderabad showcasing 700 plus Glazed Vitrified tiles and Grand Slabs in all sizes, designs and finishes.

In a strategic move to offer comprehensive building materials solutions, company entered the Sanitaryware manufacturing sector. Building on the trust garnered, along with an expansive marketing and distribution network in the tiles segment, the company is poised to establish a strong presence in the Sanitaryware market. Anticipating significant growth, the company expects the division to achieve a turnover of approximately Rs. 400 crore within the next five years.

AGL Sanitaryware Pvt. Ltd has successfully completed the construction of the cutting-edge plant, marking a significant shift from third-party sourcing to internal manufacturing. Installed capacity of the sanitaryware plant is 0.66 million pieces per annum and the company commence commercial operation on 1^st October 2023.

Established in the year 2000, Asian Granito India Ltd manufactures and markets a wide range of Tiles, Engineered Marble and Quartz, Sanitaryware and Faucets. The Company has 235 plus exclusive franchisee showrooms, 12 company owned display centers and an extensive marketing and distribution network pan India with 14,000 plus touchpoints including distributors, dealers and sub-dealers in India. The company also exports to more than 100 countries.

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