Tag: Business

  • World’s Only Combined Trade Show for Incense, Fragrances, Soap & Detergent Industry, Incense Media Expo 2023, To Be Held in Mumbai from 6 to 7 May 2023

    World’s Only Combined Trade Show for Incense, Fragrances, Soap & Detergent Industry, Incense Media Expo 2023, To Be Held in Mumbai from 6 to 7 May 2023

    Incense Media Expo 2023, To Be Held At Mumbai From 6 To 7 May 2023

    Valued at close to USD 1 Billion, India’s agarbatti or incense sector is likely to grow at 15% annually.

    The Indian soap market is valued at approx. USD 3.5 billion presently and likely to touch USD 5 billion by 2027, whereas the Perfume market in India adds almost 600 – 800 crore every year to its market size.

    Mumbai (Maharashtra) [India], April 25: Spread over 100,000 Lakh sq ft area, “Incense Media Expo”, India’s leading combined trade fair for Incense, Fragrances, Soap & Detergent industry, shall be held at the Bombay Exhibition Centre, NESCO, Goregaon East, Mumbai INDIA from 6 to 7 May 2023. This unique exhibition is an ideal opportunity for retailers, wholesalers and distributors to expand their business by connecting with manufacturers/suppliers of Incense sticks, Fragrances, Spiritual accessories, Soaps & Detergent, Toiletries & Cosmetics, as well as allied industries like packaging, machinery, e-commerce providers etc.

    Valued at close to USD 1 Billion, India’s agarbatti or incense sticks sector is slated to grow at 15% annually. The import policy of agarbatti and other odoriferous preparations which operate by burning was revised from free to restricted, resulting in a boost for the domestic industry. Since the majority of units are from the MSME sector that is unorganized and fragmented, this move enhanced their competitiveness and enabled modernization to improve productivity. This has also boosted India’s exports to almost INR 1000 crore during 2022 garnering a significant 10% share of the global market.  The Indian soap market is valued at approx. USD 3.5 billion presently and likely to touch USD 5 billion by 2027, whereas the Perfume market in India adds almost 600 – 800 crore every year to its market size.

    Says Deepak Goyal, Organizer of Incense Media Expo, “Our B2B media house has been engaged in the development of Indian Incense-Fragrance (Perfume), Soap-Detergent, Tea & Coffee and Footwear Industries through Publications, Exhibitions, Business Promotion Events & Conferences. A platform like this gives participants – especially MSMEs – a cost-effective opportunity to penetrate the national and global markets.”

    Informative seminars and workshops on incense-making techniques and on the process of creating beautiful fragrances shall also be held on the sidelines of the Incense Media Expo 2023. The expo has more than 165 exhibitors and is expected to be attended by 10000+ decision-makers.

    The main sponsor of Incense Media Expo 2023 is Tamil Nadu-based Delta Brand, whereas the other sponsors are Norex Flavours, Oceans Deep Printers, La Whiff Fragrances, Azelis Ashapura, Affarom, Hari Darshan, Laxmi Products, Aromatika, Singapuraship and Ikta Aromatics Ltd. Other sponsors are Shimmer Sugandhiya, Forest Fragrance, Nikhils Agarbatti and Ram Aromatics, with Fragrance and Flavour Development Centre (FFDC) being the technical partner.

    Visitor registration is free online at

    https://incensemedia.in/event/incense-media-expo-2023/ till 3 May 2023, while “on-the-spot” visitors will be charged a fee of Rs. 100 for entry. For more info, please

    visit website: www.incensemedia.in

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  • The Modi Family’s Quest for Comfort and Sustainability: The Rise of Spread Home

    The Modi Family’s Quest for Comfort and Sustainability: The Rise of Spread Home

    New Delhi (India), April 25: Once upon a time, in 1999, the Modi family, who had been in the textile industry for over 50 years and had previously printed fabric for export houses, founded Spread Home Products Pvt. Ltd. with a mission to make the most of life’s simple pleasures and provide customers with timeless interiors that offer superior comfort and luxury.

    Founded by Inder Kumar Modi (father), Mohit Modi, and Sarika Modi (husband and wife), Spread Home quickly made a name for itself by sourcing the highest quality products from all around the world and paying close attention to detail in everything they did. They are the first to introduce the latest fashion and technology in India, such as Micro Fibre Duvets & Pillows, Tencel Fabric Bedding, Air Cotton Towels, and High Thread Count Sheets, and they became a pioneer in the home decor industry.

    As the sole distributor for some of the most well-known international brands, such as Esprit, United Colors of Benetton, Biederlack, Tom Tailor, Pierre Cardin, and Spirella, Spread Home’s products were available at over 300 furnishing stores across 40 cities in the country. The company’s commitment to quality is recognized by the industry and is awarded as Best Home Brand by Shoppers Stop for 5 consecutive years.

    But Spread Home’s mission is not only to provide comfort; they are also committed to sustainability. The company took steps to stop animal cruelty by discontinuing down & goose feather quilts and pillows and started using sustainable materials like vegan leather and bamboo cane. They also moved to sustainable packaging by ditching PVC packaging and moving to fabric packaging.

    One of the company’s most popular products was its Doctor Pillow which is highly recommended by orthopaedics and physiotherapists for cervical pain. Spread Home also has quilts not only for winter but also for summer, which are extremely lightweight quilts. One of the major positives is that Spread Home also uses Aloe Vera gel, lavender essence, and eucalyptus essence in pillows and quilts, making them more of an experience rather than just products.

    Their highly absorbent and soft towels made in Turkey from 100% cotton are a favourite among customers. The company’s commitment to quality and sustainability makes Spread Home a top choice for those looking to create a comfortable and luxurious home!

    For more details, you can connect arul@sparebees.com and fareenafsal@sparebees.com

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  • Fresh Bus Launches New-Age EV Fleet on Bengaluru-Tirupati Route, Targets 1000+ buses Pan-India by 2026

    Fresh Bus Launches New-Age EV Fleet on Bengaluru-Tirupati Route, Targets 1000+ buses Pan-India by 2026

    Fresh Bus is launching 24 electric buses this month on Bengaluru-Tirupati and Hyderabad-Vijayawada routes

    In the next phase, the EV Bus platform will commence services on the top 100 routes across India

    Fresh Bus electric buses have a range of up to 400 km on a single charge

    Bengaluru/New Delhi (India), April 25: Fresh Bus, a new-age intercity EV bus service, announced the launch of its first electric bus fleet on the Bengaluru-Tirupati route today. With state-of-the-art electric buses, Fresh Bus aims to provide a futuristic alternative for a convenient, affordable, and environment-friendly intercity bus travel experience in India. The newly launched Fresh Bus is a 12 m premium coach with a capacity of 45+ seats. Fresh Bus services are currently available on the Bengaluru-Tirupati route at a special inaugural price of Rs 399 per seat. The company will also commence services for the Hyderabad-Vijayawada route later this month.

    With 0-100% charging within 2 hours,  Fresh Bus can travel up to 400 km at a maximum speed of 90 km per hour. Fresh Bus is also equipped with a range of innovative features to offer a premium flight-like in-cabin experience to intercity bus travelers in India. The smart buses aim to elevate the bus travel journey with features like noise-free, fully air-conditioned cabins, comfortable seating, uniformed and friendly crew, 45° seat recline, best-in-class seat pitch, IOT-enabled real-time air-quality and temperature monitoring, amenity kits, personal charging docks, Wi-Fi, real-time tracking, and more.

    Fresh Bus aims to revolutionize bus travel in India with a strong emphasis on customer experience and passenger safety through strict safety guidelines, vehicle inspections, and well-trained drivers. Fresh Bus crew of drivers are vetted through a rigorous process including alcohol level checks, random drug testing and regular training and driving quality checks. The e-bus service also provides 24×7 real-time assistance to travelers through the Fresh Bus app and customer support center. The Fresh Bus fleet is equipped with enhanced safety features to ensure passenger safety, including regenerative braking, temperature sensors in batteries, CCTV surveillance, medical kits, on-board fire extinguishers and a pink seat feature for female travelers.

    Mr. Nitin Gadkari, Minister of Road Transport and Highways India congratulated the Fresh Bus team on the launch. “I would like to extend my heartfelt congratulations to the amazing team behind this innovative venture and to ixigo for backing Fresh Bus’s vision of creating a professional, modern, pan-India sustainable inter-city bus operator, upholding our vision of  Atmanirbhar Bharat,” he said. “Electric Vehicles are the future of transportation, and new-age professional bus brands such as Fresh Bus will usher in a new era of travel that is cost-effective and green. This will also promote the ecosystem of Electric Vehicles and create new jobs for young tech professionals in our country. This is a testament to the fact that we can achieve sustainable development while promoting economic growth.”

    Speaking on the Fresh Bus experience and the company’s expansion plans, Sudhakar Reddy Chirra, Founder of Fresh Bus, said, “Fresh Bus will focus on premium quality and customer experience to make bus travel an elevated travel experience for all. We are initially launching 24 electric buses this month across Bengaluru-Tirupati and Hyderabad-Vijayawada. In the next phase, we will start services on the top 100 routes across India, covering routes from/to Delhi, Chennai, Mumbai, Ahmedabad, Goa, Pune and more. By the end of 2026, we expect to scale to 1000+ electric buses, set up 100+ charging stations pan-India and save over 4000 hectares of the forest!”

    The Bengaluru-based EV bus startup had raised ₹26 Crores in seed funding from ixigo (Le Travenues Technology Limited) earlier this year. Unlike existing inter-city bus aggregators, Fresh Bus is a full stack technology-enabled smart bus operator, building and owning the customer experience for travelers end-to-end across finding, tracking and booking their electric intercity buses via the FreshBus website.

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  • Renowned interior designer Alia Mukhtar Sheds Light on her entrepreneurial venture AMID

    Renowned interior designer Alia Mukhtar Sheds Light on her entrepreneurial venture AMID

    New Delhi (India), April 25:  Alia Mukhtar, a well-known interior designer in India, has made ripples in the industry with the debut of AMID. The company’s goal is to provide an innovative and client-centric approach to interior design. AMID, an interior designing firm dedicated to providing bespoke design solutions that blend functionality and aesthetics, is making waves in the industry.

    When you hire AMID, you won’t have to worry about anything other than enjoying the finished product. Alia Mukhtar’s background and education in interior design and business management from London’s Aston University have been crucial to the growth and development of AMID. She recognizes the need to tailor the firm’s design process to each individual customer.

    AMID’s comprehensive approach to interior design is another factor that sets the brand apart in the industry. The firm’s services cover the entire design process, from the initial concept to the final touches of customizing in-house furniture and crafted decor pieces.

    For Alia Mukhtar, being a designer is a tough job requiring creativity and hard work. “It’s little glamour with much grunt,” she says. But her dedication and passion for her work have made her successful in the industry, and she’s excited to expand her brand and broaden her horizon by designing different typologies.

    I can’t wait to widen my horizons and help the company grow by developing new types of fonts. Alia exclaimed, “I am overjoyed at the newest development of AMID in Dubai and look forward to more opportunities in Dubai.”

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  • Shivdutt Das joins Vishwa Samudra Holdings as Executive Director

    Shivdutt Das joins Vishwa Samudra Holdings as Executive Director

    Shivdutt Das joins Vishwa Samudra Holdings as Executive Director

    Hyderabad (Telangana) [India], April 25Vishwa Samudra Holdings, Hyderabad, holds an interest in Investments, Infrastructure, Ports, Dredging, Renewable Energy, Real Estate, Healthcare, Education, Shipping, Logistics and Aviation amongst its leading business in its recent announcement elevated Shivdutt Das from one of its flagship subsidiary companies to the parent entity board as the Executive Director.

    He shall closely work with the Chairman Mr. Chinta Sasidhar on the group vision.

    Shivdutt who has successfully managed very senior level roles for last 23 years in organisations like United Spirits, ICICI Prudential, Bharti AXA, Tata AIA, Reliance Nippon and D Y Patil Group now shall be directly responsible for the group level corporate strategy and finance function.

    At a stage when the organisation is growing rapidly with its strong asset base, order book crossing 2 bn USD and estimated annual turnover of half a billion USD in current year Shivdutt comes in to drive the group towards a solid foundation and sustainable growth. Finance with focus on Treasury, Strategic Planning, Company Secretary, Legal, Compliance, Risk, IT and Human Resources will be his key impact areas apart from leading the international business based out of Middle East.

    VSH, is actively looking at expanding its operations footprint beyond India in the American East Coast, Latin America, Central and West Africa, Western Europe and Indian Subcontinent across business lines which will be overseen by Shivdutt.

    Vishwa Samudra Group https://vishwasamudragroup.com/

    The Vishwa Samudra Group, is a multilateral business conglomerate headquartered in Hyderabad, India.

    A rapidly growing group with a strong presence in India, with over 25 companies that started its roots at the Krishnapatnam Port in India, also has business interests in various countries like Singapore, USA, UAE, France, Guyana, Maldives, Germany, and more, panning across various verticals – Infrastructure & Engineering, Construction, Logistics, Shipping Services, Maritime Services, Manufacturing, Commodity Trading, Security Services, Port Operations, and Real Estate.

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  • Sandeep Choudhary Launches Tree Plantation Drive on World Earth Day to Combat Climate Change

    Sandeep Choudhary Launches Tree Plantation Drive on World Earth Day to Combat Climate Change

    New Delhi (India), April 25: SAVE EARTH MISSION is launching a massive plantation drive on Earth Day which is on April 22, 2023. This is one of the largest tree plantation drives, to raise environmental awareness and motivate people to support the cause of growing more trees. The initiative aims to inspire individuals to make a positive impact on the environment and take a pledge for a greener earth.

    SAVE EARTH MISSION is a community-based solution to one of the biggest problems faced by modern human – climate change, and was started by Save Earth Activist Sandeep Choudhary. The plantation drive will be launched from Jaipur where Mr Choudhary will be leading the plantation drive with hundreds of community members.

    The plantation campaign is an excellent opportunity for individuals to contribute towards a greener earth and make a positive impact on the environment. Save Earth Mission encourages everyone to participate in the campaign and pledge towards a greener earth.

    The aim of the initiative is to mitigate the impact of climate change and strengthen the resilient capacities of the nation against the current environmental crisis.

    Sandeep Choudhary is a prominent SAVE EARTH ACTIVIST and promoter of SAVE EARTH MISSION.  His path-breaking achievements as an entrepreneur and thoughtful initiatives as a Save Earth activist have been recognized by the government and several national and international agencies. He left behind his co-founded VC-backed multi-million-dollar business to work on the noble mission of saving Earth from global warming.

    For years, Sandeep Choudhary has been a part of several initiatives that have worked towards making the world a greener and healthier place for its inhabitants. Through SAVE EARTH MISSION, Sandeep Choudhary has constantly been working to generate awareness of global warming and climate change impacts. Under Mr. Choudhary’s vision and leadership, the mission has championed a noble cause of reducing carbon footprint and bringing forth the issue of global warming and climate change.

    Through his climate tech company and strong community behind the world’s largest movement – SAVE EARTH MISSION, he is taking his efforts towards protecting Mother Earth. The aim of the mission is to mitigate the impact of climate change and strengthen the resilient capacities of the nation against the current environmental crisis.

  • Businessman Rupesh Pandey Partners with Balaji Groups’ Chairman, Satish Shetty, for Affordable Housing Initiative in Mumbai’s SRA Projects

    Businessman Rupesh Pandey Partners with Balaji Groups’ Chairman, Satish Shetty, for Affordable Housing Initiative in Mumbai’s SRA Projects

    Mumbai (Maharashtra) [India], April 25: In a landmark partnership, businessman Rupesh Pandey has joined forces with Mr. Satish Shetty, Chairman of Balaji Groups, to bring affordable housing to Mumbai’s Slum Rehabilitation Authority (SRA) projects. The collaboration was announced on the auspicious occasion of Akshaya Tritiya, the first festival of the Hindu New Year, as a sign of new beginnings and prosperity.

    With the tagline “Ek Kadam Sapno ki Aur” (One Step towards Dreams), Rupesh Pandey’s company emphasizes its dedication to making affordable, dream homes a reality for the city’s common and special residents. The partnership with Balaji Groups, one of Mumbai’s largest builder groups, will enable the duo to offer affordable housing options in Mayanagari Mumbai, simplifying homeownership for many in a city known for its high cost of living.

    The partnership agreement between the two groups was signed on the very same auspicious day, symbolizing a commitment to bring about positive change in the lives of Mumbaikars. As demand for housing continues to grow in India’s financial capital, this partnership aims to bridge the gap between supply and affordability for those in need.

    Rupesh Pandey emphasized that this collaboration is a step towards fulfilling the dreams of the common people in Mumbai, who often struggle to find affordable housing in the city. With the support of Balaji Groups and the expertise of Mr. Satish Shetty, this joint venture is poised to make a significant impact on the city’s SRA projects and uplift the lives of many Mumbaikars.

    Mr. Rupesh Pandey and Mr. Satish Shetty have jointly decided to Undertake the redevelopment of this SRA Project Under the name of M/S Lord Balaji Infra Projects.  They are doing Shubharambh of this venture with Indian Biggest SRA Project approved in CUFFE PARADE Sea Touch area with approx 33 acres and with7000 satisfied Tenants, followed by 2 biggest SRA Projects 1st in Worli at Jijamata Nagar with 17.5 Acres with 4400 happy tenants and 2nd in Colaba at Shivshastri Nagar with 17000 Sq Mts with 660 Happy Tenants.

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  • Star Housing Finance Limited, a Rural Focused Home Finance Company  Posts 100%+ Y-O-Y Growth in FY ’2022-23

    Star Housing Finance Limited, a Rural Focused Home Finance Company Posts 100%+ Y-O-Y Growth in FY ’2022-23

    REGISTERS STRONG OPERATING AND FINANCIAL RESULTS. WELL POISED TO CONTINUE MOMENTUM

    Mumbai (Maharashtra) [India], April 25: Star Housing Finance Limited (Star HFL), (BSE Scrip code BOM: 539017) a rural-focused home finance company, has recorded robust performance for the year ending Mar 31, 2023

    The Board of Directors have today approved the full-year audited financial results. FY’2022-23 has been the first operational year wherein Star HFL has registered 100%+ y-o-y growth. The scale-up under a strong underwriting and risk framework has resulted in build-up of quality retail low-ticket home loan book

    Key Operational & Financial Highlights:

    Gross Loan Book: The gross loan book as of Mar 31, 2023 has increased y-o-y by 136.33% inching towards Rs.250 crs mark during FY’2022-23

    Build up of Quality AUM: Focused in house receivable management program with strong customer engagement through the loan life cycle has resulted in PAR (0+ dpd) getting reduced from 27.2% as of Mar 31, 2022 to now 5.06% as on Mar 31, 2023. Incremental book since Oct 2019 is 98%+ retail (average ticket size of 12-13 lakhs) having PAR of 0.68% and zero NPA

    As of Mar 31, 2023, GNPA stands at 1.68% and NNPA stands at 1.25%

    Geographically Diversified Scale Up: The AUM is build across the states of Maharashtra (Extended Mumbai Region: 25%, Extended Pune Region: 26%, Vidarbha Region: 11%), Madhya Pradesh (10%), Gujarat (5%), Rajasthan (18%) and Tamil Nadu (5%)

    During the year Star HFL has doubled its physical presence to now 14 branches. Coupled with digital PoPs, the Company is now present at 30+ locations across operational geographies with a staff count of 150+ employees, more than 40% of which are in underwriting and collection functions at branches

    Net Worth crosses Rs.100 crs: Star HFL has successfully raised capital in two rounds in FY’2022-23 which saw participation from reputed professionals from capital markets and BFSI space. The shareholding profile is augmented with participation from individual investors, institutional entities, a family office and an FPI. Star HFL now has an eco-system of more than 6500 shareholders. Courtesy these rounds, the net worth has crossed Rs.100 crs and stands at Rs.106.42 crs as of Mar 31, 2023.

    Strong Liability Machinery: Star HFL has relationship with public sector banks, private sector banks, financial institutions and the National Housing Bank. During the year the Company has raised fresh term loans from 11 banks and FIs with current outstanding of Rs.111.6 crs. FY’2022-23 saw first term loan received from a social impact fund. Total borrowings outstanding as of March 31, 2023 is Rs.162.5 crs. Through the year, Star HFL has developed robust pipeline and shall continue to expand the engagement with other institutions in banking space

    Top Line Growth: For the 12 months period ending March 31, 2023, the total income increased by 92.32% y-o-y

    Expenses: Investment in quality manpower as required per the growth plan and related expansion in operational geographies has resulted in employee expenses increasing by 27.55% y-o-y. Total operating expenses have increased by 51% y-o-y primarily attributable to capacity creation for future build up and the scale up that happened in FY’2022-23.

    Bottom line growth: For the 12 months period ending March 31, 2023, PBT increased by 507% y-o-y. Removing the exceptional non-cash expense line, PBT has increased by 328% y-o-y. For the 12 months period ending March 31, 2023, PAT increased by 1021% y-o-y. Removing the exceptional non-cash expense line, PAT has increased by 467% y-o-y

    Employee Ownership Enabled: FY’2022-23 saw exercise of first tranche of ESOP I scheme ensuring participation of eligible employees as owners of the Company. Subject to all approvals and compliances in place, Star HFL looks forward to expand the ambit of employee ownership through further ESOP schemes through the growth journey

    Strong and Reputed Board: Star HFL is governed by strong and an independent board comprising of reputed professionals from BFSI space viz. Mr. Amlendra Prasad Saxena, (Ex GM, NHB); Mr. Ajith Lakshmanan (Ex ED of LIC of India), Mr. Pradip Kumar Das (ex-ED IDBI Bank) and Ms. Neelam Tater (Professional CA & CS)

    Outlook Upgraded: Taking a note of the Company’s growth, quality of the loan book, established processes and risk framework, profile of the management team and overall corporate governance, CARE ratings has upgraded the outlook of the company to “Positive” in the fourth quarter of FY’2022-23

    Financial Highlights – Key Financial and Operating Numbers / Ratios:

    Operating & Financial Performance (In Lakhs) FY2022-23 FY2021-22 Y-o-Y Change
    Disbursements 18679.81 3657.94 410.66%
    AUM (On Book + Off Book) 24599.06 10408.92 136.33%
    GNPA (%) 1.68% 2.15% -0.47%
    NNPA (%) 1.25% 1.65% -0.40%
    Interest Income                      3,234.89                           1,797.37 79.98%
    Total Income 3724.31 1936.54 92.32%
    PBT 801.63 131.91 507.71%
    PAT 697.99 62.22 1021.76%
    Borrowing O/s 16249.99 7847.79 107.06%
    Net Worth 10641.88 6409.85 66.02%
    Leverage(x) 1.53 1.22
    NIM (%) 11.90% 11.35% 0.55%
    ROE (%) 8.19% 1.06% 7.13%
    ROA (%) 3.18% 0.51% 2.67%
    BVPS (Rs.) 13.79 9.66 4.13
    EPS(Rs.)(Annualized) 0.929 0.372 149.73%

    * adjusted post bonus and split

    Speaking on full year performance, Mr. Ashish Jain, MD of Star HFL said, “The leadership team had resolved in the beginning of the financial year that FY’2022-23 shall be the beginning of the growth journey for Star HFL and we are happy to have walked the talk registering 100%+ y-o-y growth across key business areas, notably record disbursements during the year and resultant AUM growth. This growth is backed by robust processes and guidelines across operational areas and is governed by strong review mechanism at the level of senior management and the Board.

    Through liability program and capital raise, we have been able to mobilize funds to fuel the growth. Strong connect and follow up with customers has rationale PAR to lower single digits and this has provided us further confidence to grow our book.

    One feels that rural India story in housing courtesy rise in income levels, nuclearization, and physical/digital infrastructure development is set to unfold in coming years. Local level drivers in these geographies for growth in residential mortgages shall aid growth of rural focused housing companies like Star HFL. We as a team look forward to the exciting next few years for quality growth and create value for all stakeholders”

    Company Financials for FY2022-23 (Figures in Lakhs):

    Balance Sheet as at 31-03-2023 31-03-2022
    Assets
    Cash & Cash Equivalents            2,810.12                2,917.93
    Bank Balances Other than Cash & Cash Equivalents            1,272.73                   519.82
    Loans          22,807.76              10,231.46
    Investments               738.29                   857.79
    Other Financial Assets               320.69                   480.75
    Total Financial Assets          27,949.59              15,007.75
    Property, Plant & Equipment               219.17                   104.23
    Intangible Assets               156.45                     52.73
    Rights to Use Assets                       –                       7.61
    Deferred Tax Assets (Net)                 76.12                     21.49
    Current Tax Assets (Net)                 86.73                     88.38
    Other Non Financial Assets                 62.75                     43.84
    Total Non Financial Assets               601.22                   318.28
    Total Assets          28,550.81              15,326.03
    Liabilities
    Borrowings          16,249.99                7,847.79
    Other Financial Liabilities            1,447.08                1,024.66
    Total Financial Liabilities          17,697.07                8,872.44
    Provisions                 14.92                     37.51
    Other Non-Financial Liabilities               196.94                       6.23
    Total Non-Financial Liabilities               211.86                     43.74
    Equity
    Equity Share Capital            3,857.91                1,658.22
    Other Equity            6,783.97                4,751.63
    Total Equity          10,641.88                6,409.85
    Total Liabilities and Equity          28,550.81              15,326.03

     

    Profit & Loss Statement for year ended 31-03-2023 31-03-2022
    Revenue From Operations
    Interest Income    3,234.89    1,797.37
    Fees & Commission Income       106.39         24.17
    Gain/loss on derecognition of financial Assets         29.90          7.34
    Net Gain/Loss on Fair Value Changes         15.01         11.21
    Other Operating Income       146.82         32.35
    Other Income       191.29         64.10
    Total Income     3,724.31     1,936.54
         
    Expenses    
    Finance Cost    1,128.84       617.01
    Impairment of Financial Instruments         62.70         50.97
    Employee Benefits expenses       950.25       745.01
    Depreciation and amortisation expenses         35.55         27.21
    Other Expenses       745.34       364.43
    TOTAL EXPENSES     2,922.68     1,804.63
    Profit Before Tax (I-II)        801.63        131.91
     – Tax Expenses
            – Current Tax       129.95         45.91
            – Deferred Tax       -26.31         23.77
    Profit For the period (III-IV)        697.99          62.22

    Star Housing Finance Limited (Star HFL) is BSE listed rural focused housing finance company. The Company has been operational in the affordable housing finance space since 2009. Star HFL provides long term housing finance assistance to EWS/LIG families towards purchase/construction of low-cost housing units (affordable housing) in its operational geographies. Star HFL is a professionally managed Company with a presence across states of Maharashtra, Madhya Pradesh, Gujarat, Rajasthan and Tamil Nadu. Star HFL is registered as a Primary Lending Institution (PLI) under the Pradhan Mantri Awas Yojana (PMAY) and has received subsidy for its qualified customers under CLSS scheme. Star HFL has its Registered & Corporate Office in Mumbai, Maharashtra.

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  • Transline Technologies Ltd bags major contract for Surveillance  Systems with Indian Oil Corporation Limited

    Transline Technologies Ltd bags major contract for Surveillance Systems with Indian Oil Corporation Limited

    New Delhi (India), April 24:  In a recent news coming out of the Indian Oil Corporation Limited, Delhi based Transline Technologies Limited has bagged a major contract for design, supply, installation, testing and commissioning of surveillance system and related works at IOCL’s operating locations, AFS and LPG plants throughout West Bengal.

    Transline Technologies Limited has been tasked with the functioning of CCTV Cameras, redundant servers, client workstations, storage devices, networking components, display monitors, poles, LED floodlights, VMS, and analytic software which will be integrated with the terminal automation system (TAS) for critical inputs.

    In our conversation with the Managing Director of Transline Technologies Limited, Mr. Arun Gupta said, “It is a major milestone for the company especially in the West Bengal region. Indian Oil Corporation Limited has always been the esteemed client we have wanted to work with, and the opportunity to finally have it happen is truly tremendous and of a great magnitude to us.”

    In further conversation, Mr. Arun Gupta said, “We will be tasked with creating an entire web of CCTV cameras, servers, client workstations, storage devices, networking components, display monitors, poles, LED floodlights, VMS, and analytic software which can prove to be a Herculean task for most companies but our experience in dealing with such tasks enable us to have a better edge than our competition.”

    The provision of surveillance systems in today’s time is one of utmost importance for most, and companies like Transline Technologies Limited are taking a foremost step in making this process easy and simple for their clients. This work between IOCL and Transline Technologies Limited can prove to be an example for modernity for other PSU’s and campuses across India.

    If you have any objection to this press release content, kindly contact pr.error.rectification[at]gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

  • Poora India bol raha hai Jai Bzinga! Hindi Game Show becomes popular amongst masses for its unique blend of fun-tainment and Bumper Prizes!

    Poora India bol raha hai Jai Bzinga! Hindi Game Show becomes popular amongst masses for its unique blend of fun-tainment and Bumper Prizes!

    Haarsh Limbachiyaa and Aditya Narayan

     ~ Bzinga was launched on 5th March on Zee TV and airs every Sunday at 5pm ~

    Mumbai (Maharashtra) [India], April 24: Bzinga has captivated audiences with its unique form of entertainment and has recently elevated its excitement level by presenting great prizes to its participants and winners. Hosted by Aditiya Narayan and Haarsh Limbachiyaa, the show has been airing since March and showcases challenging yet engaging tasks that amp up the fun quotient of the episodes. Viewers have responded positively to the show, tuning in every week to see their favorite competitors compete for the grand prize.

    So far, the episodes have showcased a range of contests, including Singhs vs Zatakiyas, a playful exchange between Gujarati and Punjabi families; Aakhand Kuware vs Shadishudas, a competitive showdown between unmarried and married men; Proper Patola vs Chatpati Chokris, an exhilarating competition between husbands and wives; and Traffic Police vs Autorikshaw Wale, a timeless duo that enjoys engaging in friendly competition.

    The latest episodes of the show have given away exciting prizes, such as a family vacation to Kashmir, a trip on the Cordelia cruise, a holiday in the Maldives, a staycation at the TAJ, and a Sony Bravia 4K TV, to contestants who have performed exceptionally well in all rounds. The collective value of all the prizes won so far is worth over Rs 7 lakh, which left the fortunate winners overjoyed and grateful to the show’s producers for the opportunity.

    Samir Gupta, Chief Business Officer, Bzinga, added “I am thrilled to see the response from the audience. The show’s innovative format and challenging games have kept viewers engaged, and the recent bumper prizes have left both the contestants and fans overjoyed. With the integration of Live-tv play along with the Bzinga app, we look forward to delivering high-octane excitement and winning for our audiences, celebrating families and their stories, and further solidifying our position as one of the most popular entertainment shows with a gaming platform like Bzinga on Indian television.”

    The Bzinga Hindi Show has become a sensation in the Indian television industry, credited to its innovative format and compelling content. The show’s loyal fan base eagerly anticipates every new episode, and with these latest prizes, it’s sure to gain even more viewers and solidify its position as one of the most popular game shows on Indian television.

    The show airs on Zee TV every Sunday at 5 p.m., and viewers can catch up on missed episodes on ZEE5.

    About Bzinga:

    Bzinga aims to enthrall every Indian with the ‘thrill of winning’ with the Bzinga App (available on the Play and App Stores) and a one-of-a-kind interactive TV show on Zee Keralam and  ZeeTv. It is a product engagement and discovery platform that creates a mutually beneficial ground to bring brands and consumers together. It is an innovative platform for customers, where they can play short, fun, and exciting games as well as win products at the lowest prices in the market through auctions, for brands, Bzinga provides a novel opportunity to test their products, conduct sampling exercises, and deploy the platform as a product discovery interface.

    If you have any objection to this press release content, kindly contact pr.error.rectification[at]gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.