Tag: Business

Mumbai (Maharashtra) [India], March 23: Dhruv Consultancy Services Limited. (DCSL) (BSE – 541302 | NSE – DHRUV), one of India’s established infrastructure consultancy firms, is pleased to announce that it has received the Letter of Award (LOA) from the National Highways Authority of India (NHAI) for providing Consultancy Services for the preparation of Detailed Project Report (DPR).

The project pertains to the capacity augmentation of the Varanasi–Jaunpur–Sultanpur–Lucknow stretch spanning approximately 44 km in the state of Uttar Pradesh. The contract has been awarded at a value of ₹3.95 Cr (excluding GST).

Project Overview

Under this mandate, the company will undertake comprehensive DPR preparation, including technical studies, feasibility assessments, and detailed planning for the capacity augmentation of this key highway corridor in Uttar Pradesh. The total project duration is 7 months.

This project marks another important addition to the company’s growing DPR consultancy portfolio and strengthens its positioning in the high-value design and engineering segment. It enhances the company’s credentials in handling complex highway infrastructure assignments, deepens its relationship with NHAI, and supports its strategy to expand presence across key geographies. 

Commenting on the development, Mrs. Tanvi Dandawate Auti, Managing Director, stated, “We are pleased to receive this DPR consultancy assignment from NHAI for an important highway corridor in Uttar Pradesh. This mandate reinforces our expertise in delivering detailed engineering and project preparation services for large-scale infrastructure projects. Our focus will be on delivering a high-quality, data-driven DPR that supports efficient project execution and long-term infrastructure development. We remain committed to maintaining the highest standards of technical excellence and timely delivery.

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Surat (Gujarat) [India], March 21: IBL Finance Ltd (NSE – IBLFL) a fintech-driven Non-Banking Financial Company has secured a LONG-TERM INVESTMENT GRADE rating of BBB- (Triple B Minus) with a Stable Outlook by the rating agency Acuité Ratings & Research Limited.

This achievement reflects the Company’s strong governance standards, prudent risk management practices, sound financial discipline, and robust compliance framework. The rating reinforces our credibility within the financial ecosystem and marks an important milestone in strengthening our market position and long-term growth strategy. With this rating, IBL Finance Limited is well-positioned to access capital at competitive rates, accelerate strategic investments, and further strengthen its leadership in the fintech-enabled lending space.

Key Strengths

1. Healthy Capital Structure

IBL Finance Limited maintains a strong capital position supported by a healthy net worth and comfortable capital adequacy levels. The Company has a net worth of ₹ 59.90 Crore as on September 30, 2025. IBLFL is listed on the NSE Emerge and successfully raised ₹ 33.40 Crore through its IPO in January 2024, strengthening its capital base to support future growth.

The Company’s gearing remained comfortable at 0.62x as on September 30, 2025, indicating adequate headroom for further borrowings. Additionally, the Company maintains a strong Capital to Risk-Weighted Assets Ratio (CRAR) of 57.27% as on September 30, 2025, significantly above regulatory requirements.

Post IPO, the promoters and the promoters group continue to hold approximately 63% shareholding, reflecting continued promoter commitment, while the remaining shareholding is held by public investors.

• Strong and Diversified Debt Resource Mix

The company has a well-diversified resource mix for debt raising. As of September 2025, approximately 21% of the total borrowings are raised through NCDs, while around 79% are sourced from Financial Institutions (FIs). Going forward, the company intends to further diversify its borrowing profile by raising funds through multiple channels, including NCDs, loans from FIs, and bank borrowings, with the objective of optimizing borrowing costs and maintaining a well-structured debt resource mix.

• Stable Asset Quality

The Company is engaged in Financial Institution (FI) lending and personal loans, with FI lending forming the core of its portfolio. As of September 30, 2025, approximately 90% of the Company’s AUM comprised FI lending to NBFCs (Secured), while the remaining portfolio consisted of personal loans.

As of September 30, 2025, the Company reported Gross NPA (GNPA) of 2.71% and Net NPA (NNPA) of 2.44%, indicating stable asset quality, compared to GNPA of 2.54% and NNPA of 1.99% as on March 31, 2025.

• Strategic Allocation of Lending Across Product Segments

The company has diversified its lending portfolio across multiple product segments through financing to Financial Institutions (FIs). As on September 2025, the portfolio (end use wise) is well distributed with 39.14% in Personal Loans, 15.65% in Business Loans (secured & unsecured), 12.00% in Vehicle Loans, 10.31% in Consumer Loans, 9.86% in Loan Against Property (LAP), 7.88% in Microfinance (MFI), and 5.16% in Gold Loan.

Financial Performance

Over the past few years, the Company has demonstrated strong and consistent financial growth with clear year-wise improvements across all key parameters. The Net Worth has increased significantly from ₹20.67 crore in FY 2022–23 to ₹59.90 crore as of September 2025, reflecting a robust growth of 190%. Similarly, Assets Under Management (AUM) have expanded sharply from ₹14.61 crore in FY 2022–23 to ₹94.13 crore in September 2025, marking an impressive growth of 544%, indicating strong business expansion and customer acquisition. On the profitability front, Profit Before Tax (PBT) has improved from ₹2.86 crore in FY 2022–23 to ₹2.99 crore in FY 2024–25, while Profit After Tax (PAT) has remained healthy, growing from ₹2.05 crore in FY 2022–23 to ₹2.36 crore in FY 2024–25, and standing at ₹1.24 crore for the half year ended FY 2025–26. In terms of asset quality, the Company has shown notable improvement with Gross NPA reducing from 5.19% in FY 2022–23 to 2.71% in September 2025, and Net NPA declining from 3.94% to 2.44% over the same period. Overall, the year-wise performance reflects a well-balanced growth strategy supported by improving profitability and strengthening asset quality.

About IBL Finance Limited

IBL Finance Limited (IBLFL), established in 2017, represents a new generation of financial services innovation in India. As a fintech-driven Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI) and listed on the NSE Emerge platform, stand at the intersection of traditional financial expertise and cutting-edge digital technology.

The Headquartered in Surat, Gujarat—one of India’s most dynamic business hubs—IBL Finance has established itself as a trusted financial partner for diverse customer segments. Our comprehensive product portfolio serves individuals seeking personal financial solutions and NBFCs looking for institutional funding partnerships. This diversified approach ensures that company remain resilient across market cycles while delivering consistent value to their stakeholders.

Since commencing operations in 2018, IBL Finance has achieved remarkable milestones: disbursing over ₹350+ crores in loans and serving 1.86+ lakh customers across India. This track record demonstrates company ability to scale operations efficiently while maintaining asset quality and customer satisfaction. Company’s pan-India presence ensures that it can serve customers wherever they operate, from metropolitan cities to tier-2 and tier-3 towns.

Disclaimer:Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political, or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. IBL Finance Ltd. will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

New Delhi [India], March 21: India’s entrepreneurial landscape is changing rapidly. More women today are launching businesses, leading MSMEs, investing in property, and building long-term financial assets than ever before. Their participation is not only reshaping households and industries but also strengthening India’s broader economic momentum.

Policy support for this shift has steadily grown over the past decade. Initiatives such as the Women Entrepreneurship Platform by NITI Aayog, Stand-Up India, and targeted MSME credit schemes signal a clear national direction — women must be central contributors to economic expansion.

Yet, despite this supportive policy ecosystem, access to structured and timely credit remains a practical challenge for many women entrepreneurs and professionals.

The difficulty often lies not in the lack of capability or ambition, but in navigating a lending environment that can feel fragmented. Eligibility frameworks vary across lenders, documentation expectations differ, and approval timelines are not always predictable. For borrowers seeking to expand businesses, raise capital against property, or formalise growing enterprises, these complexities can slow down important financial decisions.

A woman entrepreneur with stable cash flows and strong repayment capacity may still spend considerable time identifying the lender best suited to her financial profile. In several cases, viable borrowers approach multiple institutions before finding the right structure or approval framework.

The issue, therefore, is rarely creditworthiness.
 More often, it is clarity and alignment within the credit process.

“Women entrepreneurs in India are building serious businesses and creating real economic value, The opportunity today lies in making access to credit more transparent and efficient. When borrowers can clearly understand which lenders are aligned with their profile, the process becomes faster and far more productive.” says Nitin Khandelwal, Founder & CEO, OneNDF.

As women increasingly participate in asset ownership and enterprise creation, the demand for structured capital is becoming more visible. Borrowing today is driven by clear objectives — expanding MSMEs, acquiring residential or commercial property, investing in professional ventures, or strengthening long-term financial security.

What the ecosystem increasingly requires is greater transparency in how borrowers connect with lenders.

Platforms that bring together lender networks, eligibility insights, and structured advisory can help simplify this journey. By enabling borrowers to evaluate options across multiple banks and NBFCs in a more organised manner, the credit process becomes less about trial-and-error and more about informed decision-making.

In this evolving ecosystem, OneNDF is working to bring greater clarity to the borrowing process by helping borrowers understand lender expectations and identify institutions aligned with their financial profile.

Such efforts are particularly relevant at a time when India’s economic growth increasingly depends on broader access to institutional finance.

As more women build businesses and financial assets, enabling efficient credit access becomes more than a question of inclusion — it becomes an economic priority. Simplifying the pathway between borrowers and lenders ensures that capital flows where it is most productive.

When that happens, businesses scale faster, assets are created with greater confidence, and the overall economy becomes stronger.

In the coming years, the real measure of progress will not only be how many women enter entrepreneurship, but also how effectively the financial system supports their growth.

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Mumbai (Maharashtra) [India], March 21: ABS Marine Services Limited (NSE: ABSMARINE), one of the leading maritime companies offering comprehensive services in Ship Management, Vessel Ownership, Marine and Port Services, has successfully taken delivery of a 2009-built Offshore Support Vessel (OSV) “HADES” from the international market.

The acquisition marks a strategic addition to the Company’s owned fleet and aligns with its ongoing efforts to strengthen its offshore service capabilities. The vessel, with a gross tonnage of approximately 1,737 tons, was contracted for purchase during Q4 FY26 and is now officially inducted into operations.

Acquisition Highlights

• Vessel Name: HADES

• Type: Offshore Support Vessel (OSV)

• Year Built: 2009

• Gross Tonnage: ~1,737 Tons

• Source: International Market

• Strategic Purpose: Fleet expansion and offshore service enhancement 

Strategic Impact

The acquisition of Offshore Support Vessel “HADES” marks a strategic addition to ABS Marine’s owned fleet and strengthens its offshore service capabilities. This expansion is expected to enhance the Company’s operational efficiency by reducing reliance on third-party vessels and improving margin profile, while enabling participation in higher-value offshore assignments. The addition also provides greater control over service delivery and supports long-term revenue visibility through asset-backed operations. Overall, it positions the Company to capitalize on the growing demand in offshore and marine infrastructure segments, further reinforcing its competitive standing in the maritime sector.

Comment on Financial Performance Captain P.B. Narayanan, Managing Director of ABS Marine Limited said, “The acquisition of Offshore Support Vessel ‘HADES’ marks another important step in our journey of expanding our owned fleet and strengthening our offshore capabilities. This addition enhances our ability to cater to evolving client requirements across offshore and marine services. We remain committed to building a robust asset base that supports sustainable growth and reinforces our position in the maritime sector.

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Kolkata (West Bengal) [India], March 21: NIS Management Limited, (BSE – 544495), One of leading integrated services platforms, specialising in security, facility management, electronic security, and skill development, has announced its subsidiary, NIS Facility Management Services Private Limited, has received a Letter of Intent from West Bengal Electronics Industry Development Corporation Limited for restoration of CCTV cameras under the “CCTV Project and OFC Backbone Project in NKGSCCL” covering the entire New Town area.

The scope of work includes restoration of CCTV cameras through Optical Fibre Cable (OFC) laying along with installation of related accessories, ensuring seamless surveillance coverage and robust network connectivity across the region. The project is aimed at strengthening the existing urban surveillance infrastructure, improving monitoring capabilities, and supporting smart city initiatives in New Town. The total value of the contract stands at ₹56.01 Lakhs (inclusive of all applicable taxes).

With increasing focus on urban safety, smart city development, and digitisation of public infrastructure, electronic security and CCTV-based projects are witnessing strong demand from government bodies and municipal authorities. Such projects typically offer better margin profiles compared to traditional facility management services, driven by higher technical intensity, integration capabilities, and value-added service components. This positions the Company favourably to enhance its service mix and improve overall profitability over the medium term.

Commenting on the Development Mr. Debajit Choudhury Chairman & Managing Director, of NIS Management Limited said, “We view this as a testament to the dedication and expertise of our subsidiary’s team, and we are encouraged by the opportunity to collaborate with the West Bengal Electronics Industry Development Corporation Limited on this project. We believe continued stakeholder support will play an important role in successfully executing such initiatives.

This order further strengthens the Company’s electronic security capabilities while reinforcing its growing presence in government-led urban infrastructure and smart surveillance projects, and aligns with its strategy to scale higher-value, technology-driven service offerings.”

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Mumbai (Maharashtra) [India], March 21: Dosti Realty Ltd. has announced the launch of Dosti 604, a landmark residential development designed to reflect the evolving character of Wagle Estate and its emergence as a mixed-use urban hub. Spread across approximately 2.5 acres, Dosti 604 rises as one of the tallest residential towers in Wagle Estate, with 56 habitable floors reaching nearly 170 metres. The tower is designed by acclaimed architect Hafeez Contractor and features three residential wings supported by seven podium levels.

Positioned within Thane’s expanding commercial ecosystem, the project has been envisioned as a contemporary residential address offering panoramic views of Sanjay Gandhi National Park, while integrating modern architectural design with lifestyle-focused planning. The arrival experience begins with a landscaped entry deck that incorporates sculpture installations, seating zones, a skating rink, a cricket pitch and a Miyawaki forest designed to introduce pockets of greenery within the urban setting.

The development features more than 25 lifestyle amenities distributed across multiple levels of the tower. The podium leisure deck brings together a wide range of recreational and wellness facilities including lap and infinity-edge swimming pools, a kids’ pool, jacuzzi, party lawn and alfresco deck. Indoor lifestyle spaces include a health club, fitness centre, business centre, conference rooms and a banquet hall, reflecting the needs of modern urban professionals who increasingly blend work, leisure and social interaction within their residential environments.

At the upper levels, an elevated sky deck offers panoramic leisure experiences with amenities such as a sky gym, sunset lounge, stargazing corner, yoga lawn, outdoor cinema lounge, meditation pods and viewing decks overlooking the surrounding cityscape. The rooftop also features a pickleball court, among the highest in India, adding a distinctive sporting highlight to the skyline experience.

Strategically located within Wagle Estate, the project benefits from proximity to major arterial roads including LBS Marg, the Eastern Express Highway and Ghodbunder Road, while remaining approximately ten minutes from Thane railway station. Connectivity is expected to strengthen further with the upcoming Mumbai Metro Line 4 and the proposed Thane Ring Metro, with a station planned near Wagle Circle, just a minute from the development.

Commenting on the launch, Mr Deepak Goradia, Chairman and Managing Director, Dosti Realty, said: “Mumbai’s biggest real estate transformations rarely happen overnight. Areas like Lower Parel, Bandra-Kurla Complex, and Powai evolved from mills, marshland, and overlooked suburbs into thriving urban hubs following a familiar pattern where jobs arrive first, infrastructure follows, and homes come later. Today, Wagle Estate appears to be at a similar turning point, transforming from an industrial zone into a growing business district and driving rising demand for homes close to workplaces.

Dosti Realty has often been at the forefront of such transformations from Dosti Acres at Antop Hill, to Dosti Planet North in Shil–Thane, Dosti West County in Balkum, and Dosti Greater Thane in Kalher pioneering residential communities in emerging micro-markets that later evolved into sought-after neighbourhoods.”

Mr Anuj Goradia, Director, Dosti Realty, added, “Mumbai’s urban growth has always followed a recognisable pattern where commercial activity drives residential demand in the surrounding areas. Wagle Estate is currently undergoing one of the most significant transitions within Thane’s urban landscape. With Dosti 604, our objective is to introduce a residential address that complements this evolution by offering connectivity, thoughtful design and a lifestyle environment suited to the needs of today’s urban professionals.”

Sustainability has also been integrated into the project’s planning, with environmentally conscious features including solar-powered common areas, rainwater harvesting systems, groundwater recharge mechanisms and efficient waste management infrastructure. Landscaped open spaces and shaded walkways have been incorporated within the master plan to enhance everyday living while supporting eco-sensitive urban development. With its proximity to major corporate parks, reputed educational institutions, healthcare facilities and retail destinations, Dosti 604 aims to address the growing demand for premium residential options within Thane’s expanding business district.

As Wagle Estate continues its evolution into a dynamic mixed-use neighbourhood often referred to as the “BKC of Thane”, developments such as Dosti 604 reflect the broader shift towards integrated urban living where work, connectivity and lifestyle coexist within a single ecosystem.

With this launch, Dosti Realty continues its long-standing approach of identifying emerging micro-markets and shaping them through thoughtfully planned residential developments. As Wagle Estate’s transformation gathers pace, Dosti 604 marks another step in the developer’s vision of creating future-ready communities that combine connectivity, design excellence and long-term value within the Mumbai Metropolitan Region.

MahaRERA No. PR1330002502719

https://maharera.maharashtra.gov.in

About Dosti Realty

For over four decades, Dosti Realty has been a symbol of trust and excellence in real estate, transforming both locations and lives. Driven by a deep understanding of evolving customer needs, we have delivered 17 mn. sq. ft. across 143+ properties, shaping over 23,500 residences into homes where families thrive. Guided by our ethos, ‘Friends for Life’, we focus on thoughtful design, timeless architecture, and a seamless home-buying experience from regular construction updates to exceptional post-possession support. Through years of listening, learning, and innovating to meet the aspirations of homebuyers, we build more than just structures; we create spaces that foster connection, harmony, and a true sense of belonging. With over 21 mn sq. ft. of upcoming developments across Mumbai Metropolitan Region and Pune, including residences, schools, commercial spaces, retail, and IT parks, we remain committed to trust, transparency, quality, and timely delivery, building brighter futures and nurturing communities for generations to come.

Visit: www.dostirealty.com

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Mumbai (Maharashtra) [India], March 20: Buying bike insurance online is quick, but comparing it well takes a little time. The real difference between plans usually shows up in the details you only notice when you need a claim. If you want a comprehensive policy that fits your riding habits and budget, the smartest approach is to compare the same coverage elements across insurers, not just the premium on the screen.

In this article, you will explore comparing coverage, IDV, add-ons, exclusions, and claims support before buying online.

Know What Comprehensive Cover Includes

Comprehensive bike insurance generally combines third-party liability with own damage cover. That means it can protect you if you cause injury or property damage to others, and it can also help with repair or replacement costs for your own bike in situations like accidents, theft, fire, and certain natural events.

• Covers third-party injuries and property damage from accidents.
• Pays for your bike repairs after crashes, dents, or falls.
• Helps if your bike is stolen or totally lost.
• Supports losses from fire and certain natural calamities.

Together, these protections give you wider peace of mind, covering people, property, and your bike when unexpected trouble strikes today.

Create a Like-for-Like Comparison

A clean comparison happens when you align the building blocks and then evaluate value. Otherwise, you may end up choosing a cheaper premium that quietly removes the very protection you expected.

Confirm IDV and Declared Accessories

IDV is the declared value of the bike for insurance purposes and can influence both premiums and claim outcomes in major loss situations. When comparing comprehensive bike insurance plans, keep the IDV similar across quotes so you are not judging different value levels.

Compare Add-ons by Benefit, Not by Name

Add-ons are often where plans differ the most. The names may look familiar across insurers, but the benefit triggers, conditions, and exclusions can vary. If you ride in heavy rain, park in open areas, or make long commutes, you may value different protections than a weekend rider.

Check Excess and Depreciation Rules

Most comprehensive policies apply deductions during claims in some situations, depending on the parties involved and the policy terms. Some plans reduce this impact through add-ons such as depreciation-related benefits, but the scope can still be limited for certain components.

Judge the Plan by Claim Support

Premium matters, but claim support matters more. An easy-to-claim plan can save time, reduce stress, and eliminate the need for repeated follow-ups.

Cashless Repairs and Garage Network

Cashless repair options can make a real difference during an accident repair. Check whether the insurer has a strong network in your city and along your common routes. Also, look for clarity on how estimates are approved, how billing works at the garage, and what you may still have to pay directly.

Digital Claims and Documentation Clarity

Many insurers now support digital claim intimation and online status tracking. This is useful, but only if the steps are explained in plain language. Compare how each insurer guides you on reporting timelines, inspection process, and document submission, especially for theft or major damage cases.

Read Exclusions Through Real Riding Scenarios

Exclusions are not just legal lines. They define the situations where your bike insurance will not pay. Instead of scanning them, connect them to day-to-day riding.

Check for exclusions or limitations around:

• riding without a valid licence or required documents
• claims linked to intoxication or illegal use
• damage due to wear and tear or poor maintenance
• tyre, tube, or engine-related limitations unless conditions are met

If your ride includes monsoon traffic, uneven roads, or frequent parking outside, pick a plan whose exclusions do not clash with those realities.

Final Takeaway

The best comprehensive bike insurance plan is the one that stays predictable when you claim. Compare coverage, add-ons, deductions, exclusions, and claim support with equal attention, and the right choice becomes much clearer. When you do it this way, you are not just buying a policy; you are buying peace of mind for every ride.

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Gandhinagar (Gujarat) [India], March 21: Trom Industries Limited (NSE- TROM | INE0SYV01018), a fast-growing solar EPC and clean energy solutions company, has announced receiving a work order from the District Education Office, Bhuj, for the installation of rooftop solar systems across government schools. The project involves the design, supply, installation, and commissioning of rooftop solar systems across 17 government schools in Bhuj, with an order value of ~₹1.41 crore. The execution timeline for the project is one year, reflecting the company’s capability to efficiently deliver distributed rooftop installations across multiple locations.

This order marks a steady step forward in Trom Industries’ expanding presence within the government solar segment. It underscores the company’s execution strength in handling decentralized projects, which are increasingly becoming a key component of India’s renewable energy transition. The project is aligned with the broader push towards clean energy adoption and energy efficiency within public infrastructure, particularly in the education sector, where sustainable and cost-effective energy solutions are gaining importance.

With this order, Trom Industries continues to build traction in the public sector while maintaining consistent progress across its other business segments. The company remains well positioned to participate in the growing opportunities within India’s solar rooftop and distributed energy market.

Commenting on the order win, Mr. Jignesh Patel, Managing Director of Trom Industries Limited said: “This project strengthens our presence in the government solar segment and reflects our ability to execute multi-location rooftop installations efficiently. With rising clean energy adoption in public infrastructure, we see a steady pipeline of similar opportunities ahead.”

Disclaimer: This article is for informational purposes only and does not constitute financial advice.

L to R : Mr. Neeraj Choksi and Mr. Jignesh Desai, Co-founder and Promoter of NJ Group

Mumbai (Maharashtra) [India], March 20: In the dynamic world of Indian finance, some stories are inspiring, like the NJ group. Established in 1994 by visionary industry leaders Mr. Neeraj Choksi and Mr. Jignesh Desai, the company has grown humbly at a modest home office in Surat, which has become a powerhouse in mutual fund distribution across India.

Outside the university, Neeraj and Jignesh began their entrepreneurial journey at a time when mutual funds were still a relatively unfamiliar concept for most Indians. In the environment marked by scepticism and limited awareness, his faith in the transformational power of disciplined investment was firm.

Due to the initial challenges, the pair focused on educating people about the ability of mutual funds to build long term money. His unwavering commitment to financial literacy, investor empowerment, and moral practices quickly became the cornerstone of the NJ Group philosophy. By promoting trust, transparency, and frequent investor engagement, he laid a strong foundation, which will eventually revolutionise the distribution of financial products in the country.

Today, NJ Group not only stands as a commercial success story but also serves as a catalyst in shaping India’s investment culture, operated by two friends who turned the vision into reality.

As they built their network, the equity markets began to turn favourable, and NJ Group experienced exponential growth. Today, the firm has become one of India’s largest mutual fund distributors.

Over the years, NJ Group grew rapidly. They expanded from mutual funds into other areas like insurance and asset management. Today, NJ Group manages over 2,86,991 Cr. crores in assets and has more than 2557+ employees across 236+ locations in India. Their flagship business, NJ Wealth, has over 51,776 active distributors, all working hard to spread financial awareness and provide access to mutual funds.

Neeraj Choksi and Jignesh Desai have always believed that financial services should be available to everyone, regardless of their background. They understand that despite their success, there are still many challenges to overcome. Only about 3% of India’s population invests in mutual funds, which is far lower than in countries like the US and the UK. They see this as an opportunity a chance for young entrepreneurs and aspiring distributors to join them in changing the way people think about finance.

The duo is committed to empowering others to become mutual fund distributors, helping to create a network that can reach more people. They know that with increased financial literacy, more individuals can participate in the economy and improve their lives. As India looks toward a brighter future, Neeraj and Jignesh are excited about the potential for growth in the mutual fund industry. They encourage young people to see this as a career opportunity, emphasising that the stage is set for a financial revolution.

Their journey is not just about building a business; it’s about making a real impact on society. Neeraj and Jignesh often remind everyone, “Mutual funds sahi hai” a phrase that captures their belief in the value of investing. Their story is a powerful reminder that with hard work, dedication, and a desire to help others, anyone can achieve their dreams and contribute to a greater cause. The NJ Group continues to lead the way, inspiring countless individuals to join them in their mission of financial inclusion and prosperity for all.

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Ambassadors, policymakers and agribusiness leaders discuss pathways to strengthen Asia–Africa agricultural cooperation

Gurugram (Haryana) [India], March 20: India hosted a high-level diplomatic roundtable in Gurugram formally launched the Asia Africa Agri Alliance (AAAA) on 13 March 2026, a new institutional platform aimed at strengthening agricultural cooperation, trade, investment, and technology exchange between Asia and Africa.

The launch took place at The Leela Ambience Hotel, Gurugram, alongside the Maize & Millet Summit and Agri & BioWaste Conclave 2026, bringing together ambassadors, senior diplomats, policymakers, and agribusiness leaders from more than ten countries. The gathering marked one of the most prominent diplomatic–industry dialogues focused on agricultural collaboration between the two regions.

Asia and Africa together account for a significant share of global agricultural production, and bilateral agri-trade between the two regions already exceeds USD 90 billion annually. The newly formed Asia Africa Agri Alliance has been established as a Section 8 not-for-profit institution to create structured frameworks for trade partnerships, policy alignment, technology exchange and investment mobilisation across the agri-food value chain.

The roundtable was chaired by Atul Chaturvedi, Executive Chairman of Shree Renuka Sugars Limited, who highlighted the strategic importance of institutional collaboration between the two regions.

Speaking during the session, Atul Chaturvedi said that Asia and Africa possess complementary strengths that can significantly transform global agriculture. “Africa has vast agricultural potential and abundant arable land, while Asia has developed strong capabilities in processing, supply chains and agricultural technologies. Platforms such as the Asia Africa Agri Alliance can help convert this complementary strength into scalable partnerships that benefit farmers, industries and consumers across both regions,” he noted.

Senior officials and policy experts participating in the leadership roundtable included H.E Penny Rogers, UK Agriculture, Food and Drink attaché to India; H.E.Volker Klima Head of the Agriculture & Food Division, Embassy of the Federal Republic of Germany; H.E.Juan Manuel Velasco Counsellor, Department of Agriculture, Fisheries & Food for India & Seychelles, Embassy of Spain; H.E.Livante Kardos Trade & Commercial Attaché, Embassy of Hungary; H.E.Ajay Singh, Senior Advisor to the Commercial Counsellor (Start-Ups, New Corporates Science, Technology & Innovation), Embassy of Austria; H.E.Shilpa Banga, Senior Advisor to the Commercial Counsellor – F&B, Creative Industries, Healthcare, Embassy of Austria; Siraj Hussain, former Secretary, Agriculture, Government of India; Dr. Ashok Dalwai, Chairman of the Karnataka Agriculture Price Commission and former CEO of the National Rainfed Area Authority; Ambassador Ashok Das, former Ambassador of India to Brazil; and Ananya Ray, former Member of the Central Board of Indirect Taxes and Customs.

Addressing the gathering, Dr. Ashok Dalwai emphasised the growing importance of South–South cooperation in agriculture. “India’s engagement with African nations in agriculture has steadily expanded over the years. Platforms like the Asia Africa Agri Alliance can help deepen partnerships through knowledge exchange, technology collaboration and investment linkages that support sustainable agricultural growth,” he said.

The diplomatic roundtable also saw participation from representatives of several African and non-African diplomatic missions in India. Among the African representatives were officials from the embassies of Chad, Niger and Benin, while diplomats from countries including the United Kingdom, Germany, Spain, Hungary and Austria also attended the event.

During the discussions, participants examined key challenges that have historically limited deeper agricultural cooperation between the two regions, including regulatory alignment, investment readiness, market access and technology deployment. Experts noted that coordinated institutional mechanisms could help unlock the significant potential in agricultural value chains, agri-processing and cross-border trade.

The Asia Africa Agri Alliance has been designed around five core pillars: trade and market access, technology and innovation transfer, investment and financing, policy and standards cooperation, and capacity building through knowledge exchange.

According to Kailash Singh, Convenor, Asia Africa Agri Alliance will also support initiatives such as Asia–Africa agri corridors, farm-to-market linkages, technology partnerships and investment facilitation platforms aimed at strengthening agricultural ecosystems across both continents.

Industry observers at the event said the launch of the alliance reflects a growing recognition of the importance of structured South–South collaboration in agriculture, particularly at a time when food security, climate resilience and sustainable supply chains have become key global priorities.

The diplomatic roundtable concluded with discussions on future partnerships, followed by networking interactions among policymakers, diplomats and industry stakeholders.

For more information, kindly visit website www.asiaafricaagrialliance.com

About Asia Africa Agri Alliance

The Asia Africa Agri Alliance (AAAA) is a not-for-profit institutional platform established to promote agricultural trade, investment, technology transfer and policy collaboration between Asia and Africa. The alliance aims to serve as a bridge between governments, agribusinesses, investors and development institutions to build scalable and sustainable agricultural partnerships across the agri-food value chain.

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