Tag: Business

September 24: Cyber Media Research & Services Limited (CMRSL), engaged in ad tech and data analytics business, brings its IPO of 780,000 shares worth ₹ 14.04 crores. The issue opens on the 27th September and closes on 29th September 2022 and will subsequently be listed on NSE Emerge. At a face value of ₹ 10, the price per share will be ₹ 171 to ₹ 180 per equity share and will be sold in lots of 800 shares. Out of 780,000 shares, 3,69,600 shares will be reserved for the QIB quota, 2,60,000 shares will be for the Retail quota,1,11,200 shares will be for HNI quota and 39200 shares will be for the Market Maker Quota. The lead manager to the issue is Swastika Investmart Limited and the registrar of the issue is Link Intime India Private Limited.

The net proceeds from the issue will be utilized towards the following:

i. Funding the working capital requirements

ii. Funding investments in new projects and general corporate purposes

iii. To Meet the issue Expenses

CMRSL is engaged in ad tech and data analytics business in an industry which is expanding rapidly. The Company has four revenue streams i.e., Digital Marketing (Advertisers), Programmatic Media Buying, Publisher Monetization and Data Analytics. The company is passionate about digital technology and believes that AI has an integral role to play in data-enrichment and drive better marketing experiences across devices, formats and user preferences. CMRSL has a 30-year track record in running innovative businesses backed by marquee investors. It is building solutions for growing industry needs as digital technology is going to play a pivotal role in India’s growth. The company will invest in technology that keeps data at its core (ML). This and marketing automation will be the cornerstone for driving customer success. It will continue investing in products that deliver higher margins, as well as consider inorganic growth opportunities.

CMRSL has recorded an impressive growth in its finances over the years. It registered revenue of Rs. 5,678.12 lakhs in FY2022 compared to Rs. 3,016.36 in FY2021. Its EBITDA for FY2022 was Rs. 355.50 lakhs, compared to Rs. 184.92 in FY2021. Its PAT for FY2022 was Rs. 145.34 as compared to Rs. 44.33 lakhs in FY2021. For FY2021-22, revenue grew by 88%, EBITDA by 92% and PAT by 228%.

Mr. Pradeep Gupta is the promoter and the Chairman of CyberMedia Group Companies. He is co-founder of Indian Angel Network and is the recipient of the Helen Keller Award for working in the disability sector.

The management team is helmed by Mr. Dhaval Gupta and Mr. Thomas George. Mr. Dhaval Gupta is the managing director of CMRSL and has more than 14 years of experience. As a new media advocate, he has a keen understanding of digital, media and technology sectors. He has played a pivotal role in establishing the CMRSL team as a leading digital marketing setup and has been the architect of products & solutions across the ecosystem. Mr. Thomas George is the president of the company and leads CyberMedia Research. He has more than twenty five years of industry experience in business market research, consulting and advisory, media and content within the ICT industry.

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September 24: Trident Lifeline is engaged in the pharmaceutical business ethical marketing in domestic as well as international market. It brings its IPO of ₹35.34 crores with each share priced at ₹101, with a face value of ₹10, and the minimum lot size is 1,200 shares. The lead manager to the issue is Beeline Capital Advisors Private Limited and the registrar to the issue is Link Intime India Private Limited. The issue opens on the 26th of September and closes on the 29th of September 2022. It will subsequently be listed on the BSE SME platform.

The main objective of the funds raised through the IPO are

• To meet working capital requirements
• Product registration in the international markets
• General corporate purpose
• To meet public issue expenses

The promoters of the issue are:

Mr. Hardik Jigishkumar is the promoter, Chairman and Executive Director of Trident Lifeline. He has 8 years of experience in the field of pharmaceuticals and decades of experience in textiles. He is responsible for the overall management of the Company.

Mr. Shravan Harikrishna Patel is the Managing Director of the Company. He has 3 years of experience in the field of pharmaceuticals. He is responsible for the procurement function of the Company.

Mr. Mayurkumar Mansukhbhai Gajera is the Whole Time Director of the Company. He has 3 years of experience in the field of pharmaceuticals. He is responsible for the sales & procurement function of the Company.

Mrs. Maniya Hardik Desai is the Non-Executive Director of the Company. She has 5 years of experience in the field of pharmaceuticals.

Ms. Aena Surana is an Independent Director of the Company. She has around a year of experience in the field of content strategy & copywriting.

Mr. Dhaval Vimal Shah is an Independent Director of the Company. He has 5 years of experience in the field of hospitality.

Trident Lifeline Limited is a diversified pharmaceutical company with business operations spanning manufacturing formulations under its own brands, loan license model and contract manufacturing model. The company is also engaged in distribution of pharmaceutical products through third party distribution network. It offers a wide range of pharmaceutical formulations and products manufactured on contract manufacturing under loan license. It operates in India as well as African, Latin American and East Indian Countries. Its product categories include capsule, tablet, liquid ointment, gel, ice gel, mouthwash, paste, solution, suspension, toothpaste, syrup and creams. Their product portfolio comprises of wide range of drugs like antibacterial, anti-diarrheal, antifungal, antimalarial, antidiabetic, dental cure, proton pump inhibitor, Anti Protozoal, antihistamine, antihypertensive drugs, antilipidemic drug, anti-parasitic, multivitamin, multimineral Nutraceutical and Non-steroidal anti-inflammatory drug (NSAIDS).

Trident Lifeline Limited has recorded an impressive growth in its finances over the years. It registered revenue of ₹ 2,176.79 lakhs in FY2022 compared to ₹ 962.23 lakhs in FY2021. Its EBITDA for FY2022 was ₹ 336.49 lakhs, compared to ₹ 140.22 lakhs in FY2021, an increase of 15%. Its PAT for FY2022 was ₹ 227.32 lakhs as compared to ₹ 63.23 lakhs in FY2021.

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• 39% increase in peer learning applications witnessed from Gujarat based entrepreneurs since 2020
• Gujarat entrepreneurs currently comprises 10% of the All India peer learning cohort of ASCENT Foundation
• First Generation business owners are emerging from the Gujarat market due to access to risk capital, peer support, better networking opportunities and closer global connect
• ASCENT Foundation will be hosting 7th edition of ASCENT conclave with 1200+ entrepreneurs from across India in Mumbai on November 27, 2022
• Success Stories of Gurajati Entrepreneurs: Nirav Raval (Managing Partner, KiwiQA Services), Jaymeen Thakkar (Director at JD Merchandise Pvt Ltd)– the Ahmedabad-based leaders share their opinion on the entrepreneurship growth in Gujarat and the key reasons behind it

Ahmedabad, September 23: ASCENT Foundation, a not-for-profit, peer-to-peer learning platform founded by Harsh Mariwala, Chairman, Marico Ltd has registered over 39% increase in applications for All India chapter from Gujarat. In a recent event hosted by ASCENT Foundation in Ahmedabad, its cohort members shared insights on how the entrepreneurial ecosystem in Gujarat has grown post the pandemic due to positive contributing factors like access to risk capital, peer support, better networking opportunities and closer global connect.

ASCENT Foundation has been reaching out to growth oriented entrepreneurs from Gujarat requiring peer support, all India networking opportunities and the need of a sounding board to support the rise of entrepreneurial spirit of the city. The 10% Ahmedabad based entrepreneurs added to the All India cohort belong to various industries like Chemical / Pharmaceutical, Rubber Plastic Manufacturing, Banking & Finance, Textiles, Logistics, Technology. Through the ASCENT Trust groups of like minded leaders of tomorrow, Gujarati entrepreneurs have received access to a pan India viewpoint, operational efficiency, and a diverse network. This has enabled a sense of quicker adoption of the drastic economy, higher peer support and tangible growth in business. Consistent peer support is the key ingredient to tap the potential of the rising entrepreneurial spirit in the Gujarat market.

The Gujarat entrepreneurial market is witnessing rising interest from young/ first generation entrepreneurs as well as third generation entrepreneurs who are building the business for tomorrow or joining their family businesses. The entrepreneurial uptake in the Gujarat market has been factored due to:

Access to Interest: With initiatives like Make in India and Skill India, and Student Startup and Innovation Policy (SSIP), the Gujarat market has benefited from the government’s unfettered interest in its entrepreneurial talent which is playing a catalyst role in promoting the young innovators and entrepreneurs from the state. Jaymeen Thakkar, Director at JD Merchandise Pvt Ltd shares, “ The Government has done its bit, they have worked on the policies, they have created a pipeline. Now is the time for the entrepreneurs of tomorrow to make avail this interest and convert it to opportunity with sheer hard work and grit”

Realising the entrepreneurial ecosystem in the market, the education systems were empowered with various programs and schemes to promote and nurture the growing culture of entrepreneurship and create meaningful opportunities. All major universities such as Ahmedabad University, IIM-A, MICA, NID, NIFT have incorporated focused entrepreneurial learning and skilling to their curriculum. “Today, the youth are provided with the right guidance and infrastructure to set up their own venture. Entrepreneurship spirit is at an all time high at the moment in the state due to various initiatives. With all the right things, the state is shifting its focus from traditional to new age business models.” says Nirav Raval, Managing Partner, KiwiQA Services

Access to Technology and International Markets: Government’s initiative of setting up a GIFT City is an important gateway to become a financial superpower and build strong global competition against giant financial hubs like Hong Kong, Singapore or London. Gujarat’s market has also emerged as a key market for high-tech industries that have the potential to compete globally- further opening opportunities for the Gujarat based entrepreneurs. Acknowledging the leverage of the same, Nirav Raval, Managing Partner, KiwiQA Services commented, “From being a business state, Gujarat is becoming a startup state. Ahmedabad, in particular, has become a hub for high-tech industry startups, which is a direct reflection of the facilities and efforts the government has invested into the state. Gujarat has already established itself as a crucial player in providing backhand support to the country’s new generation Internet-of-Things (IoT) segment.”

Access to Risk Capital: The emergence of an appropriate ecosystem that is not just growing manifolds but also attracting government’s support. This has resulted in greater interest by VC’s and angel investors both domestically and internationally, making Gujarat the ripe market for entrepreneurial growth. “Entrepreneurs are currently looking into new avenues for funding the establishment or growth of their businesses. A culture of fund-raising that was exclusive to Bangalore or Mumbai five years ago has now spread to Gujarat. Gujarat’s investor community is playing an active role in assisting the state’s creative ideas on their path to success.”Nirav Raval, Managing Partner, KiwiQA Services commented.

Access to Networking: The Gujarat market has been renowned for its entrepreneurial spirit and business sense since time immemorial. But the market has been rather muted in sharing its entrepreneurial success stories with the world, the major reason behind this has been limited networking opportunities and resistance to share. The market has however been introduced to change – with newer generations seeking expert views, incubator programmes running and seeing success, peer learning platforms establishing relevance. Summarising with the need to seek peer support, Archanna Das, CEO, ASCENT Foundation quoted “Entrepreneurs from Gujarat have always been thriving on change. Every generation of entrepreneurs has developed their enterprises to meet demands and trends. They are also fast realising the need of the modern world where entrepreneurs need peer support networks to learn and unlearn the nuances of businesses to boost their development and become the leaders. ASCENT’s All India Chapter aims to provide just that with greater learnings, trust-enabled discussions and having a sounding board with perspectives from organisations and entrepreneurs from across India.”

ENDS

About ASCENT Foundation: ASCENT Foundation started by Harsh Mariwala (Chairman, Marico Ltd.) is a not-for-profit expression of his personal passion to identify and enable high-potential growth-stage entrepreneurs in their journey to grow both as Entrepreneurs and their Enterprises. ASCENT creates a close-knit Trust Group of non-competing entrepreneurs who believe in Learning from Doers. Designed as a peer-to-peer platform, ASCENT leverages the “power of the collective” and enables entrepreneurs to share experiences, ideas, insights to learn from each other through self-facilitated Trust Groups and an extended network of Enablers. In the last 10 years, ASCENT has selected over 850 entrepreneurs as members (from more than 3000+ applications received) who are part of 73 operational Trust Groups in Mumbai, Chennai and All India Chapters. The composition of these members is quite diverse with a 46:54 split between Manufacturing and Services Industries; 44% Family Businesses; 7% Women Entrepreneurs and in all about 65+ diverse industries represented. The aggregate annual turnover of the ASCENT members is more than Rs. 53,000 crores with individual member turnover ranging from Rs. 1 crore to Rs. 2500+ crores.

For more details, visit https://ascentfoundation.in/

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JB Pharma’s initiative – #Heart2HeartChallengeIndia aims to spread awareness about heart health amongst the masses as a study demonstrated if one takes more than one-and-a-half minutes to climb four floors of stairs, one’s heart is suboptimal

Delhi/Mumbai, September 23, 2022: World Heart Day (WHD) – September, 29 is a gentle reminder to look into whether our heart is healthy or not. For every beating heart, beating cardiovascular diseases (CVDs) is extremely important. However, heart health statistics are not very promising and approximately 12 lakh youngsters die from cardiac arrest every year in India.

Considering the dire need to curb the steady rise in the incidence of heart diseases – hypertension and heart failure in India, JB Pharma has initiated the #Heart2HeartChallengeIndia with the support of HEAL Foundation to spread awareness amongst the masses to check whether their hearts are healthy or not by involving simple steps. The #Heart2HeartChallengeIndia is very simple – you have to climb 60 steps (4 floors) in a minute, make a video of it, share it on your social media, tag 5 people, inviting them to take this challenge to check their heart health.

The challenge takes its inspiration from a study published in Rev Esp Cardiol (Engl Ed) “Time to climb 4 flights of stairs provides relevant information on exercise testing performance and results” in 2020. The same study was published as a press release by the European Society of Cardiology under the heading “Test your heart health by climbing stairs”. As per a study, finding climbing 4 flights of stairs in under a minute can be linked with low mortality.

Dilip Singh Rathore, President – India Business, JB Pharma, said, “As per the WHO report, nearly 63% of total deaths in India are due to non-communicable diseases, of which 27% are attributed to cardiovascular disease (CVD) which affects 45% of people in the 40-69 age group. Raised blood pressure is among the most important risk factors for CVDs. Moreover, it remains poorly controlled due to low awareness about hypertension, lack of appropriate care through primary care and poor follow-ups. Considering the need to spread awareness around World Heart Day falling on September 29, we have initiated the ‘Heart2Heart Challenge India’ campaign – yet another gentle reminder to the masses to pay heed to their heart health, to make India heart-healthy.”

[1] Time to climb 4 flights of stairs provides relevant information on exercise testing performance and results – PubMed (nih.gov)

[1] Test your heart health by climbing stairs (escardio.org)

The purpose of this campaign is to drive awareness on checking heart health individually because if one is unable to climb 60 steps (4 floors) in 1 minute, it is the primary sign that one’s heart is suboptimal (not working well) as the European Society of Cardiology has demonstrated it. And it would be a good idea to consult a doctor and get your BP checked, to take preventive or curative measures whatsoever required to keep your heart healthy.

7 Summits in 1 minute

The idea of climbing 7 summits is climbing the height of the combined height of the 7 highest peaks of the world. The arithmetic of 7 summits is – 60 steps or 4 floors are equal to 40 feet. And the combined height of 7 summits is 142100.9 ft. Then, if 3553 people climb 4 floors in 1 minute, it would be equal to climbing 7 Summits in 1

Speaking about bringing heart health awareness, and about the alarming state of hypertension in India, Dr Swadeep Srivastava, Founder & Chairman, HEAL Foundation, said, “As per the WHO report, only about 12% of people with hypertension in India have their blood pressure under control. And uncontrolled blood pressure is one of the main risk factors for cardiovascular diseases (CVDs) such as heart attacks and stroke are responsible for one-third of total deaths in India. The Heart2Heart Challenge India campaign is a novel attempt to mitigate the deteriorating heart health conditions of Indian people, and to stride by the Government of India’s target to reduce the 25% prevalence of hypertension (raised blood pressure) by 2025. The campaign has multiple steps which include four flight challenges, learning accurate measurement (BP RIGHT KARO) of blood pressure, and cholesterol testing. We are hopeful that people will participate in the challenge wholeheartedly and by World Heart Day we scale the height equal to 7 mountain Summits of the world to create a world record.”

To spread this message across about 2500 JB employees, including senior management from across multiple locations, will participate in the campaign, and take the challenge by inviting more and more people from their groups to take the challenge and pass on the healthy heart and timely BP monitoring message in the community to make it public.

Disclaimer: The outcome of the challenge is to provide you with an indicative assessment, this is not a substitute for medical advice. You should NOT take Heart2Heart Challenge if you are already diagnosed or are at risk of any heart/lung condition. Consult your doctor for more clarification.

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The company announces its Third Quarter of 2022 reports on Net Profit, Return on Equity, and other results

New Delhi, 23 September 2022: Foxhog Ventures is a US-India venture capital fund established by brilliant business technology entrepreneurs and consumer internet. Foxhog has been a leader in agricultural products, fashion, lifestyle, education, and worldwide technology.

The company announces its highest quarterly Net Profit of $104.12 million in Q1 FY23, witnessing a growth of 29.4% YoY excluding dividend income from subsidiaries, and core operating profit grew by 21.1% y-o-y.

Foxhog an investment leader shares further that average current account deposits increased by 23.0% y-o-y and 2.9% whereas the Average savings account deposits increased by 19.1% y-o-y and 4.4% sequentially in Q1-2023 respectively. Period-end term deposits grew by 11.4% y-o-y on June 30, 2022.  Additionally, the company’s Average Seed Fund increased by 23.0% y-o-y and 2.9% sequentially in Q1-2023.

Additionally, the company reported Return on Equity (RoE) at the end of FY22 standing at 13.92% which is higher by 398 bps YoY. Operating Profit for FY22 grew by 2.22% YoY to $420 million: while Operating Profit for Q1FY23 at $70 million.

The Managing Director and India Head of Foxhog, Tarun Poddar, stated that “the fiscal year 2022 was yet another successful year. Despite the substantial cost and operational obstacles in our current economy, the Foxhog team’s accomplishment of our integrated initiatives generated solid top-line expansion, profit growth, and a sizable cash return to shareowners. We anticipate strong headwinds for the fiscal of 2023 after such tremendous results. Our combined strategies of quality, productivity, disruptive innovation, and an adaptable and responsible organizational structure remain our top priorities.”

Foxhog Ventures invests in companies that have the potential to positively impact the domestic and global economy by empowering people and enabling innovation. They are passionate about finding and supporting companies that are re-imaging the way the industry works.

Moreover, Foxhog provides one of the finest portfolios of high-quality, reputable, and leading brands to customers worldwide, including TOM & MON Corporation, Cook N Eat, and Indian Cyber Army, to name a few. Their subsidiary Sumanchna Springedge Healthcare is India’s fastest-growing healthcare organization, which seeks to offer affordable medical services all across the globe.

With a portfolio of over 26 investments and the acquisition of 8 businesses in India over the course of the past year, this capital firm set a record-breaking close of $ 943.6 million in the previous financial year of 2020 by concentrating on small scale startups, particularly from tier 2 cities. Presently, Foxhog is spread across 29+ Branches over the Globe, present in 6+ Countries, and led 450+ Investment and Lending Engagements.

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Mumbai:  Growth Expo – India’s Leading Franchise, Startup & Business Opportunity Show. Growth Expo is being organized by Growth Consultant Yashesh Shah. Growth Expo is organizing Franchise and business opportunities show in 9 cities of Maharashtra starting from Amravati- 15th Sept , Nagpur-16th Sept, Nashik-18th Sept, Aurangabad-19th Sept, Navi Mumbai-23rd Sept, Thane -24th Sept, Pune -25th Sept, Kolhapur-28th Sept, Goa -29th Sept. Companies looking to expand their business through franchise, dealers and distributors must participate in the show. Investors looking to start new business shall visit the show and choose from F&B, Education & Edutech, Health & Wellness, Retail, Fashion, FMCG, etc. Yashesh Shah, Founder of Growth Expo says “Our vision is to grow and empower startups & emerging brands”. Growth Expo is being sponsored by Shanti Juniors, UCMAS & Patel’s Chappanbhog.

Growth Consultant Yashesh Shah is the passionate franchise consultant working towards for expansion of startups and growing brands. They provide franchise business of food & beverage franchise, education, retail, health & wellness, EV, real estate, dealership and distributorship opportunities. They help companies to create and design business model, franchise & dealer’s agreement, distributorship opportunities, franchise expo, strategies, systems analysis & implement them. They have 18 years of experience in doing business through innovative business strategies. Their wide experience in Media, Real Estate and Franchise business will benefit both entrepreneur and investors. Their aim is to create the bridge between investors and brands.

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New Delhi (India), September 23: The COVID-19 pandemic upsurge has been detrimental to organizational processes across the world. The major immediate impact was on the workforce functionaries that were gravely sub-grounded and relapsed to the situation.

As teams dispersed and operated from silos to restrain from the mainstream culture of work, organizations found it difficult to respond to the situation of severe resource disintegration. As a popular repercussion, the situations like Great Resignation and Quiet Quitting emerged to further complicate conditions. In July 2021 alone, 4 million people quit their jobs, which went on to further aggravate and grow to the mark of 10.4 million by January 2022.

It’s been two years, and corporate policymakers and human resource practitioners are constantly exploring choices and appointing practices to quintessentially deliver in such circumstances. As we take a broader grasp of the events, the sentiments swing towards building people-first processes and collaborative workforces that are more connected, streamlined, and digitized in their way of functioning that fits the newly evolved hybrid work model.

Timelabs, a leader in HR-tech and performance management systems, has over time produced dialogs that substantiate how HR technology can enable and empower organizations to work through these turnarounds.

Devesh Bhartiya, Co-Founder, Timelabs, says, “It’s all about the human connection at the core. We need to think about workforce engagement, people’s management, and performance enablement at the granular level taking the cues from trends. As we plan this at a bespoke capacity, technology should be organically introduced through the course of implementation and action. This is how we can build the systems that bring together people and programs to plausibly connect, collaborate, and reflect upon the ideas and trends on board.”

Devesh has been at the forefront of building and scaling Timelabs. He has weathered various trials and challenges in his 12 years of venturing into HR-tech possibilities across market factors and trends.

Timelabs today is an HRMS system that has not just made HR automation accessible to all but has devised solutions that have intelligibly addressed the situations of technological disruptions, legacy opt-outs, and process fallouts at scale.

Being at the center of transformation, Timelabs tracked and studied the trends closely. It has in its records how HR departments have struggled to attract talent, build the workforce, and retain employees in times of pandemic.

To take a close reference, the Indian manufacturing sector was gravely impacted by the sudden breakouts of the pandemic. Their frail resource policies and unstructured work systems triggered extreme downturns. At the tipping point, the gap became more evident.

As they acted in response to the situation, they found the adoption of workforce management and performance automation systems into their process framework the only practicable way forward. As a matter of fact, the most HR-tech adoption in the last couple of years is registered by businesses in the manufacturing sector.

Likewise, there’s a certain commotion prevailing in every sector as the existing systems and workflows did not stand to deliver at par with the situation. As a result, organizations are increasingly shifting their focus toward tech-enabled systems for improving employee performance, managing people’s activity, and engaging the workforce. There is a high demand for HR software and HRMS systems across domains, which is projected to get as big as USD 33.57 Billion by 2028, growing at the rate of over 10% YoY.

Quite in line with the trends, the investments in the HR-tech projects in 2021 stood at $12 billion, which nearly tripled the amount of Venture Capitalist funding in the domain in 2020.

Advanced Data Analytics, Connected Dashboards, Automated Payroll and Attendance, Biometric Authentication, Digital Onboarding, Hybrid Rosters, Remote Employee Management, Over-the-cloud Integrations, and Data Security are the most sought-after program features and action pointers to address the new norms of HR compliance and resource enablement at length.

This is not a one-time industry splurge or a dense transition. The pandemic and the after-situations proved to be forceful triggers, but these are apparently not the vehicle of the change. Here, as we grow towards building more cohesive and agile workforce capacities, this transformation will continue to seek more intense and active agreements with technology.

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• The firm is currently working towards achieving 40% growth this financial year
• It plans to venture into new domains with a sharp focus on job guarantee programs, collaborations with India’s premium institutes

September 2022: Imarticus Learning, India’s frontrunning professional education firm, is celebrating ten years of assisting professionals and fresh graduates in establishing solid foundations for their careers and succeeding in the competitive job market. On the occasion of celebrating a decade of excellence in professional education, the firm has revealed that it expects to achieve 40% growth by the end of this financial year.

Imarticus Learning has an excellent track record of staying true to its vision and offering learners adequate training and education to upskill themselves for successful professional life. It has transcended the boundaries of tier-I cities and expanded its reach into tier-II and tier-III regions in India and international markets. Subsequently, Imarticus Learning has added several insightful and innovative programs to offer learners only the best possible solutions. A few of Imarticus Learning’s recent launches have been, two new programs in Data Science and Artificial Intelligence and a  new Full Stack Developer program.

Imarticus Learning has added multiple feathers to its cap throughout its decade-long journey through numerous accolades and milestones. Between 2012, the inception and launch year of Certified Investment Banking Operations Professional (CIBOP), and 2022, the year it completed 1000 batches of CIBOP, the firm has gone through many ups and downs. However, each year, Imarticus has had its share of merits. The journey began with the CIBOP launch. After that, the firm launched job guarantee programs, started B2B operations, introduced an analytics program, doubled revenue, began global expansion, and expanded into tier-II and tier-II cities.

In 2021, Imarticus Learning had an 87% placement record. In addition, it acquired Eckovation and got awarded by the Indian government for the Gyanodaya initiative. The same year, Imarticus Learning received a million hits on its website. This year, apart from acquiring Stratonboard, the firm was named Best Education Brand in Analytics by Economic Times.

Mr Nikhil Barshikar, Founder and MD of Imarticus Learning, said, “At the time of inception, we hoped to get this far and make monumental changes in young professionals’ lives, but now that this dream has materialised, we are filled with gratitude for the many people who have contributed to our success. From our employees, faculties, investors, and other stakeholders to our learners, every single one is a brick of Imarticus Learning, keeping it strong and together. We will stay true to our path and offer much-needed assistance to learners who want to be ready for the competitive job market outside.“ 

By 2025, Imarticus Learning is making provisions to venture into new domains with a primary focus on job guarantee programs and partner with leading institutions. Additionally, it has robust pan-India and international expansion plans on the card. 

Founded in 2012, Imarticus Learning is famed for its industry-first approach to bridging the gap between employment and academia. Working in alliance with world-renowned organisations and industry experts, the institute offers its learners professional certifications and job placement opportunities that sculpt the future workforce. Its mission is to upgrade the quality of human skill capital to meet current and emerging employment demands.

Imarticus Learning is highly reputed for its unique teaching methodology, which includes immersive live lectures (both classroom and online), peer-to-peer discussions, industry-oriented seminars & guest lectures, rigorous training exercises & projects, soft skill improvement sessions, mentorship by industry experts, and much more.

With their vast course catalogue that encompasses thorough training in cutting-edge subjects such as Data Science, Machine Learning, Artificial Intelligence, Business Analytics, Corporate Finance, Investment Banking, Capital Markets, Web Development, and many others, Imarticus Learning aims to mould highly skilled employees for various industries, functions and job roles.

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Inaugurates 22 banking outlets across Uttar Pradesh, Bihar, Jharkhand, Odisha, Karnataka, Gujarat, Haryana, Punjab, Rajasthan Maharashtra and Puducherry today.

Highlights

• Launches 22 banking outlets across the country taking the total to 737
• Launches 8 banking outlets in the state of Bihar
• Launches 3 banking outlets in the state of Jharkhand
• Launches 2 each banking outlets in the state Rajasthan and Maharashtra
• Launches 1 banking outlet in the state of Uttar Pradesh, Odisha, Karnataka, Gujarat, Haryana and Punjab each
• Launches its first banking outlet in the union territory of Puducherry

Varanasi, September 23, 2022-: Utkarsh Small Finance Bank Limited (USFBL), today on its 13^th Foundation Day announced the inauguration of 22 branch outlets in the country.

Mr. Govind Singh, MD & CEO, Utkarsh Small Finance Bank Limited, via video conferencing inaugurated 22 banking outlets across various States and Union Territory, namely Uttar Pradesh, Bihar, Jharkhand, Odisha Karnataka, Gujarat, Haryana, Punjab, Rajasthan Maharashtra and Puducherry. With this, the Bank has reached 737 branches in the country spread across 23 states and union territories.

The launch of these banking outlets is aligned with the Bank’s strategy to extend its reach in existing and newer geographies. This includes wholesale lending, micro banking loans (such as Joint Liability Group loans (“JLG loans”)), micro, small and medium enterprises (“MSME”) loans, housing loans, loan against property, commercial vehicles and construction equipment loans and gold loans along with current and savings accounts, term and recurring deposits, insurance products to its customers.

Speaking on the occasion, Mr. Govind Singh, MD & CEO, Utkarsh Small Finance Bank Limited, said, “It is a momentous day for Utkarsh Small Finance Bank Limited as we expand our footprint across the country today with 22 Banking outlets. The inauguration of these branches significantly improves the access to financial products by the residents and entrepreneurs of every region in the country that the Bank has to offer”.

“Each and every State and Union Territory has a significant role and synergises with our strategic expansion in the country. We will continue to focus our service and product offerings of Utkarsh Small Finance Bank Limited in the coming days”, he added.

These launch of these banking outlets are aligned with the Bank’s strategy to extend its reach and offer several financial services including current & savings accounts, fixed & recurring deposit accounts, loans, credit, insurance products and investment products to customers across our network. The customers can access banking through multiple channels like branches, ATMs, Internet banking, mobile banking, Unified Payment Interface (“UPI”) and call centre.

USBFL aims to provide financial services to the underserved and unserved customer segments while serving other segments of society including micro-banking loans (JLG loans), MSME loans, housing loans and loan against property amongst others. Also, the Bank provides facility to customers for opening a bank account without having to visit the branch through the tablet based application assisted model, “Digi On-Boarding”. 

Utkarsh Small Finance Bank Limited (USFBL), incorporated on April 30, 2016, is engaged in providing banking and financial services with a focus on providing microfinance to the underserved and unserved segments. The Bank’s micro-banking operations are focused in rural and semi-urban locations of the country while its general banking operations are spread across the country. The Bank commenced its operations on January 23, 2017 pursuant to the small finance banking license granted by Reserve Bank of India on November 25, 2016.

The Bank extends microfinance loans based on Joint Liability Group (JLG) model to individuals, other retail asset loans including Micro, Small and Medium Enterprise (MSME) Loans, Housing Loans (HL), Personal Loans, Commercial Vehicle Loans, Construction Equipment Loans and Wholesale Lending to borrowers.

The Bank offers a slew of digital services such as internet and mobile banking, Digi On-Boarding, UPI and an online account opening facility for clients, besides a range of ATMs and Micro ATMs for ease of transactions, amongst others.  The Bank is headquartered at Varanasi, Uttar Pradesh.

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