Tag: Business

New Delhi (India), September 5: India’s best cyber security company, Amigo Cyber LLP, has been awarded the 18th Asia – Europe Business and Social Forum Award from Union Minister Shri Faggan Singh Kulaste (Rural Development and Steel) on 25 August 2022 in Delhi. This mega Summit brought together many businesses, political, and social leaders from various countries who came together to open up new paths for global economic cooperation, collaboration, and investment opportunities, particularly in the Asian and African regions. The Forum emphasized India’s admirable social and economic advancement since its independence. The Summit also featured a spectacular stage for intense discussions featuring some of the greatest leaders of our time, as well as representation from 16 countries, including CEOs, CFOs, CTOs, CHROs, business owners, investors, and royal dignitaries as well as professionals from across India, Asia, Africa, and beyond.

Founded under the guidance of Vinita Rohera, Amigo Cyber LLP provides consulting, education, and training services. They offer extensive guidance, support, and safety to professionals and defence departments. By educating individuals about the cyber world, their professionals teach people how to defend themselves against fraud and cyberattacks. They have educated more than 10,000 pupils, police forces, and company owners up to this point. They provide services to Corporate, Education & Government organizations in different categories like Cyber Security, Digital Investigation, Corporate Services, Cyber Education, Security Assessment, Social Media Marketing & growth, Anti-Piracy, Data Recovery & Protection, Employee tracking, Bank & Corporate Security, Digital Risk Protection and many more.

Speaking about her firm, Founder Vinita Rohera shared, “I started this firm while looking at the increasing percentage of cybercrime. Combating cybercrime may promote wealth, foster peace, and save lives. We can do a lot to ensure that the Internet can be a force for good by bolstering law enforcement capabilities and collaborating with businesses so they can be part of the solution. The increase in cybercrime should not affect our nation’s economy, for which I started this firm ‘Amigo Cyber LLP’. Through our firm, we aim to protect our nation from cyber attacks/cyber warfare. And, empower the Country through social security and cyber security, we aim to develop a cyber-army.”

The “Amigo” team at Amigo Cyber LLP is essentially the factory that develops prospective cyber experts into genuine ones. Young people who join the Amigo organization are exposed to actual missions involving cyber security and computer hacking. They want to expand and cater for Cyber Army, Cyber Risk Awareness, Cyber Threat Monitoring, Cyber Security, Digital Investigation, Corporate Services, Cyber Education and Security Assessment. Their incredible work has been complimented for various causes, from the Red FM Award for Anti-Fraud protection & Asia – Africa Business and Social Forum Summit recognized Amigo Cyber LLP as an Empowering Country through social security and Cyber Security.

The Amigo has provided training to more than 12000 students in cyber education and has also trained defence People, Police and Government Bodies. To make a mark nationally and internationally, Amigo Cyber LLP is working to develop the cyber world and add more niches to its services.

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Indipaisa, awarded India’s fastest-growing brand starts empowering MSMEs 

New Delhi (India), September 5: Indian Micro & Small-Midsized Enterprises (micro SMEs) are usually forgotten and underserved by the banks, Fintech’s, and financial institutions. Why? Because their revenues are small, their volumes are small, and they are not profitable to profit-seeking financial institutions, in most cases, banks and fintech’s have a set of solutions that are targeted at small customers. However, the price points are too expensive, and the service quality is too low.

Indipaisa (www.indipaisa.com), a Noida-based fintech brand, backed by Nexxo Ventures a Dubai-based digital banking venture firm, is India’s fastest growing brand in 2021-22, now performing in 5 states and planning to spread across PAN India by giving commercial micro banking solutions to empower MSMEs. Indipaisa’s commercial micro banking solutions are now being utilized by MSMEs in Delhi/NCR, Uttar Pradesh, Madhya Pradesh, Maharashtra, and Karnataka which is changing the status quo and offering low-cost & high-quality financial services. These services are customized from the ground up to address the needs of Indian small business owners and operators. Indipaisa conducted more than 30,000 questionnaires to hundreds and hundreds of Indian micro businesses, then developed a Social Network powered Fintech platform offering integrated digital commercial micro banking services to under-serviced and under-banked Indian micro SMEs. Indipaisa has already opened an innovation centre in Bengaluru and plans to open another office in Mumbai as it doubles up on its efforts to reach out to MSMEs across PAN India in 2023.

Commenting on the award, Aizaz Tahsildar, CEO of Indipaisa said “It’s been more than a decade that we have championed in providing commercial banking solutions to MSME in MENA regions and now we are here in India where the largest MSME exists. Our focus has always been MSME. We have been using machine learning (ML) and artificial intelligence (AI) powered platforms for commercial micro banking solutions. This award is for the team behind Indipaisa, which represents a combination of more than 200 years of experience in various sectors in fintech, digital banking, IT security, electronic payments, and compliance. This amalgamation of expertise is fuelled by cutting-edge technology.

Indipaisa empowers small businesses with its financing tools like the all-in-one POS device, Just-Tap POS terminal, SoftPOS, e-billing, e-commerce, GST tax & ITC filling, Insurance, micro business lending and payroll solutions. All these solutions are built with the needs of local businesses in mind. The payroll solution built by Indipaisa allows business owners to roll out salaries in minutes. The solution covers everything from calculating deductions and allowances to taxes and vacation payments and saves time, effort, and money, which translates to higher profit in the long run.

Nebil Ben Aissa, Founder and Chairman of Indipaisa said, “I have always been impressed and fascinated with India; I have been investing in India since the early 2000s (more than 20 years ago), and I am very impressed with the social impact made by the partnership of Indipaisa. Prior to launching its services, the Indipaisa team conducted 30,000 question questionnaires and interviewed hundreds and hundreds of small and micro SME owners in order to discover the micro SME’s top pain points when managing finances. Now, millions of Indian micro and small business owners and operators will have access to high-quality commercial micro banking services at low, affordable prices; a true success story of financial inclusion and social responsibility empowering emerging economies in the Southeast Asian markets.”

Commenting on the recognition, Narayanan Kannan (https://www.linkedin.com/in/narenkannan/), CIO, Indipaisa said “We are delighted with this recognition. This honors the efforts that we have put behind Indipaisa in less than 12 months. We have been relentless in our efforts to digitise Indian MSMEs by providing commercial micro banking solutions and will continue doing so by coming up with cutting-edge products and services that empower MSMEs. The technology stack of Indipaisa takes care of every type of transaction for micro, small, and medium-sized businesses. Additionally, Indipaisa AI predicts the micro SME’s cashflows, thus giving it a tremendous competitive advantage to tap into the highly fragmented Indian micro-lending market, estimated to exceed $380bn, while delivering growth and profitability at low NPL ratios.”

Ever since the launch, Indipaisa has partnered with the local payments bank, technology partners, insurance, and loan providers to introduce various digital commercial micro banking financial services and products to deploy a FinTech platform that empowers Indian MSMEs. It is also a part of the Indian government and RBI’s digitized payments drive.

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• The WhatsApp ChatBot will enable Medi Assist to service Policyholders 24 x 7
• The move comes in line with Medi Assist easing access to insurance and leveraging technology
• Policyholders will now be able to download E-Cards, locate Network hospitals, download claim forms and more via WhatsApp

September 05, 2022; Bangalore/Mumbai: Medi Assist Insurance TPA Pvt. Ltd (Medi Assist), in a move to deliver superior customer experience, has launched a chatbot on WhatsApp. The ChatBot launch is one of Medi Assist’s ways to serve members with a deep regard for their needs, powered with technology. The launch of chatbot on WhatsApp will empower Medi Assist members to get information on their insurance and claims instantly and any time of the day. They will now be able to download E-Cards, locate Network hospitals, download claim forms and find the nearest Medi Assist office for assistance through WhatsApp. The WhatsApp chatbot is slated to get more features added in the coming weeks.

Commenting on the launch, Mr. Nikhil Chopra, Chief Business Officer at Medi Assist says, “At Medi Assist, customer experience is central to all our strategic initiatives. We believe our members should be able to receive information and assistance instantly, whenever and wherever they want. We find WhatsApp to be the perfect enabler of our customer service philosophy. It also happens to be a platform already preferred by many and comes with robust security features and rich messaging capabilities. We are confident our members will appreciate our latest initiative and many more that are to come.”

With Medi Assist support available on WhatsApp, members can access their health insurance on the go, without waiting for human intervention.  Medi Assist members can chat with the WhatsApp chatbot by simply dropping a Hi on the chat.

Currently, the ChatBot offers the following services to Medi Assist members-

• Download insurance eCard directly via chat
• Download reimbursement & cashless claim forms
• Quickly look for the network hospitals closest to them
• Locate all Medi Assist offices across the country

Adding on to the development, Himanshu Rastogi, Chief Technology Officer at Medi Assist says, “Consumer experience at its core is treating your patrons right, but the right technology can move it up a notch. Medi Assist believes in amplifying customer experience and this belief matches well with the platform customers are already familiar with–WhatsApp.”

Medi Assist is India’s largest Benefits Administrator that has driven innovation in the insurance ecosystem. The introduction of WhatsApp to serve members is an initiative along the same lines. In the coming future, the WhatsApp Chatbot will be equipped to handle more complex queries and processes of health insurance usage.

For more details, visit www.mediassist.in

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September 5:  India’s premiere & most significant B2B Gifts sourcing platform, Gifts World Expo, Bengaluru, will be organized at Tripura Vasini, Palace grounds from 8-10 September 2022.

Organized by MEX Exhibitions Pvt. Ltd., the revitalized trade show will showcase over 125 exhibitors from the entire industry representing over 300 brands showcasing more than 1000 products & trending gifting in highly diversified segments to address all gifts sourcing needs.

Commenting on the upcoming edition of Gifts World Expo, Ms. Himani Gulati, Director, MEX Exhibitions Pvt. Ltd., said,  “I am glad to announce the 21st overall edition & a 2nd edition in Bengaluru which is bigger than before with more than 125 exhibitors. The need for unique & trending gifting products & solutions is constantly increasing and is setting new benchmarks. Gifts World Expo showcases the latest innovations & also varied gifts in all budget ranges to meet the bulk sourcing requirements of buyers from all industries across the country. This edition is specifically targeted at the IT sector for their gift sourcing needs.”

“Through this Expo, we will provide business and networking opportunities to both big & small players to come forth and showcase their creations for the benefit of the industry & to boost long-term associations”, she added further.

The products will cater to all budget ranges, sourcing every buyer’s needs. Some leading brands participating in the Show include Philips, Raymonds, United Colours of Benetton, Happilo, WildCraft, Vinod Cookware, The Man Co., Welspun, Trident, Windsor Chocolate, Reynolds, Lamy, Zebronics, Reliance (Jio Mart Partner), P&G, Cookieman, Casa Décor, Syska LED, Fujifilm, Vega, Titan, Timex, Jack & Jones, Moda & many more.

MODA is the title sponsor of the Show & the Show is also supported by the Corporate Gifts Association of India (CGAI). In addition, Gifts World Expo will mark the beginning of the gifting & festive season, with massive business deals and limitless networking opportunities across the show floor.

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Company to issue 28.5 lakh Equity shares of Rs. 10 face value at a price of Rs. 40 per share; Propose to get list SME EMERGE Platform of NSE

Mumbai, September 3: Packaging Solutions company Mega Flex Plastics Ltd – one of the leading manufacturers of Leno Bags used for packaging of agricultural products and Woven Fabrics is scheduled to open its Rs. 11.40 crore public issue for subscription on September 6. The company received approval to launch its public issue on the SME Emerge Platform of the National Stock Exchange. Public issue proceeds will be utilised to fund the company’s expansion plans, working capital requirements and general corporate purposes. Finshore Management Services Ltd is the lead manager of the issue. The public issue will close on September 9.

The initial public offering will comprise a fresh issue of 28.5 lakh equity shares of face value Rs. 10 each at a price of Rs. 40 per share (including a premium of Rs. 30 per equity share), aggregating Rs. 11.40 crore. The minimum lot size for the application is 3,000 shares which translate into Rs. 1.2 lakh per application. Retail allocation for the IPO is 50% – 13.53 lakh shares totalling Rs. 5.70 crore.

Company’s Leadership team consists of Mr. Mohan Lal Parakh, Mr. Hukum Chand Bothra and Mr. Rakesh Sethia, who have several decades of experience in the field of packaging solutions.

Commenting on the development, Mr. Hukum Chand Bothra, Managing Director, Mega Flex Plastics Ltd, said, “Our focus is on increasing sales volume through expansion, diversification and expanding geographical outreach. In the last few years, we have expanded our operations beyond West Bengal, and our emphasis is on catering to other states’ requirements, mainly Uttar Pradesh, Bihar, Rajasthan, Madhya Pradesh and Punjab also, apart from West Bengal. The company is also pursuing a lot of opportunities to increase its production capacity by processing fabrics into bags. With this increased production capacity, we shall also grow our client base geographically. We are hopeful that after the proposed public issue, we will be able to execute our growth strategy in a manner that creates exponential value for all stakeholders while consistently delivering quality products.”

For the FY21-22 company reported total revenue of Rs. 47.39 crores, EBITDA of Rs. 4.21 crore and Net Profit of Rs. 2.66 crores. Net Worth and Reserves & Surplus of the company post issue will stand at Rs. 42.45 crore and Rs. 31.05 crores respectively. Book value per share as on 31 March 2022 is Rs. 176.99 per share. RONW, as on March 22, stands at 8.56%. Post-issue share capital of the company will increase to Rs. 10.74 crores. Promoter group holding in the company currently stands at 99.79%, which will stand at 73.32% post-issue. Shares of the company will be listed on NSE Emerge platform.

Established in the year 2003, Mega Flex Plastics Ltd is primarily engaged in the manufacturing of Leno Bags which are used for packaging agricultural produce like potatoes, onions, garlic, coconuts, fruits and vegetables. In addition to Leno Bags, our company is also manufacturing Woven Fabric and Sutli (Fibrillated Twisted Thread). The product which we majorly manufacture i.e., Leno Bags, is made from Plastic Granules and is used multiple times for storage of fruits and vegetables. Company’s brands include Lenoflex, Kisan, Kisan Regular, Goldflex, Goldflex Lite, Tiger, Tiranga, and Hena. The Lenoflex is the most preferred brand for storage of potatoes when the farmer looks for quality. Company also export

Leno Bags to European countries and our quality is well accepted there also.

The company has a state-of-the-art plant for manufacturing PP Leno Bags situated at Sudha Ras Food & Poly Park (Industrial Park), Howrah, in the state of West Bengal, India. The plant is strategically located on NH-6, about 120 km from the international all-weather port of Haldia and around 30 km from Kolkata port, which gives it excellent connectivity and transport facilities.

Two IITians with years of experience in JEE/NEET preparation launch a platform to lower the burden of books on aspirants

September 3:  Abir Bhowmick (IIT Bombay alum) and Suvarna Kumar (IIT Dhanbad alum) have launched eduracle.com, which is a unique platform for JEE & NEET aspirants that enable them to prepare for the coveted exams in a more efficient and stress-free manner. Having been teachers themselves and guiding thousands of students to succeed in the JEE and NEET entrance exams, Abir and Suvarna aim to lower both the financial and emotional burden on the aspirants by leveraging technology through the platform eduracle.com.

Suvarna and Abir believe that learning is a two-step process. In step one, a student learns about “what” the concepts, laws, or facts are. And in step two, the students learn “how” to apply the concepts, laws, and facts to solve questions. While there are several conventional and technology-based solutions available to address step one of the learning process, step two, which is the practice and application part of the process, is still carried out using conventional methods of solving books and assignments that do not account for the individual needs of a student.

With eduracle.com, they intend to add a touch of personalization by allowing students to practice questions of such concepts and difficulty levels, which are apt for each student. This works so that neither the student wastes time-solving repetitive, easy questions, nor does the student get disheartened by trying to solve questions way beyond their current level of knowledge.

“I envisioned an automated tool which can do all the 3 things that a mentor would – analyze the performance of a student, deduce the areas of improvement and provide suggestions to improve”, shared Abir. “If I had eduracle.com when I was a student, it would be like my favourite teacher is guiding me throughout the practice session”, elaborated co-founder Suvarna Kumar.

Eduracle.com is now live for all students preparing for JEE and NEET. They are also offering a free trial for interested students to help make the decision easier!

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Rights Issue priced at Rs. 1.4 per share – 16.5% discount to share price on 2 Sep; Rights Issue opens on September 6 and closes on September 20

Ahmedabad, September 3: Makers of a leading Kids wear Brand ‘Gini & Jony’, Ahmedabad-based 7NR Retail Ltd, engaged in the business of trading of fabrics and apparel in the wholesale and retail segment, is scheduled to open its Rs. 16.33 crore rights issue on September 6, 2022. The funds raised through the issue will be utilised to meet the working capital requirements required to fund the company’s expansion plans, meeting working capital requirements and for general corporate purposes. The Right issue is offered at a price of Rs. 1.4 per share – 16.5% discount to share price of Rs. 1.68 per share on September 2 on BSE. Rights Issue closes on September 20, 2022.

The Company will issue 11,66,95,000 fully paid-up Equity Shares of the face value of Rs. 1 each for cash at a price of Rs. 1.4 per Equity Share aggregating to Rs. 16.34 crore on a rights basis to eligible equity shareholders in the ratio of 1:1 (1 Equity Shares for every 1 Equity shares fully paid-up Equity Share held by the Eligible Equity Shareholders of the Company, as on the record date). The last date for On-market Renunciation of Rights Entitlements is September 15, 2022.

Commenting on the development, Mr. Tarachand Gangasahay Agrawal, Managing Director, 7NR Retail Ltd, said, “Company has taken important strategic initiatives in the recent past with a focus to expand the product line, adding more channel partners etc. Our Company has started 2 new units in Ahmedabad at Vatva and Motera in the Segment of Retail Stores of Furniture, Garments and other products. The company has a mission to develop the franchisee in different cities of India, focusing more on Tier I and Tier II cities for expansion and to deliver superior quality to value to our customers, shareholders, employees and society at large. Proceeds of the issue will further strengthen the company’s balance sheet and help fund its strategic growth initiatives.”

Additionally, the company also proposes to deploy the proceeds of the Rights Issue to meet general corporate purposes, including brand-building exercises and strengthening marketing capabilities, general maintenance, partnerships, tie-ups or contingencies in the ordinary course of business and ongoing general corporate exigencies.

Incorporated in 2012, 7NR Retail Limited is engaged in the business of trading apparel in the Wholesale and Retail Segments. The company strives to focus on maintaining and reinforcing the image of its existing exclusive brand outlets under the brand name “Gini & Jony” in kids’ garments in the retail segment. Recently the Company has started the business of Suiting and Shirting. Company’s long-term focus continues to be investing in growth through new product launches and expanding retail footprints.

For FY22, the company reported a Total income of Rs. 24.29 crores and a Net profit of Rs. 77 lakh. Promoter Group holding in the company is 27.23% as on 30 June 2022. Post the rights issue, the total outstanding shares of the company should increase to 23,33,90,000 equity shares from 11,66,95,000 equity shares as on June 2022.

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September 3: Time is of the essence when it comes to dealing with food and beverages, given the fact that these items are perishable in nature. To ensure quality and also comply with regulations, these items need to be sold within a very short time period. Therefore, the successful implementation of E-Commerce in the Food Industry has always been a challenge involving critical logistical procedures. With the ever-increasing value placed on customers in the modern age, even a minor mistake can tarnish all of the reputation earned through years of hard work. This had been the underlying reason behind this industry showing a slower inclination towards adopting the E-commerce platform, particularly in the pre-Covid era. The global pandemic changed all that, with the Food & Beverages industry having to make more of a forced transition toward E-commerce, but this change has now become the norm, with most companies attempting to make a robust change in their operational procedures to cater to the needs of the industry. From the Indian perspective, the Food & Beverage segment will become the fastest-growing segment within E-commerce, with an expected CAGR of 29% by 2025, as per ‘The State of Indian Startup Ecosystem Report, 2022’ published by a leading research body.

Tidbits, a division of LIMELIGHT INDUSTRIES, has been able to adapt successfully to the stringent needs of the digital platform. This has enabled Tidbits to provide its customers access to the tastiest candies, beverages, cereals and snacks from across the globe. The company offers its customers a simplified purchase process by ensuring access to all global exotic food items under a single platform. Additionally, all products are reasonably priced, and prompt delivery is guaranteed. No wonder the company is already the fastest growing E-commerce based global food platform in India!

Parth Mundra, Founder of Tidbits, says that the success of the company is based on three fundamental pillars – Strong Adherence to Regulatory Practices, Information Accuracy and Supply Chain Efficiency. “We deal in more than 500 food products from 15 countries and have been implementing the strictest norms to ensure quality and safety of every item; this has prompted us to adopt a world-class packaging system”, says Parth.

Tidbits use digitalization benefits to create a robust Supply Chain Management to increase efficiency at every stage, beginning with Inventory Planning. The completely integrated Online Sales portal has contributed to the process as the ERP gets bolstered with critical business data.

Endorsement of all these efforts is coming directly from the customers as the Instagram Page of Tidbits crossed 10k followers within a very short time, with endorsements coming in from both celebrities and influencers. Parth says franchise requests are coming in regularly, but they will have the strictest selection procedures laid down for selection. Parth concludes, “We can walk miles to bring the choicest global foods to the homes of our customers but never take even the slightest detour if that comprises quality and safety!”

The entire Food & Beverages value chain is recognizing the importance of adopting Ecommerce more comprehensively for maximizing the opportunities provided by the platform. Tidbits have proven to be a forerunner in enhancing their capabilities to get the desired growth from this wonderful platform!

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September 3: India Business Excellence Fund – IV, a fund managed and advised by MO Alternate Investment Advisors Private Limited (“MOPE”), along with India SME Investments – Fund I and Motilal Oswal Finvest Limited have completed an investment of USD 66 Mn in Simpolo Group, India’s largest luxury and premium tiles manufacturer. Simpolo Group includes the flagship company Simpolo Vitrified Private Limited and Nexion International Private Limited.

Established in 2008, Simpolo Vitrified Private Limited is the market leader in the premium tiles segment in India, is promoted by first generation entrepreneur Jitendra Aghara and is based out of Morbi, Gujarat, one of the largest tiles manufacturing districts in the world. Simpolo has a pan India presence with a robust network of 1,100+ dealers and exports to over 50 countries. Established in 2015, Nexion International Pvt Ltd is a JV between Simpolo promoters and the promoters and former owners of Emilceramica SpA, an Italian company established in 1961 and one of the global leaders in the luxury tiles segment. On a consolidated basis, Simpolo and Nexion are the largest player in the high-end segment of the Indian tiles market, with revenues of ~USD 150 Mn in FY 2022.

Post completion of the transaction, the Group’s strategy – so far so successful – will remain the same. Simpolo and Nexion will continue to operate as independent entities; Simpolo is the Brand of Choice in the Premium market and Nexion is the leader in the Indian luxury segment.

The Group will use the financial resources, access to best practices and the skills contributed by MOPE to capture market share and grow penetration in India and abroad, enabled by targeted investment in sales, advertising and promotions, and to expand the current capacity in tiles and sanitaryware, improve logistic and enhance customer service. Simpolo sanitaryware division will also expand into the faucets sector.

Jitendra Aghara, Group CMD, Simpolo Group said, “We are delighted to have MOPE as our partners. Both organizations share the common vision to build one of the largest brands in the building materials industry in India. Over the last 15 years, we have created a differentiated presence in the premium tiles segment in India, and MOPE’s investment underscores the strength of our brand premiumness, product quality and deep distribution network. MOPE’s experience to create leaders in the manufacturing sector and the expertise gained from their real estate fund will be instrumental in elevating Simpolo Group to one of the leaders in the building materials industry in India.”

Vishal Tulsyan, MD and CEO of MOPE said, “We are excited to back a passionate first-generation entrepreneur like Jitubhai, who has built a strong management team along with forging a strong partnership with Italian promoters, who have created the strong and credible high-end brand Nexion. Simpolo has all the right ingredients to be the most valuable tiles company in India in the coming years.”

Luca Majocchi, CEO of Nexion said, “MOPE’s investment validates our thesis that India will become one of the largest premium tiles markets in the world, the driving element supporting our investment in the country. In 2015, we partnered with the Simpolo promoters with the shared vision of creating an Italian company in India. Today, Nexion is beloved by customers and architects alike due to the beauty and quality of its products, and this is reflected in the growth we have demonstrated over the last 6 years. As India economy and society continue to develop, we expect the luxury tiles market in India to grow exponentially.”

Prakash Bagla, Director of MOPE said, “We believe that the luxury and premium tiles segment in India is poised for rapid growth, as the share of high-end tiles will increase from less than 10 per cent today to 30-40 per cent as seen in developed markets. Simpolo and Nexion, with their focus on innovative designs, superior product quality, widespread dealer network and brand positioning is well placed to capture this growth and become a leading building materials player in India”.

Mitin Jain, Founder of India SME Investments said, “Simpolo’s management team has established a benchmark for providing world-class quality products at globally competitive cost-economics, which reiterates the ‘India Shining’ story. We are glad to be a part of this journey backing Jitubhai’s vision to become the most valuable company in this segment in India.”

Motilal Oswal Investment Advisors has acted as an exclusive financial advisor to the Simpolo Group.

Wadia Ghandy & Co, AZB Partners and JSA Advocates & Solicitors were the legal advisors to the transaction.

Simpolo Vitrified, founded in 2008, is one of the market leaders in the premium tiles segment in India. The Simpolo Group started in 1977, with the roof tile products and entered through Simpolo brand in sanitaryware business in 1991. Simpolo now is engaged in the business of designing, manufacturing, supplying and distributing wide range of premium products in tiles and sanitaryware segment. The company offers its products to builders, architects and home owners, both in India and outside India through a network of over 1100 dealers with export to over 50 countries. Simpolo has always been industry leader in introducing the latest technology in the Indian market with high quality standards and has the best-in-class manufacturing facilities in Morbi, Gujarat. Company has managed to create a strong brand recall in the mind of consumers.

Nexion International is the only design in Italy and made in India manufacturer of sintered stone slabs in the luxury segment of the slabs and tiles market in India. The company, established in 2015 to bring world renowned Italian design and quality to Indian architects and consumer, is a partnership between two large family groups that have always been leaders in their reference markets: Ceramiche Speranza (formerly Emilceramica), one of the best Italian firms, founded in 1961, that has setup the state of the art manufacturing facilities in India together with Simpolo’s Promoters. In less than 6 years, Nexion has become the leader in the luxury segment of the Indian ceramic market with a reach of almost 300+ dealers across India and exports to the most important markets worldwide.

MO Alternate Investment Advisors Private Limited (MOPE) is a subsidiary of Motilal Oswal Financial Services Limited (MOFSL), a diversified financial services group with businesses in Securities, Asset Management, Housing Finance, Private Equity and Investment Banking. MOPE is managing both private equity and real estate funds and cumulatively manages around USD 1.7 bn between the two asset classes. The private equity vertical focuses on providing growth capital to mid-market companies across its preferred sectors of consumer, financial services, life sciences and niche manufacturing, typically in the range of INR 2,000 – 5,000 million. The private equity vertical has, in the last 16 years, made over 36 investments in the last 16 years and has completely exited 15 investments, having delivered a gross MOIC of 5.3x (INR) and gross IRR of 25.9 per cent (INR), making it one of the top performing platforms in India. Many portfolio companies of MOPE have, over the years, scaled to between USD 3-7 bn companies from less than USD 100 mn at the time of investment.

India SME Investments was established in 2019, the Fund is sector agnostic and focussing on investing in early-growth small and mid-size companies. Simpolo is India SME’s 9th investment and has earlier concluded deals in the FinTech, retail, branded food processing, manufacturing and B2B platform businesses. Investments include KrazyBee, SmartCoin, LokSuvidha, Citykart, Kushal’s, Priniti Foods, Venus Pipes and Source.One.

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September 3: IMTS Institute is not only a leading Edtech of high-quality education, but it also offers students the opportunity to specialize in their chosen fields of study. There has been a commitment to student excellence at our Institute for 17 years.  IMTS institute has helped over 45,000 students achieve their career goals through its e-learning facility. IMTS Institute Support System has assisted 12,000 students in obtaining their certificates on time during 2022.

These courses are taught by experts who have a lot of experience in this field. Mr. Varun Gupta, IMTS Institute’s founder Varun Gupta has a vision of creating a 1,000 Experts Team campus by the end of 2025, which will feature IT experts, a career counsellor, and professors who will assist students in-Offline and online Both ways. In the past five years, the IMTS Institute has had a pass rate of 99%; the IMTS Institute

Varun Gupta has always been a role model for young people and a supporter of young people. That would make sense in that case. He assisted IMTS Institute in connecting students with international universities. UGC and government guidelines should be followed when gathering and updating student information. His students’ privacy is very important to him, so he makes sure they are not hacked by university leaks. The founder of IMTS Noida, Varun Gupta, has promised everyone that IMTS will make digital education a reality in India soon.

IMTS CEO Varun Gupta expressed his satisfaction with the achievement by saying, “I wanted to create a platform that is free and unbiased so that anyone and everyone can use it when searching for universities and various vital factors.” Despite the immense growth of Distance Education&Online Education in the country, it still does not receive equal recognition from students and professionals.”

IMTS goes beyond the classroom

With IMTS Institute, students in India and Dubai can now learn quality and quantitative skills. This is due to the excellent pass rate at the Institute of management and technical studies. Education at IMTS goes beyond the classroom. It gives you knowledge, skills, confidence, and experience to make the world a better place. There is no doubt that IMTS offers high-quality online, part-time, and distance education courses at a reasonable price.

The highest passing rate in IMTS  

There has been a 99% pass rate at the IMTS Institute in the last five years. The learners are able to get good grades from their examinations because they are easily motivated. All students are assisted with their studies by part-time instructors at the Institute. Students need to reserve their slots in advance if they are having trouble comprehending something, and study specialists will provide them with online assistance. In the IMTS institute, distance learning education is offered by high-ranking professors and PhD holders who teach quality, high-level courses. Thus, 98% of students receive their degree certificates within a given timeframe. As a result of this, most learners who attended IMTS record promotions and career advancements after attaining their degree certificate, and this has also contributed to their promotion.

IMTS now offers online career counselling with over 200 career counsellors. Varun Gupta (Founder & CEO of IMTS) guided students in selecting the right course, IMTS Institute, where they can pursue learning without visiting the college. In the IMTS institute, all students receive 100% e-learning education online or through an application-based approach. The IMTS institute has helped more than 45,000 students achieve their career goals through e-learning.

If you are still unsure about whether to join IMTS or not, then it is important that you consider the benefits of becoming a member. You will be able to pursue your dreams at IMTS Institute in 2022 as it celebrates its 17th anniversary. IMTS Institute assists you in making the transition from student to professional. IMTS Institute faculty are undoubtedly responsible for your future students’ success.

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