Tag: Business

  • Sarthak Metals Limited announced its Q4 & FY22 Results

    Sarthak Metals Limited announced its Q4 & FY22 Results

    Read Time:3 Minute, 9 Second

    Bhilai (India), May 14: Sarthak Metals Limited, one of India’s leading manufacturer of cored wires and aluminium flipping coils, hat find application in the metallurgical industry, has announced its financial results for the quarter ended March 31st, 2022. Revenue from Operations for Q4FY22 stood at ₹147 Crores, EBITDA at ₹12 Crores and PAT at ₹8 Crores. The company has also announced 10% dividend i.e. Rs. 1 every share.

    Standalone Financial Highlights for the quarter ended March 31st, 2022:

    • Revenue from Operations stood at an all-time high of ₹ 147.2 Crore in Q4FY22, an increase of 129% YoY and 38% sequentially.
    • EBITDA (excluding Other Income) stood at ₹ 11.9 Crores in Q4FY22, an increase of 127% YoY and 9% sequentially.
    • EBITDA Margins stood at 8.1% in Q4FY22, compared to 10.2% in Q3FY22 and 8.1% in Q4FY21.
    • Net Profit stood at an all-time high of ₹ 8.1 Crores in Q4FY22, an increase of 175% YoY and 14% sequentially.

     Standalone Financial Highlights for year ended March 31st, 2022:

    • Revenue from Operations stood at an all-time high of ₹ 457.3 Crore in FY22, an increase of 106% YoY. • EBITDA (excluding Other Income) stood at ₹ 39.8 Crores in FY22, an increase of 140% YoY.
    • EBITDA Margins stood at 8.7% in FY22, compared to 7.5% in FY21.
    • Net Profit stood at an all-time high of ₹ 27.5 Crores in FY22, an increase of 244% YoY.

     Commenting on the Q4FY22 performance, Sanjay Shah, Executive Director, said:

    “We are pleased to report a good set of numbers for Q4FY22, building on our last couple of quarters of sustained good operational and financial performance. The Company has reported its highest ever quarterly topline of INR 147.2 crores, delivering robust growth of 129% on a year-on-year and 38% on a sequential basis. On a full-year basis, the Company has more than doubled its previous year’s topline at INR 457.3 crores for FY22. This performance has been supported by a convergence of two factors i.e. good demand from the steel sector and a significant increase in Sarthak Metals market share for the products categories it is present in. On the profitability front, EBITDA margins grew from 7.5% in FY21 to 8.7% in FY22, supported by a healthy increase in realisations and some operating leverage leading to a 244% growth in PAT for FY22 at INR 27.5 crore.

    Our outlook for the coming year remains robust, reinforced by the upcoming capacities and investments in the Indian steel industry. Our clients, some of India’s most prominent steel players, are constantly looking for expansion opportunities. In line with current market demand and to further consolidate Sarthak’s position in its industry, the Company is planning to expand its capacities. The Company is in the process of adding another furnace for aluminium flipping coils that will lead to capacity augmentation of up to 50% of the current capacity, the same is expected to be commissioned in H1FY23. Furthermore, an additional manufacturing line of cored wires is also on the cards for the coming year. To capitalise on opportunities beyond our existing product segments, your Company acquired a 5-acre plot next to our facility, that is reserved for a new strategic business opportunity that the Board of Directors and Senior Management are currently validating.

    Given our robust financial performance and strengthened balance sheet position, we have announced a second and final dividend of Re 1 to our shareholders. The total dividend for the year will be Rs 2, subject to shareholder approval in the AGM. Your company looks forward to capitalize on the long-term opportunities offered by the Indian steel industry and the growing Indian economy.”

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  • Delta smart Locks- Singapore-based Delta launches ‘No WiFi’ smart lock Delta X1 Series in India

    Delta smart Locks- Singapore-based Delta launches ‘No WiFi’ smart lock Delta X1 Series in India

    Read Time:2 Minute, 6 Second

    New Delhi (India), May 14: You no longer need an internet connection for your smart lock to function. Delta, the leader in keyless access solutions for smarter homes based in Singapore, has introduced the ‘Delta X1 Smart Lock Onyx Rose Gold’, the first-of-its-kind ‘No WiFi’ smart lock based on the unique one-time password technology.

    Delta intelligent systems is in a very exciting growth phase that gets us one step closer to our vision of ‘A World without Keys,’ and the potential in the Indian market is greater than ever,” said Delta CEO Elica Josef. Additionally, we compete based on a superior value proposition based on exclusive intellectual property, innovation, and strong brand qualities. This initiative will bring us closer to our customers and partners, allowing our brand to flourish more quickly and effectively.

    Josef noted that, unlike traditional smart or digital locks, the Delta smart locks does not require you to be near your Mortise to set up PIN numbers for your guests. Delta’s patented technology allows for the generation of access codes on the fly. Delta Locks are more resistant to WiFi hacking and instability since they operate offline. The smart lock does not require an internet connection in order to function.

    Delta, founded in the year 2018, comes with the proprietary smart pin technology allowing the owners to grant access to visitors remotely via time-sensitive PIN codes or Bluetooth keys.

    Delta X1 is beautifully designed with the highest quality materials and the smart lock can withstand the hardest weather conditions from wet to freezing temperatures to extreme heat. One can lock and unlock the door whenever they are with their smartphones. The intuitive OLED display and voice guide use the touchscreen to simply add or delete users on the device and it comes with a quick tap entry with a 13.56 MHz frequency, which is perfect for kids and the elderly.

    “In the last year, smart locks have assisted millions of hosts in welcoming guests while maintaining social distance.” Contactless check-in has shown to be a perfect solution to provide travellers with safety throughout the COVID pandemic, quickly becoming an industry standard. Delta has worked tirelessly to develop the fingerprint sensor. The sensor is concealed within the front panel of the lock to prevent the possibility of manipulation. It also maintains the aesthetics of seeming slender and sleek to complement any décor,” Josef explained.

    http://www.deltahome.in/

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  • Tata Motors Finance – Empowering the Drivers of the economy

    Tata Motors Finance – Empowering the Drivers of the economy

    Read Time:4 Minute, 7 Second

    ~Under Project Akanksha, in association with CGF Samhita, the brand plans to impart skill-based training to 25,000+ commercial vehicle drivers in India over the next 3 years, in line with National Skill India Mission

    New Delhi (India), May 14: Tata Motors Finance, a leading Non-Banking Financial Company, and India’s largest financier of Tata commercial vehicles, has always believed in empowering the driver community – one of the key pillars of India’s vast transport and logistics industry. The brand recently took yet another step in this endeavour with the launch of Project Akanksha – its flagship skilling program that aims to impart relevant skill-based trainings to over 25000 drivers across the country, by collaborating with Collective Good Foundation (CGF), Samhita. The project is designed as a holistic and comprehensive upliftment program that covers critical aspects like financial literacy, entrepreneurship, occupation-related skills as well as life skills. The project involves conducting a comprehensive multi-city upliftment and cash flow maintenance program for safeguarding the financial future of the drivers. The program is a combination of academic and practical sessions to help the drivers gain relevant expertise.

    The Indian Commercial Vehicle industry is anticipated to grow at a CAGR of 18%, to reach 11,80,000 units by FY2025. With consumer demand bouncing back to pre-pandemic levels, a host of infrastructure projects lined up especially in Tier2 & Tier 3 cities, coupled with a massive government spending on capex projects, the demand for commercial vehicles is expected to surge in the next 2-3 years. Through ‘Project Akanksha’, Tata Motors Finance aims to equip the driver community with the requisite arsenal to leverage the upcoming opportunities. The focus is to ensure high impact by not only increasing the scale of training year-on-year, but also enhancing the quality of trainings in order to ensure that the drivers are not just prepared but are more than ready to thrive in any environment. So far trainings have been carried out in 15 cities viz Ambala, Anuppur, Bhojpur, Guwahati, Gwalior, Hyderabad, Lakhimpur, Lucknow, Mumbai, Muzaffarpur, Nammakkal, Patna, Pune, Vizag and Vijayawada, covering over 8000 drivers.

    Punit Puri, Chief Human Resources Officer, Tata Motors Finance shared, “Thanks to the rapidly expanding road network and fast pace of highway construction, along with a booming e-commerce sector, the Indian Commercial Vehicle Market is all set to witness a massive bull-run in the next few years. Increasing urbanization and growth of SMEs are further substantiating the rise of Indian CV industry and we want to ensure that the driver community is able to make the most of the opportunities ahead. As per ASDC and EY’s recent report, there are numerous skills required by drivers like basic mechanics, financial management, vehicle detailing, transport management, etc., as a complementary skill to driving. The report also highlights that road transport segment would require an incremental human resource of 26.36 million to meet its requirements by 2026. On the occasion of International Professional Drivers Day, we are happy to share that Tata Motors Finance has pledged to train 25,000 Indian drivers under ‘Project Akanksha’ in the next 3 years, bridging the financial literacy and skill gap in the driver community, carrying forward the National Skill India Mission.”

    “The Indian commercial vehicle driver community is severely underserved and vulnerable to safety issues. Equipping them with skills that can help them build sustainable enterprises is a high priority in our country. By focusing on crucial aspects of their lives – professional, health and financial, we are confident that we can change their attitude and practices with regard to their profession, peers and the industry at large. This partnership will immensely benefit the driver community, empower them through the acquisition of relevant skills and potentially lead to entrepreneurship or community enterprise.” Priya Naik, Co-Founder, Samhita.

    Project Akanksha aims to enhance knowledge, address growth barriers and strengthen the driver community through the following focus areas

    • Financial Literacy: Sensitize and train them on developing financial acumen and discipline
    • Entrepreneurial skills
    • Soft Skills for Business and enhancing Employability
    • Digital Literacy: Enable them to track and manage their expenses through digital tools.
    • Occupation related: Road safety, Substance abuse, Health & Wellness.

    Established in 1957, Tata Motors Finance is a Non-Banking Financial Company and one of the pioneers in the vehicle financing industry. Headquartered in Thane (Maharashtra), the brand has a strong footprint across India and operates through its own 250+ branch networks and 700+ channel partners in addition to Tata Motors dealers’ sales outlets. Currently, the brand is servicing over 17000+ pin codes across the country and touched over 2 million customers since its inception. Its portfolio includes loans for new and used vehicles, vehicle and customer lifecycle products like refinancing, working capital, fuel loans, tyre loans, fastag, insurance and many more, along with loans to vendors and suppliers of Tata Motors, all to benefit Tata Motors and its strategic partners.

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  • Koo’s Co-Founder and CEO Aprameya Radhakrishna Recognized among Top 100 Global Tech Changemakers

    Koo’s Co-Founder and CEO Aprameya Radhakrishna Recognized among Top 100 Global Tech Changemakers

    Read Time:2 Minute, 40 Second

    Aprameya Radhakrishna, Co-Founder & CEO, Koo

    Recognized as an innovator impacting the lives of millions, by international nonprofit Rest of World

    Features among Rest of World’s 100 most influential tech leaders and innovators worldwide

    New Delhi (India), May 14: Koo’s Co-Founder and CEO, Aprameya Radhakrishna has been recognized amongst Top 100 most influential tech leaders by international non-profit journalism organization Rest of World (RoW).

    Koo’s core value proposition of enabling self-expression in local languages has been recognized as an innovative and disruptive solution solving a real-world problem, while positively impacting the lives of millions. Koo’s Co-Founder and CEO Aprameya Radhakrishna has been recognized by RoW as one of the 100 most influential personalities in the world who are building products for the communities they know best, while overcoming unique challenges.

    Koo was built to empower internet users in India – a country where just 10 percent people speak English – to express themselves in their local languages, and discover and interact with their local communities. Koo’s Aprameya Radhakrishna is in fact, the only entrepreneur from India to be featured in the ‘Culture and Social Media’ category in RoW100: Global Tech’s Changemakers – which heralds dynamic entrepreneurs, innovators and investors outside the West, whose outstanding contributions are transforming communities worldwide.

    Aprameya Radhakrishna, Co-Founder and CEO, Koo, said, “We are excited and feel privileged to be recognized among RoW100: Global Tech’s Changemakers, which features the most prolific entrepreneurs and visionaries around the world who are shaping the lives of millions through unique, breakthrough solutions. To be recognized by a prestigious organization like Rest of World, is truly an honor for us. We found a gap in language-based micro-blogging and built a solution which offers a superior and immersive multi-language experience. The need for self-expression in local languages is not something unique to India, but a global challenge, since 80% of the world speaks a language other than English. Our solution is globally scalable and relevant to markets across the world. We are focused on bridging the language divide on the open internet, connecting people across linguistic cultures and taking our product, which is built in India, to the rest of the world.”

    The Koo App was launched in March 2020 as a multi-lingual, micro-blogging platform to enable Indians to express themselves online in their mother tongue. Koo has been the innovator of language-based micro-blogging. Koo App is currently available in 10 languages – Hindi, Marathi, Gujarati, Punjabi, Kannada, Tamil, Telugu, Assamese, Bengali and English. Koo democratizes the voice of Indians by empowering them to share thoughts and express freely in a language of their choice. Among its innovative features, the platform’s translation feature enables the real-time translation of a post across the slew of Indian languages, while retaining the sentiment and context of the original text. This enhances reach and garners greater traction for a user. The Koo App has over 30 million downloads and is actively leveraged by over 7000 people of eminence across politics, sports, media, entertainment, spirituality, and art & culture to connect with their followers in multiple languages.

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  • Harraj s Lamba to push boundaries With Mr. Olympia Big Ramy Motivated india

    Harraj s Lamba to push boundaries With Mr. Olympia Big Ramy Motivated india

    Read Time:2 Minute, 0 Second

    May 14: Bodybuilding in India is a classic mix of the old and the new and young Indians are embracing it with gusto. Championships, at national and international levels, are bringing together handsome bodybuilders of different nationalities in a show of contest. Such competitions have provided a golden opportunity to the fitness industry to grow beyond its traditional boundaries and given rise to a new generation of bodybuilders who are making waves internationally.

    Harraj S Lamba, a Mumbai-based fitness expert, has come to be the face of one such contest called “Enhanced Athlete India.” Standing tall at 6’4, this lean and handsome bodybuilder has not just generated millions of fans across the world, but has also represented Enhanced Athlete India in the company of 2-times Mr. Olympia ‘Big Ramy’, at IHFF Sheru class & Dubai Muscle Show 2022.

    37-yr-old Big Ramy recently topped the contest rankings at the first round held in the city of Orlando in Florida, U.S. Big Ramy took part in the first round, cutting a massive figure at 300-pounds. Lamba is one of the 16 players at the contest, others including Egyptians Mohammad Shaaban and Hassan Mustafa, who couldn’t qualify for the final round. Even though Big Ramy was crowned Mr. Olympia in the famous contest of the most strongest of men, with his perfect V-shaped back, small waist and sharp jaw-line, Harraj was able to create a positive impact on the audience as well as the jury.

    Talking about his first meeting with Big Ramy in Orlando, Harraj says, “Before meeting him, I had known about his conquests in the world of bodybuilding.

    However, meeting him in person was quite an experience. He really motivated me and offered genuine advice on bodybuilding.”

    Ever since he has put up photographs on his Instagram account, harraj s lamba, he has gained new followers on social media, and he has come to be known as the first Indian to compete in Super League in Las Vegas usa – body building competition at the same platform as “mass monsters” Aaron Reed & Larry Wheels.

    Having worked out with bodybuilding greats such as Mike O’Hearn and Dr. Tony Huge has instilled in Harraj Lamba the confidence to carry forward in this field and push himself to achieve his true potential.

    Enhanced for life I.g harraj s Lamba

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  • Business Mint awarded Seema Thomas as the Most Prominent Women Creative Marketer – 2022

    Business Mint awarded Seema Thomas as the Most Prominent Women Creative Marketer – 2022

    Read Time:1 Minute, 48 Second

    ‘Dream, believe, lead, repeat.”

    May 14: Meet Seema who has paved her way, proved her mettle, and crushed the stereotype to claim her position.

    It takes great creative guts to build high-impact, original communications for technology brands that stand out, and Seema has consistently done so across her work experience. Throughout her career, she has challenged the traditional female creative stereotype by executing business-transforming projects for top IT multi-national brands.

    An authentic and inclusive leader, Seema is true to herself and a fresh gush of inspiration for others. She has over 16 years of B2B tech marketing experience working with global cross-functional teams in the area of marketing communications, branding, and sales support. An agile and result-oriented marketer with experience in providing corporate marketing solutions to diverse clients globally, she has not only earned the respect of her superiors to rise as a business leader but has also earned the admiration of her peers.

    Seema is a visionary with a disruptor mindset who can adapt to the ever-changing market demands. Creating new is a thing; it’s quite another to scale the innovation from concept to reality; with evidence of success across channels.

    Seema joined LTI in 2017 and started as the head of the global Customer Experience team. Her team functions in a shared-service model that owns creatives, content, social media, and client visit experience for the brand. Her work involves collaborating with the brand’s internal & external teams, as well as its vendors across the globe. She worked for some of the biggest IT brands like Infosys, Wipro, and Capgemini before joining LTI. Her career compasses big-hitting brand projects to create unmatched customer experiences that help win deals.

    She has also been responsible for running the social media platforms.

    Her team has helped LTI position itself on the leading edge of digital and social media right from community management to content. Her personal dedication to her ideals concerning customer experience is second to none.

    Seema is a strategic thinker, an imagination, and an art enthusiast who loves to brandish her paintbrush encounters as #MeAndMeraki on her social pages.

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  • Analysing the Amalgamation of Technology and Expertise in the Fragrance Industry

    Analysing the Amalgamation of Technology and Expertise in the Fragrance Industry

    Read Time:3 Minute, 33 Second

    Nitiin Sharma, Director, Blossoms Aruma

    May 13: The famous American novelist Mary Gaitskill once said, “The appeal of perfume is that it is at once ephemeral and empowering. It creates shimmering invisible armour that lingers in a room long after its wearer has gone and infuses our imagination with a subtle power, hinting at a hidden identity.” Indeed, the appeal of fragrances cannot be discounted and this can be verified on a global scale! The global fragrance industry attained a market value of 33.5 billion dollars last year and, according to research by the IMARC Group, the industry is expected to grow at a compounded annual growth rate of 6.1% between 2022-2027, reaching a market capitalisation of 47.6 billion dollars in the next five years.

    According to Nitiin Sharma, Director, Blossoms Aruma, “People across the world love perfumes and enjoy the sensation of luxurious fragrances. However, they rarely think about the technology, R&D, and expertise that go into the creation of unique and ethereal scents. In the beginning of the 19th century, the trend was to use natural essential oil/absolutes/resins or balsams with aroma chemicals that were available at that time. Early 1950 onwards, perfumers started making their own accords of flowers and bases, using newly discovered chemicals, keeping the cost of all classic perfumes under control. This is the period when research scientists joined hands with perfumers and with their analytical abilities started decoding fragrances.”

    Blossoms Aruma is a perfume house designing purely French yet truly Indian fragrances. The brand was incepted in 2006 by Nitiin Sharma, who had a strong desire to change the societal impression of the daily perfume. He shared that, as time progressed, the fragrance industry began using equipment like Gas Chromatograph and Mass Spectrometers and today, expert perfume makers at Blossoms Aruma and other fragrance companies rely on advanced equipment like T.O.F and headspace systems. These are used to study fragrances directly from finished products and this makes the overall process of perfume making a lot faster and simpler.

    “Unlike earlier times, when perfumers created fragrances inspired by their hearts, nowadays it is a technology-driven industry. Artificial Intelligence offers us insights on the trends likely to influence the market in the next season. Based on these details, perfumers create fragrances by combining technology, R&D, and their inherent expertise, ”Nitiin said.

    As technological development continues to influence fragrance creation, perfumers are increasingly resorting to biodegradable materials to map the perfumery ecosystem and ensure sustainability. Accordingly, chemicals that are non-biodegradable are being eliminated and new molecules are being introduced, making the use of fragrances safer and eco-friendlier. Further, with tremendous focus on environmental issues, governments are also placing restrictions aimed at safeguarding marine life, and nature and these regulations are also helping protect the human body. “Technologically developed molecules are replacing costly natural materials, that too, at a much affordable cost. This helps perfumers create luxurious fragrances for all demographics,” Nitiin stated.

    Indeed, an amalgamation of technology and expertise is what helps perfumers arrive at the perfect composition and notes to tantalise peoples’ senses. And no one knows it better than Nitiin, who has spent over 25 years studying and transforming the Indian perfume industry while participating in the global fragrance revolution. With purely French fragrances which evoke an Indian ethos, Blossoms Aruma has been a game-changer in the Indian perfume industry, shaping it into the blooming sector it is today.

    “Perfume making is as much an art as it is a craft, and the industry requires intrepid innovators who can adeptly amalgamate technology and intensive R&D with their expertise and unique talent. Every individual is unique in their own right, and they deserve to wear a perfume that makes them amplify their persona and leave behind a legacy. And that is really what perfumery is all about – creating a lingering and lasting fragrance that captures the imagination of the individual while also fostering an aura of completeness and unique sensibilities,” Nitiin shared.

    As the global perfume industry looks forward to a strong innings over the next five years, innovation and uniqueness can only be fuelled through the symbiotic relationship between technology, innate talent, and extensive years of practice.

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  • Central team from Textile ministry assess the feasibility of setting up PM MITRA Park at Vansi-Borsi in Navsari district

    Central team from Textile ministry assess the feasibility of setting up PM MITRA Park at Vansi-Borsi in Navsari district

    Read Time:2 Minute, 50 Second

    Surat (Gujarat) [India], May 13: If all goes well, the largest man-made fabric (MMF) hub in the country, located in Surat, is about to take a giant leap ahead. In response to the Gujarat Government’s plan to establish the Mega Integrated Textile Region and Apparel Parks (PM MITRA), an inspection team from the Union Ministry of Textiles visited Vansi-Borsi in the Jalalpore taluka of Navsari to assess the viability of establishing the MITRA park on May 10.

    The Central team members from the Union Textile Ministry including Joint Secretary of Textile Ministry, IAS Prajakta Varma, Deputy Secretary, Ravi Shanker Shukla, and the director of the Office of Textile Commissioner, Mumbai  Saurabh Kulkarni conducted a joint with the textile industry stakeholders, Joint Managing Director of Gujarat Industrial Development Corporation (GIDC) DB Prajapati and chief engineer BC Warli, Navsari’s district collector Amit Prakash and officials of the Southern Gujarat Chamber of Commerce and Industry (SGCCI) to discuss the viability of the PM Mitra park at Vansi-Borsi in Navsari.

    At the meeting held at the Platinum hall of the Surat International Exhibition and Convention Centre (SIECC) at Sarsana, Ashish Gujarati, President of SGCCI said, “Even three PM Mitra parks of 1,000 acres each will not be sufficient to accommodate Surat’s textile industry.” “For the fast-paced investment in PM Mitra scheme, the industry players should be given swift clearance under the Textiles Technology Development Scheme (TTDS) and the government should come up with the policy on ‘renewable energy’ on a priority basis.”

    GIDC’s joint managing director and chief engineer presented the statistical information before the Central Inspection team on the feasibility of the PM Mitra scheme at Vansi-Borsi village in Navsari’s Jalalpore taluka.

    Textile industry stakeholders in attendance claimed that they have been waiting to put up units since the PM Mitra scheme was introduced since land costs in Surat had risen dramatically. To reduce production costs, textile businesses must be able to obtain land at reasonable prices. Surat has a high demand for textile manufacturing and expansion. Even three PM Mitra parks will not be enough to meet Surat’s growing textile sector needs.

    Textile stakeholders, while interacting with the Central team members, predicted that the PM MITRA Park in Navsari’s Vansi-Borsi will be fully operational within three years of its opening. A shared captive power plant, Common Effluent Treatment Plant (CETP) with a common boiler, Sewage Treatment Plant (STP), and a housing project for textile workers should all be included in the PM MITRA Park. The Khar land in Vansi-Borsi near the PM Mitra Park should be exploited to generate wind and solar energy.

    The meeting was attended by BS Agarwal, chairman of PM Mitra Park committee of SGCCI, Bharat Gandhi chairman of Federation of Indian Art Silk Weaving Industry (FIASWI), Dhirubhai Shah chairman of Synthetic and Rayon Textile Export Promotion Council (SRTEPC), Ashok Jirawala chairman of Federation of Gujarat Weavers Welfare Association (FOGWA), Dipak Sheta of Saurashtra Textile Traders Association, Mahendra Kukadia president of Surat Texmac Federation, Suresh Patel secretary of South Gujarat Texturisers Association, Sanjay Saraogi of Laxmipati Group, Ravind Arya of Madhusudan Group, representative of common Boiler Project Vishal Budia and environment expert Kunhal Shah.

    Honorary secretary of SGCCI, Dipak Kumar Shethwala conducted the entire meeting, and SGCCI’s President-Elect, Himanshu Bodawala presented the vote of thanks.

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  • Tilak Banerjee steps forward to organise the unorganised Seafood and Meat Market through Pescadoo

    Tilak Banerjee steps forward to organise the unorganised Seafood and Meat Market through Pescadoo

    Read Time:1 Minute, 16 Second

    May 13: India is the second biggest aquaculture and fish producer globally.  The Indian fish market is expected to reach a volume of 26.6 Million Metric Tons by 2026, exhibiting a CAGR of around 9% during 2021-2026. The changing lifestyle of people and food habits coupled with a rising appetite for healthy food is creating higher demand for processed fish in the urban areas. The country holds a huge potential for seafood with a long coastline spanning about 8,129 km. India’s buoyant seafood industry has emerged as the largest group in agricultural exports of the country. Hence, Timaeus Marketo founded by Tilak Banerjee came up with a vision to organise the unorganized sea food market with their D2C brand named www.pescadoo.com .  Pescadoo focuses on three categories of supplies at present. It primarily caters to the bulk retail supplies, Star category restaurants, boutique fast food chains and gourmet kitchens and direct consumers.

    Their Mission is to be the most reliable, efficient and effortless source of a variety of sea foods and meat for different category of end consumers. It solved many hygiene affairs involved in seafood and meat market and also UKAS certified ISO 9001:2015 company. Its moto is to reach and help each and every customer faster and deliver fresh products within 120 Minutes.

    It has been functioning in Kolkata for almost a year now, and had just began their operation in Bangalore too and slowly focuses on delivering all over the country in the near future gradually.

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  • How Center for Business and Technology is helping SME’s and Startup Success with Growth Strategies?

    How Center for Business and Technology is helping SME’s and Startup Success with Growth Strategies?

    Read Time:1 Minute, 40 Second

    Jaipur (Rajasthan) [India], May 13: Jaipur Based Business Consulting firm Center for Business and Technology is on a roll to help SME’s and Startups with Growth Strategy, an aspect that most startups fail to address.

    As per stats, 90% of startup fails, and appx 75% of funded startups fails. This confirms that just having funds doesn’t solve all the problems. CBT is helping ventures in developing a strong foundation backed by long-term strategies.

    Founder & Chief Consultant Mr. Ravi Raizada, an Alumni of IIM-C, has worked with and supported More than 70 SME/Startups so far.

    He says that founders and business owners face different challenges at different stages, and we as a group are successfully rendering advisory and support systems to address this issue.

    We deal with early-stage startups with zero revenues to growth stage ventures doing upto 20-30 cr of business in formulating their growth strategies, sales and marketing, and operational excellence.

    He further says, “Strategy is not Planning and though it takes time to research and analyze & prepare, once you have a strategy in place, your probability of succeeding increases.”

    We treat every venture as unique and offer personalised handholding. Different advisory and support programs are created to address different needs. Currently 15 Startups & 10+ businesses are active on board with us, availing our Advisory, Consulting & Project Management services.

    CBT also launched a formal three months training and Development program, SEEP (Startup and Entrepreneurship Excellence Program), for early-stage / idea stage startups/enthusiasts who want to pursue entrepreneurship as a career.

    Program aim to equip and certify applicants with Expertise in creating sustainable and scalable enterprises.

    The program will be spread nationally with Program Partners and Institutional Collaboration.

    The Group is also in the pivot stage for a growth stage Advisory and accelerator program, especially for D2C and SAAS businesses, and has 3 ventures in the pivot program.

    http://www.cbt.ind.in/

    http://www.linkedin.com/in/raizadaravi

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