Tag: Business

From left to right, Mohan Narayanaswamy SVP, Shekar Pannala along with L Sathya Prasad, Gellert Eduard Fabian, Mayur Patnala

India, May 5: To create a platform for students in digital learning, Chubb Business Services India Pvt Ltd (CBSI), in association with the Telangana government and NGO partner Nirmaan Organization, installed Disruptive Digital Intervention (DDI) labs at three government schools in Hyderabad last year. Chubb fully sponsored well-trained faculty for the labs, along with annual maintenance covering power backup, a high-speed broadband internet connectivity projector, LED TV and audio facility.

A group of CBSI employees and Chubb leaders, including Shekar Pannala, Vice President, Chubb Group and Global CIO; Gellert Eduard Fabian, CIO for Chubb’s Asia Pacific region; Mohan Narayanaswamy, SVP, CEO, and MD of CBSI; and Duggirala Sathya Prakash, AVP Risk and Compliance, visited ZPHS Medipally. Students enthusiastically welcomed Chubb senior leadership and expressed how the computer lab installations have benefitted them by giving new hope for their future. During the visit, Pannala and Fabian interacted with the students, faculty and Headmasters of three schools to understand the students’ progress in digital learning through these labs.

Emphasizing the importance of education, Pannala urged students to be goal-oriented, focused and utilize the resources to maximize their future growth opportunities. He stated, “Education is the most precious asset one can have, and being literate in technology leads to more career choices. “He also assured Chubb’s active participation in supporting students’ overall advancement and career opportunities.

Narayanaswamy said, “We should dream big and give our best efforts to reach great heights. With a strong will, we can achieve success irrespective of our origins.” He reiterated Chubb’s commitment and support in creating smart classrooms for students’ learning. Mayur Patnala, Founder and CEO, Nirmaan Organization, and L. Satya Prasad, Headmaster, ZPHS Medipally, expressed their gratitude to Chubb for extending tremendous support by inspiring students with their presence.

Chubb Business Services India is a fast-growing Global Competency Center that supports Chubb’s insurance operations, information technology, and digital and analytics functions. Effective April 8, 2022, Chubb Business Services India LLP is converted to Chubb Business Services India Private Limited. Since its inception in Oct 2019, CBSI has expanded its foothold in Hyderabad, Bengaluru and Bhubaneswar, providing support with a diversified talent pool of 900+ employees in Intelligent Process Automation, Digital technology, data analytics, and catastrophe modelling and risk management.

Chubb is the world’s largest publicly traded property and casualty insurance company and the largest commercial insurer in the United States. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to diverse clients. We assess, assume and manage risk with insight and discipline as an underwriting company. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, Paris, London, and other locations and employs approximately 31,000 people worldwide. Visit chubb.com

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May 5: Pluc.tv, which “believes in powering the rise of the creator middle class” will be joining start-up accelerator Expert DOJO in Southern California on the heels of crossing half a million users. Start-to-finish creator economy platform Pluc.tv announced that it has raised an undisclosed amount in pre-seed funding and is joining Expert DOJO, an international early-stage start-up accelerator in Southern California.

Pluc.tv will use these funds for the growth of the platform, implementing a robust go-to-market strategy for international expansion and further product development. It has successfully tested out its creator community pilots in countries like Indonesia, Nigeria and the UK.

Tamseel Hussain, Founder and CEO of Pluc.tv said “We’re very excited for this phase in the Pluc.tv journey. Our vision is to create an equal world where anyone can monetize early through storytelling and original content. Despite being bootstrapped so far our platform was being used by almost 500,000 people with creators joining in from over 22 countries. Now with Expert DOJO’s expertise in international markets, we can’t wait to take this growth curve further.”

“Pluc.tv on the other hand, believes in powering the rise of the creator middle class — aiming to enable 99.9% of creators in the world to learn, create and monetize” said Hussain.

The ‘Pluc’ in Pluc.tv does, after all, stand for: ‘People Like Us Create’.

More than 50 million people around the world consider themselves creators today and India’s creator community is expected to cross 100 million in the next 5 years. However, most platforms are being built on the same culture – pushing money only to the 0.01%. To get big Twitch payouts, for instance, you have to be among the top 0.01% of streamers. The top 10 publications on Substack make the major chunk of subscription revenue. The top 1% of podcast earners make the vast majority of podcast ad revenue.

The creator economy is driving major advertiser attention towards creators with massive followings. As a consequence, more platforms are focusing on trend-driven content that has lower replay value and will last only for a few hours or days. But Pluc.tv helps creators create amazing original content that lasts longer on the internet, irrespective of trends or their follower count. It does this, fulfilling many storytelling monetisation aspirations, with a robust creator stack and B2B2C model which helps brands access new creators and get their own shows.

In this way, Pluc.tv has built a seamless ecosystem that enhances storytelling and helps more creators enter the creator economy to create amazing content and earn their first buck. Brands too, can find unique creators and stories to partner with.

From a doctor who wanted to offer credible information during the pandemic reaching millions of people to a group of young students from rural India creating their own short film in less than 60 hours Pluc.tv is used by thousands of creators to not only produce and share their content but also learn new skills via courses and apply for new gigs.

The company was founded in 2017 and today it comprises 500,000 users and 32,000 creators with 7,000+ published stories and 120+ shows in 12 languages that have reached over 500 million people worldwide. With creators from 22 countries on its platform, including India, Indonesia, Nigeria, UK and US. Pluc.tv has approximately 200,000 monthly users who view content on its platform. It won the Silver for ‘Best Use of Online Video’ at the prestigious WAN-IFRA Awards for two consecutive years. Some of the top content categories on the platform include health, environment, gender, finance, gaming and art and culture. Pluc.tv also has its iOS and Android apps in beta testing with selected creators and will launch it for more users soon.

Commenting on Pluc.tv joining Expert DOJO, Brian Mac Mahon, founder of Expert DOJO, said, “Expert DOJO is excited to bring Pluc.tv into our cohort and help them grow their business. We invested in their company because we think they fill a massive need in the market and believe they will play a huge role in the creator economy around the world. We are looking forward to joining them throughout this entire journey.”

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May 5: Today sport emerges as an important component of socio-economic development of our country. Thus, it becomes vital for schools to offer good opportunities to students to engage and compete in sports. As one of the top schools in India, Ramagya School strives to help-develop this growing sports culture among the people of the nation. For Ramagya, holistic health for all is equally essential as healthy citizens contribute not only in the development of GDP but also strive to bring name, laurels and glory for the nation. Keeping up with the trend, Ramagya School recently hosted the “14th Pre-U.P. State Air Weapon Shooting Competition” by U.P. State Rifle Association (UPSRA) in collaboration with Shoot X academy. Participation was open to competitors belonging to Uttar Pradesh only.

The ‘14th Pre-U.P. State Shooting Competition’ witnessed a phenomenal success with record-breaking 1800 participants from 48 districts and 35 shooting clubs of Uttar Pradesh participating in the competition. Moreover, the competition was one of India’s biggest shooting events in recent times with 80 shooting lines used during the competition. The event was blessed with the presences of some of India’s biggest names in shooting as chief guests. The competition was organized in various categories such as Air rifle Championship Men Individual and Team, Women Individual and Team, Junior Men, Women, Veteran Individual, Handicapped Men and Women. The Jury of the competition consisted of following Members: – 1. Shri Jagdeep Madhok, Senior Vice President, UPSRA. 2. Shri G.S. Singh, Honorary Secretary General, UPSRA. 3. Shri Rohit Jain, Joint Secretary, UPSRA.

The event was declared open on 23rd April, with an opening ceremony. The ceremony boasted of the shining stars of Shooting Arena as guests, such as Mr. G.S. Singh (Gen. Sec, U.P. State Rifle Association); Mr. Arun Singh (Joint Secretary, U.P. State Rifle Association) and Mr. NitinChaudhary (Founder& Coach, ShootX Academy). The event was also graced by the presence of Dr. Sanjay Gupta (Chairman, Ramagya Group), Mr. Utkarsh Gupta (MD, Ramagya Group) and Ms.Aparna Magee (Principal, Ramagya School, Noida).The event commenced with the lightning of the lamp. The esteemed guests of honor spoke to the gathering about the need of recognizing sports as an asset and striving for the betterment of scope in Olympics. They also spoke about the famous shooters of India-their lives and their struggle.

In an interview, Mr. G.S. Singh said, “The Ramagya School and ShootX Academy have done an exceptional work in organizing this prestigious shooting competition by U.P. State Rifle Association – one of the oldest State Rifle Association in India. Such events greatly boost the morale of young and aspiring shooters in bringing laurels for the nation.”

Participation and qualifying in Pre-UP State Shooting Competition was compulsory for those shooters who will be participating in 45thU.P. State Shooting Championship Competition for the first time. A minimum of 50% score was required in Pre-UP State to qualify for U.P. State Shooting Championship Competition. Shooters who failed to attain 50% will not be allowed to participate in U.P. State Shooting Championship Competition.

The final rounds of the completion were held on 26 April, 2020 and the awards were presented by legendary shooter and the president of the U.P. State Rifle Association – Mr. Shyam Singh Yadav. At the end of the closing ceremony, Mr. Utkarsh Gupta (MD, Ramagya Group) and Ms. Aparna Magee (Principal, Ramagya School) congratulated the participants of the competition and extended their best wishes for the upcoming National Championship.

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Ahmedabad (Gujarat) [India], May 5: Symposium 2022, the flagship event of Ahmedabad’s favourite business network for premium entrepreneurs, Business Network International (BNI), will be the perfect confluence of business and entertainment.

Taking place physically after two years, the Symposium will promote business, networking, creativity, innovation, and much more like never before. The mega event will take place from May 6-8 at Club O7.

“Symposium 2022 will be the city’s biggest networking event of the year. It will see many activities aimed at promoting business, networking, creativity, innovation, and much more. We are thrilled by the response it has received from our 2,000+ members,” says Yash Vasant, Executive Director, BNI Ahmedabad.

Symposium 2022 will kick off with the Sicilian Carnival, a special evening for families of BNI members to enjoy and cherish, on May 6.

Actor Kabir Bedi will highlight the awards and speaker session on May 7, followed by the Sicilian Conclave that will see snap one-to-one business meetings between members. An exhibition, another important highlight of Symposium 2022, featuring 70+ stalls by leading professionals, is expected to attract 5,000 visitors in a day.

The Sicilian Gala, the annual awards night that is often called the Oscars of BNI Ahmedabad, is expected to be attended by over 2,000 people, comprising members, spouses, and kids on May 8. Over 100 awards will be given at the night.

The finale of BNI’s Got Talent, where members can showcase their talent, will mark the culmination of Symposium 2022.

“Symposium 2022 has been planned in a way that there is something for everyone. There is business of course, but there are a lot of fun activities for spouses and also children. Children will also get a chance to showcase and polish their entrepreneurial skills,” adds Yash.

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Mumbai (Maharashtra) [India], May 5: BLS International Services Ltd. (BSE: 540073, NSE: BLS) is a trusted global tech-enabled services partner for governments and citizens, having an impeccable reputation for setting benchmarks in the domain of visa, passport, consular, citizen, e-governance, attestation, biometric, e-visa and retail services since 2005.

As per bulk deal data available on NSE, Sixteenth Street Asian Gems Fund picked up 10,00,000 shares in BLS International Services Ltd. at an average price of Rs. 358.25 on May 04, 2022.

Earlier the board had approved the issue of bonus shares in the ratio of 1:1, i.e. Bonus Issue of Equity Shares in the proportion of (One) Equity Share of Re 1/- each for every (One) Equity Share of Re 1/- each held by the shareholders of the Company as on the record date, May 17, 2022, subject to approval of shareholders.

BLS International Services Ltd. is recognized as “India’s Most Valuable Companies” by Business Today Magazine, “Best under a Billion” company by Forbes Asia and ranked amongst “Fortune India’s Next 500 companies”.

The company works with over 46 client governments including Diplomatic Missions, Embassies & Consulates and leverages technology and processes that ensure data security. The Company now has an extensive network of more than 12,287 centers globally with a robust strength of over 15,000 employees and associates that provide consular, biometric and citizen services. BLS has processed over 52 million applications till date globally.

BLS International is the only listed company in India in this domain with operations spread across 66 countries.

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New Delhi (India), May 5: IDEA CLINICS (Institute Of Diabetes, Endocrinology & Adiposity Pvt Ltd), healthcare outside hospital is home to India’s largest group of Endocrinologists, aims to expand to 20 cities with a strength of 50 clinics by the end of 2025 with an objective of bringing diabetes treatment to your doorstep. IDEA CLINICS is addressing one of the largest health problems of the 21st century Diabetes and other Non-Communicable Diseases which account for highest deaths and disabilities across the world.

Current health care systems, both in the public and private sectors are heavily oriented towards reactive care with episodic treatment. There is less emphasis on preventive, primary and continuity of care that is required to manage chronic conditions and reduce long term economic burden on individuals and the healthcare ecosystem. IDEA Clinics through its hybrid model has taken on this challenge of building a solution to tackle Diabetes and other NCDs at scale. IDEA Clinics has pioneered a Proactive & Continuous Care model with the right blend of human touch and precision healthcare technology to combat Diabetes and other lifestyle disorders.

Dr Shyam Sunder Kalavalapalli, founder of Idea Clinics strongly believes that healthcare in the post COVID 19 era is transiting from the traditional hospital dependent transactional and fragmented care to more doctor supported, technology driven integrated convenient care, whether over the phone, at home or at centers in their neighbourhood. He believes healthcare models may struggle to sustain or add a lasting value without a doctor being at the center of care; after all, patients choose where to go based on the doctors rather than on the technology they possess.

IDEA Clinics has touched thousands of people through its 360 degree healthcare service delivery model and made a deep impact in improving their health and ultimately their quantity and quality of life by leveraging the accuracy and precision of its proprietary technological tools. With in-house Technology, along with Precision health care, patients are kept informed on their historic health data with the support of App and health analytics engines. This is achieved by capturing every patient’s data consistently so that the right personalized care can be given.

IDEA Clinics has a proven & sustainable business model which is low capital intensive, easily scalable and with little operational risks. And this is a great opportunity for strategic investors to help scale this initiative across India. Ideaclinics flagship products are Diabetes Care at Home, Heart care, BP care, Hormonal care at Home, Diabetes Reversal Therapy and other similar products in the areas of hormonal health and preventive care supported by its hybrid integrated model.

Diabetes Reversal Therapy is a clinically proven 100-day program to reduce blood sugar, lose weight, prevent health complications and stop/minimize medications, with access to our team of Endocrinologists, Physicians & Dieticians and supported by analytics and machine learning tools.

The Diabetes Care at Home is one of its kind programs that brings treatment of Diabetes to one’s doorstep. Patients have the option of choosing from a short-term or an extensive program. Accordingly they have access to all types of screenings, lab tests, dietary assessments, prescriptions from the best endocrinologists, health coach support and even have medicines delivered to their doorstep.

Idea Clinics aims to serve 25 Million Indians in the next few years with an omni-channel tech enabled remote healthcare model along with establishing 50 super specialist clinics in Tier 1 and 2 cities by 2025.Having piloted a profitable model for health care outside hospitals in Hyderabad with scalability across India, the leadership team are actively seeking investments and are at present in talks with strategic investors in Singapore and the US.

The team comprises specialized and expert medical professionals, along with dedicated departments for handling operations, admin, in-house technology & marketing which cohesively function together as per organizational objectives.

India is at the transitional period to be a global player and healthcare remains no exception. Infact, there are not many organizations within the health sector that could represent the whole Nation. At present, the health sector is confined to individual cities or regions and paradoxically unlike the western world, we behave as different Nations within the Country With some of the best doctors, technologists and man power, India needs to build national organizations which serve the needs of the 21st century. With advancements of technologies, there could be potential for healthcare needs to be outsourced from the western world to India. Also, within India, the life expectancy is atleast a decade less compared to the western world. The quality of life remains poor with increased hospitalizations at young age for cardiac, kidney and other avoidable ailments The inspiration was to make specialized care like that of the West available across India with a single database with India centric research and care facilities.

Most healthcare needs in the present day are data-driven but the way healthcare providers care for patients is still largely divorced from the array of technologies available, like glucose monitors that can track historical trends or BP monitoring, sleep studies etc. Today most of the burden of managing one’s health is placed on the patients. The idea or inspiration was to reduce this burden through support systems with experts, technology, tele-health and home services and hence IDEA CLINICS was formed.

Also, Idea Clinics has been awarded The Times Health Survey: Best Hospitals & Clinics Award for 3 consecutive years.

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New Delhi (India), May 5: Renewable Energy Sector is an enabler towards India’s NetZero2070 Dream and Biomass-based Bio-Energy Industry is a niche domain which will contribute towards Biofuels like 2G Ethanol, CBG, SAF, Green Hydrogen and much more, while today the industrial applications are immense with huge prospects for entrepreneurship, growth, and refinement.

A COO has to be dynamic, innovative & possess foresight and strategic attributes to lead in this Industry. One such personality is Colonel Rohit Dev; COO of the Punjab Renewable Energy Systems Private Limited; a 1st-time Entrepreneurial Endeavour of Lieutenant Colonel Monish Ahuja and today infused with Strategic Investor Partners like Shell & Mitsui and Investors in responsibility & Neev Fund.

He is a person with a distinguished military career which spans nearly 24 years & vast experience and knowledge garnered during his military tenure has helped him lead in the ‘Corporate Avataar’ since 2018.

Throughout his career in the military, he has distinguished himself professionally. He was a graduate of the National Defence Academy and has done several certification courses from prestigious institutes such as IIM, NIFM, and IIMC etc. He has been part of operational & logistic missions as part of the United Nations in Africa and held the most prestigious operational and logistics appointments while in the Army. He is widely regarded as a person who has had a penchant for thinking out-of-the-box, since his early days in the Armed Forces. These qualities of thinking quickly on his feet and devising innovative solutions to complex problems are what make him an ideal COO in the fast-changing corporate scenarios and to retain the competitive edge of his Company,  PRESPL, in the Industry. His military experience also incorporates discipline in his life; which in turn is integrated into process refinement in the organizations he works for today. He has vast experience in leadership roles, coupled with military-enabled HR skills, being a Distinction in M.Sc. in Operational Art & Strategic Thinking, augment his ever-evolving and impressive corporate portfolio.

He has effectively contributed to the recognition and growth of the Biomass-based Bio-Energy Sector and his contributions in the Renewable Energy Space are well-acknowledged and his Policy Advocacy for the Industry is well accepted by Government, Industry bodies, and Agencies, in India and abroad. He has authored papers for various International journals & publications and has been a vocal proponent of Renewable Energy on many domestic & international platforms. He has been able to shape thoughts of Industry to commit to Bio-Energy solutions and reduce expenditure on import of fossil fuels, bring greater quality of life to the rural sector, introduce initiatives towards better climate and health; with a focus on Sustainable Development Goals and ‘Aatmanirbhar Bharat’.

He has also made a significant number of appearances on televised debates and talk shows in Indian and foreign media and social media, as a renewable energy voice, a geopolitical analyst and a defence expert; which is a testament to his strategic acumen, oratory skills and thought-provoking ideas. He is also a lead Adjunct Professor with the Rashtriya Raksha University; besides being on various Government Committees & Boards.

With his influencing potential on social media, calm presence in Industry, equally enigmatic quality of getting things done and committed Nationalistic Approach as well, Colonel Rohit Dev has managed to surpass all the obstacles in the path to promote the Bio-Energy Sector and in recognition of his selfless Toil, has been bestowed with the C-SUITE AWARD as the “Most Promising COO of the Year, Renewable Energy 2022”.

As the moniker of the Award states that it’s given to someone who is known to have great potential to be one of the most prominent players in the corporate industry space and we wish Colonel Rohit Dev good luck and wishes in his continuing endeavors to shape the Energy Transition through Green Energy Revolution in India.

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Star Wellness & Care Foundation came forward to serve Char Dham Yatris

New Delhi (India), May 4: Inaugural Ceremony of Six Sigma High Altitude Medical Services for Shri Kedarnath ji Yatra, Shri Tungnath Ji Yatra, Sh. Madhyamaheshwar Ji Yatra & Sh. Hemkund Sahib ji Yatra 2022 was organised. Chief Guest Sh. Pushkar Singh Dhami, Chief Minister of Uttrakhand, Sh. Shripad Naik ji, Minister of State for Tourism, Uttrakhand, Dr. Pradeep Bhardwaj, Medical Director, Six Sigma & Dr. Sameer Bhati, Founder & Director, Star Wellness & Care Foundation graced the occasion.

The Chief Guest said that “Continuous efforts are being made for the safety of the devotees during the Char Dham yatra. Many social organizations are also coming forward and providing health services. We are ensuring that Char Dham Yatra will be safe and comfortable for people. They should remain healthy throughout the yatra. Teams of doctors and nurses from social organisations will be providing health services to devotees during the yatra across the state”.

Dr. Sameer Bhati, Director, Star Wellness & Care Foundation said that, “People come to seek the blessings of the Almighty on this Yatra. We are obliged to get this opportunity & serve these Yatris with our Diagnostic Services. Our fully equipped Mobile Vans will be ready to provide Portable Digital X-Ray Facility to the Devotees at no cost.”  Talking about the Preventive Care, Dr. Bhati said, “Star Foundation is always there to work on Preventive Care Campaign & I am deeply grateful to have this opportunity in serving the Pilgrims & taking care of their Health so that they can enjoy this auspicious Yatra.”

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Yuvti aims to provide women artisans with sustained employment and a sense of purpose apart from adding a dash of authenticity and style to the market.

Mumbai (Maharashtra) [India], May 4: Bhupendra Singh’s brand, ‘Yuvti’ is here to breathe fresh air into the market. Yuvti brings you styles that come with a story. The story of our artisans who work tirelessly to bring out their best work with every piece they create. We strive to provide them with sustained employment and a sense of purpose apart from adding a dash of authenticity and style to the market.

When we see a handcrafted piece, one of the first things that come to mind is ‘tradition’. It’s something authentic, old and almost extinct. This is where Yuvti comes into the picture. The label aims to create a balance between contemporary and traditional designs by bringing out pieces that are not just stylish but also sustainable.

With its diverse network of artisan and karigar communities dedicated to producing and designing an ongoing tradition of sustainable ethnic wear, Yuvti aims to promote Handcrafted products, longevity, ethical sourcing, and aspects of sustainable fashion. With a thorough understanding of the Rajputana culture and values, Yuvti seeks to deliver its customers the greatest unbridled and unparalleled experience. It is one of the most premium stores for Bridal Rajputi Poshak, Exclusive Sarees, Vibrant Suits, Rajputi wear, Hand Printed sarees, Traditional Rajputi Men’s wear, Traditional Rajputi Men’s accessories, and Women’s accessories. They are curated using the most superior quality markets with their in-house dying and personal Karigars for unique and intricate designs.

Mr. Bhupendra Singh, the proud owner of Yuvti, said, “Female artisans are immensely encouraged when their hard work is valued in an otherwise cluttered marketplace. Yuvti aims to give its talent exposure globally. With Yuvti, we aim to present traditional Rajasthani culture to people across the globe to experience and enjoy the delicate work of age-old Indian weavers and artisans.

Mr Bhupendra Singh, through Yuvti, wants to fulfill a larger goal- to make the Rajasthani art form thriving yet again and make it accessible to all. Yuvti believes that the royal Rajputana attire with exquisite craftsmanship and imperial designs should be accessible to every woman who gets a chance to adorn it with sheer sophistication and grace. Be it for a subtle occasion or a grand wedding, the designs and price range caters to the requirements for all.

This is where royalty meets jubilance, which the art form delivers. Yuva also realizes that among many national importance and pride areas are the ethnic textiles, prints, styles, and drapes of different states and works towards executing it gracefully.

Yuvti strongly believes in working with and empowering artisan clusters of women in rural and urban India and exhibiting royal Rajputi Poshaks in the most polished and splendid way. Bhupendra Singh, the designer, and founder of Yuvti, sincerely want to support and empower artisans by putting out their rich and intricate work and adding a little frill. By giving artisans a platform to carry forward their unsung culture and showcase its splendor, Mr. Bhupendra Singh has fulfilled the dreams of many strong women and has given life to their aspirations.

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Mumbai (Maharashtra) (India), May 4: Dhanvarsha Finvest Ltd. (BSE: 540268) has intimated the exchanges of a business update. The company’s provisional loan book as on March 2022 stood at Rs. 3050 Million, growing at a CAGR of 184%. Growth in loan book driven by robust disbursement to MSMEs. The loan disbursement grew at a CAGR of 601%.

The number of customers grew from 5935 (FY21) to 34842 (FY22) YoY, and lenders grew from 2 to 29 over 2 years, owing to the confidence of lenders in the company’s model. The company’s distribution also grew from 2 to 40 over a period of 2 years.

Dhanvarsha’s mission started with an idea – an idea to ‘build social capital’ by aiming to provide credit solutions to India’s large underserved and underbanked MSME segment. Promoted under the aegis of the 80 year old Wilson Group of Mumbai, the company aims to provide timely, affordable and sustainable access to credit to the country’s almost 500 million under-served borrowers, either through its own balance sheet or via significant distribution tie-ups coupled with its robust technology engine.

The company prides itself on highest standards of corporate governance and transparency with an eminent and completely Independent Board that comprises of veterans from banking, fintech, taxation, regulation, and global businesses. Management has been carefully recruited from renowned institutions like Bank of America, Capital First, HDFC Bank, IDFC, Oberoi Realty, PWC, SKS Microfinance, Union Bank of India and more.

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