Tag: Business

• Inventys is a specialty chemical CSM company with expertise in complex chemistries for Actives and Advanced Intermediates used in Crop-Protection and Pharmaceutical applications.
• Founded in 2005 by Dr Deepak Birewar, a talented scientist-engineer turned entrepreneur with previous stints at global corporations such as DuPont
• Arpit Khandelwal, Managing Partner of Plutus Wealth Management LLP, commits INR 225 Crores (~ USD 30 million). Besides, India Inflection Opportunity Fund, managed by Pantomath Capital Management Pvt Ltd picks up secondary round
• Pantomath Capital Advisors Private Limited acted as the sole Investment Banker to the transaction

Mumbai (Maharashtra) [India], April 23: Mumbai based, Inventys Research Company Pvt Ltd (“Inventys” / “the Company”) confirmed closure of private placement round of INR 255 Crores (USD 34 Mn). Mr. Arpit Khandelwal, Managing Partner of Plutus Wealth Management LLP, committed INR 225 Crores of primary infusion into the Company, while India Inflection Opportunity Fund, managed by Pantomath Capital Management Pvt Ltd, picks up the secondary round offered by certain existing shareholders of the Company. Pantomath Capital Advisors Private Limited acted as the sole investment banker to the transaction.

Inventys is a research driven specialty chemical manufacturer with focus on custom synthesis & manufacturing (CSM). The Company has diversified product portfolio comprising Advanced Intermediates & Actives used in Crop-Protection / Pharmaceutical applications as well as in other specialty segments. Inventys is a critical member of several global supply chains with a distinction of earning significant portion of revenue where Inventys is the ONLY manufacturer in the entire world for such chemicals. Practicing Responsible Behaviour towards the Mother Earth, the society we live in, and the team of Inventys – is a hallmark of Inventys culture of Safety, Reliability, and Dependability.

Inventys has built in-house capabilities for developing and manufacturing specialty chemicals requiring complex chemistries and materials, backed by 5 (five) state-of-the-art production blocks and R&D facilities located near Nagpur spread across 7 acres of land. The plants are fully backward integrated up to widely available intermediates, mitigating China dependency. The Company has acquired more than 17 acres of additional land which can house 30 additional production blocks.

Incorporated in 2005, Inventys was founded by Dr. Deepak Birewar, a highly talented and rich experienced scientist with previous stints at global corporations such a DuPont. A chemical engineer by profession, Dr. Deepak Birewar has 12 years of work experience if USA and 18 years in India. Dr. Deepak Birewar was listed in Marquis Who’s Who in Science & Engineering (1994). BTech from IIT Bombay, Dr Deepak Birewar holds PhD in Chemical Engg from Carnegie Mellon University, USA. Mr. Rushikesh Birewar joined Inventys in 2016 with focus on R&D and new products development initiatives at Inventys.  Mr. Rushikesh Birewar holds a double degree in Chemical Engineering and Chemistry from University of Wisconsin (Madison), USA.  Inventys Board is manned by industry veterans, viz., Mr. Umesh Kamat, BTech+MTech from IIT Bombay – having over 28 years of experience in instrumentation, controls & automation systems, along with Mr. Satish Sohoni having over 40 years of experience in chemical industry.

Dr. Deepak Birewar, CMD of Inventys said on the occasion, “Inventys is committed to solving complex chemistries with made in India solutions for global markets. Research, innovation and transparent value-based working culture are the hallmark of Inventys. We aim to be a leading home-grown platform with world-class systems serving global markets. We welcome our investors and firmly believe that all stakeholders shall be proud of Inventys.”

“We are looking at organic as well as inorganic growth. We are in advance discussion with a couple of global industry houses for strategic tie up with Inventys. We are working on mega expansion plan and post our private placement round, we are looking at preponing our growth trajectory.”, added Dr. Deepak Birewar.

With Mr. Arpit Khandelwal coming aboard, Inventys would be exposed to global markets, backed by the desired financial acumen. Mr. Khandelwal has been investing and supporting businesses in India and across the globe and is known for his picks.

Speaking about his investments in Inventys, Mr. Arpit Khandelwal said, “Complex chemistries, especially in CSM space, with established criticalities in value chain of global industry players, are much sought after businesses world-wide. Such businesses possess extreme high barriers to trade and command premium in pricing as also valuation. We believe that Inventys is well-placed to leverage on their R&D and innovation capabilities coupled with superior engineering skills. We are excited to participate in long term growth journey of Inventys.”

Making its maiden investment, India Inflection Opportunity Fund picked-up the secondary round offered by certain existing shareholders of the Company.

Speaking on the occasion, Ms. Madhu Lunawat, Fund Manager of India Inflection Opportunity Fund, “We were impressed by the depth, speed & execution capabilities of Inventys team. We are glad to participate in a company like Inventys, which is run by extremely professional and highly learned promoters with long-standing impeccable business relationships with global giants. Representing a true ‘made in India and make for the world’ solution for global markets, substituting imports and fostering exports, Inventys scores optimum in our Fund parameters of inflection opportunities making impact.”

Inventys caters to large global MNC innovator customers in Crop Protection / Pharmaceuticals sectors and possesses long term business relationship with global giants. Handling highly complex multi-step synthesis backed by world-class R&D and advanced flow chemistry process engineering, the Company presents extreme high entry and exit barriers to trade.

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New Delhi (India), April 23: Over the years, India has emerged as one of the fastest-growing economies in the world and an attractive investment destination driven by economic reforms and a large consumption base. India’s gross domestic product (GDP) at current prices stood at Rs. 55.54 lakh crore (US$ 743.34 billion) in the second quarter of FY22, as per the provisional estimates of gross domestic product for the second quarter of 2021-22.

Indians are likely to save more and spend less on discretionary items in 2022, according to a ‘Consumer spending Outlook 2022’ report by community platform LocalCircles. While 40% of those surveyed were likely to invest in equity and mutual funds, 15% were likely to spend on property, car, and jewellery in 2022.

The significant growing interest of Indians in the investment sector, there has been many approaches to theorise how one should invest their money for wealth creation. But the best teacher in investing is the experience in the market.

Dalal Street’s top money manager, Satwik Jain, has come out with a simple three-step formula to find stocks that can generate 10x returns in the next 10 years.

The founder of multi-family office, Generational Capital, & fund manager of RH Perennial Fund says one should look out for sectors with consolidating profit pools, companies with  clean accounting & promoters willingness to share profits with minority shareholders with top notch capital allocation, competitive advantages with huge & growing  addressable markets & reinvestment moats leading to portfolio doubling its earnings and cash flows in 3-4 years irrespective of macroeconomic environment with valuation rerating potential.

Satwik states, “Our job is to look at sectors where demand from customers is very strong & secular but supply side is broken as weaker players are finding it tough to compete due to formalisation of the economy with advent of GST, demonetisation, RERA, Jio moment, etc. The leaders and challengers in these sectors have very little competition & their ROCEs (return on capital employed) are high using technology as an enabler & hyper scaling decimating the competition. Our portfolio level ROCEs are more than 25%, implying high operating & free cash flows and reinvestment rates upwards of 40%.

Here’s Jain’s formula to identify perennial compounders to build generational wealth:

1) Identify consolidating profit pools- In most sectors globally as well as India, profit pools are getting concentrated in the hands of a few champion franchises. For instance, despite the presence of networking social media like LinkedIn or a multi-billion-dollar enterprise like Monster, Info Edge’s Naukri.com has built a strong monopoly in the field of Job search. It now boasts of 80% of revenue share and about 110% of profitability in this space, as other businesses are loss-making, at an aggregate level. In the global digital advertising market, out of every dollar spent, approximately 70% goes to Alphabet & Facebook. This leads the team to narrowing down their research to sectors like cables & wires, pipes, jewellery, paints, IT services, job search,, labware, dental healthcare, domestic branded pharmaceuticals , diagnostics, , music streaming, paints, dominant lenders among others

2) Identify clean accounts & promoters willingness to share wealth with minority shareholders using forensic accounting & fraud search toolkit- A 2x entrepreneur, Satwik Jain uses a war chest of 20 forensic ratios marrying the balance sheet, cash flow & P&L statement to see whether the businesses are cooking up their books to please analysts & shareholders. “Most investors are focused on only the quarterly Sales & profit growth. The promoters who have built multimillion businesses know that well. We need to get into the promoters’ shoes to see accounting mockery” Satwik mentioned.

Post the quantitative analysis, it is of utmost importance to get into the qualitative analysis for which Satwik runs through a 150 keyword fraud search of over 100 man hours to check the intent & vision of the promoters. “The key here is to see whether the promoter is not buying a football club from the company cash flows, renovating golf courses from CSR expenses, whether any serious criminal cases & litigations have been filed against them by their lessors, customers or suppliers. Some favourites of the current bull run in diagnostics, FMCD, QSR did not clear our frameworks” Jain says.

3) Identify competitive advantages, huge addressable markets & potential hyper scaling-

“All information is in the past; all wealth will be created in the future” Satwik states. Businesses with sustainable competitive advantages tend to make outsized profits relative to peers and therefore by extension deliver outsized returns to shareholders. He identifies moats as network effects in case of platform businesses like Naukri.com, Alphabet, Amazon, high switching costs in case of healthcare & consumer companies like Syngene, Thermo Fisher, Hindustan Foods, low cost producer for high quality retailers like Dmart, Trent, Zara, Walmart &  intangible assets in case of high quality franchises like Titan, Tiffany’s.

Post this, the company should be in the growth stage of its life cycle where either it is embarking on a mega capex plan like Polycab, KEI Industries, Tarsons Products, PrevestDenpro or there is potential of operating leverage kicking in since capex has been done like in case of Syngene.

Satwik also mentions he stays away from sectors with weak economics & B2G businesses like infrastructure, airlines, and hospitality, sugar, metals, APIs & cautions investors also. Stating the reason, he said, “It is okay to be in shallow cyclicals but most of the businesses in these sectors are heavy cyclicals where we have to enter and exit with perfection leading to low stress adjusted returns”.

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Apollo expertise now closer to you – at Golf Course Road, Gurugram

New Delhi (India), April 23: Apollo Health and Lifestyle Ltd. (AHLL), one of the largest players in the retail healthcare segment in India, today announced the launch of its 287 multi- speciality clinic in India and the First Apollo Clinic – along with Apollo Dental and Apollo Sugar in Delhi NCR, situated at Golf Course Road, Gurugram, Haryana.

Through this launch, the residents of Gurugram stand to benefit from the international standards of care and cure delivered by the well-trained and experienced team at Apollo Clinic.

Inauguration ceremony was conducted by Dr. Virender Yadav, Civil Surgeon, Gurugram, Mr. Pradeep Jain, Chairman Parsvnath Group and Mr Tarun Gulati, National Head Apollo Clinic along with Directors of the Meghraj Health care and renowned team of doctors from various faculties and reputed people of the society.

Apollo Clinic will be offering its integrated model Clinic that offers services for Consultations- across specialties- General Physician /Internal Medicine, Gynaecology, Paediatrics, ENT, Dermatology, Orthopaedics, Diabetology, Cardiology etc., as well as Diagnostics including Ultrasound, X-ray, TMT, ECHO, PFT, Physiotherapy, Preventive Health Checks & Vaccinations, health @home, along with Apollo Dental and Apollo Sugar in the same premises, all under one roof to maximizes convenience and comfort .

The clinic will also provide dedicated online lab report assistance, online & WhatsApp appointment booking facility, parking facilities for the customers among others.

Apollo Clinic Gurugram includes a well-equipped team consisting of highly trained, experienced and compassionate team of nurses and physicians who help cater to the needs of individual patients. The most renowned experts in various specialties are also a part of this Clinic.

Mr. Tarun Gulati, National Head, Apollo Clinic, “Advanced healthcare and wellness services must be accessible to all individuals. Right to quality healthcare must be considered an individual’s fundamental right and we at Apollo are committed to enhancing the quality of lives by delivering care of international standards. Apollo Clinic have been serving India for more than 17 years through its wide network and we will ensure our best effort to serve the area of Gurugram and its surroundings with quality primary healthcare along with Apollo Dental and Apollo Sugar from April 21, 2022. The specialists at our clinics undergo the best medical training and at our clinics, “the wellbeing of patients will be the first priority of our team”.

Apollo Clinics are multi – specialty clinics run by Apollo Health & Lifestyle Limited (AHLL), a wholly owned subsidiary of Apollo Hospitals Enterprise Limited (AHEL). AHLL is one of the largest players in the retail healthcare segment in India. Apollo Clinics is a complete primary health care solution under one roof and brings expertise closer to you. Apollo Clinics is a health care destination which provides services from consultations, diagnostics and health checks to diabetes care, dentistry, minor procedures and vaccination.

For more details please visit us at https://www.apolloclinicgurugram.com

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~ Industry-first Tech-enabled, Plug-n-Play Design, and Execution Firm~

 Mumbai (Maharashtra) [India], April 23: We Create – “Everything interiors”, a multidisciplinary Design Firm launches its Tech-enabled design studio with industry-first Plug-n-Play model which brings your vision to reality. We Create, headquartered in Mumbai, has the philosophy that your interior space is a reflection of your individuality. This Design Firm is the brainchild of three eminent personalities who have more than 3 decades of combined experience in this field. Ms. Sunali Goenka, the CEO along with Dinesh Rathi and Rahil Khamesra founded “We Create” in the year 2021. Driven by perfection, together they believe that exceptional design has the unique power to influence lifestyle and society.

We Create is one-of-a-kind Interior design brand that offers end-to-end solutions with 10,000+ designs, hassle-free service, 45day turnaround commitment, transparent pricing, 10 years warranty, and a dedicated relationship manager for each project who will work with you one-on-one to bring your vision to life, complete with a 3D rendering of your actual space& detailed BOQ with transparent business process. From the trendy living room decor to the aesthetic kitchen and dining room designs, We Create also takes care of the painting, flooring, upholstery and modern aesthetic lighting of your house. They promise to deliver just what the customers have envisioned. We create has a unique process-oriented approach to cater to the unique design needs of each client.

One will experience the flexibility of custom designing from the available design palette or a completely new bespoke design. They design residential homes as well as commercial places.

Clients are provided with multiple options to choose from, as per their need and choice, for each distinct space of their house, be it wall paneling, fixed furniture, space-saving ideas, or movable furniture. We Create enables its clients to put their ideas to reality by smartly improvising and implementing it.

Talking about the launch of We Create – “Everything interiors”, Ms. Sunali Goenka, Co-Founder & CEO, said, “Drawing on over two decades of experience, we have built a complete in-house design and operations team to have the most professional process-driven “bespoke” as well as “plug and play” model that will fulfill every client’s unique end-to-end interior designing requirements, keeping in mind client’s budget and time-frame. To adapt your style, we go an extra mile.”

Talking about the launch of We Create – “Everything interiors”, Mr. Rahil Khamesra, Co-Founder said, “Our team’s razor eye on quality and efficient handling of our approved vendors enable us to offer best in class quality execution within committed time-frame to offer the hassle-free experience to all our clients.”

To talk about some of their flagship work in the past, the team had worked with a rapidly growing eclectic portfolio of work comprising high-end luxury residences, corporate offices, hospitals, QSR outlets, Retail Outlets, Fashion Boutiques, Furniture design & Consultation. Each project showcases the highest quality of craftsmanship and design.

The prominent projects by We Create are:

• Adani Airport T1 VIP Lounge, Ahmedabad

.        Adani International Lounge T2- Ahmedabad

.        Adani Domestic Lounge T2- Ahmedabad

• Adani Airport T2 Lounge, Lucknow
• SCADA Centre (Adani electricity, Powai, Mumbai)
•         Mr. Satish Khanna residence – Chairman, Fullife Healthcare
  ·        Mr. Rakesh Bhojnagarwala Residence – Senior VP, Axis Bank Ltd

We Create is an end-to-end design and execution company that believes in converting an empty space into a beautiful home. The designers don’t just design spaces but can transform a space, unlike anything one can imagine.

While providing the best services the brand focuses on luxury. Its mission is to create accessible, aesthetic furniture and products that reflect creativity, functionality, luxury, and sustainability.  Every piece inside a home should have significance or an attachment to the people living there.

For more information, please visit: https://we-create.in/

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Mumbai (Maharashtra) [India], April 23: Mumbai-based 1 Finance announces the appointment of Animesh Hardia as Senior Vice President of Quantitative Research. An IIT alumnus, he brings over 10 years of experience utilising strong analytical, mathematical, and organisational abilities across multiple domains including supply chain management, sell-side research, and private securities buy-side valuation.

Prior to joining 1 Finance, Animesh Hardia was a Senior Quantitative Valuation Analyst at Franklin Templeton where he contributed to developing valuation frameworks based on industry best practices and implementing procedures for efficient monitoring of complex/private financial instruments, ensuring strict adherence to client-first principle. Priorly, he was at Evalueserve, focusing on refining methodologies to improve the quality of data insights and he designed programmatic solutions for monitoring crucial industry indicators, both of which were critical in preparing research reports and generating superior actionable insights for clients.

Animesh Hardia is in charge of optimising 1 Finance’s quantitative platform, providing a holistic picture of the financial status of affluent middle class individuals through the leveraging of psychology, behavioural finance, and data science.

On the appointment Keval Bhanushali, Co-founder & Chief Executive Officer, 1 Finance enthuses, “We are pleased to have Animesh onboard who will play an instrumental role in creating a hyper-personalised journey for 1 Finance users, using his skills and experience in quantitative analytics and research. Animesh immediately aligned to our vision of creating a qualified, unbiased, and hyper-personalised advisory to all users of 1 Finance as we truly believe that the current ecosystem does nothing beyond selling products on the pretext of advisory.”

Animesh Hardia, Senior Vice President of Quantitative Research, 1 Finance expresses, “I am sincerely thrilled to join an organisation that has set out to solve a multi-decade-old problem that has restricted the financial growth of the affluent Indian middle class. Wealth creation opportunities should not be limited only to the uber-rich. The idea is to increase awareness to ditch reckless and negligent sales of financial products; and address the absence of well-informed and quality financial advice. I look forward to contributing to the team at 1 Finance and working together to create value for our users.”

The strategic hiring of Animesh Hardia comes at a time when there is a widening income and wealth distribution gap in India. He will be responsible for enabling users to make incremental changes in their journey of attaining true financial independence. Animesh Hardia is experienced in working on international standards of client services and will be implementing the same for the Indian audience at 1 Finance.

1 Finance Private Limited is a reimagined consumer financial institution that offers qualified, unbiased, and hyper-personalised advisory on one’s personal finances including but not limited to assets, liabilities, income, expenses, and insurance.

The Mumbai-based company is backed and mentored by marquee investor Marwadi Chandarana Group, established in the year 1995 and marking its prominence in the higher education sector with Marwadi University, in retail financial services by Marwadi Financial Services, and with algorithmic, and high frequency trading with Marwadi Chandarana Intermediaries Brokers Private Limited (MCIBPL).

1 Finance is the first of its kind ecosystem offering financial planning and advisory solutions to the emerging affluent individuals of India.

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April 23: 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, Saint Capital Fund has picked up 525,000 shares in BLS International Services Ltd. at an average price of Rs. 340.

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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Mumbai (Maharashtra) [India], April 23: KBC Global Ltd (BSE: 541161, NSE: KBCGLOBAL) is a First-Generation Construction Company. The company has established brand name as “Hari” for all its project. The company’s business activity falls within two segments, Development of Real Estate Properties and Civil Contracting Business.KBC Global Ltd., is a leading player in affordable and mid-income housing segment.

As per bulk deal data available on NSE, Singapore based fund Maybank Kim Eng Securities Pte ltd picked up stake 3500000 shares in KBC Global Ltd. at average price of Rs.9.99 per share on 21 April 2022. Earlier, as per bulk deal data available on NSE, Rama Krishna Varma Pemetsa had picked up 3700000 shares at average price of Rs. 9.75 per share on 19 April 2022.

Earlier, KBC Global Ltd also participated at CREDAI Nashik Property Expo where it showcased 12 prominent projects ranging from Affordable housing, Mid-segment and Luxury Housing across Nashik region and successfully converted 9+ bookings i.e. 1% spot conversion and additionally expecting more then 50+ to convert in near term.

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April 22: Bluewings Edu Pvt Ltd added another feather in its cap when the institute bagged the placement excellence award again for 2021. The award was bestowed to the academy by none other than the Honourable union minister Bhagat Singh Ghulaza. Bluewings Aviation won the same award in 2018, and at the time, the honours were done by Hon. Deputy Speaker V. Sasi.

Bluewings Edu Pvt Ltd is a premier institute for Education, Training, and Research in Kerala, which holds a name in the industry for guaranteeing 100% placement to all its students. The government accreditations authorised academy offers the perfect launch into an Aviation career with top-notch training and placements to aspirants from all over India. The candidates are trained and placed with the highest-paying Sky conquering airlines in India and overseas.

According to the MD of Bluewings Edu Pvt Ltd, Mr. Sony Maniradhan, a well-known motivational speaker & life coach, “Our vision is to build the best-in-class aviation professionals who can conquer the skies and bring in a ground-breaking approach to education in general. we try to help every pupil achieve specialized competence and exemplary values through academic & practical training following the world-class standard.”

At Bluewings Edu Pvt Ltd, professionals are constantly endeavoured with knowledge and skill. The institute is well-equipped to provide mock training as well as live training sessions in their diploma and degree courses which include training in Cabin crew, Airport Management, Air Hostess, Ground Handling, and Hospitality Management. The eligibility to enrol in a specific course depends on the individual’s 10th or + 2 scores. Once an aspirant completes the course, they are provided with the course certificate of excellence.

The academy ensures that it has the best industry-based curriculum that fits all ranks of global standards. With a team of talented and competent lecturers and instructors, Bluewings academy is fully geared up to take on the challenge of the industry’s upcoming demand & supply. Candidates are trained to understand and maintain an effective balance between customer satisfaction and public responsibility. The Wi-Fi-enabled campus has a state-of-art facilities such as modern intelligent classrooms, Mock Rooms, a Hostel facility, foreign language (Spanish, French, and Arabic) education, Flight trip, and much more. The institute also runs a personality development program and upscaling the aspirants’ communication skills. The organisation also arranges guest lectures from eminent personalities to develop and understand the work culture and motivate its students.

Bluewings aviation has maintained an up to 100 percent placement record over the last few years. Students get 100% placement assistance with in-house specialised training to upgrade their interview skills.

Bluewings aviation (Bluewings Edu Pvt Ltd) has set some path-breaking records in aviation education and training. It the only institute in South India to get accreditation from Skill development council of Canada. Moreover, Bluewings Edu Pvt Ltd also has sister concerns in West Africa such as Senegal and Gambia.

The organisation envisions India earning its place on the global aviation horizon with its updated curriculum and programmes. And to achieve its goal, Bluewings aviation is eyeing an expansion at the all-India level within a year. Website – https://bluewingsedu.com/

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Exhibition chairman of the Global Textile Trade Fair, Amish Shah and co-chairman, Harshal Bhagat meeting Consul General of the Consulate General of India in Atlanta, USA, Swati V Kulkarni

Surat (Gujarat) [India], April 22: For the first time, the Southern Gujarat Chamber of Commerce and Industry (SGCCI) has organised a four-day-long ‘Global Textile Trade Fair’ in Atlanta, New Jersey, and Los Angeles in the United States of America (USA) starting from June 9.

The first-of-its-kind Global Textile Trade Fair has been conferred with the official logo endorsement of the Ministry of Textile, Government of India, and backed by the Consulate General of India in Atlanta and various American institutions and organisations.

The Global Textile Trade Fair will open in Atlanta, Georgia, on June 9. A three-day textile show will include a diverse array of products, including polyester, nylon viscose, Indo Ethnic wear for ladies, Kurti and Kurtas, home textile, medical textile, clothing and garments, handicraft and handloom, and Khadi. The exhibition will have the attraction of a fashion show depicting the fabrics and fashion from Surat and across the country.

The Atlanta exhibition will be followed by a B2B and B2C exhibition in New Jersey on June 17 and the B2C Table Top Buyer-Seller meeting being organised in Los Angeles on June 19. The exhibition will be attended by the buyers, sellers, and manufacturers of textiles from across the globe to seal the business deals with the textile manufacturers and traders from Surat.

Ashish Gujarati, president, of SGCCI said, “A delegation under the leadership of exhibition chairman of the Global Textile Trade Fair, Amish Shah, and co-chairman Harshal Bhagat met the Consul General of Consulate General of India in Atlanta, Swati V Kulkarni. The Consul General showed her preparedness for providing all required assistance, organising meetings for the visiting delegation with the buyers in the US, and involving all the textile associations in Atlanta.”

Gujarati stated that the delegation members met Nishant Patel, chairman of the Asian-American Hotel Owners’ Association (AAHOA) in America’s Baltimore, and other hoteliers. Patel is a native of Surat and has recently been appointed as the chairman of the AAHOA. The exhibition will be featuring home textiles; therefore all the hotel owners and agents associated will also visit the exhibition and cooperate to make it a huge success.

Himanshu Bodawala, vice-president, of SGCCI said, “This is the first time that the SGCCI is organising a textile trade fair in the US. There are many companies around Atlanta manufacturing technical textile and the exhibitors will have an opportunity to develop direct bilateral trade relations with the manufacturers.”

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April 22: Aashutosh Srivastava is an ethically driven lawyer whose legal brilliance is known to all in the legal community. He has already been applauded for being an Individualist, young and energetic lawyer who has set a benchmark in the Legal Profession/Industry by representing many high-profile cases, ranging from national and international adjudication disputes to challenging constitutional ones.

Adv Srivastava has also represented INDIA at the most coveted International Forum for Achievers worldwide, held at the highly elite “House of Lords” (British Parliament), London, in the year 2017. The Supreme Court Lawyer has handled some most complex and critical legal assignments successfully in India and across the globe.

Adv Aashutosh has carved out a niche in arbitral disputes. He has won many business/commercial claims cases for his parties. One such case that attracted much media attention was the arbitration award he won in favour of his client – Smita Chinoy, last year on April 22, 2021. Mrs. Chinoy is one of the partners in Eighteen Degrees North, which runs Tandoori Knights, a branded name in restaurants offering catering services. The long-pending legal dispute between Eighteen Degrees North and Royal Western India Turf Club (RWITC) Pune aroused when the latter abruptly terminated the contract with the former service provider after using its services from 2015-to 2016. Both parties filed claims and counterclaims before the tribunal on the advice and action of Adv. Srivastava, his client, Eighteen Degrees North, moved to the National Company Law Tribunal. With his superb skill of arguments, detailed study, and considering all the vital aspects, Adv Aashutosh was able to convince the sole arbitrator Justice Mohit S Shah, to pass the award proceeding (amounting to Rs 82.77 lakhs) in favour of Eighteen Degrees North striking down the RWITC’s claim.

The man also excels in handling multiple cases ranging from company laws, criminal laws, family laws, civil laws, properties, antitrust and trade regulations, employment & labour, taxation, regulatory compliances, banking and insurance laws, and many more.

Very recently, on March 23, 2022, the reputed advocate was seen getting bail for the director-SonalSheth of Universal Commodity Exchange (UCX firm) vs. Economic Offences Wing (EOW) in connection with a 16-crore misappropriation fund case which came into limelight in 2018. The case was registered on a complaint filed by NABARD (National Bank for Agriculture and Rural Development) and other firms against the directors of UCX, a commodity firm, for cheating shareholders and falsifying documents. The ace lawyer proved that the police had filed a complaint and issued a lookout notice for his client without any investigation. Further, the investigating agencies never called his client for questioning in the three years of filing the case. The legal counsel, with his uncanny ability to recount a public sham, quite akin to the matter in hand, to persuade a judge to see his point of view. The judge of the city and session court thus had to grant bail to Mr. Sheth.

Some other vital cases fought by him include the infamous and legendary case representing Public Interest Litigation (PIL) vs. Union of India, Reserve Bank of India and Reputed bank, the GSEL against RBI, WINSOME Group vs. ED, GEODESIC LTD vs. ED, Well-known FMCG Companies- Colgate Palmolive Ltd of USA, and alike.

Born on October 5, 1982, Adv Srivastava obtained a First-Class law degree at 24 Years from Pune University, Pune, Maharashtra, India. Further, he pursued his PGDMM at Symbiosis Institute of Management Studies (SIBM), PUNE. The ace lawyer started his legal career by setting up his firm ‘AA Associates,’ Advocates & Legal Advisors, headquartered in Pune, India. Presently, the firm has offices in Mumbai, New Delhi, Dubai, and New Jersey (USA).

The dynamic lawyer has earned a big name in the legal domain because of the many significant and distinguished cases he won for his clients, including various financial institutions, MNC Companies, IT-based companies, film producers, stockbroking companies, real estate barons/, renowned infrastructure companies, liquor establishments, and many more across all industries. Whether it’s the Supreme Court of India and High Courts, especially Bombay High Court, Adv. Aashutosh Srivastava’s experience makes him the obvious choice among people who need legal advice in matters relating to – National Company Law Tribunals (NCLT), Arbitration, International laws, CID, CBI, Enforcement Directorate (ED) & Economic Offences Wing (EOW).

Aashutosh Srivastava has received multiple awards and accolades both inland and overseas since 2016. To name a few, he received the prestigious ‘Mahatma Gandhi Samman Award’ in 2017 for his exemplary performance in the legal business field at a highly elite “House of Lords” (British Parliament) in London (UK). In the same year, he was bestowed with the “Young Entrepreneur Award” & Rising Stars Award in New Delhi & Mumbai from the legal fraternity. The award was followed by him getting the “Times Men of the Year” Award by the Head of Times Group in 2018. In addition, it is important to mention that Femina India has complimented advocate Aashutosh Srivastava as the “Most Powerful People 2018-19 and with the “Best Promising Lawyer of The Year 2019” Award by “Economic Times.” The impeccable legal expert was also honoured at the National Business Summit & Awards in 2019. Website: www.advocateaashutoshsrivastava.com

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