Tag: Business

Kolkata (West Bengal) [India], February 17: Techno India Group is marching ahead with great fervour to organise their forthcoming Start-up Carnival 4.0. With a mission of bringing together start-ups, investors, entrepreneurs and business houses alike, the one-of-its-kind carnival will transform the future of start-ups in India. Let’s face it, 2021 has been a landmark year for start-ups in India. Simply put, they are the new face of the nation. The contribution to innovation, the addressing of global challenges and the entrepreneurial spirit are transforming the country’s economy.

The start-up carnival will offer budding entrepreneurs, traditional businesses, enthusiasts and start-ups an exceptional platform to showcase their talents, success stories and expertise. From back-to-back fireside chats to interactive panel discussions, a lot will happen on the day-long event, held on the 17th of February, 2022. The carnival will be a crucial platform for the start-ups to display their excellent growth potential. Insightful sessions on topics like ‘From Eden Garden to Shark Tank’ by Technopreneurs, ‘What is the Metaverse? – Here’s Why it Matters’ by Starshot Ventures, ‘Sustainable Businesses: Realtopia or Utopia?’ by Y-East & WICCI WBSBC, ‘Moneyball: Traditional Businesses Investing in Start-ups’ by Bengal Business Council, ‘Boom of Influencer Marketing & Creator Economy in East India’ by Ovonts, ‘Thematic Fundings’ by FreeFlowand ‘The Future of Electric Vehicle Ecosystem’, by StartUp N Rev, will be held.

The various topics of discussion will include the future of EVs and how ready is the country to adopt this new technology, traditional business models and modern ones and the synergy between the two, sustainable businesses that prioritise the social and environmental impact and more. Besides, the ‘Eden Garden to Shark Tank’ panel discussion, held by Technopreneurs, will explore the journey of the four start-ups in Kolkata who participated in Shark tank, where they will discuss their experience, expertise and insights on the same.

The carnival would also witness the launch of a ‘Start-Up Hunt by Techno India Group’, which is a nationwide hunt for idea-stage and revenue-generating businesses on domains like No-Code, Blockchain, AI/ML, Healthcare, Agriculture, Education & Sustainability. The aim is to scout new entrepreneurial talents for Techno India Group to potentially welcome innovation beacons within its ecosystem. The core focus will be on presenting unlimited opportunities for the entrepreneurs of the nation. Interested individuals can apply online (www.technoindiaeducation.com/startuphunt) before 28th February 2022 to get significant funding, investment and job opportunities. Besides, the Techno India Group will be hosting 8 entrepreneurs who founded the Bharatmala initiative, with a mission to foster the culture and spirit of innovation, entrepreneurship and start-ups amongst the young minds. They are travelling across 14216 kms on 2 EV bikes and visiting 25 colleges across the nation. The team would share key insights on the EV domain through various interactive sessions and panel discussions. In addition, PotHoleRaja, which is a social venture borne to save lives & bring out social awareness about road safety among all citizens for better India, would fix potholes around the venue using their unique vehicle.

Last but not least, Techno India University will be launching a unique, full-time program on EV technology to create a sustainable flow of quality human capital capable of overcoming the global challenges of tomorrow. Techno India university would be one of the very few institutions in India to launch such an innovative premium program. For more information and admission related queries, please call 033-41804111/4222. Get ready to witness a plethora of intriguing events ranging from curated panel discussions to networking sessions by renowned professionals and gather valuable insights. One could also catch a glimpse of India’s 1st performance electric motorcycle by StartUp N Rev.

Co-founder and CEO of Y-East – a homegrown platform dedicated to social and environmental impact, Pauline Laravoire stated, “We need more and more businesses that equally prioritise their financial, social and environmental viability. These kinds of events, which are still rare in the region, provide a unique opportunity to showcase concrete examples of businesses that have successfully achieved profitability, social inclusivity and environmental performance. And that’s the way to go!”

“Considering the massive impact of the previous 3 editions, the main idea behind the start-up carnival has always been to bring together all budding entrepreneurs and enthusiasts of the east and help them connect with the investors and incubators and benefit from that connection. In addition, we are also associating with the esteemed chambers, business houses and enablers of change,” Meghdut Roy Chowdhury, Executive Director & Chief Innovation Officer of Techno India Group, Founder of OFFBEAT CCU & Co-founder of Bengal business council, said upon being asked about the carnival’s objectives.

“We don’t talk about economic opportunities in Kolkata, I want to change that. I believe this carnival is going to have a long-term impact, and it will facilitate a lot of new collaborations and discourse among new-age entrepreneurs in Kolkata and West Bengal”, added Meghdut Roy chowdhury, who is also the conceptualiser of the start-up carnival.

‘It is really heartening to see the work being done by the  Techno India group in getting the startup Ecosystem in the Eastern states of India to come up to speed with what’s happening in the other part of the country. While Delhi and Bangalore are the startup nerve centres, Kolkotta can become the gateway for bright youngsters from the North East and other states to address challenges and create opportunities to build sustainable and scalable businesses for the rest of the country. Techno India, through its own institutions, its alumni network and partnerships with Investor and mentor networks, can accelerate the Innovation and the startup culture in this part of the country. The fact that they, without any hesitation, decided to be part of the Bharat Mala ride initiative is encouraging for the startup founders who are part of this epic journey.’ Said John Kuruvilla Chief Mentor@ Brigade REAP, Asias’s 1^stPropTech accelerator and the Organiser of this Startupnrev initiative.’

About Techno India Group

Techno India Group, a Hewlett Packard (HP) partner, was established in 1985 with the primary purpose of offering high-quality science and engineering education in West Bengal, India. The well-known private education company in India, attributed to its academic excellence and diverse course options. From science and engineering to management, medicine, and other critical areas such as information and communication technology, genetics, biotechnology, food technology, construction technology, architecture, biomedical technology, paramedical sciences, management sciences, sports technology, and media science, the Techno India Group has broadened its focus. In an effort to provide a firm foundation for the state education system, Techno India also managed to enter the sphere of basic and secondary education by constructing many model schools.

About Techno India University

West Bengal’s Techno India University is the state’s first private university, with over 7000 students studying Engineering, Business Studies, Basic Sciences, Pharmacy, Law, and a range of other emerging technology courses, including Blockchain, IoT, Automation, Data Science, and so on. TIU was established in 2013 as the flagship institution of the Techno India Group, the largest educational conglomerate in Eastern India, with 22 colleges, four universities, 12 business schools, 25 schools, and two upcoming medical institutions spread around the country.

About Y-East

Y-East, an initiative of Techno India Group, is a platform that connects all the individual and organisational actors of the sustainability and social sectors from and for East and North East India. In other words: all citizens, NGOs, corporations, investors, start-ups, public entities, educational institutions… which truly care about social and environmental impact and want to do something about it in these regions, in their own desired and possible capacity. Y-East really embodies the belief that cooperation and partnership are the keys to greater positive impact by gathering all these actors through one unique online platform, mechanically generating more offline opportunities to collaborate.

About Offbeat CCU

Offbeat CCU is a one-of-a-kind Integrated Ecosystem based in Kolkata. Offbeat CCU is a hub for entertainment, hospitality, events, workshops, certifications, fitness, lifestyle, and education, among other things. It is the first full-fledged backpackers’ hostel in Kolkata. It also houses TopCat CCU, Offbeat Agility, Offbeat Strength, Offbeat Spaces, Gravit8, Y-East, Cafe Offbeat, Scene Create: Centre for Creative Arts, Offbeat Essentials, and Offbeat Live, as well as offering Short Term Certification and Workshops on a variety of topics.

Bengal Business Council 

The idea of this council consisting of heterogeneous industries, despite the presence of several chambers of commerce, stemmed from the need to revive the culture of entrepreneurship in the Bengali community, develop the sense of strong fellowship, network building and brotherhood amongst the members of society and be a unified voice of the Bengali Business Community.

To foster the growth and development of businesses run by Bengalis by raising awareness, camaraderie and brotherhood amongst its members and their larger network with the definitive goal of cultivating the spirit of enterprise by ensuring the perpetuity of Bengali family enterprises and by means of mentorship and funding of ventures by entrepreneurs from the Bengali community to revive the forgotten renown of Bengalis as the premier business community paving the way for nation-building.

February 16: While building a dream team on a fantasy sports gaming app, it is often seen that users seek advice from an expert who has in-depth sports knowledge and real-time analytical data to predict a winning combination. Many fantasy sports prediction websites, bloggers, YouTubers, etc., help create your fantasy team. Sportsfantasyguruji seems to have the edge over most of such prediction platforms.

Sports Fantasy Guruji is a social media platform that help you create a virtual dream team on any online prediction games of real-life cricket players playing an upcoming match in the real world, such as grand leagues such as IPL, T20s, EPL, etc. Rated among the best, SFG is India’s leading and most trusted Fantasy Sports YouTube Channel; it caters to cricket enthusiasts to determine the best team for fantasy sports game contests. The media channel always tries to develop an operative team that helps users win big on any popular Fantasy cricket gaming platform such as Real11, Playerzpot, gamezy etc.. The specialist channel offers minute detailing that helps users streamline winning so that they would never have experienced it. The channel has 330k followers and counting. Users can go through the elaborate descriptive videos that offer a detailed analysis of each game, players, prospective lineup before and updated predictions after the toss & during any match. Also, there are regular and timely posts and predictions for upcoming games with former cricketing star interviews and other crickets’ news updates on SFG’s media platforms.

The enormous success of the Sports Fantasy Guruji channel is attributed to its founder, Nitesh Yadav. Nitesh is a 25-year-old B.tech Civil engineer by profession and hails from the Rewari district of Haryana. Though Nitesh comes from a farming background, his passion for sports was evident from the very beginning. He represented his school cricket team as a captain. Being an all-rounder, he was categorised as a Right-arm Medium Fast bowler and always batted in top order. Apart from cricket, he was a keen follower of other sporting activities and participated in many. Even while completing his engineering course, Nitesh made it a point to pursue his cricketing passion and participated in inter-college tournaments and won many medals.

His love for sports ultimately led him to become a fantasy expert and motivated him to start his Youtube venture- Sports Fantasy Guruji.

Sports Fantasy Guruji success can be adjudged from the fact that it became the 1st FANTASY youtube channel in youtube history to have a former Indian International Cricket Player for IPL 2021 Match Preview, Prediction and Depth Analysis of the matches. Again, the channel was first from the fantasy industry, whose interviews were published in India in various print media in 2019. Moreover, Sports Fantasy Guruji Fantasy Youtube Channel brings Data Science to the fantasy league for next-level fantasy prediction, which is a game-changer for fantasy users.

There is a growing craze among youth and sports fanatics in strategy based online games. Millions of sports fanatics are using one or more of such fantasy gaming sites to either get intrinsic social experience with an opportunity to earn monetary benefits or to develop a deep connection between your team and real-world sports in general. The gamers with accurate predictions are rewarded fantasy points and financial benefits. The daily fantasy version gaming and betting apps need you to select a team from listed players, and at the end of the day, the user with the highest points wins the game and cash rewards. As these fantasy sports app requires a minimum entry fee to enter the contest, the users always look to build an excellent team to streamline their winning possibilities.

On the one hand, Nitesh Yadav, with his Fantasy Sports YouTube Channel, offers his subscribers to win and, on the other, tap the revenue resource for himself from the sector that is witnessing tremendous growth, both in the number of players and the amount of revenue generated.

Youtube channel – https://youtube.com/c/SportsfantasySports

Twitter : https://twitter.com/SFGPrediction?t=dWWdZbvI-W7ZXFJbTOxj0Q&s=09

Instagram : https://www.instagram.com/sportsfantasyguruji

Kochi (Kerala) [India], February 16: Kerala Startup Mission (KSUM) has felicitated business journalist and author R. Roshan for his contributions to the growth of the startup ecosystem in the State. John.M. Thomas, CEO of Kerala IT Parks and Startup Mission, presented the memento to Roshan during the Seeding Kerala Summit held at Grand Hyatt Convention Centre in Kochi recently.

Mr. Thomas said the honour was for Mr. Roshan’s contributions to the growth of start-ups in Kerala through his reporting, books and social media interviews and articles. A native of Thiruvananthapuram, Roshan heads the Business News vertical of Mathrubhumi, a leading daily newspaper, and has authored four books, including ‘Vijayapathakal’ and ‘Startup: Thudangam Puthusamrambhangal’.

Entrepreneurs have a key role in determining the economy of nations’ futures. To commemorate this accomplishment, the winners of the Nationwide Awards Under 30 Rising Entrepreneurs – 2022 were honored

 New Delhi (India), February 16: Despite an ever-increasing competitive industry, the Grand Nationwide Awards Under 30 Rising Entrepreneurs – 2022 were familiar with recognizing and rewarding the remarkable effort and accomplishments achieved by the pioneers of the business environment. Entrepreneurs have a key role in determining the economy of nations’ futures.

Several industries, including real estate, education, healthcare, marketing, software, aviation, and media, got over 1000 nominations. Furthermore, they realize sustainability, social justice, and environmental responsibility through their social causes and support of good public efforts. Perhaps the most important contribution, or the underlying thread that goes through all of these contributions, is their inherent propensity to innovate, which guarantees that nations and economies expand quickly and efficiently.

Continuing the search, the Nationwide Awards Under 30 – RISING ENTREPRENEURS – 2022 look for the brightest stars among a diverse group of rising entrepreneurs, looking for those whose imagination, technology, responsibility, innovations, and solid initiative have helped them succeed in an increasingly difficult corporate environment.

Business Mint published a list of firms, agencies, non-profits, and government organizations run by corporate leaders whose groups and missions have resulted in success:

https://nationwideawards.org/

List of Nationwide Awards Under 30 Rising Entrepreneurs – 2022 Winners: 

1. Shaktte Sachdev, Founder & CEO – TopPropMart – Proptech Category
2. Aakshaye Bharganwr, Founder & CEO – TechEra Securities Pvt Ltd – Deep Technology Category
3. Zeel.Ritu.Agarwal, Founder – Maatriz atelier – Fashion Label Category
4. Chaitanya Kandoi, CEO & Founder – SuprFam Pvt Ltd – Adtech Category
5. Ravi Teja Gurram, Founder & CEO – Kaashwi 4 Santity Private Limited – Strategic Marketing Category
6. Yuvraj Harichandan, CEO & Founder – Archon Motors – Electric Mobility Solutions Category
7. GNV Satyanarayana, Founder – Mrphenomenaldiaries – Travel Photographer Category
8. Karthik Mangipudi, Founder & Managing Director – Great Orion LLC – Conglomerate Company Category
9. Abdul Aleem, Founder – Craftera Design Studio – Interior Design Category
10. PARTH JOSHI, Ceo & Director – SEERAJ INDUSTRIES PVT. LTD – Logistics Category
11. Aarushi Dhingra, Director – BeLeefy – Healthy Food Category
12. Rajat Rajan Singh, Lawyer & Editor In Chief – Law Trend (www.lawtrend.in) – Law & Legal Awareness Category
13. Karan Ramesh Doshi, Founder – Medicine One Pvt Ltd – Medicine Delivery Category
14. Racharla Manikanta, Founder – Coine.ai – Fintech Category
15. Yax Sheth, CEO – YAKS Group – Blockchain Development Category
16. Bharti Garg, Founder – The Elegant Decor Co. – Decor & Gifting Category
17. Hemmali, Founder – Roohani Guidance – Astrologist & Numerology Category
18. Ashwin Kumar Jain, Director – Keerthi Builder and Promoters Pvt Ltd – Real Estate Developers Category
19. Hudson Hyde Philips, Founder & CEO – F A U C O N E – Business Development & Branding Category
20. Chirayu Somani, Founder & CEO – Rebounce Entertainment Pvt Ltd – Family Entertainment Center Category
21. Mazhar Syed, Director – Asmita Group – Real Estate Category
22. Govind Balakrishna Raju, Founder & CEO – 10Infinite Pvt Ltd – Drone Service Category
23. Ravi Raj Desai, Managing Director – The Himalaya Group – Textile Category
24. Aarushi, Co-Founder & Partner – Chambers of Jain and Kumar – Legal Firm Category
25. Diya Gurnani, Director & Co-Founder – CHAI VAAI CAFE – Café Franchise Category
26. Kumar Shubham, Founder – Mclinic healthtech India Pvt Ltd – Innovation in Healthcare
27. Leesha Arya, Co-Founder & COO – JJ Tax – Tax Solutions Category
28. Rohit Jain, Founder & CEO – Aagam-Watch, Learn, Apply – OTT for Education Category
29. Ajay Tyouharia, Founder & CEO – Revolute Academy – Edtech Category
30. Radhika Lakhotia, Founder – Kamlamrit – Snacking Solutions Category

Mr. Vinay Kanth Korapati, Founder of Business Mint, says, Entrepreneurship is critical to economic progress. In the process of industrialization and economic expansion, entrepreneurs act as catalysts. We are glad to state that all of the Rising Entrepreneurs are startup founders or Business Legends that propel the business and society forward with their ideas, improvements, and unwavering coarseness. The entrepreneur is responsible for establishing new businesses that stimulate the economy and the revitalization of existing businesses that make up the economic structure. You all exhibit true progress and administration in advancing Responsible Business. Thus we’d like to congratulate everyone on the shortlist, especially our winners of the Nationwide Awards Under 30 Rising Entrepreneurs – 2022.

About Business Mint:

Business Mint is the one-stop destination to serve organizations and entrepreneurs for their professional advancement through research and recognition approaches. Business Mint is a platform for associations and businesspeople where individuals get acknowledgement for their diligent effort. Their good try to perceive the incredible business thoughts, adventures, and great individuals behind them that get it going at any expense.

February 16: F-Pay, one of the finest digital wallet apps of India, empowers businesses and customers, especially non-banking individuals, with the one-stop solution to manage and transfer their finances online. In some of the most convenient, seamless, safest, and transparent ways.

F-Pay, a creation of Mohammad Faizan and a solely owned digital product of the ISO Certified company, F-Pay Communication Pvt. Ltd., is a digitally-acclaimed online portal that is renowned for delivering world-class financial services to all its customers spread across the country.

F-Pay, a UPI-based digital wallet that only recently got established in 2019, aims to fulfil Mohammad Faizan’s deep desire to build something for the ordinary man of India. To provide the ordinary Indian man with utility financial services without the necessity of sharing their banking information with others. This makes a great deal of sense, keeping in mind the rising digital frauds that digital wallet users can fall prey to amidst the rising digitization era right now.

The biggest benefit of using the F-Pay application is the fact that it only deducts a 3% transaction fee while transferring money directly from the bank. This results in somewhat a win-win situation for all the app users because other digital wallets charge a minimum of 5% transaction fee in such cases. What more? The app delivers a host of other services whenever and wherever you want, just with the click of a button.

From helping customers complete their financial transactions with lightning speed to state-of-art security, the F-Pay application has got its users covered for life. Be it services like Instant DMT, UPI transfers, Recharge services, Wallet transfers, Paying Utility Bills, Contactless Offline Payments, Google Redeem Code, LIC Payment, Water Bill, Loan Repayment, Municipality Taxor upcoming services such as Flight Booking, Shopping, Bus Booking, or Hotel Booking, the F-Pay app has got it all. Users will also receive cashback on transactions made on the app.

Being careful rather than indecisive while making critical monetary transactions through digital wallets can give rise to far-reaching consequences. However, the new-generation and resourceful online applications like F-Pay are making it super-easy for Indians, most significantly the non-banking Indians, to easily transit money online. And that too, in the safest and the securest ways.

F-Pay, it seems, is a one-of-a-kind application that follows a positive approach towards all its widespread Indian clientele. By clearly understanding their essential needs and requirements and providing them with a one-stop solution that solves their diversified problems most efficiently.

F-Pay is like a safe online wallet providing customers with new and exciting discount coupons to not only prominent restaurants in their city to coupons that would help save their money. With a strong motto to provide their B2B and B2C clients across India with seamless money processing and transparent financial services for utmost customer satisfaction.

The trusted and authentic digital portal with a strong background in Fin-tech and Telecom business has served 2 lakh+ customers and 3000+ merchants to date. Being a one-stop solution for the retail network in India will certainly help this pioneer digital wallet application leave a mark amongst the handful of other digital wallets available across the country.

Mumbai (India), February 16: Yet again, Jio makes a move on Valentine’s Day. This time Inviting the competition network users to port out and join the Jio family of over 421 million users. #WithLoveFromJio

On the occasion of Valentines Day, Jio – the largest telecom operator in the country wished its users on Twitter and also leveraged this opportunity to reach out to users of its fellow competitors with a flirtatious pick-up line asking – “Can we have your number.”

They say – Everything is fair in Love & War, and this tweet is an open invitation to Airtel and Vi users to join Jio.

This tweet also takes forward the trend that Jio has set over the years where it takes a subtle dig at competitor networks wishing them Happy Valentine’s Day.

In 2017, Jio spread love, right in the midst of the telecom war.

In 2018, Jio reminded competition networks that it is the preferred choice for SIM slot 1.

In 2019, Jio sent out a message that Jio is One True Love of the country.

This year too, Jio found an innovative, never seen before way to acquire customers through social media. This certainly caught people’s eye and made its way to their hearts. And we hope Airtel and Vi don’t mind it

Source: Schbang

Schbang, established in 2015, is a Creative & Technology Transformation company with offices across Mumbai, Bangalore & now Delhi-NCR.

Mumbai (Maharashtra) [India], February 16: BSE listed Balu Forge Industries Ltd. (BSE: 531112) engaged in precision engineering has posted stellar results for the quarter ended 31^st December 2021.

For the quarter ended 31^st December 2021, the Company saw a 477% jump in PAT (YoY). The revenues zoomed 90% YoY to Rs. 8124.15 Lakhs (Q3FY22) from Rs. 4282.72 Lakhs (Q3FY21).

For the nine-month ended 31 December 2021, the Company saw a 466% jump in PAT (YoY). The revenues zoomed 109% YoY to Rs. 20609.56 Lakhs (nine months ended FY22) from Rs. 9876.05 Lakhs (nine months ended FY21).

The Company saw massive improvements in PAT, and revenues saw a multifold jump.

Balu Forge Industries Ltd (BFIL) had also acquired the precision machining line of the Mercedes Benz Truck Factory from Mannheim, Germany. It has doubled the Company’s production capacity and further extended the expanse of the products & capability to a much larger customer base. The Company also boasts of the first order received in the EV Industry for its indigenously built motors from two of its customers, namely one in Western Europe & the other in the far east.

The Company’s in-house capability & state of the art precision engineering enables it to manufacture an extensive range of components through a spectrum of industries, namely Automotive, Agricultural, Industrial, Defense, Railways Marine & the New Energy Sphere. BFIL is the only Company to have the capability to manufacture components conforming to the New Emission Regulations & the New Energy Vehicles.

Mr. Jaspal Singh Chandock, Chairman & Managing Director, further added, “The Company has seen very robust growth with a solid order book. Further, with the recent acquisition of the machining unit from Germany, the Company is in a niche league with very few manufacturers. It will cater to the whole European & North American CV Market and double its production capacity. The Company has also developed indigenous electric motors in its R&D facility and boasts of initiating commercial orders. The Company is on a very aggressive and sustainable growth path of 100% YOY due to a strong order book which has not been impacted by the high raw material costs or semiconductor shortage due to a wide geographical & Industrial application of our products. The growth in the next few quarters will be led by the orders from the Defence Industry, Railways in a Middle Eastern Country & the robust growth in the agricultural demand of Africa. We are on the right path to achieve all our targets, if not surpass them, which makes Balu Forge Industries Limited one of the fastest and most sustainable Companies among its peers.”

New Delhi [India], February 15: An entrepreneur is a person who creates a business based on a new idea. They are in charge of the company and bear the risk of its success. An entrepreneur’s definition isn’t fixed in stone. To pay tribute to Business Mint is bringing Nationwide Awards for Under 30 Inspiring Entrepreneurs 2022.

The foundation has been the Nationwide Awards for Under 30 Inspiring Entrepreneurs-2022. After all, an entrepreneur is critical to a business’s development and success. Entrepreneurs that are inspired are in business to solve an issue, express their creativity, serve their community, be free, and overcome personal or social challenges. Money is frequently used as a measure of success, yet inspiring entrepreneurs are in the company for a different cause.

Business Mint published a list of firms, agencies, non-profits, and government organizations run by corporate leaders whose groups and missions have resulted in success: https://nationwideawards.org/

More than 800 nominations were received from a variety of industries, including real estate, education, healthcare, marketing, software, aviation, and media.

List of Nationwide Awards Under 30 Inspiring Entrepreneurs – 2022 Winners:

• Sabista Khan, Founder & Fashion Designer – The Cinderella Story – Footwear Designer Category
• Chinmay Handa, Partner – Manx Impex – Fire Safety Category
• Sanchit Bhutani, Director – Bhutani Grandthum – Commercial Real Estate Category
• Muzafar Hussain, Founder & CEO – Appriffy – Technical Resource Category
• Amit J Hemrajani, MD – ORIA fenestrations & MJ group – Architectural Doors & Windows Solutions Category
• Amy Chhabra, Fashion & lifestyle Influencer – Fashion Influencer Category
• Syed Aiyaz Uddin, Founder – TheStaffingCircle – Recruitment & Business Coach Category
• Suchita Dharam Golecha, Costume Designer | Stylist – Celebrity & Commercial Costume Stylist Category
• Ramesh Choudhary – Life Coach Category
• Adrian Shepherd, Founder & CEO – Superfly Productions – Video & Media Production Category
• Divek Agarwal, Founder, CEO – SUKI water solutions Pvt Ltd. – Pipes and Tanks Selling Brand Category
• Shruthi Venugopal Nithin, Founder – FLOAP(For Love of All Pets) – Pet-Tech Category
• Rishav Agarwal, CMO – ATLANTIS MARBLES – Marble Business Category
• Saransh Gupta, Founder – Uniworld Studios Pvt. Ltd. – Media & Marketing Advisory Category
• Anurag Tiwari, Co-Founder & Director – LectureDekho – EdTech Category
• Siddharth Jain, Partner – Madhya Bharat Ceramics – Ceramic Tower Packing Category
• CA Sagar Bharani, Co-Founder & Director – BlueLadder EPC Solutions Pvt Ltd – Pre Engineered Building (PEB) Solutions Category
• Abhay Valsangkar, Founder – Avatar – Skill Development Category
• Kshitiz Bhaisin, Founder – My Chhota School Pvt Ltd – Early Childhood Education Category
• Ashutosh Kumar, Founder – cemX – Innovation & Con-tech Category
• Harshita Karthik, Founder – Hk Permanent Makeup Clinic – Esthetician & Cosmetologist Category
• Nissin Alzad, Co-Founder – Aarya Ventures & Eatganic – Organic Farming & Food Products Category
• Amrut, Director – Little Italy – Italian Restaurant Category
• Yuvraj Khurana, MD – SMT Group of College – Education Category
• Mansi Yogesh Thakkar, Director – Windplus Pvt Ltd – Leadership Training Category
• Abhishek Bhattacharya, Co-Founder – Brú Finance – Blockchain Category
• Pawan Prakash Badlani, Founder & CEO – Inspire Me – Graphologist Category
• Subhash Kakarla – Phoenix Global – Young Thought Leader Category
• Hitesh Sharma, Founder & CEO – SG Auto Assist – Roadside Assistance Company Category
• Narender Singh Yadav – Professional Mountaineer, Athlete & Motivational Speaker – Professional Mountaineer Category

Mr. Vinay Kanth Korapati, Founder of Business Mint says, There will be experienced Entrepreneurs working to reclassify best practices regardless of where you are in the world. There are many methods for seasoned Entrepreneurs to differentiate themselves in what is, at last, a competitive market to be in, whether it is by supporting an incredible heritage or by providing highly individualized service. They combat difficult forces and carry with them inventive arrangements in any circumstance, even during the most trying times, with their visionary thinking and persistent soul. Talent is plentiful, and businesses aim to attract emerging stars who will help shape the world’s future while conserving the expertise and experience of today’s entrepreneurs. It’s an honor to announce the winners of the Business Mint Nationwide Awards Under 30 – Inspiring Entrepreneurs – 2022. We hope to continue to honor the winners who are qualified in this category every year.

About Business Mint:

Business Mint is the one-stop destination to serve organizations and entrepreneurs for their professional advancement through research and recognition approaches. Business Mint is a platform for associations and businesspeople where individuals get acknowledgement for their diligent effort. Their good try to perceive the incredible business thoughts, adventures, and great individuals behind them that get it going at any expense.

Mumbai (Maharashtra), February 15: Mr. Soumyadri Shekhar Bose, Ex MD/Director at Siemens, Dassault Systems & Hewlett Packard, has been appointed as Managing Director of BSE listed Cressanda Solutions Ltd. Mr. Bose is a Technologist and business executive on a mission to meaningfully better the lives of the Next Billion.

Passionate about building innovative yet frugal solutions in Healthcare, Education, Environment & Renewables, Food & Agriculture, and Livelihood, thereby meaningfully uplifting the lives of the next billion people globally, primarily emerging from India and Africa with 30 years of corporate experience, extending over four continents, Mr. Bose epitomises the ideals of true global thinking and local execution. With his focus on Sustainable Development Goals, and has been leading projects in education, healthcare, food security and disrupting technologies in South & South-East Asia, Europe and Africa. As a board member, he advises organisations on their growth and operating strategies, globalisation, market-entry, portfolio rationalisation, and the application of critical technology. BSE listed Cressanda Solutions, Ltd engaged in providing software services, digital media services, and information technology (IT) enabled services has appointed Mr. Bose as its Managing Director.

Its software services include onsite-offshore development of various business applications, IT consulting, offshore application development, maintenance, testing, and migration services.

With the expertise and guidance of Mr. Bose, Cressanda is all poised to take off on a supersonic speed and introduce several new hi-technology products and services. With the recent Union Budget laying thrust on Technology and Digital arena, Cressanda is highly optimistic for its future vision.

At its board meeting held on 9th February 2022, the company further considered and approved to raise up to Rs. 66,50,00,000 through preferential allotment / private placement by the issue of up to 11,06,68,000 Convertible Equity warrants with each warrant convertible into one equity share of Rs. 1/each to non-promoters, subject to members’ approval and also Increase the Authorised Share Capital of the Company from Rs. 44,00,00,000 to Rs. 70,00,00,000divided into 70,00,00,000 Equity Shares of Rs. 1/- each & Consequent Amendment to the Capital Clause in the Memorandum of Association of the Company, subject to members’ approval.

Caution: Forward-Looking Statements

As per IQVIA, JB was the fastest-growing company among the top 30 companies for CY 2021

Mumbai (Maharashtra), February 15: J. B. Chemicals & Pharmaceuticals Limited (JB), one of the fastest-growing pharmaceutical companies in India, announced its financial results for the third quarter ended 31^st December 2021.

For the third quarter ended 31^st December 2021, the company recorded revenue of INR 601 crores compared to INR 548 crores, registering a growth of 10% over the corresponding quarter of the previous financial year. Comparing Q3 FY22 versus Q3 FY21 shows underlying revenue growth for Q3 FY22 was 23% (After excluding revenue deferred to Q3 FY21 from Q2 FY21), and operating EBITDA* (Earnings Before Interest Depreciation and Taxes) were conservative at INR 153 crores as compared to INR 171 crores. Profit after Tax stood at INR 84 crores compared to INR 154 crores attributed to one-off income due to trademark sale in Q3 FY21 (~ INR 34 crores), higher treasury income in Q3 FY21, revenue deferment to Q3 FY21 and non-Cash ESOP charge in Q3 FY22.

Commenting on financial results, Mr. Nikhil Chopra, CEO and Wholetime Director, said, “Our performance in the third quarter reflects a strong business momentum in a macroeconomic environment that has continued to be challenging. Revenue growth in India saw positive traction from our renewed Go-To-Market model and product introductions resulting in JB maintaining its position as the fastest-growing company among the Top-30 in the industry^. Further, major parts of our international business, including CMO, witnessed a gradual revival of demand. Our margins reflect the significant increase in raw materials costs and persistent supply chain-related challenges. Going forward, we will maintain focus on driving topline growth, cost optimization and organizational efficiencies.”  He further added, “We see multiple levers for outperformance – leveraging our existing Go-To-Market model strength, maximizing new introductions & lifecycle management opportunities and strengthening our international markets through portfolio augmentation. The acquisition of the brand portfolio from Sanzyme will further strengthen our domestic business and improve our market position. All these initiatives should translate into enhanced long-term value for all our stakeholders.”

^ As per IQVIA MAT Dec 21 data

Financial Performance – 9M FY22 vs 9M FY21

For the nine months of the financial year 2021-22, the company recorded revenue of INR 1800 crores compared to INR 1514 crores, registering a growth of 19%. Operating EBITDA* (Earnings Before Interest Depreciation and Taxes) increased by 5% to INR 457 crores compared to INR 437 crores. Adjusted EBITDA** increased by 8% to INR 471 crores. Profit after Tax stood at INR 301 crores compared to INR 348 crores, registering a decline of 13 %.

*Operating EBITDA is after excluding non-cash ESOP Charge

**Adjusted EBITDA after excluding non-cash ESOP Charge and one-time non-recurring expense

Revenue momentum remained strong despite the challenging operating environment in the third quarter. Excluding the revenue, which got deferred to Q3 FY21 from Q2 FY21 in the previous financial year, the sales growth for Q3 FY22 was 23%. The Gross Margin profile remains steady at 66% in Q3 FY22. Significant inflation witnessed in API prices, managed through cost optimization initiatives and price increases. Operating costs are now at normalized levels, excluding ESOP charge, employee benefits expense increased by 11%. Other expenditures witnessed a sharp increase in Q3 FY22, led by a significant escalation in logistics/freight costs and a substantial increase in Power & Fuel costs.

Domestic Formulations business continues its good performance growing at 20% in Q3 FY22 vs Q3 FY21. As per IQVIA, JB was the fastest-growing company among the top 30 companies for CY 2021, and as per MAT Dec 2021, JB grew at 27% vs market growth of 18%. Re-aligned Go-To-Market model continues to deliver positive results w.r.t. productivity improvement and new introductions. New Products contributed 4.2% to Domestic sales in Q3 FY22 and 4% for 9M FY22. During Q3 FY22, the Domestic Formulations business launched 12 new products, including Molnupiravir, Cilacar TM, Azovas-T and Pirfenidone. Cost pressure persists on raw material and packing material; this is expected to continue in the medium-term.

International business revenue grew at 3% in Q3 FY22 vs Q3 FY21, showing sequential improvement in international business, and underlying growth for Q3 FY22 is higher than the reported number due to deferment of revenues from Q2 FY21 to Q3 FY21. International business further witnessed steady revival except for the US business. South Africa continues to record growth in both public and private markets. Russia/CIS region delivered strong growth for Q3 FY 22. CMO business performed well due to demand revival in key markets. Supply chain disruptions and higher freight costs remain a challenge, as freight costs increased significantly for all key markets.