Tag: Business

Paradeep (Orissa) [India], August 20: In an epoch-making development, heavy-lift mining equipment comprising Haulpak dumpers and excavators, exported abroad through Paradip Port.

It is for the first time in the history of the premier seaport of Odisha, and pertinent to note that it was handled by Orissa Stevedores Limited (OSL).

The exporting firm, Thriveni Earthmovers Private Limited, is exporting 128 numbers of heavy as well as small equipment comprising 37 Haulpak dumpers and excavators of about 4500 metric tonnes (MT) to Taboneo Port in Indonesia. The cargo is to be used for mining activities there.

TP Roy Choudhury Private Limited and Orissa Stevedores Limited (OSL) are stevedores and exporters handling agents, respectively.

Heavy equipment is being loaded very carefully, keeping the safety of the ship and port in mind.

Though due to the low-pressure loading is being affected, the exporters and ship are taking all precautionary measures while loading the cargo.

More such type of exports will be done in future, informed the sources.

Ahmedabad, August 19: India’s home interiors and renovation market is projected to be worth Rs. 1.5 – 2 lakh crore. The interior design industry is a skilled science that involves improving the interiors of space in order to create a healthier and more appealing environment. In India, the interior design industry is growing at a rapid pace considering an increased awareness and desire. “Post COVID-19, Interior Design market is shifting from the unorganised to organised segment.” – Said Mr. Taral Shah

Today, interior design entails planning, creating, and decorating interior spaces by architects, interior designers, tradespeople, and educators. The burgeoning Indian real estate industry, growing population, rising income levels, and urbanisation contribute to the expansion of interior design. Smart houses, the influence of social media, and changes in people’s living standards and lifestyles are all elements that contribute to an increase in demand for interior design services.

The developers of Shivalik are on a mission to create a legacy. They have built exquisite Residential & Commercial Spaces, created a dense network of channel partners, invested in technology and built based on feedback from users of various categories.

Shivalik is foraying into the interior designing and execution space with their showcase project “LOFY” – one-stop home interior solutions. The flagship experience centre in Ahmedabad is located at Shivalik Shilp II, Near Keshavbaug Party Plot, Satellite.

Lofy has specialised project managers that thoroughly examine everything and attends to all of the clients’ requests. One will have the opportunity to meet and speak with professional designers about one’s needs. Anyone can book the service with the signing amount, post which the project manager comes up with the best-suited design that matches one’s ambitions after hours of mind mapping, behavioural and psychographic study.

“Design and comfort are crucial for the success of a person’s life. While achieving these, many homeowners go through the often disorganised system and experience major pain points. Your space needs a good design that matches your lifestyle and personality. Lofy is going to uplift the aspirations and enhance the urban lifestyle of the city through its 3D visualisation, customised furniture, professional and transparent project handling, and timely delivery.” – Said Mr. Shah.

Alpharetta [Georgia], August 18: Cyble, an AI-powered, Y Combinator-backed, cyber threat intelligence company that empowers organizations with darkweb & cybercrime monitoring and mitigation services, today announced that Kaustubh Medhe, former Assistant Vice President – Information Risk Management & Cybersecurity at Reliance Industries Group, has taken over as the Head of Research and Intelligence at Cyble.

“We’re delighted to welcome Kaustubh to Cyble. As we scale new heights and embark upon newer trajectories of growth, Kaustubh’s expertise and skills will make a huge difference in further consolidating Cyble’s position as an undisputed darkweb and cybercrime monitoring and mitigation partner to our clients.”

In his new role as the Head of Research and Intelligence at Cyble, Kaustubh will be driving the research initiatives of Cyble and overseeing and operationalize the development of the company’s security research and client delivery initiatives. He will play a pivotal role in leading Cyble’s threat intelligence capabilities to foster the production of strategic and actionable threat research and accelerate the integration of Cyble’s services across the world.

Commenting on his appointment, Kaustubh said, “Having led cyber defense operations from the trenches of FORTUNE® 500 companies and one of India’s largest conglomerates with diversified businesses into the Oil and Gas, Telecom, E-commerce, and Manufacturing sectors, I am convinced that it is no longer sufficient to rely only on traditional preventive and detective controls to secure an organization. Cyber defenders need to incorporate cyber intelligence as part of their cyber defense strategy to proactively discover and preempt impending cyberattacks before they can cause damage. I am excited to join the talented team at Cyble to help clients improve their visibility, situational awareness, and cyber resilience using Cyble’s proven AI-powered darkweb intelligence platform and deep research-led services,” says Kaustubh.

A cybersecurity and risk management professional with diverse experience in consulting, practice management, and cybersecurity operations, Kaustubh brings over 20 years of rich experience. Before joining Cyble, Kaustubh gained extensive experience in successfully managing security service programs and engagements for several clients in the Insurance and Banking sector in India, the Middle East, and APAC. “Today’s knowledge economy necessitates that organizations distinguish themselves in the industry based on the passion and experience of the individuals they hire,” says Mandar Patil, VP – International Market and Customer Success at Cyble. “We are delighted to have Kaustubh join us at Cyble to boost the success of our clients. His expertise as a cyber risk professional and over 20 years of experience in the cybersecurity sector will further accelerate the endeavors of our Research and Delivery teams and lead Cyble further into the future,” he added.

Manish Chachada, Co-founder and COO of Cyble, says, “We’re delighted to welcome Kaustubh to Cyble. As we scale new heights and embark upon newer trajectories of growth, Kaustubh’s expertise and skills will make a huge difference in further consolidating Cyble’s position as an undisputed darkweb and cybercrime monitoring and mitigation partner to our clients.”

“The addition of Kaustubh to the team at Cyble is strategic in terms of extending the company’s sustained growth in a constantly evolving threat landscape. He brings a wealth of experience and an impeccable track record in delivering strategic research to key clients. We are confident that with Kaustubh on board, Cyble will strengthen its client base across the world.” says Beenu Arora, CEO and Co-founder of Cyble.

Cyble is a global threat intelligence SaaS provider that helps enterprises protect themselves from cybercrimes and exposure in the Darkweb. Its prime focus is to provide organizations with real-time visibility to their digital risk footprint. Backed by Y Combinator as part of the 2021 winter cohort, Cyble has also been recognized by Forbes as one of the top 20 Best Cybersecurity Start-ups To Watch In 2020. Headquartered in Alpharetta, Georgia, and with offices in Australia, Singapore, and India, Cyble has a global presence. To learn more about Cyble, visit www.cyble.com.

Mumbai, August 17: Agarwal Industrial Corporation Limited (BSE: 531921 |NSE: AGARIND ), one of India’s largest integrated players in Bitumen, continued its growth trajectory closing the first quarter of F.Y. 2021-22 with triple-digit growth in both top and bottom line.

The Consolidated Revenue of the Company grew 177% (YoY) to Rs. 407.94 Crore. The company, along with its subsidiaries, continued to maintain its track record of consistent growth performance. The consolidated profit after tax grew 277% YoY to Rs. 15.07Crore. The company has built a credible track record in building scale and delivering high growth consistently. PAT margin of the company stood at 3.68% as compared to 2.7% in the last quarter.  The Board of the Company has declared a final dividend of INR 1.80, subject to the approval of shareholders.

	Highlights of the Quarter Ended June 30, 2021
	(Consolidated)		(Standalone)
	Amt. (Rs. in Crore)	% Growth (YoY)	Amt. (Rs. in Crore)	% Growth (YoY)
Total Revenue	409.23	176.69%	366.94	170.96%
EBITDA	25.51	181.57%	16.20	181.40%
EBITDA Margin	6.23%	–	4.42%	–
PAT	15.07	276.99%	7.18	498.36%
PAT Margin	3.68%	–	1.96%	–
EPS (Not Annualized) (in Rs.)	12.84	229.23%	6.12	423.08%

Commenting on the successful results:

Mr. Lalit Agarwal, Whole Time Director, Agarwal Industrial Corporation Limited, said, “AICL is consistently pursuing its goal of accelerated high-value growth. In the first quarter, once again, we delivered – with strong and profitable growth in all businesses. The strong performance of our company was demonstrated in the first quarter by triple-digit revenue growth and increased profitability. With a strong liquidity position, a demonstrated ability to deliver execution and profitability, we are confident of weathering the crisis as well as to capture opportunities in a resilient non-recession market of Bitumen.”

Mr. Jaiprakash Agarwal, Managing Director, Agarwal Industrial Corporation Limited, said:  “Q1FY22 marks yet another robust quarter with strong progress driven by petrochemical business. This quarter led to the successful acquisition of Agarwal Translink Private Limited, which is believed to be a definitive step toward strengthening financials and unlocking of higher value and greater opportunities in the logistics segment. Our endeavor to strengthen our balance sheet and improve business visibility and stability continues – which will be forming the basis for growth going forward.”

Nashik, August 18: Elara India Opportunities Fund Ltd. has picked up a stake in BSE & NSE listed Karda Constructions Ltd. (KCL) (BSE: 541161; NSE: KARDA), a leading real estate developer. As per bulk deal data available on BSE, Elara India Opportunities Fund has picked up 961340 shares at Rs. 21.50 on August 17, 2021.

Recently the company had announced excellent results for the quarter ended June 30, 2021. Total income rose from Rs. 1776.95 lakhs (Q1FY21) to Rs. 2028.76 (Q1FY22), a Y-O-Y increase of ~14%. The profit after tax (PAT) saw massive growth, from Rs. 174.46 Lakhs (Q1FY21) to Rs. 614.24 (Q1FY22), an increase of 252%.

The company’s business activity falls within two business segments – Development of Real Estate Properties and Civil Contracting Business.

Karda Constructions Ltd is a First-Generation Construction Company in Maharashtra and Western India with a disciplined and professional approach. The company is founded and promoted by Mr. Naresh Karda in the year 2007. Promoter has an experience of more than 25 years in the construction industry. The company has established its brand name as “Hari” for its entire project. The company has received an Award for the “Iconic Budget Home” by Times Realty Icons Award 2019, Navi Mumbai & Thane. The company also received an Award for the “The Most Preferred Real Estate Company” of Nashik at the event “My Maharashtra Awards-2019”.

The company has a strong project pipeline of Rs 1,185 crore, of which 70% of the project will go live by 2025. The company has diversified revenue streams – civil contracts, joint development, government and private contract. Karda construction has 7 lakh square feet of land reserves with access to prime locations across Nashik district and other territories.

Kochi, Aug 13: Linen Trail, a slow fashion label based in Kochi, creates timeless 100% pure linen clothing for the mindful individual. Made from 100 per cent natural sources, garments produced by them support the traditional craftsmen like the hand block printers to the women of the Toda tribe for their embroidery, based out of the Nilgiris. Director of Linen Trail, A 100% Pure linen apparel brand hand-crafted for Men & Women. Anirudh Kollara talked to us. Here are a few excerpts:

Linen Trail wants to be a sustainable (slow) fashion label in the following ways: Why did you choose Linen, and what is the viability you see in the fabric?

Linen is the oldest fabric known to man. It is currently still more popular in the Ready-to-stitch segment; this trend had continued into the 21st century even with the popularisation of Ready-to-wear in the Garment Market. It is primarily because Linen has a high shrinkage percentage (The garment would shrink after the first wash). Linen Trail was conceptualised to bridge the gap in the market for 100% pure Linen Ready-to-wear apparel for Men and Women. Positioned as Linen specialists, we strive to get the perfect fit, finish and fall for all of our pure linen pieces through the linius process to ensure zero shrinkage for the product.

According to you, how has the market for Linen been, and what are the trends you are picking?

Linen’s intrinsic value in the market is more expensive than its natural counterparts like Cotton, hemp or Jute. The Indian market has a strong affinity towards luxury goods, which has helped Linen Trail grow its base of customers. Over the past year, we have seen a 15X growth through our website LinenTrail.com. The change in consumer behaviour (the shift to online shopping) post-COVID is a primary reason for the spike of growth in the category coupled with the affinity for premium/luxury goods and sustainability in the Indian market.

Consumers choose linen apparel; why? What sets this fabric as an industry trendsetter in recent years?

Linen garments were regarded as an expensive buy, but the mood has changed over the years. Linen apparel is a natural and more sustainable choice than Cotton. Linen garments can make a subtle statement of class; it doesn’t even require a logo; the customer knows its value, appealing to the growing affinity towards Luxury goods in India. Linen is also naturally breathable, adaptable, and anti-bacterial.

Retailing linen garments: The future that you are eyeing?

The future is all about sustainability, and Linen is a sustainable choice as its production is a natural process that requires less water. The need for sustainability is now more than ever. We have successfully created a business model for Linen ready-to-wear online based on real demand, which has helped focus on what the customer wants while having an inventory turnaround ratio of about 6. It has helped fuel the growth for the past year, even with the pandemic affecting our retail outlets. Retail for Linen will pick up, but online is where the real growth is for the category.

SAB UAE Team

Dubai, Aug 16: Start Any Business helps and ensures its clients, in India and the UAE (United Arab Emirates), get the most efficient and professional business setup services. With the sole mission to help them meet all their managerial needs as per the UAE standards of business.

Most trade entrepreneurs look forward to setting up their business in Dubai mainly because UAE offers 100 percent overseas ownership, efficient work environment, tons of tax savings, provide the world’s best infrastructure, refined lifestyle, and developing businesses.

But most trade entrepreneurs are demotivated by some stringent factors such as facing difficulties with the formalities of the UAE Government department or the lack of understanding and knowledge of the systems there. However, Start Any Business is a great platform that aims to help their clients to start a business in Dubai.

Start Any Business (SAB) are pioneer business setup consultants in Dubai with active operations. The successful business firm has its Head Office in Dubai UAE and another office in India. Vandana Joshi and Inder Singh, the founders of the company SAB. The business was founded by the married couple Vandana and Inder back in 2019.

With the special team of their United Arab Emirates business set up consultants, professional executives, company formation experts, and lawyers, they aim to help their clients take the best advantage of their expertise. Their 100% transparent business services make them one of the unique private companies in Dubai. Their credible work has also got them covered by the Gulf News, one of the most popular news agencies in the UAE.

The young and passionate entrepreneurs Inder and Vandana met during their post-graduation days. Both the founders were completing their MBA degrees back then. They further share, “It was one long summer evening when we came up with the idea for Start Any Business. We randomly began discussing the difficulty people might face if they wanted to start a business in Dubai.”

So, the leading UAE company founders set up their elite consultancy firm in Dubai. “We wanted our company to be so transparent that young entrepreneurs could enter UAE with ease”, the power couple shares. Before finally launching their business, they underwent few pilot tests and researched for over three months.

Their unique business model for company formation in UAE has received a great response from their clients as well as fierce response from many of their competitors. Firstly, they collect information about business and their competition. Secondly, they determine the level of business to register them accordingly. Thirdly, they rent office space in Dubai and also do a press release for them. Fourthly, they create a team of qualified professionals for the business’ success.

The company shares all the original bills from the government for their client’s company formation in UAE. The best part is the fact that they don’t charge any service charges for company setup in UAE Freezone.

Their company formation services like easy company formation procedures, business setup in different UAE locations, company licensing, company registration in Dubai, UAE company sponsorship, UAE local sponsorship, Investor’s Right Protection contract, government approvals, certifications, business centres for rent, furnished offices for rent, guidance on commercial law and updates, professional services, document clearance, and commercial banking facilities greatly help in easing the burden of their clients and conveniently set up their business in the UAE.

Developed by Rajkot resident Jignesh Lakkad, Businessbook boasts of seven key features that can help businesses grow.

Rajkot (Gujarat) [India], August 16: Imagine a mobile app that acts as a business directory, allows users to look for jobs, buy & sell property, deal in used goods, and even make posts on their timeline. This kind of an all-in-one super app is not a mere imagination but is already a reality.

Rajkot resident Jignesh Lakkad, who holds a  Master’s degree in Information Technology, is the creator of Businessbook, the super app that boasts of the above features and much more.

Jignesh, partner at Webstar Infoway Pvt Ltd., launched Businessbook as a business directory on February 7, 2020. Incidentally, he met with an accident within some days and was bed-ridden for six weeks. While he was recuperating, the Covid-19 pandemic struck, and a nationwide lockdown was imposed. The extended lockdown resulted in many people losing their jobs and means of livelihood.

“It was a difficult time for everyone, and I spent several days thinking about how I could help others. I started work on adding more features to Businessbook after realizing it would enhance the app’s utility and help people earn money,” says Jignesh about the super app.

Businessbook mainly has seven features. The first is Business Directory, which allows users to register their businesses by adding details such as name, products, location, etc. The digital branding helps businesses get new customers and expand.

The second feature is Job Vacancy, an extremely handy tool for job seekers and employers. Candidates can share their resumes using the feature with companies listed on the app, while companies looking for employees can post their job requirements.

Businessbook also allows users to rent, buy, and sell property, while the fourth feature allows buying and selling of used products such as furniture, mobile phone, vehicles, electronic appliances, refrigerators, etc.

Users can also add posts, including text and photos, to their timelines on the app.

The app’s sixth feature is Khatavahi, a tool that allows users to record and track daily financial transactions.

The seventh feature allows users to earn money by referring businesses to register on the app. The app pays Rs. 50 for each referral.

“Businessbook has features for everyone, but it is handy for those looking for information about businesses in nearby areas. Users can easily get details about different kinds of businesses using the app. Moreover, they can get Rs. 50 per referral, and there is no limit on how many referrals they make,” says Jignesh, adding a pan-India business directory is in the making.

Businessbook can be downloaded using the following link:

https://play.google.com/store/apps/details?id=com.webstar.businessbook.

75 per cent of the openings will be in the tech department, while the rest 25 per cent will witness opportunities for non-tech roles

Mumbai (Maharashtra) [India], August 16: The leading HRMS and Payroll software provider, Keka, is all set to increase the hiring opportunities available in the company with its recent announcement. Within the next two years, the company will be doubling its employee strength with 150-200 new hires. The determination to further revolutionize the HR world and the zeal to continue thriving has paved the way for Keka to expand its employee size.

The move directs the brand’s focus on expanding its product’s technical assistance and developing a strong tech-enabled customer service to not just strengthen the software further but also to remain firmer on its “people-first” mindset. The hiring will allow freshers and experienced professionals of various domains to apply to one of the fastest-growing tech companies in India. Apart from tech-related roles, several non-tech jobs will be filled up, including across different departments like the product, customer success, sales, HR and more.

The approximate number of hires being made till FY 2022 in different categories are as follows:

Sales- 40 job openings

Tech- 60 job openings

Customer Service- 60 job openings

Other departments- 40 job openings

Final year students will also have opportunities in the form of an internship through college placements.

Speaking about the company’s aim with this new announcement, Vijay Yalamanchili, Founder of Keka, said, “These hirings are a crucial part of the next growth phase. With the addition of learned and skilled employees, we aim at building a deep tech-enabled interface in our existing software, thereby catering the best services to our employees. This expansion will also help in accelerating our vision of growth and enabling an even better customer service experience for our clients.”

During its journey, Keka ascertained the industry’s need for an enhanced, tech-enabled, real-time and instantaneous client service, essential in the current pandemic-induced remote working set-up. Its employee expansion is a crucial part of this vision to serve customers better.

Keka is determined to hire nearly 65 per cent of the Freshers with 0-3 years of experience in the field. The next 20 per cent will hire Mid-level professionals having 2-5 years of experience, while the remaining 15 per cent will have openings for Senior-level leadership roles.

Keka has an employee size of close to 250, including interns. It provides an excellent environment of a corporate world. With its next hiring season, the company will be a great opportunity to work with, given its growth-centric guidance and training given to every employee. Ideal candidates would have knowledge of Payroll software and the HR department as well.

The company’s association of talent and behavior with productivity in terms of recruitment to expand the family has brought them to where they are today. Keka’s employee-first mindset did not let the pandemic’s wrath affect the employees’ salaries. Moreover, no layoffs were made during the time when other companies were sacking nearly 50 per cent of their workforce.

When asked about the key skills needed to earn a position at Keka, the company representative said they screen candidates based on their knowledge of the role, behaviour and dedication. A hard-working attitude matched with an analytical approach towards work and a passion for excelling at what they do will help candidates stand out from the crowd. Keka believes in fostering the personal career growth of its employees as well and is looking forward to hiring candidates who are ambitious.

About Keka:

Keka is on a mission to create inspiring digital workplaces where employees can do their best work. It all started when Vijay Y and Sashi P wanted to implement HR software in their growing IT services organization. Frustration due to the existing inefficient HR products in the Indian market and their poor user experience drove them to create an HRMS product, which the Indian HR fraternity truly deserved. Thus in 2015, the Keka product journey began. Unlike the traditional HR systems, Keka focused on solving complex HR problems in a simple and intuitive way. The product enables organizations to manage their HR processes from hire to retire while ensuring an awesome user experience for the employees. This is the major reason Keka has been embraced by 3750+ organizations within just 4.5 years. Keka, which coined the term Employee Experience Software, is loved by more than 300,000 employees in India. Recognized by some as the growing market leader and by others as an HR tech disruptor, Keka has become the Tesla(TM) of Indian HR products.

Keka | The HR Payroll software loved by businesses like you

New Delhi, August 16: It is no understatement- being an entrepreneur isn’t easy. It’s not one skill set; it’s many, all rolled into one, all needed at the same time to come together as an efficient machine. Over and above, an entrepreneur needs adaptability, as well as the ability to build quick expertise.

Neha Kapoor is one such live example who has made her mark on the Indian industry with both her commitment and calibre through her stint at the Ojas Group.

Neha Kapoor, a B.Sc. LL.B, by education, started her Chambers of law in the year 2012 and turned into an entrepreneur. Being one of the few hundred Patent Attorneys registered with the Indian Government, she had a ringside view of innovation across sectors, which had a profound impact on her subsequent choices, especially aligning with the Ojas Group.

Having worked in a direct briefing from the Government of Delhi – she was also born, brought up and educated in the Capital – on a variety of public interest matters, she developed an astute understanding of governance, policy and procedure.

With extensive exposure to Indian law through her rich erstwhile experience and private practice, she is recognized to bring a keen understanding of transactional, administrative and legal matters – a vital element in structuring any business start-up.

Neha Kapoor has been involved with the Ojas Group since the inception of its first enterprise, almost a decade back. She is a Promoter – Director, in Succession Training under the Founder himself, thus involved with various activities, easily manoeuvring across diverse sectors, where she is trained to be responsible for germination to gestation to even incubation and mentoring, across functions like ideation, business strategy, financial modelling and fund-raising, brand development, market-entry, etc., as well as the grooming of a new generation of entrepreneurs – she credits all her potential to the Ojas Group.

One of the younger, albeit the brightest star in the country, Neha Kapoor is undoubtedly honed as one of the sharpest and finest minds in the business ecosystem. Today, a testament to the Founder’s sincerity in manifesting his vision.

With an uncanny aptitude for grasping the multiple layers of any global venture, she today has evolved into a seasoned tactician, easily counted among the top achievers, internationally. Spirited and gifted, she embodies the true motivation behind Ojas’ endeavours.

Neha Kapoor is focused on making the Group’s various endeavours in Alternative Education and Human Potential (DB Empowerment Solutions), Financial well-being (Eera Fortunes), Real Estate, Technology, Hospitality, Lifestyle, Media and Management Consultancy (Matra), a viable player in the market circuits across multiple countries, as well as generating robust opportunities for employment and wealth generation.

In today’s competitive environment, where there are several people aiming to create success for themselves, it is still very difficult to spot a self-motivated person like Neha Kapoor, who, under the aegis of the Ojas Group, chooses to create collective growth as well.

It is for this reason that not only has she been nominated for the category of ‘Inspiring Women Entrepreneur-below 40 (2021)’, but she has also been awarded the same by Business Mint.