Tag: Finance

Creditwalle is revolutionising borrowing experience with the launch of its game-changing financial services platform, empowering borrowers with fast lending mechanism, transparency, and 24/7 availability, so borrowers never have to go elsewhere.

In an era inspired by convenience, accessibility, and speed, the financial environment is powerfully evolving. Instant loans from are becoming a trusted source of lending for those who need financial support right away. User-friendly interface, availability 24 hours a day, easy access to funding, and prompt disbursal make these platforms for loans an attractive choice. Creditwalle not only offers these advantages but also provides unbiased real ARPs, single application forms, credit score protection, quick and high conversion, and more. It provides borrowers with exceptional and unmatched instant loans in a few hours. 

Creditwalle’s game-changing platform plays a significant part in digital borrowing. Its comprehensive fintech approach makes the borrowing process seamless so that once understood by the borrower; borrowers will never struggle to look elsewhere. Each Creditwalle service streamlines transparency and convenience to offer prompt cash for instant needs. This permits users searching for instant financial support to consistently apply for an instant loan, submit details, and get quick disbursals. 

Modern-day digital marvels have brought convenience into lending. Creditwalle understands this. The platform lives up to the expectation of borrowers with all kinds of personal loan services for unique needs, including loans to meet financial obligations. It even offers its users with high-end loan services such as home renovation loans, instant medical emergency loans, immediate shopping loans, travel and leisure loans, and loans to clear bills, etc., also ensuring transparent and convenient borrowing experience.

Creditwalle is not as limited as the traditional system of loans. While traditional lending procedures included thorough steps to be followed, from filling out lengthy forms to sharing one’s personal income, Creditwalle doesn’t do so. It promises to make loans instantly available for borrowers online. Any user can almost instantly access the funds they need in a couple of hours without sacrificing their integrity or exposing their financial liabilities. It helps borrowers enjoy hassle-free repayment tenures and enjoy the cash they need as quickly as possible. 

Creditwalle, a unit of Woodland Securities Private Limited, is transforming financial borrowing experience. A spokesperson of the game-changing platform, shares, “We believe Creditwalle is changing the way people borrow loans very conveniently. From unparalleled convenience to transparency in services, Creditwalle makes it seamless for the new-generation to get a personal loan in the present time. This is just the beginning for us! Our team is working hard to make Creditwalle a premier choice of borrowers in the country.”

Creditwalle is a user-friendly borrowing platform inspiring the new generation of borrowers. It strives to make borrowing easy and simple for users who have busy schedules and a lot of financial obligations to meet. The platform is committed to consistently bringing new features to meet the unique borrowing needs of its users. The entire team associated with this game-changing financial services platform works strenuously to deliver a one-of-a-kind borrowing experience. 

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Ahmedabad (Gujarat) [India], May 6:  Ashapuri Gold Ornament Ltd (BSE – AGOL – 542579) – one of the prominent manufacturers and wholesalers of gold jewellery is schedule to open its Rs 48.75 crore rights issue on May 08, 2024. The funds raised through the issue will be utilised to meet the working capital requirements to fund company’s expansion plans, entering new geographies and for general corporate purposes. Right issue of the company are offered at a price of Rs. 5.85 per share – 57.45% discount to closing share price on 3^rd May, 2024. Rights Issue closes on 27^th May, 2024.

Issue Highlights:

• The company will issue 8.33 crore fully-paid equity shares at an issue price of Rs. 5.85 per share
• Shares in Rights issue priced attractively at Rs. 5.85 per share – 57.45% discount to closing share price on 3 May 2024; Rights Issue will close on May 27, 2024
• Right Issue funds will be utilised to meet the working capital requirements, fund company’s expansion plans, entering new geographies and for general corporate purpose
• The rights entitlement ratio for the proposed rights issue is 1:3, 1 rights equity shares of Rs. 1 each for every 3 equity shares of Rs. 1 each held by the eligible equity shareholders

Ashapuri Gold Ornament Ltd

(A Leading Jewellery Manufacturer of Antique Gold Jewellery) 

The Company will issue 8,33,28,666 fully paid-up Equity Shares of the face value of Rs. 1 each for cash at a price of Rs. 5.85 per Equity Share (including a premium of Rs. 4.85 per Equity Share) aggregating to Rs. 48.75 crore. The Rights entitlement ratio for the proposed issue is fixed at 1:3 (1 equity shares of face value of Rs. 1 each for every 3 equity shares of Rs. 1 each held by the equity shareholders on the record date – April 18, 2024). The last date for On-market Renunciation of Rights Entitlements is 21^st May, 2024.

Commenting on the development, Dinesh Kumar Soni, Managing Director, Ashapuri Gold Ornament Ltd said, “Company has taken important strategic initiatives in the recent past with a focus to expand production capacities, launching new product lines and collections for different markets. Our long-term focus continues to be investing in team Development, participating In India’s largest B2B exhibitions, Proceeds of the issue will further strengthen company’s balance sheet and help fund its expansion plans and strategic growth initiatives.” 

Company’s Board of directors on April 10, 2024 approved the issuance of equity shares by way of a rights issue to eligible equity shareholders for an amount not exceeding Rs 48.75 crore. Post the rights issue, total outstanding shares of the company should increase to 33,33,14,666 equity shares from 24,99,86,000 equity shares prior to the rights issue.

Ashapuri Gold Ornament Limited, one of the leading manufacturers and wholesalers of gold Ornament has been in the business for over 28 years and has been a trailblazer in the gold jewellery industry. With a manufacturing unit spanning 14,000 square feet in Ahmedabad and a branch office in Bangalore.

Company offers a range of collections catering to various customer segments. Company has three Collections named “Maayin”, “Kaavis” & “Arzish” which caters to diverse customer segments from high end to mid-markets and value market segment. The company’s product range includes Necklace, Bangles, Bridal Jewellery, and Choker.

The company has factory premises of 14,000 square feet and corporate house at CG Road, Ahmedabad. The factory employs more than 200 artisans (jewellery artisans) and has a capacity of 400 artisans. Company’s prestigious clientele includes India’s Big Corporate Giants like, Titan Company limited – Tanishq, Malabar Gold, Kalyan Jewellers, Senco Gold Limited and many others.

For FY 24, Company reported sales of Rs. 165.06 crore – a growth of 4.46 per cent as against sales of Rs 158 crore in FY23, EBITDA grew 165 per cent to Rs 9.62 crore in FY23, Net Profit registered 317 per cent rise during FY23 to Rs 7.42 crore. Company has achieved strong CAGR of 6.48 per cent in Sales and 74 per cent in Net Profit during the last 5 years with an improving return ratio.

Promoter Group holding in the company is 64.08 per cent as on 31^st March, 2024. Company came up with its IPO on the BSE SME platform in March 2019 & migrated to the main board of BSE in July 16, 2021. On 18 July 2023, there has been a stock split from Rs. 10 per equity share to Rs 1 per equity share.

Robust Financial Performance over the last 5 years

Company has reported robust financial performance over the last 5 years. Sales has grew at a CAGR of 6.48 per cent to Rs 165 crore in FY24 from Rs 120 crore in FY20. Net Profit too have maintain strong 74 per cent plus CAGR during 5 years from FY20 to FY24.

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Mumbai (Maharashtra) [India], May 6:  Two foreign funds have bought total of 2,99,200 shares of MOS Utility Limited (further referred to as “MOS”) in a bulk deal on 2 May 2024. Saint Capital Fund and Zinninai Global Fund PCC- Cell Dewcap fund have bought 1,49,200 shares each in the company. Both funds together have bought shares worth Rs. 5.77 crore in the company.

• Saint Capital Fund and Zinninai Global Fund PCC- Cell Dewcap fund bought 1,49,200 shares each in the company on 2 May 2024
• Both funds together have bought shares worth Rs. 5.77 crore in the company.

On 2 May 2024, Saint Capital Fund bought 1,49,200 shares of MOS Utility at Rs. 193.96 per share, investing Rs. 2.90 crore. Saint Capital Fund is a SEBI registered FPI and a boutique Global Investment Fund with prime focus on long term investment in growth companies and create exceptional impact driven by success. The objective is to create wealth over a long period of time through investing in diverse range of assets.

Zinninai Global Fund PCC- Cell Dewcap fund also bought 1,49,200 shares of MOS Utility at Rs. 191.98 per share, investing Rs. 2.87 crore. Zinnia global fund PCC is a boutique firm that offers advisory and fund management services to global investors. It focuses on traditional asset classes like debt, listed & unlisted equities & derivatives.

MOS Utility Limited is a pioneering fintech company that provides a wide range of innovative payment solutions and utility services to businesses and individuals. Company has rich and varied experience with reputed Giant corporations in India. It has established an extensive network of Business Correspondents (TeamBC) spanning over 25 states, poised to make a significant impact in reaching the last mile consumer.  

Recently, MOS Utility Limited and Bank of India unite to Empower Business Correspondents (BC) and Enhance Financial Inclusion.

MOS Utility Ltd was originally incorporated as ‘MOS Utility Private Limited’ on July 27, 2009, as a private limited company issued by RoC, Mumbai. The Company was converted into a public limited company and the name of the Company was changed to MOS Utility Limited vide a Fresh Certificate of Incorporation on August 03, 2022.

The Company is one of the fastest growing Fintech Companies, B2B E-commerce Companies and promotes the government’s ongoing mission, ‘Vocal for Local’ to scale new heights in digital India. Its performance is backed by the finest technology and operational platform. It provides a platform to agents who then facilitate booking of instant flight tickets, hotel booking, bus booking, recharge any mobile phone and DTH, digitally transfer money to any bank account, AEPS, Bill payments of electricity, telephone, and insurance premiums and to Sell Travel, 2- Wheeler, 4-Wheeler and health insurance without any investment and by the agent just with the help of PC or Laptop with an Internet connection.

The Company organizes business under 7 primary business segments, comprising of banking, travel, insurance, utility services, entertainment services, franchisee, and other services. It is a technology provider of digital products and services in the B2C, B2B and financial technology through an integrated business model via the online portal i.e. www.biz-solutionz.com. It provides courier franchises or authorizes their agents/distributors as partners. As of September 30, 2022, the Company had over 1,68,018 network partners which includes agents, distributors, and master distributors for payment solutions, remittance, utility, travel, and insurance products.

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Ahmedabad (Gujarat) [India], May 4:  The initial public offering of Ahmedabad-based Sai Swami Metals & Alloys Ltd, makers of DOLPHIN Brand stainless Steel Cookware & appliances and wide range of stainless steel products received overwhelming response for its Rs. 15 crore SME IPO and got subscribed over 500 times. Retail segment was subscribed 528.8 times, while Non institutional investor category was subscribed 558.5 times.

Company received bids for over 128.96 crore equity share aggregating total subscription amount of over Rs. 7,737.60 crores against the 25 lakh shares offered in the public issue. The public issue closed for subscription on May 3. Shares of the company will be listed on BSE SME platform on May 8, 2024.  Grey Market premium on company’s share was around Rs.53 per share indicating a Premium listing of 88.33% as per https://www.investorgain.com

The initial public offering comprises of a fresh issue of 25 lakh equity shares of face value Rs. 10 each. Company has fixed price of Rs. 60 per equity share for the public issue (including a premium of Rs. 50 per equity share). Out of the issue proceeds of Rs. 15 crore, company plans to utilize Rs. 6 crore towards working capital requirements, Rs. 4 crore for investing in a subsidiary, Rs. 2 crore for purchasing machineries and Rs. 2 crore towards general corporate purpose. Minimum lot size for the application is 2000 shares which translates in to investment of Rs. 1.2 lakh per application. Retail investor quota for the IPO is kept at 50% of the net offer.

Mr. Nipun Anantlal Bhagat, Chairman and Managing Director, Sai Swami Metals & Alloys Ltd said, “We are overwhelmed at the response received for the public issue and want to thank all the investors for their trust and confidence in the company and its management. From its humble beginnings in marketing to establishing manufacturing units we have emerged as a dynamic player in the stainless steel industry. We are hopeful that after the proposed public issue, we will be able to execute our growth strategy in a manner that creates exponential value for all stakeholders while consistently delivering quality products.”

Source: BSE

Sai Swami Metals and Alloys Ltd is involved in the trading and marketing of a comprehensive array of stainless steel products, addressing the diverse needs of our discerning customers. The company’s product line includes a variety of kitchenware such as Dinner Sets, S.S. Casseroles, S.S. Multi Kadai, S.S. Water Bottles, Stainless Steel Sheets, Stainless Steel Circles, and various utensils. The Dolphin brand is recognized for trading and marketing stainless steel kitchenware products by the company and its two subsidiaries, Bhagat Marketing Private Limited and Dhruvish Metals LLP. As of December 3, 2023, company has a network of 6 Distributors and more than 150 sub-dealers/stockiest/retailers and strategic alliances in the state of Gujarat, Madhya Pradesh, Maharashtra.

The DOLPHIN brand of the company stands as a beacon of success, reflecting the company’s resilience and lasting impact in the Gujarat market. Over the past three decades, it has consistently translated innovative ideas into an ultramodern range of high-quality kitchenware made from the finest stainless steel material. Company and two subsidiaries i.e. Bhagat Marketing Private Ltd and Dhruvish Metals LLP have a wide range of product portfolio across three categories consisting Cook wears, Kitchenwear and Cutery over 1,200 with different model, each presenting a unique look, style, and personality.                   

For nine months ended December 2023 , company has reported net profit of Rs. 1.79 crore and revenue of Rs. 33.33 crore as compared to full year profitability and revenue of Rs. 3.83 lakh and Rs. 6.27 crore in FY22-23. As on December 2023, Net Worth of the company was reported at Rs. 6.64 crore, Reserves & Surplus at Rs. 2.53 crore, Asset base of Rs. 26.17 crore and RONW at 27.02%.

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Mumbai (Maharashtra) [India], May 3: Piramal Capital & Housing Finance Ltd., herein referred to as Piramal Finance is pleased to announce that their home loan interest rates start at 9.50%*. This competitive interest rate reflects Piramal Finance’s commitment to providing accessible and affordable financing solutions to individuals aspiring to own their dream homes.

Owning a home is a significant milestone for many individuals and families.  With Home Loan starting from a 9.50%* interest rate, Piramal Finance aims to make homeownership more attainable and financially feasible for a broader segment of the population.

Piramal Finance is one of India’s leading players that address the diverse financing needs of the under-served and unserved people of ‘Bharat’ market. With a robust presence, Piramal Finance serves over 2.4 million customers through a network encompassing 470 conventional branches and 179 active microfinance branches. Notably, a significant proportion of these branches are strategically located in the outskirts of major metros as well as in Tier I, II, and III cities.

Key Highlights of Piramal Finance’s Home Loan Offering:

• Competitive Interest Rates: Benefit from attractive home loan interest rates starting from 9.50%*, ensuring affordability and cost-effectiveness over the loan tenure.
• Flexible Repayment Options: Enjoy flexible repayment options tailored to suit your financial circumstances and preferences, including long repayment tenures for enhanced affordability.
• Quick and Hassle-Free Processing: Experience seamless and expedited loan processing supported by a dedicated team of professionals committed to providing personalized assistance at every step of the journey.
• Transparent Terms and Conditions: Rest assured with transparent and straightforward terms and conditions, ensuring clarity and peace of mind throughout the loan tenure.

Whether purchasing your first home, upgrading to a larger property, or refinancing an existing mortgage, Piramal Finance is committed to providing you with the support and assistance you need to make informed decisions and achieve your homeownership goals.

Don’t miss out on this opportunity to secure your dream home with a Home Loan from Piramal Finance. To learn more and apply for a Home Loan, visit www.piramalfinance.com or contact us today.

Terms and conditions apply. Interest rates starting at 9.50%* are based on eligibility criteria and may vary depending on individual credit profiles and market conditions.

To know more, visit – https://www.piramalfinance.com/home-loan 

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Alok Kumar Agarwal Alankit, “At the heart of India’s FinTech revolution lies a relentless pursuit of technological innovation.”

New Delhi [India], May 2: In recent years, India has emerged as a global powerhouse in the field of financial technology or FinTech. India’s FinTech sector showcases remarkable dynamism, epitomizing the nation’s technological prowess. “Advancements across Payments, Digital Lending, InsurTech, and WealthTech underscore its capacity for innovation, positioning India as a global leader in financial technology,” says Alok Kumar Agarwal Alankit. Continuing further he adds, “Notably, the Payments segment has experienced an extraordinary surge in India. UPI transactions alone saw an astounding 82% annual growth in the past fiscal year, totaling 38.87 billion transactions.”

Unprecedented Growth of India’s FinTech Landscape

The FinTech landscape in India has experienced a meteoric rise, transcending traditional boundaries and redefining the way financial services are accessed and delivered. “Per a recent report from venture capital firm Matrix Partners and consulting firm Boston Consulting Group forecasts that Indian fintech companies will generate approximately $190 billion in revenue by 2030,” quotes Alok Kumar. From payments to lending, insurance, and wealth management, every facet of the financial sector has witnessed a significant boost. “The proliferation of smartphones, coupled with the government’s push for digitalization, has fueled this growth, paving the way for innovative FinTech solutions to thrive,” mentions Alok Kumar Agarwal Alankit. 

Leveraging cutting-edge technologies such as artificial intelligence (AI), blockchain, and data analytics, FinTech companies are revolutionizing the way financial services are conceptualized and executed. “AI-driven algorithms are enabling personalized financial recommendations, blockchain is ensuring transparent and secure transactions, while data analytics is unlocking valuable insights to drive informed decision-making,” says Alok Kumar Agarwal. 

Regulatory Support & Enhanced Financial Inclusion

“According to a report by Tracxn, Q1 2024 witnessed total funding of $551 million, a significant surge compared to the $346 million raised in the previous quarter,“ mentions Alok Kumar Agarwal Alankit. This momentum propelled India to secure the third position globally in terms of funding raised for the FinTech sector during the first quarter of the year, underscoring the sector’s growing prominence on the global stage.

Explaining the reason for this increased funding, Alok Kumar Agarwal Alankit explains, “The regulatory environment in India has also evolved to embrace FinTech innovation, providing a conducive backdrop for growth and expansion. Regulatory bodies have introduced progressive policies and frameworks to foster innovation while safeguarding consumer interests. This regulatory support has instilled confidence among investors and stakeholders, fueling further investment and innovation in the sector.”

One of the most significant achievements of India’s FinTech sector is its role in enhancing financial inclusion. Through innovative solutions and strategic partnerships, FinTech firms are bridging the gap between traditional banking services and underserved populations, empowering millions of Indians with access to essential financial services. From rural farmers to urban micro-entrepreneurs, FinTech is democratizing finance and creating a more inclusive economy. 

Focus on Cybersecurity and Future Outlook

“As the FinTech sector continues to soar, cybersecurity emerges as a critical concern,” opines Alok Kumar Agarwal. With the proliferation of digital transactions, safeguarding sensitive financial data has become paramount. “FinTech companies are investing heavily in robust cybersecurity measures to ensure trust and reliability among users. Looking ahead, India’s journey towards becoming a digital-first economy holds immense promise for the FinTech sector,” adds Alok Kumar Agarwal Alankit. 

While concluding, Alok Kumar Agarwal Alankit mentions, “India’s FinTech sector stands at the cusp of a transformative era, driven by unprecedented growth, technological innovation, financial inclusion, regulatory support, and a relentless focus on cybersecurity.” With visionary entrepreneurs and support from the government at the helm, the sector is poised to scale new heights and redefine the contours of the Indian economy in the years to come.

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In the world of industrial applications, Evexia Lifecare limited stands out as a manufacturer of a range of petrochemical downstream products. These include specialized oils, chemicals, petroleum sulphates, and solvents crucial for industries such as rubber, leather, ink, and paint.

Going green with eBikes

A significant milestone was the company’s move into the green energy sector in FY21 with the establishment of an eBike plant in Vadodara. Not just stopping at manufacturing, the company is also gearing up for job work and producing their own line of eBikes.

Global Financial Moves

On 3rd February 2023, the company issued 1.50% Listed FCCBs worth USD 1000 Lakhs to the Global Focus Fund from the Republic of Mauritius. This financial move, regulated by the Financial Service Commission of Mauritius, carries a maturity period of 37 months, with an outstanding amount of 68,887.47 Lakhs.

Diversification and Strategic Acquisitions

In a bid to diversify the portfolio, the company has delved into trading businesses and commission-based activities, significantly reducing our expenditure. 

[For more information, visit https://www.evexialifecare.com/ ]

Moreover, the recent acquisition of REVIN LABS PRIVATE LIMITED, specializing in Analytical Testing Services for Pharmaceuticals, underscores the commitment to growth and innovation. 

The acquisition, costing 44.8 crores, will be settled with a cash consideration of Rs. 22.4 crores and the issuance of equity shares of Evexia Lifecare Limited to Revin Labs Private Limited’s individual shareholders, at a rate of 140 Rs per share.

Strategic Partnership for Future Growth

Our acquisition of an 80% stake in Revin Labs Private Limited is not just about expansion; it is a strategic move to join hands and boost our business forward.

Navigating Financial Ups and Downs

While recent financial reports may show some disappointments, our diversified business segments and promising growth opportunities signal robust wealth creation for the company and its investors. 

This is reflected in our stock’s impressive 50% growth over the past six months, and is currently trading at Rs. 2.53.

Disclaimer: This highlights the bullishness of stock shares and is not recommended to buy, sell or hold. We have not conducted fundamental or technical analysis and do not have any opinion on the stocks mentioned. Neither the author nor Granium Information Technologies should be held responsible for any damages. Please consult a professional advisor.

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New Delhi (India), April 29: Lagnam Spintex Limited, a leading manufacturer of high quality cotton yarn in India, has announced its results for the financial year and quarter ended on March 31, 2024. The company witnessed remarkable revenue growth, propelled by its strategic expansion initiatives and diversification into new product lines. Lagnam had commissioned their Rs 218 cr. Capex expansion project ahead of schedule on 31st January 2024, as against the schedule date of 1st April 2024. This early commissioning has helped the company in bringing competitive cost advantage and increase in top line as seen in the results.

The Total revenue for the quarter Q4FY24 grew by 66% to Rs 149.82 crores compare to Rs 90.41 crores in Q4FY23. The Profit after Tax in Q4FY24 grew by whooping 380% to Rs 7.30 crores compare to Rs. 1.52 crores in Q4FY23.

For the financial year 2023-24, the textile company clocked a PAT of Rs 14.57 crores with a total income of Rs 437.79 crores. Its EBITDA stood at Rs 45.37 crores with an EPS of Rs 8.25.

Financial Highlights for the Quarter ended March 31, 2024

 Financial Highlights for Fiscal year ended March 31, 2024:

Commenting on the company’s performance, Anand Mangal, Promoter and Managing Director of Lagnam Spintex said, ” We are thrilled with the remarkable progress of our expansion project. Our Compact yarn has been exceptionally well-received by both existing and new customers, thanks to its superior quality. This widespread acceptance has enabled us to expand our customer base across domestic and export markets.”

Lagnam Spintex’s unwavering commitment to innovation, quality, and customer satisfaction has positioned the company as a leader in the cotton yarn manufacturing industry. With its strategic initiatives and expansion plans, Lagnam Spintex is poised to solidify its position further and continue delivering exceptional products to its valued customers worldwide.

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Surat (Gujarat) [India], April 29: NJ Wealth, a leading mutual fund distributor in India, has been making significant contributions to the growth and awareness of mutual funds among retail investors. With their extensive network of over 37,000 sub-distributors and a robust AUM of over Rs 1,94,600 crore, NJ Wealth has been instrumental in reaching out to investors across the country. In a recent interview, Mr. Misbah Baxamusa, CEO of NJ Wealth, shared insights on the growth of systematic investment plans (SIPs) and the factors that have contributed to the overall growth of the mutual fund industry.

He also discussed the initiatives taken by NJ Wealth to educate and empower investors, ensuring that they make informed decisions while investing in mutual funds. Additionally, he highlighted success stories and case studies that demonstrate the positive impact of NJ Wealth’s services on investors’ financial needs and outcomes. With a focus on long-term wealth building and a commitment to financial literacy, NJ Wealth continues to play a pivotal role in shaping the mutual fund landscape in India.

1. Can you share some insights on the growth of systematic investment plans (SIPs) in India? How have SIPs contributed to the overall growth of the mutual fund industry?

Ans.) With the mutual fund AUM crossing the milestone of Rs 50 lakh crore, SIP contributions also jumped to Rs 19,271 crore in March 2024, for a total of Rs 1,99,219 crore for this financial year 2023-24. The SIP AUM has also reached Rs Rs 10,71,666 crore. In recent years, there has been a rising trend in SIP investments. From the last financial year, the SIP contributions have increased by 27.73%. (Source – AMFI)

The simplicity and accessibility of SIPs have made it an ideal way of investment. Investors now understand that through SIPs, even small investments can blossom into a good corpus, making it easier for them to fulfil their financial needs over long term. The SIP book has added to a consistent, predictable, sticky, and a stable flow of funds to the industry which is always welcome. This is also a sign of a maturing investor base and industry. 

2. As India’s largest mutual fund distributor, how has your organisation contributed to the growth and awareness of mutual funds among retail investors in the country?

Ans.) NJ Wealth, a B2B2C platform, is one of the largest MF distributors in India with 37,000+ sub-distributors called the NJ Wealth Partners spread across the nation. Our AUM now stands at Rs 1,94,600+ crore, and our monthly SIP book stands at Rs 1,709 crore. We have an investor presence in almost all states, major cities and towns in India and are located in over 185+ locations.

At NJ Wealth we empower our network of distributors to run and build a successful mutual fund distribution business, catering to the needs of a large investor base. Currently, we have over 31 lakh investors, but believe the potential or the opportunity is still enormous out there. While reaching out to these investors, our message is very clear and simple. We promote disciplined investments in the right asset classes for long-term wealth building. We work very hard on imbibing our investment philosophy and have a very consistant training and communications calendar with both investors and distributors. We have been speaking the long-term SIP language for nearly two decades now. 

3. The mutual fund distribution landscape in India has seen significant growth in recent years. What factors have contributed to this growth, and how has your organisation capitalised on these opportunities?

Ans.) The mutual fund sector has witnessed an upsurge over the last decade, with assets under management (AUM) growing from Rs 8.25 lakh crore in March 2014 to Rs 53.40 lakh crore in March 2024 (Source – AMFI). This unprecedented growth can be attributed to a multitude of factors, including the regulatory direction provided by SEBI and the growing confidence and knowledge of investors through investor awareness programmes. We can now say that mutual fund investments are no longer a modern or new investment avenue as opposed to ‘traditional’ options and are now slowly going mainstream. 

We believe that sustainable long-term channelisation of real savings is also an outcome of the continued efforts of the mutual fund distributors (MFDs). The MFD community have been pitching and pushing SIPs when there was no awareness, and there was general suspicion about anything related to equity markets. Right through these decades, we have remained focussed on our messaging and on doing on-ground activities. Online onboarding, transactions, and increased digitalisation have greatly addressed the last-mile access challenges and have given investors greater convenience and transparency which NJ Wealth has really capitalised on. We have always worked out the challenges, remained consistant in our process, trying to convert opportunities in our favour. 

4. What initiatives has your company taken to educate and empower investors about mutual funds? How do you ensure that investors make informed decisions while investing in mutual funds?

Ans.) Financial inclusion, awareness, and literacy are the cornerstone of NJ Wealth. We hold training sessions for NJ Wealth Partners very consistently, which empower them with appropriate knowledge and the right investment strategies. In addition to regular training, we conduct talks and sessions with industry leaders very often for both investors and distributors. There is also an internal research and publications desk that gives the necessary content and publications required by our distributors.  

By empowering our partners, we extend the reach of investor education. The Financial Literacy Awareness Programme (FLAP) is a free-of-cost dedicated course that allows investors and students to educate and empower themselves with financial literacy. Moreover, we post NJ Wealth blogs where we publish relevant content through which we can directly engage in improving awareness about mutual funds and financial literacy. By equipping investors with the knowledge and resources they need, we aim to promote financial well-being and help individuals achieve their long-term financial objectives.

5. Can you share some success stories or case studies that highlight the positive impact of your company’s services on investors’ financial needs and outcomes?

Ans.) At NJ, we believe that the key to building wealth is patience and composure. Staying invested for the long term can not only help fulfil financial needs but also build wealth. NJ has always strived to put the needs of customers first. The market is also huge with vast opportunities to build wealth. In such a scenario right-selling and sticking to fundamentals of investing can really help investors generate good returns. 

The handholding provided by our dedicated NJ Wealth Partners has helped investors maintain their calm during times of market volatility. As per internal studies, Investors who have entrusted NJ Wealth for more than 10 years have achieved median returns 13.76%*. Moreover, 72.89%* of investors have received returns of more than 12%, and 96.23%* of investors have received returns of more than 8%. These returns of NJ Wealth investors are a testament to the power of long-term, disciplined, and consistent investing. 

*Source – Internal

1. Investor returns are annualised and calculated using the XIRR method for the period from the 1st investment to the 31st March 2024.

2. The methodology for computation of the XIRR return of the mutual fund investments have been audited and certified by Value Research via a certificate dated May 31, 2023, in favour of NJ India Invest Private Limited.

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Mumbai (Maharashtra) [India], April 26:  BFIL, a prominent precision engineering company engaged in manufacturing of crankshafts and forged components, is excited to announce that its shares shall be trading on the National Stock Exchange (NSE) effective at the opening of markets on 29th April, 2024 under the symbol of “BALUFORGE”.

Commenting on the announcement, the management team of BFIL stated:

“We are pleased to inform that our Company’s shares will also be listed/traded on the main board of NSE from 29th of April, 2024, this earmarks one of the credible milestones for BFIL, further this will help grow and strengthen the visibility of BFIL amongst the entire capital market community.

BFIL is a prominent player in the specialized engineering and precision machined components industry servicing a marquee global clientele spread across various industries such as aerospace, automotive, oil and gas, railways and defense.

The listing of BFIL’s Equity shares on NSE will ensure consistency and transparency which will likely enhance investor’s confidence and visibility. Apart from monitoring the explicitness, NSE will entitle the investors with following perquisites;

1. Ensuring a lower impact cost
2. Visibility
3. Unprecedented Global Reach
4. Settlement Guarantee

For further information on the Company, please visit www.baluindustries.com

About Balu Forge Industries Ltd

Balu Forge Industries Ltd (BFIL) was Incorporated in 1989 & is engaged in the manufacturing of precision machined components. It has the capability to manufacture components conforming to both New Emission Regulations & the New Energy Vehicles. The company has a fully Integrated Forging & Machining production infrastructure with a large product portfolio ranging from 1 Kg to 900 Kgs. The company has a 80+ global distribution networks and operates through both domestic and export segments. The customers include some of the renowned suppliers and manufacturers of light vehicles, Agricultural equipment, power generation equipment, commercial vehicles, off-highway vehicles, ships, locomotives and many others. The company also caters to the defence, oil & gas, railway, marine amongst other industries.

Balu Forge Industries Ltd   Captive IR Strategic Advisors Pvt Ltd

Tabassum Begum    Krunal Shah/ Naman Maheshwari

compliance@baluindustries.com  krunal@cap-ir.com/naman@cap-ir.com

Disclaimer:

This investor release is not an offer to sell any securities or a solicitation to buy any securities of Balu Forge Industries Limited (the “company”) or its subsidiaries (together with the company, the “group”).

Certain statements in this document may be forward looking statements. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believes”, ” estimates”,” anticipates”, ” projects”, ” expects”, ” intends”, ” may”, ” will”,” or ” or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, aims, objectives, goals, future events or intention. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local political or economic developments, technological risks, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements.

Forward looking statements are not guaranteeing of future performance including those relating to general business plans and strategy of the Company, its future outlook and growth prospects, and future developments in its businesses and its competitive and regulatory environment. No representation, warranty or undertaking, express or implied, is made or assurance given that such statements, views, projections or forecasts, if any, are correct or that the objectives of the Company will be achieved.

The Company assumes no responsibility to publicly amend, modify or revise any forward-looking statements, on the basis of any subsequent development, information or events, or otherwise. Unless otherwise stated in this Investor Release, the information contained herein is based on management information and estimates. The information contained herein is subject to change without notice and past performance is not indicative of future results.

BFIL will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward- looking statements to reflect subsequent events or circumstances.

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.