Mumbai (Maharashtra) [India], August 12: Cressanda Railway Solutions (BSE: CRESSAN) Formerly Known as Cressanda Solutions Ltd a leading private Railway auxiliary concierge service and digital media company has announce a strategic partnership with Shaurrya Teleservices Pvt Ltd to provide Wi-Fi and Content on Demand (COD) across the Eastern Railway trains. This groundbreaking initiative will commence with a pilot project on a long-distance train originating from the Howrah division and traveling to Barmer, Rajasthan.
This partnership is poised to revolutionize digital connectivity in trains across India, marking a significant step towards realizing the vision of a truly Digital India. By offering enhanced connectivity, passengers will experience a more seamless and enjoyable journey, further bridging the digital divide.
Shaurrya Teleservices Pvt Ltd: Shaurrya Teleservices is a leader in Neutral Digital Infrastructure, specializing in building and leasing rooftop sites, in-building coverage solutions, and small cell sites shared by major mobile operators such as Airtel, BSNL, Jio, and Vodafone Idea. The company is also dedicated to developing neutral passive infrastructure for Fiber to the Home (FTTH). With this new partnership, Shaurrya Teleservices continues to drive innovation in the telecom sector.
Cressanda Railway Solutions Ltd: (BSE: CRESSAN) formerly known as Cressanda Solutions Ltd., a leading private sector Railway auxiliary (Concierge) service and digital media company. Additionally, Cressanda Railway Solutions under its Concierge Services tender for Eastern Railway, enabling them to provide wheelchair services starting with the Howrah and Sealdah stations. The wheelchair service commenced on August 1, 2024, at Howrah station and will soon expand to Sealdah and other divisions, ensuring better accessibility for all passengers.
In a further move to enhance passenger convenience, Cressanda Railway Solutions Ltd has entered into a definitive agreement with Rail Services, acquiring the Rail Services App. Through the Rail Services app, commuters can easily book wheelchair services, making travel more accessible and hassle-free.
“We are thrilled to partner with Shaurrya Teleservices to bring cutting-edge digital connectivity to the Eastern Railway,” said Arun Tyagi, MD of Cressanda Railway Solutions Ltd. “This initiative aligns with our commitment to improving passenger experiences and supporting the Digital India mission.”
Pankaj Agrawal, Founder of Shaurrya Teleservices, added, “Our collaboration with Cressanda Railway Services marks a significant milestone in enhancing digital infrastructure in India’s railway network. We are excited to contribute our expertise and innovative solutions to this transformative project. This would be our first step towards creating infrastructure that would be used for Open RAN once there is regulatory clarity”
About Cressanda Railway Services Ltd: Cressanda Railway Services Ltd is committed to enhancing the railway travel experience through innovative digital solutions and concierge services. The company’s recent initiatives include providing Wi-Fi and COD services across the Eastern Railway and introducing wheelchair services to improve accessibility for passengers apart from pick up & drop services and on board sale of non-catering items inside the Eastern Railway trains.
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Ahmedabad (Gujarat) [India], August 10: Asian Granito India Limited (AGL), one of the largest Luxury Surfaces and Bathware Solutions brands has reported significant improvement in the operational and financial performance during Q1 of FY 2024-25 ended 30th June 2024.
Business Highlights:-
Exports for Q1 FY25 was reported at Rs. 50 crore; comprising of 15% of Revenue
Company signed Bollywood star Ranbir Kapoor as brand ambassador and launched campaign “Premium ka Pappa”
Company has received “No Objection” from stock exchanges, BSE and NSE for the proposed Demerger Scheme of Arrangement amongst Asian Granito India Ltd and other entities.
Approved proposal to increase authorised share capital to Rs. 320 crore consisting of 32 crore equity shares of Rs. 10 each
Consolidated Highlights: – Q1 FY25 Results
The Company has reported a consolidated net profit of Rs. 0.3 crore for Q1FY25 ended 30th June 2024 as compared to the net loss of Rs. 3.6 crore in Q1FY24. Consolidated net sales for the first quarter of FY24-25 reported growth of 3% to Rs. 343.2 crore as against net sales of Rs. 334.8 crore in QI FY23-24. EBITDA for Q1 FY25 stood at Rs. 16.1 crore (EBITDA Margin 4.7%) as against EBITDA of Rs. 9.6 crore (EBITDA Margin 2.9%) in QI FY24.
Standalone Highlights: – Q1FY25 Results
The Company has reported a standalone net profit of Rs. 4.6 crore for the Q1FY25 ended 30th June 2024 as compared to the net profit of Rs. 5.6 crore for in Q1FY24. Standalone Net sales of the company in Q1FY25 was reported at Rs. 277.6 crore as against net sales of Rs. 292.7 crore in Q1FY24. EBITDA for Q1FY25 stood at Rs. 7.9 crore (EBITDA Margin 2.8%) as against EBITDA of Rs. 3.8 crore (EBITDA Margin 1.3%) in Q1FY24, growth of 108% Y-o-Y. Exports for the Q1FY25 was reported at Rs. 43.9 crore, rise of 5% Y-o-Y as compared to export of Rs. 41.8 crore in Q1FY24.
Commenting on the results and performance Mr. Kamlesh Patel, Chairman and Managing Director, Asian Granito India Ltd said, “The Company has commenced the financial year with enhanced operational and financial performance in Q1FY25. Looking ahead, the company remains optimistic and is poised for significant growth in the coming years. Strategic initiatives such as the Morbi expansion, the AGL demerger, focus on retail presence, showroom expansion and the appointment of Ranbir Kapoor as brand ambassador demonstrate the company’s strong commitment to growth and its aspiration to become a global brand. With a steadfast commitment to thought leadership, the company aims to achieve a total revenue of Rs. 6,000 Crore, driven by a visionary long-term strategy.”
The company has successfully completed its expansion plans by establishing manufacturing units under Future Ceramic Pvt Ltd and AGL Sanitaryware Pvt Ltd. Additionally, the company is investing Rs. 73.80 crore to set up a Mega Display Centre cum Office in Ahmedabad and a Stock Point for trading building construction materials.
Company has recently received “No Objection” letter from stock exchanges – Bombay Stock Exchange and National Stock Exchange for the proposed Demerger Scheme of Arrangement amongst Asian Granito India Ltd and Affil Vitrified Pvt Ltd, Ivanta Ceramics Industries Pvt Ltd, Crystal Ceramic Industries Ltd, Affil Ceramics Ltd, Ivanta Ceramic Ltd, Crystal Vitrified Ltd, Amazoone Ceramics Ltd, AGL Industries Ltd, Adicon Ceramica Tiles Pvt Ltd and Adicon Ceramics Ltd. The Scheme of Arrangement remains subject to receipt of other applicable statutory and regulatory approvals inter-alia including from Hon’ble National Company Law Tribunal and the respective shareholders and creditors, under applicable laws.
Board of Directors on 4 July 2024 has approved the proposal to increase the authorised capital of the company from Rs. 150 crore consisting of 15 crore equity shares of Rs. 10 each to Rs. 320 crore consisting of 32 crore equity shares of Rs. 10 each, subject to approval of shareholders of the Company.
In June 2024, Company has incorporated Subsidiary, M/s. AGL Stones LLP with an objective to carry on Trading activities in various types of tiles mainly large slabs tiles, quartz slabs etc. and it will specifically focus on exports to USA market. Asian Granito India Ltd holds 51% in the venture. The Company has also incorporated Wholly Owned Subsidiary in Thailand named Harmony Surfaces (Thailand) Ltd on 18 June, 2024 with an objective to undertake the trading activities of all type of Tiles.
In a strategic move to elevate the AGL brand, the company has signed Bollywood superstar Ranbir Kapoor as its brand ambassador and launched the “Premium ka Pappa” campaign. This partnership highlights the brand’s commitment to excellence and sets the stage for an exciting future. With Kapoor’s endorsement, the brand aims to expand its reach, particularly among the youth, advancing its vision of growth and connectivity.
In a short span of two decades, Asian Granito India Ltd has emerged as India’s leading Luxury Surfaces and Bathware Solutions brand. The Company manufacture and markets a range of Tiles, Engineered Marble and Quartz, Sanitaryware and Faucets. The Company has 235 plus exclusive franchisee showrooms, 12 company owned display centers and an extensive marketing and distribution network pan India with 14,000 plus touchpoints including distributors, dealers and sub-dealers in India. The Company also exports to more than 100 countries.
About Asian Granito India Limited
Established in the year 2000, Asian Granito India Ltd. (AGL) has emerged as India’s leading Luxury Surfaces and Bathware Solutions brand in a short span of two decades. The Company manufactures and markets a wide range of Tiles, Engineered Marble and Quartz, Sanitaryware and Faucets. AGL products are synonymous with reliability, adaptability, innovation, quality consciousness and the company has created a strong brand identity, well recognized globally and loyal customer following across segments. Today it is 4th largest listed ceramic tile company in India with employee strength of 6,000 plus.
Ranked amongst the top ceramic tiles companies in India, AGL has achieved over 65 times growth in its production capacity, from 0.83 Million Sq. Mtrs. Per Annum in FY 2000 to 54.5 Million Sq. Mtrs. Per Annum in FY 2023. AGL is also the only tiles company to be acknowledged in the Vibrant Gujarat Summit 2015 for achieving phenomenal growth.
The Company has 14 state-of-the-art manufacturing units spread across Gujarat and 235 plus exclusive franchisee showrooms, 12 company owned display centers across India. Further, the Company has an extensive marketing and distribution network pan India with 14,000 plus touchpoints including distributors, dealers and sub-dealers in India. The company also exports to more than 100 countries.
The Company looks to strengthen its identity as the leader in the Indian ceramic industry by consistently introducing innovative and value-added products in the market to keep pace with its valued customers. Headquartered in Ahmedabad, AGL is listed on NSE & BSE and reported net consolidated turnover of INR 1530.6 crore in FY 2024. (For more information, please visit: www.aglasiangranito.com)
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New Delhi (India), August 10: Mithlesh Gupta Social Welfare Foundation was founded by her sons, Rahul Gupta and Manish Gupta, directors of True Nutrition Performance Private Limited, on August 8, 2024. They founded the Social Welfare Foundation in memory of their beloved mother to carry on her illustrious legacy of selfless giving and dedication to society. The foundation aims to strengthen local communities by meeting basic needs and encouraging sustainable development.
The foundation, named in honor of Smt. Mithlesh Gupta, works to further her dream of a more caring society. The foundation aims to reduce poverty by providing essential social services such as an old age home, emergency aid, educational support, and affordable meals through Apna Khana. As they embark on this mission, they invite the community to join in honoring Smt. Gupta’s enduring spirit of service and making a tangible impact through volunteering, donations, and partnerships
How does the Mithlesh Gupta Social Welfare Foundation honor Smt. Mithlesh Gupta’s legacy through its initiatives and programs?
In keeping with her long history of selflessness and devotion to helping those in need, we are currently implementing many initiatives that cater to the food and health needs of the needy through various programs.
Apna Khana provides low-cost meals to those in need. We commit to provide universal access to health care and assistance for the elderly by organizing health camps, providing free medical assistance, and establishing old age homes to uphold their dignity and provide a more comfortable and secure living environment.
2. How did the Mithlesh Gupta Social Welfare Foundation originate, and how are its founders carrying on their mother’s legacy of service and compassion?
Inception Inspiration and initiative are the principles we hold in admiration for her. We established the Mithlesh Gupta Social Welfare Foundation to honor our mother, Smt. Mithlesh Gupta, for her lifelong dedication to social service. Her values of compassion and community support inspire and motivate us. We continue her mission of helping those in need, focusing on impactful community programs, and have implemented various initiatives, such as healthcare camps, educational programs, and old age homes, to address pressing community needs. We want to preserve her legacy by maintaining and expanding these programs, so that empathy and service will continue to benefit future generations.
3. What personal experiences with Smt. Mithlesh Gupta influenced the foundation’s formation?
We frequently saw our mother, Smt. Mithlesh Gupta, helping neighbours and community members in need. She demonstrated compassion and the importance of kindness and support. Growing up, we observed her active participation in local charitable activities, which inspired us to prioritize social welfare. Her dedication to caring for elderly relatives moved us, highlighting the need for respectful and secure environments for seniors, which led to the creation of old-age homes.
4. What inspired the specific programs, such as Apna Khana and the Old Age Home, and how do they reflect the values of Smt. Mithlesh Gupta?
Smt. Mithlesh Gupta’s dedication to eradicating world hunger by ensuring adequate food for everyone served as inspiration to Apna Khana. She strongly believes in the need to provide a respectful and loving home for those in their twilight years. So, the Old Age Home initiative is a direct result of her profound reverence for them. Her tireless fight for affordable healthcare sparked the establishment of health camps to improve healthcare accessibility for the poor.
5. In what ways do the foundation’s programs, such as Apna Khana and the Old Age Home, address the most pressing needs in the community?
Apna Khana delivers low-cost meals to the poor, providing them with access to nutritional food while battling hunger and malnutrition. The Old Age Home provides a safe and comfortable living environment for senior citizens, meeting their needs for security, companionship, and healthcare. Both initiatives frequently work with healthcare practitioners to provide free medical check-ups, ensuring the community’s physical health.
For more information contact us at
Address: 834 Nitikhand 1 Indirapuram Ghaziabad
Mail Id: join@msw.foundation
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New Delhi (India), August 10: India’s leading furniture brand, Durian, has arrived in God’s Own Country, bringing its renowned style and quality to Thiruvananthapuram. This marks the brand’s first venture into Kerala, making luxurious furniture more accessible than ever for residents. The new store boasts a convenient location at Kesavadasapuram-Ulloor Road, inviting customers to explore Durian’s exquisite furniture collections. Owned by Mr. Biju Thomas, Director, Thomson Group, the store officially opened its doors on July 24th, 2024.
Spanning an area of 4500 sq. ft., this new store offers a wide range of home and office furniture, including sofas, recliners, beds, dining sets, storage solutions, and office furniture. Durian Furniture is a trusted name in the industry, known for their unwavering commitment to using top-notch materials, classic designs, versatile styles, and exceptional craftsmanship. This dedication to creating enduring furniture is evident in every piece.
Durian presents a diverse and exquisite range of furniture, all meticulously crafted to meet and exceed the highest quality standards. The collection features an array of luxury home furniture, including opulent sofas, elegant dining sets, and a serene bedroom collection. In addition, Durian Furniture offers a plethora of premium office and home office furniture, from sophisticated study table designs to ergonomic office chairs. Each piece is designed to enhance both living and working spaces with unparalleled style and comfort.
Shopping at Durian Furniture is an exceptional experience. Knowledgeable staff members, led by Manager Mr. Sunil, are on hand to provide expert guidance, helping customers find the perfect pieces to complement their living spaces. The brand also offers flexible payment options, including easy EMIs, making quality furniture more affordable than ever. Hassle-free delivery and installation services further enhance the overall shopping journey. To underscore their commitment to quality, Durian Furniture confidently offers a 5-year warranty, thereafter dedicated service from Thomson Group.
In celebration of their illustrious heritage, Durian Furniture is delighted to announce exclusive inaugural discounts on select home and office furniture. This allows customers to invest in high-quality, long-lasting furniture designed to remain stylish and relevant for years to come.
For those searching for premium luxury furniture in Thiruvananthapuram, Durian Furniture stands as the ultimate destination. The perfect blend of high-quality furniture and a delightful shopping experience elevates your purchase to another level of satisfaction.
Address: M/s Thomson Home Depot, TC 14/4332, Cordial Emerald, Kesavadasapuram-Ulloor Road, Thiruvananthapuram, Kerala 695004
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