Category: Business

Pune (Maharashtra) [India], December 4: India is presently saddled with the challenge of nearly ₹4,00,000 crore (USD 50 billion) worth of shares, dividends, and financial assets lying dormant and unclaimed due to lack of awareness, outdated documentation, and procedural delays. Many investors and legal heirs face significant hardship in retrieving their rightful investments due to misplaced paperwork, unreported change of address, or the demise of the original shareholders.

Addressing this growing concern, Clearclaim is a committed investor services and recovery platform that has scaled up its operations to help people reclaim their old, forgotten investments. The company offers an end-to-end solution for cases involving:

•    Recovery of old shares and unclaimed dividends

•    Conversion of physical share certificates to DEMAT

•    Transmission of shares in case of the death of the original holder

•    Recovery of lost or misplaced share certificates

•    Issue of duplicate share certificates

•    IEPF (Investor Education & Protection Fund) claims for shares

•    IEPF claims pertaining to unclaimed dividends

A large number of investors get stuck in situations like procrastination during the government’s dematerialisation drive, misplacing old investment documents, or lack of knowledge among legal heirs about historic investments made by the family. Often, shares get transferred to the IEPF after dividends remain unclaimed for seven consecutive years, creating further obstacles for rightful owners attempting to recover them.

The Co-founder & CEO of Clearclaim, Shrikant Pandore, believes in making all claims management services transparent, trustworthy, and time-bound. “Our goal is to take a very complicated process and make it simple for investors. Several families do not even know the wealth hidden in old investments. That’s what we do at Clearclaim — make sure the rightful assets are regained with accuracy and speed,” he said. Shrikant leads the organization with immense strategic acumen while guiding innovation and driving operational excellence across teams.

At the head of managing the firm’s operations is Co-Founder & COO Hardik Manek. With his vast experience in research and process management, Hardik oversees daily operations to ensure seamless claim processing. “Our focus is on customer success. Maintaining transparency and efficiency builds trust with clients who come to us after years of confusion and frustration,” Hardik said.

With dedicated leadership and a mission-driven team, Clearclaim continues to empower investors and families by helping them unlock long-forgotten financial assets — bringing clarity, transparency, and relief to thousands across India. For more information please visit  www.clearclaim.in

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New Delhi [India], December 4: BoiPoka Labs Private Limited today announced the launch of BoiPoka, a mobile app that lets readers digitise their entire bookshelf with a single photograph and discover people who share their literary interests. The app was created by Meera Raman, former Chief Strategy Officer at Merkle India. They recognised that existing apps stored books or showcased personas, but none helped people find each other through the ideas that mattered to them. BoiPoka was built to address that gap.

• BoiPoka offers an alternative to superficial social feeds by matching people through what they read
• Early users say they’re finding the kind of conversations they couldn’t locate on existing apps

The app uses AI to read every spine on a bookshelf within seconds, turning physical collections into organised, searchable digital libraries. Once a shelf is uploaded, users can explore their books, find their “Book Twins,” start reading groups, and discover people who reflect their intellectual wavelength. With the global book market valued at over $130 billion, BoiPoka aims to become the preferred digital interface for readers and a valuable insight tool for publishers.

Speaking on the launch, Meera Raman, Co-founder and CEO of BoiPoka, said, “Readers have always found common ground in ideas. We wanted to build an app that honours that. A single photograph turns your bookshelf into an organised, shareable space, and sometimes, into a bridge to people who think like you. BoiPoka is for those who want more meaningful dialogue in a digital world crowded with the superficial.”

Beyond personal libraries, the app enables curated book discovery from partner bookstores, structured reading programs with libraries and educational institutions, and community discussions that bring readers together. Each feature reinforces a single premise: literary taste offers a more authentic basis for connection than superficial metrics.

BoiPoka is a free consumer app supported by partnerships with bookstores and libraries, merchandise, and events. The BoiPoka app is now available on iOS and Android.

About BoiPoka Labs Private Limited:

BoiPoka is social reading app that allows readers to convert their physical bookshelves into a digital library with a single photograph. The app identifies book spines within seconds and creates an organised, searchable collection that not only helps people keep track of what they own, what they have finished, and what they want to read next; but more importantly, it connects readers with each other. Readers can see what their friends are reading, share recommendations, form book clubs, and discover their local reading community. BoiPoka is built on the belief that your bookshelf says more about you than your social profile and that readers deserve to find their people.

BoiPoka was created by Meera Raman, former Chief Strategy Officer at Dentsu India, along with Tanay Kumar, who built Fractal Ink and are known for their work in design and user experience.

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Navi Mumbai (Maharashtra) [India], December 4: Paramatrix Technologies Limited (Paramatrix) (NSE: PARAMATRIX), a trusted provider of enterprise software products and digital IT services, today announced that its Board of Directors has approved the execution of a Share Purchase Agreement (SPA) to acquire 100% equity stake in Metasys Software Private Limited, a Mumbai-based software development and IT services company. The acquisition aligns with Paramatrix’s long-term growth strategy to strengthen its technology portfolio and expand its global delivery capabilities.

The acquisition of 100% shareholding will be executed in three tranches over the next one year, with the transaction structured as a cash consideration.

About Metasys Software Private Limited

Incorporated in 1996, Metasys Software Private Limited specializes in software development with strong expertise across Microsoft .NET, FileMaker, iOS, PHP, and React-based technologies. The company provides custom application development and digital engineering services to international clients across multiple regions, including North America, Europe and South-East Asia, supported by established long-term delivery relationships.

Metasys reported a turnover of ₹12.63 crore in FY 2024–25 and continues to maintain a stable business model driven by recurring global engagements.

Strategic Rationale

The acquisition is expected to:

• Strengthen Paramatrix’s digital engineering and software development capabilities

• Expand delivery capacity and operational scale

• Support future revenue growth through a recurring and diversified services portfolio, including engagements with international clients across North America, Europe and South-East Asia

• Create synergy-driven integration opportunities to build scalable, unified and enhanced technology solutions

This acquisition complements Paramatrix’s existing offerings and supports its roadmap of enhancing competencies and product-service integration.

Commenting on the Development Mr. Mukesh Thumar, Founder, MD & CEO of ParamatrixTechnologies Limited Said: “This acquisition marks a meaningful milestone in our growth journey. Metasys brings strong engineering capability, established customer relationships and a mature services delivery model. Together, we look forward to building enhanced value, strengthening our digital offerings and accelerating growth across our integrated platforms.”

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Mumbai (Maharashtra) [India], December 4: Flywings Simulator Training Centre Limited (The Company, Flywings) provides simulation-based aviation training with a focus on Safety and Emergency Procedures (SEP) for cabin and cockpit crew,proposes to open its Initial Public Offering on Friday, December 05, 2025 aiming to raise ₹ 57.05 Crore (At Upper Price Band), with shares to be listed on the NSE Emerge platform.

The issue size is 29,86,800 equity shares at a face value of ₹10 each with a price band of ₹ 181 – ₹ 191 Per Share.

Equity Share Allocation

• Anchor Portion – 8,50,200 Equity Shares

• Qualified Institutional Buyer – 5,67,000 Equity Shares

• Non-Institutional Investors – Not less than 4,26,600Equity Shares

• Retail Individual Investors – Not less than 9,93,600Equity Shares

• Market Maker – Up To 1,49,400 Equity Shares

The net proceeds from the IPO will be utilized for capital expenditure towards pilot training equipment and for general corporate purposes. The anchor portion will open onDecember 04, 2025 and issue will close on December 09, 2025.

The Book Running Lead Manager to the Issue is SobhagyaCapital Options Private Limited & Gretex Corporate Services Limited, The Registrar to the Issue is Bigshare Services Private Limited

Mr. Rupal Sanjay Mandavia, Managing Director & CFOof Flywings Simulator Training Centre Limited expressed,“The IPO marks a significant milestone in the growth journey of Flywings Simulator Training Centre Limited. With a strong foundation in simulation-based aviation training and a dedicated focus on Safety and Emergency Procedures, the Company has established a credible and growing presence in the industry. Its DGCA recognised centres, supported by an advanced simulator ecosystem, positions Flywings to effectively cater to the increasing training demands of the aviation sector.

The IPO proceeds will be used for capital expenditure toward new simulators, training equipment, and infrastructure enhancement. This investment will increase training capacity, support service diversification, and expand the Company’s reach to more airline partners and trainees. The offering will enable Flywings to accelerate its growth plans, strengthen market presence, and capitalize on rising demand in the aviation training space.”

Mr. Alok Harlalka, Managing Director & CFO of GretexCorporate Services Limited said, “We are pleased to support Flywings Simulator Training Centre Limited as it advances to its next phase of growth. The Company has built a strong position in aviation training with its simulation-based learning model and focus on Safety and Emergency Procedures (SEP). It currently operates four aircraft training facilities equipped with seven full-scale simulators, maintains six active airline contracts, and serves more than ten airline clients. With over 20,000 training programs delivered under structured Training Service Agreements, Flywings continues to demonstrate predictable and recurring revenue, backed by a robust operational framework and industry-aligned modules.”

The funds raised through this IPO will enable the Company to invest in new simulators, upgrade training equipment, and expand its training infrastructure. This capital utilization will support higher capacity, broaden service offerings, and strengthen Flywings’ reach across domestic and international aviation markets. We believe this IPO will accelerate the Company’s growth path and contribute to the development of a stronger aviation training ecosystem in India.”

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New Delhi [India], December 2: Dr. Rajib Mukhapadhyay, Country Head & Director (Finance) at SkyPower Global and Co-founder of Le Rythme, has been conferred with the prestigious ET Young Industry Leaders 2025 Award, recognising his exceptional contribution to social service, inclusive growth, and skill development through his NGO, Le Rythme, across India. The honour was presented by celebrated Bollywood actress Taapsee Pannu at an elite ceremony hosted at The Grand, New Delhi, in the presence of eminent industry leaders, policymakers, and changemakers.

A distinguished academic and corporate strategist, Dr. Mukhapadhyay is an alumnus of IIM Kolkata and a respected Fellow Member of The Institute of Cost Accountants of India. With over three decades of global leadership experience, he has played a crucial role in shaping financial strategies for leading multinational organisations. His expertise spans multi-billion-dollar project financing, treasury management, mergers & acquisitions, risk management, and long-term capital planning.

During his tenure as Regional Treasurer at Alstom, he successfully handled financial operations across 15 countries, ensuring compliance, governance, and financial efficiency at a global scale. Prior to this, at GAIL, he led a transformational digital initiative by implementing India’s first 100% corporate electronic banking platform, marking a major step towards modernising the company’s financial ecosystem.

Despite his global responsibilities, Dr. Mukhapadhyay’s most heartfelt work remains rooted in social upliftment. As the Co-founder of Le Rythme, a welfare-driven organisation established in memory of his late wife, he has championed large-scale programs focused on skill development, livelihood generation, and empowerment of marginalised communities. The organisation has worked extensively to uplift underprivileged youth, women, and specially-abled individuals by providing vocational training, job-linked skill development, and employment exposure across various states in India.

Under his guidance, Le Rythme has successfully facilitated thousands of employment opportunities, helping beneficiaries achieve financial independence and a dignified livelihood. The organisation continues to collaborate with government bodies, industry associations, and CSR partners to expand its reach and impact.

Expressing his gratitude for the award, Dr. Mukhapadhyay said that the recognition reinforces his commitment to bridging social gaps through sustainable skill development initiatives. He dedicated the honour to his wife, Late Smt. Rini Mukherjee, a renowned singer and the founding force behind Le Rythme. Her vision, compassion, and relentless dedication laid the foundation for empowering the disadvantaged, providing them with pathways to education, training, and employment.

Dr. Rajib Mukhapadhyay’s remarkable journey—combining corporate excellence with humanitarian leadership—serves as a profound inspiration for emerging professionals and young leaders across India. His continued efforts reflect the transformative power of leadership driven not just by ambition, but by purpose, empathy, and a deep commitment to nation-building.

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New Delhi [India], December 2: WSCS India, already recognised as one of the leading global players in the paper packaging and food service packaging sector, has reported rapid growth in the paper cutlery segment following its introduction of the product line. The company, long known for supplying high-quality packaging solutions to several global QSR brands and major retail, hypermarket, healthcare, and foodservice chains, has expanded its offerings in response to the growing global shift toward sustainable alternatives.

With businesses across markets re-evaluating their packaging choices, the need for recyclable, responsibly sourced materials has grown significantly. Paper-based packaging is becoming integral to sustainability commitments, and the introduction of paper cutlery has further strengthened WSCS India’s global portfolio and enabled it to enter a fast-growing category that aligns with evolving environmental priorities.

Amit Prakash, Director of WSCS India, said the continued global reliance on plastic-based disposables remains a serious environmental concern. He noted that plastic cutlery and other single-use items often remain in the environment for decades, contributing to long-term pollution. According to him, encouraging a gradual transition toward paper-based alternatives — even in everyday applications — can help reduce the overall burden of plastic waste. “Even small changes, when embraced collectively, create measurable environmental impact,” he said.

WSCS India’s entry into the paper cutlery segment has allowed the company to broaden its sustainable product portfolio, which already includes paper cups, paper bags, food wrapping papers and a wide range of takeaway packaging boxes. This expansion has helped WSCS India become a notable supplier of paper cutlery to international and domestic brands seeking reliable, scalable, and eco-friendly alternatives to plastic.

Industry analysts say that the company’s rapid growth in this category comes at a time when packaging norms worldwide are undergoing major transformation. Stricter regulations on single-use plastics, along with significant shifts in consumer awareness, have encouraged brands to prioritise materials that offer both performance and environmental responsibility. WSCS India’s existing strength in global food packaging supply chains, combined with its production capabilities, has positioned it strongly as demand for paper cutlery continues to grow.

The company’s broad, integrated manufacturing approach — covering paper cutlery, cups, bags, wraps and multiple food-service packaging categories — enables it to meet high-volume requirements across global markets. Its ability to maintain consistent quality and offer customisable solutions has played a crucial role in its recognition as a leading international paper packaging brand.

Furthermore, WSCS India’s expansion into paper cutlery aligns with the broader trend of businesses seeking to replace plastic-based products with recyclable and biodegradable materials. By introducing this line, the company has strengthened its position not only as a significant food packaging manufacturer but also as an emerging global leader in paper cutlery supply.

As sustainability becomes a central focus in procurement decisions, analysts expect companies like WSCS India to play an increasingly important role in shaping the industry’s transition toward responsible packaging. The company says it remains committed to supporting businesses that are working to reduce their environmental footprint through paper-based alternatives.

With strong capabilities in manufacturing, supply chain reliability and sustainable product development, WSCS India continues to expand its footprint across markets — reinforcing its status as a globally recognised leader in the paper packaging sector and a fast-growing contributor in the paper cutlery category.

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New Delhi [India], December 2: Amreli is a small city in Gujarat that is experiencing a phenomenal business success story, generating national publicity. MYPB is an Indian company that has established itself as the most authentic brand of peanut butter powder in India in a short period of time, founded by Pujan Kachhadiya. The company has had its ups and downs, resulting in a journey characterised by determination, innovation, and a desire to uplift the youth and farmers in the region.

The story dates back to the nineteen-eighties when the father of the family relocated to Amreli and began to run a business of two-wheeler repair and spare parts. The store served its purpose for several years. However, with technological developments in the automotive industry, the company gradually declined. It was during this period that the elder son, Maulik, completed his studies in 2012, worked as a teacher, and started his solar business in 2016. That business is still thriving today, and it has led to the family’s entrepreneurial spirit.

Pujan Kachhadiya completed his graduation in 2018. Though his dream was to start his own business, the family’s financial status did not permit taking risks at that moment. He studied for government exams to support the family and passed various tier-two and tier-three examinations. Nevertheless, the need to do something new was more substantial than the desire for a safe job. He did not take up a government post and continued searching for an idea that would make a significant difference.

At a time when the pandemic was affecting people’s lives in the country, his brother, Maulik, was a complete support to Pujan Kachhadiya in starting a business that would be based in Amreli yet contribute to the local farming community. Their mission was clear. They were keen on resolving the problem of youth migration by demonstrating that a nationwide business could be established effectively in a tier-three city without moving out of their hometown.

Amreli is famous for cotton and peanut production. When Pujan Kachhadiya searched global e-commerce sites, he found peanut butter powder among the top-selling goods in America. Interested in this new idea, he looked at the Indian market and realised that only two brands sold it. Upon trying them, the flavour was unsatisfactory. To learn more about the product, he asked friends in the United States to send authentic ones. After trying them, he realised there was a strong chance to bring a genuinely original, pleasurable peanut butter powder to India.

It was due to this realisation that a serious research program started. There was no known system of processing this product in India, hence he was forced to start at the very bottom. He travelled over 30,000 kilometres and conducted more than 200 product tests over more than 2 years. When he eventually got the right taste and texture, he realised he had created something great.

MYPB was officially opened on August 20, 2023. The product contained 80 per cent reduced fat, one-third fewer calories, 50 per cent more protein, and was made entirely of natural ingredients. In two months, the brand attended a major health expo and was well-received by athletes in India and abroad. It reached the sixteenth place among the best-selling peanut butters on Amazon India in six months.

The company is still entirely bootstrapped. The brothers believe that by investing their own savings, they maintain discipline, accountability, and financial planning. MYPB anticipates sales of one crore rupees in 2024 to 2025 and ten crore rupees the following year with a good EBITA margin.

MYPB is now a compelling reminder that innovation, research, and a strong purpose can turn a small-town dream into a national success story.

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