Category: Business

  • Celebrating Literary Excellence: Top 10 Renowned Authors Shaping the Future of Literature

    Celebrating Literary Excellence: Top 10 Renowned Authors Shaping the Future of Literature

    New Delhi [India], November 16: Literature has always played a vital role in shaping cultures, sparking imaginations, and driving change. In today’s ever-evolving world, a new generation of authors is emerging, each bringing their unique voice, perspective, and creativity to the forefront of the literary landscape. In this article, we celebrate the literary excellence of ten renowned authors who are shaping the future of literature, breaking boundaries, and inspiring readers across the globe with their exceptional work.

    Ashutosh Rana

    Ashutosh Rana is a renowned Indian actor, producer, author, and television personality. With a career spanning across multiple languages, he has worked in Marathi, Telugu, Kannada, Tamil, and Hindi films, earning widespread recognition for his portrayal of intense negative roles. His standout performances in films like DushmanRaaz, and Sangharsh have cemented his reputation as one of the most compelling antagonists in Indian cinema. In addition to his acting career, Ashutosh is also an accomplished author, having penned bestselling books such as Maun Muskaan Ki MaarRamrajya, and Ashutosh Neeti Jeevan Ki Reeti.

    Viveck Rai Marwah

    Viveck Rai Marwah’s latest book, The Mind Traveller – Warrior of Shaka, takes readers on a spiritual and adventurous journey through the mystical landscapes of Tibet. The story follows Sankalp, a young boy who loses his family to a brutal attack by a renegade general. Seeking refuge in the mountains, he meets Kalimpong, a monk of great wisdom, who awakens Sankalp’s inner potential. As his mind evolves, Sankalp becomes a ‘mind-traveller’ – a warrior monk on a quest for peace amidst treachery, conspiracies, and ancient wisdom. A blend of adventure, philosophy, and mysticism, this fable explores themes of fate, self-discovery, and spiritual transformation. Available now for readers seeking an inspiring tale of resilience and inner strength.

    Bhavana Atmakuri

    Bhavana Atmakuri is a passionate author dedicated to making a positive impact through her writings. She has authored several books, including “50 Inspiring Quotes From The Life Of Vijay Deverakonda”, which features 50 thought-provoking quotes that highlight the wisdom, determination, and humility of the popular actor, inspiring readers to pursue their dreams with passion. Bhavana’s debut book, “Impactful Quotes”, earned her the International Excellence Award 2024 from Exceller Press, recognizing her achievements as a female writer. Additionally, she has written “The 2 Touching Stories” and “The Life of 4”, both of which captivate and engage readers with compelling narratives. Bhavana’s journey as an author was sparked by her admiration for Vijay Deverakonda and the film World Famous Lover, which centers around the life of an author.

    Shreya Talwar

    Shreya Talwar is a bestselling author and blogger known for her emotional and thought-provoking writing. Her latest novel, Beyond Royalty, explores the depth of love, while her non-fiction works, The Hidden Gems and Weaving Emotions, focus on human connections and emotional well-being. Both Beyond Royalty and The Hidden Gems became number one bestsellers on Amazon. Shreya’s writing, praised by media outlets like ANI and Zee5, aims to inspire positivity. Influenced by her mother and her experiences as an Army officer’s daughter, she brings deep insight into human relationships. Writing under the pen name Shreya Talwar, she began her literary career as Ms. Aman Talwar.

    Kamal H Muhamed

    Daring Prince Truth Revealed is Kamal Muhamed Virgoan’s powerful memoir, tracing his life from his birth on September 8, 1964, in Cannanore. Growing up under the control of parents who forced their ambitions onto him, Kamal faced constant pressure to conform. By age 15, he took a bold stand to pursue his own path, enduring hardship and dark times to follow his dream of becoming a humanitarian. Known for his pivotal role in OPERATION RAHAT’s 2015 mass evacuation, Kamal is now dedicated to social work. His book, nominated for the 2025 Sahitya Sparsh Awards, offers inspiring advice to young entrepreneurs: embrace risk, learn, and persist.

    Neeraj Singhvi

    Neeraj Singhvi, author of Temple of Destiny, Write a Million Dollar Book in 10 Days, Sunshine for the Human Soul, and more, is a multifaceted writer, poet, life coach, and business owner with 28 years of corporate experience. A marketing strategist by day and writer by night, Neeraj graduated from St. Xavier’s College, Kolkata, and holds a Master’s in Management. A Cost & Management Accountant, he aims to inspire others to write impactful books and transform their lives. Known for his insights, like “faith in oneself is greater than any faith on earth,” he champions book writing and self-improvement.

    V.S.Sury

    V.S. Sury, an 80-year-old retired electrical engineer from Karnataka, graduated in 1967. A lifelong bachelor residing in Kolar, he found a passion for writing after retirement. His debut novel, Jestus, came out in 2010, followed by a sequel, Jestus on Rampage, the non-fiction Parallels, and an award-winning short story collection, Impossible Tales. His fifth book, Fentoscience, earned him the Sahitya Sparsh Award in 2024. Known for his reclusive lifestyle, Sury enjoys reading and deep contemplation, finding fulfillment in quiet reflection on life’s mysteries.

    Nepal Singh Thakur

    Nepal Singh Thakur, hailing from Sehore district in Madhya Pradesh, grew up in a rural, agrarian family and holds an M.A. in Sociology. With five years of experience as a principal in a private school, he now runs an education-related business and has ventured into writing. His book, Apna Safar, sheds light on the reasons why students, despite being educated, often struggle to achieve success. Through this work, Nepal Singh aims to guide students in recognizing their potential, making effective use of time, and fostering a positive outlook to excel in life. The book has been published by Astitva Prakashan. This inspiring book is a roadmap for students, helping them navigate challenges and reach new heights of success.

    Dr. Kushalin Sarma

    Dr. Kushalin Sarma is a visionary scientist at DRDO, an innovative entrepreneur, and a former award-winning automotive designer. His career spans science, technology, and business, with notable contributions to the automotive industry in prototype design. Known for his groundbreaking research in spacecraft propulsion and robotic landmine detection, Dr. Sarma co-founded KRA Group Pvt. Ltd., developing impactful applications like GOODEV and ZLNK. A PhD holder from IIT Kharagpur, he is also an inspiring speaker. His varied interests—from circuit racing and music production to fiction writing and esports—underscore his dynamic personality and commitment to pushing boundaries.

    Kabir Bedi

    Kabir Bedi is an Indian actor and author, renowned for his work in both Bollywood and international cinema. Born on January 16, 1946, he gained global fame with roles in Octopussy (1983) and the TV series The Bold and the Beautiful (1985-1986). Known for his commanding screen presence, Bedi has appeared in films across multiple languages, including Hindi, English, and Italian, with notable roles in Khoon Bhari Maang (1988) and Taj Mahal (2017). He is also the author of his memoir “Stories I Must Tell,” reflecting on his remarkable career and personal journey.

    These ten renowned authors are not just creating exceptional works of literature; they are shaping the future of storytelling and influencing the cultural dialogue of our time.

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  • Lavleen Kaur’s Diet Insight Rebrands as Santushti Holistic Health, Expanding Its Approach to Wellness

    Lavleen Kaur’s Diet Insight Rebrands as Santushti Holistic Health, Expanding Its Approach to Wellness

    Chandigarh [India], November 16: Chandigarh-based Diet Insight, a well-known diet and nutrition clinic founded in 2014, has rebranded itself as Santushti Holistic Health and Healing Clinic. Under the leadership of Lavleen Kaur, a highly regarded dietitian and wellness expert from Chandigarh, the clinic has expanded its services to offer a more comprehensive approach to holistic health.

    Lavleen Kaur, the founder and head of the clinic, expressed her thoughts on this transformation, stating, “The decision to rebrand shows our commitment to addressing wellness in a broader and deeper sense. Over the years, we have seen that true health is not just about following a diet plan but about achieving balance in the body, mind, and soul. Santushti is about creating that balance and helping our clients live more fulfilling lives.”

    The clinic’s evolution goes beyond diet planning and incorporates a wide range of services aimed at treating the root causes of health issues. These include personalized nutrition plans, Panchakarma therapies, Ayurvedic herbal treatments, yoga, mental health counselling, physiotherapy, natural detox programs, and stress management solutions. This integrative approach addresses various health challenges, such as weight management, digestive problems, hormonal imbalances, and chronic conditions.

    Jagandeep Singh, Director of Operations at Santushti, highlighted the broader vision of the clinic. He said, “Rebranding to Santushti is more than a name change, but our goal is to be a one-stop destination for holistic wellness. Our name, ‘Santushti,’ which means contentment, represents what we strive to bring to every client’s life. By combining modern practices with traditional therapies, including Ayurveda and herbal solutions, we are offering solutions that are both effective and sustainable.”

    Although the clinic has been rebranded, the educational division, Diet Insight Nutrition Academy, will continue to operate under its original name. The academy offers a range of online nutrition courses designed to empower aspiring nutritionists and health professionals with the knowledge and skills to heal others through the transformative power of nutrition.

    The clinic continues to operate from its Chandigarh location while also catering to clients worldwide through online consultations via its official website, www.santushtibylavleen.com. This allows Santushti to provide its services beyond geographical limitations, ensuring that more people can access its personalized and integrative health solutions.

    Lavleen Kaur, who has been at the forefront of promoting sustainable and practical health practices, emphasised the importance of making wellness accessible to all. “Our approach remains rooted in science but is enriched by the wisdom of traditional therapies. The idea is to help people heal from within without extreme measures or deprivation. This philosophy has always been at the core of what we do, and Santushti embodies it fully,” she said.

    Diet Insight has built a reputation as a reliable destination for nutritional counselling and lifestyle management. With this rebranding, the clinic is now positioned as a leader in holistic health, combining innovative practices with traditional methods to create a comprehensive wellness experience.

    Santushti Holistic Health and Healing Clinic is poised to redefine wellness by integrating mental, physical, and emotional health solutions under one roof, aiming to empower individuals to embrace healthier lifestyles that last a lifetime.

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  • Ingersoll Rand India Appoints Sunil Khanduja as Managing Director

    Ingersoll Rand India Appoints Sunil Khanduja as Managing Director

    New Delhi [India], November 16: Ingersoll Rand, a global leader in mission-critical flow creation and industrial technologies, has announced a strategic executive leadership role enhancement aimed at strengthening the company’s capabilities and advancing its long-term growth strategy. This leadership change is expected to fortify Ingersoll Rand’s mission to create value for employees, customers, and communities across India.

    The Company’s Board of Directors has appointed Mr. Sunil Khanduja as the Managing Director for Ingersoll Rand (India) Limited for a five-year term from November 12, 2024, to November 11, 2029. He will be leading a complete Compression Systems & Services business in India.

    Prior to this, he served as the Business Head for one of the key verticals in Ingersoll Rand India and also managed Ingersoll Rand EMEIA (Europe, Middle East, India, and Africa) Operations as Director of multiple global manufacturing locations and warehouses. In these roles, he significantly contributed to business growth, supply chain and operational excellence.

     

    Rand

    His strategic vision, ownership mindset, and unwavering focus on delivering results align with organizational goals to make life better for our customers and employees while maximising shareholder value.

    Commenting on his appointment, Sunil Khanduja said, “Our ‘in the region, for the region’ approach is closely aligned with global Ingersoll Rand’s strategy. By focusing on local innovation and customer needs, we aim to drive growth in India while contributing to our broader organizational goals.”

    About Ingersoll Rand

    Ingersoll Rand is dedicated to enhancing the lives of its employees, customers, and communities through mission-critical industrial solutions. With multiple reputable brands under its portfolio, Ingersoll Rand offers cutting-edge, technology-driven expertise in flow creation that thrives in the most challenging environments. Ingersoll Rand’s commitment to productivity, efficiency, and customer service creates customers for life.

  • Devidas Shravan Naikare: Blending Business Success with Spiritual Wisdom

    Devidas Shravan Naikare: Blending Business Success with Spiritual Wisdom

    New Delhi [India], November 15: Mr. Devidas Shravan Naikare is a well-known name in both business and spirituality. He is one of India’s top coaches who teaches people how to succeed in business while also focusing on their minds and spirit. He started his own company, Devidas Group of Companies, and has become famous for mixing smart business skills with spiritual knowledge. With 17 years of experience, his work shows how combining business strategies with mental training and spirituality can lead to success. He is also the author of 12 insightful books.

    Having learned from five esteemed Gurus, Mr. Naikere’s teachings are deeply rooted in spiritual growth and personal transformation. This unique combination of spiritual knowledge and business expertise allows him to coach professionals in a way that helps them grow both in their careers and personal lives.

    Mr Naikare’s coaching approach is unlike traditional business training. He empowers individuals by focusing not just on business functions but also on the mental well-being of professionals. By teaching how to foster a positive mindset, he helps businesses achieve rapid and sustainable growth, with an emphasis on both the outer world of work and the inner world of peace.

    Mr Naikare has been honoured with 30 prestigious national awards in his career. Some of the awards are the Young Entrepreneur Award in 2022, the Maharashtra Business Icon Award in 2023, and the Shri Mahatma Gandhi National Honor Award in 2023. These awards honor his great work in business and helping people spiritually.

    For Mr. Naikare, success isn’t limited to business growth alone. He emphasises holistic development, teaching individuals how to find balance in key areas of life such as relationships, health, wealth, happiness, and mental peace. His coaching fosters transformation, guiding people towards a fulfilling and prosperous life.

    In Maharashtra, Mr. Naikare’s influence is seen in various businesses, where his coaching has led to exponential growth. By helping professionals adopt efficient systems and practices, he creates a roadmap for success that goes beyond traditional business models, showing how spirituality and professional success can go hand in hand.

    Mr. Naikare’s journey is not just about personal success. It’s about uplifting others and sharing his knowledge for the greater good. His teachings go beyond the business world, aiming to inspire individuals to live balanced, purposeful lives that contribute to their communities and society.

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  • Asian Granito India Ltd reports Consolidated Net Sales of Rs. 384 crore in Q2FY25

    Asian Granito India Ltd reports Consolidated Net Sales of Rs. 384 crore in Q2FY25

    Ahmedabad (Gujarat) [India] November 15: Asian Granito India Limited (AGL), one of the largest Luxury Surfaces and Bathware Solutions brands in the country has reported improved operational and financial performance during Q2 and H1 of FY 2024-25 ended 30th September 2024.

    Financial Highlights (Consolidated)

    Q2 FY25 Q2 FY24 Y-O-Y H1

    FY25

    H1

    FY24

    Y-O-Y
    Net Sales (Rs. Cr) 383.7 400.9 -4% 726.9 735.7 -1%
    EBITDA (Rs. Cr) 15.6 21.1 -26% 32.2 36.3 -11%
    EBITDA Margin (%) 4.1% 5.3% -120 bps 4.4% 4.9% -50 bps
    Net Profit (Rs. Cr) 4.7 -2.8 268% 5.0 -6.3 179%
    Net Profit Margin (%) 1.2% -0.7% 190 bps 0.7% -0.9% 160 bps

    Consolidated Highlights: – Q2FY25 Results

    The Company has reported a consolidated net profit of Rs. 4.7 crore for the Q2FY25 ended 30th September 2024 as compared to the net loss of Rs. 2.8 crore for Q2FY24. Consolidated Net sales of the company in Q2FY25 was reported at Rs. 384 crore as against net sales of Rs. 401 crore in Q2FY24. EBITDA for Q2FY25 stood at Rs. 15.6 crore (EBITDA Margin 4.1%) as against EBITDA of Rs. 21.1 crore (EBITDA Margin 5.3%) in Q2FY24, decline 1.2% Y-o-Y. Exports for the Q2FY25 was reported at Rs. 77 crore, rise of 26% Y-o-Y as compared to export of Rs. 61 crore in Q2FY24.

    Commenting on the results and performance, Mr. Kamlesh Patel, Chairman and Managing Director said, “Despite challenges like raw material cost fluctuations, export policies and intense competition impacting the business and margins, company has reported satisfactory set of numbers for Q2 and H1 FY25. We are steadfast on our commitment to achieve total revenue of Rs. 6,000 Crores. Strategic initiatives like 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.”

    Financial Highlights (Standalone)

    Q2 FY25 Q2 FY24 Y-O-Y H1

    FY25

    H1

    FY24

    Y-O-Y
    Net Sales (Rs. Cr) 322.7 341.4 -5% 600.0 634.1 -5%
    EBITDA (Rs. Cr) 10.1 20.6 -51% 23.3 36.5 -36%
    EBITDA Margin (%) 3.1% 6.0% -290 bps 3.9% 5.8% -190 bps
    Net Profit (Rs. Cr) 2.2 8.4 -74% 6.9 14.1 -51%
    Net Profit Margin (%) 0.7% 2.5% -180 bps 1.2% 2.2% -100 bps

    Standalone Highlights: – Q2 FY25 Results

    The Company has reported a standalone net profit of 2.2 crore for Q2 FY25 ended 30th September 2024 as compared to the net profit of Rs. 8.4 crore in Q2FY24. Standalone net sales for the second quarter of FY24-25 reported de-growth of 5% to Rs. 323 crore as against net sales of Rs. 341 crore in Q2 FY23-24. EBITDA for Q2 FY25 stood at Rs. 10.1 crore (EBITDA Margin 3.1%) as against EBITDA of Rs. 20.6 crore (EBITDA Margin 6.0%) in Q2 FY24.

    Pursuant to the National Company Law Tribunal order dated 25 October 2024 company has conveyed meeting of equity shareholders on 17 December 2024 for the purpose of considering, and if though fit, approving the proposed Composite 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 and AGL Industries Ltd and their respective Shareholders and Creditors. Company had earlier received “No Objection” letter from stock exchanges – Bombay Stock Exchange and National Stock Exchange for the proposed demerger.

    Company board on 15 October by way of passing circular resolution has approved allotment of 47.14 lakh equity shares on conversion of an equal amount of warrants at an issue price of Rs. 48.15 per share (including a premium of Rs. 38.15 per share) to person belonging to the Promoter / Promoter- Group Category, on preferential basis, upon receipt of the amount aggregating to Rs. 17.02 crore. On 8th October, company board allotment of 77.82 lakh equity shares on conversion of an equal amount of warrants to person belonging to non-promoter group at Rs. 48.15 per share upon receipt of the amount aggregating to Rs. 28.10 crore. Promoter Group holding in the company as on 15 Oct 2024 stands at 29.80%.

    With its in-house manufacturing capacity and robust R&D team, the company has recently launched a new range of 60 products in kitchen and bathware to its extensive catalogue thereby expanding their SKUs.  The company has established a 0.66 million pieces per annum cutting-edge tech plant at Morbi, Gujarat for bathware products, marking a significant shift from third-party sourcing to internal manufacturing.

    Business Highlights

    • Exports for Q2 FY25 at Rs. 77 crores; Exports for H1 FY25 at Rs. 127 crores
    • Meeting of equity shareholders on 17 December for the purpose of considering, and if though fit,
      approving the proposed demerger amongst Asian Granito India Ltd and other entities
    • Approved allotment of 47.14 lakh equity shares to promoter group and 77.82 lakh equity shares to
      non-promoter group on conversion of equal amount of warrants at an issue price of Rs. 48.15 per
      share
    • Company recently launched a new range of 60 products in kitchen and bathware expanding SKUs
    • Company signed renowed Bollywood star Ranbir Kapoor as brand ambassador and launched
      campaign “Premium ka Pappa”
    • Company signed renowed Bollywood actress Vaani Kapoor for its Bonzer7 brand

    Highlights: – H1FY25 Results

    For the six months ended September 2024 (H1FY25), on the consolidated basis, company has reported a net profit of Rs. 5.0 crore, EBITDA of Rs. 32.1 crore and net sales of Rs. 727 crore.

    On Standalone basis, the company has reported a net profit of Rs. 6.9 crore, EBITDA of Rs. 23.3 crore and net sales of Rs. 634 crore.

    Asian Granito India Ltd

    About AGL

    Established in the year 2000, 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, Bathware 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 Strength of more than 400 field force.

    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 277 plus exclusive franchisee showrooms, 13 company owned display centres across India. Further, the Company has an extensive marketing and distribution network pan India with 18,000 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 visitwww.aglasiangranito.com)

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  • The Rising Need for Insurance in Gated Communities in India – Ethika Leads the Way Forward

    The Rising Need for Insurance in Gated Communities in India – Ethika Leads the Way Forward

    New Delhi [India], November 15: As India undergoes rapid urbanisation, gated communities have become increasingly popular for their secure, community-focused environment. However, rapid urbanisation is also leading to challenges to the safety and security of the residents. The onus of such safety, especially from outsiders, falls on the shoulders of society’s management. Susheel Agarwal, Founder of Ethika Insurance broking, emphasises the need for specialized insurance policies tailored for gated communities to address such challenges and ensure a safe, harmonious living environment.

    “India is transforming into an urban society, and gated communities offer a secure lifestyle that resonates with urban residents. However, they also bring complex needs that traditional insurance policies struggle to meet,” says Susheel Agarwal. “At Ethika, we have developed insurance solutions along with multiple insurance companies designed specifically for the evolving requirements of such communities. Our solutions ensure the protection of not only the residential areas but also the common ones. More importantly, we have tailored solutions that can protect the society’s management.”

    Addressing the Unique Needs of Gated Communities

    Unlike individual homeowners, gated communities require policies that cover common spaces, infrastructure, and shared assets. Traditional insurance products often fail to address issues arising from shared ownership, such as liabilities arising in common areas, unexpected damage, and heightened security risks due to rising crime rates in urban neighborhoods. Ethika’s approach provides comprehensive protection that encompasses all aspects of community living, mitigating potential risks and ensuring peace of mind for residents.

    Susheel Agarwal explains, “Our solutions extend beyond the standard policies. We aim to cover every facet of a gated community’s needs, including liability coverage for the community’s management, protection for shared assets like clubhouses and pools, personal accident coverage for security staff and employers liability for the community’s management. Our vision is to ensure that the communities we serve can focus on thriving without worrying about unexpected setbacks.”

    Solutions to Common Challenges in Gated Communities

    One pressing issue is liability in shared spaces. Accidents in common areas, disputes over property damage, and injuries involving maintenance staff or third-party vendors can become complicated legal and financial challenges. Ethika’s insurance solutions address these liabilities by covering potential disputes and legal costs, ensuring smooth resolution for the community.

    Furthermore, Ethika offers customizable insurance plans that address the unique concerns of each gated community, such as natural disaster protection, fire insurance, group health insurance and personal accident insurance for staff. By offering specialized plans, Ethika enables communities to tailor their coverage to align with specific needs and budgets.

    An Urban Shift in Living, A New Standard in Security

    India’s move towards urban living has accelerated the adoption of gated communities. With this shift comes a greater demand for robust risk management. Ethika’s comprehensive insurance offerings ensure that residents feel safe, and community management can confidently address challenges without risking financial losses.

    “Our goal is not just to provide insurance but to foster a peaceful, well-protected environment where community residents and management teams feel supported,” Agarwal adds. “Ethika’s specialized policies are designed to bring real value to gated communities, enabling them to flourish in a rapidly urbanizing India.”

    About Ethika Insurance Broking Pvt. Ltd.

    Susheel Agarwal founded Ethika on a commitment to ethical, customer-first insurance practices; Ethika Insurance Broking has emerged as a leader in providing customised insurance solutions across India. By offering innovative and flexible coverage plans, Ethika continues to redefine insurance, making it accessible and meaningful for a diverse range of clients, including gated communities, corporations, and individual customers.

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  • KLM Axiva Finvest To Raise Up to Rs 10,000 Lakhs Through NCD

    KLM Axiva Finvest To Raise Up to Rs 10,000 Lakhs Through NCD

    Kochi (Kerala) [India], November 14: KLM Axiva Finvest Limited has announced the Company’s eleventh public issue of secured redeemable Non-Convertible Debentures (NCDs) with a face value of ₹1000. The base issue size of the public issue size is ₹5000 lakhs with an option to retain oversubscription up to ₹5000 lakhs, aggregating up to ₹10,000 lakhs. The NCD issue opened on Thursday, 14th November 2024, and will be closed on Thursday, 28th November 2024.

    The NCDs offer ten different investment options for individual investors to choose from. Effective yield for various investment options is ranging from 9.92% p.a. to 11.30% p.a. The face value of NCDs is ₹1000, with multiple investment tenures ranging from 400 days to 79 months, and the minimum investment amount is ₹5,000.

    Investors can apply for NCDs through the company’s branches and the BSE online platform. Application forms are available at https://klmaxiva.com/ncd. All investors proposing to participate in the public issue of NCDs of KLM Axiva Finvest Limited should invest only based on information contained in the Prospectus. Please see the section entitled “Risk Factors” beginning on page 18 of the Prospectus for risk in this regard.

    “Entire funds raised through the NCD will be utilized for onward lending, financing, and repayment/prepayment of principal and interest on existing borrowings and general corporate purposes “, said Mr. T. P. Sreenivasan, Chairman, of KLM Axiva Finvest Ltd.

    Kindly contact us at +91-9961033333 for any further information regarding the Public Issue.

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