Category: Business

Bengaluru (Karnataka) [India], August 19: Spark PWM Private Limited (formerly known as Spark Family Office and Investment Advisors (India) Private Limited), or Spark Private Wealth Management, a subsidiary of Spark Capital Advisors (India) Limited, a two-decade-old mid-market investment banking and financial services firm today announced the inauguration of a new office at Prestige Emerald in Bengaluru’s Ashok Nagar. This move is part of Spark PWM’s ongoing expansion strategy to accommodate its rapidly growing team and to better serve its clients in the region.

Spark PWM has seen impressive growth over the past year, with its Assets Under Management soaring from INR 3,000 crores in April 2023 to over INR 20,000 crores today, thanks to its dedication to bespoke wealth management for Ultra HNI families across India.

This year, Spark PWM has earned top industry awards, including Best Boutique Wealth Manager – Rising Star (India) at The Asset Triple A Private Capital Awards 2024 and Emerging Wealth Manager (India) at The Twelfth Annual WealthBriefingAsia Awards 2024, solidifying its status as one of India’s fastest-growing financial services firms.

On the occasion of Bengaluru’s new office inauguration, Arpita Vinay, MD & Co-CEO, Spark PWM said, “Our expansion in Bengaluru is a direct result of our impressive growth in AUM and team size. As a crucial market for us, this new office will enhance our ability to offer tailored strategies and exceptional support to our clients in the region. This milestone marks a key step in our journey to becoming a leading private wealth management firm in India.”

Kishore Rijhwani, Senior Director, Spark PWM added, “Bengaluru office will continue Spark PWM’s tradition of offering top-tier solutions through its open-architecture platform. This new location would enable the Ultra HNI families from the southern region to easily access our multi-family office proposition, which includes a comprehensive suite of services such as portfolio monitoring, investment management, estate planning, and tax services. We aim to bring our best-in-class services closer to our clients.”

The company’s growth trajectory has also led to a significant expansion of its team. From just 60 members in April 2023, Spark PWM has grown to over 300 members today, including more than 130 highly skilled Relationship Managers. This expansion highlights the company’s commitment to attracting top talent and delivering best-in-class wealth management services.

As part of its ambitious expansion plan, Spark PWM has extended its geographical footprint across India since last year and plans to expand to international markets. From a single office in Chennai, the company has expanded to key cities, including Mumbai, Delhi, Kolkata, Ahmedabad, Pune, Hyderabad, and Bengaluru, with a provision for servicing clients in satellite locations.

About Spark PWM 

Spark PWM Private Limited (formerly known as Spark Family Office and Investment Advisors (India) Private Limited), is a subsidiary of Spark Capital Advisors (India) Limited. The company extends the core DNA of Spark Capital – Knowledge, Integrity, Trust & Transparency – to help Affluent Families, Business Owners / Promoters, Family Offices, New Age Entrepreneurs and CXOs to navigate a world full of opportunities and risks. Spark PWM offers products and services designed to help them seamlessly create, preserve, and transition their wealth across their generations. The offerings are backed by a robust Investment Policy Framework which is backed by research and superior execution to pick future winner ideas well ahead of our competition.

Mumbai (Maharashtra) [India], August 17: Unclaimed investments are one of the biggest, silent worries in the area of financial management. A joint estimate of unclaimed assets in India is collectively estimated at ₹5,79,788 crores, including in value ₹3,78,000 crores in physical shares, ₹35,770 crores in mutual funds, ₹5,454 crores in unclaimed dividends, ₹28,800 crores in IEPF holdings, ₹62,225 crores in bank deposits, ₹48,000 crores in unclaimed provident funds, and ₹21,539 crores in unclaimed insurance policies. They definitely make an effective case. Share Samadhan, under the guidance of promoter Abhay Chandalia and Strategy Head Chaman Chandalia, has emerged as a pioneer in this domain, leveraging innovative strategies to address and resolve the issue of unclaimed investments.

The Scale of the Problem

The runaway market of unclaimed investments across India reflects a very critical chasm in the realm of finance management and awareness. This problem arises from a lack of documentation, change of contact addresses, neglect, and even death of investors. The cumbersome process of reclamation, coupled with red tapism, makes the whole process of claim, in fact, very challenging, which in turn leaves the rightful owners or their heirs fighting for their dues.

Share Samadhan’s Approach

Share Samadhan had come up with a flexible and proactive approach.Their strategy is based on a profound understanding of the issues involved and a commitment to making maximum use of technology, legal knowledge, and personal service.

• Proper Documentation and Record-Keeping: Share Samadhan is documentation-hungry. They help the client keep high standards of records when it comes to the investments they have going on, with all factual information updated, current, and on the table for easy access. This type of preparedness/documentation goes a long way toward ensuring that investments are kept in sight; the chances of losing them are greatly reduced.
• Advanced technology: It is the prime mover in Share Samadhan. These include the use of modern software and databases to keep records and manage unclaimed investments. Moreover, these can act as a great helper for communicating with the available online portals and tools from regulatory bodies like the IEPF Authority and IRDAI, making way for the easy identification and reclamation of unclaimed assets.
• Legal Expertise and Navigational Support: Share Samadhan’s in-house team of legal experts is an invaluable treasure for the organization and its clients. Their expertise paves the way for smooth and streamlined recovery, relieving investors of cumbersome steps.
• Personalized Client Service: Share Samadhan offers user-specific services considering the fact that each of the persons contacting it is an individual. For example, it offers a one-to-one consultation where a person receives a guide on their journey to recovery and is helped with any specific issues of concern they may have.

 Success Stories and Impact

Evidently, the innovative adaptive approach of Share Samadhan has brought in results. Over ₹600 crores of investments have already been delivered back. Such a delivery of recovered assets surely brings relief; security and happiness come back to the lives of the investors along with their family members. Share Samadhan helps convert dead or unclaimed investments into live assets for both personal stability and health of the economic system.

The Future of Unclaimed Investment Recovery

Looking ahead, Share Samadhan continues to innovate and fine-tune their approach toward unclaimed investment recovery. In the same breath, their commitment to education and raising awareness becomes important to see that investments do not become unclaimed in the first instance.

It is a mammoth and intricate problem, but one which can easily be managed and resolved with the correct approach. Share Samadhan’s innovative and adaptive strategies present a strong solution to this, ensuring the reclamation of investments and that they are returned to rightful owners. Share Samadhan not only services a growing market for unclaimed assets, but it sets a new standard for proactive financial management with detailed documentation, technological integration, legal expertise, and personal service. Successful stories recount how professional help is key in finding the way amidst the difficult path of unclaimed investments to be able to bring financial security and peace of mind to many more people and families.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investing in stocks involves risk, and past performance is not indicative of future results. Readers should conduct their own research or consult with a qualified financial advisor before making any investment decisions.

New Delhi August 17: TCR, short for The Crypto Retriever, is a specialized firm dedicated to helping individuals recover lost digital assets. Known for their unwavering commitment to security and customer satisfaction, TCR has rapidly established itself as a leader in the crypto wallet recovery service industry. With a strong track record, the company has successfully recovered over 500 wallet passwords, restoring more than $3.5 million in cryptocurrencies for over 300 clients.

The mission of TCR is clear: to provide critical support to those who have lost access to their digital wealth due to technical mishaps or insufficient knowledge of cryptocurrencies. Their services encompass a broad spectrum of recovery solutions, including recovering Bitcoin wallet passwords, fixing invalid mnemonic phrases, restoring lost mnemonic seeds, recovering hardware wallets, and blockchain wallet recovery. TCR’s team of experts is deeply committed to maximizing recovery outcomes for every client.

Sameer Ansari, the founder of TCR, expressed his pride in the company’s achievements: “We are incredibly proud of what TCR has accomplished. The positive impact we’ve made on our clients’ lives is a true reflection of our dedication to excellence, security, and ensuring complete customer satisfaction. We look forward to continuing our mission of helping individuals regain access to their valuable cryptocurrencies.”

Security is at the core of TCR’s operations. The company employs cutting-edge security protocols to protect sensitive client information and ensure the utmost protection of their digital assets.

In Hanoi, Vietnam, a man named Bao, well-known for his expertise in crypto marketing, faced a significant challenge. Back in 2016, Bao had successfully amassed 7.3 BTC through his sharp marketing strategies and was confident in his financial future. Unfortunately, his success took an unexpected turn when he accidentally uninstalled his blockchain wallet app. Upon reinstalling it, Bao realized he could not remember the password needed to access his funds.

As time passed, Bao’s financial situation deteriorated due to unsuccessful investments and risky futures trading, leaving him in substantial debt of $156,000. Desperate to recover his lost Bitcoin, Bao tried every method he could think of, but nothing worked.

One day, while searching online for solutions, Bao discovered a video by The Crypto Retriever titled “How to Recover Bitcoin Wallet Password.” The video detailed various techniques for recovering lost wallet passwords. Bao followed the instructions carefully, hoping to unlock his wallet. However, despite his efforts, he was unsuccessful.

TCR’s story is filled with successful recoveries like Bao’s, as they have helped numerous individuals regain access to their lost crypto assets. With their unparalleled expertise and dedication, TCR continues to make a significant difference, enabling people to reclaim control of their financial futures through their top-tier crypto wallet recovery services.

Links:

https://thecryptoretriever.com/

https://www.youtube.com/@TCRetriever

New Delhi [India], August 17: Innovative energy drink brand co-founded by Atharve Malviya, Shivang Sagwaliya, and Sujal from Garoth, Valour Beverages, today announced a successful raise of $250,000 from MBT Ventures. This strategic investment will enable Valour to expand its market reach and accelerate its product development efforts.

Valour Beverages and MBT Ventures intend to make healthier beverage options with use of zero sugar and authentic ingredients available to health conscious customers. The partnership will see Valour Beverages use MBT Ventures’ extensive experience and financial support to redefine the beverage market with premium offerings. Valour Beverages are awaiting a grand launch by the end of this year.

“Valour Beverages sees a real opportunity to deliver premium offerings for our health-conscious customers,” noted the Valour Beverages Co-Founder Atharve Malviya. “

“We intend to bring a fresh perspective and entrepreneurial spirit to our brand with premium energy drinks with exotic and mocktail-inspired flavors, aiming to become a market leader by catering to the health-conscious customer. MBT Ventures is a renowned London-based company creating tomorrow’s legacy today. With a portfolio worth $60 million across 12+ projects, MBT Ventures has a proven track record of identifying and nurturing high-potential ventures. We believe their strategic investment highlights their confidence in our brand’s vision and growth potential. MBT Ventures’ financial backing can help our brand get closer to becoming a market leader,” said Shivang Sagwaliya, the Co-Founder of Valour Beverages.

While energy drink alternatives have been available to health-conscious consumers for some years now, a huge fraction of the consumers have yet to have access to premium energy drinks with mocktails and exotic-inspired flavors. The strategic investment secured by Valour Beverages from MBT Ventures opens the door for more enjoyable and energizing health product development efforts. The health-conscious customers’ will have access to a unique and invigorating flavored energy drink experience without compromising health.

Sujal, who is also the Co-Founder of Valour Beverages, added, “We will bring drinks of premium quality crafted with genuine ingredients and zero sugar to our health-conscious customers at compelling prices. Health-conscious customers can expect to enjoy the highest standards of quality and taste in our range of energy drinks. We are entering this market in a strategic partnership with MBT Ventures, with long-term plans to expand our market reach and cater to the growing demand for healthier beverage options. Listening to our customers’ needs, we are confident that this will be the seed of the brand’s unique proposition, not just a brand launch.”

Health-focused drink alternatives have grown significantly over the last ten years. Sources have estimated that the health drink market will grow at a CAGR of 4.23 percent over the next five years.

“Valour Beverages and MBT Ventures will create a strong brand presence and execute comprehensive marketing strategies to reach a wider audience,” said Atharve Malviya, the Co-Founder of Valour Beverages. “As our team prepares for the official launch, we are pleased to have an infusion of capital from MBT Ventures and believe the investment will play a crucial role in enhancing our product offerings and propelling our brand to new heights,” he finished.

 

Mumbai (Maharashtra) [India], August 15: Established by Deshbandhu Kagzi in the year 1970, the SHRIJEE brand started as a leader in blouse fabrics, well known for its 2×2 Rubia. This commitment to innovation and quality was furthered by his son, Brijendra Kagzi, who expanded the company’s footprint across India and international markets like the UK, EU, Middle East & Latin America. Shrijee Lifestyle Group has become a recognized force in shirting, women’s wear, and kids’ wear, and it is known for its value-added and digitally printed fabrics.

Brijendra Kagzi, Chairman & Managing Director of Shrijee Lifestyle Group continues to steer the Group towards new heights, backed by a New Dynamic Team led by his elder son, Abhay Kagzi, and supported by his younger son, Krishang Kagzi. This new generation is energizing the company by leveraging Shrijee’s core strengths and loyal customer base, while harnessing modern tools like AI (Artificial Intelligence) and analytics to drive growth.

Shrijee Lifestyle Group achieved a turnover of Rs.400 crore in 2023-24, which is expected to reach Rs. 500 crores in 2024-25. The Gen Z leadership has charted a roadmap to achieve Rs.1200 crore turnover for the Group by 2030, focusing on expanding the product portfolio while continuing to grow the reach of the company’s established brands across India and abroad. These brands include ‘Shrijee’ – Blouse & fancy ladies wear fabrics, ‘Avant Moda’ – High-end digital printed and piece-dyed shirting and suiting for men & women, ‘Cranberry’ – Creative shirting and kurta fabrics, ‘Gizanni’ – Pure Giza yarn-dyed and piece-dyed fabrics and ‘Linen Villa’ – Pure linen and innovative Lyocell linen blends.

“Shrijee Lifestyle Group is synonymous with quality, consistency, and reliability,” stated Abhay Kagzi. “We see this as the perfect time to scale up and establish Shrijee as a global leader in the fabric industry, particularly for large garment houses and leading fashion brands. AI will be a crucial driver of our accelerated growth, helping us position Shrijee as a dominant force in a sector poised for double-digit growth over the next decade.”

For further information, please contact: info@shrijeelifestyle.com

Mumbai (Maharashtra) [India], August 15: Established by Deshbandhu Kagzi in the year 1970, the SHRIJEE brand started as a leader in blouse fabrics, well known for its 2×2 Rubia. This commitment to innovation and quality was furthered by his son, Brijendra Kagzi, who expanded the company’s footprint across India and international markets like the UK, EU, Middle East & Latin America. Shrijee Lifestyle Group has become a recognized force in shirting, women’s wear, and kids’ wear, and it is known for its value-added and digitally printed fabrics.

Brijendra Kagzi, Chairman & Managing Director of Shrijee Lifestyle Group continues to steer the Group towards new heights, backed by a New Dynamic Team led by his elder son, Abhay Kagzi, and supported by his younger son, Krishang Kagzi. This new generation is energizing the company by leveraging Shrijee’s core strengths and loyal customer base, while harnessing modern tools like AI (Artificial Intelligence) and analytics to drive growth.

Shrijee Lifestyle Group achieved a turnover of Rs.400 crore in 2023-24, which is expected to reach Rs. 500 crores in 2024-25. The Gen Z leadership has charted a roadmap to achieve Rs.1200 crore turnover for the Group by 2030, focusing on expanding the product portfolio while continuing to grow the reach of the company’s established brands across India and abroad. These brands include ‘Shrijee’ – Blouse & fancy ladies wear fabrics, ‘Avant Moda’ – High-end digital printed and piece-dyed shirting and suiting for men & women, ‘Cranberry’ – Creative shirting and kurta fabrics, ‘Gizanni’ – Pure Giza yarn-dyed and piece-dyed fabrics and ‘Linen Villa’ – Pure linen and innovative Lyocell linen blends.

“Shrijee Lifestyle Group is synonymous with quality, consistency, and reliability,” stated Abhay Kagzi. “We see this as the perfect time to scale up and establish Shrijee as a global leader in the fabric industry, particularly for large garment houses and leading fashion brands. AI will be a crucial driver of our accelerated growth, helping us position Shrijee as a dominant force in a sector poised for double-digit growth over the next decade.”

For further information, please contact: info@shrijeelifestyle.com

New Delhi (India), August 13:  Toreto, the trailblazing audio technology brand honored as the ‘Most Promising Brand in the Audio Category’ at Device Next Summit 2023, today announced its strategic expansion into India’s rapidly growing car accessories market. This bold move aims to revolutionize the driving experience for millions of Indian motorists by offering premium audio and lighting solutions that seamlessly blend innovation, quality, and affordability.

Since its inception in 2014, Toreto has been a driving force in the audio industry, consistently delivering cutting-edge products that anticipate and exceed consumer expectations. The company’s remarkable success in mobile accessories has set the stage for this exciting venture into automotive technology, where Toreto is poised to bridge the long-standing gap between high-end performance and accessibility in car audio and lighting systems.

Market Dynamics and Growth Potential:

The Indian car accessories market is experiencing a period of unprecedented growth, fueled by a perfect storm of economic and social factors. Rising disposable incomes, coupled with an increasing rate of car ownership and a growing appetite for vehicle personalization, have created a fertile ground for innovation in this sector.

Recent industry reports paint a compelling picture of the market’s potential:

The Indian automotive accessories market, valued at approximately $8 billion in 2020, is projected to reach a staggering $18 billion by 2026. This represents a compound annual growth rate (CAGR) of over 14% during the forecast period, significantly outpacing many other sectors of the Indian economy. The in-car entertainment segment, which includes audio systems and car lighting, is expected to be one of the fastest-growing categories within this market.

“The car accessories market in India represents not just an opportunity, but a transformation in how Indians view their vehicles,” said Mr. ⁠Avi Gilhotra – Founder & Managing Director – Toreto Car Accessories. “Cars are no longer just a means of transportation; they’re becoming extensions of our personal spaces and expressions of our individuality. With the automotive sector rebounding strongly post-pandemic and consumers increasingly seeking to personalize their vehicles, we’re entering this space at an optimal time. Our proven track record in audio technology uniquely positions us to meet the sophisticated demands of both Indian car enthusiasts and everyday drivers.”

Toreto’s Competitive Edge:

By leveraging its established brand reputation and deep expertise in audio technology, Toreto is exceptionally well-positioned to capture a significant share of this burgeoning market. The company’s unwavering focus on marrying premium quality with affordability resonates strongly with the Indian consumer base, which has long sought high-performance products that offer genuine value for money.

“At Toreto, we’ve always believed that superior audio quality should be a standard, not a luxury,” emphasized Mr. Kashish Lalit – Co Founder & Director – Toreto Mobile Accessories & Audio Products. “Our entry into the car accessories market is a natural progression of our core mission: to ensure that no beat goes unheard, whether you’re at home, on the go, or behind the wheel. We’re not just selling products; we’re enhancing lifestyles and creating experiences.”

Revolutionary Product Line:

Toreto’s car accessories line is set to redefine the driving experience with a comprehensive range of innovative products meticulously designed to cater to the diverse needs of India’s vast and varied automotive market. From state-of-the-art sound systems that transform every journey into a private concert, to car lighting solutions that create the perfect atmosphere for any drive, each product in the lineup embodies Toreto’s unwavering commitment to excellence and user-centric design.

Key features of Toreto’s groundbreaking car accessories line include:

Premium Sound Quality: With its extensive audio technology expertise, Toreto brings concert-hall clarity to car interiors. Advanced sound staging techniques and custom-tuned speakers ensure an immersive listening experience that adapts to different music genres and personal preferences.

Innovative Lighting Systems: Toreto’s smart car lighting solutions go beyond mere aesthetics. With customizable color options and intelligent modes that respond to music and driving conditions, these systems enhance both the visual appeal and safety aspects of the vehicle interior.

Seamless Integration: Toreto has engineered its products for universal compatibility, recognizing the diverse range of vehicles on Indian roads. The accessories, from compact hatchbacks to luxury SUVs, are designed for easy installation and intuitive operation across various car models.

Durability and Reliability: Built to withstand the unique challenges of Indian driving conditions, including extreme temperatures and varied road quality, Toreto’s car accessories promise long-lasting performance without compromising on quality.

Affordable Luxury: Staying true to its core values, Toreto offers these premium features at competitive price points. This approach democratizes access to high-end car tech, allowing a wider segment of Indian consumers to enjoy a luxury driving experience.

Smart Connectivity: Embracing the digital age, Toreto’s products feature advanced connectivity options, including seamless smartphone integration, voice control capabilities, and compatibility with popular digital assistants.

Market Impact and Consumer Benefits:

The launch of Toreto’s car accessories line is pivotal in the Indian automotive landscape. As vehicle ownership rises and urban traffic challenges persist, consumers spend more time in their cars than ever before. This shift has intensified the demand for personalized, high-quality in-car experiences that can transform daily commutes and long journeys.

“Our extensive market research unveiled a clear frustration among Indian drivers with the limitations of stock audio and lighting systems,” explained Mr. Pankaj Narang – Chairman at Toreto. “We identified a significant opportunity to apply our expertise in creating compact, high-performance audio devices to the automotive space. The result is a line of products that will not just improve, but truly transform every drive into an extraordinary experience.”

Lifestyle Enhancement and Brand Philosophy:

Toreto’s expansion into car accessories aligns seamlessly with its overarching philosophy of promoting a balanced, enjoyment-filled lifestyle. In a world increasingly dominated by the “hustle culture,” Toreto recognizes the importance of creating moments of joy and relaxation in everyday life.

“We understand that in today’s fast-paced world, the time spent in one’s car should be more than just a transition between destinations,” added Mr. Avi Gilhotra. “It’s an opportunity for rejuvenation, enjoyment, and even creativity. Whether it’s through crystal-clear music playback that helps you unwind after a long day, or mood-enhancing lighting that energizes you for an important meeting, our products are designed to help drivers and passengers alike seize every moment and make the most of their journeys.”

This ethos is encapsulated in Toreto’s brand mantra of “Carpe Diem” – seizing the day and living life to the fullest. By extending this philosophy to the automotive space, Toreto is not just selling products; it’s offering an elevated lifestyle that resonates with the aspirations and values of modern Indian consumers.

Looking Ahead:

As Toreto continues to push the boundaries of innovation in personal and automotive audio solutions, the company remains steadfast in its commitment to its core values of quality, affordability, and user satisfaction. This latest venture into the car accessories market represents not just a new product line, but a bold step towards shaping the future of in-car experiences in India.

The new line of Toreto car accessories will be available through authorized dealers and select online platforms starting today. For more information about Toreto and its groundbreaking products, visit www.Toreto.com.

About Toreto:

Founded in 2014, Toreto has rapidly established itself as a leading innovator in the audio technology industry. Known for its premium yet affordable products that deliver exceptional sound quality, Toreto has consistently stayed ahead of market trends. From mobile accessories to car tech, Toreto is committed to enhancing the audio experience for all users, a dedication that has earned it accolades such as ‘Most Promising Brand in the Audio Category’ at Device Next Summit 2023.

For further Information

Keshav Bhardwaj

9899863898

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