Category: Business

  • Parimal Mehta: From IT Aspirations to Fashion Icon – The Journey of a Visionary

    Parimal Mehta: From IT Aspirations to Fashion Icon – The Journey of a Visionary

    From Business Roots to Fashion Dreams

    New Delhi (India) July 22 : Parimal Mehta’s journey is one of transformation and resilience. Born into a family where business and IT were the norms, Parimal’s early life was characterized by expectations to follow in his family’s footsteps. However, his heart was set on a different path—fashion and glamour. His passion for this field was evident from his college days when he would often skip classes to attend fashion shows and learn the ropes of the industry.

    A pivotal moment came when Parimal had the opportunity to train freshers at a L’Oreal Hair Awards event. In just 12 hours, he turned novices into professional models. This experience ignited his determination to establish his own academy and agency, setting the stage for a remarkable career in the fashion industry.

    Shaping Aspirations and Overcoming Challenges

    Parimal’s upbringing in a business-oriented family instilled in him strong values and ethics. His parents’ unwavering support and the values they embodied played a crucial role in making him headstrong and ambitious. Despite being shy and reserved during his early years, Parimal’s involvement in fashion gradually helped him overcome these personal challenges. He diligently worked under industry professionals, pushing himself beyond his comfort zone to achieve his dreams.

    The Birth of Blanckanvas Media Pvt Ltd

    In 2018, with immense support from his family, particularly his wife Riddhi Mehta, Parimal embarked on his professional journey by starting the Parimal Modelling Academy. By 2020, the academy had evolved into Blanckanvas Media Pvt Ltd, a company offering comprehensive marketing and glamour industry services. This venture aimed to organize the otherwise chaotic model training market, providing a structured environment for aspiring models to learn and grow.

    One of the significant challenges Parimal faced was transforming the unorganized glamour industry into a structured and professional domain. Through his academy, he introduced a holistic lifestyle and professional training program for models. With the help of industry experts, he successfully set a benchmark for such courses, transforming raw talents into polished professionals.

    Achievements and Milestones

    Parimal’s greatest achievement to date is establishing one of the leading institutes in fashion and glamour, recently affiliated with the India Business School of Washington. This affiliation allows his institute to offer extensive courses and career planning opportunities in Paris. With a national and global presence, Blanckanvas Media Pvt Ltd. has expanded to cities like Mumbai, Bangalore, Hyderabad, Indore, and Delhi, with plans to venture into the UAE.

    Current Projects and Future Vision

    Blanckanvas Media is currently working on various segments, including education, digital and media marketing, brand association, and talent management. One of the projects Parimal is particularly excited about is “OMG Face of The Year,” a platform aimed at youth from tier 2 and 3 cities. The success of the first two seasons has paved the way for this initiative to have a global impact, inspiring young talents to enter the glamour industry.

    Looking ahead, Parimal envisions a bright future for the glamour industry, with young talents continuously emerging. He plans to establish a national presence across different cities, creating new training institutes and exploring international markets, with the UAE being a key focus. His goal is to see Blanckanvas Edu remembered as India’s biggest academy in the fashion school sector.

    Personal Reflections and Advice

    Parimal credits his inspiration to the Times of India and their evolution of the fashion industry through Femina Miss India. Staying motivated through challenges, he believes in the power of consistency and embracing failures as stepping stones to success. His advice to aspiring individuals in his field is simple: “Do your homework well.”

    Despite his demanding career, Parimal finds balance by spending quality time with his family and indulging in his passions for travel, music, and cooking. His mother’s battle with cancer tested his dedication, but he never let it hinder his professional aspirations, demonstrating his unwavering resolve to support both his family and his dreams.

    Legacy and Influence

    Parimal hopes to be remembered as a pioneer who brought structure and professionalism to the glamour industry. His journey from a shy, reserved individual to a successful entrepreneur and mentor is a testament to his determination and vision. As he continues to inspire and mentor the next generation, Parimal Mehta’s legacy in the fashion industry is bound to leave an indelible mark.

  • Exhicon announces Pune’s Largest, State-of-the-Art Convention And Exhibition Centre

    Exhicon announces Pune’s Largest, State-of-the-Art Convention And Exhibition Centre

    New Delhi (India), July 23: Exhicon is proud to announce the development of Pune’s premier Convention & Exhibition Centre, an expansive, multi-purpose venue that sets a new standard for MICE (Meetings, Incentives, Conferences, and Exhibitions) facilities in the city. Spanning a total project area of 300,000 square feet, this cutting-edge complex will be located in the heart of Pune, offering unparalleled amenities and flexibility for a wide range of events.

    Venue Highlights:

    • Expansive Facilities: The centre boasts Pune’s biggest convention area with 60,000 square feet of air-conditioned space, semi-permanent and permanent exhibition halls designed to host a variety of events, with 100,000 square feet of lush green lawns, perfect for large-scale events and a grand stage to enhance any outdoor occasion.
    • Accommodation: With 25 well-appointed guest rooms, attendees can stay on-site, ensuring convenience and comfort.
    • Ample Parking: The venue features parking capacity for up to 2,500 vehicles, making it accessible for large gatherings.
    • Versatile Spaces: Equipped with both semi-permanent and permanent exhibition halls & large banquets, the centre is designed to host a variety of events, from intimate gatherings to grand banquets and corporate functions. An expansive kitchen area supports large catering needs, ensuring seamless service for weddings, conferences and social events.

    Pune’s Foremost Event Destination:

    Positioned to be Pune’s biggest venue for exhibitions, conventions, meetings, and live events, this dynamic facility is to be engineered to accommodate both physical and hybrid events. The centre’s flexible infrastructure and modern amenities is to provide an ideal setting for any event, from high-profile corporate meetings to vibrant cultural festivals.

    With its strategic location at Hadapsar in Pune, the first phase of this state-of-the-art venue is to be completed and open for bookings by December 2024. The second and final phase of the venue is to be opened by March 2025.

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  • House of Maruti: Bridging the Gap Between Indian Textiles and Global Fashion

    House of Maruti: Bridging the Gap Between Indian Textiles and Global Fashion

    House of Maruti: Bridging the Gap Between Indian Textiles and Global Fashion

    Surat, (Gujarat) (India) July 22 : House of Maruti, a name synonymous with excellence in the textile industry, is making waves with its ambitious plans to expand its footprint in Dubai and the broader Gulf region. Known for its exceptional quality and innovative designs, this government-recognized export house is setting its sights on collaborations with leading fashion players in the region, aiming to deliver the latest in fashion to garment industries.

    A Legacy of Excellence

    Founded in Surat, India’s renowned textile hub, House of Maruti has built a formidable reputation over the years. The company operates through three distinct subsidiaries: Maruti Exim, which handles global exports; Maruti Trendz, catering to the Indian domestic market; and Maruti Studio, specializing in digital printing and bespoke fabric creations. This diversified approach has allowed House of Maruti to seamlessly blend traditional craftsmanship with cutting-edge technology, resulting in luxurious textiles that cater to a discerning global clientele.

    Strategic Expansion in the Gulf

    The company’s strategic expansion began in earnest with the opening of its Dubai office in 2011. Co-founder Vikas Modi explains, “We have grown significantly in the Gulf region and the Middle East since establishing our presence in Dubai. The city’s strategic location has enabled us to extend our operations to neighboring countries and even into Africa, creating new growth opportunities. We are now looking to collaborate with leading fashion players in the region to further extend the reach of our world-class textiles and craftsmanship.”

    A Diverse Product Portfolio

    House of Maruti boasts an impressive product portfolio that includes fabrics made from polyester, cotton, viscose, and various blends, along with intricate embroidery and cutting-edge digital prints. The company’s long-standing relationships with suppliers and rigorous quality control measures ensure that each product meets the highest standards of quality and consistency.

    Global Presence

    From its humble beginnings in Surat, House of Maruti has expanded its presence across the Middle East, Africa, and other regions. In addition to Dubai, the company has established operations in Saudi Arabia and several African countries. Its products are distributed in Kuwait, Iran, Iraq, and other parts of the Middle East, as well as in Nigeria, Sudan, Senegal, and Morocco in Africa, and even in South-East Asian markets such as Indonesia and Thailand.

    Commitment to Quality and Innovation

    House of Maruti’s facilities are a testament to its commitment to quality and innovation. By integrating traditional techniques with modern advancements, the company has managed to stay ahead of market trends and meet the evolving demands of its global customers. This dedication to superior quality and customer satisfaction has solidified its standing as a leader in the textile industry.

    As House of Maruti looks to the future, its focus remains on forging strong partnerships and continuing its legacy of excellence. With its eyes set on the fashion industries in Dubai and the Gulf, the company is poised to bring its high-quality textiles to new heights, bridging the gap between Indian craftsmanship and global fashion trends.

  • Eurosport India Announces Shikhar Dhawan as MotoGP™ Brand Ambassador

    Eurosport India Announces Shikhar Dhawan as MotoGP™ Brand Ambassador

    New Delhi (India) July 23 : Eurosport India announces the appointment of Indian cricket icon Shikhar Dhawan as the brand ambassador for MotoGP™ in India. Dhawan, known for his dynamic presence on the cricket field, will ignite his passion for racing through Eurosport India’s latest campaign, ‘Face Kar Race Kar’.

    Expressing his excitement, Shikhar Dhawan shared, “Partnering with the prestigious MotoGP as its India Ambassador is a remarkable honour. The growing excitement around MotoGP in India is truly thrilling, and it feels like a full-circle moment for me, especially when I think back to my days riding my favourite bike through the streets of my hometown, Delhi. My journey as a cricketer born and raised in this vibrant city adds a personal connection to this new role with Eurosport India. Through their sports platform Eurosport India, Warner Bros. Discovery has been a beacon for world-class sports, consistently delighting our ever-expanding sports fanbase. What excites me most is the potential we have to introduce MotoGP to new audiences across India. Together, we aim to inspire and engage fans with the exhilarating world of MotoGP.” 

    “We are excited to announce our collaboration with Eurosport India on their latest campaign, ‘Face Kar Race Kar,’ to bring the excitement of MotoGP to fans across the nation. Eurosport India is renowned for its comprehensive sports coverage, including motorsports, golf, cycling, and more. Together, we aim to elevate this campaign and ignite a nationwide passion for high-speed, world-class sports. With Shikhar Dhawan’s involvement, we are confident that we will unite and energize fans across the country” said Amitesh Shah, CEO, Da One Group.

    The ‘Face Kar Race Kar’ campaign encapsulates the indomitable spirit of MotoGP™, celebrating resilience and inspiring fans to conquer challenges with unwavering determination. 

    The 2024 MotoGP™ season has seen 9 races so far, with 11 more scheduled across Europe, Asia, and Down Under, culminating in the BritishGP at Silverstone from August 2nd.

    Francesco Bagnaia (Ducati Lenovo Team), the current 2024 season leader, faces stiff competition with only a 10-point lead over Jorge Martin (Pramac Ducati).

    Arjun Nohwar, General Manager – South Asia, Warner Bros. Discovery, said, “We are thrilled to welcome Shikhar Dhawan aboard as our MotoGP™ brand ambassador for India. His infectious energy and wide appeal will not only resonate with racing enthusiasts but also introduce MotoGP™ to sports fans in a compelling way.”

    Eurosport India has reacquired and extended its broadcasting rights for MotoGP™ in India, solidifying a three-year partnership with Dorna. The channel continues to showcase a diverse lineup of world-class sports, including Motorsports, Golf, Cycling, Pro Wrestling, Table Tennis, and Marathon. Recent partnerships with the Afghanistan Cricket Board and Bangladesh Cricket Board for the BPL underscore Eurosport India’s commitment to offering comprehensive sports coverage.

    About Warner Bros. Discovery

    Warner Bros. Discovery is a leading global media and entertainment company that creates and distributes the world’s most differentiated and complete portfolio of branded content across television, film, streaming and gaming. Available in more than 220 countries and territories and 50 languages, Warner Bros. Discovery inspires, informs and entertains audiences worldwide through its iconic brands and products including: Discovery Channel, Max, discovery+, CNN, DC, TNT Sports, Eurosport, HBO, HGTV, Food Network, OWN, Investigation Discovery, TLC, Magnolia Network, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, Warner Bros. Motion Picture Group, Warner Bros. Television Group, Warner Bros. Pictures Animation, Warner Bros. Games, New Line Cinema, Cartoon Network, Adult Swim, Turner Classic Movies, Discovery en Español, Hogar de HGTV and others. 

    For more information, please visit www.wbd.com

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  • Meet 12 Visionary Entrepreneurs Revolutionizing Industries in 2024

    Meet 12 Visionary Entrepreneurs Revolutionizing Industries in 2024

    New Delhi [India] July 22 : In a world constantly evolving through innovation and dedication, 12 remarkable entrepreneurs stand out for their transformative contributions across various industries. From pioneering educational platforms and leading PR agencies to advancing healthcare and redefining security services, these visionaries are setting new standards of excellence. Their journeys, marked by resilience, creativity, and a relentless drive to make a difference, inspire countless others to pursue their passions and impact the world positively.

    1. Taylor Elizabeth

    Taylor Elizabeth Bodrie Perramond, an award-winning Emotional Intelligence, Etiquette, and Image Advisor, brings over 15 years of experience across 22 markets on five continents. With an MBA in International Business and a Master of Arts in International Affairs, Taylor’s career in international PR honed her skills in relationship building and cross-cultural communication. Known as ‘The Elegance Advisor,’ she integrates Emotional Intelligence, NLP, and Positive Psychology into her coaching, empowering a global community. Taylor’s accolades include the Golden Excellence Award and recognition as one of the most inspiring UAE Women Entrepreneurs of 2023. Her vision fosters a culture of empathy, enhancing professional interactions and team dynamics for high-profile clients worldwide.

    2. Prof. Dr. Sanjay B. Chordiya

    Prof. Dr. Sanjay B. Chordiya, Founder President & Chairman of Suryadatta Education Foundation, is a globally renowned educationist and philanthropist committed to delivering quality education at affordable fees. With over 30 years of experience in academics, administration, and industry interface, he leads with high energy and a passion for holistic development. Dr. Chordiya is involved in various prestigious roles, including Governor Nominee for YCMOU, Chair of the University-Industry Partnership program of Global Chamber, and Senior Vice President of CEGR, Delhi. His contributions have earned him numerous international and national awards. His vision encompasses peace and harmony through education from Kindergarten to the PG-Research level, fostering an enlightening academic environment globally.

    3. Lt. Col. Randeep Hundal

    Lt. Col. Randeep Hundal, an ex-Indian Army veteran, is the visionary founder and Managing Director of Innovision Limited, India’s leading Manpower Security Service provider. A serial entrepreneur, he has expanded Innovision into a 500+ crore company with a PAN India presence over 55+ locations. Innovision excels with PSARA authorised advanced training centers and a robust internal audit team, serving prestigious global and government clients. Additionally, he founded Innovision International and Aerodrone Robotics. His CSR initiative, Woke India, highlights his commitment to societal welfare. Recognized with multiple awards, including “Rising Star in Security Industry – 2023,” Lt. Col. Hundal’s journey epitomizes excellence, innovation, and ethical leadership in the security industry.

    4. Resham Kamboj

    Resham Kamboj, founder of Tarot Tree of Life, is a distinguished spiritual healer, mentor, and entrepreneur. A graduate of NIFT Mumbai, Resham’s journey into Tarot and spirituality began after a career setback, discovering her calling in psychic readings, mediumship, and Akashic Records. Her profound impact is felt globally, marked by numerous accolades including the National Fame Award, Indian Excellence Awards, and recognition by Forbes India and India Today. Resham’s innovations include empowering over 5000 Tarot students, providing financial stability through holistic education. Overcoming initial skepticism, she leveraged word-of-mouth to establish trust in online spiritual services. Her vision prioritizes ethical growth, empowering underprivileged girls towards financial independence. Resham’s advice to aspirants: stay authentic, consistent, and embrace continuous learning for enduring success in the spiritual realm.

    5. Astro Kirti Ojha

    Astro Kirti Ojha is celebrated as a leading astrologer in India, driven by a profound passion to aid individuals in navigating life’s complexities. With a career rooted in Vedic astrology and modern insights, she blends traditional wisdom with innovative approaches to offer precise, empathetic, and holistic guidance. Recognized for her accurate predictions and transformative remedies, Kirti Ojha has earned accolades that underscore her impact on countless lives. She has pioneered the integration of ancient techniques with contemporary methods, enhancing the relevance and depth of astrological insights. Her vision includes expanding accessibility through digital platforms, aiming to empower more individuals worldwide with actionable advice for positive life changes. Aspiring astrologers are encouraged to cultivate empathy, continuous learning, and a genuine commitment to serving others.

    6. Dr Morepen
    Dr Morepen distinguishes itself in the medical devices sector through a robust strategy centered on innovation, quality, and customer satisfaction. With 100% in-house manufacturing at our ISO:13485 certified facility in Baddi, Himachal Pradesh, we ensure stringent adherence to global standards. Our comprehensive product lineup includes glucometers and BP monitors, with over 1.5 billion strips sold to date.

    Under the visionary leadership of Anubhav Suri, Dr Morepen has expanded its global footprint into markets like South East Asia and the Middle East, emphasizing next-generation products like wearable sensors. Anubhav’s strategic initiatives have driven significant market share growth and operational efficiencies, cementing Dr Morepen’s leadership in healthcare solutions.Our commitment to excellence is underscored by continuous capacity expansion and a customer-centric approach, making Dr Morepen a trusted name in healthcare innovation.

    7.  Komal Choubisa
    Komal Choubisa’s journey is one of resilience and determination. Motivated by personal challenges and a desire to create her own world, she turned her pain into a popular book, A Starry-Eyed, which has gained national and international acclaim. Recognized with a nomination for the 9th Perfect Achiever’s award – 2024. Komal has also made impactful contributions through her foundation, promoting girls’ education and combating starvation. Despite facing envy and financial difficulties, her perseverance and family support helped her overcome these obstacles. Looking ahead, Komal envisions achieving ambitious goals and continues to inspire others with her advice to be persistent, believe in oneself, and maintain honesty.

    8. Pranav Sharma

    At just 19, Pranav Sharma is a remarkable tech entrepreneur and an inspiration to many. Currently pursuing a B.Tech in Computer Science and Engineering from IIT Guwahati, he turned down full scholarships from MIT and KIT to make an impact in India. Pranav founded his first tech firm at 15 and has since launched multiple startups, including 3VIVE, Uppr, and Connectoid. A six-time international medalist, he’s also won national gold medals in science, hockey, and filmmaking. His breakthrough in water purification technology, which is more efficient and significantly cheaper than existing solutions, highlights his innovative prowess. As an ambassador at IIT Guwahati, Pranav’s vision and leadership continue to drive transformative change.

    9. Dr. Nikhil Gambhir

    Dr. Nikhil Gambhir, Founder & CEO of Grow 25X, is a world-renowned business strategist and the only 25X Sales Mastery Coach. As India’s leading high-ticket closing expert and highest-paid business coach, he is on a mission to empower entrepreneurs and startups to grow at 25X speed. Dr. Gambhir’s unique approach differentiates him from competitors, helping trainers build high-ticket closing businesses, startups achieve million-dollar valuations, and corporates increase sales exponentially. His accolades include the Indian Icon Award, Bharat Ratna Award, and two Harvard World Records. Dr. Gambhir’s visionary leadership and unmatched expertise are transforming the business landscape, ensuring that “Ab Business Karega India.”

    10. Dr Sanara Roy
    Sanara Roy, an All India Engineering rank holder and PhD graduate, transitioned from investment banking to modeling and acting, aiming to shatter stereotypes about engineers and PhDs. She embarked on her journey from fashion weeks and pageants, recently winning a national pageant in South India and now eyeing the international stage. Her achievements include participating in Paris Street Style Summer Fashion Week, Lakme Fashion Week, and collaborating with top South Indian actresses in Jewels of India. Sanara’s accolades include Miss India World South 2022, a Dadasaheb Phalke Award, and a London World of Records certification for her acting in a South-based short movie. Despite facing challenges, she aims to create a positive impact through her work and social activities, inspiring others to pursue their passions. Her advice to aspiring models and actors is to always stay true to themselves and believe in their abilities.

    11. Kundan Singh Rajput

    Founded by Kundan Singh Rajput, MyTAGAPP .COM stands out in the education sector for its commitment to transparency and innovation in admissions. Serving as a comprehensive marketplace for educational institutions across India and beyond, MyTAGAPP .COM aims to create the world’s largest education ecosystem. By integrating schools, colleges, and international institutions onto a single platform, it simplifies the admissions process and provides career guidance to students. Under Kundan’s leadership, the platform has earned accolades such as the best-emerging student recruitment solution and bihar Change Maker award, recognised and funded by Bihar Startup. Since its inception, MyTAGAPP .COM has facilitated over 200 admissions and partnered with 200+ institutions, offering free counseling to countless students and fostering environmental sustainability initiatives. This visionary approach ensures a brighter future for education seekers globally.

    12. Lajja patel
    Lajja Patel, an engineer turned PR Wizard , is revolutionizing the digital landscape with Spatz Media, her PR and marketing agency. Combining her expertise in Public Relations, web development, and Social Media branding, Lajja ensures seamless integration of aesthetic design and user experience. Under her leadership, Spatz Media has seen remarkable growth, driven by her passion for making businesses stand out on Google and social media. Handling all major decisions, she balances the dual roles of Public Relations Expert and a Managing partner of Spatz Media. Co-founded with Jatin Patel, Spatz Media continues to thrive, bridging the gap between development and marketing under Lajja’s visionary guidance.

    These entrepreneurs exemplify what it means to be leaders in their fields, continuously pushing boundaries and shaping the future with their groundbreaking ideas and unwavering commitment to excellence.

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  • Dreame India Appoints Manu Sharma as Managing Director to lead its India Operations and Market Expansion

    Dreame India Appoints Manu Sharma as Managing Director to lead its India Operations and Market Expansion

    New Delhi (India), July 22:  Dreame Technology, a leading global smart home appliance brand, announced the appointment of Manu Sharma as Managing Director for its India operations. In this leadership role, Manu will be responsible for developing and executing strategic initiatives to drive Dreame’s growth and establish a strong brand presence in the Indian market. He will also oversee Dreame’s regional product strategy, marketing and sales operations as well as building a team in India.

    Manu Sharma brings over 25+ years of experience in the consumer electronics industry. Previously, he held key leadership positions at Nothing India (Vice President and General Manager) and Samsung India (Vice President and Head of Product Strategy), where he played a crucial role in developing and implementing successful go-to-market strategies. Prior to that, he also had a successful 12-year stint at Hewlett-Packard across key business roles.

    Expressing his enthusiasm for his new role, Manu Sharma said, “I am excited to lead Dreame’s India business and I look forward to working with the team to build Dreame’s brand presence, operational capabilities and deliver innovative products that resonate with our consumers.”

    Under Manu’s leadership, Dreame India is committed to delivering exceptional products and services while maintaining its position as an innovator of customer centric solutions and smart home appliances.

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  • BigBloc Construction Ltd recommends 1:1 Bonus Issue

    BigBloc Construction Ltd recommends 1:1 Bonus Issue

    The company’s board also approved a proposal to increase the authorized share capital from Rs. 15 crore to Rs. 30 crore, subject to the approval of the members.

    Surat, (Gujarat) (India) July 22 : Board of directors of BigBloc Construction Limited, one of the largest manufacturers of Aerated Autoclaved Concrete (AAC) Blocks, Bricks, and Panels in India has recommended issue of bonus equity shares in the ratio of 1:1 in the meeting held on July 19, 2024. The board also approved the proposal of increasing the authorised share capital of the company to Rs. 30 crore divided into 15 crore Equity Shares of Rs. 2/- each, subject to approval of the members and regulatory authorities.

    The Company in its board meeting considered and recommended issue of bonus equity shares in the proportion of 1:1 i.e. one bonus equity shares of Rs. 2/- each for every one existing equity share of Rs. 2/- each held by the shareholders of the company as on the record date, subject to the approval of shareholders at the Annual General Meeting to be held on Thursday, August 29, 2024. Free reserves of Rs. 28.31 crore will be utilized for the Bonus Issue. The bonus issue is aimed at reward existing shareholders, enhance liquidity, and expand the shareholder base.

    Post Bonus issue, the paid-up share capital of the company will increase to Rs. 28.31 crore divided into 14,15,75,750 equity shares of Rs. 2/- each. Subject to obtaining necessary approvals from relevant authorities, the bonus shares shall be credited within 2 months from the date of the Board approval i.e. on or before September 18, 2024.

    The Board has also approved the declaration of final dividend at 20% i.e. Rs 0.40 per equity share for the FY 2023-24. The record date for the purpose of payment of final dividend is Friday, July 26, 2024. Promoter Group shareholders, comprising 60.18% of the shares of the company, are waiving their dividend (Final Dividend for Financial Year 2023-2024) considering the forthcoming expansions of the company.

    For FY24, company has reported consolidated net profit of Rs. 30.69 crore. Revenue from operations during FY24 was reported at Rs. 243.22 crore, rise of 21.55% Y-o-Y as compared to operational revenue of Rs. 200.11 crore in FY23. EBITDA for FY24 stood at Rs. 56.15 crore, rise of 12.29% as against EBITDA of Rs. 50.01 crore. The Company has reported a strong operational and financial performance with a 5 year CAGR of 19% in Sales and over 80% in Net Profit.

    Mr. Narayan Saboo, Chairman, Bigbloc Construction Ltd said, “Our Company is set to bring major transformation in the AAC Block industry. Further to reward our loyal shareholders and boost liquidity, the board has recommended a bonus issue. This move will enhance our equity base and support continued growth. We anticipate sustained momentum and look forward to further achievements in the coming years.”

    Incorporated in 2015, BigBloc Construction Ltd is one of the largest and only listed company in the AAC Block Space. BigBloc operates four AAC plants: one in Umargaon District: Valsad, Gujarat, second in Wada, Maharashtra, and third in Kapadvanj, District Kheda, Gujarat. The new facility in Kheda is the company’s fourth plant, uniquely equipped to manufacture both AAC blocks and the innovative AAC wall. With this Joint Venture company’s total capacity has increased to 1.3 Million CBM/Annum. It is among the very few companies in AAC industry to generate carbon credits.

    Sustainable and non-toxic building construction material, AAC blocks and AAC Walls are lightweight, soundproof, and fire resistant, offer superior build quality, eco-friendly and economical too compared to traditional bricks.

    BigBloc Construction Limited is India’s leading AAC block manufacturing company. The Company markets its products under the brand name ‘NXTBLOC’. The company has executed over 2,000 projects so far and has another 1,500 plus in the pipeline. The company’s clients include Lodha, Adani Realty, IndiaBulls Real Estate, Prestige, Piramal, Oberoi Realty, Shirke Group, Shapoorji Pallonji Group, Raheja, PSP Projects, L&T, and Sunteck, Sethia Infrastructure Pvt Ltd, Dosti Group, Purvankara Ltd among others.

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