Category: Business

Hyderabad (Telangana) [India], May 10: Magellanic Cloud (BSE: MCLOUD), a leading ITES & Surveillance Firm and an emerging Drone company, today announced its financial results for the Quarter and Year ended March 31, 2024. The key performance highlights are:

• Q4FY24 Consolidated PAT at Rs 39.43 crore, up 118 per cent
• Q4FY24 Consolidated Revenue at Rs 137.21 crore, up 19.63 per cent
• Q4FY24 EBITDA stands at Rs. 68.77
• FY24 Consolidated PAT at Rs 102.95 crore, up 38.93 per cent
• FY24 Consolidated Revenue at Rs 577.86 crore, up 29.4 per cent
• FY24 EBITDA stands at Rs. 201.19 crore, up 57.97 per cent
• First company to get DGCA certification for its logistics Drones
• Bagged its first major drone order worth Rs 43 crore for providing these CargoMax Series Drones

CONSOLIDATED RESULTS:

Quarter ended March 31, 2024:

• Q4 FY24 Total income of Rs. 152.12 crores, as against Rs. 116.97 crores in the corresponding previous period – an increase of 30.05 per cent
• Q4 FY24 Net profit at Rs. 39.43 crores, as against Rs. 18.02 crores – an increase of 118.84 per cent
• Q4 FY24 Earnings per share of Rs. 3.37 (On Face Value of Rs. 10/- each)

Fiscal Year ended March 31, 2024:

• FY24 Total income of Rs. 577.86 crores, as against Rs. 446.57 crores in the corresponding previous period – an increase of 29.40 per cent
• FY24 Net profit at Rs. 102.95 crores, as against Rs. 74.10 crores – an increase of 38.93 per cent
• FY24 Earnings per share of Rs. 8.81 (on Face Value of Rs. 10/- each)

Commenting on the financials, Mr. Joseph Sudheer Reddy, Global CEO of Magellanic Cloud said: “Magellanic Cloud is on a growth trajectory, propelled by innovation and bolstered by our strong performance in FY24. We are actively deploying cutting-edge technology to optimize operations and drive profitability. Our strategic partnerships reinforce our leadership in AI security solutions. With a robust order book across IT, ITES and E-surveillance, predominantly driven by GenAI projects, we are confident of achieving our FY25 revenue target. We also have plans to accelerate growth through strategic acquisitions and are evaluating 2-3 potential companies annually. Our Equity offerings will unlock this expansion, maximizing value for our stakeholders.”

With a robust order book across IT, ITES and E-surveillance, predominantly driven by GenAI projects, we are confident of achieving our FY25 revenue target. We also have plans to accelerate growth through strategic acquisitions and are evaluating 2-3 potential companies annually. Our Equity offerings will unlock this expansion, maximising value for our stakeholders.”

NET WORTH:

As on March 31, 2024, the net worth of the Company stood at Rs. 406.93 Crores.

OPERATIONAL REVIEW: FY24 – STANDALONE:

As on March 31, 2024, the total assets of the Company stood at Rs. 446.11 crores – an increase of 6.73 per cent

BUSINESS HIGHLIGHTS

DRONE BUSINESS (SUBSIDIARY – SCANDRON PRIVATE LIMITED)

Magellanic subsidiary, Scandron Pvt Ltd, is the first Indian company to get a DGCA type-certification under the Logistics and Cargo category for its CargoMax 500HE drone.

The Company has also witnessed significant offtake in the drone segment, especially with the implementation of government initiatives like the National Logistics Policy (NLP) Kisan Drone Shakti and Drone Didi. Scandron recently got its first major drone order of Rs 43 crores which will be completed in a few weeks.

ITES BUSINESS (SUBSIDIARY – JNIT TECHNOLOGIES AND MOTIVITY LABS)

JNIT Technologies and Motivity Labs, subsidiaries of Magellanic Cloud, maintained profitability through strategic cost optimization and witnessed significant revenue generation from new GenAI projects.

SURVEILLANCE BUSINESS (SUBSIDIARY – IVIS INTERNATIONAL PVT LTD AND PROVIGIL SURVEILLANCE LTD)

iVIS/Provigil, a subsidiary of Magellanic Cloud, has added 5000 new sites spanning clients across banking, warehousing, city surveillance, religious, retail and other public sites. The company has started generating revenues in FY24 by adding new products like VMS, SaaS platforms and EDGE Hardware with AI models on security incidents.

SHAREHOLDING PATTERN ON MARCH 31, 2024:

• Promoters & Promoter Group owns 6,85,42,720 shares and 58.64% shareholding.
• Public owns 4,83,36,304 shares and 41.36% shareholding.
• Total shareholders are 15847 with 11,68,79,024 shares and 100.0% shareholding.

CONSOLIDATED FINANCIAL STATEMENT HIGHLIGHTS:

• The revenue earned from operations during financial year 24 is ₹ 5,604.29 Mn, financial year 23 is ₹ 4,274.69 Mn, Y-o-Y% is 31.10%, and Q4 FY24 is ₹ 1372.06 Mn.

• The other income recorded during financial year 24 is ₹ 174.32 Mn, financial year 23 is ₹ 191.00 Mn, Y-o-Y% is 8.73%, and Q4 FY24 is ₹ 149.16 Mn.

• Total revenue earned during financial year 24 is ₹ 5,778.61 Mn, financial year 23 is ₹ 4,465.69 Mn, Y-o-Y% is 29.40%, and Q4 FY24 is ₹ 1,521.21 Mn.
• Total Expenses excluding Depreciation, Amortization & Finance Cost recorded during financial year 24 is ₹ 4,373.08 Mn, financial year 23 is ₹ 3,527.89 Mn, Y-o-Y% is 23.96%, and Q4 FY24 is ₹ 1,004.13 Mn.
• EBITDA recorded during financial year 24 is ₹ 2,011.90 Mn, financial year 23 is ₹ 1,273.62 Mn, Y-o-Y% is 57.97%, and Q4 FY24 is ₹ 687.78 Mn.
• EBITDA Margin (%) recorded during financial year 24 is 34.82%, financial year 23 is 28.52%, Y-o-Y% is 22.08%, and Q4 FY24 is 45.21%.
• Depreciation & Amortization recorded during financial year 24 is ₹ 395.11 Mn, financial year 23 is ₹ 214.73 Mn, Y-o-Y% is 84.00%, and Q4 FY24 is ₹ 108.79 Mn.
• Finance Cost recorded during financial year 24 is ₹ 211.26 Mn, financial year 23 is ₹ 121.08 Mn, Y-o-Y% is 74.48%, and Q4 FY24 is ₹ 61.92 Mn.
• PBT before Exceptional Item recorded during financial year 24 is ₹ 1,405.53 Mn, financial year 23 is ₹ 937.81 Mn, Y-o-Y% is 49.87% and Q4 FY24 is ₹ 517.08 Mn.
• PBT recorded during financial year 24 is ₹ 1,405.53 Mn, financial year 23 is ₹ 937.81 Mn, Y-o-Y% is 49.87% and Q4 FY24 is ₹ 517.08 Mn.
• Income Tax recorded during financial year 24 is ₹ 348.18 Mn, financial year 23 is ₹ 191.28 Mn, Y-o-Y% is 82.03% and Q4 FY24 is ₹ 103.94 Mn.
• Tax of Earlier Years recorded during financial year 24 is ₹ 5.41 Mn, financial year 23 is ₹ 0.07 Mn, Y-o-Y% is 7746.53% and Q4 FY24 is ₹ 16.76 Mn.
• Deferred Tax recorded during financial year 24 is ₹ 22.39 Mn, financial year 23 is ₹ 5.43 Mn, Y-o-Y% is 312.69% and Q4 FY24 is ₹ 2.06 Mn.
• Tax Expenses recorded during financial year 24 is ₹ 375.99 Mn, financial year 23 is ₹ 196.78 Mn, Y-o-Y% is 91.07% and Q4 FY24 is ₹ 122.76 Mn.
• PAT recorded during financial year 24 is ₹ 1,029.54 Mn, financial year 23 is ₹ 741.03 Mn, Y-o-Y% is 38.93% and Q4 FY24 is ₹ 394.32 Mn.

ABOUT MAGELLANIC CLOUD:

Magellanic Cloud Limited (BSE: MCLOUD) is a pioneering technology enterprise, offering software development, digital transformation, AI/IoT, and drone-based solutions for real-world applications.

Committed to harnessing cutting-edge technology, Magellanic Cloud offers transformative solutions to a global clientele and has made strategic investments in IT services, E-surveillance, and advanced drone technologies.

With a robust workforce of over 1,200 professionals and a portfolio featuring more than 100 clients, including several Fortune 1,000 companies, Magellanic Cloud is recognised for its significant market presence and capability to deliver technology-driven solutions in a competitive global landscape.

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New Delhi (India), May 10: On Mother’s Day, let’s pay homage to the unsung heroes of our lives—the mothers whose unwavering love, sacrifice, and nurturing spirit shape the very fabric of our existence. As we celebrate this special day dedicated to mothers worldwide, we turn to the insights and reflections of top health professionals who intimately understand the profound impact of motherhood on both individual well-being and broader societal health. Their perspectives offer a poignant tribute to the tireless efforts of mothers everywhere and illuminate the crucial role they play in fostering the health and happiness of families and communities.

1. Ashu Gupta – Dietician, Master’s in Dietetics, Certified Metabolic Balance coach from Germany, Member of Indian Dietetic Association & NNHS Author of “My Weight Loss Cook Book”, Founder – Ashu Gupta’s Diet Clinic, Gurgaon

Celebrating the Journey of Dietitian Ashu Gupta from motherhood to mentorship is a testament to her unwavering commitment to promoting holistic well-being. Founder of Ashu Gupta Diet Clinic in Gurgaon, her passion for nutrition began in her own kitchen, nurturing her daughters with wholesome meals. Her belief in enjoying life while making healthy choices sets her apart, earning her prestigious awards like the Best Dietician Award. Recognized for her contributions, Ashu Gupta’s clinic is a trusted haven for those seeking guidance on weight management and lifestyle disorders. Over 70% of her clientele comes through referrals, a testament to the trust and credibility she has earned. Her research on affluent adolescents’ dietary habits is followed by esteemed institutions like AIIMS. As we celebrate Mother’s Day, let’s honor Dietitian Ashu Gupta for her dedication to empowering individuals to lead healthier, happier lives. Her journey inspires us to embrace compassion, dedication, and the transformative power of positive change.

2. Dr. Barkha Chawla, Consultant Pediatrician and Developmental Pediatrician at Surya Hospitals Chembur, Mumbai

In the spirit of celebrating Mother’s Day, Dr. Barkha Chawla, a distinguished Developmental pediatrician practising at Surya Hospitals, Chembur in Mumbai, lends her insightful perspective to honor the pivotal role of mothers in nurturing the health and well-being of children. With years of dedicated practice, Dr. Chawla has become a trusted figure in the medical community, renowned for her compassionate care and expertise in pediatric health. As she reflects on her professional journey, Dr. Chawla emphasizes the profound influence of maternal instincts on child development and healthcare decisions. Through her work, she strives to empower mothers with knowledge and support, recognizing their innate capacity to provide the best possible start in life for their children. Dr. Chawla’s tribute underscores the invaluable partnership between healthcare professionals and mothers in safeguarding the health and happiness of future generations.

3. Khyati Rupani, Post-Graduation Degree in Clinical Nutrition, Dietetics & Food Service Management from IHMCTAN, Panellist of Early Childhood Association (ECA), and Founder of Balance Nutrition, Mumbai.

Khyati Rupani, a leading nutritionist and founder of Balance Nutrition, is renowned for her unique approach to reverse critical clinical conditions like PCOS, cancer, and more. She started her career as the youngest Chief Dietician at Lilavati Hospital and has authored “Getting Rid of Obesity” at the age of 23. Her journey of motherhood has been nothing short of an inspiration for those around her. She has proven that with the right nutrition and lifestyle management, anything is possible. Her 14-year-old daughter Trissha is a miracle child, as Khyati not only battled PCOS, but also lost 40 kgs to conceive her naturally. Khyati says “During Trissha’s formative years from infancy, I used all my nutrition knowledge on her food, never used baby food, but had my own recipes and formulas. The results are incredible as Trissha is above average in height, mental capabilities and overall fitness.” Today we honour and celebrate Khyati Rupani as her journey of motherhood is truly inspiring. Cheers to Khyati, a mother, a nutritionist, and an inspiration to us all!

4. Priya Mittal, Dietician & Nutritionist at Zenith Diet Clinic, Ghaziabad

In tribute to the enduring spirit of motherhood, we journey alongside esteemed health professionals, with Priya Mittal shining brightly among them as a beacon of wisdom in nutrition. Priya’s advocacy for holistic maternal health emphasizes the paramount importance of balanced nutrition during pregnancy and lactation, encouraging the consumption of nutrient-rich foods to optimize maternal and fetal well-being. Her practical guidance includes integrating leafy greens, lean proteins, and omega-3 fatty acids into daily meals. Beyond diet, Priya champions holistic wellness practices such as physical activity, stress management, and the cultivation of support networks for mothers. She empowers mothers through educational initiatives, promoting health literacy and proactive health management, advocating for preventive healthcare measures and regular wellness screenings. As we conclude this transformative journey, Priya Mittal’s insights, alongside those of her esteemed colleagues, illuminate a path of vitality, resilience, and empowered well-being for mothers worldwide.

5. Dr. Priya Parekh- MBBS Aesthetic Physician, Beautyesthetics, Pune, Maharashtra

Wishing you a very Happy Mother’s Day from Beautyesthetics! Motherhood embodies a profound journey of love and sacrifice, honoring moms everywhere—at home, at work, and in all walks of life. At Beautyesthetics, we understand the importance of prioritizing maternal wellness, recognizing that mothers often place their care last. With anemia being prevalent among women in India, we urge mothers to address commonly overlooked symptoms like fatigue and hair fall. Our tailored health and beauty packages aim to make every mom feel cherished and supported. Join us in empowering mothers with regular skin, hair care, and wellness checks by Dr. Priya Parekh and our dedicated team. This Mother’s Day, let’s celebrate and uplift mothers, enabling them to reclaim their vitality and confidence, because when a mom thrives, so does her family.

6. Reena Chopra: MA Psychology (Child Psychologist), Founder of SAAR Holistic Wellness, Chandigarh

As a child psychologist deeply engaged in the realm of child development, I have witnessed first-hand the remarkable influence mothers wield in shaping the holistic well-being of their children. Throughout every stage, from infancy to adolescence, mothers serve as the primary nurturers, guiding their children’s physical, emotional, social, and cognitive growth. I pay homage to mothers and delve into the multifaceted ways their love, guidance, and support contribute to fostering holistic child development. They provide emotional nurturing, laying the groundwork for resilience, stimulating cognitive development, sparking curiosity and creativity, and facilitating socialization, nurturing relationships and empathy. Additionally, mothers offer holistic support, nurturing the mind, body, and spirit of their children. Undoubtedly, mothers are the unsung heroes of child development, whose tireless dedication and unwavering love profoundly impact the lives of their children. This Mother’s Day and every day, let us celebrate and honor the invaluable role mothers play in nurturing holistic child development.

7. Roshni Ahirekar, Dietician – B.sc specialised in Dietetics from S.N.D.T University, Santacruz, Mumbai

Dietician Roshni Ahirekar brings valuable insights from her extensive experience since 2008, Roshni has worked at renowned establishments like Zynova Heart Hospital and Priti Slim Clinic across Mumbai. Despite familial responsibilities, Roshni pursued freelancing in Navi Mumbai, managing her roles as a wife, mother, and daughter-in-law single-handedly. Her advice to women emphasizes prioritizing health and well-being amidst busy schedules. Roshni advocates for wholesome homemade meals over processed foods, emphasizing the importance of nutrition and a balanced diet. She recommends incorporating fruits, whole grains, and regular physical activity to maintain a healthy lifestyle and manage stress. Regular health check-ups are also essential, even when feeling healthy. Roshni’s message resonates with all women, encouraging them to prioritize self-care, embrace a healthy lifestyle, and cherish moments with loved ones.

8. Dr. Ruchika Grover, MBBS, DNB, ENT Surgeon at Medicaid Hospital and Critical Care Centre Amritsar, Punjab 

“The hand that rocks the cradle can also rock the boardroom!” This quote epitomizes the multifaceted roles of healthcare professional mothers, who navigate demanding careers with unparalleled commitment and diligence. Despite their formidable success, they bear the weight of dual responsibilities – managing homes, children, and professional obligations. In Indian society, the onus of childcare primarily falls on mothers, adding to their already challenging balancing act. Yet, their unwavering dedication and precision in managing both spheres are commendable. Time management, discipline, resilience, and leadership become indispensable in their demanding lifestyles, where setbacks and gender biases persist. However, their unmatched instinct and perseverance propel them forward, overcoming hurdles to achieve their aspirations. These women represent the epitome of literacy, strength, and hard work, evidenced by research showing that children of such mothers excel in self-reliance and life skills. Society owes them support and respect, recognizing their invaluable contributions as both mothers and healthcare professionals.

9. Ruhi Rajput, Founder of Naturecurebyruhi, Delhi NCR

Ruhi Rajput, the founder of Naturecure, is renowned as one of the best dieticians in Delhi NCR, revolutionizing nutrition by advocating sustainable eating habits tailored to individual bodies through personalized diet programs. With a profound belief in the innate healing power of nature, Ruhi specializes in gut health and hormones, viewing them as pivotal for optimal health and weight management. Armed with a PG Diploma in Human Nutrition from ICI, Australia, a fellowship in Clinical Nutrition, and certification as an Ayurvedic Dietetics Nutritionist, Ruhi’s expertise is unmatched. As a mother of two boys, she embraces her role as a mompreneur, striving to instil gender equality values in her children by exemplifying balanced responsibilities both at home and in the business realm. Her guiding principle of consistency drives her through the highs and lows of entrepreneurship, emphasizing the importance of resilience and self-care amidst professional and personal demands.

10. Saumya Sharan, Senior Consultant Clinical Psychologist, Gurgaon

“It takes a village to raise a child” – and when the community doesn’t come together to support the mother, it impacts the entire society. On this International Mother’s Day, let’s become a part of the village, as we support our mothers and their Mental Health journey by being part of a system that nourishes rather than depletes. This nourishment can take the form of flexibility and freedom at the workplace, access to adequate and good quality Mental Health resources, community-based programs and workshops designed to nurture their well-being, grass root level policy changes that support them personally and professionally and being a society that collectively works on showing up for Mothers. As for Mothers, it’s important to fill your cup, focus on your Mental Fitness, reach out for help when things get overwhelming, ask for support when needed and remind yourself that there is nothing known as a perfect parent, it needs to be about striving to be ‘good enough’. 

11. Dr. Shreyasi Sharma, Founder & Director of Fetal Medicine & Genetics Centre, Gurgaon

Joy of giving reflects motherhood. There is nothing more unconditional than experiencing motherhood. Mother’s Day is celebrated once a year but for us, every day is Mother’s Day. At Fetal Medicine and Genetics Centre, we see mothers who go through an eventless pregnancy and mothers who go through inexplicable struggles and we salute the indomitable spirit of all such mothers who are willing to nurture even the faintest hope. We see the joy, the care, the expectations, the dreams, the disappointment, the hope and the myriad of untellable emotions in the journey of a mother and we are proud to walk the distance with every emotion. Be it a simple scan to a level 2 scan to complex fetal interventions, with sincerity we live the emotion with the mothers all the while striving to induce hope and happiness. The only intention is to see the million-watt smile on the face of the mother when she holds her child in her arms.

12. Simran Saini, Clinical Nutrition and Weight management Counsellor, Meditation Master & Founder at Simran’s Perfect Slim Solutions, Pitampura, Delhi

Very Humbly yet happily, I would like to share my journey as a mother of 3 adorable kids and the Founder of Simran’s Perfect Slim Solutions. Over the years I have helped numerous people through their fitness journey through my nutritional counselling. I always counsel mothers to prioritise their health along with taking care of their loved ones since they work as the foundation of a family. It is sometimes challenging to balance your time judiciously between your kids and your work or patients but with the help and support of my family and the grace of Almighty, I have seen success and appreciation at both ends. Being a mother makes me feel more complete and stronger and helps me in my emotional well-being, and being a Professional helps me retain my individual identity and confidence which is very important for every woman.

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Lucknow (Uttar Pradesh) [India], May 9: Concord Control Systems Limited (Concord), a leading provider of innovative solutions in the railway industry, proudly announces its acquisition of majority stake in a specialized pioneering Company Advanced Rail Controls Private Limited (Advanced Rail). This strategic move marks a significant step forward in consolidating Concord’s position as a key player in the global railway technology market. The transaction underscores Concord’s commitment to strategic investments that create long-term value for its stakeholders and contribute to the advancement of rail transportation globally.

The acquisition is driven by Concord’s commitment to fostering growth and innovation within the rail sector. By combining Concord’s expertise with Advanced Rail’s innovative technologies, the partnership aims to deliver unparalleled solutions that address both international markets demands and the specific requirements of the Indian railway industry. By integrating Advanced Rail’s technology and capabilities into its portfolio, Concord aims to offer comprehensive solutions that address the evolving needs of railway operators worldwide.

This acquisition represents a milestone in the journey towards providing cutting-edge solutions for the railway industry and in achieving the vision of creating a multi-platform global specialty railway business portfolio. By leveraging synergies between the companies, Concord is poised to enhance its product portfolio and deliver exceptional value to their customers worldwide.

With Concord’s extensive experience in railway technology and Advanced Rail’s track record of innovation, the collaboration is set to drive advancements in signaling, control systems, and infrastructure management. Together, the companies will explore new opportunities for growth and expansion in both domestic and international markets.

By combining the strengths with Concord, Advanced Rail are well-positioned to offer comprehensive solutions that cater to the evolving needs of the railway industry. This acquisition underscores the commitment to deliver excellence and drivepositive change in the rail sector.

About Concord Control Systems Limited:

Concord Control Systems Limited is a renowned provider of cutting-edge solutions in the railway industry. With a focus on innovation and customer satisfaction, Concord offers a wide range of products and services including signaling systems, control solutions, and infrastructure management tools.

About Advanced Rail Controls Private Limited:

Advanced Rail Controls Private Limited is a globally renowned company specializing in traction control electronics and consultancy since 2005. Notably, it designed and successfully operated a distributed wireless control system, powering the longest freight train run by Indian Railways, utilizing six locomotives and delivering 36,000 hp of traction power. Advanced Rail currently has a very vibrant order book of roughly Rs. 140 crores which are to be executed over a period of 24 months. 

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Mumbai (Maharashtra) [India], May 9: Globe Textiles India Limited (GTIL) (NSE: GLOBE), a well-known textile star exporter of fabrics and garments catering to global and domestic markets for the last decade, has announced to make an application to BSE Limited (formerly known as Bombay Stock Exchange) for the direct listing of its equity shares. This strategic move underscores Globe Textile’s commitment to enhancing transparency and maximizing value for its shareholders.

A direct listing on BSE Limited gives Globe Textiles large investor access. Direct listings provide a streamlined pathway for companies to access public markets without the traditional IPO process, thereby reducing costs and administrative complexities. Furthermore, such listings promote liquidity, fostering a vibrant trading environment for listed securities.

As per the recent submissions, Globe Textiles (India) Limited has acquired Globe Denwash Private Limited, which is an environmentally friendly facility with a Zero Liquid Discharge system and partly solar generation, which minimizes energy costs while using green energy, and the company expects a 30% uptick in revenue and a top-line of 520 crores by 2027 on a consolidated basis. The company reported revenue of Rs 399.4 crore in Dec 2023 and has a production capacity of over 2.5 lakh sq. feet, where it manufactures 36 million meters of fabric and 2.5 million bottoms per annum. It has reported robust financial results over the years, with a 10-year CAGR of 13 percent in Revenue and 13 percent Net Profit. 

Mr. Bhavin Parikh, Chief Executive Officer at Globe Textiles (India) Limited, said, “As Globe Textiles progresses with its evaluation and potential application process for a direct listing on BSE Limited, the company remains dedicated to maintaining open communication and transparency with its stakeholders, including shareholders, employees, customers, and regulatory bodies”.

Globe Textile’s decision to explore a direct listing on BSE Limited reflects its confidence in the company’s strong fundamentals, growth trajectory, and commitment to delivering sustained value to investors over the long term.

About Globe Textile:

Globe Textiles (India) Limited. (Acronym: GTIL) is a STAR Exporter of Fabrics and garments catering to global and domestic markets for the last one decade. GTIL is one of the top-ranked and highly reputed companies in the private sector, with primary business forays in exporting fabrics. GTIL operates a futuristic manufacturing facility of sheer production brilliance dedicated to garmenting for international customers in an Apparel Park. Cumulatively, the company has its production capacity sprawled over 3.5 lakh sq. feet housing various divisions. Together, it manufactures 2 million bed sets, 36 million meters of fabric and 2.5 million bottoms per annum. It has over 1200 workers and a team of over 100 staff members on board cumulatively.

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New Delhi (India), May 9: Abeer Vivek Abrol, Mumbai’s youngest art collector, embodies a legacy spanning three generations of art connoisseurship. His collection boasts masterpieces by iconic artists like MF Husain, Akbar Padamsee, Arpita Singh, Krishen Khanna, and Ram Kinkar Baij, among others. Each artwork in his possession is not merely an acquisition but a cherished relic, a portal to a world of artistic brilliance and cultural significance.

Recently, Abrol achieved a significant milestone by attaining his master’s degree in Art Evaluation from Sotheby’s Art Institution in London and New York. As the only Indian student and the youngest in his master’s course, his journey at Sotheby’s was exceptional, reflecting his passion, dedication, and commitment to the art world.

Abrol’s time at Sotheby’s was transformative. In London, he delved into the intricacies of art evaluation, honing his skills in assessing the value and authenticity of artworks. His coursework was rigorous, covering topics ranging from art history to market trends, providing him with a comprehensive understanding of the art market.

Following his stint in London, Abrol embarked on another chapter of his journey in New York, where he immersed himself in the study of art law and crime in art. This phase of his education was crucial, as it equipped him with the legal knowledge and expertise necessary to navigate the complexities of the art world.

Despite being the youngest and the only Indian student at Sotheby’s, Abrol excelled in his studies, earning accolades for his academic achievements and exemplary performance. His passion for art, coupled with his sharp intellect and dedication, set him apart, earning him respect and admiration from his professors and peers alike.

Beyond academia, Abrol’s journey at Sotheby’s was a testament to his unwavering commitment to the arts. His time spent in London and New York provided him with invaluable experiences and insights, shaping him into a formidable force in the art world.

As Abeer Vivek Abrol continues to chart new territories in the art world, his journey serves as an inspiration to aspiring art enthusiasts and collectors worldwide. His dedication, passion, and commitment to the arts reaffirm the enduring power of art to transcend boundaries and unite people from diverse backgrounds.

In Abeer Vivek Abrol, we find more than just a collector; we find a trailblazer, a visionary, and a custodian of cultural heritage. His journey at Sotheby’s is a testament to his relentless pursuit of excellence and his unwavering dedication to the arts.

Follow his journey on Instagram: @pozo_art.

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Mumbai (Maharashtra) [India], May 9:  In the ever-evolving landscape of consumer goods, the contract manufacturing industry stands as a cornerstone, facilitating the seamless production of a myriad of products across various sectors. From cosmetics, beauty, personal care to food and beverages, contract manufacturers play a pivotal role in meeting the growing demands of consumers while ensuring efficiency and quality in production processes.

The Fast-Moving Consumer Goods (FMCG) sector, in particular, has witnessed a significant surge in demand over the years, driven by factors such as changing consumer preferences, urbanization, and the rise of e-commerce. This surge has presented lucrative opportunities for players in the contract manufacturing space, who serve as the backbone of FMCG companies by providing scalable production capabilities and specialized expertise.

Amidst this backdrop of burgeoning opportunities, industry events such as the Contract Manufacturing & Private Label Expo – being held from 15 – 17 May 2024 at Jio World Convention Centre, Mumbai, India – emerge as crucial platforms for stakeholders to connect, collaborate, and stay abreast of the latest trends and innovations in contract manufacturing. CMPL Expo, recognized as the premier gathering for the contract manufacturing industry, provides a credible platform for manufacturers, suppliers, and service providers to showcase their capabilities, forge partnerships, and explore business opportunities.

CMPL has played a huge role in in giving credibility to the Indian FMCG contract manufacturing industry and is India’s only platform that connects Retailers, D2C Brands, Contract Manufacturers, FMCG Brand Owners, Specialty Retailers, Pharmacy Chains, Packaging Suppliers and other industry players, and has today successfully created an ecosystem for the industry to connect and drive business opportunities for all stakeholders under one roof.

Anurag Kedia Co-Founder, Pilgrim says “CMPL is a platform to enable the entire brand-manufacturer-supplier ecosystem to come together. It not only helps forge new partnerships but also celebrates existing ones. It helps brands grow through deepening partnerships throughout the manufacturing ecosystem. We look forward to participating.”

One of the key advantages of CMPL Expo lies in its ability to bring together a diverse range of stakeholders under one roof, fostering meaningful interactions and facilitating knowledge exchange. From industry giants to emerging startups, participants at CMPL Expo represent the entire spectrum of the contract manufacturing ecosystem, creating a dynamic and vibrant environment for networking and collaboration.

Ms Naiyya Saggi, Group Co-Founder – The Good Glamm Group states “I am excited to be speaking at CMPL, Asia’s largest platform for sourcing in contract manufacturing & private label. As an Advisory Board member, it is heartening to observe firsthand the impact this Expo has on helping manufacturers reach out to a global audience. The scale at which this is done annually is also special to experience in India. This is a must-visit expo for brands to get a complete solution on finding the right partners for their end to end requirements.”

Moreover, CMPL Expo goes beyond being a mere trade show, offering a comprehensive program of seminars, workshops, and panel discussions addressing the most pressing issues and trends shaping the industry. By providing valuable insights and thought leadership, CMPL Expo empowers attendees to stay ahead of the curve and adapt to the evolving demands of the market.

As per Arjun Vaidya, Co-Founder – V3 Ventures – “It’s a pleasure to be a part of an event like this bringing all stakeholders in one place. Manufacturers, marketers, brands and investors all under one roof. Can’t wait for it!”

“The CMPL event is a testament to our commitment to promoting contract manufacturing and private label businesses in India. This event brings together industry leaders, contract manufacturers, and entrepreneurs, offering them a platform to exchange ideas, forge partnerships, and drive innovation. We are thrilled to welcome industry professionals from around the world to CMPL Expo,” said Vicky Menezes, Founder of CMPL Expo.

In addition to fostering business opportunities, CMPL Expo plays a crucial role in driving innovation and sustainability within the contract manufacturing industry. With increasing emphasis on environmental responsibility and ethical sourcing, CMPL Expo serves as a platform for companies to showcase their commitment to sustainability initiatives and explore innovative solutions to reduce their environmental footprint.

As the contract manufacturing industry continues to evolve and expand, events like CMPL Expo will remain instrumental in driving growth, fostering collaboration, and shaping the future of the industry. By providing a conducive environment for networking, learning, and business development, CMPL Expo reaffirms its position as the premier destination for stakeholders in the contract manufacturing ecosystem.

With an anticipated attendance of over 18,000 trade professionals, the 2024 CMPL edition will be held from 15-17 May at Jio, BKC and will feature over 400 exhibitors spanning the food, beauty, cosmetics, personal care, hygiene, cleaning, packaging, and other FMCG sectors. With an unparalleled lineup of exhibitors, buyers, and speakers, this year’s expo promises to be an unforgettable event. If you’re a brand owner looking to build your brand in the FMCG industry, then CMPL Expo is the place to be!

Don’t miss your chance to be a part of the largest gathering of the contract manufacturing industry and make the most of three days of networking, sourcing, and business growth. Kindly visit the website for registration  cmplexpo.com

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New Delhi [India], May 9: For Geeta Bachaspati, travel isn’t just about snapping photos in front of iconic landmarks. It’s about peeling back the layers, venturing beyond the tourist facade, and truly experiencing the cultural kaleidoscope that each destination offers. This deep-seated love for immersive travel experiences is the driving force behind AdventureBond, a Bangalore-based travel agency that curates bespoke holidays designed to transform travelers from passive observers into active participants in the cultural narrative.

AdventureBond caters to a distinct niche – the curious explorer who craves more than postcard-perfect landscapes and luxurious accommodations. Their clientele yearns for a deeper connection with the cultures they visit. They want to savor the explosion of flavors in local cuisine, witness the pulsating energy of vibrant festivals, and immerse themselves in the rich tapestry of customs that define a place.

“We’re not in the business of selling generic travel packages,” clarifies Geeta, an “intrapreneur” who brings a unique blend of corporate experience and entrepreneurial spirit. “We create transformative experiences. We empower travelers to become storytellers, not just tourists.”

The secret sauce behind AdventureBond’s success lies in the meticulous crafting of their itineraries. They meticulously research and curate unique experiences that go beyond the well-trodden tourist trail. Imagine yourself whisked away to a serene tea ceremony in Japan, where the gentle clinking of porcelain cups and the delicate aroma of matcha transport you to a world of tranquility. Or perhaps you find yourself in Indonesia, learning the ancient art of batik dyeing, your hands working in harmony with the local artisan to create a piece of wearable art steeped in cultural significance. Maybe South America beckons, and you’re swept up in the electrifying energy of a local festival, surrounded by the pulsating rhythm of music and the vibrant colors of traditional costumes. AdventureBond doesn’t just show you these experiences; they ensure you become an integral part of them.

This unwavering commitment to immersive travel has resonated with a growing community of happy clients.   AdventureBond fosters a loyal clientele who return year after year, eager to delve into new cultures with the company’s expert guidance.  Testimonials paint a picture of unforgettable journeys – from learning the art of pasta making in a cozy Italian nonna’s kitchen to volunteering at a wildlife sanctuary in South Africa, each experience fostering a deeper connection with the world and its people.

The future of AdventureBond is as vibrant and diverse as the cultures they showcase. The company has ambitious plans to expand its offerings, encompassing a wider range of destinations, unique accommodations that reflect the local character, and carefully curated experiences designed to cater to a variety of interests.  Imagine staying in a traditional riad in the heart of a bustling Moroccan medina, or glamping under the star-studded sky of the Namibian desert. The possibilities are endless.

AdventureBond stands out by offering a seamless and intuitive online booking platform for hassle-free reservations. This caters to the luxury traveler seeking immersive cultural experiences, breathtaking views, and personalized itineraries – all at an affordable price point.

Geeta Bachaspati’s vision, however, extends far beyond meticulously crafted itineraries and exotic destinations. She aspires to make AdventureBond synonymous with transformative travel, a company that unlocks the doors to a world of cultural discovery.   With her infectious passion and unwavering dedication at the helm, AdventureBond is poised to redefine the very essence of travel, transforming it from a fleeting vacation into an unforgettable journey of exploration, connection, and self-discovery.

Her infectious passion and unwavering dedication are poised to redefine travel itself, transforming it from a fleeting vacation into an unforgettable journey of exploration, connection, and self-discovery.

A vivid travel enthusiast, Geeta’s love for exploring new cultures and delving deeper into their essence fueled the creation of AdventureBond. Through this travel agency, she provides a platform for others to live their travel dreams and create lasting memories.

AdventureBond targets adventure seekers who crave exploration, wherever their hearts may lead them. The company offers a rich and aesthetic travel experience that caters to a budget-conscious audience.

Geeta believes travel is more than just ticking destinations off a list. It’s a chance to reconnect with you, discover hidden passions, and return home with a renewed perspective. Visit their website at https://adventurebond.com/ and start planning your adventure of self-discovery!

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