Category: Business

Surat (Gujarat) [India], May 8:  BigBloc Construction Limited, one of the largest manufacturers of Aerated Autoclaved Concrete (AAC) Blocks, Bricks, and Panels in India has reported consolidated net profit of Rs. 8.65 crore (PAT margin 12.05%) for Q4 ended March 2024, growth of 55.65% Y-o-Y as compared to the net profit of Rs. 5.56 crore (PAT margin 11.76%) in Q4 FY23. Revenue from Operations during Q4 FY24 was reported at Rs. 67.95 crore, a rise of 46% Y-o-Y as compared to revenue of Rs. 46.55 crore reported in Q4 FY23. EBITDA for Q4 FY24 stood at Rs. 12.55 crore (EBITDA Margin 18.47%), rise of 18.35% as compared to EBITDA of Rs. 10.60 crore (EBITDA Margin 22.78%) during Q4 FY23. EPS for Q4FY24 stood at Rs. 1.22 per share. The Company has recommended a final dividend at the rate of 20% for the FY 23-24 subject to the approval in the Annual General Meeting.

The Company has recommended a final dividend at the rate of 20% for the FY 23-24

Incorporated in 2015, BigBloc Construction Ltd is one of the largest and only listed company in the AAC Block Space with an installed capacity of 10.75 lakh cubic meters per annum. Company’s manufacturing plants are located in Umargaon (Vapi) and Kapadvanj (Ahmedabad) in Gujarat and Wada (Palghar) in Maharashtra. It is among very few company in AAC industry to generate carbon credits.

Mr. Narayan Saboo, Chairman, Bigbloc Construction Ltd said, “Q4 and FY24 results marked a milestone with the company achieving its highest-ever revenue, EBITDA, and net profit figures, reflecting robust operational and financial performance. This consistent performance underscores the company’s commitment to delivering growth while maintaining healthy margins and adhering to its long-term growth strategy. We expect the growth momentum to continue and expect to get further boost in coming years. Company’s Strategic growth initiatives, operational efficiency, and a thrust on launching innovative and environmentally friendly solutions will be key differentiator and growth driver for future growth and value maximization for all the stakeholders.”

Post completion of all ongoing expansion, the company’s total capacities will increase to 13 lakhs cubic meter per annum by June 2024 making the company one of the largest players in the country.

Highlights: – FY24 Results

Company for FY24 reported consolidated net profit of Rs. 30.69 crore (PAT margin 12.4%) as compared to the net profit of Rs. 30.14 crore (PAT margin 15.00%) in FY23. 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 (EBITDA Margin 23.09%), rise of 12.29% as against EBITDA of Rs. 50.01 crore (EBITDA Margin 24.99%) in FY23. EPS for FY24 stood at Rs. 4.36 per share.

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. Company added new clients including JSW Steel plant – Vasind, Birla Vanya, Symbiosis International University, GERA Developers Pvt Ltd , Nyati Group, MIT World Peace University, Som Projects Pvt.Ltd, Afcon Infrastructure among many others. Green and non-toxic building construction material, AAC blocks are lightweight, soundproof, and fire resistant, offer superior build quality, eco-friendly and economical too compared to traditional bricks.

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Panchkula (Haryana0 [India], May 8: Asian Granito India Limited (AGL), a leading brand in luxury surface products such as Tiles, Marbles, Quartz, and Bathware solutions has inaugurated AGL Universe – a mega size showroom in the planned city, Panchkula, Haryana. The showroom showcase the company’s production, technological and innovation excellence at one place and boasts a lavish display ambiance, featuring creatively enhanced mockups that invite customers to envision the product in a remarkably realistic manner.

Experience an unparalleled range of AGL Tiles, Engineered Marble, Quartz, Sanitaryware, Bathware, Grand Slabs and Faucets, all thoughtfully curated under one roof.

The showroom was inaugurated by Chief Guest, Shri Gian Chand Gupta, Speaker of Haryana Legislative Assembly, Mr. Shaunak Patel, Associate Director in the presence of Mr. Mukesh Singla, MD, Shree Durga Marble & Granite, senior leadership team of the Asian Granito India Ltd, Shree Durga Marble & Granite, dignitaries of the city and esteemed guests on 6 May 2024.

The AGL Universe in Panchkula is opened in Association with Shree Durga Marble & Granite and located at  Panchkula Industry Area Phase 1, Panchkula, Haryana. It will be one of the biggest and most advanced display showroom in the state of Haryana and will have the latest range of products like Marblex, Stylex, Fresco, Tuffguard, Signature collection and Artware as main attraction to experience.

The showroom aims to display the entire range of exclusive and elegant range of premium tiles and surfaces collection including Glazed Vitrified tiles, Grand Slabs, Engineered marble, Quartz, Sanitaryware & bathware range including 1400 plus products in all sizes, designs and finishes, all under one roof.

Speaking on this occasion, Mr. Kamlesh Patel, Chairman and Managing Director, Asian Granito India Ltd said, “AGL Universe at Panchukula aims to present our newest collection, delivering an unmatched shopping experience for our valued customers. This destination is set to revolutionize tile shopping, offering sophisticated designs and immersive visuals. Customers will be able to explore trendy designs and a contemporary shopping atmosphere, sparking creativity in space creation. Our showroom is a valuable resource for corporate clients, architects, interior designers, and trade partners, offering a comprehensive range of premium tiles, GVT collection, slabs, engineered marble, quartz, sanitaryware, and faucets—all conveniently housed under one roof.

Company also has recently signed Bollywood heartthrob Ranbir Kapoor as its brand ambassador. Recognized for his charm, versatility, and youthfulness, Ranbir Kapoor perfectly embodies the spirit of Asian Granito – innovative, dynamic, and constantly evolving. The partnership with Ranbir Kapoor reaffirms the brand’s commitment to excellence and innovation, promising an exciting future ahead.

As a young and fastest-growing brand, Asian Granito India Ltd continues to push boundaries with its innovative and rich collection of products and is committed to staying ahead of the curve. With Ranbir Kapoor on board, the brand aims to further elevate its presence in the market and connect with a wider audience, especially the youth segment.

The company has launched two TV commercials as part of the campaign “Premium ka Pappa”. In its initial stages, the campaign has already garnered nearly 10 million views on YouTube. The campaign offers a glimpse into the premium lifestyle that AGL products bring into homes, with Kapoor himself showcased as a believer in the brand’s innovative sophistication. As the campaign continues to gain traction and dominate digital spaces, AGL reaffirms its position as a trailblazer in the home decor industry, setting new standards for innovation and creativity. This surge of excitement and anticipation is not only evident among fans but also within industry circles.

Asian Granito has 2,942 plus SKUs on offer in Tiles segment, 1,100 plus SKUs in Bathware and faucets and 126 plus SKUs in Engineered Marble and Quartz Stone. Over the years, the company has invested heavily in expanding production capabilities, product portfolio, distribution network and global reach. This dedication has propelled it on a path of continuous growth, positioning the company among the leading ceramic tiles companies in India and an emerging brand in the global markets. 

In a short span of two decades, Asian Granito India Ltd has emerged as India’s leading Luxury Surfaces and Bathware Solutions brand. The Company manufacture and markets a range of Tiles, Engineered Marble and Quartz, Sanitaryware and Faucets. The Company has 235 plus exclusive franchisee showrooms, 11 company owned display centers and an extensive marketing and distribution network pan India with 14,000 plus touchpoints including distributors, dealers and sub-dealers in India. The Company also exports to more than 100 countries.

About Asian Granito India Limited

Established in the year 2000, Asian Granito India Ltd. (AGL) has emerged as India’s leading Luxury Surfaces and Bathware Solutions brand in a short span of two decades. The Company manufactures and markets a wide range of Tiles, Engineered Marble and Quartz, Sanitaryware and Faucets. AGL products are synonymous with reliability, adaptability, innovation, quality consciousness and the company has created a strong brand identity, well recognized globally and loyal customer following across segments. Today it is 4^th largest listed ceramic tile company in India with employee strength of 6,000 plus.

Ranked amongst the top ceramic tiles companies in India, AGL has achieved over 65 times growth in its production capacity, from 0.83 Million Sq. Mtrs. Per Annum in FY 2000 to 54.5 Million Sq. Mtrs. Per Annum in FY2023. AGL is also the only tiles company to be acknowledged in the Vibrant Gujarat Summit 2015 for achieving phenomenal growth.

The Company has 14 state-of-the-art manufacturing units spread across Gujarat and 235 plus exclusive franchisee showrooms, 11 company owned display centers across India. Further, the Company has an extensive marketing and distribution network pan India with 14,000 plus touchpoints including distributors, dealers and sub-dealers in India.

The Company looks to strengthen its identity as the leader in the Indian ceramic industry by consistently introducing innovative and value-added products in the market to keep pace with its valued customers. Headquartered in Ahmedabad, AGL is listed on NSE & BSE and reported net consolidated turnover of INR 1562.7 crore in FY 2023. The Company exports to more than 100 countries. (For more information, please visit: www.aglasiangranito.com)

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Bengaluru (Karnataka) [India], May 8: Venugopal Gold Palace, a renowned retailer of gold, silver, and gemstone jewellery established in 1960, has been honored with the prestigious Indian Iconic Gold Jewellery Store of the Year 2024 award at the Indian Icon Awards ceremony held at The Lalit Ashok, Bengaluru.

Founded by Mr. Venugopal, Venugopal Gold Palace has been a symbol of elegance and craftsmanship in the jewellery industry for over six decades. The store specializes in exquisite gold and silver jewellery, including a stunning collection of gemstones. With a commitment to timeless designs and exceptional quality, Venugopal Gold Palace offers a diverse range of jewellery suitable for every occasion, from bridal wear to unique gifting options.

“We are thrilled to receive the Indian Iconic Gold Jewellery Store of the Year award,” said Mr. Venugopal, Founder of Venugopal Gold Palace. “For us, jewellery is not just an accessory but a piece of art that reflects tradition, craftsmanship, and beauty. This award is a testament to our dedication to providing our customers with the finest jewellery pieces crafted with passion and expertise.”

Venugopal Gold Palace’s exquisite designs blend traditional inspirations with contemporary craftsmanship, creating one-of-a-kind jewellery pieces that are as mesmerizing as they are unique. The store also offers a range of wedding and temple jewellery, as well as luxurious home accessories like silver dinner sets and frames.

Located at 7-455-A, Dr. Rajkumar Road, KOLLEGAL, Chamrajanagar, Karnataka, Venugopal Gold Palace has become a destination for jewellery connoisseurs seeking exclusive designs and exceptional quality. The store’s commitment to authenticity is evident through its association with registered jewellers, ensuring customers receive only the best quality products.

“We extend our heartfelt gratitude to the Indian Icon Awards for recognizing our dedication to the craft of jewellery making,” Mr. Venugopal added. “We look forward to continuing our tradition of offering exquisite jewellery that celebrates the essence of beauty and craftsmanship.”

For more information about Venugopal Gold Palace and their stunning jewellery collection, visit their store or contact them via WhatsApp at +91 8088999292, mobile at +91 9741709217, or email at Venugopalgoldpalace@gmail.com.

Media Contact:

Name: Mr. Venugopal

Title: Founder

Phone: +91 9741709217

Email: Venugopalgoldpalace@gmail.com

Award Details:

Award Category: Indian Iconic Gold Jewellery Store of the Year 2024

Award Recipient: Venugopal Gold Palace

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New Delhi (India), May 6: ‘Winsol Engineers Limited’ Ltd IPO opens on 6th May 2024 and Closes on 9th May 2024.  ‘Winsol Engineers Limited’ Ltdwas incorporated as ‘Winsol Engineers Private Limited’ at Jamnagar, later the Company was changed to ‘Winsol Engineers Limited’ on December 21, 2023.

Located in Jamnagar, Winsol Engineers Limited is an integrated engineering, procurement, construction, and commissioning company that provides Balance of Plant (BoP) Solutions for both wind and solar power generation companies. The company’s core services for BoP Solutions include Foundation work, Substation Civil and Electrical work, Right of Way services, cabling to substation and Grid, and Miscellaneous work; their clients are in the renewable energy industry who prefer Winsol Engineers Ltd. for the BoP solutions due to their historic track record of timely completion of the project, expertise and extensive experience in the business and cost efficiency. In addition to its core BoP Solutions, the company also provides Operation and Maintenance services for Plant handling and monitoring. The company has benefited from the extensive experience of its Promoters, Mr. Ramesh Jivabhai Pindariya and Mr. Kishor Jivabhai Pindariya, who are associated with the company since its incorporation and have more than 35 (Thirty-Five) years in the Engineering Industry. The Board of Directors, Key Managerial Personnel and Senior Management Personnel has also made a significant contribution to the growth of the company.

Post IPO, the company’s shares will be listed on NSE EMERGE. 

Winsol Engineers Limited’s IPO Objectives:

-The company plans to allocate the net proceeds from the issuance to the following purposes

-To meet working capital requirements.

-General Corporate Purpose.

Key Financials: 

The company has posted a total revenue of 2,216.35 Lakhs. (FY21), Rs. 6,070.19 Lakhs (FY22), Rs.6 538.66 Lakhs (FY23) and Rs. 5,195.23 (For the period ended December 2023).

The company has posted a Net Profit of 49.44 Lakhs. (FY21), Rs. 108.46 Lakhs (FY22), Rs.518.07 Lakhs (FY23) and Rs. 677.26 (For the period ended December 2023).

Book Running Lead manager of the issue is Beeline Capital Advisors Pvt Ltd, and the Registrar of the issue is KFin Technologies Limited.

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New Delhi [India], May 6: Watches make for the most timeless gifts and probably none more than Galaxy Watches. Made in India, these watches are a specimen of fine craftsmanship and horology. Made with passion, dedication and love, each watch is a statement piece that you’ll cherish for years to come. 

The Galaxy Watch brand is a symbol of class, power and sophistication. With a wide range of watches for men, women and couples they offer you a product line that will give you a multitude of choices. With a passion for precision, they have choices for every occasion.

From simple yet iconic chronographs to minimalistic pieces that exude charm, there is something for every type of customer. Due to their affordability, iconic designs and world class quality the brand has carved a niche for itself in the Indian markets. 

For men, the collection of watches exude power and sophistication. From powerful pieces to sleek minimalist designs, Galaxy has the perfect piece that fits your style and refinement with precision. You will find something for every occasion, and every statement.

But more than just functional accessories, Galaxy makes watches that are symbols of your personal style. With world class designs that go with every outfit, the range of products available in the collection for women will blow you away. No matter our outfit of the day, you will find a watch that matches your vibe. Galaxy provides you with the perfect balance of functionality and design.

The couples collection is the perfect symbol to celebrate your everlasting love and togetherness. Crafted with the same love and care you have for your partner, these watches make for the best gifts for every occasion. You can celebrate your love everyday by wearing a Galaxy Watch every time you step out. With their everlasting designs, these watches never go out of style like your love. 

The Galaxy Watch brand sets itself apart from all the other watches with its steadfast dedication to the “Make in India” initiative. All of its watches are made in the country and will add to your sense of pride of being an Indian. Making luxury affordable, Galaxy also offers a unique and powerful range of affordable options. To ensure that wearing iconic chronographs don’t break your pocket, opt for a Galaxy Watch. 

Celebrate your love for watches and craftsmanship with Galaxy Watch. A homegrown brand with a wide range of products for him, her and you both together, Galaxy makes the most iconic pieces in an affordable range.  Standing out as a pillar of excellence, elegance, innovation and precision, these watches will add to your sense of style and help you ooze class every time you put one on. 

Looking for the perfect gift or fashion statement? Look no further than Galaxy Watch.

For more information: https://www.galaxywatches.in 

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Bengaluru (Karnataka) [India], May 6:  EMIYA ENTECH PRIVATE LIMITED, a trailblazer in the building construction industry with its innovative gypsum plastering solutions, has been honoured with the prestigious Indian Iconic Gypsum Company of the Year 2024 award at the Indian Icon Awards ceremony held at The Lalit Ashok, Bengaluru.

Founded by Siji PS (CEO), Shobha P.R (Chairperson), and Nithin H.V (Managing Director), EMIYA ENTECH PRIVATE LIMITED has redefined the plastering segment by introducing a revolutionary alternative to traditional cement and sand plastering. Their flagship product, Sarwinplast HD-MR Gypsum Plastering material, offers a complete plastering solution without the need for sand, cement, water curing, white cement, or wall care putty.

“We are thrilled to receive the Indian Iconic Gypsum Company of the Year award,” said Siji PS (CEO), Shobha P.R (Chairperson) of EMIYA ENTECH PRIVATE LIMITED. “At EMIYA, we are committed to innovation and sustainability in the construction sector. Our Sarwinplast HD-MR Gypsum Plastering material not only simplifies the plastering process but also delivers superior quality and finish, making it ideal for a wide range of internal plastering applications.”

EMIYA ENTECH PRIVATE LIMITED began its gypsum marketing journey in Kerala in 2012 and has since expanded its reach to cover entire South India, including Andaman, and parts of Middle India with various gypsum materials. With ambitious plans to penetrate the entire Indian market by the end of 2028, the company aims to establish itself as a leading provider of innovative gypsum solutions nationwide.

“We are grateful to the Indian Icon Awards for recognizing our efforts to revolutionize the construction industry,” added Nithin H.V, Managing Director of EMIYA ENTECH PRIVATE LIMITED. “This award is a testament to our dedication to providing sustainable and efficient solutions that contribute to the advancement of building practices.”

For more information about EMIYA ENTECH PRIVATE LIMITED and their innovative gypsum solutions, please contact them at +91 9747410514 or via email at emiyaentech@gmail.com.

Media Contact:

Name: Siji PS

Title: CEO

Phone: +91 9747410514

Email: emiyaentech@gmail.com

Award Details:

Award Category: Indian Iconic Gypsum Company of the Year 2024

Award Recipient: EMIYA ENTECH PRIVATE LIMITED

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Kochi (Kerala) [India], May 6: In a momentous stride towards growth and expansion, KLM Axiva Finvest, India’s leading financial institution, announced the inauguration of its new headquarters building, the “KLM Grand Estate,” located at NH Bypass Edappally in Kochi. The achievement comes as a pivotal milestone in the company’s journey towards progress and innovation. The inauguration which was held on 5th May 2024, at 2:00 PM, by Shri VD Satheesan, Honourable Leader of Opposition. Shri TKA Nair, former Principal Secretary to the Prime Minister of India will be the Chief Guest. Indian Tennis Legend, Sania Mirza also joined the event as the Celebrity Guest.

Cardinal Mar George Alencheri delivered the benedictory address. KLM Axiva Executive Director Shibu Theckumpuram addressed the gathering with opening remarks.

The event was further distinguished by the presence of notable guests including Shri. M. Anil Kumar, Mayor, Kochi Corporation, Shri. Hibi Eden MP and Smt. Uma Thomas MLA.

Shri. K Paul Thomas, Managing Director and CEO, ESAF Small Finance Bank inaugurated the KLM arena. Shri. Aju Jacob, Joint Managing Director, Synthite Industries inaugurated the KLM Management Institute.

KLM Axiva Chairman, Shri. TP Srinivasan presided over the function. Shri. MP Joseph, Shri. Abraham Tarian and Prof. KM Kuriakose, the Directors of KLM Axiva addressed the gathering.

In addition to the ceremonial proceedings, the inauguration festivities featured a “Meet the Legend” programme, offering young tennis talents a unique opportunity to interact with Smt. Sania Mirza. Further enhancing the company’s commitment to sports development, KLM Axiva will launch the ‘ACE’ project, aimed at nurturing budding tennis talents by providing essential sports equipment.

Spanning 25,000 square feet across 5 floors, the KLM Grand Estate will serve as the centralized hub for all divisions of KLM Axiva. Boasting the state-of-the-art facilities including KLM Arena, Management Training Institute, Business Facilitation Center, and HR Lounge, the headquarters epitomizes the company’s dedication to innovation and sustainability.

KLM Axiva Finvest is opening up the new corporate office during its Silver Jubilee year of inception with ambitious plans for expansion. KLM Axiva aims to grow its branch network to 2000 within the next 3 years and to manage assets worth Rs 5000 crores. Additionally, the group will launch a new NBFC dedicated to microfinance this year, underscoring its commitment to financial inclusion.

In alignment with its vision for global outreach, KLM Axiva is also announcing the launch of branches in the United Kingdom, focusing on offering gold loans, money transfers, and currency exchange services. Ten branches will be opened in the UK this year.

CEO Manoj Ravi, while speaking at the press conference in Kochi, emphasized that the KLM Grand Estate symbolizes the company’s unwavering dedication to customers and investors, marking a significant milestone in its journey of growth and prosperity. Executive Director Shibu Theckumpurum, along with the Directors Abraham Tharian, MP Joseph and Biji Shibu were also present. They reiterated the company’s commitment to excellence and innovation.

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