Tag: Business

  • Fourfront Limited Files DRHP On BSE SME For IPO

    Fourfront Limited Files DRHP On BSE SME For IPO

    Mumbai (Maharashtra) [India], July 4: Fourfront Limited (Fourfront, the Company), an automotive component manufacturer with design capabilities for electromechanical and power electronics products for the EV and industrial automotive sectors, has announced plans to enter the primary market with an IPO.

    The company has filed its Draft Red Herring Prospectus with BSE SME in preparation for the IPO. The company plans to issue 65,00,000 fresh equity shares with a face value of ₹ 10 each.

    As the company advances with its IPO plans, Part-financing the Proposed Project FF, Funding incremental working capital requirements, Investment in our wholly owned Subsidiary for financing the Proposed Project EV, funding its incremental working capital requirement and general corporate purposes. The capital raised will support the company’s strategic objectives, strengthen its competitive.

    Beeline Capital Advisors Private Limited has been appointed as the Book Running Lead Manager to the Issue, while MUFG Intime India Private Limited will serve as the Registrar to the Issue.

    About Fourfront Limited:

    Fourfront Limited is a manufacturing company specializing in electromechanical and power electronics products for the automotive industry. Operating under its flagship brand, the company produces switches, USB chargers, DC-DC converters, onboard chargers, Power Distribution Units, and other electronic components catering to both conventional and electric vehicles. With a strong presence in the commercial vehicle segment, Fourfront serves multiple leading OEMs and industrial product manufacturers across India.

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  • HOAC FOODS INDIA LIMITED Raises ₹1,000.00 Lakhs in Qualified Institutional Placement (QIP)

    HOAC FOODS INDIA LIMITED Raises ₹1,000.00 Lakhs in Qualified Institutional Placement (QIP)

    New Delhi [India], July 4: HOAC FOODS INDIA LIMITED, a primarily engaged in the manufacturing and distribution of high-quality natural food products under the brand name “HARIOM”, offering a diverse range that includes chakki atta (wheat flour), organic herbs and spices, unpolished pulses, grains, and cold-pressed yellow mustard oil, has successfully raised ₹1,000.00 Lakhs through its first-ever Qualified Institutional Placement (QIP). The QIP, launched on June 30, 2025, and closed on July 03, 2025, saw significant interest from investors, underscoring strong confidence in the company’s strategic vision and market position.

    HOAC Foods India Limited allocated 4,97,250 equity shares, each with a face value of ₹10, to qualified institutional buyers (QIBs) at an issue price of ₹201 per share. This pricing represents a discount of approximately 5.00% to the QIP floor price of ₹210.64 per share, as determined by SEBI regulations. The QIP was fully subscribed, reflecting the high demand and investor confidence in HOAC Foods India Limited.

    Investors participating in this QIP include NINE ALPS OPPORTUNITY FUND, HOLANI VENTURE CAPITAL FUND, MILI CAPITAL INVESTMENT TRUST, PARADISE MOON INVESTMENT FUND I, MONEYWISE FINANCIALSERVICES PRIVATE LIMITED, SWYOM INDIA ALPHA FUND, CHANAKYA OPPORTUNITIES FUND 1, Beacon Stone Capital VCC – Beacon Stone I, SAINT CAPITAL FUND.

    The proceeds from the QIP will be strategically deployed to accelerate HOAC Foods India Limited growth plans. These include funding working capital requirement for the expected rapid growth in the coming years.

    Commenting on the fund raise, Mr. Rambabu Thakur, Managing Director said: “The overwhelming response to our QIP from investors is a testament to their trust in HOAC Foods India Limited vision and strategy. The successful completion of this QIP, marks a pivotal moment in our journey. The raised capital will fortify our working capital requirements and ensure to maintain robust growth momentum.”

    The Book Running Lead Managers (BRLMs) to the QIP issue were GYR Capital Advisors Private Limited.

    “Mahek Sejwani from GYR Capital said, ‘GYR Capital is proud to have successfully closed the QIP of HOAC India Ltd., marking yet another milestone in our association. From a successful IPO to scaling exports and now institutional fundraising, HOAC’s journey reflects consistent growth and strategic execution.”

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  • Debtkart Announces Grand Opening of Gurugram Office, for Financially Distressed Borrowers

    Debtkart Announces Grand Opening of Gurugram Office, for Financially Distressed Borrowers

    Gurugram (Haryana) [India], July 4:  Settlend Legal Advisors LLP, operating under its registered flagship brand Debtkart, is proud to announce the launch of its new office in Gurugram, marking a key milestone in its rapid expansion as India’s first and only dedicated law firm focused solely on borrower protection and ethical debt resolution. This move comes amid growing demand for legitimate legal support among borrowers facing unlawful recovery practices, coercive arbitration, and mounting credit burdens across the country.

    Strategically located in Gurugram—a major financial and technology nerve centre of Northern India—the new office is expected to serve as a high-capacity legal support hub, enabling faster redressal, deeper outreach, and direct engagement with lending institutions, fintech platforms, and regulatory authorities operating in the region.

    A Journey from Resistance to Recognition

    Founded with a bold mission to restore dignity and fairness to the borrower-lender relationship, Debtkart began as a legal advocacy initiative in response to the rising epidemic of digital loan harassment, unlawful arbitration awards, and the misuse of recovery agents by banks and NBFCs. However, its journey was not without roadblocks.

    In its formative years, Debtkart faced institutional resistance, limited awareness among consumers, and a visible reluctance from lenders to accept borrower-centric legal intervention. The legal landscape itself offered few tools for individuals to resist coercive recovery mechanisms.

    “When we started Debtkart, there was virtually no structured legal defence platform exclusively catering to borrowers. Most law firms either represented banks or stayed away from low-value debt disputes. We stepped into that void, and today, we’ve built a firm that borrowers across India can trust,” said Pramita Ghosh, Managing Partner at Settlend Legal Advisors LLP.

    Through relentless litigation, legal awareness campaigns, and a tech-enabled model that allowed borrowers to seek representation from anywhere in the country, Debtkart steadily built its reputation as a borrower-first law firm. It now represents clients in matters ranging from digital loan harassment and recovery agent intimidation to cheque bounce defence, arbitration challenges, and complaints under RBI and consumer protection norms.

    A Full-Service Law Firm for Borrowers

    Debtkart is more than just a platform—it is a fully licensed law firm regulated under the Advocates Act, with a network of legal professionals, compliance experts, and former banking specialists.

    The firm offers a robust suite of end-to-end legal services, including:

    • Drafting and Issuance of Legal Notices to NBFCs, banks, recovery agents, and arbitration tribunals
    • Protection against One to One Recovery Call harassment and Field visits:  Banks and NBFC’s employ third party recovery agencies, we act as a shield in between recovery agencies and debt-ridden clients to provide them interim relief.
    • Challenging Ex Parte Arbitration Awards, illegal judgements without proper hearing, and unilateral appointments
    • Seeking Injunctions and Stay Orders against coercive recovery, salary attachment, or bank account freezes
    • Defending Section 138 BNS (Cheque Bounce) & Loan Default Cases
    • Negotiation and Representation for One-Time Settlements (OTS) and restructuring requests
    • Complaints before the RBI Ombudsman, Police Authorities, and Consumer Commissions
    • Moratorium Requests due to medical crises, involuntary unemployment, or other unforeseen hardships
    • Legal Action against Digital Loan Apps and Fintech Platforms engaged in unlawful recovery practices

    Each client is represented through dedicated legal teams that assess their case history, verify documentation, and create a tailored legal strategy—from pre-litigation notices to full-fledged representation before courts, tribunals, and regulatory bodies.

    Why Gurugram?

    The decision to open a branch office in Gurugram is both strategic and symbolic. Gurugram hosts a dense ecosystem of banks, NBFCs, fintech start-ups, and arbitration firms—making it a hotspot for financial disputes. Debtkart’s presence in this landscape will ensure:

    • Quicker response times for clients in NCR and North India
    • Easier in-person consultations and court coordination
    • Direct engagement with institutional stakeholders
    • Localized legal support in Delhi-NCR arbitrations and consumer forums

    Debtkart Office Locations

    To better serve clients across geographies, Debtkart currently operates out of the following verified locations:

    Registered Office – Kolkata

    59, Diamond Harbour Road, Ekbalpur, Khidirpur, Kolkata – 700023
    info@debtkart.in |  +91‑6293629300

    Corporate Office – Kolkata

    DBS House, 10/2 Hungerford Street, Park Street Area, Kolkata – 700017
    info@debtkart.in |  +91‑8479008479

    Development Offices – Gurugram

    Regus 3rd Floor, Tower-A, UNITECH CYBER PARK, Durga Colony, Sector 39, Gurugram, Haryana 122003
    operations@debtkart.in | ☎ +91‑062938 89388

    (Additional offices in Mumbai, and Bengaluru are in development.)

    About Debtkart

    Debtkart is the brand name of Settlend Legal Advisors LLP, a law firm incorporated under ministry of corporate affairs, specializing exclusively in borrower defence, debt resolution through loan settlement and financial consumer protection. With a pan-India presence and an expanding digital footprint, Debtkart is redefining the borrower’s legal position—making it accessible, informed, and legally protected. Debtkart provides resolution to any type of un-secured load availed though digital or offline channels and provides limited support to secured loans involving SARFAESI or DRT related challenges.

    At a time when financial distress often leads to intimidation, exploitation, or silence, Debtkart steps in as a firm voice for the vulnerable, ensuring due process, fairness, and legal accountability.

    For Press Inquiries or Interviews

    Media Contact
    Santanu Hazra
    PR & Outreach – Debtkart
    media@debtkart.in
    +91‑9748489000
    www.debtkart.in

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  • The Skin Investment That’s Changing the Morning Routine of India’s Top Professionals

    The Skin Investment That’s Changing the Morning Routine of India’s Top Professionals

    New Delhi [India], July 1: On a hectic summer morning, when the air feels thick with humidity and the day begins with a rush of meetings, deadlines, and non-stop movement, a growing number of professionals are starting their day with something surprisingly personal; a quick two-step skincare ritual that promises fresh, breathable, and hydrated skin no matter how intense the day gets. Behind this rising morning trend is Neutriderm Summer Skin Rescue Duo, a combination of gentle foaming cleanser that refreshes the skin and a daily hydrating moisturiser that locks in moisture without feeling heavy. A simple, effective, and powerful routine that’s quietly becoming the best-kept secret of India’s busiest professionals who want great skin without slowing down.

    Just Two Minutes to a Fresh Start

    In a world where time is the ultimate luxury, especially for high-achievers, skincare routines have had to keep up. Long, complicated regimens just don’t cut it anymore. That’s where Neutriderm Summer Skin Rescue Duo fits right in. This simple, two-step combo, a nourishing foam cleanser and a lightweight moisturiser delivers real results in just two minutes.

    So, what’s making it so popular? Designed to tackle the real skin struggles of Indian summers, like sweat, clogged pores, and sticky oil buildup, it’s becoming the go-to routine for CXOs, content creators, wellness experts, and busy entrepreneurs who want to stay fresh and hydrated, minus the effort.

    Step 1: Feel Fresh with Deep Cleanse

    Nothing is more refreshing than starting your day with Neutriderm Foaming Cleanser, packed with gentle, refreshing notes of rose and bergamot. It’s more than just a nice scent. This dermatologist recommended Foaming cleanser removes sweat, dirt, and pollution without drying your skin out, something every skin type can appreciate in the summer heat.

    Wondering what makes it stand out? 

    The feeling of freshness as it cleans, leaving skin soft, and hydrated, not tight or stripped. It also works as a great second cleanse too, especially if you wear makeup or sunscreen. Professionals who spend most of their day in AC environments or on the move across cities say it keeps their skin feeling calm and clean, irrespective of the weather or workload.

    Step 2: Lightweight Hydration that Locks In

    Once the skin is deeply cleansed, the next step that follows is Neutriderm Moisturising Lotion. It’s a daily hydrating moisturiser that delivers instant hydration with a lightweight, non-sticky finish. This is not an average moisturiser for dry skin, it is designed to perform even in soaring temperatures of 40°C and above, making it an ideal skin-repair moisturiser for hot urban weather conditions.

    Infused with potent Vitamin E derivatives and skin repairing agents, the formula absorbs quickly, leaving no greasy residue. Instead, it gives a dewy, natural glow that doesn’t feel heavy and feels ideal under makeup or sunscreen, and perfect as a refreshing skincare step before facing a long day.

    For professionals juggling between corporate meetings and evening events, this moisturising lotion offers long lasting comfort and hydration, ensuring that the skin stays fresh without mid-day blotting or reapplication.

    Explore The Power of Simplicity

    The real magic of this routine lies in how simple and effective it is. Most people don’t struggle with skincare because of bad products; they just can’t keep up with long routines. With just two quick steps that take under two minutes, the Summer Skin Rescue Duo makes it easy to stay consistent, even for the busiest professionals.

    And it delivers exactly what it promises:

    Deep cleaning to remove sweat and grime, coupled with lightweight hydration for a fresh, clean and hydrated skin all day.

    Dermatologists recommend it too, especially for Indian skin. The formulas are gentle but powerful, great for clearing clogged pores, reducing dullness, and calming skin irritation due to heat and humidity.

    Tried, Tested, and Appreciated

    Neutriderm Foaming Cleanser and Neutriderm Moisturising Lotion are formulated in Australia and adhere to international dermatological standards. They’re cruelty-free, clinically tested, and made with a focus on skin health, not just fragrance or packaging. 

    They provide up to 48 hours of hydration.

    The Skin Investment

    From corporate executives to fitness influencers, testimonials are pouring in. One user, a Mumbai-based marketing consultant, shares:

    “I needed something quick that didn’t melt off in the heat. The Summer Skin Rescue Duo gave me that just-showered freshness that actually lasted.”

    Another, a Bangalore-based startup founder, notes:

    “I used to carry face wipes everywhere. Now I just do this routine twice a day and my skin doesn’t feel like it’s fighting the weather anymore.”

    Designed for Indian Summers and its Hustle

    Whether you’re commuting in Mumbai’s heat, rushing to a 9 AM pitch in Delhi, or logging into back-to-back video calls in Bengaluru, the Summer Skin Rescue Duo adapts to your routine. It’s perfect for daily AM/PM use, making it as relevant for a post gym routine as it is for pre-meeting.

    The brand’s positioning is clear, this isn’t skincare for weekends or special occasions. It’s a go-to routine for sweat-proof, non-greasy summer skin, specially formulated for people who expect their skincare to work as hard as they do.

    Summer Skin Rescue Duo – Not just a Trend – A Smart Skin Investment

    While beauty trends come and go, this rise in functional skincare backed by science and simplicity seems to be here to stay. With its blend of fast application, high efficacy, and skin feel, the Summer Skin Rescue Duo is proving that you don’t need a shelf full of serums and sprays to achieve clear, confident skin, but just the right two.

    As India’s top professionals continue to prioritize wellness not just in lifestyle but in daily grooming, this emerging ritual could very well be the new standard for modern skincare.

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  • Building Sustainable Futures: Gohemp Transforms Crop Waste into Livelihood and Low-Carbon Homes

    Building Sustainable Futures: Gohemp Transforms Crop Waste into Livelihood and Low-Carbon Homes

    Mumbai (Maharashtra) [India], July 3: In a world grappling with climate change, toxic air, and rural unemployment, Gohemp Agroventures is reimagining how India builds — literally from the ground up. Founded by Namrata Kandwal and Gaurav Dixit, Gohemp is on a mission to transform agricultural residue into planet-friendly building blocks, while placing rural women and youth at the heart of this climate-smart revolution.

    With support from SoilBox, a catalytic initiative by OmniActive Improving Lives Foundation and Bioriidl, Gohemp is not just developing healthier, energy-efficient construction materials — it’s redefining what rural entrepreneurship and environmental justice can look like.

    A Carbon-Negative Vision Rooted in Rural Impact

    Every year, India burns over 15 crore tons of crop residue, releasing harmful carbon and choking the skies. Meanwhile, buildings consume 40% of energy and 50% of the earth’s crust. Gohemp flips this equation by crafting “growable” building materials — lightweight, breathable, VOC-free blocks made from hemp biomass, lime, and mineral additives.

    These materials are not only carbon-sequestering and mold-resistant, but also reduce respiratory health issues by improving indoor air quality.

    But Gohemp’s real innovation lies in its livelihood model:

    • 32 tons of raw material prevented from burning.
    • Prevented the release of 52.8 tons of CO2 into the atmosphere.
    • 6052 number of blocks made.
    • 200+ women trained and provided livelihood.
    • 122 women appointed to raw material collection.

    Through pilot programs, Gohemp is training women and youth to manage supply chains, operate machinery, and even lead block production units — creating long-term economic empowerment and dignity in rural areas.

    “We’re building more than blocks — we’re building futures. Each block laid with hemp is also a  block in the foundation of circular rural economies,” says Namrata Kandwal, Co-Founder, Gohemp.

    From Ash to Opportunity

    The journey from burnt stubble to breathable walls isn’t just a technological feat — it’s a grassroots movement. From Uttarakhand to other rural belts, Gohemp is showing how climate action can be hyperlocal, job-generating, and economically viable.

    The startup’s block-making units currently employ five people directly, with many more earning indirectly through logistics and ancillary services. As demand for eco-friendly housing rises, Gohemp’s model offers a replicable blueprint for sustainable infrastructure development across India.

    “When farmers are paid not only for what they grow but also for the carbon they help sequester — and when women lead the charge in adopting climate-resilient practices — it becomes more than a solution, it becomes a transformation,” said Rushva Parihar, Head of OmniActive Improving Lives Foundation.

    The support provided by SoilBox goes beyond financial assistance. Selected startups like Gohemp Agroventures benefit from access to real-world pilots, expert mentorship, and peer-learning networks, enabling them to refine their solutions and scale impact sustainably.

    “Gohemp is redefining green construction by converting crop waste into breathable, carbon-sequestering building blocks — while training over 200 rural women in supply chains and block-making. It’s a model that connects climate innovation directly with economic empowerment,” said Bhavna Pandya, Innovation Catalyst at riidl Somaiya Vidyavihar University, which has supported over 300 startups and more than 1,000 jobs and internships over the last 15 years.

    Across India, SoilBox is fostering a new generation of startups committed to rural innovation, environmental restoration, and economic dignity. From Uttarakhand to underserved regions, Gohemp is showing how sustainable housing can emerge from agricultural residue — and how circular rural economies can be built, one hemp block at a time.

    About SoilBox:

    SoilBox is a catalytic initiative by OmniActive Improving Lives Foundation, in partnership with Bioriidl – riidl Somaiya Vidyavihar University and funded by OmniActive Health Technologies. With a vision to reimagine rural resilience, SoilBox supports startups building farmer-first solutions that are sustainable, scalable, and rooted in local realities. From productivity and market access to circular economy models, the program nurtures ideas that go beyond innovation—forging a future where science, soil, and community come together to transform how India grows, earns, and thrives. The goal: reach 200,000+ farmers and create a lasting ecosystem of rural prosperity.

    About OmniActive Improving Lives Foundation

    OmniActive Improving Lives Foundation is the social impact arm of OmniActive Health Technologies, committed to building healthier, more resilient communities across India. Through high-impact programs in health, education, agriculture, and sustainability, the foundation has touched over 230,000 lives across nine states. It partners with mission-driven startups, grassroots organizations, and local governments to co-create scalable solutions that drive long-term change. With a focus on innovation, inclusivity, and systems thinking, the foundation empowers underserved communities to thrive—unlocking new pathways to well-being, livelihood, and environmental stewardship for current and future generations.

    About riidl Somaiya Vidyavihar University:

    riidl Somaiya Vidyavihar University has been bestowed with the National Award for the year 2020 in the Emerging Technology Business Incubator category by the Department of Science and Technology, Government of India.

    riidl Somaiya Vidyavihar University supports the creation and incubation of early-stage companies from ideation to commercialization by providing them with resources, labs, facilitating government grants, investor connections, funding and mentorship. Business incubators of riidl Somaiya Vidyavihar University are supported by the Department of Science & Technology; BIRAC, Department of Biotechnology, Government of India and Maharashtra State Innovation Society, Government of Maharashtra. It has incubated over 300 startups and facilitated in creating 1000+ jobs and internship opportunities while the total revenue generated by the startups is over INR 400 Cr. Among these, our bio-incubator has supported 74 life sciences startups with 3 successful exits and over 30 research projects.

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  • Paramatrix Technologies Wins Deal with Leading NBFC for BI Platform XSIGHT

    Paramatrix Technologies Wins Deal with Leading NBFC for BI Platform XSIGHT

    Mumbai (Maharashtra) [India], July 3: Paramatrix Technologies Limited (Paramatrix) (NSE: PARAMATRIX), a trusted provider of enterprise software products and digital IT services, is pleased to announce that it has secured a new service order valued at ₹1.5 Cr from a prominent Indian NBFC.

    As part of this strategic engagement, Paramatrix will implement its proprietary XSIGHT –Business Intelligence platform. The contract, governed by a Master Service Agreement, spans a term of three years.

    XSIGHT is a platform that processes models curated to specific industries for deep insights. Designed specifically for Enterprise clients, the platform enables real-time analytics, MIS reporting, and intuitive visualization, allowing clients to make faster, data-backed decisions with enhanced operational efficiency. XSIGHT also has an optional AI layer for an interactive but secured interface with Data.

    This order reflects Paramatrix’s growing momentum in platform-led digital transformation within the financial services ecosystem and reinforces the company’s position as a trusted technology enabler for leading financial institutions.

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  • Sea Breeze Group Announces “La Wisteria”  80 boutique Luxe Apartments with Private Pools in Siolim, North Goa

    Sea Breeze Group Announces “La Wisteria” 80 boutique Luxe Apartments with Private Pools in Siolim, North Goa

    New Delhi [India], July 3: La Wisteria, a RERA-registered luxury residential project, has been officially announced in the heart of Siolim, North Goa, with a targeted completion date of December 2027. This exclusive development promises to redefine upscale living by offering residents a unique blend of tranquillity, luxury, and modern convenience, all set against Goa’s lush greenery and scenic vistas.

    The property stands out as a compelling investment opportunity in North Goa due to its unique blend of luxury, exclusivity, and strategic location. With only 80 exclusive residences, each apartment features a private pool and panoramic views of paddy fields, ensuring both scarcity and desirability two key factors for value appreciation.

    Located in one of North Goa’s most commercially vibrant areas, the project’s luxury positioning and resort-style amenities, such as a 3500+ Sq.ft. of central lagoon, a fully equipped gym, a Cafeteria, dedicated reception, and 24×7 security and power back-up, make it highly attractive for end-users and investors seeking high rental yields. Rental returns are estimated at up to 10% annually, with a 1 BHK apartment potentially yielding a net annual rental of over ₹10 lakh at around 60% occupancy, and daily rentals fetching approximately ₹7,000.

    Mr. Arpit Bansal, Founder and CEO of La Wisteria, says, “Siolim has witnessed an impressive 200% surge in apartment values over the past two years, fueled by thriving tourism, strong rental demand, and major infrastructure advancements. Recognising these compelling market dynamics, we have committed an investment of ₹100 crore to La Wisteria, confident that the project’s unique features and prime location will deliver an anticipated return on investment of 10% annually ”

    The project is designed to cater to the discerning tastes of high-end buyers and investors, offering a host of world-class amenities such as a clubhouse, fitness centre, kids’ play areas, and landscaped gardens. Residents will also benefit from practical features like power backup, water storage, rainwater harvesting, sewage treatment, and a medical emergency room, making La Wisteria a truly holistic living environment.

    Located 7 min from the famous ‘ Assagao ‘ and 17 min from the new Mopa International Airport, it is close to all the famous hotspots and beaches of the vibrant North Goa.

    The project is situated on a corner plot of 3,545 sq m, open on all four sides and surrounded by paddy fields on two sides. With its prime location, exceptional amenities, and strong investment potential, La Wisteria is poised to become one of North Goa’s most sought-after residential addresses.

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