Tag: Business

Mumbai (Maharashtra) [India], February 17: Sattva Sukun Lifecare Limited (formerly known as Mayukh Dealtrade Limited) (BSE: 539519), a Mumbai-based company engaged in the manufacturing of various types of burners, has announced robust financial results for the quarter ended December 2024 and the nine-month period of financial year 2024-25. The results were approved by the Board of Directors in their meeting on Tuesday.

For the quarter ended December 2024, Sattva Sukun Lifecare’s revenue from operations was Rs. 195.54 lakh, 29% higher than revenue of Rs. 151.54 lakh in the corresponding quarter of the previous financial year. Net profit for the December 2024 quarter was Rs. 69.23 lakh, 83.84% higher than the previous year’s Rs. 37.67 lakh.

For the nine-month period ended December 2024, Sattva Sukun Lifecare’s revenue from operations was Rs. 421.14 lakh, an increase of 64.47% over Rs. 256.09 lakh in the same quarter of the previous financial year. Similarly, net profit for the period was Rs. 164.80 lakh, 125.6% higher than Rs. 73.03 lakh in the same period of the last year.

Key Highlights:

• Sattva Sukun Lifecare’s Q3 net profit surges 84%, reaching Rs. 69.23 lakh.

• Q3 revenue for December 2024 grows 29% to Rs. 195.54 lakh.

• Nine-month revenue for FY 2024-25 increases 64.47% to Rs. 421.14 lakh.

• Net profit for the nine-month period rises 125.6% to Rs. 164.80 lakh.

The significant improvement in revenue and profitability reflects Sattva Sukun Lifecare’s strong operational performance, strategic growth initiatives and increasing demand for its high-quality products. The company remains focused on strengthening its position while exploring new opportunities for expansion and value creation.

In January 2025, the Board of Sattva Sukun Lifecare Limited approved fundraising of up to Rs. 49.50 crore through A Rights Issue. The company also approved the issuance of bonus shares in the ratio of 3:5 last month.

Sattva Sukun Lifecare

Sattva Sukun Lifecare (BSE: 539519) is a prominent player in aroma burner/ diffuser, camphor freshners ,camphor diffuser/burner, essential/ aroma oils,night lamps , and various handicraft products.

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New Delhi [India], February 15: In a move that feels straight out of 2050, a brand with a 50-year legacy, just launched its most futuristic tech store in India. The grand opening event was anything but conventional—it featured a silent headphone party, a first-of-its-kind celebration in the Indian retail space. The event generated massive buzz, trending 1 on Twitter, as tech enthusiasts and gadget lovers got a glimpse of what the future of retail looks like.

The brand we are discussing about is none other than the OG Sangeetha Gadgets which sold the first phone of India.

From Gramophones to Groundbreaking Gadgets

Sangeetha’s journey began in 1974 as a gramophone store, selling music records at a time when technology was vastly different. The name “Sangeetha,” meaning music, reflected its roots in the audio industry. However, the company has continuously evolved, adapting to the latest advancements in consumer technology.

Over the years, Sangeetha was the first in India to:

✅ Sell a mobile phone

✅ Introduce no-cost EMI on mobile purchases

✅ Launch mobile insurance in India

✅ Be the first retailer to sell Xiaomi and OnePlus phones in offline in India

✅ Now, pioneering a dedicated gadget store format in India

With the launch of Sangeetha Gadgets, the brand aims to introduce cutting-edge technology to Indian consumers before anyone else, making futuristic devices accessible to the masses.

A Gadget Wonderland Like No Other

The newly launched store is packed with never-seen-before gadgets that redefine how people interact with technology. Some of the highlights include:

• LED Mask – A futuristic mask with customizable lighting patterns
• Handheld ECG Monitor – A portable device to track heart health anytime, anywhere
• Smart Chess Board – Play against AI or remotely with friends, with pieces moving automatically
• Smart Gua Sha – An advanced skincare tool that enhances beauty treatments
• Dog Repeller – A device to keep stray dogs at bay with ultrasonic technology
• Electric Hot Water Bag – Instant relief with an electric-powered heating solution
• Follow Me Luggage – A suitcase that follows you around autonomously

And hordes of more products that push the boundaries of innovation.

A Silent Party That Made the Loudest Impact

The silent headphone party at the launch event was the perfect representation of Sangeetha Gadgets’ innovative spirit. Attendees explored the futuristic store while enjoying curated music and immersive audio experiences through high-quality wireless headphones. The unique format of the event grabbed attention online, trending 1 on Twitter and sparking conversations across social media.

“It’s incredible to see a 50-year-old retailer embracing the future like this,” said one attendee. “The store feels like stepping into a sci-fi movie, and the headphone party made it even more memorable.”

Revolutionizing Tech Retail in India

With the introduction of Sangeetha Gadgets, the brand is transforming the shopping experience by blending technology, innovation, and entertainment. Their mission is clear—to be the first to bring new and exciting tech to India, ensuring that consumers have access to the latest gadgets before anyone else.

As the doors open to this futuristic shopping experience, one thing is certain: Sangeetha Gadgets is not just keeping up with the future—it’s bringing the future to India.

Please Follow: https://www.instagram.com/sangeetha.mobiles?igsh=dzd0bDQxcWZ2bThz.

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New Delhi [India], February 15: Hafele’s Loox Range has been meeting the demands for lighting in furniture as well as the growing needs for networking and digitalization since the last 10 years. The solutions offered within this range maximise simplicity and flexibility, while also assuring high reliability. The range presents itself as a unique combination of elegant design and state-of-the-art technology making it the perfect choice for any home furniture application, be it Task Lighting for Kitchen cabinets and plinths, Decorative Lighting for Living Room Showcases, Mood Lighting for Bedroom Applications or pure Functional Lighting in Wardrobes.

Offering the perfect balance between illumination and power consumption, these lights are best suited for installation on wooden panels. The small form factor of these lights also complements your interiors by exposing minimal hardware and delivering maximum light output. Hafele offers a complete solution for modern furniture lighting with high-quality aluminium profiles, efficient LED strip lights, powerful LED drivers and innovative sensors and accessories which make operating these lights effortless.

Beyond functionality and aesthetics, the Loox Lighting Solution gives you complete peace of mind with 10 years guarantee on the range. This guarantee ensures a hassle-free furniture lighting experience which withstands the test of time.

Established as a wholly owned subsidiary of Hafele Global network, Hafele India has been operating in India since 2003. An authority in the field of architectural hardware, furniture and kitchen fittings and accessories, the company also has a strong presence in synergized product categories like Home Appliances, Interior and Furniture Lighting, Sanitary Solutions, and Surfaces positioning itself as a complete solution provider for interior solutions in India and South Asia. Hafele India has a strong nation-wide presence through its offices and design showrooms spread across the country. The showrooms function as a one-stop-shop for all home interior and improvement needs – from providing in-depth technical advice to kitchen and wardrobe designing services through a team of experts.

Log onto hafeleindia.com/en/info to find the nearest Hafele showroom or design centre.

Website: hafeleindia.com

Customer Care Toll Free: 1800 266 6667

Customer Care WhatsApp: +91 97691 11122

Customer Care Email ID:customercare@hafeleindia.com

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New Delhi [India], February 14:  As Favcy Venture Builders (Favcy VB) celebrates its 10th anniversary, the Favcy VB Summit 2025 emerged as a defining moment in India’s entrepreneurial journey, marking a decade of structured startup creation and setting the stage for the future of venture building. Held at the iconic Bharat Mandapam, the summit brought together over 30 founders from our portfolio, 150+ VCs and investors from our network, and key industry stakeholders, sparking transformative conversations that will shape the next chapter of India’s startup ecosystem.

With a stellar lineup of prominent VCs and family offices like AWE Funds, Stanford Alumni Fund, She Capital, Anay Ventures and Vineeta Surana family office amongst others, angel investors from our 1stCheque network and government dignitaries from organisations like Meity, iStart Rajasthan, etc, the event underscored Favcy VB’s pivotal role in empowering over 10,000 founders and cementing its position as a catalyst for innovation in 

Venture Building: The Next Frontier in India’s Startup Ecosystem

Globally, venture building has emerged as a game-changer, with models pioneered by Rocket Internet, Atomic, and eFounders demonstrating the power of structured startup creation. Favcy VB has been at the forefront of this movement in India, transforming high-potential ideas into scalable, investor-ready businesses.

“The next unicorns won’t just be discovered—they’ll be built,” said Pranav Chaturvedi, Founding Partner & MD of Favcy VB. “Over the past decade, we’ve refined venture building into a science, ensuring startups have a strong foundation from day one. This is the future of entrepreneurship.”

A Confluence of Visionaries: Pitches, Investments, and Breakthroughs

The summit was a melting pot of innovation, featuring live pitches by 33 founders across sectors like AI, SaaS, D2C, DeepTech, and SportsTech. Serri – Gen AI product startup, Maity’s – elder care services venture to name a few.  From AI-driven automation tools to disruptive consumer brands, the event showcased the immense potential of structured venture building. 

Key Investment Highlights:

• Startups secured funding commitments worth ₹40Cr+, reflecting robust investor confidence in the Favcy VB portfolio.
• Leading VC firms and HNIs, including AWE Funds, Good Capital, IIM A ventures participated in funding rounds, backing high-growth ventures.
• Startups drew significant attention, with investors scouting for the next big industry disruptors.

“Favcy VB’s structured approach de-risks early-stage investing and ensures scalable success. The portfolio we saw today is a testament to their model,” said Seema Chaturvedi, Managing Partner, AWE Funds.

1to10 Demo Day: How First-Time Investors Are Shaping India’s Startup Ecosystem

A standout feature of the summit was the 1to10 Demo Day, a platform where first-time investors actively participated in shaping the future of India’s startup ecosystem. This initiative is part of Favcy VB’s broader mission to democratize access to venture building and early-stage investing.

The 1to10 Accelerator Program by Favcy VB is designed to uncover and support the hidden gems of the startup world, particularly those from Tier 2 and Tier 3 cities. This 3-month hybrid program is tailored for startups already showing traction and generating revenue across various sectors, providing them with the essential resources and support needed to scale effectively.

“The 1to10 Accelerator is not just about scaling startups; it’s about creating a pipeline of high-potential ventures for investors, especially those new to the ecosystem,” said Yamika Mehra, CRO of Favcy VB. “By bridging the gap between first-time investors and promising startups, we’re fostering a more inclusive and dynamic entrepreneurial landscape.”

Technology, Experience, and Thought Leadership

The summit also showcased Favcy VB’s cutting-edge GenAI platforms—Favcy Navigator and Startup Nalanda—revolutionary tools designed to empower founders at every stage of their entrepreneurial journey. Government dignitaries from MeitY and iStart Rajasthan applauded these innovations, recognizing their potential to catalyze India’s next wave of entrepreneurs.

• Favcy Navigator: A groundbreaking GenAI platform that generates end-to-end execution strategies for startups, starting from a mere idea. It acts as a virtual co-founder, helping entrepreneurs navigate the complexities of building a business, from market research and product development to go-to-market strategies.
• Startup Nalanda: A low-cost, GenAI-powered learning and development (L&D) platform tailored for startup talent upskilling. It equips teams with the skills needed to thrive in a competitive ecosystem, ensuring startups have the human capital to scale effectively.

These platforms are not just tools but game-changers, democratizing access to structured venture building and leveling the playing field for founders across India.

A standout feature was Experience Island, an immersive zone where attendees interacted with groundbreaking innovations from the Favcy VB ecosystem. Adding a creative twist, Pranav Chaturvedi’s live art narration captivated the audience, offering a unique perspective on the entrepreneurial journey—from ideation to scale.

The Road Ahead: 1to10 Accelerator and Beyond

As Favcy VB steps into its next decade, it is doubling down on its 1to10 Accelerator, a structured scale-up program designed to propel startups from seed to Series A with precision and speed.

“We’re not just building startups; we’re building an ecosystem where founders, investors, and industry leaders collaborate seamlessly,” said, Yamika Mehra, Partner, Favcy VB. The 1to10 Accelerator is our next big leap, ensuring startups not only launch successfully but scale with purpose.”

Missed the Summit? Here’s What’s Next

For those who couldn’t attend, Favcy VB is launching an exclusive Investor-Founder Connect Series to sustain the momentum and foster meaningful collaborations. Additionally, key insights, discussions, and investment opportunities from the summit will be shared in an upcoming Favcy VB Insights Report.

About Favcy Venture Builders

Favcy VB is India’s leading venture-building platform, dedicated to structured startup creation and investment opportunities. With a mission to empower 10,000 founders, Favcy VB has pioneered a model that transforms high-potential ideas into scalable, investor-ready businesses.

Join the Venture Building Movement

The Favcy VB Summit 2025 was just the beginning. Whether you’re an investor, founder, or startup enthusiast, the future of venture building is here. Stay connected as we build the future—one venture at a time. 

For those who couldn’t attend, Favcy VB is launching an exclusive ‘Favcy Summit Summit Insights 2025’ to sustain the momentum and foster meaningful collaborations. Key insights, discussions, updates, and investment opportunities from the summit will be shared in an upcoming Favcy VB Insights. Please Visit for More Information: https://1to10.favcy.com/.

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New Delhi [India], February 14: India, with its rich history of entrepreneurship and industrial growth, has seen several figures who played pivotal roles in shaping its economic landscape. Among them, Omprakash Jindal stands out as a visionary whose innovations not only transformed the Indian industry but also laid the foundation for its global footprint. A man whose commitment to excellence, innovation, and national progress redefined sectors like steel, power, and infrastructure. His contributions are a testament to the power of Indian entrepreneurship in modernizing industries and positioning the nation as a force to reckon with.

In this article, we will explore the profound impact O.P. Jindal had on India’s industrial revolution and how his groundbreaking innovations continue to influence the country today.

Pioneering the Steel Industry in India

One of O.P. Jindal’s most notable contribution is his role in revolutionising India’s steel industry. At a time when India was heavily reliant on imports for steel, O.P. Jindal envisioned a self-sustained, indigenous steel production system. By founding Jindal Steel & Power Ltd. (JSPL), he transformed the steel sector into one of the country’s most competitive and advanced industries. His innovations in manufacturing processes, particularly in the production of long products and flat steel, gave the Indian steel industry a global competitive edge.

Introducing Technological Advancements in Manufacturing

Om Prakash Jindal was known for his relentless pursuit of technological advancements that would increase efficiency and quality in manufacturing. Under his leadership, JSPL embraced state-of-the-art technology, including advanced furnaces and rolling mills, which were a significant departure from the traditional methods used at the time. His vision for integrating the latest technology not only boosted production but also improved the overall quality of Indian industrial products, setting a benchmark for other industries to follow.

Building a Sustainable Future with Green Energy

O.P. Jindal’s focus was not just on industrial expansion, but also on sustainable practices that could ensure the long-term growth of industries. He spearheaded efforts to harness green energy in industrial processes, making Jindal Steel & Power Ltd. one of the first Indian steel companies to integrate renewable energy into its operations. Through initiatives like wind energy and solar power, O.P. Jindal paved the way for a more sustainable, eco-friendly industrial future.

Contributing to the Infrastructure Boom in India

Beyond steel, O.P. Jindal’s innovations stretched into the infrastructure sector. His investments in power plants, roads, and railways significantly contributed to the country’s infrastructure development. Jindal Power, for instance, became a key player in India’s energy sector, enhancing the nation’s energy independence. His ability to drive large-scale infrastructure projects brought much-needed support to India’s fast-growing economy, improving connectivity and ensuring a stable energy supply for millions.

Fostering a Culture of Innovation and Excellence

Perhaps one of the most enduring legacies of Shri OP Jindal is his commitment to creating a culture of innovation within his companies. He understood that to compete on a global scale, India needed to foster its own indigenous talent and technologies. His support for R&D initiatives, focus on quality control, and constant improvement set the tone for future generations of Indian entrepreneurs. His leadership inspired others in the Indian industrial sector to push boundaries and redefine what was possible within their respective industries.

Promoting Social Welfare and National Development

O.P. Jindal’s contributions were not limited to industry. He also believed in giving back to society. His philanthropic initiatives in education, healthcare, and rural development helped uplift many communities across India. The O.P. Jindal Group set up the Jindal Foundation to support these efforts, empowering thousands of families with better opportunities. By aligning his business success with national progress, O.P. Jindal demonstrated how industrial growth and social welfare can go hand in hand.

Shaping India’s Global Identity

Today, O.P. Jindal’s legacy continues to influence industries around the world. His commitment to quality, innovation, and sustainability has set a high standard for Indian companies in the global market. The growth of the Jindal Group under his leadership is not only a success story for the business community but also a symbol of India’s rise as a major industrial power. His innovations continue to inspire future leaders and entrepreneurs who are determined to contribute to India’s ongoing industrial transformation.

O.P. Jindal’s innovations not only redefined the Indian industry but also played a crucial role in shaping the country’s modern economic landscape. His forward-thinking approach, technological advancements, and commitment to social welfare created a lasting impact that continues to guide India towards a prosperous and sustainable future. Through his endeavours, Shri Om Prakash Jindal proved that industry can be both an engine for economic growth and a vehicle for national pride.

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Mumbai (Maharashtra) [India], February 14: Sheth Realty, known for delivering quality residential projects, has announced a Developer Subvention Scheme for its new premium towers at Promont, Sion – BKC Connector. A move set to ease the home buying process further, Sheth Realty’s latest scheme allows buyers to book their apartments at Promont by paying just 10% of the total amount upfront, 10% after 30 days, and the remaining 80% at the time of possession. Having no EMIs until possession and a significantly small deposit reduces the financial burden of potential homebuyers.

The Developer Subvention Scheme from Sheth Realty ensures that a buyer manages their rent and mortgage payments without being overly financially strained during the construction period. Not only does this strategy assist in maximizing the potential of property investment prior to possession, it also shows Sheth Realty’s dedication to forward-thinking financial solutions in the realty sector.

Sheth Realty recently unveiled Promont, as a part of its property development in the central suburbs giving its Codename Younique a unique identity. The BKC Connector offers ease of connectivity in a matter of minutes and ensuring quick access to business hubs, top educational institutions, major healthcare facilities, and entertainment zones in South Mumbai, the western suburbs like Bandra and Andheri, besides the central suburbs, including Chembur. Being positioned along the highway leading towards Panvel, makes it a convenient location for those commuting across the eastern parts of the city or to nearby areas of MMR.

Part of a well-planned master development featuring luxury apartments, the towers planned at Promont, enables elevating lifestyles to urban living with unmatched views of greenery surrounding the Eastern Express Highway. Thanks to the subvention scheme, the starting price of a 2 BHK unit has been positioned to start at Rs 2.14 crore, providing an incredible opportunity for buyers to claim a unit of this elite address at special prices.

Promont envisions a way of life where every moment counts. The apartments available are 2 &3 BHK starting from 2.08 crores onwards. Each unit is exquisitely designed to encapsulate space ranging from 630 sq. ft. to 1,139 sq. ft. Each unit comes with majestic decks, modern finishes and stunning cityscapes views.

Promont offer world class and peaceful amenities. There are over 45 world-class amenities available. Some of the key highlights include an infinity edge rooftop pool, a state-of-the-art fitness centre, landscaped gardens, a fully functional banquet hall, and 25,000 sqft of rooftop recreational spaces. The project also embraces sustainability through eco-friendly initiatives such as solar panels and rainwater harvesting.

Commenting on the scheme, Mr. Chintan Sheth, Chairman & Managing Director of Sheth Realty, said,

“Promont’s developer subvention payment plan offers unmatched financial flexibility, giving buyers the choice to secure their dream homes with ease. This innovative offering highlights Sheth Realty’s commitment to making luxury living reachable without conceding on quality or convenience.”

With construction rapidly progressing and the possession date set for December 2027, the project is set to become a landmark address in Mumbai. The project invites homebuyers to experience a life where luxury transcends material possessions to create a haven of warmth, simplicity, and timeless elegance.

About Sheth Realty

Sheth Realty, led by next-generation entrepreneurs Mr. Chintan Sheth and Mr. Maulik Sheth is a household name in the real estate market in Mumbai for over 30 years. Sheth realty pride themselves in design innovation, quality, planning, and their diverse portfolio that includes distinguished residential, retail, and commercial projects that has significantly enhanced both Indian and international landscapes. As part of their mission, Sheth Realty aim to build spaces that foster meaningful experiences which leads to focus on the innovation, sustainability, and customer centric design. Their vision emphases on world class multidisciplinary architecture and planning, to leave behind a legacy of extraordinarily crafted, inspirational spaces that evolve over time to enrich the lives of their customers.

For more information, visit sheth-realty.com

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Chandigarh [India], February 14: Texas Smokehouse, India’s first-ever smoked chicken QSR brand, is making bold moves to disrupt the country’s fast-food industry. Yummify Foods & Beverages Pvt Ltd, the parent company of Texas Smokehouse, has raised undisclosed funding in a pre-seed round. The founder, Isht Sethi, has announced an aggressive expansion plan of 100 outlets; the brand is set to redefine quick, flavorful, and healthier fast food.As the QSR industry in India surges toward a projected ₹827 billion market by 2025, Texas Smokehouse is positioned to bridge the gap in the market with its authentic, slow-cooked smoked chicken offerings.

Fueling Growth through Investment & Expansion
The funding will drive Texas Smokehouse’s rapid expansion across North India, ensuring accessibility to every food lover craving rich, smoky flavors. The brand will scale up using state-wise Master Franchise, Company Owned-Company Operated (CoCo), Franchise-Owned Company-Operated (FoCo) and Franchise-Owned Franchise-Operated (FoFo) models, allowing efficient penetration into key metropolitan and Tier-1 & Tier-2 cities.
“The QSR industry in India is booming, and Texas Smokehouse is ready to tap into this momentum. Where all the QSR market is cluttered with deep-fried offerings, our unique smoked chicken combined with an affordable, high-quality menu, set us apart. We are now geared to expand aggressively and bring our brand closer to customers nationwide,” said Isht Sethi, Founder of Texas Smokehouse.

Bridging the Market Gap: A Unique Smoked Chicken QSR
India’s fast-food landscape is largely dominated by fried chicken, burgers, and pizzas, leaving a massive gap for premium, slow-cooked, and real wood smoked chicken. Texas Smokehouse is stepping in to fill this void, offering an alternative to traditional deep-fried fast food with a menu focused on healthier, oil-free, preservative-free, wood-smoked chicken.
“We see a huge gap in the Indian QSR space for a smoked chicken brand. Consumers today seek premium, slow-cooked, and unique flavors that aren’t found in traditional fast-food options. Texas Smokehouse is here to redefine the QSR experience with authentic smoked chicken, burgers, rice bowls, breast meals, wraps, and air-fried sides,” said Ritesh Goyal, Co-Founder of Texas Smokehouse.

Perfectly Aligned with quick commerce & 10-Minute Delivery
Speed is key in the QSR business, and Texas Smokehouse is leveraging rapid 10-minute delivery model to reach consumers faster than ever. The menu is optimized for fast, efficient deliveries, ensuring that hot, fresh, and flavorful meals arrive at customers’ doorsteps without compromising quality.
“Our smoked chicken is crafted for quick service yet maintains its juicy, rich, traditional taste & health benefits. This will ensure customers get their food fast, fresh, and full of flavor within no time” added Ritesh Goyal.

Texas Smokehouse: The Future of QSR in India
With 100 outlets planned across India, Texas Smokehouse is on a mission to:

• Revolutionize fast food with smoked chicken
• Provide a healthier, tastier alternative to fried QSR meals
• Expand rapidly through franchise opportunities
• Create significant employment in the food industry

The brand’s first outlet, launched in India in August 2024, has already witnessed strong demand and steady month on month growth, reinforcing its potential as a category leader in India’s QSR space.

For more information, please visit: texassmokehouse.in

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