Tag: Business

Mumbai (Maharashtra) [India], January 21:  NHC Foods Limited, a prominent exporter of agricultural commodities and spices, has announced its financial results for the Third Quarter and Nine Months ended 31t December 2024.

For the quarter ended 31st December 2024, the company’s PAT increased by 384% to Rs 208.33 Lakhs as compared to Rs 43.03 Lakhs in the corresponding period last year. Revenue from Operations for the Quarter ended 31t December 2024 increased by 58% to Rs 7352.97 Lakhs as compared to Rs 4649.69 Lakhs in the corresponding period last year.

For the Nine months ended 31st December 2024, the company’s PAT increased by 384% to Rs 614.30 Lakhs as compared to Rs 126.88 Lakhs in the corresponding period last year. Revenue from Operations for the Nine Months ended 31st December 2024 increased by 64% to Rs 21,420 Lakhs as compared to Rs 13,062 Lakhs in the corresponding period last year.

The performance of NHC Foods over the last three quarters highlights the company’s remarkable ability to achieve strong top-line and bottom-line growth despite a volatile environment. The company reported profits of Rs 200.88 Lakhs in Q1-FY25, Rs 205.08 Lakhs in Q2-FY25, and Rs 208.33 Lakhs in Q3-FY25, surpassing the Rs 234.74 Lakhs achieved for the entire FY2024.

Commenting on the results, Mr. Satyam Joshi, Whole Time Director stated “NHC Foods’ performance during the Quarter and nine-month period showcases its exceptional capability to achieve strong top-line and bottom-line growth despite operating in a challenging environment. The company’s focus on product and market expansion, along with strategic investments in manufacturing, technology and R&D, is set to create a stronger foundation for a brighter and sustainable future.”

Highlights: 

• Q3-FY25 Net Profit up by 384% to Rs 208.33 Lakhs
• Q3-FY25 Revenue increases by 58% to Rs 7,352.97 Lakhs
• 9M-FY25 Net Profit has surpassed approximately by 2.61 times compared of 12 months of FY23-24.
• 9M-FY25 Net Profit up by 384% to Rs 614.30 Lakhs
• 9M-FY25 Revenue increases by 64% to Rs 21,420 Lakhs
• Expansion goal with New Sesame Plant, Investment in BUYCEPS and SAAZ rebranding

“The successful completion of the recent Rights Issue stands as a testament to the confidence investors and stakeholders have in the company’s management and future growth prospects”, Mr. Satyam Joshi added.

As part of its expansion and brand-building strategy, NHC Foods has allocated sizable funds for establishing a state-of-the-art Sesame Seeds Cleaning and Hulling facility and revamping its flagship spice brand, ‘SAAZ.’

The cutting-edge Sesame Seeds Cleaning and Hulling facility at Pardi in Gujarat is designed to meet the growing domestic and international demand for sesame-based products, particularly in key export markets such as China, Korea, Turkey, USA and Europe. The plant is expected to be operational within a year and is expected to drive substantial revenue growth. This investment highlights the company’s commitment to addressing global demand while enhancing domestic supply capabilities and is a significant step toward cementing its leadership position in the sesame industry.

On the product innovation side, NHC Foods’ flagship spice brand, “SAAZ,” is set for a comprehensive strategic revamp to strengthen its consumer brand portfolio. The initiative includes enhancing its presence across modern retail chains and leading ecommerce platforms like Big Basket, Blinkit, Swiggy, and Amazon. The company is planning a pilot launch in Rajkot, Gujarat, with the revamped product line expected to roll out in the market within 5-6 months.

The Board of Directors has also granted in-principle approval for NHC Foods to invest in Inwelco Science Pvt. Ltd., the parent company of Buyceps, a prominent health and wellness brand. With a revenue target of Rs 100 crores in the next 2-3 years, this investment enables NHC Foods to tap into the growing demand for wellness products both in India and overseas markets.

About NHC Foods

NHC Foods (NHC) has been a trusted name in the industry since 1960 and is a three-star merchant export house and a leading exporter of premium agricultural commodities and spices. Renowned globally for its expertise in the merchant export of Spices, Food Grains, Oil Seeds, Pulses, and Dry Fruits. NHC proudly serves over 30 countries with its signature brands such as Indi Bite, Eat’mor, and Saaz. With a strong focus on technology upgrades, process improvements, and market diversification, NHC is strategically expanding its footprint both in India and new international markets.

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Surat (Gujarat) [India], January 20:  Navin Mart, the e-commerce marketplace venture of Navin Electronics, a trusted name in the electronics retail market of Surat and South Gujarat for five decades, has achieved a significant milestone by being recognised under the Startup India Mission by the Department for Promotion of Industry and Internal Trade (DPIIT). This recognition underscores Navin Mart’s commitment to excellence and growth in the e-commerce sector.

With the rising demand for quick commerce, Navin Mart is meeting modern consumer needs by ensuring delivery within 24 hours, directly from trusted suppliers. Customers not only benefit from competitive pricing but also enjoy the best after-sales service, reinforcing Navin Mart’s position as a reliable and customer-focused platform.

Navin Mart, launched by the third generation of Navin Electronics’ founder, has positioned itself as a one-stop e-commerce platform. It offers a wide range of products, including consumer electronics, home appliances, mobile gadgets, wearables, and beauty products.

Commenting on the recognition, Anil Jetwani, Managing Director of Navin Electronics, said, “Being recognised under the Startup India Mission is a reflection of our efforts to innovate and deliver exceptional value. This milestone strengthens trust and brings us closer to our vision of transforming e-commerce in India. Navin Mart represents the legacy of our brand while embracing the future of retail with a strong focus on service excellence and customer satisfaction.”

Navin Mart’s unique approach blends traditional retail with modern e-commerce, leveraging Navin Electronics’ extensive network of physical stores to provide an integrated shopping experience. Authorised dealers of big brands are among the sellers on the marketplace. Customers can enjoy competitive pricing, flexible payment options, and unmatched after-sales service.

Launched in 2016, the Startup India Mission is a flagship initiative of the union government that aims to build a robust startup ecosystem and nurture a culture of entrepreneurship in the country. Through various programmes, the initiative supports startups by providing funding, mentorship, and other resources to transform India into a hub for innovation and job creation.

Currently serving customers in Surat, Navin Mart has ambitious plans to expand across South Gujarat and eventually become a leading player in India’s e-commerce landscape.

To experience the next era of online shopping, visit www.navinmart.com

Surat (Gujarat) [India], January 20: In a significant move towards advancing India’s electric vehicle (EV) infrastructure, Lubi Industries has been awarded a major contract by Bharat Petroleum Corporation Limited (BPCL) to manufacture, supply, install, and commission 1,400 fast DC chargers across the country. This partnership marks a key milestone in the nation’s efforts to build a robust and self-sufficient EV charging network.

Lubi Industries will deliver 60kW fast chargers to BPCL retail outlets throughout India, enabling seamless and reliable charging for EV users. The strategic project represents a substantial share of the total DC chargers to be installed annually in India, helping accelerate EV adoption and promote sustainable mobility across the country.

Empowering India’s Green Energy Goals

As India drives towards energy independence and cleaner transportation, the project highlights a strong focus on locally manufactured content and adherence to stringent quality benchmarks set by regulatory agencies. Lubi’s chargers are designed to maximize uptime and provide a long operational life, supporting India’s vision of building a sustainable, future-proof EV ecosystem.

Speaking on this collaboration, the management from Lubi Industries said, “We are proud to partner with BPCL on this transformative project, which is fully aligned with our mission to contribute to India’s EV revolution. Our advanced charging solutions will not only ensure an uninterrupted charging experience for EV users but also underscore the importance of indigenization in building critical infrastructure.”

Boosting EV Adoption and Promoting Cleaner Transportation

This project will create a vast, accessible charging network that enhances the driving experience for EV users and supports the growth of India’s EV manufacturing ecosystem.

As electric vehicles become a reality in India, Lubi Industries and BPCL are poised to play a pivotal role in advancing cleaner transportation and building the necessary infrastructure to meet the growing demand for alternative energy solutions.

Mumbai (Maharashtra) [India], January 20:  Auriga Corporate Advisors, a leading investment banking advisory firm, unveiled a new chapter in the journey of the company. It inducted an expanded leadership team and enhanced financial services and investment solutions for SME and MSME businesses.

At the event, Founder Rajesh Shah, a finance veteran and Fellow Member of ICAI shared Auriga’s renewed vision and strategic growth plans. The highlight was the introduction of three distinguished leaders:

• Hemang Jangla: An IIM Ahmedabad alumni and an expert in IPO management and strategic business development.
• Jennifer Isaac: Venture capitalist with a diverse background in banking, IT, and digital media.
• Kaushik Desai: Financial strategist with over four decades of experience in wealth management and regulatory compliance.

Expanding Services to Empower Businesses Auriga has strengthened its portfolio with:

• Debt Syndication & SME/Main Board Listing: Enabling businesses to raise capital and access stock market opportunities.
• Portfolio Management Services (PMS) & AIFs: Tailored investment solutions for high-net-worth and ultra high-net-worth individuals.
• Unlisted & Unquoted Shares, Market-Linked Debentures (MLDs), and Bonds: Facilitating exclusive private market investment opportunities.

Commitment to Growth & Integrity

Auriga has reaffirmed its core values—Integrity, Innovation, Excellence, and Client-Centricity & also introduced its dynamic advisory board of mentors. Shri Bhalchandra G. Barve, Joint Managing Director, Blue Cross Laboratories, Shri Malay Damania, business coach, and Shri N. Balakrishna, financial wealth manager, joined Auriga as mentors. They provided insights into the evolving financial landscape.

Client Success & Industry Insights

Long-term investors and SME clients shared their experiences and insights, emphasizing Auriga’s expertise in investment banking and its comprehensive end-to-end services, which have significantly enhanced their wealth over time.

Future Roadmap

Auriga’s five-year vision focuses on digital transformation, sustainable investment solutions, and global expansion.

The event concluded with a networking session for personalized discussions.

Stay Connected

For more information, visit www.aurigaadvisors.com or contact:

AURIGA CORPORATE ADVISORS
Contact: +91-9920751315

• Email: consult@aurigaadvisors.com
• Website: www.aurigaadvisors.com

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Mumbai (Maharashtra) [India], January 20: World Trade Center Mumbai hosted H.E. Mr. Sardar Rustambaev, Ambassador of Uzbekistan to India to discuss emerging areas of economic cooperation between both the countries and strategies to deepen bilateral partnership across various sectors.

On this occasion, H.E. Mr. Rustambaev mentioned, “Uzbekistan is a strategic partner of India and we have friendly diplomatic and political relations. Last year, the number of weekly flights between India and Uzbekistan has grown three-fold to 18 and by March 2025 it will grow to 24. The objective of my visit is to strengthen bilateral economic relations especially with Maharashtra in next generation sectors such as quantum technologies, semiconductors, electronics and also in manufacturing. Uzbekistan is emerging as an attractive investment destination and one of the largest industrial hubs in the CIS region. Our government is willing to offer land, support infrastructure, tax benefits and cheap power to Indian companies bringing technology, skilled labour and capital to our country. Uzbekistan can be a gateway for Indian companies to the 300 million consumer market of the CIS region, with which it has a trade agreement.”

The Ambassador informed that Uzbekistan has preferential market access to Europe under GSP regime and it has signed preferential trade agreement with the USA. Uzbekistan has 24 Industrial Economic Zones, especially in pharmaceuticals and other manufacturing sectors, including IT parks. “We invite Indian companies, startups and IT companies to invest in these economic zones and also in other parts of the country. Indian companies can bring capital equipment and technology. Our government will provide land, cheap power, tax and duty-free benefits to Indian and foreign investors. Already, Indian companies have invested in pharmaceuticals, renewable energy, logistics, education and other sectors in Uzbekistan.”

The Ambassador pointed out that in the last 10 years, industrial landscape of Uzbekistan has transformed significantly. He said, “Uzbekistan needs Indian technology and skills for further development of the industrial ecosystem. The country is the leading manufacturer of home appliances, including air conditioners. Uzbekistan has emerged as a leading automobile and auto-component manufacturing hub in the CIS region. More than 20 automobile brands from South Korea, China and other countries have set up production facilities for tyres, plastics, accumulators and other auto-components. Uzbekistan also has an electric vehicle manufacturing ecosystem as we produce and supply power trains to Brazil and other countries.

The Ambassador invited Indian gems and jewelry to invest in Uzbekistan. He mentioned, “Uzbekistan is one of the world’s leading producers of gold. We have traditional gems & jewelry craftsmen whose designs are popular in the CIS region. Indian gems & jewelry companies can bring their casting and AutoCAD technologies to Uzbekistan and collaborate with the craftsmen of Uzbekistan to manufacture and export gems & jewelry.”

Earlier in his welcome remarks, Dr. Vijay Kalantri, Chairman, WTC Mumbai and President, All India Association of Industries mentioned, “The time has come to strengthen multi-dimensional partnership with Uzbekistan in manufacturing, green energy, tourism, creative industries and food security. Our bilateral trade is hardly USD 470 million, which has potential to double in the next two years. WTC Mumbai and AIAI will promote exchange of trade delegations by selecting focus sectors to grow bilateral trade and investment.”

During the event, leaders from India’s gems and lab-grown diamond industry expressed willingness to partner with Uzbekistan in terms of mining reserves, technology exchange, scaling up their operations and establishing manufacturing facilities in Uzbekistan. “I invite Letter of Intent from Indian gems and jewelry companies for partnership so that I can take this forward with the relevant Ministry in Uzbekistan,” the Ambassador assured.

The Ambassador also highlighted scope for collaboration in tourism and education sectors. He said, “Uzbekistan is becoming a popular tourist destination as the number of Indian tourists has more than doubled to 80,000 last year and this year, it may exceed 1 lakh. More than 10,000 Indian students are studying in Uzbekistan and 20,000 Indian workers are employed in our country.”

Dr. Kalantri suggested Indian companies to benefit from the tax and infrastructure benefits provided by the Uzbek government. He also invited Uzbek companies to participate in Government of India’s Make in India and Production Linked Incentive (PLI) schemes. The event was also attended by Mr. Khurshidbek Samiev, Trade – Economic Counsellor, Embassy of Uzbekistan in India and members of Indian trade and industry.

During his visit to Mumbai, H.E. Mr. Rustambaev had successful meetings with captains of Indian industry from logistics, pharmaceuticals, textile, gems & jewelry, telecom and other sectors. Specifically, the Ambassador met Mr. Prakash Hinduja and Mr. Ashok Hinduja from the Hinduja Group, Mr. K.P. Nanavati, President, Reliance Industries, Mr. Puneet Chhatwal, Managing Director & CEO, The Indian Hotels Company Limited (IHCL), and also senior officials of Gold Star Diamonds, Sonani Group and Reliance Jio. The Ambassador also had fruitful meetings with Bollywood Film Producer and Director Mr. Boney Kapoor, Ms. Hema Malini, Mr. Mithun Chakravorty and other celebrities to promote collaboration in film production and distribution.

The Ambassador also called on Hon’ble Governor of Maharashtra H.E. Mr. C.P. Radhakrishnan to discuss areas for strengthening trade and investment relations between Uzbekistan and Maharashtra.

In order to deepen bilateral cooperation, Hon’ble Prime Minister of India is slated to visit Uzbekistan later this year and this will be his fourth visit during his tenure as Prime Minister. There is tremendous scope to enhance economic cooperation as Uzbekistan is endowed with rich natural resources and geographical advantage as it can be the gateway to the CIS region, Iran and also to the Europe. Even though Uzbekistan is a landlocked country, it can be accessible through Chabahar Port and Bandar Abbas.

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Dubai [UAE], January 20: Arrow Greentech Ltd. is thrilled to announce its participation in India’s biggest Agri Inputs Trade Show, the ICSCE Buyer-Seller Meet, organized by the Pesticides Manufacturers & Formulators Association of India (PMFAI). The show is scheduled for January 21-22, 2025, in Dubai. Since its inception in 1997, ICSCE has established itself as a premier platform for the agri-inputs sector, fostering collaboration, innovation, and global networking. The 2025 edition promises to be the most impactful yet, featuring a Concurrent Plenary Session that will offer invaluable insights from agricultural leaders worldwide.

India has become a pivotal player in the crop protection sector. Guided by the principle of “Vasudhaiva Kutumbakam” (The World is One Family), India is positioning itself as a global hub for the production of pesticides and other agri-inputs.

Arrow Greentech Ltd. a leader in water-soluble film technologies and eco-friendly packaging, announces its participation in the ICSCE 2025 Buyer-Seller Meet. During the event, The company will showcase its groundbreaking packaging solutions at Booth No. 31. Visitors will have the opportunity to explore a wide range of offerings designed to meet the evolving needs of the global agricultural community. As a pioneer in sustainable and innovative solutions, Arrow Greentech Ltd. is committed to driving growth in agriculture through eco-friendly, effective solutions. The company’s participation in ICSCE 2025 underscores its commitment to supporting the global agricultural community, promoting sustainability, and offering solutions that enhance the efficiency of agri-inputs.

About ICSCE Buyer-Seller Meet

The ICSCE Buyer-Seller Meet, organized by PMFAI, is a flagship event that brings together stakeholders from across the agri-inputs value chain. Attendees will include manufacturers, exporters, importers, R&D experts, and technology innovators. The event offers attendees the chance to engage with a wide array of industry leaders, fostering global partnerships and knowledge exchange.

The event will be providing attendees with insights from global agricultural experts on the latest trends and technologies shaping the future of farming. One of the key objectives of ICSCE 2025 is to highlight India’s growing significance in the global crop protection chemical industry. With 55% of the market share expected to come from exports, India’s role as a leading exporter of agri-inputs will be underscored during the event.

Key Highlights of ICSCE 2025

• Global Networking & Knowledge Sharing: ICSCE 2025 connects stakeholders from over 50 countries and hosts plenary sessions on crop protection, AI, drones, and sustainable farming.

• Spotlight on Indian Innovations: Highlights India’s leadership in generic agrochemicals, biological solutions, and export growth, showcasing its role as a global agri-inputs leader.

• Innovative Exhibitions: Features cutting-edge technologies and advancements in crop protection, precision farming, and sustainable agriculture.

About Arrow Greentech Ltd.

Founded in 1992, Arrow Greentech Ltd. has been a pioneer in sustainable solutions, with a focus on environmental care and innovation. At the heart of this innovation is Watersol™, their flagship brand specializing in PVA films. Watersol™ underwent its first trial in 1985, making India the first producer of water-soluble films and establishing a prominent position on the global stage. Envisioning a green future, their PVA Films are designed to dissolve completely upon contact with water, leaving no residue and ensuring they are 100% biodegradable and non-toxic. Over the years, Arrow Greentech Ltd. has refined its expertise in PVA film technology, positioning Watersol™ as a benchmark in green packaging and establishing the company as a global leader in sustainable packaging innovations.

The company’s products are designed for maximum efficiency, with robust safety measures to meet the demands of the most discerning consumers. Its expertise spans multiple industries, including health, hygiene, packaging, printing, and security, showcasing its versatility and innovation. A testament to this innovation is its active participation with the Collaborative International Pesticides Analytical Council (CIPAC), which highlights its dedication to global standards in pesticides and chemical analysis. This collaboration underscores the company’s product (Water Soluble Film) adheres to stringent international benchmarks. ARROW GREENTECH consistently delivers solutions of the highest quality and sustainability. Its innovations leave a positive impact on the environment and the industries it serves, reflecting its role as a leader in driving eco-friendly and efficient advancements globally.

For more information visit https://watersolublefilm.com/products/ 

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Jaipur (Rajasthan) [India], January 20: BSE-listed Naturo Indiabull Limited (BSE: 543579), a leading manufacturer of agriculture and industrial products and a provider of transportation logistics services, has registered robust financial results for the first half of the current financial year, reflecting strong growth and operational efficiency.

Naturo Indiabull registered a net profit of Rs. 49.3 lakh for the six months ending September 2024 an increase of 114% compared to a net profit of Rs. 23 lakh in the six-month period ending March 2024, showcasing its commitment to delivering value through its diversified business portfolio.

The company’s revenue for the first half of the current year stood at Rs. 1,339 lakh, slightly higher than the Rs. 1,315 lakh reported for the half-year ending March 2024, indicating consistent market demand for its products and services.

Incorporated in 2016 and headquartered in Jaipur, Naturo Indiabull has carved a niche in the agriculture and industrial sectors, while also strengthening its position in the transportation logistics domain. Its products include sanitary towels, napkins, hand sanitisers, juices, soaps, Ayurvedic shampoos, medicines, garments, textiles, and FMCG products.

Commenting on the performance, a spokesperson at Naturo Indiabull Limited, said, “The robust growth in net profit reflects our diverse product range and strategic execution. We are confident of sustaining and building on this momentum going ahead.”

Naturo Indiabull’s shares closed at Rs. 6.29 on Wednesday, significantly lower than the 52-week high of Rs. 18.50. Its market cap stood at Rs. 11.87 crore.

About Naturo Indiabull Ltd

Incorporated in 2016, Naturo Indiabull Ltd manufactures agriculture and industrial items and also provides transportation logistics services.

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