Tag: Business

Pune (Maharashtra) [India], August 30: Ceratec Group, a leading real estate developer in Pune, has officially unveiled its new brandmark, aimed at better representing the company’s vision, comprehensive offerings, values to customers, and evolving aspirations. This rebranding initiative comes at a pivotal moment as the dynamics of the Pune real estate market undergo rapid transformation, driven by technological advancements, sustainability initiatives, and shifting consumer preferences.

In a strategic move, Ceratec Group’s leadership undertook a thorough analysis of their former logo, established in 2000, and recognized the necessity to refresh the brand to align with the company’s current positioning and core competencies. The new logo is accompanied by the tagline “Exceeding Expectations,” emphasizing Ceratec Group’s commitment to delivering exceptional quality and service in every aspect of its operations.

“Our aspirations, vision, and portfolio of services have changed drastically in the last few years, and this is our attempt to communicate the same with all our customers, prospects, employees, partners, and stakeholders,” stated Anand Agarwal, Managing Director of Ceratec Group. “The visual of the new logo represents a blend of innovation, quality, and customer-centricity, symbolizing the company’s commitment to delivering exceptional living experiences through its expertise in real estate development and ethical practices. This new brand identity marks a significant milestone in the company’s evolution.”

Founded in 2000, Ceratec Group initially focused on the marble industry, quickly expanding into ceramic retail with one of the largest showrooms in India by 2007. The company made a strategic entry into the real estate sector in 2011, launching a diverse range of projects that include residential complexes, commercial spaces, and mixed-use developments. Today, with a dedicated team of over 150 professionals, Ceratec Group has successfully completed projects spanning more than 65 acres in Pune, earning a reputation for futuristic designs that prioritize affordability, sustainability, and community living.

With ongoing projects in Ravet and Hinjewadi, along with future developments in Balewadi and Baner, Ceratec Group is well-positioned to continue enhancing the lives of its residents and contributing to the growth of Pune’s real estate sector.

Website: https://ceratecgroup.com/

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Hyderabad Telangana) [India], August 30: Filatex Mines and Minerals Pvt Ltd, a subsidiary of Hyderabad-based leading socks and cotton products manufacturing company Filatex Fashions Ltd (BSE – 532022, NSE – FILATFASH), has received total export orders worth Rs. 661 crore (USD 78,875,000) in a month’s time.

 

On August 29, 2024 company’s subsidiary in the mining business, Filatex Mines and Minerals Private Ltd announced that it has received order from Republic of Guinea based company, Société DIMO – BTP SARL (“SDBS”) for supply of 1,59,000 tonnes of marble polished tiles for over a period of 5 years which is estimated to be USD 43,875,000 (Rs 368 crore). SDBS is a distributor of granite and marble with a dealer network of over 5000 in 14 African countries.

 

This is the second export order for company’s mining subsidiary. Earlier on 26 July, 2024 the company received the order for supply of 2,97,388 metric tonnes of white marble worth USD 35 million (Rs. 293 crore) over a period of 7 years. As on 29 August 2024, company’s market capitalization stands at Rs. 966.75 crore.

 

Board of Directors of Filatex Fashions Ltd at its meeting held on 26 July 2024 has approved the appointment of Mr. Sunil Agarwal as an Additional Director and CEO of the Company in the Executive Director category. The appointment is subject to the approval of the shareholders in the ensuing Annual General Meeting. Mr. Sunil Agarwal has over 10 years of extensive experience and holds expertise in Financial Services, Advisory, Investment Advisory and Risk Management Consulting and has been on the Boards of some prominent companies.

 

Highlights:

·         Appointed Mr. Sunil Agarwal as an Additional Director and CEO of the Company w.e.f 26 July 2024

·         Company’s Board recently approved 5-for-1 stock split and fix 9 August as record date

·         Company in the EGM approved the stock split; Authorised share capital at Rs. 850 crore.

·         Company to set up a wholly owned subsidiary for export of textile garments and fabrics in Delhi

·         Company’s shares are listed and admitted to dealings on National Stock Exchange w.e.f 6 May 2024

·         For Q1FY25, company posted net profit of Rs. 1.73 crore, total income of Rs. 24.22 crore.

 

Company in it’s the Extra Ordinary General Meeting held on 15 July 2024 approved the 5-for-1 stock split. Authorized share capital of the company of the company further to the approval of the shareholders in EGM stands at Rs. 850 crore divided into 850 crore equity shares of Rs. 1 each.

 

To enhance the liquidity in the capital market and widen shareholder base, the company in the board meeting held on 7 June 2024 approved 1:5 (5-for-1) stock split. Company approved sub-division of existing 1 Equity Share of face value of Rs. 5 each fully paid up into 5 Equity Shares of Rs. 1 each fully paid up. Record date for the purpose of stock split is fixed as 9 August 2024.  

 

Incorporated in 1995, Filatex Fashions Ltd specializes in socks manufacturing and cotton products with 25 socks-knitting machines with the latest finishing and setting machines, using infrared technology for the first time in India. Filatex Fashions has gained rich experience in the European and Indian market. With manufacturing plants located in Hyderabad, Telangana, the company offers private label services and the option to use its branded label for socks. Company’s clients include renowned brands like FILA, Sergio Tacchini, Adidas, Walt Disney and many other top labels of the fashion world.

 

Company’s shares are recently admitted to dealings on NSE with a code FILATFASH w.e.f 6 May 2024.  Company’s shares were listed on Bombay Stock Exchange since 23 September 1996 and will continue to be listed on the exchange with the scrip code 532022. Company has also appointed Mr. Yash Sethia as Chief Financial Officer (CFO) of the Company from 30^th March 2024.

 

Company board in the meeting held on 6 July has approved to set up a wholly owned subsidiary for export of textile garments and fabrics in Delhi reason being Delhi is a source for readymade goods which can be easily supplied to overseas market. Additionally, board also approved proposal to set up a Corporate Office in Mumbai for business expansion and planning to appoint senior managerial personnel like CEO, head of compliance etc. which will help the company in its smooth business expansion in global markets.

Company has a State of art manufacturing unit located at Hyderabad having ultra-modern, latest machinery from Korea and Italy with In-house R&D facilities, is on Growth path with various new orders from Leading Brands. Company has a modern state-of-the-art plant spread over 4 acres capable of producing 8.64 million pairs of socks per annum. The company further plans to ramp up production capacity upto 14 million pairs of socks per annum.

 

For Q1FY25, net profit of the company was reported at Rs. 1.73 crore and total income of Rs. 24.22 crore. During FY23-24, company posted net profit of Rs. 8.95 crore, total income of Rs. 179.02 crore.

 

For more information, visit www.filatexfashions.co.in

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New Delhi [India], August 29: In a seismic shift that promises to revolutionize India’s talent landscape, MyAnatomy is thrilled to announce a strategic addition to its Board of Directors, SV Nathan, a name synonymous with excellence in HR, who has graciously accepted the invitation to join the company’s leadership.

This marks a significant milestone in MyAnatomy’s journey towards transforming career development and corporate engagement globally. SV Nathan’s vast expertise spans Manufacturing, Hospitality, IT, Telecom, Consulting and Professional Services, promising to bring a wealth of insights to MyAnatomy’s innovative platform and services.

“We are deeply honored and humbled to welcome Mr.SV Nathan to our Board of Directors,” said Chinmay Kumar Dash, CEO of MyAnatomy. “This is a significant milestone with SV Nathan joining our Board. His experience coupled with our cutting-edge technology, will catalyse a talent transformation tsunami across the talent landscape.”

SV Nathan’s illustrious career includes pivotal roles at industry giants such as Deloitte and Reliance Infocomm. His transformative leadership has left an indelible mark on prestigious organizations including Microland, Sterling Holiday Resorts Ltd, and ICI India.

A distinguished alumnus of XLRI Jamshedpur, SV Nathan has been recognized as one of the top 20 HR Influencers by Economic Times HR in 2024. His digital influence is equally impressive, having been named one of LinkedIn’s top three Power Profiles in HR for 2017. As the author of the bestseller ‘The HeArt of Work’ and a TEDx speaker, SV Nathan brings a unique blend of experience, expertise and practical wisdom to MyAnatomy.

As the immediate past President of the National Human Resources Development Network, Nathan’s extensive network and influence in the HR community will open new avenues for MyAnatomy’s growth and impact.

“In MyAnatomy, I see the future of talent development and transformation,” said SV Nathan. “I am excited to contribute to an organization that shares my passion for nurturing talent and bridging the gap between education and industry needs. Together, we have the opportunity to shape the careers of countless young professionals and drive innovation in the global talent landscape.”

“This is our moonshot moment,” the CEO adds, eyes gleaming with determination. “With Mr Nathan on board, we’re not just reaching for the stars; we’re creating a galaxy of opportunity for India’s youth.”

In a world where talent is the ultimate currency, MyAnatomy, powered by Mr Nathan’s experience and expertise, is poised to become the central bank of human potential. This is more than news; it’s a clarion call to every student, every corporate, and every institution in India: The future of talent development is here, and its name is MyAnatomy.

About MyAnatomy:

MyAnatomy is a cutting-edge digital talent platform that leverages AI and automation to seamlessly connect employers, job seekers, and educational institutions, revolutionizing the talent landscape. With a skill-first approach, MyAnatomy offers comprehensive solutions such as Skill Assessment, Recruitment, and Learning as a Service, along with an end-to-end Recruitment Process Management System. The platform empowers candidates to identify and bridge skill gaps, aligns them with industry needs, and enhances employability, while also enabling universities to optimize campus placements and training programs. MyAnatomy is committed to creating a balanced and thriving talent ecosystem that meets the dynamic demands of today’s workforce.

For more information, please contact: vidyashree@myanatomy.in
MyAnatomy Integration Pvt Ltd
+91 63631 39957

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Kolkata (West Bengal) [India], August 29: An epic version of the Indian National Anthem conceptualized by Grammy winner Ricky Kej with Kolkata-based cultural activist Sundeep Bhutoria as the associate producer, has set a new landmark by entering the Guinness Book of World records as the “Largest Singing Lesson” featuring a choir of nearly 14,000 tribal children from Odisha who performed together at the Kalinga Institute of Social Sciences in Bhubaneswar, Odisha.

The video also features living musical legends of India – Pandit Hariprasad Chaurasia, Rakesh Chaurasia, Amaan & Ayaan Ali Bangash, Rahul Sharma, Jayanthi Kumaresh, Sheik & Kaleeshabi Mahaboob, Giridhar Udupa and the Royal Philharmonic Orchestra of UK.

“This project is a true celebration of India’s unity in diversity and marks a significant achievement in the realm of musical collaboration and cultural representation. The collaboration of such legendary artists with thousands of children from Odisha sends a powerful message to the world about the strength of our cultural heritage. It has been an honour to be part of this historic moment,” said Sundeep Bhutoria, the Trustee of Prabha Khaitan Foundation, who has been promoting India’s cultural heritage globally.

“This project is a testament to the power of music in bringing people together. It is a celebration of our diverse heritage and a tribute to the spirit of Bharat. I am incredibly proud of what we have achieved together,” said Ricky Kej.

The 14,000 children created a human map of India and formed the word ‘Bharat’ in Hindi and English, a powerful visual representation of India’s rich cultural heritage and the boundless potential of its youth. This version of the National Anthem has been released across platforms by Universal Music India.

Ricky Kej, the celebrated Indian musician, has once again raised the bar for musical excellence by creating a historic rendition of the Indian National Anthem. Following his remarkable achievement in 2023, where he conducted the largest-ever symphony orchestra (100-piece Royal Philharmonic Orchestra, UK) to perform the Indian National Anthem at Abbey Road Studios, London

The recording, was released on August 14th, the eve of India’s Independence Day, across all streaming platforms, is more than just a musical achievement; it is a symbol of the unity and diversity that defines the nation.

Overall, this epic rendition of the national anthem not only signifies a technical achievement in the world of music but also represents a heartfelt homage to the cultural identity of India. It stands as a testament to the unifying power of music, transcending geographical and social boundaries.

New Delhi [India], August 29: E-commerce is a vast and rapidly growing industry with leading players like Amazon and Flipkart dominating the platforms to attract an even larger consumer base. In this pool of competitors, Indifly’s Zionmart, based in Pune, has emerged with its robust partnership as a significant player in the Open Network for Digital Commerce (ONDC) ecosystem. As India’s first logistics buyer app on ONDC, Zionmart is setting new benchmarks by integrating cutting-edge technology with an expansive reach, particularly in tier 2 and tier 3 cities.  Zionmart’s achievements, its key role in ONDC, and the impact of its initiatives highlight its growing influence in digital commerce.

As a network participant, Zionmart has developed comprehensive apps catering to buyers, sellers, and logistics, making it a key enabler of digital commerce. The company’s buyer and seller apps are designed to streamline operations, offering AI-powered cataloguing, inventory management, and advanced search functionalities. This enhances the user experience and empowers small and medium enterprises (SMEs) to thrive in an increasingly digital marketplace.

At Indifly Ventures, we are committed to supporting entrepreneurship and digital growth across Bharat. I’m dedicated to helping local businesses thrive and realizing our vision of a digitally inclusive India. said Mr. Vishvjeet Thombre, CEO of Indifly Ventures.

I see our integration into the ONDC network as more than just a business milestone; it’s a crucial step towards aligning with the government’s goal of a fair digital economy. said Mr. Narahari Rao, CEO of Zionmart

With over 1500 sellers boarded in pilot, Zionmart is creating a sincere ecosystem that facilitates united transactions between buyers and sellers. The company’s logistics app plays a crucial role in ensuring effective order fulfilment and delivery, which is vital for maintaining customer satisfaction and driving repeat business.

As Zionmart continues to solidify its position within the ONDC network, its focus on tier 2 and tier 3 cities. These regions, often overlooked by other e-commerce platforms, are now undergoing a transformative digital shift. Zionmart’s extensive network and strategic outreach are equipping local businesses with the tools and support necessary to compete on a national scale. By streamlining e-commerce and driving grassroots economic growth, Zionmart is playing a pivotal role in reshaping the digital marketplace.

ONDC, a government-backed initiative, aims to create an open, inclusive, and transparent platform that democratizes digital commerce across India. With a target to on board 1.2 million sellers by 2025, ONDC envisions creating a $100 billion market and simplifying 30 million digital transactions daily. Zionmart’s involvement in this ambitious initiative is not only critical but also aligns with ONDC’s broader goals of dismantling monopolistic practices and empowering small and medium enterprises (SMEs).

Beyond its core offerings, Zionmart offers a range of custom-branded platforms  personalised to the needs of various industries. These resolutions enable businesses to rebrand and utilise Zionmart’s platform under their own brand identity, offering a unique and flexible e-commerce solution. This approach not only diversifies Zionmart’s revenue streams but also sets its position within the ONDC ecosystem.

Zionmart’s impact is further amplified by its sister ventures within the Indifly group, such as Indipe and SkillSetu, which are also making significant strides in the ONDC space. Indipe is transforming the credit landscape through its loan app, which integrates with ONDC to bring multiple loan providers onto a single platform. This innovation simplifies the process of securing credit for both businesses and individuals, thereby easing growth.

SkillSetu, powered by ONEST, simplifies the process of skill development and career advancement for learners of all backgrounds. With a focus on creating a connected and streamlined digital ecosystem, SkillSetu offers a wide range of services tailored to meet the diverse needs of students and professionals, including course discovery, mentorship connections, skill development programs, internship and job access, and financial support options.

As Zionmart continues to grow and extend its influence, it is set to play a critical role in shaping the future of digital commerce in India, alongside Indipe and SkillSetu. These initiatives under Indifly Ventures are driving innovation and fostering economic growth across all levels of the ONDC ecosystem.

For more Information please visit https://indifly.in/?source=aspire&medium=press-release&campaign=pr and  https://zioncommerce.in/?source=aspire&medium=press-release&campaign=pr 

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New Delhi [India], August 29: Evera Cabs, a pioneering force in all-electric cab services in Delhi-NCR, proudly announces the appointment of Saurabh Kumar as an Independent Director. His role will be instrumental in driving the company’s mission to minimize carbon emissions and enhance customer satisfaction through his strategic oversight.

With over three decades of experience in sustainable energy and efficiency, Saurabh will ensure the company aligns with its strategic objectives and vision, while inducing robust governance practices and shaping green energy based mobility solutions. He will play a pivotal role in reinforcing Evera’s governance framework, ensuring ethical business conduct and compliance.

Commenting on his appointment, Mr. Saurabh Kumar, independent Director, Evera, said, “Urban mobility can enable reducing the growing carbon footprint without compromising on efficiency and convenience. The urgent need is to integrate sustainable energy solutions into transportation systems at scale, and that’s exactly where Evera is uniquely positioned. By addressing gaps in energy optimization and fleet efficiency, I aim to steer Evera towards innovative, actionable solutions. Together, we will not only expand our green mobility reach but also set new industry standards that meet both environmental and customer demands head-on.”

Welcoming Saurabh to the team, Mr. Nimish Trivedi, Founder and CEO, Evera said, “Saurabh’s deep expertise in sustainable energy and policy implementation is critical to Evera’s future plans. His strategic prowess will be instrumental in addressing the operational and environmental challenges of scaling electric fleets in a densely populated region like Delhi-NCR, where the need for sustainable urban mobility solutions is pressing. With Saurabh’s addition, we aim to strengthen technology infrastructure and enter new markets, thus solidifying our position as a leader in the electric mobility space.”

Saurabh Kumar is also the Vice President – India for the Global Energy Alliance for People and Planet (GEAPP). With over three decades of experience, he began his career began with the Indian Revenue Service (IRS), focusing on sensitive intelligence assignments, and further, held key positions in the Indian government, including the Union Ministry of Power and the Bureau of Energy Efficiency (BEE). Mr. Saurabh Kumar as Vice Chairperson & MD of Energy Efficiency Services Limited (EESL), successfully led the implementation of several key energy efficiency programs. Mr. Saurabh Kumar became the face of the country’s energy efficiency programmes after he spearheaded the world’s largest non-subsidised distribution programme of LED lamps under the ‘Unnat Jyoti by Affordable LEDs and Appliances for All’ (Ujala) scheme. He is a pioneer in EV industry & has been instrumental in driving large-scale energy efficiency programs and promoting sustainable energy initiatives across India. He holds a degree in Electrical Engineering from IIT Kanpur and a master’s in public policy from the National Graduate Institute for Policy Studies in Tokyo, Japan.

About Evera

Evera Cabs is an all-electric cab demand aggregator across Delhi-NCR, offering services such as airport transfer, rentals, and corporate transportation. Currently Evera’s e-taxi service operates in Delhi-NCR, with the aim to reduce the human carbon footprint, while enhancing customer experience, one ride at a time. Founded in 2019, Evera is an EV cab service provider for customers across B2C and B2B segments.

Accelerating the ecosystem for sustainable cab hailing transportation for the masses and corporates, Evera has secured its pre-Series A funding round of $3 million. IEG Investment Banking Group, Germany and Direct Capital- subsidiary of Devonshire Capital, Thailand came together in the closure of this round. In a short span, the brand has clocked 30+ million Green Kilometres across Delhi NCR.

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Ahmedabad (Maharashtra) [India], August 28: Boss Packaging Solutions Ltd, Ahmedabad-based Packaging Machines Manufacturing & Solution company, is planning to raise up to Rs. 8.41 crore from its SME public issue. The company has received approval to launch its public issue on the NSE Emerge Platform of the National Stock Exchange. The public issue opens for subscription on August 30 and closes on September 03. The Proceeds of the public issue will be utilized to fund the company’s working capital requirement, additional CNC equipment and general corporate purposes. Fedex Securities Private Limited is the book-running lead manager of the issue.

The initial public offering of Rs. 8.41 crore, comprises of a fresh issue of 1,274,000 shares of face value Rs. 10 each. Company has finalized price of Rs. 66 per equity share for the public issue. The minimum lot size for retail investors is 2000 shares amounting to minimum investment of Rs 1,32,000. The minimum lot size investment for HNI is 2 lots (4000 shares) amounting to Rs 2,64,000.

Incorporated in January 2012, Boss Packaging Solutions Limited manufactures, supplies, and exports a variety of packaging, capping, and filling machines. They also offer self-adhesive sticker labelling machines, conveyors, turntables, web sealers, and sleeve applicators.

Highlights:

• Fresh Public issue of 12.74 lakh equity shares opens for subscription from August 30 to September 3
• The company provides Packaging Machines & Solutions suitable for Pharma, FMCG and Pesticides
• Minimum lot size for the application is 2000 shares; Minimum IPO application amount Rs. 1.32 lakh
• Funds raised through the issue will be used for Additional CNC Equipment and Working capital
• For FY23-24 company reported revenue of Rs. 12.17 crore and Net Profit of Rs. 1.01crore
• Fedex Securities Pvt Ltd is the book-running lead manager of the issue.

Company has full packaging line includes, automatic liquid packaging, cream/lotion packaging line, honey packaging line, paint packaging line, flavoured milk packaging, syrup packaging, pesticides and chemical packaging line, sanitizer packaging line, lubricant oil packaging line, edible oil packaging line, ghee packaging line and sauce packaging line.

The company has expanded its packaging machines portfolio, which includes a comprehensive range of packaging machinery such as industrial packaging machines with Semi-Automatic or fully automatic Liquid Filling Machines, Screw or ROPP Capping machines, Pick and Place Screw Capping Machines. Wide range of Self-Adhesive Sticker Labelling Machines, Hologram Applicator Machines, Shrink Sleeve Applicator Machines, Conveyors and Turn Tables, Air Jet Cleaning Machine, Semi-Automatic or automatic shrink-wrapping machines (Web Sealer), Electric Tunnels and Winder Rewinder and customized atomization to cater to diverse customer requirements.

Presently, the company supply to 18 states and 3 UT apart from exports, having Pan India presence for marketing and support services under own brand.

The company supplies its products to industries such as edible oil, lubricants, chemicals, cosmetics, homecare, pharmaceuticals, viscous liquid, juices and dairy, agriculture and pesticides, food and ancillaries, cosmetic and toiletries, and distilleries and breweries.

Company has well-equipped machine manufacturing facilities along with a registered office in Ahmedabad, Gujarat, India.

Business Highlights:-

The company’s revenue from operations for the Fiscal 2024 & Fiscal 2023 respectively was Rs. 12.17 crores & Rs. 10.33 crores. EBIDTA for Fiscal 2024 & Fiscal 2023 was Rs. 1.55 crore & Rs. 1.43 crore respectively. Profit after tax for the Fiscal 2024 & Fiscal 2023 was Rs. 1.01 crore and Rs. 1.00 crore respectively.

As of March 2024, the Net Worth of the company was reported at Rs. 4.52 crore and Reserves & Surplus at Rs. 1.35 crore. As of March 2024, the ROE of the company was 22.31%, ROCE at 28.99%, and RoNW at 22.31%. Shares of the company will be listed on NSE’s Emerge platform.

With IPO priced at Rs. 66 per share, EPS of Rs. 3.38 per share for FY2024, PE ratio comes to around 19.54. Industry PE is around 54 times. Price to Book value is 4.62 times.

IPO Highlights – Boss Packaging Solutions Limited
IPO Opens on	August 30, 2024
IPO Closes on	September 03, 2024
Issue Price	Rs. 66 Per Share
Issue Size	12.74 lakh shares – up to Rs. 8.41 crore
Lot Size	2000 Shares
Listing on	NSE Emerge Platform of National Stock Exchange

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