Tag: Business

  • Maharashtra’s MSME sector to get push from CII’s Digital Saksham program

    Maharashtra’s MSME sector to get push from CII’s Digital Saksham program

    Mumbai (Maharashtra) [India], August 24: The MSME sector in Maharashtra is all set for a digital boost through a novel initiative by the Confederation of Indian Industry. CII’s Digital Saksham program is working to bridge the gap between digital technologies and micro enterprises with its pioneering Project Digital Saksham supported by Master card. The project is providing trainings in 13 States and over 55 industrial clusters. 

    Digital Saksham, an ambitious project of CII in partnership with Mastercard Centre for Inclusive Growth, is playing a transformative role in Maharashtra to equip entrepreneurs across the state with essential digital tools and skill sets, fostering growth, sustainability, and global competitiveness. Mr. Sameer Gupta, Chairman, CII National MSME Council and Chairman and Managing Director, Jakson Group, said, “ The impact of Digital Saksham in Maharashtra has been substantial, with the program reaching out to 10,000 MSMEs, providing training to 4,000 businesses, and achieving an adoption rate of 3,000 enterprises. This success is reflected in numerous inspiring stories across various sectors. Trainers from across Maharashtra have come on board to optimise training and development across the state in Marathi to help the micro and nano enterprises in digital transformation in the local language for deep grassroots penetration and empowerment.”

    There are plenty such success stories in the state already, Mr Gupta added. In Nashik, the food processing sector is undergoing a remarkable digital transformation, shifting from traditional practices to virtual marketplaces. Local entrepreneurs are leveraging digital platforms to showcase their products, connect with consumers across India, and streamline operations, preserving Nashik’s culinary heritage while opening new avenues for growth and innovation. 

    Similarly, Pune’s textile industry is experiencing a digital renaissance, seamlessly blending traditional craftsmanship with cutting-edge technology. Artisans and manufacturers are adopting digital tools to revolutionize design, production, and marketing processes, positioning the city as a hub for innovative textile solutions.

    Mumbai’s retail landscape has also been undergoing a significant shift as local shops embrace digital storefronts, enabling them to reach customers far beyond their physical locations and compete on a global stage. 

    Meanwhile in Aurangabad, a retail revolution is unfolding as businesses adopt e-commerce platforms, digital payment solutions, and social media marketing, preserving the city’s cultural heritage while positioning its retail sector for sustainable growth in the digital era.

    Sanjeev Ghongade, owner of MicroIndia, and Tatyarao Pese of Shree Shanaishwas Engineering have revolutionized their manufacturing processes. Abhijit Gole, a Chartered Accountant, has digitized his financial services, while Kishor Prabhu of Thumb Print has transformed his printing business. In the hospitality sector, Sunil Mhatre of Mhatre Restaurant has embraced digital marketing and online ordering systems. The tourism industry has seen innovations from Arun Fadke of Ashwin Tours and Mahesh Bapat of Harishareshwar Boat, who now offer online bookings and virtual tours. Anil Khargaonkar, proprietor of 360 Degree Architect, has integrated 3D modeling and virtual reality into his architectural services. These success stories, among many others, demonstrate how the Digital Saksham program is enabling businesses across Maharashtra to leverage digital tools for growth and efficiency.

    The initiative’s collaborative approach has fostered synergies among stakeholders, facilitating knowledge-sharing, skill development, and the adoption of best practices. As Maharashtra continues to ride high on its industrial growth trajectory, CII’s Digital Saksham project stands as a catalyst, empowering entrepreneurs, preserving heritage, and propelling the state toward a digitally driven, sustainable, and prosperous future. The Project is acting as an important bridge to connect micro-enterprises with state schemes for MSMEs and encourage them to register on Udyam and GeM.

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  • 10 Industry Titans and Entrepreneurs Fueling India’s Progress

    10 Industry Titans and Entrepreneurs Fueling India’s Progress

    New Delhi [India] August 23: India is home to a dynamic and rapidly evolving business landscape, driven by visionary leaders and entrepreneurs who are reshaping industries and setting new benchmarks for success. From innovative design studios and thriving travel agencies to fashion influencers and legal education pioneers, these ten industry titans are at the forefront of their respective fields. Their relentless pursuit of excellence, commitment to innovation, and dedication to social impact are not only fueling their own success but also contributing to India’s growth and progress on the global stage. Discover the stories behind these inspiring leaders and their transformative ventures.

    1)    Vijay Pingle: Pioneering Innovation at Thinkster

    Mr. Vijay Pingle is a seasoned graphic designer and digital marketer with over a decade of experience. Since 2018, he has been the driving force behind Thinkster, a creative studio based in Pune. Under his leadership, Thinkster has gained a reputation for delivering innovative design solutions and impactful digital marketing strategies. With a keen eye for detail and a passion for creativity, Mr. Pingle has successfully helped numerous brands enhance their visual identity and online presence, making him a trusted name in the industry.

    2)    Nikhil Nandgaonkar: Leading Goparyatak’s Travel Excellence

    Mr. Nikhil Nandgaonkar is a seasoned travel and tourism expert with over a decade of experience in the industry. Since 2016, he has been the owner and visionary behind Goparyatak, a thriving travel agency based in Pune. His deep knowledge of destinations and commitment to personalized service have made Goparyatak a trusted name for travelers seeking memorable experiences. With a passion for exploration and a dedication to customer satisfaction, Mr. Nandgaonkar continues to inspire wanderlust in his clients.

    3)  Dr. Simi Mishra, CEO of 3R ZeroWaste

    The 3R ZeroWaste Environment Foundation (3RZWEF) is at the forefront of India’s sustainability efforts, transforming waste into a valuable resource. By promoting reuse, recycling, and circular economies, they empower communities to embrace sustainable practices. Aligned with the United Nations Sustainable Development Goals, 3RZWEF focuses on climate justice, resource conservation, and environmental health, aiming to reach 5 million people by 2025. Dr. Simi Mishra, CEO, emphasizes their commitment to reducing waste and fostering sustainable living, driving India toward a resilient and equitable future.

    4)  Fashionwithaniket (Aniket prasad rajak)– TOP FASHION INFLUENCER IN ODISHA

    Aniket Prasad Rajak, popularly known as Fashionwithaniket, is a top fashion blogger from Odisha with over 400K+ Instagram followers. His inspiring journey from a small-town boy to a national fashion icon and he is very famous in odisha Bhubaneswar & rourkela he has good fan base in Bhubaneswar and rourkela for an Collabration and brand deals As an Amazon-verified blogger, Aniket has partnered with more than 500+ top brands, including Mivi, Beardo, Myntra,Amazon, and Flipkart. His work continues to shape trends in the fashion industry.

    Follow him on Instagram: Fashionwithaniket

    5) Suresh Thomas launches his Artist Management company – The Diamond Collective

    Suresh Thomas–ex MD BMG Crescendo has been a pioneer and maverick in the Music Business, now the co-founder of The Diamond Collective, an Artist Management company. He says”I foresee tremendous growth and demand for independent music. The quest to produce Indie Stars is our mission”.

    The first signings of TDC are Deobrat Mishra Sitarist, Featherheads Folk band, Tirth Shinde Marathi Pop artist, Tom Murmu Folk singer, Adam Avil a veteran Rocker & Sinfonity–The world’s #1 Electric Guitar Orchestra.

    6) Manoj Kumar Sharma’s ‘Me No Pause Me Play’ Tackles Menopause

    Author Manoj Kumar Sharma has written a remarkable book Me No Pause Me Play on one of the most prevalent issues of women’s life, Menopause, a condition where a female loses everything of her joy, happiness, glow and health. Along with this author has curated a gallery of pathetic facts of patriarchy and sufferings of females in it. With his long forward impact he has embarked light upon the notion to break it as ‘Naari hi naari ki shatru hai’ no where woman supports another woman.

    Our society will always be thankful to such masterpieces and legends. This book is reviewed, liked and preferred by the mass section of the society as they all can feel it, relate it, enjoy it and learn from it.

    7) ⁠Coco Coopa Fried Chicken

    Coco Coopa Fried Chicken is set to make 2025 an unforgettable year as it embarks on an ambitious plan to open 100 outlets within just one year. Renowned for its world-famous youngest fried chicken and a secret 27-recipe blend, Coco Coopa is planning a grand celebration in January 2025. Throughout the year, customers can enjoy exciting promotions and delicious offerings, including burgers, sandwiches, and refreshing mojitos.

    Follow the excitement and updates on Instagram: Coco Coopa.

    8) ⁠⁠Mrs India Queen

    Mrs India Queen of Substance 2024 was hosted on a lively night in the Capital,   at a luxury Five Star Hotel in New Delhi on 10th August 2024, Chief Guest Ashneer Grover & Madhuri Grover along with Founder Directors Ritika Vinay & Vinay Yadawa along with Bollywood Actor Aman Verma Crowned Mrs India 2024 Queen Of Substance Parvathy Raveendren from Australia in Ruby category, Anushka Dani  from Delhi in Sapphire, Sonia Goenka from Kolkata  in Ruby category.

    9) Anu Sharma Empowers Young Lawyers with ILMS Academy Partnership

    Anu Sharma, founder of Company360 and a prominent figure in the legal field is partnering with the non-profit organization ILMS Academy to provide young lawyers with essential practical knowledge. Quality legal education and skilled lawyers are vital for societal progress. She firmly believes that education is the most powerful tool to transform society and break the chains of generational poverty. By focusing on legal education, particularly through the practical legal drafting course, she aims to nurture bright, ethical minds capable of making a significant impact on society.

    10) Mr. C. Venkatraman Founder & CEO Bharat Generic 

    Founder & CEO Mr. C. Venkatraman stated, “Our goal is to deliver affordable healthcare to all. By expanding our franchise model, we can reach underserved areas and offer quality products at lower prices. We believe this initiative will support local communities and advance our mission of universal healthcare accessibility.”

    Bharat Generic, a prominent Indian pharmaceutical company, plans to expand by opening new franchises in small towns across South India. This expansion aims to address the healthcare needs of residents in remote areas.

    https://linktr.ee/lokmattimes

  • Sarvesh Goel Unveils Plans for New Luxury Hotel ‘Eka by The Centrum’ in Varanasi

    Sarvesh Goel Unveils Plans for New Luxury Hotel ‘Eka by The Centrum’ in Varanasi

    Lucknow (Uttar Pradesh) [India] August 22: Sarvesh Goel, Chairman of Mansingh Goel and Promoter of The Centrum Hotel, announced today the launch of a new upcoming hotel, “Eka by The Centrum,” in Varanasi, Uttar Pradesh. This new venture is in collaboration with Ambiance Hospitality Pvt. Ltd. and marks a significant step in the growth of the hospitality sector in the state. “Eka by The Centrum” will be an exquisite addition to Varanasi, continuing the success of The Centrum brand, which made its mark with a luxurious five-star hotel in Lucknow.

    This initial success was one of the highlights of the UP Investor Summit and demonstrated the state’s ability to attract high-end investments. The upcoming hotel in Varanasi aims to offer a premium experience to both tourists and pilgrims visiting this historic city. Varanasi, known as the spiritual capital of India, is an important part of the Buddha Circuit and attracts millions of visitors each year, including international pilgrims. The Buddha Circuit, which includes important Buddhist pilgrimage sites such as Sarnath in Varanasi and Kushinagar, along with Ayodhya, another major religious destination in Uttar Pradesh, is expected to benefit greatly from this new hotel.

    The Eka by The Centrum will cater to the growing number of visitors to these spiritual destinations, offering world-class hospitality services.Varanasi also holds special significance as it is the parliamentary constituency of Prime Minister Narendra Modi. The launch of this upcoming new hotel will not only support the local economy but also align with the Prime Minister’s efforts to enhance Varanasi’s global image as a major tourist and spiritual hub in India. Additionally, this initiative complements the efforts of Uttar Pradesh Chief Minister Yogi Adityanath, who has been actively promoting tourism as a key component of the state’s economic growth strategy. This new hotel will contribute to these goals by offering top-notch hospitality services and boosting the city’s appeal to global tourists. The exact location of the new hotel has not yet been revealed, but it is expected to be near the stunning Ghats of the Ganges. This picturesque and iconic area is one of Varanasi’s most cherished landmarks.

    Being situated in this beautiful location, “Eka by The Centrum” will attract not only tourists and pilgrims but also filmmakers and producers from Mumbai, Patna, Delhi, and South India. These creatives often choose Varanasi for its unique and authentic backdrop, and the hotel is poised to become a preferred destination for them. Varanasi’s timeless charm and spiritual atmosphere have always captivated the film industry.

    The new hotel will likely become a central hub for those looking to capture the essence of this remarkable city on film. Sarvesh Goel, who also owns a film production company named AND Productions, is excited about the opportunities this new hotel will offer to the film industry, blending his expertise in hospitality with his passion for filmmaking. The introduction of “Eka by The Centrum” is set to provide a significant boost to Uttar Pradesh’s hospitality sector. It will attract more tourists, enhance the city’s infrastructure, and create new job opportunities, contributing to the region’s overall development. This new venture is a testament to Uttar Pradesh’s growing appeal as a prime destination for high-end hospitality investments. “Eka by The Centrum” will set new standards for luxury accommodation in Varanasi, ensuring that it remains a top choice for travellers and filmmakers alike.

    We look forward to sharing more details about this exciting project as we move closer to the opening date.

  • Entrepreneur Hari Gupta to Pump INR 100 Crore into Indian SMEs, Aims to Boost Global Presence

    Entrepreneur Hari Gupta to Pump INR 100 Crore into Indian SMEs, Aims to Boost Global Presence

    New Delhi: In a significant move to bolster the Indian SME sector, Hari Gupta, a prominent UAE-based NRI entrepreneur, has committed to investing ₹100 crore in small and medium enterprises across India. The investment will be channeled through SkyHigh, a company founded by Gupta, which also plans to establish a SEBI-approved Alternative Investment Fund (AIF) to actively participate in SME IPOs as an Anchor or Qualified Institutional Buyer (QIB).

    Hari Gupta, who began his entrepreneurial journey with a mere $250 loan, has built a formidable business empire over the past 30 years. His ventures span multiple countries, and he is known for elevating lesser-known brands to top market positions, both in India and internationally. Gupta’s notable achievements include producing the 2010 TV reality show My First Million, aired on Zee International TV.

    SkyHigh’s initiative is not just about financial investment. The company aims to provide Indian SMEs with unparalleled access to global markets through Gupta’s extensive networks in the UAE, Singapore, Sri Lanka, Nepal, CIS countries, and beyond. This holistic approach is designed to help SMEs grow beyond domestic boundaries.

    In addition to funding, SkyHigh will support SMEs with a robust marketing strategy that includes comprehensive media exposure across various platforms, including print and digital outlets, billboards, and endorsements from well-known celebrities. These services will be provided to SMEs at no initial cost, making it easier for them to benefit from expert marketing and branding without financial strain.

    SkyHigh executives recently attended the Mumbai Money Expo, where they engaged with various SMEs and merchant bankers to discuss potential collaborations. This event marks the beginning of what promises to be a transformative journey for Indian SMEs looking to scale globally.

    A well-known celebrity has praised SkyHigh’s initiative, emphasizing its potential to significantly enhance the global reach of Indian SMEs and contribute to the ‘Make in India’ vision championed by the Hon’ble Prime Minister.

    For more information or to discuss potential opportunities, please reach out to:

    Hari Gupta

    Phone (UAE): +971 5251 40619

    Phone (India): +91 920 50 18270

    Email: ipo@SkyHighAmc.com

  • Entrepreneur Hari Gupta to Pump ₹100 Crore into Indian SMEs, Aims to Boost Global Presence

    Entrepreneur Hari Gupta to Pump ₹100 Crore into Indian SMEs, Aims to Boost Global Presence

    New Delhi: In a significant move to bolster the Indian SME sector, Hari Gupta, a prominent UAE-based NRI entrepreneur, has committed to investing ₹100 crore in small and medium enterprises across India. The investment will be channeled through SkyHigh, a company founded by Gupta, which also plans to establish a SEBI-approved Alternative Investment Fund (AIF) to actively participate in SME IPOs as an Anchor or Qualified Institutional Buyer (QIB).

    Hari Gupta, who began his entrepreneurial journey with a mere $250 loan, has built a formidable business empire over the past 30 years. His ventures span multiple countries, and he is known for elevating lesser-known brands to top market positions, both in India and internationally. Gupta’s notable achievements include producing the 2010 TV reality show My First Million, aired on Zee International TV.

    SkyHigh’s initiative is not just about financial investment. The company aims to provide Indian SMEs with unparalleled access to global markets through Gupta’s extensive networks in the UAE, Singapore, Sri Lanka, Nepal, CIS countries, and beyond. This holistic approach is designed to help SMEs grow beyond domestic boundaries.

    In addition to funding, SkyHigh will support SMEs with a robust marketing strategy that includes comprehensive media exposure across various platforms, including print and digital outlets, billboards, and endorsements from well-known celebrities. These services will be provided to SMEs at no initial cost, making it easier for them to benefit from expert marketing and branding without financial strain.

    SkyHigh executives recently attended the Mumbai Money Expo, where they engaged with various SMEs and merchant bankers to discuss potential collaborations. This event marks the beginning of what promises to be a transformative journey for Indian SMEs looking to scale globally.

    A well-known celebrity has praised SkyHigh’s initiative, emphasizing its potential to significantly enhance the global reach of Indian SMEs and contribute to the ‘Make in India’ vision championed by the Hon’ble Prime Minister.

    For more information or to discuss potential opportunities, please reach out to:

    Hari Gupta

    Phone (UAE): +971 5251 40619

    Phone (India): +91 920 50 18270

    Email: ipo@SkyHighAmc.com

  • Forcas Studio Ltd planning to raise up to Rs. 37.44 crore from public issue; IPO opens August 19 #3

    Forcas Studio Ltd planning to raise up to Rs. 37.44 crore from public issue; IPO opens August 19 #3

    New Delhi [India], August 16: Forcas Studios Limited, an established menswear company since 2010, is planning to raise up to Rs. 37.44 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 19 and closes on August 21. The Proceeds of the public issue will be utilized to meet the company’s working capital requirement, upgrade the warehouse, prepay or repay certain secured loans availed and for general corporate purposes. Horizon Management Private Limited is the book-running lead manager of the issue.

    The initial public offering of Rs. 37.44 crore comprises a fresh issue of 4,680,000 shares of face value of Rs. 10 each. Company has finalized a price band of Rs. 77-80 per equity share for the public issue. The minimum lot size for retail investors is 1600 shares, amounting to a minimum investment of Rs 128,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to Rs 256,000.

    Highlights:-

    • Fresh Public issue of 46.8 lakh equity shares opens for subscription from August 19 to August 21
    • The menswear company sells its products through online platform under the brand name of ‘FTX’, ‘Tribe’ and ‘Conteno
    • Minimum lot size for application is 1600 shares; Minimum IPO application amount Rs. 1.28 lakh
    • Funds raised through the issue will be used to meet the working capital requirements, upgradation of warehouse, repayment of secured loans and general corporate purposes.
    • For FY23-24 (till February 2024) company reported revenues of Rs. 96.48 crore and Net Profit of Rs. 5.53 crore
    • Horizon Management Private Limited is the book-running lead manager of the issue.

    Incorporated in April 2010, Forcas Studio Limited sells men’s clothing, including shirts, jeans, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers. The company provides these products online and in bulk to customers all over India. It also offers white-labelling services for other brands, such as Landmark Group, V-Mart Retail, V2 Retail, and more.

    The company offers a wide range of products, including shirts, denims, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers for the Indian menswear segment. The company sells its products through online platform under the brand name of ‘FTX’, ‘Tribe’ and ‘Conteno.

    The company has established a presence on all major online platforms, including Flipkart, Myntra, Meesho, Amazon, Ajio, Jio Mart, Glowroad, Limeroad, Solvd, and Shopsy. Additionally, the company has also sold products through various large-format stores, including V-Mart Retail, V2 Retail, Sarvana Retail and many more. The company has served more than 15000 pin codes in India.

    The company has a strong offline presence, with a presence on major online marketplaces and in over 500 large-format stores. They offer a wide range of products with a catalogue of over 1200 SKUs.

    The company has four warehouses in Kolkata for the purpose of supply chain management.

    Business Highlights:-

    Company has reported excellent operational and financial performance over years. The Company has witnessed a multi-fold growth in revenue and profitability over the years. For FY23-24 (till February, 2024), company has reported net profit of Rs. 5.53 crore and revenue of Rs. 96.48 crore as compared to profitability and revenue of Rs. 1.17 crore and Rs. 71.62 crore in FY22-23.

    As on February 2024, the Net Worth of the company was reported at Rs. 19.01 crore, Reserves & Surplus at Rs. 6.11 crore and Asset base of Rs. 123.79 crore. As on March 2024, the ROE of the company was 27.06%, ROCE at 18.54%, and RONW at 27.06%. Shares of the company will be listed on NSE’s Emerge platform.

    IPO Highlights – Forcas Studio Limited
    IPO Opens on August 19, 2024
    IPO Closes on August 21, 2024
    Issue Price Rs. 77-80 Per Share
    Issue Size 46.8 lakh shares – up to Rs. 37.44 crore
    Lot Size 1600 Shares
    Listing on NSE Emerge Platform of National Stock Exchange

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  • Magellanic Cloud reports robust YoY EBITDA Growth of 37.3% and YoY PAT growth of 40.3%

    Magellanic Cloud reports robust YoY EBITDA Growth of 37.3% and YoY PAT growth of 40.3%

    Hyderabad (Telangana) [India], August 20: Magellanic Cloud (BSE: MCLOUD), an emerging global leader in the technology space, has announced its financial results for the quarter ending June 30, 2024. With a robust portfolio of subsidiaries in IT, ITES, surveillance, and drone technology, the company remains focused on owning, acquiring & innovating technology.

    Commenting on the financial Mr. Joseph Sudheer Reddy, Global CEO, Magellanic Cloud said: “Our Q1 FY25 results demonstrate the strength of our multi-technology portfolio and our unwavering focus on driving transformational growth. With our 37.3% YoY EBITDA growth and a 40.3% increase in YoY profit reflect the power of our strategic focus on operational excellence and innovation. Achieving an EBITDA margin of 40.05% showcases our ability to navigate challenges and optimize for profitability.

    As we look ahead, we’re poised to deepen, accelerate & acquire advancements in Generative AI,

    surveillance, and drone technologies, where we are already at the forefront of innovation. These technologies will continue to drive our growth trajectory as we further solidify our market leadership. Our vision is to scale strategically, harnessing innovation & acquisition to deliver sustainable, long-term growth and unlocking greater value for all stakeholders.”

    Key financial highlights

    • Revenue from operations stood at Rs. 132.17 crore in Q1 FY25, as against Rs. 137.78 crore in Q1 FY24.
    • EBITDA for the quarter is Rs. 52.93 crore as against Rs. 38.56 crore in Q1 FY24, a year-on-year growth of 37.3%
    • EBITDA Margin for Q1 FY25 stood at 40.05%
    • Q1 FY25 profit stands at Rs. 26.51 crore against a PAT of Rs. 18.89 crore in Q1 FY24, year on year growth of 40.3%
    • During the quarter, Scandron, a subsidiary, receives DGCA approvals for its small category Agri Drone.

    Magellanic Cloud

    Magellanic Cloud has strengthened its leadership team as part of its organizational process transformation strategy by bringing in seasoned industry veterans to steer the company through emerging opportunities and challenges.

    Drones (Subsidiary – Scandron Private Limited)

    • Scandron, a subsidiary of Magellanic Cloud, achieved a major milestone by receiving its second DGCA approval, this time for its small category Agri Drone. Notably, Scandron is also the first company in India to secure DGCA certification for its logistics drone. These certifications position Scandron to participate in key government-led initiatives such as Drone Didi, where type certification is a prerequisite further strengthening our contribution to the growth of the drone ecosystem in India.
    • Scandron, a subsidiary of Magellanic Cloud successfully conducted trials with defense forces at medium and high altitudes, demonstrating Scandron’s advanced logistics capabilities in challenging environments. These trials solidified the company’s role as a reliable partner for defense operations, highlighting its potential to revolutionize military logistics and tactical support.

    IT & ITES Business (Motivity Labs & JNIT Technologies)

    • We delivered a cutting-edge Generative AI (GenAI) application to a key client in the travel domain. This achievement underscores our commitment to delivering AI-driven transformation across industries, reinforcing Motivity Labs’ leadership in pioneering intelligent technology solutions.
    • Motivity Labs has expanded its services by partnering with vendors that are Oracle Gold partners to address industry gaps and accelerate growth. Leveraging this strategic alliance, we acquired multiple local partners, filling the gaps and further strengthening our revenue streams and customer base. This partnership enhances the company’s IT capabilities, driving scalability, improving sales turnover, and ensuring comprehensive customer resource fulfillment.
    • We set a recent establishment in Canada, coupled with a partnership with one of the world’s top five global companies, allows us to offer both local and international resources in the Canadian market. This strategic expansion broadens our global footprint and significantly enhances our capability to serve a varied clientele.

    E-Surveillance (Subsidiary – IVIS International Pvt. Ltd and Provigil Surveillance Ltd.)

    • The company exhibited in three major expos in Delhi and Mumbai, where we engaged with top exhibitors, industry experts, and key government officials from across the Indian and international markets. The expos featured advanced technologies in CCTV, e-surveillance, integrated systems, networked security, monitoring centers, and computer security. This exposure also facilitated our acquisition of clients from diverse industries beyond BFSI, including healthcare, retail, manufacturing, government & commercial sectors.
    • We onboarded three prominent players in the Gold Financing industry, spanning over 270 locations, which is complemented by the deployment of comprehensive automation for vault door operations featuring sophisticated intelligent security technology.

    About Magellanic Cloud:

    Magellanic Cloud Limited (BSE: MCLOUD) is a pioneering technology enterprise, offering software development, digital transformation, AI/IoT, and drone-based solutions for realworld applications. Committed to harnessing cutting-edge technology, Magellanic Cloud offers transformative solutions to a global clientele and has made strategic investments in IT services, E-surveillance, and advanced drone technologies.

    With a robust workforce of over 1,200 professionals and a portfolio featuring more than 100 clients, including several Fortune 1,000 companies, Magellanic Cloud is recognized for its significant market presence and capability to deliver technology-driven solutions in a competitive global landscape.

    For more details, please visit: www.magellanic-cloud.com

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