Tag: Business

New Delhi [India], August 19: Agarwal Industrial Corporation Limited, India’s most significant Private sector player in the bitumen sector, has released its highest-ever financial results for the period ended on 30 June 2024. For Q1FY25, the Company reported a 12.69% year-on-year (YoY) jump & consolidated revenue of Rs. 709.24 crores. EBITDA (earnings before interest, taxes, depreciation, and amortization) margin saw a massive increase of 46.53% at Rs.61.71 Crore. PAT (Profit after tax) stood at Rs.39.00 crore, with a significant increase of 41.44%. The company has reported volume growth of 26.60% & highest ever 1st quarter volume of 170,478.36 MT. The Board of Directors have approved a dividend of Rs. 3 per Equity Share of the face value of Rs. 10/- for FY23-24.

Agarwal Industrial Corporation Limited is not just a bitumen player but also a significant player in the private sector in India. It functions as an Infrastructure Ancillary for the transport and logistics segments and provides logistics for bulk bitumen and LPG. The Company’s operations are diverse, with 7 manufacturing facilities, a portfolio of more than 20 products, and a fleet of 10 vessels with a capacity of around 1,02,049 MT.

In January, Agarwal Industrial Corporation achieved a significant milestone by securing tenders to supply bulk bitumen from Bharat Petroleum Corporation for its Mumbai and Haldia locations, totalling 45,000 MTs valued at Rs 232.60 crore. The Company also secured a tender from Hindustan Petroleum Corporation for its Mangalore and Haldia locations, totalling 1,50,000 MTs with an approximate value of Rs.500 crore.

The Union Budget 2023-24 laid a strong foundation for infrastructure development with a total proposed expenditure of Rs 45,03,097 crore. The interim budget has allocated a staggering Rs 2,72,000 crore for the Ministry of Road Transport and Highways, a significant increase from the previous year.

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Bengaluru (Karnataka) [India], August 19: Spark PWM Private Limited (formerly known as Spark Family Office and Investment Advisors (India) Private Limited), or Spark Private Wealth Management, a subsidiary of Spark Capital Advisors (India) Limited, a two-decade-old mid-market investment banking and financial services firm today announced the inauguration of a new office at Prestige Emerald in Bengaluru’s Ashok Nagar. This move is part of Spark PWM’s ongoing expansion strategy to accommodate its rapidly growing team and to better serve its clients in the region.

Spark PWM has seen impressive growth over the past year, with its Assets Under Management soaring from INR 3,000 crores in April 2023 to over INR 20,000 crores today, thanks to its dedication to bespoke wealth management for Ultra HNI families across India.

This year, Spark PWM has earned top industry awards, including Best Boutique Wealth Manager – Rising Star (India) at The Asset Triple A Private Capital Awards 2024 and Emerging Wealth Manager (India) at The Twelfth Annual WealthBriefingAsia Awards 2024, solidifying its status as one of India’s fastest-growing financial services firms.

On the occasion of Bengaluru’s new office inauguration, Arpita Vinay, MD & Co-CEO, Spark PWM said, “Our expansion in Bengaluru is a direct result of our impressive growth in AUM and team size. As a crucial market for us, this new office will enhance our ability to offer tailored strategies and exceptional support to our clients in the region. This milestone marks a key step in our journey to becoming a leading private wealth management firm in India.”

Kishore Rijhwani, Senior Director, Spark PWM added, “Bengaluru office will continue Spark PWM’s tradition of offering top-tier solutions through its open-architecture platform. This new location would enable the Ultra HNI families from the southern region to easily access our multi-family office proposition, which includes a comprehensive suite of services such as portfolio monitoring, investment management, estate planning, and tax services. We aim to bring our best-in-class services closer to our clients.”

The company’s growth trajectory has also led to a significant expansion of its team. From just 60 members in April 2023, Spark PWM has grown to over 300 members today, including more than 130 highly skilled Relationship Managers. This expansion highlights the company’s commitment to attracting top talent and delivering best-in-class wealth management services.

As part of its ambitious expansion plan, Spark PWM has extended its geographical footprint across India since last year and plans to expand to international markets. From a single office in Chennai, the company has expanded to key cities, including Mumbai, Delhi, Kolkata, Ahmedabad, Pune, Hyderabad, and Bengaluru, with a provision for servicing clients in satellite locations.

About Spark PWM 

Spark PWM Private Limited (formerly known as Spark Family Office and Investment Advisors (India) Private Limited), is a subsidiary of Spark Capital Advisors (India) Limited. The company extends the core DNA of Spark Capital – Knowledge, Integrity, Trust & Transparency – to help Affluent Families, Business Owners / Promoters, Family Offices, New Age Entrepreneurs and CXOs to navigate a world full of opportunities and risks. Spark PWM offers products and services designed to help them seamlessly create, preserve, and transition their wealth across their generations. The offerings are backed by a robust Investment Policy Framework which is backed by research and superior execution to pick future winner ideas well ahead of our competition.

Mumbai (Maharashtra) [India], August 17: Unclaimed investments are one of the biggest, silent worries in the area of financial management. A joint estimate of unclaimed assets in India is collectively estimated at ₹5,79,788 crores, including in value ₹3,78,000 crores in physical shares, ₹35,770 crores in mutual funds, ₹5,454 crores in unclaimed dividends, ₹28,800 crores in IEPF holdings, ₹62,225 crores in bank deposits, ₹48,000 crores in unclaimed provident funds, and ₹21,539 crores in unclaimed insurance policies. They definitely make an effective case. Share Samadhan, under the guidance of promoter Abhay Chandalia and Strategy Head Chaman Chandalia, has emerged as a pioneer in this domain, leveraging innovative strategies to address and resolve the issue of unclaimed investments.

The Scale of the Problem

The runaway market of unclaimed investments across India reflects a very critical chasm in the realm of finance management and awareness. This problem arises from a lack of documentation, change of contact addresses, neglect, and even death of investors. The cumbersome process of reclamation, coupled with red tapism, makes the whole process of claim, in fact, very challenging, which in turn leaves the rightful owners or their heirs fighting for their dues.

Share Samadhan’s Approach

Share Samadhan had come up with a flexible and proactive approach.Their strategy is based on a profound understanding of the issues involved and a commitment to making maximum use of technology, legal knowledge, and personal service.

• Proper Documentation and Record-Keeping: Share Samadhan is documentation-hungry. They help the client keep high standards of records when it comes to the investments they have going on, with all factual information updated, current, and on the table for easy access. This type of preparedness/documentation goes a long way toward ensuring that investments are kept in sight; the chances of losing them are greatly reduced.
• Advanced technology: It is the prime mover in Share Samadhan. These include the use of modern software and databases to keep records and manage unclaimed investments. Moreover, these can act as a great helper for communicating with the available online portals and tools from regulatory bodies like the IEPF Authority and IRDAI, making way for the easy identification and reclamation of unclaimed assets.
• Legal Expertise and Navigational Support: Share Samadhan’s in-house team of legal experts is an invaluable treasure for the organization and its clients. Their expertise paves the way for smooth and streamlined recovery, relieving investors of cumbersome steps.
• Personalized Client Service: Share Samadhan offers user-specific services considering the fact that each of the persons contacting it is an individual. For example, it offers a one-to-one consultation where a person receives a guide on their journey to recovery and is helped with any specific issues of concern they may have.

 Success Stories and Impact

Evidently, the innovative adaptive approach of Share Samadhan has brought in results. Over ₹600 crores of investments have already been delivered back. Such a delivery of recovered assets surely brings relief; security and happiness come back to the lives of the investors along with their family members. Share Samadhan helps convert dead or unclaimed investments into live assets for both personal stability and health of the economic system.

The Future of Unclaimed Investment Recovery

Looking ahead, Share Samadhan continues to innovate and fine-tune their approach toward unclaimed investment recovery. In the same breath, their commitment to education and raising awareness becomes important to see that investments do not become unclaimed in the first instance.

It is a mammoth and intricate problem, but one which can easily be managed and resolved with the correct approach. Share Samadhan’s innovative and adaptive strategies present a strong solution to this, ensuring the reclamation of investments and that they are returned to rightful owners. Share Samadhan not only services a growing market for unclaimed assets, but it sets a new standard for proactive financial management with detailed documentation, technological integration, legal expertise, and personal service. Successful stories recount how professional help is key in finding the way amidst the difficult path of unclaimed investments to be able to bring financial security and peace of mind to many more people and families.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investing in stocks involves risk, and past performance is not indicative of future results. Readers should conduct their own research or consult with a qualified financial advisor before making any investment decisions.

New Delhi August 17: TCR, short for The Crypto Retriever, is a specialized firm dedicated to helping individuals recover lost digital assets. Known for their unwavering commitment to security and customer satisfaction, TCR has rapidly established itself as a leader in the crypto wallet recovery service industry. With a strong track record, the company has successfully recovered over 500 wallet passwords, restoring more than $3.5 million in cryptocurrencies for over 300 clients.

The mission of TCR is clear: to provide critical support to those who have lost access to their digital wealth due to technical mishaps or insufficient knowledge of cryptocurrencies. Their services encompass a broad spectrum of recovery solutions, including recovering Bitcoin wallet passwords, fixing invalid mnemonic phrases, restoring lost mnemonic seeds, recovering hardware wallets, and blockchain wallet recovery. TCR’s team of experts is deeply committed to maximizing recovery outcomes for every client.

Sameer Ansari, the founder of TCR, expressed his pride in the company’s achievements: “We are incredibly proud of what TCR has accomplished. The positive impact we’ve made on our clients’ lives is a true reflection of our dedication to excellence, security, and ensuring complete customer satisfaction. We look forward to continuing our mission of helping individuals regain access to their valuable cryptocurrencies.”

Security is at the core of TCR’s operations. The company employs cutting-edge security protocols to protect sensitive client information and ensure the utmost protection of their digital assets.

In Hanoi, Vietnam, a man named Bao, well-known for his expertise in crypto marketing, faced a significant challenge. Back in 2016, Bao had successfully amassed 7.3 BTC through his sharp marketing strategies and was confident in his financial future. Unfortunately, his success took an unexpected turn when he accidentally uninstalled his blockchain wallet app. Upon reinstalling it, Bao realized he could not remember the password needed to access his funds.

As time passed, Bao’s financial situation deteriorated due to unsuccessful investments and risky futures trading, leaving him in substantial debt of $156,000. Desperate to recover his lost Bitcoin, Bao tried every method he could think of, but nothing worked.

One day, while searching online for solutions, Bao discovered a video by The Crypto Retriever titled “How to Recover Bitcoin Wallet Password.” The video detailed various techniques for recovering lost wallet passwords. Bao followed the instructions carefully, hoping to unlock his wallet. However, despite his efforts, he was unsuccessful.

TCR’s story is filled with successful recoveries like Bao’s, as they have helped numerous individuals regain access to their lost crypto assets. With their unparalleled expertise and dedication, TCR continues to make a significant difference, enabling people to reclaim control of their financial futures through their top-tier crypto wallet recovery services.

Links:

https://thecryptoretriever.com/

https://www.youtube.com/@TCRetriever

New Delhi [India], August 17: Innovative energy drink brand co-founded by Atharve Malviya, Shivang Sagwaliya, and Sujal from Garoth, Valour Beverages, today announced a successful raise of $250,000 from MBT Ventures. This strategic investment will enable Valour to expand its market reach and accelerate its product development efforts.

Valour Beverages and MBT Ventures intend to make healthier beverage options with use of zero sugar and authentic ingredients available to health conscious customers. The partnership will see Valour Beverages use MBT Ventures’ extensive experience and financial support to redefine the beverage market with premium offerings. Valour Beverages are awaiting a grand launch by the end of this year.

“Valour Beverages sees a real opportunity to deliver premium offerings for our health-conscious customers,” noted the Valour Beverages Co-Founder Atharve Malviya. “

“We intend to bring a fresh perspective and entrepreneurial spirit to our brand with premium energy drinks with exotic and mocktail-inspired flavors, aiming to become a market leader by catering to the health-conscious customer. MBT Ventures is a renowned London-based company creating tomorrow’s legacy today. With a portfolio worth $60 million across 12+ projects, MBT Ventures has a proven track record of identifying and nurturing high-potential ventures. We believe their strategic investment highlights their confidence in our brand’s vision and growth potential. MBT Ventures’ financial backing can help our brand get closer to becoming a market leader,” said Shivang Sagwaliya, the Co-Founder of Valour Beverages.

While energy drink alternatives have been available to health-conscious consumers for some years now, a huge fraction of the consumers have yet to have access to premium energy drinks with mocktails and exotic-inspired flavors. The strategic investment secured by Valour Beverages from MBT Ventures opens the door for more enjoyable and energizing health product development efforts. The health-conscious customers’ will have access to a unique and invigorating flavored energy drink experience without compromising health.

Sujal, who is also the Co-Founder of Valour Beverages, added, “We will bring drinks of premium quality crafted with genuine ingredients and zero sugar to our health-conscious customers at compelling prices. Health-conscious customers can expect to enjoy the highest standards of quality and taste in our range of energy drinks. We are entering this market in a strategic partnership with MBT Ventures, with long-term plans to expand our market reach and cater to the growing demand for healthier beverage options. Listening to our customers’ needs, we are confident that this will be the seed of the brand’s unique proposition, not just a brand launch.”

Health-focused drink alternatives have grown significantly over the last ten years. Sources have estimated that the health drink market will grow at a CAGR of 4.23 percent over the next five years.

“Valour Beverages and MBT Ventures will create a strong brand presence and execute comprehensive marketing strategies to reach a wider audience,” said Atharve Malviya, the Co-Founder of Valour Beverages. “As our team prepares for the official launch, we are pleased to have an infusion of capital from MBT Ventures and believe the investment will play a crucial role in enhancing our product offerings and propelling our brand to new heights,” he finished.

Mumbai (Maharashtra) [India], August 15: Established by Deshbandhu Kagzi in the year 1970, the SHRIJEE brand started as a leader in blouse fabrics, well known for its 2×2 Rubia. This commitment to innovation and quality was furthered by his son, Brijendra Kagzi, who expanded the company’s footprint across India and international markets like the UK, EU, Middle East & Latin America. Shrijee Lifestyle Group has become a recognized force in shirting, women’s wear, and kids’ wear, and it is known for its value-added and digitally printed fabrics.

Brijendra Kagzi, Chairman & Managing Director of Shrijee Lifestyle Group continues to steer the Group towards new heights, backed by a New Dynamic Team led by his elder son, Abhay Kagzi, and supported by his younger son, Krishang Kagzi. This new generation is energizing the company by leveraging Shrijee’s core strengths and loyal customer base, while harnessing modern tools like AI (Artificial Intelligence) and analytics to drive growth.

Shrijee Lifestyle Group achieved a turnover of Rs.400 crore in 2023-24, which is expected to reach Rs. 500 crores in 2024-25. The Gen Z leadership has charted a roadmap to achieve Rs.1200 crore turnover for the Group by 2030, focusing on expanding the product portfolio while continuing to grow the reach of the company’s established brands across India and abroad. These brands include ‘Shrijee’ – Blouse & fancy ladies wear fabrics, ‘Avant Moda’ – High-end digital printed and piece-dyed shirting and suiting for men & women, ‘Cranberry’ – Creative shirting and kurta fabrics, ‘Gizanni’ – Pure Giza yarn-dyed and piece-dyed fabrics and ‘Linen Villa’ – Pure linen and innovative Lyocell linen blends.

“Shrijee Lifestyle Group is synonymous with quality, consistency, and reliability,” stated Abhay Kagzi. “We see this as the perfect time to scale up and establish Shrijee as a global leader in the fabric industry, particularly for large garment houses and leading fashion brands. AI will be a crucial driver of our accelerated growth, helping us position Shrijee as a dominant force in a sector poised for double-digit growth over the next decade.”

For further information, please contact: info@shrijeelifestyle.com

Mumbai (Maharashtra) [India], August 15: Established by Deshbandhu Kagzi in the year 1970, the SHRIJEE brand started as a leader in blouse fabrics, well known for its 2×2 Rubia. This commitment to innovation and quality was furthered by his son, Brijendra Kagzi, who expanded the company’s footprint across India and international markets like the UK, EU, Middle East & Latin America. Shrijee Lifestyle Group has become a recognized force in shirting, women’s wear, and kids’ wear, and it is known for its value-added and digitally printed fabrics.

Brijendra Kagzi, Chairman & Managing Director of Shrijee Lifestyle Group continues to steer the Group towards new heights, backed by a New Dynamic Team led by his elder son, Abhay Kagzi, and supported by his younger son, Krishang Kagzi. This new generation is energizing the company by leveraging Shrijee’s core strengths and loyal customer base, while harnessing modern tools like AI (Artificial Intelligence) and analytics to drive growth.

Shrijee Lifestyle Group achieved a turnover of Rs.400 crore in 2023-24, which is expected to reach Rs. 500 crores in 2024-25. The Gen Z leadership has charted a roadmap to achieve Rs.1200 crore turnover for the Group by 2030, focusing on expanding the product portfolio while continuing to grow the reach of the company’s established brands across India and abroad. These brands include ‘Shrijee’ – Blouse & fancy ladies wear fabrics, ‘Avant Moda’ – High-end digital printed and piece-dyed shirting and suiting for men & women, ‘Cranberry’ – Creative shirting and kurta fabrics, ‘Gizanni’ – Pure Giza yarn-dyed and piece-dyed fabrics and ‘Linen Villa’ – Pure linen and innovative Lyocell linen blends.

“Shrijee Lifestyle Group is synonymous with quality, consistency, and reliability,” stated Abhay Kagzi. “We see this as the perfect time to scale up and establish Shrijee as a global leader in the fabric industry, particularly for large garment houses and leading fashion brands. AI will be a crucial driver of our accelerated growth, helping us position Shrijee as a dominant force in a sector poised for double-digit growth over the next decade.”

For further information, please contact: info@shrijeelifestyle.com