Archives August 2024

Bengaluru, 16 August, 2024: Myntra announces its strategic collaboration with Bridal Asia, via its proposition, Myntra Luxe India, as the ‘Styling Partner’ for the media house’s Silver Jubilee showcase in Mumbai and Delhi. Further strengthening Myntra’s position in the designer-led luxury wear segment, this one-of-a-kind association will drive high visibility for the Myntra Luxe India proposition at the much-acclaimed Mumbai and Delhi chapters of the showcase. With an expected footfall of over 20,000 people, the two-day event across the two cities will witness a convergence of India’s finest luxury connoisseurs having a taste for elegance and prestige of luxury purchases.

The showcase is set to take place at the Jio World Complex, in the Bandra Kurla Complex, for Mumbai, and Hotel Ashok, Chanakyapuri, for Delhi, on the 17 & 18 August and 14 & 15 September, respectively. Bridal Asia’s events have served as a launching platform for several leading Indian brands. With a legacy spanning 25 years, Bridal Asia has consistently led the way in showcasing the most exquisite designers, jewelers, and brands in the wedding space.

This collaboration beautifully aligns with the commitment of Myntra Luxe to democratize luxury ethnic fashion in India and build offerings for the millions of aspirational yet discerning customers. With nearly 60 million monthly active users on Myntra, the collaboration with Bridal Asia is set to shape the future of bridal fashion across the country with a seamless and luxurious shopping experience.

India’s luxury fashion industry is witnessing significant growth, driven by increasing demand for high-end products among middle-income customers and high-net-worth individuals. The festive and wedding season coming on the heels of the Bridal Asia showcase is considered as a high-consumption period for designer ethnic wear. With the proliferation of e-commerce, coupled with the expanding base of designers from every corner of the country, Myntra Luxe is strongly positioned to cater to these evolving preferences, right in time.

By showcasing the stories, craftsmanship, and quality behind each piece, Myntra Luxe captivates consumers who appreciate the artistry of luxury items paired with a thoughtfully curated and personalized shopping experience. Myntra Luxe India, as the Styling Partner, will present designers’ signature, innovative and trending bridal fashion collections. Shoppers can expect cutting-edge silhouettes, dramatic drapes, asymmetrical cuts, and intricate layering. The styles will embrace both traditional opulence and modern minimalism, ensuring each piece is timeless and fashion-forward.

Speaking on the association, Sharon Paid, Myntra, said, “Our collaboration with Bridal Asia is a milestone in Myntra Luxe’s journey to redefine luxury ethnic fashion in India. Myntra Luxe which has witnessed a remarkable over 2x YoY growth in 2023, is a treasure trove of fashion opulence promising a premium and unparalleled shopping experience, uniquely designed for the luxury buyers of Myntra. We take pride in offering access to the rich tapestry of Indian culture, showcased through the exceptional craftsmanship of Indian designers, attracting a growing base of affluent customers.”

Speaking about Myntra Lux India as their official Styling Partners, Dhruv Gurwara, Bridal Asia’s CEO agrees: “Bridal Asia’s Silver Jubilee edition is set to unveil a collection of exquisite, trend-defining designs from Myntra Luxe India to our elite clientele. This association blends the convenience of digital innovation with the prestige of luxury bridal wear, ensuring an ultra-premium and engaging shopping journey.”

Myntra and Bridal Asia will promote the collaboration through engaging social media campaigns, influencer partnerships, and personalized CRM notifications, ensuring a comprehensive and impactful launch. To enhance customer engagement, Myntra Luxe India and Bridal Asia have planned several interactive activities, including personalized styling sessions and events creating an immersive experience and offering access to the latest bridal and festive offerings.

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New Delhi, 16th August 2024: Angel One Ltd, a leading player in the fintech sector, is pleased to announce the joining of Manmohan Singh as Group Chief Risk Officer. Angel One considers risk management essential to proactively identify and address potential threats and vulnerabilities that could impact the organization. In this role, Manmohan will be instrumental in shaping and implementing the company’s risk management strategy. His appointment accentuates Angel One’s dedication to enhancing its risk management framework and insulating its operations from emerging risks and challenges.

With over 25 years of experience in risk management, Manmohan will oversee risk management across all operations of the group companies. He will establish resilient protocols to protect the company’s interests and drive strategic growth. Furthermore, he will ensure that risk management strategies are seamlessly integrated into business processes, enhancing overall operational efficiency and safeguarding long-term success.

Mr. Dinesh Thakkar, Chairman & Managing Director, Angel One Ltd., commented, “We are thrilled to welcome Manmohan to our team. His vast expertise and proven track record in risk management will be pivotal as we strengthen our framework and drive strategic growth in today’s dynamic financial landscape. Angel One is dedicated to prioritizing clients and regulatory interest at the helm, and we are confident that Manmohan’s onboarding will bolster our efforts in this direction.”

Mr. Manmohan Singh, Group Chief Risk Officer, Angel One Ltd, said, “I am honored to join India’s leading fintech player and look forward to contributing to the company’s growth and success. My focus will be on fortifying the risk management framework and ensuring that we are well-positioned to navigate the emerging complexities of the financial sector to take Angel One to newer heights.”

Before joining Angel One, Manmohan served as Head of Enterprise Risk Management (ERM), Operational Risk Management (ORM) and Credit and Market Risk at Aditya Birla Capital Group where he was responsible for leading the ‘Centre of Excellence’ for overseeing such risks across all businesses, including lending, insurance, broking and mutual funds. He has been pivotal in enhancing risk management practices and driving strategic initiatives for the Group.

Manmohan also held the position of Chief Risk Officer at Fincare Small Finance Bank Ltd and Head – Enterprise Risk at IDFC FIRST Bank Ltd. He also led the Credit Administration Department for Wholesale Banking at Yes Bank Ltd.

Manmohan is a Chartered Accountant (CA), Financial Risk Manager (FRM) and holds a Diploma in Information System Audit (DISA).

16 August 2024: Nishka Choraria, 29, serves as the Vice President of Marketing at Crest Ventures, a prominent non-banking finance company (NBFC) with significant operations in real estate and financial services and investments. In her pivotal role, Nishka has been instrumental in shaping the company’s brand presence through her new and innovative marketing strategies and consumer-centric engagement initiatives. Her dynamic approach has not only elevated the Crest brand but also strengthened its market position.

Nishka’s leadership extends beyond marketing; she has been a driving force in the company’s corporate social responsibility (CSR) efforts. Her commitment to creating meaningful change is evident in the numerous impactful projects she has spearheaded, demonstrating that age is no barrier to making a substantial difference. Nishka’s blend of resilience and empathy has been crucial in fostering a culture of social responsibility within the organization, underscoring her belief that real change is achieved through persistent effort and a compassionate outlook.

In the realm of real estate, Nishka has significantly contributed to the success of numerous high-profile projects, including Phoenix Marketcity and Palladium in Chennai, One Crest, and Crest Greens in Raipur. Her industry knowledge and commitment to understanding specific markets have been critical in driving these projects to success. Nishka’s marketing strategies also highlight the environmental benefits of Crest Ventures’ developments, such as energy-efficient technologies and green building certifications, while also emphasizing the enhanced quality of life and long-term cost savings for residents.

One particularly noteworthy achievement is the recent launch of Crest Oaks, a landmark development in Marol that has set a new precedent for lush and luxurious living. Nishka has demonstrated that effective multi-faceted marketing goes beyond promoting properties; it involves creating and communicating a vision of a better lifestyle. Crest Oaks has not only met its sales targets but also attracted a discerning clientele that values community, wellness, and an upgraded quality of life, highlighting her belief in not just selling homes but creating communities where residents can flourish and thrive.

Nishka’s impact extends far beyond her professional achievements. Her commitment to social responsibility shines through her leadership in Empowering Villages Everywhere (EVE), an NGO she founded at the young age of 15. EVE’s mission is to uplift rural communities by providing essential resources and opportunities for growth. Under Nishka’s guidance, EVE has distributed over 500,000 solar lamps, study materials, and conducted numerous health camps, profoundly improving the lives of countless individuals.

Additionally, Nishka’s involvement with the Mumbai Center of Bhagwan Mahaveer Viklang Sahayata Samiti (BMVSS) underscores her dedication to social impact. BMVSS, India’s largest institution for fitting artificial limbs, has benefitted from her efforts to distribute prosthetic limbs across remote locations in India through the Mumbai Center. Nishka’s work has enabled thousands of disabled individuals to regain their independence and self-worth, significantly enhancing their quality of life.

Nishka seamlessly integrates real estate innovation with social impact, driving transformative change both within Crest Ventures and in the broader community. Her dual focus on advancing sustainable real estate solutions and implementing impactful CSR initiatives underscores her commitment to creating lasting, positive change across all facets of the business.

Reflecting on her journey, Nishka shares, “I am just trying to do my best. Our mission is to leverage effective storytelling to drive transformative change in both the real estate sector and our social impact initiatives. By crafting and communicating compelling narratives, I hope to reach a broader audience while deeply resonating with them, inspiring collective action and fostering a lasting, positive impact on society.”

Dr Sumit Goyal, Director & Head of Department, Neurosurgery, Yatharth Hospital, Greater Noida

Stroke is one of the leading causes of death and disability worldwide. In India, a stroke occurs every 40 seconds, and a stroke-related death happens every four minutes. Significant advances in stroke management have extended the critical treatment window to up to 24 hours. This breakthrough has significantly improved stroke care and offers new hope to patients who would otherwise be outside the traditional treatment timeframe.

Understanding Stroke
A stroke occurs when the blood supply to a part of the brain is interrupted or reduced, preventing brain tissue from getting oxygen and nutrients. There are two main types: ischemic stroke, caused by a blockage in an artery, and haemorrhagic stroke, caused by bleeding in the brain. Rapid treatment is crucial to minimize brain damage and improve outcomes.

Traditional Treatment Window
Historically, the window for treating ischemic stroke with intravenous thrombolysis has been limited to within 4.5 hours of symptom onset. Mechanical thrombectomy, a procedure to physically remove the clot, was initially recommended within six hours. These narrow windows often meant that many patients, particularly those who had strokes during sleep or were unable to get to a hospital quickly, missed out on these life-saving treatments.

Advances in Neurointervention
Recent advances in neurointerventional techniques have dramatically extended the treatment window for ischemic stroke to up to 24 hours. These techniques include advanced imaging technologies that can identify salvageable brain tissue, allowing doctors to make more informed decisions about who can benefit from late treatment.
Advanced imaging technologies, such as perfusion CT and MRI scans, help identify the “penumbra” – brain tissue that is at risk but still salvageable. This enables doctors to extend the window for mechanical thrombectomy safely. Mechanical thrombectomy, a minimally invasive procedure, involves threading a catheter through an artery to the site of the blockage in the brain, where a stent retriever is used to remove the clot.

Recent studies have shown that thrombectomy can be effective up to 24 hours after stroke onset in select patients. Perfusion imaging assesses blood flow in the brain and identifies areas with reduced but not yet irreversible damage, helping in selecting patients who would benefit from late intervention.

Challenges and Considerations
Despite the promising advancements, several challenges remain. Access to advanced imaging and neurointerventional facilities is still limited in many parts of India. Additionally, there is a need for increased awareness and education among the public and healthcare providers about the signs of stroke and the importance of timely treatment.

The extension of the treatment window for stroke to 24 hours marks a significant leap forward in stroke care, emphasizing the importance of ongoing research and innovation in medical science. This advancement translates to improved outcomes and reduced disability for patients, offering a better quality of life post-stroke. As neurointerventional techniques continue to evolve, the ability to treat patients up to 24 hours after stroke onset is a game-changer, promising a brighter future for stroke survivors.

16th August 2024:  Amid frequent extreme weather events and unfolding humanitarian crises, the need for responsive relief missions increases manifold. Though relief and rescue efforts across the world are mostly handled by organisations like The International Rescue Committee (IRC), national rescue centres, armed forces, Coast Guard services, the Air Force and maritime agencies, the commercial aviation sector can also play an important role. Helicopter services can successfully airlift people and supply aid while airports often serve as key hubs for rescuers as well as the management of relief supplies, cargo deliveries, and refugee inflow and outflow.

On World Humanitarian Day (August 19), as the world remembers courageous humanitarians, Jaideep Mirchandani, owner of Sky One Airways underscores the invaluable service provided by the aviation sector during disaster relief operations. There have been numerous incidents where aviators have lost their lives while engaged in relief efforts.

“The role of aviation is crucial in emergency relief scenarios, serving as a primary means of providing rapid and dependable access to humanitarian aid. It also helps in swiftly delivering assistance, especially when existing infrastructure is damaged or conflict zones impede access to affected areas,” says Jaideep Mirchandani.

The choppers services provided by Sky One in India have participated in various rescue operations as well, including facilitating firefighting efforts, delivering medical and food supplies to war-affected areas and evacuating distressed communities.

“Disaster relief operations often face challenges such as limited airfield availability, dilapidated or damaged infrastructure and adverse weather conditions. However, technological advancements, including thermal imaging cameras and drones are helping disaster response teams to overcome some of these hurdles,” adds Mr Mirchandani.

He says that the key responsibility of the airlines at the time of disaster relief situations is careful planning and organising available resources wisely. “This involves developing a detailed logistical plan to effectively utilise available aircraft and helicopters. Prioritising essential supplies such as food, water, shelter materials and medical kits, according to the immediate requirements of disaster-affected people, is also vital,” he adds.

Mr Mirchandani believes that the effectiveness of relief measures largely depends on smooth coordination between governments, international agencies like the Office for the Coordination of Humanitarian Affairs (OCHA), aviation authorities, security forces and rescue operators. “An effective disaster response and relief management team is an integral part of strong aviation management practices. In an increasingly uncertain world, the importance of aviation in humanitarian assistance is expected to grow,” he concludes.

16th August 2024 : The SSLV represents a new class of launch vehicles tailored to meet the increasing demand for deploying small satellites into orbit. It offers a more cost-effective solution and can be quickly assembled and launched, unlike larger vehicles like the PSLV (Polar Satellite Launch Vehicle). Ananth Technologies congratulates ISRO on the successful SSLV launch, placing the EOS-8 satellite into orbit.

Ananth Technologies Pvt. Ltd, Hyderabad (ATL) a leading innovator in the field of aerospace, is proud to announce its long term partnership with ISRO in for all their space programs including EOS-8 and SSLV-D3. This mission is a part of ISRO’s efforts to enhance its capabilities in small satellite launches and expand its portfolio in commercial satellite launch services. ATL is proud to announce that EOS-8 marks the milestone of being the 100th satellite to which ATL has contributed. ATL has contributed to 100 satellites and 80 launch vehicles so far for Indian space programs.

Dr. Subba Rao Pavuluri CMD of ATL, Conveyed his excitement regarding SSLV-D3 and EOS-8, saying, “Ananth Technologies extends its heartfelt congratulations to ISRO for the successful launch of SSLV and the EOS-8 satellite. This achievement further strengthens India’s leadership in space exploration and satellite technology. We are proud to support ISRO’s mission and look forward to continuing our collaboration in future endeavours.”

EOS-8 is an Earth Observation Satellite designed to provide data for various applications such as agriculture, forestry, water resources, and disaster management. It is part of a series of Earth Observation Satellites developed by ISRO to provide high-resolution imagery and other data.

Ananth Technologies, with its extensive experience in satellite systems design, development, and integration, played a pivotal role for the EOS-8 satellite. ATL has supplied Power converter modules of Inertial Reference Unit, which gives the navigation data of the satellite.

On the other hand, ATL supplied the Navigation, Guidance, and Control System (NGC), pyro system, power switching module for NGC, and Telemetry, Tracking, and Control Packages (TTCP) for the SSLV-D3 launch vehicle.

In addition to the subsystem manufacturing, ATL undertook the sub-assembly integration of Base Shroud, C1 & C2 sub-assemblies, SS3 EB interface & motor wiring for SSLV-D3

The company is a committed partner with ISRO, specializing in innovation, precision engineering, and manufacturing, with a strong emphasis on reliability for space applications.

ATL is headquartered in Hyderabad, with dedicated facilities in Thiruvananthapuram for the fabrication, assembly, testing, and supply of advanced electronic packages, computer systems, and various sub-systems for launch vehicles, as well as integration of launch vehicles. In Bengaluru, ATL has established extensive facilities for satellite manufacturing.

16th August 2024: The IT hiring landscape is undergoing a seismic shift, driven by the increasing demand for tech talent and the complexities of finding the right fit in a hyper-competitive market. According to a report by Numbers Orb, the global IT job market is expected to grow by 11% annually, with over 300,000 new jobs added each year in the U.S. alone. Yet, while opportunities abound, the traditional hiring process has struggled to keep pace, often leading to prolonged hiring cycles, talent shortages, and mismatches in skills and expectations. Startups are stepping into this gap, offering innovative solutions to streamline and enhance every stage of the hiring journey.

These startups are leveraging cutting-edge technologies like artificial intelligence, machine learning, and data analytics to transform how companies source, screen, and select candidates. A recent study by Tech Pulse highlights that 70% of recruiters now prioritize data-driven insights to improve hiring outcomes, with 65% reporting that AI-powered tools have reduced time-to-hire by up to 50%. This paradigm shift is not just about speeding up the process; it’s about making it more accurate and efficient, ensuring that the right candidates are matched with the right roles from the outset. Moreover, the economic impact of inefficient hiring practices cannot be overstated. Research by Talent Dynamics reveals that each day a position remains unfilled costs a company an average of $500, translating to billions in lost productivity across industries. As organizations seek to minimize these costs and improve their talent acquisition strategies, startups are offering solutions that not only accelerate the hiring process but also enhance the overall candidate experience. These five startups are at the forefront of this revolution, each bringing unique innovations to the IT hiring process from application to offer.

We have narrowed down the list of 4 HR tech startup that clout the technology to revolutionize HR industry globally in 2024:

iXceed Solutions: iXceed Solutions is a leading Talent and Workforce Solutions service provider to Fortune 500 companies globally focussing on Technology, IT Consulting, Engineering Consulting domains. iXceed has been functioning as one of the leading end-to-end recruitment solutions Internationally(UK), now operational in the Indian market.

It uses an efficient and robust process to develop solutions in the recruitment space. The facilities are primarily tech-skill-based, and customer satisfaction is always based on the best fit for the industry. The company uses Artificial Intelligence-based recruitment solutions to create a best-in-class experience for both the clients and candidates. Some of their clients are- Infosys, HCL, Oracle, Mindtree, NIIT, etc. It is co-founded by Yogita Tulsian, who is also its Director.

Darwinbox: Darwinbox is a cloud-based HR solutions firm. An end-to-end HR platform, Darwinbox offers solutions for recruitment, core HR processes, employee engagement, performance management, employee movement, and others.The platform’s AI engine allows a recruiter to analyze a job description and employee profile picking up keywords to arrive at a certain ranking metric. So, if there are 400 applicants for a job, the system will shortlist about 10-15 applicants for the recruiter to talk to, which saves time, increases productivity, reduces costs, and results in better talent acquisition. The three-year-old firm serves over 100 clients, including Paytm, Ekart, Spencer’s, Delhivery, and others.They provide services in Indonesia, Malaysia, Thailand, Dubai, and many more.’

Freshworks: Freshworks makes it fast and easy for businesses to delight their customers and employees.Taking by a fresh approach to building and delivering software-as-a-service that’s affordable, quick to implement, and designed for the end-user. Unlike legacy software, Freshworks builds tech that works for everyone, making it easy for IT, customer service, sales, marketers and HR to do their job and delight their customers.They provide services in Australia, Germany and UK.

Keka: Founded in 2015 by Vijay Yalamanchilli, Keka has swiftly become India’s premier HR tech platform for small to medium-sized enterprises. With a team that has grown to over 550 professionals, Keka offers a complete solution, automating HR processes, and streamlining payroll, recruitment, leave management, and performance evaluation. Serving over 6500 customers globally, across sectors like IT services, pharmaceuticals, manufacturing, and more, Keka manages payroll for 1.5 million employees worldwide, leaving a significant mark on the HR tech landscape.

Mumbai, August 16, 2024: Kangaroo Kids, India’s leading Premium International Preschool brand, marked Independence Day with a vibrant nationwide celebration. Central to this year’s celebrations was The “Freedom March: A Parade of Little Patriots” that engaged young learners and their families in a unique blend of fun, learning, and patriotic fervor. The initiative, rooted in Kangaroo Kids’ acclaimed iCan Learning System, went beyond traditional celebrations, focusing on instilling the values of freedom, unity, and patriotism from a young age.

“At Kangaroo Kids, we believe in nurturing the leaders of tomorrow,” said KVS Seshasai, CEO, Pre-K Division, Lighthouse Learning (Kangaroo Kids). “Celebrating Independence Day with our toddlers isn’t just about festivities; it’s about fostering the skills and habits that will shape their future. It’s our mission to prepare students to succeed in an unprecedented world, and these events are a crucial step in that journey”

The “Freedom March” saw children proudly marching with placards displaying empowering messages like “I Can Create My Own Future” and “I Can Collaborate & Make a Difference.” The event was a practical demonstration of the iCan Curriculum’s focus on developing personal awareness and the continuous pursuit of learning. The parade route, adorned with festive decorations, featured children proudly waving the Indian flag and culminated in a celebratory finale filled with patriotic songs and shared moments of joy.

Beyond the jubilant parade, Kangaroo Kids’ centers across the country organized engaging activities that helped children understand the essence of freedom. The celebrations instilled a sense of national pride while fostering key future skills such as collaboration, communication, and critical thinking.

Parents and educators alike lauded the initiative for its innovative approach to early childhood education. By intertwining national pride with skill development, Kangaroo Kids has set a new benchmark for preschool Independence Day celebrations.

August 16, 2024: Masai School, a platform that builds a bridge connecting skills with opportunities, has succeeded in accomplishing the dreams of more than 5000 students across India. Working as an outcome-driven career institute, it has trained more than 100 batches and scaled up over the years with 6,000 current enrollments. Completing five years this month, the organisation has ensured to fulfil its sole goal of unlocking the human potential of India by making the education system outcome-driven.

Chirag Jain grew up in Udaipur, he excels in mathematics thanks to the continuous support of his father, who is a government teacher. Despite his talents, financial struggles made it impossible for him to attend top coaching institutes like IIT. Yet, he remained determined to build a brighter future for himself. Chirag’s journey took an unexpected turn when he pursued mechanical engineering during the rise of the computer era. Corporate roles at Tech Mahindra left him unfulfilled, and he found solace in teaching IIT JEE aspirants. His creative side grew on social media, where he created the character “Zolooo” and amassed 2 million TikTok followers. However, when TikTok was banned in India, Chirag faced a crisis, both professionally and personally.

Searching for a fresh start, Chirag found clarity at Masai School. Here, he mastered HTML, CSS, and JavaScript, transforming his skills and confidence. After rigorous training, he transitioned into a JAVA Developer role at Assertion Cloud, and eventually returned to Masai as a content creation specialist. Masai’s holistic approach didn’t just refine his technical skills—it reshaped his life, giving him the structure and direction he had been seeking. Chirag said “Masai School was my turning point. It gave me the clarity, structure, and skills I needed to transform my life. From feeling lost after the ban of Tiktok to becoming a confident developer, Masai School reshaped my journey.”

Akash Kumawat’s story begins in Jaipur, Rajasthan, where financial hardships withheld his early dreams of pursuing software development. He Holds a BA degree, Akash was preparing for government exams and while browsing through the internet was when he came across Masai School online. The stories of other students who had transformed their lives through Masai sparked a hope in him that he hadn’t felt in years.

Despite his initial doubts, Akash enrolled in Masai’s part-time course while finishing his college degree. The journey was challenging but eye-opening, as weekly evaluations gave him clarity about his strengths and weaknesses. He thrived during Construct Week, applying his newly acquired skills to real-world problems. Masai’s focused revision module ensured he was well-prepared for the job placement process, which led to a smooth interview experience and a successful placement at Tracxn.

Reflecting on his journey, Akash urges others to “just jump in.” His experience at Masai not only rekindled his passion for coding but also transformed his life, proving that with the right guidance, upskilling is possible. He said “Masai reignited my passion for coding when I thought all hope was lost. The journey was intense, but it was worth every moment. If you’re willing to commit, Masa School can truly change your life.”

Rahul Tulasyan, a national-level basketball player and violinist, grew up in Bhilwara, Rajasthan with roots in Bihar. The son of a successful entrepreneur, Rahul initially pursued Computer Science at VIT, Pune, with dreams of joining NIT. However, after graduating, he chose to support his family’s textile business, putting his tech aspirations on hold.

Years later, Rahul made a pact with his father to return to his tech dreams. But his outdated college knowledge made it difficult to find a job in the field. It was during this time that he discovered Masai School in 2019 through a news article on Masai School’s funding. The innovative Income Share Agreement (ISA) model and the promise of practical learning reignited his passion.

Joining Masai’s part-time course allowed Rahul to balance his responsibilities while honing his technical and soft skills. He worked on regular assignments and a significant project for OLX, developing the backend. Applied theoretical knowledge practically, solving DSA with Spring Boot and deploying projects on AWS. Regular interactions with industry experts provided personal insights and mentorship. This determination paid off when he secured a position as a Junior SDE at PagarBook. For Rahul, Masai was more than just a school—it was a second chance to pursue his dreams, proving that it’s never too late to start over. Rahul said “Masai gave me a second chance to pursue my tech dreams. The practical learning and constant mentor support made all the difference. It’s never too late to start over, and Masai School proved that to me.”

While speaking about Masai School, Prateek Shukla, CEO and Co-founder of Masai School, said, “We aim to offer a platform to sharpen the skills and to unlock the potential of the students with assured outcomes delivered. We are dedicated to introducing new schemes and expanding the teams by collaborating with established firms, thereby expanding the opportunities for the students. We envision ourselves progressively transforming the education ecosystem.”

Along with joining hands with major firms in the industry, Masai School has developed collaborations with three IIT firms, i,e., IIT Guwahati, IIT Mandi, and IIT Ropar and the National Skill Development Corporation (NSDC), breaking barriers and pushing the limits of what’s possible.

Mumbai, August 16, 2024: The Board of Directors at Remsons Industries Ltd , an automotive OEM components manufacturer supplying to two, three and four- wheeler vehicles, commercial vehicles and off-highway vehicles all over India and automotive OEM’s globally, today approved the financial results for the quarter and financial year ended June 30, 2024.

Key Business Updates

1. Remsons bagged fourth order from Tata Motors for the supply of winches used for Spare Wheel for its new model Tata Nexon CNG. total size of the order stands at INR30cr which is to be executed over a period of three years.

2. Remsons Industries Ltd received “Gold Medal” by Ecovadis in Sustainability Assessment. This accolade recognizes Remsons Industries Ltd. as one of the top 5% of all evaluated companies globally, reaffirming its commitment to environmental, social, and governance (ESG) excellence.

3. Remsons-Uni, a Subsidiary of Remsons bags LOI worth INR 30cr for the supply of sensors to a leading Tier 1 supplier of the Auto Industry to be executed over a period of 3 years.

4. Remsons acquired 55% stake in newly incorporated Joint Venture “Remsons-Uni Autonics Private Ltd” from its present promoters to become a subsidiary of Remsons.

5. Remsons Shares Stock Split was done make shares more accessible to a broader range of investors by making the shares more affordable. (Subdivision of equity shares of Rs 10/- Each to Rs 2/- Each). Record Date 5th July 2024.

6. Remsons was Ranked 30th by Great Place to Work, for being among India’s great Mid-Size Workplaces.

Commenting on the Results, Mr. Krishna Kejriwal, Managing Director said, “I am pleased to announce that Remsons Industries has commenced FY25 with a strong performance. Remsons 1QFY25 growth was in line with expectations our revenue grew 5% YoY, reaching Rs 765Mn. EBITDA for the quarter stood at INR 65Mn while achieving margin of 8.5% in 1QFY25. In the current quarter Net profit increased significantly 36% YoY to INR 27Mn, solidifying our strong financial performance. We are very much on track to achieve target of INR 9,000 – INR 10,000mn by FY28. Our outstanding achievement is attributed to strategic initiatives like higher value products, operational efficiency improvements, and robust export realizations. Looking ahead, we’re confident in our future-ready position thanks to the revolutionary changes brought about by digital transformation and our solid intent to move up the value chain.

Our positive outlook is fuelled by the belief that our growth trajectory will see significant enhancement through strategic partnerships, including synergistic joint ventures, acquisitions, and collaborations. As always, we remain dedicated to shareholder value creation with unwavering passion and commitment. In the coming quarter and beyond, we’ll focus on strengthening our business model by climbing the value chain, ensuring continued success.”