Category business

Mumbai, 7th February 2024: LXME, India’s 1st financial platform for women, continues to redefine financial independence with its latest collaboration. To enhance the financial prowess of women across the country, LXME proudly announces its partnership with Reliance Smart Bazaar, introducing an exclusive discount program for users of the LXME Dream Card.

The LXME Dream Card, a smart prepaid card, is designed with a focus on fostering responsible spending and effective budgeting for women.

The highlight of this collaboration is the cashback offer, allowing LXME Dream Card users to enjoy big savings when shopping at any Reliance Smart Bazaar. This exciting discount adds a layer of financial benefit to the comprehensive suite of features offered by the LXME platform.

“We are delighted to partner with Reliance Retail to bring an exclusive savings opportunity to our LXME Dream Card users. At LXME, our mission is to empower women to learn, discuss, plan, invest, earn and spend money wisely. This collaboration is a testament to our commitment to wise financial decisions for our users,” says Priti Rathi Gupta, founder of LXME.

Reliance Retail with its wide footprint across the country and serving millions of shoppers makes for the perfect partner to collaborate with on this exciting campaign. LXME encourages its users to leverage this exciting collaboration to make their purchases more rewarding and financially savvy. The partnership with Reliance Retail aligns with LXME’s vision of creating a holistic financial ecosystem that empowers women at every step.

Delhi-NCR, 7th February 2024, Ace the renowned real estate developer in India is making the headlines again with the unveiling of ‘ACE YXP,’ a transformative commercial lifestyle destination poised to redefine luxury and convenience on the Yamuna Expressway. This premier venue, officially launched on 31st January 2024, stands as a testament to the Group’s commitment to innovation and excellence in the real estate sector.

A spectacular event was orchestrated at the Expo Mart in Greater Noida on 31st January 2024, marking the grand unveiling. The event, anchored by the charismatic Karishma Kotak, was further elevated by the presence of celebrities such as Chunky Pandey and Nushrratt Bharucha, adding a touch of glamour to the occasion. There were various live performances at the stupendous event in Greater Noida including the sand art performance by the famous sand artist Nitish Bharti. The event concluded with a dazzling performance by Aastha Gill, which left the audience in awe and beautifully wrapped up a night that celebrated the luxury and innovation of Destination Maximum – ACE YXP.

Distinguishing itself with a comprehensive array of amenities, ACE YXP’ offers an unrivaled experience with its eclectic mix of high-end open-air restaurants, premium retail boutiques, engaging entertainment zones, an exclusive multiplex, versatile banquet hall and diverse food court options. All these elements are thoughtfully designed to forge an unparalleled lifestyle hub.

The project’s design is a beautiful tribute to the elegance of the Art Deco style, incorporating artistic installations, lush greenery, and intricate floral arrangements, all accentuated by tastefully designed bridges. ACE YXP also introduces a leisure hub offering a wide array of entertainment options for every age group.

Its strategic location offers unmatched accessibility to major landmarks and upcoming infrastructural developments including the Noida International Airport at Jewar, Noida- Gr. Noioda Expressway the DND Flyway, Buddh International Circuit, The new Olympic City, and the new Film City. The Yamuna Expressway region is on a fast track to becoming a major technological hub, already hosting a thriving community of IT and manufacturing firms amidst a flurry of significant investments and expansions.

On the occasion of the launch, Mr. Ajay Chaudhary, Chairman and Managing Director of Ace Group, stated,”With the launch of YXP,’ we aim to set a new standard for luxury and commercial viability. This project is a manifestation of our vision to harmoniously blend lifestyle amenities with commercial opportunities, catering to the dynamic needs of modern businesses and residents. Significantly it’s our first project on the progressive location i.e. Yamuna Expressway with more to follow soon”

The shopping experience at ‘ACE YXP’ spans over 16,000+ sq.mts. of elegantly designed commercial spaces. It offers 500 units across four floors. The project is thoughtfully designed to be open-air and includes exclusive double-height showrooms, modern retail stores, and upscale restaurants, alongside a vast food court and rooftop dining venues. The gaming zone is a futuristic playground, offering activities like Zero Gravity, Laser Tag, AR Scavenger Hunts, Interactive Wall Climbing, Mini Golf with Augmented Reality, Escape Rooms, VR Gaming Centre, and a Bowling Alley.

Ace Group continues to redefine the commercial real estate landscape with innovative commercial projects like this along with ACE153, Ace Capitol, and Ace Medley Avenue, Ace Studio, each marking animposing presence in commercial real estate and showcasing the Group’s legacy of pioneering excellence.

New Delhi,7th February 2024 Mark your calendars, health enthusiasts and changemakers! The highly anticipated Asia’s largest congregation of health writers and influencers is back with its 8th edition – the National Health Writers & Influencers Convention (NHWIC-2024). Scheduled for February 21st to 22nd at the prestigious AIIMS, New Delhi, this groundbreaking event promises to be a game-changer, equipping attendees with cutting-edge knowledge, fostering vital connections, and recognizing emerging healthcare heroes.

Highlighting the significance of NHWIC-2024 and the NextGen awards, Dr. Swadeep Srivastava, Founder & Chairman of HEAL Health Writers & Editors Network, expresses, “As we anticipate the 8th NHWIC, our commitment to empowering health writers and journalists stands strong. Since 2005, this convention has been a beacon of knowledge, uniting over 1000 health writers and influencers. The introduction of NextGen Healthcare Changemakers Awards 2024 mirrors our dedication to celebrating those shaping the future of healthcare in India.”
Dr Srivastava further adds, “The 8th NHWIC aims to equip attendees with comprehensive knowledge and engagement through specialized sessions. We also honour the emerging NextGen Healthcare Changemakers and Media Awards to inspire individuals contributing to the upliftment of the healthcare landscape in India.”
‘Empowering Health Narratives, Championing Changemakers’: This year’s theme highlights the convention’s mission. Over 100 distinguished voices from the health writing and influencing landscape, representing key media platforms, are expected to convene, shaping the future of healthcare communication. The highlight of this year’s convention will be the presentation of the ‘NextGen Healthcare Changemakers & Media Awards 2024’, recognizing and honouring healthcare trailblazers under the age of 45 for their remarkable contributions to the healthcare landscape in India.

Dr. Vinay Aggarwal, Director of Crosslay Remedies Ltd., Past President-CMAAO, and Past National President, IMA, commends HEAL’s efforts in promoting responsible health journalism, “HEAL’s conventions provide valuable insights and encourage responsible health reporting, crucial in combating misinformation. The health writers and editors training programmes in the form of conventions organized by the HEAL Foundation are wonderful. It gives fresh insights to the journalists about healthcare awareness and the latest developments in the healthcare landscape. The NHWIC serves as a platform to connect top-class domain experts with healthcare journalists and writers.”

Beyond Recognition, Building Knowledge: The convention itself boasts a robust agenda. Renowned experts will lead interactive sessions on crucial topics, fostering meaningful exchange and insightful discussions.

Dr. Subhash Giri, Director of Lady Hardinge Medical College, New Delhi, highlights the significance of spreading preventive health information across all age groups. He states, “Recognizing NHWIC-2024’s pivotal role in training journalists to convey accurate health information is commendable. The HEAL Convention has been consistently undertaking this valuable exercise for over fifteen years. Health awareness is fundamental for prevention, and NHWIC equips journalists to disseminate precise information, fostering informed choices and addressing healthcare disparities. Emphasizing affordable healthcare, technology becomes vital in extending medical facilities to remote areas. The HEAL convention has played a remarkable role in shaping a healthier India.”
Shankar Raj, President of HEAL Foundation, affirmed, “The 8th HEAL Health Writers Convention is a significant milestone, addressing and deliberating on health issues pertinent to India. This convention empowers journalists covering the health beat and online health writers with the latest information in critical areas. Focusing on factual reporting, HEAL provides knowledge and connects journalists with experts for responsible health narratives. In the midst of an emerging infodemic, accurate healthcare reporting is crucial, and HEAL serves as a vital platform connecting healthcare journalists with domain experts.”

8th Edition of NHWIC-2024: Key Highlights

• · Largest Gathering: NHWIC-2024, 8th edition, at AIIMS, New Delhi, Feb 21-22, unites health enthusiasts and changemakers.
• · NextGen Awards: Recognizing under-45 leaders, the convention presents ‘NextGen Healthcare Changemakers & Media Awards 2024.’
• · The convention focuses on empowering health narratives and championing healthcare changemakers.
• · Over 100 voices from health writing and influencing platforms shape the future of healthcare communication.
• · The 8th NHWIC-2024, convention promises interactive sessions led by experts, fostering meaningful exchange and insightful discussions.

The HEAL convention’s focus on promoting accurate health reporting has been instrumental in combating the emerging infodemic, especially in an era where social media can dangerously influence people through false news on medicine, cures, treatment options, and self-treatment. NHWIC-2024 continues HEAL’s mission to connect top-class domain experts with acclaimed and aspiring healthcare journalists and writers, emphasizing the crucial role of accuracy in healthcare reporting.

Whether you’re a seasoned healthcare writer or an aspiring changemaker, NHWIC-2024 is your opportunity to connect, learn, and be inspired. Stay tuned for updates and witness the celebration of healthcare journalism and its future champions!

Bangalore, India – 7th February 2024: BitSave, the leading crypto investment platform has announced the appointment of Ashwinder Raj Singh, CEO at Bhartiya Urban, as Chief Advisor. The advisory board led by Ashwinder is bolstered by his extensive experience in wealth management and real estate. As the author of A to Z real estate, and holding previous executive positions Ashwinder comes with adeptness at merging conventional business strategies with innovative tactics. This aligns with BitSave’s philosophy of democratizing crypto investing, most safely and securely possible.

As the Co-chairman of the Confederation of Indian Industry (CII) Real Estate Committee, Ashwinder holds strong expertise in managing high-value clients. With previous experience from Citibank, Deutsche Bank & ICICI Bank, he has served across leadership roles in traditional finance and wealth management companies.

“At BitSave, we prioritize delivering a premium and secure product for digital asset management. In our journey to retain and grow as a trusted platform; Mr. Singh’s guidance will empower us to navigate and penetrate the crypto wealth management industry,” said Zakhil Suresh, CEO at BitSave.

Since its launch in late 2022, BitSave has been growing organically managing over a hundred lakhs INR ($125,000) in AUM, the firm manages crypto portfolios transparently and securely. As the first retail crypto index fund tracking the Bloomberg Galaxy Crypto Index, BitSave stands to comply and grow as a regulated platform in various jurisdictions across India and globally. The published on-chain Proof-of-Reserves and Liabilities tracking on BitSave gives complete visibility of users’ fund’s balance sheet – democratizing crypto fund management.

“BitSave’s innovative approach to crypto investing aligns with my vision for strategic business initiatives. Founder Zakhil Suresh’s forward-thinking approach and the company’s commitment to revolutionizing the crypto landscape were compelling reasons for me to be part of this transformative journey,” said Ashwinder Raj Singh, Chief Advisor at BitSave.

Bangalore, 7th February 2024: upGrad, one of Asia’s largest integrated learning skilling and workforce development majors announced the launch of opening 100 offline Connect and Counselling touch-points & Learning Centres in India to augment its online growth. The first two such counselling centres have already been inaugurated in Mumbai and Delhi and the first two learning centres in Indore & Pune. Initial reactions have been strong as in the first 30 days have clocked 500+ career counselling. The goal is for the 100 centres to counsel over half a million on their career moves & the Learning Centres to see enrollments of over 10,000 learners.

The company sets aside an initial corpus of INR 100Cr to penetrate further across non-metros and smaller towns and accelerate operations in the next 12 months. This initiative augments upGrad’s existing offline presence with over 50 Franchises and 150 channel partners.

“India is very uniquely placed to dominate the global talent markets and therefore, in the current FY, we are integrating our offerings carefully to empower every age group with the right career guidance and high-quality learning suite and training encompassing both, long and short format courses. We’ve identified the high-demand geographic pockets that will allow talents beyond metros to experience the sincere handholding they need in their lifelong learning journey. Our centres are designed to enhance and ensure every learner who walks in, either existing or potential resonates with the brand DNA and mission to further support them in fast-tracking their decision-making process. In the competitive era we operate in, timely upskilling will act as a collaborative nation-building force aligning India’s supremacy onto the global stage,” added Mayank Kumar, Co-founder & MD, upGrad while talking about the expansion plans.

The Centres will serve as hubs for career counselling for those looking to upskill & reskill and will have access to all of upGrad’s courses and programs in one place.

Mumbai, 7th February 2024: Scripting history as the first Indian International jewelry brand to begin operations in Australia, Malabar Gold & Diamonds, the 6th largest jewelry retailer globally, has launched their new showroom in Australia at Sydney. The showroom marks Malabar Gold & Diamonds’ expansion into the 13th country of operations. Currently, the brand has an extensive retail presence of over 340 showrooms spread across India, UAE, Qatar, Kuwait, Oman, KSA, Bahrain, Singapore, Malaysia, the USA, the UK, Canada & Australia.

The new showroom was inaugurated by renowned Australian Cricketer Brett Lee in the presence of Mr. Shamlal Ahamed, MD – International Operations, Malabar Gold & Diamonds, Mr. Asher O, MD-India Operations, Malabar Gold & Diamonds,Mr. Ajith M, Regional Head – Far East & Australasia, Malabar Gold & Diamonds; Mr. Ameer CMC, Head of Finance & Admin, Malabar Gold & Diamonds; Mr. Faisal A.K, Head of Manufacturing, Malabar Gold & Diamonds; Mr. Shaji Kakkodi, Chief Digital Officer, Malabar Group; representatives from the Sydney government, other senior management team members from Malabar Gold & Diamonds, customers & well-wishers.

Commenting on the occasion, Malabar Group Chairman, M.P Ahammed said: “This is a proud moment for us as the first Indian International jewellery retailer to begin operations in Australia. We have been a strong proponent of ‘Make in India; Market to the World’, showcasing the artistry of Indian jewellery on a global stage and expanding into Australia is another testimony of our commitment to this initiative. This is also a great success story leveraging the strong trade relationship and recent bi-lateral free trade agreement between Australia & India. Our growth plan in Australia will lead to significant investments into Jobs & local Economy in Australia over the next few years. On behalf of Malabar Group, I would like to thank all our customers, management team members, shareholders, and other stakeholders for their invaluable contribution towards helping us craft this historic moment and move one step closer towards our goal of being crowned as the world’s no.1 jewellery retailer.”

Located at 109 Wigram Street in Harris Park within the Little India Precinct, Malabar Gold & Diamonds’ new outlet will be the largest jewelry showroom in Sydney. With an extensive collection of jewelry in 18K, 22K gold, and diamonds, the showroom will showcase over 30,000 designs across bridal wear, daily wear & and occasional wear. Malabar Gold & Diamonds has also facilitated a customized jewelry design facility at their showroom, enabling jewelry enthusiasts in the region to bring to life their jewelry design assisted by expert designers & craftsmen from the brand.

“We are extremely excited to begin our operations in Australia. Being our 13th country of operations, our venture into Australia will mark a significant shift in the country’s jewellery landscape. With a large diaspora of immigrants from the Indian Sub-continent, the jewellery sector in Australia remains a largely untapped one. Marking a significant shift in the country’s jewellery landscape, we aim to leverage our experience of over 30 years to bring forth an exceptional array of gold, diamond & precious gem jewellery. With our time-tested commitment towards providing customers with an exceptional & transparent jewellery shopping experience, I am sure that we will be able to replicate our global acceptance in Australia as well”, commented Mr. Shamlal Ahamed, MD-International Operations, Malabar Gold & Diamonds.

Ethical & responsible sourcing has been a key tenant of Malabar Gold & Diamonds’ entire operations. With the exclusive usage of 100% traceable raw materials in their jewelry, the brand ensures strict compliance with international standards for transparent gold & diamond sourcing set by globally recognized organizations such as LBMA (London Bullion Market Association) and World Gold Council. The principles of sustainability and responsibility are incorporated into its core business through practices such as zero tolerance on compliance to the rule of law, Anti-money Laundering (AML) & Combating the Financing of Terrorism (CFT), usage of FSC (Forest Stewardship Council) wood for packaging, LEED Gold certified offices and outlets.

“In addition to adding another country to our global operational map, our expansion into Australia further solidifies Malabar Gold & Diamonds’ stature as a truly global enterprise with an expansive outreach across boundaries. With 100% transparent business practice being a hallmark of our entire operations and our stringent commitment to ensuring ethical & responsible sourcing at all levels of our supply chain, we aspire to be a model organization in the global jewellery sector that safeguards the auspicious nature of jewellery”, commented Mr. Abdul Salam K.P, Vice-Chairman of Malabar Group.

In pursuit of promoting India’s renowned indigenous craftsmanship on a global scale, Malabar Gold & Diamonds has embarked on an ambitious expansion plan, which involves strengthening their retail presence in existing regions with more showroom launches, as well as charting their expansion into new countries such as South Africa, Egypt, Bangladesh, Turkey and New Zealand.

Mr. Asher O, MD-India Operations, Malabar Gold & Diamonds said: “Malabar Gold & Diamonds is making remarkable progress in both the international and Indian jewelry sectors, gaining substantial momentum. The brand’s strategic global expansion into new countries and within Indian states such as Rajasthan, Puducherry, Uttarakhand, Jharkhand, Goa, Assam, Tripura, and Jammu & Kashmir is poised to elevate it to the coveted No. 1 position”.

ESG (Environmental, Social & Governance) initiative has been the primary commitment of Malabar Group since its inception in 1993, with 5% of net profits set aside towards such initiatives in each country of operations. The key focus is in the areas of Health, Hunger Free World, Housing, Education, Women Empowerment & Environment. The ESG goals of the organization are periodically strengthened to remain a socially conscious and responsible organization.

New Delhi, 07th February 2024: OTO, India’s leading digital commerce and lending platform for two-wheelers, has recently raised funding of $10 million. This round was led by GMO Venture Partners and saw participation from Turbostart, Indian cricketer KL Rahul, and a few other family offices. Existing investors Prime Venture Partners, Matrix Partners, and 9Unicorns funds also participated in the round.

Co-founded by serial entrepreneurs Sumit Chhazed and Harsh, OTO is reshaping the purchasing, financing, and resale journey for the 20 million annual two-wheeler buyers in India. Responding to evolving consumer demands, OTO introduced its Super EMI plan, reducing two-wheeler EMIs by up to 30% while granting customers the flexibility to upgrade or retain their vehicles at the end of the term. Complemented by digital financing, OTO’s app offers free home trials and the lowest price guarantee, streamlining the discovery and purchasing process tenfold.

Amidst the COVID-19 pandemic, OTO has experienced remarkable growth by providing digital convenience and a spectrum of affordable, flexible financing options to motorcycle enthusiasts. The allocated funds will strategically expand OTO’s presence to over 30 cities, support the transition to electric vehicles, and fortify existing partnerships.

Sumit Chhazed, Co-founder and CEO of OTO, expressing his excitement about this new phase in OTO’s growth, said, “This funding marks a pivotal moment for us at OTO. Our focus has always been on making two-wheeler ownership convenient, affordable, and accessible. We’re leading the charge in the two-wheeler EV sector with our digital-first strategy, and this investment will further fuel our initiatives in that direction.”

The lead investor, Ryu Muramatsu from GMO Venture Partners shared his perspective on the investment. “It’s a pleasure to collaborate with Sumit and Harsh at OTO. Their innovative approach to offering accessible purchase options and affordable financing in India—one of the largest markets for EV 2-wheelers—is remarkable. We are confident that by utilizing AI/LLM in their services, OTO has the ability to redefine the global two-wheeler industry, thereby creating significant value for both customers and investors,” the investor remarked.

OTO has made remarkable strides in the industry, selling over 75,000 two-wheelers and disbursing loans exceeding ₹550 crore to date. The company’s impressive management of non-performing assets has made it a preferred partner for several banks and NBFCs, which have committed over INR 800 crores for the upcoming 12 months. Furthermore, OTO has forged successful partnerships with major two-wheeler brands like Ola, Hero Motocorp, Royal Enfield, Ather, and Suzuki through their dealership networks.

7th February 2024: Right from its launch, ZEE Biskope has taken the Bhojpuri entertainment market on the rise. The brand has demonstrated its strength in sharply deep-diving into consumer insights. With a never-seen-before launch in the category, the channel has served the Bhojpuri entertainment industry with novel and category-first initiatives at all fronts – be it curated movie festivals based on topicality, new World TV Premieres, non-fiction chat shows & comedy shows or viewer engagement drives on the marketing front that were received with humungous response from its first to its present. In short, the channel has been the thought leader in showcasing how an otherwise commoditized Bhojiwood can be professionally served with curated and hyperlocal content. Taking this spirit ahead, the channel embarked on a new journey on the content front where it is producing original movies under the banner of “ZEE Biskope Originals”. Given Bhojpuri moves are largely created for single theatre male audience base in metros and mini metros, it leaves a large throng of family viewership devoid of homely entertainment and novelty in their own beloved category. ZBO is a curated attempt to satiate this deep-seated need to see cultural stories with the novelty of genre and format in one’s own beloved language and thus a wholesome entertainment to be savored by each unit of family in equal enthusiasm. The inaugural original production Preet Ka Saaya launched last year received huge success as it marked 166% slot viewership growth (Wk’20, 2023 basis prev 4 wks) and the third highest slot TSV in the quarter (Q1 FY24).

Taking this rewarding journey ahead, ZEE Biskope is all set to launch its second ZBO – Vishkanya on 17 February at 7 pm in Jila Top band. Starring Preeti Shukla, Ritesh Updhyay & Sanyojita Ray, the movie promises to captivate audiences with its enthralling storyline, vibrant characters, stellar performances and unparalleled family entertainment. The storyline revolves around Vishkanya Devika (Preeti) who enters in the union of marriage with the son of her father’s friend Ratan (Ritesh). Unaware of Devika’s reality, Ratan falls in love with her. Devika on the contrary restrained herself from getting any close with him as that would kill him. It is this difference between the newly wed that weaves a tale that is entangled with of high family drama between Vishkanya, her husband and her in-laws. The story takes a jaw-dropping turn when a third person enters their house trying to break their union and harm Ratan. Why did Vishkanya get married to Ratan? What are the consequences of this marriage? Are Vishkanya’s motifs hidden in her past? Who is the third person who tries to harm their union? Will Vishkanya save her husband or eventually kill him? The compelling narrative with rich cultural elements, and stellar performances unfolds with the premiere of ZBO Vishkanya.

The brand will be taking the movie experience a notch further with an immersive viewer engagement drive – Main Bhi Vishkanya. Viewers are invited to dress up like Vishkanya and make a video expressing their Vishkanya avatar either dancing or singing or acting and send the video to ZEE Biskope’s WhatsApp number. The 3 most creative entries will win the contest. 10 most creative entries (including the 3 winners) will be featured on ZEE Biskope on 17 Feb between 7 – 10 pm during Vishkanya movie telecast.

Talking about this new offering Samrat Ghosh, Chief Cluster Officer, East, ZEEL said, “Since its launch, ZEE Biskope has constructively contributed towards maturing the category further. ZEE Biskope Originals is yet another step. It is not only helping to grow the category but along with that, also helping to further strengthen the film creative ecosystem in the Bhojpuri space. It is an avenue to find and showcase new pool of talents including new set of actors, directors, writers, technicians among others. The captivating stories like Vishkanya are specially designed catering to the entertainment requirement of Bhojpuri film consuming audience on TV. ZEE Biskope Originals has also opened doors for relevant brand integrations for our advertising partners who look for deeper engagements and purposeful associations for their brands.”

On the commencement of ZEE Biskope Originals, Amarpreet Singh Saini, Chief Channel Officer, Bhojpuri Cluster, ZEEL, said, “At ZEE Biskope, we are committed to create new landmarks in the Bhojpuri category through innovation and novelty. The success of the first ZBO serves as a testament to the deep appreciation our viewers hold for the captivating content we curated. Staying true to our core brand philosophy of ‘rejoicing Bhojpuriyat to its unabashed best’, the second ZEE Biskope Original movie will super serve the growing preference for family-based programming. The story weaves in regional believes and cultural folklores around supernatural phenomenon, which is bound to connect and enthral the female and family audience to the core. However, this is just the beginning of an enriching journey. We will soon go on floor with the third.”

Join us to be a part of unleashing a magical cinematic experience that is set to captivate audiences and redefine the standards of excellence in Bhojpuri entertainment. ZEE Biskope is motivated to grow from strength to strength and break new ground in the industry as the ultimate Bhojpuri entertainer.

Touted as the go-to destination for Bhojpuri movies, ZEE Biskope offers a slew of robust content spread across an array of genres highly popular amongst Bhojpuri audiences such as romance, drama, action and comedy. The channel is available on Airtel (channel no 663), Tata Sky (channel no 1120), DEN Bihar(channel no 840), DEN Jharkhand (channel no 839), DD Free Dish (channel no 31), d2h (channel no 2073), Dish TV (channel no 1555), Siti Cable (channel no 214) and Darsh Digital (channel no 189). It’ll soon be available on all other major cable platforms.

Consolidated P&L Statement

Management Commentary:

Commenting on the performance of Q3 FY24, Mr. Trimaan Chandock,

Executive Director of BFIL stated: 

“We are happy to share our financial and business performance for Q3 FY24, we witnessed healthy revenue growth of 55.7% and revenue from operations stood at ₹1,470.75 Mn in Q3 FY24 compared to ₹893.92 Mn in Q3 FY23. This growth was led by our constant focus on client addition and continued demand for our products in the existing and new industries like railways, defense and heavy commercial vehicles. EBITDA grew by 72.1% and margins improved from 19.58% in Q3 FY23 to 22.24% in Q3 FY24 owing to increase in scale of operations and increased demand for heavier products which tend to yield better margins. PAT margins improved from 12.81% in Q3 FY23 to 17.31% in Q3 FY24.

In terms of 9M performance, revenue from operations increased by 96.5% and stood at ₹3,986.85 Mn in 9M FY24 compared to ₹2,028.58 Mn in 9M FY23. EBITDA increased by 191.1% from ₹291.08 Mn in 9M FY23 to ₹847.36 Mn in 9M FY24, and margins improved to 21.25% from 14.35%. PAT increased by 176.2% and stood at ₹653.95 Mn in 9M FY24 compared to ₹236.74 Mn in 9M FY23, margins improved from 11.67% to 16.40% during the same period.

BFIL’s dedication to prioritizing customers and fostering growth has not only bolstered our market position but has also led to the cultivation of strong relationships with clients, positioning us as partner of choice for supplying critical components. A testimony of our client centricity is evident in our recent additions of 3 new OEM clients.

Further, the development of our newly acquired Mercedes Benz unit is also progressing well on expected timelines and the full fledged operations are expected to commence from Q4 FY24. This unit will enable us to produce heavier and more complex components having better realizations and margins. Currently the same is partly operational and is aiding us in achieving good revenue growth along with superior margins.

On the industry front, we are seeing immense opportunity in various sectors like defense, railway, sustainable green energy components, and commercial vehicles. To seize these opportunities, we are leveraging our strong inhouse R&D capabilities to expand our product offerings and the testimony to same is depicted by our broad product range. Furthermore, we are spearheading investments to transform into a more integrated company. These investments will enable to us to acquire new clients, expand our presence in untapped regions and enhance our product portfolio.

In summary, our readiness for the future is characterized by a comprehensive strategy that harmoniously blends different facets. This encompasses ongoing expansion of our capacities to meet anticipated demand, alongside the implementation of new technologies to improve operational efficiency and cost-effectiveness. Furthermore, our dedication to pioneering innovation and careful cost management assures us to increase our prominence in the competitive landscape, paving the way for sustained revenue growth and enhanced profitability.

Management Guidance:

•  Revenue is expected to conservatively grow in the range of 40.0%-45.0% in FY24 over FY23, led by new customer addition in sectors like railway and defence.
•  EBITDA margins are expected to be in the corridor of 23.0%-24.0% in the upcoming quarter on the back of increasing scale of operations and efficiencies thereon

aunch of another elegant smartwatch, NoiseFit Grace. Designed to meet the discerning tastes of modern women, the NoiseFit Grace blends beautiful aesthetics with advanced functionality. It sports a cut dial design and sleeker size with metallic build and link strap, that exudes a fashion quotient, making the smartwatch look all classier from dusk to dawn. A perfect accessory for every look,  the NoiseFit Grace is available in three elegant colour options – Metal Silver, Rose Gold, and Jet Black,  The product can be availed from  Flipkart, and the brand’s website,  gonoise.com.

Women can immerse themself in the aesthetics of the smartwatch supported further with a 1.1-inch AMOLED Always on Display and 600 nits brightness for clear viewing experience at all times. With a resolution of 360*360 pixels, every detail comes alive on your wrist. The NoiseFit Grace is an example of timeless elegance that positions itself well according to the use case value for women. Women can enjoy an organized and productive experience throughout the day with an AI voice assistant, Bluetooth Calling and an in-built calendar. The smartwatch enables quick access to dial pad and recent call logs with storage for  up to 10 contacts for quick calling.

The latest smartwatch offers a diverse range of features for both productivity and health monitoring. With the Noise Health Suite™ women can effectively monitor essential health metrics such as heart rate, SpO2, sleep patterns, and stress levels, among others. On the other hand, the integrated Productivity Suite keeps daily reminders and weather forecasts easily accessible. The IP67 water and dust resistance ensures durability in varying environments. The NoiseFit Grace provides four smartwatch menu styles besides a battery backup of up to 4 days. It further helps customers with 100+ watch faces and sports modes each alongside pairing seamlessly with the NoiseFit App for enhanced productivity.

Product Specifications

NoiseFit Grace