Category business

In a recent special episode of WION, the mention of a vision paper brought to light the imperative for sustainable policies within the fashion industry. In the discussions that took place, the vision paper was identified as key to sensitizing the community about the need to integrate sustainability into governance, industry practices etc.

Moreover, the conversation emphasized the significance of allocating resources towards important initiatives such as green funding. The absence or limited availability of such allocations pointed to the importance of policymakers deepening their understanding of sustainable practices and crafting policies accordingly. By revealing the existence of a vision paper during the India Fashion Awards, the episode sparked broader discussions on the challenges, opportunities, and necessary actions to advance sustainability in fashion, emphasizing the pivotal role of policy frameworks in driving this transformative agenda.

Mumbai,24th February 2024 Aether Mindtech, a futuristic health-tech company, has unveiled Evolv28, India’s first non-invasive wearable device targeted to improve the state of mindfulness by better sleep, lowering stress, thus balancing work and life as per user convenience – everyday wellness your way.

This first-of-its-kind device is designed to help users from life-affirming habits around mindful presence, concentrate better, and uplift mood. Brainwave training it unlocks peak emotional, cognitive, and social well-being, thus preventing the development chronic state that requires medication or supplements. With just a simple touch of your fingertip, Evolv28 enhances your well-being, offering 45 hours of operation with a single charge. As a testament to its quality and impact, the product has been certified by FCC (USA), CE (Europe), WPC (India), and ISED (Canada).

P V Shyam Sunder, Director and the Director of Concept and Technology at Evolv28 said, “Mental health concerns have assumed mammoth proportions in the current times. While the industry is busy churning out digital health trackers, our focus remains on innovation that solves real problems, not just tracking them. Evolv28 is the result of our endeavour to address this core issue. The device is certified and safe to use, and extremely effective as it focuses on stimulating the brain stem to induce a state of mindfulness. This is an industry first towards collective vision of a healthier and happier nation.”

The science-backed product, launched after four years of extensive R&D, helps gently nudge the nervous system non invasively, into harmonic ‘flow’ states, by transmitting Variable Complex-weak Magnetic Fields(VCMF) around the neck to the brain stem. This results in lower stress, The idea is to leverage technology to restore user well-being. As a preventive healthcare tech, Evolv28 takes a 100% non-invasive approach and is safe, lightweight and easy to use.

Technology Behind

Long Term usage of Variable Complex-weak Magnetic Fields (VCMF) induces self-regulation by guiding key zones in the brain and nervous system associated with calmness, focus, mood, mind-body sync, and restful awareness. This helps users destress, concentrate, sleep better, and rebuild in-person social connections displaced by the digital space, thereby bolstering holistic health.

Designed for all-day use, the lightweight Evolv28 syncs to a mobile app, providing intuitive programs that encourage the development of mindful tech habits. First in the industry with a long battery up to 60 hours. The company plans to make Evolv28 accessible across age groups and demographics as an indispensable tool for holistic wellness in the modern digitally-driven age.

Pricing and Availability-

The evolv28 comes in three packages – Basic, Pro, Premium.

Basic (1 user) with 1 program starts at Rs. 19,999.

Pro (2 users) with 4 programs starts at Rs. 24,999.

Premium (4 users) with 8 programs starts at Rs. 33,499.

The device is available for pre-order on the company’s website.

Hyderabad, 24th February 2024: Novotel Hyderabad Airport (NHA) located at GMR Aerocity, Hyderabad is delighted to announce the appointment of Awadesh Kumar Jha as the new Director of Food and Beverage (F&B). With a distinguished career in the hospitality sector, he brings a wealth of experience and expertise to his new role.

He began his remarkable professional journey in 2007 as a Liquor Promoter and Beverage Consultant at Tulleeho Portal PLC, New Delhi. Throughout his career, he has held key positions at some of the most prestigious hotels in India, including Vivanta Taj Blue Diamond Pune, Accor – ibis Pune, Novotel Guwahati and Pune, Radisson Blu Nagpur, and IHG Hotels & Resorts- Holiday Inn Mumbai.

As a graduate of IHM, Mumbai with a Bachelor’s degree in Hotel Management, he has continually demonstrated his dedication and excellence in the field of hospitality sector. He has also completed the India Executive Leadership Program at Accor Hotels, for enhancing his leadership skills and industry knowledge.

“We are thrilled to welcome Mr. Awadesh Kumar Jha to the Novotel Hyderabad Airport, said Mr. Sukhbir Singh, General Manager of Novotel Hyderabad Airport.”His extensive experience and proven track record in delivering exceptional dining experiences make him the perfect fit for our team. We are confident that under his leadership, our F&B department will reach new heights of success.”

Novotel Hyderabad Airport eagerly anticipates Awadesh Kumar Jha’s visionary leadership and profound expertise, expecting him to play a pivotal role in propelling the hotel’s food and beverage department towards new horizons of culinary innovation, guest satisfaction, and operational excellence.

Bengaluru, India –24th February 2024– Samsung, India’s largest consumer electronics brand, today announced the launch of Galaxy Fit3, its newest fitness tracker that democratizes Samsung’s advanced health-monitoring technology, inspiring everyone to feel their best and adopt a healthier lifestyle. The Galaxy Fit3 is Samsung’s latest wearable device and boasts an aluminum body with a wider display, allowing users to keep track of their health and wellness data — from daily workouts to peaceful sleep — straight from their wrists, around the clock.

“In this new era of wellness, users desire a more comprehensive understanding of their health and Samsung has committed to providing users with advanced health monitoring tools to help them along their wellness journey,” said Aditya Babbar, Senior Director, MX Business, Samsung India. “As our newest fitness tracker, the Galaxy Fit3 underscores our commitment to providing accessible resources that encourage everyday wellness and inspire everyone to work on their best self.”

A Durable and Compact Tracker with a Larger, More Stylish Display

The Galaxy Fit3 is designed with an aluminum body and a 1.6-inch display, 45% wider than the previous model, making it easier for users to check detailed insights at a glance. Galaxy Fit3 is also lightweight and sleek with a comfortable fit, making it ideal for everyday use around the clock. Users can incorporate the Galaxy Fit3 into their lifestyles with ease thanks to its long battery life that can last up to 13 days. They can personalize their tracker and make it more stylish by selecting their favourite watch face from over 100 presets or setting their own photos as the background. Users can also effortlessly mix and match bands to complement their fashion and daily routines with a one-click button.

Keep a Pulse on Your Health Metrics Day and Night

Samsung has always prioritized sleep for better wellness, empowering users to understand their patterns and build healthier habits with advanced sleep monitoring tools. This commitment is reflected in the Galaxy Fit3. Users can comfortably wear their Galaxy Fit3 throughout the night while it tracks their sleep patterns, even detecting snoring and monitoring blood oxygen levels to provide more detailed measurements. Based on individual sleep patterns, the Galaxy Fit3 provides users with personalized Sleep Coaching with meaningful insights that help them more intuitively understand their sleep, leading them to make positive changes.

During the day, the Galaxy Fit3 allows users to keep an eye on their daily activities. Users can track over 100 types of workouts anytime, anywhere and review their exercise records easily, encouraging them to stay motivated to achieve their goals. The Galaxy Fit3 features a 5ATM rating and IP68-rated water and dust resistance, meaning users can enjoy outdoor activities in a variety of environments, as well. The Galaxy Fit3 gives users an even deeper understanding of their overall health, by delivering health metrics that include heart rate and stress levels.

Stay Safe and Connected in the Galaxy Ecosystem

To provide users with a safety net, safety features including Fall Detection and Emergency SOS have been newly added to the Galaxy Fit3. When an abnormal fall is detected, the Galaxy Fit3 gives users the option to call emergency services right away to get medical support in a timely manner. When users are in an emergency, they can send an SOS immediately by pressing the side button five times.

Galaxy Fit3 users can also access an array of capabilities within the connected Samsung Galaxy ecosystem, for an enhanced wearable experience. Users can utilize the Galaxy Fit3 as a controller right on their wrist, not only as a remote control for their smartphone camera when taking photos and setting timers with Camera Remote, but also to play and control media on their connected device. For a seamless experience, when users don’t want to be disturbed or get ready for bed, they can automatically sync modes between their Galaxy Fit3 and paired smartphone. If a smartphone is misplaced, users can easily locate it with the Find My Phone feature on the Galaxy Fit3, or vice versa.

Price and Availability

The Galaxy Fit3 will be available starting February 23 on Samsung.com as well as other on leading online and offline retail stores.

Bengaluru,24th February 2024: Salesforce, the global CRM leader, today announced a strategic collaboration with Sai Silks (Kalamandir) Ltd, an ethnic fashion brand, to craft a seamless and personalized journey for its customers. The collaboration aims to revolutionize customer experiences, drive business growth, and solidify Kalamandir’s position as a pioneer in the retail industry.

Sai Silks (Kalamandir) Ltd is leveraging the Salesforce Customer Data Platform (CDP) and Salesforce Marketing Cloud to elevate customer engagement and experience. This strategic move aligns with Kalamandir’s goal to leverage cutting-edge technology for data-driven decision-making, segmentation, and enhancing the overall customer journey. Sai Silks (Kalamandir) Ltd aims to empower its teams and key stakeholders with Data Cloud to deliver an exceptional experience to customers, fostering long-term success and business outcomes. The company envisions leveraging Salesforce’s capabilities to efficiently segment data across various parameters, assess deltas at each operational and sales facet, and meet the diverse expectations of its stakeholders. Kalamandir’s technology vision encompasses omnichannel integration, supply chain optimization, e-commerce and mobile solutions, data analytics, personalization, and the exploration of AI and ML benefits.

“Customer-centricity is at the core of our business approach. We are committed to creating a tech-driven retail ecosystem, providing personalized services, and Salesforce’s powerful solutions will play a pivotal role in achieving this goal,” said Mr. Prasad Chalavadi, Founder & Managing Director, Sai Silks (Kalamandir) Ltd. “With this collaboration, we hope to enhance customer experience, streamline operations, and stay at the forefront of industry innovation.”

“We are thrilled to collaborate with Sai Silks (Kalamandir) Ltd and support their vision for transforming the retail industry. Salesforce is dedicated to providing the tools and solutions needed to enhance customer experiences, optimize operations, and contribute to the long-term success of our partners,” said, Arun Parameswaran, Managing Director – Sales, Salesforce India, “We look forward to a successful partnership with Kalamandir as they continue to innovate and lead in the retail space.”

Bengaluru, 24th February 2024 Salesforce, the global CRM leader, today announced a strategic collaboration with Sai Silks (Kalamandir) Ltd, an ethnic fashion brand, to craft a seamless and personalized journey for its customers. The collaboration aims to revolutionize customer experiences, drive business growth, and solidify Kalamandir’s position as a pioneer in the retail industry.

Sai Silks (Kalamandir) Ltd is leveraging Salesforce Customer Data Platform (CDP) and Salesforce Marketing Cloud to elevate customer engagement and experience. This strategic move aligns with Kalamandir’s goal to leverage cutting-edge technology for data-driven decision-making, segmentation, and enhancing the overall customer journey. Sai Silks (Kalamandir) Ltd aims to empower its teams and key stakeholders with Data Cloud to deliver an exceptional experience to customers, fostering long-term success and business outcomes. The company envisions leveraging Salesforce’s capabilities to efficiently segment data across various parameters, assess deltas at each operational and sales facet, and meet the diverse expectations of its stakeholders. Kalamandir’s technology vision encompasses omnichannel integration, supply chain optimization, e-commerce and mobile solutions, data analytics, personalization, and the exploration of AI and ML benefits.

“Customer-centricity is at the core of our business approach. We are committed to creating a tech-driven retail ecosystem, providing personalized services, and Salesforce’s powerful solutions will play a pivotal role in achieving this goal,” said Mr. Prasad Chalavadi, Founder & Managing Director, Sai Silks (Kalamandir) Ltd. “With this collaboration, we hope to enhance customer experience, streamline operations, and stay at the forefront of industry innovation.”

“We are thrilled to collaborate with Sai Silks (Kalamandir) Ltd and support their vision for transforming the retail industry. Salesforce is dedicated to providing the tools and solutions needed to enhance customer experiences, optimize operations, and contribute to the long-term success of our partners,” said, Arun Parameswaran, Managing Director – Sales, Salesforce India, “We look forward to a successful partnership with Kalamandir as they continue to innovate and lead in the retail space.”

February 23rd, 2024: The second edition of YES BANK and CNBC-TV18’s – The Growth Summit: A vision to a $10 Trillion Economy, in association with Max Life Insurance, was held in Ahmedabad, Gujarat. The event convened policymakers, industry leaders, startup founders, innovators, and academic experts to deliberate on crucial factors essential for India’s economic progress. Central to the Summit’s discussions was the government’s ambitious 25-year plan aimed at positioning India as the world’s third-largest economy with a GDP of $10 trillion.

In his opening remarks at the Summit, Mr. Prashant Kumar, Managing Director & CEO, YES BANK said, “Gujarat emerges as the cornerstone of India’s economic ascent, contributing a staggering 33% to the nation’s exports in FY 2022-23. With ambitions to reach a $1 trillion economy by 2030, Gujarat’s leadership extends beyond traditional sectors, fostering a thriving ecosystem for innovation and infrastructure development. As the world’s largest diamond hub in Surat and the birthplace of India’s first operational greenfield Smart City, Gujarat positions itself as the beacon of opportunity. The state is poised to absorb the influx of businesses seeking alternatives to China, catalysing India’s journey towards economic supremacy.”

During his address, Mr. Kumar announced the launch of ‘Yes Private’ in Ahmedabad, which is the Bank’s newest market offering that aims to partner HNI Business owners and C-Suite executives in their endeavour to leverage the opportunities on the road towards a $10 trillion Indian economy.

He added, “Yes Private has been thoughtfully curated to complement the retail and wholesale banking offerings in the market. It integrates the Bank’s expertise across the spectrum and brings a full-stack product suite for HNIs across Family Banking, Business Banking, Wealth Management and Succession Planning needs. The programme also lays out extraordinary privileges and experiences for clients pertaining to their distinct lifestyles in India and abroad.”

The event kicked off with a thought-provoking discussion on ‘Strengthening Indian Business from Within’ in conversation with Mr. Piruz Khambatta, Chairman & MD, Rasna, he stated “India’s growth narrative must encompass more than just development; it must address the challenges faced by its youth, including migration due to inadequate resources like clean water and air. India’s trajectory of growth, akin to that of South Korea, Germany, Japan, and China, is undeniable, yet we must define our unique growth model. As we navigate through discussions, let’s advocate for an inclusive ‘India model’ of growth that acknowledges both its benefits and challenges, fostering sustainable progress for generations to come.”

Subsequently, panel discussion on the topic ‘From India to the World: Unleashing A New Era of Global Ambitions’ with Ashish Soparkar (MD, Meghmani Organics), Dr Vishal Rajgarhia (Director, Finecure Pharmaceuticals Limited) Rajiv Gandhi (MD & CEO, Hester Biosciences) Chirag Pan (MD & CEO, Pan Healthcare) and Behram Mehta (Founder & MD, Aava Natural Mineral water) captivated the audience at the summit.

The event progressed with an engaging conversation on ‘India’s Role as A Global Hub of Growth’ featuring Mr. Jayen Mehta, MD, AMUL (GCMMF), where he said, “Agriculture is the base of our economy. However, in terms of numbers, still agriculture contribution is less than 20%. Hence, we need to support agriculture and farmers, while also working on doubling their income which is also the professor policy of the government. These efforts will help in supporting the number of people associated with agriculture which is more than 60-70% of the population. The country still depends on agriculture as part of its primary income. So this is where a combination of policies which are pro farmer, pro-development and pro market is the way forward for our country. So if you can build a bridge and if only 20% of us convert our regular food into organic food, the GDP from agriculture will rise. These are very, very small and objective steps one has to take and organisations like ours are working towards the same using the cooperative model and building the country.”

In a special address, Mr. Prashant Tripathy, MD & CEO– Max Life Insurance added, “As India makes significant strides towards its ambitious goal of becoming a 10 trillion-dollar economy by 2030-31, there’s a growing need for India Inc. to partner with the government and democratize the benefits of this growth. It’s imperative that we ensure the advantages of our economic progress reach every segment of the society. There’s a strong call for players in the life insurance industry to align their strategies with IRDAI’s vision of ‘Insurance for All by 2047’- which calls for inclusive insurance coverage for India at large. Further, innovation and customisation must guide our product offerings to cater to the diverse and distinct needs of modern consumers, while distribution channels need to evolve to deliver convenience at every touchpoint, be it digital or otherwise. As we move forward, cross-functional collaboration supported by collective action will serve as the cornerstone for fostering inclusive growth, contributing to the shared prosperity of our nation.”

The evening continued with an engaging panel discussion ‘Scaling the Global Value Chain’, with insights from industry experts Mr. Vineet Mittal (Director, Navitas Green Solutions) Dr. Viranchi Shah (National President, IDMA and Director, Saga Laboratories) Ms. Aditi Gupta (Managing Partner, Menstrupedia) Mr. Sandeep Mittal (MD, Corrtech Energy Ltd) and Mr. Ravi Bhamidipaty (MD, TCT Ventures). They shared valuable insights on navigating global markets, contributing to an enriching discussion for the audience.

Taking the evening towards its end a thought-provoking session conducted by Kumaar Bagrodia, leading Neuroscientist & Founder, NeuroLeap on ‘The Neuroscience of Investing’ was held.

Concluding the summit was the final enticing conversation between Shruti Mishra, Anchor, CNBC-TV18, and Mohammed Shami, Indian Cricketer. Talking about his journey, Shami said, “If your hard work and luck are in your favour, then I don’t think anybody can stop you. You just have to stay loyal to your game and keep working hard. I believe nobody can take away my luck from me. My family has been incredibly supportive and has played an integral role in my journey.”

The Ahmedabad edition of ‘The Growth Summit – Vision for a $10 trillion Economy’ underscored India’s trajectory towards economic prosperity, as industry leaders and experts converged to chart a path towards a $10 trillion economy. With diverse voices and ideas from different industries of Gujarat, the summit left an indelible mark on the audience and shared a unique vision for India’s journey towards achieving its ambitious economic goals. The upcoming Summits are to be held in Bangalore, Delhi and Hyderabad in the weeks to come.

Subject: Regulations 30, 42 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”) and outcome of the meeting of the Board of Directors of The South Indian Bank Limited (the “Bank”) held on February 21, 2024

 This is further to the meeting of the Board of Directors of the Bank (the “Board”) held on December 27, 2023 , approving the offer and issuance of fully paid-up equity shares of the Bank (the “Rights Equity Shares”) for an amount not exceeding ₹1,750 crore , by way of a rights issue (“Rights Issue”), in accordance with the Companies Act, 2013 and the rules made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, other applicable laws and our prior intimation dated February 15, 2024.

Pursuant to the above referred, we wish to inform you that the Board of Directors at their meeting held today, i.e. on February 21, 2024, has inter alia considered and approved the following terms of the Rights Issue:

1. Total number of Rights Equity Shares and Rights Issue size: 5,231,85,254 Rights Equity Shares each on fully–paid up basis for an amount aggregating upto ₹1,151.01 crores (assuming full subscription with respect to Rights Equity Shares).
2. Rights Issue Price: ₹ 22 per Rights Equity Share fully paid-up (including a premium of ₹ 21 per Rights Equity Share) on application.

3. Record date: Tuesday, February 27,2024
4. Rights Issue period:

5. 1. Rights Issue Opening Date: Wednesday, March 6, 2024; and
   2. Rights Issue Closing Date: Wednesday, March 20, 2024.

2. 1. prior to the Rights Issue: 209,27,41,018 equity shares of theBank;
   2. post Rights Issue^#: 261,59,26,272 equity shares of theBank.

^#Assuming full subscription with respect to Rights Equity Shares.

f.  Other terms of the Rights Issue (including fractional entitlements and zero entitlements): To be included in the letter of offer to be filed by the Bank with the Securities and Exchange Board of India, BSE Limited and National Stock Exchange of India Limited. g. Rights entitlement ratio: 1 Rights Equity Shares for every 4 fully paid-up equity share of the Bank held by the eligible equity shareholders of the Bank, as on the record date (“Eligible Equity Shareholders”) h. ISIN for Rights Entitlement: INE683A20015 Further, please find enclosed herewith, i) the Reformatted Consolidated Financial Statements of the Bank and its Subsidiary, as of and for the year ended March 31, 2023; ii) the Reformatted Standalone Financial Statements of the Bank as of and for the year ended March 31, 2023 (“Reformatted Financial Statements”); iii) the Unaudited Interim Condensed Consolidated Financial Statements (including cash flow) of the Bank and its Subsidiary as at and for the nine-month period ended December 31, 2023 and iv) the Unaudited Interim Condensed Standalone Financial Statements (including cash flow) of the Bank as at and for the nine-month period ended December 31, 2023 (“Condensed Financial Statements”) along with the review reports on the Reformatted Standalone and Consolidated Financial Statements and review reports on the Interim Condensed Standalone and Consolidated Financial Statements issued by the Joint Statutory Central Auditors of the Bank and approved by the Board in its meeting held today, on February 21, 2024. Additionally, the Board also approved the Letter of Offer to be filed with the Securities and Exchange Board of India, BSE Limited and National Stock Exchange of India Limited. The meeting of the Board commenced at 4:00 p.m. and concluded at 9:15 p.m. The above information is also available on the website of the Bank, i.e.www.southindianbank.com. We request you to take the aforesaid on records and to disseminate it to your members.

Thanking you,

Yours faithfully,

JIMMY MATHEW

(COMPANY SECRETARY)

Mumbai, February 23, 2024: Tata Elxsi, through its NEURON product suite, announces a strategic partnership with Accuknox, the developer of NIMBUS, a state-of-the-art cloud-native security solution. This collaboration marks a significant advancement in network transformation and security, offering operators a comprehensive solution for building and securing autonomous networks.

NEURON, an award-winning telco automation platform, comprises of a comprehensive suite of transformation products designed to assist operators in building autonomous networks. This suite includes NEURON Telco Cloud, facilitating 5G rollout, and NEURON Dark NOC, which automates 5G NOC operations. Powered by Gen AI, both solutions offer smart end-user interactions, digital twin capabilities, and AI/ML algorithms for predictive intelligence.

NIMBUS introduces a capability to identify essential network and host security policies through environment profiling. These identified policies are formulated as intents, applicable in a cloud-native fashion to any Kubernetes workload, spanning from Core to the RAN. Once implemented, these intents offer real-time inline security against potential attackers.

The integration of NEURON with NIMBUS empowers operators to deploy and secure cloud-native workloads seamlessly. NIMBUS introduces an intent-driven approach to security, allowing operators to protect their cloud-native environments with precision and efficiency.

With this integration, operators can now securely deploy cloud-native workloads and also seamlessly discover the required policies for previously deployed services. Additionally, NEURON auto-generates the necessary intent and applies it to the network, ensuring a streamlined and secure operational process. The integrated solution being agnostic to the underlying network, simplifies orchestration and enforcement of security and leveraging best of tools with a single pane of control.

Rajagopalan Rajappa, CTO, Communications at Tata Elxsi, said, “Through this collaboration with AccuKnox, we want to offer telcos a solution that simplifies the complexity of deployment while also being secure and resilient. This strategic partnership helps operators roll out secure 5G networks with inline mitigation and makes the network future-ready for 6G.” 

Rahul Jadhav, Co-founder & CTO at AccuKnox, said, “By joining forces with Tata Elxsi, we look forward to leveraging the power of our Zero Trust technology to deliver highly differentiated value to help organizations marshall the power of 5G technology while ensuring that the deployments are risk-mitigated.”

The Neuron platform integrated with AccuKnox Nimbus will be showcased at the Tata Elxsi Meeting Room 2A53MR, Hall 2 at the Mobile World Congress (MWC) 2024 in Barcelona, Spain, along with other solutions for operators across Connected Cars, Smart Factories, Connected Healthcare and Smart Infrastructure.

23, February 2024: CVC, a leading global private markets manager focused on private equity, secondaries and credit, today announces a strategic partnership with Mr. Rajan Gajaria to invest in the global chemicals and CDMO (contract development and manufacturing organizations) businesses. Additionally, Mr. Gajaria joins as an independent director on the board of Sajjan India Limited, an investee company of Sona Company Pte. Ltd, an affiliate of CVC.

Mr. Gajaria’s wealth of experience in agriculture, stellar reputation and extensive industry network will play a pivotal role in unlocking new opportunities in the sector. Rajan is an industry veteran having led crop protection, seed and digital business platforms across diverse roles in leading agrochemical firms including Corteva Agriscience and Dow AgroSciences. He is currently serving on the Boards of UPL Sustainable Agri Solutions Limited, Moleaer, True Essence Foods, Advanta Seeds and Gowan Group of Companies.

Mr. Amit Soni, Partner of CVC Advisers (India) Private Limited said, “We are delighted to be teaming up with Mr. Rajan Gajaria to invest in the global chemicals and CDMO businesses. Rajan brings a great depth of experience, and his invaluable insights, including a strong focus on environment, health and safety operations, will be instrumental in helping to drive success in CVC Funds’ existing and future investments in India, starting with Sajjan. His commitment and passion combined with his expertise in the global agrochemicals industry will resonate well with Sajjan’s vision to create more innovative solutions for its global customer base.”

Mr. Rajan Gajaria said, “This strategic partnership with CVC unlocks exciting possibilities for growth investments in global chemicals and CDMO businesses. Joining the board of Sajjan India provides me with an opportunity to contribute and work with a talented team and leverage our combined power. This new role marks an exciting chapter in my journey. I am committed to leveraging my experience and industry insights to steer Sajjan India to new heights and set new benchmarks in the chemical industry.”