Bangalore: Pidilite Industries Ltd, a leading manufacturer of construction and specialty chemicals, announced the launch of its state-of-the-art manufacturing facilities under its two joint ventures, Pidilite Litokol Pvt Ltd (PLPL) and Tenax Pidilite Pvt Ltd (TPPL), in Amod, Gujarat. Litokol SPA Italy and Tenax SPA Italy have transferred technology to Pidilite as part of the Joint Venture. This event signifies a milestone development in technology transfer in India’s stone and ceramic solutions industry.

Tenax offers some of the best product solutions for the installation and upkeep of marble and granite stones. These products provide a seamless finish and long-lasting luster and shine to marble and granite. Litokol’s Starlike range of quartz-based technology epoxy grouts are stain proof, nonabsorbent and highly suitable for both interior and exterior floor and wall applications, even in severe operating conditions.

Bharat Puri, Managing Director at Pidilite Industries Limited, said, “At Pidilite, we continuously strive to innovate and lead the way in all our categories and product offerings. Roff, our pioneering brand, is a true game-changer that aims to revolutionize the stone and tile fixing industry in India. The joint ventures with Tenax and Litokol reiterate our commitment to redefine industry standards and delivering world-class solutions. Given our robust distribution network and this global expertise, we will empower our customers with new age and long-lasting solutions. This partnership marks a significant milestone as we stride confidently towards a future of success. We congratulate the teams of Roff, Litokol, and Tenax for their outstanding efforts in making this journey possible.”

Igino Bombana, President, Tenax SPA said, “Our collaboration with Pidilite signifies a momentous leap in the Indian stone solutions industry. By introducing cutting-edge technology, we are revolutionizing the market, enhancing natural stone surfaces, and elevating the aesthetics and durability of consumer spaces. Our aim is to provide high-quality products that truly transform and enhance the beauty of every space.”

Fabio Plazzi, Managing Director & Chief Financial Officer, Litokol, said, “We are excited to join forces with Pidilite to introduce game-changing tile grouts in the Indian market. Our partnership brings technology and innovative solutions that offer enhanced durability, aesthetics, and ease of use, raising the bar for tile installations in the Indian market.”

The new manufacturing units are spread over an area of 27000 sq ft for Litokol & 21000 sq ft for Tenax respectively and are fully automated. With this technology transfer to the joint ventures, Pidilite will be leveraging its distribution network to market & sell epoxy, urethane grout and certain epoxy adhesives for tile application in case of Pidilite Litokol Private Limited and stone care range products in case of Tenax Pidilite India Private Limited.

With advanced technology and strategic partnerships, Pidilite is poised to redefine the industry landscape and offer customers world class products.

Kolkata, 23rd June 2023: A grand celebration of the Malhar (Torrential Rain) Season on the 2nd of July, 2023, with the only form of music and art that can capture the extremes and tempestuous nature of a thundering monsoon season: Raag Malhar in thrilling Hindustani Vocals and a magnificent Kathak performance.

The Kathak performance will be done by Shinjini Kulkarni, the granddaughter of Padma Vibhushan Pt. Birju Maharaj-ji. The Hindustani Vocals will be sung by Pt. Deepak Kumar Mishra and Pt. Prakash Mishra, 13th generation descendants of the Benaras Gharana.

This event is being organized by the Pt. Bundi Maharaj Sangeet Vidyapeeth was established in 1970. Since its inception, the Vidyapeeth has been devoted to cultivating and nurturing this ancient and divine form of Indian Music through shows and intensive workshops.

The two-hour classical event will be held at GD Birla Sabhagar and aims to reignite the passion for Indian classical art forms amongst the people, by showing them the most captivating, stimulating, and exhilarating high-paced Indian Classical performances, done by people who have dedicated decades of their lives, mastering the craft, each and every day.

As with every show, the purpose is also to pay tribute to the ones who came before and kept the art alive by passing it down through the Guru Shishya parampara.

Jabalpur, 23rd June 2023: The International Yoga Day brought by the Ministry of Ayush at Jabalpur saw participation of thousands of enthusiastic participants practicing yoga followed by Heartfulness Meditation at Garrison Ground in Jabalpur early morning. The yoga fest also coincided with Heartfulness’s and Madhya Pradesh’s Jan Abhiyan Parishad’s Ekatm Abhiyan reaching 42,000 villages and 1.13 crore people in the state taking yoga and meditation to every village and teaching life skills. Rev. Daaji – Spiritual Guide of Heartfulness and President of Shri Ram Chandra Mission and Padma Bhushan Awardee was invited as the Guest of Honour to bless the event and be felicitated by His Excellency Shri Jagdeep Dhankar – Hon’ble Vice President of India and Shri Shivraj Singh Chauhan – Hon’ble Chief Minister of Madhya Pradesh for guiding the largest Yoga and Dhyan outreach program in the world.

Chief Guest Shri Jagdeep Dhankhar, Hon’ble Vice-President of India; and Guests of Honour Shri Mangubhai Chhaganbhai Patel, Hon’ble Governor of Madhya Pradesh; Shri Shivraj Singh Chauhan ji – Hon’ble Chief Minister of Madhya Pradesh and Rev. Daaji – Spiritual Guide of Heartfulness and President of Shri Ram Chandra Mission apart from Shri Ravi Mali Math, Hon’ble Chief Justice, High Court; Shri Sarbananda Sonowal, Hon’ble Union Minister of Ayush and Ports, Shipping & Waterways; Dr. Munjpara Mahendrabhai, Hon’ble MoS for Ayush and Ports, Shipping and Waterways; Shri Prahlad Singh Patel, Hon’ble MoS for Jal Shakti and Food Processing Industries; Shri Gopal Bhargav, Hon’ble Minister for Public Works Department and Cottage & Rural Industries, Govt. of MP; Shri Ram Kishore (Nano) Kawre, Hon’ble Minister for Ayush & Water Resources, Govt. of MP; Shri Inder Singh Parmar, Hon’ble MoS for School Education & General Administration, Govt. of MP; Shri V. D. Sharma, Hon’ble MP (Khajuraho Constituency; Shri Rakesh Singh, Hon’ble MP (Jabalpur Constituency); and Shri Vivek Tankha, Hon’ble MP (Jabalpur Constituency) graced the occasion with profound thoughts on the importance and relevance of yoga.

Rev. Daaji – Guide of Heartfulness, President of Shri Ram Chandra Mission and Padma Bhushan awardee said, “We are very touched by the initiative by the Ministry of AYUSH to bring the country together on International Yoga Day especially when it also coincides with the Ekatm Abhiyan being led by Heartfulness and Jan Shakti Abhiyan jointly to touch one crore lives in Madhya Pradesh state – taking yoga and meditation to every village and every door and empowering youth with mind-sharpening faculties. A sound health is necessary to reach the equilibrium of mind and only through the right frame of mind we can build the nation. We pray that India continues to be the beacon of holistic wellness as our Hon’ble Prime Minister is also taking the message of yoga today during his visit to the United States. But most importantly each of us has to be motivated and make yoga part of our daily lives.”

Hon’ble Chief Minister of Madhya Pradesh Shri Shivraj Singh Chauhan ji said, “We all should you do Yoga every day. Our Hon’ble Prime Minister Shri Narendra Modi is an ardent yoga follower and carrying the message of yoga during his current visit to the United States. When he can find time from his busy schedule for daily yoga, we as responsible citizens must follow suit devoting time for yoga in our daily lives. Schools will have mandatory yoga in MP. Yoga is not associated with any religion, it is meant for the overall wellness for humanity. There is no bigger asset than good health – with all my gratitude to our great sage Patanjali who passed down the knowledge of Yoga. Only through good health and high energy levels can we contribute to the country’s progress.”

Recently Heartfulness in association with Jan Abhiyaan Parishad successfully had launched a campaign called ‘Ekatm Abhiyaan’ – Har Dil Dyhan, Har Din Dhyan with the aim to introduce Heartfulness yoga and meditation practices, life skills program free of cost to over one crore residents of Madhya Pradesh that began on 4th May 2023 to 21 June 2023. The mission has touched 42,000 villages, 52 districts, 370 blocks; and touched over 1.13 crore people, trained over 14 lacs master trainers involving over 8000 volunteers under the keen guidance of Rev. Daaji – Spiritual Guide of Heartfulness, President of Shri Ram Chandra Mission and Padma Bhushan awardee.

The target audience of the programme includes students from schools and colleges, doctors and healthcare professionals at village and district levels, Government employees in various departments and partner institutions. Maximum residents of 52000 villages of Madhya Pradesh across 52 district headquarters and 133 blocks headquarters in the state were slated for participation in the programme.

Both Heartfulness and Jan Abhiyan Parishad are taking the efforts for mass awareness about Yoga, Mudra, Asana, Pranayama in all village panchayat and villages of Madhya Pradesh. The aim of “EKATM ABHIYAAN is to connect with self through yoga and meditation and establish the concept of unity, social harmony, good health and freedom from stress, yoga as a lifestyle at the village level. Also, Heartfulness’s Brighter Minds programme is being brought to every village for young students.

Earlier in the past too Madhya Pradesh Government joined hands with Heartfulness as has been witnessed in their joint Afforestation activities, Empowering Individuals, Enriching Communities and deaddiction drives among others.

Trainers/ volunteers of Heartfulness institute are coming from various parts of India and overseas to conduct these sessions at various villages. For each village three sessions are being conducted by Heartfulness trainers and volunteers.

About Heartfulness: Heartfulness offers a simple set of meditative practices and lifestyle changes, first developed at the turn of the twentieth century and formalized into teaching through Shri Ram Chandra Mission in 1945 in India with a goal to bring peace, happiness and wisdom to one heart at a time. These practices are a modern form of Yoga designed to support contentment, inner calm, and stillness, compassion, courage, and clarity of thought, as the first step towards a purposeful life. They are simple and easily adopted and are appropriate for people from all walks of life, cultures, religious beliefs, and economic situations, who are over the age of fifteen. Ongoing training in Heartfulness practices is going on at thousands of schools and colleges, and over 100,000 professionals are meditating in corporations, non-governmental, and government bodies worldwide. More than 5,000 Heartfulness Centers are supported by many thousands of certified volunteer trainers and millions of practitioners in 160 countries.

India: 23rd June 2023: OM TV, the leading OTT platform, is pleased to announce a strategic partnership with Phando Technologies, a tech firm specializing in UI/UX solutions. This collaboration aims to revolutionize the streaming industry by providing an enhanced user experience and expanding OMTV’s digital footprint.

Phando Technologies will play a crucial role in diversifying OM TV’s digital presence to deliver a seamless and immersive streaming experience. By leveraging its expertise, OM TV seeks to differentiate itself by offering a user-centric approach that exceeds current industry standards.

Mr. Nitin Jai Shukla, Founder & MD of OMTV, says, “Right from the inception, OM TV has strived to offer the best content in spiritual genre and user experience to its viewers. Our partnership with Phando Technologies is a landmark moment in our journey, and through this, we aim to take the experience to another level. We will now be able to better serve our existing viewers, and the addition of new ecosystems will help us in tapping new customers”.

Deepak Joshi, CEO of Phando, says, “We are happy to have OM TV as a partner and offer our technically advanced products to them. OM TV has charted an impressive growth journey, and with our expertise and deployment of our technology, they will be able to scaler faster and reach wider audiences”.

This partnership empowers OM TV to leverage Google’s support and upgraded technical stack, enabling the platform to handle a significantly larger audience without compromising performance. Users can expect uninterrupted streaming, regardless of concurrent viewers, as OM TV and Google work together to establish new benchmarks in the streaming industry.

Additionally, OM TV is actively extending its reach across various ecosystems to ensure accessibility for users. With this association the platform’s content will available on app stores, Play Store, Android TV, Fire Stick, and other popular platforms. OM TV is also engaging in discussions with TV and mobile device manufacturers to enable content consumption across multiple platforms. By embracing strategic expansion, OM TV strives to stay ahead in the evolving media landscape and cater to audiences’ preferred content consumption platforms.

The collaboration with Google has granted OM TV free credits for cloud usage, resulting in substantial cost savings for content delivery networks (CDNs). OM TV is also leveraging the resources of Amazon Web Services (AWS) to build a platform comparable to industry-leading streaming platforms like Netflix, further enhancing the overall user experience.

New Delhi, 23rd June 2023:FinMapp, India’s leading financial health guide, has successfully hosted its first “Financial Wellness Program for corporate employees” workshop. This workshop was conducted for consumer giant Dabur India Limited and took place at Dabur’s corporate office in Kaushambi, signaling the start of an ambitious initiative aimed at improving the financial well-being of corporate employees across India.

The first session of the “Financial Wellness Program for corporate employees” workshop aims at making India financially fit for the future at no cost. Recognizing the critical need for financial literacy and empowerment, FinMapp has committed to holding this series of workshops over a period of four times a year, with the goal of imparting critical knowledge and skills to corporate employees across all industries in the country.

The workshop sessions cover a wide range of topics, including budgeting, savings, investment strategies, debt management, and retirement planning. In addition to the interactive workshop sessions, participants will receive regular newsletters with valuable financial tips and insights. The initiative also includes regular virtual Q&A sessions via YouTube live sessions and so on, allowing corporate employees to seek expert advice and guidance from FinMapp’s experienced financial advisors.

“Our research indicates that a staggering 81% of Indian employees express concerns about their financial expenses,” says Kumar Binit, the Founder and CEO of FinMapp. He added, “Despite this, only one out of every ten offices takes responsibility for their employees’ financial well-being. We believe that by providing individuals with essential financial knowledge and strategies, we can alleviate their concerns and pave the way for a financially secure future.”

Ashwinder R. Singh, renowned author and real estate expert, has once again captivated industry professionals with his latest release, “Master Residential Real Estate”, a guide for homebuyers and real estate enthusiasts. This comprehensive guidebook equips homebuyers and industry experts with the knowledge and strategies to successfully navigate the dynamic real estate market.

The highly anticipated second book from Ashwinder R. Singh has already made waves in the market, garnering praise from top corporate executives in the Real Estate, Technology, Entertainment, Consulting, and FMCG sectors and aspiring real estate professionals and MBA students.

Ashish Puravankara, Managing Director of Puravanakara Limited, a prominent real estate developer, recognises the success of Singh’s previous book and expresses confidence in the popularity of his latest release. Puravankara states, “Ashwinder’s first book was a huge success, and this second one is sure to be even more popular. The book provides immense practical knowledge and tips, especially for working real estate professionals and students.”

Kulmeet Bawa, President and Managing Director of SAP India subcontinent, shares his enthusiasm for Ashwinder’s real estate book, describing it as an invaluable resource. Bawa remarks, “I am extremely impressed by Ashwinder’s real estate book. It showcases his profound industry knowledge and captivating writing style. This book is a must-read for all real estate investors, and I wholeheartedly endorse it for its practical guidance, unwavering commitment to ethical practices, and its special focus on the role of technology in the residential sector.”

Neeraj Bansal, Co-Head and COO, India Global, Big Four, applauds Singh’s remarkable achievement, acknowledging the positive impact his second book will have on the real estate community. Bansal states, “I applaud Ashwinder on this remarkable achievement and impressed with his second book’s positive impact on the real estate community. I congratulate him for the transformation he is bringing to the industry.”

Amarjit Singh Batra, Managing Director-India, and GM- SAMEA (South Asia, Middle East and Africa), appreciated the book stating, “As a homebuyer myself, I am thrilled to express my sincere admiration for Ashwinder’s real estate book, which I wholeheartedly endorse. The book will undoubtedly enrich every- one’s journey, equipping them with the insights and confidence to make informed decisions in their quest for the perfect home.”

Ashwani Awasthi, Managing Director RICS – South Asia, recognises the expertise displayed throughout “Master Residential Real Estate,” emphasising its value to aspiring real estate students. Awasthi remarks, “Ashwinder’s expertise shines through every page, making his second book, ‘Master Residential Real Estate,’ an essential tool for aspiring professionals in the field. Congratulations on this remarkable achievement!”

Dr. R S Sodhi, Ex Managing Director of GCMMMF LTD (AMUL, 2010-2022) and current President of the Indian Dairy Association, share his perspective on the book. “As a keen observer of the real estate industry, I highly recommend Ashwinder’s real estate book,” he states. “It provides practical insights into understanding RERA, making it accessible for laymen and professionals outside the real estate industry. The book’s incredible knowledge and clarity help navigate the complexities of real estate regulations easily.”

“Through his groundbreaking book, Ashwinder has addressed a significant need in the market. We can see his operating excellence and rich experience reflected in the book ‘Master Residential Real Estate’. This is truly an indispensable guide for all those seeking success in the residential sector,” said Mr. Ramesh Nair, CEO India & MD- Market Development, Asia at Colliers, appreciating the book.

Pune, 23rd June 2023: Fibe (formerly known as EarlySalary), one of India’s leading personal loan apps, just unveiled its newest commercial campaign, featuring Tahir Raj Bhasin. To connect with today’s young generation and spread the reach of its financial services across the country, the actor was appointed as the brand ambassador of Fibe in 2022.

The campaign highlights Fibe’s personal loan offering as a quick and easy solution for all your big and small life upgrades. It builds on the success of the previous brand film #PaiseWaliVibe, featuring Tahir discovering Fibe’s offerings to fuel all his larger-than-life upgrades. In the new films, he realises that many people use immediate cash to fulfil their everyday needs. The joyful tone of the brand is present in the films, which highlight a variety of relatable situations that young millennials and GenZs encounter as well as how personal loans may improve people’s lives. It has three different ads that demonstrate how easy it is to use Fibe to pay for a weekend getaway, a 65-inch TV for the family, or a new phone for oneself. Thus, affirming the company’s claim to give customers immediate cash with no questions asked. VeryBusyPeople is the creative team behind these advertisements.

The #PaiseWaliVibe campaign, which started in October 2022, had a significant impact by reaching 5 crore new customers and serving 14 crore impressions. This time again, Fibe is targeting various digital platforms, including Facebook, LinkedIn, Twitter, Instagram, and OTT platforms. The campaign will also be featured on Fibe’s affiliate partner websites and aggregator platforms to reach a wide audience.

Speaking on the launch Mr. Sudesh Shetty, Founding Member and Director – Marketing, Fibe said, “The first #PaiseWaliVibe campaign highlighted the brand as a hassle-free solution for any credit need, no questions asked with a series of larger-than-life scenarios. While we continue to reiterate the promise in the second campaign, we do so by showcasing various real-life aspirations of millennials & GenZs and how Fibe’s personal loan can help fulfil them, with a touch of delightful humour.”

Speaking about the new campaign with the brand, Tahir Raj Bhasin said, “After witnessing a positive response to the first campaign, I am thrilled to be a part of Fibe’s second set of campaigns. It’s heartening to be associated with a brand that is committed to empowering people and transforming their financial journeys. We are excited to showcase the power of Fibe’s offerings in fulfilling the diverse aspirations of young individuals, making their aspirations truly attainable, Fibe has recently rebranded from EarlySalary as a testament to its effort to provide a hassle-free financing experience to its consumers. The name signifies a step towards embracing a superior customer-centric approach, placing an exceptional customer experience at the heart of its business model.”

23rd June 2023 CortevaAgriscience®, a global pure-play agriculture company,has launchedNovlect™an herbicide for controlling a wide range of broadleaf, grassy weeds, and hard-to-kill species of weeds in rice fields.

Novlect™ rice herbicide’s unique combination of Rinskor® active has proven very beneficial in effective weed management including Direct Seeded Rice (DSR). It has a favorable toxicology and ecotoxicology profile which benefits soil health and the environment. Its advanced formulation allows for easy handling, mixing, and application, makingNovlect™ a distinctive product that performs effectively across variable weather conditions and water management environments. The product effectively controls weeds that are resistant to ALS (Acetolactate synthase), ACCase(Acetyl- coenzyme A carboxylase), and HPPD(Hydroxyphenylpyruvate dioxygenase) HPPD inhibitor herbicides as well.

Sharing his experience on the results of using Novlect™ in his field, Mr. Shankar Nannilam, a rice farmer fromThiruvarur, Tamil Nadu said, “Weeds are the biggest problem in my rice fields. I have used several combinations of herbicides in the past, but never got the desirable result. However, after using Novlect™, I noticed excellent weed control and a clean, healthy rice field”.

Speaking on the company’s commitment to bring sustainable and innovative agricultural products to India, Mr.Ravinder Balain, President – South Asia, Corteva Agriscience® said, “Farmers are looking for modern solutions to address their challenges and improve productivity. It has been our endeavour to provide advanced crop protection technologies that will help farmers meet this goal.Novlect™ is our latest technology for effective management of crop productivity, hindering weed and providing farmers with long-term, eco-friendly control in rice cultivation”.

Highlighting the challenges in weed management in DSR, Dr P MuraliArthanari, a renowned Weed Scientist from TNAU, Coimbatore said, “Herbicide resistance is one of the biggest issues faced by Indian farmers who grow rice. Novlect™ which contains Rinskor® active is the latest technology that will deter resistance development and controls major weeds, including the tough ones like Leptochloa and Cyperus very effectively.”

Corteva Agriscience® is committed to helping farmers adopt sustainable and holistic agronomic practices. With innovation at its core, Corteva® believes in enriching the lives of farmers ensuring progress for generations to come. Corteva creates solutions that deliver high-quality yields and long-term sustainability for farmers’ prosperity.

Mumbai,23rd June 2023 Mumbai-based Drone maker ideaForge Technology is the pioneer and the pre-eminent market leader in the Indian unmanned aircraft systems (“UAS”) market, with a market share of approximately 50% in fiscal 2022 has fixed the price band at ₹638 to ₹672 per Equity Share for its maiden public offer. The initial public offering (“IPO” or “Offer”) of the Company will open on Monday, 26 June, 2023, for subscription and closes on Thursday, 29 June, 2023. Investors can bid for a minimum of 22 Equity Shares and in multiples of 22 Equity Shares thereafter.

The public issue with a face value of Rs 10 per equity share comprises of Rs 240 crore of fresh issue and an offer for sale of 4,869,712 equity shares. The offer also includes a reservation for a subscription by eligible employees.

On June 15, 2023, the company, in consultation with the lead bankers to the issue, raised Rs 60 crore in a Pre-IPO placement from institutional investors, including Tata AIG General Insurance, 360 ONE Special Opportunities Fund- Series 9 and 10, Motilal Oswal Midcap Fund, and Think Investments PCC, a foreign institutional investor.

The proceeds from its fresh issuance to the tune of Rs. 50 crore will be utilised for repayment / prepayment of certain indebtedness availed by the Company, Rs 135 towards funding working capital gap, Rs 40 crore for investment in product development and general corporate purposes.

The Company through its IPO will fetch Rs 550.69 crore – Rs 567.24 crore at the lower and upper end of the price band.

ideaForge Technology has been backed by several marquee ventures and private equity investors including Qualcomm Asia, Infosys, and Celesta Capital. Mathew Cyriac backed Florintree Enterprises is the single largest shareholder in the company with approximately 11.85% stake had invested in the company in April 2022.

The Mumbai-based company had the largest operational deployment of indigenous UAVs across India, with its drone manufactured taking off every five minutes on average for surveillance and mapping. It is one of the few original equipment manufacturers (“OEMs”) in the world that have its own exclusive autopilot sub-system and ground control software and takes full integration of its payloads, communication system and packaging.

Founded in 2007 and led by first-generation entrepreneurs, ideaForge has a first-mover advange and primarily caters to customers with applications for surveillance, mapping and surveying. Its customers include the armed forces, central armed police forces, state police departments, disaster management forces, forest departments besides other civil customers.

Having more than a decade of experience in operationalizing UAVs, it is one of the first few companies in India to enter the UAV market and stands 7th globally in the dual use category i.e civil and defence as per the report published by Drone Industry Insights in December 2022. It plans to expand its offerings and operations to Bangladesh, Vietnam and Nepal

The Company was incubated by the Society for Innovation and Entrepreneurship (“SINE”), IIT Bombay and subsequently by CIIE Initiatives, IIM Ahmedabad. As on June 17,2023 it had 25 patents granted and 37 patents pending.

ideaForge had an outstanding order book of Rs 192.27 crore as on March 31, 2023.

The drones ideaForge currently manufactures Middle Mile drones which are differentiated basis weight, endurance, take off altitude range, communication range as well as the kind of payload it is supposed to carry. Switch UAV, Netra V4+ and V4 PRO UAV, Q6 UAV, Ninja UAV, Q4i UAV, and Ryno UAV are examples of ideaForge drones that are rugged unmanned aerial vehicles (UAVs) that have been tested in extreme weather conditions and high altitudes across India from deserts to glaciers and offers the highest technical life of 2,000+ landings. It plans to expand its product portfolio to Tactical UAVs and Last Mile Logistic drone too.

Comparing the last 2 fiscals, its revenue from operations increased by 16.66% from ₹159.44 crore in the Fiscal 2022 to ₹186.01 crore in the Fiscal 2023, whereas profit after tax stood at Rs 31.99 crore in Fiscal 2023.

JM Financial Limited and IIFL Securities Limited are the book running lead managers and Link Intime India Private Limited is the registrar for the issue.

Notes for Reference :

Issue Size of the IPO based on the upper and lower end of the price band

New Delhi, 23rd June 2023: Sukoon Health, India’s premier chain of mental health hospitals, has unveiled its state-of-the-art Drugs and Substance Recovery Centre in Chhatarpur, New Delhi. This Recovery Centre adopts a unique 360-degree approach to deliver comprehensive and personalized care for individuals facing challenges with alcohol and substance abuse. Each patient will receive a specially tailored care plan to address their specific needs.

To counter growing alcohol and substance abuse amongst Indians, Sukoon plans to open 20 Rehab Centres across major metros over the next 6 years.

According to a national survey conducted by the government, a staggering 1.58 crore children aged between 10 and 17 years are addicted to substances. Alcohol addiction is most common followed by Cannabis and Opioids. About 16 crore people consume alcohol and more than 5.7 crore are dependent on alcohol and need help. The survey also states that 3.1 crore people use cannabis and about 25 lakhs suffer from cannabis dependence, while 2.26 crore people use opioids and approximately 77 lakhs require help for opioid-related problems.

Sukoon Recovery Centre offers residential programs for alcohol and substance abuse to help residents achieve long-term recovery. Sukoon’s globally benchmarked and evidence-based program is available to individuals from all over the world, and the team is dedicated to providing personalized care that addresses each individual’s unique needs.

“Our fundamental conviction is that every individual possesses unique needs that demand personalized care,” expresses Vidit Bahri, the Co-Founder & Chief Growth Officer of Sukoon. “With our holistic 360-degree approach, we embark on a journey to comprehend the intricate symptomology of each person, crafting bespoke treatment plans that cater to their distinct requirements. As we dedicate our resources, we aim to meticulously measure patient outcomes, with an unwavering determination to substantiate the efficacy of our program. Together, we stride forward, melding clinical precision with an unyielding belief in the potential of personalized care.”

The approach is a move away from the traditional ‘one-size-fits-all’ treatment programs that have been used for years. Instead, Sukoon’s treatment program is tailor-made taking into consideration each individual – mind, body, and soul. The program addresses every psychological, physical, and psycho-social element that could have a bearing on an individual’s well-being through a comprehensive range of medical, psychological, and physical assessments and treatments.

The treatment journey lasts four to six weeks, during which the medical team provides a comprehensive treatment plan that includes a medical and physical check and extensive laboratory tests. Based on the results of these assessments, the doctors create a detailed treatment plan in collaboration with the rest of the multidisciplinary team that is 100% tailored to the individual’s situation and needs.

The treatment plan includes a daily schedule that offers a range of services, including medical checkups, pharmacological intervention for relapse prevention, comprehensive psychosocial assessments, psychoeducation,
psychotherapeutic interventions, family assessments and interventions, recreational therapy, expressive art-based therapy, physiotherapy, nutritional counseling, personal training, yoga, meditation, and exercise.

In addition to the comprehensive treatment program, Sukoon offers unparalleled hospitality to ensure that the residents feel comfortable and supported during their recovery journey.