Tag growth

Mumbai, 15th October 2024 – Lord’s Mark Industries, a diversified business group demonstrated strong financial growth, registering a healthy revenue uptick of 40.41% in FY24. The company’s revenue from operations increased to INR 422.24 crores in FY2024 from INR 301.08 crores in FY2023, underlining a sustained momentum in a competitive market scenario. The company is set to get listed in December 2024.

This consistent revenue growth is in line with the Group’s strategic vision to scale up operations in a cost-efficient manner.

In tandem with its revenue performance, Lord’s Mark Industries posted an impressive 106.13% rise in Profit After Tax (PAT) in FY24.

Speaking on the company’s strong financial performance, Mr. Sachidanand Upadhyay, Managing Director, Lord’s Mark Industries Ltd., said “Our remarkable financial performance in FY24 is a testament to our strategic investments and expansion initiatives. Several factors contributed to this success. Across our associated companies—Lord’s Automative, Lord’s Mark Biotech, and Lord’s Mark Microbiotech—we pursued aggressive expansion in both existing and emerging markets, including metros and tier 2 and 3 cities. Lord’s Automative introduced EVs, while our medtech sector launched advanced genome testing kits and E-Smart Clinics; tapping into the growing awareness of electric vehicle adoption and preventive healthcare. These trends have significantly enhanced our earning visibility. The robust growth in revenue and profit margins reflects our focus on process optimization, scaling efficiently, and maintaining stringent cost controls. We are confident that this momentum will drive continued innovation and market expansion, positioning us for sustained growth in FY25 and beyond.”

Lord’s Mark Industries has been strategically investing in its subsidiaries to drive the development of cutting-edge medtech products, the production of innovative diagnostic solutions, and the expansion of its pathology lab network across India. Additionally, the company plans to scale up the export of its medical diagnostic products and equipment.

Incorporated in 1998, Lord’s Mark Industries began its journey from paper industry to innovative Solar/LED, Healthcare, Automotive, and Innovative MedTech sectors. Lord’s Mark Industries is one of the industry leaders to have its own world class R&D facility and team for manufacturing medical diagnostic and medtech products.

The company through its subsidiary has launched saliva-based technology for genome testing through its brand MyDNA. It has collaborated with Dozee, IIT Bombay, BARC and made them its R&D partners to redesign medical infrastructure in India.

Lord’s Mark Industries’ major business units, such as the Diagnostic-Medtech and innovative Solar-LED divisions, have been breaking new ground with a focus on innovation and a solution-oriented approach. Additionally, subsidiaries like Lord’s Automative, Lord’s Mark Biotech, Lord’s Mark Microbiotech, and Lord’s Mark Insurance Broking Services are strengthening their market presence. The upcoming listing will fuel growth, supporting the company’s efforts to expand its footprint and maintain its growth trajectory.

Mumbai, September 24, 2024: EuroKids, India’s foremost preschool expert, proudly announces the launch of its 8^th version of the curriculum, ‘Heureka’, the Visible Thinking Curriculum. Inspired by Harvard University’s Project Zero and aligned with the National Education Policy 2020’s vision for comprehensive development, Heureka is curated to enhance young learners’ critical and creative thinking skills.

As part of EuroKids’ ambitious growth strategy, the preschool network also announced its plan to expand its presence in Mumbai and across Maharashtra. EuroKids plans to open 325 new centres in the state within the next 5 years and targets reaching 400 centres in Maharashtra, enhancing the quality of early education in the state. EuroKids, the leader in Early Education, recognizes the need for high-quality early education, so it keeps updating its curriculum.

Heureka represents a significant shift from teaching children “what” to think to empowering them with the skills on “how” to think. This curriculum introduces 20 structured Harvard-inspired Thinking Routines that spark curiosity, foster imagination, and cultivate critical thinking in young minds, ensuring that children are not merely absorbing information but are actively engaging with it in a way that fosters deeper understanding and creativity.

Developed over 18 months of rigorous research, pilot testing, and refinement, Heureka is anchored by the EPICS philosophy, addressing five core areas of development that are often overlooked in the education systems – Emotional, Physical, Intellectual, Creative, and Spiritual quotients. The pillars of the curriculum are the 13 distinct programs (CodeQuest, EuroKonect, EuroFit, EuroArt, Elevate, and many more) that are tailored to each child’s learning journey to prepare them not only for academic success but also for lifelong personal growth.

Announcing the launch of the curriculum, KVS Seshasai, CEO, Pre-K Division (EuroKids), Lighthouse Learning, said, “At EuroKids, we believe in laying the foundation for lifelong learning by nurturing curiosity and critical thinking from as early as two years old. Dr Anita Madan, Head Curriculum Development, designed Heureka to be the most innovative curriculum in the early childhood Care and Education space. Our holistic approach ensures that children are not just prepared for school but for life, equipped with the skills to navigate an ever-evolving world. We are excited to see how this curriculum will shape the thinkers, innovators, and leaders of tomorrow. With this new curriculum, we are keen to further strengthen our presence in Mumbai and Maharashtra overall.”

Commenting on the launch of the curriculum, Dr. Anita Madan, Head Curriculum Development, EuroKids, said, “Heureka is a transformative approach to early education. With the EPICS framework, we’re not just focusing on Intellectual Quotient (IQ) but fostering a well-rounded development that includes emotional, physical, creative, and spiritual quotients. We want to encourage children to not only answer the question but also question the answers. This shift cultivates curiosity, critical analysis, and a deeper connection with the world around them. More than academic preparation, Heureka is about fostering a mindset where children are empowered to make connections, solve problems, and engage with the world in meaningful ways.”

Aligned with NEP 2020, which emphasizes holistic development inspired by the ancient Indian concept of Panchakosha or the ‘five sheaths’ of human existence, Heureka integrates these principles into its educational approach. EuroKids is also enhancing its HomeBuddy app to complement the curriculum, offering enriched interactive content to support cognitive development while maintaining balanced screen time.

With over 23 years of experience, and a network of 1,600+ preschools across 400 cities, having nurtured over 7,00,000 students till date, EuroKids remains at the forefront of preparing young minds for the future. This curriculum underscores EuroKids’ commitment to shaping inquisitive, well-rounded learners, reaffirming its position as a leader in early childhood education.

Mumbai, 9^th August 2024: India Shelter Finance Corporation Limited announced the unaudited financial results for quarter ended on June 30, 2024.

Key Performance Metrics:

Commenting on the performance, Mr. Rupinder Singh, Managing Director, and CEO of India Shelter Finance Corporation said: “India Shelter delivered another quarter of consistent performance across parameters with sustainable growth in our AUM. India Shelter now operates out of 236 branches in 15 states. We added 13 new branches during the quarter. Going forward, we will continue to focus on sustainable growth by penetrating deeper into our existing geographies, where a significant unserved and underserved population resides. During the quarter, we witnessed strong AUM growth of 37% YoY, led by a 23% YoY increase in disbursements. Our margins remained in line with our guidance for the medium term at 6.1%. Our return ratios continue to remain healthy at 5.6% RoA and 14.3% RoE.

He further added, “The government continued its march towards fiscal consolidation in Union Budget 2025, comforted by a broad-based recovery in the Indian economy. The increase in the target by 3 crore houses (rural as well as urban) goes well for those who wish to avail the benefits of the scheme. It will also facilitate accommodation of growing number of families, particularly in rural area. The re-introduction of Credit Linked Subsidy Scheme is expected to support housing loan growth as well. “

Profitability:

• Profit after tax grew 77% YoY to Rs. 84 Crs in Q1FY25 as against Rs. 47 Crs in Q1FY24
• RoA improved to 5.6% in Q1FY25 from 4.2% in Q1FY24
• RoE stood at 14.3% for Q1FY25

Borrowings & Liquidity:

• Networth at Rs. 2,387 Crs as of June’24. The company continues to carry a liquidity of Rs. 1,193 Crs as of June’24
• In Q1FY25, cost of funds was maintained at 8.8%.

 Asset Quality & Provisions:

• Gross Stage 3 and Net Stage 3 stood at 1.1% and 0.9% as of 30^th June 2024 as against 1.0% and 0.8% as of 30^th June 2023
• Credit Cost for the quarter stable at 0.4%

The quest for a fit and healthy lifestyle has become increasingly important in modern society, with a noticeable rise in the fitness industry attesting to this cultural shift. Gone are the days when fitness solely revolved around rigorous workouts and strict dietary regimens. Today, the definition of wellness extends beyond physical exercise, encompassing mental health, mindfulness, nutrition, and overall lifestyle choices.

As society becomes increasingly health-conscious, the market for fitness and wellness  a seismic shift, marked by innovation, inclusivity, and technology-driven advancements. Individuals are looking for ways to maintain their overall well-being through dietary choices, exercise routines, and the integration of supplements. This growing emphasis on fitness has led to a significant impact on various aspects of the market. The paradigm shift has propelled the industry into a realm that prioritises individualised experiences tailored to diverse needs and preferences.

Amongst this, one striking trend that has emerged as a crucial factor is the increasing emphasis on flavours in the development of fitness supplements. The influence of flavours in the variety of wellness and fitness supplements reflects the evolving preferences and inclinations of health enthusiasts. Today, individuals have access to a multitude of choices that extend beyond conventional brand formulations. Consuming health supplements used to be a bit unpleasant, but now, with different and pleasant flavours, it has become an enjoyable part of staying fit. Also, a major aspect of this flavour revolution is the wide array of options available to consumers.

Whether it's protein powders, nutritional shakes, or dietary supplements, the market is flooded with a variety of flavours to cater to different tastes. This shift in focus from merely meeting nutritional needs to enhancing the overall sensory experience has played a significant role in attracting a broader audience to the fitness market. Recognising the significance of flavours in their products, Vestige Marketing, a prominent player in the industry, has placed a high priority on this element. One of their standout offerings, the Veslim Shake, not only supports weight management effectively, but also offers a variety of flavours to cater to diverse preferences.

Mr Gautam Bali, MD, Vestige Marketing Pvt Ltd, has highlighted the importance of taste in their products. He stated, “At Vestige, we remain committed to addressing the evolving health and fitness needs of consumers. Our focus on aligning with these needs drives us to introduce new products. With the introduction of Vanilla and an improved Mango variant of our specially formulated weight management Veslim Shakes, we aim to assist individuals in maintaining a healthy weight while enjoying the enhanced flavours. We believe in making wellness accessible without compromising on essential nutrients or taste, enabling individuals to stay dedicated effortlessly to their health goals.”

The importance of flavours in the fitness market goes beyond mere indulgence. It addresses a critical aspect of adherence to fitness routines. Individuals are more likely to incorporate supplements into their daily regimen if they enjoy the taste of these products. This shift from viewing supplements as bitter medicine to embracing them as a flavourful part of one's routine has contributed to the sustained growth of the fitness industry.

The evolving landscape of the fitness and wellness market reflects a fundamental societal shift towards prioritising health and well-being. With technology as an enabler, inclusivity as a guiding principle, and a holistic approach as the cornerstone, the industry is poised for continuous growth and innovation, empowering individuals on their journey towards a healthier and more fulfilling life.