Tag Archive for crore

Radio City Continues to Influence the Nation with Highest Listenership of 6.7 Crore Indians as per the Latest AZ Research Findings

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Radio City, India’s leading radio network has once again emerged as the number 1 FM broadcaster as per the recent AZ Research Baseline Study 2018. With listenership amassing a whopping 6.7 crores across 34 markets, Radio City has consolidated its PAN India leadership position and reiterated its popularity amongst radio fans in the country.  The report summarizes city wise as well as zone wise listenership data and shows trends in each part of the country.

Radio City achieved the highest listenership of 86 lakhs in Mumbai and topped the charts in Pune (40 lakh), Nagpur (20 lakh), Nagar (7 lakh), Baroda (11 lakh), Surat (35 lakh) and Jaipur (19 lakh), thereby achieving the highest listenership of 2.9 crores in the West zone. Similarly, the South Zone and North Zone also witnessed Radio City dominating the markets with top listenership of 1.8 crores and 1.9 crores respectively. Some of the noteworthy highlights of this performance include Radio City attaining the highest listenership of 59 lakhs and 103 lakhs in Bangalore and Delhi respectively.

Radio City’s continued dominance in listenership is a direct reflection of the successful philosophy of ‘Rag Rag Mein Daude City’ that aims to invoke the feeling of city passion amongst the citizens. It also galvanizes a stronger emotional connect through a ‘micro local’ content approach that depicts the city’s fabric, culture and nuances. Read more

Max Life Insurance to distribute Rs. 1,084 crore as bonus to its participating policyholders

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Max Life Insurance, one of the leading life insurance companies of India, announced bonus for its participating policyholders. During the period July 1, 2018 to June 30, 2019, Max Life Insurance will be paying Rs.1,084 crore as policyholder bonus on the participating policies in-force, an increase of 27% over Rs. 854 crore in the same period in the previous year. The bonus distribution will benefit ~15 lacs participating policyholders of Max Life Insurance. This is the 16th year in a row when Max Life Insurance has announced bonus.

 

Max Life Insurance’s participating policyholder fund at Rs. 26,570 crore (as on 31st March, 2018) is one of the largest in the industry and has grown at Compounded Annual Growth Rate (CAGR) of  ~35% over 10 years. This indicates trust Max Life’s customers have reposed in its participating plans. Read more

NTPC Inks Rs. 1,500 crore Term Loan with HDFC Bank

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

NTPC Signs Term Loan of Rs 1500 crore with HDFC Bank

NTPC, India’s largest power generating company, has signed term loan agreement for Rs. 1,500 crore with HDFC Bank Limited on 10th July, 2018 for its various projects. The loan has a door-to-door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC and has been extended at an interest rate linked to 3-months Marginal Cost of funds based Lending rate (MCLR) of the bank. Read more

Poonam Pandey to get Rs 1 crore for Football Final Match

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Poonam Pandey

Poonam Pandey is all set to attend  the screening of final football match on 15th July  at an event in ASia’s Biggest Club in Nepal.
The actress will reportedly get a hefty amount of Rs 1 crore for the event taking place in Nepal at Club Dejavu, Kathmandu.
Managing director of the Club Manoj Shrestha said, “It was a delight to have Poonam agree to attend the screening and Cheer with the audience for football final match.” Read more

Satin Creditcare raises ₹500 crore from NABARD as Refinance Facility

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Satin Creditcare Network Limited (“SCNL”) [BSE: 539404; NSE: SATIN] the second largest microfinance company in the country, has received a fresh disbursement of ₹500 crore from NABARD in the form of refinance facility for tenure of 5 years. The funds raised will be used for further growth in AUM of SCNL.

Commenting on the transaction, Mr. H P Singh, Chairman and Managing Director – SCNL, said, “Association with NABARD is helping SCNL to reduce the cost of borrowings and lending rates to the ultimate borrowers. Lower lending rates will accelerate the pace of our mission of financial inclusion.”

SCNL has been raising funds through various instruments, such as Term Loans, NonConvertible Debentures (NCD), Preference shares, Commercial Paper and Securitization/assignment, etc., in keeping with its strategy to diversify its resource profile. Read more

Lifeasy turns Cash Positive, targets ₹50 crore revenue by 2020

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Lifeasy, India’s leading On-Demand home services app, is now a cash positive organization- the first in the On-Demand Home Services Industry.

Speaking on the development, Rakesh Gupta, Co-Founder Lifeasy, said, “In a span of 2 years, Lifeasy has endeared itself to its users and subscribers. We have gathered our learnings from every single one of the 30,000+ services & deliveries that we have done so far. We are sure that our consumers will continue to place their faith in us and that Lifeasy will go ahead full steam with the varied offerings & plans that we will have in the coming future”.

Lifeasy is about making people’s life easy by letting them worry- one thing less at a time. With services ranging from cleaning to repairing to painting and others, Lifeasy is not a marketplace or an aggregator in a category crowded by the likes of UrbanClap or Housejoy. Only two years old, Lifeasy is a bootstrapped between its Founders. While FY 2016- ‘17saw 4000 completed orders, FY 2017-18 saw over 25,000 and a revenue stream of Rs. 3.25 Crores.

The current basket from Lifeasy works across 200 types in 18 categories. The variety ranges from repairing leaking taps to old furniture. From fixing electrical issues to appliance repair, home painting & cleaning services, personal care services and much more. Currently serving in the Delhi-NCR region (Delhi, Noida Greater Noida, Gurgaon, Ghaziabad & Faridabad), Lifeasy is a bootstrapped operation- having started with only Rs. 1.25 Cr. and will eventually move in to raise funds to accelerate its growth path. The expansion plans include expanding into the Bengaluru & Mumbai spaces after the Delhi-NCR market and expand its basket of services, so that Lifeasy becomes the partner of choice for any service at any home.

With a target of reaching the Rs. 50 Cr revenue mark by Q1-2020, Lifeasy plans to scale up with a daily service execution of 500-600 per day in the immediate future and going to 1500 services per day with the addition of the new cities- having services over 30,000 customers already in FY 2017-18 (inward revenue of Rs.3.25 Cr). Read more

Tynor Orthotics raises INR 143 crore from Lighthouse Funds and Thuasne Participations, France

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

lighthouse Funds, a mid-market focussed private equity fund and Thuasne Participations, France, together have invested INR 143 crore into Tynor Orthotics Private Limited (“Tynor” or the “Company”), India’s largest orthotic soft goods company. The investment will be used to accelerate Tynor’s growth plans. Tynor is a leading brand in India’s rapidly growing orthotic support industry and sells products such as body braces, supports, fracture and walking aids. The Company has a wide range of offerings consisting of over 140 products. Tynor has a national distribution network in India and also exports to over 40 countries. The Company is aiming to achieve sales of over INR 500 crore in the next three to four years.

 

Thuasne had originally invested in Tynor in 2010, picking up a minority stake. It has again participated in the current round, led by Lighthouse Funds.

 

Lighthouse is a leading mid-market private equity firm focused on growth investments in India’s consumer sector. The firm’s current and past investments include Bikaji Foods, FabIndia Overseas, Cera Sanitaryware, Capital Trust, Suraksha Diagnostic, Dhanuka Agritech, Indian Herbs, Kama Ayurveda, Unibic Foods and XSEED Education. For more information, please visit www.lhfunds.com. Read more

Gravita India FY18 PAT at Rs. 45.21 crore; up 48 per cent

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Gravita India Limited (NSE: GRAVITA, BSE: 533282), a leading recycling multinational company declared its financial results for the quarter and financial year ended March 31, 2018.

Gravita’s Profit After Tax surged to Rs.11.11 crore as against Rs. 9.34 crore for the corresponding quarter last year. PAT margin stood at 3.07 % in Q4 FY18 versus 4.39 % in Q4 FY17.

Commenting on the results, Mr. Rajat Agrawal, MD at Gravita India said, “We are pleased to announce the results and they are in-line with our expectations. Our recently commissioned commercial production of Lead Tetra Oxide at Jaipur and PPCP Granules Lines at Chittoor plant;  the recent order-win from Singapore will strengthen our top line and bottom line in FY18-19.”

Highlights of Consolidated Q4 FY18 Performance

  • Fourth quarter total revenue increased to Rs. 362.44 crore from Rs. 212.65 crore in Q4FY 17, up 70.44 %

  • The EBITDA in Q4 FY18 stood at Rs. 24.99 crore from Rs. 19.20 crore; up 41.29 % in the same period last year.

  • Q4 Net Profit rose by18.94 % to Rs. 11.11 crore up from Rs. 9.34 crore in FY 17. Read more

Shriram Automall Platforms transacted Business worth over Rs. 3000 crore in FY 2017-18

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By Vivek K.

Shriram Automall India Limited (SAMIL), India’s Largest Physical & Online Bidding Platform for transactions of pre-owned vehicles & equipment grew by 30% in FY 2017-18. SAMIL achieved this milestone by transacting over 1,20,000 pre-owned vehicles & equipment worth Rs. 2300 Cr. through its physical platforms, acquiring 100000+ unique bidders while assisting already existing 6,50,000+ bidders through its 75 well structured Automall facilities across India. After the partnership with CarTrade Exchange & Adroit, in the month of March 2018 the company transacted Rs. 354 Cr. worth of business through its physical & online platforms & grew 71% when compared to Feb 2018. Read more

Samena Capital takes 35% stake in Bloom Hotels at INR 330 crore valuation

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

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Bloom Hotels (“Bloom”) is swiftly moving ahead with its expansion plans after a primary capital injection of Rs 100 crores by Samena Capital in the company’s Series B investment round. The investment values Bloom at 330 crores and will help roll out the company’s innovative affordable brands to all Indian cities. With this investment Samena Capital has taken a 35% stake in Bloom Hotels. Read more