Tag Archive for crore

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

HDFC AMC crosses Rs. 3 lakh crore AUM in FY18

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

The change in the recent savings trend in Indian households and an increase acceptability among financial asset classes bode well for the mutual fund industry for the last financial year. Mutual funds asset under management (AUM) grew by over Rs. 23 lakh crore to stand at Rs. 4.75 lakh crore. Out of this HDFC Asset Management Company Limited (HDFC AMC) has achieved a significant milestone with an AUM crossing the Rs. 3 lakh crore mark in FY18. For the fiscal 2018, the AUM of HDFC AMC stands at Rs. 300,549 lakh crore.

 

HDFC AMC posted growth of 31 percent in net profit for fiscal 2017-18 to Rs 722.61 crore as compared to Rs. 550.24 crore for fiscal 2016-17. The total revenue for HDFC AMC, grown 17.6 percent on YoY basis for FY17-18 to stand at Rs ₹1,867.24 crore vs. Rs. 1,587.91 crore for FY 16-17. HDFC AMC’s average assets under management was at Rs. 3 lakh crore in January-March 2018.

 

HDFC AMC has been a leader in the Indian mutual fund industry as demonstrated by leading position across key industry metrics. The AMC has been the most profitable asset management company in India in terms of net profits since Fiscal 2013, according to CRISIL. Also, the AUM of HDFC AMC has grown at a CAGR of more than 34% since Fiscal 2001. Read more

Lemon Tree Hotels Limited allots RS. 311 CRORE to 16 ANCHOR INVESTORS AT RS. 56 PER EQUITY SHARE

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

Lemon Tree Hotels Limited (the “Company” or the “Issuer”) has finalized the allocation of 55,643,820 Equity Shares at Rs. 56 (upper end) per Equity Share aggregating to Rs. 311 crore to 16 anchor investors.

The anchor list include:- SBI MAGNUM MONTHLY INCOME PLAN- 3.85% , SBI MAGNUM MULTIPLIER FUND-6.42%, SBI MAGNUM BALANCED FUND-10.55%, NS PARTNERS TRUST-3.21%,VANTAGETRUST III MASTER COLLECTIVE INVESTMENT FUNDS TRUST-5.12%,MIRAE ASSET INDIA SOLOMON EQUITY INVESTMENT TRUST 1-1.60%,MIRAE ASSET INDIA SECTOR LEADER EQUITY FUND-3.61%,INDUS INDIA FUND (MAURITIUS) LIMITED-3.75%, INDUS INDIA FUND (SV) LIMITED-2.50%, RBC ASIA PACIFIC EX-JAPAN EQUITY FUND-5.20%, LGT SELECT FUNDS – LGT SELECT EQUITY EMERGING MARKETS-3.21%, DB INTERNATIONAL (ASIA) LTD-12.61%, GEMEQUITY-3.21%, DORIC ASIA PACIFIC SMALL CAP (MAURITIUS) LIMITED-3.21%, NEW YORK STATE COMMON RETIREMENT FUND-3.21%, ABERDEEN ASIAN SMALLER COMPANIES INVESTMENT TRUST PLC-7.29%, ALPINE GLOBAL PREMIER PROPERTIES FUND-5.20%, ZAABA PAN ASIA MASTER FUND-2.08%, HDFC SMALL CAP FUND-8.33%, BNP PARIBAS ARBITRAGE-5.83% Read more

Nushrat Bharucha joins the 2018′s 100 crore actress club!

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

The 100 crore club is the official certification of being associated with a hit or commercially successful film. Very few actress get to be a part of this club however newbie Nushrat Bharucha is the new entrant to join the successful club of 100 crore actress as her film ” Sonu Ke Titu KI Sweety” not just grabed maximum eyeballs but also ensured maximum footfall at the theater. The film is still going strong and might just cross the 100 crore mark as well making Nushrat one of the rare newbie to boost of being part of a successful 100 crore film. An industry source said, “Sonu Ke Titu ki Sweety is a case in point that industry needs to put their money on all kinds of promising talent like her who showcase young, new age and relatable characters and who can also take the BO by storm.”

 

Well the success of the film and adulation that Nushrat’s character as Sweety has got only goes to show that the audience wants to see good content which they can connect with while still being inspirational. Read more

Sandhar Technologies Limited ALLOTS RS. 153.74 CRORE to 15 ANCHOR INVESTORS AT RS. 332 PER EQUITY SHARE

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

https://www.bseindia.com/markets/MarketInfo/DispNoticesNCirculars.aspx?page=20180316-30

Sandhar Technologies Limited  (the “Company” or the “Issuer”) has finalized the allocation of 46,30842 crore Equity Shares at Rs. 332 per Equity Share aggregating to Rs. 153.74 crore to 15 anchor investors.

 

The anchor investors include: DSP BLACKROCK SMALL CAP FUND – 7.15%;  ICICI PRUDENTIAL INDO ASIA EQUITY FUND – 2.38%; ICICI PRUDENTIAL VALUE FUND – SERIES 10 – 4.77%; HSBC GLOBAL INVESTMENT FUNDS – ASIA EX JAPAN EQUITY SMALLER COMPANIES – 7.15%; EASTSPRING INVESTMENTS INDIA CONSUMER EQUITY OPEN LIMITED -  7.15%; THE NOMURA TRUST AND BANKING CO., LTD. AS TRUSTEE OF NITM ASIA OPEN -  4.22%; ADITY BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE SMALL AND MIDCAP FUND – 7.15%; SBI EQUITY SAVINGS FUND -  5.20%; SBI RESURGENT INDIA OPPORTUNITIES SCHEME – 1.95%;  RELIANCE CAPITAL TRUSTEE CO LTD- A/C RELAINCE CAPITAL BUILDER FUND – SR C – 3.09%; RELIANCE CAPITAL TRUSTEE CO LTD- A/C RELAINCE CAPITAL BUILDER FUND – SR D – 1.30%; RELIANCE CAPITAL TRUSTEE CO LTD- A/C RELAINCE CAPITAL BUILDER FUND – 4 – SR B – 2.76%; UTI – TRANSPORTATION AND LOGISTICS FUND – 7.15%;  SUNDARAM MUTUAL FUND A/C SUNDARAM SMILE FUND – 7.15%; L AND T MUTUAL FUND TRUSTEE LIMITED – L AND T MID CAP FUND – 1.95%; L&T MUTUAL FUND TRUSTEE LIMITED – L&T EMERGING OPPORTUNITIES FUND – SERIES 1 – 5.20%;  IDFC TAX ADVANTAGE (ELSS) FUND – 5.20%; IDFC MUTUAL FUND A/C IDFC DYNAMIC EQUITY FUND – 1.95%; THELEME MASTER FUND LIMITED – 5.22%; VOLRADO VENTURE PARTNERS FUND II – 7.15%; and  AURIGIN MASTER FUND LIMITED – 4.72%. Read more

Organizations around the world waste Rs 6.5 crore every 20 seconds

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

The 2018 Pulse of the Profession®, a global survey conducted by Project Management Institute (PMI), reveals around Rs 6.5 crore is wasted every 20 seconds collectively by organizations around the globe due to the ineffective implementation of business strategy through poor project management practices. This equates to roughly Rs 1 lakh 28,000 crores wasted a year. The study shows that on average organizations globally waste 9.9 percent of every dollar due to poor project performance and India loses 8.1% of every dollar* invested by businesses, pointing to a significant opportunity to drive financial performance. (*Figures are U.S. dollar amounts, but represent a percentage that applies to any currency.)

 

Commenting on the report Mr. Raj Kalady, Managing Director, Project Management Institute India said, “A higher level of maturity of project management practices is seen in India in sectors viz. IT, automotive and financial services compared to capital-intensive sectors. The private sector also reports a higher level of induction of project management than the public sector. Of the total 40,000 certified professionals in India, 55% certified project managers belong to IT industry (Source: PMI January 2018). Hence, it comes as no surprise that the 2018 Pulse of the Profession® India results which has 34% respondents representing the IT industry shows a more positive outlook (less wastage) for the country compared to the global average. This is in spite of the fact that we keep hearing about time and cost delays in government and construction projects. However, increasingly, even public sector companies have started laying emphasis on training programs and strengthening their existing project management units and professionals.” Read more