INDIAN STREET PREMIER LEAGUE (ISPL) CO-OWNERS BID A RECORD INR 1165 CRORES FOR SIX CITY TEAMS

 

~ The “Invitation to Bid” saw an enthusiastic response from aspiring bidders with Srinagar garnering the highest bid of INR 251 cr. from SG Sports ~

MUMBAI, JANUARY 31, 2024 (NHM): The Indian Street Premier League (ISPL), India’s pioneering tennis ball T10 cricket tournament to be played inside a stadium, today announced the results of the ‘Invitation to Bid’ for Co-Owners of the six city teams. The enthusiastic response from bidders saw a record of INR 1165 cr. being bid for the six city teams with Akshay Kumar’s Team Srinagar garnering the highest bid of Rs.251 cr. from Mr. Sanjay Gupta & Mr. Rohan Gupta’s SG Sports Pvt. Ltd.

The other winning bids were Rs.225 cr. from Mr. Venkat K Narayana’s KVN Enterprises LLP for Hrithik Roshan’s Team Bangalore; Rs.205.6 cr. from Ms. Neeti Agrawal’s PATH India Ltd. for Amitabh Bachchan’s Team Mumbai; Rs.200 cr. from Mr. Irfan Razack’s INR Holdings for Ram Charan’s Team Hyderabad; Rs.163.6 cr. from Mr. Rajdipkumar Gupta & Mr. Sandipkumar Gupta for Suriya’s Team Chennai; and Rs.120 cr. from Ms. Aksha Kamboj’s Aspect Global Ventures Pvt. Ltd. for Saif Ali Khan and Kareena Kapoor’s Team Kolkata.

Master Blaster Sachin Tendulkar, Investor and Core Committee Member, ISPL said, “The Co-Owners will play an important part in realising ISPL’s core vision of encouraging and finding emerging cricketing talent through a professional league format with a tennis ball. I wish them all the best as they embark on this new association with the game!”

Ashish Shelar, Core Committee Member, ISPL said, "It is our privilege to welcome the Co-Owners to the ISPL family. I am sure that they will treasure the journey as we together transform the game of T10 cricket in India and take it to new heights!”

Amol Kale, Core Committee Member, ISPL said, “The enthusiastic response to the ‘Invitation to Bid’ has given us the confidence that the unique format of the ISPL T10 league, which brings together sports and entertainment, will attract a huge audience. We look forward to the new Co-Owners contributing to the success of the league!"

Suraj Samat, ISPL Commissioner said, "We are pleased to welcome the new Co-Owners on board the ISPL Cricket League. I can promise that every stakeholder, along with the superstar celebrity owners, is in for a spectacular cricketing experience that is the first of its kind in the country."

The “Invitation to Bid” (ITB) had a base price of INR 10 Lakhs and the final bids totalling to INR 1165.2 cr. are a testament to the strength of the format and its potential to create an exciting new brand in the world of cricket.

The inaugural edition of ISPL will see the first matches in the series being played between 6th to 15th March 2024 in Mumbai, bringing a twist of entertainment to the game of cricket! 

About the Indian Street Premier League (ISPL)

The Indian Street Premier League (ISPL) is India’s pioneering T10 cricket league played with a tennis ball inside a stadium. It aims to capture the essence and excitement of street cricket while providing a professional platform for undiscovered cricketing talent across the country. The league has teams owned by celebrities representing different cities in India. The teams compete in a format with matches that include a round-robin phase followed by playoffs. 

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Crompton recognized as India’s Best Managed Companies 2023 by Deloitte India for the second consecutive year

MUMBAI, 30^th JANUARY 2024, (NHM):  Crompton Greaves Consumer Electricals Ltd. has been honored as one of India’s Best Managed Companies 2023 by Deloitte India recognizing its consistent efforts to drive business excellence for the second consecutive year. India’s “Best Managed Companies” winners are amongst the best-in-class Indian companies demonstrating leadership in the areas of strategy, capabilities, innovation, culture, commitment, and financials to achieve sustainable growth. 

Talking about the company’s recent achievement, Promeet Ghosh, Managing Director & CEO - Crompton Greaves Consumer Electricals Ltd."We are immensely honored to be acknowledged by Deloitte as India’s “Best Managed Company”. As we embark on the Crompton 2.0 journey, we are poised to further accelerate our growth through investing in brand building, innovation, digitization & people capabilities while continuing our focus on manufacturing, supply chain & GTM excellence with digital transformation being an important enabler across the value chain.” 

He further added, Over the years Crompton has always stood for excellence in quality. This recognition reflects the collective efforts of our dedicated team at Crompton. It is the driving force behind our success. We will continue to invest in and nurture our people to ensure the sustained growth of our company." 

The Best Managed Companies is a marquee Deloitte programme that aims to celebrate and build a community of private businesses that are creating a better future. It is backed by a significant history of close to 30 years and a proven framework that has brought value to almost 1,300 private companies across 45 countries. 

Every year, hundreds of entrepreneurial companies across the globe undergo a rigorous application process, but only the best are awarded with the prestigious title of a ‘Best Managed Company’. Since 2021, the globally celebrated programme has been brought to India by Deloitte Touche Tohmatsu India LLP (Deloitte India). 

"The BMC 2023 honorees, emerging from a meticulous and comprehensive evaluation process, are more than just winners in a competition; they are pioneers redefining industry standards. Their leadership in adopting cutting-edge technologies, their commitment to sustainable practices, and their ability to navigate complex global markets have set them apart. These companies are not just driving economic growth; they are shaping the future of their respective industries, demonstrating that ethical practices and innovative strategies are key to long-term success in the rapidly evolving business world,” said K.R. Sekar, Partner, Deloitte India.Ends

Hindustan Pencils Inspires Young Minds at the 6th Krazy Kids Carnival hosted in Mumbai

MUMBAI, 28 JANUARY, 2024 (NHM)- Hindustan Pencils, a leader in the stationery industry and the driving force behind iconic brands like Apsara and Nataraj, had prepared to infuse the 6th Krazy Kids Karnival at Nesco grounds in Goregaon from 26th to 28th January 2024 with a wave of creativity. With an expansive stall, Hindustan Pencils aimed to enchant young minds through a variety of engaging activities and captivating product display

The stall was ingeniously divided into two zones, both promising a unique and entertaining experience. In the Art Zone, children had the opportunity to explore their artistic potential with Hindustan Pencil's extensive range of high-quality art materials. From vibrant colored pencils to innovative drawing tools, this space served as a haven for budding artists, fostering creativity and self-expression.

Kids were enchanted as they participated in the "Create Magic with Matt Magic" activity, crafting art and crafts with Matt Magic pencils. The Matt Magic Longest Shaving Contest promised friendly competition, showcasing skills in a fun and engaging manner. The elegant Absolute Pencil Stand was on display, a must-have accessory for every young artist.  

Pradip Ughade, President, Hindustan Pencils, said, “As we stepped into the vibrant world of the 6th Krazy Kids Karnival, we, at Hindustan Pencils, were delighted to ignite the spark of creativity that resides within every child. Apsara and Nataraj stood as testament to our commitment to fostering innovation and imagination. Through engaging activities and captivating displays, we invited families to join us on this journey of discovery and self-expression. At Hindustan Pencils, we believe in the power of creativity to shape young minds, and we were thrilled to be part of an event that celebrates the boundless potential of every child.”

Hindustan Pencils, with its rich legacy of inspiring generations, is committed to providing a platform for continuous engagement, entertainment, and education. The 6th Krazy Kids Karnival promised to be an unforgettable experience for children and families alike, as Hindustan Pencils ignites the spark of creativity in every young heart

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CREDAI-MCHI announces the 31st edition of India’s Largest Property Expo 2024 from January 26th to 28th at the Jio World Convention Centre, Mumbai

31st edition of CREDAI-MCHI Property Expo theme “Zero is our Hero” focuses on zero stamp duty & registration charges for all home sales at the expo.

MUMBAI, 23 JANUARY, 2024 (NHM): CREDAI-MCHI, the apex body of the real estate industry of the Mumbai Metropolitan Region (MMR) is thrilled to announce the 31st edition of India’s Largest Property Expo, scheduled to take place in Mumbai from January 26th to 28th, 2024. This year, the Expo propagates the theme "Zero is our Hero," featuring an unprecedented initiative of zero registration fees and zero stamp duty homes (terms & conditions apply). The 3-day event, to be held at the Jio World Convention Centre, Gate No. 20, BKC, from 10:30 am to 8:00 pm, promises to be a game-changer with over 1000 properties showcased by 100+ developers and 25+ home loan options.

The distinguished Shri. Eknath Shinde, Hon’ble Chief Minister of Maharashtra, will be inaugurating the expo on the 26th of January 2024 at Jio World Convention Centre adding prestige to this grand event. Furthermore, Shri. Devendra Fadnavis, Hon’ble Deputy Chief Minister of Maharashtra will be attending the event on January 27, followed by the presence of Shri. Ajit Pawar, the Hon’ble Deputy Chief Minister of Maharashtra, on January 28. HDFC Bank Home Loan and SBI Bank have come on board as partners making it a collaborative effort to make homeownership more accessible and affordable.

Mr. Domnic Romell, President of CREDAI-MCHI, while announcing the expo and sharing details during the press conference said, “These are exciting times for the real estate industry, especially for MMR. The presence of political dignitaries at the inauguration of the expo reflects the importance of the industry in the overall economic growth of the state. CREDAI-MCHI has been spearheading many initiatives to benefit the homebuyers, developers as well as the state. The theme of the expo for this year, “Zero is our Hero,” underscores our dedication to enhancing the accessibility and affordability of homeownership. The Expo offers an exclusive chance for potential homebuyers to discover an extensive array of properties and financing options, all conveniently available under one roof.”

Mr. Nikunj Sanghavi, Convener of the Exhibition, CREDAI-MCHI, shared his insights, “CREDAI-MCHI Property Expo is India’s biggest property expo bringing together all the stakeholders on one platform. We are hoping to make the 31st edition of the expo very special to not only our developers, and banking partners but also the home buyers and channel partners by offering an exciting range of offers during the three days. We aim to redefine the home buying experience and enable the ecosystem with tremendous support for growth opportunities. The Expo is not just a showcase of properties; it's a platform where developers and homebuyers come together to make dreams a reality. Additionally, CREDAI-MCHI is providing an extra 0.25% commission to channel partners for each confirmed booking as part of their Super CP 2024 scheme"

The Expo will feature prominent developers such as Piramal Realty, Adani Realty, Raymond Realty, Dosti Realty, Rustomjee Group, Ajmera Realty & Infra India, L&T, Veena Developers, Ashar Group, Jangid Group, Raghav Raj Builder and Developers, Puneet Group, Runwal Real Estate Pvt. Ltd., Atul Project, and UK Realty. Financial institutions such as HDFC, SBI, KANAI INFRA LLP, Tata Capital, Bank of Baroda, L&T Finance, ICICI Bank, LIC HFL, Axis Bank, Bank of Maharashtra, Bank of India, and Hinduja Housing Finance, among others, will also participate in the expo.

With a rich legacy of 30 successful editions, CREDAI-MCHI Property Expo stands as an esteemed platform for the Real Estate Industry to showcase their properties to genuine homebuyers. This event, widely recognized and trusted by homebuyers, offers a grand-scale B2C industry show to promote development projects and make a lasting impression on potential homebuyers.

ABOUT CREDAI-MCHI

CREDAI-MCHI is an apex body comprising members from the Real Estate Industry in the Mumbai Metropolitan Region (MMR). With an impressive membership of over 1800+ leading developers in MMR, CREDAI-MCHI has extended its reach throughout the region, establishing units in various locations such as Thane, Kalyan-Dombivli, Mira-Virar, Raigad, Navi Mumbai, Palghar-Boisar, Bhiwandi, Uran-Dronagiri, Shahapur-Murbad, and most recently in Alibag, Karjat-Khalapur-Khopoli, and Pen. Being the only Government-recognized body for private sector developers in MMR, CREDAI-MCHI is dedicated to promoting the industry’s organization and progress. 

As a part of CREDAI National, an apex body of 13000 developers across the nation, CREDAI-MCHI has emerged as a preferred platform for regional discussions on housing and habitat by establishing close and strong ties with the government. It is committed to breaking barriers to create a strong, organized, and progressive real estate sector in the MMR.The vision of CREDAI-MCHI is to empower the Real Estate fraternity of the Mumbai Metropolitan Region as it preserves, protects, and advances the right to housing for all. To continue being a trusted ally, guiding their members, supporting the Government on policy advocacy, and assisting those they serve through the ever-evolving real estate fraternity.Ends

Aura Art presents first-of-its-kind art show based on “Ramayana”

MUMBAI, 20 JANUARY, 2024 (NHM): ‘Maryada Purshottam RAM’ Show was inaugurated at Aura Art Gallery, Ground Floor, Unit No 4, TV Industrial Estate, Worli, Mumbai by Dr. Valsan Vethody (Consul General of Sri Lanka), Shri Prem Sagar (Producer, Cinematographer), Mr Nilesh Ganjwala (CEO, Innergize Solutions Pvt Ltd), Mr. Ram Yadav (Founder, Integrow Asset Management), Ekta Parekh (Architects), Mr Siddhant Issar (Actor), Ms. Sampade Vaze (Actor)

This rare group art show based on Ramayan, has 64 works of 24 artists; from master pieces capturing the essence of mythological narratives by Vasudeo Kamath, Suhas Bahulkar and Dr Sunil Vishwakarma to unique renditions by Ramesh Gorjala, Bolgum Nagesh Goud, Vinay Sharma and K Subhash, in their signature styles. The Show is also embellished by a 20 feet stunning painting by Ishwari Rawal, besides scenic paintings on Ayodhya by Anand Nairain and authorized prints of stills shot by Prem Sagar from the epic Ramayana serial. The Show goes on to include an interesting ensemble of paintings on Hanuman, by Anand Panchal, Yusuf, Ramesh Gujar, Tailor Srinivas, Siddhartha Sengupta, Shailesh Patel and sculptures by Pradeep Shinde. Last but not the least, the inclusion of our traditional art forms, presented in contemporary style, through their flag bearer artists like Mahaveer Swami - Miniature paintings, Vijay Joshi - Shahpura School Phad paintngs, Jayashree Patankar - Chitrakathi style paintings and Tanjore paintings, have added an interesting dimension to the show. As a cultural pivot, the Ramayana serves as a perennial inspiration for Literature, Art, and Performances, providing a rich source of creative stimulus and artistic expression. 

Contemporary adaptations and retellings facilitate the merging of creative interpretations across generations, ensuring that the stories of Ramayana and Lord Ram remain indelibly etched in the collective memories of the global populace. 

Aura Art is India's leading Art Promotion House, promoted by Mr. Daljit Singh Sethi and his sons Harmeet and Rishiraj, to fill the gaps in the Indian Art Industry - identifying and discovering value amongst the best of Indian art, utilising every available platform to promote art, assisting  art lovers in building and maintaining their collections, working closely with the design space to meet their aesthetic requirements with an aspiration to migrate to a fully Integrated Art House. After having organised more than 60 shows across the country over the last 15 years, Aura Art has recently launched its dedicated gallery space for display of art at Worli.Ends

Fonebox Retail Ltd to mobilise Rs. 20 crore from IPO in January 2024

AHMEDABAD, JANUARY 12, 2024 (NHM): Fonebox Retail Limited (The Company), a popular mobile and consumer durables retailer in Gujarat, today announced its plans to mobilise Rs. 20 crore through an Initial Public Offering (IPO) in January 2024. The IPO will comprise a fresh issue of 29,10,000 equity shares with a face value of Rs. 10/- each at book build price. Beeline Capital Advisors Private Limited is the Book Running Lead Manager, and KFIN Technologies Limited is the registrar of the issue. 

The Ahmedabad-based retailer operates a huge network of 153 multi-brand outlets under three brand names: Fonebox, Fonebook and MyMobile in more than 20 cities across Gujarat. Of the total stores, 40 are Company Owned and Company Operated (COCO model) stores and 113 stores are Franchise Owed and Company Operated (FOCO model). 

Fonebox Retail sells smartphones and allied accessories from manufacturers like Vivo, Apple, Samsung, Oppo, Realme, Nokia, Narzo, Redmi, Motorola, LG and Micromax. The company also offers consumer durable electronic goods like laptops, washing machines, smart TVs, air conditioners and refrigerators from popular brands, including TCL, Haier, Lloyd, Daikin, Voltas, Mi, Realme and OnePlus in its multi-brand stores across Gujarat.

The company intends to mobilise Rs. 20 crore from the proposed initial public offering and plans to utilise funds to meet working capital requirements, general corporate purposes and public issue expenses. Fonebox Retail plans to invest Rs. 13.5 crore to expand its retail store network to more cities in Gujarat. Apart from this, the company proposes to spend the remaining capital on acquiring land to build corporate headquarters, hiring human resources in marketing and technical departments, servicing repayment obligations under existing and future financing arrangements and funding future growth opportunities.  

Commenting on the company’s fund-raising plans, Mr. Manishbhai Girishbhai Patel, Chairman & Executive Director, Fonebox Retail Limited, said, “India is the second largest smartphone market in the world, and the number of mobile subscribers is set to cross 142 crore in 2024. We see a great opportunity for smartphones and the consumer electronic goods market as internet penetration rises and rural markets remain untapped. Following a phenomenal response from the customers, we intend to continue our retail store expansion across the state with the help of proceeds from the proposed IPO. Moreover, we are committed to delivering top-notch customer experience at all our stores.”

The company is promoted by a group of dynamic and experienced entrepreneurs – Manishbhai Girishbhai Patel, Jigar Lallubhai Desai, Parth Lallubhai Desai, Jigneshkumar Dashrathlal Parekh and Amitkumar Gopalbhai Patel. The retailer commenced its operations in February 2021 with the brand ‘Fonebox’, before acquiring retail store brands ‘Fonebook’ and ‘MyMobile’ in 2022. 

Fonebox Retail has partnered with leading financial institutions such as Bajaj Finance, HDB Financial Services, HDFC Bank and IDFC First Bank to provide credit/EMI facilities to its customers. The company also offers aftersales support to customers buying mobile handsets and tablets in its retail stores and franchisee outlets. 

The retailer posted a revenue of Rs. 140.22 crore and a profit (PAT) of Rs. 1.55 crore in the first half of the current financial year ending September 30, 2023. The company’s total revenue grew to Rs. 196.26 crore in FY2022-23, up from Rs. 90.92 crore in the previous financial year. In FY2022-23, Fonebox Retail reported a profit (PAT) of Rs. 1.59 crore, compared to Rs. 12.79 Lakh in FY2021-22.  

Rulka Electricals Limited secures multiple work orders worth Rs. 16 Crore

MUMBAI, JANUARY 12, 2024 (NHM): Rulka Electricals Limited (REL), a leading integrated electrical services company, has secured multiple work orders amounting to Rs. 16 crore from renowned companies in different sectors. These new work orders comprise electrical and firefighting projects in various states across India, including Maharashtra, Gujarat, Haryana, Tamil Nadu and Andhra Pradesh.

The Mumbai-based company is also planning to raise capital through an Initial Public Offering (IPO) to fund its growth opportunities in domestic and international markets. It has appointed Beeline Capital Advisors as the Book Running Lead Manager to the issue.

REL offers a wide range of services, including electrical solutions, electrical panels, firefighting systems, solar EPC contracts, turnkey electrical warehousing projects, electric commercial, industrial services, maintenance services, electrical contracting and data & voice cabling installation across the industrial sector, commercial, retail and theatre sector. It also undertakes Electrical & Fire contracting services for all types of industrial plants.

Speaking about the new orders and the company’s growth plans, Mr. Rupesh Laxman Kasavkar, Chairman and Managing Director, Rulka Electricals Limited, said, “We are delighted to begin the new year with a string of new work orders that demonstrate our commitment to quality of our work. We have been successful in retaining most of the clients, reflecting the great reputation we enjoy in the market. Furthermore, we are looking to scale up our business by venturing into different sectors in new markets, both international and domestic. We firmly believe that our experienced team of professionals combined with improved operational efficiency will help us propel into the next phase of our growth journey.”

Incorporated in 2013, REL is promoted by the entrepreneur duo Mr. Rupesh Laxman Kasavkar and Mr. Nitin Indrakumar Aher, both having over two decades of rich experience in the electrical domain. With extensive experience in site supervision and electrical project work, the promoters have been instrumental in shaping the company’s growth strategy.

REL posted a total revenue and profit (PAT) for the first half of the year ended September 30, 2023 at Rs. 36.44 crore and Rs. 3.05 crore. In the financial year 2022-23, the company registered a total income of Rs. 46.89 crore, compared to Rs. 36.27 crore in FY2021-22. The company earned a profit (PAT) of Rs. 2.80 crore FY2022-23, up from Rs. 1.12 crore in FY2021-22.

PM inaugurates Bharat Ratnam Mega CFC in SEEPZ Mumbai for gem & jewellery Industry

National, 12^th January, 2024 (NHM): Today signifies a momentous occasion as the esteemed Prime Minister, Shri Narendra Modi inaugurated the commencement of the Bharat Ratnam Mega CFC at the SEEPZ SEZ in Mumbai in virtual mode (remotely). This momentous event is a testament to the Government's commitment to driving innovation, economic growth, and technological advancement.

Bharat Ratnam Mega CFC is a Socio-economic project promoted by the Ministry of Commerce and Industry, GJEPC India and SEEPZ SEZ authority to drive exports from the country.

This project aims at creating a world-class infrastructure for promoting the inherent skills of the gems & jewellery manufacturing industry. The Mega Common Facilitation Centre provides a supportive and collaborative environment for entrepreneurs, MSMEs and small businesses to grow and thrive.

Bharat Ratnam CFC will house the cutting-edge equipment, including a 3D Metal printer. It will also provide training and skilling for artisans, including specially abled students. The Mega CFC will transform the export sector in the gem and jewellery trade and will also help the domestic manufacturing.

Vipul Shah, Chairman, GJEPC, said, “Salute to the Hon’ble Prime Minister Shri Narendra Modi for steering a remarkable era of development across all sectors. His visionary strides towards shaping a Viksit Bharat are not only evident in ground breaking policy reforms, but also in the development of infrastructure that promises to redefine the business landscape.

On behalf of the Indian gem and jewellery community, I extend heartfelt thanks to the Prime Minister for his forward-thinking approach. The government's steadfast support, exemplified by the establishment of the Mega CFC Bharat Ratnam in SEEPZ, Mumbai, lays a robust foundation for the industry's future growth. Mega CFC is integral to the industry's plan to double the SEZ export target from $7 billion to $15 billion, unlocking the untapped potential of around $30 billion.

“The Bharat Ratnam Mega CFC was conceptualised by GJEPC. The feasibility study and project report was done through National Productivity Council by GJEPC. The Project report was adopted by MoC and funded through SEEPZ. The implementation of the project was done under a Mega CFC Committee nominated by GJEPC along with SEEPZ Authority. GJEPC has signed an MoU to run and operate the Bharat Ratnam Mega CFC.”

The Mega CFC shines as a symbol of innovation, featuring cutting-edge technologies certified for carbon neutrality. It houses a dedicated Research & Development Centre, a Training & Skilling School for inclusive education, and versatile facilities for exhibitions and events. 

“The Prime Minister's commitment to this transformative vision is nothing short of inspiring, and we eagerly anticipate the flourishing journey that lies ahead for the gem and jewellery sector, driven by this visionary leadership. GJEPC will collaborate with SEEPZ and Government of India to transform the Gem and Jewellery industry,” Shah added.

Vipul further added, “Today, on the auspicious occasion of National Youth Day, dedicated to commemorating the birth anniversary of Swami Vivekananda, we seize the perfect moment to unveil Mega CFC, a monumental initiative poised to serve as a guiding light of inspiration for the youth and the forthcoming generation of professionals, directing them towards excellence in this industry.”

Rajesh Kumar Mishra, IRS Zonal Development Commissioner, SEEPZ-SEZ said, “I express by heartfelt gratitude to Hon’ble Prime Minster Shri Narendra Modi for initiating the step to transform the SEZs, which he has successfully started from SEEPZ Mumbai. This essential renovation and upgrade were timely necessities which will further boost gem and jewellery exports from our country. And the best part is Mega CFC facilities will be made available at a reasonable rate not only to SEEPZ-SEZ units but also to factories outside the zone which will improve the output in terms of quality, productivity and yield of the finished jewellery.”

C. P. S. Chauhan. IRS, Joint Development Commissioner, SEEPZ-SEZ, said, “After the Bhoomi Poojan on September 1st, 2022, the construction of the Mega CFC was completed within an astonishing 14-month period! This achievement illustrates the collaboration between the Government, GJEPC, and SEEPZ for their collective efforts in completing this project in record time. I firmly believe this marks just the beginning, and we can anticipate more such transformative projects supported by the government to reshape the landscape of SEEPZ.”

Kirit Bhansali, Vice Chairman, GJEPC, stated, “We are honoured and thrilled to witness the momentous occasion of the Honourable Prime Minister laying the foundation stone for NEST 1 and Bharat Ratnam at SEEPZ SEZ. The Gem & Jewellery sector comprises a maximum of MSMEs (Jewellery manufacturers and retailers) who have affordability constraints for the modern technology, research & development and skilled manpower. Mega CFC bridges this gap to maintain the competitiveness through the latest in 3-Ts (Technology, Techniques and Training) from across the globe at a single facilitation centre.”

“Bharat Ratnam is poised to become a game-changer, shaping the future of the industry providing a conducive environment for cutting-edge technology . Mega CFC provides and enables a smooth ‘ALL THINGS JEWELRY’ experience as whole, while facilitating various technical services involved in the jewelry making process under one roof”, added Mr. Bhansali

The company culture, innovative combination of services, state-of-the-art equipment, in-house talents and positive customer experience journey fosters customer loyalty making Mega CFC way unique.

Colin Shah, Head - Working Group, Bharat Ratnam, Mega CFC, commented, “Thanks to Hon’ble PM Shri Narendra Modi and Shri Piyush Goyal, for the backing this mega project. With their robust support, we are transforming the landscape by democratising access to cutting-edge technology. This will empower every individual to engage in jewellery manufacturing at the highest level. This 360-degree service model is designed to equip entrepreneurs with the necessary skills, connect them with global customers, and provide continuous learning through seminars.”

Bharat Ratnam is a well-structured layout, with the first three floors housing advanced technologies; the fourth floor is dedicated to training workers, with a special focus on creating opportunities for deaf and mute workers through partnerships with local NGOs. The fifth floor will be a hub for buyer-seller meets, fostering global connections, and the sixth floor will serve as a Convention Center for symposiums throughout the year, providing entrepreneurs with access to valuable knowledge and networking opportunities.

Cutting Edge Technical Services At Bharat Ratnam – Mega Common Facility Centre:

• CAD & CAD Rendering Services
• 3D Printing Services – Metal
• 3D Printing Services– Ceramic
• 3D Printing Services - Resin & Wax
• Casting Services (Gold, Platinum & Silver)
• CNC Services
• Refining Services (Gold, Platinum & Silver)
• Mass Finishing Services
• LGD Testing Services
• Hallmarking Services
• Colour Laser Engraving Services
• Micron Plating / Rhodium Plating Services
• Enamel / Coating Services
• LAB Testing Services including XRF
• Photography & Video Services
• Training & Skilling School

 

 

About The Gem and Jewellery Export Promotion Council (GJEPC)

The Gem & Jewellery Export Promotion Council (GJEPC), set up by the Ministry of Commerce, Government of India (GoI) in 1966, is one of several Export Promotion Councils (EPCs) launched by the Indian Government, to boost the country’s export thrust, when India’s post-Independence economy began making forays in the international markets. Since 1998, the GJEPC has been granted autonomous status. The GJEPC is the apex body of the gems & jewellery industry and today represents 8,800 members in the sector.  With headquarters in Mumbai, GJEPC has Regional Offices in New Delhi, Kolkata, Chennai, Surat and Jaipur, all of which are major centres for the industry. It thus has a wide reach and is able to have a closer interaction with members to serve them in a direct and more meaningful manner. Over the past decades, GJEPC has emerged as one of the most active EPCs and has continuously strived to both expand its reach and depth in its promotional activities as well as widen and increase services to its members.

Facebook: www.facebook.com/GJEPC
Instagram: www.instagram.com/gjepcindia
Youtube: www.youtube.com/gjepcindia

Twitter: www.twitter.com/GJEPCIndia 

 

 

 

CLOVE DENTAL UNLEASHES "TEETH HAVE FEELINGS TOO" CAMPAIGN, UNVEILING, THE SECRET LIVES OF TEETH WITH A CHEEKY TWIST

New Delhi, 11^th January 2024 (NHM):  Clove Dental, India’s largest dental chain, has officially launched their ground-breaking campaign, ‘Teeth have feelings too,’ unravelling the whimsical world of teeth with an uproarious and cheeky spin.

Imagine a realm where teeth don flamboyant costumes, strutting about in an all-pink set that represents the vivacious world of gums. This innovative campaign introduces human characters embodying teeth, shedding light on the clandestine drama unfolding behind the scenes due to the smallest oral neglect.

In a dental landscape saturated with functional communication, Clove Dental’s ‘Teeth have feelings too’ campaign takes a daring leap to provoke conversations about the unforeseen repercussions of poor oral health. The campaign seamlessly blends a distinctive spin, whimsical humor, and striking design to captivate audiences and defy the conventional norms of dental care advertising.

Renuka Dudeja, Head of Brand, at Clove Dental, expressed their enthusiasm, stating, “Clove Dental is already a household name, and to elevate our communication, we had to break free from the norm. Shifting away from purely technical messaging, adopting a quirky spin was the perfect way to stir conversation – and it seems our instincts were spot on!”

Samir Datar, Chief Strategy Officer of Crayons Advertising, the brains behind the campaign, emphasized the need to stand out in a crowded market. “In a sea of fear-inducing messages, bland offers, and generic smiles, we aimed to rise above the noise while staying rooted in the realities of dental care. This campaign presented a unique opportunity for us to do something exceptional, and we’re proud of the results it has delivered.”

“Teeth are akin to people. They harbour strong emotions and passionately communicate when neglected. What better way to accentuate these sentiments than by personifying them?” added Manoj Jacob, Executive Creative Director at Crayons.

The ‘Teeth have feelings too’ campaign is currently making waves across print, out-of-home, and digital platforms, with plans for further expansions to captivate and engage audiences on an even grander scale. Brace yourselves as Clove Dental invites everyone to dive into the vibrant and animated world where teeth take centre stage, proving that indeed, teeth have feelings too! Ends 

Konstelec Engineers Ltd aims to raise around Rs 25 crore from IPO on NSE Emerge

MUMBAI, JANUARY 8, 2023 (NHM) :  Konstelec Engineers Limited (The company or ‘KEL’), India’s leading electrical EPC services company, today announced its plans to raise approximately Rs. 25 crore from the Initial Public Offering to be launched in January 2024. 

The company aims to be listed on NSE Emerge. The Initial Public Offering will comprise a fresh issue of up to 41 lakh equity shares with a face value of Rs. 10/- each at book build price. Beeline Capital Advisors Private Limited is the Book Running Lead Manager, and Skyline Financial Services Private Limited is the registrar of the issue. 

 The Mumbai-headquartered EPC contractor specialises in delivering full-scale project management, procurement support and comprehensive engineering services for various electrical infrastructure, instrumentation and automation projects across India and abroad. 

Its services are applicable in several manufacturing industries, such as oil & gas, refinery, steel, cement, pharmaceuticals, textiles, hospitals, and health care, both domestically and internationally. 

KEL has a strong order book of over 50 major projects worth around Rs. 565 crore in order value that are in various phases of implementation. The company’s ongoing projects include electrical, construction power work and instrumentation work for leading corporates such as JSW Vijayanagar Metallics Ltd, Rajasthan Refinery Project, HRRL Pachpadra, Mangalore Terminal Expansion Project, Karnataka State and Benue Cement Plant in Nigeria. 

The company intends to utilise a majority of funds raised proceeds towards the working capital expenses for procuring high-quality products for its long-term projects and to provide collateral security to various clients. 

It will use the remaining funds for general corporate purposes and to meet public-issue expenses. 

Speaking about the company’s IPO plans, Mr. Biharilal Ravilal Shah, Chairman cum Managing Director of Konstelec Engineers Limited, said, “Our combined experience of over six decades in this space combined with the expertise of our exceptionally professional team has driven our business beyond boundaries. Our robust order book and long-standing client relationships demonstrate our dedication to delivering high-quality, safe and innovative solutions. We intend to use the proceeds from the IPO to meet working capital requirements for our long-term projects and efficiently carry on our operations in India and abroad.” 

In FY2022-23, KEL recorded a revenue from operations of Rs. 153.40 crore, up from Rs. 107.05 crore in FY2021-22. The company's EBITDA stood at Rs. 14.15 crore in FY2022-23, up from Rs. 5.84 crore in FY2021-22. KEL recorded over two-fold growth in profit (PAT) at Rs. 7.78 crore in FY2022-23, compared to Rs. 3.52 crore in FY2021-22. 

The company counts leading corporate conglomerates, including Reliance Industries Limited, Engineers India Limited, JSW Steel, Indian Oil, BPCL, HPCL, CPCL, MRPL, ISRO, ACC, BARC, Dangote Industries Limited, Adani, NTPC, Tata Steel Limited, Navin Fluorine International Ltd and IGPL among its clientele.Ends

Dr. Devendra Fadnavis Hon. Dy. CM and Shri Uday Samant, Hon. Minister of Industries, GoM inaugurates the largest ever event by GJEPC - The IIJS Signature & IGJME at BEC Goregaon

MUMBAI, 5th JANUARY 2024 (NHM): Gems & jewellery industry belongs to Mumbai as Mumbai accounts for 72% of the annual USD 37 bn of exports, proclaimed Dr. Devendra Fadnavis, Hon. Dy. Chief Minister of Maharashtra, while inaugurating the largest-ever IIJS Signature & IGJME 2024 twin Exhibitions organised by the Gem & Jewellery Export Promotion Council (GJEPC) at the Bombay Exhibition Centre, NESCO Goregaon. 

For the first time ever, the New Year’s first top-of-the-line design centric jewellery trade show IIJS Signature (India International Jewellery Show Signature) along with the India Gem & Jewellery Machinery Expo (IGJME) is being held at two venues in Mumbai: Bombay Exhibition Centre, NESCO, Goregaon (5-8 January)and JIO World Convention Centre, BKC (4-7 January).

Dr. Devendra Fadnavis was accompanied by Shri Uday Samant, Hon. Minister of Industries, Govt. of Maharashtra at the inauguration ceremony in the presence of Ms. Reshma Lakhani, Director General, DGEP; Mr. Paul Rowley, Executive Vice President, De Beers; Shri Sunil Nayak, CEO, Reliance Jewels; Mr. Vipul Shah  Chairman, GJEPC; Shri Kirit Bhansali, Vice Chairman, GJEPC; Shri Nirav Bhansali (Convener, National Exhibitions, GJEPC); Shri Sabyasachi Ray (ED, GJEPC), along with the doyens of international & Indian diamond, gem & jewellery sector. 

While speaking at the IIJS Signature, Dr. Fadnavis said, “Prime Minister Shri Narendra Modi ji has set a target of USD 75 bn for gem & jewellery exports by 2030. This will be possible with the pivotal role played by the apex body GJEPC, which has instrumental in making India one of the biggest international players in the global gems & jewellery industry. Maharashtra Government has worked closely with GJEPC to complete the new Common Facility Centre (CFC) at SEEPZ in just 17 months and this will allow gem & jewellery exporters especially MSMEs to have hassle free shipment, paper work and facilitate ease of doing business. Maharashtra Government and GJEPC have collaborated for the new India Gems & Jewellery Park at Navi Mumbai and this initiative will also help achieve export target. Jewellery Park will create new ecosystem in gems & jewellery industry wherein Maharashtra will preserve its status as ace exporter and set new records in gem & jewellery exports. Indian jewellery has been part of the global trade since time memorial not is just economic but also an emotional investment. As India prospers and economy and industry expands, Maharashtra will continue to make new investments. Maharashtra Govt. is working tirelessly to help gem & jewellery entrepreneurs in key parameters such as ease of doing business and cost of doing business. As Maharashtra targets to become USD 1 trillion economy, we shall continue to collaborate with GJEPC to create unique institutions such as the Bharat Diamond Bourse, which symbolises unique ecosystem. And whenever GJEPC wishes to create any new ecosystem, the natural and first choice has to be Maharashtra.”   

Maharashtra’s Industries Minister Uday Samant urges GJEPC to develop indigenous gem & jewellery industry in rural India. 

While thanking Dr. Devendra Fadnavis for his support and vision, Mr. Vipul Shah, Chairman, GJEPC, said, "Now, with the Jewellery Park coming up in Navi Mumbai with the support of Maharashtra Government, our industry is getting ready to bring in more investments from abroad. The Jewellery Park brings with it several government-backed advantages. It's a one-stop-shop with the Single Window Clearance for government approvals under the Maitri Policy, making processes smoother and faster. Additionally, the State Government has offered relief in power tariff and electricity charges, among other benefits. These initiatives significantly ease the path for businesses, ensuring efficiency and reducing operational costs, ultimately fostering a thriving environment within the park."

Talking about the mega CFC in SEEPZ, Mumbai, Shri Shah said, "GJEPC, with the support of the Ministry of Commerce and Industry has set up a Mega CFC at SEEPZ in Mumbai, which will be launched soon. This groundbreaking initiative aims to enhance the manufacturing capacity of the industry, foster technological advancements, and provide comprehensive skill development opportunities."

Shah said, “The Indian gem & jewellery industry shares our beloved Prime Minister’s dream of becoming a US dollars 5 trillion economy by 2030 and be a first world nation by 2047. To take part in that Sankalp to be Viksit Bharat, our goal is to reach USD 75 billion exports by the year 2030 and USD 100 billion by 2047. Maharashtra is already a big player in the Indian gem and I am sure that Maharashtra will continue to be leading exporters from the country as we set higher goals."

Mr. Paul Rowley, Executive VP, De Beers, said, “As seen here at IIJS Signature, India truly inspires and Indian entrepreneurship and their drive and passion is infectious. As India progresses towards becoming the largest economies of the world, massive infrastructure investment is changing face of country rapidly and supporting economic development, nurturing businesses and enhancing people’s lives. 

“India's sustainable growth provides optimum environment for business and facilitates innovation to shine. India’s fast growing global stature is the heartbeat of the new global economy. New exciting opportunities are emerging with industrialisation, urbanisation and consumption. The world is eyeing India’s affluent middle class segment of 30 mn households as potential customers.  This will lead to increased spending on fashion jewellery. The gem & jewellery industry in India is also maturing. 

The diverse & distinct worlds of natural diamonds and Lab Grown Diamonds (LGDs) have started to diverge. Natural diamond is unique miracle rare and breath-taking beauty. They symbolise precious enduring love ties across generations, deepest human emotions and the most profound connections humans could have – real diamonds are the most desired cherished and richly symbolic objects in the world. LGDs do not have the qualities or symbolism of natural real diamond. G7 sanctions are major concern to everyone in global trade and industry has to speak as one voice in a collective and collaborative way. Diamond industry is cyclical and the industry should be optimistic for the next wave.”

The 16th edition of GJEPC's IIJS Signature will witness 30,000+ visitors (including international buyers) from 800 Indian cities and 60 countries. The show boasts of 1,500+ exhibitors occupying 3,000+ stalls across a sprawling 1.25 lakh sq. mt. of exhibition area.

Shri Kirit Bhansali, Vice Chairman, GJEPC, requested Dr. Devendra Fadnavis to consider GJEPC’s plea of land for building residences for workers near the India Jewellery Park and first of its kind Gem & Jewellery University in the country. 

“The IIJS Signature show alone is set to enable a staggering Rs. 35,000 crore worth of business. When considering the collective impact of all three IIJS shows, the total business generated will amount to an impressive Rs. 1.25 lakh crore. This establishes the IIJS as a truly unparalleled platform within the global gems and jewellery industry, added Nirav Bhansali, Convener, National Exhibitions, GJEPC.

GJEPC has successfully enlisted the IIJS Signature 2024 Exhibition under the “Procurement and Marketing Support” scheme of the Ministry of MSME. The scheme provides financial assistance to micro and small enterprises for participating in domestic and international trade fairs and exhibitions. As a result, the eligible exhibitors can now avail themselves of a grant of ₹1.50 lakh each, which will help them cover costs and enhance their visibility and competitiveness in the global market.

 

Additionally, GJEPC has introduced a dedicated section for luxury connoisseurs and couture jewellery buyers called “The Select CLUB” at IIJS Signature 2024 in the Jio World Convention Centre. This exclusive section allows Couture jewellery manufacturers to showcase their extensive collection of high-end, exclusive jewellery designs to a curated audience.

 

About The Gem and Jewellery Export Promotion Council (GJEPC)

The Gem & Jewellery Export Promotion Council (GJEPC), set up by the Ministry of Commerce, Government of India (GoI) in 1966, is one of several Export Promotion Councils (EPCs) launched by the Indian Government, to boost the country’s export thrust, when India’s post-Independence economy began making forays in the international markets. Since 1998, the GJEPC has been granted autonomous status. The GJEPC is the apex body of the gems & jewellery industry and today around 9,600 members in the sector.  With headquarters in Mumbai, GJEPC has Regional Offices in New Delhi, Kolkata, Chennai, Surat and Jaipur, all of which are major centres for the industry. It thus has a wide reach and is able to have a closer interaction with members to serve them in a direct and more meaningful manner. Over the past decades, GJEPC has emerged as one of the most active EPCs and has continuously strived to both expand its reach and depth in its promotional activities as well as widen and increase services to its members.

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