‘Sasarwadi’ Explore the food culture of Maharashtra at CBD Belapur, Navi Mumbai

MUMBAI, 26 OCTOBER, 2023 (NHM): A new restaurant Sasarwadi has opened in sector- 11, CBD Belapur, Navi Mumbai. The word Sasarwadi means to visit the in-laws' family. The name of the restaurant came as it is said that nobody treats you well like your in-laws especially with food and hospitality. This "Sasarwadi" was recently inaugurated by the famous actress Prajakta Mali. 

Adv. Sonali Dhamanikar has started a restaurant called "Sasarwadi" at CBD Belapur and she says that her dream of opening a restaurant of Maharashtrian culture has finally come true. Speaking on the occasion Sonali Dhamanikar said, “ I am super happy to see my dream become reality. My main motto with this place is to feed people authentic Maharashtrian food from all areas of the state. Usually when we go to other restaurants we do not find pure and authentic Maharashtrian food. I want people to come here and see how food is made in a typical marathi family and get to know more about our food culture. Being a foodie myself I will make sure that people enjoy the meals served here.”

Prajakta Mali while visiting the place mentioned, “I am a pure Vegetarian. My favourite cuisine is the Maharshtrian cuisine like Massvadi, Puranpoli, Srikhand Puri, Pitthale Bhakari. I am too excited to taste the food served here. Food lovers must visit here & taste the Maharashtrian Dishes”

'Sasarwadi' includes traditional dishes from Maharashtra like Zhunka Bhakari, Pithla Bhakari, Massvadi Rassa, Puran Poli, Shrikhand Puri, Bharli Vangi, Phodniche Varan, Katachi Aamti, God Shira, Kande Pohe, Misal Pav, Sabudana Khichadi, Puri Bhaji, Kothimbir Vadi.Ends

FUEL Felicitates 90 Underprivileged Girl Students with Scholarships on its 17th Foundation Day

• The distinguished presence of Shri Rahul Narvekar, the Honorable Speaker of the Maharashtra Legislative Assembly, graced the felicitation ceremony. 

• Industry Leaders and policymakers congregate for the Future Skills Summit at FUEL's 17th Foundation Day Celebration 

PUNE 9th OCTOBER, 2023 (NHM): FUEL, a non-profit organization dedicated to empowering marginalized youth, celebrated its 17th Foundation Day in Pune, reaffirming its commitment to uplift underprivileged communities. The event featured engaging activities and included the awarding of scholarships to 90 unprivileged female students, showcasing FUEL's dedication to improving lives through skill development and vocational training. Eminent personalities, policymakers, industry leaders, and government delegates were present at the momentous occasion.

The main highlight of the celebration was the Future Skills Summit. The summit was graced by renowned industry leaders and policymakers. The summit delved into future skills, talent acquisition, and innovation in CSR in education and skill development. Notable guests included Hon’ble Speaker of Maharashtra Legislative Assembly Shri Rahul Narvekar, Social Worker and Corporator BMC,  Harshita Narvekar, Vice-President Hitachi Air Conditioning India, Col. Rajesh Ohol, Vice President Corporate Communications Bajaj Group, Sanjay Ojha, Director-International Business Serum Institute of India, Parag Deshmukh, Chief Sustainability Officer LTI Mindtree, Paneesh Rao, Founder and Chairman of FUEL, and FUEL Business School (FBS), Ketan Deshpande and Santhosh Huralikoppi, Chief Mentor at FUEL.

The foundation day featured various programs, including a touching ceremony where 90 deserving female students from underprivileged backgrounds were awarded scholarships. These scholarships were part of an MoU between FUEL, LTI Mindtree, and the Oracle Scholarship Program, specifically for female PGDM students at FUEL Business School (FBS). The goal is to empower these students for higher education and promising careers. The event also included the unveiling of "FUEL Hope Stories," a book showcasing the perseverance of FUEL students, and the launch of the Saksham Digital Skill Program. This program equips student leaders with essential skills like computer literacy, coding, data analysis, online communication, cybersecurity, and proficiency with digital tools and software applications. 

The guest of honor Shri Rahul Narvekar, Honorable Speaker, Maharashtra Legislative Assembly said, " On FUEL's 17th Foundation Day, I congratulate Ketan Deshpande and the entire team for their outstanding work in empowering underprivileged youth through skill development, training, and scholarships. Their commitment to social progress, evidenced by collaborations with major MNCs and NITI Ayog, is commendable. Providing over 1 million career counseling sessions has been pivotal in guiding countless individuals toward meaningful careers. I extend my best wishes for continued success as FUEL enters a new phase with its university campus.

The Host Mr. Ketan Deshpande, Founder and Chairman of FUEL and FUEL Business School Said, “On our 17th Foundation Day, I'm proud to acknowledge progress in supporting underprivileged students. While witnessing positive outcomes is gratifying, I recognize more must be done. The ongoing success of our mission to empower every student relies on unwavering support from stakeholders. Together, we must continue striving for our goal, ensuring no student is left behind in their pursuit of knowledge and empowerment. We have envisioned a future with equal access to career opportunities for every student, achieved through proactive initiatives like endowment scholarships, volunteer-guided internships, blended learning, and collaboration with social organizations for on-the-ground implementation. 

FUEL has  a big influence on over 45,976 girl students since 2007 by emphasizing education, employability, and empowerment. The organization has played a crucial role in enhancing skills and employability among underprivileged populations across states. With a track record of providing education, granting 10,000+ scholarships, and equipping over 98,667 individuals with skills, FUEL has facilitated placements for 62,753+ youths in diverse careers, supported 350 entrepreneurs, and conducted 1 million career counseling sessions. FUEL's Career EduConnect initiative targets students from Class 7 to Class 12, offering insights into education and career paths to address unemployment. The organization provides courses in Digital Marketing, Artificial Intelligence, Internet of Things, and 3D Printing, empowering marginalized communities for improved employability.Ends

Solo exhibition of paintings titled 'DESIRE & DIVINITY' by Puja Aggarwal being hosted at Nehru Centre Art gallery, Worli, Mumbai, From 10th to 16th Oct, 2023

MUMBAI, 9th OCTOBER, 2023 (NHM): Puja Aggarwal’s exhibition of Oil Paintings at Nehru Center Art Gallery, Discovery of India Building, Dr. Annie Besant Road, Worli, Mumbai from 10th to 16th Oct, 2023. 11 am to 7pm is must visit as it is a manifestation of the brilliance that is Indian Contemporary Art. Her works are a breath of fresh air in the creative world of Mumbai.

A resident of Mumbai for 8 years, this is her first solo exhibition of oil paintings & sketches in Mumbai, having held exhibitions in Delhi before. An MBA by education, her first love is Art. Though she worked in a Management Consultancy, she preferred to follow her heart and preferred to have a brush in hand. 

Training at Triveni Kala Sangam under the guidance of Mr. Rameshwar Broota, provided the perfect mold for her creativity. Art helped to deeply feel and understand the shades of life. 

The process of creativity in her works calls for an exploration of the subconscious mind. The artist dives within and comes out with fascinating images of life with its realities and mysteries. Nature inspires her. It moves to peace and stillness and also moves the mind to a journey of inner experiences. 

Art has grown, imposed itself & acquired an immediacy of expression in her life. The concerns and explorations of the myriad colors of human life continue……

The exhibition brings out the essential duality of the journey of desire & with it, its realities and illusions. The paintings force you to explore your inner self and spur you to a spiritual journey of love, desire & divinity. They are not mere imageries, but reveal the higher realms of consciousness, tranquility & eternal peace. 

The expression of beauty in one’s life moves in goodness and love towards the infinite. You come a full circle, you find it in your soul and in your present. The journey of life continues in time and space, in joys and sorrows. it stops, congests, retains & you continue……

Artist: Puja Aggarwal.  Mob. 9004043989 Email: aggarwalpuja16@gmail.com

PICHWAI: एकम भगवान अनेक अवतार Traditional Indian paintings, Miniature by Rajasthan Best Awarded Artist M. B. Sharma At Jehangir Art Gallery, Kala Ghoda From 9th to 15th Oct, 2023

MUMBAI, 8th OCTOBER, 2023 (NHM):  The Jehangir Art Gallery in Mumbai is showcasing an exclusive collection of Pichwai art of Mewar (Rajasthan) by the renowned artist and Rajasthan State Best Artist Awardee Mr. Mukesh Bhanwarlal Sharma, from B. G. Sharma Studio Arts, Udaipur.

Mr. M. B. Sharma, an ardent disciple and son of Shri. B. G. Sharma is solely responsible for carrying forward the legacy of his father. With more than 50 years of experience in traditional style of art, Mr. Sharma has developed a set of paintings in various traditional school of art, Pichhwai being the most popular amongst them. He is the Master trainer at the B. G. Studio Arts where he imparts his knowledge to the students on the lines of the B. G. Sharma style of painting. His collection of paintings at the B. G. Sharma Studio Arts is an asset and a sight to behold. He believes in the Gandhian principle of ‘Simple living, High thinking’ which is very well reflected in his style.

The exhibition at Jehangir Art Gallery was inaugurated by Shri Rajendra Patil (President of The Bombay Art Society, Founder & Managing director, India Art Festival and Editor of Indian Contemporary Art Journal) on October 9, 2023 and will be open for the art lovers till October 15, 2023.

Pichhwai, a sub-style of Nathdwara style (Mewar School of painting), is a traditional art form in which the painting is made on a cotton cloth. The subjects are mainly focused on Shreenath Ji (Child form of Shree Krishna) and Krishna Leela like Radha-Krishna Jhula, Radha Krishna with cows, Krishna and Gopis, Gita Updesh, Gau Prem etc, Another intriguing feature of Mr. Sharma’s style is the use of natural colours extracted from semi precious stones, use of real gold and silver which makes these paintings long-lasting, all the more attractive and one of a kind. Hence, do not miss the opportunity to witness the masterpiece Pichhwai art in its purest form at Jehangir Art Gallery, Kala Ghoda from 9th to 15th October, 2023 from 11 am to 7 pm.Ends

Vibhor Steel Tubes files draft papers with Sebi to raise Rs 66.47 crore via IPO

MUMBAI, 5th OCTOBER, 2023 (NHM): Vibhor Steel Tubes, the two-decade-old manufacturer of steel pipes and tube products, has filed preliminary papers with the capital markets regulator Sebi to raise Rs 66.47 crore via an initial public offering (IPO). 

The offer consists of only a fresh issue by the company and there is no offer-for-sale component. The company will utilise net fresh issue proceeds mainly for working capital. The company’s offering comprises a fresh issue of equity shares (face value Rs. 10 each), aggregating to an issue size of up to Rs. 66.47 crore, through book-building route. There will be no Offer for Sale component. 

The company will utilise net fresh issue proceeds mainly for working capital requirements of Rs 55 crore, and the remaining for general corporate purposes. The company has appointed Khambatta Securities Limited as Lead Manager to the Issue and KFIN Technologies Limited as the Registrar to the Issue. 

The company will utilise its net proceeds from the issue to fund its working capital requirements. The company’s equity shares are proposed to be listed on the NSE and BSE. The company will utilise net fresh issue proceeds mainly for working capital requirements of Rs 55 crore, and the remaining for general corporate purposes. 

The company has appointed Khambatta Securities Limited as Lead Manager to the Issue and KFIN Technologies Limited as the Registrar to the Issue. The company will utilise its net proceeds from the issue to fund its working capital requirements. The company’s equity shares are proposed to be listed on the NSE and BSE. VSTL manufactures steel products such as Electric Resistance Welded Pipes, Hot-dipped Galvanized Pipes, Hollow section pipes, Primer painted pipes, SS Pipes and Crash Barriers at its plants located in Maharashtra, Telangana and Haryana with a total capacity of 2,23,160 MTPA. 

The company supplies its products to western and southern market companies in Maharashtra, Gujarat, Madhya Pradesh, Telangana, Karnataka and Tamil Nadu. 

Commenting on this, Vijay Kaushik, Chairman and Executive Director, Vibhor Steel Tubes Limited, said, “Our consistent efforts in manufacturing and supplying the best quality steel products over the years have paid off in the form of satisfied clientele across India. As we are all set to explore new opportunities and geographies for our products and strengthen our supply chains, we are raising funds through IPO. In an industry laden with unstable policy regimes, we have successfully built the product line and have been part of the domestic manufacturing narrative for a while now.” The company has mapped out business plans to expand its operations by setting up a manufacturing unit with a capacity of 1,20,000 MTPA in Orissa and expanding the current unit’s capacity in Telangana from 96,000 MTPA to 1,52,000 MTPA. VSTL has also entered into an agreement with Jindal Pipes Limited in April 2023. As part of the agreement, the company manufactures and supplies finished goods worth 1,00,000 MTPA to “Jindal Pipes Limited, which sells the products under the brand name “Jindal Star”. 

The company’s total revenue for FY23 stood at Rs. 1,112.11 crore compared to Rs. 817.99 crore in FY22. Its EBIDTA for FY23 was Rs. 46.84 crore, compared to Rs. 30.18 crore in FY22. The company’s PAT was 21.06 crore in FY23, compared to Rs. 11.33 crore in FY22. In the last five years, finished steel production has grown at a CAGR of 4.8% to 122 MT in FY23 from 101 MT in FY19. 

The production growth has been backed by a rise in domestic steel consumption on account of growing economic activities in the country, supported by an increase in infrastructure and construction spending by the government and a rise in automobile and consumer durable demand, among others. During YTD FY24, finished steel production grew by 13.4% on a y-o-y basis, backed by strong demand in the domestic market.Ends

Manappuram Finance arm Asirvad Micro Finance files IPO DRHP with SEBI, to raise ₹1,500 crore via fresh equity shares

MUMBAI, 5th OCTOBER, 2023 (NHM/ Babita P.M): Asirvad Micro Finance, a subsidiary of Manappuram Finance has filed Draft Red Herring Prospectus (DHRP) with the Securities and Exchange Board of India (SEBI) on October 5, the company informed the exchanges. 

The proposed initial public offering (IPO) of equity shares would be undertaken at face value of ₹10 each, comprising fresh issue up to ₹1,500 crore, as per the exchange upload. Founded in 2008 by SV Raja Vaidyanathan, Asirvad was taken over by Manappuram in February 2015 for ₹48.63 crore. The V P Nandakumar-led company first bought 71 percent stake which was later increased to 95 percent and the rest is with the founder Vaidyanathan.

As per the company website, its beneficiaries were women folk, with poor and low-income group, who were supplied ‘Income Generating Product’ Loans to "achieve and maintain" financial stability. In 2021, the company raised $15 million loan from US-based WorldBusiness Capital. 

Asirvad said it would use the funds to expand its business of providing small loans to low-income women business owners in rural areas to start and expand their income-generating business. 

It now stands with 10,000 crore of assets under management (AUM) by serving 3 million customers spread across all over India, the website states. Manappuram Finance is an India-based non-banking financial company (NBFC). 

The stock opened at ₹144.75. At 9.30 am it was up 2.22 percent to ₹145.05. The Company provides credit services to people belonging to the lower socio-economic classes, particularly in rural and semi-urban areas of India. Its segments include Gold loan and others, and Micro Finance. 

The Company offers a range of retail credit products and financial services. It has a diversified lending portfolio encompassing retail, microfinance, small and medium-sized enterprises (SME) and commercial customers.Ends

Polymatech Electronics Limited files DRHP for Rs 750 crore IPO

MUMBAI, 5th OCTOBER, 2023 (NHM): India’s first semiconductor chips manufacturer Polymatech Electronics is planning for a stock market listing. 

The company, established in 2007, on Wednesday sought capital markets regulator SEBI’s approval for the initial public offer (IPO). The equity shares are proposed to be listed on both the BSE and NSE. 

Current shareholding in the company is such that Eswara Rao Nandam holds 3.3 crore equity shares of the company, making up 41.56 per cent stake. 38.07 per cent stake is held by Uma Nandam. 

The average cost of acquisition of the company's equity shares by the Promoters as at the date of DRHP was Rs 0.20. The company shared that it has received ‘in-principle’ approvals from both the stock exchanges for the listing of equity shares. 

The designated stock exchange will be the National Stock Exchange. Link Intime India Private Limited will serve as the Registrar to the Issue. 

Polymatech Electronics’ net worth, for the financial year ending on March 31, 2023, was Rs 318 crore, up over four times from FY22. Its revenue from operations came in at Rs 649 crore and profit for the year was Rs 167 crore.