बँक ऑफ बडोदाने जाहीर केले 31 डिसेंबर 2023 रोजी समाप्त तिमाहीचे आर्थिक निकाल

मुंबई, 1 फेब्रुवारी, 2024 (NHM): बँक ऑफ बडोदाने जाहीर केले Q3FY24 आर्थिक निकाल -

आर्थिक वर्ष 24च्या नऊमाहीत बीओबीने केली 38.2 टक्के एवढ्या दमदार वाढीची नोंद, निव्वळ नफा 12,902 कोटी रुपयांवर

ठळक वैशिष्ट्ये 31 डिसेंबर 2023 रोजी उपलब्ध आकडेवारीनुसार, जागतिक व्यवसायात 10.7 टक्क्यांनी वाढ होऊन तो 22,94,627 कोटी रुपयांवर पोहोचला आर्थिक वर्ष 24च्या तिसऱ्या तिमाहीतील (क्यू3) निव्वळ नफा 4,579 कोटी रुपये, मागील वर्षाच्या तुलनेत 18.8 टक्के वाढ तिमाहीतील मालमत्तेवरील परतावा (रिटर्न ऑन असेट्स अर्थात आरओए) 1.20 टक्के, आर्थिक वर्ष 24च्या नऊमाहीत आरओए 1.15 टक्के इक्विटीवरील परतावा (आरओई) मागील वर्षाच्या तुलनेत 168 बीपीएसने वाढून, आर्थिक वर्ष 24च्या नऊमाहीत 18.70 टक्क्यांवर नफाक्षमतेतील वाढीला निकोप कार्यात्मक उत्पन्नवाढीचा आधार मिळाला, आर्थिक वर्ष 24च्या नऊमाहीत मागील वर्षाच्या तुलनेत 18.8 टक्के वाढ आर्थिक वर्ष 24च्या नऊमाहीत व्याजेतर उत्पन्नात 1.5 पटींनी वाढ होऊन कार्यात्मक उत्पन्न वाढीला चालना मिळाली, हे उत्पन्न 10,304 कोटी रुपयांपर्यंत गेले उत्पन्नातील निकोप वाढीला ओपेक्समधील नियंत्रित वाढीची जोड मिळाल्यामुळे, आर्थिक वर्ष 24च्या नऊमाहीत, कार्यात्मक नफ्यामध्ये 21.7 टक्के एवढी निकोप वाढ झाली आर्थिक वर्ष 24च्या नऊमाहीत खर्च व उत्पन्नाचे गुणोत्तर मागील वर्षाच्या तुलनेत 123 बीपीएसने घटून 47.13 टक्क्यांवर आले जागतिक निव्वळ व्याज अंतरामध्ये (एनआयएम) सलग सुधारणा होऊन ते 3 बीपीएसने वाढले, आर्थिक वर्ष 24च्या तिसऱ्या तिमाहीत ते 3.10 टक्के होते, आर्थिक वर्ष 24च्या दुसऱ्या तिमाहीत ते 3.07 टक्के होते आर्थिक वर्ष 24च्या नऊमाहीतील निव्वळ व्याज अंतर (एनआयएम) 3.14 टक्के आहे बीओबीच्या असेट दर्जामध्ये लक्षणीय सुधारणा झाली असून, जीएनपीएमध्ये मागील वर्षाच्या तुलनेत 145 बीपीएसने कपात झाली आहे, आर्थिक वर्ष 23च्या तिसऱ्या तिमाहीत जीएनपीए 4.53 टक्के होते, ते आर्थिक वर्ष 24च्या तिमाहीत 3.08 टक्के झाले आहे बँकेचे एनएनपीए आर्थिक वर्ष 23च्या तिसऱ्या तिमाहीत 0.99 टक्के होते, त्यात 29 बीपीएसने घट होऊन आर्थिक वर्ष 24च्या तिसऱ्या तिमाहीत ते 0.70 टक्क्यांवर आले आहे बीओबीचा ताळेबंद, टीडब्ल्यूओसह 93.39 टक्के आणि टीडब्ल्यूओ वगळता 77.70 टक्के, एवढ्या निकोप तरतूद संरक्षण गुणोत्तरासह (पीसीआर), दमदार आहे आर्थिक वर्ष 24च्या नऊमाहीत पत खर्च 1 टक्क्यांहून कमी म्हणजेच 0.69 टक्का होता, तर या तिमाहीमध्ये तो 0.39 टक्का होता. 31 डिसेंबर 2023 रोजी उपलब्ध आकडेवारीनुसार, रोखता संरक्षण गुणोत्तर (एलसीआर) 133 टक्के एवढे निकोप होते बीओबीच्या जागतिक कर्जांमध्ये, आर्थिक वर्ष 24च्या तिसऱ्या तिमाहीत, मागील वर्षाच्या तुलनेत 13.6 टक्के वाढ झाली. रिटेल कर्जपुस्तिकेत झालेल्या दमदार वाढीमुळे जागतिक कर्जांमध्ये वाढ झाली. वाहनकर्ज (24.3 टक्के), गृहकर्ज (15.6 टक्के), व्यक्तिगत कर्ज (60.8 टक्के), तारणावरील (मॉर्गेज) कर्ज (10.5 टक्के), शैक्षणिक कर्ज (18.3 टक्के) आदी विभागांतील उत्तम वाढीमुळे, बँकेच्या ऑरगॅनिक रिटेल अॅडव्हान्सेसमध्ये 22 टक्क्यांनी वाढ झाली आहे.

नफाक्षमता

• बीओबीने आर्थिक वर्ष 24च्या तिसऱ्या तिमाहीत 4,579 कोटी रुपये एवढ्या स्टॅण्डअलोन निव्वळ नफ्याची नोंद केली. आर्थिक वर्ष 23च्या तिसऱ्या तिमाहीत हा आकडा 3,853 कोटी रुपये होता. आर्थिक वर्ष 24च्या नऊमाहीतील निव्वळ नफा 12,902 कोटी रुपये (+38.2 YoY) होता. आर्थिक वर्ष 23च्या नऊमाहीत तो 9,334 कोटी रुपये होता.
• आर्थिक वर्ष 24च्या तिसऱ्या तिमाहीत निव्वळ व्याज उत्पन्न (एनआयआय) मागील वर्षाच्या तुलनेत 2.6 टक्क्यांनी वाढून 11,101 कोटी रुपयांवर पोहोचले. आर्थिक वर्ष 24च्या नऊमाहीतील एनआयआयमध्ये  10.4 टक्के होऊन तो 32,929 कोटी रुपये झाला आहे.
• आर्थिक वर्ष 24च्या नऊमाहीत व्याजेतर उत्पन्न मागील वर्षाच्या तुलनेत 57.1 टक्क्यांनी वाढून 10,304 कोटी रुपये झाले आहे.
• जागतिक एनआयएमध्ये सलग सुधारणा होत आहे. आर्थिक वर्ष 24च्या तिसऱ्या तिमाहीत तो 3 बीपीएसने सुधारून 3.10 टक्के झाला आहे. आर्थिक वर्ष 24च्या नऊमाहीतील जागतिक एनआयएम 3.14 टक्के आहे.
• वित्तीय संस्थांना दिलेल्या आगाऊ रकमांवरील (अॅडव्हान्सेस) उत्पन्न आर्थिक वर्ष 24च्या तिसऱ्या तिमाहीत 8.51 टक्क्यांपर्यंत गेले आहे. आर्थिक वर्ष 23च्या तिसऱ्या तिमाहीत ते 7.78 टक्के होते.
• आर्थिक वर्ष 24च्या तिसऱ्या तिमाहीत ठेवींचा खर्च वाढून 4.96 टक्के झाला, आर्थिक वर्ष 23च्या तिसऱ्या तिमाहीमध्ये तो  4.01 टक्के होता.
• आर्थिक वर्ष 24च्या तिसऱ्या तिमाहीत कार्यात्मक उत्पन्न 13,912 कोटी रुपये होते. आर्थिक वर्ष 24च्या नऊमाहीतील कार्यात्मक उत्पन्न 43,233 कोटी रुपये होते. त्यामध्ये 18.8 टक्के वाढ झाली.
• आर्थिक वर्ष 24च्या तिसऱ्या तिमाहीत कार्यात्मक नफा 7,015 कोटी रुपये होता. (आर्थिक वर्ष 23च्या तिसऱ्या तिमाहीत एमटीएमचा प्रभाव वगळता, तिमाही कार्यात्मक नफा 7,482 कोटी होता, तर आर्थिक वर्ष 24च्या तिसऱ्या तिमाहीत तो 7,307 कोटी रुपये होता.)
• आर्थिक वर्ष 24च्या नऊमाहीत कार्यात्मक नफा 21.7 टक्क्यांनी वाढून 22,859 कोटी रुपये झाला.
• आर्थिक वर्ष 24च्या तिसऱ्या तिमाहीत उत्पन्न व खर्च ह्यांच्यातील गुणोत्तर 49.57 टक्के होते.
• आर्थिक वर्ष 24च्या तिसऱ्या तिमाहीत मालमत्तेवरील परतावा अर्थात आरओएमध्ये  (वार्षिक) सुधारणा होऊन तो 1.20 टक्के झाला. आर्थिक वर्ष 23च्या तिसऱ्या तिमाहीत तो 1.13 टक्के होता.
• इक्विटीवरील परतावा आर्थिक वर्ष 24च्या तिसऱ्या तिमाहीत 19.91 टक्के होता. आर्थिक वर्ष 24च्या नऊमाहीत, आरओईमध्ये मागील वर्षाच्या तुलनेत 168 बीपीएसने वाढ होऊन तो 18.70 टक्के झाला.
• एकत्रित घटक म्हणून, आर्थिक वर्ष 24च्या तिसऱ्या तिमाहीत निव्वळ नफा  4,789 कोटी रुपये होता, आर्थिक वर्ष 23च्या तिसऱ्या तिमाहीत हा आकडा 4,306 कोटी रुपये होता.

असेटचा दर्जा

• आर्थिक वर्ष 24 मध्ये एकूण एनपीए (बुडीतकर्जे) मागील वर्षाच्या तुलनेत 22.8 टक्क्यांनी घटून 32,318 कोटी रुपयांवर आला, तर एकूण एनपीए गुणोत्तर सुधारून 3.08 टक्के झाले, आर्थिक वर्ष 23च्या तिसऱ्या तिमाहीत ते 4.53 टक्के होते.
• बँकेचे निव्वळ एनपीए गुणोत्तर आर्थिक वर्ष 24च्या तिसऱ्या तिमाहीत अगदीच कमी म्हणजे 0.70 टक्का होते, आर्थिक वर्ष 23च्या तिसऱ्या तिमाहीत ते  0.99 टक्का होते.
• आर्थिक वर्ष 24च्या तिसऱ्या तिमाहीत बँकेचे तरतूद संरक्षण गुणोत्तर अर्थात पीसीआर टीडब्ल्यूओसह 99.39 टक्के, तर टीडब्ल्यूओ वगळता 77.70 टक्के होते.
• आर्थिक वर्ष 24च्या नऊमाहीत नवीन कर्जे बुडवले जाण्याचे प्रमाण (स्लिपेज रेशो) 1.06 टक्के होते, आर्थिक वर्ष 23च्या नऊमाहीत ते 1.22 टक्के होते. आर्थिक वर्ष 24च्या तिसऱ्या तिमाहीतील स्लिपेज रेशो 0.95 टक्का म्हणजेच 1 टक्क्याहून कमी होता. आर्थिक वर्ष 23च्या तिसऱ्या तिमाहीत स्लिपेज रेशो 1.05 टक्के होता.
• पतखर्च, आर्थिक वर्ष 24च्या तिसऱ्या तिमाहीत 0.39 टक्का, तर आर्थिक वर्ष 24च्या नऊमाहीत 0.69 टक्का होता.

भांडवल पर्याप्तता

• बँकेचा सीआरएआर डिसेंबर’23 मध्ये 14.72 टक्के होता. डिसेंबर’23मधील आकडेवारीनुसार, श्रेणी-I 12.67 टक्क्यांवर, (सीईटी-1 11.11 टक्के, एटी1 1.56 टक्के) आणि श्रेणी-II 2.05 टक्के होता.
• एकत्रित कंपनीचे सीआरएआर आणि सीईटी-1 अनुक्रमे  15.14 टक्क्यांवर व  11.62 टक्क्यांवर होते.
• रोखता संरक्षण गुणोत्तर (एलसीआर) एकत्रित निकषावर 133 टक्के होते.

व्यवसायाची कामगिरी

• बँकेचे जागतिक अॅडव्हान्सेस मागील वर्षाच्या तुलनेत 13.6 टक्क्यांनी वाढून 10,49,327 कोटी रुपये झाले.
• बँकेचे देशांतर्गत अॅडव्हान्सेस मागील वर्षाच्या तुलनेत 13.4 टक्क्यांनी वाढून 8,62,086 कोटी रुपयांवर गेले.
• जागतिक ठेवी मागील वर्षाच्या तुलनेत 8.3 टक्क्यांनी वाढून 12,45,300 कोटी रुपयांवर गेल्या.
• डिसेंबर’23 मधील आकडेवारीनुसार, देशांतर्गत ठेवी मागील वर्षाच्या तुलनेत 6.3 टक्क्यांनी वाढून 10,67,371 कोटी रुपयांवर गेल्या.
• डिसेंबर’23 मधील आकडेवारीनुसार, आंतरराष्ट्रीय ठेवींमध्ये गेल्या वर्षाच्या तुलनेत 22.1 टक्क्यांनी वाढ होऊन त्या 1,77,929 कोटी रुपयांवर गेल्या.
• वाहनकर्ज (24.3%), गृहकर्ज (15.6%),व्यक्तिगत कर्ज (60.8%), तारणावरील (मॉर्गेज) कर्ज (10.5%), शैक्षणिक कर्ज (18.3%) ह्या महत्त्वपूर्ण विभागांतील वाढीच्या जोरावर ऑरगॅनिक रिटेल अॅडव्हान्सेसमध्ये 22 टक्क्यांनी वाढ झाली.
• कृषीकर्जांचा पोर्टफोलिओ मागील वर्षाच्या तुलनेत 12.6 टक्क्यांनी वाढून 1,34,240 कोटी रुपयांवर पोहोचला आहे.
• सुवर्ण कर्जाचा एकूण पोर्टफोलिओ (रिटेल व कृषी कर्जांसह) 45,074 कोटी रुपयांवर पोहोचला असून, त्यात मागील वर्षाच्या तुलनेत 28.3 टक्के वाढ झाली आहे.
• ऑरगॅनिक एमएसएमई कर्जांचा पोर्टफोलिओ मागील वर्षाच्या तुलनेत 12.6 टक्क्यांनी वाढून 1,15,995 कोटी रुपयांवर पोहोचला आहे.
• कॉर्पोरेट अॅडव्हान्सेसमध्ये मागील वर्षाच्या तुलनेत 10.2 टक्के वाढ होऊन ते 3,62,813 कोटी रुपये झाले आहेत.

 

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.