First chapter of ‘We Made in India – 2024’ brings to focus India’s entrepreneurship growth and economic progress over the last decade

 Mumbai (April 18, 2024): The simplification of regulations and the focus on ease of doing business have created a conducive environment for entrepreneurship to thrive, leading to remarkable improvements in India's rankings in world business, Shri Amitabh Kant, former CEO of Niti Aayog and an esteemed G20 ‘Sherpa’ of India during her Presidency year said during his keynote address at the first chapter of the “We Made in India – 2024’ series at JW Marriott Mumbai Sahar on Thursday, April 18, 2004. The event was organized by Liqvd Asia and Demostar, in association with the Internet and Mobile Association of India (IAMAI). 

“The digital revolution sweeping across India has brought about profound changes, with initiatives like Aadhaar-linked bank accounts facilitating fast and secure transactions on an unprecedented scale. India saw 500 million bank accounts linked to Aadhar and mobile numbers, enabling rapid payments. Today, 135 billion transactions occur annually, with 46% being real-time. Surpassing China, India leads in automatic debit and credit, streamlining transactions without the need for wallets. This shift signifies a remarkable leapfrogging in technology, empowering every individual with a digital identity and facilitating seamless financial interactions,” Shri Amitabh Kant added.

Shri Kant, who was the keynote speaker at the event also spoke on Start-Ups and the penetration of Apps. “The proliferation of startups leveraging technology for financial inclusion, stock market access, and insurance penetration is reshaping India's economic landscape, especially in rural areas. Apps like Zeroda and Upstock democratize stock trading in Tier 1 and 2 cities. Rural India embraces wealth creation via mobile stock market transactions. There are Apps that have revolutionized insurance access in Tier 2 and 3 cities, reducing processing time to just 1 minute. India's transaction costs plummeted from US$ 50 to less than a dollar due to mobile-based operations, reducing paperwork and identity establishment expenses, and fostering widespread accessibility and affordability in financial transactions,” he said. 

Shri Kant also held a separate meeting with several founders and co-founders present at the event. Playing the usual role of a problem-solver for Indian start-ups, he took note of the challenges they faced pertaining to enhancing the ease of doing business and promised to resolve the issues raised by the industry captains in a time-bound manner. 

India has embarked on her ‘Make in India, Make for World’ mission and results have already started emerging. According to the 2022-23 export data, Indian exports stood at US$ 762 billion. Of this, US$ 453 billion came from manufactured goods. ‘We Made in India – 2024’ aims to harness the spirit of resilience and innovation that defines the great Indian DNA, fostering a platform for ambitious entrepreneurs and enterprises to exchange knowledge, inspire critical thinking and unlock potential.   

‘We Made in India’ will finally emerge into a progressive, multi-city intellectual property, championing the new age of India. 

“India's consumer-driven economy makes it the only recession-proof country in the world. The country's projected trajectory to a $7 trillion economy by 2030 underscores its potential as a powerhouse of economic growth. Apple reports one-third product of its global sales are manufactured in Foxconn's Chennai factory. Volkswagen exports roughly 2 million cars worldwide. Oracle employs 80,000 people in India for open-source databases. Now, India is the market for global players.  India advances semiconductor production, shaping future tech landscapes. JP Morgan emphasizes the necessity of an Indian market strategy, stating that If you don’t have an Indian Strategy then you don’t have a strategy. A chip-making company currently said that 30% of their products cater to the Indian market. Leveraging this data, tools manufactured in India are set to revolutionize industries, reflecting India's potential as a strategic business destination,” said Shri Anuj Gupta, CEO and director, Hitachi Systems, India. 

“Moreover, India's significance in artificial intelligence (AI) and data analytics is increasingly being recognized globally. With vast amounts of data and a growing talent pool, India is poised to play a pivotal role in shaping the future of AI and driving innovation in this field,” he added.

Shri Harsh Jain, CEO and co-founder, Dream Sports (Dream11) and chairman, IAMAI, spoke on the transformation that is taking place across India’s business landscape. “The blend of old-school and new-school philosophies in leadership and business approaches is fascinating, showcasing India's ability to adapt and innovate. It's interesting to note the changing attitudes of Indians who have studied abroad, with many now considering returning home due to the abundance of opportunities in India's growing economy. The shift from a brain drain to a brain gain scenario speaks volumes about India's potential for the future. The ecosystem supporting Start-ups, from venture capital to private equity, is crucial in nurturing innovation and growth. With a growing number of companies reinvesting in other Start-ups, India's entrepreneurial spirit seems to be creating a self-sustaining cycle of innovation and prosperity,” he said.

Shri Arnab Mitra, CEO and founder, Digiboxx, highlighted the importance of digital security. “We've developed a comprehensive mobile application for data storage, eliminating the need for multiple apps and platforms. With a focus on data sovereignty, all information remains within the country. Our solution integrates with various devices and partners, offering affordable software tailored to the Indian audience. By incorporating global best practices, we aim to streamline digital storage, fostering connectivity among Indians worldwide. This innovative technology unifies data management, facilitating seamless access and sharing while prioritizing security and accessibility for users across the nation,” he said.

About Internet and Mobile Association of India 

The Internet and Mobile Association of India (IAMAI) is a not-for-profit industry body (Trust), registered under the Societies Registration Act 1860. With 540 members, including Indian and multinational corporations, as well as start-ups, IAMAI has been instrumental in shaping India’s digital economy. IAMAI advocates free and fair competition, and progressive and enabling laws for businesses as well as for consumers. The overarching objective of IAMAI is to ensure the progress of the internet and the digital economy. Its major areas of activities are public policy and advocacy, business to business conferences, research, promotion of start-ups and promotion of consumer trust and safety.

About LIQVD ASIA 

LIQVD ASIA is a fearless, digital-first, all service agency that’s always up to something. Founded in 2013 we want to dissolve the boundaries set by traditional digital marketing companies, by infusing a culture that reflects a bold, provocative and energetic creative spirit. With a HQ in Mumbai and an extended geographic footprint in Gurugram, Bengaluru and Kolkata, we are motivated to make our mark with every interaction and action.

Speciality Fine Chemicals Company, Kronox Lab Sciences gets SEBI nod to float IPO

 Vadodara based Kronox Lab Sciences (“Kronox” or “Company”), manufacturer of high-purity speciality fine chemicals, has received capital markets regulator Sebi's nod to launch Initial Public Offering (IPO). 

Under the Offer for Sale, up to 96 lakhs equity shares will be offloaded jointly by the promoters namely Jogindersingh Jaswal, Ketan Ramani and Pritesh Ramani. The offer represents upto 26 per cent of the paid-up equity share capital of Kronox Lab Sciences.

Kronox’s High Purity Speciality Fine Chemicals portfolio has more than 185 products. The products are used mainly for applications across pharmaceuticals, nutraceuticals, biotech, food, animal health, scientific research, agrochemicals, personal care, amongst others. Kronox exports to more than 20 countries with major exports to USA, United Kingdom, Mexico, Australia, Egypt.

The Company has 3 manufacturing facilities and Research, Development and Testing (“RDT”) laboratory, situated in Vadodara, Gujarat. Additionally, the Company has acquired land at Dahej, Gujarat to set up a new manufacturing plant. The Company has more than 120 products under various phases of research and development.

Completely debt free business, Kronox works at more than 15% Post tax profit margin. Interestingly, Kronox has a formidable track record of two buy backs and a bonus issue in the previous five financial years.

For Fiscal 2023, Kronox generated consolidated revenue from operations of Rs. 95.6 crores growing at CAGR of 23.70% over Fiscal 2021 to 2023. The Company had EBITDA of Rs. 22.0 crores and EBITDA margin of 23.01%. The Company’s profit after tax for Fiscal 2023 was Rs. 16.6 crores with PAT margin of 17.04%. The Company’s Return on Equity (RoE) and Return on Capital Employed (RoCE) stood at 37.2% and 49.9% respectively for Fiscal 2023. 

Kronox Lab Sciences, which filed draft red herring prospectus dated January 25, 2024 with the market regulator Sebi, obtained its observation letter on April 12, 2024, an update with the Securities and Exchange Board of India (Sebi) showed.

Pantomath Capital Advisors Private Limited is the sole book-running lead manager. The Company’s equity shares are proposed to be listed on the BSE and NSE.

Dialog, Axiata Group and Bharti Airtel sign Definitive Agreement to Merge Operations in Sri Lanka

Combined Strengths to deliver superior experience to customers and improve returns to shareholders

 April 18, 2024 - Dialog Axiata PLC (“Dialog”), Axiata Group Berhad (“Axiata”) and Bharti Airtel Limited (“Bharti Airtel”) (collectively “the Parties”), signed a Definitive Agreement to combine their operations in Sri Lanka. Under this agreement, Dialog will acquire 100% of the issued shares in Airtel Lanka, in consideration of which Dialog will issue to Bharti Airtel, ordinary voting shares which will amount to 10.355% of the total issued shares of Dialog by way of a share swap. The transaction is subject to the approval of Dialog's shareholders and is pending the completion of specific conditions outlined in the Share Sale Agreement, including clearance from the Colombo Stock Exchange (CSE) and completion of other applicable legal, corporate and regulatory compliance procedures.  

 

The Telecommunications Regulatory Commission of Sri Lanka (TRCSL) has granted its approval for the proposed merger, underscoring its vision to advance the adoption of telecommunications services across Sri Lanka.

 

This consolidation will enable the merged entity to garner economies of scale and reduce duplication of infrastructure, achieve synergies in technology and capital expenditure leading to enhanced high speed broadband connectivity, voice and value added services, cost savings and operational efficiencies.

Vivek Sood, Group CEO and Managing Director of Axiata Group Berhad said, "The merger between Dialog and Airtel Lanka is aligned to Axiata’s strategy of market consolidation and resilience. The merger will create value for Shareholders of Dialog Axiata PLC and of Axiata Group through achievable synergies. We have the utmost respect for Airtel Lanka and its employees and look forward to working together as we integrate the two companies”. 

Commenting, Dr Hans Wijayasuriya, CEO Telecommunications Business and Group Executive Director of Axiata, added “This merger brings together the strengths of two leading telco groups and bodes well for the Growth and Sustainability of Sri Lanka’s flagship Telecom Sector. We look forward to the new frontiers in Customer Experience and innovation the company will deliver to Sri Lankan Consumers and Enterprises.”

Gopal Vittal, MD & CEO - Bharti Airtel Limited said, “We are happy to merge our Sri Lanka operations with Dialog. Given the scale and unique propositions they offer, we are certain that our customers will continue to enjoy cutting edge services on a seamless network.”

 

“It is a privilege to welcome the team at Airtel Lanka to the Dialog family and together we take a significant step forward in our commitment to delivering superior telecommunications services in Sri Lanka”, remarked Supun Weerasinghe, Director / Group Chief Executive Officer of Dialog Axiata PLC.

 

“The integration of Dialog and Airtel Lanka operations will unlock new opportunities for innovation and growth, and this will lead to benefit consumers.” Ashish Chandra, Chief Executive Officer, Bharti Airtel Lanka (Private) Limited.

-END-

About Axiata

In pursuit of its vision to be The Next Generation Digital Champion, Axiata is a diversified telecommunications and digital conglomerate operating Digital Telcos, Digital Businesses and Infrastructure businesses across a footprint spanning ASEAN and South Asia.

The Group has controlling stakes in market-leading mobile and fixed operators in the region including 'XL’ and ‘Link Net' in Indonesia, 'Dialog' in Sri Lanka, 'Robi' in Bangladesh, and 'Smart' in Cambodia while 'CelcomDigi' in Malaysia is a Key Associate Company. Axiata’s regional digital business verticals comprise ‘Boost’ a fintech company, ‘ADL’ a telco-focused software and digital solutions provider and ‘ADA’, a digital analytics and AI company. 'EDOTCO' is among the top 10 independent TowerCos globally, operating in nine countries to deliver telecommunications infrastructure services.

 

As a committed and long-term investor, the Group actively supports and drives young talent development; community outreach; as well as climate change initiatives. Axiata's broader goal of Advancing Asia aims to piece together the best in the region in terms of innovation, connectivity and talent to drive digital inclusion and sustainable progress across our markets. Find out more at www.axiata.com. 

 

For media enquiries, please contact:

Sujartha Kumar

Head of Corporate Communications

Tel: +6011.10.000.177

Email: sujartha@axiata.com  

 

About Dialog Axiata PLC

Dialog Axiata Group, a subsidiary of Axiata Group Berhad (Axiata), operates Sri Lanka’s Leading Quad-Play Connectivity Provider. Dialog Axiata PLC, listed on the Colombo Stock Exchange, is the market leader in Mobile, Digital Pay Television, Fixed Telecommunications and International Services sectors, along with a robust footprint and market presence in Digital Services, Financial Services, and IT Services. Dialog Axiata Group is Sri Lanka's largest Foreign Direct Investor (FDI) with investments totalling USD 3.25 Billion. Dialog has been ranked as the Most Valuable Brand in Sri Lanka from 2019-2023 by Brand Finance, UK.

  

The Company delivers advanced mobile telephony and high-speed mobile broadband services to a subscriber base of over 17 Million Sri Lankans. As the market leader in Pay Television and Home Broadband sectors, Dialog provides world-class entertainment services and superior fixed connectivity to millions of households across Sri Lanka. The Company also has a strong international footprint, including roaming partnerships with over 650 operators across over 200 destinations and investments in multiple subsea cables across Asia.

The winner of six Global Mobile Awards, Dialog has had the distinction of being voted by Sri Lankan consumers as the ‘Telecommunication Brand of the Year’ for a record thirteenth year at the SLIM-KANTAR People’s Awards 2024. Dialog is certified for ISO 9001 Quality Management System, ISO 27001:2013 Information Security Management System, and ISO 14001:2015 Environmental Management System. The Company became the first telecommunications service provider in the country to be awarded the ISO 27701 certification for Privacy Information Management Systems. Dialog has received numerous local and international awards, including the National Quality Award, Sri Lanka Business Excellence Award and the ACCA Sustainability Award.  

About Airtel Sri Lanka

Airtel Sri Lanka commenced commercial operations of services in Sri Lanka in 2009 and was the fastest operator to reach 1 million customers. The Airtel Sri Lanka offering of technology innovation and service excellence has driven rapid adoption rates among the Sri Lankan youth. Today Airtel has established its state-of-the-art 5G-ready 4G network 

across all parts of Sri Lanka, and is continuously boosting its network capacity to deliver maximum value. For more information, connect with Airtel on social media, check the MyAirtel App, or visit www.airtel.lk  

About Bharti Airtel Limited

Headquartered in India, Airtel is a global communications solutions provider with over 500 million customers in 17 countries across South Asia and Africa. The company ranks amongst the top three mobile operators globally and its networks cover over two billion people. Airtel is India’s largest integrated communications solutions provider and the second largest mobile operator in Africa. Airtel’s retail portfolio includes high-speed 4G/5G mobile broadband, Airtel Xstream Fiber that promises speeds up to 1 Gbps with convergence across linear and on-demand entertainment, streaming services spanning music and video, digital payments and financial services. For enterprise customers, Airtel offers a gamut of solutions that includes secure connectivity, cloud and data center services, cyber security, IoT, Ad Tech and cloud-based communication. For more details, visit www.airtel.com 

For media enquiries, please contact:

 

Harsha Samaranayake

Vice President - Brand and Media

Group Marketing, Dialog Axiata PLC 

Email: harsha.samaranayake@dialog.lk

 

Kinshuk Gupta

Senior Vice President – Corporate Communications

Bharti Airtel Limited

Email: Kinshuk.gupta@airtel.com

The Soulful Music Album of Young-Adult Series, Dil Dosti Dilemma is a Beautiful Ode to Indelible Memories of Youthful Summer

The music album features six distinctive soundtracks composed by Sameer Rahat, Prathamesh Tambe, Abhijeet Srivastava,  Mohammed Affan Pasha, Syed Awaise Pasha, alongside vocalists Salman Elahi, Maanuni Desai, Chandan Jaiswal and Akanksha Sethi. Additionally, the streaming service has released a music video for the song ‘Dil Sheher’. The music albim is now available on all Amazon Music, Apple Music, Spotify, Jio Saavan and all other major music streaming platforms

Dil Dosti Dilemma premieres on April 25 in India across 240 countries and territories worldwide

 *Link* : https://youtu.be/5Cx33oie4Zg?si=kGu5CDW5H-x2gGmt

 *MUMBAI, India—April 18, 2024—* Prime Video today released the euphonic music album of Dil Dosti Dilemma, the eagerly anticipated young adult Original series that premieres on April 25 in over 240 countries and territories worldwide. Produced by Ten Years Younger Productions and directed by Debbie Rao, the streaming service launched a captivating album featuring six mesmerizing soundtracks, including a music video for ‘Dil Sheher’, an acoustic rendition, and a reprise version of the melodious track ‘Dil Sheher’. This music album is now available on all major music streaming services, including Amazon Music, Spotify, Jio Saavn, and Apple Music.

Echoing the narrative of the series, every song in the music album effortlessly blends modern and classic elements from two distinct eras. With catchy lyrics and vocals, each track enhances the overarching story, evoking a myriad of emotions. While eloquently capturing the essence through invigorating music. From the rhythmic tabla and percussion beats to the pulsating guitar melodies, each song in the music album boasts of individuality and affinity. 

"While directing the series, my endeavour was to authentically depict each character as well as the dynamic shared between the younger and older generation" explained Debbie Rao, the series director. "Music is extremely crucial in achieving this authenticity, because it helps immerse the audience in the world we've created and takes the story forward. I'm so thrilled with the unique yet diverse musical album created by our talented composers, lyricists, and singers. These songs reflect the journey of our characters while delving into the essence of our show. Each track in this album echoes the pivotal moments within the narrative while elevating the emotion.”

“Creating a song that explores the intricacies of youth, their relationships, and the journey of being lost in love was incredibly exciting for me," expressed Sameer Rahat, Music composer and producer of Dil Sheher. "From tender ballads to spirited sentiments, this composition captures the essence and complexity of young adult lives. The music and lyrics of Dil Sheher resonate with the unforgettable moments and the myriad feelings that one goes through when they’re in love, as portrayed in the story. Crafting both the acoustic and reprised versions was as fulfilling as composing the main song. My hope is that it connects deeply with listeners and find a place in their Dil sheher.”

The Dil Dosti Dilemma music album has a collection of six beautiful original songs; 

1. Dil Sheher – Composer: Sameer Rahat; Lyricist: Gautam Aditya; Singer: Salam Elahi

2. Jhoome Raanjhana – Composer: Prathamesh Tambe; Lyricists: Vedika-Saumitra; Singers: Chandan Jaiswal and Prathamesh Tambe

3. Bolo Kya Karun – Composer: Abhijeet Srivastava; Lyricist: Shayra Apoorva; Singer: Maanuni Desai

4. Area – Composers: Mohammed Affan Pasha, Syed Awaise Pasha; Lyricist (Rap Verse): Mohammed Affan Pasha; Lyricists (Chorus): Mohammed Affan Pasha, Mohammed Shoaib; Singer: Mohammed Affan Pasha aka Pasha Bhai

5. Dil Sheher (Acoustic) – Composer: Sameer Rahat; Lyricist: Gautam Aditya; Singer: Salam Elahi

6. Dil Sheher (Reprise) – Composer: Sameer Rahat; Lyricist: Gautam Aditya; Singer: Akanksha Sethi

Adapted from the popular book ‘Asmara's Summer’, published by Penguin Random House and authored by Andaleeb Wajid, Dil Dosti Dilemma has Seema Mohapatra and Jahanara Bhargava serving as Creative Producers under the banner of Ten Years Younger Productions. It has been directed by Debbie Rao, and written by Anuradha Tiwari, Bugs Bhargava Krishna, Raghav Dutt, and Manjiri Pupala. The series boasts of a talented ensemble cast of emerging and seasoned actors, with  Anushka Sen, Kush Jotwani, Tanvi Azmi, Shishir Sharma  in lead roles, and Shruti Seth, Vishakha Pandey, Revathi Pillai, Elisha Mayor, and Suhasini Mulay in pivotal roles.

JNK India Limited’s Initial Public Offering to open on Tuesday, April 23rd, 2024, price band set at ₹395 /- to ₹415/- per Equity Share

• Price Band of ₹395 /- to – ₹415/- per equity share bearing face value of ₹2/- each (“Equity Shares”)

• Bid/Offer Opening Date – Tuesday, April 23rd, 2024 and Bid/Offer Closing Date – Thursday, April 25th, 2024.

• Minimum Bid Lot is 36 Equity Shares and in multiples of 36 Equity Shares thereafter. 

• The Floor Price is 197.50 times the face value of the Equity Share and the Cap Price is 207.50 times the face value of the Equity Share

Mumbai, April 18, 2024: JNK India Limited is in the business of manufacturing the process-fired heaters, reformers, and cracking furnaces (together, the “Heating Equipment”) that are required in process industries such as for oil and gas refineries, petrochemical and fertilizer industries. , has fixed the price band of ₹395/- to ₹415/- per Equity Share of face value ₹2/- each for its initial public offer. 

The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Tuesday, April 23rd, 2024, for subscription and close on Thursday, April 25th, 2024. 

Investors can bid for a minimum of 36 Equity Shares and in multiples of 36 Equity Shares thereafter. 

The issue consists of a fresh issue of ₹ 3,000.00 million and offer for sale (OFS) of up to 8,421,052 Equity Shares  from promoter selling shareholders and individual selling shareholder.

The Company have capabilities in thermal designing, engineering, manufacturing, supplying, installing, and commissioning heating equipment and caters to both domestic and overseas markets. (Source: F&S Report). Over the years the Company has diversified into flares and incinerator systems and have been developing capabilities in the renewable sector with green hydrogen. The Heating Equipment are required in process industries such as oil and gas refineries, petrochemicals, fertilizers, hydrogen and methanol plants etc.

As of December 31, 2023, it has served 21 customers within India 8 customers overseas. In India, it has completed projects in, amongst others, Andhra Pradesh, Assam, Bihar, Karnataka, Kerala, Maharashtra, Tamil Nadu, West Bengal and globally have completed projects in Nigeria and Mexico. Further, it has ongoing projects in Gujarat, Odisha, Haryana, Rajasthan in India and globally in Oman, Algeria, and Lithuania. Further, it has successfully completed projects in far-reaching locations which included projects in India at at Numaligarh, Assam; Kochi, Kerala; Barauni, Bihar; and overseas at Lagos, Nigeria.

Some of thedomestic customers include Indian Oil Corporation Limited, Tata Projects Limited, Rashtriya Chemicals & Fertilizers Limited, and Numaligarh Refinery Limited. Further the Company  has catered to overseas customers such as a leading engineering, procurement and construction (“EPC”) company in Europe, a leading oil & gas exploration & production company in Oman and a middle east arm of European EPC company in oil and gas. Since its inception, the Company have been working closely with JNK Global Co. Ltd (formerly known as JNK Heaters Co. Ltd) , a KOSDAQ-listed company. JNK Global Co. Ltd (formerly known as JNK Heaters Co. Ltd) is oneof the corporate promoters of the Company, holding a 25.79%  as of the date of the  the Red Herring Prospectus. 

The Company operates an in-house fabrication facility at the Mundra Special Economic Zone in Gujarat, spreads over approximately 20,243 square meters with an installed capacity of 5,000 metric tonnes of fabrication and modularization per annum. 

As on December 31, 2023, it had an order book of ₹ 8,450.27 million

The Offer  is being made through the Book Building Process, wherein not more than 50% of the Offer  shall be available for allocation to Qualified Institutional Buyers, not less than 15% of the Offer shall be available for allocation to Non-Institutional Investors and not less than 35% of the Offer shall be available for allocation to Retail Individual Investors.

Disclaimer: JNK INDIA LIMITED is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed a red herring prospectus dated April 15, 2024 with the RoC. The RHP is made available on the website of the SEBI at www.sebi.gov.in as well as on the website of the BRLMs i.e., IIFL Securities Limited at www.iiflcap.com and ICICI Securities Limited at www.icicisecurities.com, the website of the NSE at www.nseindia.com and the website of the BSE at www.bseindia.com and the website of the Company at www.jnkindia.com. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risks, please see the section titled “Risk Factors” beginning on page 31 of the RHP. Potential investors should not rely on the DRHP for making any investment decision but can only rely on the information included in the Red Herring Prospectus.

The Equity Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (“U.S. Securities Act”) or any state securities laws in the United States, and unless so registered, and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U. S. state securities laws. Accordingly, the Equity Shares are being offered and sold outside the United States in offshore transactions in reliance on Regulation S and the applicable laws of each jurisdictions where such offers and sales are made.

LISTING: The Equity Shares offered through the RHP are proposed to be listed on the Stock Exchanges. Our Company has received in-principle approvals from BSE and NSE for listing of the Equity Shares pursuant to their letters dated November 29, 2023 and November 30, 2023, respectively. For the purposes of the Offer, NSE shall be the Designated Stock Exchange. A signed copy of the RHP has been filed with the RoC and the signed copy of the Prospectus shall be filed with the RoC in accordance with Section 26(4) of the Companies Act, 2013. For details of the material contracts and documents available for inspection from the date of the RHP up to the Bid/Offer Closing Date, see “Material Contracts and Documents for Inspection” on page 445 of the RHP.

DISCLAIMER CLAUSE OF SECURITIES AND EXCHANGE BOARD OF INDIA (“SEBI”): SEBI only gives its observations on the offer documents and this does not constitute approval of either the Offer or the specified securities stated in the Offer Document. The investors are advised to refer to page 359 of the RHP for the full text of the disclaimer clause of SEBI.

DISCLAIMER CLAUSE OF BSE: It is to be distinctly understood that the permission given by BSE Limited should not in any way be deemed or construed that the RHP has been cleared or approved by BSE Limited nor does it certify the correctness or completeness of any of the contents of the RHP. The investors are advised to refer to the page 361-362 of the RHP for the full text of the disclaimer clause of BSE.

DISCLAIMER CLAUSE OF NSE (the Designated Stock Exchange): It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Offer Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Offer Document. The investors are advised to refer to page 362 of the RHP for the full text of the disclaimer clause of NSE.

 

Beauty Garage Professional witnesses 60% growth year on year, coupled with a 0.1% market capture

Mumbai…April 17, 2024…Beauty Garage Professional, a true made-in-India brand reinventing the hair care industry, proudly announces its remarkable 60% year-on-year growth and 0.1% capture of the market share in India. This achievement coincides with the brand's recent reception of the prestigious National Feather Awards in the Best Hair Care Product Manufacturing category. Founded in 2017 by Mahesh and Jigar Ravaria, Beauty Garage Professional has swiftly ascended to become a leading name in the hair care business, embodying the spirit of innovation and resilience.

Committed to delivering excellence, Beauty Garage Professional focuses on crafting high-quality, safe, and technologically advanced products tailored for diverse hair types. The company's unwavering dedication to customer satisfaction is evident in its comprehensive range of hair care solutions designed to repair, restore, and revitalize hair.

Today, Beauty Garage Professional boasts a diverse portfolio comprising over 100 SKUs across six distinctive series, including K9 Botoplexx, Botoliss, Botosmart, Shea, Shea Curls, and ScalpSense. Each product reflects the company's core values of innovation, reliability, quality, trust, and competence, proudly representing a 'make in India' brand.

Mr. Mahesh Ravaria, Co-Founder and CEO of Beauty Garage Professional said, “At Beauty Garage Professional, we envisioned a brand that not only delivers exceptional hair care solutions but also represents the spirit of innovation and resilience that defines the 'make in India' ethos. Our journey from 2017 to now is a testament to our unwavering commitment to excellence and customer satisfaction. Today, Beauty Garage Professional is actively serving the INR 2000 crore hair treatment market and INR 5000 crore hair spa market in India, firmly establishing our leadership in the industry." 

Mr. Jigar Ravaria, Co-Founder of Beauty Garage Professional said "We are proud to have created a diverse portfolio of high-quality, technologically advanced products that cater to the diverse needs of our customers worldwide. With ScalpSense and the Shea Collagen Hair Filler Treatment, we are not just setting new standards; we are revolutionizing the way people perceive hair care." 

With FDA-approved products renowned for their cutting-edge technology, Beauty Garage Professional has expanded its footprint to over 32 countries, setting new standards in the global salon industry. The company's relentless commitment to research and development ensures a continuous stream of innovative products that cater to evolving customer needs.

In a groundbreaking move towards scalp health, Beauty Garage Professional unveiled ScalpSense, the world's first five-step product series designed to address a wide range of scalp concerns. Additionally, the company introduces the Shea Collagen Hair Filler Treatment, setting a new standard in hair rejuvenation with its transformative effects.

As Beauty Garage Professional continues to redefine hair care standards, its commitment to empowering professionals and customers alike remains unwavering. With a profound love for hair at its core, the company is dedicated to providing comprehensive solutions that repair, restyle, and revitalize hair, empowering individuals to achieve their hair goals with confidence and flair.

About Beauty Garage Professional

Beauty Garage Professional is transforming a multi-million dollar Hair Care Sector and reinventing hair and scalp health with groundbreaking products and a top-notch distribution network. It’s a truly Made in India success story with the only Indian company manufacturing products and introducing innovative treatments such as Hair Botox. With a dedicated team engaged in continuous product research and technology exploration, the company has a remarkable growth story in the thriving Indian haircare market.

Beauty Garage is a dynamic and influential player in the beauty industry, poised for continued success on both domestic and international fronts led by dynamic founders, Mahesh and Jigar Ravaria who established the company in 2017. The company stands out with a compelling competitive edge in the hair treatment market with strategic expansion plans of establishing a global presence with a focus on key regions such as the Middle East and the United States. The company’s strong network comprises over 100 distributors, supported by a dedicated team of 150 field Professionals, including both sales and technicians.

Beauty Garage Professional is at the forefront of innovation, delivering high-end quality products in more than 32 countries. Its worldwide distribution and FDA approval positions it as a winning player in the market revolutionising the Indian Salon Industry with flawless rich hair care products. The remarkable R&D teams are tirelessly working to develop innovative products for hair care and treatment.

The company's primary focus is on reinventing hair care, and collaborating with hairdressers to develop solutions and services at the forefront of the industry. With the core ethos centered around a profound love for hair, the company aims to provide comprehensive hair care solutions that repair and restyle hair post-treatment damage. At Beauty Garage Professional, the absolute dedication to the art of hair care shines through, empowering Professionals and customers alike to achieve their hair goals with confidence and flair.

Today, Beauty Garage Professional showcases a diverse collection of 100+ SKUs and six distinctive series, including K9 Botoplexx, Botoliss, Botosmart, Shea, Shea Curls, and ScalpSense using the high-end, advanced technology to create all the products designed to satisfy the customers. The safest ingredients are curated and treated in the safest environment to obtain the best results. With strong partnerships with salons across India, Beauty Garage 

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sonia.kulkarni@hunkgolden.in

TAVI procedure executed with ongoing CPR for the first time ever: Paves way for new life saving protocols

The 91-year-old patient being the second oldest patient in Mumbai to undergo the TAVI procedure

Navi Mumbai, 17 April 2024:  Two highly complex TAVI cases successfully treated at Apollo Hospitals Navi Mumbai (AHNM) in senior patients. Amidst the complexities of medical care, a 91-year-old man embarked on a planned surgical procedure, while a 70-year-old woman faced the dire urgency of cardiac arrest and multiple organ failure. Through the resolute dedication of healthcare teams, both patients were granted a remarkable second chance at life, embodying the triumph of hope over adversity. Through complex Trans Catheter Aortic Valve Implantation (TAVI), damaged heart valves were replaced in both patients, who had severe aortic stenosis, a narrowing of the heart valve that limits blood flow from the heart to the body.  Setting new standards for cardiac care, this was the first TAVI surgery carried out in a patient while CPR was still being administered.

Dr. Rahul Gupta - Senior Consultant Cardiology at Apollo Hospitals, Navi Mumbai said, “In a first of its kind case in Navi Mumbai a 70-year-old female from Dombivli was brought to the ER with severe breathlessness at rest, low blood pressure, decreased oxygen saturation, multi organ failure, she had suffered a cardiac arrest, requiring CPR and defibrillation for revival. Tests showed her to have severe aortic stenosis. Given the critical condition of the patient and the impracticality of conventional open-heart surgery, an emergency Transcatheter Aortic Valve Implantation (TAVI) procedure was conducted to save her life. Throughout the procedure, the patient was intubated and ventilated, with CPR administered continuously due to a cardiac arrest occurrence.  Due to the risk of coronary artery obstruction a serious complication in this case we used specialised technique known as Chimney Stenting (helps to maintain blood flow in the arteries) during the TAVI procedure.”

                                                                                                                  

Dr. Mahesh Ghogare - Consultant Cardiology, Apollo Hospitals, Navi Mumbai said, “91-year-old Mr. Govind Gadekar, a resident of Vashi, was brought to the emergency room (ER) of Apollo Hospitals as he had lost consciousness after a sudden onset of giddiness. He had 2 similar episodes of fall due to giddiness in the last 15 days. Investigations revealed, he had severe aortic stenosis. Considering his age, conventional cardiac surgery was not possible and he was advised TAVI to address the severity of symptoms. Many patients above the age of 70 years have aortic stenosis, but it is often underdiagnosed. In senior patients, recurrent breathlessness, giddiness, chest discomfort, chest pain, and swelling of feet are attributed to old age. People should be aware that if these symptoms persist, the patient should undergo regular and thorough cardiac check-ups. 2D echo assessment is vital in such cases, as not only blockages in the heart vessels, but also blockages in the heart valves are important at this stage. In the successful case of the TAVI procedure on a nonagenarian patient, who is subsequently the oldest patient to go through this procedure in Mumbai, despite age being risk factor the patient has responded and recovered very well.  We are hopeful that with the assistance of the current generation of valves the patient will live to see 100 years, as he seems in a healthy condition. CVDs are a growing concern in urban India. Almost everyone above the age of 40 years should do proactive checks regularly to understand their heart health.”

Mr. Gadekar mentioned, "This journey has been nothing short of a miracle. From the depths of cardiac arrest to the light of renewed hope, I am forever grateful to the incredible team at Apollo Hospitals for their skill and compassion. With each beat of heart, I'm reminded of the preciousness of life and the power of perseverance."