Archive: June 1, 2023

Ellenbarrie Signs Onsite Plant Agreement With Tata Metaliks Limited

Kolkata, 1st June 2023: Ellenbarrie Industrial Gases Ltd (Ellenbarrie) and TATA Metaliks Ltd (TML) have inked a contract for a long-term supply of gases to TML’s Kharagpur Plant.

The supplies will total 250 MT of Oxygen per day, apart from Nitrogen and Argon, and will be made available from a dedicated production facility being set up at TML’s Plant. The gases will cater to the increased requirement of TML’s Blast Furnaces.

Incidentally, Ellenbarrie is also marking its golden jubilee year, being incorporated in 1973.

Mr Alok Krishna, Managing Director, Tata Metaliks Ltd commented:

“Tata Metaliks values Ellenbarrie as its long-term reliable partner for the supply of industrial gases. The proposed expansion of their existing facilities would meet the growth requirement of Tata Metaliks.”

Mr Padam Agarwala, Managing Director, Ellenbarrie commented:

“Ellenbarrie takes pride in its long-term partnership with Tata Metaliks. Our experience with Tata Group has been always very satisfying. TML has posed a challenge to us by expecting the first supply of Gases within one year and we shall work overtime to meet their expectations.

Being the largest Independent Gases Manufacturer in India, the Company has developed in-house excellence in Manufacturing and Application Technologies, without any foreign support.

Ellenbarrie had made a humble beginning 50 Years ago with a small merchant plant near Kolkata. In this Golden Jubilee year, we are planning multiple projects in West Bengal, including another 250 TPD Merchant Air Separation plant and another project to capture Carbon di Oxide from industrial emissions”

CFOs Moving Beyond Finance to become Chief Value Officers: ACCA-BDO Report

In the move towards sustainable organisations the role of the CFO is evolving beyond finance to include sustainability and social aspects of their operations

New research by ACCA (the Association of Chartered Certified Accountants) and BDO, the international network of public accounting, tax, and advisory firms, has revealed how the role of the CFO is growing to include driving business decisions and reporting on the non-financial areas of their operations.

Over 100 CFOs and business leaders from around the world took part in roundtables and in-depth interviews to contribute their insight into how the traditional role of the CFO is changing, resulting in the report ‘Chief value officer – the important evolution of the CFO’.

To be successful and sustainable, businesses and other organisations increasingly need to combine economic, environmental, and social equity. Those that don’t, face risks and their value can diminish – there is a very strong link between value creation and strategy. Using the breadth of drivers (financial, manufactured, intellectual, human, social & relationship, and nature) to generate benefits for a wide range of stakeholders creates value. With a focus for many organisations on purpose and value, contributors were asked to consider whether there is a trend to asserting the need for a new role of chief value officer and whether this a role that the CFO is already fulfilling.

The resulting three key findings from the report are:

•  The concept of value is fundamental to the management of performance in organisations and its adoption is a key element in their path to a sustainable future.
•  CFOs are increasingly adopting a value-centric approach in their work and this represents an evolution towards encompassing the chief value officer role within a more traditionally financially focused remit.
•  The development path for those aspiring to be CFOs requires an increasingly broad range of experience that embraces both formal and informal learning activities: professional bodies and practices need to engage with this.

Helen Brand, ACCA chief executive, noted: ‘We already know that CFOs are increasingly acting as strategic leaders and advisers in their organisations. The CFO role is one that has moved significantly from the traditional view while retaining the core responsibilities. Now there’s a real opportunity for them to satisfy the value agenda and evolve the role for the next generation of CFOs.’

Carly Bleathman, Partner – Business Services and Outsourcing at BDO UK said: ‘Our research highlights the exceptional role that CFOs are playing in developing their organisations. We commend the role that these individuals play and how they are truly embracing the broader value agenda. I know from my own experience that CFOs are truly chief value officers’.

Albert Lopez, Global Head of Business Services and Outsourcing, BDO Global said: ‘There are many CFOs from across the world who are embracing this wider concept of value and our research highlights many positive stories. Embracing the sustainability agenda and delivering against it is a key role that our profession must play to help ensure that we have a positive future.’

Author Clive Webb, Head of Business Management at ACCA said: ‘Creating sustainable organisations is a key priority for all organisations and CFOs have a fundamental role to play in delivering this. The perception of the CFO and the finance team needs to change from being Dr. No to Dr. How. It is pleasing to see how many finance teams are working towards this agenda’.

Victorinox Embarks on a New Journey

Victorinox recently celebrated its new Journey 1884 Collection of timepieces with Viren Rasquinha–a talented sportsman, illustrious hockey player and ex-India Hockey Captain, who is doing great work with aspiring Olympians through Olympic Gold Quest.

Colonel Chandhoke- Managing Director, Victorinox India and Debraj Sengupta- Chief Product and Marketing Officer, Country Head -Watches, Victorinox India honoured Viren with a Journey 1884 Swiss Made Automatic Watch for Men, to commemorate the trailblazing and meaningful journeys of both, the brand, and the man.

The Victorinox Store at The Palladium Mall was awash in awe, as watch aficionados and Victorinox loyalists cheered the brand on in its new journey.

The new Victorinox Journey 1884 is not just a watch. It is the first leg of a new journey for Victorinox watches and a statement infusing the feeling of freedom and the energy of the Swiss mountains into everyday adventures. Let this journey begin! Imagine hiking on a spectacular ridge in the Swiss alps, following the path lost in thought and enjoying the calmness and the breath taking views whilst deeply inhaling the fresh mountain air. This is the inspiration behind the Victorinox Journey 1884, the new companion that can be relied upon for hiking adventures and much more. The watch pays tribute to its inspiration with a hand design replicating the Swiss hiking signs, a dial featuring the rough texture of a natural hiking path and a practical and sporty rubber strap. The watch is available in both automatic and quartz models.

The Swiss Army Knife, a standard item on hikes, is evoked in the counterweight of the second hand. In addition, the case features strong shapes and curves and the notch at 6 o’clock on the bezel looks as if it has been carved out by a sharp pocketknife. The industrial roots of the brand are reflected in the finish of the case, in the engraved material code, and the founding year 1884 proudly presented on the bezel. ISO certified for shock and water resistance, each watch gives the owner a maximum of freedom during any activity, whether he is wearing the more sporty quartz or the more sophisticated automatic version. The latter takes its inspiration from urban adventures and city travel. It offers a prominent highly tridimensional architectural dial paired with an elegant ceramic bezel echoing modern city skylines. And because even urban explorers long for the real outdoors, the automatic version features the color of yellow as seen on Swiss hiking signs and the rough-textured center part of the dial as a nod to the collection’s hiking roots.

The largest virtual Career Fair for Women concludes with over 500 profiles shortlisted by employers

Bengaluru (Karnataka), June 1st,2023: Careernet, India’s leading talent solutions provider, recently organized the 4th edition of its ‘Career Fair for Women’. The distinctive career fair led by Careernet Prism, an initiative of Careernet, to help employers build inclusive workplaces with diverse talent, witnessed participation from over 800 working women. The event was aimed to provide women across the country an opportunity to connect with some of the best employers in the industry.

This year’s edition of the annual career fair was supported by Societe Generale, Sandvine, Priceline, and Cornerstone, who offered women candidates the chance to explore job opportunities in middle, mid-senior, and senior levels for tech and non-tech roles.

Based on the theme ‘Margins to Mainstream: Women Accelerating Equity’, the virtual fair was targeted at enhancing equity at the workplace and attracting women from intersectional diversities, accelerating their career journeys, and helping them rise higher in leadership roles. The event presented a unique opportunity for women from various educational backgrounds (who want to return to the workforce or make lateral entries), Persons with Disabilities (PwD), and the LGBTQ+ community to connect with top employers, apply for open positions, and exchange professional experiences and learnings.

The event attracted 1,596 registrations and over 800 attendees, for 60+ job opportunities from partnering employers. 550 profiles have been shortlisted for processing by participating employers. After a period of one-month, which is presumed to be the time needed for completing the process, the employers are expected to reveal the number of job offers made to applicants.

In pursuit of hosting a truly inclusive career fair, for the first time ever in the country, the entire event was interpreted in Indian Sign Language (ISL) in real-time by the representatives from one of the community partners, SignAble Communications, India’s first on-demand Indian Sign Language interpretation service for the deaf. This immensely benefitted around 40 deaf women who attended the event. All participants got an opportunity to interact with the top brass of featured employers in individual company booths. The interaction at these booths was also signed in ISL by sign language interpreters.

“As strong believers that diversity enriches workplaces and being an organization that is driven forward by women every single day, it is a delight for us to host ‘Career Fair for Women’ successfully year after year. Through such events, we endeavour to provide a platform to all women, irrespective of age, work experience, career breaks or disabilities, to network with the top representatives of the world’s best employers and, in turn, create inclusive workplaces for everyone. We are seeing increased participation from employers who share the same vision of providing female talent with a level playing field to unlock their potential and access better opportunities.”, opined Mr. Anshuman Das, CEO, and Co-founder, of Careernet. 

The key speakers at the virtual career fair were Sumanth Nayak, Chief Human Resources Officer, Societe Generale’s Global Solution Centre, India; Sudeept Maharana, VP Engineering and Site Leader, Priceline India; Rajani Nesargikar, Director R&D, Sandvine; Mukesh Hegde, Senior Director, Operations, Cornerstone; Nidhi Bhasin, CEO, NASSCOM Foundation; Krupa Nagda, Talent Acquisition Manager, Cornerstone; Yatish Shivaprasad,  Managing Director & Head of CFT India and Romania, Societe Generale; and Teena Mary, AVP – L&D, Careernet.

Addressing the attendees and other speakers during a session on ‘Advocacy and Collaboration in Accelerating Equity for all Women’, Ms. Nidhi Bhasin, CEO, of Nasscom Foundation, said, “One policy change can get women up the ladder. Even one woman up the ladder can mentor hundreds of more women“.

“Careernet’s Career Fair for Women proved to be a meticulously planned and efficiently executed event. It has been an absolute delight for me to be among the distinguished speakers at this esteemed career fair. The event served as a platform for hundreds of women to establish connections and gain insights from influential leaders within the industry. I firmly believe that the discussions centred around Accelerating Equity for Women were a source of inspiration for all participants, motivating them to reintegrate into the mainstream workforce. Additionally, this forum facilitated the resolution of numerous queries and concerns. I eagerly anticipate witnessing a greater influx of women across various sectors, as well as their ascent up the hierarchical ladder within the corporate realm.”, said Ms. Rajani Nesargikar, Director of R&D, Sandvine.

Speaking on the occasion, Mr. Mukesh Hegde, Sr. Director – Operations & India Chief of Staff, Cornerstone, said, “Cornerstone OnDemand is committed to setting industry benchmarks for diversity at all levels within the organization. With the goal to further raise our diversity percentage, we participated in Careernet’s ‘Career Fair for Women’. We were overwhelmed by the response and the interest espoused in our mission. We thank Careernet for creating this platform to reach and engage with talented and motivated women professionals.”

The event was aided by community partners: NASSCOM Foundation, WinVinaya Foundation, Spectrum of Inclusion, TALMS Charity Foundation, SignAble Communications, and technology partner HirePro.

Through Careernet Prism, Careernet aims to accelerate employers in India to foster inclusive workplaces with diverse talent. In the year 2022, every 3rd candidate placed by Careernet was a woman.

Farmley announces Rahul Dravid as the new brand ambassador

New Delhi, 1st June 2023: Dry fruits and nuts specialist, Farmley announced the appointment of former Indian Cricket Captain Rahul Dravid as its first brand ambassador. Through this collaboration, Farmley reinforces its enduring commitment to quality, authenticity, and excellence.

With his distinguished career as a cricketer, Dravid has not only earned accolades for his incredible sportsmanship but has also become a role model for millions across the globe. His integrity, dependability & trustworthiness perfectly embody the values that Farmley stands for. Dravid would be seen endorsing the dry-fruits range for the brand, which is sourced from 5000+ trusted farmers & producers, and are 100% adulteration free.

Commenting on his association with Farmley, Rahul Dravid said “People these days are rapidly moving towards adopting a healthier lifestyle and they put a thought into whatever they consume throughout their day. They like to read and get themselves educated about different products available in the market, and choose what they think would be best for them, in terms of both health & taste. Farmley’s commitment to sourcing the finest dry fruits and nuts resonates with my personal belief in maintaining a healthy lifestyle. I look forward to representing Farmley and contributing to their mission of delivering premium, adulteration-free products to consumers.”

Welcoming Rahul Dravid onboard, Abhishek Agarwal – Co-Founder, of Farmley said, “Having him on board with Farmley is heart-warming, and we are proud to welcome Rahul Dravid to the family. Being a celebrated cricketer, Dravid has always been committed to being healthy, which helps us rightly position ourselves as a brand that believes in keeping the healthy in the dry fruits & nuts segment intact by eliminating the middlemen and offering adulteration-free products. With Rahul’s support, we aim to further expand our brand presence and connect with a wider audience, while upholding our promise of delivering premium and pure dry fruits & nuts.”

The brand has a wide variety of 100+ products, ranging from everyday dry-fruit essentials, trail mixes, and healthy snacking options to more innovative offerings like a dessert range derived from dry fruits & pasta made from makhanas. With a meticulous selection process and rigorous quality checks, Farmley ensures that only the finest and freshest products reach customers. By establishing deep back-end links with 5000+ trusted farmers and producers, the brand eliminates middlemen and promotes fair trade practices. Committed to promoting a healthy lifestyle, Farmley offers wholesome and delicious snacking options that cater to individuals seeking nutritious choices. The appointment of Rahul Dravid as the brand ambassador further solidifies Farmley’s dedication to delivering exceptional products that delight customers’ taste buds while keeping nutritious wellbeing in mind. A specialist in dry fruits and nuts, Farmley has sustainably grown to an ARR of over 200 Cr and is among the strongest insurgent brands in this category.

You Care Lifestyle offers a special discount in honor of Telangana Formation Day

Mumbai, June 1st, 2023: Telangana Formation Day is celebrated on June 2nd every year to commemorate the establishment of the Indian state of Telangana. It is a time for the citizens to reflect on the progress made since the formation of the state and to celebrate their distinct cultural heritage and identity.

You Care Lifestyle, an honest health and wellness ecommerce platform by Luke Coutinho is offering a special 15% discount on their delicious and nutritious healthy treats to the citizens of Telangana so that they can celebrate this day with mindfulness. This offer is valid for all customers in the Telangana state on June 2nd, so be sure to take advantage of the savings!

At You Care Lifestyle, they understand how important it is to make healthy choices that will help a person stay fit and energized while also enjoying the food they eat. The healthy treats available on their platform are made with natural ingredients and are free from any added preservatives, ensuring that you get the best nutritional value without any hidden ingredients.

This special offer from You Care Lifestyle will help encourage more people in Telangana to make healthier food choices. So don’t miss out on the chance to get 15% off healthy treats and celebrate Telangana Formation Day with You Care Lifestyle!

Kirloskar Brothers Limited expands into the New HVAC segment with the launch of the KW-LC pump

National, June 1, 2023: Kirloskar Brothers Limited (KBL) has recently launched its latest product, the Vertical Inline Long Coupled “KW-LC” Pumps, expanding its ever-growing portfolio in the Heating, Ventilation, and Air-Conditioning (HVAC) segment. The KW-LC pump is a space-saving, vertical, long-coupled design that simplifies piping and has a compact structure.

Commenting on the development, Ms. Rama Kirloskar, Joint Managing Director of KBL and Managing Director of Kirloskar Ebara Pumps Limited said, “The primary target group includes Builders and HVAC OEM’s. The KW-LC pump has a competitive edge over other products in the market and the pump is ideal for installation in Malls, High-rises, Airports, Metro Stations, Hotels, Hospitals and Commercial Spaces in emerging metro cities across India.”

The KW-LC pump is an ideal solution for a wide range of applications such as Water Supply, HVAC, Hot Water up to 90°C, Drinking Water and Cooling Water applications. It has delivery sizes up to 200 mm, a discharge capacity of up to 550 m³/hr (150 LPS), a total head of up to 52 metres, and maximum working pressure of 16 bar. The pump’s design is focused on high efficiency, a wide range of interchangeability and complete reliability.

The KW-LC pump features an enclosed, dynamically balanced impeller, which ensures smooth operation. The Minimum Efficiency Index (MEI) for this pump is greater than, or equal to 0.7 in accordance with Euro design norms. The pump includes a mechanical seal as a standard scope of supply, which can be removed for maintenance or replaced without disturbing the motor or piping.

With the launch of the KW-LC pump, KBL has demonstrated its commitment to innovation and expanding its portfolio of products. The KW-LC pump’s design and features offer several advantages over existing products and meet the evolving demands of the market.

With this advent in technology, KBL remains a leader in the pump industry, providing reliable and efficient solutions to their customers for many decades.

Akshaya Patra Resumes Mid-Day Meal Feeding Post-Summer Vacation in Bengaluru

Bengaluru, June 1, 2023 – With schools reopening after the 50-day summer vacation, students in Karnataka are back in the classroom for the academic year 2023-24. In view of this, The Akshaya Patra Foundation today resumed the PM POSHAN or Mid-Day Meal (MDM) Scheme in Bengaluru. The Foundation will start serving over 70,000 children studying in 1,272 schools in and around Bengaluru city through its four centralised kitchens in Rajajinagar, Vasanthapura, Guniagrahara, and Jigani from today.

Following the necessary safety protocols and adhering to the local government guidelines, today the foundation served a delectable meal comprising Vegetable Pulav, Rawa Payasam, and Curd. Vegetable Pulav, cooked with a variety of vegetables such as carrot, beans, cabbage, turnip, beetroot, and pudina, offers essential vitamins and minerals. Rawa Payasam, a traditional Indian dessert made with semolina, milk, and jaggery, and seasoned with dry fruits and ghee, provides energy and is a treat for the taste buds. The meal is complete with curd, which serves as a cooling and nutritious component to the children’s diet.

Sri Chanchalapathi Dasa, Vice Chairman of The Akshaya Patra Foundation, expressed his delight at the resumption of mid-day meal feeding in Bengaluru. He said, “We are pleased to restart mid-day meal feeding after the summer vacation in Karnataka. Our foundation firmly believes that no child should be deprived of education because of hunger. By providing nutritious meals, we aim to ensure that every child receives the necessary nourishment to thrive academically and physically. We are grateful for the continued support and collaboration from the State Government, Government of India, and the local community in our mission to address hunger among children.”

As the implementing partner of the Central Government and various State Governments’ mid-day meal programme, Akshaya Patra Foundation is serving 21 lakh children in 15 States and 2 Union Territories from 67 kitchens in India. We have been serving Mid-Day meals since the year 2000. Mid-day meal programme not only addresses classroom hunger but also acts as an incentive for children to attend school regularly, improving enrollment and retention rates. By resuming the mid-day meal feeding in Bengaluru, the foundation aims to empower more children with the gift of education and nutrition.

Mphasis launches Mphasis.ai business unit to help enterprises leverage the power of Generative AI

Mumbai, 01 June 2023 Mphasis, (BSE: 526299; NSE: MPHASIS), an Information Technology (IT) solutions provider specializing in cloud and cognitive services, today launched ‘Mphasis.ai’, a first-of-its-kind business unit, focused on transforming organizations globally by unlocking the potential of Artificial Intelligence (AI) to maximize business outcomes. The business unit seamlessly integrates AI capabilities into existing technology landscapes, enabling organizations to improve customer intimacy and experience and enhance operational efficiency while minimizing disruption.

The Mphasis.ai business unit delivers various benefits to enterprise clients that include:

•  Offerings that drive business outcomes, starting with AI Advisory to help assess and identify key AI interventions to complete archetypes such as contact center transformation, customer experience transformation, etc.
•  Access to an array of patented AI assets, over 250 models available on Hyperscaler marketplaces, and frameworks created at Mphasis Next Labs (an in-house research and innovation lab) that can be seamlessly integrated into existing systems and processes.
•  Access to state-of-the-art Conversational AI platforms, powered by generative AI technology, and large language models (LLMs) to transform customer experience management and employee engagement for businesses thus driving operational efficiency.
•  Access to the Mphasis Sparkle Innovation Ecosystem which has enrolled over 50 domain-specific start-ups (including AI-focused) that can accelerate the co-creation of robust go-to-market solutions for enterprises.

“At Mphasis, cloud, and cognitive-led solutions have been central to our unique Front2BackTM (F2B) approach to transformation. Today, we are thrilled to announce the launch of the Mphasis.ai business unit and embrace a new era of innovation. We are laser-focused on enabling enterprises to leverage the potential of AI, helping them maximize business outcomes. With cutting-edge technology at its core, our launch heralds a transformative journey, empowering our clients to unlock unparalleled productivity, drive efficiency, and shape a future of endless possibilities. I am invested in the success of this endeavor and will personally drive the launch and expansion of Mphasis.ai,” said Nitin Rakesh, Chief Executive Officer, and Managing Director, Mphasis.

“Generative AI technology has become a catalyst for enterprises to drive creativity and efficiency in a rapidly evolving technology landscape. With its ability to generate novel ideas and solutions, Mphasis.ai will empower companies to break free from the confines of conventional thinking, enabling them to differentiate themselves in the fiercely competitive market. We eagerly look forward to partnering with our clients and partners to redefine intelligence, while businesses remain resolute in their pursuit of ensuring responsible and sustainable growth for the future,” said Srikumar Ramanathan, Chief Solutions Officer, Mphasis.

Anup Nair, a seasoned technology leader at Mphasis, will assume the role of Chief Architect & Chief Technology Officer (CTO) at Mphasis.ai to spearhead the further development, deployment, and expansion of the business unit, as well as work with our Partnerships team to develop its ecosystem of partnerships and solutions in this domain.

Mphasis, through this business unit, offers services including Generative AI Advisory, AI App Development, Reinforcement Learning Based Conversation Design, Industry Specific Model Development & Large Language Models (LLMs) Fine-tuning, Prompt Engineering, LLM Application Testing, Factuality Evaluation, and Data Prepping. The transformative power of this business unit is expected to enhance engineering productivity while driving innovation of the Contact Center, IT Operations, Business Operations, and Experience for enterprise clients.

Examples from the business unit’s suite of intelligent service offerings include:

•  Generative AI Advisory engagement: This is an offering that is targeted to help Enterprises to assess where AI can have the biggest impact in the chosen areas. The output of this engagement can help drive the AI strategy and the clients can leverage Mphasis.ai to execute this strategy.
•  Contact Center & Customer Experience Transformation: This is a solution that helps enterprises deliver great customer, Agent, and employee experiences, reducing digital leakage and delivering operational efficiencies by introducing AI-based interventions into the contact center ecosystem. The solution integrates Kore.ai which will revolutionize the way businesses including Banks, Retailers, Insurance, Travel, and Healthcare companies interact with their customers by enabling the quick deployment of conversational agents powered by Generative AI.

Mphasis has partnered with several Hyperscalers such as AWS, Google Cloud Platform (GCP) Microsoft Azure while collaborating with specialized market-leading AI platforms and solutions companies such as Kore.ai (Gartner Leader in Conversational AI platforms) and Databricks amongst others. Mphasis’ recent partnership with Kore.ai, will create strong collaborations that enhance the integration, implementation, development of solutions, and engineering of top-notch AI solutions. Through this strategic partnership, Mphasis will enhance its capabilities to revolutionize customer experience management and employee engagement for its enterprise clients.

Affordable Robotic and Automation Limited Reports Strong Stand alone Annual Financial Results for FY 2023

India, June 01, 2023 – Affordable Robotic and Automation Limited (ARAPL), one of the leading Automotive Project-based line builders, Automated Multilevel Car Parking System providers and Warehousing Automation Solution providers in India, announced its audited standalone financial results for the fiscal year 2023. The company continued its growth momentum and achieved significant milestones, reporting a total revenue of INR 113 crores in FY 2023.

ARAPL demonstrated impressive financial performance throughout FY 2023, with key highlights as follows:

Revenue: The company experienced a remarkable 40% growth in revenue, reaching INR 11337.24 Lakhs in FY 2023 compared to INR 8123.28 Lakhs in FY 2022.

EBITDA: ARAPL achieved a substantial 66% growth in EBITDA, reaching INR 1007.45 Lakhs in FY 2023, compared to INR 606.03 Lakhs in FY 2022.

PBT: The company witnessed a remarkable 145% growth in profit before tax (PBT), reaching INR 602.71 Lakhs in FY 2023, compared to INR 245.68 Lakhs in FY 2022.

PAT: ARAPL achieved a remarkable 89% growth in profit after tax (PAT), reaching INR 447.78 Lakhs in FY 2023, compared to INR 236.91 Lakhs in FY 2022.

These results reflect ARAPL’s commitment to delivering innovative automation solutions and its continued focus on driving growth and profitability. The company’s success can be attributed to its strong customer relationships, robust project execution, and continuous investment in research and development.

“We are delighted to announce another successful year for ARAPL, marked by significant growth in revenue and profitability,” said Mr. Milind Padole Managing Director, ARAPL. “Our continued focus on providing cutting-edge automation solutions has enabled us to strengthen our position in the market and deliver value to our customers. We remain committed to expanding our product portfolio and market reach with partners to address the evolving needs of our clients.”

With its consistent track record of success and commitment to excellence, ARAPL is well-positioned to capitalise on the growing demand for automation solutions in India and beyond.

Segment Wise Sales FY 2022-23:

Automation Segment:

ARAPL achieved an exceptional revenue growth of 28.14% in the automation segment, reaching 7205.3 Lakh in FY23 compared to 5623.24 Lakh in FY22. This growth can be attributed to our continuous innovation, technological advancements, and commitment to delivering cutting-edge automation solutions.

Car Parking Segment:

The car parking segment experienced an outstanding revenue growth of 64.93% in FY23, with revenue totaling 4030.4 Lakh compared to 2443.78 Lakh in FY22. ARAPL’s state-of-the-art car parking solutions, which prioritize efficiency and convenience, have garnered significant demand in the market, contributing to this remarkable growth.

Other Segments:

ARAPL also witnessed notable growth in its other segments, with a revenue increase of 101.49 Lakh in FY23, up from 56.26 Lakh in FY22. This growth underscores our diversified product portfolio and the successful expansion into new areas.

Overall Performance:

ARAPL achieved an overall growth of 39.56% in FY23, with total revenue amounting to 11337.24 Lakh, compared to 8123.28 Lakh in FY22. This exceptional performance is a testament to the dedication, hard work, and expertise of our talented team and the strong market demand for our innovative solutions.

Order Book:

As of April 1, 2023, ARAPL boasts an impressive order book of approximately 80 Crore. This substantial backlog signifies the confidence and trust placed in our products and services by our esteemed customers.