Tag: CEO

Business

ATS Homekraft, premium homes developer, plans projects worth 4000 crore after closing FY 22 at Rs. 1040 crores

May 3, 2022 by Rekha Nair 0 Comments #ATS Homekraft, #CEO, #Mr. Mohit Arora

Bangalore, May 2022: ATS Homekraft, headquartered in NCR, has clocked total sales of Rs 1040 crore in the financial year 2021-22. The real estate company is planning expansion nationally and will launch new projects in Sohna, Gurgaon, Powai (Mumbai), Rohini (Delhi), Panipat (Haryana), Panchkula and Ghaziabad with a total investment of approximately INR 4000 crore. The Company has already signed joint development agreements for residential projects in the key micro-markets of Gurgaon, Sohna, NCT Delhi, Panipat and Mumbai, adding around 60 lakh square feet of development potential that will be launched in the coming year.

The company performed exceptionally even when the covid pandemic and subsequent lockdowns had hit the entire housing industry hard. ATS Homekraft, which provides aspirational homes to Indian buyers, launched two projects in the financial year 2021-22 wherein more than 80% of the launched inventory was sold within 2 days. Their first launch during the financial year, Floral Pathways in Ghaziabad, sold 328 residential units during launch. Similarly, their second launch – Pious Orchards in Noida – attracted the home buyers instantly with 194 units getting sold out within hours.

The Company was incepted in 2018 by ATS Group to focus on mid-income housing needs in India and is currently executing 5 projects in the NCR region, with a total built up area of approximately one crore square feet. HomeKraft holds an impeccable track record in terms of quality, construction timelines and customer satisfaction. The other 3 projects of the Company are running much ahead of their promised timelines with 95% sold out.

“Coming out of the pandemic with an altered working environment and a re-realisation that good quality homes have a significantly positive impact on families, we have seen an unrelenting appetite for homeownership and the same was supported by monetary policy last year. We are a developer of aspirational homes for our markets as we focus on catering to the changing needs of consumers and an asset-light strategy, said Mr. Mohit Arora, CEO, ATS Homekraft.

Business

Paytm Money gives HNIs in Maharashtra ₹5 lakh limit for IPOs through UPI; offers free demat accounts to new investors

May 2, 2022 by Rekha Nair 0 Comments #CEO, #Paytm Money, #Varun Sridhar

Mumbai- May 2022: One97 Communications Limited (OCL) that owns the brand Paytm, India’s leading digital payments and financial services company, today shared that its wholly-owned subsidiary Paytm Money Limited (PML) is enabling high networth individuals (HNI) in Maharashtra to place higher bids of upto ₹5 lakh for Initial Public Offerings (IPOs) effortlessly through UPI. The platform is growing organically, with the lowest prices in the country, as it charges zero fees for delivery, ₹10 for intraday trades and ₹10 for F&O orders.

To enable new retail investors to start their wealth management journey, Paytm Money is also offering free demat accounts for lifetime to all. Paytm Money was the first platform to offer pre-open IPO applications and it is also available for LIC IPO.

Varun Sridhar, CEO, Paytm Money, said, “We are the super app of wealth management, giving users the power of investing. The addition of the HNI investor category will allow retail investors in Maharashtra to place higher IPO bids through NPCI UPI in a convenient and seamless manner. This new service has been launched in view of the growing appetite for high-value IPOs among Indian investors and comes at an ideal time, right ahead of the much-awaited LIC IPO. 

He further added, “We have seen immense growth on the platform organically in such a short period of time. Our aim is to enable new investors in their wealth management journey and so ahead of LIC IPO, we are offering free demat accounts for lifetime.” 

The platform has achieved a rapid growth rate organically with over 8.5 lakh trading accounts along with 9 million registered direct Mutual Fund investors. Over 75% of users on the platform are below the age of 35. Paytm Money has a total AUM of ₹11,000 crore, with an average daily turnover of over ₹70,000 crore. In the last one year, the platform has processed over 16.2 million mutual funds transactions and over 31 million equity orders. The platform is also among India’s Top 3 digital distributors of NPS on fintech apps with 1L+ registered users. The Paytm Wealth Community has over 1.3 lakh unique users, has hosted 390 Live Events which have made way for 3,000 Hours of content viewed. In the last year, most popular IPOs on the platform were Zomato, Glenmark Lifesciences, Paytm while the top stocks held by the users were Tata Motors, Tata Power, ITC.

Steps to apply for LIC IPO through Paytm Money:

● Go to the IPO section on Paytm Money’s home screen.

● Select the investor type as per preference. Individuals who are looking to place bids upto Rs 5 lakh can do so by opting for the HNI category. Allotment in HNI investor type will be done proportionately on the basis of subscription numbers in this category for IPO.

● If you are a policyholder, on the IPO details page, under the ‘Investor Type’ select Policyholders. Additionally, your PAN should be linked to LIC policy and this PAN should be the same as the one linked to Paytm Money’s demat account. If you meet these criteria, you can choose the policyholder option.

● The LIC IPO option will be available in the ‘Current & Upcoming’ tab within IPOs.

● Once you click on the option you will see the ‘Apply now’ button which will take you to the bid page. On this page, you can update the price and quantity for your application.

● In the ‘Add UPI Details’ section, update your UPI ID and click on ‘Apply’.’

● Once the allotment happens, you would be notified about your allotment status.

Optimum Way to Apply for LIC IPO on Paytm Money across different categories
Application amount upto 2 Lakhs 2 Lakhs 2 Lakhs 5 Lakhs
Discount Rs. 60 Rs. 45 Rs. 45 Rs. 0
Category Policyholder Employee Retail HNI
Individual upto 2 lakhs N N Y N
Individual upto 5 lakhs N N N Y
Policyholder upto 2 lakhs Y N N N
Policyholder upto 4 lakhs Y N Y N
Policyholder upto 7 lakhs Y N N Y
Employee + Policyholder upto 6 lakhs Y Y Y N
Business

MTR Foods forays into an all new category of fresh Idli and Dosa batter with the launch of MTR Minute Fresh

Dec 17, 2021 by Rekha Nair 0 Comments #CEO, #MTR Foods Pvt. Ltd, #Sanjay Sharma

India: MTR Foods Pvt. Ltd, the pioneer of packaged food products in India, announced its foray into the fresh Idli and Dosa batter category with the launch of MTR Minute Fresh today. The Minute Fresh range has been developed on the basis of MTR’s extensive knowledge and legacy in ethnic Indian food, along with the consumer insight that Idlis and Dosas are different products and hence the same batter cannot be utilized to make both.

A superior-quality range of products under the brand’s hyper-convenient Minute portfolio, the new fresh batter formats will be available in three distinct variants.

Unveiling the Minute Fresh category, Sanjay Sharma, CEO, MTR Foods Pvt. Ltd, said, “The surge in this category post the lockdown cemented our decision to introduce the Minute Fresh range of Idli, Dosa and MTR Signature Dosa batters this year. Owing to the unique demands of the fresh category, we have started a customized manufacturing unit, cold chain with a dedicated sales team that will cater only to MTR Minute Fresh. We are confident about the success of this new addition to the MTR portfolio.’’

Based on an extensive consumer study, MTR Foods understood that the consumer wants convenience without compromising on authenticity and taste. This insight led to the development of separate batters for Idli and Dosa.

Commenting on the launch Anupam Nair, General Manager, MTR Foods said, “We developed the products and tested them with the consumer at every step, to create the three variants. Today we can very confidently state that these products will deliver to our consumers the same taste of home-ground idli and dosa batters.”

The MTR Minute Fresh range of batters will be available across Bangalore.

Business

Orion unveils two latest innovations for snacking: Strawberry-filled Choco Pie and the Biggest Choco Chip Cookie

Dec 15, 2021 by Rekha Nair 0 Comments #CEO, #Orion India, #Saurabh Saith

Gurugram: In tune with the evolving preferences of the Indian consumers, Orion, one of the largest food companies of South Korea, has introduced two innovative products: Orion Strawberry Choco Pie, a Choco-pie center-filled with the pulp of handpicked real strawberry, and the Ultimate Choco Chip, a large size cookie with real chocolate Choco chip. The launch is in line with company’s expansion plans to introduce more products and get into new geographies and stores.

Following the overwhelming response to its original Choco-pie in India, the addition of strawberry-filled Choco-pie is expected to further expand Orion’s market share. The Ultimate Choco Chip, is a premium and differentiated product, marks the company’s foray into India’s packaged cookies and premium biscuit segment.

The Orion Strawberry Choco Pie, weighing 28 grams each. A pack of six pieces is priced at INR 90, and the 12-piece pack at INR 180.

The Ultimate Choco Chip weighs 16.67 grams each – with 26% Choco chip content. A pack of six pieces of the Choco chip is priced at INR 60.

Both Orion Strawberry Choco Pie and The Ultimate Choco Chip are 100% vegetarian & hygienically packed products using state of the art machines in India.

Saurabh Saith, CEO, Orion India said, “We are happy & excited to present Orion Strawberry Choco Pie, it is a unique center filled product with 39% real strawberry. We use real strawberry pulp to conjure up an exciting flavor, a mix of chocolate+ strawberry+ marshmallow. Strawberry has been given a balanced tangy + sweet taste and leaves the consumer wanting for more. We are equally happy to launch The Ultimate Choco Chip cookie, also marks our entry in cookie segment in India. It is one of the largest cookies available in the branded-packaged format in India, featuring an exquisite taste and aroma of Choco Chips and contains 26% real chocolate, one of the best in the industry. These innovations are born of Orion’s global expertise, R&D prowess and quick adaptation to Indian consumers’ preferences. As per our corporate philosophy, we will keep getting world class products to delight consumers in India. India is Orion’s big strategic bet and company will continue to invest here following the approach of Make in India and Delight India.”

Orion is committed to bring the best of K-food to the world. It’s offering, Orion Choco Pie, is popular across multiple countries. Since the launch of its original Choco-pie in India, the company has been introducing world class, quality products to expand its portfolio in the country. Riding on volume growth, the company is now aiming at aggressively increasing its market share in the country.

Business

U.S. Polo Assn. India ropes in actor Arjun Rampal as their new brand ambassador, launches new campaign ‘play together’

Dec 8, 2021 by Rekha Nair 0 Comments #Arjun Rampal, #brand ambassador, #CEO, #Mr. Amitabh Suri, #U.S. Polo Assn - Arvind Fashions Limited, #U.S. Polo Assn.

Mumbai: U.S.Polo Assn., the official brand of the United States Polo Association (USPA) retailed in India by Arvind Fashions Limited, today announced style icon Arjun Rampal as the India brand ambassador for its new ‘Play Together’ campaign. This is the first time the brand will have an Indian ambassador. This announcement comes ahead of the brand creating a new store identity for all the upcoming stores as a part of its expansion plans.

U.S. Polo Assn., Brand Ambassador, Arjun Rampal, said,“Being associated with an iconic brand like USPA is a great feeling and becoming the first Indian brand ambassador is truly an honour. U.S. Polo Assn. is known for its sport-inspired, classic American style and each season the brand takes it a notch higher. The new campaign focuses on twinning which is a fun and fashion-forward concept that captures the pure, emotional bond fathers share with their children. As a father this is what drew me to the brand.”

As part of the expansion plan, the brand will release the new ‘Play Together’ campaign featuring Arjun Rampal and will also unveil the new brand look across its 392 stores in India. The new stores will have an ‘all-white’ interior with the U.S. Polo Assn. brand colours. The signature red, blue & white stripes will welcome customers at the entrance. Wood, metal, and concrete detailing will further add to the overall look. As you step into each store, a ‘polo wall’ that embodies the spirit of the game draws all your attention.

Speaking on the expansion, Mr. Amitabh Suri, CEO, U.S. Polo Assn – Arvind Fashions Limited, said, “Through our new campaign with Arjun, we are focussed on expanding the brand reach to the offline and online customer base. ‘Play together’ captures the emotional & playful bond a father and child share by twinning their look. This thought is also reflected in the clothes and accessories we offer for both men and children. Arjun’s association with the brand draws an instant parallel to his real-life persona, making it very relatable for the audience. His huge fan base will encourage demand and excite our consumers to visit our remodelled stores that embody the spirit of Polo – classic, and cool.”

The ‘Play Together’ Campaign is conceptualized by WYP Creatives, produced by Karma Productions & shot by ace director and photographer, Bosco Christopher Bhandarkar & Rid Burman. The campaign comes to live with actor Arjun Rampal through talent firm Exceed Entertainment. It showcases Arjun twinning with his onscreen child in the new Autumn Winter range by USPA. Staying true to the brand spirit, the campaign was shot in the authentic world of polo with the field full of barns, horses, and equipment.

The ‘Play Together’ campaign will be out on all major print and digital platforms from 8th December and will set the tone for an exciting season ahead for U.S. Polo Assn.

Business

Max Life Insurance’s India Retirement Index Study reveals 9 in 10 Urban Indians worry about savings not lasting through retirement

Dec 7, 2021 by Agency 0 Comments #CEO, #Karvy Insights, #Managing Director and CEO, #Max Life Insurance, #Prashant Tripathy, #Sonia Pall

Bangalore: Max Life Insurance Company Ltd. (“Max Life”/ “Company”), in partnership with Karvy Insights, today launched the first edition of its ‘India Retirement Index Study’ (IRIS) that maps the retirement preparedness of consumers in India. The retirement-focused survey aims to reveal the state of urban India’s preparedness to lead a healthy, peaceful, and financially independent retirement life.

According to the study, urban India’s Retirement Index (on a scale of 0 to 100) stands at 44. The study further measures retirement preparedness on the basis of 3 components – health, financial and emotional index. The degree to which Indians feel financially secure for retirement or the ‘financial preparedness index’ stands at 50 indicating concerns over financial wellbeing. The ‘emotional preparedness index’, with respect to community support including family and friends for emotional, social needs during retirement, scored high at a notable 62. The ‘health preparedness index’ ranked the lowest at 41 emerging as a key concern.

Commenting on the launch of IRIS, Prashant Tripathy, Managing Director and CEO, Max Life Insurance said, “As life expectancy rises and health patterns shift, retirement is set to become an important priority for a sizeable part of the population. Accentuated by the pandemic, the recent economic climate witnessed lower wage growth, financial uncertainty and job losses, resulting in further straining individual, household incomes. It is therefore important to understand the sentiment and challenges of our consumers today as we prepare for tomorrow. Our first edition of ‘India Retirement Index Study’ in partnership with Karvy Insights, serves as a comprehensive survey that gauges urban India’s behaviour and attitude toward retirement planning, savings, and investments in a deeply relevant manner. We are certain the study will create a benchmark for life insurance and offer insights to help innovate and meet the customers’ evolving needs as they inch towards retirement planning.”

Through a self-administered digital study, 1800+ respondents were surveyed across 28 cities comprising 6 metros, 12 Tier I and 10 Tier II cities to understand urban India’s readiness to lead a healthy, secured and financially independent retirement life.

Sonia Pall, CEO, Karvy Insights, remarked, “IRIS presents us with useful insights with regards to urban India’s attitudes towards retirement savings, investments, and the overall idea of financial protection during one’s golden years. It is a compelling take on urban India’s attitudes and preparedness for future retirement which comes at a time when future financial wellbeing and health matters are on the minds of many. We’re happy to be associated with Max Life Insurance in their endeavour to ensure urban India’s financial protection across all stages of life”

Max Life Insurance’s flagship survey – India Protection Quotient, reveals insights on the state of urban India’s current financial protection and preparedness to meet the financial uncertainties of today. With this new survey – India Retirement Index Study – Max Life Insurance aims to map the pulse of the Indian consumer on their preparedness for tomorrow’s retired life.

KEY FINDINGS:

URBAN INDIA’S OUTLOOK TOWARDS RETIREMENT

Retirement evokes positive sentiments, yet 1 in 3 Indians do not want to retire

While health and financial preparedness for retirement is low, IRIS reveals that urban Indians have an overall positive outlook on retirement. 68% associate it with positive thoughts such as more time to take care of family, hassle-free living and greater independence. Despite this, 33% or nearly 1 in 3 respondents do not want to retire. 19% cited they prefer to retire between the ages of 56 and 60. In comparison, 12% preferred to retire even later between 61 – 65 years.

Retirement readiness highest in West Zone and Metros, North and South Zones least prepared

With a retirement index of 49, the West zone outperformed other regions in terms of overall preparedness towards retirement. East came a close second with a retirement index of 45 with both North and South standing at 42. The survey also noted that the West zone was the most prepared financially, emotionally, and health-wise for retirement. Similarly, with a retirement index of 47, metros felt most prepared for retirement. Tier 2 cities demonstrated a retirement index of 44, followed by Tier 1 cities at 43.

ATTITUDE TOWARDS RETIREMENT INVESTMENT

47% of urban Indians invest in retirement for financial independence

Due to an overwhelming sense of insecurity, 47% of Indians are investing for retirement to ensure there is ‘no need to depend on others for financial needs’, with 38% investing with the aim to ‘maintain a lifestyle during retirement’

70% aware of retirement corpus amount, yet 1 in 4 believe ideal age to start planning after 65 years
The survey found that 70% of respondents were aware of the retirement corpus amount, highlighting urban India’s awareness of increasing costs and the financial requirements to sustain their current lifestyle during retirement.

According to the survey, nearly 80% of the respondents feel they should have started investing earlier towards retirement. 41% of respondents said one should start planning for retirement along with other financial responsibilities. At the same time, 26% or nearly 1 in 4 believe that the ideal age to start planning for retirement is when they reach 65 or their phase of second innings, further widening the gap towards sound retirement planning.

45% depend on children for retirement support

While identifying the challenges to retirement investment, the survey found that 45% believe their children will aid them in old age whereas 36% said they have adequate family wealth or other financial sources which will cater to their needs during retirement. A concerning 23% said they haven’t even thought about retirement planning.

Only 24% consider ‘savings for retirement’ as a financial priority, despite 56% believing that savings will be exhausted within 10 years of retirement

The pandemic has further exacerbated long-standing issues around income generation, leading to 56% of the respondents believing that their savings will be exhausted within 10 years of retirement. Only 24% consider ‘savings for retirement’ as a financial priority

67% of urban India consider life insurance the most suitable product for retirement savings; only 40% have invested in it

The survey also highlighted Indians investing in various retirement products. 67% of respondents consider life insurance as the most suitable product for retirement savings whereas only 40% were found to be investing in it for their retirement. Bank deposits were found to be the second most suitable product by 41%. 31% cited real estate as most suitable, 26% said physical gold and 25% preferred to invest in mutual funds/ETFs/SIPs.

OTHER INSIGHTS

Business owners, salaried and self-employed individuals demonstrated an equal emotional preparedness
IRIS found that among the respondents, business owners along with salaried and self-employed individuals demonstrated an equal emotional preparedness index of 62.

Men and women at par with their retirement preparedness

While men had an overall retirement preparedness index of 44, women were almost at par with the retirement preparedness index of 43. Almost 80% are hopeful of leading a healthy and fit life during retirement. The survey brought to light that 4 out of 5 Indians are hopeful of being ‘hale and hearty’ in their retirement years. 63% said good health would be the most important aspect for retirement followed by financial support (29%) and social support (8%).

Business World

boAt partners with Unicommerce to expedite order delivery and elevate the post-purchase experience

Dec 7, 2021 by Rekha Nair 0 Comments #boat, #CEO, #CEO Unicommerce, #Kapil Makhija, #Vivek Gambhir

New Delhi: boAt, Indian largest audio wearable brand announced its association today with Unicommerce, India’s largest e-commerce focused supply-chain SaaS technology platform, to strengthen its supply-chain operations and ensure faster delivery for all orders received on the brand website. The company will be leveraging Unicommerce’s order management solutions to manage the rising demand on the brand’s website and elevate the post-purchase experience. The solution allows boAt to effectively allocate orders and manage all orders and inventory on a single platform. The company is currently managing around 6000 average order per day with an inventory of 5.5 mn products stored across multiple warehouses located across various locations in the country.

With a wide range of audio products and wearables, the company is gearing towards great customer experience by enabling faster deliveries and seamless online shopping experience through its brand website. In order to further streamline their existing supply chain management and logistics, the partnership will ensure smoother business execution and accelerated growth. The Unicommerce platform also offers a vigorous AI-based technology that allows brands to reduce order fulfillment time and utmost customer satisfaction.

Commenting on this partnership, Kapil Makhija, CEO Unicommerce, said “BoAt in an iconic youth audio technology brand in India and we are ecstatic to partner with them and support them in their e-commerce journey. Through this partnership, we are committed towards strengthening its brand website operations and this association will further help them in faster order fulfillment process and significantly reduce return orders. We have industry’s finest technology solutions designed for companies with a focus on selling through brand websites, our seamless integration with leading website platforms and logistic solution providers makes us a preferred choice of many brands and retailers.”

The Unicommerce solution comes with 150+ hassle-free integrations which include global marketplaces, website platforms, logistics providers, ERP, and POS systems.

Speaking on the partnership Vivek Gambhir, CEO, boAt said “We are delighted to partner with Unicommerce to elevate our supply chain operations for our brand website operations. We are witnessing consistent traffic growth on our website and with the unique tech capabilities of Unicommerce, we are hopeful that we will be able to streamline our operational flow, reduce return orders, and ensure consistent repeat customers by enhancing the post-purchase experience for our consumers. We have a wide product range for audio and wearable products portfolio and we are confident that with this partnership we will be able to further expedite our brand’s growth.”

At 1 million+ daily transactions, Unicommerce clocks over USD 5 billion GMV annually. Moreover, the e-commerce automation platform currently processes over 20% of India’s total volume of shipments. Considering its rapid growth in the last few years, the company plans to increase its workforce by over 60% to fuel its future agendas.

Business

Mantra Properties enters into commercial real estate Unveils its first exclusive commercial project Mantra Business Centre at Upper Koregaon Park, Pune

Dec 6, 2021 by Rekha Nair 0 Comments #and CRM (Head) at Mantra Properties and Developers, #CEO, #Mantra Properties, #Marketing, #Mr. Nitin Gupta President- Sales, #Mr. Rohit Gupta

Pune… Mantra Properties, Pune-based renowned developer and creator of lifestyle homes, the youngest and the fastest growing real estate company in Pune, is all set to make its mark in the commercial real estate market in Pune. Mantra Properties unveiled their flag ship commercial project Mantra Business Centre. The promising new project is located between the IT hubs of Kharadi and Hadapsar on one side and the upscale Koregaon Park on the other. The key highlight of the project being it offers minimal travel time for working professionals. Upper Koregaon Park is a residential/industrial area that is gaining popularity as a promising real estate destination due to its proximity to the city’s major IT hubs. Upper Koregaon Park, as the proposed riverside road is named, will improve connectivity from Koregaon Park, making it even more accessible.

In keeping with Mantra’s promise to provide premium experiences to its customers, the new launch features a 1-acre premium sector within an 8-acre land parcel. It will consist of two residential towers and one commercial tower with integrated retail that will offer office space. The design incorporates well-planned spaces with minimal common walls and zero waste. Upper Koregoan Park is conveniently located, giving visitors easy access to everything they need. The project makes it simple to get to the IT hubs of Kharadi, Magarpatta, Kalyaninagar, and VimanNagar, among others. The projects are close to a number of well-known hospitals. In general, the project is in a good location for those looking to upgrade.

Pune has evolved over the years from an educational town to one of the most sought-after IT hubs in the suburbs, with multiple infrastructural projects flocking the region. Mantra Business Centre’s sought-after location puts you just minutes away from malls, hospitals, schools, and other amenities. High-street retail, EV charging, power backup, and other services are all available at Mantra Business Centre, “Superior by birth”.

At the press conference, Mr. Rohit Gupta, CEO, Mantra properties said, “Mantra Properties has become a beacon of light to the Pune realty sector especially in the aspirational mid-segment housing. We have grown at path-breaking speed. Continuing the legacy, in our 15th year, we are entering the commercial real estate with the launch of Mantra Business Centre. We’ve seen how India’s corporate sector has had to adapt to a work-from-home culture in the last year. Despite the significant challenges posed by the Covid-19 pandemic, businesses have expressed a strong desire to return to traditional office spaces. As covid regulations become less onerous, people are returning to their offices and migrating to different cities in search of better opportunities. Pune is a top destination for IT companies and tech start-ups. At Mantra, our goal is to provide the best options for young and dynamic entrepreneurs.”

Mr. Nitin Gupta President- Sales, Marketing, and CRM (Head) at Mantra Properties and Developers said, “After creating disruption in the residential real estate segment, we have now decided to take the next step in Mantra Properties’ success story and venture into commercial real estate. With our expertise and dedicated efforts to provide best-in-class experiences to our customers, we are sure that this project too will become a customer-favourite. We are excited to open up the project to customers and hear their thoughts about our new venture.”

Mantra properties have imprinted one of the largest inventory footprints in Pune and PCMC. With 15 ongoing projects and 7.7 million sq. Ft under development, Mantra Properties has one of the largest footprints of inventory in Pune and PCMC. Along with that in the current quarter the company achieved a huge success and customer response with its 3 newly launched residential projects, named Mantra Wonderland (4.5 acres)– Keshav Nagar, Mantra Infinity (5 acres) – Upper Koregaon Park and Mantra Benchmark – Akurdi (3.5 Acres) with two more upcoming projects in the pipeline for FY2021-2022 across Pune and PCMC with about 2 million square feet of development.

Business

Costa Coffee opens its first-ever 24*7 flagship store in Gurugram

Dec 4, 2021 by Agency 0 Comments #CEO, #Costa Coffee, #Devyani International Limited, #President and CEO, #Sundeep Chugh, #Virag Joshi

Gurugram: Costa Coffee, the world’s second-largest coffee chain, managed and operated by Devyani International Limited (DIL) in India, today announced its expansion in the Delhi NCR region with the launch of its first-ever 24*7 flagship store in Gurugram in a never-seen-before design. Strategically located in the heart of the city, at DLF Galleria Market, one of the prominent shopping areas of Gurugram, the new store will bring the authentic Costa experience on all channels – Dine-in, Takeaway, and Delivery to be primarily led by an all-women team.

Speaking on the launch, Mr. Virag Joshi, President, and CEO, Devyani International Limited said, “The flagship store in Gurugram marks an important milestone in the brand expansion journey and will set the pace for future in making the Costa experience more accessible, exciting and interesting for coffee lovers, especially in Delhi NCR region. As a valued franchise partner of the brand, DIL is excited to grow the Costa brand in India and extend its strong coffee heritage built on passion and perfection, known and loved the world over.”

“It gives us immense pride to launch this store with a women team at the core. DIL remains committed to creating and strengthening opportunities for women and fostering diversity across all our brands – KFC and Pizza Hut where all-women teams have already been leading successful restaurant operations for some of the stores,” he added.

Mr. Sundeep Chugh, CEO, Costa Coffee, Devyani International Limited said, “We are delighted to launch our flagship store in Gurugram, which would be our second store in the city—but one which will offer many firsts from the brand. We want to meaningfully expand into cities and neighborhoods where we feel our customers want to see us. Gurugram has grown not only as a city but also as a conglomeration of people who not only enjoy but also understand and appreciate great coffee. And we feel proud to be able to serve our offering here in an exciting new design that aims to deliver an elevated experience and responds to the evolving appetite for fresh ways to enjoy coffee.”

New Breakfast Menu

The store will offer customers a wide range of Costa Coffee beverage offerings using our exclusive Mocha Italia blend. This includes our espresso-based beverages such as Flat White, Cappuccino, Americanos, Latte, Mocha, and Cortado. The store will also have our limited edition Tiramisu flavored drinks to ring in the Christmas season along with our signature creamy and indulgent hot chocolate.

With the launch of this store, an enhanced food menu, freshly made every day, will be available throughout the day featuring delicious new entrants such as Pancakes with a variety of toppings to make it a hearty breakfast or dessert. This comes along with our existing menu of savory and sweet delights which consists of sandwiches, wraps, pastries, cakes, ice-cream desserts, and cookies.

The store also introduced a dedicated range of breakfast options such as Pancakes, Bun Omelette, Croissant, Egg white, Cheese, and Chicken Ham in Multigrain Croissant and many exciting dishes on the menu. Consumers can even pair coffee with some of their breakfast favorites as breakfast meals are available at a special price.

New Store Design

The new store boasts an evolved interior design with a coffee-first approach anchored on Costa’s brand purpose – “To inspire the world to love great coffee.” The new interiors are lighter, brighter, and more human and aim to deliver a warm and welcoming store environment, in keeping with the feel Costa is known and loved for, whilst evolving the interior to suit the needs of the metropolitan customer.

The detail and handcrafted approach to the store design reflects Costa’s heritage and passion for coffee at every touchpoint and is graphically reflected through wallpaper, art, and installations. The new hand-drawn pattern of wallpaper, which gives the store an elevated and premium look, is inspired by the growth of the coffee plant and the destinations in which Costa’s coffee beans are grown. A second wall installation consists of layering laser cut latte art stencils of various scales to give a handcrafted feel.

Intuitive seating zones have been introduced for different customer mindsets and times of day, with more upholstered seating. Screens have been introduced to give a sense of privacy to the seats. Customers can also enjoy free Wi-Fi 24×7 at the store while relishing their favorite coffee and food. The new store will also offer branded merchandise including the coffee tumblers and our signature Mocha Italia Blend.

With this launch, Costa Coffee strengthens its presence with a total of 50 stores across all formats covering high street, shopping malls, airports, hospitals, corporates & highways. This new flagship store follows the recent store openings in Kochi, Mohali, and Bengaluru which came after Devyani International Ltd. formalized an extension of its partnership with Costa Coffee for a five-year period with pan- India development rights in a phased manner.

Education

EduBridge Learning in association with MGM College of Engineering & Technology organizes a nationwide free placement counselling workshop

Dec 4, 2021 by Agency 0 Comments #CEO, #Director, #Dr Geeta Latkar, #EduBridge Learning, #Girish Singhania, #MGM College

New Delhi: EduBridge Learning, India’s leading workforce development platform in partnership with Mahatma Gandhi Mission’s (MGM) College of Engineering and Technology organized a nationwide free placement counselling session for the students. Aiming to counsel the students to choose the right career path after they graduate and unfold the end number of opportunities ahead, EduBridge Learning conducted the session in the hybrid format for making it accessible to all.

The session started with an inspiring speech by Mr Girish Singhania, CEO, EduBridge Learning, who talked about contemporary job trends, new age job profiles and the rising career opportunities in various sectors like BFSI and IT/ITeS. Various eminent personalities such as former Education Minister, Mr Kamal Kishore Kadam and Director of MGM College of Engineering and Technology, Dr Geeta Lathkar, graced the occasion to encourage the participants to enhance their skills and get ready for a bright future.

“In today’s competitive time, many sincere and talented graduates are in need to be rightly guided and explained about the abundant job opportunities in different fields such as banking and technology. We at EduBridge Learning believe that the right counselling can really help these youth. I am sure that this interactive session will definitely guide them to choose the right career path for them.” Mr Girish Singhania, CEO, EduBridge Learning said.

Giving the session a personal touch, ten counsellors from EduBridge Learning, conducted one-on-one sessions with the students. These counsellors highlighted several ways to enhance skills to get a desirable job. They also talked about the current trends, company requirements, available certifications and designations as well as resume grooming.

At the end of the session Dr Geeta Latkar, Director, MGM College praised this initiative and said, “We would like to thank EduBridge Learning for such a wonderful workshop for our youth. In the era of digitization we have lots of opportunities which are unknown to us. These students need such guidance sessions to be more aware of new career job opportunities. We are looking forward to conduct more such sessions with EduBridge Learning in the future.”