Tag: Joint Managing Director

Business

Greenply launches its short film ‘The Table’ as a part of its festive campaign

Nov 2, 2021 by Rekha Nair 0 Comments #Greenply Industries Ltd, #Joint Managing Director, #Mr Sanidhya Mittal

National: Greenply Industries Limited, India’s largest interior eco-friendly infrastructure company with over 30 years of experience in manufacturing a comprehensive range of plywood, decorative veneers, flush doors, and other allied product has launched a short film ‘The Table’ as a part of its festive campaign. The film revolves around the emotional connect of a mother with a table at her home and how the table becomes the fulcrum of a family reunion during a festive occasion. The short film stars Dhritiman Chatterjee and Zarina Wahab in the lead. The hashtag of the campaign is #YahanRishteBasteHain.

A piece of furniture is just not a piece of furniture. A bed is a central piece of a bedroom where the love flourish. A dining table is the centre of a family bonding. A study table is a bitter-sweet relation between siblings. Furniture witnesses the growth, shift of generations, they are the part of a family. We keep hosting Diwali dinner on the same dining table year after year. This shows the longevity and the persistence presence of that piece of furniture which just doesn’t remain a piece of furniture.

The film centres around the emotions of a mother and her relationship with a dining table which is there in her family for years. The table has witnessed the growth of their family from a couple to a family to now grandparents. The table symbolizes the feelings of a mother. The mother keeps remi-niscing about the moments. How the table slowly becomes ‘full’ of their expanding family. She rues the fact that how for the last many years the table remains empty as the children have left the nest. Her anguish comes in the form of her demand to her husband to sell off the table as its big in size and their family now is limited to just two of them. Her husband understands the underlying emotion and knows that it’s just an expression of her sadness and she doesn’t mean it. The story revolves around this emo-tional connect of the mother with the table and how the table again becomes the fulcrum of a family reunion on the festive occasion.

Talking about this campaign, Mr Sanidhya Mittal, Joint Managing Director, Greenply Industries Ltd said “Greenply is a brand that has care at its core. The brand acts as a fulcrum of activities in a family. With its durability and quality as core promise, the brand remains with the family for the longest period and slowly becomes the part of a family than just a piece of a furniture. Through this campaign we want to connect emotionally with our audience and bring out the role which our brand plays in the consumers’ life.”

The promotions of the campaign will be led through the digital platforms. Through this campaign Greenply is looking to establish a deeper connect with the audience.

Business World

Lotus Organics+ announces its collaboration with Exclusive lane.com

Jun 7, 2021 by Neel Achary 0 Comments #Joint Managing Director, #Lotus Herbals, #Mr. Nitin Passi

To mark World Environment Day, the premium organic skincare brand Lotus Organics+ has collaborated with ExclusiveLane.com. This online handicraft brand encourages and helps small artisans to market their eco-friendly products across the globe. A digital campaign will run on social media platforms of both the brands to create awareness amongst their respective audiences on how these brands are engaged in sustainable practices to protect the environment. From home decor to cutlery, ExclusiveLane.com has wide variety of products ranging from lamps, vases, clocks, wall decor, trays, studio pottery, tea lights, and much more. Many of these products are made with eco-friendly and biodegradable materials by rural artisans and the online store provides them dignity of labour, means of earning their livelihood and preserving their traditional forms of art and craft.

Elaborating on the collaboration, Mr. Nitin Passi, Joint Managing Director, Lotus Herbals, says, “With environmental concerns being more and more relevant, actions from socially responsible brands can heavily affect consumer behavior. we are glad to collaborate with Exclusive lane.com, a niche lifestyle brand that shares our values on sustainability and the protection of the environment. With this endeavor, we intend to join hands with similar niche brands on a regular basis, thereby giving them a bigger platform to address environmental concerns.”
Lotus Organics+ social media campaign in collaboration with ExclusiveLane.com goes live on world environment day on 5th June 2021. Both brands turn World Environment day into an occasion to create meaningful engagement with their audiences through social media posts, stories, and IG sessions to create awareness. For Lotus Organics+, the objective of the collaboration is to educate its audience that living organic is not only about using organic skincare and hair care products that are produced using sustainable practices but also about making other small changes in one’s lifestyle. These could be minor changes to our daily living, such as choosing wooden cutlery over steel cutlery and using ceramics products for dining and home decor. During the month-long campaign, consumers who shop at lotus-organics.com and ExlusiveLane.com could avail exciting discounts and offers, which could be redeemed in the form of vouchers and free gifts.

Health, News

Apollo Hospitals reports first successful use of Intravascular Lithotripsy in India in treatment of severely calcified carotid artery stenosis

Apr 29, 2021 by Rekha Nair 0 Comments #Apollo Health City, #Apollo Hospitals Group, #Cath Lab & Interventional Cardiology, #Dr Sangita Reddy, #Dr. P C Rath, #Hyderabad, #Intravascular Lithotripsy, #Joint Managing Director, #Sr. Consultant Cardiologist & Director

Hyderabad: Apollo Hospitals today announced the first successful use of Intravascular Lithotripsy in India to treat a 75-year-old male patient with heavily calcified carotid artery lesions.The patient, who presented with recurrent CVA (cerebrovascular accident) or strokes, was successfully treated by transcarotid arterial revascularisation (TCAR) using Intravascular Lithotripsy (IVL). With only a few cases reported from USA and Italy using IVL to treat carotid artery stenosis or narrowing, the achievement by the team of doctors at Apollo Health City, Hyderabad of the first reported use of this technique in India is a milestone in carotid angioplasty and stenting procedures in the country.

Dr. Sangita Reddy, Joint Managing Director, Apollo Hospitals Group said, “At Apollo Hospitals, we are always looking to set new standards of care with advanced medical technology that lets our doctors undertake challenging procedures safely and successfully. The first reported use of IVL in India to treat calcified carotid artery lesions will enable us to treat patients who cannot go in for conventional procedures. It will decrease the risk of procedural complications, providing positive clinical outcomes with reduced risk of future adverse events. It is a testament to the dedication and skill of our doctors that they have continued to focus on treating and saving lives of patients with NCDs even during the pandemic.”

Dr. P C Rath, Sr. Consultant Cardiologist & Director, Cath Lab & Interventional Cardiology, Apollo Health City, Hyderabad said, “The patient presented with recurrent strokes. Upon evaluation, he was found to have a critical stenosis involving the right internal carotid artery. There was also significant calcification of the vessel and a 180o arc of deep wall calcium. This required urgent intervention to open up the vessel since carotid artery stenosis (CAS) is responsible for around 30% of ischemic strokes.The conventional treatment option of carotid endarterectomy, that is, surgical approach to remove plaque from the artery was not recommended due to advanced age and comorbidities that included hypertension and a prior CABG (coronary artery bypass graft surgery). A direct stent implant through the minimally invasive transfemoral carotid artery stenting was also not advisable due to the severely calcified plaque that would prevent proper stent expansion with sub-optimal dilatation of the artery. It was decided to proceed with Intravascular Lithotripsy that combines the combines the calcium-disrupting potential of lithotripsy with the expertise that we hold in use of balloon catheters.”

Intravascular Lithotripsy (IVL)works through generating sonic waves, which are sonic pressure waves. This is a novel use of the concept of lithotripsy, that has been safely used for decades to treat kidney stones by safely breaking up the stones. The sonic waves in IVL pass through the soft tissues of the arterial wall lining, and the pulsatile energy safely disruptsthe calcium in the plaques, creating micro-fractures in the calcium. The broken-up calcium allows expansion of the artery at low pressure thus permitting the safe implantation of a stent with minimal trauma to normal arterial tissue and improving the blood flow. The procedure is safer as the calcium fragments resulting from the IVL therapy remain in situ, with a reduced likelihood of breaking off and embolising.

Dr. P C Rath added, “A new tool called Shockwave intravascular lithotripsy that has been recently approved for the treatment of heavily calcified lesions in coronary and lower limb arteries was used to treat the heavy calcification in the carotid artery. While minimal data exists for its use in treating calcified plaques in carotid artery, we decided to proceed with IVL as the patient’s age and co-morbidites would not permit conventional treatment methods. However, the underlying calcium is known to result in suboptimal outcomes following stenting through percutaneous intervention. Aggressive post-dilatation in the carotid region often results in severe bradycardia (slowing down of heart rate) and hypotension (low blood pressure). IVLfacilitated adequate stent expansion and we were able to successfully perform the dilatation with minimal residual stenosis.

News

BLS International wins the multi-year National Identity Management Project for Nigerian citizens in UK

Apr 29, 2021 by Rekha Nair 0 Comments #BLS International, #Joint Managing Director, #Mr. Shikhar Aggarwal

New Delhi: BLS International Services Limited, a trusted global tech-enabled services partner for governments and citizens, has partnered with File Solutions Limited, a data and digital enrolment service company, for a three-year contract to manage the identity management services for Nigerians in London, UK.

During the contract period, BLS will support the initiative by the National Identity Management Commission in Nigeria to enrol Nigerian citizens into the national identity database. The BLS centre in London shall soon issue National Identification Number (NIN) and General Multi-Purpose Cards (GMPC) to Nigerian citizens in the diaspora. The NIN to Nigerian citizens residing abroad would help them to process all forms of transactions like passport issuance, voter registration, opening a bank account, etc. A dedicated helpline and e-mail support services along with website will soon be available for any queries and tracking purposes. It is estimated that around 205,000 Nigerians live in the UK our of which about 97,000 Nigerians are in London.

Commenting on the win, Mr. Shikhar Aggarwal, Joint Managing Director, BLS International said, “We are delighted to support the initiative by National Identity Management Commission, Nigeria by assisting them to streamline their identity management services for Nigerian citizens. Our domain expertise and tech-enabled services will help in seamless roll out of the project and making it successful. We are delighted by strengthening our footprint with newer partnerships serving global as well as local client governments.”

BLS has managed similar projects in the vicinity of identity management and verification for Canada, Afghanistan and Egypt governments. In Canada, BLS is accredited by RCMP (Royal Canadian Mounted Police) to carry out the police background checks; in Afghanistan, the company provides consular services for registration of Afghan nationals in Saudi Arabia and five gulf countries; while in Egypt, it provides Express Movement Certificate to Egyptians who want to travel to Schengen countries and Legalization of documents living in the diaspora.

 

Business World, News

Greenply launches its new brand campaign ‘E-0 chuno, Khulke Saans Lo’

Apr 10, 2021 by Rekha Nair 0 Comments #Executive Creative Director, #Greenply Industries Ltd, #Joint Managing Director, #Mr Sanidhya Mittal, #Mr Sujoy Roy, #Ogilvy

Kolkata: Greenply Industries Limited, India’s largest interior eco-friendly infrastructure company with over 30 years of experience in manufacturing a comprehensive range of plywood, decorative veneers, flush doors, and other allied product has launched its brand campaign. The campaign aims to highlight the risk of formaldehyde emission from plywood and showcases Zero Emission (E-0) product range of the company. The TVC campaign has been created by Ogilvy India featuringMr Boman Irani in the lead.

The campaign thought is succinctly captured in the tag line; ‘E-0 chuno, Khulke saans lo’. We have been tossed around in the receding waves of a global pandemic, held hostage to an invisible army hid-ing in the air outside the safe space of our homes. We have guarded ourselves against these unseen outdoor dangers. But have we ever considered the dangers that dwell unnoticed within our homes? That is the question Greenply, wants to ask through the newly launched zero-emission campaign. Through the course of a lyrical banter, the TVC asks the unavoidable question: never mind the dangers outside, who will save you from the dangers inside?

The campaign is designed to raise a pertinent concern about formaldehyde emissions in plywood we use through an engaging, lively story, that drives the message home without sounding preachy or instructional. The aim was to weave a narrative that finds its way to the core message through a relatable analogy wrapped in humour. After all, home is supposed to be a safe space, a mask-free zone. The only thing that stands between you and deep, cleansing breaths is formaldehyde emission. E-0 grade emission compliance made sure that the plywood emits negligible formaldehyde and that its manufacturing facility has an on-site testing mechanism to monitor quality.

Talking about this campaign, Mr Sanidhya Mittal, Joint Managing Director, Greenply Industries Ltd said, “There has been a significant change in the consumer buying pattern. People are more focused on maintaining a clean environment inside their homes as well. The campaign is all about creating awareness on what E-0 emission stands for. The commercial operates in the space of humour to strike a chord with our target audience. With increasing awareness about the harmful consequences of air pollution on human health, consumers today are extremely concerned not only about their external environment but also about the Indoor Air Quality where they live. The rising concern pushed us to come up with this innovation.”

Reflecting on the campaign, Mr Sujoy Roy, Executive Creative Director, Ogilvy said “Musical banter is one of the oldest forms of creative expressions. It makes the intended message more memorable simply by being engaging, lyrical and humorous. We thought that a comic dialogue leading to a conversation on formaldehyde emissions might just be the way to reach out to homeowners, across social, cultural and class identities. We couldn’t think of anyone better than Boman Irani for the role. His presence, not to mention his inimitable brand of humour, adds a touch of domestic familiarity to the campaign

The new campaign transcends its role as product advertisement and becomes a relevant message is-sued in public interest. The communique hopes to initiate new conversations that will ultimately change our perception of safe spaces. Against the assault of invisible enemies inside our living spaces, only a champion can stand. That champion is Greenply Industries Limited, forever forging innovations that serve in the interest of health and well-being.

Business World

Greenply launches its new set of TVC campaign ‘Khud Bane Ho Toh, Greenply Banta Hain’

Mar 5, 2021 by Neel Achary 0 Comments #Greenply Industries Ltd, #Joint Managing Director, #Mr Sanidhya Mittal

Mumbai: Greenply Industries Limited, India’s largest interior eco-friendly infrastructure company with over 30 years of experience in manufacturing a comprehensive range of plywood, decorative veneers, flush doors, and other allied product has launched its new set of TVC campaign ‘Khud bane Ho Toh, Greenply Banta Hain’. The TVC celebrates the resilience of human spirit and highlights the journey of every self-made individuals, from humble beginnings, sobering failures to their path of greatness. The TVCs have been created by Ogilvy India and is directed by Shoojit Sircar.

The tagline “Khud Bane Ho Toh, Greenply Banta Hain’ is the underlying thought in the campaign featuring a series of two TVCs highlighting the success path of every self-made individual. For every achievement recorded on evergreen pages of memories, there are stories of disappointment, difficulties and defeat that go unremembered. The first TVC showcases the journey of a writer from humble beginnings, failures to its path of success. The second TVC has been conceptualised as a continuation of #StopSayingWomenCant campaign highlighting the pursuit of greatness of a women carpenter whereby every no turns into yes, every cannot becomes can. The second TVC has been launched to celebrate the spirit of womanhood on the occasion of International Women’s Day.

Self-made individuals are forged in fire. Their achievements bear testament to perseverance in the face of frustrating hardships. They are the objects of our admiration, the subjects of our praise. The stories are an invigorating narrative of hope against hope, against all odds and naysayers. Through the TVCs, Greenply celebrates the untiring pursuit of success of every self-made people.

Talking about this campaign, Mr Sanidhya Mittal, Joint Managing Director, Greenply Industries Ltd said “We at Greenply understands what it takes to make it on one’s own. As our brands philosophy we always appreciate the length to which individuals go to fulfill their dreams. This campaign is a salute to those self-made people and their indomitable spirit.”

“‘Khud Bane Ho Toh, Greenply Banta Hain’ is all about encouraging everyone to express themselves and keep pursuing their dream. The campaign narrative embodies the principals of what Greenply stands as a brand. It celebrates every self-made individuals’ zeal to stop at nothing in achieving greatness. Through this campaign we are looking to establish a deeper connect with our audience.” said Mr Subir Palit, Country Head, Sales and Marketing, Greenply Industries Ltd.

“The campaign is a tribute to the undefeated resilience of humanity. The characters are people we can easily relate to. We feel their frustrations because we have all been in their shoes. That’s why their hope is our hope. The mood of the campaign gets succinctly translated into the familiar Tagore song we hear at the end. The message is clear: walk the solitary path even if no one comes to walk with you.” said Sujoy Roy, Executive Creative Director, Ogilvy India.

Since Greenply is a mirror to human endeavours, the campaign reflects the humanity of the brand, the spirit of resilience that it so identifies with. A series of monologues in the voices of characters who represent individuals whose careers have been born out of struggle and indecisions. The monologues, accompanied by a montage of their struggles, culminate into victory. These are individuals who are recalling their past hardships. The message is simple: never give up. Go forth without hesitation.

Business World, News

Global Vfx Leader DNEG And XR Entertainment Studio Dimension Announce Virtual Production Partnership

Feb 22, 2021 by Rekha Nair 0 Comments #Dimension, #DNEG CEO Namit Malhotra, #Joint Managing Director, #Steve Jelley

DNEG, the multiple Oscar®, BAFTA and Emmy award-winning visual effects and animation company, and Dimension, the multi-award-winning XR entertainment studio, announce a virtual production partnership which aligns Dimension’s revolutionary volumetric and real-time development capabilities with DNEG’s industry-leading creative talent, technology teams and entertainment industry relationships.

Dimension and DNEG are working together on a number of high-profile virtual production projects, including a groundbreaking new short film, ‘Fireworks’, directed by double Academy Award winner and DNEG Creative Director Paul Franklin, produced by BAFTA Award winner Annalise Davis for Wilder Films, and written by acclaimed screenwriter and playwright Steven Lally. The film is also supported by Epic Games, LipsyncPost Production and StoryFutures Academy.

Virtual production uses real-time technologies to remove the barrier between live action capture and visual effects. This partnership will bring together Dimension’s real-time development and LED stage expertise with DNEG’s in-house virtual production resources and real-time workflows to further enrich the service that DNEG offers to its filmmaking partners, and broaden Dimension’s relationships across film, episodic and animation projects.

Both companies have recently bolstered their virtual production capabilities in North America, with Dimension bringing on board Jim Geduldick as SVP, Virtual Production Supervisor and Head of Dimension in North America, and DNEG hiring James Sweeney as Virtual Art Department (VAD) Supervisor – both based on the US West Coast.

“This partnership helps position DNEG and Dimension at the forefront of what is possible in virtual production,” says DNEG CEO Namit Malhotra. “Our industry is evolving quickly, accelerated by the changes brought about by the global pandemic. This new creative process enables fresh approaches to the production of filmed content, opening more creative avenues for our filmmaking partners and addressing a number of the limitations imposed by the current restrictions on being on-set and travelling. Dimension is one of the best in its field, and I’m delighted to be partnering with Simon, Steve and the Dimension team to bring our clients the benefits of this exciting technology.”

“DNEG is one of the world’s leading VFX companies, and we’re very excited to be partnering with them to provide filmmaking clients with the very best virtual production experience,” says Steve Jelley, Joint Managing Director, Dimension. “Game technologies like Unreal Engine are elevating the creative process for filmmakers and storytellers and we’re seeing a surge in demand for our virtual production and volumetric services – right across the entertainment sphere. These state-of-the-art production techniques point toward an exciting new era for content creation and our partnership with DNEG brings these services to an even wider set of clients across film, episodic and animated content.”

Dimension provides productions with custom-built LED stages and is finalizing plans for permanent virtual production stages in the UK and North America. The studio also recently unveiled its Polymotion Stage, a state-of-the-art mobile multi-solution studio capable of capturing high-quality volumetric video, image and avatar creation at up to 4K with integrated motion capture.

The Dimension team were early pioneers of real-time production for filmmaking and virtual reality, having launched the first ever VR experience to be officially certified by the British Board of Film Classification in ABE, and created industry defining XR experiences such as Madonna’s holograms at The Billboard Music Awards, ‘Britannia VR’, ‘Sky Scope’ for Sky Sports at The Open, ‘Virtual Vikings’ with Ridley Scott Creative Group and the Balenciaga Fall 2021 Collection video game.

DNEG has built on its experience of utilizing on-set digital front projection and LED video wall displays on Oscar® and BAFTA-winning films such as ‘Interstellar’ and ‘First Man’ to develop a strong filmmaker-focused virtual production offering which has already been deployed on films such as Denis Villeneuve’s ‘Dune’, ‘Death on the Nile’ for director Kenneth Branagh and ‘Venom: Let There Be Carnage’ for director Andy Serkis.

DNEG is currently delivering visual effects for feature films such as ‘The Matrix 4’, ‘Dune’, ‘Zack Snyder’s Justice League’, ‘Uncharted’ and ‘F9: The Fast Saga’ and episodic shows such as ‘Jupiter’s Legacy’, ‘Shadow and Bone’, ‘The Wheel of Time’ and ‘The Irregulars’.

Business World

Panasonic Bets Big on Connected Living Solutions; Expands Miraie Range

Feb 12, 2021 by Neel Achary 0 Comments #Joint Managing Director, #Miraie, #Mr. Dinesh Aggarwal, #Mr. Manish Sharma, #panasonic india, #Panasonic India and South Asia, #Panasonic Life solutions India, #President & CEO

New Delhi: Reaffirming its commitment to enhance the everyday lives of consumers, Panasonic India, a diversified technology company today, announced the expansion of its IoT & AI enabled Connected Living platform – Miraie and launched connected Refrigerator, Washing Machine, WiFi Fan, ROMA Smart digital Switches and Smart WiFi Controller plugs and switches on the platform. The new range of Miraie appliances will be available across Panasonic brand shops, large format retail outlets and online platforms from next week onwards. These new models are an addition to the first generation of Miraie connected products including Connected Air Conditioners, Smart Door phones, Zigbee Plugs & Switches, which were introduced last year; making it the widest range of connected products available under one platform.

The new range of connected products have been developed after carefully understanding the distinct consumer requirements and preferences. As per syndicated research* commissioned by Panasonic, over 56% of consumers aspire to purchase an IoT enabled Refrigerator and 39% of consumers showed interest in an IoT enabled Washing Machine with comfort, convenience, and safety being the biggest drivers of demand. Also, according to a research by IFMA (Indian Fan manufacturing association), 43% of consumers desire to purchase IoT enabled smart fans for the ease of use and value added benefit of connectivity. The ongoing pandemic has led to a surge in need for tech-enabled solutions as consumers stay home longer, spurring the growth for smart and connected home appliances.

Miraie app

Speaking at the launch, Mr. Manish Sharma, President & CEO, Panasonic India and South Asia, said, “The consumer durable industry is at the cusp of a massive technological revolution due to the pandemic that has pushed the adoption of IoT enabled appliances faster. The concept of ‘home as the new hub’ is here to stay, compelling consumers to upgrade their living spaces to ensure comfort and safety. And the expansion of Miraie is a testament to our commitment to providing smart capabilities aligned to the evolved aspirations of our consumers. We are looking to democratize technology and with Miraie, we aim to bring down the total cost of ownership as the platform sends users regular notifications for servicing requirements driving optimum output and efficient performance over time.”

Mr. Sharma added, “Reflecting the true spirit of India, Miraie offerings bring us a step closer to the Prime Minister’s vision of Atmanirbhar Bharat. We are focused on expanding manufacturing, and building scale for electronics manufacturing in India guided by our innovation and spatial solutions strategy.”

Mr. Dinesh Aggarwal, Joint Managing Director, Panasonic Life Solutions India said, “With the new normal of work from home, and because of the pandemic, we are witnessing a surge in demand for smart and connected appliances. We now foresee a world in which all devices, appliances, and gadgets, will be IoT enabled, App and Voice-controlled. With Google and Amazon developing voice engines in multiple Indian languages, we are confident that the adoption of Miraie devices and appliances will get accelerated. We have already seen enormous success with our first-generation launch of Miraie appliances and devices, both in commercial and residential projects. In line with the government’s vision of self-reliant India, with the new range of our locally designed and manufactured IoT smart products viz. Fans, ROMA Smart digital Switches, and WiFi Controlled plugs & switches; we are at the forefront to provide a complete range of affordable connected living solutions for a smart home and an office.

Mr. Aggarwal added, “We will continue to offer devices and appliances that will enable us to address all possible consumer requirements, aimed at energy saving, comfort and safety. We will soon extend these devices into Health, Hospitality, Retail, and Industrial segments as well.”

Addressing concerns on health and safety and elevating the comfort factor for consumers, Panasonic’s new range of IoT-enabled appliances come with a bevy of advanced features – from notification alerts of wash cycle basis weather conditions to setting customised wash programs as favourites in Washing Machine, to diagnosis mode in refrigerators to get updates of the refrigerator door, freezer door, ambient temperature and power supply to making existing switches WiFi enabled via smart WiFi controller to manage switches across all rooms; consumers can operate their appliances from anywhere with a click of a finger through the Miraie app. The Miraie platform not only extends the ease of use by managing e-warranties, and notifications about service requests but can be operated via voice assistants such as Amazon Alexa and Google Assistant for more flexibility in operations.

Miraie has been indigenously conceptualized, designed, and manufactured by Panasonic’s India Innovation Centre, and stands tall to the commitment of building manufacturing excellence in India. The home-grown Miraie application has also now been introduced for Smart Android TVs and is made available in Hindi, Tamil languages with Telugu, Marathi and Bengali to be added soon, to make connected living adoption inclusive and empower customer experience. Miraie platform also received the prestigious Red Dot Award for Brand & Communication Design with Analogy Design.

The launch will be supported by a digital marketing campaign #MeetTheFuture wherein the brand has released a series of three digital films on Washing Machine, Refrigerator and Plugs and Switches, bringing alive the value of future forward connected tech that Miraie appliances offer.

PRODUCT FEATURES

Connected Refrigerator

  • Remote temperature control – control refrigerator and freezer temperature remotely using Miraie app
  • Mode selection – quickly select child lock and different refrigerator modes like fast freezing, etc.
  • Updates and alerts – get information on the status of the refrigerator door, freezer door, ambient temperature and power supply

Connected Washing Machine

  • Displays information in Mobile App – get information on the current wash cycle, time remaining and power supply
  • Customised settings – create and set customised wash programs as favourites for quick selection
  • Wash Wizard to get recommendations for best wash quality based on type of clothes and soil level of clothes
  • Timely reminder – get reminders with instructions for periodic cleaning of washing machine parts such as drain filter, drum, and lint filter (recommendation of drum self-clean once in every 60 washes)

IoT WIFI Fans

  • AI mode – Manages AC and Fan together in the room by optimizing power consumption and enhancing comfort.
  • Speed control – change the speed and mode via the Miraie app
  • On/off timer – set the time to switch the fan on/off
  • Temperature reading – easily find out the room’s temperature using Miraie app

ROMA Smart digital lights & blinds

  • Control Fans and Lights
  • Mood setting – switch between different ambient lighting colors as per one’s mood
  • Dim lighting – Adjust the room brightness as per need
  • Control blinds through the Miraie app

Smart WiFi Controller (Switch and Plug)

WiFi enabling – make existing switches wifi enabled and manage switches across all rooms through the Miraie app
Easy switching – control the on/off status of devices via switches and plugs
Accessibility – control features through Alexa or Google Home

  • Staying alerts – receive alerts on a smartphone from motion detection

Setting names – rename switches as per the appliances attached

Business World

HPL Electric and Power Ltd reports Q3 FY2021 Results

Jan 14, 2021 by Rekha Nair 0 Comments #Joint Managing Director, #Mr. Gautam Seth

Noida, India:HPL Electric and Power Ltd (referred to as the “Company”; NSE Symbol:HPL, an established electric equipment manufacturing company in India, manufacturing a diverse portfolio of electric equipment, announcedits financial results for the quarter ended December31st, 2020.

Consolidated Performance Highlights

  Particulars (In Rs Cr)

Q3FY21 Q3FY20 Q2FY21 9MFY21 9MFY20
  Revenue from Operations 244.0 244.1 227.1 567.3 764.4
  EBITDA 34.7 32.6 34.0 75.3 97.9
  EBITDA Margin % 14.2% 13.4% 15.0% 13.3% 12.8%
Cash PAT 19.6 15.8 18.2 29.2 47.5

Q3FY21 performance was significantly better sequentially led by the robust growth in ‘Consumer Segment’

o  Consumersegment (excluding meters) continued to grow at a robust pace of 25% YoY to Rs 135 Crores. The growth was primarily driven by the festive season, pick-up in the economic activity and improved consumer sentiment. The revenue share of the Consumer segment stood at 61% during the Q3FY21 as compared to 44% in Q3FY20.

o  The metering business revenue witnessed a growth of 17% in Q3FY21 compared to Q2FY21. However, the performance during the quarter remained subdued as inspections remained lower due to Covid-19 related disruptions. As a result, metering revenue has been deferred to the forthcoming quarters. Meter dispatches are expected to gradually pick-up fromQ4FY21.

Rationalisation of capital expenses and overheads led to an improvement in profitability margins.

o    Despite an increase in the raw material prices during the quarter, rationalisation of overhead expenses helped the company to report an EBITDA of ₹ 34.7 crores (EBITDA Margin of 14.2%) in Q3 FY21, while Cash PAT increased by 24% YoY to ₹ 19.6 crores.

 Mr. Gautam Seth, Joint Managing Director, said, “The performance during the Q3FY21 was yet again underpinned by the robust performance of the consumer (B2C) segment, despite the subdued performance in the metering segment. This has helped us to get back to the pre-covid level of revenue and EBITDA. The robust growth in the consumer segment was driven by healthy double-digit growth in the ‘Switchgear’, ‘Lighting’ and ‘Wires and Cables’ categories, which grew by 29%, 18% & 45% YoY, respectively. The metering segment fared well during the quarter sequentially, however, the overall performance remained subdued as dispatches have been deferred to forthcoming quarters due to the pandemic. Even though meter dispatches have remained slow in 9M FY21, we are expecting dispatches to gradually pick-up pace from Q4 FY21 onwards. At present we have a robust order book of Rs 354 Crores boosted by smart meter orders, which comprise over a third of the total meter order book. This ensures us revenue visibility for the near-term. Further looking ahead, we are optimistic about the long-term growth trajectory of the Consumer segment led by a pick-up in the economic activity, improved consumer sentiments and increased government funding. This is ably supported by our enhanced dealer and retail network, effective marketing strategies and product development efforts.

Our various cost rationalisation initiatives have helped us to boost the EBITDA margins.

Looking beyond the short-term challenges in meter segment, we are bullish about the opportunities in the smart metering space as both the public and private power distribution companies increasingly shift focus towards installing smart meters to replace conventional meters. We are very much focused on enhancing our smart meter technological base and become the market leader in the segment. We are expecting a large- scale requirement for smart metering solutions in the coming years and are fully capable and ready to meet the requirement of the industry with our best-in-class metering solutions. Overall, the company is confident of overcoming near-term challenges and create sustainable value for its stakeholder.”

Robust Order Book & Strong Revenue Visibility

 

  • Consolidated current order book stands at ₹ 354.4crores (net of GST)

o  Metering orders of ₹ 250.2crores

o  Switchgear orders of ₹ 15.9 crores

o  Lighting orders of ₹ 85.5 crores

o  Wires & Cables orders of ₹ 2.9 crores

o  Enquiry base for Metering tenders is at a healthy level.Tenders amounting to ₹ ~2500 crores have been floated or expected to be floated in the near-term