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Business Wire India - Multimedia: Digest for April 30, 2024

Business Wire India - Multimedia

Multimedia By Business Wire India
Business Wire India

  • A Group of Eight skilled women engineers successfully completed an intensive 18-day training program.
  • The team was trained with life-saving skills such as CPR, SCBA proficiency, and adept navigation through perilous situations.

Hindustan Zinc, a Vedanta group company and India's leading zinc-lead-silver producer, proudly introduces India's 2nd All Women Underground Mine Rescue Team, trained at the company's Rampura Agucha Mine. This initiative, rooted in the company's core philosophy of Safety First, aligns with its Sustainability Development Goals aimed at ensuring Zero Harm in operations.
 
Comprising eight exceptionally skilled women engineers from the Underground Mine Operations & Maintenance team, the newly trained rescue team underwent an intensive 18-day training program at Rampura Agucha Mine & Mine Rescue Station (Western Coal Field Limited), Nagpur. The team acquired indispensable life-saving proficiencies such as CPR, SCBA proficiency, and adept navigation through perilous environments.
 
This milestone follows the resounding success of India's 1st All Women Underground Mine Rescue Team at Hindustan Zinc, which equipped its members with techniques to handle surface/underground mine emergency scenarios, first aid, technician tests, theory exams, self-rescuers, fire types, extinguishing methods, mine gases, and emergency response.
 
With inclusivity, diversity, and safety at the heart of its operations, Hindustan Zinc maintains a remarkable representation of 21.7% women in the workforce. The launch of India's 2nd all-women underground mine rescue team marks a significant milestone in its journey towards #TransformingTheWorkplace. The company remains committed to fostering a culture of safety, empowerment, and excellence in every aspect of its operations.
Business Wire India

Loka Viveka, a pioneering HR Tech and Work Tech Venture Studio, announces its official launch, introducing a transformative approach to leveraging human potential within organisations.
 
Founded by HR Consulting Veteran, Sakshi Kapahi (MIT Sloan); and Tech Entrepreneur and Angel Investor, Abhishek Rungta; Loka Viveka is set to build, acquire, incubate, and invest to build a portfolio of solutions to enable and empower human capital in progressive organisations.
 
The venture studio model is a first of its kind in India. Loka Viveka provides aspiring startups and existing HR Tech entrepreneurs with the tools needed to succeed: from seed capital, technology development, functional insights, market access, and in-depth operational support across the venture lifecycle - all the ingredients for sustainable scaling of the venture.
 
Combining decades of experience in HR Consultancy and Digital Transformation, Loka Viveka aims to address the critical challenge of technology adoption in HR. "Our mission is clear; we empower organisations to fully leverage their human capital through intuitive technology solutions that seamlessly integrate with their unique and established business practices, thus enhancing efficiency and engagement," says Sakshi Kapahi, Co-Founder of Loka Viveka, and Director of OMAM Consultants.
 
Loka Viveka is already making strides with its first venture, Breeze FSM—a robust field sales management solution enabling over 45,000 field sales professionals across leading FMCG brands in India. "Breeze FSM exemplifies our approach: powerful technology customised to business processes of the enterprises, ensuring high adoption, and empowering the users with contextual insights to do their job better," explains Abhishek Rungta, Co-Founder of Loka Viveka, and Founder of Indus Net Technologies (INT.).
 
"With Loka Viveka, we're not just investing in ideas, but solving real problems, and in the process actively shaping the future of work through a hands-on approach. We have earmarked an initial investment of 125 crores to execute our vision. We invite innovators and disruptors in HR Tech and Work Tech to join us on this exciting journey," invites Rungta.
Business Wire India

Stonelam, a leading distributor of 100% natural surface materials guided by the ethos of 'NATURE IS ABOVE ALL', proudly unveils the inauguration of its new experience center. This innovative space has been meticulously crafted to encapsulate the brand's ethos, values, and essence, presenting a renewed perspective on the facade market.
 
The experience center stands as a testament to Stonelam's dedication to crafting aesthetically pleasing and practical products in perfect alignment with nature. It mirrors the company's steadfast commitment to sustainability and its focus on meeting the demands and desires of today's environmentally conscious consumers.
 
CEO of Stonelam, Mr. Sandeep Bagade, underscores, "This is our first Experience Center in Mumbai. It showcases our unique offering in this domain, providing an array of choices and immersive sensory experiences. With our premium product range, customers are expertly guided to optimal selections. This space epitomizes our commitment to redefining the façade market, blending nature's allure and sustainability."
 
Designed to evoke feelings of inspiration, inquisitiveness, and environmental consciousness, the experience center caters to a broad spectrum of clientele, including architects/designers, homeowners/buyers, and current and prospective clients. The space layout takes inspiration from rugged crystal formations, delineating distinct zones for immersive exploration.
 
Mr. Sushant Pathak, CMO of Stonex Group, remarks, "Embodying our commitment to nature-centric innovation and sustainability. With a design concept inspired by 'Hiking Through the Mountains,' the space showcases our superior products in complete harmony with nature. Interactive exhibits highlight Stonelam's product superiority, catering to environmentally conscious consumers and redefining the facade market with fresh perspectives."
 
Interactive displays engage visitors by showcasing product properties in an engaging manner, while mockups illustrate their application on both facades and interiors. The business lounge features custom furniture serving as interior mockups, while the office space draws inspiration from contemporary mountain villas. Special installations, including laser-cut chandeliers, water-jet murals, and Stonelam-made eyewear and jewelry, serve as captivating highlights. The facade treatment makes a bold statement, evoking the solidity of stone. Various signage options are presented throughout the space to enhance way-finding.
 
Additionally, Stonelam boasts the distinction of having a dedicated Technical team across all four zones and a trained and certified network of over 100 fabricators, who have catered to over 1,000 architects in a span of five years across various segments including Hospitality, Healthcare, Commercial, and Residences. With ready stocks exceeding 100,000 square meters, Stonelam ensures seamless availability and delivery of its products.
 
By opting for Stonelam, customers can be rest assured that they are making a natural and sustainable choice that contributes to a healthier and more aesthetically pleasing planet. Stonelam's brand positioning aligns perfectly with the desires and preferences of contemporary consumers, underscoring the company's commitment to crafting beautiful, functional products in complete harmony with nature.

As of April 2024, Stonelam has a Pan India presence with partners across 200+ locations and warehouses in Mumbai, Delhi & Bangalore to cater to the partner requirements. It also has experience centres at 20+ locations where the customers can touch and feel the products.

For more information about Stonelam and its range of 100% natural surface materials, please visit https://stonelam.com/.
Business Wire India

  • Nutrimax offers premium yet affordable dog nutrition solutions, catering to pet parents and vets, alike.
  • Allana has invested Rs. 200 crore to build Asia's largest, state-of-the-art pet food manufacturing facility in Zaheerabad, Telangana.
​
Bowlers® from Allana, a trusted brand in pet health, today announced the unveiling of Nutrimax, a revolutionary new range of dog food. The unveiling took place at the prestigious World Small Animal Veterinary Association (WSAVA) conference held at the Adlux Convention Centre, Kochi. The product was launched by leading veterinarians from across India in presence of Mr. A Raghavendra Rao, CEO, Pet Foods, Allana and top company officials.

Nutrimax from the house of Allana addresses the burgeoning demand for high-quality, affordable dog nutrition solutions. This innovative line caters to pet owners who prioritize complete and balanced nutrition for their furry companions, without compromising on quality. Allana has set up Asia's largest, state-of-the-art pet-food manufacturing facility with an investment of Rs. 200 crore in Zaheerabad, Telangana. It has a capacity of 10 tonne/hour plant, to make extruded dry dog and cat food.

With Nutrimax, Bowlers® from Allana aims to bridge the gap in the dog food market by offering premium-quality ingredients at an accessible price point. This initiative is designed to meet the needs of a large segment of pet owners who seek value for their money without sacrificing the health and well-being of their beloved pets.

Mr. A Raghavendra Rao, CEO, Pet Foods, Allana, said, "Pet adoption is on a rise across the globe, including India. It has, therefore, become imperative for pet parents and vets to have access to solutions that address pet care needs. Nutrimax offers affordable dog food solutions which is a unique offering in the pet healthcare segment. The launch of Nutrimax represents our dedication to expanding our offerings and catering to a wider audience of pet owners who deserve the best for their furry friends."

With over 550 veterinarians in attendance, including delegates from across the nation and internationally, WSAVA serves as the perfect platform to introduce Nutrimax to the global veterinary community.
Business Wire India

  • Highest ever quarterly PAT of Rs. 332 crore in Q4FY24, jumps 25% QoQ
  • AUM crosses Rs. 25,000 crore, NNPA down to 0.59%

The Board of Directors of Poonawalla Fincorp Limited, a non-deposit taking systemically important NBFC focusing on consumer and MSME finance, today announced its audited financial results for the quarter and year ended March 31, 2024.
 
The Company continued to register robust financial performance, demonstrating strong growth in AUM, Profitability, and superior asset quality. 

Key Highlights – Q4FY24:

Assets:
 
  • Highest Ever Quarterly Disbursement: Achieved the highest ever quarterly disbursement of Rs. 9,688 crore, up 52% YoY and 11% QoQ
  • Assets Under Management (AUM): Stood at Rs. 25,003 crore, up 55% YoY and 14% QoQ
 
Asset Quality:
 
  • Gross NPA at 1.16%, reduced by 28 bps YoY and 17 bps QoQ
  • Net NPA at 0.59%, reduced by 19 bps YoY and 11 bps QoQ
 
Profitability:
 
  • ​Profit After Tax (PAT): Highest ever yearly PAT of Rs. 1027 crore in FY24, jumps 83% YoY and Highest ever quarterly PAT of Rs. 332 crore, up 25% QoQ
  • Return on Assets (RoA) stood at 5.73%, up 73 bps YoY and 42 bps QoQ
  • Net Interest Margin (NIM) was at 11.06%, up 4 bps QoQ
  • Opex to AUM ratio: At 3.99% in Q4FY24, reduced by 144 bps YoY and 1 bps QoQ
  • Operating Profit (PPOP) was at Rs. 409 crore for Q4FY24, up 93% YoY and 17% QoQ
 
Capital Adequacy and Liquidity:
 
  • Capital Adequacy Ratio stood at 33.8%
  • Liquidity buffer stood at Rs. 3,932 crore
 
Commenting on the results, Mr. Abhay Bhutada, Managing Director, Poonawalla Fincorp, said, "I feel elated and proud of the last 3 years' journey, to spearhead the biggest transformation of Poonawalla Fincorp that the NBFC space has ever witnessed. Our rigor and execution excellence has ensured that we have continuously outperformed and given consistent superior performance resulting in achieving significant milestone of AUM crossing Rs. 25,000 crore and PAT crossing Rs. 1,000 crore. Our differentiated strategy and relentless execution are reflected across all business metrics and have made us a thought leader in the lending space."
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