14, Aug 2024
Radisson Blu MBD Hotel Noida’s ‘Made In India’ Wins Big at Travel + Leisure Delicious Dining Awards 2024
National, India, 14.08.2024: Radisson Blu MBD Hotel Noida is thrilled to announce that its acclaimed restaurant, ‘Made In India’, has been honored with the prestigious title of “Best Contemporary Indian Restaurant” at the prestigious 5th edition of the T+L Delicious Dining Awards 2024. This accolade underscores the restaurant’s commitment to offering an exceptional dining experience that redefines modern Indian cuisine. Travel + Leisure recently celebrated the fifth annual Delicious Dining Awards at a gala evening at Le Méridien New Delhi. This year’s edition, aptly themed “Food Is Art,” celebrated culinary creativity, making Made in India’s win even more significant.

Made in India at Radisson Blu MBD Hotel Noida, reimagines traditional Indian dishes with a modern twist. Here, classic recipes are elevated with innovative techniques and presented in a stylish, contemporary way.
Ms. Monica Malhotra Kandhari, Managing Director of MBD Group, added, “Winning the T+L Delicious Dining Award for Best Contemporary Indian Restaurant is a significant achievement for us. It reflects our commitment to excellence and our passion for celebrating India’s rich culinary heritage through a contemporary lens. I congratulate the team on this esteemed honor.”
Ms. Sonica Malhotra Kandhari, Joint Managing Director of MBD Group expressed her excitement about the award, stating, “We are incredibly proud to receive this recognition for Made In India. This award is a testament to the hard work and dedication of our talented culinary team, who continually strive to create innovative and memorable dining experiences. Our vision has always been to blend tradition with modernity, and this award validates that we are on the right path. Congratulations to the entire team”
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- By Rabindra
14, Aug 2024
Discover the Power of Two with Philips’ latest Dual Basket Air Fryer featuring Rapid Air Technology
India, 14 August 2024: Versuni India, a leader in the domestic appliances industry and home to legacy brands Philips Domestic Appliances and Preethi, has launched its latest innovation: the Philips Dual Basket Air Fryer – 3000 Series. As the first to introduce air fryers to the Indian market in 2010, Philips has consistently led with cutting-edge innovations that transform everyday consumer experiences. Aligned with its commitment to creating consumer-inspired innovations, the new Philips Dual Basket Air Fryer – 3000 Series emerges as the ultimate cooking companion with two baskets of different sizes, designed to help cook a full family meal. This latest innovation underscores the brands commitment to making healthy cooking accessible and convenient. Featuring Philips’ patented starfish design, rapid air technology, and new advanced features, the new air fryer ensures perfectly cooked, flavorful dishes every time. This empowers consumers to embrace a healthier lifestyle without compromising on taste or convenience.

In today’s fast-paced world, where healthy eating is a priority for individuals and families alike, the new air fryer stands out with its ability to prepare nutritious and flavorful meals swiftly. Its innovative design allows users to cook larger quantities of food in one session, catering perfectly to busy households. With the launch of the Dual Basket Air Fryer – 3000 Series, Philips reaffirms its position at the forefront of enhancing everyday life through intuitive, state-of-the-art products.
Commenting on the launch, Pooja Baid, Chief Marketing Officer of Versuni India, said, “In 2010, when we introduced air fryers in India, we recognized the burgeoning interest in healthier eating habits. Over the past 14 years, we’ve witnessed a significant shift toward adopting healthier lifestyles, particularly after 2020. Amidst this trend, convenience remains pivotal in today’s fast-paced digital landscape. Understanding these consumer needs and pain points, we’ve developed a single product solution that addresses diverse requirements.
Whether it’s cooking larger portions or preparing multiple dishes simultaneously, our latest Dual Basket Air Fryer is designed to enhance everyday convenience and comfort for consumers. At Versuni, our commitment to understanding and meeting evolving consumer needs is unwavering. Our newest innovation stands as a testament to this dedication, reflecting our ongoing commitment to enriching the lives of our consumers and helping them turn houses into homes.”
The Philips Dual Basket Air Fryer – 3000 Series is designed to elevate your cooking experience with a range of user-friendly features. It boasts two asymmetrical baskets with a total capacity of 9 liters, allowing you to cook larger portions or two different dishes simultaneously, whether vegetarian and non-vegetarian options or sweet and savory treats. The asymmetrical design helps you better proportion your ingredients, with the large basket perfect for mains, fries, and your favorite dishes, while the smaller basket is ideal for sides, veggies, and snacks.
The Synchronized Cooking Option automatically syncs the cooking time in both baskets, so even if your ingredients require different cooking times, they will finish simultaneously. This feature, along with the TIME function, ensures all ingredients are perfectly cooked together, making the cooking process convenient and hassle-free. Equipped with Philips RapidAir Plus Technology and a patented starfish design, this air fryer ensures excellent air circulation, meaning the food is perfectly cooked every time, without the risk of undercooking or overcooking. With 8 preset settings, consumers can easily prepare a variety of dishes such as French fries, frozen snacks, chicken, veggies, fish, and even cakes – all with just one appliance.
What sets this air fryer apart is its dual basket design, a unique feature in the market. It also connects to the HomeID app, offering access to a range of recipes tailored for quick meals under 30 minutes. Consumers can now enjoy cooking with ultimate ease and convenience, making healthy and delicious meals effortlessly.
14, Aug 2024
Alembic Pharmaceuticals receives USFDA Final Approval for Dabigatran Etexilate Capsules, 110 mg
14th August 2024, Mumbai: Alembic Pharmaceuticals Limited (Alembic) today announced that it has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Dabigatran Etexilate Capsules, 110 mg.
The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Pradaxa Capsules, 110 mg of Boehringer Ingelheim Pharmaceuticals, Inc. (Boehringer). Dabigatran Etexilate Capsules 110 mg are indicated for prophylaxis of deep vein thrombosis and pulmonary embolism following hip replacement surgery. Refer label for a detailed indication.
Alembic has a cumulative total of 211 ANDA approvals (183 final approvals and 28 tentative approvals) from USFDA.
14, Aug 2024
Accelerate Your Bond: Sibling Fun Awaits at Formula Karting
This Raksha Bandhan, gear up to supercharge your sibling bond with a high-octane adventure! Formula Karting is your ultimate thrill zone, where excitement and speed collide to create unforgettable moments. Get ready to rev your engines and experience heart-pounding fun that will set your sibling spirits racing!

At Formula Karting, shared experiences, laughter, and adrenaline-pumping thrills create lasting connections. Our karting facilities offer the perfect environment for racing enthusiasts, whether you’re seasoned pros or first-time racers. Our tracks cater to all skill levels, ensuring a fun-filled experience for everyone.
But the excitement doesn’t stop there! Karting is just the beginning of your adventure. As you hit the track, navigate sharp turns, strategize together, and compete for the best lap times, you’ll find yourself cheering each other on and strengthening your bond through friendly rivalry. This high-speed adventure will only bring you closer together.
Join us at Formula Karting to unleash your competitive side, embrace high-speed thrills, and create cherished memories. This Raksha Bandhan, race, bond, and revel in the excitement of karting with us. An action-packed experience filled with laughter and a dash of competition awaits you!
14, Aug 2024
Manappuram Finance Reports 11.7% Y-o-y Increase in Q1 Net Profit to Rs557 Crore
Sharing the results, Mr. V.P. Nandakumar, MD & CEO, stated, “We were able to achieve significant growth in Gold Loan AUM in this quarter, registering nearly 15% growth year-on-year and 10% sequentially. Our non-gold verticals are also growing, contributing notable gains in AUM and net profit.”
|
Particulars
|
Q1 fy 24-25
|
Q1 fy 23-24
|
YoY% Growth
|
Q1 FY 2025
|
Q4 FY 2024
|
QoQ% Growth
|
|
Income from operations
|
2488.2
|
2026.3
|
22.8%
|
2488.2
|
2359.8
|
5.4%
|
|
Profit before tax
|
752.8
|
680.8
|
10.6%
|
752.8
|
745.5
|
1.0%
|
|
Profit after tax (Before OCI & minority interest)
|
556.5
|
498.0
|
11.7%
|
556.5
|
563.5
|
-1.2%
|
|
AUM
|
44932.3
|
37060.6
|
21.2%
|
44932.3
|
42069.6
|
6.8%
|
|
Gold loan AUM
|
23647.3
|
20603.2
|
14.8%
|
23647.3
|
21561.1
|
9.7%
|
|
Gold Holding (Tonnes)
|
60
|
59.5
|
0.2%
|
60
|
59
|
1.3%
|
|
Total Live gold loan customers (in mn.)
|
2.6
|
2.4
|
7.7%
|
2.6
|
2.5
|
3.6%
|
|
Net Worth
|
12020.7
|
10078.7
|
19.3%
|
12020.7
|
11548.1
|
4.1%
|
|
Return on Assets (%)
|
4.5%
|
5%
|
4.5%
|
4.9%
|
||
|
Return on Equity (%)
|
18.8%
|
20%
|
18.8%
|
19.9%
|
||
|
No. of branches
|
5294
|
5281.0
|
0.2%
|
5,294
|
5,286
|
0.2%
|
|
Total no. of employees
|
49609
|
45304.3
|
9.5%
|
49609
|
51004
|
-2.7%
|
|
Book value per share
|
142.0
|
119.1
|
19.3%
|
142.0
|
136.4
|
4.1%
|
|
Total no. of customers (in mn.)
|
6.8
|
6.1
|
12.5%
|
6.8
|
6.8
|
1.0%
|
|
Total borrowing
|
38463.4
|
28533.4
|
34.8%
|
38463.4
|
33653.5
|
14.3%
|
|
EPS
|
6.58
|
5.9
|
11.7%
|
6.58
|
6.7
|
-1.2%
|
|
Particulars
|
Q1 fy 24-25
|
Q1 fy 23-24
|
YoY % Growth
|
Q1 FY 2025
|
Q4 FY 2024
|
QoQ% Growth
|
|
Profit After Tax (Before OCI)
|
440.58
|
380.91
|
15.7%
|
440.6
|
428.3
|
2.9%
|
|
AUM
|
31034.7
|
25742.4
|
20.6%
|
31034.7
|
28679.4
|
8.2%
|
|
Capital Adequacy Ratio (%)
|
29.6%
|
30.5%
|
29.57%
|
30.6%
|
||
|
Cost of Fund (%)
|
9.01%
|
8.26%
|
9.01%
|
8.8%
|
||
|
Gross NPA (%)
|
1.96%
|
1.45%
|
1.96%
|
1.93%
|
||
|
Net NPA (%)
|
1.70%
|
1.24%
|
1.70%
|
1.70%
|
||
|
Number of Branches
|
3524
|
3524
|
3524
|
3524
|
||
|
Comm. Vehicle Loans Division AUM
|
4541.3
|
2779.2
|
63.4%
|
4,541.3
|
4,110.9
|
10.5%
|
|
Subsidiaries
|
|
|
|
|
|
|
|
Microfinance – AUM (incl Gold Loan)
|
12310.2
|
10140.6
|
21.4%
|
12,310.2
|
11,880.5
|
3.6%
|
|
Microfinance – PAT (Before OCI)
|
100.04
|
111.18
|
-10.0%
|
100.04
|
101.8
|
-1.8%
|
|
Microfinance – Number of customers (in mn)
|
3.9
|
3.4
|
14.4%
|
3.9
|
3.9
|
-0.9%
|
|
Home Loans – AUM
|
1587.4
|
1202.6
|
32.0%
|
1587.4
|
1509.7
|
5.2%
|
|
Home Loans – PAT (Before OCI)
|
6.01
|
3.22
|
86.50%
|
6.01
|
7.14
|
-15.9%
|
14, Aug 2024
Explore a Global Culinary Series of “Micro Cuisines of the World” Every Sunday at The Den, Bengaluru
Bengaluru, 14th August 2024 – The Creek at The Den Bengaluru, renowned for its innovative cuisine and serene ambiance, is thrilled to introduce a special culinary series, “Micro Cuisines of the World,” this August.
August 18th, 2024: Rampuri Khana
Experience Rampuri Khana, the regal cuisine of Rampur, Uttar Pradesh. Created by blending Awadhi and Afghani influences, this brunch features signature dishes like Mirch ka Halwa, Murgh Changezi, and Tar Qorma, crafted by the royal Khansamas. Enjoy a rich feast with flavors steeped in history.
August 25th, 2024: Goan/Konkani Food
The series concludes the last Sunday of August with a vibrant Goan and Konkani feast, highlighting the coastal region’s blend of Portuguese and local Hindu cultural influences. Enjoy a diverse array of dishes, including Vindaloo, Varan, Tondak, Ambott Tik, Balchao, Cafreal, and Sorpotel, featuring traditional recipes from Hindu Saraswat and Goan Catholic kitchens. This brunch promises a mouthwatering experience with a stunning array of seafood and red meats.
Join us to experience global flavors, groove to live music, enjoy a variety of beverages, and let the kids have fun with exciting activities. Every Sunday, we unveil a new culinary flavor just for you! If you miss one Sunday, don’t worry—you’ll have another chance to join us the following week.
14, Aug 2024
Intellect AI aims for USD 100 million by 2029 through their newly launched Purple Fabric
Bengaluru, India – August 14, 2024 – IntellectAI, a business unit of Intellect Design Arena Ltd focusing on cutting-edge Artificial Intelligence technologies, announces the launch of Purple Fabric, a pioneering platform that accelerates enterprise AI adoption for financial institutions (FIs). Leveraging the potential of the First Principles Thinking based Composable and Intelligent Open Finance Platform eMACH.ai, Purple Fabric represents the next step in the evolution of AI, advancing from basic automation to Enterprise Connected Intelligence, enabling FIs to achieve substantial business impact.

The true power of AI lies in enterprise-connected intelligence. Recognizing this, Intellect leveraged its three decades of domain expertise to develop Purple Fabric—a decision-grade AI platform designed to overcome data fragmentation and silos. The platform emphasizes Ethical AI, addressing data biases and ensuring traceability with a comprehensive audit trail.
“Purple Fabric is more than just a platform; it’s a productivity powerhouse that empowers financial institutions to harness AI for real business impact,” said Banesh Prabhu, CEO of IntellectAI. “Our vision is to enable Financial Institutions to seamlessly integrate AI into their operations, achieving new levels of accuracy, speed, and efficiency. With its modular design and advanced AI capabilities, Purple Fabric equips FIs to navigate the complexities of the financial landscape with confidence, paving the way for the future of work through Ethical AI.”
Purple Fabric is a groundbreaking enterprise AI platform that transforms enterprise data into actionable AI insights and solutions. By making data RAG-ready (Retrieval-Augmented Generation) and enabling subject matter experts to quickly build and deploy AI-driven solutions, it creates a knowledge bank from six key sources: structured and unstructured enterprise data, policies, market data, and regulatory information, and tacit knowledge. This foundation allows the AI Expert Agent System to achieve precise, goal-driven outcomes with exceptional accuracy and speed. Additionally, Purple Fabric introduces SWARM (Situational Workflow Automation and Rapid Micromodeling) capabilities, enhancing human efficiency through adaptive and responsive automation workflows.
Purple Fabric offers FIs the opportunity to align their AI ambitions with an honest appraisal of enterprise readiness and adopt a modular transformation design journey. There are six powerful Purple Fabric products. PF Imagine, an ultimate AI solution builder for Product Managers to independently design and implement AI use cases without the need for Data Scientists. The PF Govern empowers organisations to maximize Generative AI’s potential while upholding strict governance standards. It addresses 14 key governance issues and provides detailed references for auditing data sources, verifies data integrity, and enforces user management policies. PF DIMS (Document Intelligent Management System) enables enterprises to create AI-based document intelligence and consume it as an API in various applications. This is achieved through a combination of four high-performance technologies – Document Ingestion, Classification, Extraction, and Trusted Data. PF Expert Agent utilises knowledge from various sources to drive actionable intelligence. It is also for the creation of autonomous user journeys with AI nudges and alerts. At a recent AI Bootcamp, five teams built their own expert agents in just three days. PF Triad embodies seven key regulations established by the European Union by ensuring unbiased decisions and recommendations for key enterprise roles. It has been successfully implemented in wealth advisory, complex investigations, and loss runs, setting a new standard for unbiased decision-making in financial services and PF LLM Benchmark assesses coding tasks, reasoning, and language understanding. It includes anonymous battles between LLMs, multi-turn questioning, common-sense reasoning questions, prompt effectiveness evaluation, leaderboards, and morE
14, Aug 2024
Zamit Empowers Over 59,000 Learners and 1,333 Educators with Innovative E-Learning Solutions
New Delhi, 14th August 2024: Zamit, a leading EdTech platform, continues to revolutionize the educational landscape by empowering over 59,000 students and 1,333 educators through its innovative e-learning solutions with a focus on skill development. Designed to enhance both future-readiness skills in students and teaching excellence among educators, Zamit’s offerings are at the forefront of modern education.
Zamit’s flagship product, the Zamit Quotient (ZQ), is an AI-driven tool that assesses over 60 future-readiness skills across nine dimensions. The ZQ is currently implemented in 209 schools, impacting 1,753 students, and provides a comprehensive measure of a student’s preparedness for the challenges of the 21st century.
Complementing this is the iSKiL (International Skills & Knowledge Integrated Learning) program, which offers a structured curriculum to enhance critical skills, ensuring that students are not just academically proficient, but also equipped for real-world success. The iSKiL program has enrolled 300 teachers and is making a significant impact in their classrooms.
For educators, Zamit introduces the TERM (Teaching Excellence and Relevance Management) program. This cutting-edge tool uses AI-enabled analysis to assess and enhance teaching skills, providing educators with insights to refine their methods and ensure that their teaching is aligned with the demands of contemporary education. TERM is currently active in 64 schools, benefiting 1,028 teachers. In addition to these programs, Zamit has conducted 15 Continuing Professional Development (CPD) sessions, engaged 800 teachers and further supported their professional growth. With these innovative solutions, Zamit is helping both students and educators become more effective, dynamic, and responsive to the evolving educational environment.
Abhijeet Mukherjee, CEO of Zamit, shared his views in the following words – “We are proud to be a driving force in the transformation of education. Our goal is not only to equip students with the essential skills they need to thrive in an increasingly complex and dynamic world but also to empower educators with the tools and insights required to foster a nurturing and innovative learning environment. By combining cutting-edge technology with a deep understanding of educational needs, we are creating opportunities for learners to unlock their full potential and for educators to elevate their teaching practices to new heights. The positive impact we’ve seen so far is just the beginning; we are committed to continually advancing our solutions to ensure that every student and educator is fully prepared to meet the challenges of tomorrow.”
Zamit’s commitment to leveraging technology to advance education is clear, as they continue to expand their reach and impact across the educational spectrum. By embracing innovation and continuously evolving their offerings, Zamit is not only addressing the current needs of students and educators but also anticipating the future demands of the education sector.
14, Aug 2024
Karnataka Leads India with 19% Youth Aspiring to Be Digital Influencers, 16% to Launch Startups: iQOO Quest Report 2024
Bengaluru, August 13, 2024: iQOO, a sub-smartphone brand of the vivo group announces the release of its first The iQOO Quest Report 2024 with CyberMedia Research (CMR) on the Gen Z traits and trends on dreams, career, and aspirations.The report unveils the dreams and passion journey of this unendingly optimistic generation, one of the largest across the world. It encapsulates insights from 6,700 respondents, aged between 20-24 years, 7 countries- India, United States of America, United Kingdom, Brazil, Malaysia, Thailand, and Indonesia. The report covers three broad areas: Gen Z Questers’ spirit & motivation to fulfil their dreams, obstacles & barriers that disrupt their quest for passion, and career choices that drive their interests.

In today’s era, fame and success are measured by online popularity, fleeting as a blink in the fast-paced social media world. With Gen Z craving their 15 minutes of fame, this trend raises questions about the allure and ethics of such careers. While influencer culture thrives, India’s startup ecosystem is also booming, now the world’s third-largest. This situation underscores a crucial consideration: whether the youth aspire to be “job creators” or “digital celebrities” in this evolving landscape.
Delving into various aspects of what success means to Gen Z, the report decodes Questers’ drive, passion and ambition through a quantitative metric- Quest Index, or “QI”. The results showcase India’ s QI as 9.1 followed by Malaysia with 8.7 QI, Thailand & USA with 8.2 QI, Indonesia with 8.1 QI, United Kingdom with 8 QI, and Brazil with 7.8 QI.
Some of the key Karnataka highlights from the report include:
● 2.5X of national average Gen Zs in Karnataka want to be a leading digital influencer.
● 2X of national average Gen Zs in Karnataka want to become an entrepreneur and be a part of the startup ecosystem.
● 49% of Gen Z Karnataka get challenged by the barriers but do not deter from them.
● 30% fewer youth consider lack of opportunities as a barrier to pursuit of their dreams compared to national average
● This trend is reversed for India with more youth finding higher education more relevant than jobs after graduation.
Some of the key ‘Global & Indian’ highlights from the report include:
● 43% respondents in India and 46% globally are willing to give up work-life balance to succeed in their career.
● 8 out 10 (80%) Gen Zs in India believe gender disparity is the biggest hurdle in their quest for success.
● 2X of women feel gender affects the pursuit of their dreams compared to men.
● 1 out of 4 Indian respondents are more inclined towards new-age job fields like content creation, data analysis, AI, and cybersecurity.
● Indian youth are hustlers, they take 2X the initiatives compared to their global peers.
● India ranks #1 globally on youth have big dreams and clarity on aspirations
● 84% of Indian Questers believe their jobs align with their goals, compared to 72% globally.
● 91% of the Indian respondents believe that gap year can help them pursue their dreams and aspirations.
● 46% feel financial constraints as a barrier to pursue their choice of career. However, over 90% are confident in achieving their dream despite the barrier.
● 65% see failure as a learning opportunity, and 60% believe it pushes them towards their dreams
● 51% of Questers said that they would take up higher studies to support their quest while 32% believe they should take up relevant jobs to support their dreams.
● 49% of the Indians believe mentorship by experts is a powerful tool to support their aspirations.
Executed by iQOO with CyberMedia Research (CMR) with 6,700 respondents aged between 20-24, the report sources insights across 7 countries- India, United States of America, United Kingdom, Brazil, Malaysia, Thailand, and Indonesia. The primary research also highlights 62% of the Indian youth willing to give up their hobbies and other interests to achieve their dreams. All findings from the report tie back to how the snap savant Gen Z are fueled by their desire to achieve more despite anything.
Commenting on the release of the report, Nipun Marya, CEO, iQOO India, said, “iQOO embodies the spirit of quest, resonating with the Gen Z in every communication. As a brand dedicated to pushing boundaries and striving for more, iQOO echoes these values to its Gen Z audience. Reinforcing our commitment to supporting dreams, last year, iQOO onboarded India’s first 23-year-old Chief Gaming Officer from Kanpur. We are committed to creating opportunities that enable the youth to pursue their passions. The brand actively engages in initiatives that help individuals realise their potential and the report is an effort towards that. The aim is to inspire the Gen Z to embark on their own quest despite numerous challenges and achieve their dreams. The report findings provide valuable insights into understanding Gen Z better, enabling us to cater to their needs more effectively.”
While sharing views on the report, Prabhu Ram, Vice President– Industry Research Group, CyberMedia Research (CMR) said, “In our increasingly complex, digitally-driven world, today’s youth face unprecedented challenges. At CyberMedia Research (CMR), we have been at the forefront of understanding these evolving consumer paradigms. CMR’s research done for The Quest Report, commissioned by iQOO, explores the perspectives of a brave new generation of youth across Asia, Europe, North America, and South America, providing invaluable insights into their mindset and their quests. The high levels of clarity and focus on big dreams along with a hustler mindset underscore the state of today’s youth in India.”
14, Aug 2024
One Point One Solutions achieves record Q1 FY25 performance with significant growth across key financial metrics
Mumbai, August 14, 2024: One Point One Solutions, a leader in next-generation Business Process Management (BPM) services, has announced its financial results for the first quarter ending June 30, 2024, demonstrating exceptional performance across key financial indicators.

• Revenue: Grew to ₹61.15 crore in Q1 FY25 from ₹52.36 crore in Q4 FY24, marking a 16.79% sequential growth and a substantial 71.12% year-on-year increase from ₹35.73 crore in Q1 FY24.
• EBITDA: Increased to ₹17.84 crore in Q1 FY25, up from ₹15.53 crore in Q4 FY24, representing a 14.87% growth and a 39.27% rise compared to ₹12.81 crore in Q1 FY24.
• PAT: Rose to ₹7.60 crore in Q1 FY25, up from ₹6.66 crore in Q4 FY24, reflecting a 14.13% sequential increase and a 75.93% year-on-year growth from ₹4.32 crore in Q1 FY24.
Business Highlights:
• Increased the authorised share capital from Rs 50 crore to Rs 70 crore and an issuance of equity shares and warrants
• Signed a non-binding term sheet to purchase 100% stake in a BPO firm in Latin America
• Secured a strategic client win with a pioneering medical device company based in Tampa, Florida, USA
• New clients signed include, one of India’s largest integrated power companies and a leading NBFC, dedicated to providing customer centric financial solutions
• One Point One Solutions Limited (OPOSL) subsidiary, ITCube Solutions won a prominent global client specialising in combatting brand threats through cutting-edge AI-driven tools
Management Comment:
Commenting on the results, Mr. Akshay Chhabra, Managing Director said:
“We are thrilled to report a record-breaking start to FY25, with exceptional growth in revenue, EBITDA, and PAT. This performance is a testament to our unwavering commitment to delivering value to our clients through cutting-edge BPM solutions and a strategic focus on operational efficiency. The strong momentum from this quarter provides a solid foundation for sustained growth throughout the year.”
Mr. Chhabra added, “Our efforts in business transformation, leveraging Generative AI and Robotic Process Automation (RPA), are beginning to yield significant results. We are particularly excited about our first acquisition this year, which strengthens our presence in the North American market. This strategic move will accelerate our growth in the American region and adds new verticals in healthcare, finance & accounting, and IT software development, positioning us as a full-stack player in the industry. We remain confident in our ability to continue driving substantial value for our shareholders while expanding our leadership in the BPM sector.”
The Financial results for the quarter ended June 30, 2024 are available in the Investor Relations section of our website www.1point1.com
About One Point One Solutions Ltd.
One Point One Solutions Ltd is a full-stack solutions provider across BPO, KPO, IT Services, Technology & Transformation and Analytics. Over the last two decades, the company has established its expertise in offering comprehensive solutions across technology, accounting, skill development and analysis to clients in a wide variety of sectors. Following the recent acquisition of- ITCube Solutions Pvt Limited, One Point One Solutions has consolidated its solutions in the IT, BPM and KPO domains. The company now has centres in Pune and Cincinnati, Ohio apart from its existing ones in Navi Mumbai, Gurgaon, Chennai, Bangalore, Indore and Pune. One Point One USA Inc, the organization’s wholly-owned subsidiary in Delaware in the United States marks its international foray while in the acquisition of ITCube Solutions has already strengthened its presence in England, Netherlands, Germany, Kuwait Oman m UAE, Qatar, India, Singapore and Australia, apart from the USA.
Led by Founder-Chairman Akshay Chhabra, the company serves a broad spectrum of industries including Banking and Finance, Retail and E-commerce, Consumer Durables & FMCG, Travel & Hospitality, and Insurance & Healthcare. A 5600+ strong team focused on providing efficient services caters to the company’s growing clientele.
The company’s services include Organisations, Customer Services, Sales, Collections, Construction Bid Management, Medical Record Retrieval and Summarization, Tech Helpdesk, BackOffice, Accounting, Litigation, Recruitment, Design and Development among others. By leveraging next-gen technologies including GenAI and intelligent automation, the organisation has been able to develop and deploy innovative solutions that have delivered considerable value to the company’s 50+ clients.