1, May 2023
Godrej Agrovet wins prestigious India Risk Management Awards

Bangalore, 01 May 2023: Godrej Agrovet Limited (GAVL), one of India’s largest diversified agribusiness company, has been recognized as the winner at the India Risk Management Awards 2022-23, presented by CNBC-TV18 and ICICI Lombard. Received on behalf of the company by S Varadaraj, Chief Financial Officer and Head – Legal & IT, this accolade acknowledges GAVL’s unwavering commitment to excellence in risk management amid the challenges posed by a rapidly evolving global economy, geopolitical conflicts, technology acceleration, and shifting global value chains.
GAVL has established a comprehensive risk management program comprising of well-defined procedures, structures, and guidelines to identify, evaluate, monitor, and address business risks including any material changes to its risk profile. To achieve this, the organization has clearly defined and ensures proper risk management through a system-based approach, which is supported by solid internal control systems and processes. This strategy combines divisionally developed procedures with centrally issued policies to guarantee the creation of appropriate risk management policies and processes.
Balram Singh Yadav, Managing Director, GAVL said, “Effective risk management is paramount to the success and longevity of any business. With today’s business environment making it imperative for businesses to have updated strategies and cooperative efforts amongst the teams, we are honored and humbled to receive this recognition for our dedicated efforts in this area. We are proud of our team’s commitment to innovative thinking and proactive risk mitigation and thank India’s Premier Risk Management Awards for acknowledging the role of this vital business practice.”
Expressing his gratitude upon receiving the award, V Swaminathan, Head – Corporate Audit & Assurance, Godrej Industries Limited said, “Risk management is a very critical and intense process of how we run our business in Godrej. Each and every initiative of ours is well researched and discussed so as to ensure proper risk mitigation without impediments to our growth and meeting stakeholder expectations. Considering the volatility in our operating environment wherein climatic factors, government policies and business environment play a major role, it is herein that our strong risk management strategies help us provide farm to fork products at optimal price, consistent quality and timely deliveries to farmers or consumers. As we stay committed to superior standard of risk mitigation strategies to further our growth and meet our business targets, we are delighted to receive this award which reaffirms Godrej Groups’ commitment to implement Best Risk Management practices across all our businesses.”
Receiving the award on behalf of the company, S Varadaraj, Chief Financial Officer and Head – Legal & IT said, “We strongly believe that a robust and efficient risk management strategy is essential for any company’s growth and prosperity. As a leading diversified agribusiness, risk management is essential to our success and sustainability in the rapidly changing business landscape. On behalf of our entire team, I extend our sincere gratitude to the esteemed panel of judges for acknowledging our contributions and remain steadfast in our pursuit of excellence in risk management. We believe that our accomplishments will continue to pave the way for fresh ideas and solutions in the future, and we are thrilled to be a part of the journey towards a brighter tomorrow.”
The esteemed jury for the India Risk Management Awards comprised of Ashish Vora, President and Business Head of CRISIL Market Intelligence and Analytics, Dr Glory Swarupa, Director General of NIMSME under the Ministry of MSME, Dhanpal Jhaveri, CEO of Eversource Capital and Vice Chairman of Everstone Group, Hersh Shah, Chief Executive Officer of IRM India Affiliate, Dr CKG Nair, Director of the National Institute of Securities Markets (SEBI’s Educational Arm), and Saurabh Chakravarty, Head of Treasury at UltraTech Cement.
- 0
- By Rabindra
1, May 2023
eMudhra Limited reports strong full year results with healthy revenue growth at 38.3% y‐o‐y, 26.6 % q‐o‐q, with EBITDA margin at 36.5% and PAT margin at 24.1 %
Bengaluru, IndiaMay 01 2023: eMudhra Limited (BSE: 543533, NSE: EMUDHRA), a digital trust, digital security and paperless transformation solution provider, today announced its financial results for Q4 FY23 and full Year FY23 ended on March 31, 2023, as approved by its Board of Directors.
Key Financial Highlights (Consolidated)
(All amounts are in INR million, unless otherwise specified)
|
Particulars |
Q4 FY 23 |
Q4 FY 22 |
Y‐o‐Y Growth (%) |
Q3 FY 23 |
Q‐o‐Q Growth (%) |
FY23 |
FY 22 |
Y‐o‐Y Growth (%) |
| Total Income | 789.83 | 454.31 | 73.9% | 623.86 | 26.6% | 2,540.56 | 1,837.35 | 38.3% |
| EBITDA | 259.37 | 184.44 | 40.6% | 223.69 | 16.0% | 926.09 | 688.00 | 34.6% |
| EBITDA [%] | 32.8% | 40.6% | ‐ | 35.9% | ‐ | 36.5% | 37.4% | ‐ |
| PAT | 158.00 | 107.97 | 46.3% | 152.12 | 3.9% | 611.98 | 411.37 | 48.8% |
| PAT [%] | 20.0% | 23.8% | ‐ | 24.4% | ‐ | 24.1% | 22.4% | ‐ |
| Adjusted PAT* | 183.70 | 113.91 | 61.3% | 157.37 | 16.7% | 643.62 | 416.62 | 54.5% |
| Basic EPS (INR) | 2.06 | 1.54 | 33.7% | 2.00 | 2.8% | 8.35 | 5.90 | 41.5% |
| Diluted EPS
(INR) |
2.06 | 1.54 | 33.7% | 2.00 | 2.8% | 8.01 | 5.90 | 35.8% |
| *Adjusted for ESOP benefit expenses. | ||||||||
Commenting on the full year results, V. Srinivasan, Executive Chairman, eMudhra Limited said, “We are pleased to report another quarter of consistent performance and a strong full year result with revenue growth of 38.3% y‐o‐y, EBITDA growth of 34.6 % y‐o‐y and PAT growth of 48.8% y‐o‐y.
As a solution provider focussed on securing enterprise transition to zero trust and going paperless, the importance of cryptographic identities cannot be overstated. These identities provide a secure and tamper‐proof method of verifying the identity of users and devices as part of digital data and document exchange, allowing for greater control and traceability within an organization’s security architecture.
Both the cybersecurity and paperless office segments of our solutions business over time will represent large addressable markets globally as they are sector agnostic. Given the relatively early stage at which the industry is, we anticipate demand for these lines of business to continue, driven by levers such as strong customer experience, cost savings and enabling stronger cyber security posture for enterprises.
Our Enterprise solutions saw healthy growth both in India and International markets driven by adoption of both our eSignature workflow platform for “Paperless Office” and our cybersecurity suite of offerings including emCA and emAS. Over the past year, our solutions have been deployed across a range of mission critical use cases from paperless transformation of various industries such as BFSI, Pharma, Manufacturing, eGovernment, etc. to enhancing cybersecurity for use cases in Government and Defence, Card Payments, ePassport implementation, and for securing Connected Vehicles, Smart Grids and Blockchains.
Our products have matured over the last several years as a result of significant R&D and implementations for several large‐scale marquee customers, positioning eMudhra as a one stop shop in the Identity, Authentication and eSignature space; providing us an edge when we go to global markets. As we continue to make investments into expanding the range of our solutions and the depth for specific industries such as BFSI and Pharma, we also continue to hire leaders and work with global IT research companies to expand our reach and coverage to address growth opportunities in key markets such as North America, Middle East and Africa and Asia Pacific.
On trust services, we enjoy a strong brand in India resulting in healthy growth and stickiness for our retail and direct to consumer sale of digital signature certificates. During Q4 FY23, to address the pricing pressure from master partners, we also broad based our sale of digital signature certificates to a much larger set of sub partners thereby broad basing our revenue and also improving its quality.
We also saw significant uptick in revenue for our new products such as eSign and SSL/TLS certificates which present significant growth opportunities going forward. As many emerging markets continue to look at the model built as part of Digital India to drive digital transformation, we continue to evaluate setting up trust services in other geographies to offer models similar to eSign which can be plugged into a digital identity framework for signing.
To summarize, we feel confident that our mature products, marquee reference customers and focus on R&D and strong leadership team has helped build a unique positioning in this space to tap opportunities as enterprises and governments embark on their transition to zero trust”.
Financial Highlights
- Revenue for the year was INR 2,540.54 million, an increase of 38.3% from the previous year.
- Gross profit for the year was INR 1,941.35 million, representing a gross margin of 76.4%.
- EBITDA for the year was INR 926.09 million, with an EBITDA margin of 36.5%.
- EBIT for the year was INR 767.64million, with an EBIT margin of 30.2%.
- PAT for the year was INR 611.98 million, with a net margin of 24.1%.
- Adjusted PAT (adjusted for ESOP benefit expenses) for the year was INR 643.62 million
- Earnings per equity share (of face value Rs. 5) for the year was INR 8.35, an increase of 41.5% from the previous year.
- The company had cash and cash equivalents (including deposit and liquid investments) of INR 1,193.25 million at the end of the year and is debt free.
- Dividend recommended by the Board, 25% of face value.
Key Metrics
- Enterprise Revenue split between India and International is 48.6% and 51.4% respectively.
- Enterprise Revenue split between Partner and Direct is 25% and 75% respectively.
- Enterprise Revenue split between Cyber Security and Paperless segments is 62% and 38% respectively.
- Trust Service Revenue split between Retail, Channel and New Products (eSign/SSL) is 35.3%, 48.2% and 16.5% respectively.
- # of DSCs issued in FY 2023 is 2.9 million, representing a growth of 21.0%
- # of Retail Customers in FY 2023 is 249,000, representing a growth of 30.4%
- Employee headcount at 763, with a total R&D staff of 271
- Operating Cash Flow at 67.9% of PBT.
Key Project Wins
- Rollout of eSignature workflow (emSigner) along with document vault capabilities for a mid‐ market electronic/appliance retailer in US as a replacement to their existing eSignature platform. emSigner will be used as an integrated offering to manage both document signature and document movement for securitization journey resulting in improved customer experience as well as operational efficiency.
- Rollout of our Certificate Discovery product for a very large public sector Bank in India that will enable key and certificate lifecycle management across users, devices, etc. allowing the bank to secure their infrastructure using PKI technology.
- Rollout of emAS identity and access management solution along with MFA and SSO for the defence forces. They are using the SSO and MFA capability to securely login into more than 300+ internal applications. PKI infrastructure is being leveraged to validate user credentials at scale.
- Defence forces provided with end‐to‐end encryption of large data loads being communicated between the stations. Provided hybrid encryption approach of generating keys centrally in the HSM and made the same available for users through secure key exchange protocols.
- emSigner workflow platform deployed for a large customer that is the primary electricity generation, transmission, and distribution company in one of the biggest kingdoms in the middle East. Integrated with ERP system, they are leveraging the solution to digitally sign invoices at scale among other workflows that have been digitized using emSigner.
- Acquisition of a significant customer (a large State‐owned entity that is a Trust Service and eStamping provider) in the Indonesian market for driving eSignature and eStamping use cases with introduction of Mobile based digital signatures in the Indonesian market.
- Deployed emSigner banking instance for a large bank in the middle east to drive paperless operations in both customer facing and internal banking workflows. Solution integrated with core banking application to digitize many departments including retail banking, loans, credit card, corporate and investment banking, etc. Issuing organization certificates to digitally sign documents across the workflows for compliance and legal non‐repudiation.
- Issuing Digital Certificates using emCA for Smart meters deployment in the Eastern Europe for a gas distribution company. This deployment showcases eMudhra’s reach and presence in the European market and demonstrates its capability to deploy PKI for high volume connected devices.
- Expansion into the African market by setting up a root Certificate Authority (CA) in Kenya. This strategic move aims to bolster the digital landscape of the region by providing reliable, secure, and compliant digital identity solutions.
- Implementation of CA solution (emCA) for payments and security for a Central Bank in the Middle East. This is helping the Central Bank establish a secure card payment infrastructure using PKI as the backbone and be compliant with global payment security standards.
Research and Innovation
- Launched emDiscovery ‐ a Certificate Lifecycle Management Platform providing a centralized dashboard for discovering, renewing and provisioning different types of digital certificates that organizations use. This product effectively strengthens eMudhra’s positioning as a one stop shop player in the space.
- Continued focus on R&D of products across IoT certificate management as the awareness and need for cybersecurity increases in the context of identifying and securing devices, which are extensively used in Smart Cities, Smart Electric Vehicles, etc.
- Launch of several new features in emSigner including unique capabilities for the Banking industry to manage complex eSignature workflows for corporate banking and integrations into systems such as Core Banking, Trade Finance, etc.
- Integrations with leading ERP, CRM and HRMS systems allowing enterprises to quickly kickstart their journey of paperless transformation using digital signatures for cost reduction.
- emAS has been significantly strengthened to offer strong user provisioning, and identity and access management capabilities allowing acquisition of customers in Defence, Smart Cities, Banking and eGovernance.
- emCA’s capabilities have been enhanced to allow issuance of certificates to credit/debit cards for securing payments as part of POS terminal authentication and ePassports including modules for enhanced identity management with demographics, terminal authentication and acceptance of other country passports.
Other Business Highlights and Recognitions
- IDC ranks eMudhra #1 in Digital Identity and Trust category ‐ India in 2022
- Recognized as a vendor for eSignatures in the Gartner ‘Market Guide for Electronic Signature’.
- Also recognized as a vendor for PKI and Certificate Management in the Gartner Report Titled ‘How to Select DevSecOps Tools for Secure Software Delivery’ & mentioned as a Strong Performer in Gartner® Peer Insights™/Voice of Customer: Electronic Signature Report for the Asia/Pacific Region.
- eMudhra Certified as a ‘Great Place to Work’ for FY 2023
- Launch of trust services in Kenya and UAE with focus on driving adoption of digital signatures in initial set of use cases in eGovernance and BFSI
- Expansion of Sales teams including leadership hires in North American market and on‐ground teams in Saudi Arabia, Qatar, Kenya and Indonesia.
- eMudhra continues the Chairmanship of Asia PKI Consortium and actively engages in the advancements of PKI adoption and awareness. During the year, various MoUs have been signed with global organizations including African Alliance for e‐Commerce (Africa), Arab Information and Technologies Organization (AICTO, The League of Arab States) and European Telecommunication Standards institute (ETSI, Europe).
- eMudhra continues its Board Member position in the European Cloud Signature Consortium. In March 2023, our nomination to the CSC Technical Committee was approved. The committee is in charge of taking strategic decisions for the technical work and takes the lead for specific topics aimed towards the advancement of Online Signature Specifications through CSC APIs.
- eMudhra was elected to chair and convene the panel on Digital Signature Certificates in the Bureau of Indian Standards (BIS), in Oct 2022.
29, Apr 2023
Brakes India forays into lubricants with the all-new brand Revia

April 2023: Brakes India, one of the most trusted names in the automotive sector for safety & quality, forays into the lubricants segment, in the all-new Revia brand. Leveraging Brakes India’s strong distribution network and 60+ years of rich legacy, the company is diversifying into the engine oil space catering to both passenger cars and commercial vehicles segments with its newest brand.
S Sujit Nayak, Vice President and Head, Aftermarket Business, Brakes India said, “Established for over 6 decades, Brakes India is known in the automotive industry for safety components from TVS Girling, TVS Apache and TVS Sprinter. We are very excited to launch the engine oil in our new brand – Revia.”
Revia engine oil has a wide product portfolio with 9 grades of engine oil – 5 for Passenger cars and 4 for commercial vehicles. The company also offers the premium fully synthetic range for SUVs and MUVs. Revia 15W40 CK4 engine oil is compliant with latest BS6 norms and caters to all new generation engines.
Speaking of the product range, Sujit explained, “Revia engine oil is formulated to provide maximum engine protection and efficiency under extreme driving conditions. Advanced additives in Revia engine oil like HyperZDP technology for passenger cars and turbo boosters for commercial vehicles, boosts engine longevity and performance.”
Speaking about the scope for growth in this market, Sujit explained, “With growing demand for efficient lubricants, evolving BS standards and growing vehicle population, the engine oil segment is poised for growth.”
29, Apr 2023
Union Cabinet’s approval of the National Medical Devices Policy: Reaction Quote : Trivitron Healthcare
Quote – Dr. GSK Velu, Chairman, and MD of Trivitron Healthcare
Great news for India’s medical device industry! The Union Cabinet has approved the National Medical Devices Policy 2023, fulfilling PM Shri Narendra Modi’s vision of making India not just Atmanirbhar Bharat but also a leading international supplier of medical devices.
This policy will drive accelerated growth, promote innovation, and create new jobs in the sector. With a patient-centric approach, we will ensure medical devices’ quality, safety, and efficacy while making them affordable and accessible to all. Let’s work towards achieving our goal of making India a global leader in medical device manufacturing, with more than 10-12% share over the next 25 years.

Quote – Ms. Chandra Ganjoo, Group Chief Executive Officer, Trivitron Healthcare
I am pleased to see the Indian medical device industry making significant strides in recent times. The Indian government’s vision for the National Medical Devices Policy 2023 is a positive step toward establishing India as a world leader in the medical device industry. The policy aims to make the Indian medical device industry self-reliant and meet patients’ evolving healthcare needs. In addition, it aims to encourage domestic manufacturing, reduce imports, and boost exports, resulting in a substantial expansion of the sector.
At Trivitron Healthcare, we are glad to be a part of this journey toward a stronger, more innovative, and sustainable medical device industry in India. We strive to continue providing world-class medical devices that cater to the needs of patients and healthcare professionals, both in India and globally.
29, Apr 2023
Work-life balance at the forefront: Balancehero India implements an unlimited leave policy
29 April 2023 | Noida – In recognition of the World Day of Health and Safety at Work, Balancehero India, a digital lending company with an NBFC and PPI license, has announced several new initiatives to prioritize the well-being of its employees. Notably, it has become one of the first companies in the fintech ecosystem to offer an unlimited leave policy to its employees, emphasizing its commitment to creating a safe and healthy work environment. By prioritizing the health and safety of its employees, Balancehero India aims to lead the industry in promoting a positive work-life balance.
In addition to providing unlimited leaves, Balancehero India has also introduced a range of employee programs, including flexible working hours and a hybrid working model, as well as team bonding programs like “The TB Way.” These programs are designed to make the workplace more flexible, supportive, and rewarding, allowing employees to work in a way that best suits their needs and responsibilities outside of work.
Balancehero India has also started the “Ways of Working” program, or “WOW,” designed to make new employees feel welcome, comfortable, and supported from day one. From the Buddy Program to the New Joiners Team Lunch, Balancehero India is committed to making sure every employee feels valued and included. “The TB Way is”, a quarterly team bonding program designed to boost morale, increase team bonding, and let employees unwind and have fun. Finally, the ACE (Aiding Career Enhancement) Program is designed to help employees grow and develop professionally. The program provides opportunities for career advancement and personal growth, giving employees the tools and resources they need to succeed.

Commenting on the developments, Gaurav Sharma, CHRO of Balancehero India, emphasized the company’s unwavering commitment to its employees, stating, “At Balancehero India, our employees are our top priority, and we believe that fostering a supportive and adaptable work culture is key to their success. As pioneers in our field, we take great pride in being one of the first organizations in the fintech ecosystem to introduce an unlimited leave policy. Through these initiatives, we are confident that our team members will have a positive impact, leading to job satisfaction and productivity, making it a desirable workplace for top talent.
In an era where work-life balance has become increasingly important, Balancehero India’s focus on its employees’ well-being is a commendable step. By introducing employee programs that support flexible work arrangements, career advancement opportunities, and team bonding, the company is setting an example for the industry to follow. Lastly, the company places a strong emphasis on caring for its stakeholders. This is evident from the organization’s past CSR initiative, the Sahayk Programme, which aimed at providing upskilling opportunities to 1,000 young Indians. This initiative is aligned with the government’s “Digital India” campaign and highlights the company’s dedication to creating a positive impact in the community.
29, Apr 2023
United270 Global launches new campaign for GenZ fashion e-commerce brand Virgio
Bangalore, April 29, 2023: United270 Global, a web2 to web3 creative agency has launched a fresh campaign for GenZ fashion e-commerce brand Virgio. Titled “Your Vibe Your Tribe”, the influencers campaign conceptualized & executed by United270 Global celebrates the power of being yourself and the possibility of inspiring others along the way with your self-assurance.
Positioned to resonate with the vibrant Gen-Z of today, Virgio has launched its first brand film which features five diverse individuals who through their fashion preferences showcase their personal style and life choices – much like expression through art. In the film, each character is visibly different from the next – from how they look, to their demeanor and their personalities. They are shown going about their day, tackling daily challenges and tasks. Through visual keys, this film urges people to carve their paths, live on their terms, and make their decisions for themselves – independent of the societal norms designed to limit them.
Virgio is a homegrown, deep-tech fast fashion brand that brings trendy fashion solutions to the youth of today, who come with unique styles, colorful personalities, and revolutionary ideas. Among multiple agencies, United270 Global emerged as the perfect choice that aligned with the brand’s Gen-Z-centric approach and creative outlook. United270 Global was entrusted with the responsibility of creating a memorable campaign that highlights what the brand stands for. The communication lab will also eventually be leading the brand’s gradual integration and transition into Web3 – the sustainable way of the future.

Commenting on the campaign, Jeff Emmanuel – Chief Creative Officer and Co-founder, United270 Global said “We pride ourselves in the type of campaigns that we take on – usually featuring dynamic characters, strong messaging and future-first ideas. Virgio’s brand voice is in line with our ethos – expression and innovation. Counting on our young dynamic team was the key to building this narrative and speaking the brand language through design & storytelling. We were happy to be a part of this engagement as we saw potential in one day assisting a transition into the future – Web3. In the world of client-agency – we were able to collaborate to create this together. We believe “human to human” aspects become key, for any brand to start its journey. “
“We have also looked to expand our services with the Gen-Z focused brands which become key to transform brands to stay relevant & engage with consumers, through our parallel Virtual fashion setup Adamevefamily which focuses on sustainability tech for the brands who are keen on building communities.” Where we are merging AI into virtual influencers/models to be the brand custodians adds Jeff.
“United270 Global in the past has worked with similar brands that are targeted towards the youth of today – the infamous Gen Z. Right from the people we involved in creating the films to the types of characters we built the film around; all were extremely relatable to the young target audience. We saw great potential in challenging norms, especially after the tech got introduced to fashion and saw a shift to the online world post-pandemic. With this campaign and the lens through which Virgio perceives things, it will be on the same page as many leading global brands in no time.” said Sanjay Parashar – Chief Business Officer, United270 Global.
“Virgio is a brand for tomorrow – we champion individuality and unapologetic self-expression. We aimed to execute a campaign that declared our message loud and clear, and together with United270 Global we created the ‘Your Vibe Your Tribe’ campaign. We commend the collective effort by the team in not just understanding the requirement and delivering, but also building on the initial brief and bringing the idea to life – right from the film, print, digital content executions, and digital brand communication design. Great campaigns make brands memorable and in association with United270 Global, we aimed to send a strong message that we are also deeply rooted in – individuality and expression. We look forward to our association with them and doing great work together.” said a spokesperson from Virgio.
29, Apr 2023
Medical Value Travel Awards 2023: FICCI honours top hospitals across India for excellence in healthcare

New Delhi, 29th April 2023 – Federation of Indian Chambers of Commerce and Industry (FICCI) felicitated
several hospitals and medical facilitators across India for their outstanding contributions to the field of healthcare. The Medical Value Travel Awards 2023 (MVTA 2023) ceremony was held in recognition of the growing trend of medical tourism and the importance of providing quality medical care to patients from around the world.
Among the winners of the Medical Value Travel Awards 2023 was Ayurvedic Hospital & Research Centre in Kottakal in the category of Ayurveda and Wellness Centre, which was recognised for its excellence in ayurvedic treatments and research. Shinon Healthcare, in the category of medical facilitator, was honoured for its exceptional services in arranging medical travel for patients.
Medanta Hospital, Fortis Escorts Heart and Research Institute – Okhla, and Apollo Cancer Institute – Chennai were recognised for their excellence in the categories of cardiology (cardiac surgery), cardiology (interventional cardiology) and radiation oncology, respectively. Similarly, the Fortis Memorial Research Institute in Gurgaon was felicitated for its excellence in neurosciences, medical oncology, surgical oncology, and transplant–bone marrow.
Krishna Shalby Hospital was also recognized for its exceptional services in orthopaedics joint replacement, while Artemis Hospital was awarded for its excellence in spine surgery. Indraprastha Apollo Hospitals was honoured for its exceptional services in transplants – kidney. Fortis Escorts Heart and Research Institute in Okhla, New Delhi was recognised for its excellence in pediatric cardiac sciences, cardiology, and cardiac surgery. Fortis Hospital – Noida was awarded for its excellence in transplant – liver.
Last but not least, the Amrita Institute of Medical Sciences was given a special jury recognition during the FICCI-led award ceremony. EY (Ernst & Young) was the process advisor for the MVTA 2023, which was instrumental in finalizing the winners for different categories of awards.
Among the dignitaries who spoke on the occasion were Himachal Pradesh Health Minister Col. (Dr.) Dhani Ram Shandil; Mr Lav Agarwal, Additional Secretary, Ministry of Health and Family Welfare, Government of India; Mr Gopal Krishna, Special Secretary, Ministry of Health and Family Welfare, Government of India; EY Partner Mr Amiya Swarup and others.
Speaking at the award ceremony, Mr Lav Agarwal, Additional Secretary, Ministry of Health and Family Welfare, Government of India, said: “It is an honour to be here today to celebrate the FICCI Medical Value Travel Awards 2023. I am delighted to be part of this prestigious award ceremony.”
The Medical Value Travel Awards recognize the top hospitals across India that have shown excellence in the healthcare sector. These awards recognize the hard work and dedication of the hospitals to provide high-quality healthcare services to the people of India.
Medical Value Travel Awards are a great way to acknowledge and encourage the healthcare industry’s efforts. It is also a great way to motivate doctors, nurses, and other healthcare professionals to strive for excellence in their field.
“Today, we are recognizing the achievements of some of the leading hospitals in India, which have made a significant contribution to the health and wellbeing of our citizens. We recognize and thank them for their hard work and dedication to the healthcare sector,” he said.
Mr Agarwal said: “The Medical Value Travel Awards is a great platform to showcase the best practices in the healthcare sector. I am sure that the hospitals that have been recognised today will continue to set a benchmark in providing quality healthcare services to the people of India. I congratulate all the award winners for their outstanding work and I wish them all the best.”
Himachal Pradesh Health Minister Col. (Dr.) Dhani Ram Shandil said, “All fraternity and stakeholders present here, we all want humanity to be free from any disease. Travel and health combined together can improve the economy of India.”
Election Commissioner for the Union Territories Mr Sudhanshu Pandey said: “In 2015, we started MVT organisation, exhibition, and reverse buyer-seller reach and we wanted things to be taken over by the Ministry of Health and Family Welfare. It gives us a lot of confidence that the trust we have built in this world; we have honoured that.”
EY partner Mr Amiya Swarup said, “We implemented a rigorous process in finalizing the winners for the awards in various categories and through Medical Value Travel Awards 2023, we are recognizing India’s finest healthcare service providers.”
The Medical Value Travel Awards 2023 is a testament to the growing importance of medical tourism in the global healthcare industry. These hospitals and medical facilitators have set the bar high for quality medical care and have demonstrated their commitment in providing exceptional services to patients from around the world.
29, Apr 2023
IESA Annual Members Meet 2023: Shaping the Future of Electronics and Semiconductors in India

Bangalore, 29 April 2023: The Indian Electronics and Semiconductor Association (IESA) congregated all its esteemed members at its Annual Members Meet 2023. The event was organized on April 27, at the Conrad Bengaluru. The event served as an excellent platform for members to gain insights into the present plans, and progress metrics, and actively contribute to strategizing the future trajectory of IESA.
The Annual Members Meet is an important event in the IESA calendar. The gathering brings together industry leaders, innovators, and key stakeholders from the electronics and semiconductor sector. The convention provides a unique opportunity to collaborate, share ideas, and collectively work toward the growth and development of the industry.
Speaking about the event, Sanjay Gupta, Chairman IESA said, “We are thrilled to have hosted the IESA Annual Members Meet 2023 and invite all our esteemed members to attend. This annual event is an excellent opportunity for us to share our progress, plans and vision for the future of the electronics and semiconductor industry in India. Our members’ participation in strategizing the future trajectory of IESA is vital for us to achieve our mission of making India a global leader in the ESDM industry. With prominent speakers providing valuable insights and engaging in stimulating discussions on current trends, challenges and opportunities in the industry, we are confident that our members will find the event quite enlightening.”
The participants got a chance to engage with prominent speakers, thought leaders, and experts who shared their knowledge and experiences on the latest industry trends, emerging technologies, and market dynamics. The event also featured interactive sessions, and networking opportunities thereby facilitating meaningful conversations and fostering partnerships within the ESDM industry in India.
29, Apr 2023
Tamilnadu Petroproducts was awarded India’s First BIS Certification under IS 12795: 2020 for high-quality LAB Production
May 29, 2023, Chennai: Tamilnadu Petroproducts Limited (TPL), part of the petrochemicals division of Singapore-headquartered AM International Holdings (AMIH) and among India’s leading manufacturers of industrial intermediate chemicals, is the first company in the country to have it’s Linear Alkyl Benzene (LAB) certified under IS 12795: 2020. The company was recently honored for this feat at the prestigious All India First License – Award Ceremony in Chennai. The event was conducted by the Bureau of Indian Standards (BIS).
As the National Standard Body of India, the BIS is the largest of all Indian certification bodies and plays a significant role in the country’s standardization, marking, and quality certification of goods. While the BIS certification is voluntary, compliance to these is made compulsory by the Central Government for select products under various considerations, viz. public interest, protection of human, animal, or plant health, the safety of the environment, prevention of unfair trade practices, and national security.
Congratulating the company on the recognition, Mr. Ashwin Muthiah, Vice Chairman of TPL and Founder-Chairman, of AM International, said, “At TPL, we take pride in being an industry leader committed to delivering high-quality products to our customers. The recognition by BIS demonstrates our unwavering commitment to the highest manufacturing standards and continuously investing in R&D and innovation. The team’s dedication and hard work have enabled us to serve our customers and build long-term relationships.”
LAB is one such product that requires compulsory compliance with the standards stipulated by the BIS. According to the provisions of The Linear Alkyl Benzene (Quality Control) Order, 2021, only LAB manufacturers with ISI 2795:2020 certification can sell their products in the Indian markets. The certificate is a means to provide a third-party guarantee of the quality, safety, and reliability of products to customers.
The demand for LAB is rising in India due to the growing awareness through government initiatives such as the Swachh Bharat Mission. Other factors include changing lifestyles due to a considerable increase in per capita disposable income. It has led to the detergent manufacturing industry’s growth, further boosting the demand for LAB in the country.
LAB is a crucial raw material for manufacturing synthetic detergents and industrial cleaners. TPL is India’s leading manufacturer of LAB and the only producer in South India. Around 40% of the fabric detergents used in Indian households constitute TPL’s products. Its ‘Superlab brand is among the most trusted LAB brands in the country today. The compliance under IS 12795: 2020 further establishes the company as the preferred partner for the industries having LAB applications.
29, Apr 2023
Mission to Empower Teens With Financial Knowledge

Mumbai, April 29, 2023: Shaurya Kabra, a 17-year-old bright youngster, has taken up the admirable initiative of launching his book, Ek Prayaas, at a very young age. Recently, he distributed his book at Raajyakeey Uchch Praathamik Vidyaalay Manda in Ajmer to create awareness about financial literacy among students. This is one of the many projects Shaurya has undertaken to promote financial literacy in India, and to date, he has distributed 65,000 books among children in various cities.
The book, originally written in English, has been translated into Hindi, Marathi, and Tamil, and distributed in schools in different states, such as Rajasthan, Maharashtra, Bihar, Gujarat, Madhya Pradesh, and Tamil Nadu. “Half of India’s rural population lacks financial knowledge, has limited access to information, and is unbanked. We recognized that financial inclusion would instill the habit of saving and investing, provide unbanked people with access to formal funding, and reduce their vulnerability to economic shocks,” says Shaurya. “Recognizing the importance of educating them from a young age, I decided to take the first step with my book. It uses simple language, story formats, fairy tales, interactive crossword puzzles, and activities to help rural and tribal populations understand and engage. Schools have added it to the curriculum.” further added by Shaurya.
Through this book, Shaurya attempts to share his financial knowledge and that of experts in the field. Shaurya has strong views on financial literacy and is a boy on a mission with immense “prayers” (efforts). The idea behind the book is to teach people about financial opportunities and increase their understanding of investments and how to grow their money.