16, Apr 2024
Gold Savings App Jar Surpasses 2 Crore Users
Bangalore, April 2024: Jar offers a streamlined investment journey that takes minimal time and customers can start saving money in small amounts, which gets invested in 24K, 99.9% pure gold. With Jar, users can save effortlessly and convert it to cash or receive physical gold at their convenience. Jar’s revolutionary round-off method effortlessly accumulates spare change from every transaction and invests it in gold so users can save that extra bit every month.
The company’s remarkable growth has not gone unnoticed. Jar won in the Best WealthTech Startup category at the Global Fintech Awards 2023 and was even mentioned as being one of the top UPI auto-pay players in the country. Jar was also recognized by LinkedIn as one of India’s Top Startups of 2023.
In the last 3 years, Jar has truly made leaps and bounds in the digital gold space, having started with a simple thought. Traditionally, there have always been high entry barriers in savings and investing: a high ticket size to start investing, time to understand and get started, and the complexity of the financial products.
From humble beginnings in Hassan, Karnataka, and Bihar Sharif, Bihar respectively, both Nishchay Ag and Misbah Ashraf had seen first-hand how middle India both earns and spends on a daily basis. They knew there was a gap in the market for a financial product that could help millions of people save better and get them started on their financial fitness journey.
That’s how Jar was born and, through Jar, these barriers of entry have been reduced significantly by leveraging the two most widely adopted financial tools in India – UPI and gold. Gold remains a popular investment in India, with over half the population (53%) choosing it. Now, a growing number of young investors are turning towards digital gold.
After getting a foothold in the gold space, Jar now plans to expand its offerings to include Lending, Investments, and more to meet the needs of its ever-growing user base.
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- By Rabindra
11, Jan 2024
Dedication of 17 Ag&p Pratham’s Cng Stations to Serve the People of Hassan
Hassan, 11th January 2024: Hon’ble Minister of Petroleum and Natural Gas Shri Hardeep Singh Puri dedicated 17 AG&P Pratham’s CNG stations in Hassan, Chikkamagaluru, and Kodagu Geographical Area to the people today, in the presence of Shri Abhilesh Gupta – Managing Director and CEO, AG&P Pratham and Shri Takeshi Shinohara – Senior General Manager, Osaka Gas, Japan, along with other dignitaries from AG&P Pratham, Osaka Gas and HPCL. In the state of Karnataka, AG&P Pratham operates in 15 districts catering to 55% of the geographical area.
Speaking at the Inauguration ceremony of AG&P Pratham’s CNG station, Mr. Hardeep Singh Puri, Hon’ Minister of Petroleum and Natural Gas appreciated AG&P Pratham’s efforts in building natural gas-powered infrastructure in the country. The Minister welcomed the Japanese investment in Indian CGD sector and sought more Japanese investment in development of gas infrastructure in India. He talked about the technological advancement in the gas sector in Japan and expressed his hope that the collaboration with AG&P Pratham would ensure bringing Japanese technology into Indian operations. He said that this is testament of the commitment of the Government under the leadership of Hon’ble Prime Minister Shri Narendra Modi to provide people with convenient and environment-friendly energy options. He also said that the availability of CNG and PNG in the region opens a new chapter in the lives of the community and further said that very soon every household in Hassan will have PNG connects. He also talked about Governments’ commitment to phased increase in bio gas blending on CNG and PNG as per recent policy initiatives. He further said that Shri Narendra Modi led Government is working on increasing FDI and improve international collaborations and in developing India as an energy hub.
Shri Abhilesh Gupta, Managing Director and CEO, AG&P Pratham, informed that AG&P Pratham has already invested around 4000 Crores in its GAs and further commitment of another 15000 Crores in the next 6-7 years. He said that we are ready to provide PNG connections to about 2 lakh household in the next few months. Under the visionary leadership of the Hon’ble Prime Minister and the able guidance of the Hon’ble Minister the Government has realised the dream of One Nation One Grid and which ensure gas is delivered far-flung areas with optimised logistics costs and removing tax inefficiencies. Our network spans 3400 kms of MDPE pipelines, 900 kms of steel pipelines and 300 CNG Stations. He thanked Dr. Anil Kumar Jain, Chairman, PNGRB for the passion with which PNGRB has been driving creation of CGD infrastructure across the country.
Shri Takeshi Shinohara from Osaka Gas expressed sincere gratitude to the visionary
