CSMIA Hosts 3rd Edition Of Jaya HE Museum’s Carnival Series With Aaghosham 2021

* The month-long celebration to showcase the endless beauty of Kerala

Chhatrapati Shivaji Maharaj International Airport’s (CSMIA) Jaya HE museum is hosting the third edition of its carnival series. The digital carnival ‘Aaghosham 2021 - Celebrating Kerala’ will be showcased on Jaya HE and CSMIA’s Instagram and Facebook platform until June 18. Through this festival CSMIA’s Jaya He Museum aims to bring a note of positivity and adventure by providing patrons from across the globe, the opportunity to explore the indigenous culture and heritage of the state of Kerala from the comfort of their homes.

‘Aaghosham’ denotes ‘Celebration’ in Malayalam, the local language of Kerala – a state famously known for its backwaters, elegant boathouses and delicately spiced cuisine. To showcase the grandeur of the state, CSMIA’s Jaya He carnival aims to bring together audiences from different parts of the globe to explore indigenous elements such as its cultural diversity, including history, society, art & crafts, people, food, festivals, textiles, tourism, and architecture of Kerala. The 30-day carnival will also capture Kerala’s unique performing arts in the form of classical & folk arts, dance and music. Additionally, the carnival will engage with over 200 children between the age group of 12-14 years from a BMC School in a playful storytelling format. The story session will be conducted live on Zoom with the carnival’s storytelling partners. 

Staging various elements each day through infographics, videos, photographs, live talks with renowned experts, the day-long forums are divided into storytelling sessions, activities, and Instagram Live sessions, conducted on CSMIA and Jaya HE’s social media platforms. The audience will also get a glimpse into the world of a performer, filmmaker, sustainable designer and chef from Kerala, along with the enthusiastic host - RJ Rohini Ramnathan, to name a few. By hosting the carnival on widely accessible digital forums, CSMIA is extending its mission to promote the culture and heritage of the diversity in India for the enjoyment of patrons across borders from the comfort and safety of their homes.

Launched in 2018, the Jaya He Carnival series was strategically introduced by the airport’s museum around the International Musuem Day, which is celebrated on May 18. Each year, the Jaya He Museum adopts the theme of the occasion to bring forth the cultural and artistic magnificence of the various states of India. Innovating on this theme announced by the International Council of Museum theme for International Museum Day 2021 - “The Future of Museums: Recover and Reimagine” – Jaya He Musuem has collaborated with multiple partners to celebrate the rich culture of Kerala. These include Utkarsh Patel as Mythology content partner, United Way of Mumbai as philanthropy partner and bringing Anvaya and Kathanika as the content partner and storytelling partner once again this year, respectively.

Since the outbreak of the pandemic, CSMIA’s Jaya He Museum has adopted various digital initiatives such as the first-of-its-kind digital airport carnival and a unique Jaya He Audio Guide app amongst others to provide an opportunity of exploration and an adventure to those bogged down by the lockdown and safety restrictions. In the previous edition, the Jaya HE Carnival featured the art, culture, tribal history & religion, textile & crafts, food & festivals of different states in North-East India that reached a diverse set of audience through Instagram and Facebook. Given the unprecedented time, CSMIA’s Jaya HE Museum continues to involve audience across the world, cultures, and traditions that they can resonate with.

CSMIA’s Jaya HE Museum is a celebration of Indian Art in every form and was conceptualized as an extension of the exclusive Indian aesthetic of Terminal 2. It is an exceptional vista where past, present, and future come together to create one of the largest public art platforms, where modern technologies fuse effortlessly with traditional knowledge. Through ‘Aaghosham’, CSMIA aims to offer endless experiences and engage a larger audience to be a part of this magnificent virtual celebration. 

About MIAL:

Mumbai International Airport Limited is a joint venture between a private consortium and Airport Authority of India (AAI). It is the first Public Private Partnership authorized by the Ministry of Civil Aviation for the operation and modernization of Chhatrapati Shivaji Maharaj International Airport (CSMIA). Through its transformational initiative, MIAL aims to make CSMIA one of the world’s best airport which consistently delights customers besides being the pride of Mumbai. The infrastructure, including its majestic integrated Terminal 2, and developments at CSMIA enhances the capacity to service 40 million passengers and 1 million tons of cargo annually.

Amrutanjan Healthcare’s Comfy Aims To Elevate Women’s Menstrual Health And Hygiene

* Offers high quality affordable and accessible solutions

* Launches a multi-media campaign featuring Shraddha Kapoor to create awareness about usage and benefits of sanitary napkins vis-à-vis cloth

Comfy Snug Fit, a fast growing menstrual hygiene brand from the house of Amrutanjan Healthcare Limited (Amrutanjan Healthcare), brings new hope in women hygiene market with its superior technology to provide affordable and high quality sanitary napkins. The brand is striving to provide hygienic menstruation solutions to cloth users, and will drive awareness campaign to educate cloth users about health and hygiene benefits of choosing sanitary napkins over cloth. It has roped in renowned actress Shraddha Kapoor to drive awareness campaign around menstrual hygiene.

Studies have shown that out of the 355 million* menstruating women in India, about a third use only cloth for their menstrual hygiene management. Only 38 per cent * menstruating girls in India spoke to their mothers about menstruation. Nearly 23 million* girls drop out of school annually due to lack of proper menstrual hygiene management facilities. This lack of menstrual hygiene is leading to serious health issues for women in the country. Nearly 60,000 cases* of cervical cancer deaths are reported every year from India, two third of which are due to poor menstrual hygiene. Accessibility and affordability of high quality products are major barriers to better menstrual health.

Sharing his thoughts, Mr. S. Sambhu Prasad, Chairman & Managing Director, Amrutanjan Health Care Limited, says, “The level of awareness and education regarding women’s menstrual health and hygiene remains low and is still considered as stigma in major parts of our country. As a purpose led company, we will launch a campaign aimed at raising awareness about women’s health and hygiene, in an effort to empower the women of India. We at Amrutanjan Healthcare, aim to elevate this issue which is one of the major concerns in the country and provide hygienic high quality solutions at affordable price point. With this goal we will strengthen our Comfy Snug Fit brand further. We are making sure we have robust distribution across the rural and rest of urban markets ensuring easy accessibility of the product. Comfy has grown over 5 times in last five years and our ambition is to be in top three in next 2-3 years.”

Starting at Rs. 20, Amrutanjan was the first company to launch a high quality napkin at a price point that was affordable to larger audience. Amrutanjan healthcare has partnered with TZMO Europe to obtain better technology and also made with pulp from North America. Additionally, the company also roped in an expert consultant from Israel for technical knowhow which has enabled it to develop a superior product. Comfy promises 80% better absorption than other leading brands in India.

The brand will launch a new campaign to drive home the important message of menstrual health and hygiene. The campaign will be launched on a variety of platforms across multiple media, including TV, digital and in-store.

Mr. Mani Bhagavatheeswaran, Chief Marketing Officer, Amrutanjan Health Care Limited,  “About 2-3% of women* in rural India use sanitary napkins while majority of the rest depend on cloth. Our new campaign aims to educate them on benefits of using a sanitary napkin. As a brand which works closely to elevate the women hygiene solutions, we are excited to accelerate our journey by having Shraddha Kapoor as our first ever brand ambassador on board. She is highly popular and connects with the target audience. Additionally, having spoken out vocally about issues close to her heart, she brings an authenticity and credibility to her role as ambassador and we are looking forward to a long and fulfilling partnership together.”

Commenting on the initiative, Shraddha Kapoor says, “I am extremely delighted to be partnering with Amrutanjan Healthcare for their range of Comfy Snug Fit sanitary napkins. Their endeavour to provide feminine hygiene solutions to women across the nation and spread awareness about the topic is truly commendable. As a woman, I've always actively supported the cause of menstrual hygiene. Talking about periods in India is still taboo. As per reports, many girls drop out of school each year when they start their periods. Using cloth is still the norm in many parts of the country, and it poses hygiene risks for girls. Not only is it uncomfortable, cloth has a high probability of infections.  I urge girls to use safer, better hygienic products such as the Comfy sanitary napkin. I am glad I could play a role in promoting women’s health on a national scale by associating with a brand from the house of Amrutanjan Healthcare, which is caring, healing and touching lives for 127 years.”

Conceptualised by RK Swamy BBDO, the campaign has a unique and informative advertisement storyline. In the ad, Shraddha Kapoor can be seen shooting in a village, when a young village girl comments at the end of her shot. They strike up a conversation and it is revealed that the young girl is preparing to go to college, but is afraid of ‘that time of the month’, as she puts it. The dazzling Shraddha Kapoor comforts the girl and gives her a packet of Comfy Snug Fit Sanitary Napkin from her bag. Although wary at first, upon seeing the price blurb on the packet, both the girl and her mother who is also in the background, break into a smile. The ad ends with an infographic describing the technology used in the napkins to ensure a dry and comfortable experience.

Commenting on the campaign, Ms. Navneet Virk, Creative Head – South, R K SWAMY BBDO, says, “We built this campaign on the insight that small changes in life can make a big difference.If a young girl can comfortably and hygienically manage her period, she can go to college,and she can have access to better education, better opportunities and in the long term build a better life for herself. Typically for every girl, college life is a turning point and if things pertaining to period go wrong, many tend to drop out or stay home out only out of sheer embarrassment. Thus at this critical juncture in a girls life, through this TVC, Comfy wants to hold her hand and ease her over this threshold into a better tomorrow, helping her step out with confidence, helping her fly instead of feeling tied do. We wanted to cue liberation and that’s what the powerful campaign line does, 'Mud ke nahin, ud ke dekho!(don’t turn back to check for stains, just fly). That’s been Comfy's promise,that every young girl should have the power to be herself and discover her full potential.”

About Amrutanjan Healthcare Private Limited (Amrutanjan Healthcare)

Amrutanjan Healthcare Private Limited (Amrutanjan Healthcare) is a 127-year-old company with a rich legacy and is best known for its iconic brand Amrutanjan Pain Balms. A purpose-driven and innovative company, Amrutanjan Healthcare offers a versatile product portfolio. Its flagship brand, Amrutanjan, is a pain management expert that provides high quality solutions using pure and natural ingredients. Its expertise lies in combining science and naturalness, rooted in Ayurveda. Amrutanjan Healthcare believes in ethical business practices and strictly stands against the use of chemicals such as Diclofenac which have harmful side effects and damage the environment as a whole. Apart from pain management products, Amrutanjan Healthcare offers products in other categories including women’s hygiene brand Comfy Snug Fit, beverage brands Electro+ and Fruitnik and in cold and congestion category through the Amrutanjan Relief brand. As a company that is employee centric, it endeavours to provide a culture that accepts new ideas, embraces change and encourages innovation. The company’s commitment to support inclusive growth is uncompromising which is proven through the social services undertaken for generations by the company. Company is actively engaged in the fields of education for deprived sector, preventive health, environment protection, animal welfare and women empowerment.

Epson Receives The Prime Minister's Prize At National Commendation For Invention 2021

 

* Prize for inventing a high-brightness, high-image-quality projector using laser light source 

Seiko Epson Corporation (TSE: 6724, "Epson") today announced that, "The Invention of a High-Brightness, High-Image-Quality Projector using Monochromatic Laser Light Source (Japanese Patent No. 5928569)" has received the Prime Minister's Prize at the National Commendation for Invention 2021 (sponsored by the Japan Institute of Invention and Innovation). This is the second time that Epson has received this prize since 1974, when Epson received this prize for Japanese Utility Model Registration No. 957711 for "The Invention of a Device for Correcting the Date and Day of the Week of a Calendar Watch."

A ceremony will be held on June 22 at The Okura Tokyo, Minato Ward, Tokyo.

The National Commendation for Invention*1 are awarded by the Japanese Imperial Family*2 and are intended to contribute to the improvement of science and technology and the development of industry by honoring those who have completed or implemented inventions in Japan and those who have contributed to the promotion of inventions. The winner of the best invention or design receives the Imperial Invention Prize, followed by the Prime Minister's Prize.

*1: The National Commendation for Invention started with the first Imperial Commendation for Invention in 1919, and is sponsored by Ministry of Education, Culture, Sports, Science and Technology, Ministry of Economy, Trade and Industry, Japan Patent Office, Japan Business Federation, Japan Chamber of Commerce and Industry, Japan Patent Attorneys Association, and the Asahi Shimbun Company.

*2: On the Emperor's Birthday, the Imperial Family grants funds to encourage inventions.

The invention that was the subject of the prize this time is technology that generates red, green, and blue projection light using laser light and a phosphor wheel. In addition, the laser light is digitally blinked to enable brightness adjustment while preventing flicker from appearing in the projection image. By adopting this technology, we have achieved high brightness and high image quality for laser projectors.

Prizes and Winners

Prime Minister Prize

Takashi Toyooka and Makoto Zakoji (Visual Products Division)

Invention Implementation Achievement Award

Yasunori Ogawa (President and Representative Director, Chief Executive Officer)

The Winners' Comments

Takashi Toyooka

"It's a great honor for us to have created a projector with high brightness and high image quality using this invention and other technologies, and to have been able to contribute to the development of new image expressions such as projection mapping and digital art. We believe this prize is recognition for the image technology developed by Epson through the effort of our many colleagues. We will continue to pursue value from large-screen images and the beauty of light, and we will continue to develop technology that enriches communities."

Makoto Zakoji

"It's a great honor to receive the Prime Minister's Prize. Creating a laser projector that includes the present invention meant we had to build a new product from the bottom up, from basic development through to the commercialization stages. It was tough overcoming some of the issues, but I think this prize acknowledges that laser projectors have now become more widespread worldwide. I'm delighted that the hard work of all our colleagues have been recognized in this way. We will continue to work to develop technology that will help bring projectors closer to people and make them more user-friendly."

Compared with lamp light source models, laser projectors have higher brightness, longer operating life, and smaller size, thus reducing environmental impact. Illumination is instantaneous, and they can project from various angles so there are no restrictions on the installation angle meaning they are handy for projecting on the ceiling or floor. In addition, the use of this technology makes it easy to digitally adjust the brightness of the projected image, making it very convenient for various environments.

Projectors using this technology are are used for fantastic spatial design with vivid projection images at MORI Building DIGITAL ART MUSEUM: EPSON teamLab Borderless (Koto Ward, Tokyo). They also contribute to arts and culture, as a tool for creating new image expressions.

Overview of the Invention

In the present invention, attention was focused on the fact that a desired color light can be generated by irradiating a phosphor material with laser light. A phosphor wheel is irradiated by monochromatic laser light, and red, green, and blue light are then produced from the resultant fluorescent light (yellow = red + green) and the monochromatic laser light (blue) and used as projection light. For the brightness adjustment function required for projectors, the laser light is digitally blinked using a frequency signal with pulse widths having lengths corresponding to the desired brightness. Because image flicker occurs when the blinking frequency and the rotation frequency of the phosphor wheel interfere with each other, the two frequencies were optimally set. By the above, a high-brightness and high-image-quality projector has been realized that has a long operating life, is highly convenient, and can be used for projection mapping and the like. In particular, its brightness can be controlled digitally and more accurately so the projectors can be easily used in situations that require many projectors, such as spatial design.

HDFC ERGO Partners With Visa To Provide Specialized Insurance Policies For Business Cardholders

HDFC ERGO General Insurance, India’s leading private sector general insurance company, announced its partnership with Visa, the leader in digital payments. The partnership will provide curated insurance covers for Visa’s business cardholders.

To start with, the partnership will offer two insurance products - Business Suraksha Classik and my:Credit Personal Accident Insurance group policy:

Business Suraksha Classik policy will provide small traders and shop owners a safety mechanism from accidents due to Fire, Floods, Earthquake, Burglary, Cash in kept in a safe, among others with enhanced add-ons under the Fire section like spontaneous combustion, waiver of under insurance up to 15%, increased limits for architect/surveyor fees and removal of debris.

my:Credit Personal Accident Insurance group policy is broadly divided into two different insurance offerings that can be customized, namely – Accident Shield and Permanent Disability plan. Under Accident Shield, the sum assured will be provided to an individual (or family of an individual) if the insured sustains an injury due to an accident which shall within twelve months of its occurrence is the sole and direct cause of death. In case the insured is permanently disabled due to an accident then the Permanent Disability benefit will cover the individual as per the sum assured under the plan.

Speaking about the partnership Mr. Ankur Bahorey, President – Bancassurance Business, HDFC ERGO General Insurance Company said, “Traditionally SME owners have given limited attention to business risk management, which often makes them vulnerable towards several factors such as theft or Act of God, unforeseen health conditions, loss of income due to reasons beyond their control etc. They also need to consider employee benefits, assets & liability management and; most important; family protection. We believe SMEs now need to draw up a prudent financial strategy to navigate through such unplanned & unfortunate incidents. With this association, we will deliver solutions as well as a sense of security to SMB owners and their respective employees.”

Mr. Manish Daswani, Head – Business Solutions, India and South Asia, Visa said, “Small businesses are amongst the most adversely impacted by the pandemic and Visa remains committed to helping them navigate and thrive in the new normal. We are thrilled to partner with HDFC ERGO to bring specialized insurance solutions to our Visa business cardholders. These bespoke plans have been built with the needs of MSMEs in mind and aim to ensure the financial wellbeing and security of our cardholders and their businesses.”

The my:Credit Personal Accident policy provides a total sum insured of up to INR 1 crore which is subject to the credit limit of an individual card holder and for tenure of 1 year. Additionally, adults between the age group of 18 to 60 years are eligible to opt for this policy. The policy is customised and its benefits are exclusively made available for Visa customers.

HDFC ERGO is a ‘Digital First’ insurance company and leveraging on technology the Company has designed a portal exclusive for Visa customers. 

About HDFC ERGO:

HDFC ERGO General Insurance Company is a joint venture between Housing Development Finance Corporation Ltd. (HDFC) and ERGO International AG; the primary insurance entity of the Munich Re Group of Germany. With complimentary skill sets and strengths of both the companies, the JV formed in 2008. HDFC ERGO offers the complete range of General Insurance products including Motor, Health, Home, Agriculture, Travel, Credit, Cyber and Personal Accident in the retail space and Property, Marine, Engineering, Marine Cargo, Group Health and Liability Insurance in the corporate space. The Company also offers a range of products for rural India, including Gramin Suraksha, Parivaar Suraksha, Crop, Weather and Cattle insurance. Innovative insurance products like Mosquito Disease Protection Policy, E@secure, Title and Solar Energy Shortfall Insurance have also set milestones in the way insurance can adapt to and cater for whatever it is that the customers need.

Over the last few years, HDFC ERGO has constantly endeavored to not just align itself to the evolving market needs, but instead be a pioneer in terms of its offerings. Having its ears to the ground has helped HDFC ERGO create a stream of highly targeted new products and AI-based tools and technology. Be it unique insurance products, integrated customer service models, top-in-class claim process or a host of technologically innovative solutions, the Company has been able to delight its customers at every touch-point and every milestone. The Company has been a market leader in using technology to advance the reach and impact of insurance in the country.

Recently, the Company announced the completion of the merger of HDFC ERGO Health Insurance (formerly known as Apollo Munich Health Insurance) with HDFC ERGO, which came in to effect on November 13th, 2020. This merger marked the second successful merger in India’s general insurance sector, following the merger of L&T General Insurance in 2017. With a wide distribution network and a 24x7 support team, the Company has been offering seamless customer service and innovative products to its customers. 

About Visa:

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of digital commerce on any device for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce.

QuEST Global Becomes Elite Service Delivery Partner In NVIDIA Partner Network

* New status recognizes QuEST as a leader in AI & Edge Computing

QuEST Global, a global product engineering and lifecycle services company, announced that NVIDIA has recently elevated it as an Elite Service Delivery Partner in the NVIDIA Partner Network (NPN). This highest-level status is awarded to organizations that have demonstrated excellence in utilizing NVIDIA accelerated computing technology solutions. This elevated designation will further enable QuEST in delivering next-gen AI solutions to its customers.

With this partnership, QuEST will now have early and extended access to NVIDIA platforms and software, newly released solutions, workshops, and occasional technology updates by NVIDIA. Additionally, QuEST will have access to NVIDIA  Executive Briefing Centers (EBCs) in different regions to showcase its innovative solutions built on NVIDIA technologies. As an NPN partner, QuEST has been leveraging NVIDIA’s AI platform to enhance its vision inspection & defect detection solution targeted towards the industrial and manufacturing sector. The solution uses NVIDIA DGX systems to train custom vision AI models that are then deployed for high-speed edge inference and training that allow QuEST customers to do rapid PoCs, allowing them to improve operational intelligence and enhance the decision-making process.

With deep learning becoming a key driver in the digital transformation of organizations, the vision inspection, and defect detection solution will showcase QuEST’s capability to leverage NVIDIA GPUs  to develop real-world use cases that tackle cross-industry concerns. QuEST will continue to work on more AI use cases that could be applied for autonomous vehicles, computer vision, inspection, predictive maintenance, logistics, drones, robotics, etc.

Apart from being a part of the NPN, QuEST was also one of the first companies worldwide to be selected for the NVIDIA Deep Learning Consulting Partnership Program and has been part of the NVIDIA Jetson Partner Ecosystem since 2018. QuEST had developed one of its innovative solutions - lung cancer nodule detection from CT scans using the NVIDIA Jetson edge AI platform. The solution, developed to be used in clinical diagnostics and cancer screening applications to support radiologist diagnostics, leverages the Jetson platform for deep neural network training & validation to develop models that would enhance the accuracy of analyzing CT images compared to the conventional image processing methods.

“The NPN Elite-level status is reserved for partners who demonstrate a history of expertise in the areas of artificial intelligence, machine learning, and deep learning,” said Craig Weinstein, Vice-President of the Americas Partner Organization at NVIDIA. “QuEST is a strong collaborator in the development of solutions and services based on NVIDIA AI technology.”

Krish Kupathil, Head – Digital Innovation and Hi-Tech at QuEST Global, said, “We are extremely proud to achieve NPN Elite partner status. This is a testament to our commitment to offer industry-leading, next-generation AI and deep learning solutions that our customers have come to expect from us. We have been leveraging the NVIDIA AI platform to accelerate digital transformation across diverse verticals spanning the healthcare, industrial, and energy sectors, to name a few. We look forward to collaborating closely with NVIDIA to drive tech-driven business growth for customers across industries.”

Toyota Kirloskar Motor Clocks Wholesales Of 707 Units In The Month Of May 2021

* Registers over 100% growth in cumulative wholesales from January to May in 2021 when compared to the corresponding period in 2020

Toyota Kirloskar Motor today announced that the company sold a total of 707 units in the month of May 2021, amidst the prevailing restrictions & sporadic lockdowns in several parts of the country. Even before the state-wide lockdown was declared in Karnataka, TKM had already announced its annual maintenance shutdown at its plant in Bidadi, starting on the 26th of April until the 14th of May, so as to enhance its operational efficiencies. This further added to the number of non-production days at it’s plant in Bidadi. For reference, TKM had reported wholesales of 1639 units in the month of May 2020 and 9622 units in the month of April 2021. The cumulative wholesales of TKM in the first five months of 2021, stands at 50,531 units when compared to 24,820 units sold in the corresponding period last year, thereby registering a growth of 104%.  

Commenting on the situation, Mr. Naveen Soni, Sr. Vice President, TKM said, “Last month witnessed no production at our plants in Bidadi as well as minimal sales owing to the much needed restrictions & sporadic lockdowns in different parts of the country. Hence comparing last month’s performance to that of May 2020 would be highly skewed, as May 2020 had witnessed a gradual restart of both operations and sales. More so for TKM, as even before the restrictions were announced in Karnataka, we were well within our planned annual maintenance shutdown, thereby adding onto the number of non-production days.

Having said that, the overall market situation as well as consumer sentiments are better than May 2020. In fact, we have even registered a 104% growth in cumulative wholesales clocked from January to May in 2021, when compared to the same period last year. We also anticipate that factors like ‘pent up demand’ and the demand for personal mobility will continue to be quite significant once the markets open as consumers will want to own their vehicles instead of using shared or public mobility options. A testimony to this is the fact that we have a very healthy number of pending orders and there has been no significant order cancellation against the orders. However, we will be able to take a better stock of the situation once the restrictions are relaxed.

On the manufacturing side, we are trying to ensure that all possible measures & preparations are made to resume production as soon as the lockdown is withdrawn, so as to be able to cater to the immediate mobility needs of our customers at the earliest. Moreover, we are also focusing on vaccinating our employees as well as our dealer staff so as to ensure lower risk & severity of infections, once the markets open. More than anything else, we want our workforces to be safe and hence we are channelizing our synergies to drive vaccination camps for our employees at the plant as well as for our dealer staff at various dealership locations across the country”, he concluded.

Venus Remidies Rides High On Exports, Registers 61% Growth In Annual Sales For FY 20-21

* The company’s annual sales grew from Rs 339.33  crore in FY 2019-20 to Rs  548.12 crore this fiscal, a 61% growth over last year 

* It posted a net profit of Rs 61.77  crore in FY 2020-21

* The firm’s EBITDA grew by 59% in FY 2020-21 to reach Rs 73.40  crore

Capitalising on its execution of large export orders even in the face of Covid-19 constraints, Venus Remedies Ltd (VRL), India’s leading Research and Development-driven pharmaceutical company, has recorded a 61% increase in annual sales in 2020-21 as compared to the previous financial year.

Driven by a robust supply of active pharmaceutical ingredients by key long-associated suppliers and riding on global exports, the company’s major growth driver, VRL’s annual sales grew from Rs 339.33 crore in FY 2019-20 to Rs 548.12 crore this fiscal.

Announcing its audited, consolidated and standalone financial results for the quarter and year ending March 31, 2021, the company reported a net profit of Rs 61.77 crore. Its EBITDA grew by 59% in FY 2020-21 to reach Rs 73.40 crore.

Embarking on a debt-free future for the company, VRL has repaid its entire debt with banks and financial institutions in FY 2020 -21. “As on date, there are no secured borrowings from banks or financial institutions in the books of accounts of the company,” said Mr Saransh Chaudhary, President, Global Critical Care, Venus Remedies Ltd, while commenting on the annual results.

“We have been putting in dedicated efforts and resources over the past two years to strengthen our relations with suppliers and customers, which helped us in gaining their confidence and proved to be a key turning point for the company,” he said.

Speaking about the highlight of its operations in FY 2020-21, Chaudhary said that while the world reeled under the adverse impact of the pandemic, VRL rose to the occasion by catering to the requirements of Covid-19 patients through medicines addressing the problem of blood coagulation and other critical care antibiotics.

VRL’s R&D initiatives to develop new products catering to unmet medical needs and its focus on building a robust product pipeline consisting of a balanced mix of generic and R&D-based drugs have given a definitive edge to the company in the pharmaceutical industry.

Chaudhary said that with a recalibrated marketing strategy and a carefully laid out marketing blueprint, VRL has been able to tap into an expansive customer base both within and outside India, which has turned out to be a decisive game-changer for the company.

About Venus Remedies Ltd.

Venus Remedies Ltd. is a research and development driven, pharmaceutical manufacturing company and among the leading injectable manufacturers in the world.

The manufacturing units are certified with 20+ national and International Accreditations, including EU-GMP, TGA-Australia, among many others. The company has an international presence in 70+ countries, covering over 75 products, with a focus on critical care and oncology. 

VRL is one of the very few R&D-driven companies in the world working on Antimicrobial Resistance, focusing on novel solutions to tackle the growing threat of superbugs. The Company's R&D centre is approved by the Department of Scientific and Industrial Research, Government of India (DSIR) and is located in Baddi, India. 

Driven by a top class team of managers and motivators, this organization is counted as one of the most professional companies of India and a preferred place for top innovators and managers to join the bandwagon of the globally significant Indian Pharmaceutical industry.

Venus Remedies’ research team has proved itself to be a power house of innovation with an extensive portfolio of patented research products targeting Antimicrobial Resistance. Company is focused to deliver unique and innovative solutions for key unmet medical needs in the areas of Antimicrobial Resistance, integrated natural medicine and cancer effectively.