AIC Pinnacle Unveils "Evolve"- A 10-Month Incubation Program Empowering Startups To Commercialise Innovative Ideas

Atal Incubation Centre (AIC) - Pinnacle Entrepreneurship Forum is delighted to announce the launch of its highly anticipated "Evolve" Incubation Program, a transformative 10-month initiative aimed at nurturing innovative ideas and fostering profitable ventures for startups. Supported by Atal Innovation Mission and Niti Aayog, Evolve Program equips participants with essential tools, guidance, and resources required to thrive in today's fiercely competitive business landscape. 

Designed with an unwavering commitment to support and empower entrepreneurs, Evolve offers eligible startups the opportunity to acquire a seed fund of upto Rs. 25 lakhs, which includes AIM seed fund support and also the co-investment from non-government sources through angel investors via Arthayan, an accelerator platform. 

The program embraces a sector-agnostic approach, welcoming startups in the ideation, Proof of Concept (POC), or Prototype stage from any sector. However, women-led entrepreneurs and startups working in the areas of government flagship programs will be preferred. With a maximum cohort size of 30 startups, the program spans 10 months, offering participants the flexibility to choose between equity-based fees or incubation charges based on their developmental stages. AIC Pinnacle boasts of a rich pool of mentors, corporates, and investor tie-ups, ensuring participating startups receive top-notch support and guidance throughout their entrepreneurial journey. 

Dr. Sudhir Mehta, Founder of AIC-Pinnacle Entrepreneurship Forum and Chairman of Pinnacle Industries & EKA, expressed his enthusiasm for the launch, stating, "We are thrilled to unveil the Evolve Incubation Program, which empowers the next generation of entrepreneurs. At AIC-Pinnacle, we strongly believe in the potential of innovative ideas and are dedicated to providing unwavering support. Evolve's strategic modules address key aspects, from product development to funding and networking. Our hybrid approach ensures accessibility while enriching sessions lay a robust foundation. Startups will benefit from expert mentorship, cutting-edge resources, legal support, and funding opportunities. Join us in revolutionizing the entrepreneurial landscape, leaving a lasting mark on the business world.  Let's shape a limitless future together!" 

To maximize accessibility and effectiveness, the Evolve program adopts a hybrid approach, seamlessly blending online and offline elements. The initial three months encompass a series of enriching sessions aimed at laying a strong foundation for startup success. 

Through the Evolve program, AIC Pinnacle pledges unwavering support, offering a wide array of services to participating startups, including prototyping assistance, access to cutting-edge software and tools, tailored testing and lab support, certification guidance, mentorship from a distinguished panel of experts, state-of-the-art infrastructure, legal and IP support, extensive networking opportunities, business planning expertise, access to a vibrant startup community, seed funding support from various government and non-government agencies, go-to-market strategy assistance, and an exclusive Investor Demo Day for invaluable exposure to angel investors and venture capital firms. 

The Evolve Incubation Program is thoughtfully structured into four modules, each strategically curated to address vital entrepreneurial aspects. The first module, "Product Development," guides startups from ideation to crafting a compelling Minimum Viable Product (MVP) and prototyping, all while benefiting from expert mentorship. The second module, "IP & Legal," offers comprehensive assistance in company formation, Intellectual Property Rights (IPR), and other legal aspects, establishing a strong foundation for growth. The third module, "Business Planning & Funding," provides participants with expert guidance in preparing compelling pitch presentations and gaining access to vital seed funding support. Lastly, the "Networking and Go-to-Market" module helps startups establish valuable connections with potential clients and investors, offering specialized B2B, B2G, and B2C support, result-oriented digital marketing strategies, and unparalleled networking opportunities. 

Applications for the Evolve Incubation Program are now open and will be accepted until 10th August 2023. The much-anticipated cohort is set to commence on 2nd September 2023. This groundbreaking opportunity is poised to revolutionize the entrepreneurial landscape, empowering startups to elevate their ventures to unparalleled heights and leave an indelible mark on the business world.  

SANY India Delivers “8 Units Of SCC7500A” One Of The Biggest Crawler Cranes In India, To Sanghvi Movers Limited

SANY India, a leading manufacturer of construction equipment, reached a significant milestone by delivering 8 units of the SANY SCC7500A 750 Ton crawler cranes, in the first quarter of financial year 2023-24, to Sanghvi Movers Limited, (SML) one of the largest crane rental company in India and 6th largest globally in terms of its fleet size With delivery of these 8 Units of Sany SCC7500A, 750 Ton Crawler Cranes, SML now owns 10 Units of these cranes which is the largest fleet of Sany Cranes owned by any company across world.  

This delivery strengthens SML’s position as the largest Hoisting Solutions Company in India, with a fleet of 45 SANY crawler cranes, truck cranes and all-terrain cranes available as rental solutions for core infrastructure projects across multiple sectors.  

A formal function was held on 8th July 2023 at The Ritz Carlton, Pune where senior executives from SANY India and Sanghvi Movers Limited were present. The keys for SANY SCC7500A 750 Ton crawler cranes were handed over to Sanghvi Movers Ltd. The event was attended by Mr. Deepak Garg, Managing Director, SANY India & South Asia, Mr. Dawson Zhu, Executive Director, Mr. Dheeraj Panda, Chief Operating Officer (Sales, Marketing & Customer Support) at SANY India & South Asia, and Mr. Rishi Sanghvi, Managing Director, Mr. Sham Kajale, Joint Managing Director & CFO, Mrs. Mina Sanghvi, SML group promoter, and Mrs. Maithili Sanghvi, Non-executive Women Director from Sanghvi Movers Limited.  

In his statement at the event, Mr Deepak Garg, Managing Director, SANY India & South Asia, said, “Our association with Sanghvi Movers has come a long way. Earlier in 2022, we delivered 4 units of the SCC8000A, India's Largest Crawler crane of 800-tonne, to Sanghvi Movers Limited, and continuing their trust in us this year, we are delivering 8 more units of the SANY SCC7500A, a 750-tonne crawler crane. We are honoured to be their trusted partners and stand committed to delivering them top-quality equipment that ensures exceptional safety, reliability, and durability under the most challenging conditions found at different working sites. 

He further added, "We cherish this association and look forward to further strengthening our partnership in the years to come. Together, we are determined to surpass expectations, drive innovation, and set new benchmarks in the realm of construction equipment. Our shared goal is to empower India's infrastructure growth and make a lasting impact on the nation's progress." 

Mr. Rishi Sanghvi, Managing Director, Sanghvi Movers Limited, said,  

"We are immensely grateful to SANY India and Mr. Deepak Garg & his team for their unwavering support and trust in Sanghvi Movers. Sanghvi Movers is the leading hoisting champion in India for the last 34 years. Therefore, at Sanghvi Movers, credibility, reliability, durability and safety are paramount. These new crawler cranes will enable us to excel even in the most challenging working conditions and fulfil the diversified demands of our customers. 

Our cherished association with SANY India is a testament to our shared dedication to driving innovation and setting new industry benchmarks. Together, we are steadfast in our commitment to empowering India's infrastructure growth and contributing to the nation's progress." 

The SCC7500A is a 750-ton lifting capacity crawler crane, designed to excel in wind energy and non-wind energy applications (such as Cement Sector, Petro-Chemicals & Refinery, Steel Plants & Power Plants), with a maximum boom length of 108 meters and a maximum luffing jib combination of 96 meters + 96 meters,. SANY India’s crawler cranes offer excellent reliability and the highest operational efficiency, along with technological innovations, maximum safety, stability, and flexibility in all operating environments. The SCC7500A has a maximum lifting moment of 10,000 ton-meters and is equipped with a highly powerful and efficient Cummins engine with a rated power of 447kW/1800rpm. This crawler crane can be configured with various boom combinations, depending on the application requirements. Currently, the crane is deployed at a wind power project in Jamnagar, Gujarat.  

ABOUT SANY India   

SANY India offers the widest range of Construction Machinery in India & South Asia. In 2012, SANY India invested more than INR 750 crores to develop infrastructure for R&D, Manufacturing, Quality Inspection, Testing, and Service at their manufacturing facility in Chakan, Pune. Through this facility, the company operates in multiple Business verticals viz: Earth Moving, Lifting, Foundation, Mining, Ports, Concrete, Roads and Renewable Energy solutions. Presently, SANY India offers products like excavators, truck-mounted cranes, all-terrain and rough terrain cranes, crawler cranes, transit mixers, batching plants, boom pumps, trailer pumps, piling rigs, motor graders, pavers, milling machine, compactors, reach stackers, rubber tyred gantry cranes, rail-mounted gantry cranes, mining equipment, wind turbine generators and many more. 

The company has already established a strong network of around 42 dealers and 260 touch points across India to cater to the growing demand and provide support to all its customers & associates. SANY has more than 25000 machines delivered on the ground, contributing to infrastructure development projects in India & other South Asian countries. Owing to its widest product range, superior build quality, service commitment, innovative solutions, and global expertise, SANY India has achieved market leadership in various construction equipment segments. With the Government of India’s focus on infrastructure development and modernization, the company is poised for tremendous growth. 

IIT Roorkee And Imarticus Learning Unveil “Innovative Program” For Aspiring Product Managers

Continuing Education Centre (CEC) at the Indian Institute of Technology (IIT) Roorkee and Imarticus Learning, a leading professional education company, is proud to announce its collaboration to introduce the Professional Certification Program in Product Management. This program is offered through the Continuing Education Centre, IIT Roorkee (CEC IITR), and is designed to equip existing product owners with the necessary skills and knowledge to become successful product leaders, as well as aspiring professionals who wish to enter the field of product management. 

The Professional Certification Program in Product Management is a comprehensive 5-month course that combines live online classes with campus immersion at IIT Roorkee. The participants will have the opportunity to learn from renowned faculty members and industry experts, gaining insights into the entire product lifecycle, from development to positioning, pricing, and deployment. 

The program focuses on developing skills in new-age product management, including product roadmap creation, execution, growth strategies, analytics, and more. Participants will have the opportunity to build their own products, gaining practical experience and valuable insights for product improvement. The program emphasizes the collation of ideas, innovation, and curates product-focused strategies to increase the return on investment (ROI) on outcomes. Upon completion, they will be prepared for high-demand, best-salaried product management opportunities and sustainable career growth. 

Mr. Nikhil Barshikar, Founder of Imarticus Learning, said " We are elated to partner with CEC  IIT Roorkee and make a broader impact on individuals and enhance the potential for positive change. The curriculum, designed by IIT Roorkee, provides learners with the necessary skills and knowledge to excel in the field of product management, preparing them for high-demand, well-paid career opportunities. This program allows the learner to build a product from scratch for advanced career growth and enhance their portfolio. One of the unique features of this program is the campus immersion experience at IIT Roorkee, where learners will have the opportunity to network with industry pioneers and further enhance their understanding of product management. During the program, the learners will get a chance to build their own products, gain practical experience, and develop skills in product development.’ 

Prof. Kaushik Ghosh, Coordinator Continuing Education Centre, IIT Roorkee, said, “We are pleased to collaborate with Imarticus Learning in offering this future-focused and market-centric product management course. The expert leadership combined with Imarticus Learning's empirical experience will provide learners with the expertise they need to excel in product management." 

This exceptional program stands out because it provides a New-age Product Management Program, IIT Roorkee Designed Curriculum, Live Interactive Sessions by IITR Faculties, Campus Immersion, Product Development, and 160 + Hours of lectures as well as hands-on training. 

Upon successful completion of the program, participants will receive a certification from CEC, IIT Roorkee, adding value and credibility to their credentials. 

About Imarticus Learning  

Imarticus Learning is a leading Edtech company in India, offering high-quality, industry-specific education via innovative technology, specialized training, career assistance, and mentorship from industry professionals. It has impacted over 10,00,000 careers within a decade through leading-edge curriculums, highly experienced faculty, and over 500 global partnerships with leading institutions and corporations. Imarticus Learning seeks to upskill existing and future workers to fulfill various industries' current and upcoming job market demands. Its objective is to provide learners with valuable learning experiences, educate them with industry-specific skills, and prepare them to take on multiple job roles in their sector. 

Imarticus Learning is renowned for its unique teaching methodology, including immersive live lectures (online and offline), peer-to-peer discussions, hybrid learning modules, industry-focused seminars, capstone projects, guest lectures, soft skills training, etc. It offers courses that prepare learners for successful careers in data science, analytics, finance, banking, and technology. 

PNB Encourages Its Customers To Update KYC By August 31st , 2023

In line with the RBI guidelines, Punjab National Bank (PNB), nation’s leading public sector bank, has been encouraging its customers to update their “Know Your Customer” (KYC) information before August 31, 2023. The bank has sent out two Notices to the registered address and SMS notification on registered mobile number of those customers whose accounts have become due for KYC updation. Further, the same is published on bank’s social media handles and advertised in Newspaper on 28.07.2023.  

The notification in the newspaper states that “As per RBI guidelines, KYC updation for all customers is mandatory. If your account has become due for KYC updation as of 31.03.2023, you are requested to get your KYC updated through PNB ONE/IBS/registered e – mail/post or in person visit to any branch before 31.08.2023. Non updation may lead to restriction of operations in your account”. 

As part of the KYC compliance exercise, PNB customers are requested to provide their updated information like identity proof, address proof, recent photo, PAN, income proof, mobile number (if not available) or any other KYC information through PNB ONE/IBS/registered e – mail/post or in person visit to any PNB branch for the smooth functioning of their bank account(s). 

Ace Cricketer Ajinkya Rahane Invests In Renowned Plant Based Dairy Alternative Brand OATEY

OATEY, the renowned plant-based dairy alternatives brand, today announced its partnership with ace skipper Ajinkya Rahane. Ajinkya Rahane has been roped in not only as a brand ambassador but also as an investor for the brand. Ajinkya Rahane, an Indian international cricketer is dedicated towards maintaining and encouraging a healthy and sustainable lifestyle that perfectly aligns with OATEY's values. This collaboration marks a significant milestone in OATEY's commitment to promoting healthy, sustainable, and cruelty-free living while delivering exceptional taste and quality through their premium plant-based products. 

“The collaboration between OATEY and Ajinkya Rahane symbolizes the perfect match of shared values and a common vision. Together, we aim to create widespread awareness about healthier living, advocate for the adoption of plant-based food options, and inspire individuals to lead sustainable lives. By promoting sustainable alternatives and encouraging consumers to make conscious, hormone free choices, we envision a greener, kinder, and healthier future that helps mitigate the catastrophic effects of global warming, being accelerated by animal agriculture.” said Ankush Jamadagni, Co-founder of OATEY.

I am excited to collaborate with a health-conscious brand like OATEY. Their commitment to quality products and inspiring brand values align perfectly with my own principles, and I am confident that our partnership will motivate individuals seeking a healthy lifestyle. The growing emphasis on health and fitness everywhere fills me with optimism, and I am honoured to contribute to OATEY's journey. Together, we can establish a long-lasting and meaningful relationship.” Said Ajinkya Rahane.

OATEY has been recognized as the "Best Plant-Based Milk - Millet" by the Plant-based Foods Industry Association in the year 2023 and is a market leader in offering tastier, healthier, greener, and kinder food choices to consumers worldwide. “OATEY, the proud winner of the 'PBFIA Best Millet Milk' award, is making remarkable strides in the Indian market and this collaboration will further inspire numerous individuals to embrace a plant-based diet.” said Sanjay Sethi (president-PBFIA)

With their range of plant-based offerings, including premium Oat Milk (barista grade), premium grade Millet Milk, & Sugar-Free Chocolate Oat Milk, OATEY has garnered widespread acclaim. Recently, they also launched the ground breaking Kesar Badam, Coffee flavoured Oat Milk, probably becoming the first brand globally to introduce these delectable variants without any added sugar. OATEY has experienced steady growth. In the last two quarters, ending June 30th, 2023, the company recorded an impressive 30% surge in demand. This growth can be attributed to the rising awareness among consumers regarding the need to switch to sustainable, plant-based milk options for a better future.

OATEY products are available on leading ecommerce/marketplace platforms like Amazon, Big Basket, Reliance JioMart, CRED, VeganDukan, Vvegano, GreendIndia, Big Basket Daily.

About OATEY:

OATEY is a leading plant-based company dedicated to providing healthy, sustainable, and cruelty-free alternatives to traditional dairy products. With a diverse range of premium plant-based offerings, OATEY aims to revolutionize the way people consume food while preserving the planet for future generations. For more information, visit www.oatey.in

Arvind SmartSpaces Ltd. Announces Q1 FY24 Financial Results

* Acquired three new projects with an expected topline of ~Rs. 2,400 Crore

* Highest ever quarterly Collections in Q1 FY24, grew 54% YoY to Rs. 204 Crore

* Q1 FY24 Bookings grew 14% YoY to Rs. 135 Cr

* Net Debt remains negative, at Rs. (87) Cr as on June 30, 2023

* Q1 FY24 Revenue increased 11% YoY to Rs. 67 Cr

* Q1 FY24 Adj. EBITDA increased 19% YoY to Rs. 16 Cr

Arvind SmartSpaces Limited (ASL), one of India’s leading real estate development companies announced its financial results for the quarter ended June 30, 2023.

Performance summary of Q1 FY24:

•        Added two new horizontal multi-asset township projects in Ahmedabad spread over ~704 acre with a top-line potential of ~Rs. 2,300 crore

o    Signed Joint Development project of ~500 acre in South Ahmedabad with a revenue potential of ~Rs. 1,450 crore

o    Signed another Joint Development project of ~204 acre in South Ahmedabad with a revenue potential of ~Rs. 850 crore

•        Executed an agreement under the Development Management (DM) model to develop 16 acre township at Moti Bhoyan with a potential of Rs. 116 crore

•        Bookings grew by 14%YoY; Rs. 135 Cr vs. Rs. 118 Cr last year

•        Collections increased by 54% YoY, Rs. 204 Cr vs Rs. 133 Cr last year

•        Revenue from Operations, grew 11%; Rs. 67 Cr vs. Rs. 60 Cr last year

•        Adj EBITDA improved 19%; Rs. 16 Cr vs. Rs. 14 Cr last year

•        PAT increased 11% to Rs. 8 Cr as against Rs. 7 Cr last year 

•        Net Debt (Interest bearing funds) decreased to Rs. (87) Cr as on June 30, 2023 from Net debt of Rs. (30) Cr as on March 31, 2023. Net Debt (Interest-bearing funds) to Equity ratio stood at (0.18) as on Jun 30, 2023 as against (0.07) as on Mar 31, 2023

Commenting on the Q1 FY24 performance, Mr. Kamal Singal, Managing Director and CEO, Arvind SmartSpaces said, “We started the year on an exciting note with traction in business development, bookings and collections.  Q1FY24 was the third successive quarter with best ever collections, Q1FY24 crossed the Rs. 200 crore milestone. Bookings remained healthy, driven by robust sustenance sales across our markets. Our operations cycle remains strong with operating cash flows of Rs. 111 crore during the quarter.

Our business development program has picked up intensity with addition of ~Rs. 2,400 crore of potential topline in the last month. We have added two projects in South Ahmedabad with ~704 acres and combined estimated revenue of Rs. 2,300 crore. Both the projects are signed under the joint development model enabling low capital intensity and higher returns. We have also signed a DM project, which results in a topline addition of Rs. 116 crore.

While the industry demand supply remains healthy, consolidation and corporatization continue to improve prospects of branded players. We have the balance sheet, brand, geographical presence, product mix, capital allocation strategies and operational excellence to thrive and continue to grow profitably. We look forward to scale up strongly during the remainder of the year with newer launches and project additions across Ahmedabad, Bangalore, Pune and MMR.”

About Arvind SmartSpaces:

Built on ~120 years old legacy of the Lalbhai Group, and established in year 2008, Arvind SmartSpaces is India’s leading real estate development company headquartered in Ahmedabad. With approximately 60 million square feet of real estate development across the country, the company is focused on delivering real estate solutions that add value to the lives of its customers and is fast emerging as a leading corporate real estate player in the country. The company has real estate developments across Ahmedabad, Gandhinagar, Bangalore and Pune. Backed by the strong brand name of Arvind group and the credibility achieved through already delivered projects, the company has plans to continue the strong growth momentum and deliver value to all stakeholders.

"Unleashing Extraordinary Feats: Remarkable Sports Record Holders Of Limca Book Of Records!"

The Limca Book of Records for 2023 presents a collection of remarkable stories featuring champions from diverse backgrounds. Commemorating 75 years of independence through the special ‘Rukkmatt’ edition, the record holders' achievements have made a profound impact on the hearts and minds of the readers.

From pioneering new human endeavours and making significant strides in environmental conservation to pushing the boundaries in adventure sports and constructing large structures, these individuals have turned the unimaginable into reality. Whether its Radha Shankarnarayanan who created largest mandala artwork or Neeraj Chopra, first Indian Olympic gold medallist in athletics, the book is a testimony of such record holders’ unwavering determination, unmatched perseverance, and unquenchable thirst for victory. Out of the impressive and inspiring list of feats, here is a closer look at some of the noteworthy records from the year 2022 in the field of sports–

Shooting for the stars - India’s young sharp shooting champion

18 years old, Rudrankksh Patil became the world champion in men’s air rifle in the World Championship in Cairo, Egypt, in October 2022. He shot a world-record 633.9 in first stage of qualification. He became the second Indian to become world champion in air rifle after Abhinav Bindra in 2006

Old and Gold - 105-Year-Old Wonder Woman breaks Sprinting Records!

‘Rambai, at 105 years, wonderfully young at heart and body, won gold in the 100 m race at the National Open master’s Athletics Championships, an annual event for athletics enthusiasts aged 35 years and above, where they come and compete with their peers in various Track & Field events as per their respective age categories.

Age is just a number…

…the adage needed reiteration! At a glorious 94 years young, Bhagwani Devi sprinted her way into the record books, becoming the oldest person to clinch a gold medal in the fiercely competitive 100m sprint at the prestigious World master’s Athletic Championship held on July 11, 2022.

Golden Triumph at the Thomas Cup

India got its first gold in Thomas cup – men - team championship defeating 14-time champion Indonesia. Thomas cup, sometimes called the World Men's Team Championships, is an international badminton competition among teams representing member nations of the Badminton World Federation, the sport's global governing body. The stellar team that claimed the coveted title included: World Championships medallist Lakshya Sen. K. Srikanth and the current world no. 8 doubles duo of Chirag Shetty and Satwiksairaj Rankireddy.

The Architect of Records - reaching new heights in Women's Cricket

Mithali Raj has etched her name in the history of women’s cricket with a staggering score of 7,805 runs in 232 matches. She became the only woman cricketer to surpass the benchmark of 7000 runs!

Defying Gravity: one leap at a time

At 36th National Games, Rosy Meena Paulraj took the athletics world by storm by clearing a height of 4.20m to break an eight-year-old record of V.S Surekha in women’s pole vault in National games 2022. The pole vault is a jumping event in track and field athletics in which an athlete jumps over a high bar using a pole. A week later, soaring higher, she stunned everyone by surpassing her own record by vaulting an astounding 4.21m at National Open Athletics Championship.

Race walk at light speed

Ram Baboo clocked 2.36.34 to break the previous national record in men’s 35km race walk (2.40.16) by nearly four minutes in the 36th National Games in 2022

Grab a copy of Limca Book of records 2023 and know more out about our country’s firsts and foremost in every field of human endeavour here: https://www.amazon.in/LIMCA-BOOK-RECORDS-Hachette-India/dp/9393701474.