Yulu Partners With Zepto To Scale Green Hyperlocal Deliveries

*  Yulu’s convenient shared electric two-wheeler rental service, powered by Yuma Energy’s vast battery charging and swapping network, will address the hyperlocal delivery category’s need for quicker turnaround times.

*  The partnership underlines the commitment of both companies to support and enhance green deliveries across the country.

*  Yulu aims to deploy 20,000 shared DeX EVs for Zepto’s delivery partners under the partnership.

Yulu, India’s largest shared electric two-wheeler mobility player, today announced a partnership with Zepto, India’s fastest growing e-grocery service. The association will expand Yulu’s presence in the fast-growing hyperlocal delivery category in Bengaluru, Mumbai, Navi Mumbai, Delhi, and Gurugram, while enabling Zepto to move to an all-electric vehicle fleet and maximise green deliveries.

The partnership will see Yulu deploying 20,000 next-generation shared DeX EVs for Zepto’s delivery partners. This will create sustainable livelihoods for these partners, especially those who don’t have a driving license or a vehicle of their own. Under the terms of the synergistic partnership, Yulu and Zepto will promote each other’s products and services across offline and online touchpoints. By using Yulu’s affordable and shared mobility services, these riders will be empowered to earn and save more. The association is also expected to encourage more women to choose delivery as a profession. 

Mr. Pradeep Puranam, Head – Revenue and Operations at Yulu, said, “We are elated to announce our association with Zepto. Partnerships like these reaffirm Yulu’s commitment to powering green and sustainable deliveries across the country. Our full-stack micro-mobility solution improves operational efficiencies for hyperlocal logistics companies and lowers their delivery costs, while simultaneously unlocking better livelihoods and earnings for their delivery partners. We look forward to jointly working with Zepto to make hyperlocal deliveries greener, smarter, and more inclusive.”

Vikas Sharma, COO of Zepto said, “At Zepto, we are committed to building next-generation last-mile delivery- a model rooted in opportunity, efficiency and sustainability. Our operations have been true to this promise since day 1. A majority of Zepto deliveries now are powered by environment-friendly vehicles. Partnerships like these not only help us further this effort but also help bring in a workforce by providing them with vehicles, thereby increasing employability. We are excited to unlock the next milestone in sustainable deliveries with Yulu.

SpringML Announces Merger With Egen, Establishing Powerful Technology Services Company Unleashing The Power Of Data And AI

* Merger Strengthens End-to-End Cloud And Data Capabilities To Enable Organizations Along Their Data- Driven Digital Journeys

SpringML, a technology services company with leading cloud, data engineering, analytics and artificial intelligence (AI) capabilities, today announced its merger with Egen, a cloud migration, application modernization and platform engineering provider. The combination of Egen's cloud and platform engineering expertise with SpringML’s data, analytics and AI capabilities creates a provider with end-to-end capabilities across the cloud, data, analytics, AI, and platform engineering spectrum. The combined business will have all the capabilities necessary to increase the value and accelerate the timeline of the data-driven digital journeys of private and public sector clients. Egen and SpringML together will represent one of the largest independent players in the Google Cloud ecosystem, with deep expertise across the most critical aspects of cloud and data transformation.

Recognize, a technology services investment firm, is the lead investor for the transaction. Going forward, the combined company will operate under the Egen brand, with Saleem Janmohamed, an Operating Partner with Recognize assuming the additional role of Chairman and CEO of the newly- merged company. Prior to Recognize, Saleem spent 32 years at Accenture in various senior leadership roles. Most recently, Saleem served as US West Market Unit Lead and member of the Global Management Committee where he had strategic, financial, and operational responsibility for Accenture’s business in the region across all industries and services.

“Leaders of every organization are trying to figure out how to navigate the advances in cloud and data technologies, including generative AI, to fuel their data-driven digital journeys. By combining the strengths and depth of talent from Egen with SpringML, we are better positioned to help our clients tap into the unlimited potential of AI powered solutions that will revolutionize industries, drive growth, enhance operational performance, and empower people,” said Janmohamed.

Raghu Potini, Founder of Egen, will take on the role of President for Commercial Digital Services. Founded in 2010, Egen provides cloud migration, application modernization and platform engineering services to several healthcare, retail, and consumer manufacturing companies based in the US. Top clients trust the Egen team of more than 300 cloud and platform engineers to help them pursue the extraordinary. 

“Joining forces with SpringML is an exciting milestone for Egen. We share a common vision of harnessing the power of data to drive transformative outcomes for our clients. As one united entity under the Egen banner, we are poised to accelerate innovation and deliver even greater value to our clients,” said Potini.

Founded in 2015, SpringML has experienced rapid growth over the past few years and is a leader in both the Google Cloud and Salesforce platforms. The company spearheads critical projects across sophisticated enterprise, public sector, and emerging organizations – including Fortune 500 brands – with deep expertise in healthcare, high tech, and public sector in particular. In October 2021, Recognize announced its initial strategic investment in SpringML. 

“The SpringML merger with Egen reflects Recognize’s mission to create the next generation of great technology services companies. The combination of the companies enhances their competitiveness in helping organizations unleash the power of data and insights to create action and drive performance. Together, they bring exceptional capabilities across the full technology spectrum from cloud platforms to applications powered by data and AI," said Frank D'Souza, Co-Founder and Managing Partner of Recognize.

"Google Cloud partners like SpringML and Egen are adding value for clients every day," said Kevin Ichhpurani, Corporate Vice President, Global Ecosystem and Channels of Google Cloud. "These partners have a significant opportunity to scale their innovation and services delivery, particularly as clients across industries accelerate their data- and AI-driven transformations."

Connect with us at the upcoming Google Cloud Next 2023 conference in San Francisco. Egen will exhibit under the SpringML brand at Booth #430. For more information visit www.egen.solutions. 

DBS And Infor Nexus™ Collaborate To Enhance SME Cashflows With Data-Based Trade Financing Solutions

* Partnership will enable SME suppliers to gain access to timely working capital and capture business opportunities

* One of the first banks to provide pre-to-post shipment financing solutions driven by alternative platform data

Infor Nexus™ and DBS Bank, in partnership, have announced the launch of pre-shipment financing for small and medium-sized enterprises (SME) suppliers in the Infor Nexus™ supply chain ecosystem. This pathbreaking solution utilises historical data from the Infor Nexus™ platform to provide data-based lending solutions that help suppliers meet their working capital requirements. While post-shipment financing solutions already exist in the market, pre-shipment financing is a game changer as it allows suppliers to use their enhanced cashflows to fulfil orders before goods are delivered to buyers.

The partnership between DBS Bank and Infor Nexus™ was, until now, primarily focused on availing early payments to the suppliers on a post-shipment basis. The latest trade financing solution completes the entire pre-shipment and post-shipment financing cycle, establishing a robust end-to-end digital working capital financing solution. The offering builds upon the industry-leading digital trade financing capabilities of DBS, which have been seamlessly integrated into the Infor Nexus™ network since 2020. The Bank will use alternative supply chain data, such as historical and real-time milestone information on the physical movement of goods from the Infor Nexus™ platform.

The trade financing solution has been extended to SMEs in India, primarily in the apparel, footwear and textile industries, which are major growth sectors for the economy. As part of the Infor Nexus™ ecosystem, DBS Bank will underwrite the trade financing facility applications of prospective SME suppliers. The analytics-based data will act as the primary means to assess the risk and creditworthiness of suppliers instead of traditional documentation[1], which often results in many suppliers being underfunded or facing challenges in accessing necessary working capital. By obtaining financing for pending orders, even before invoices are confirmed, suppliers can mitigate cashflow needs that occur between shipment, delivery and when the payment is received. DBS is one of the first banks to offer such a unique solution, which has the potential to revolutionise SME financing.

Speaking on the partnership, Divyesh Dalal, MD and Head, Global Transaction Services, DBS Bank India said, “We are proud to partner with Infor Nexus™ to launch a one-of-a-kind, end-to-end working capital financing solution for SME & MSME suppliers. DBS Bank understands the critical importance of working capital requirements for small businesses to scale up in their respective industries. The innovative e2e working capital finance offering will not only address the manufacturer’s cashflow needs to produce goods (per PO) but also enable them to collect export proceeds in a timely and cost-effective manner through a trusted partner – Infor Nexus™. The availability of Purchase Order finance fulfils a long unmet need of the SME/MSME manufacturer. Leveraging our robust digital capabilities and Asian connectivity, this ecosystem partnership reinforces our dedication to business transformation through data insights and digital technology, connecting multinational anchors with SME suppliers at a significant scale, unlocking new avenues of growth.”

Gary Schneider, VP Financial Services, Infor Nexus™ said, “This new offering demonstrates how data can transform supply chain finance. The pre-to-post shipment financing will enable Infor Nexus™ to provide a complete and integrated solution to improve supply chain efficiency and suppliers’ cash flow. By partnering with DBS, Southeast Asia’s largest bank, we will bring a dependable and efficient source of capital to our customers, extending the range of attractive supplier financing options, such as purchase order financing, invoice invoicing and sustainable supply chain financing, to deliver added value to more suppliers on our platform.”

DBS Bank is committed to supporting SMEs as they navigate the ever-changing economic landscape with solutions that enable them to future-proof their businesses. The expanded network of DBS Bank India with ~530 branches across 350+ locations has resulted in more physical touchpoints for SMEs across the country, complementing the bank’s awarded digital offering. The DBS branch presence in India now covers more than 100 SME hubs and more than 80% of the addressable SME market in the country. Leveraging the power of its data-driven digital platform for customer onboarding and servicing, DBS Bank India has successfully achieved a 100% digital onboarding rate, with 85% of transactions now conducted digitally. The Bank’s approach of fostering ecosystem partnerships opens up business opportunities and enables enterprises to unleash their full growth potential.

About DBS

DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia“ award by Global Finance for 14 consecutive years from 2009 to 2022. Additionally, DBS Bank was ranked among the top 3 on Forbes' list of the World's Best Banks in India for three consecutive years, from 2020 to 2022.

DBS Bank has been present in India for 29 years, opening its first office in Mumbai in 1994. DBS Bank India Limited is the first among the large foreign banks in India to start operating as a wholly-owned, locally incorporated subsidiary of a leading global bank. DBS provides a range of banking services for large, medium, and small enterprises and individual consumers in India. In November 2020, Lakshmi Vilas Bank was merged with DBS Bank India Limited. The bank now has a network of ~530 branches in 19 Indian states.

As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting social enterprises: businesses with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping communities with future-ready skills and building food resilience. In 2020, DBS introduced the "Towards Zero Food Waste" initiative as part of a global sustainability practice to encourage a shift in behaviours and mindsets to reduce food waste.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, visit: ?www.dbs.com/India

About Infor Nexus™

Infor Nexus™ is the leading global supply chain platform.  Infor Nexus connects a network of over 85,000 brands, retailers, manufacturers, suppliers, logistics providers and banks on single-instance network platform to seamlessly orchestrate global supply chain processes from source through to delivery and payment. Companies streamline their operations, eliminating inefficiencies and waste while gaining data-driven insights and optimise the flow of capital for improved agility, resilience, and sustainability.

For over twenty years, Infor Nexus has connected companies to their network partners to automate global trade processes, including procure to pay automation, transportation management, supplier collaboration, trade finance and supply chain visibility. Recognising the importance of the availability of capital in supply chains, Infor Nexus uniquely connects banks and supply chains, integrating trade finance to supply chain processes providing greater opportunities for banks to provide needed capital at various points throughout the transaction lifecycle, improve and reduce risk, improve performance and the financial health of supply chain networks.  

Global Fintech Fest 2023 Set To Emerge As World’s Largest Thought Leadership Platform

The Global Fintech Fest (GFF), emerging as the world’s largest fintech conference, is back with its second physical edition. GFF 2023 is scheduled on September 5 – 7, 2023, at the Jio World Convention Centre, Mumbai. The theme of this year’s conference is ‘Global Collaboration for a Responsible Financial Ecosystem: Inclusive | Resilient | Sustainable’.

GFF 2023 is supported by the Ministry of Electronics and Information Technology (MietY), the Department of Economic Affairs (DEA), Ministry of Finance, the Reserve Bank of India (RBI), and the International Financial Services Centres Authority (IFSCA) and is organized by the Payments Council of India (PCI), Fintech Convergence Council (FCC), and National Payments Corporation of India (NPCI).

Among the leading international agencies which are partnering with GFF 2023 are the World Bank, the Global Knowledge Partnership on Migration and Development (KNOMAD), the Consultative Group to Assist the Poor (CGAP), and Women’s World Banking. Australia, Brazil, Great Britain, Germany and Israel are the Country Partners of GFF 2023.

Among stalwarts from India who will share their insights at the GFF 2023 are Smt. Nirmala Sitharaman, Minister of Finance, Government of India; Shri Piyush Goyal, Minister for Commerce and Industry, Textiles and Consumer Affairs, Food and Public Distribution, Government of India; Shri Shaktikanta Das, Governor, Reserve Bank of India; Smt. Madhabi Puri Buch, Chairperson, Securities and Exchange Board of India (SEBI); Shri Debasish Panda, Chairperson, Insurance Regulatory and Development Authority of India (IRDAI); Shri K Rajaraman, Chairperson, International Financial Services Centre Authority (IFSCA); Dr. Vivek Joshi, Secretary, Department of Financial Services, Ministry of Finance, Government of India, Shri Dinesh Kumar Khara, Chairman, State Bank of India Mr. Vijay Shekhar Sharma Founder & CEO, Paytm; Mr. Kunal shah Founder, CRED and many other policymakers, regulators and industry captains.

Not only from India, global luminaries from the fintech and finance ecosystem will also converge at GFF 2023. Among them will be: Mr. Maha Prasad Adhikari, Governor, Nepal Rastra Bank; Dr. Maxwell Opoku-Afari, First Deputy Governor, Bank of Ghana; Soraya M Hakuziyaremye , Board Vice-Chairperson and Deputy Governor, National Bank of Rwanda; Mr. Aleksi Grym, Head of Fintech, Bank of Finland; Mr. Eduardo Enrique Torres Llosa Villacorta, General Manager, Central Bank of Peru; H.E. Khaled Al Basias, Director Financial Sector Development, Saudi Central Bank; Ms. Doris Dietze, Head of Division, Federal Ministry of Finance, Germany; Mr. Masaki Bessho, Head of FinTech Centre, Payment & Settlement Systems Department, Bank of Japan; Mr. Andy White, Chief Executive Officer, Australian Payments Network (AusPayNet) and Mr. Thomas Kurian, Chief Executive Officer, Google Cloud.

Highlights of Global Fintech Festival 2023:

3 days | 13 tracks | 800+ Speakers | 15+ Thought Leadership Reports |81 Academic Papers| 50+ Workshops | 125+ Countries | 250+ Sessions | 250+ Investors |500+ exhibitors |150K Sq. Ft Exhibition Area|3 Hackathons| 50000+ Delegates  

Explaining the key objective and vision of GFF 2023, Mr. Kris Gopalakrishnan, Chair, Advisory Board, GFF 2023, Chairman Axilor Ventures and Co-founder Infosys, said, “At the Global Fintech Fest 2023, we converge as orchestrators of transformation, bringing together diverse stakeholders onto one platform to engage in discussions and debates concerning the future of the industry. Our vision extends further than just embracing innovation; it encompasses nurturing ingenuity within our startup community, cultivating an environment where every stakeholder can flourish and be part of a journey towards building an ecosystem that fosters growth, inclusivity, and collaborative progress.”

“The Global Fintech Fest has been a testament to the fintech community's prowess, showcasing success stories and milestones that inspire us all. Our commitment to promoting collaboration, innovation, and growth has never been stronger. Through this platform, we invite industry leaders, startups, and investors to seize networking opportunities and forge partnerships that will define the future of finance. Together, we will embrace cutting-edge technologies, data privacy and cybersecurity as the cornerstones of trust in our evolving landscape," said Ms. Praveena Rai, Chief Operating Officer, National Payments Corporation of India (NPCI).

Mr. G Padmanabhan, Former Executive Director, Reserve Bank of India, Former Chairman, Bank of India and Advisory Board Member, Global Fintech Fest 2023, underlined how the conference was aligned with India’s economic progress: “Global Fintech Fest 2023 is going to be the most vibrant celebration of the industry’s exponential growth. We aim to create more than just a fintech engine and the event is expected to architect a powerhouse that would propel India towards a $30 trillion developed economy by 2047. In this endeavour, we are committed to establishing a sustainable, inclusive, and affordable ecosystem that serves as the destination of first choice for foreign capital to invest and participate in India's transformation into a developed nation”

"The fest since its inception has been showcasing breakthroughs and fostering connections that transcend boundaries. In an era where partnerships drive prosperity, this gathering empowers us to pioneer solutions that navigate regulatory complexities, ensuring a nurturing environment for fintech's growth. As we celebrate women in fintech, in GFF 2023, we acknowledge their pivotal role and strive to amplify their influence. The fest's interactive workshops offer a first-hand glimpse into fintech's dynamic landscape, where technology is not just a tool, but a transformative force. We honour exceptional contributions, driving our industry forward, and emphasize that data privacy, cybersecurity, and trust aren't just buzzwords – they're the foundations of fintech's future," said    Mr. Srinivas Jain, Executive Director & Head of Strategy, SBI Mutual Fund and Advisory Board Member, Global Fintech Fest 2023.

Mr. Naveen Surya, Organiser and Advisory Board Member, GFF 2023 and Chairman, Fintech Convergence Council said, "India has proven its leadership in the international fintech landscape by being the 3rd largest ecosystem in the world. As our country gears up to move up to the largest top three economies, the fintech ecosystem would also play an important role and is all geared up for global leadership. Global Fintech Fest 2023 is our effort towards setting up India as the largest thought leadership platform and collaborating with the world and also fostering responsible innovation. We are looking forward to working with the global fintech ecosystem and delivering a future-proof model suitable for the two third of the financially excluded population across the globe."

While PricewaterhouseCoopers (PwC) is the Knowledge Partner of GFF 2023, the Boston Consulting Group (BCG) is the thought leadership partner.

Global Fintech Fest 2023 will witness policymakers, regulators, administrators, and industry leaders from India and around the world engaging in invigorating discussions on fostering extensive collaboration for a robust and resilient financial ecosystem.

Also instituted under the GFF 2023 are the Global Fintech Awards (GFA), which honour and celebrate the success of fintech companies worldwide. GFA recognize outstanding emerging start-ups, disruptive technologies, unique business models and innovative founders and entrepreneurs across the globe. Fintech companies, financial institutions and start-ups can nominate their works for Fintech Awards in 21 diverse subcategories under 3 classifications.

For more information on the conference, live agenda and list of speakers visit the website: Global Fintech Fest 2023.

UPL SAS Signs MoU With NSL Sugars To Enhance Farmers Yield And Promote Sustainable Agri Practices

~ Will jointly implement Shashwat Mithas initiative benefitting 15000 farmers covering 30000 acres through improved income and profits~

~ Aims to increase yield by 15% through optimum utilisation of natural resources and use of revolutionary Pronutiva package including Zeba Technolgy ~

UPL Sustainable Agriculture Solutions Ltd. (UPL SAS), a global provider of sustainable agriculture products and solutions, keeping the “Farmers First’ approach, signed a memorandum of understanding (MoU) with NSL Sugars Ltd (NSL), one of the leading sugar producers in the country, for Sustainable Sugarcane Production. The collaboration is also aimed at promoting green agriculture through optimised usage of natural resources. The MOU with NSL will indirectly add approx. 50000 beneficiaries across three states of Telangana, Karnataka and Maharashtra and will encompass an impacted area of nearly 1 lakh acres. This partnership between UPL SAS and ASL Sugars brings forth mutual benefits. UPL SAS gains market penetration while ASL Sugars reaps the advantages of sustainable sugarcane cultivation. This creates a win-win situation for the entire ecosystem of the sugar value chain, including customers seeking to purchase sustainable sugar.

The primary objective of this partnership is to achieve a minimum 15% increase in yield per acre, equating to approximately 5 metric tons per acre, resulting in an additional income of INR 12,000 to 15,000 for farmers. This also aims at significantly reducing input costs for farmers while promoting sustainable agri practices. This collaborative effort is expected to save an estimated 6 lakh liters of water and 50 kilograms of urea per acre thus promoting green agriculture practices and reducing environmental impact.

This collaboration serves as an extension of UPL SAS's Shashwat Mithaas – Sustainable Sugar Program initiative, which has already made significant strides in Pune, Maharashtra, covering over 10,000 acres. Over the course of three years, UPL SAS and NSL will take this collaboration to the next level by implementing the program in a phased manner. The initial phase will cover 30,000 acres in the first year, gradually expanding to encompass the entire operational area.

The anticipated impact of the program on the initial 30,000 acres is significant. It is expected to conserve approximately 1,800 crore litres of water, amounting to approximately 6 lakh litres per acre. Additionally, the program aims to save 1,500 metric tons of urea consumption, approximately 50 kilograms per acre, resulting in a 25% reduction in nitrous oxide (GHG) emissions. Nitrous oxide is 300 times more potent than carbon dioxide. This collaboration between UPL and NSL demonstrates a strong commitment to sustainable practices in sugarcane cultivation, highlighting their dedication to conserving resources, reducing environmental impact, and promoting sustainable farming methods.

NSL Group Chairman, Mr. Govinda Rajulu Chintala, said, At NSL Group, our utmost dedication revolves around providing the best possible solutions to our farmers through strong engagement and collaboration. We firmly believe that adopting sustainable farming practices is crucial in addressing the challenges faced by our farmers in Sugarcane cultivation. By implementing environmentally-friendly methods, we aim to maximize cane production per acre, leading to improved yields and increased income for our esteemed farmers. This partnership signifies a significant stride towards empowering our farmers and securing a prosperous and sustainable future for Sugarcane farming.

President Global Corporate & Industry Affairs at UPL ltd , Mr. Sagar Kaushik said, Our unwavering commitment to sustainability continues to be at the forefront of our priorities. We remain steadfast in our dedication to the prosperity and welfare of our primary stakeholders: the farmers. Through the implementation of sustainable agricultural practices, we aim to foster a harmonious relationship between farming and the environment. The introduction of our sustainable sugarcane program marks the initial phase of our expansive vision. Looking ahead, we are determined to extend these sustainable interventions to encompass a wider range of crops, as we endeavor to redefine sustainability across the entire food value chain.

Addressing the shortage of sugarcane in the market, this partnership will ensure sufficient cane availability to sugar mills, supporting the industry's needs and stabilizing the supply chain. The MoU will also provide sustainable solutions to the Sugarcane farmers with end to end intervention in terms of advisory of Good Agronomical Practices (GAP), implementation of ProNutiva (Complete Crop protection and Nutrition Package), mechanization in terms of planters, earthing up machines and boom Sprayers, insurance and traceability through Nurture.farm app, to ensure implementation of sustainable sugarcane.

CEO, UPL SAS ltd- Ashish Dobhal said, “Through our collaboration, we aim to enhance the livelihoods of farmers, mitigate environmental impact, and ensure the availability of quality sugarcane to meet market demands. The Pronutiva package and the revolutionary Zeba’s technology play a pivotal role in increasing crop yield and improving soil health, thereby completely transforming the sugarcane harvesting process. This comprehensive package offers immense benefits to farmers, including increased productivity and profitability, while also contributing to environmental sustainability. By joining forces, UPL SAS and NSL Sugars are spearheading sustainable advancements in the sugarcane industry, benefiting farmers, the environment, and the entire value chain.”

About UPL

UPL Ltd. (NSE: UPL & BSE: 512070) is a global provider of sustainable agriculture products and solutions, with annual revenue exceeding $5.2 billion. We are a purpose-led company. Through OpenAg™, UPL is focused on accelerating progress for the food system. We are building a network that is reimagining sustainability, redefining the way an entire industry thinks and works – open to fresh ideas, innovation and new answers as we strive towards our mission to make every single food product more sustainable. As one of the largest agriculture solutions companies worldwide, our robust portfolio consists of biologicals and traditional crop protection solutions with more than 14,000 registrations. We are present in more than 130 countries, represented by more than 10,000 colleagues globally. For more information about our integrated portfolio of solutions across the food value chain including seeds, post-harvest, as well as physical and digital services, please visit upl-ltd.com and follow us on LinkedIn, Twitter, Instagram and Facebook.

Yatharth Hospitals Reports Robust Revenue Growth Of 39% YoY To Rs. 1,545 Mn; EBITDA Up By 61% YoY; PAT Up By 73% YoY

Yatharth Hospital and Trauma Care Services Ltd, one of the leading private super specialty hospitals in Delhi NCR, announced its financial results today for the quarter ended June 30, 2023.

Key Highlights for the Quarter

·         Operational Revenue was Rs. 1,545 mn, up 39% YoY and 7% QoQ

·         Bed occupancy was at 51%, compared to 49% in Q4FY23 and 40% in Q1FY23

·         ARPOB increased to Rs. 28,140, compared to Rs. 27,706 in Q4FY23 and Rs. 26,457 in Q1FY23

·         EBITDA was Rs. 414 mn, up 61% YoY and 8% QoQ

·         EBITDA margin expanded by 368 bps YoY and 5 bps QoQ to 26.8%

·         PAT was Rs. 190 mn, up 73% YoY and 10% QoQ

Commenting on the performance, Mr. Yatharth Tyagi, Whole Time Director, Yatharth Hospital and Trauma Care Services Ltd said, “This quarter marked a pivotal landmark for our organization with a successful listing on the stock exchanges. We are pleased to report robust performance in our maiden quarter. Our revenue grew by 39% YoY to Rs. 1,545 mn, while our PAT increased by 73% YoY. During the quarter, Yatharth Hospitals registered one of the highest year-on-year growth rates in the hospital industry. Our ongoing investments reflect a strategic approach to nurturing well-balanced future growth, exemplified by ongoing expansion initiatives, both organic and inorganic.

We continue to diversify our specialty mix and introduce new specialties across all our hospitals. The past few quarters witnessed a successful ramp-up of our organ transplant and oncology treatments. We are further strengthening our specialties, offering a full suite of oncology treatments, and expanding our organ transplant operations, which is expected to drive ARPOB improvement in the upcoming quarters.

About Yatharth Hospital & Trauma Care Services Ltd:

Yatharth Hospital & Trauma Care Services Limited (Yatharth Hospitals) operates three super specialty hospitals located in National Capital Region of Delhi (“Delhi NCR”), i.e., at Noida, Greater Noida and Noida Extension, Uttar Pradesh. Its Noida Extension Hospital and Greater Noida is the 8th and 10th largest private hospital in the Delhi NCR, respectively, in terms of number of beds in Fiscal 2023. Further, it acquired a 305-bedded multi-specialty hospital in Orchha, Madhya Pradesh near Jhansi, Uttar Pradesh (“Jhansi-Orchha”) which commenced commercial operations from April 10, 2022 and is one of the largest hospitals in Jhansi- Orchha-Gwalior region in terms of number of beds. With this acquisition, its total bed capacity has increased to 1,405 beds. In addition, its critical care program comprises 394 critical care beds, as of March 31, 2023. Further, its Noida Extension hospital with 450 beds is one of the largest hospitals in the Noida Extension, Uttar Pradesh region. As of March 31, 2023, it engaged 609 doctors and offer healthcare services across several specialties and super specialties.

Godrej Interio Bags Contract For Modernization Of Cyber Crime Headquarter In Navi Mumbai

Godrej & Boyce, the flagship company of the Godrej Group announced that its business Godrej Interio, India’s leading furniture solutions brand, in home and institutional segments, has bagged the prestigious project of revamping and operationalizing the Maharashtra Cyber Security Headquarters. The scope of work for this project spans across 1.27 lakh sq. ft. and includes a five-story building with diverse facilities, encompassing office spaces, cabins, digital classrooms, seminar hall, meeting rooms, trainee rooms, cafeteria, storage area, service rooms, game room, gym along with Cyber cell Call center.

According to a report, in 2022, Maharashtra experienced a significant 70 percent increase in cybercrime cases compared to the previous year. Out of the 4,268 cyber fraud cases registered until November 2022, only 279 have been successfully resolved. To address this growing concern and tackle crimes involving modern technologies in the age of information technology, the Maharashtra Cybersecurity project was established. This particular project is regarded as a crucial and transformative effort in combating cybercrimes within the state. Godrej Interio was contracted for civil & interiors, MEP & Solar water heater system, landscaping, façade and furniture among other critical areas of work.

Swapneel Nagarkar, Sr. Vice President & Business Head, Godrej Interio said, “At Godrej Interio, we are committed to the Make in India mission and proud to contribute to the nation's development. With the upcoming Cyber Cell headquarters, we aim to provide an efficient and safe working environment that helps empower police officers to detect and combat cybercrimes more effectively, making the Maharashtra state a pioneer in cybersecurity. This project will not only enhance the state's security but also attract new industries and entrepreneurs, further fueling India's growth as a digital powerhouse.”

Godrej Interio reported a revenue of INR 2700 Cr for the fiscal year ending in 2023. During the same period, their turnkey solutions business achieved revenues of over INR 300 Cr. With a team of skilled architects, interior designers, and project managers, Godrej Interio ensures seamless execution and exceptional results through close collaboration with clients. Their comprehensive offerings encompass general contracting, design, and execution services, including interior design, MEP (mechanical, electrical, plumbing), security and surveillance, as well as AV (audio-visual) systems.

About Godrej Interio:

Godrej Interio is India’s leading premium furniture brand in both home and institutional segments with a strong commitment to sustainability and centers of excellence in design, manufacturing and retail.

Led by the largest in-house design team in the country in the furniture category and awarded with 34 India Design Mark Awards till date, GODREJ INTERIO aims to transform spaces with its thoughtfully designed furniture to create brighter homes and offices with products that have the highest design quotient in aesthetics, functionality and technology. With consistent pursuit of excellence and a special focus on health and ergonomics, GODREJ INTERIO’s product portfolio comprises of a wide range of solutions

Today, Godrej design and manufacture furniture for office spaces, homes, educational institutes, healthcare facilities, laboratories and more. Along with furniture, the company offers Audio Visual and 360 Degree Turnkey solutions. Each of our product range revolves around comfort and aesthetics while delivering well-designed, long lasting and functional furniture solutions. In short, Godrej Interio helps the consumers to make every space the perfect setting for their myriad moods and moments.

Currently present in over 450 cities with 450 exclusive showrooms and 520 dealer outlets, is one of the largest divisions of Godrej & Boyce Mfg. Co. Ltd., part of the Godrej Group, one of India's largest engineering and customer product groups.

Godrej Interio has 7 manufacturing facilities situated at Mumbai, Khalapur, Haridwar, Shirwal, and Bhagwanpur. GODREJ INTERIO is widely known for its comprehensive sustainability certifications for its products in furniture category.

GODREJ INTERIO commitment to the environment has resulted in manufacturing products with lesser environment footprint. Our pioneering efforts include designing less environment burdening products, usage of eco-friendly materials and setting up less polluting and consuming processes, ensuring eco-friendly packaging and transportation and finally the extended responsibility of recycling/reuse of used furniture and scrap, thus ensuring a lifecycle approach to green. GODREJ INTERIO has the widest range of green choices for our customers which not only includes products but also services such as green interiors and recycling.

The brand boasts of noteworthy awards received so far- CII Exim Bank Award for Business Excellence 2016, Superbrands 2017-18, Reader’s Digest Most Trusted Brand 2018 Gold (Home Furniture and Modular Kitchen), TRA’s India’s Most Consumer focused brand 2019, GreenCo Star Performer Award 2019, National Energy Leader Award at CII National Award for Excellence in Energy Management 2018.