The company's active customer base has increased 36% year on year to 35 million, with more than 1000 branches and 2 lakh channel. The company's lending book grew 11% year on year to Rs. 67,185 crore of which retail, SME and HNI segment now account for 68% of total lending book.
"The 'China plus one' strategy by the major sourcing nations is under progress and India is emerging as an important sourcing destination," Mallcom India Managing Director Ajay Kumar Mall told PTI in an interview.
Sales of listed non-finance private companies increased by 41 per cent in the quarter ending June 2022 to Rs 14.11 lakh crore, according to Reserve Bank data released on Thursday. The expansion in sales was 22.3 per cent in January-March 2021-22 quarter and 60.6 per cent in April-June 2021-22 quarter.
“We will be focusing on people, technology, and building up our brand, and the raised funds will be instrumental in our efforts to take multiple business lines global. We have made inroads in the US and Middle East markets and will be ramping up efforts in these regions, we are also contemplating other markets for expansion," Annanya Sarthak, CEO and co-founder, Awign, told ET.
Bulk of Jhunjhunwala's wealth comes from his investments in listed companies. The value of the listed holdings of Jhunjhunwala, who entered the stock market with ₹5,000 in mid-1985, was about ₹29,000 crore as on August 24.The most valued listed stock in his portfolio is Titan.
Haptik helps brands acquire, convert, and engage users with AI-driven, personalised, conversational experiences across 20 channels and 100+ languages. Zoop India offers food ordering in train services and is approved by Indian Railways Catering and Tourism Corporation (IRCTC) as national food aggregator under the e-catering project.
​​​The department has charged Ambani, 63, with "wilful" evasion, saying he "intentionally" did not disclose his foreign bank account details and financial interests to Indian tax authorities.
The overarching technological architecture for all Yubi platforms, including spocto and Corpository, will be led by Sonnathi in his new role. His focus will be on systems that are large-scale, always-on, high-performance, and easy-to-expand, allowing quick go-to-market and gaining customer trust.
Billionaire businessman-led Gautam Adani's Adani Group has been termed 'deeply overleveraged' by CreditSights in a credit note. The strong competition between the Adani Group and Mukesh Ambani-led Reliance Industries to achieve market dominance could lead to imprudent financial decisions being made, the note said.