Pune, July 18, 2023: Leading industrial and automotive supplier, Schaeffler India Limited (BSE: 505790, NSE: SCHAEFFLER), today announced the appointment of Aashish Bhatia as President of Automotive Technologies (Automotive OE business).

In his role, Aashish Bhatia will be responsible for developing and executing the strategy of the Automotive OE business, with a focus on driving growth and ensuring its continued success. In this key role, Mr. Bhatia will be based at the corporate office in Baner and will report to Harsha Kadam, Managing Director & CEO of Schaeffler India and will be part of the Executive Leadership Team of Schaeffler India.

Mr. Bhatia brings with him a wealth of experience in product engineering, automotive electronics development, program management, and general management, spanning over 25 years. Most recently, he served as President of Visteon India. In the past he has held several senior management positions at renowned organizations such as Inteva Products, Hella, Delphi, and GE. His extensive expertise and leadership acumen makes him a valuable addition to Schaeffler India.

Mr. Bhatia holds a bachelor’s degree in electronics engineering from Marathwada University, a master’s degree in design engineering from IIT Delhi, and holds a degree in executive general management from IIM Bangalore.  His relentless pursuit of knowledge is evident through his numerous certifications in the field of Automotive Technology, acquired from prestigious Indian and global universities.

Commenting on the appointment, Mr. Harsha Kadam, Managing Director & CEO, Schaeffler India, expressed his excitement, stating, “We are delighted to have Aashish Bhatia join our esteemed leadership team. His vast experience and expertise in automotive technology will undoubtedly fuel our growth and innovation in the automotive sector. With Mr. Bhatia’s valuable contributions, we are confident in our ability to develop cutting-edge solutions that cater to the evolving needs of our customers.”

Mr. Bhatia also shared his enthusiasm about his new role, stating, “Schaeffler is renowned globally for its unwavering commitment to excellence, innovation, and a customer-centric approach. Joining such a distinguished organization fills me with immense pride and excitement for the journey ahead. At Schaeffler, we are not just a company; we are a community of passionate individuals united by a shared vision and a drive for success. Our commitment to engineering solutions that shape the future is strong, and we continue to set new benchmarks in our industry.”

 Schaeffler Group – We pioneer motion

As a leading global supplier to the automotive and industrial sectors, the Schaeffler Group has been driving forward groundbreaking inventions and developments in the fields of motion and mobility for over 75 years. With innovative technologies, products, and services for electric mobility, CO₂-efficient drives, chassis solutions, Industry 4.0, digitalization, and renewable energies, the company is a reliable partner for making motion and mobility more efficient, intelligent, and sustainable – over the entire life cycle. The technology company manufactures high-precision components and systems for powertrain and chassis applications as well as rolling and plain bearing solutions for a large number of industrial applications.

The Schaeffler Group generated sales of EUR 15.8 billion in 2022. With around 84,000 employees, Schaeffler is one of the world’s largest family companies. With more than 1,250 patent applications in 2022, Schaeffler is Germany’s fourth most innovative company according to the DPMA (German Patent and Trademark Office).

About Schaeffler India Limited

Schaeffler has been present in India for over 60 years. With three well known product brands LuK, INA and FAG, four manufacturing plants and eight sales offices, Schaeffler has a significant presence in India. Schaeffler is among the largest Industrial and Automotive supplier with sales of INR 68.7 billion in 2022 and around 3,190 employees. The manufacturing plants in Maneja and Savli (Vadodara), produce a vast range of ball bearings, cylindrical roller bearings, spherical roller bearings (SRB) and wheel bearings which are sold under the brand name of FAG. The plant at Talegaon near Pune, manufactures engine and powertrain components for front accessory drive system, chain drive systems, valve train, gear shift systems and a range of needle roller bearings and elements, under the brand INA. The fourth manufacturing location is based out of Hosur, producing a wide range of clutches and hydraulic clutch release systems for passenger cars, light commercial vehicles, heavy commercial vehicles, and tractors sold under the brand of LuK. Schaeffler also has the largest after-market networks serving the industrial and automotive customers. All of this is backed by dedicated engineering, research and development support based in India in support of product teams.

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The project in Pimpri-Chinchwad will have a developable potential of approximately 1.7 million square feet of saleable area with an estimated revenue potential of approximately INR 1,400 crore*

Godrej Properties Ltd. (GPL), (BSE scrip id: GODREJPROP), one of India’s leading real estate developers, today announced that it has acquired 9 acres of land parcel in the residential micro-market of Pimpri-Chinchwad in Pune. The development will primarily be for a group housing project.

Pimpri-Chinchwad is one of the established residential locations in Pune and has excellent connectivity to all major social and commercial hubs of Pune city.

Mohit Malhotra, MD & CEO, Godrej Properties, said, “Pimpri Chinchwad is an important micro-market in Pune and we are happy to add this land parcel to our portfolio. This will further expand our presence in Pune and fits with our strategy of deepening our presence in key micro markets across India’s leading cities.”

*On the basis of the current business assumptions. 

About Godrej Properties Limited:

Godrej Properties brings the Godrej Group philosophy of innovation, sustainability, and excellence to the real estate industry. Each Godrej Properties development combines a 125-year legacy of excellence and trust with a commitment to cutting-edge design, technology, and sustainability. In FY 2021, Godrej Properties emerged as the largest developer in India by the value and volume of residential sales achieved.

Godrej Properties has deeply focused on sustainable development. In 2010, GPL committed that all of its developments would be third-party certified green buildings. In 2020 and again in 2021, the Global Real Estate Sustainability Benchmark ranked GPL #1 globally amongst listed residential developers for its sustainability and governance practices. In 2017, GPL was one of the founding partners of the Sustainable Housing Leadership Consortium (SHLC), whose mission is to spread sustainable development practices across the Indian real estate sector. In recent years, Godrej Properties has received over 300 awards and recognitions, including the Porter Prize 2019, The Most Trusted Real Estate Brand in the 2019 Brand Trust Report, Builder of the Year at the CNBC-Awaaz Real Estate Awards 2019, and The Economic Times Best Real Estate Brand 2018.

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Bengaluru | February 15, 2022: KreditBee, one of India’s leading digital lending platforms, today announced that it has crossed the milestone of issuing one million ‘KreditBee Card’. In the process, it has emerged to be one of the fastest cards to cross this milestone, since its launch in August 2021.

Further, the company has also announced the launch of the physical variant of ‘KreditBee Card’ that will be initially available for a select set of customers and later will be rolled out to a wider set of customers in near future. This will assist the company in achieving its goal of issuing 10 million cards by mid-2023.

The card provides the unserved and underserved banking customers with quick as well as secured access to short-term liquidity and multiple repayment options, eliminating the need to avail of a separate loan. It also offers versatility and flexibility in terms of ticket size and repayment options. The physical card will be accepted at more than 99.5% POS terminals across India and can be used for seamless purchases at zero interest and zero additional fees. Available across the nation, this card enables customers to complete their transactions by simply swiping or waving at a POS terminal.

The card-holder can make multiple withdrawals or purchases (within the credit limit) while paying lesser charges (no hidden charges). This physical card will not only help the customers to perform their day-to-day transactions but also enable them to build their credit history, thus promoting financial inclusion in a convenient manner.

Speaking on the launch, Madhusudan E, Co-Founder & CEO, KreditBee, said, “We are elated to cross the milestone of issuing 1 million ‘KreditBee Card’ since its launch in August 2021. Additionally, we have launched the physical version of the card, which now expands the coverage of our offerings and widens our reach. An aspirational and effective credit tool like this has still been under-penetrated in India. By introducing distinctive products like ‘KreditBee Card’, it is our constant bid to emerge as a 360-degree fintech service provider extending convenient and hassle-free products to the underserved segments of the country. With ‘KreditBee Card’, we aim to issue over 10 million cards by mid-2023.” 

KreditBee is looking to cover the Indian masses who don’t have access to cards as such and are not able to have such a credit facility at their disposal. The card can be used to avail of exclusive offers at partner brands and earn cashback on specific transactions. Customers can apply for the physical card on the KreditBee app. The company has already partnered with Mswipe to offer a fully digital mode of payment ‘Cardless EMI’, to expand its reach in the offline space by enabling customers to shop by converting transactions into digital EMIs.

Key benefits of ‘KreditBee Card’:

• End-to-end use: An instant virtual card will be generated on the app and the physical card will be shipped to customers, customers can use both the virtual as well as the physical card
• Fast Access: The underwriting process is AI-driven and generates a card instantly
• Quick Credit Upgrade: Customers’ credit limit can be upgraded post the first billing cycle
• Safe & Secure: The card can be generated and secured through the KreditBee app & is M-PIN Protected
• No Hidden Charges: A 100% transparent product with absolutely no extra fees & charges

Steps to avail the Physical ‘KreditBee Card’

• Sign in to the KreditBee app >> Click on the ‘KreditBee Card’ section >> Select ‘Check Eligibility’
• To activate the card, click on ‘Activate Card’ on the KreditBee App >> Provide your bank account details & sign the agreement >> request for the physical card >> Use Card to make payments on all online platforms or any POS terminal

About KreditBee

KreditBee is a FinTech platform that facilitates instant personal loans to professionals, where they can avail loans up to ₹2 lakhs as per their requirement. With a strong focus on online tech-based and data-centric KYC, KreditBee envisions solving the financial inclusion gap in the varied demographic segments of the country.

The platform is backed by various lenders, including a Systemically Important NBFC, Krazybee Services Private Limited, registered with RBI since May 2017, as well as various debt & platform partners. KreditBee is a brand of Finnovation Tech Solutions Pvt Ltd and is currently a Series-C funded entity with a cumulative fundraise of over USD 200 Million. It is backed by some key VC funds, family offices, and financial institutions like Azim Premji’s Premji Invest, Motilal Oswal Private Equity, TPG-backed NewQuest, South Korea’s Mirae Asset Venture, and US-based Alpine Capital. Some other marquee investors include ICICI Bank, Arkam Ventures, and SIDBI’s investment arm IndiaSME Investments. Currently, it has 5 million loan customers, out of which over 2 million are active loan customers.

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Do you know what boAt, IVM Podcasts, and UrbanClap have in common?

They are all industry-defining companies that began working from a conference room at SOCIAL Works.

Steering away from the mainstream coworking space idea, SOCIAL Works offers a unique model to connect, collaborate and create, without restricting your social life.

It’s not news anymore that the pandemic took away any semblance of social life and stuck everyone indoors and blurred the lines between work, family time, food, and even parties. Work from home fatigue has been a reality for every employee. With restrictions easing and spaces opening up, we once again have the option to step out, but with companies still keeping WFH as an option the employees end up looking for quiet quaint cafes. With everyone doing just this, the quaint cafes might still be quaint but aren’t necessarily quiet or even have space for a big team sometimes.

 For years now SOCIAL Works has been replacing the definition of a workspace by providing top-of-the-line utilities, the vibrant environment of a club, and great food with a full wait staff to boot.,.

SOCIAL Works ensures that you maintain a work and social life balance, while also giving you the added bonus of having a space to interact with like-minded individuals as you would at work. SOCIAL Works is vying for that, ‘it’s my second home’ tag.

Whether you are a start-up, someone with a creative flair looking for inspiration to create, or a big company looking for a space to conduct your team meeting, SOCIAL Works is your go-to place. No prior membership or any red tape hassle. Come and ask for a pass for a day, a week, or a month. We are all about being there for people putting in the work.

Be it good food, good music, great conversations, silence at work, and a new view from the work desk every day, we literally have it all. As an added perk you also don’t have to get your own coffee anymore.

In a redefined work culture, SOCIAL Work, a concept of SOCIAL, is set to make waves in this new post-pandemic era.

From printers to high-speed internet and stationery available to the members, SOCIAL Works definitely makes those deadlines and long meetings more fun, productive and lets you reward yourself with an after-party, without actually leaving the space.

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Mumbai, 7th February 2022: Godrej & Boyce, the flagship company of the Godrej Group, announced that its business Godrej Process Equipment delivers a critical LC Max Vacuum Tower to a Refinery Modernization Project in Visakhapatnam, Andhra Pradesh.

The Supersized equipment with a diameter of 9600 mm is the largest equipment manufactured by Godrej Process Equipment. This Tower weighing approximately 700 tonnes and 65 meters in length will be deployed at a Residue up-gradation Facility in Vishakapatnam, Andhra Pradesh to convert the heaviest Crude oils into high-quality BS-VI fuel while simultaneously increasing feedstock and product flexibility. This refinery up-gradation will process an additional 80,000 barrels of crude oil per day. The Vacuum Tower has been manufactured and supplied from Godrej & Boyce’s state-of-the- art, coastal manufacturing facility located in Dahej, Gujarat through its self-owned Sea-going jetty which enables handling of large oversized consignments.

Hussain Shariyarr, Senior Vice President & Business Head, Godrej Process Equipment said, “We are delighted to deliver the LC Max Vacuum Tower along with other fractionator columns & high-pressure vessels for the Hydrocracker unit which is one of the most critical units in a refinery. In line with our philosophy of continual improvement and capacity advancement, we have set another benchmark for us by manufacturing this tower with a 9.6 m diameter that's the maximum by Godrej so far. In addition to supplying this Key equipment for the refinery, the execution of this order is yet another contribution in achieving the goal of “Aatmanirbhar Bharat." Established in 1976, Godrej Process Equipment has been manufacturing custom-built critical process equipment for global end-users in core industries like oil & gas, refineries, petrochemicals, chemicals, fertilizers, and Power across six continents in the world. They were recently awarded by NPCIL to set up Steam Generators for India's highest-rated indigenously developed 700 MWe Pressurized Heavy Water Reactors (PHWR).

About Godrej Process Equipment

Godrej Process Equipment is one of the fourteen businesses of Godrej & Boyce, with the largest global footprint in the G& B group. Godrej Process Equipment is a leader in manufacturing custom-built process equipment such as Heavy walled Reactors, Pressure Vessels, High- Pressure Heat Exchangers, Columns, Trays, and Reactor Internals for various critical applications in the Oil and Gas, Petrochemical, Fertilizer, and Power sector across the globe, with over 80% of their products being exported.

About Godrej & Boyce Godrej & Boyce (' G& B'), a Godrej Group Company, was founded in 1897 and has contributed to India's journey of self-reliance through manufacturing. G& B patented the world's first springless lock and since then has diversified into 14 businesses across various sectors from Security, Furniture, Aerospace to Infrastructure and Defense. Godrej is one of India’s most
trusted brands serving over 1.1bn customers worldwide daily.

For more information visit:- www.godrej.com

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PUNE: The India Skill Summit, jointly hosted by Pune based FUEL, FUEL Future Skills Institute and India CSR, will be held virtually on February 6, 2022. The day-long forum will witness visionary politicians, renowned corporate leaders and CSR leaders as guests and speakers. This program assumes national importance as India has to make the skill sector more active and relevant this year.

Speakers and Guests

 The summit will be inaugurated by Shri Basavaraj Bommai, Hon’ble Chief Minister, Govt. of Karnataka; and Shri Prakash Javadekar, Member of Parliament, Rajya Sabha, Pune, Former Union HRD Minister. Shri Amitabh Kant, Chief Executive Officer, NITI Aayog, Govt. of India will be the guest of honour, who will deliver the keynote address.

Future skills Paramount 

The national forum will bring together skill sector leaders, experts and key stakeholders from industry and government to discuss the pertinent issues impacting the skills development sector and allied domains. The summit is curated as a platform for future skills dialogue pertaining to India.

Building Future-Ready Workforce, the theme

The central theme of this prestigious forum is ‘Building Future-Ready Workforce’. The summit is a forum for multiple industries to discuss future skills trends and understand the opportunities in the area of a future-ready workforce. The summit encourages young people to Upskill and Re-skill themselves. Upcoming trends and the future of India’s skill development will be discussed in a detailed manner by the various stalwarts attending the summit.

Skills for All

“Skills Development is an important imperative for achieving India’s ambitious growth targets. We are committed to working with the stakeholders, especially the industry, government and academia to create sustainable and scalable future-ready skills propositions which will benefit the youth of the country from all sections of society.”, said Ketan Deshpande, Founder, FUEL and FUEL Future Skills Institute (FFSI).

Industry leaders at the summit will be provided with the opportunity to propose collaborative and innovative resolutions to meet the skills needed across the Indian workforce, and ensure India remains globally competitive.

India, a Skill Capital of World

“India has emerged as the fastest-growing major economy and is expected to be the Skill Capital of the world over the next 2 to 5 years, backed by its young workforce. The average age in India is 29 years with 65% of the population in the working-age group (15-59 years of age). India’s burgeoning young workforce can be an asset not just for India but for the rest of the world as well.”, said Rusen Kumar, Founder and CEO, India CSR.

The participants will be able to hear thought leaders discuss and deliberate on topics extremely relevant to the skill development ecosystem for the coming years.

Launch of FUEL Future Skills Institute (FFSI)

“Launch of FUEL Future Skills Institute (FFSI) also to be launched during the summit. FFSI is a state-of-the-art centre of excellence to equip needy youth with futuristic and management skills addressing National Education Policy NEP and Industry 4.0 needs.”, added Ketan Deshpande.

Connect and Collaborate

“The Skill Summit is for skill leaders of Govt., CSR, Industry, Academicians, Researchers, Policy Makers and other stakeholders. The objective of the summit is to address the challenges that India’s skill sector is facing today and likely to face in future and to discuss innovations and strategic solutions to lay a foundation for building future-ready organisations and workforce.”, said Rusen Kumar.

Key Luminaries at the forum 

• Chief Guests

1. Shri Basavaraj Bommai, Hon’ble Chief Minister, Govt. of Karnataka;
2. Shri Prakash Javadekar, Member of Parliament, Rajya Sabha, Pune, Former Union HRD Minister 

• Guest of Honour

1. Shri Amitabh Kant, Chief Executive Officer, NITI Aayog, Govt. of India 

• Speakers 

1. Ketan Deshpande, Founder Chairman & CEO, FUEL;
2. Santosh Huralikoppi, Chief Mentor, FUEL;
3. Rusen Kumar, Founder and Managing Editor, India CSR;
4. C.P. Gurnani, MD & CEO, Tech Mahindra Limited,
5. Shailender Kumar, Senior VP and Regional Managing Director, Oracle India
6. Prof. Jaideep Prabhu, Author, Nehru Professor of Business and Enterprise, Judge Business School, University of Cambridge, UK;
7. Clare Woodcraft, Centre for Strategic Philanthropy, Cambridge Judge Business School, UK;
8. Shonali Banerjee, Centre for Strategic Philanthropy, Cambridge Judge Business School, UK
9. Kapil Kaul, National President, Indo-American Chamber of Commerce
10. David J. Ranz, U.S Consul General, Mumbai
11. Martina Merz, Chief Executive Officer, ThyssenKrupp
12. Prof Shaz Ansari, Professor of Strategy, Judge Business School

Testimonials from leaders

Corporate Leaders convey best wishes for the success of the programme Political visionary and various corporate tycoons conveyed their best wishes for the success of the programme.

Prakash Javadekar, Hon’ble Member of Parliament, Rajya Sabha, Pune and Former Union HRD Minister; Office of Satya Nadella, Chief Executive Officer, Microsoft; Sanjiv Mehta, Chairman and MD, Hindustan Unilever Limited; Madhav Singhania, Deputy Managing Director & CEO, J.K. Cement Limited; Mohit Malhotra, Chief Executive Officer, Dabur India Limited; Ajay S. Shriram, Chairman & Sr. Managing Director, DCM SHRIRAM; Venkatram Mamillapalle, Country CEO & Managing Director, Renault India Operations; Harsh Goenka, Chairman, RPG group of Companies; Hari S Bhartia, Founder and Co-Chairman, Jubilant Bhartia Group; Dheeraj G Hinduja, Executive Chairman Ashok Leyland, Hinduja Group who are leading leaders who have called this meeting important by sending their best wishes.

The Friends Union for Energising Lives (FUEL)

FUEL – Friends Union for Energising Lives, is a credible non-profit organization registered as a trust established in 2007 working in the fields of Skill Development, Career Counseling, and scholarships for disadvantaged youth of the nation under CSR initiative of various leading corporate. FUEL has trained over 45000 needy youth in futuristic skills & has guided 11 lakh students across India. FUEL, founded and led by Ketan Deshpande and Santosh Huralikoppi has received appreciation from the Hon’ble Prime Minister as “Champions of Change” and Hon’ble President of India for its commendable work over the years.

India CSR

India CSR indiacsr.in is the largest tech-led platform for information on CSR and sustainability in India offering diverse content across multisectoral issues. It covers Sustainable Development, Corporate Social Responsibility (CSR), Sustainability, and related issues in India. Founded in 2009, the organisation aspires to become a globally admired media that offers valuable information to its readers through responsible reporting. To enjoy the premium content, we invite you to subscribe to it.

Those who want to join the forum requested to register with this Zoom Link: Meeting Registration – Zoom

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Bengaluru, January 28, 2022: Ola, India’s largest mobility platform has announced expansion plans of its quick commerce service- Ola Dash. In the next six months, Ola Dash aims to expand its dark store network to 500 dark stores spread across 20 cities, making it the largest dark store network in India.

Ola Dash currently services 9 cities (Bengaluru, Mumbai, Delhi-NCR, Pune, Hyderabad, Chennai, Kolkata, Jaipur, and Lucknow) through its ‘Store to Door’ service in 10 minutes, spread across 200 dark stores, offering an assortment of 2500+ SKUs. Ola aims to grow the business, taking the order size to more than 500,000 per day by the year-end.

Anshul Khandelwal, Chief Marketing Officer, Ola said, “Ola has been a leader in the on-demand mobility business for more than a decade. Our advanced geolocation tech, coupled with the very low cost of customer acquisition gives us a unique advantage to bring the benefits of mobility to all. Our quick commerce service is an essential part of our connection with customers as they rely on technology and online service to fulfill their daily needs. Over the next few months, we will be expanding our reach and presence to more cities and customers.”

The range of products available on Ola Dash includes fresh produce, snacks, and beverages, instant food, home care products, fruits and vegetables, cooking essentials, etc.

Available on the Ola app, Ola Dash is an expansion of the New Mobility vision that now covers a wider set of customer needs, from multi-modal ride-hailing offerings to vehicle commerce to crafting unique food experiences with Ola foods and now quick commerce with Ola Dash.

About Ola

Ola is India’s largest mobility platform and one of the world’s largest ride-hailing companies. Ola revolutionized urban mobility by making it available on-demand for over a billion people across 3 continents. Today, Ola continues to move the world to sustainable mobility through its ride-hailing platform as well as through advanced electric vehicles manufactured at its Future Factory, the largest, most advanced, and sustainable two-wheeler factory in the world. Ola is dedicated to transitioning the world to sustainable mobility and making the world better than we found it.

For more details, please contact: media@olacabs.com

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• Price Band fixed at Rs. 218 to Rs 230 per equity share of the face value of Rs. 1 each (“Equity Shares”)
• A discount of Rs. 21 per equity share is being offered to eligible employees bidding in the employee reservation portion
• The floor price is 218 times the face value of the equity shares and the cap price is 230 times the face value of the equity shares
• Bid /Issue Opening Date – Thursday, January 27, 2022, and Bid/Issue Closing Date – Monday, January 31, 2022 

Mumbai, January 21, 2022: Adani Wilmar Limited (the “Company”) shall open its Bid / Offer in relation to its initial public offering on Thursday, January 27, 2022 (“Issue”).

The Price Band of the Issue has been fixed at Rs. 218 to Rs. 230 per equity share of the face value of Rs. 1 each (“Equity Shares”). Bids can be made for a minimum of 65 Equity Shares and in multiples of 65 Equity Shares thereafter.

The Issue comprises a fresh issue of Equity Shares aggregating up to Rs. 36,000 million by the Company, of which Equity Shares aggregating up to Rs. 1,070 million will be available for allocation to certain eligible employees (The “Employee Reservation Portion”) in the manner described in the RHP and Equity Shares aggregating up to Rs. 3,600 million will be available for allocation to certain eligible shareholders of the promoter of the Company, Adani Enterprises Limited (“AEL” and such portion of the Issue, the “Shareholder Reservation Portion”). The Issue is less the Employee Reservation Portion and the Shareholder Reservation Portion is the net Issue (“Net Issue”). A discount of Rs. 21 per Equity Share is being offered to eligible employees bidding in the Employee Reservation Portion and such discount should be considered as part of the red herring prospectus dated January 19, 2022 (“RHP”) and should be read in conjunction with the RHP.

The Issue is being made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCRR”) read with Regulation 31 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended (“SEBI ICDR Regulations”) and in compliance with Regulation 6(1) of the SEBI ICDR Regulations, wherein not more than 50% of the Net Issue shall be allocated on a proportionate basis to Qualified Institutional Buyers (“QIBs”, the “QIB Portion”), provided that Company may, in consultation with the Managers, allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations (“Anchor Investor Portion”), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion.

Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis only to Mutual Funds, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, not less than 15% of the Net Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Net Issue shall be available for allocation to RIBs in accordance with the SEBI ICDR Regulations, subject to valid bids being received at or above the Issue Price. All potential Bidders (except Anchor Investors) are required to mandatorily utilize the Application Supported by Blocked Amount (“ASBA”) process providing details of Issue respective ASBA accounts, and UPI ID in case of RIBs using the UPI Mechanism, if applicable, in which the corresponding Bid Amounts will be blocked by the SCSBs or under the UPI Mechanism, as the case may be, to the extent of respective Bid Amounts. Anchor Investors are not permitted to participate in the Issue through the ASBA process.

For details, see “Issue Procedure” beginning on page 362 of the RHP.

The Equity Shares offered through the RHP are proposed to be listed on BSE and NSE.

All capitalized terms referred to in this press release that has not been defined shall have the same meaning as prescribed in the RHP.

For more details on the issue please refer to the issue opening advertisement attached with the mail.

DISCLAIMER –

ADANI WILMAR LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions, and other considerations, to make an initial public offering of its Equity Shares and has filed the RHP with RoC on January 19, 2022, and thereafter with SEBI and the Stock Exchanges. The RHP shall be available on the website of SEBI at www.sebi.gov.in, websites of the Stock Exchanges i.e. BSE and NSE at www.bseindia.com and www.nseindia.com, respectively and is available on the websites of the BRLMs, i.e. Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, BofA Securities India Limited, Credit Suisse Securities (India) Private Limited, ICICI Securities Limited, HDFC Bank Limited and BNP Paribas at https://investmentbank.kotak.com, www.jpmipl.com, www.ml-india.com and https://www.credit-suisse.com/in/en/investment-banking-apac/investment-banking-in-india/ipo.html, www.icicisecurities.com, www.hdfcbank.com, and www.bnpparibas.co.in, respectively. Investors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, please see the section entitled “Risk Factors” on page 21 of the RHP.

The Equity Shares offered in the Issue have not been and will not be registered under the U.S. Securities Act of 1933, as amended (“U.S. Securities Act”), or any other law of the United States and, unless so registered, may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. Accordingly, the Equity Shares are being offered and sold (i) within the United States only to persons reasonably believed to be “qualified institutional buyers” (as defined in Rule 144A under the U.S. Securities Act) under Section 4(a) of the U.S. Securities Act, and (ii) outside the United States in offshore transactions in compliance with Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales are made. There will be no public offering of Equity Shares in the United State

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• An increasing trend was observed among patients owing to the long waiting period in OPDs despite taking prior appointments

Mumbai, January 19^th, 2022: 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, launched a trend report “Elements of a Healing Environment”. The report revealed several interesting insights on the concerns of patients, the changing face of healthcare infrastructure, and the health concerns of doctors and nurses. It further states that only when a human-centric care model is approached, can healthcare spaces become more comfortable and receptive for patients, their families, and healthcare providers such as nurses, doctors, etc.

The report states that on average, patients wait for 30–35 minutes in the Out-Patients Department (OPD) despite having a prior appointment. To alleviate the stress of patients and families that visit hospitals, the white paper has shared multiple solutions like the provision of Wi-Fi to keep patients occupied as they wait their turn, simple design elements like light-colored walls, comfortable and easily cleanable hospital furniture, along with wide windows that allow natural light. These methods reduce stress levels in not only patients but also the hospital staff thus enabling a better experience and promoting overall wellbeing.

The report further states that Nursing personnel has been identified as a high-risk group with 90% of nurses suffering from one or more pain-related issues. Most of these are owing to musculoskeletal disorders (MSD) which are currently recognized as common occupational injuries. Doctors and nurses have long shifts working on their feet or in uncomfortable positions. It is crucial that medical facilities think about ergonomics for their staff’s well-being that will enable better patient care.

Sameer Joshi, Associate Vice President, Marketing (B2B), Godrej Interior said “The Indian healthcare industry is predicted to grow by 16–17% CAGR, driven by better awareness, higher incomes, lifestyle diseases, and access to insurance. This is bolstered by the growing number of well-trained medical professionals and increased healthcare investments by the Government. At Godrej Interio, we are led by a consumer-centric approach, keeping in mind both patients as well as hospital staff, thus being recognized as a preferred solutions provider for the healthcare industry. This year, we aim to grow our healthcare business by 60-70%. We have invested over 10% of our healthcare business turnover to meet the demands of this sector.”

Given the current scenario, the study also found that 20% of respondents preferred teleconsultation to save time and avoid travel, especially in case of minor ailments. This leads to investing in future technology such as video conferencing technology to enable patients to communicate with their loved ones, especially in isolated areas and inpatient environments, as well as robots for dispensing and delivering equipment.

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 to 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 the consistent pursuit of excellence and a special focus on health and ergonomics, GODREJ INTERIO’s product portfolio comprises a wide range of solutions

Today, we design and manufacture furniture for office spaces, homes, educational institutes, healthcare facilities, laboratories, and more. Along with furniture, we offer 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 650 cities with 250 exclusive showrooms and 800 dealers, 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 in Mumbai, Khalapur, Haridwar, Shirwal, and Bhagwanpur. GODREJ INTERIO’s Shirwal Plant is Green Co Platinum Certified, and Mumbai Plants are Green Co Gold Certified. GODREJ INTERIO is widely known for its comprehensive sustainability certifications for its products in the furniture category.

GODREJ INTERIO’s commitment to the environment has resulted in manufacturing products with a lesser environmental 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 the 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.

For further information, please visit https://www.godrejinterio.com/

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January 2022: Tanishq, India’s largest jewellery retail brand from the house of Tata has introduced a unique Light Weight Jewellery platform called ‘Tanishq Hi-Lites’. The jewellery major has piloted the lightweight Jewellery launch in a bid to cater to the growing consumer preference for lightweight gold ornaments and to further strengthen its position in the Gems and Jewellery Industry.

With a mounting shift in consumer preference towards lightweight jewellery, the emphasis on product engineering has once again taken the spotlight. Tanishq has experimented with product reengineering initiatives such as design reconstruction through technological innovations, realignment of manufacturing processes and the introduction of a gold alloy with enhanced hardness and strength to offer 22 karat jewellery as part of material innovations that offer functional stability and a strong value for money proposition to its customers.

Tanishq’s unique value-added proposition of lightweight Jewellery segment in everyday, wedding and occasion wear jewellery will enable customers to ‘Buy More for Less’ with a steep reduction in both product weight as well as price ranging between 15-25% while maintaining the same scale, highest quality standards, multi-dimensional stability, design aesthetics with superlative craftsmanship.

Tanishq has introduced more than 3500 SKUs as part of the ‘Hi-Lites’ platform which will enable customers to not only heighten their savings, increase purchasing power but also safeguard themselves against the uncertainty over rising gold prices.

‘Tanishq Hi-Lites’ will be available in almost all product categories like Earrings, Finger Rings, Neckwear and Neckwear Sets apart from Pendants & Bangles. The brand aims to convert 50% of Gold inventory into Tanishq Hi-Lites across all its 380+ mega retail store networks by Q1 FY2223.

Sharing his views on this initiative at Tanishq, Mr Ajoy Chawla, CEO, Jewellery Division at Titan Company Limited said, “We are delighted to introduce Tanishq ‘Hi-Lites’- a unique platform offering lighter weight gold ornaments that are equally desirable and beautifully designed with superlative craftsmanship at lower weights resulting in lesser prices.

With lightweight jewellery pieces spread across every day, occasion and wedding, customers can now buy more pieces without stretching their budget, layer their jewellery and look their very best every day or on occasions. The lightweight jewellery not only offers a strong value for money proposition to the customers but also enhances the functional stability of the product.

We have been able to achieve a steep reduction in weight ranging between 15-25% with the help of extensive product engineering processes such as design reconstruction, technological innovations, and the use of gold alloy with enhanced hardness and strength. We aim to serve more than 1 million customers this year through the Hi-Lites platform.”

About Tanishq

Tanishq, India’s most-loved jewellery brand from the TATA Group, has been synonymous with superior craftsmanship, exclusive designs and guaranteed product quality for over two decades. It has built for itself the envious reputation of being the only jewellery brand in the country that strives to understand the Indian woman and provide her with jewellery that meets her traditional and contemporary aspirations and desires. Attesting to this commitment towards excellence, in 2019, Tanishq has been awarded the title of The Most Trusted Jewellery Brand in India by the Trust Research Advisory. To stress on their commitment to offering the purest jewellery, all Tanishq stores are equipped with the Karatmeter which enables customers to check the purity of their gold in the most efficient manner. The Tanishq retail chain currently spreads across 380+ exclusive boutiques in more than 230+ cities. Tanishq is also providing a safe and convenient shopping experience to all customers with Gold Standard of Safety measures and remote selling options in place.

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