Some notable highlights by Shriram Housing Finance’s MD

Shriram Housing finance (SHF) is a 85% subsidiary of Shriram City Union Finance (SCUF). SHF’s MD & CEO, Ravi Subramanian has informed the following – They are looking to grow both organically and inorganically Organically, the Company clocked a 54% year-on-year loan asset growth to Rs 6,546 crore at the end of September 2022 and … Read more

Mahindra plans a significant capacity expansion for SUVs

Mahindra & Mahindra riding high on the success of it’s recent launches (XUV700, Scorpio N), is sitting on a healthy order book of more than 2,60,000 SUVs. Checkout the model wise order book (taken from Company’s investor PPT). Company’s current production capacity is 29,000 SUVs per month i.e., 3,48,000 p.a. implying an average order book … Read more

We are not trying to be profitable in a hurry: Policybazaar Chairman

In an interview, Yashish Dahiya, Chairman and Chief Executive Officer of PB Fintech highlighted the following – “We started our new initiatives after the market started focusing on profitability. We are not reducing our new initiatives or killing them. We are only getting a little more efficient, which is exactly what we would do anyway. … Read more

M&M showcases its vision for EVs. Too early to make much out of it.

M&M on August 15, 2022 announced the following – Inauguration of EV design studio in UK – Mahindra Advanced Design Europe (M.A.D.E) at Banbury, Oxfordshire. Its primary objective is to conceive the future Mahindra EV portfolio and the advanced vehicle concepts M.A.D.E shares the campus with the Mahindra Formula E team and forms a part … Read more

Vedanta targets $100 bn revenue by 2030. 6x in 8 years.

Putting in big long term targets is in fancy and Vedanta is not the one to be left behind. Addressing shareholders at the company’s 57th AGM, Anil Agarwal, the chairman has set the target of $100 bn, i.e., approx Rs 8 lakh crore revenues by 2030. Company reported revenues of Rs 1.33 lakh crore in … Read more

Godrej Industries rolls out plans for the NBFC business

Godrej Industries (GIL) has communicated the following – GCL, the financial subsidiary of GIL was started in 2020 and since then has been providing home loans in select geographies. It is the holding entity for Godrej Housing Finance (an HFC) and Godrej Finance Limited (an NBFC). It is currently present across Mumbai, Bengaluru, Delhi NCR, … Read more

Paytm commits to become operating breakeven by September 2023

In it’s quarterly operating performance update for March 2022 quarter, Paytm founder Vijay Shekha Sharma (VSS) has informed the following – Paytm should be Operating EBITDA (before ESOP cost) break-even in the next 6 quarters i.e., by September 30, 2023. During December 2021 quarter, Paytm had reported EBITDA (before ESOP cost) loss of Rs 393 … Read more