In an interaction with Mint, Lemon Tree’s chairperson, Patanjali G. Keswani has shared the following – He said that over the past 12 years, Lemon Tree has built more hotel rooms than any other hotel company in India. It currently operates 112 hotels, consisting of 41 owned properties with about 5,800 rooms and 71 managed … Read more
Borosil Group has three listed entities – Borosil Renewables (BRL) – solar glass Borosil (BL) – consumer glassware Borosil Scientific (BSL) – scientific and laboratory glassware In FY 24, BRL reported Rs 1,386 cr of revenues, BL Rs 928 cr and BSL Rs 390 Cr – totalling Rs 2,700 cr revenues for the group. Promoter … Read more
In a media interview, Kotak Bank’s CEO, Ashok Vaswani has communicated his target to be the 3rd largest private bank by 2030. From the interaction it was unclear whether the aspiration is on balance sheet, profits, ROE or all. As of now Kotak is the 4th largest private bank after HDFC, ICICI and Axis. In … Read more
Recently, Supreme Court had dismissed pleas by Indian telecom operators to re-compute Adjusted Gross Revenue (AGR) dues. The companies had sought corrections in the AGR calculations, a penalty reduction, and interest rate adjustments. This resulted in significant implications specifically for Vodafone Idea (VIL), whose burden has now increased to Rs 70,320 cr as of FY24. … Read more
Godrej Capital (GCL), the financial subsidiary of Godrej Industries (GIL) was started in 2020. Since then it 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). The business is ramping up nicely and GIL has now shared the following … Read more
Real estate sector in India is facing strong traction, especially the residential real estate. Almost every company is providing aggressive growth targets. Now Shriram Properties (SPL), while unveiling it’s new brand identity has provided ambitious growth targets. The Company has embarked on a mission – called, SPLNxT – towards accelerating growth, repositioning brand and enhanced … Read more
Jewellery business increase market share from 8.6% currently to 10-11%. In last 5 years, the market share has almost doubled. increase buyers from 3.8mn to 6mn store count from 900 to 1250+ grow revenue at a CAGR of 15-20%. In FY 24, this division’s revenues grew by 20%. Â Emerging business – wearables, Taneira (ethnic wear … Read more
Started in 2012, Tata Starbucks is a 50:50 JV between Tata Consumer and Starbucks. It’s claimed to be a success in India so far and consequently the Company has announced the following – Increase the store count from 390 currently to 1000 by 2028 Currently, it has presence across 54 Indian cities. Going forward the … Read more
In an interview with ET, Piramal Enterprises (PEL) Chairman, Ajay Piramal projected the following. To double loan book by FY28 to about 1.2-1.3 lakh crore i.e., a CAGR of about 15% The growth will come significantly in retail through secured as well as unsecured lending. Like many other NBFCs, PEL is also banking on technology … Read more