Business Growth Analytics

Company to double business every 3 years, says Compass Group's Chawla

Compass Group India, part of British multinational contract food service and facility management services provider Compass Group PLC, is looking to double its business every three years in the country -- a key growth market. Besides, the company which has recently acquired ICS Foods is "very open to look" for more such opportunities to broaden its play here, said Compass Group India Managing Director Vikas Chawla. The company, which is expanding its play into food catering opportunities, is focusing on clients from manufacturing, education and healthcare sectors, and aims to corner "above the double-digit mark" in market share in the next five years. In the next three years, Compass Group India aims to serve over two million meals per day and increase its footprint across 600 client locations, reinforcing its leadership in the food and support services sector, he added. "If we expand at the rate of 20-plus per cent, which we want to do, I sense that we would double our business eve

Vahitra & Associates Leads Brand Creation, Overseas Company Registration and Driving Growth

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India business growth at four-month high in January, shows survey

That put the index above the 50-mark that separates expansion from contraction for the 30th consecutive month

Non-par products haven't really picked up much: Bajaj Allianz Life MD & CEO

Tarun discusses strategies to boost sales in the remaining months of this financial year, with introduction of new products

Strengthening ties: British companies in India register strong growth

As many as 147 companies have met the qualifying criteria and have been featured in the BMI Growth Tracker

Bank of Maharashtra plans to raise Rs 1,500 cr via bonds to fund business

State-owned Bank of Maharashtra (BoM) on Tuesday said it plans to raise Rs 1,500 crore through bonds to fund business growth. The lender intends to raise the funds through private placement of Basel-III compliant tier II bonds, BoM said in a regulatory filing. The issue size is Rs 250 crore with a green shoe option of Rs 1,250 crore, it added. The tenure of the bonds is going to be 10 years. The bond auction date is September 14, while allotment to bidders would be made on September 18, the filing said.

Honeywell will double its India business in next 3-5 years: Ashish Modi

Modi talks about the key trends shaping the industry and growth drivers for the company, in a face-to-face interview with Ayushman Baruah in Bengaluru

Biz messaging going to be our next growth engine: Meta India's Devanathan

In a video interview with Shivani Shinde, Devanathan talks about the next big bets for Meta in India and her priorities

PNB Housing raises Rs 2,494 cr from rights issue for business growth

PNB Housing Finance promoted by Punjab National Bank (PNB) has raised Rs 2,494 crore from the rights issue to fund business growth. The issue closed on April 27, 2023, PNB Housing Finance said in a statement. The company intends to utilise the net proceeds from the issue towards augmenting its capital base. Post the rights issue, the shareholding of PNB as a promoter of the company would come down from the current level of 32.53 per cent to below 30 per cent, but it would be higher than 26 per cent so that the bank retains promoter status. In March 2022, PNB Housing's board approved the Rs 2,500-crore rights issuance, and in November last year, the board cleared the draft letter offer that was to be filed with the Sebi. PNB Housing was looking to raise equity capital worth Rs 4,000 crore, and had entered into a deal with joint venture partner Carlyle Group, among other investors, in May 2021. However, in October 2021, the mortgage lender decided to terminate the Rs 4,000 crore sta

India's Godrej Consumer Products estimates double-digit Q4 sales growth

India's Godrej Consumer Products Ltd on Wednesday estimated its sales grew in double digits in the 4th quarter, led by strong domestic demand for its home and personal care products

Deposits by public sector banks up 8.8% in December quarter: RBI data

However, they still lag the pace of private banks

Park+ raises Rs 140 crore for biz expansion, to hire 200 employees

Car services management app Park+ on Tuesday said it has raised Rs 140 crore in a funding round led by Epiq Capital, Matrix Partners India and Sequoia Capital India. The company plans to utilise the fund to expand its presence to over 100 cities, to hire more than 200 employees and expand its services verticals, Park+ said in a statement. "The fund (Rs 140 crore) that we have raised will help us in strengthening our team and expanding presence to over 100 cities. The part of the fund will be used for launching more used cases," Park+ Founder and CEO Amit Lakhotia told PTI while sharing details of the funding. Park+ has over 700 employees across India. Lakhotia said that the company has access control business in 20 cities, parking business in 10 cities, dealership business in 30 cities and the company will scale up across different verticals and touch 100 cities in the next 6-8 months. The company helps users find a parking spot, track challans, recharge FASTag, renew insurance, c

Comviva partners with KIIT, ITER to develop market-appropriate talent

Comviva will provide content, technologies, faculty training, and access to industry experts in its core areas of focus like digital payments, real-time marketing & analytics, etc

Facilitated Rs 3,600 cr loans in Q1FY23, up 112% QoQ, says BharatPe

Helped disbursals to over 120,000 merchants in Q1FY23, up from 66,000 merchants in Q4FY22

Globus Infocom expects to grow business by 70% to Rs 350 cr by FY22

Digital classroom solutions company Globus Infocom expects to grow business by around 70 per cent to Rs 350 crore by the end of the current financial year

The art of 'time-forward thinking'

Vision is undoubtedly imperative for those at the helm. It is all the more important in these times when the role of "leaders" is being redefined - from being "superiors" to "leader-servants"

Analytics for business optimisation, growth

Those who apply statistical techniques to derive insights would be the future success stories