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Tag: Chennai

Shriram AMC launches Shriram NIFTY 1D Rate Liquid ETF (Growth)

Chennai, June 26, 2024: Shriram Asset Management Company (Shriram AMC) announced the launch of Shriram Nifty 1D Rate Liquid ETF (Growth), an open-ended Exchange Traded Fund tracking the Nifty 1D Rate Index.

The Shriram Nifty 1D Rate Liquid ETF (Growth) New Fund Offer will be open for subscriptions from July 1, 2024 till July 3, 2024. Investors can apply through their securities brokers or by depositing physical forms at their nearest CAMS Investor Service Centre.

The Shriram Nifty 1D Rate Liquid ETF (Growth) provides investors with easy cash management with high liquidity, relatively low interest rate risk and relatively low credit risk. They can earn higher returns by investing their idle cash in this ETF seamlessly through their demat account, instead of leaving it in their savings account. The Growth plan delivers compounding of returns without the need to track daily fractional dividends, with capital gains tax being applicable only on redemption. Returns can easily be tracked through the growth NAV published.

The fund has lower interest rate volatility as it invests only in the overnight money market, with lower risk due to just a one day exposure to liquid instruments backed by government securities. Along with liquidity and steady returns, Shriram Nifty 1D Rate Liquid ETF (Growth) will also be made eligible as collateral for margin trading giving greater convenience to active equity investors.

Kartik Jain, MD & CEO, Shriram AMC, said, “At Shriram AMC, we are constantly striving to innovate and provide investment products that fit the changing demands of today’s clients. With the introduction of the Shriram Nifty 1D Rate Liquid ETF (Growth), we offer an effective cash management vehicle that combines the advantages of better returns, higher liquidity and relatively lower risk. This ETF is ideal for investors wishing to increase their returns on idle capital while reducing risk by investing in stable and secure overnight products. Active traders will get the added benefit of margin pledge. Given the present financial landscape’s growing desire for flexible and secure investment solutions, we believe this fund will play an important role in assisting clients in meeting their financial objectives.”

Veranda XL Partners with SDNB Vaishnav College for B.Com Professional Accounting and CA Coaching Program

CHENNAI, 25th JUNE 2024: In line with the target of achieving Rs 600 crore over the next five years through institutional partnerships, J.K. Shah Classes (a brand of Veranda XL), which is a subsidiary of Veranda Learning Solutions, has signed a Memorandum of Understanding (MoU) with SDNB Vaishnav College for Women, Chennai, to introduce a Bachelor of Commerce (B.Com) program enriched with a Chartered Accountancy (CA) course. This initiative aims to provide students with a robust academic foundation and practical expertise in commerce and accountancy.

J.K. Shah Classes, with a legacy of over 40 years and having produced over 1800 all-India rankers, will deliver the value-added CA course, ensuring students receive industry-relevant knowledge and skills. The inclusion of CA coaching within the B.Com program prepares students to meet the rigorous demands of the CA exams while they complete their undergraduate degree, saving time and effort in their pursuit of professional qualifications. This early exposure to CA coursework allows students to build a solid foundation in critical areas such as financial reporting, auditing, taxation, and strategic financial management. This dual program enhances their employability, making them suitable for a wide range of roles such as financial analysts, auditors, tax consultants, and management accountants.

Key Highlights of the program:

  • Value-added B.Com Program: The course curriculum will seamlessly combine traditional commerce education with a comprehensive CA training program, offering students a unique and holistic learning experience.
  • Expert Faculty and Resources: Students will have access to JK Shah Classes’ esteemed faculty and resources, renowned for producing successful CA professionals.
  • Enhanced Employability and internships: Graduates of the program will be better equipped for career opportunities in accounting, finance, and related fields, significantly enhancing their employability and career prospects.
  • Empowering Women in Commerce: This partnership underscores a commitment to empowering women through quality education, aligning with SDNB Vaishnav College’s vision of fostering academic excellence among women.

The Principal (i/c) of SDNB Vaishnav College for Women Dr. R Radha, said, “The collaboration with Veranda XL will provide our students with an edge in the competitive world of commerce and finance. We believe this program will greatly benefit our students by providing them with the knowledge and skills needed for successful careers.”

On the collaboration, Mr. Vishal Shah, Chief Operating Officer, J.K. Shah Classes, said, “This MoU represents an important step in our mission to provide top-tier education and professional training to students across India. This will be our 8th partnership with an institution in Tamil Nadu to deliver a B.Com + CA program, with many more in the pipeline. By combining the strengths of Veranda and SDNB Vaishnav College, we are confident in our ability to offer a transformative educational experience.”

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Indian Overseas Bank Conducts the 178th SLBC Meeting for Tamil Nadu

Chennai, 21th June 2024 – The 178th State Level Bankers’ Committee (SLBC) meeting for the state of Tamil Nadu was successfully conducted by the Indian Overseas Bank – Convenor, under the esteemed Chairmanship of Thiru Thangam Thennarasu, Hon’ble Minister for Finance, Human Resources Management, Government of Tamil Nadu (GoTN), at the Secretariat in Chennai.

Indian Overseas Bank Conducts the 178th SLBC Meeting for Tamil Nadu

The meeting saw the presence of several distinguished dignitaries, including:

  • Thiru Joydeep Dutta Roy, Executive Director, Indian Overseas Bank & Chairman, SLBC, Tamil Nadu
  • Thiru T Udhayachandran, IAS, Principal Secretary to Government, Department of Finance, GoTN
  • Smt. Uma Sankar, Regional Director, Reserve Bank of India
  • Thiru R Anand, Chief General Manager, NABARD
  • Thiru V V S Kharayat, DFS, Government of India

Secretaries and Department Heads of various GoTN departments, along with senior executives and officials from the Reserve Bank of India (RBI), NABARD, State Government, Banks, and Lead District Managers (LDMs) of all districts in Tamil Nadu, also participated.

During the meeting, key agendas under Priority Sector Advances were discussed, with a focus on Agriculture, MSME Lending, Educational Loans, and Housing Loans. These discussions were presented and deliberated by the Convenor of SLBC, Thiru Mohan M, General Manager, Indian Overseas Bank.

A significant highlight of the meeting was the release of the Annual Credit Plan for the Financial Year 2024-25 by Thiru Thangam Thennarasu. The Annual Credit Plan has set a target of Rs. 8,08,745 crores under Priority Sector Lending for FY 2024-25, estimating a growth of 21.80% over the previous financial year 2023-24.

The SLBC meeting reaffirmed the commitment of all stakeholders to foster financial inclusion and economic growth in Tamil Nadu through concerted efforts in priority sector lending.

United Way Bengaluru Launches ‘Mangroves Matter’: A Campaign to Restore Mangrove Ecosystems Started revitalizing mangrove ecosystems at Pulicat near Chennai

Mangroves at Pulicat 2

Bengaluru, May 27, 2024: Recent reports indicate a staggering loss of about 35% of mangroves between 1996 and 2010 highlighting a concerning trend in environmental degradation. Mangrove ecosystems play a significant role in stabilizing coastlines, making their preservation crucial for the environment and inhabitants. Mangroves are a natural solution to climate change, the paramount global threat. They can sequester carbon at a rate five times greater than tropical forests.

Responding to this urgent need, United Way Bengaluru (UWBe) has launched an ambitious and impactful campaign, ‘ Mangroves Matter’, to revitalize mangrove ecosystems. The first foot is at Pulicat or Pazhaverkadu, a coastal town near Chennai, Tamil Nadu. Known as the ‘jungle of roots‘ in Tamil, Pulicat encompasses a vast expanse of 720 sq. km, constituting India’s second-largest brackish water body. Rampant destruction of mangrove vegetation by human activities and natural causes has led to a massive reduction in the lake’s depth from 3.8m to 2m. This ecological decline has endangered biodiversity and threatened the livelihoods of local fisherfolk dependent on the mangrove ecosystem.

The ‘Mangroves Matter’ campaign was officially launched on World Wetlands Day, 2024, with a bold vision to rewild approximately 10 lakh mangroves across 100 acres in the Pulicat region alone. In addition to their environmental advantages, the campaign will closely work with the Irula community, opening up livelihood opportunities for them and boosting the local economy by supporting the cultivation of shrimp and fish species. The project also includes removal of acres of Prosopis ( Karuvelam ), an invasive species which has destroyed the local flora and soil ecosystems.

Sriram Ananthanarayanan, Director-Projects, UWBe, said, “I am glad that many of our Corporate CSR partners have come forward to support this campaign with a shared vision towards environmental commitment. Notably, our CSR partner, Mphasis, has pledged their support to this cause, dedicating the rewilding of mangroves on 70 acres in Pulicat. “

Looking ahead, United Way Bengaluru envisions extending the campaign’s reach to other regions, including Andhra Pradesh, Karnataka, and Kerala. Upholding its mission of “mobilizing the caring power of communities,” the organization calls upon organizations from different industries to join hands in supporting this vital mission for the preservation of the planet’s precious ecosystems.

Rajesh Krishnan, CEO, UWBe, said, “COP28 made significant progress towards securing the Mangrove Breakthrough’s goal of 15 million hectares of mangroves underpinned by USD 4 billion new investments by 2030. I am super excited that United Way Bengaluru is among the very few organisations who have taken this initiative. ‘Mangroves Matter’ is aligned with the aspiration of COP28, which calls out the responsibility of the State, corporations, local people, community, NGOs and other stakeholders to deliver the Breakthrough.”

Women Role Models in STEM Shine at myAvtar Career Conference, 2024

STEM Shine at myAvtar Career Conference, 2024

Bengaluru, May, 2024: Avtar Group, India’s leading Diversity, Equity and Inclusion (DEI) Solutions firm, hosted the myAvtar Career Conference (MACC) at Karnataka Trade Promotion Organization (KTPO), Bengaluru today.

myAvtar Career Conference (MACC), the career extravaganza brought together inclusive companies and a vast pool of women talent from the field of Science, Technology, Engineering, Mathematics (STEM) under one roof. Participating Companies included, Aditya Birla Group, Publicis Sapient, Broadridge Financial Solutions India Limited, Moody’s, Renault Nisan Tech, IBM India, Google Cloud, HDFC ERGO, ACT, AstraZeneca, Johnson & Johnson, Gallagher, Happiest Minds Technologies Limited, Stryker, Verisk, AKJ Somaiya Institute Of Management, among many others.

Tailored for Women in Science, Technology, Engineering & Mathematics (STEM), MACC offered a unique platform to connect, collaborate, and converse with like-minded professionals, industry-leading companies, and renowned experts in the industry. The conclave was an ecosystem designed to foster learning, sharing, and networking for women in the STEM field; an opportunity to explore new horizons in the STEM field, to grow personally and professionally, and to unlock a world of possibilities. The conference witnessed a large gathering of students, educators, professionals, and industry leaders who shared their knowledge, experiences, and insights.

Avtar Group also announced the winners of their inaugural “Women in STEM” Awards. This Awards recognize and celebrate the outstanding achievements of women who are making significant strides in the STEM fields. In STEM Icons 15 plus years of work experience category, Vaijayanthi Srinivasa Raghavan Senior Director, UPS India Technology Centre, Priya Kanduri, CTO, SVP – Cyber Security Services, HappiestMinds Technologies Limited, Deepti Singh, Deputy General Manager- Head of Department System Installation, Renault Nissan Tech have received top 3 awards. In STEM Divas 8-15 years of work experience category, Subbulakshmi Ramkumar, Deputy Manager, RNTBCI, Yogita Bhanwaria, Senior Manager, Biocon Biologics Limited, MuthuSusithra Devarajan, Team Manager, Broadridge Financial Solutions have received top 3 awards. In STEM Stars 2-8 years of work experience category, Nishtha Mahendru, Consultant, Applied Innovation Exchange, Capgemini, Nidhi Raut, Sr. Engineer, Renault Nissan Technology Business Centre India (RNTBCI), Indujaa Thangavel, Broadridge Financial Solutions have received top 3 awards.

“One of the key sectors that has the potential to boost women’s workforce participation, is the STEM industry. While 43%of STEM graduates are women, they make up only 28% of the STEM workforce. Moreover, women drop out of the workplace due to childbirth, childcare and elder care. Consequently, only 3 percent of women hold CEO posts in the STEM Industry. While research has established that improving women’s workforce participation can boost India’s GDP by 27%, more women in STEM would set the stage for inclusive innovation and solution designs that are equitable for all. Women have historically been underrepresented in STEM, yet they bring invaluable perspectives and ideas to these fields. MACC awards recognizes the exceptional talent, the brilliance, and diverse perspectives of women in STEM,” said Dr Saundarya Rajesh, Founder – President, Avtar Group announcing the awards at the myAvtar Career Conference today in Bengaluru.

“Through MACC, we are acknowledging the remarkable work being done by women in STEM and also addressing the systemic barriers they face. Our goal is to create an environment where every individual, regardless of gender, has the opportunity to thrive and drive progress,” added Dr Saundarya.

At the conference, three organizations with the “Best Programs for enabling women in STEM”Biocon Biologics Pvt Ltd, Kyndryl and Molecular Connections Pvt Ltd were also recognized.

In addition to the awards, the myAvtar Career Conferences hosted a series of panel discussions, skilling tracks conducted by IBM, Google Cloud, Johnson & Johnson and Publicis Sapient exclusively for women. The event also provided a platform for knowledge exchange, mentorship, collaboration, further strengthening the presence and influence of women in the STEM field.

The conference hosted in the hybrid mode –saw an attendance of over 3000 women at the on-ground event, while there were over 2000 attendees virtually. Companies opened up jobs from entry-level to senior-level positions across India – Bengaluru, Chennai, Gurgaon, Hyderabad, Pune, Bhubaneshwar, Madurai and Coimbatore.

IIFL Home Finance Leads Affordable Housing Finance in India

Chennai, May 20, 2024 IIFL Home Finance Limited (IIFL HFL) has seen its Asset Under Management (AUM) swell from ₹ 28,512 cr in FY23 to ₹ 35,499 cr in FY24, witnessing a 25% YoY growth, making the company India’s largest affordable housing finance company with an average ticket size of ₹ 14.26 lac.

IIFL HomeLoans

Basis the exchange reporting on May 6, 2024, the company with over 20% shareholding of Abu Dhabi Investments Authority (ADIA), saw its the revenue from operations rise from ₹ 2,712 cr in FY23 to ₹ 33,17 cr in FY24, recording a 23% YoY growth. The Profit After Tax saw a 32% jump from Rs 768. cr in FY 23 to Rs 1017 cr in FY 24. The NIM’s saw an improvement of 80 bps and strengthened from 6.5% in FY 2223 to 7.3% in FY24, with capital adequacy ratio of 42.7%. The Gross NPA also saw over a 60-bps improvement from 2.1% in FY23 to 1.5% in FY24. The Company has the lowest cost to income ratios amongst all affordable housing companies in the country.

Monu Ratra, ED and CEO of IIFL Home Finance, said “IIFL Home Finance remains committed to providing affordable home loans, particularly to EWS and LIG segments, with a focus on first time home buyers and women borrowers/co-borrowers. We have built a strong moat in India’s mortgage lending space and our focus on operational excellence and technology led solutions have resulted in not only growth in AUM, increase in NIMs, reduction in credit cost resulting in better profitability but also fetching more customers who believe in us. The active customer base increased from 202885 to 281514[MOU1] [MG2] which reimposes customers faith in the organization and its offerings.

It’s a privilege to have support of investors such as ADIA and DFIs such as DFC, IFC and ADB who have shown trust in us. In just a decade, we have grown from a sub ₹ 2,000 cr AUM to a ₹ 35,499 crs AUM today! This reflects our commitment to attending to the underserved segments. Our financial performance is amongst the best in the industry, and the next 3 years will see an average growth of 20% in our AUM YoY, with a strong play of phygital operations.”

Kranth Namala, Zonal Sales Head – South, of IIFL Home Finance, said, “In coming years, while we plan to expand our reach with the use of our digital capabilities, we will focus on tapping the deeper geographies of the 17 states we are present in. We are also working on technological interventions which will help us built customized application process for customers from tier 3 and 4 markets, resulting in smoother customer experience and eventual lesser loan approval time. In FY24, in alignment with honorable Prime Ministers vision of Housing for All, we disbursed home loans to over 23,000 beneficiary led construction (BLC) households under PMAY in the state of Andhra Pradesh.

In the FY25, we aim to cater to over 68,500 new customers, mostly first-time home buyers, through our strong branch network of 170 branches in Andhra Pradesh, Telangana, Tamil Nadu and Karnataka.”

IIFL Home Finance Ltd., a champion for sustainable housing practices, also secured a total funding of over $ 450 million in FY 23-24 from DFIs such as U.S. International Development Finance Corporation (DFC), International Finance Corporation (IFC), and others to support affordable and green housing for low-income and economic weaker sections. This not only reinforces IIFL HFL as a leading affordable housing company but also aligns with the government’s vision of Housing for All, promoting financial inclusion, environmental and social responsibility, and will be instrumental in addressing the affordable housing gap in India.

Data Patterns reports a robust 55% growth in EBITDA and 40% growth in PAT in FY Q4 FY 2023-24

Chennai, May 20, 2024: The Board of Directors at Data Patterns (India) Limited, a strategic Defence and Aerospace electronics systems provider catering to the indigenously developed defence products industry, today approved the limited review financial results for the quarter and financial year ended March 31, 2024.
Srinivasagopalan Rangarajan, Chairman and Managing Director- Data Patterns
 
Performance Highlights
INR in Cr.
Particulars
FY 23-24
FY 22-23
Q4 FY 24
Q3 FY 24
Total Income
565.8
462.7
194.6
150.8
Revenue from Operations
519.8
453.4
182.3
139.5
Operational EBIDTA
221.6
171.8
93.0
60.0
Profit Before Tax (PBT)
242.2
164.8
95.3
65.7
Profit After Tax (PAT)
181.7
124.0
71.4
51.0
FY 2023 – 2024
§  Total Revenue for FY 202324 increased by 22% from Rs. 463 Cr to Rs. 566 Cr in FY FY 2022-23.
§  Revenue from operations increased by 15% to INR 520 Cr in FY 24 as against INR 453 Cr in FY23
§  EBITDA grew by 29% to INR 222 Cr in FY24 as against INR 172 Cr in FY23
§  PBT for FY24 grew by 47% to INR 242 Cr as against INR 165 Cr in FY23
§  Profit after Tax for FY24 was Rs. 182 Cr as against Rs. 124 Cr in FY 23, marking 47% growth.
§  PAT margin for FY 2024 was 35% against 27% in FY 2023
 
Q4 FY 2024 in comparison to Q3
§  Total Revenue for Q4 FY 202324 increased by 29% from Rs. 151 Cr to Rs. 195 Cr as compared to Q3.
§  Revenue from operations increased by 31% to INR 182 Cr in Q4 FY 24 as against INR 140 Cr in Q3 of FY24
§  EBITDA grew by 55% to INR 93 Cr in Q4 FY24 as against INR 60 Cr in Q3 FY24
§  PBT for Q4 FY24 grew by 45% to INR 95 Cr as against INR 66 Cr in Q3 FY24
§  Profit after Tax for Q4 FY24 was Rs. 71 Cr as against Rs. 51 Cr in Q3 FY24, an increase of 40%.
The Board has recommended a final dividend of Rs. 6.50 per share (325% per equity share of Rs. 2 each), which is subject to approval by the shareholders in the ensuing AGM
 
ORDER BOOK
·         Company has secured more than Rs. 670 Cr of orders during FY 202324.
·         Order book as on March 31, 2024                                          – Rs. 1,083.01 Cr
·         Orders received during Q1 FY 2024-25 so far                        – Rs.        6.29 Cr
·         Negotiation completed & yet to receive order                      – Rs.      14.80 Cr
·         Including orders negotiated converted into orders, the order book will be INR 1096 Cr
·         Order book as on April 01, 2023 was Rs. 924 Cr
 
From the CMD’s Desk
 Commenting on the company’s performance, Mr. Srinivasagopalan Rangarajan, Chairman & Managing Director, Data Patterns (India) Limited said, I am pleased to report that we had a successful FY 202324. Our EBITDA increased by 29% and PAT increased by 47% in FY 202324, marking significant growth compared to last year. Order inflows have aligned with our guidance, with deliveries scheduled for next quarter. Going forward, we remain committed to excellence and innovation in product development, leveraging opportunities in the Indian defence sector.

Akshay Tritiya Parna Mahotsav held

Hyderabad, May 10th, 2024….108 Jains who fasted by eating alternative day for the past one year broke their fasting by consuming sugar cane juice today at Dadawadi Jain Temple at Karwan.

Akshaya tritiya 12

Some of the people who fasted were as old as 86 years done young were just 19

It had more women than men. Some of them have fasted for 35 years.

The ceremony is called Akshay Tritiya Parna Mahotsav. It kicked off yesterday and concluded today.

Earlier all these 208 Jain’s drawn from across India, including 32 from the twin cities of Hyderabad and Secunderabad were ceremoniously taken in 25 well-decorated chariots in a km-long procession from Saibaba Temple in Gudi Malkapur to Dadawadi Jain Temple Karawan.

Vimlabhai Kochar from Nashik has been fasting by eating alternative day for the past 35 years. Kantha Bhai has been fasting for 16 years. Ugam Bhai Gandhi is an 81-year-old woman who has been fasting for the past 24 years. Kishore Golechs from Secunderabad who is into the cycling business has been fasting for 24 years. Sangeetha Kothari, a 52 years old woman has been fasting for the past 7 years.

Sunitha Vinod, 52 from Nashik has done first time. Krishi Bandari, a 19-year-old girl from Hyderabad has done fasting a second time. Says, that fasting has taught her to exercise control on anything we do excessively. It has also taught me a very good discipline in life.

Mahendra Lunwath from Hyderabad who has been fasting for 20 years said it is mind control over food. I decided in mind and I never had any problem in fasting. He urged youngsters and first-timers to start fasting at least once a week. In an era where food is available at the click of a mouse from food delivery platforms such as Swiggy and Zomato, fasting is the only way forward to exercise control over food. We are what we eat. Obesity is on the rise. The best way is to fast at least once a week he said

Akshaya tritiya 14

The fast-breaking ceremony was organized under the guidance of Jain Guru Dr Samkit Muni Ji and two other Jain Monks.

On this day about 2000 Jains from across India such as Nashik, Pune, Jodhpur, Karnataka, and Chennai, and Hyderabad participated

108 Jain’s ended their year-long alternate fasting with sugar cane juice disclosed Swarupchand Kothari, Gautam Chand Dank, Sajjan Gandhi, Annaraj Bafna, and Vinod Kimtee, the office bearers of the organising body.

In Jainism, Akshaya Tritiya is important as it commemorates the first Tirthankara, Rishab dev Bhagwan, ending his one-year asceticism(severe self-discipline and avoiding all forms of indulgence) by consuming sugarcane juice poured into his cupped hands. Some Jains refer to the festival as Akashya Tritiya Parna Mahotsav. The ascetic practices include simple living, begging, fasting, and ethical practices such as humility, compassion, meditation, patience, and prayer. Akshay Tritiya Parna Mahotsav brings to an end to such a year-long strict self-discipline.

Akshay Tritiya Parna Mahotsav was organized by Shri Vardhaman Sthanakvasi Jain Shravak Sangh, Greater Hyderabad

Invitation to The Shop’s Spring Summer Collection, Malmal Mela on April 26th and 27th, 2024 at The Folly

The Shop is excited to unveil its Spring Summer collection, ‘Malmal Mela’. The material used for this collection is Mul Mul in a wide range of eco-friendly products in clothing including nightwear, loungewear, men’s and women’s wear and home furnishings such as table linen, mats, napkins, bed linen, cushions, kitchen items, curtains from 10am to 7pm on Friday and Saturday, April 26th and 27th, 2024, at The Folly, Amethyst, Whites Road, Royapettah, Chennai. For inquiries, contact us at 044 45991630/31.

A team of 6-9 talented designers got together from different backgrounds along with an experienced senior designer leading the team, have worked together to produce this unique and exquisite collection.

The price range of this collection is from Rs.600/- to Rs.5,000/-.

The Shop

The Shop, established in 1969 by Kamal Singh and Preminder Singh, is a family-run business dedicated to crafting items that enhance the beauty of everyday life. Our inspiration stems from traditional textiles, honoring individuality, and embracing the essence of living in a sacred environment.

For over five decades, we have drawn inspiration from indigenous textiles and crafts to create products that embody a blend of traditional designs and modern aesthetics. Our skilled artisans infuse each piece with mindfulness, resulting in unique offerings that enrich the concept of beautiful living.

OUR PHILOSOPHY

Our ethos centers around advocating for a life of beauty and appreciating the smallest wonders that enrich our daily experiences. We are committed to embodying values such as solidarity, cooperation, curiosity, creativity, diversity, and sustainability.

OUR WORKSHOP

Our workshop embraces organic materials and spacious, sunlit areas to inspire artists and designers. We handle most tasks in-house, including dyeing, printing, embroidering, quilting, and textile design, employing eco-friendly methods like rainwater harvesting and groundwater recharging for sustainable production.

OUR ENVIRONMENTAL COMMITMENT

For decades, our work ethos has been rooted in traditional, environmentally conscious practices. To reduce our global footprint, we utilize solar-heated water for dyeing, harvest rainwater for reuse and groundwater recharge, and treat all production effluents responsibly. Our construction methods focus on indigenous materials and traditional techniques, such as white-washing walls with lime and cow dung (gobar). Atriums in our building foster a well-lit, airy workspace with gardens, promoting a pollution-free environment and connecting us with nature.

OUR STORES

In the past fifty years, The Shop has evolved significantly. Beginning as a single store in Delhi, we have expanded across cities like Mumbai, Noida, Meharchand Market in South Delhi, and Gurgaon. Our reach now extends to international markets through exports. Recently, we’ve launched new outlets in Bangalore and Kochi, along with a presence in the Museum of Goa and a permanent store in Panjim and Sangolda. Our store, The Attic in Connaught Place, showcases treasures from previous seasons, offering valued discoveries to our clientele. Additionally, we achieved a milestone with the inauguration of our Workroom in Gurgaon, specializing in bespoke interior designs.

OUR SOCIAL COMMITMENT

We adhere to local laws concerning minimum wage, child labor, workplace safety, and prevention of sexual harassment. Our commitment to employee satisfaction includes various support measures and benefits such as alternate Saturdays off, company-sponsored team trips, interest-free emergency loans, and assistance during family emergencies. As a result, many of our employees have been with us for over 25 years. Our supervisory and some managerial roles are often filled from within our talented and experienced workforce. We are proud to have second-generation staff members who have chosen to continue their careers in our familiar and supportive workspace.

DESIGN

We deliver two collections a year – Spring/Summer & Fall/Winter. Pop-up stores in Frankfurt and Paris as a part of trade fairs – Heimtextil, Ambiente, Trade shows, NY NOW, and IIGF are also an annual ritual. Our design team actively works to bring fresh ideas into the market. We print our own CADs. A fully equipped sampling department ensures that each new style and print is tried out for quality and viability before it is introduced into the market.

spring collection 9

PRODUCT RANGE

We have a wide product range that consists of Home, Kitchen, Women’s Clothing, Men’s Clothing, Kids Wear, Stoles, Toys, Accessories, Bags, and You Care Products.

DYEING

Our dyeing department is equipped with fabric dyeing jigger machines that can handle large widths and huge quantities of fabrics. Experimentation with dyeing techniques such as ombre, shibori, sponging, and marbling combined with rich color fastening techniques helps us produce fabrics with vibrant colors and unique designs.

SCREEN PRINTING

Prints are our specialty. Our screen printing division is fully equipped to deliver top-notch color definition and quality prints, including pigment and discharge printing. We excel in creating intricate patterns and layouts, managing up to 48 screens per design. All our tables are heated for optimal quality and color fastness. With our in-house computer and hand artwork capabilities, along with a dedicated screen exposing section, we minimize turnaround time for samples.

BLOCK PRINTING

Our block printing section allows us to experiment with traditional prints and create smaller print runs.

SURFACE EMBELLISHMENT

We employ craftspeople who are skilled at a wide range of surface embellishment work -beadwork, zardozi, hand knotting, stonework, and sequin work. We also continue to experiment with newer techniques from time to time.

HAND EMBROIDERY

We produce hand-embroidered products with experienced craftspeople working with Kantha, Chicken work, Chain, Hand quilting, Aari, and many other techniques.

MACHINE EMBROIDERY

Our expert craftsmen can produce intricate designs with a number of different stitches, techniques, and materials. We have Chicken & Aari (crewel) embroidery machines and use wool, cotton, or silk thread.

APPLIQUE & PATCHWORK

Our unique patchwork are bright, colorful, and sophisticated. They are created using a range of techniques and fabrics by our skilled artisans.

PRODUCTION

Operating out of production units at NOIDA (India), we have streamlined the production process to minimize overheads, maximize output, and focus on quality. Our factories are equipped with the latest machinery to suit our customers’ needs.

QUALITY ASSURANCE

Our Quality Assurance team is independent of the production department. We inspect all fabric and accessories at the Greige, dyed, and printed stages and have stringent final checking standards to ensure that finished products going to our customers are of the highest standard.

FINISHING

Washing – Industrial washing machines, Hydro extractors, and drying tumblers ensure that products are washed to the highest international standards.

Ironing – Steam Irons with vacuum tables to give the best finish possible.

Finishing & Packing – Every piece is checked and packed to provide the best quality.

YOU CARE

Our YOU CARE project is a conscious undertaking and unique range where we transform every bit of our stunning prints into beautiful products, respecting our craft people’s efforts and our earth. We try to upcycle all our fabric waste using innovative and green solutions. We create recyclable products, use excess fabric to create assorted pieces of great aesthetic and economic value, and are committed to the use of natural fibers alone to strive for a more sustainable future.