BUSINESSNEXT (parent company of CRMNEXT), a universe of composable enterprise solutions for banks and financial services, is thrilled to announce that it has won the “2024 Best Perks & Benefits Award” from Comparably, a workplace culture, and corporate brand reputation platform.
With this, BUSINESSNEXT becomes the only Indian-origin company that has secured a spot among the top 150 global firms celebrated for employee satisfaction.
2024 Best Perks & Benefits Award Badge by Comparably, recognizing BUSINESSNEXT’s commitment to employee satisfaction, well-being, and an exceptional workplace culture
This award is based on anonymous employee feedback from Comparably.com, evaluating the companys performance in the workplace, benefits, and wellness. Comparably determines awards using feedback collected over 12 months, with the final dataset comprising 15 million ratings from 70,000 companies.
Lipika Mohanty, Director of People and Development at BUSINESSNEXT
The recognition and award highlight BUSINESSNEXT’s commitment to fostering a supportive and enriching work environment and celebrates its comprehensive offerings that contribute to employee satisfaction, well-being, and an unparalleled workplace culture. From competitive benefits to unique perks, the company’s focus on employee-centric policies has helped it stand out in the industry.
Lipika Mohanty, Director of People and Development at BUSINESSNEXT, stated, “BUSINESSNEXT is truly honored to receive the prestigious Best Perks & Benefits award.”
“This recognition, based on employee surveys, reflects our continued dedication to ensuring our employees thrive both personally and professionally, and it reinforces the culture of care we strive to maintain every day. The 2024 Best Perks & Benefits Award from Comparably further emphasizes BUSINESSNEXT’s position as a leading employer, and showcases our value of “We Care” as well as our continued commitment to employee well-being,” added Mohanty.
About BUSINESSNEXT
BUSINESSNEXT offers composable enterprise solutions focused on global banks and financial services. Recognized as a leader by Forrester, it uses AI and ML-driven cloud platforms-CRMNEXT, CUSTOMERNEXT, DATANEXT & WORKNEXT-to enable digital transformation. Its modular hyper SaaS modular solutions provide seamless integration and plug-and-play capabilities. Serving over 1 million users across 65,000 branches and call centers, BUSINESSNEXT manages 1 billion customers worldwide. With headquarters in Raleigh, USA, and Noida, India, the company operates in 14 countries across 5 continents.
Cycle Pure Agarbathi, Indias leading agarbathi manufacturer, recently honored forest watchers and guards for their exceptional contributions to the protection of Indias forests and wildlife at the 12th Annual Wildlife Service Awards. The event took place on September 21, 2024, at M Chinnaswamy Stadium in Bengaluru, marking the conclusion of the 12th edition of the KSCA Tiger Cup 2024. The cricket tournament, which ran from April 22 to May 13, 2024, in Bengaluru, was part of the broader initiative, Cricketers for Conservation. This Public Trust organization, founded by former Indian cricket legends Sandeep Patil, Yusuf Pathan, and Harbhajan Singh, is dedicated to wildlife conservation efforts across India.
Cycle Pure Agarbathi honoured four forest soldiers from Karnataka, Kerala and Tamil Nadu, for their unwavering commitment in protecting Indias forests and wildlife
Four dedicated forest soldiers 2 from Karnataka, 1 from Tamil Nadu, and 1 from Kerala were recognized for their unwavering commitment to protecting Indias forests and wildlife.Venkatesh, Forest Watcher from Bhadra Tiger Reserve (Karnataka), Raghavendra Gouda, Forest Guard from Kali Tiger Reserve (Karnataka), A Arun Kumar, Guard from Coimbatore Wildlife Division (Tamil Nadu), and Sabu George, Forest Watcher from Periyar Tiger Reserve (Kerala), were each awarded a cash prize of Rs. 1,00,000 in honor of their tireless efforts. Additionally, M N Jayachandran from Kerala and Sudhir Shetty from Karnataka were honored for their remarkable work in elephant conservation across Southern India’s forests. The event was graced by Former India Cricket Captain, Padma Shri, and Arjuna Awardee, G. R. Viswanath and Mr. Kiran Ranga, Director, N Ranga Rao & Sons, felicitating the forest heroes for their extraordinary dedication.
Former India Cricket Captain, Padma Shri, and Arjuna Awardee, G. R. Viswanathsaid, “I am elated to be a part of this event, and have the opportunity to honour our forest soldiers for their tireless work in preserving wildlife and the forests. Their endless commitment is crucial in preserving our rich biodiversity, and I am proud to stand with them in this important mission.”
Speaking at the event,Mr. Kiran Ranga, Director, N Ranga Rao & Sons,said, “It is an honor to recognize the dedicated forest soldiers from Karnataka,Tamil Nadu and Kerala, for their unwavering commitment to conserving our wildlife and forests. At NR Group, we believe in the power of recognizing those who tirelessly work to protect our natural heritage, and the award shines a spotlight on the dedication of our forest guards and watchers. Their dedication to preserving Indias rich biodiversity is truly commendable.”
Mr. Joseph Hoover, Cricket Coachsaid, “Just like in cricket, where every players effort counts toward the teams success, the unwavering dedication of our forest soldiers is crucial to preserving Indias natural heritage. Their tireless work behind the scenes ensures the protection of our wildlife and ecosystems, reminding us all of the importance of teamwork and commitment, both on and off the field. They inspire us to safeguard the environment with the same passion and perseverance.”
Cycle Pure Agarbathi played a crucial role in the 12th edition of the Tiger Cup 2024, a tournament designed to foster young cricketing talent and promote the sport in the region. Teams from Hubli, Mysore, and Kerala participated in the prestigious competition, which featured under-12, under-14, and under-16 categories, with over 900 players from across India showcasing their skills. Beyond cricket, the tournament also raised significant awareness about the unsung heroes-forest guards and watchers-working tirelessly to safeguard India’s forests and wildlife, linking sports and conservation for a meaningful cause.
About NRRS
The Mysuru-based NRRS was founded by Shri N. Ranga Rao in 1948. A true visionary and philanthropist, Shri Ranga Rao created the ubiquitous Cycle Pure Agarbathi which has, today, become the largest selling incense stick brand in the world. From a home-grown enterprise, NR Group has evolved into a successfully run business conglomerate with an established presence in India and abroad. The Group has diversified into various business categories like functional air care products (Lia brand of room fresheners and car fresheners), wellness home fragrance products (IRIS) under Ripple Fragrances, floral extracts (NESSO), and Rangsons Technologies. Today, it is truly an Agarbathi to Aerospace conglomerate as it is also involved in making parts for defence helicopters. The organization has largely committed towards social responsibilities and fulfills them, through its charity arm ‘NR Foundation’.
NR Group today is managed by the third generation of the Ranga family. For more information on NR Group, please visit www.nrgroup.co.in.
Anant Raj Cloud, a wholly owned subsidiary of Anant Raj Limited is proud to announce its recognition as the winner of the ‘Best Innovation in Data Center Design and Infrastructure‘ at the Data Center Innovation Excellence Awards 2024, organised by Express Computer, Indian Express. The award ceremony was part of the Data Center & Infrastructure Summit 2024, held at Hotel Le Meridian, Hyderabad, on September 20, 2024.
Anant Raj Clouds team receiving the award
The prestigious award highlights Anant Rajs cutting-edge approach to Data Center infrastructure, solidifying its leadership in a rapidly growing market. Express Computer, one of India’s most respected IT media brands, organizes the annual awards, acknowledging excellence in Data Center innovation and infrastructure development across the country.
In response to receiving the award, Mr. Ashim Sarin, Director & Chief Operating Officer, Anant Raj Limited remarked, “We would like to thank the Indian Express Group for this recognition and for valuing our efforts in designing world-class Data Centers in India.”
He further stated that, “India is rapidly emerging as one of the fastest-growing Data Center markets in the APAC region, ranked among the top 15 globally. With increased digital transformation, cloud adoption, and the rise of 5G, IoT, and fintech, demand for Data Centers is expected to grow significantly in the next five years.
The Indian Data Center market is projected to expand at a CAGR of 18% from 2024 to 2029, with colocation revenue expected to reach USD 4.6 billion by 2029. Despite consuming 30% of the worlds data, India currently has only 3% of the global Data Center capacity, indicating strong future demand.”
To capitalize on this robust growth, Anant Raj Limited through its wholly owned subsidiary “Anant Raj Cloud” is investing over Rs. 10,000 crore to develop 307 MW of Data Center capacity across its facilities in Manesar, Rai, and Panchkula. Of this, 6 MW is already operational, with plans to complete 28 MW of IT load by the end of FY25.
In addition, Anant Raj is preparing to launch its own Cloud Services platform, “Ashok Cloud”, in association with Orange Business, to cater to the growing demand for data storage within the GCC (Government Community Cloud) space, further demonstrating the company’s forward-looking vision.
The award from Express Computer reinforces Anant Raj Limited’s innovative approach and deep commitment to building sustainable, scalable, and secure data infrastructure.
Bhumika Group, a prominent name in the real estate sector, conducted the foundation stone laying ceremony for its highly anticipated Customer Experience Center at Bhumika Realty Site in Sector 27/A, Faridabad. The event, titled “Pragati ki Neev,” marked the beginning of a new chapter for the group, which aims to enhance customer engagement and deliver superior real estate experiences.
Bhumika Group Hosts “Pragati ki Neev”, Lays Foundation Stone for New Customer Experience Center in Faridabad
The ceremony saw an overwhelming response with the presence of esteemed personalities like Jayant Advani, Son of Shri Lal Krishna Advani – Former Deputy Prime Minister of India, and other distinguished guests and industry leaders. Attendees were treated to a series of festivities, including live musical performances, a kids gaming zone, selfie booths, and vibrant Navaratri-themed decor, followed by a delicious lunch.
Expressing his thoughts about the ceremony, Uddhav Poddar, CMD, Bhumika Group, said, “It was exciting to see the presence of eminent guests who added to the auspiciousness of the ceremony. The foundation of this Customer Experience Center is not just the start of a new building but the beginning of a new era in how we engage with our customers. We look forward to creating a space that exemplifies our dedication to curating spaces that touch lives.”
Siddharth Katyal, CEO, Bhumika Group, added, “Today’s ceremony symbolizes our focus on progress and innovation. This Center will serve as a dynamic hub where our clients can immerse themselves in the essence of Bhumika Realty’s vision and projects.”
The Customer Experience Centre aligns with Bhumika Group’s 60 years of trust and excellence in the real estate sector. With a commitment to offering the finest commercial & retail experience at strategic locations in the country, Bhumika Group continues to redefine real estate in India, building sustainable and modern spaces that cater to evolving lifestyle needs.
Looking to indulge in delicious and innovative desserts this festive season from the comfort of your home Pagariya Foods has you covered with the launch of the world’s first Chocolate Gulab Jamun Mix! Bringing real innovation to the dessert category, this exciting new product is set to delight the tastebuds of both children and adults alike. Kwality, already known for its popular regular Gulab Jamun mix, is breaking new ground by introducing chocolate-a universally loved flavor-into this traditional Indian dessert.
Worlds First Chocolate Gulab Jamun Mix from Kwality
“We are proud to introduce the world’s first Chocolate Gulab Jamun Mix, designed to cater to sweet lovers of all ages,” said Mr. Dheeraj Jain, Director of Pagariya Foods, during the launch. “The Gulab Jamun category has seen little innovation over the years, and we wanted to bring something fresh and exciting to the market. Chocolate as a flavor has a universal appeal, and we believe this will be a big hit for families during festivals and celebrations.”
Easy to Make, Easy to Love
The Chocolate Gulab Jamun Pre-Mix is incredibly easy to use. Just add water, knead the mixture, roll it into small balls, fry them, and immerse them in sugar syrup to serve hot! It’s a quick and hassle-free way to make a unique and flavorful twist on a traditional favorite.
Great Value Offer
To make the deal even sweeter, the Chocolate Gulab Jamun Pre-Mix is priced at just Rs. 145 for 125gms, and it comes with a special Buy 1 Get 1 Free offer. One pack can make up to 25 delicious Chocolate Gulab Jamuns-perfect for festive gatherings!
The product is now available across Karnataka, Tamil Nadu, Andhra Pradesh, Telangana, and Kerala. It can also be conveniently purchased online via major e-commerce and quick commerce platforms, as well as through leading modern trade chains.
Innovating Tradition
“Festivals are a time for joy, and we aim to make them even more special by offering innovative and easy-to-make recipes for families, parties, and get-togethers,” added Mr. Dheeraj Jain. “As a company that has always focused on delivering relevant, great-tasting, and innovative products, the launch of the Chocolate Gulab Jamun Mix is a natural progression for us. With our extensive range of cereals, masalas, and instant mixes, this new product perfectly complements our portfolio.”
A Legacy of Quality
Mr. Naresh Pagariya, Managing Director of Pagariya Foods, reflected on the companys journey since 1998. “From humble beginnings, we have grown into a trusted name in the food industry, both in India and internationally. Our commitment to quality, taste, and safety has allowed us to serve customers in over 36 countries, including the USA, UAE, Saudi Arabia, Australia, and beyond. With our state-of-the-art facility near Bengaluru, which holds international food safety certifications, we continue to innovate and expand.“
Commitment to CSR
In line with its values, Pagariya Foods is committed to giving back to the community. The company supports the education fees of factory workers children and provides insurance policies for employees and their families, further demonstrating its commitment to social responsibility.
The highly anticipated Better Kitchen Awards & Convention 2024 concluded with resounding success, bringing together over 200 of India’s finest professionals in the culinary, kitchen, and hospitality sectors. Held at the Novotel Mumbai International Airport, the event honored individuals, restaurants, commercial kitchens, and organizations from the HoReCa products sector for their exceptional contributions, setting new benchmarks for innovation, leadership, and best practices.
Better Kitchen Awards 2024 winners and the unveiling of the Chefs Coffee Table Book, celebrating culinary excellence and innovation
The Better Kitchen Awards have firmly established themselves as a hallmark of excellence, recognizing remarkable achievements across a diverse range of categories, including culinary innovation, procurement excellence, sustainable practices, and leadership. The awards spotlight the trailblazing efforts that are shaping the future of India’s kitchen and hospitality industries.
Ekkta Bhargava, Publisher of Better Kitchen and organizer of the event, expressed her enthusiasm, “These awards are a testament to the immense talent, innovation, and dedication within the kitchen and hospitality sectors. The Better Kitchen Awards have become a beacon of recognition, honoring those who not only excel in their fields but also set new standards of excellence and creativity in culinary arts, commercial kitchens, HoReCa products, and beyond.”
This years event went beyond an awards ceremony, offering a platform for insightful discussions and learning. The convention featured an impressive lineup of industry leaders, keynote speakers, and expert panels addressing critical topics such as the shortage of talent and the quality of hospitality education in India, transforming kitchens for profitability and performance, sustainability behind the bar, responsible sourcing practices, and The Art of Food & Personal Portrait Photography for Hospitality. Workshops led by renowned culinary figures such as Chef Abhijit Saha, Chef Saby, and Chef Vikas Chawla further explored emerging trends and opportunities within the culinary and hospitality landscape.
In a special moment during the celebration, Better Kitchen proudly unveiled its highly anticipated Chefs Coffee Table Book. This special edition, marking Better Kitchens 9th anniversary, celebrates the evolution of Indian cuisine and chefs, featuring profiles and signature recipes from renowned Indian chefs. The book highlights the growing global recognition of Indian culinary traditions and their increasing influence on the international stage.
The convention also provided invaluable networking opportunities, enabling attendees to connect with industry peers, exchange insights, and explore collaborations for the future.
The evening culminated in a grand awards ceremony, where individuals, restaurants, and organizations were honored for their exceptional achievements. These awardees have set new benchmarks and demonstrated the passion and innovation necessary to propel the industry forward.
The awardees for the Better Kitchen Awards 2024 are as follows:
Kitchen Consultants
Kitchen Consultant of South India – Subroto Goswami
Kitchen Consultant for Concept-Based Restaurant – Ritesh Tulsian
Excellence in Integrating Style and Function (Kitchen Consultant) – Nimish Bhatia
Kitchen Consultant (Bakery) – Ram Prakash Sharma
F&B Consultant – Amit Puri
Food & Beverage
F&B Manager South India – Ashish Dayal, The Park – Hyderabad
F&B Manager West India – Aniket Deshpande, Aurika Mumbai
Innovative Sommelier – Rachit Sharma
Bartender Mentor of the Year – Ajinkya Chaughule
Restaurants
Local Cuisine Restaurant – Bambai
Theme-Based Restaurant – Tat
Innovative Veg Restaurant of India – Avatara Restaurant
Fine Dine Restaurant South India – Aish The Park Hyderabad
Regional Cuisine Restaurant – Mulk
HoReCa Product
Bombay Engineering Co.
Brand Managers
Brand Manager of the Year – Shivdas Nair
Brand Manager (Cafe) – Roshni Sharma
Restaurant Branding Consultant – Dianne Mendonca
Purchase Manager
Purchase Manager of the year – Santosh Doiphode, Mad Over Donuts
Chefs
Sous Chef North India – Vikram Shokeen, Le Meridian – New Delhi
Excellence in Guest Experience & Hospitality – Tushar Malkani, The Yellow House – IHCL SeleQtion Goa
Promoter of Indian Cuisines – Mohammed Shareef, ITC Grand Central – Mumbai
Executive Chef of West India – Narasinh Kamath, Hilton – Goa
Executive Chef of North India – Sahil Arora, Hyatt – Dehradun
Executive Chef of Central India – Jeevan Singh, Jehan Numa Palace – Bhopal
Executive Chef of South India – Kedar Bobde, Grand Hyatt – Kochi
Pastry Chef of West India – Dinesh Khandare, Jio World
Innovative Pastry Chef of India – Vivek Chauhan, Le Meridian – New Delhi
Fusion Chef – Roshan Tadadikar, Novotel Mumbai International Airport
Mexican Cuisine Chef of India – Vikas Seth, Embassy Leisure and Entertainment – Bengaluru
South Asian Cuisine Chef of India – Suresh Kanna G, Chennai
Thai Cuisine Chef – Thomthong Sungkaha, Taj Holiday Village Resort & Spa Goa
Maharashtrian Cuisine Chef – Nilesh Limaye, Celebrity Chef
Jharkhandi Cuisine Chef – Nishant Choubey, Celebrity Chef
Executive Chef – Stand-Alone Restaurant – Parikshit Joshi, The Park – Navi Mumbai
Executive Chef – Boutique Hotel – Pandari Satya Narayana, The Park Hyderabad
Distinguished Executive Chef – Abhijeet Anil Thakre, Vivanta New Delhi
Distinguished Cruise Executive Chef – Jai Kumar Bhasin
Distinguish Executive Chef Banquet – Rajani Ranjan Rashmi, Sahara Star – Mumbai
2 faculty members got the 2nd rank in India among AI & Image Processing and Food Science fields
This year’s number is increased from 22 to 34
Lovely Professional University (LPU) continues to make strides in the global academic arena, as 34 of its faculty members have been recognised among the world’s top 2% scientists by Stanford University, USA. This number shows a significant increase from last year’s 22 faculty members. 2 faculty members got the 2nd rank in India among AI and Image Processing & Food Processing fields. This prestigious recognition, featured in a global list compiled by Stanford, highlights the most influential researchers worldwide, acknowledging their contributions to the field of research.
Lovely Professional University
Expressing immense gratitude for this achievement of faculty members, LPU’s Founder Chancellor & Member of Parliament (Rajya Sabha), Dr Ashok Kumar Mittal, congratulated all faculty members who have been featured as top scientists in their respective fields worldwide. Mr. Mittal emphasised that this achievement highlights the exceptional research work being carried out by the institution, reflecting its commitment to impactful research.
The recognized faculty members have excelled in varied domains such as medicinal and biomolecular chemistry, artificial intelligence and image processing, pharmacology and pharmacy, materials science, and others.
The honoured faculty members represent LPU’s commitment to advancing scientific innovation across 17 diverse research fields. In the area of Materials Science, three faculty members have been recognised for their contributions to understanding and developing new materials. With the rising significance of artificial intelligence and image processing, two LPU researchers were commended for their work in these cutting-edge fields.
The recognition also extends to the field of Energy, with one faculty member making important advancements in sustainable energy solutions. Two researchers were acknowledged for their work in environmental sciences, contributing to the global efforts in climate change and sustainability. In Networking and Telecommunications, four LPU faculty members were included for their expertise in revolutionising communication technologies.
Pharmacology and Pharmacy, vital to healthcare and drug development, saw four LPU’s scientists among the recognized. The fields of medicinal and biomolecular chemistry and biotechnology, three and one, respectively were also well represented with contributions.
Additionally, recognition in areas such as Applied Physics (04), General Physics (03), and Mechanical Engineering & Transport (02), Industrial Engineering and Automation (1), Organic Chemistry (1), Optoelectronics and Photonics (1), Neurology & Neurosurgery (1) and Agronomy & Agriculture (1) reflect LPU’s strengths in engineering, pharmacy, sciences, and environments. This recognition underscores LPU’s commitment to fostering a strong research culture and contributing significantly to global scientific advancements.
The subject-specific bibliometric evaluation was undertaken by a team comprising scientists from Stanford University and Elsevier BV, a prominent scientific publisher. This comprehensive list, meticulously developed through the analysis of scientific research metrics like the H-index, citations, and other performance indicators, celebrates the excellence of scientists who have made noteworthy strides in their respective domains.
BUSINESSNEXT, a leader in composable enterprise solutions for banks and financial services, has received the “Best Employer for Women” Award at the 5th Diversity & Inclusion Excellence Awards and Conclave-2024 organized by Assocham in New Delhi.
The award recognizes the company’s unwavering commitment to empowering women and fostering an inclusive, equitable workplace.
Lipika Mohanty, Director of People and Development at BUSINESSNEXT, and her team while receiving the award
Promoting ‘Women Empowerment’ is at the core of BUSINESSNEXT’s mission.
The company has notably implemented various measures aimed at supporting its female workforce and creating an environment where they can thrive. Initiatives such as flexible work arrangements, leadership development programs, strong support for women returning after maternity leave have contributed to building a supportive and inclusive environment, and employee wellness initiatives that address multiple aspects of well-being, helped the company secure the 2nd runner-up trophy.
Building on this accolade, the company is taking its commitment to gender equality to new heights. Currently, 20% of leadership roles at BUSINESSNEXT are held by women directly reporting to the CEO, a number that the company plans to grow as part of its broader strategy to create an inclusive and thriving workplace.
“This award is not just an honor; it is a testament to dedication and commitment to championing gender diversity and empowering women at BUSINESSNEXT,” said Lipika Mohanty, Director of People and Development at BUSINESSNEXT.
While sharing her excitement, she further added, “Our recognition as the “best employer for women” is not just a milestone, It is woven into the very fabric of our core values and is a fundamental part of our organisational DNA. We believe that a diverse and inclusive workplace drives, innovation and success. Our strategic focus on inclusive leadership and career advancement for women will guide us as we set new benchmark for workplace equality in the years to come. With this recognition, we are excited to expand our initiatives and further integrate the principles of inclusivity and equity into our everyday practises.”
Over the years, BUSINESSNEXT has continuously strengthened its commitment to promoting diversity and inclusion. In 2023, it was honored with the “Best Organization for Women” award by The Economic Times. Additionally, cultivating an inclusive workplace has earned it the title of ‘Most Preferred Workplace‘ for two consecutive years (2023-2024 and 2024-2025) by India Today in collaboration with Marksmen Daily.
About BUSINESSNEXT
BUSINESSNEXT offers composable enterprise solutions focused on global banks and financial services. Recognized as a leader by Forrester, it uses AI and ML-driven cloud platforms-CRMNEXT, CUSTOMERNEXT, DATANEXT & WORKNEXT-to enable digital transformation. Its modular hyper SaaS modular solutions provide seamless integration and plug-and-play capabilities. Serving over 1 million users across 65,000 branches and call centers, BUSINESSNEXT manages 1 billion customers worldwide. With headquarters in Raleigh, USA, and Noida, India, the company operates in 14 countries across 5 continents.
Aditya Birla Housing Finance (ABHFL), a fully owned subsidiary of Aditya Birla Capital Limited, India’s leading diversified financial services company, announced a strategic partnership with BharatPe, a renowned Indian fintech company to facilitate access to home loans and loan against property for merchant partners.
Mr. Pankaj Gadgil, MD & CEO, Aditya Birla Housing Finance
ABHFL is the first housing finance company to partner with BharatPe, offering streamlined access to secured lending through advanced digital solutions, significantly enhancing the user experience. This collaboration enables ABHFL to offer Home Loans (HL) and Loans Against Property (LAP) to over 1. 3 crore merchants of BharatPe across 450+ cities, with a strong focus on Tier 2 and 3 markets.
Backed by ABHFL’s financial expertise and BharatPe’s vast network, the partnership aims to provide seamless access to customized financing solutions for both, existing as well as new merchants.
Merchants can initiate loan applications directly through the BharatPe app, and avail benefits like faster processing, enhanced transparency, and real-time updates. The partnership is poised to deliver region-specific, innovative financing solutions tailored to meet the unique needs of BharatPe’s diverse merchant base.
Mr. Pankaj Gadgil, MD & CEO, Aditya Birla Housing Finance Ltd., said, “At Aditya Birla Housing Finance, with customer at the heart of everything that we do, it is our constant endeavour to align our solutions with the evolving digital needs of our customers. This partnership with BharatPe enables us to expand our digital footprint while offering customised region-specific financial solutions to their vast digital ecosystem. It will empower a larger segment of the population to achieve their homeownership dreams with greater ease and efficiency. This initiative underscores our commitment to providing a happy home loan experience and strengthens our role as industry innovators to make homeownership achievable for a wider range of individuals.”
Mr. Nalin Negi, CEO, BharatPe, said, “In August this year, we ventured into secured loans with the launch of Two-wheeler loans and Loans Against Mutual Funds, offered in partnership with renowned financial services companies. I am excited about our partnership with Aditya Birla Housing Finance that enables us to offer 2 new types of secured loans- Home Loans and Loans Against Property. I am confident that with this partnership, we will be able to add a new dimension to our existing association with our merchants. This partnership will enable us to offer region- specific, digital first secured credit solutions to the merchants of Bharat. These categories of loans will also play a vital role in enhancing our engagement with our merchant partners, as we will be able to help them with credit for their big-ticket or once in a lifetime purchases. We stay committed to empower offline merchants across the country with our wide range of offerings and will continue to innovate to add new and relevant fintech products for the merchants and consumers across the country.“
ABHFL will cater to the diverse needs of BharatPes vast merchant network by offering innovative, customised financing solutions designed to meet the specific requirements of different regions across India. This signifies a new milestone in ABHFLs dedication to broadening its digital presence and offering innovative financial solutions to a wider audience.
About Aditya Birla Housing Finance Limited
Aditya Birla Housing Finance Limited (“ABHFL“), a subsidiary of Aditya Birla Capital Limited is a fast-growing housing finance company (“HFC”) in India. ABHFL is registered with the National Housing Board (NHB) as a non-deposit accepting housing finance company and commenced operations in October 2014.
As of June 30, 2024, ABHFL manages assets under management of over Rs. 20,399 Crore and has significantly expanded its footprint to 138 branches. The company holds a long-term credit rating of AAA (stable) and short-term credit rating of A1+ from Crisil, ICRA and India Ratings.
About Aditya Birla Capital Limited
Aditya Birla Capital Limited (“ABCL“) is the holding company for the financial services businesses of the Aditya Birla Group. Through its subsidiaries/JVs, ABCL provides a comprehensive suite of financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse needs of customers across their lifecycle. Powered by over 50,000 employees, the businesses of ABCL have a nationwide reach with over 1,505 branches and more than 200,000 agents/channel partners along with several bank partners.
As of June 30, 2024, Aditya Birla Capital Limited manages aggregate assets under management of Rs. 4.63 Lakh Crore with a consolidated lending book of Rs 1.27 Lakh Crore through its subsidiaries/JVs.
Aditya Birla Capital Limited is a part of the US$66 billion global conglomerate Aditya Birla Group, which is in the league of Fortune 500. Anchored by an extraordinary force of over 187,000 employees belonging to 100 nationalities, the Group is built on a strong foundation of stakeholder value creation. With over seven decades of responsible business practices, the Group’s businesses have grown into global powerhouses in a wide range of sectors – from metals to cement, fashion to financial services and textiles to trading. Today, over 50% of the Group’s revenues flow from overseas operations that span over 40 countries in North and South America, Africa, Asia, and Europe.
About BharatPe Group
BharatPe (brand name of Resilient Innovations Pvt Ltd) was founded in 2018 to make financial inclusion a reality for Indian merchants. In 2018, launched India’s first UPI interoperable QR code, the first zero MDR payment acceptance service. In 2020, post-Covid, BharatPe also launched a card acceptance terminal – BharatPe Swipe. Currently with a registered network of over 1.3 crore merchants across 450+ cities, the company is one of the leading players in UPI offline transactions, processing 450 million+ UPI transactions per month. BharatPe processes payments of annualized Transaction Processed Value of over Rs. 1.7 Lac Crores. BharatPe Money (brand name of Resilient Digi Services Private Limited), a BharatPe Group Company, has already facilitated the disbursement of loans of over Rs. 18,000 crores, in partnership with NBFCs. BharatPe’s POS business processes payments of over Rs. 29,000 crores annually on its machines. BharatPe has raised over US$ 583 million in equity till date. The company’s list of marquee investors includes Peak XV Partners (formerly known as Sequoia Capital India), Ribbit Capital, Insight Partners, Amplo, Beenext, Coatue Management, Dragoneer Investment Group, Steadfast Capital, Steadview Capital and Tiger Global. In June 2021, the company announced the acquisition of PAYBACK India (Rebranded to Zillion), the country’s largest multi-brand loyalty program company with 100 million+ members. In October 2021, the consortium of Centrum Financial Services Limited (Centrum) and BharatPe, was issued a Small Finance Bank (SFB) license by the Reserve Bank of India (RBI). BharatPe also entered the consumer fintech segment with the launch of postpe in October 2021. In August 2024, the company rebranded postpe app to BharatPe and ventured in the consumer payments space with the launch of its UPI TPAP. In January 2023, Resilient Payments Pvt Ltd, a BharatPe Group Company, received an in-principle nod from the Reserve Bank of India (RBI) to operate as an online payment aggregator. In April 2023, BharatPe acquired is also a promoter in Trillionloans, a renowned NBFC (Non- Banking Financial Company) registered with RBI.
Gold has indisputably earned its place in every Indian household, not only for its cultural significance but also for its role as a financial lifeline. When the need for funds arises, a gold loan can be a quick and convenient solution. For borrowers, the gold loan journey becomes even easier with a gold loan calculator, which estimates the loan amount based on the value of their gold jewellery.
Bajaj Finserv Gold Loan
Why gold loans are ideal for raising emergency funds
Gold loans are perfect for individuals who need quick funds. Since one need not sell their beloved jewellery and gold assets, this makes for a perfect instant solution. Whether it’s for medical emergencies, business investments, or education, a gold loan can bridge the gap effortlessly.
What is a gold loan calculator
A gold loan calculator is a simple tool that helps borrowers estimate the loan amount they can get by pledging their gold jewellery. Based on the weight and purity of the gold, this calculator gives an estimate of the amount they can borrow. Many lenders, including Bajaj Finance, offer easy-to-use gold loan calculators online. This tool is crucial for anyone considering a gold loan, making it easier for borrowers to plan.
Using a gold loan calculator offers several benefits:
Quick estimates: Borrowers receive an instant estimate of the loan amount based on their gold’s value.
Better financial planning: The calculator assists in planning loan repayment by providing an estimate of interest payable and tenure options.
Convenience: The tool is available online 24/7, allowing borrowers to check their eligibility at any time.
How does a gold loan calculator work
The gold loan calculator takes into account several factors, including:
The total weight of the borrower’s gold jewellery, excluding stones or other metals.
Purity of gold
Current market rate
After entering these details, the gold loan calculator provides an estimated loan amount that the borrower can get. It may sound cumbersome, but Bajaj Finance’s gold loan calculator is particularly user-friendly, offering borrowers an instant result in just a few steps.
Now that an individual has estimated the loan amount choosing the right lender is the next important step. Bajaj Finance offers a gold loan product that not only provides quick disbursements but also comes with a host of other benefits.
Here’s why the Bajaj Finserv Gold Loan stands out:
Loan of up to Rs. 2 crores: Borrowers can avail of a gold loan starting from Rs. 5,000 up to Rs. 2 crores, depending on their needs. This flexibility ensures that both small and large financial needs are covered.
Easy application process: Borrowers can apply for a gold loan online through the Bajaj Finserv App, and a representative will assist them in completing the application process when they visit the nearest branch.
Part-release facility: Bajaj Finserv offers a part-release facility, allowing borrowers to repay a portion of their loan and retrieve part of their gold jewellery even before the end of the loan tenure. This is ideal for those who might want to recover some of their assets early.
Transparent evaluation: The lender uses the latest karat meters across all branches, ensuring a fair evaluation of the gold, so borrowers get the highest value for their jewellery.
Free insurance of gold: Bajaj Finserv provides free insurance for gold jewellery while it is in their custody, protecting borrowers from theft or misplacement.
Convenient repayment options: With multiple repayment options, borrowers can choose to pay interest monthly, bi-monthly, quarterly, half-yearly, or annually, depending on their financial situation.
Whether its for emergencies, business, or personal expenses, gold loans offer a seamless way to access funds. Bajaj Finserv Gold Loan, combined with its transparent evaluation, free insurance, and part-release facility, makes the borrowing experience hassle-free.
*Terms and conditions apply.
About Bajaj Finance Limited
Bajaj Finance Ltd. (‘BFL’, ‘Bajaj Finance’, or ‘the Company’), a subsidiary of Bajaj Finserv Ltd., is a deposit taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and is classified as an NBFC-Investment and Credit Company (NBFC-ICC). BFL is engaged in the business of lending and acceptance of deposits. It has a diversified lending portfolio across retail, SMEs, and commercial customers with significant presence in both urban and rural India. It accepts public and corporate deposits and offers a variety of financial services products to its customers. BFL, a thirty-five-year-old enterprise, has now become a leading player in the NBFC sector in India and on a consolidated basis, it has a franchise of 80.41 million customers. Bajaj Finance has a credit rating of AAA/Stable for its Fixed Deposit program from CRISIL and ICRA, AAA/Stable for long-term borrowing from CRISIL, India Ratings, CARE and ICRA, and A1+ for short-term borrowing from CRISIL, India Ratings and ICRA. It has a long-term issuer credit rating of BBB-/Stable and a short-term rating of A-3 by S&P Global ratings.
