Bengaluru, 14th July 2025: ACCA (the Association of Chartered Certified Accountants), a globally recognised professional accountancy body, and the prestigious management institution, the Indian Institute of Management Nagpur (IIM Nagpur), today announced the signing of a Memorandum of Understanding (MoU) to enhance educational opportunities in the field of accounting and finance. The signing was officiated by Prabhanshu Mittal, ACCA’s Head of Educational Partner Relationships – India and Prof. Bhimaraya Metri, Director at IIM Nagpur.

This collaboration aims to enrich educational opportunities in the field of accountancy by providing students with a globally recognised qualification and fostering excellence in academic and professional development. ACCA, a distinguished global professional accountancy body, and IIM Nagpur, renowned for its academic excellence, are set to transform the learning experience for aspiring finance professionals.

As a part of this MoU, both bodies will collaborate to facilitate academic collaboration through joint academic programs, workshops, and seminars. Additionally, ACCA will also implement joint initiatives for professional development, including train the trainer and faculty development sessions. Furthermore, ACCA will work together with the institute to cultivate a culture of innovation and research in the field of accounting and finance, contributing to the advancements in the profession.

This partnership reaffirms the shared vision of ACCA and IIM Nagpur to drive innovation and excellence in finance and accountancy education, empowering future professionals to thrive in a rapidly evolving global landscape.

On occasion of the MoU signing Md. Sajid Khan, Director- India at ACCA, said, ‘We are dedicated to developing the next generation of Indian accounting and finance professionals. This exciting collaboration with IIM Nagpur – a prestigious institution known for its commitment to academic excellence – reinforces our joint ambition to create finance professionals who are not only proficient in their field but also equipped to drive innovation and progress in the Indian and global financial landscape.’

Prof. Bhimaraya Metri, Director at IIM Nagpur, commented: ‘This partnership with ACCA is a significant step in our mission to nurture socially responsible, globally competent leaders. By collaborating with ACCA, we are expanding opportunities for our students to acquire international exposure and contemporary skills. The MoU aligns seamlessly with IIM Nagpur’s vision of being a future-oriented management institution delivering high-impact knowledge.’

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Mr. Vivek Chaand Sehgal, Chairman, Motherson Sumi Wiring India Ltd., said,

“The company has demonstrated a good performance. Our unwavering commitment to maintaining customers’ trust has been the driving force behind our success. It is through our relentless dedication to pushing the boundaries and delivering exceptional value to our stakeholders that we have been able to consistently deliver such performance. The company remains committed to understanding and staying aligned with industry trends and proactively adapting to the dynamic environment.”

Key Highlights

• Strong Revenue growth YoY is mainly supported by increased volumes and content on account of automotive megatrends.
• Performance remained resilient despite the transitory impact of higher raw material prices and start-up costs mitigated with operational efficiencies.
• Of the two green fields, one plant commenced operations in July 24 and is in the ramp-up phase. The second plant is expected to come on stream by Q1FY26.
• MSWIL is part of India’s top-selling passenger vehicles (EV and ICE) and EV 2W models. The EV revenue grew by 50% year over year.
• Consistent focus on financial prudence; maintaining Debt-Free Status

Financial Performance

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• GROSS ADVANCES INCREASED BY 4% Q-O-Q AND 16% Y-O-Y TO RS. 6,390.52 CRORES
• ADVANCE DISBURSEMENT INCREASES TO RS. 754 CRORES (12% Q-O-Q GROWTH AND 62% Y-O-Y GROWTH)
• ROBUST ASSET QUALITY WITH GNPA/NNPA 2.7%/1.3% (AGAINST 2.8%/1.4% Q4FY24)
• TOTAL DEPOSIT INCREASED BY 4% Q-O-Q TO ₹7,778 WITH CASA RATIO OF 39.5% (AGAINST 38.3% IN Q4FY24) AND RETAIL DEPOSIT SHARE OF 94.5%.
• PAT INCREASED TO RS. 30.02 CRORES (7% Q-O-Q GROWTH)
• NIM INCREASED TO 4.2% (AGAINST 3.8% Q4FY24)
• ROA INCREASED TO 1.3% (AGAINST 1.2% Q4FY24)
• CAPITAL ADEQUACY RATIO AS ON JUNE 30, 2024 IS 26.3% WITH TIER I RATIO OF 22.0%.

 National, July 30, 2024: Capital Small Finance Bank Limited, India’s first small finance bank to commence operation in 2016 announced its un-audited financial results for the quarter ended June 2024.

Mr. Sarvjit Singh Samra, MD & CEO of Capital Small Finance Bank said, “Our growth journey, re-energized with growth capital infusion has started showing upright progress, with growth in gross advances of ~12% and disbursement of ₹1400 crores + + (during last six months, post growth capital infusion).  During the quarter, advances and deposits grown by ~4% Q-o-Q and stood at ₹6,391 crores and ₹ 7,778 crores respectively, with PAT for the quarter of ₹30 crores. The RoA for Q1FY25 is 1.3%.

Advance and deposit growth during the quarter are in line with Bank’s estimate, despite sequential decline in advances historically during Q1. We are confident of growing loan book as initially targeted for the year with ROTA expansion.

The progress is attributed to the dedication of our team, the trust of our valued customers and our commitment to stakeholders. Through tailored financial solutions, we aim to help MSMEs, farmers, and the middle-income group to achieve their financial goals, driving sustainable growth and delivering enduring value to our stakeholders.”

Key Highlights: 

Balance Sheet growth:

• Total Business increases by 13% to Rs. 14,168 crore in Q1-FY’25 from Rs. 12,584 crore in Q1-FY’24
• Gross Advances increases by 4% Q-o-Q and 16% Y-o-Y to Rs. 6,391 crore in Q1-FY’25.
• Deposit increased by 4% Q-o-Q and 10% Y-o-Y to Rs. 7,778 crore in Q1-FY’25.
• CASA is 39.5% in Q1-FY’25 against 38.3% in Q4-FY24
• Total Net Worth stood at Rs. 1,231 crore in Q1 FY-‘25.
• Average CD ratio increased from 78.3% in Q4FY24 to 79.6% in Q1FY25 with outstanding CD ratio of 82.2% as on June 30, 2024.

Profitability Growth:

• Net Interest Income increased by 14 % Q-o-Q to Rs. 99 crore in Q1-FY’25 from Rs. 87 crore in Q4-FY’24.
• Profit after Tax increases to Rs. 30.02 crore from Rs. 28.21 crores in Q4FY24 with Q-O-Q growth of 6%.
• NIM increased to 2% in Q1 FY 25 against 3.8% in Q4 FY24.
• ROA increased to 1.3% in Q1-FY25 against 1.2% in Q4-FY24.

Other Aspects:

• Capital Adequacy Ratio has increased to 26.25% in Q1-FY’25 compared to 20.81% in Q1-FY’24.
• Gross NPA and Net NPA of 2.7% and 1.3% respectively in Q1-FY’25 against 2.8% and 1.4% in Q4FY24.
• Almost NIL write-offs & ZERO NPA Sell-off since inception
• Collection efficiency of 98.6%
• Secured Advance portfolio of 99.80%

 The Bank offers a range of banking products on the asset and liability side. Its asset products primarily include agriculture loans, MSME and trading loans (working capital, machinery loans etc.) and mortgages (housing loans). It targets to be the primary banker to its customers and endeavour to achieve this objective through a mix of (i) suite of our product offerings; (ii) customer service orientation; (iii) deeply entrenched physical branch network; and (iv) evolving digital channels of service delivery.

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Dr. Acharya’sprofessional journey encompasses diverse roles in Power Generation, Transmission, Distribution, and Mining, with notable contributions to Metro Rail Projects.He brings on-board his vast experience and insight into Accounts, Taxation, Project Finance and Fund-raising.

Dr. Acharya is also a Fellow member of the Institute of Cost and Management Accountants and an Associate Member of the Institute of Company Secretaries of India. His educational journey culminated with a Doctorate in Philosophy (Ph.D) from Utkal University, Odisha. He has also participated in a Management Development Programme (Strategic Finance) from IIM, Lucknow.

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The event also witnessed the participation of MD OVL Rajarshi Gupta, ONGC Director (Exploration) Sushma Rawat, Director (Human Resources) Manish Patil, CVO ONGC Ranjan Prakash Thakur, Director (Finance) OVL Anupam Aggarwal, MRPL Director (Finance) Vivek Tongaonkar and senior leadership team of IBM.

The ONGC Shared Finance Services (SFS) for Centralized Vendor Payments, has been developed in collaboration with IBM Consulting. The SFS will serve as a centralized hub for processing vendor invoices, updating vendor master information and promptly addressing vendor queries through digital assistant and ticketing tool that has been deployed by IBM Consulting. The SFS has been created with the goal of establishing uniform standardized processes to enhance operational efficiency and improve the overall vendor experience.

Chairman & CEO ONGC Arun Kumar Singh while inaugurating the facility said, “This is one of the number of vendor-friendly initiatives that ONGC has taken to improve the overall vendor experience. We will continue to take more stakeholder-friendly initiatives by leveraging technology and taking the ease of doing business to the next level. All repetitive transactional jobs would be outsourced so that limited managerial time is freed up for core strategic assignments.”

The SFS adopts a hybrid workforce model, co-locating ONGC and IBM Consulting resources in a harmonized environment to foster growth and operational efficiency with best practices.

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Mumbai, Tuesday, November 28, 2023: With a successful raise of INR 500 crores (USD 60 Mn), Pantomath Financial Services Group announced the closure of maiden close-ended series of India Inflection Opportunity Fund (IIOF). With clear focus on value arbitrage, the Fund intends to harness the opportunity of investing, primarily at a pre-IPO stage in Indian growth stage businesses that are on the verge of big bang breakout.

Launched in April 2022, this Category II Alternate Investment Fund (AIF) is managed by Pantomath Capital Management Private Limited. With this Fund raise, the group now has approximately INR 2500 crores of total Funds under supervision. Besides AIF, the Group has PMS, global advisory and basket investing, suiting to diverse set of investors. Notably, all the investment products clock highest level of returns consistently.

India Inflection Opportunity Fund has received investment participation from domestic sovereign Funds, global and domestic family offices, marquee anchor investors, and high net-worth investors.

IIOF closure comes at a time when India’s economic resilience and its attractiveness as an investment hub are causing a strong influx of IPOs, with a strong pipeline of over $9 billion expected in H2 2024. Compared to most of the other major economies, India stands out distinctly as one of the bright spots in the world today. Owing to the increased interest of investors in primary markets, there is renewed excitement and interest in picking quality pre-IPO businesses.

Commenting on the Fund closure, Ms. Madhu Lunawat, Chief Investment Officer, India Inflection Opportunity Fund, said, “India Inflection Opportunity Fund is focused on under-researched family-owned businesses which are on a rapid-growth trajectory. We would like to focus on huge addressable market opportunity avoiding ventures with negative cash flows and bleeding balance sheets. Our Fund follows an active management approach wherein we provide growth capital as well as strategic support to promising businesses that are significantly making a difference to society and the environment.”

The Fund has a distinguished investment strategy coupled with periodic payouts to investors, besides targeting healthy terminal returns. In terms of our coverage, speed, and execution capabilities, the Fund wants to make an impactful distinction in the Fund management arena.

The Fund aims to invest in diverse opportunities, aligned with India’s rising economy, in three broad themes: (a) Make in India; (b) Rural Consumption, and (c) Impact Investing.

Ms. Lunawat further added, “We have a clear vision as to what kind of businesses we are looking for investment. We are investing in companies that are delivering on Made in India promise to global markets. We are looking for businesses that are substituting imports and fostering exports, that are supporting India’s vast rural consumption.”

Ms. Madhu Lunawat, by qualification is a Chartered Accountant and has over two decades of rich experience spanning across investment management, corporate finance, asset reconstruction, M&A, due diligence, and treasury operations.

Deloitte is the statutory auditor of the Fund. The Fund has eminent Board of Advisors too.

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Profit after tax (before exceptional items) up 23% to Rs 215 crores

Mumbai, October 17, 2023: Syngene International Limited today announced its second quarter and half year financial results. Reported revenue from operations for the quarter was up 18.5% year-on-year to Rs. 910 crores, around 15% at constant currency.  Profit after tax (before exceptional items) for the quarter increased 20% year-on-year to Rs 122 crores.

For the half year ended 30^th September 2023, reported revenue from operations was up 22%, around 17% at constant currency, and profit after tax (before exceptional items) increased by 23% to Rs 215 crores compared to the same period last year.

Commenting on the quarter, Jonathan Hunt, Managing Director and Chief Executive Officer, Syngene International Limited, said, “I am pleased to report a strong set of results for the second quarter and first half of the financial year, particularly in our Development and Manufacturing Services. In Development Services, we also added a new non-GMP capability center to meet market demand for agile, cost-efficient, early phase development and scale-up services. In Manufacturing, we made good progress on our long-term biologics partnership with Zoetis, as well as commissioning a state of the art, digitally-enabled Quality Control laboratory to support our growing biologics operations. The acquisition of a multi-modal facility from Stelis Biopharma Ltd, announced last quarter, is progressing.

Within research services, our Dedicated Centers made a steady contribution to growth and in Discovery Services, while global demand remained generally healthy, we saw the US-based biotech segment showing signs of slowed growth year-on-year as companies adjust to a new funding environment.

Long term sector fundamentals remain strong and we expect continued growth but at a lower level in the second half of the year, this short-term slowing in the US biotech segment is reflected in our latest outlook.

Overall, we reported a strong first half to the year and I am pleased with the good progress made on our strategic priorities in both our research services and our development and manufacturing divisions.”

Sibaji Biswas, Chief Financial Officer, Syngene International Limited added, “We have reported strong second quarter and half year results with operating EBIT growth, tracking revenue growth. 

During the second half of the year, we will continue to invest in new science, technology and digitization, as well as building capacity to support future growth, while balancing discretionary expenditure in order to maintain margins.”

Q2 FY24 Financial Highlights (All numbers are in Indian rupees in Crores except margins)

*Note: Exceptional item (net of tax) in FY24 pertains to transaction costs relating to the acquisition of the multi-modal facility of Stelis Biopharma Limited.

H1 FY24 Financial Highlights (All numbers are in Indian rupees in Crores except margins)

	H1 FY23	H1 FY24	YoY Change (%)
Revenue from operations	1,413	1,718	22%
Reported Revenue	1,443	1,763	22%
Reported EBITDA	420	511	22%
Reported EBITDA margin (%)	29.1%	29.0%
PAT before exceptional item	176	215	23%
PAT Margin (%)	12.2%	12.2%
PAT after exceptional item*	176	210	19%

*Note: Exceptional item (net of tax) in FY24 pertains to transaction costs relating to the acquisition of the multi-modal facility of Stelis Biopharma Limited.

Business updates

The second quarter was underpinned by strong performances in Development and Manufacturing Services supported by sustained momentum in the Dedicated Centers.

In Manufacturing Services, the Company continued to make good progress on the long-term biologics manufacturing partnership with Zoetis. During the quarter, the Company commissioned a Quality Control laboratory for biologics testing equipped with the latest technology to drive higher throughput and seamless data transfer.

In the first quarter, Syngene announced the intention to acquire a multi-modal facility from Stelis Biopharma Ltd and the transaction is progressing.

During the quarter, the Company operationalized a non-GMP facility, which added the capability to conduct API synthesis in a non-GMP environment resulting in agile, cost-effective solutions for early phase development projects.

First half performance was characterised by positive contributions from all divisions, as well as the achievement of several significant strategic goals: the agreement to acquire the multi-modal biologics facility from Stelis Biopharma Ltd; the purchase of a 17-acre land parcel in Genome Valley, Hyderabad, as an extension to the existing research campus; and the regulatory approval from the US Food and Drug Administration (US FDA) for the commercial manufacturing facility in Mangalore.

Guidance

While the Company delivered strong performance in the first half, with the temporary slowdown in US biotech funding, we expect continued growth at a lower level in the second half of the year. Adjusting for this, against our previous guidance of high teens constant currency growth, we now expect the revenue to grow at mid-teens on constant currency basis.

Earnings call

Syngene will host an investor call at 3.00 pm IST on October 18, 2023, where the senior management will discuss the Company’s performance and answer questions from participants. Please dial the numbers provided below ten minutes ahead of the scheduled start time to participate in this conference call. The dial-in number for this call is +91 22 6280 1279/ +91 22 7115 8180. Other toll numbers are listed in the conference call invitation which is posted on the Company website www.syngeneintl.com. The operator will provide instructions on asking questions before the start of the call. A replay of this call will also be available on the website and until 25^th October 2023, on +91 22 71945757, Playback ID: 61353. We will aim to post the transcript of the conference call on the Company website within seven working days of the investor conference call.

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The MoU were exchanged in the presence of Smt. Parminder Chopra, Director (Finance) & CMD (Addl. Charge), PFC, Shri Rajiv Ranjan Jha, Director (Projects) and Shri Manoj Sharma, Director (Commercial) at an event held on the side lines of G20 summit in Goa.

PFC recently diversified its loan portfolio by foraying into infrastructure projects such as refineries, ports, roads, metro, biofuels, waste to energy etc.

These MoU were signed with Solar, Wind Power, Green Hydrogen, Battery Storage, Electric Vehicle companies as well as the manufacturers of green energy equipment among others in the clean energy space. Adani, Greenco, ReNew, Continuum, Avaada, JBM Auto, Megha Engineering & Infrastructure Limited, Rajasthan Renewable Energy .

PFC enjoys the unique advantage of providing funds for longer tenure at competitive rates and taking larger exposures. PFC is looking to fund projects like offshore wind, pumped hydro storage, solar modules and cells, among others in the clean energy space.

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