One Point One Solutions achieves record Q1 FY25 performance with significant growth across key financial metrics
Mumbai, August 14, 2024: One Point One Solutions, a leader in next-generation Business Process Management (BPM) services, has announced its financial results for the first quarter ending June 30, 2024, demonstrating exceptional performance across key financial indicators.
• Revenue: Grew to ₹61.15 crore in Q1 FY25 from ₹52.36 crore in Q4 FY24, marking a 16.79% sequential growth and a substantial 71.12% year-on-year increase from ₹35.73 crore in Q1 FY24.
• EBITDA: Increased to ₹17.84 crore in Q1 FY25, up from ₹15.53 crore in Q4 FY24, representing a 14.87% growth and a 39.27% rise compared to ₹12.81 crore in Q1 FY24.
• PAT: Rose to ₹7.60 crore in Q1 FY25, up from ₹6.66 crore in Q4 FY24, reflecting a 14.13% sequential increase and a 75.93% year-on-year growth from ₹4.32 crore in Q1 FY24.
Business Highlights:
• Increased the authorised share capital from Rs 50 crore to Rs 70 crore and an issuance of equity shares and warrants
• Signed a non-binding term sheet to purchase 100% stake in a BPO firm in Latin America
• Secured a strategic client win with a pioneering medical device company based in Tampa, Florida, USA
• New clients signed include, one of India’s largest integrated power companies and a leading NBFC, dedicated to providing customer centric financial solutions
• One Point One Solutions Limited (OPOSL) subsidiary, ITCube Solutions won a prominent global client specialising in combatting brand threats through cutting-edge AI-driven tools
Management Comment:
Commenting on the results, Mr. Akshay Chhabra, Managing Director said:
“We are thrilled to report a record-breaking start to FY25, with exceptional growth in revenue, EBITDA, and PAT. This performance is a testament to our unwavering commitment to delivering value to our clients through cutting-edge BPM solutions and a strategic focus on operational efficiency. The strong momentum from this quarter provides a solid foundation for sustained growth throughout the year.”
Mr. Chhabra added, “Our efforts in business transformation, leveraging Generative AI and Robotic Process Automation (RPA), are beginning to yield significant results. We are particularly excited about our first acquisition this year, which strengthens our presence in the North American market. This strategic move will accelerate our growth in the American region and adds new verticals in healthcare, finance & accounting, and IT software development, positioning us as a full-stack player in the industry. We remain confident in our ability to continue driving substantial value for our shareholders while expanding our leadership in the BPM sector.”
The Financial results for the quarter ended June 30, 2024 are available in the Investor Relations section of our website www.1point1.com
About One Point One Solutions Ltd.
One Point One Solutions Ltd is a full-stack solutions provider across BPO, KPO, IT Services, Technology & Transformation and Analytics. Over the last two decades, the company has established its expertise in offering comprehensive solutions across technology, accounting, skill development and analysis to clients in a wide variety of sectors. Following the recent acquisition of- ITCube Solutions Pvt Limited, One Point One Solutions has consolidated its solutions in the IT, BPM and KPO domains. The company now has centres in Pune and Cincinnati, Ohio apart from its existing ones in Navi Mumbai, Gurgaon, Chennai, Bangalore, Indore and Pune. One Point One USA Inc, the organization’s wholly-owned subsidiary in Delaware in the United States marks its international foray while in the acquisition of ITCube Solutions has already strengthened its presence in England, Netherlands, Germany, Kuwait Oman m UAE, Qatar, India, Singapore and Australia, apart from the USA.
Led by Founder-Chairman Akshay Chhabra, the company serves a broad spectrum of industries including Banking and Finance, Retail and E-commerce, Consumer Durables & FMCG, Travel & Hospitality, and Insurance & Healthcare. A 5600+ strong team focused on providing efficient services caters to the company’s growing clientele.
The company’s services include Organisations, Customer Services, Sales, Collections, Construction Bid Management, Medical Record Retrieval and Summarization, Tech Helpdesk, BackOffice, Accounting, Litigation, Recruitment, Design and Development among others. By leveraging next-gen technologies including GenAI and intelligent automation, the organisation has been able to develop and deploy innovative solutions that have delivered considerable value to the company’s 50+ clients.
Enakshi Priyam Appointed as Chief Operating Officer at Assotech Group, a Leading Real Estate Innovator
13 August 2024 – Assotech Group, a pioneer in real estate innovation with over 38 years of excellence, proudly announces the appointment of Enakshi Priyam as its new Chief Operating Officer, effective July. Enakshi brings a wealth of experience and expertise in finance and operational leadership to her new role.
Armed with a Bachelor’s degree in Finance from Durham University, UK, Enakshi has been an integral part of Assotech for the past 7 years. Her tenure has been marked by transformative contributions, including the establishment and enhancement of Assotech’s legal department, and successful leadership of the NCR division over the last 4 years.
“Enakshi Priyam’s appointment as Chief Operating Officer underscores Assotech Group’s commitment to operational excellence and strategic growth,” said Mr. Sanjeev Srivastva, Chairman & Founder of Assotech Group. “Her demonstrated leadership, combined with her deep understanding of our business and industry, will further strengthen Assotech’s position as a leader in the real estate sector.”
Enakshi Priyam expressed her excitement about her new role, stating, “I am honored to take on the role of Chief Operating Officer at Assotech Group. I look forward to leveraging Assotech’s strong foundation and reputation for innovation to drive our mission of delivering superior quality and innovative real estate solutions. Together with our dedicated team, I am committed to advancing Assotech’s legacy of excellence and setting new benchmarks in the industry.”
Assotech Group continues to expand its portfolio with residential, commercial, and hospitality projects across multiple states. Enakshi Priyam’s leadership is poised to enhance Assotech’s reputation as a forward-thinking organization dedicated to sustainable growth and customer-centric innovation.
With nearly 75% share in H1 2024, occupier interest growing in green office spaces
Bengaluru, 13 August 2024: With an unwavering focus on sustainable built spaces, occupiers’ preference to lease in green certified buildings has gained momentum in key office markets across India. During Q2 2024, about 13 mn sq ft of office space in the top six cities has been leased in green-certified buildings. This represents a 24% YoY increase and accounts for an impressive 82% share in overall leasing during the quarter. This rapid growth is an indication of the rising awareness amongst corporate occupiers with respect to the role that built structures have to play in containing issues related to climate change through reducing carbon footprint. The share of Bengaluru followed by Mumbai remained significant, together accounting for over 50% of the leases in green-certified buildings in Q2 2024. Interestingly, of the 13 mn sq ft of leases signed in green buildings, about 60% were in relatively newer developments which have come in the last 5 years.
Currently, LEED, GRIHA and WELL are some of the prominent green certifications available in the Indian market, which validate buildings as ‘green’ by assessing various parameters including energy consumption, waste generation and alignment of design with health and wellness aspects. Real estate developers are increasingly aligning their offerings with global sustainability standards, simultaneously presenting various tangible benefits to their tenants including lower operational costs, improved indoor air quality and enhanced employee productivity.
Technology and Engineering & Manufacturing companies at the forefront
About 80% of leasing by technology and engineering & manufacturing firms since 2023 were in green-certified buildings. Moreover, it is noteworthy that 62% of the flex players prefer space take-up in green-certified buildings. Overall, at an India level, technology sector accounted for about 27% share in the cumulative space take up in green-certified buildings since 2023, followed by occupiers from Engineering & Manufacturing and BFSI sectors with about 19% share each.
“Over the last few quarters, developers, investors & occupiers in the office market have increasingly embraced adoption of sustainable elements in their portfolios. With 13 mn sq ft of leasing in green- certified buildings in Q2 2024, a significant 82% of occupiers were inclined towards green-certified buildings. This also reflects occupiers’ strong commitment to align their sustainability goals with the broader sustainability targets of the country. Since 2023, about 70-80% of the space uptake by Engineering & Manufacturing, Technology and BFSI players has been in green-certified buildings. The trend is expected to further accelerate in the next few years. Moreover, SEBI’s mandatory sustainability reporting further provides a thrust to occupiers, investors and developers to increasingly consider green portfolios while meeting their ESG targets, “says Arpit Mehrotra, Managing Director, Office services, India, Colliers.
More than two-thirds of Grade A office stock in India is currently green certified
In tandem with the rise in demand for green-certified building, green building stock is also seeing an increase. According to Colliers, as of June 2024, about 67% of the Grade A office buildings across the top six cities were green certified. Bengaluru and Delhi NCR account for about half of the green office stock in the country. Of the 13.2 mn sq ft of new Grade A office completions in Q2 2024, almost 70% are green-certified. In the next two-three years, majority of the over 150 mn sq ft Grade A office developments in various stages of construction across the six major cities are likely to be green certified, expanding Grade A green stock to over 600 mn sq ft.
“With increased inclination amongst occupiers for green-certified buildings, several Grade A developers are increasing sustainable offerings in their commercial portfolios. During the second quarter of 2024, almost 70% of the new supply was green-certified. With growing demand, developers are also retrofitting ageing office stock and incorporating sustainable elements in overall building design & construction. About 300-350 mn sq ft of commercial building stock older than 10 years hold the potential to get refurbished in the next few years and add to the green-certified office stock of the country.” says Vimal Nadar, Senior Director and Head of Research, Colliers India.
BAYSIDE CORPORATIONS Partners with ICCPL, Aims to Achieve a GTV of INR 500-700 Crores in FY 24-25
13th August 2024: BAYSIDE CORPORATIONS (BCS), a leading name in luxury real estate consultancy with a strong presence in Goa and Chandigarh-Tricity, has announced a strategic partnership with Integrated Centre For Consultancy Pvt. Ltd (ICCPL), a renowned PR firm specializing in real estate. This collaboration aims to generate a Gross Transaction Value (GTV) of over INR 500-700 crores in FY 24-25.
Under this partnership, BCS will be responsible for converting leads into actual sales, while ICCPL will handle marketing and lead generation for luxury properties. The joint effort targets luxury housing markets in Goa and Chandigarh-Tricity, with plans to market and sell over 16 projects in both regions. The portfolio includes properties ranging from Rs 3 crores to Rs 15 crores, including 3BHK units to 1-acre farmhouses.
An official spokesperson for the partnership stated, “The Indian luxury housing market is expanding rapidly, extending beyond metros to major tourist destinations like Goa and emerging cities such as Mohali and Panchkula. With this potential, it is crucial to have organized and structured brokerage firms to consolidate smaller brokers and amplify sales in these markets.”
The spokesperson added, “Through this strategic partnership, we aim to build a robust network of independent investors, brokers, and professionals interested in investing and earning from real estate.”
ICCPL is a diversified media and communications firm with a strong presence in Northern India, as well as cities like Mumbai, Bengaluru, and Goa. The firm is also a leading digital marketing agency through its wholly-owned subsidiary DIGICOMM and handles marketing designs through its subsidiary STUDIO 360. ICCPL was a pioneer in the proptech segment with the launch of FIND MY CO-WORK (FMCW) in 2018, which was later integrated with one of its subsidiaries.
On the other hand, BAYSIDE CORPORATIONS (BCS) has been a prominent player in the luxury real estate market in Goa since 2021 and expanded into Tricity in 2024. Recently, BCS made headlines with plans to hire over 400 employees in FY 24-25.
Independence Day Bonanza: Freedom Offers for Aspiring Homebuyers
The real estate sector is witnessing a significant surge in home sales, reflecting the robust demand and confidence among homebuyers. In the past few quarters, the industry has seen remarkable volumes, making this a moment of celebration for both developers and buyers. As India proudly celebrates 77 years of Independence, developers have come up with attractive offers and home buyers can take advantage and buy their long-desired home.
Siddha Sejal Group is raising the bar this Independence Day by offering smartly designed 2 & 3 BED Lifestyle Residences at their prestigious project, ALTAIRE COLLECTION at Siddha Sky, Sion NX, starting at an unbeatable price of just Rs.2.05Cr. To make this offer even more irresistible, the developer is providing 77% OFF on Stamp Duty & Registration Rates, no floor rise charges, in addition to a free car park.
Located 400 feet above the ground, Siddha Sky offers an unmatched living experience with its Rooftop Skywalk, providing stunning views of Mumbai’s skyline. Residents can enjoy over 25 amenities on Rooftop Skywalk like Sky Lounge, hammock seating, an amphitheatre, yoga spaces and a telescopic star-gazing point, Joggers Track, making it an opportunity that modern homebuyers cannot afford to miss.
Mr. Samyak Jain, Director, Siddha Group said, “This Independence Day, we warmly invite homebuyers to take advantage of this exceptional offer. Our Independence Day special is not just financially compelling but also crafted to enhance the lifestyle and living experience of our residents. With rising property prices, this is the ideal moment to invest in your dream home.”
Chandak Group is proud to celebrate India’s 77th Independence Day with its ‘Forever Homes Fiesta’ a home sales offer for home buyers. This offer is applicable to 4 of its prime projects namely Chandak Highscape City – Chembur E, Chandak Treesourus – Malad (W), Chandak GreenAiry – Borivali (E) and 34 Park Estate at Goregaon (W). Home buyers purchasing a home in any of these projects during this offer period will get a complete waiver on the registration fees. Home buyers can also avail of discounts given on spot bookings and flexi payment schemes. This offer is valid till 18th August 2024.
Newly launched Chandak Highscape City in Chembur (E) is the largest^, greenest^ and one of the highest^ projects in Chembur set amidst lush, expansive greenery. A natural oasis designed for your family and you, where you get to enjoy modern comforts along with 45+* curated amenities.
34 Park Estate is a luxurious project located in the heart of Goregaon West that offers residents with over 30+ lifestyle amenities. They have recently crossed an important milestone of all terrace slabs being completed. This project is conceptualized and designed by internationally acclaimed global talent, working towards a vision to provide an uber-luxury living experience.
Chandak Treesourus, Malad (W) is an under construction sophisticated residential development which offers a range of housing options, including 2 & 3 BHKs with duplexes and jodi options, all featuring sun-decks. This project stands as a beacon of modern architecture, providing a plethora of lifestyle amenities and lifetime unobstructed views, set amidst more than 3 acres of lush greens.
Chandak GreenAiry, Borivali (E) also an under-construction project is situated in the lap of nature nestled in the tranquil surroundings of Borivali. This project is a haven with luxurious 2BHK balcony residences starting from the 37th floor and above. It offers residents breathtaking views of the Sanjay Gandhi National Park on one side and the captivating cityscape on the other.
These exclusive offers underscores Chandak Group’s commitment to making luxury living more accessible and celebrating the spirit of freedom and prosperity.
Baasira Mata ki Jai makes audience sing
Hyderabad, 12th August 2024: This family drama by ROADWAYZ Theatre group, staged the show today at Lamakaan and the audience not just cheered but were also singing the songs along with the artists.
The story revolves around a typical middle-class, close-knit family of four. Sharma ji, his wife Shrimati ji and his two younger Siblings. Sonu and Monu. The couple have devoted their lives to bring up Sonu and Monu. They love them as their own children. Shrimati ji loves cooking for her family and keeps trying to make new dishes out of leftover food. All three brothers bring a lot of humour by planning how to get rid of those experimental dishes of Shrimati ji, without hurting her feelings.
The play touches on the issue of Food Wastage. The serious topic is conveyed well with layers of family humour and forgotten songs of 40s & 50s.
The play is written & Directed by Capt Ahmed who has been doing consistent work in the field of Hindi Theatre & language. He is a Theater Actor, Director and is soon coming out with his collection of Plays in a book form. He has donned many roles earlier and had been a devoted theatre actor for over a decade now. Seema Khan as Mrs Sharma did a splendid job and both lead actors looked very natural on stage. There were two debutants also Lokesh & Zoya as the younger brother & sister. Their sibling chemistry and stage presence was well received. Col Ramesh as Chiraunji la and Sonali as Rama the maid, added on to the humour with their characters. A unique experiment was done by the director and that was to have a well woven script for the MC. Mohsin with his charming personality did the job very well.
Poonam Gulecha, another theatre actor who attended the show at Lamakaan said that, “the show surpassed the expectations. Very well written & interplay of old songs was impeccable.”
Nargis another spectator says, “the paly reflected ghar ghar ki kahani.”
Ritu says, it reminded me of my Nani (grandmother), how she used to mix & match the leftovers), Col Reyaz was impressed by the impactful usage of the Sutradhar & the use of Songs.”
Ramechandra from Saket Pranaam was overwhelmed by the response from all the senior citizens staying there and asked ROADWAYZ to bring the next show as soon as possible.
Chaat Bistro Celebrates the Spirit of Independence with special Tricolour Menu
Jaipur, August 12, 2024: In honour of India’s Independence Day, Chaat Bistro, Jaipur is pleased to announce a specially curated Independence Day menu. This limited-time offering, available from August 14-18, will showcase the rich culinary diversity and heritage of India through a vibrant selection of dishes and beverages. The exclusive menu features an array of delectable items inspired by the colours of the Indian flag, symbolizing the unity and diversity of our nation.
Sharing her vision behind this specially curated menu, Vrinda Agrawal, Founder, Chaat Bistro, shares “We are excited to offer this special menu as a tribute to our nation’s independence and to celebrate the incredible diversity of Indian cuisine. Our aim is to bring people together through the shared experience of great food, while paying homage to the flavors that represent our country.”
The exclusive menu features an array of delectable items inspired by the colours of the Indian flag, symbolizing the unity and diversity of our nation. It includes tricolour sandwiches, which offer a delightful fusion of flavors with layers representing the flag’s vibrant hues. The tricolour dhokla reimagines the traditional Gujarati snack with a visually striking tricolour presentation, while the idlis, steamed to perfection, served with a trio of colourful chutneys, celebrate the rich flavors and textures from various regional cuisines across India. To complement these dishes, guests can enjoy classic traditional beverages such as lassi and khus-khus lemonade, adding refreshing flavors to enhance the overall culinary experience.
Chaat Bistro’s Independence Day menu is designed to honour India’s independence while celebrating its rich and diverse culinary heritage. Each dish has been thoughtfully curated to reflect the cultural and regional flavors that make Indian cuisine truly exceptional. Whether you are a local or a visitor, come and savor the tastes of India as we commemorate our nation’s heritage and unity. Join us at Chaat Bistro from August 14th to August 18th to experience this unique culinary celebration.
Aira’s resilience defines her character, Nikeet Dhillon on Amazon miniTV’s Tujhpe Main Fida S2
Mumbai, 12 August 2024- Amazon miniTV, Amazon’s free video streaming service, recently released the second season of its modern-day mystery drama, Tujhpe Main Fida. The new season takes viewers back to the mysterious Cole Town, where Marcus and Aira navigate the complexities of their love life. As they delve deeper into the town’s dangerous mysteries, will they resolve their differences and reunite, or is their story headed for a tragic end? The enthralling narrative is beautifully blended with mystery, love, romance, and excitement. Directed by Mann Singh Manku and produced by BBC Studios Productions, the series features the talented Rudhraksh Jaiswal and Nikeet Dhillon in pivotal roles.
Nikeet Dhillon, who brings life into the character of Aira in the series, sheds light on her character. She said, “Aira is a multi-dimensional character who embodies calmness with a complex emotional landscape. She is deeply vulnerable, but her determination shines through in critical moments, as she never backs down from any challenging situation. She fiercely protects her mother and prioritizes her needs. Aira’s resilience defines her character as she faces personal and external challenges with steadfast courage. I hope that I was able to depict the role accurately and that the audience will relate to the story.”
Tujhpe Main Fida S2 is now streaming exclusively on Amazon miniTV for free within Amazon’s shopping app, Prime Video, Fire TV, and Smart TVs, or download the app from Play Store.
TCL India Launches ‘Freedom to Win Big’ Contest for Independence Day with Exciting Prizes
August 2024: TCL , a leading consumer electronics brand and one of the dominant players in the global TV industry has announced its exclusive Independence Day campaign to offer its customers the “Freedom to Win Big”. As part of this, customers will get a chance to win exciting gifts such as TCL products or cashback on the purchase of its premium LED TVs above 55”, starting from 1st August to 31st August.
In recent years, TCL has become a recognised leader in launching fresh and innovative campaigns to celebrate Independence Day for its customers. As part of the offer, customers who will purchase a TCL TV of 55” or above will be required to scan a QR code to register themselves for the contest. Customers participating in TCL’s Independence Day ‘Freedom to Win Big’ contest will have to answer maximum questions correctly to be selected as a Lucky Winner.
Delighted with the offer, Philip Xia, General Manager of TCL India said, “As we celebrate India’s 78th Independence Day, we are thrilled to offer our valued customers exciting deals on purchasing our latest range of TVs. As a reminder of freedom, we believe in giving our customers the freedom to experience unparalleled entertainment at home accessible to all. Dedicated to bringing exceptional viewing experiences and cutting edge technology, we look forward to witnessing a great enthusiasm in TCL’s India customer base.”
TCL has segregated the contest into two segments depending upon the purchase of the TV set. Customers who will be purchasing any of TCL’s LED TVs among the 55”, 58” and 65” display sizes from offline retail and brand stores and are shortlisted as the 8 lucky winners will get a chance to win a TCL Washing Machine.
On the other hand, customers who will be participating in the contest with a purchase of its 75”, 85” and 98” TV sets from offline retail stores will get a chance to win Double GIFTS – ‘Double Dhamaka’ such as TCL 32” TV and Sound bar. The company will select 12 lucky winners through an Online Draw Contest from the participants list only.
As part of the contest, TCL will announce the 1st Phase of 10 Lucky Winners on 14th August and the remaining 10 winners will be announced in the first week of September 2024. Gifts like TCL Washing Machines, Sound bars and 32” LED TV will be given to the winners after the completion of the contest upon verification of invoice bills, customer IDs and installation photographs.
To make it a big offer, the ‘Freedom to Win Big’ contest is applicable for customers across PAN India on offline retail and brand stores. The attractive offer can be availed on Debit/Credit cards along with a 10% cashback up to Rs. 10,000 on selected banks.
As a part of the contest, customers purchasing TCL TV from e-commerce websites – Amazon and Flipkart will also be eligible to avail exciting deals. The 15 lucky buyers will get a chance to win a Rs. 5,000 gift voucher that can be redeemed while purchasing TCL’s products from Amazon or Flipkart. The offer will be valid from 1st August to 31st August, 2024.
Pacific D21 Mall Dwarka Hosts Little Picasso Season 4 with Creativity and Patriotism
New Delhi, 12th August 2024: Pacific D21 Mall, Dwarka hosted the “Little Picasso Season 4”, inspiring young minds with a blend of art and patriotism. The two-day event was centered around the theme “Freedom Fighters” which attracts an enthusiastic crowd of budding talented artists eager to showcase their creativity while celebrating India’s rich heritage.
The competition was divided into two categories: a Coloring Competition for children aged 4 to 9 years, and a Drawing & Coloring Competition for participants aged 10 to 14 years. The children’s vibrant and imaginative interpretations of the theme were met with applause and admiration from the audience, who were thrilled to see the younger generation express their love for the country through art.
The event saw a massive turnout of 300 participants who actively indulged in the activities. The winners in each group were awarded cash prizes and gift vouchers, ensuring that the young talents were recognized and encouraged. Adding flavors to the occasion, Cornitos joined as a munching partner.
Speaking about the success of the event, Mr. Abhishek Bansal, Executive Director of Pacific Group, said, “Little Picasso is not just a platform for children to display their artistic skills, but a celebration of the values and stories that define us as a nation. The creativity and passion displayed by these young artists are truly inspiring, and we are proud to provide a platform where they can express their patriotism in such a meaningful way.”
The event concluded with smiles all around, as children left got a deeper appreciation for the freedom fighters who shaped the nation’s history. Pacific D21 Mall continues to reaffirm its role as a community hub, celebrating creativity and unity through engaging events like Little Picasso.