Exhicon Events Media Solutions Ltd. reports bumper results for FY 2024-25
Mumbai, May 14, 2025 – India’s first and only 360° solution provider company for Exhibitions, Tradeshows & Event Management, Exhicon Events Media Solutions Ltd., reported a stellar set of numbers for the financial year ending March 31, 2025. The BSE-listed company, which operates in exhibitions, events and media services sector, has delivered record profitability, solid revenue growth and achieved a debt-free balance sheet.
On a consolidated basis, Exhicon Events Media Solutions Ltd achieved its revenue for FY 2024–25 jump by more than 62% to Rs 143.51 crore from Rs 88.46 crore in FY 2023-24 while its EBITDA (Earnings Before Interest, Tax, Depreciation and Amortisation) shot up by 74.55% to Rs 35.12 crore from Rs 20.12 crore in the same period, with its EBITDA margin at an impressive 24.48%.
The company’s PAT (Profit After Tax) more than doubled, recording an increase of 113% in FY 2024–25 to Rs 30.26 crore, from Rs 14.23 crore in FY 2023-25.
On a standalone basis, Exhicon Events Media Solutions Ltd saw its revenue jump over 69% in FY 2024–25, to Rs 69.67 crore, from Rs 41.18 crore in FY 2023-24 while its PAT, on a standalone basis, nearly doubled to Rs 12.10 crore in FY 2024–25, from Rs 6.31 crore in FY 2023-24.
Debt-Free Status Achieved
The company also achieved an unparalleled financial milestone in FY 2024–25 as it became 100% debt-free as of 31st March 2025, further reinforcing its long-term sustainability and readiness for future expansion.
Commenting on the company’s performance, Mr Sushil Shah, CFO, Exhicon Events Media Solutions said: “This has been a breakthrough year for Exhicon with strong growth across all verticals, resulting in higher margins. Moreover, our clean and debt-free balance sheet demonstrates the resilience and scalability of our business model. We are now well-positioned for aggressive but sustainable growth.”
Future Outlook
With a robust pipeline, strong demand for integrated event solutions, and a debt-free status, Exhicon is set to accelerate its domestic and international expansion while maximizing shareholder value. The company last month also approved a strategic capital outlay of Rs 50 crore for the design, development and deployment of temporary and semi-permanent event structures. This will be used to procure and commission semi-permanent modular event venues, large-span hangars and super structures, indoor pre-fab maxima and octanorm systems, portable hospitality suites, rest rooms, box offices and registration arenas, and modular staging and rigging solutions.
Novotel Vijayawada Hosts Punjabi Zaika Utsav
The smoky aroma of the tandoor, zesty spices, and creamy butter come together to create the rich, comforting flavours that define Punjab’s culinary heritage. Bringing this warmth and boldness to the city, Novotel Vijayawada Varun presents the Punjabi Zaika Utsav, a 10-day celebration of authentic Punjabi cuisine.
Hosted at Food Exchange, the hotel’s all-day dining restaurant, the festival invites guests to savour a menu that captures the essence of Punjab’s most loved dishes. Curated by Chef Smruti Ranjan Das, the menu showcases timeless recipes passed down through generations, highlighting the diversity and depth of North Indian flavours.
Guests can indulge in classics like Chole Bhature, Amritsari Kulcha, Butter Chicken and Dal Makhani, among other regional favourites. Each dish is prepared using traditional techniques that bring out the bold spices, smoky richness, and signature textures Punjabi food is known for.
To complement the dining experience, the restaurant will be adorned with themed décor inspired by Punjab’s mustard fields and festive spirit. Evenings will come alive with live folk music performances, adding a cultural touch to the culinary journey. Whether you’re a fan of hearty tandoori fare or curious to explore the flavours of Punjab, this festival promises an unforgettable dining experience.
● Date: Until May 18, 2025
● Time: 7:00 PM – 9:00 PM
● Venue: Food Exchange, Novotel Vijayawada Varun
Tally Launches TallyPrime 6.0 to Transform SME Banking
Bangalore, 13 May 2025: Tally Solutions Pvt Ltd, India’s leading business automation software provider, introduces its latest release, TallyPrime 6.0, designed to simplify financial operations for small and medium enterprises (SMEs) and make it seamless via Connected Banking experience. This advanced upgrade revolutionizes bank reconciliation, banking automation, and financial management for businesses and accountants. Building on its expertise in delivering connected services such as e-invoicing, e-way bill generation, and GST compliance, Tally takes another significant step towards empowering SMEs with integrated banking capabilities. This new release reinforces Tally’s commitment to connecting businesses with their ecosystems and enabling them to operate with unparalleled simplicity.
Keeping with its vision of making the business network seamless TallyPrime’s Connected Banking feature takes integration to the next level by bringing banks inside Tally. Unifying accounting and banking into a single system, with secure login and real-time connectivity through partnerships with Axis Bank and Kotak Mahindra Bank. Users can access live bank balances and transaction updates directly within the platform, ensuring they always have the most updated information and insights about their working capital, empowering businesses to make smarter financial decisions. With the ability to process payments, instantly reconcile transactions, and monitor bank balances within Tally businesses can stay agile, optimize resources, and maintain full control over their financial operations.
While launching TallyPrime 6.0, Mr. Tejas Goenka, Managing Director, Tally Solutions said, “Our mission has always been to build technology that helps simplify business operations for SMEs. With TallyPrime 6.0, we’re addressing a critical need by integrating banking directly within the Tally platform empowering businesses to focus on growth and innovation without the distraction of operational complexities, enabling them to save 30-50% of their time. This release comes with multiple other features like enhanced bank reconciliation, working capital optimization through financial institution linkages, further strengthening the existing capabilities of GST compliance with connected e-invoicing and e-way bill generation.”
TallyPrime’s smart bank reconciliation transforms how SMEs and accountants manage their books by seamlessly aligning financial records with banking transactions. Enabling faster reconciliation, timely account finalization for audits, and real-time operational insights—all within a unified, intuitive platform. Additionally, the integration of UPI payments and payment links simplifies collections, ensuring smoother cash flow.
Commenting on the launch, Neeraj Gambhir, Group Executive & Head – Treasury, Markets & Wholesale Banking Products, Axis Bank said, “Axis Bank has always been at the forefront of innovation by introducing pioneering solutions for its customers for seamless banking experience. We are committed to empower our SME clients by integrating technology into financial solutions. The SME Business Banking landscape is evolving rapidly, and there is a need for a comprehensive solution for all their Banking and Beyond Banking requirements. With this ‘connected banking solution’, customers can integrate bank account inside TallyPrime and streamline their banking operations by improving efficiency and agility in financial decision-making. This initiative is a continuation of our ongoing efforts to significantly enhance the digital experience of our clients.”
Security remains a cornerstone of TallyPrime 6.0, incorporating end-to-end encryption, multi-layered access controls, and real-time fraud detection to ensure safe banking transactions. This launch reaffirms the company’s commitment to ensuring complete security and privacy of its customers’ financial data.
Tally continues to enhance business management with advanced technology, offering a seamless and holistic experience through TallyPrime 6.0. From connected GST and e-invoicing to WhatsApp-based alerts (WABA), cloud access, and integrated financing, Tally empowers businesses with simplified, efficient, and connected solutions for smoother operations.
Pepe Jeans Powers Up in Jaipur with Its Biggest Indian Store Yet
Jaipur, May 13, 2025 — Denim lovers in the Pink City have a new reason to celebrate. Pepe Jeans London, a name synonymous with British street and authentic denim, proudly opens the doors to its largest store in India at the heart of Vaishali Nagar, Jaipur’s fast-emerging retail and lifestyle nucleus.
Spanning 3,138 sq. ft. across two levels, the new Pepe Jeans London flagship store is more than just a shopping destination — it’s a fashion experience. From classic denim fits to seasonal must-haves, the store houses the complete wardrobe collection for Men, Women, and Boys, along with a curated footwear range that includes statement sneakers
Located on Amarpali Marg, the store is poised to become a landmark for shoppers seeking the perfect mix of international style with local sensibilities. Whether you’re on the hunt for everyday denim, occasion-ready fashion, or the perfect pair of kicks — this new Pepe Jeans London store is Jaipur’s ultimate style destination.
Visit Us:
India’s Largest Pepe Jeans London Store on Amarpali Marg, Vaishali Nagar, Jaipur
Hyatt Announces Signing of Grand Hyatt Indore, Strengthening Presence of Grand Hyatt Brand in India
Bengaluru, May 12, 2025 – Hyatt today announced the signing of a management agreement for Grand Hyatt Indore, a landmark luxury development, with Krivish Hospitality Private Limited. The hotel will be developed on an emerging 11.5-acre site and marks a significant milestone in Hyatt’s continued expansion of its portfolio in high-growth markets, bringing the Grand Hyatt brand to the vibrant city of Indore, Madhya Pradesh, India.
Strategically located in one of India’s fastest-growing cities, Grand Hyatt Indore will feature 250 well-appointed rooms and suites, five signature food and beverage concepts, and an expansive meetings and events space spanning over 53,000 square feet (5,000 square meters), including a grand 27,986-square-foot (2,600-square-meter) ballroom. Designed to cater to both business and leisure travelers, the hotel will offer a comprehensive range of recreational amenities, including a spa, fitness center, swimming pool, and dedicated entertainment areas for children, teens, and adults.
“We are delighted to announce plans for Grand Hyatt Indore, the economic center of Madhya Pradesh,” said Dhruva Rathore, Vice President, Development for India & Southwest Asia, Hyatt. “The signing of Grand Hyatt Indore underscores our commitment to expanding Hyatt’s luxury portfolio in key destinations across India. With its exceptional location and world-class amenities, we believe this hotel will set a new benchmark for luxury hospitality in Central India.”
Indore, the largest city of Madhya Pradesh, continues to grow as a leading destination for industry, commerce, and education. The city hosts a thriving ecosystem of banking, financial services, automobile, pharmaceutical, chemical, textile, and IT industries. Madhya Pradesh is poised for accelerated growth, boasting a well-developed infrastructure, proximity to key industrial belts such as the Super Corridor, Dewas Industrial Corridor, and Pithampur, and ongoing enhancements at Devi Ahilya Bai Holkar Airport.
“We are thrilled to work with Hyatt to bring the Grand Hyatt brand to Indore,” said Sanjay Shukla, Director, Krivish Hospitality Private Limited. “This association reflects our shared vision of delivering world-class hospitality experiences. Grand Hyatt Indore will be a game-changer for the city, offering a sophisticated blend of luxury, comfort, and splendor, while also catering to the growing demand for elevated accommodations and event spaces in the region.”
Upon opening, Grand Hyatt Indore will embody the brand’s signature grandeur, exceptional service, and immersive experiences—offering global travelers and local guests a seamless blend of luxury hospitality and world-class business amenities under one roof.
JustDeliveries Raises INR 5.5 Crore to Boost IntraCity Logistics
12 May’2024, New Delhi: JustDeliveries, a new-age cold chain logistics startup redefining mid-mile logistics for India’s food and beverage sector, has raised ₹5.5 crore funding in a round co- led by VC Grid and NABVentures. Investors included LetsVenture, Anay Ventures, FAAD Network and others.
The capital infusion elevates JustDeliveries’ total funding to $2 million (approximately ₹15.9 crore), further enabling its mission to bring structure and reliability to India’s $200 billion logistics landscape, where 90% of operations remain unorganized and prone to inefficiencies. The funds will be used to enhance its technology capabilities and expansion into three new cities including Lucknow and Chennai. Currently it has its operations in Bangalore, Delhi, Hyderabad, Mumbai and Pune.
Since its inception, JustDeliveries has emerged as a critical partner for over 100 F&B brands, including industry leaders like ITC, Swiggy, Blue Tokai, Biggies Burger, and Naturals Ice Cream. The company’s asset-light, plug-and-play third-party logistics (3PL) model addresses the acute challenges of transporting perishable goods across India’s vast and complex supply chains. Showing remarkable traction, JustDeliveries achieved a 2.4x year-over-year revenue growth in FY25, sustained by a 10.6% average monthly growth rate. The startup reached a pivotal milestone in December 2024 by attaining city-level profitability across all operational hubs – Mumbai, Pune, Bangalore, Delhi, and Hyderabad – while maintaining negligible bad debts and industry-leading receivables turnaround times.
JustDeliveries has a strong leadership team and has recently elevated Pradeep Murugesan and COO and co- founder.
NABVENTURES is a venture growth equity fund that invests in agriculture, food, rural businesses and agri/rural financial services at early to mid-stage. “NABVENTURES is excited to continue supporting JustDeliveries as they scale their innovative cold chain logistics solutions. Their impressive growth, focus on profitability, and strong client base underscore our confidence in their ability to transform the F&B supply chain landscape by driving efficiency and reducing wastage. NABVENTURES is pleased to be a part of their journey in building a more resilient food supply chain.” – Ashish Km Choudhury, CIO, NABVENTURES Ltd
VC Grid is a leading return-driven fund backed by Venture Catalysts, India’s leading integrated incubator and accelerator platform. Commenting on the investment, Vansh Oberoi from VC Grid, said, “JustDeliveries represents a rare convergence of operational discipline, scalable innovation, and market timing. In a sector traditionally burdened by high capital expenditure and fragmented service providers, Mansi and her team have engineered an asset-light platform that delivers consistent cold chain integrity while achieving early profitability, a feat that eludes most logistics startups. Their ability to maintain an impressive month-on-month growth in a competitive sector reflects both operational maturity and strategic foresight. We believe JustDeliveries is poised to become the backbone of India’s F&B logistics ecosystem. This investment aligns with our mission to back category-defining companies solving systemic challenges.”
Mansi Mahansaria, Founder of JustDeliveries, said, “When we launched JustDeliveries, we recognized that solving the gaps for the F&B industry required more than just infrastructure-it demanded a fundamental rethinking of logistics partnerships. By integrating technology with a flexible asset network, we have built a platform that scales with our clients’ needs while ensuring cost efficiency and reliability. We’re fortunate to have a set of investors who believe in building a valuable company on a strong foundation. This funding enables us to deepen our tech stack, become net profitable, and take our services to three new cities by FY26.”
With India’s cold chain logistics market projected to grow at a 23.5% CAGR through 2030, driven by rising demand for perishable foods and pharmaceuticals, JustDeliveries’ tech-enabled model addresses a critical infrastructure gap. The startup’s expansion into three additional cities will extend its geographic footprint to eight major hubs, aligning with client demands for pan-India distribution.
SGREF, an Alternative Investment Fund for Real Estate worth Rs. 2,000 Cr.
Suresh Garg lead promoters of SGRE Fund says that, “we are excited to announce the launch of this fund dedicated to the real estate sector. Any project which has a requirement of the fund the company can apply for the fund. Our legal and technical team checks the feasibility and after the standard process of examination, they recommend a proposal to the standing committee for final go ahead. If the project is economically viable, land title is clear and there is no legal issue with the project then such projects will be eligible for funding. However the last decision will be of the investment committee.”
MP Naveen Jindal Committed to Farmers’ Welfare: Tejinder Singh Goldy
Kurukshetra, May 11, 2025: The Farmers’ Fair organized under the joint initiative of the Naveen Jindal Foundation and IRMA ISEED concluded today with great enthusiasm at the Kurukshetra University campus.
Speaking at the closing ceremony, Tejinder Singh Goldy described MP Naveen Jindal as a dedicated and service-minded individual. He mentioned that Mr. Jindal draws inspiration from his late father, Shri O.P. Jindal, and continues to remain actively involved in public service. He emphasized that the MP is consistently working toward the welfare of farmers.
Kailash Saini, representative of Chief Minister Nayab Singh Saini’s office, praised MP Jindal’s initiative to promote natural farming, calling it a commendable step that will prove to be a milestone in the future.
The event saw participation from experts, members of the Naveen Jindal team, progressive farmers, innovative startup representatives, women from self-help groups, volunteers, and many distinguished guests. During the closing ceremony, progressive farmers, self-help groups, and startup entrepreneurs were honored with certificates of appreciation.
On this occasion, Dr. Raj Kumar, Media Advisor to MP Naveen Jindal, shared the fair’s achievements and upcoming plans. He highlighted that MP Jindal is actively working on several initiatives related to natural farming and that this fair marks an important first step in that direction.
Also present were Haryana Pond Authority member Tejinder Bidlan, Deputy Director of Agriculture Dr. Karamchand, representatives of the Naveen Jindal Foundation—Dharmveer Singh, Colonel Arun Chandel, Dr. Manish Mishra, Sudeep Dwivedi, Amit Rangta, Krishman Singh, Dr. Abid Ali, Bhushan Pal Mangla, Rahul Dhingra, Rajesh Singhmar, Akash Rana, and Pihowa area in-charge Jeet Ram—along with many other notable personalities.
MapmyIndia Mappls declares Q4 and FY25 Result
New Delhi, India, 10th May 2025: C.E. Info Systems Ltd. (“MapmyIndia”), India’s leading advanced digital maps and deep-tech products and platforms company, announced today its financial results for Full Year and Fourth Quarter of FY2025 ended March 31st 2025.
Key Consolidated Financial Highlights for Full Year and Q4 of FY2025:
Particulars (Rs Cr) |
Q4 FY25 |
Q4 FY24 |
Q4 YoY Growth |
FY25 |
FY24 |
FY YoY Growth |
Revenue from Operations |
143.5 |
106.9 |
34% |
463.3 |
379.4 |
22% |
Total Income |
166.7 |
119.3 |
40% |
515.7 |
417.6 |
23% |
EBITDA |
58 |
39.5 |
47% |
179.9 |
156.2 |
15% |
EBITDA Margin |
40% |
37% |
|
39% |
41% |
|
PAT |
49.0 |
38.2 |
28% |
147.6 |
134.4 |
10% |
PAT Margin |
29% |
32% |
|
29% |
32% |
|
RoCE ex-cash |
|
|
|
95% |
105% |
|
Cash & Cash Equivalents including financial investments |
|
|
|
659.9 |
557.3 |
18% |
Open Order Book at End of Full Year |
|
|
|
1500 |
1,372 |
10% |
Rakesh Verma, Chairman & Managing Director, MapmyIndia, commenting on the Full Year and Fourth Quarter of FY25 results, said “We are happy to report the strong growth in Q4FY25 and a good fiscal year overall. The Board was pleased to express our gratitude to all shareholders by declaring Final Dividend of Rs. 3.50/- per Equity share of Rs. 2/- each at the rate of 175% for the FY25. In Q4FY25, revenue increased by 34% YoY to Rs. 143.5 crore and EBITDA rose by 47% to Rs. 58 crore and PAT grew by 28% to Rs. 49 crore. EBITDA margin in Q4 was 40%. For FY25, revenue rose 22% to Rs. 463.3 crore. EBITDA rose 15% to Rs 179.9 crore and PAT rose 10% to Rs 148 crore, EBITDA margin for full year FY 25 was 39%. We’re happy that momentum picked up in Q3 and Q4 of FY25.
Our Map-led business EBITDA margins remain healthy at 47% and our IoT-led business EBITDA margins expanded from 12% in FY24 to 14% in FY25, as product mix improved and SaaS income increased. Our Open Order Book grew to Rs 1,500 Cr at the end of FY25. Our Order Book achievements give us further confidence that we are on track to our stated milestone of crossing Rs 1000 Cr revenue by FY28.
Our Consumer Tech & Enterprise Digital Transformation (C&E) revenue grew by 30% YoY to Rs 252.5 Cr, and Automotive & Mobility Tech (A&M) revenue grew by 13% to Rs 210.8 Cr. Our Map-led revenue grew by 29% to Rs 345.6 Cr. and IoT led revenue grew by 5% to Rs. 117.7 Cr. Our new licenses in automotive increased to 3+ million in new vehicles (4-wheelers, 2-wheelers and CVs, across ICE and EV segments), as against 2.5 million during FY24. Further, the number of new IoT devices installed (rented and sold additionally) during the year were 2.1+ Lakhs as against 2.9+ Lakhs in FY24, due to strategic shift in focus towards SaaS revenue over hardware sales.
We acquired new B2B and B2B2C customers – including many businesses and enterprises across industry verticals. Customer diversification, de-concentration and retention continued to trend healthily. We have also started to build revenue from the South East Asian market in alignment with our JV company TerraLink Technologies. We were happy with the results of our prudent marketing efforts which led to our crossing the milestone of 30 Million user downloads of the Mappls App and see this as a foundation for future potential consumer business. B2C expenses for consumer business were controlled in this quarter while, we of course continue to relentlessly innovate and invest in enhancing our existing products and technologies, and working on future vision.
Our strategic focus is on enhancing technological capabilities, improving customer engagements and driving operational excellence. To sharpen this focus, our government business, where we see a large opportunity ahead, will be handled by our wholly owned subsidiary, Vidteq, now renamed “Mappls DT”, for accelerating our initiatives in Digital Transformation, Digital Twin, and Defence Technologies to the government. The IoT and logistics SaaS will continue with our 76% owned subsidiary Gtropy. To ramp up these high growth opportunities, Rohan Verma has been appointed as Managing Director of both these subsidiaries w.e.f 1st April, 2025. The parent company will focus on Automotive and Corporate Business. Mappls Brand and App will continue within the parent company.”
Celebrate Mother’s Day with Love, Flavour, and Festive Vibes at Malaka Spice!
This Mother’s Day, Malaka Spice invites you to honour the most special woman in your life with a celebration full of warmth, flavour, and vibrant experiences. On Sunday, May 11, from 11:30 AM to 10:30 PM, guests can soak in the festive vibes at the Malaka Bazaar, a thoughtfully curated lifestyle market featuring artisanal products, fashion, home décor, and more.
To complement the celebration, guests can indulge in delicious mains like Moringa Prawns, Moringa Chicken and the unique Chikoo Cheesecake. Along with that Malaka Spice has also launched a limited-edition ice cream menu with Asian tropical ingredients and seasonal produce from Cherish Farms. The menu includes some unique flavours of ice creams such as Mango Sorbet, Pho Gelato, Milk Chocolate Gelato, Watermelon & Strawberry Sorbet, Kaya jam and vanilla gelato and Cherish Farms Chikoo
Whether you’re treating Mom to a leisurely brunch, a fun day of shopping or a relaxed dinner Malaka Spice promises a heartfelt celebration she’ll always remember.
What: Mother’s Day celebration
When: Sunday, May 11, 11:30 AM onwards
Where: Malaka Spice Koregaon Park