Timex Group India Reports Strong Q3 FY25 Financial Results

National | January 31, 2025 – Timex Group India Ltd (TGIL), a prominent player in the Indian watch industry and part of the globally renowned Timex Group, has reported an impressive financial performance for the third quarter of fiscal year 2025. Driven by the launch of innovative and premium products, expansion of distribution channels, and strong traction in the luxury and fashion segment, the company achieved a record total income of 120 crores, reflecting a double-digit growth of 27% vs last quarter. Both EBITDA and PBT show the upward journey of the company, each reported at 4.6 crores, and 2.6 crores respectively.

The quarter’s results highlighted strong performance across channels, with traditional trade taking the main stage as the largest sales contributor with an impressive growth of 30%. E-commerce maintained the growth momentum this quarter, while the defence sector demonstrated significant progress, underscoring Timex Group India’s ability to diversify and cater to varied markets effectively.

Timex continues its strong momentum, with the core brand Timex delivering an impressive 36% growth this quarter. In the fashion segment, Guess recorded a solid 17% growth. Notably, Philipp Plein, a key brand in the licensed luxury portfolio, 82% Growth in Q3, underscoring the segment’s robust performance.

Timex Group India Ltd financial highlights for YTD FY25

Business Performance

  • Total income reached ₹403.7 crores, showing an impressive 23% double-digit growth
  • Profit Before Tax (PBT) also saw an increase of 62%, indicating strong financial health
  • Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) grew by 44%

Channel Performance

  • E-commerce grew by 31%,
  • Trade saw an impressive growth of 22% while other channels had a healthy double-digit growth

Brand Performance

  • Timex maintained the growth momentum with a 22% increase
  • Luxury brand Versace, saw a spectacular growth of 37%
  • Guess grew by 29%
  • Philipp plein at 337%

Mr. Deepak Chhabra, Managing Director, Timex Group India Ltd, commented on the quarter’s performance, “We are excited to share yet another successful quarter performance, which is a result of our continuous focus on delivering exceptional craftsmanship and tapping into emerging market opportunities in the premium segment. The outstanding performances of our flagship Timex brand coupled with fashion and luxury segments, inspire us to keep innovating and expanding our reach to meet India’s growing appetite for premium timepieces.”

The quarter was also marked by the 170th-anniversary limited edition 1-dollar watch launch, showcasing the legacy of Timex in the art of watchmaking, amplifying the brand’s visibility, and strengthening consumer engagement across platforms. Collaborations with globally recognized brands and designers such as Fortnite, James Brand, and Jacquie Aiche further solidified Timex’s appeal among India’s modern, style-conscious consumers. The festive season launches witnessed the acceptance of premium collections, including the Timex Fria Peekaboo range which introduced watches with unique, modern designs.

Timex Group India Ltd is charting a clear course for sustained growth reaching new milestones each quarter. The company plans to deepen its presence in high-potential areas including airport retail, introducing premium brands, and diversifying its portfolio with new categories like Guess Jewellery further enhancing its consumer connection.

Timex continues with its commitment to watchmaking with the launch of a limited-edition watch designed by Timex’s Milan-based Creative Director, Giorgio Galli, whose passion for minimalist design and functional elegance has set him apart in the watch industry. Limited to just 500 pieces, the Giorgio Galli S2Ti is the final evolution of the iconic S series that redefines sophistication, seamlessly blending contemporary design with exceptional durability. Enhanced digital experiences are a top priority to keep pace with India’s rapidly evolving consumer landscape.

The European Union Back as Jaipur Literature Festival Partner

Jaipur, 30 January 2025: The European Union (EU) is set to partner again with the Jaipur Literature Festival for the upcoming edition from 30 January to 3 February in the Pink City. This partnership celebrates the vibrant cultural and literary ties between the EU and India, showcasing the rich diversity of European literature and its unique cultural and linguistic heritage at the ‘greatest literary show on Earth’. Bringing together leading voices from literature, politics, science, and the arts, the festival is a forum for meaningful exchange.

The festival will feature an impressive cohort of over 15 EU authors, including Gabriela Ruivo, the European Union Prize for Literature (EUPL) 2024 nominee. Cheyenne Olivier, Philippe Claudel and Ira Mukhoty from France; Cauvery Madhavan, Jessica Traynor and Jane Ohlmeyer from Ireland; David Hernández de la Fuente, Santiago Íñiguez de Onzoño, Francesc Miralles and Santiago Roncagliolo from Spain; Bruno Maçães from Portugal; Daniil Tolstoy from Sweden; Yaroslav Trofimov and Livia Manera Sambuy from Italy; Kader Abdolah from the Netherlands; Tonio Schachinger from Austria; Zygmunt Miłoszewski from Poland; and Mark Mobius, Jenny Erpenbeck and Michael Hofmann from Germany will participate in a variety of sessions bringing stories and experiences that reflect Europe’s diversity and creativity. In addition, EU Ambassador Hervé Delphin and Irish Ambassador Kevin Kelly will also join as panellists.

As part of the partnership, the EU Delegation to India will also co-host the festival’s inaugural reception, spotlighting the rich confluence of European and Indian literary traditions. This collaboration further strengthens the EU’s longstanding relationship with India, emphasizing the importance of literary and cultural connections in fostering global partnerships.

At the Festival, H.E. Hervé Delphin, European Union Ambassador to India, will join the EU authors in engaging audiences through thought-provoking discussions for the session “Books, Ideas, and Digital Ecosystem” on 30th January, along with Brian Murray, CEO of HarperCollins, and academic and writer Mukulika Banerjee, moderated by Sanjoy K. Roy, Managing Director, Teamwork Arts.

Talking about the long-standing partnership with the Jaipur Literature Festival, Ambassador Delphin said, “For the EU, partnering with the Jaipur Literature Festival is not only about celebrating a shared love of literature with India – it’s about sparking conversations that impact society, fostering creativity, and strengthening our cultural ties. By bringing together Indian and European voices, we’re creating a unique moment that showcases the richness of our combined storytelling traditions.” He added, “Our strong EU-India bilateral strategic partnership needs to be nurtured by people-to-people interaction. Culture is part of that canvas and literature is a powerful medium for building understanding and affinities. Over 15 European authors will be in Jaipur to share fresh perspectives, bold ideas, and stories that connect. This year, as we look forward to elevating our partnership with India, we’re also taking our partnership with the Festival to new heights.”

Sanjoy K. Roy, Managing Director, Teamwork Arts, said: “We are delighted to partner with the European Union at the 18th Jaipur Literature Festival. With over 35 writers coming from across Europe, this collaboration is about discovering Europe through the lens of literature. It’s an honour to host the European Union Prize for Literature (EUPL) and feature their 2024 nominee, Gabriela Ruivo, as part of this literary celebration.”

EUPL Nominee 2024 Gabriela Ruivo is an acclaimed Portuguese writer, and the winner of several literary awards. Celebrated for her exploration of themes such as identity, memory, and the human experience, Gabriela’s works have resonated with readers worldwide. She will discuss her journey across genres and borders at the Festival at the session, ‘The Portrait of Life’ along with Tonio Schachinger and Swati Chopra. Expressing her thoughts, she said: “I am excited to participate in the Jaipur Literature Festival, a space where the world comes together through literature. I look forward to engaging in meaningful conversations with fellow authors and readers, publishers and translators, exploring how literature can inspire creativity and change.”

The Jaipur Literature Festival, held annually in the vibrant city of Jaipur, Rajasthan, will take place from 30 January to 3 February 2025. Drawing thousands of literary enthusiasts, authors, and cultural leaders from across the globe, the Festival is a hub for global conversations on literature, arts, and culture.

ASICS India Unveils Limited Edition Gear for 2025 New Delhi Marathon

Mumbai, India (January 30, 2025): ASICS, the global Japanese sportswear brand, today launched the limited-edition rerchandise as the official sports goods partner for the upcoming Apollo Tyres New Delhi Marathon 2025, celebrating the 10th Edition of this marathon. The merchandise was launched digitally, unveiling the official race day look of Apollo Tyres New Delhi Marathon scheduled on February 23rd, 2025. This exclusive collection is now available on ASICS website and across stores.

The limited-edition merchandise for the 10th edition of Apollo Tyres New Delhi Marathon draws inspiration from New Delhi’s distinctive archaeological style. The race day t-shirt is inspired from the C-hexagonal layout of the India Gate Complex, and the repeating pattern and typography reflects the geometric style of Mughal architecture in the capital city. This pattern is often visible in the intricate architectural designs across historic landmarks such as Humayun’s Tomb, Qutub Minar, Red Fort, amongst others. A classic fit, this t-shirt is designed with lightweight, breathable fabric that wicks away sweat, ensuring runners stay comfortable throughout the course of the run. Available in two variants – soft berry for women and blue coast for men, the t-shirt reflects the true spirit of the city in every aspect.

The official race day footwear ASICS GEL-NIMBUS 27, offers superior FF BLAST™ PLUS ECO cushioning to deliver landing on the cloud experience and comfort, making it the ideal choice for the marathon. The HYBRID ASICSGRIP™ outsole, combining ASICSGRIP™ rubber and AHARPLUS™ materials, provides superior grip and durability, making it perfect for various terrains and ensuring excellent traction and soft landings throughout your run. The women’s shoe comes in white colour with ASICS logo in white/light ube, while men’s shoe is available in wave teal/saxon green. These shoes are engineered for performance, ensuring runners experience maximum comfort throughout the race.

The collection is designed to unite marathon participants in a spirit of harmony and shared purpose. The merchandise encapsulates the historic essence of Delhi, fostering a deep connection with the runners of the Apollo Tyre New Delhi Marathon 2025.

Mr. Rajat Khurana, Managing Director, ASICS India and South ASIA said, “ASICS being the official sports goods partner for Apollo Tyres New Delhi Marathon 2025, we are delighted to launch our exclusive race day merchandise. This collection marks special as it draws inspiration from the city’s dynamic architecture, rich history and culture. This is our second year as the official sports goods partner for the marathon, and we stay committed in our mission to providing high-performance gear to the runners that not only empowers them to accomplish their best on race day, but also inspires them to achieve their individual goals and celebrate their journey.”

Speaking on the occasion Mr. Nagraj Adiga, Chairman and Managing Director of NEB Sports, stated, “We are thrilled to continue our association with ASICS for the Apollo Tyres New Delhi Marathon 2025 as the official sports goods partner. Their innovative designs, backed with unmatched technology to enhancing the runner’s experience and performance, makes them an ideal partner for the marathon. We look forward to seeing participants across the city, race in the limited-edition ASICS merchandise that embodies the spirit of New Delhi.”

Godrej Agrovet Launches Argo Rid for Fish Lice Control

Chandigarh 28January, 2025: Godrej Agrovet Limited (Godrej Agrovet) today announced the launch of Argo Rid, a fish lice controller. Developed in collaboration with the Indian Council of Agricultural Research (ICAR) – Central Institute of Fisheries Education (CIFE), the product helps in healing of lesions due to parasitic attachment (Argulus Spot) on the fishes in addition to boosting their immune system thereby aiding enabling aqua farmers take better care of their fish’s health.

Argulus infections have long plagued the Aquaculture industry, affecting nearly 48% of Indian aquaculture ponds and causing an estimated annual loss of USD 62.5 million.[1] ArgoRid addresses this challenge through its farmer-friendly, easy-to-use formulation, making it accessible to both small-scale and large commercial fish farmers who can seamlessly integrate it into their existing feeding practices.

Commenting on the launch, Balram Singh Yadav, Managing Director, Godrej Agrovet said, “At Godrej Agrovet, we are committed to offering research-driven solutions that enhance farm efficiency and uplift farming families while maintaining sustainability. Hence in our quest to contribute to nation’s Blue Revolution, we delighted to empower fish farmers with a reliable, easy-to-use, and effective tool to combat one of the industry’s biggest challenges. Leveraging the technical expertise of ICAR-CIFE and our distribution reach, we certainly believe that such public-private partnerships will play a critical role in driving meaningful advancements in the industry and strengthen the position of our country’s Fisheries sector on the global map.”

Dr. Mohammad Aklakur, Scientist, ICAR-CIFE also shared his views on the product. “The introduction of ArgoRid is a breakthrough from a scientific perspective because it proves that nutraceuticals can be effective treatments in controlling fish lice infestations. Its formulation not only eliminates fish lice but also enhances immunity, promotes wound healing, and improves overall fish health. Developed through extensive research at ICAR-CIFE, ArgoRid provides a scalable and effective solution to one of the industry’s major challenges.”

Dhrubajyoti Banerjee, CEO-Aquafeed Business, Godrej Agrovet Ltd said, “India ranks third in global fish production, contributing 8% to the total output. Inland aquaculture, which is the main contributor with 2.36 MN Ha of pond area[2], has registered tremendous growth but still has significant potential to improve productivity.[3] Hence for a sector that plays a crucial role in nutritional security, foreign exchange earnings, and employment generation, ArgoRid represents a significant innovation for strengthening India’s aquaculture sector and ensuring long-term economic benefits for farmers by improving fish survival rates and boosting productivity.”

ArgoRid should be mixed uniformly with farm-made or commercial feed, with a recommended dosage of 3 kg per 100 kg of feed. The feeding regimen involves an initial two-day series, followed by a dose on the seventh day, and two additional applications at 15-day intervals if infestation persists. For optimal results, feeding should be carried out on clear and sunny days, ensuring maximum absorption and effectiveness.

By bridging technological advancements with on-the-ground support, Godrej Agrovet’s Aqua Feed Business is creating an ecosystem of support that addresses critical gaps in scientific fish farming. Creating a comprehensive ecosystem that has the potential to transform how fish farmers manage seasonal productivity challenges, company is committed to building a stronger aquaculture ecosystem through enhanced farmer empowerment and sustainable practices.

Honda Launches 2025 Activa: Scooter Bole Toh Activa

Mumbai, 24 January 2025: Honda Motorcycle & Scooter India (HMSI) today launched the new OBD2B-compliant version of the Activa, taking India’s most loved scooter to the next level of technology, convenience, and sustainability. The updated Activa now comes equipped with a host of advanced features, designed to cater to the evolving needs of customers.

Introducing the New Activa, Mr. Tsutsumu Otani, Managing Director, President & CEO, Honda Motorcycle & Scooter India, said, “The Activa has always been at the forefront of redefining mobility for Indian customers. With its latest 2025 iteration, it continues to embody the perfect blend of innovation, convenience, and reliability that has made it India’s most loved scooter. The addition of the TFT display with Bluetooth connectivity and the OBD2B-compliant engine demonstrates our commitment to staying ahead of the curve in terms of technology and sustainability. We are confident that the new Activa will not only elevate the riding experience for our customers but also reinforce Honda’s leadership in the Indian scooter market.”

Commenting on this announcement, Mr. Yogesh Mathur, Director, Sales and Marketing, Honda Motorcycle & Scooter India, said, “The Activa is more than just a scooter, it is a trusted companion for crores of families across India and proudly stays true to its tagline ‘Scooter bole toh Activa’. The new 2025 Activa raises the bar with its smart features like a 4.2-inch TFT display with Bluetooth connectivity & navigation, idling stop system, and USB Type-C charging port, all tailored to meet the evolving needs of customers. As India’s favourite scooter, the Activa has always been synonymous with convenience and reliability. With the introduction of the OBD2B model, we are delighted to take a step further towards a cleaner future.”

New Activa: New Colours and Advanced Features

The updated Activa gets several mechanical updates, designed to meet the upcoming regulations, and elevate the riding experience of customers. At its heart is a 109.51cc, single-cylinder PGM-Fi engine that is now OBD2B compliant. It develops 5.88 kW of power at 8,000 RPM and 9.05 Nm of peak torque at 5,500 RPM. It is also equipped with Idling stop system to enhance fuel efficiency.

In terms of features, the Activa sports a new 4.2-inch TFT display with Bluetooth connectivity. It is compatible with Honda RoadSync app, enabling functions like navigation and call/message alerts, allowing riders to stay connected even while on the move. The Activa is now also equipped with a USB Type-C charging port, ensuring convenience for riders to charge their devices on the go.

The Activa retains its iconic silhouette and now gets alloy wheels even for the DLX variant apart from the top-spec H-Smart one, further enhancing its visual appeal. It will be offered in three variants, STD, DLX and H-Smart, with six colour options on sale. They are – Pearl Precious White, Decent Blue Metallic, Pearl Igneous Black, Mat Axis Gray Metallic, Rebel Red Metallic, and Pearl Siren Blue.

Bharat Value Fund Series 3 Raises INR 1,250 Crore

Chandigarh, January 22, 2025: Bharat Value Fund– a category II AIF by India Inflection Opportunity trust has announced the first close of its third fund—Bharat Value Fund (BVF) Series 3—at INR 1,250 crore. The fund is managed by The Wealth Company Pvt Ltd, formerly known as Pantomath Capital Management Pvt Ltd. The milestone was achieved in a record 45 days, reaffirming the firm’s leadership in the mid-market Alternative Investment Fund (AIF) segment, especially in the closed equity segment. With a target corpus of INR 2,500 crore, including a green shoe option of INR 1,000 crore, BVF Series 3 underscores the firm’s commitment to driving growth in India’s entrepreneurial ecosystem.

This achievement builds on The Wealth Company’s remarkable fundraising trajectory. Over the past year, Bharat Value Fund has raised a total of INR 3,000 crore across Series 2 and Series 3, establishing itself as one of the fastest-growing funds in the AIF equity segment.

Commenting on the First Close of BVF Series 3 Fund, Madhu Lunawat, Managing Director, The Wealth Company said, “The Wealth Company is committed to fostering India’s mid-market growth through strategic investments and active ownership. We are humbled by the trust our investors have placed in our vision and execution capabilities. We remain dedicated to unlocking value for our stakeholders and driving the next phase of growth in India’s entrepreneurial ecosystem.”

At the core of The Wealth Company approach is a sector-agnostic investment thesis focused on resilient, asset-backed businesses. Through Bharat Value Fund, the fund targets mid-market, high-growth enterprises with revenues between INR 300 crore and INR 1000 crore. These businesses, often rooted in Tier 2 and Tier 3 cities, are strategically positioned for scale, profitability, and value creation. The fund emphasizes structured exit strategies, including IPOs within 30-36 months, while offering alternative paths such as PE or M&A.

The Wealth Company adopts an active ownership model, providing portfolio companies with comprehensive support in strategy, recruitment, business development, and corporate governance. This approach ensures sustainable value creation while delivering consistent returns for investors.

The Wealth Company’s AIF business has demonstrated unparalleled momentum in the alternative investments space. BVF Series 1 raised INR 500 crore in 2023, establishing a foundation for growth in the mid-market segment. BVF Series 2 further cemented the confidence of the investors and got commitments of more than INR 1800 crore earlier this year. With the first close of the third fund at INR 1,250 crore in record time, the company plans to achieve the full target corpus of INR 2,500 crore by mid-2025.

The Future of Indian Housing

Akash Pharande,

By  Mr. Akash Pharande, Managing Director – Pharande Spaces

India’s urban population explosion is causing its bigger cities to burst at the seams. Overcrowding, pollution, traffic congestion, and deteriorating infrastructure are the ‘new normal’ – a state of affairs that we have begun to accept as inevitable.

According to the United Nations, about 40% of the Indian population will live in urban areas by 2030. The pressure this puts on housing, transportation, and basic amenities in our cities is immense. Because of these urban ‘growing pains’, many citizens have become disillusioned with their cities and are even considering moving to smaller, less crowded, and less expensive tier 2 and tier 3 cities.

However, there are two catches to this way of thinking – one, most employment opportunities are in our larger cities. Two, the hammer of development is bound to catch up even in the smaller cities. Is there a way for citizens to regain a wholesome, uncluttered lifestyle without abandoning their cities of choice? There is. Integrated townships are a viable solution. But before we get into that, let’s first examine the real-time challenges that our cities increasingly face.

Traffic Congestion

India’s cities are notorious for their traffic woes. In cities like Mumbai, Delhi, and Bengaluru, residents spend hours in gridlocked traffic every day. According to a 2021 report by TomTom, Bengaluru ranked as the sixth-most congested city in the world, with commuters spending an average of 71% extra travel time during rush hour. This congestion takes a toll not only on the economy but also on the well-being of urban dwellers, since long commutes lead to increased stress, reduced productivity, and poor mental health.

Pollution and Environmental Degradation

city

Air pollution is another pressing issue in Indian cities. The World Health Organization (WHO) ranks several Indian cities, including Delhi, Kanpur, and Lucknow, among the most polluted globally. In 2020, air pollution caused an estimated 1.7 million deaths in India, according to a study published in The Lancet. The over-reliance on private vehicles, combined with unchecked industrial emissions has led to worsening air quality, making it hazardous for people to live and work in densely populated urban environments.

Overcrowding and Infrastructure Strain

With the growing influx of people into cities, housing and infrastructure are stretched to the limit. Many Indian cities are ill-equipped to handle their burgeoning populations – resulting in cramped living conditions, inadequate water supply, and frequent power outages. This overcrowding exacerbates social and health issues, leading to an overall decline in quality of life.

The Solution – Integrated Townships

township

Amid these escalating challenges, integrated townships are the most viable alternative to traditional urban housing models. These large-scale developments are self-sustaining communities that combine residential, commercial, recreational, and educational facilities in one comprehensive layout. Unlike conventional city apartments, which are often isolated and disconnected from essential amenities, integrated townships provide a more balanced and convenient lifestyle.

Integrated Townships – A Brief History

Integrated townships began emerging in India during the 1980s and 1990s. Even before that, cities like Jamshedpur – founded in 1907 by the Tata Group to support their workforce – served as early examples of self-contained, self-sustaining communities. Jamshedpur was among the pioneers of integrated urban living in India where residential spaces were developed alongside recreational spaces like parks and essential services such as schools and medical facilities.

Chandigarh, planned by Le Corbusier in the 1950s, is another prime example of a development plan where housing and public facilities were created alongside commercial business centres. However, these were entire cities with their own municipalities. The concept of integrated townships – large residential complexes developed along with retail, office, civic and lifestyle developments – started gaining momentum in the 2000s.

Today, these townships have emerged as the single most transformative solution, offering a holistic living environment that promotes sustainability, convenience, and a better quality of life. They have become even more relevant if we consider the increasing chaos of modern city life.

Convenience and Reduced Commuting

One of the biggest advantages of integrated townships is the proximity to workplaces, schools, healthcare facilities, shopping centres, and entertainment options. By reducing the need for long commutes, these developments save residents time and money while alleviating traffic congestion in major cities. According to one report, more than 80% of homebuyers in metropolitan areas now prefer housing projects which are within a 10-kilometer radius of their workplaces.

Sustainable and Environmentally Friendly

Integrated townships are also designed with sustainability in mind. Green spaces, efficient waste management systems, rainwater harvesting, and renewable energy sources are increasingly becoming standard features of these developments. Integrated townships with eco-friendly infrastructure reduce carbon footprints and command a higher premium over non-sustainable developments. Moreover, by centralizing resources and infrastructure, integrated townships can reduce the strain on municipal services, thus promoting a more sustainable and resilient urban ecosystem.

Improved Quality of Life

Integrated townships prioritize the well-being of their residents by offering a range of recreational and wellness facilities. From parks and sports complexes to community centres and healthcare services, these projects are designed to cater to all age groups and lifestyle preferences. They foster a sense of community and safety, with round-the-clock security and controlled access points ensuring a secure living environment.

Moreover, the availability of schools and educational institutions within the township means that families do not need to send their children far from home, reducing stress and providing a better work-life balance. Many leading minds in the real estate industry have recognized integrated townships as the future of housing, particularly in countries experiencing rapid urbanization like India.

Not surprisingly, integrated townships outperformed standalone residential projects in both price appreciation and rental yields because of the superior convenience and amenities they offer. Furthermore, the demand for integrated townships is not limited to the residential segment.

After the COVID-19 pandemic, more and more businesses have realized how important it is to have their operations closer to where their employees live. As a result, the commercial real estate segment is also seeing a surge in demand for office spaces within township developments, thanks to the growing trend of the ‘walk-to-work’ lifestyle.

Towards a Better Residential Experience

As India’s cities continue to expand, the traditional model of urban housing is proving to be increasingly untenable and homebuyers now seek alternatives that offer convenience, sustainability, and a better quality of life. Integrated townships are the answer, and will therefore account for more and more Indian residential spaces in the years to come.

About the Author:

akash

Akash Pharande is Managing DirectorPharande Spaces, a leading real estate construction and development firm famous for its township projects in Greater Pune and beyond. Pharande Promoters & Builders, the flagship company of Pharande Spaces and an ISO 9001-2000 certified company, is a pioneer of townships in the region. With the recent inclusion of Puneville Commercial into one of its most iconic townships, Pharande Spaces taken a major step towards addressing Pune’s current and future requirements for fully integrated residential-commercial convenience

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.

Financial Performance 1

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.