Shikhar Aggarwal, Chairman of BLS E-Services, discusses the company s financial performance, expansion plans, market share, savings accounts, employment opportunities, and its role in bridging the digital gap. BLS E-Services aims for organic and inorganic growth, targeting consolidation in a space with many small players.
Poonawalla Fincorp plans to launch co-branded credit cards this quarter after receiving approval from the RBI. The credit cards will complement their existing product basket and make them an active participant in the payment ecosystem. The strategy for the credit card business includes offering it to their existing customer base and using it as a bundled offering for new customer onboarding. Poonawalla Fincorp aims to be embedded in the payments ecosystem and be a part of their customers daily routine.
"Before 2022, Yatharth was considered as a regional player having presence in and around Noida. However, in May 2022, we acquired our fourth Hospital in Jhansi-Orchha in Madhya Pradesh, adding 305 beds to our capacity, aimed to expand into new geographies and improve our presence in the regional healthcare market. The addition of 305 beds has significantly bolstered our capacity, resulting in impressive quarter-on-quarter performance."
"At Magellanic Cloud, technology is the driving factor for our success. The surge of our order book and in local and export sales from our IT division reflects our team s hard work and dedication. We are confident that we will continue to grow and expand our reach towards greater success. We anticipate 2-3 acquisitions each year and leveraging their resources to drive growth."
In our Cash Logistics business, the network has further expanded in the quarter by 12% YoY with 129,000 business points. This highlights the growth in the bank and retail sectors with organised retail category growing well post-Covid. In our Managed Services and Technology Solutions business, we had new business wins of Rs. 500 cr in Q2 FY24, thereby making our overall order book size Rs. 3,800 crore with 75% of it being already executed."