Latest news with #AnujJain
Business Standard
17 hours ago
- Business
- Business Standard
PSBXchange Onboards Leading B2B SaaS SME Platforms and Fintechs to Power Embedded Supply Chain Finance Solutions
NewsVoir Mumbai (Maharashtra) [India], June 4: PSBXchange, India's flagship multi-lender embedded supply chain finance ecosystem, powered by Veefin Solutions & PSB Alliance, has announced the onboarding of several prominent B2B SaaS SME platforms and SCF Fintechs - IBSFINtech, Xtracap Fintech, Metalbook, Supermoney, Avysh, Techpanion, Invoyz, Capwing, Finsso, Deleverage & many more - allowing them to deliver seamless, embedded supply chain finance (SCF) and working capital solutions to a large pool corporate customers and their channel partners. These companies specialize in multiple verticals across the ecosystem such as accounts payable automation, distribution technology, spend management, corporate treasury management, supply chain finance management and SME financial enablement. They will now leverage PSBXchange's infrastructure to offer real-time, multi-lender financing options directly within their platforms. This feat would normally take a lifetime to achieve by a single B2B SaaS platform, but by onboarding with PSBXchange, this not only increases the volume of transactions on these platforms but increases access to capital therefore contributing to the growth of the SCF ecosystem in the country. Anuj Jain, Head of Partnerships, PSBXchange, Veefin said, "PSBXchange is designed to democratize access to working capital by embedding financial services at the point of need. By embedding Supply Chain Financing workflows in B2B SaaS Platforms, ERPs, DMS, B2B Marketplaces, Treasury management Solutions, etc., we're enabling corporates, dealers, distributors, and vendors to access capital faster and more transparently from various PSUs and Private Banks." Why These Platforms? These companies serve a diverse base of corporates and brands through SaaS platforms that digitize and streamline critical B2B trade and payment workflows, including accounts payable, distributor management, treasury management and expense automation. By integrating with PSBXchange, they can now provide embedded SCF solutions to clients -- all through a single API integration suite. How the Partnership Works: Via PSBXchange, these platforms can offer their customers access to a wide network of Public Sector Units (PSUs) and private lenders -- including banks and NBFCs - for invoice-based financing, dealer/vendor funding, and working capital credit lines. PSBXchange's platform offers: - Multi-lender onboarding and transaction APIs - Real-time credit decisioning - Single-window access to PSUs and Private Banks - Increased capital accessibility, financing efficiency and compliance monitoring This collaboration empowers platforms to be not just software enablers, but also financial enablers for the SME and mid-market ecosystem. Founders and leaders from these platforms shared their thoughts on how this partnership will help boost financial access and support growth across the supply chain ecosystem. CM Grover, MD and CEO, IBSFINtech At IBSFINtech, we've always believed the future of treasury lies in a connected ecosystem. Embedding Supply Chain Finance in our TreasuryTech business is a natural extension of our core product, augmenting it with innovative invoice-based financing and much more. Our partnership with PSBXchange marks a significant stride in this journey, expanding our reach and enabling our esteemed corporate clients and their channel partners to access a broad network of banks-all within our powerful treasury platform. This collaboration represents a major milestone in fostering a financially inclusive supply chain ecosystem for Bharat. Mohammed Riaz, CEO and MD, Xtracap Fintech "Our mission has always been to bridge the credit gap for small businesses through innovative, cash flow-based invoice financing. This partnership with PSBXchange significantly extends our reach and amplifies our impact by seamlessly connecting our MSME customers to a wide network of banks-all from within our platform. It's a major step forward in building a financially inclusive and affordable supply chain ecosystem for Bharat." Raghavendra Pratap Singh, Co-founder, Metalbook Metalbook's partnership with PSBXchange is a game-changer for the metal industry -- unlocking deep-tier financing from raw material suppliers to end consumers. By bringing affordable capital to every level of the supply chain, we're solving one of the biggest challenges in this working capital-heavy ecosystem. Together with PSBs, Metalbook's on-ground intelligence, full transaction visibility, and data-led insights will enable sharper credit decisions -- collectively driving a more inclusive, efficient, and scalable financing ecosystem for the metal industry. Nikhil Banerjee, Co-founder, Supermoney For MSMEs to grow, access to real-time capital is no longer optional - it's critical. By embedding PSBXchange's robust SCF capabilities into Supermoney's ecosystem, we're giving our clients the power to unlock liquidity when and where they need it. This partnership with Veefin is set to be a gamechanger in the ecosystem that is being built around focusing on liquidity for MSMEs at scale and we're expecting this contribution to grow multi-fold using the PSBXchange platform. Tejas Sati, Keerthan Shetty and Nachiket, Co-founders, Avysh "At Avysh, we digitise channel commerce to make the channel ecosystem truly ready for digital commerce era in the FMCD verticals. With PSBXchange, we are now taking the next big leap by integrating financing directly into channel commerce workflows - removing friction for channel partners and brands and enabling faster commerce across the ecosystem." Ritesh Agarwal, Founder and CEO, Invoyz Invoyz has always believed in making invoice financing simple, fast, and transparent. Through PSBXchange, we are giving our Anchor and SME users instant access to a marketplace of lenders, right from the Invoyz platform. This embedded finance partnership transforms Invoyz into a true financial enabler for anchors and distributors. Dhruv Suri, Founder, Deleverage Technologies Deleverage's core mission is addressing the credit gap faced by MSMEs through innovative invoice financing solutions. Our collaboration with PSBXchange enhances our reach and effectiveness by seamlessly integrating access to an extensive banking network for our users. This represents a substantial advancement in establishing a financially inclusive supply chain ecosystem for Bharat. PSB Alliance, a company setup by all Public Sector Banks of India, is dedicated to delivering integrated, technology-enabled financial services across India. The alliance focuses on delivering integrated, technology-driven banking services nationwide, aiming to enhance the efficiency and reach of banking operations. For more details, The Veefin Group of Companies is on a mission to become the Global No.1 Working Capital Technology Platform. Veefin Group addresses every aspect of optimizing Working Capital, by offering solutions across end-to-end digital Supply Chain Finance, Digital identity verification and automated financial statement analysis, debt securitization, cash management, trade finance, automated Accounts Receivable (AR) & Accounts Payable (AP) and software consulting and services by deploying innovative, agile & scalable technology, Artificial Intelligence (AI), Machine Learning (ML), and Natural Language Processing (NLP) to deploy software consulting, creative and media solutions, MarTech capabilities, trade finance, cash management, and automated receivables. Veefin Group also builds white-labeled Supply Chain Finance and Digital Lending solutions including end-to-end Lending Stack, Smart Credit Decisioning, Business Intelligence, Analytics and Omni-channel Onboarding for Banks, Financial Institutions, Fintechs, B2B marketplaces, and Corporates. Part of the Veefin Group of companies, Veefin Solutions Ltd. the parent Company is listed on BSE SME.
Fashion Value Chain
a day ago
- Business
- Fashion Value Chain
PSBXchange Onboards Leading B2B SaaS SME Platforms and Fintechs to Power Embedded Supply Chain Finance Solutions
PSBXchange, India's flagship multi-lender embedded supply chain finance ecosystem, powered by Veefin Solutions & PSB Alliance, has announced the onboarding of several prominent B2B SaaS SME platforms and SCF Fintechs – IBSFINtech, Xtracap Fintech, Metalbook, Supermoney, Avysh, Techpanion, Invoyz, Capwing, Finsso, Deleverage & many more – allowing them to deliver seamless, embedded supply chain finance (SCF) and working capital solutions to a large pool corporate customers and their channel partners. These companies specialize in multiple verticals across the ecosystem such as accounts payable automation, distribution technology, spend management, corporate treasury management, supply chain finance management and SME financial enablement. They will now leverage PSBXchange's infrastructure to offer real-time, multi-lender financing options directly within their platforms. This feat would normally take a lifetime to achieve by a single B2B SaaS platform, but by onboarding with PSBXchange, this not only increases the volume of transactions on these platforms but increases access to capital therefore contributing to the growth of the SCF ecosystem in the country. Anuj Jain, Head of Partnerships, PSBXchange, Veefin said, 'PSBXchange is designed to democratize access to working capital by embedding financial services at the point of need. By embedding Supply Chain Financing workflows in B2B SaaS Platforms, ERPs, DMS, B2B Marketplaces, Treasury management Solutions, etc., we're enabling corporates, dealers, distributors, and vendors to access capital faster and more transparently from various PSUs and Private Banks.' Why These Platforms These companies serve a diverse base of corporates and brands through SaaS platforms that digitize and streamline critical B2B trade and payment workflows, including accounts payable, distributor management, treasury management and expense automation. By integrating with PSBXchange, they can now provide embedded SCF solutions to clients – all through a single API integration suite. How the Partnership Works: Via PSBXchange, these platforms can offer their customers access to a wide network of Public Sector Units (PSUs) and private lenders — including banks and NBFCs – for invoice-based financing, dealer/vendor funding, and working capital credit lines. PSBXchange's platform offers: Multi-lender onboarding and transaction APIs Real-time credit decisioning Single-window access to PSUs and Private Banks Increased capital accessibility, financing efficiency and compliance monitoring This collaboration empowers platforms to be not just software enablers, but also financial enablers for the SME and mid-market ecosystem. Founders and leaders from these platforms shared their thoughts on how this partnership will help boost financial access and support growth across the supply chain ecosystem. CM Grover, MD and CEO, IBSFINtech At IBSFINtech, we've always believed the future of treasury lies in a connected ecosystem. Embedding Supply Chain Finance in our TreasuryTech business is a natural extension of our core product, augmenting it with innovative invoice-based financing and much more. Our partnership with PSBXchange marks a significant stride in this journey, expanding our reach and enabling our esteemed corporate clients and their channel partners to access a broad network of banks-all within our powerful treasury platform. This collaboration represents a major milestone in fostering a financially inclusive supply chain ecosystem for Bharat. Mohammed Riaz, CEO and MD, Xtracap Fintech 'Our mission has always been to bridge the credit gap for small businesses through innovative, cash flow-based invoice financing. This partnership with PSBXchange significantly extends our reach and amplifies our impact by seamlessly connecting our MSME customers to a wide network of banks-all from within our platform. It's a major step forward in building a financially inclusive and affordable supply chain ecosystem for Bharat.' Raghavendra Pratap Singh, Co-founder, Metalbook Metalbook's partnership with PSBXchange is a game-changer for the metal industry – unlocking deep-tier financing from raw material suppliers to end consumers. By bringing affordable capital to every level of the supply chain, we're solving one of the biggest challenges in this working capital-heavy ecosystem. Together with PSBs, Metalbook's on-ground intelligence, full transaction visibility, and data-led insights will enable sharper credit decisions – collectively driving a more inclusive, efficient, and scalable financing ecosystem for the metal industry. Nikhil Banerjee, Co-founder, Supermoney For MSMEs to grow, access to real-time capital is no longer optional – it's critical. By embedding PSBXchange's robust SCF capabilities into Supermoney's ecosystem, we're giving our clients the power to unlock liquidity when and where they need it. This partnership with Veefin is set to be a gamechanger in the ecosystem that is being built around focusing on liquidity for MSMEs at scale and we're expecting this contribution to grow multi-fold using the PSBXchange platform. Tejas Sati, Keerthan Shetty and Nachiket, Co-founders, Avysh 'At Avysh, we digitise channel commerce to make the channel ecosystem truly ready for digital commerce era in the FMCD verticals. With PSBXchange, we are now taking the next big leap by integrating financing directly into channel commerce workflows – removing friction for channel partners and brands and enabling faster commerce across the ecosystem.' Ritesh Agarwal, Founder and CEO, Invoyz Invoyz has always believed in making invoice financing simple, fast, and transparent. Through PSBXchange, we are giving our Anchor and SME users instant access to a marketplace of lenders, right from the Invoyz platform. This embedded finance partnership transforms Invoyz into a true financial enabler for anchors and distributors. Dhruv Suri, Founder, Deleverage Technologies Deleverages core mission is addressing the credit gap faced by MSMEs through innovative invoice financing solutions. Our collaboration with PSBXchange enhances our reach and effectiveness by seamlessly integrating access to an extensive banking network for our users. This represents a substantial advancement in establishing a financially inclusive supply chain ecosystem for Bharat. About PSB Alliance PSB Alliance, a company setup by all Public Sector Banks of India, is dedicated to delivering integrated, technology-enabled financial services across India. The alliance focuses on delivering integrated, technology-driven banking services nationwide, aiming to enhance the efficiency and reach of banking operations. For more details, About Veefin Group The Veefin Group of Companies is on a mission to become the Global No.1 Working Capital Technology Platform. Veefin Group addresses every aspect of optimizing Working Capital, by offering solutions across end-to-end digital Supply Chain Finance, Digital identity verification and automated financial statement analysis, debt securitization, cash management, trade finance, automated Accounts Receivable (AR) & Accounts Payable (AP) and software consulting and services by deploying innovative, agile & scalable technology, Artificial Intelligence (AI), Machine Learning (ML), and Natural Language Processing (NLP) to deploy software consulting, creative and media solutions, MarTech capabilities, trade finance, cash management, and automated receivables. Veefin Group also builds white-labeled Supply Chain Finance and Digital Lending solutions including end-to-end Lending Stack, Smart Credit Decisioning, Business Intelligence, Analytics and Omni-channel Onboarding for Banks, Financial Institutions, Fintechs, B2B marketplaces, and Corporates. Part of the Veefin Group of companies, Veefin Solutions Ltd. the parent Company is listed on BSE SME. Incorporated in 2020, Veefin is headquartered in Mumbai with offices in Dhaka (Bangladesh) & Ahmedabad. For more details, visit Website | LinkedIn | Facebook | Twitter.
Time of India
3 days ago
- Business
- Time of India
Investing in these 3 chemical sector stocks can give good returns now as sector is reviving
After a lull of about three years, India's chemicals sector now appears poised for an upgrade. If you are looking for a contrarian investment strategy , then you might want to take a small exposure to this sector. Here's why. On a rebound The sector saw a marginal but noticeable improvement in performance during the January–March 2025 quarter. While much of the gain can be attributed to the low base effect, analysts remain optimistic. Of the 32 companies tracked by Reuters-Refinitiv (with estimates from at least two analysts), 19—or 59.3%—beat net profit expectations for the quarter. Anuj Jain, Co-founder of Green Portfolio PMS, says the March quarter results signal the beginning of an upcycle in the chemicals industry after a pause of nearly 2–3 years. Though valuations remain high for several large-cap stocks in the sector, many mid- and small-cap companies are still available at attractive valuations. A bleak past The chemicals sector has faced persistent headwinds over the past few quarters due to muted demand, weak realisations amid pricing pressures, inventory destocking in the agrochemicals segment, and heightened competition from China. Data compiled from the Reuters-Refinitiv database for 139 chemical companies with a market cap of more than Rs.100 crore shows dismal aggregate revenue growth of just 2% and 3.4% in the June and September quarters of 2024-25, on a year-on-year basis. Nearly 54% of these companies underperformed the Nifty 500 index over the last year, while 66% lagged the broader market benchmark in 2025 year-to-date. Live Events Brokers upbeat, but wary A pick-up in domestic demand for RACs (room air conditioners) and the sheer rise in demand for gas used in refrigeration and air conditioning is expected to bode well for the sector. While a B&K Securities report highlights that the weakening of competition from within the European Union will open up export opportunities for Indian companies, it also cautions against the continued threat of strong competition from China. On the other hand, a gradual recovery is expected in the agrochemicals segment, supported by the rising demand for newer, innovative products and biological alternatives. A Motilal Oswal report released in March 2025 notes that prices in the global crop protection industry are likely to bottom out in 2025 across all key regions and product segments, paving the way for a more stable growth trajectory ahead. The B&K Securities report notes that a sustained recovery in demand from the EU27 block is crucial to boosting the export growth potential of the Indian chemicals industry. It adds that with inventory de-stocking now largely complete in European markets, both demand and volumes are expected to drive growth going forward. Challenges The US trade tariffs, low-cost dumping by Chinese manufacturers, and weak demand in Europe remain some of the major concerns for the sector. An April 2025 Kotak Securities report expresses hope for a decent recovery over 2024–25 and 2026–27. However, in the event of a prolonged tariff war, it cautions that there could be more substantial downside risk to these expectations. Here are three companies worth considering for a small exposure. These firms have reported double-digit growth in net earnings for the March 2025 quarter and enjoy the highest level of analyst coverage within the sector. SRF Q4 revenue and net profit beat estimates by 7.4% and 9.3%. Strong performance in specialty chemicals, refrigerant gases, and packaging films. 2025-26 revenue guidance at 20% growth. Elara Capital maintains an 'accumulate' rating, expecting gains from recovering demand. Navin Fluorine Q4 revenue and EBITDA beat estimates by 2.4% and 7.9%. CDMO (Contract Development and Manufacturing Organisation) and high-performance products drove growth. Refrigerant gas demand and better pricing supported performance. Management targets ~25% EBITDA margin in 2025-26. Prabhudas Lilladher sees strong long-term growth potential. UPL Q4 revenue and EBITDA beat estimates by 3.6% and 9.9%. Growth is driven by strong volumes, and inventory normalisation. 2025-26 revenue growth guided at 4-8%, led by volumes. Recovery in key markets and new products to aid growth. Antique sees balance sheet improving and growth momentum continuing.
Hindustan Times
11-05-2025
- General
- Hindustan Times
Honest & dedicated green engineers
The brown-headed barbet or large green barbet is an animated bird of our gardens. Known in native cultures as the 'Bada basanta', the barbet sets off an incessant call, kor-r-r, kutroo-kutroo-kutroo, with the first whiff of basant's warmth. The call is instantly responded to by others of the barbet 'baradari' and soon an ear-piercing chorus resounds across the groves, somewhat reminiscent of faraway and dreaded sirens of Covid lockdown and the Pakistani drone/ missile crisis! The barbet and the woodpecker are two of the ecological or ecosystem engineers in our groves. They excavate nest holes in trees. Other birds such as parrots, owls and mynas look for nest holes excavated by woodpeckers and barbets as they themselves do not have the wherewithal such as powerful large bills and shock-absorber adaptations to their skulls. Barbets can also avoid the very arduous task of hole drilling by grabbing a nest cavity freshly drilled by a woodpecker! Both the barbets take turns to drill the nest hole and later share in incubation duties. Between two to four eggs are laid by the female and the nesting season is normally in the months of March to May. The nest is sometimes bare at the bottom of the hole or lined with some of the wood chips carved out by the parents. Anuj Jain, an apparel retailer of Sector 17 and an accomplished wildlife photographer, has had the good fortune of barbets nesting right opposite his Sector 18 residence. 'In March 2020, during the Covid lockdown, I spotted a barbet spitting out wood chips while excavating a nest in a tree right in front of my house. I was fortunate to capture a few photos at the time. It wasn't until more than five years later that I witnessed something similar again. This time, a pair was taking turns preparing their nest. One would spend less than five minutes chiseling the wood, while the other waited right at the entrance, ready to switch. It was mesmerising to watch the dedicated parents work tirelessly through the day to make the nest suitable for future progeny,' Jain told this writer. The myth of the Sarus pair In a social era of relationships breaking down all too soon, a sensitive artist can despair at human reality. The rupture with the ideal of long, enduring relationships particularly when it comes to marital fidelity is all too evident. Manifestations of nature may seem to nurture the waning human ideal. An oil on canvas by Mumbai artist Pradeep L Mishra displayed a richness of colour and vividly evoked the Sarus coupling, whose life seems one of perfect unison. His work, Live to Love, was on display at the exhibition, Art through Print and Paint --- An exploration of how artists engage with materials and how textures, layers, and processes shape meaning. The exhibition was curated by the AIM Gallery and staged at the Government Museum and Art Gallery. 'My works seek inspiration from nature's themes. My concerns stemming from contemporary human social life affect me deeply and reflect in my works. Why can't we seem to have enduring relationships? Why are we causing each other so much unhappiness by not adjusting to each other? I painted the Sarus pair to showcase how these birds form enduring bonds, which has inspired folklore and cultural themes,' Mishra told this writer. The twist in the artist's pictorial tale is delivered by real birds. Scientific data collection and field observation disproves popular folklore and reveals cases of divorce (separation) in Sarus cranes. Wild cranes can remain paired for life, but they can engage in extra-pair mating, too. Mate change is known in almost all crane species in captivity, some of whom are similarly anointed with the myth of 'I'll be loving you eternally'. vjswild2@
Reuters
30-04-2025
- Business
- Reuters
Indian Oil's fourth-quarter profit jumps on inventory gains
April 30 (Reuters) - Indian Oil Corp ( opens new tab, the country's top refiner, reported a 50% jump in fourth-quarter profit on Wednesday, mostly helped by inventory gains, with the company looking to tap spot markets for more crude purchases. Standalone net profit surged to 72.65 billion Indian rupees ($858.57 million), compared with a profit of 48.38 billion rupees a year earlier. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here. The company recorded an inventory gain in the fourth quarter that helped in increased profits, compared with an inventory loss a year earlier, Director Finance Anuj Jain said at a press conference, without elaborating. An inventory gain is booked when oil prices rise when the company is refining and shipping petroleum products. Brent crude prices jumped about 17% from a multi-year low in September during the January-March quarter. IOC's average gross refining margin, the profit from making refined products from one barrel of oil, was $7.85 per barrel for the quarter ended March 31, compared with $8.39 per barrel a year earlier. The company is looking to tap spot markets for more crude oil, targeting a term-to-spot ratio of 55:45 compared with 60:40 last year, Jain said. "We are looking to buy more oil from spot markets as there is abundant supply and more spot volumes will give me flexibility to test new grades." Meanwhile, IOC is looking to invest up to one trillion rupees to expand the company's petrochemical capacity, Chairman A. S. Sahney said. Indian Oil, along with its unit Chennai Petroleum ( opens new tab, controls about a third of India's refining capacity.
