Latest news with #CCPS
Mint
5 days ago
- Business
- Mint
IPO Watch: Aequs files for IPO on a confidential basis; plans to raise up to $200 million
IPO Watch: Aequs Limited (Aequs), a manufacturing platform embodying the 'Make in India' initiative designed for global markets, has confidentially submitted a draft red herring prospectus (DRHP) for an initial public offering (IPO) to the stock market regulator, SEBI, and stock exchanges, as indicated by a public announcement that was published on June 3, 2025. The company offers a comprehensive, precision manufacturing ecosystem for the aerospace and consumer sectors. Recently, the Board of Directors of Aequs Ltd. approved a resolution to transition the company's status to a public entity and to change its name from 'Aequs Private Limited' to 'Aequs Limited,' in accordance with its regulatory filing. Aequs has received considerable equity investments from its promoters over the years to expand the company's operations. Furthermore, it has drawn the attention of global investors like Amicus Capital, Amansa Capital, Steadview Capital, Catamaran (the family office of Infosys founder N. R. Narayana Murthy), Sparta Group, and the investment office of Desh Deshpande, according to publicly accessible information. The firm successfully secured external funding through Convertible Cumulative Preference Shares (CCPS), totaling approximately ₹ 586 crore from private equity investors, which will be utilized to support the growing scale of its operations as indicated in a CareEdge Ratings report dated July 5, 2024. In FY24, the company's total income was about ₹ 988 crore (as per regulatory filings), while its total operating income reached ₹ 970 crore (according to the CareEdge Ratings Report) during the same fiscal year. Based on successful completion of its capital expenditure project and consistent order inflow in the aerospace sector, CareEdge Ratings anticipates that the company's revenue will experience a compounded annual growth rate (CAGR) of 45% in the near to medium term. The report highlighted that the company benefits from ongoing support from its promoters. Aravind Melligeri, the founder and Chairman & CEO, possesses decades of experience in the aerospace field and is a co-founder of QuEST Global Engineering Private Limited. Recently, the company announced the appointment of Jean-Michel Condamin as the Chief Executive Officer (CEO) of its Aerospace Division, while Rajeev Kaul serves as the Managing Director of Aequs Ltd. According to sources and previous media reports, the company is allegedly preparing to initiate an IPO valued at $200 million. The offering is expected to include both a new issue of equity shares and an offer for sale (OFS) segment, based on the company's regulatory documents. The company chose not to provide any comments. The book running lead managers for the IPO are said to be Kotak Mahindra Capital, JM Financial, and IIFL Capital. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
New Indian Express
30-05-2025
- New Indian Express
Cyber cells in seven zones to combat cybercrime in Hyderabad
HYDERABAD: Hyderabad City Police Commissioner CV Anand on Thursday inaugurated Zonal Cyber Cells (ZCCs) across all seven zones. Speaking at a press meet at the CCS office, Basheerbagh, he said each cell will operate under the supervision of the respective DCP. The initiative aims to deliver swift, localised responses to the rising threat of cybercrime. The ZCCs will serve as dedicated hubs within each zone for registering complaints, investigating cases, blocking fraudulent transactions and ensuring maximum refunds to victims. They will also provide timely support and collaborate with the Cyber Crime Police Station (CCPS) and external cyber forensic experts for complex investigations. Since its establishment in 2010, the CCPS has struggled to keep pace with the surge in cybercrime. Registered cases increased from 351 in 2015 to 3,111 in 2024 — a nearly 10-fold rise. Recognising this, Hyderabad police have decentralised cybercrime handling by setting up ZCCs. Staffed by 61 personnel — including seven sub-inspectors, three head constables, 36 police constables, and eight home guards — the ZCCs will act as task forces assisting local police in case detection, investigation, and refund facilitation. Cyber Crime DCP D Kavitha highlighted that these dedicated units possess the specialised skills required for cyber investigations, which local stations often lack. The police urge citizens to report cybercrimes via the 1930 Cyber Crime Helpline or at nearby police stations. Complaints registered on the National Cybercrime Reporting Portal are forwarded to ZCCs for prompt action, strengthening Hyderabad's digital security framework.
The Hindu
29-05-2025
- The Hindu
Zonal Cyber Cells in Hyderabad for swift response to digital offences
The Hyderabad police on Thursday (May 29, 2025), inaugurated Zonal Cyber Cells (ZCCs) across all seven police zones in the city to provide decentralised, swift, and efficient responses to the growing volume of digital offences. Their tasks The Zonal Cyber Cells are tasked with several critical responsibilities: promptly register complaints on the National Cybercrime Reporting Portal, block fraudulent transactions, facilitate refunds for victims, enhance detection rates to track and apprehend cybercriminals and work in tandem with cyber forensics experts to investigate complex cases. They will also hold public awareness campaigns on cyber safety. The move comes against a backdrop of a surge in cybercrime cases over the past decade: from 351 cases in 2015 to 3,111 in 2024, marking an increase of over 786%. The sharpest spike was recorded between 2019 and 2020, when cases nearly doubled from 1,393 to 2,550. Each unit will be staffed with trained officers and function directly under the supervision of the respective Zonal deputy commissioner of police, enabling faster case resolution and better engagement. The ZCCs will work closely with the Cyber Crimes Police Station (CCPS) for technical support and expertise. The CCPS, established in 2010 with 40 personnel, saw a major boost in manpower in 2023. It now operates with 147 staff members, including a deputy commissioner, additional DCP, nine inspectors, and 20 sub-inspectors, among others, who played a key role in training the ZCC personnel. A total of 61 officers were deployed across the ZCCs, including inspectors, sub-inspectors, head constables, police constables, and home guards. These officers underwent an intensive training programme conducted by the CCPS and supported by cyber forensics and legal experts from external organisations. The training focused on practical investigation techniques, digital evidence handling, and emerging cyber threats.
Business Standard
27-05-2025
- Business
- Business Standard
Brainbees Solutions (Firstcry) drops as Q4 net loss widens to Rs 77 cr
Brainbees Solutions (Firstcry) fell 4.30% to Rs 359.10 after the company's consolidated net loss widened to Rs 76.74 crore in Q4 FY25, compared with net loss of Rs 51.74 crore in Q4 FY24. Revenue from operations jumped 15.8% YoY to Rs 1,930.32 crore in Q4 FY25. The company reported pre-tax loss of Rs 117.56 crore in Q4 FY25, compared with pre-tax loss of Rs 51.81 crore in Q4 FY24. Adjusted EBITDA jumped 20% to Rs 100.5 crore in Q4 FY25, compared with Rs 83.8 crore recorded in Q4 FY24. Adjusted EBITDA margin improved to 5.2% in Q4 FY25 from 5% in Q4 FY24. Revenue from companys India multi-channel business jumped 12% to Rs 1,337.3 crore in Q4 FY25 compared with Rs 1,199 crore in Q4 FY24. Revenue from International business stood at Rs 205.4 crore in Q4 FY25, up 11% YoY. The annual unique transacting customers increased 17% YoY to 10.6 million. Gross merchandise value (GMV) jumped 14%YoY to Rs 2,614.6 crore in Q4 FY25. The companys consolidated average order value rose 0.36% to Rs 252.5 in Q4 FY25, compared with Rs 251.6 crore in Q4 FY24. The average value order for Indias multi-channel segment stood at Rs 221.8 in Q4 FY25, up 0.14% YoY, while the average order value of international segment was at Rs 904.1 in Q4 FY25, up 6.59% YoY. On full year basis, the company reported consolidated net loss of Rs 191.47 crore on 18.2% increase in revenue from operations to Rs 7,659.61 crore in FY25 over FY24. Meanwhile, the companys board approved an incremental investment of Rs 94,000 in its subsidiary, Globalbees Brands Private, through the subscription of compulsory convertible preference shares (CCPS) in one or more tranches. Earlier, the board had approved an investment in Globalbees Brands Private for an amount not exceeding Rs 1,46,00,00,000. Based on the valuation report obtained, the proposed investment amount for the subscription of CCPS under the Series C2 share subscription agreement is Rs 1,46,00,94,000. Further, the companys board approved to make further investment in Firstcry Management DWC LLC, a wholly owned subsidiary. Of this amount, up to SAR 28 million will be invested in Firstcry Trading Company, KSAa wholly owned subsidiary of Firstcry Management DWC LLCfor business expansion. The remaining amount will be invested in Firstcry Retail DWC LLC, UAE, also a wholly owned subsidiary, to support business expansion initiatives. Brainbees Solutions is engaged in the wholesale buying, selling, advertising, and promotion of maternity, baby and kids products across various channels. The company also provides facilitation services in education, training, and related activities. Its products are primarily sold through its online platform, FirstCry.
Yahoo
15-05-2025
- Yahoo
School district warning parents about viral ‘Chromebook challenge'
A viral TikTok trend could injure your child or cause serious property damage, a metro Atlanta school district is warning. The 'Chromebook challenge' involves students taking their school-issued Chromebooks and jamming metal objects into the charging port. This often causes electrical shorts, smoking, sparks or fires. Clayton County Public Schools says on top of students being injured, there could be financial and disciplinary repercussions. [DOWNLOAD: Free WSB-TV News app for alerts as news breaks] Often, the Chromebooks used in the 'challenge' have to be repaired or replaced. And Clayton County school system officials say the student or their families will have to foot the bill. 'The Chromebooks were issued to our students to help them succeed in school,' said Andy Sykes, CCPS Chief of Technology, 'These are not playthings. We ask our students to respect these district-owned devices and use them for the purpose for which they were issued.' TRENDING STORIES: Shooting at GA graduation, prom after-party that injured 2 teens started over cellphone charger Georgia woman who vanished weeks ago while camping in California found safe Kemp signs bill that could make Fulton County residents foot the bill for Trump's GA legal fees Superintendent Dr. Anthony W. Smith says that based on the severity of the damage and location, the student could face disciplinary action. 'We are asking our staff and our parents to partner with us in controlling this senseless act of vandalism by sharing the message that participation could create adverse situations that could have serious consequences,' said Dr. Smith. [SIGN UP: WSB-TV Daily Headlines Newsletter]
