Latest news with #KavirajSingh
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Business Standard
12 hours ago
- Business
- Business Standard
Upcoming IPO! Earthood Services refiles draft papers with Sebi; detail
Upcoming IPO: Gurgaon-based services company, Earthood Services, is moving closer to its plan of going public as the company has refiled its Draft Red Herring Prospectus (DRHP) with the capital markets regulator, the Securities and Exchange Board of India (Sebi), to raise funds through an Initial Public Offering (IPO). Earthood Services had initially filed its draft papers with Sebi on December 27, 2024. Earthood Services IPO details The proposed public offering comprises entirely an offer for sale (OFS), with promoters divesting up to 6.29 million equity shares, with a face value of ₹10. The OFS consists of shareholders selling up to 4.290 million equity shares by Kaviraj Singh and up to 2 million equity shares by Ashok Kumar Gautam. 'The offer also includes a subscription reservation for eligible employees, and a discount is being offered to eligible employees bidding in the employee reservation portion,' said the company. The Offer is being made through the book-building process, wherein not less than 75 per cent of the net offer is allocated to qualified institutional buyers, and not more than 15 per cent and 10 per cent of the net offer is assigned to non-institutional and retail individual bidders, respectively. MUFG Intime India (erstwhile Link Intime India) is the registrar of the issue, while Unistone Capital Private Limited is the sole book-running lead manager. About Earthood Services Established in 2012, Earthood Services specialises in providing Environmental, Social, and Governance (ESG) advisory and assurance services to clients in India and internationally. Its offerings include lifecycle assessment, sustainability consulting, climate risk assessment, and detailed ESG roadmaps, catering to the growing global demand for reliable and verified ESG solutions. The company's global footprint spans offices in India, the United Kingdom (UK), Russia, Turkey, and the United Arab Emirates (UAE). Over the last three fiscal years, Earthood has served more than 400 clients across 132 countries, demonstrating steady growth from 89 countries as of March 2022 to 100 in March 2023, and further to 132 by December 2024. Earthood Services financial snapshot The company's revenue from operations increased by 44.46 per cent to ₹46.79 crore in FY24 from ₹32.39 crore in FY23, primarily driven by an increase in sales of carbon verification and validation services. Additionally, ESG assurance and advisory services contributed to the growth. The number of projects undertaken rose to 219 in FY24 from 169 in FY23. Profit after tax (PAT) increased by 80.11 per cent to ₹19.34 crore in FY24 from ₹10.73 crore in FY23. For the nine months ended December 31, 2024, revenue from operations stood at ₹33.67 crore, and profit after tax stood at ₹8.14 crore.
News18
05-05-2025
- Politics
- News18
From Wayanad Tragedy To Modi's Green Vision: BJP Leader's Book Carries Warning And Hope
Last Updated: BJP Spokesperson Tuhin Sinha and Dr Kaviraj Singh, founder of Earthhood, have released a book - Climate Action India - on the rapidly changing climate dynamics globally. The Wayanad landslide, which claimed 254 lives, is still fresh in the nation's memory. On the other hand, research reveals that 50 per cent of India's lung cancer patients have never smoked, highlighting the significant role of air pollution. At such a time, BJP Spokesperson Tuhin Sinha and Dr Kaviraj Singh, founder and managing director of Earthhood, have released a book on the rapidly changing climate dynamics globally. Published by Blueone Ink, ' Climate Action India ' not only acknowledges past mistakes but also offers hope for a future that addresses air pollution, transitions smoothly to renewable energy, and sets ambitious goals like achieving Net Zero. THE WAYANAD GHOST The book opens with a quote from President Droupadi Murmu speaking passionately about global warming and uses Wayanad as its first example – a recent and impactful event. Despite the Indian Space Research Organisation (ISRO) ranking Wayanad 13th among 147 districts across the country in its Landslide Atlas of India in February 2023, little has been done in response. The authors highlight that in 2011, an extensive report by renowned Indian ecologist Madhav Gadgil warned of deadly landslides due to unregulated environmental exploitation in Wayanad. This warning was ignored by the central government at the time, and the findings of the Gadgil panel were not made public, prioritising commercial activities over human lives. The book gains credibility as Sinha did not selectively critique states based on political affiliations. Along with Singh, he objectively observed the situation. They mention that since 2014, the central government has issued six draft notifications to declare over 56,825.7 square kilometres of the Western Ghats as eco-sensitive zones. However, the final notification is still pending due to objections from the states. Both opposition-ruled states like Kerala, Tamil Nadu, and Karnataka, as well as BJP-ruled states like Gujarat, Maharashtra, and Goa, are involved. Sinha and Singh aim to break free from past mistakes and leap into the climate future, subtly positioning Prime Minister Narendra Modi as a key figure in shaping India's climate agenda since 2014. The book credits him with launching India's Panchamrit strategy, announced at COP26 Glasgow in 2021. The strategy includes five promises: achieving 500 GW non-fossil energy capacity by 2030, sourcing 50 per cent of energy from renewables, reducing projected carbon emissions by 1 billion tonnes, lowering emission intensity by 45 per cent, and reaching Net Zero emissions by 2070. These commitments raised India's credibility as a climate-conscious nation. The book details Modi's efforts to make India future-ready with strategic green missions, such as the National Hydrogen Mission announced in 2021 to produce 5 million tonnes of green hydrogen by 2030. It also discusses Modi's solar push and the international solar alliance, linking his leadership to domestic solar energy expansion and India's role in forming global coalitions for climate resilience, such as the Global Biofuel Alliance and the Coalition for Disaster Resilient Infrastructure. 'The book also explores the economics of renewable energy and suggests that incentives should be provided for corporations to invest in this sector, an area where the Modi government has made significant efforts," Sinha told News18. LESS AIR POLLUTION IN DELHI THIS YEAR? While the book serves as both a cautionary tale and a recognition of positive steps taken, air pollution remains a significant concern for those living in India, particularly in the North. The Ujwala Yojana has addressed individual household concerns, and the gradual transition to electric vehicles may yield long-term results. However, the average annual vehicular growth of 9 per cent in India over the last two decades has contributed to rising air pollution. Stubble burning in Punjab, Haryana, and Uttar Pradesh exacerbates the issue every autumn in Delhi NCR. Sinha offers a positive prediction: 'This time, Delhi will see far less air pollution." He attributes this to a political shift in Delhi, where the BJP has replaced the Aam Aadmi Party. 'The technology to end stubble burning is available, but political non-cooperation between Punjab and Delhi governments hindered its implementation. Now, with the BJP in power in Delhi, I am confident they will invest in the necessary technology. Previously, the BJP at the Centre faced challenges as Delhi and Punjab were not willing to discuss solutions to stubble burning. With the BJP in Delhi, I believe they will ensure Punjab takes necessary actions to prevent air pollution from affecting neighboring states," Sinha told News18. Get breaking news, in-depth analysis, and expert perspectives on everything from politics to crime and society. Stay informed with the latest India news only on News18. Download the News18 App to stay updated! tags : climate change Wayanad Location : New Delhi, India, India First Published: May 05, 2025, 09:39 IST News india From Wayanad Tragedy To Modi's Green Vision: BJP Leader's Book Carries Warning And Hope
