Latest news with #Patwari
Mint
40 minutes ago
- Business
- Mint
Jashvik Capital acquires stake in pharma software provider Marg ERP for over ₹400 crore
Private equity firm Jashvik Capital said on Wednesday that it has acquired a stake in pharma software provider Marg ERP for over ₹400 crore, marking the firm's fourth investment from its maiden fund, which has a target corpus of $350 million. The firm is betting on the growth of organised healthcare software as a service (SaaS) in the Indian market, where Marg ERP is currently a market leader. The healthcare software services market in India has been largely unorganised, but with tailwinds like an increasing focus on digitisation, tightening regulatory processes, and a rise in consumer trends, this space is expected to grow, founder and managing partner Naresh Patwari told Mint. 'Healthcare SaaS has been a very large opportunity globally. We think we are at the start of that super cycle in India," said Patwari. 'Our view is that while India is in the early stages of this transformation, our investment in Marg ERP is the first step in building a platform that can ride this super cycle." Jashvik Capital, a mid-market PE firm, has in the past made investments in Bharuch-based Jabsons Foods, Bengaluru-based Futura Surgicare and Hyderabad-based eye care chain Smart Vision Eye Specialities Pvt. Ltd. It is also in the process of closing an investment in pest control and home care products maker Midas Hygiene, which it had announced in February. Marg ERP, founded in 2000, is one of the country's largest ERP (enterprise resource planning) and accounting software providers for pharmaceutical retailers and wholesalers. The firm currently has over 500,000 subscribers and is present in India and 32 other countries. It works largely with players across the pharmaceutical distribution chain, including wholesalers, distributors and pharmacies. It has a market share of over 50% in some segments in the distribution chain, said Patwari. 'Marg is a highly profitable, fast-growing company. Growth has been 25% over the long term and close to 40% more recently. It is a clear market leader and it can compound for the next 10-15 years. We are perhaps at the early stages of a long-term trend," he said. The firm plans to scale up Marg's operations through a mix of organic and inorganic strategies, as well as invest further in R&D, said Patwari. '...the goal is to expand, go deeper in India and to go wider internationally." API Holdings, India's largest digital healthcare platform and parent company of brands like PharmEasy, had acquired a 49% stake in Marg ERP in 2022, which the company's founders bought back in February this year.
Time of India
15 hours ago
- Business
- Time of India
IPO frenzy builds for NSE: Retail investor base quadruples for stock exchange before market debut plans; over 1 lakh join in 3 months
The National Stock Exchange ( NSE ) has ignited a historic surge in India's unlisted market, with its retail investor base soaring fourfold within three months amid growing anticipation around its initial public offering (IPO). More than 100,000 new retail investors have entered the fray, marking one of the most significant increases in unlisted market history. Between March and June 2025, NSE's retail investor count jumped from 33,896 to 146,208. Individual residents with shareholdings up to Rs 2 lakh now account for 11.81 per cent of the company's ownership—up from 9.89 per cent the previous quarter. "The surge in NSE's retail shareholder base is truly unprecedented, a more than fourfold jump in just one quarter," said Krishna Patwari, Founder and MD of Wealth Wisdom India Pvt Ltd ( speaking to ETMarkets. This sharp rise comes as the exchange nears a long-awaited public listing, expected by Q4 FY26, with speculation pointing to a potential BSE debut. Read more: India's Q1 trade shines as core merchandise exports up 7.2 per cent; rupee, forex reserves show resilience, says Economic Affairs department A major regulatory tweak has helped fuel the spike. On March 24, 2025, NSE lifted the freeze on its ISIN (International Securities Identification Number), allowing seamless share transfers akin to other unlisted stocks. The move slashed the share transfer timeline from up to three months to just one day—broadening access for smaller investors. "Earlier, the ISIN for NSE shares was not freely transferable, which made the buying and selling process complex and time-consuming," Patwari explained. "Today, trades are happening for as few as 10 shares, reflecting the growing retail interest." SEBI Chairman Tuhin Kanta Pandey, on June 21, confirmed that all hurdles to NSE's IPO had been cleared. The exchange has already proposed a payment of Rs 1,388 crore to SEBI, aiming to resolve legacy issues related to co-location and dark fiber access that had previously stalled its public debut. Financially, NSE continues to outperform. Its FY25 net profit surged 47 per cent to Rs 12,188 crore, while revenue rose 16 per cent to Rs 17,141 crore. With commanding market shares—94 per cent in cash equities, 99 per cent in equity index futures, and 88 per cent in equity index options—NSE remains India's undisputed exchange leader. "NSE's net profit of Rs 12,188 crore in FY25 dwarfs BSE's ~Rs 1,322 crore, clearly reflecting its dominance, scalability, and superior business model," brokerage Prabhudas Lilladher noted in a recent report. "The profit gap isn't incidental—it's structural." Globally, NSE is the largest derivatives exchange by volume and the fifth-largest stock exchange by market capitalisation. Its current market value is nearing Rs 5.4 lakh crore, with unlisted share prices reportedly doubling each year. In 2024 alone, it hosted 268 IPOs, raising Rs 1.67 lakh crore. The exchange has also drawn heavyweight institutional investors. As of June 2025, Life Insurance Corporation held a 10.72 per cent stake, while Radhakishan Damani owned 1.58 per cent. Other key stakeholders include Aranda Investments, Stock Holding Corporation of India, and SBI Capital Markets. "NSE has consistently attracted attention in the unlisted space due to its strong business fundamentals and critical role in India's financial infrastructure," said Vijay Kuppa, CEO at InCred Money, as quoted by ET. "With FY25's solid numbers, investor demand has only increased—reflected in its shareholder base crossing 1 lakh." Meanwhile, with SEBI's green light expected soon, NSE may require four to five months to prepare its draft red herring prospectus (DRHP), followed by another two to three months for regulatory approvals. For retail investors eyeing NSE's IPO, the window of opportunity is fast approaching. Many view it as a rare chance to invest in a cornerstone of India's financial ecosystem—potentially unlocking gains from one of the country's most anticipated public offerings. Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025
Economic Times
21 hours ago
- Business
- Economic Times
Pre-IPO gold rush! 1 lakh retail investors buy NSE shares in just 3 months as FOMO hits peak
The National Stock Exchange has triggered an unprecedented buying frenzy in India's unlisted market, with retail investors quadrupling in just three months as IPO anticipation reaches fever pitch. More than 1 lakh retail investors have snapped up NSE shares, marking one of the most dramatic surges ever witnessed in the unlisted space. ADVERTISEMENT NSE's retail shareholder base has exploded from 33,896 in March 2025 to 146,208 in June 2025, a staggering four-fold jump that has caught market veterans by surprise. Resident individuals holding nominal share capital of up to ₹2 lakh now command an 11.81% stake in the company, up sharply from 9.89% in the March quarter. "The surge in NSE's retail shareholder base is truly unprecedented, a more than fourfold jump in just one quarter," Krishna Patwari, Founder and MD of Wealth Wisdom India Pvt Ltd ( told ETMarkets. The dramatic shift comes as NSE edges closer to its long-awaited public listing, with market reports suggesting the exchange could debut on BSE by Q4 FY 2026. Also Read | NSE IPO: Sebi nod to file DRHP likely this month, listing expected in Q4 The retail rush has been turbocharged by a critical regulatory change. Starting March 24, 2025, NSE removed the ISIN freeze, allowing investors to trade its shares freely like other unlisted securities. This slashed the share transfer approval process from three months to a single day, democratizing access for smaller investors. ADVERTISEMENT "Earlier, the ISIN for NSE shares was not freely transferable, which made the buying and selling process complex and time-consuming," Patwari explained. "Today, trades are happening for as few as 10 shares, reflecting the growing retail interest."SEBI Chairman Tuhin Kanta Pandey added fuel to the IPO speculation on June 21, stating there is "no obstacle" remaining in the way of the NSE IPO. The exchange has offered ₹1,388 crore to SEBI to settle the lingering co-location and dark fiber disputes that have delayed its public debut for years. ADVERTISEMENT The investment case is compelling. NSE posted a net profit of ₹12,188 crore in FY25, up 47% year-on-year, while revenue grew 16% to ₹17,141 crore. The exchange maintains an iron grip on India's trading ecosystem with a 94% market share in cash equities, 99% in equity index futures, and 88% in equity index options."NSE's net profit of ₹12,188 crore in FY25 dwarfs BSE's ~₹1,322 crore, clearly reflecting its dominance, scalability, and superior business model," noted Prabhudas Lilladher in a recent report. "The profit gap isn't incidental—it's structural." ADVERTISEMENT Globally, NSE ranks as the world's largest derivatives exchange by volume and fifth-largest stock exchange by market capitalization. NSE's market capitalization is now around ₹5.4 lakh crore with its shares doubling in just one year. In 2024, it facilitated 268 IPOs, raising a record ₹1.67 lakh crore. Also Read | What are the major challenges facing NSE's long-awaited IPO? The exchange's stellar performance has attracted marquee investors. As of June 2025, Life Insurance Corporation owns a 10.72% stake, while billionaire Radhakishan Damani holds 1.58%. Other major shareholders include Aranda Investments, Stock Holding Corporation of India, and SBI Capital Markets. ADVERTISEMENT "NSE has consistently attracted attention in the unlisted space due to its strong business fundamentals and critical role in India's financial infrastructure," said Vijay Kuppa, CEO at InCred Money. "With FY25's solid numbers, investor demand has only increased—reflected in its shareholder base crossing 1 lakh."The co-location controversy, which dates back to a 2015 whistleblower alert about preferential access given to certain brokers, appears to be nearing resolution. Once SEBI issues a no-objection certificate, NSE would likely take 4-5 months to prepare its Draft Red Herring Prospectus, followed by another 2-3 months for regulatory retail investors betting on NSE's IPO, the stakes couldn't be higher. Many view this as a rare opportunity to invest early in one of India's most prestigious financial institutions, hoping to capitalize on potential listing gains from what could be one of the country's largest public offerings. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
21 hours ago
- Business
- Time of India
Pre-IPO gold rush! 1 lakh retail investors buy NSE shares in just 3 months as FOMO hits peak
The National Stock Exchange has triggered an unprecedented buying frenzy in India's unlisted market, with retail investors quadrupling in just three months as IPO anticipation reaches fever pitch. More than 1 lakh retail investors have snapped up NSE shares , marking one of the most dramatic surges ever witnessed in the unlisted space. NSE's retail shareholder base has exploded from 33,896 in March 2025 to 146,208 in June 2025, a staggering four-fold jump that has caught market veterans by surprise. Resident individuals holding nominal share capital of up to ₹2 lakh now command an 11.81% stake in the company, up sharply from 9.89% in the March quarter. "The surge in NSE's retail shareholder base is truly unprecedented, a more than fourfold jump in just one quarter," Krishna Patwari, Founder and MD of Wealth Wisdom India Pvt Ltd ( told ETMarkets. The dramatic shift comes as NSE edges closer to its long-awaited public listing, with market reports suggesting the exchange could debut on BSE by Q4 FY 2026. Also Read | NSE IPO: Sebi nod to file DRHP likely this month, listing expected in Q4 Live Events The retail rush has been turbocharged by a critical regulatory change. Starting March 24, 2025, NSE removed the ISIN freeze, allowing investors to trade its shares freely like other unlisted securities. This slashed the share transfer approval process from three months to a single day, democratizing access for smaller investors. "Earlier, the ISIN for NSE shares was not freely transferable, which made the buying and selling process complex and time-consuming," Patwari explained. "Today, trades are happening for as few as 10 shares, reflecting the growing retail interest." SEBI Chairman Tuhin Kanta Pandey added fuel to the IPO speculation on June 21, stating there is "no obstacle" remaining in the way of the NSE IPO . The exchange has offered ₹1,388 crore to SEBI to settle the lingering co-location and dark fiber disputes that have delayed its public debut for years. The investment case is compelling. NSE posted a net profit of ₹12,188 crore in FY25, up 47% year-on-year, while revenue grew 16% to ₹17,141 crore. The exchange maintains an iron grip on India's trading ecosystem with a 94% market share in cash equities, 99% in equity index futures, and 88% in equity index options. "NSE's net profit of ₹12,188 crore in FY25 dwarfs BSE's ~₹1,322 crore, clearly reflecting its dominance, scalability, and superior business model," noted Prabhudas Lilladher in a recent report. "The profit gap isn't incidental—it's structural." Globally, NSE ranks as the world's largest derivatives exchange by volume and fifth-largest stock exchange by market capitalization. NSE's market capitalization is now around ₹5.4 lakh crore with its shares doubling in just one year. In 2024, it facilitated 268 IPOs, raising a record ₹1.67 lakh crore. Also Read | What are the major challenges facing NSE's long-awaited IPO? The exchange's stellar performance has attracted marquee investors. As of June 2025, Life Insurance Corporation owns a 10.72% stake, while billionaire Radhakishan Damani holds 1.58%. Other major shareholders include Aranda Investments, Stock Holding Corporation of India, and SBI Capital Markets. "NSE has consistently attracted attention in the unlisted space due to its strong business fundamentals and critical role in India's financial infrastructure," said Vijay Kuppa, CEO at InCred Money. "With FY25's solid numbers, investor demand has only increased—reflected in its shareholder base crossing 1 lakh." The co-location controversy, which dates back to a 2015 whistleblower alert about preferential access given to certain brokers, appears to be nearing resolution. Once SEBI issues a no-objection certificate, NSE would likely take 4-5 months to prepare its Draft Red Herring Prospectus, followed by another 2-3 months for regulatory review. For retail investors betting on NSE's IPO, the stakes couldn't be higher. Many view this as a rare opportunity to invest early in one of India's most prestigious financial institutions, hoping to capitalize on potential listing gains from what could be one of the country's largest public offerings. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
2 days ago
- General
- Time of India
RSMSSB Rajasthan Patwari exam date 2025 announced for 3,705 vacancies at rssb.rajasthan.gov.in, admit card to be out on this date: Check full schedule here
The Rajasthan Staff Selection Board (RSMSSB) has officially announced the exam schedule for the Rajasthan Patwari Recruitment 2025. As per the latest notification, the written examination will be conducted on Sunday, August 17, 2025, in two shifts — the morning shift from 9:00 AM to 12:00 PM and the afternoon shift from 3:00 PM to 6:00 PM. This year, the recruitment drive aims to fill a total of 3,705 Patwari posts across the state. Registered candidates can download the full exam notice from the official website – How to download Rajasthan Patwari 2025 admit card Once the admit cards are released, candidates can follow these steps to download them from the official website: Visit the official RSMSSB website – On the homepage, click on the 'Admit Card' tab. Select 'Rajasthan Patwari Exam 2025' from the list of available links. Enter your Application ID and Date of Birth to log in. Your admit card will appear on the screen. Download and take a printout for exam day use. Note: The board has clarified that admit cards will only be available online and will not be sent by post or through any offline method. Candidates are advised to keep checking the website regularly, as the admit card download link will be activated a few days before the exam. Exam pattern for Rajasthan Patwari 2025 recruitment The 2025 Rajasthan Patwari exam will follow a multiple-choice objective format. Candidates will be tested on various subjects, including: General Knowledge Mathematics Logical Reasoning Hindi Language Rajasthan's History, Geography, and Culture The paper will contain 150 questions, to be attempted in 180 minutes (3 hours). Each correct answer will carry 2 marks, while 1/3 mark will be deducted for each incorrect response. The pattern has been designed to evaluate both general aptitude and state-specific knowledge. Candidates are advised to keep checking the official website for further updates regarding admit cards, result dates, and document verification rounds. TOI Education is on WhatsApp now. Follow us here . Ready to navigate global policies? Secure your overseas future. Get expert guidance now!
