Mahindra launches India’s Most Affordable 4-wheeler Compact Cab – GIO

Mahindra launches India’s Most Affordable

4-wheeler Compact Cab – GIO

Priced at Rs. 1.95 lakh (ex showroom Bihar, BS3)

·        Set to redefine last mile public transportation across India, with driver + 6 seating configuration.

·        Competitively priced at Rs 1.95 lac (Ex-Showroom Bihar, BS3) & 30 kmpl fuel efficiency

27% higher earning as compared to 3-wheelers

·        Equipped with modern styling, car like comfort and safety features

                                                                                                                        

February 14 2011, Patna: Mahindra & Mahindra Ltd., a part of the US $7.1 billion Mahindra Group, today announced the launch of the Gio Compact Cab, its next generation passenger cab, in Patna.                                          India’s most affordable 4-wheeler Cab has been developed to change the face of intra-city stage and contract carriage travel in India. Equipped with modern & trendy looks, style, design, technology and offering carlike comfort, the Gio Compact Cab is competitively priced at Rs. 1.95 lac (Ex-Showroom Bihar, BS3).

The Gio Compact Cab brings all the advantages of a 4-wheeler within reach of the 3-wheeler customer. With the tagline ‘Jiyo Nain Andaaz Main’, the Gio Compact Cab offers the status, comfort and safety of a 4-Wheeler with 27% higher earnings than 3-Wheelers.

A product which will roll out of Mahindra’s plant at Haridwar, the Gio Compact Cab comes with features and build quality otherwise unseen amongst vehicles in the same price category in India. It is the only 4-Wheeler vehicle which can accommodate six passengers other than the driver (D+6). With a 30 kilometre per litre mileage (under standard conditions) plus more passengers per trip, the Gio Compact Cab offers consumers more trips resulting in 27% higher returns than 3-Wheelers. In addition to the trendy styling of the vehicle, the appeal and interiors of the compact cab are a benchmark within the industry.

Speaking on the launch of the Gio Compact Cab, Mr. Vivek Nayer, Senior Vice President, Marketing, Mahindra & Mahindra Ltd., said, “In keeping with our endeavour of offering first of its kind innovative products, we have launched the Gio Compact Cab today. Its development is a result of extensive consumer insight and market study to understand the latent and expressed need gaps of the customer. It is an ideal vehicle for travel intra-city in the stage and contract carriage segment and I am confident that it would be nothing less than a Game Changer for last mile public transportation in times to come.” 

Mr Nayer further added,“ The Gio Compact Cab will not only change the way people look at urban-rural connectivity, but will also redefine specific use in areas like the school children movement segment within tier 2 and tier 3 towns of India.  In addition, other segments which will find our vehicle extremely useful include large campuses, resorts and factories that have transportation requirements within their own premises. The Gio Compact Cab has undergone rigorous test runs and has been validated on all requisite parameters and is supported by Mahindra’s service network, which is one of the largest and spread across the country’.

For further information, please contact:

Atul Malikram

9827092823

                                                             

Prism Informatics Limited – Third Quarter Results Financial Year 2010-11

 

Prism Informatics Limited – Third Quarter Results Financial Year 2010-11

Consolidated Q3 Revenue up 43% QoQ and 2347% YoY

Consolidated Q3 Profit After Tax up 190% QoQ and 1131% YoY

Declared an interim dividend of 12.5%

Acquired 51% Majority Stake in Saudi Arabia IT company – Information Management Technologies (IMT) in Nov’10

Mumbai: Prism Informatics Limited, a Software Development and IT Business Consulting Services Provider (referred to as “Prism” or the “Company”, BSE: 505530) announces its Unaudited Third Quarter and Nine Months results for Financial Year 2010-11.

Speaking on the occasion, Mr. Alok Pathak, Managing Director, Prism Informatics Limited said:

“Prism continues to perform well in all established segments and geographies in Q3 FY 2010-11. In this quarter, Prism expanded its footprint in the Middle East Market with the 51% acquisition of Information Management Technologies (IMT), a subsidiary of the Al Suwaidi Group, in the Kingdom of Saudi Arabia. Prism is exhibiting very strong organic growth. The company continues to pursue its inorganic growth strategy and is evaluating further acquisition of companies in Europe and Middle East.”

Financial Highlights (Consolidated)

Financials						(INR Lakhs)
(Year Ending March)	Q3FY11	Q2FY11	QoQ (%)	Q3FY10	YoY (%)	FY10
Revenue	2141.70	1502.21	43	176.21	2347	829.97
EBITDA	107.78	58.63	84	9.56	1140	75.45
Net Profit	144.71	49.83	190	9.36	1131	51.66
Diluted EPS (INR)	10.05*	3.85	161	1.49	250	3.79

           

The board declared an interim dividend of 12.5% for third quarter financial year 2010-11

*On equity face value of Rs. 10 prior to stock split. On Equity face value Rs.1, the EPS is Rs.1.005

 

Business Highlights

Contracts / New Business / Growth: This quarter also witnessed new businesses/contracts/growth in various geographies:

Germany:

• SAP retail system maintenance contract by German automobile company:

Prism has been awarded the SAP retail system maintenance contract, for a long term of 3 years, by a large German automobile company this quarter.

• SAP support contract from Nycomed, a global pharmaceutical company:

Nycomed awarded Prism contract to support and monitor their operative SAP system on a daily basis in 2011. Nycomed ranks 28th among global pharmaceutical companies and is the 16th largest provider of OTC medicines with a strong presence in Europe and in the emerging markets in Russia/ Commonwealth of Independent States, Asia and Latin America.

• SAP implementation support for global retail & logistics company in Germany:

Prism has won contract for SAP implementation by a global retail, logistics and distribution company. Consultants of Prism have taken over major work packages to enable the client to accomplish project goals efficiently and effectively.

Sri Lanka:

• SAP implementation project for Textured Jersey:

Prism Informatics has successfully implemented SAP in Sri Lankan company- Textured Jersey. Textured Jersey is jointly owned by Pacific Textiles and Brandix Lanka. Pacific Textiles is a listed company in Hong Kong with one of the largest manufacturing facilities in China. Brandix Lanka is the largest apparel exporter in Sri Lanka and supports Textured as a strategic link in their supply chain.

Thailand:

• SAP CRM contract from S.B. Furniture Group of Companies, Thailand

Prism has won contract for SAP CRM by S.B. Furniture Group of Companies. S.B. Furniture Group began its operations since 1953 and has maintained its image as a specialist in the manufacturing of high quality furniture. Project involves providing end to end retail system solution to the client.

For further details please coordinate:

Atul Malikram

9827092823

Let us enjoy a new magazine- Peoples Pravakta

A real magazine is supposed to be the best companion of a reader. If the contents of magazine are as per choice of reader then he/she will not leave it, until it is not read fully. Peoples Pravakta a monthly magazine coming from Pravakta group can be termed as magazine of, Peoples choice, because of its outlook, qualitative articles, and neat printing. Magazine is available in Hindi and English languages.

Peoples Pravakta is the maiden product of Pravakta Group, who made it’s foray in magazine market, few months back. Shri Rajesh Sharma, editor, Peoples Pravakta says “we are overwhelmed by the response our magazine has received within a year of publication, i.e. the year 2010 when we had launched the magazine. Though we were confident to establish us in the market, but the extent to which, we have reached, was beyond our imagination. This could happen only due to affection we received from audience, allover”.

Shri Sharma added “At present our network is only in Madhya Pradesh, Rajasthan, Delhi, Uttar Pradesh, Andhra Pradesh and Bihar states but owing to growing demand, we have set a target to make available Peoples Pravakta to readers of other states of country also, latest by the end of 2011”.

Peoples Pravakta is marching ahead to create a name in magazine segment.

The Pravakta Group takes utmost care to bring new things, in each edition. The group is planning to host a competition for annual subscribers, and the winner will have an opportunity to visit a Holy place.

About Pravakta Group:

Pravakta Group was founded by Shri S. Sharma, in the year 2010. Since right from the beginning, he was interested in Journalism; hence, he had no problems in collecting events of National Level and to include them in a magazine. Peoples Pravakta has been acclaimed by people, within a year of publication and its demand in growing, rapidly. At present Peoples Pravakta has network in Madhya Pradesh, Rajasthan, Delhi, Uttar Pradesh, Andhra Pradesh and Bihar states but they are doing efforts to spread network in remaining states of country also.      

Media Contact:

Atul Malikram

9827092823

pr@atulmalikram.in