Kamdhenu Paints Opens First eNEXA Shopee in Gurugram

Key Takeaways from Kamdhenu Paints eNEXA Shopee Opening:

• Kamdhenu Paints opened its first exclusive retail outlet, the Kamdhenu eNEXA Shopee, in Gurugram on September 27.
• The outlet offers a comprehensive selection of products for interior and exterior painting, including emulsions, designer finishes, metallic effects, wood coatings, and construction chemicals.
• The eNEXA Shopee is designed to enhance customer convenience and accessibility for shopping.
• Customers can utilise an in-house paint booth to sample various colours and visualize finishes for their homes.

The Kamdhenu eNEXA Shopee is designed to make it easier for customers to shop and offers a wide range of products for both interior and exterior painting, including emulsions, designer finishes, metallic effects, wood coatings, and construction chemicals. 

Additionally, customers can use an in-house paint booth to sample different colours and visualize the finishes for their homes.

At the inauguration ceremony, the MD of Kamdhenu Paints, Saurabh Agarwal said, “This new retail outlet marks a significant step in our growth journey. We are committed to delivering the best possible products and services at accessible cost to our customers.” 

About Kamdhenu Paints:

Kamdhenu Paints was founded in 2008 as part of the Kamdhenu Group and operates as Kamdhenu Colour and Coatings Limited, a wholly-owned subsidiary of Kamdhenu Ventures Limited, listed on the NSE and BSE. It is a leading decorative paints manufacturer, with over 4,300 dealers and 20,000 painters affiliated with the company. Kamdhenu Paints offers a wide range of products, including exterior and interior emulsions, acrylic distempers, water-based and solvent primers, synthetic and GP enamels, wood finishes, aluminium paints, as well as textured and designer finishes, stainers, PU wood finishes, and metallic finishes.

Key Takeaways from Persistent Systems Acquisition:

• Persistent Systems intends to acquire Arrka, a Pune-based company specialising in data privacy and AI governance, to strengthen its AI-led services.
• The integration of Arrka is part of Persistent’s strategy to improve its digital governance, data privacy, and cybersecurity offerings.
• Following the acquisition, Persistent will expand Arrka's Data Privacy Management platform to enhance AI governance, compliance with privacy laws, and ethical AI practices.
• Key focus areas post-acquisition will include AI Governance and Ethics, Data Privacy, Privacy in AI Product Engineering, and more.

The integration of Arrka is a key part of Persistent’s strategy to enhance its AI capabilities. The company is already investing in innovative platforms like SASVA, an advanced tool that uses generative and deterministic AI, and has made previous acquisitions to bolster its position in AI-powered services.

Arrka’s Data Privacy Management platform helps organisations manage their data privacy risks and comply with various legal requirements. 

Following the acquisition, Persistent will expand Arrka's offerings to develop strong capabilities in digital governance, including AI Governance and Ethics, Data Privacy, Privacy in AI Product Engineering, Consent and Rights Management, and AI Systems Auditing and Compliance Management. 

About Persistent Systems Limited:

Persistent Systems Limited is a global company that provides services and solutions in Digital Engineering and Enterprise Modernisation for various industries. With over 23,500 employees in 19 countries, the company focuses on innovation and helping clients succeed. Persistent offers a wide range of services, including AI-driven software engineering, product development, data analytics, customer experience transformation, cloud computing, and intelligent automation. The company was named the ‘Most Promising Company’ of the Year by CNBC-TV18 at the 2023 India Business Leader Awards. As a member of the United Nations Global Compact, Persistent is dedicated to aligning its strategies with principles related to human rights, labour, the environment, and anti-corruption, and actively works towards societal goals.

Key Takeaways from the Announcement

• Reliance Uruguay, a non-operating subsidiary, has been liquidated.
• The company had no impact on Reliance’s turnover or net worth for FY 2023-24.
• Reliance Industries had invested Rs. 0.65 crore in the subsidiary.

As mentioned in a stock exchange filing, Reliance Uruguay was a non-operating company, contributing nothing to the company's turnover and net worth for the financial year 2023-24. The company had invested Rs. 0.65 crore in the subsidiary, and the liquidation was confirmed with a certificate received on September 26, 2024, at 8:59 p.m. IST.

About Reliance Industries Limited

Reliance Industries Limited is a multinational conglomerate based in Mumbai, India. This is one of the biggest companies in India, dealing with operations of all kinds. Reliance firms have dominated all the sectors linked to the energy line, more especially in refining, petrochemicals, exploration and production, and renewable energy. Retail is another sector that has been advanced by Reliance, providing consumer electronics, apparel, groceries and e-commerce services. Telecommunications, 4G and 5G wireless services, and financial services are some ventures by Reliance. Reliance was known to promote its pioneering business practices and contributions toward India's economic development. The company has been a leader in many lines of business. It follows the way of ensuring that its operations promote sustainable development and social responsibility in the communities where it operates.

Key Takeaways from Saksoft’s Acquisition: 

• Saksoft is acquiring Ceptes Software Private Limited, a global Salesforce service provider.
• The total cash consideration for the acquisition is up to Rs. 61.50 crores, including an upfront payment of Rs. 31.05 crores.
• The acquisition will enhance Saksoft's Salesforce-related capabilities and expand its access to enterprise customers.
• The transaction is expected to be finalised within the next four weeks.

The total cash consideration for the acquisition is expected to be up to Rs. 61.50 crores, with an upfront payment of Rs. 31.05 crores and additional earnout consideration based on performance over the next 24 months. 

Upon completing the payment, Saksoft will own 100% of Ceptes. The transaction is anticipated to be finalised within the next four weeks.

About Saksoft Limited:

Saksoft Limited specialises in business intelligence and information management solutions, primarily for mid-sized companies in the USA and UK. Founded in 1999 by Autar Krishna and his son Aditya Krishna, the company is a top digital transformation partner for clients around the world. Its services include application development, testing and quality control, as well as solutions related to cloud computing, mobile technology, and the Internet of Things (IoT), along with information management and business intelligence solutions. With nearly 25 years of experience, the company is dedicated to delivering innovative solutions that empower clients to succeed in a competitive landscape.

About Ceptes Software Private Limited:

Founded in 2010, Ceptes Software Private Limited is a global provider of Salesforce services, specialising in consultation, digitalization, and innovation. Based in Bengaluru, India, with offices in Dallas and Dubai, Ceptes has grown from two employees to over 250, serving more than 150 global clients. The company offers various services, including application development and cloud solutions, and has achieved notable milestones such as becoming a Salesforce Summit Partner and winning multiple innovation awards. In 2024, Ceptes received ISO 27001 certification and launched new AI-driven products. Committed to customer satisfaction and continuous improvement, Ceptes is focused on driving success for its clients in the tech landscape.