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Showing posts from February, 2015

GJF’s National Jewellery Awards 2015 presented in 26 categories in Mumbai

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GJF’s National Jewellery Awards presented to Reliance Jewels, TBZ Ltd., PC Jeweller, Chintamani’s, Mahesh Notandass & Anand Shah, PC Jeweller amongst others Students from renowned institutes from Bangalore, Jaipur, Kolkata, Gandhinagar & Chennai win scholarships worth Rs. 15 lakh“NJA Design Digest 2015” unveiled by Hon. Union Minister for MSMEs Shri Kalraj Mishra
Mumbai, February 26, 2015:  The All India Gems and Jewellery Trade Federation (GJF), the national nodal trade body for the promotion and growth of trade in Gems and Jewellery sector in India, presented  the fifth edition National Jewellery Awards (NJA 2015), the most prestigious awards in the gems & jewellery (G&J) industry to recognize the immense talent, innovation and creativity of its valued members and associates. 

Presented by G.I.A. and Divine Solitaire, GJF NJA 2015 is an industry’s recognition from the industry, by the industry, to the industry. 
Mumbai’s Waman Hari Pethe Jewellers won the …

Tree House signs Rs 52.50 crore MOU for sale of land, building at Vadodara

Tree House Education & Accessories Ltd (Tree House), a leading educational service provider operating the largest number of branded self-operated pre-schools in India,  has signed a Memorandum of Understanding (MOU) for sale of its land and building located at Vadodara in state of Gujarat for Rs 52.50 crore.
The particular property being considered for sale under this MOU is located at Revenue Survey 49 CTS No 792Atladara, Vadodara, Gujarat and represents the second K-12 school land and building premises fully owned by the company plans to monetize its physical assets while continuing to provide educational services to these institutions.

The company will use the proceeds to move towards a debt free status and deliver strong returns to all our shareholders from the strong cash flows generated by the business. Tree House commenced the business of providing educational services to K-12 schools in 2008 and currently has a portfolio of 24 large format K-12 schools apart from over 500 pr…

GJF launches unique Jewellers Identity Card recognised by MSME Union Ministry

Union Minister Shri Kalraj Mishra to unveil the same on February 21, 2015 on the occasion of National Jewellery Awards 2015
ØUnique credential and legitimate business undertaking for members ØJID offers a variety of value additions that no other comparable ID card does ØGJF’s Founder, Life & 5-year members eligible to nominate/ recommend employees ØRecognised, Supported & Endorsed by MSME Union Ministry
Mum Feb 18, 2015: All India Gems and Jewellery Trade Federation (GJF), the national nodal and the largest single trade body in India for the promotion and growth of trade in gems and jewellery across India, has introduced a first-of-its-kind Jewellers Identity Card (JID), a unique and smart identity card establishing the credential and legitimate business undertaking of its member jewelers and their employees. Union Minister Shri Kalraj Mishra will unveil the same on February 21, 2015 on the occasion of annual GJF event - National Jewellery Awards 2015 in Mumbai.
JID is a unique id…

Tree House Education Q3FY15 net profit rises 24.96% to INR 15.12 cr

Q3FY15 income up 33.67% to INR 53.11 cr
·Q3FY15 Operational EBITDA  up by 31.13% to  INR 32.17 cr
Tree House is now present in 80 cities across India with 562 preschool network New cities launched in the quarter are: Ratlam, Jhansi , Hajipur , Agra and Vishakhapatnam
February 9, 2015: Tree House Education and Accessories Limited (‘Tree House”), which runs quality pre-schools and also provides educational services to K-12 schools throughout India, posted a 24.96% y-o-y growth in its net profit for the quarter ended December 31, 2014 (Q3 FY15) amounting to INR 15.12 crore. Tree House net profit in the corresponding quarter (Q3FY14) stood at INR 12.10 crore.  
The total revenue grew by 33.67% to INR 53.11 crore during Q3 FY15, compared to INR 39.73 crore reported in the 3rd quarter FY2014.   The EBITDA for Q3 FY15 is INR 32.17 crore compared to 24.53 crore for the 3rd quarter of FY2013, representing 31.13% y-o-y growth. The operational EBITDA margin for Q3 FY15 was 60.57% and the net profit…