Varun Gupta News

22.01 / 16:17

markets IPO Waters Manufacturing Analysis Trade Experts Water purifier firm Kent RO files IPO papers with Sebi

markets regulator Sebi seeking approval to float an initial public offering (IPO). The issue is completely an offer of sale (OFS) of 1 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Tuesday. Promoters Sunita Gupta, Mahesh Gupta, and Varun Gupta are offloading shares in the OFS. Overall, promoters hold 99.77 per cent stake in the company at present.

27.09 / 00:59

markets Manufacturing CEO Sustainability awards electronic boating ETSA 2024 | ‘Bootstrap Champ’ Boult is marching to beat of its own drum

This is part of a series of interviews with the winners of The Economic Times Startup Awards 2024. For wearables and electronic devices brand Boult, which started off as an audio products maker before getting into a wider range of items, the top spot in terms of market share has eluded the company despite high growth. But the two founders — brothers Varun and Tarun Gupta — insist that being profitable takes precedence over market share. Boult’s ability to scale quickly — it is estimated to have posted Rs 800-850 crore in revenue in fiscal 2024 — without raising any external capital made it the winner in the ET Startup Awards Bootstrap Champ category this year.

11.09 / 14:27

markets UPS Manufacturing Strategy Research wellness boating The Micromax trap: Why Noise, Fire-Boltt, boAt, and Boult need smart manoeuvres

avoid the fate of Micromax? Why is the Indian consumer suddenly falling out of love with smartwatches? The one-word answer is fatigue. The focus on one’s health in the aftermath of the pandemic saw a large part of the population take to an active lifestyle. Smartwatches that helped measure your daily calorie burn, step count, heart rate monitor and sleep pattern analysis, became a much sought-after accessory.

28.04 / 09:05

markets IPO Target Manufacturing Enterprise International boating Consumer tech brand Boult to go public next year, says co-founder Varun Gupta

₹1,000 crore in the fiscal year 2024-25. This decision comes alongside the brand's expansion into international markets and the exploration of new product categories, Varun Gupta, one of its co-founders, told news agency PTI in an interview. Gupta further revealed the details about his vision to make the Indian company global, listing out the homegrown brand, and his ambitious targets for this fiscal year.

17.10 / 18:53

UPS Target Digital Manufacturing WhatsApp Boult Audio plans PE fundraising in FY25

NEW DELHI : India’s second largest hearables maker Boult Audio is looking to tap the private equity markets in FY25 to raise funds by divesting up to 15%, to expand its footprint in international markets and contract manufacturing capacities. “We will look at capital from private equity next year... we may look at offloading a stake anywhere between single digit to early teens.

08.10 / 19:13

UPS Racing NIFTY show track cover Do you really need Groww’s new fund with widest stock coverage?

₹46 trillion assets under management, and still going strong, the MF industry in India has thus been witness to a flurry of new fund houses setting up shop. Fintech firms, too, have joined the race with their cutting edge innovations . And the latest to join the bandwagon is Groww Asset Management Company (Groww AMC), which started its operations in June after acquiring Indiabulls AMC.

30.11 / 14:47

UPS Assurant Strategy Premium Are insurers going to revise the premium of term insurance plans if re-insurers hike the rates?

If you are looking to buy a term insurance plan, you might have to hurry up if you also want to save on cost. The premium of term insurance plans may soon witness a hike if the global reinsurers increase their rates. “Yes, it is true. Some re-insurers are expected to increase the rates. However, such information is kept confidential and only made available to the public once it is finalized and rolled-out,” informs Varun Gupta, Chief & Appointed Actuary, Bharti AXA Life Insurance.

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