Posts Tagged ‘business’

Yash Birla Group Ups Stake In Kerala Vaidyashala To 99%

Monday, May 16th, 2011
BY PALLAVI S.
BKV has more than 40 ayurvedic spa centres in key cities in India, offering therapeutic massages and treatment.

Yash Birla Group has acquired 48 per cent in ayurvedic spa chain firm Birla Kerala Vaidyashala (BKV) to raise its stake in the firm to 99 per cent. The stake was acquired for an undisclosed amount from the Kurup family who continues to own 1 per cent in the company.

The move strengthens the group’s presence in the health & wellness segment. It had acquired 51 per cent in the joint venture with the Kurups three years ago.

BKV has more than 40 ayurvedic spa centres across key cities in India, and specialises in therapeutic massages and treatment for lifestyle diseases. The company is also planning to go global by launching ayurvedic med spa centres in the UAE, the Gulf region and South-East Asia.

The Yash Birla Group now aims to expand its privately held healthcare arm through a strategic 5-year-long phased plan. This will begin with expansion of centres through franchise route in major cities of India. During the second phase, it will strengthen medical and clinical ayurveda treatment and increase its share of business, besides implementing its aggressive expansion strategy in the Middle East. In the final phase spread over three years, the company plans to come up with 100 centres in India and abroad.

N Venkat, CEO of Birla Wellness, a part of the Yash Birla Group, said, “Apart from the planned geographical expansion, we are also looking to capitalise on the growing demand for quality solutions regarding mental and physical wellness.”

This transaction comes even as another group company, Birla Medspa, is looking to raise money from a public float. Bennett Coleman & Co Ltd (BCCL)-backed healthcare start-up Birla Medspa had filed a draft prospectus with market regulator SEBI last year, looking to raise Rs 65.17 crore through its maiden public issue.

The two-year-old firm, engaged in the business of beauty and healthcare treatment, operates healthcare/fitness centres under the brand name Evolve. It has three company-owned-and-operated Evolve centres in Mumbai, besides two franchise centres in Thane and Chennai. The company intends to use the IPO money to establish 55 outlets of Evolve Medspa across various cities, bear the expenses towards brand promotion and meet working capital requirements for running the above centres.

While the Yash Birla Group owns 62.47 per cent stake in the company, another member of the venture, Dr Abhijit Desai, owns 0.5 per cent stake. The rest of the stake is with other shareholders, including the erstwhile foreign partner Pacific Healthcare Holdings of Singapore. But the question is: Will the group look at combining the operations of the two firms and if yes, how soon?

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MoT to highlight Wellness Tourism at ATM 2011

Sunday, May 1st, 2011
By Maansi Sharma and Anish Punackattu
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The Ministry of Tourism (MoT), Government of India plans to highlight Incredible India’s Wellness Tourism offerings at the Arabian Travel Market (ATM) 2011 in Dubai. The India pavilion at ATM will showcase the theme, ‘Wellness Tourism’ apart from other products in segments like wildlife, adventure, culture, fairs and festivals etc, a reliable source from India Tourism office in Dubai informed TravelBiz Monitor. 

ATM will be held from May 2-5, 2011 at the Dubai International Convention and Exhibition Center; the event has witnessed five per cent increase in number of exhibitors over last year. This increase is specially fueled by countries like Syria, Saudi Arabia, Jordan and Qatar who have increased the amount of space booked by them this year by 11.8 per cent, 7.5 per cent, 3.8 per cent and 3.6 per cent respectively. Keeping these numbers in mind, the growth of ATM 2011 is foreseen to be at least eight per cent by the opening day of the show.

According to India Tourism office in Dubai, the India Pavilion having 400 sq m space will be inaugurated by Sanjay Verma, Consul General of India. MoT is also expecting 25 private sector players and three state tourism boards to participate under the India pavilion. The private sector participants include hotels, resorts, tour operators and wellness service providers. MoT also intends to organise a presentation on India Tourism and is expecting the attendance of Sanjay Verma and Lokesh Mysore Kapanaiah, Ambassador of India to the United Arab Emirates.

Kerala Tourism will emphasise on promotion of Ayurveda this year at ATM this year. Venu V, Secretary, Tourism and Cultural Affairs, Government of Kerala said,“Our key products at ATM will be Ayurveda and Houseboats, the two USPs of Kerala. These are experiences authentic to Kerala and which could draw both native Arabs, as well as the well-heeled expatriates from Europe and America to consider India as an unique and preferred destination.”

According to Suresh Kumar, Deputy Director, Publicity & Marketing, Department of Tourism, Government of Kerala, Kerala Tourism has taken 40 sq m stall space in the India Tourism pavilion and a total of eight participants comprising of tour operators, hotels and resorts are attending ATM along with Kerala Tourism. “The idea is to promote Kerala in the Middle East market. Typically we promote Ayurveda in this region and find lot of potential clients for this segment here,” stated Kumar. Likewise Karnataka Tourism is also gearing up to promote Medical Tourism opportunities in the state at ATM this year apart from the luxury train, Golden Chariot informed Vishwanatha Reddy, Director Tourism, Karnataka.

ATM 2011 will feature an additional fourth business day unlike its previous editions. According to Mark Walsh, Group Exhibition Director, Reed Travel Exhibitions, “We’ve decided to change the format of the show after a survey revealed that the majority of participants wanted more time to explore business opportunities, while also retaining a consumer element. The new format accommodates that request. As a result, ATM 2011 will run from Monday to Thursday (May 2-5), followed by a dedicated consumer session on the last day between 3 pm and 9 pm.”

The expo is all set to cover topics within the luxury travel sector, the cruise industry, aviation, Middle East tourism trends, online marketing, technology, medical tourism, new hotel concepts and for the first time, the World Travel Market Vision’s conference discussing green initiatives within the industry. The exhibition will include ATM’s special additions like Consumer Day, Travel Agents Day, and Careers Day. Each of these will give exhibitors a chance to present their destinations directly to consumers, travel agents and prospective employees.

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Baba Ramdev takes on multinationals in his own style

Thursday, April 14th, 2011
Shishir Prashant / New Delhi/ Dehradun April 13, 2011, 0:34 IST

Baba Ramdev, one of the fiercest proponents of the Swadeshi campaign in India, has joined hands with packaging solutions company, Tetra Pak, to develop an array of new range of ready-to-drink health beverages in aseptic packages of different sizes and shape.

In the US, the yoga guru has also acquired an ayurvedic medicine company in the name of Herbo Ved, for an undisclosed sum to sell the new products abroad.

Back in his mega Patanjali Food and Herbal Park in Haridwar, Uttarakhand, established with an investment of Rs 500 crore across a sprawling 125 acres of land, Baba Ramdev has set up two manufacturing machines of Tetra Pak. These units have a capacity to produce 32,000 packets in one hour. All the new products will be free of any preservative and can be stored for up to six months.

Patanjali Ayurved Ltd, an organisation founded by Baba Ramdev, has already launched its first product — Amla Amrit — an amla juice, in a 65 ml Tetra Pak pack for Rs 5.

Patanjali Ayurved has invested Rs 25 crore in the two machines of Tetra Pak at the food park.

The company would shortly launch 20-30 new products in various varieties like apple and grape juices. “We want to provide pure and healthy products to our countrymen. Keeping this in mind, we are going to launch our products in Tetra Pak packages,” said Baba Ramdev.

Initially, all new products will be available in Patanjali Ayurved’s 1,500 stores across the country. Later, these products will also be available in the open market.

Significantly, Patanjali Food and Herbal Park is religiously following the Food and Drug Administration norms of the US, considered to the highest in the world, he added.

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