Brief Business Model

TIPS Industries Limited is a leading Indian music label company which creates,purchased and licencing the music content. It is established in 1988 and run by Taurani family(Kumar and Ramesh). It has strong brand recognition, extensive music collection of more than 30000 songs catalogue of film, non-film, devotional, pop and remixes in Hindi, Punjabi, Gujarati, Bhojpuri and other languages which straddle all genres of popular Indian music. The catalogue has robust multi-year track record, the Company has demonstrated consistent success in creating high quality music and acquiring music related intellectual property rights (IPR). Basically Tips have two businesses. 1. sound recording or master recording. That is 90% of our business.Tips produce music as well as buy IPR (buy right one time or continue give royalty) 10% which is publishing music business (licensed to over the top (OTT) video platforms, content aggregators, television channels, telecom companies, radio stations, advertisers, event management companies, hotels, restaurants and others. ).

Megatrend/Trend driver

Increasing internet penetration, smartphone usage and the rollout of 5G technology The Indian Music Industry (IMI) report states that the number of audio OTT users is projected to grow to around 900-million by 2030, which makes it one of the largest markets for digital music in the world. The live music scene in India has witnessed tremendous growth in recent years due to young population. With the proliferation of smartphones, affordable internet connectivity, and the availability of streaming platforms, music consumption in India has witnessed a significant surge. Brands and advertisers are recognizing the power of music as a marketing tool. Indian music, especially Bollywood music, is gaining global recognition. Initiatives like the Make in India campaign, Digital India program, and Startup India have created a conducive environment for music startups, technology platforms, and independent artists. TIPS Industries has developed strong relationships and collaborations with renowned music directors, composers, lyricists, and singers in the industry. These connections provide them with access to top talent, exclusive collaborations, and a competitive advantage in acquiring rights to high-quality music.

Competitive Advantages

“Songs of 90s are in big demand. You can see in the last 2 years our ‘21 top line was 90 crores and this ‘23 our top line is 187. Old portfolio and new one new catalog formation is tough so may be new labels have entry barrier. Publishing songs to 200 countries international deal with sony music singned at 2023. TIPS Industries is one of the oldest and most established music labels in India. It was founded in 1975, which gives it a rich history and experience in the music industry. Music labels own IPR for their repertoire for 60 years as per the copyright Act 2012 “.

TIMELINE

Brief Business Model

Manappuram Finance is a Non-Banking Finance Company (NBFC), which provides a wide range of fund based and fee based services including gold loans, money exchange facilities, etc.Manappuram has diversified their product streams from a pure gold lending company to a more diversified financial company. Their current product segments include gold lending, microfinance, home loan finance and CV finance, with gold loan accounting for 73% of AUM in Q3FY21.Manappuram acquired Asirvad in 2015 [4] to venture into microfinance at a cost of 110 cr. Ashirvad’s current AUM stands at 5,358 Cr. as of Q3FY21. Manappuram was the first company to start online gold lending in 2015 [6], online gold loans account for 59% of overall gold loans as of Q3FY21.Housing finance division focuses on mid to low income self-employed customers (80% customers are self employed). The loan AUM has grown at 19% CAGR, from 310 Cr. in FY17 to 630 Cr. in FY20. 42% of outstanding loans are for home loans, 32% for individual home construction and 26% for loan against property. Gross NPA stood at 4.9% (Q3FY21).Vehicle loans division grew very fast (45% CAGR) from 306 Cr. in FY17 to 1344 Cr. in FY20. Since COVID outbreak, AUM has reduced by 26% to 988 cr. in Q3FY21. 70% of the outstanding loans are for CV financing, 19% for two wheeler and 11% for passenger vehicles. Gross NPA stood at 8.3% (Q3FY21)

Megatrend/Trend driver

Gold loan demand expected to grow at 18-20% CAGR YOY.Vehicle loans division grew very fast (45% CAGR) from 306 Cr. in FY17 to 1344 Cr. in FY20. Since COVID outbreak, AUM has reduced by 26% to 988 cr. in Q3FY21. 70% of the outstanding loans are for CV financing, 19% for two wheeler and 11% for passenger vehicles. Gross NPA stood at 8.3% (Q3FY21).the gold loan AUM for Manappuram will continue to account for around two-third of the consolidated AUM and over 80% of consolidated profit over the medium term.rofitability has remained strong with a consolidated RoMA being over 4.0% over past 6 fiscals, driven by the large profit generated by the gold loan segment. The consolidated net profit for the company stood at Rs 1,329 crore in fiscal 2022 as against Rs 1,725 crore in fiscal 2021.

Competitive Advantages

1.Established market position in the gold finance business : Reputation and trust play a significant role in this segment as these give the customer an assurance of getting back personal gold ornaments once the loan is repaid. After shifting towards shorter tenure gold loans of three months in 2015 to de-risk the portfolio from sharp fluctuations in gold prices, the company has witnessed stability in business with an increase in customer base and gold holdings.

2.Sound capitalisation and strong profitabilty : Profitability has remained strong with a consolidated RoMA being over 4.0% over past 6 fiscals, driven by the large profit generated by the gold loan segment. The consolidated net profit for the company stood at Rs 1,329 crore in fiscal 2022 as against Rs 1,725 crore in fiscal 2021.

3. Stable funding profile: As on December 31, 2022, the company’s consolidated borrowings (including external commercial borrowings – ECBs) from banks (public and private) and financial institutions stood at around 66%; higher than the 57% as on March 31, 2022. For the same period, the share of CP marginally reduced to 0.2% from 4%. Because of its legacy and highly secured asset class, MAFIL is able to roll over existing bank lines/ CP and continue to raise fresh funds from diversified sources. Between April 1, 2022, and March 15, 2023, the company raised fresh borrowings of around Rs 6,300 crore through CC/WCDL, term loans, and NCDs. The standalone cost of borrowing was 8.2% during 9M 2023 as compared to 7.8% in fiscal 2022 (9.7% in fiscal 2021). The increase in the cost of funds have inched up in line with the rising interest rate environment. The consolidated cost of borrowing during 9M 2023 stood at 8.3% as compared to 8.6% in fiscal 2022 (10% in fiscal 2021).

TIMELINE

Thyrocare operates with a Central Processing Laboratory (CPL) in Mumbai – India for esoteric tests; and Regional Processing Laboratory in major metro cities of India. We have focused on strong technologies, strong brands and strong systems that enable us to give our clients the best of science and technology at an affordable cost.

With a belief that ‘Quality’ is the heart of any intelligent management, Thyrocare became one of the first Indian diagnostic laboratories to obtain internationally renowned quality accreditations like ISO 9001-2000 rating as early as 2001, which is now escalated to ISO 9001:2015 and CAP (College of American Pathologists) certification in 2007.

Our clear focus on speed and accuracy further made us the first Indian laboratory to also have an IT enabled, 24×7, fully automated diagnostic laboratory set up covering over 2,00,000 sq. ft. floor space that ensures error-free processing of over 1,00,000 specimens and over 4,00,000 Clinical Chemistry investigations per night. Our unmatched speed factor is achieved through a combination of air-cargo logistics and IT enabled, barcoded, bi-directional systems that ensures a turnaround time of 4 to 8 hours for processing of samples that arrive at any time of the day or night.

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Brief Business Model TIPS Industries Limited is a leading Indian music label company which creates,purchased and licencing the music content. Read more

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Our company, along with Subsidiaries, currently own and operate casinos in India, in the states of Goa and Sikkim also started an international casino in Nepal, offering approximately 2,000 gaming positions. In addition, we have also ventured into the fast-growing online gaming space through our acquisition of Gaussian Networks Private Limited, which operates the online poker site ‘Adda52.com’. Our Company holds three of the six offshore gaming licenses issued in Goa, one land based casino in Goa and one in Sikkim; and two online gaming sites.

Our Company currently operates Deltin Royale and Deltin JAQK, amongst the country’s two largest offshore casinos, and Kings casino, the only floating hotel with a casino in India. Our Company also owns and operates the Deltin Suites, a 106 room, all-suite hotel with a casino located in Goa. We also operate the Casino Deltin Denzong located at the Denzong Regency hotel in Gangtok, Sikkim. We also own and operate The Deltin, a 176 room five-star hotel in Daman, which is an integrated resort with a proposed casino. We also own and operate the online poker site ‘Adda52.com’; and the online rummy site ‘Adda52rummy.com’. We also started our operation internationally with Deltin Casino International, located at Kathmandu Marriott Hotel in Nepal.

Our company, along with Subsidiaries, currently own and operate casinos in India, in the states of Goa and Sikkim also started an international casino in Nepal, offering approximately 2,000 gaming positions. In addition, we have also ventured into the fast-growing online gaming space through our acquisition of Gaussian Networks Private Limited, which operates the online poker site ‘Adda52.com’. Our Company holds three of the six offshore gaming licenses issued in Goa, one land based casino in Goa and one in Sikkim; and two online gaming sites.

Our Company currently operates Deltin Royale and Deltin JAQK, amongst the country’s two largest offshore casinos, and Kings casino, the only floating hotel with a casino in India. Our Company also owns and operates the Deltin Suites, a 106 room, all-suite hotel with a casino located in Goa. We also operate the Casino Deltin Denzong located at the Denzong Regency hotel in Gangtok, Sikkim. We also own and operate The Deltin, a 176 room five-star hotel in Daman, which is an integrated resort with a proposed casino. We also own and operate the online poker site ‘Adda52.com’; and the online rummy site ‘Adda52rummy.com’. We also started our operation internationally with Deltin Casino International, located at Kathmandu Marriott Hotel in Nepal.

Our company, along with Subsidiaries, currently own and operate casinos in India, in the states of Goa and Sikkim also started an international casino in Nepal, offering approximately 2,000 gaming positions. In addition, we have also ventured into the fast-growing online gaming space through our acquisition of Gaussian Networks Private Limited, which operates the online poker site ‘Adda52.com’. Our Company holds three of the six offshore gaming licenses issued in Goa, one land based casino in Goa and one in Sikkim; and two online gaming sites.

Our Company currently operates Deltin Royale and Deltin JAQK, amongst the country’s two largest offshore casinos, and Kings casino, the only floating hotel with a casino in India. Our Company also owns and operates the Deltin Suites, a 106 room, all-suite hotel with a casino located in Goa. We also operate the Casino Deltin Denzong located at the Denzong Regency hotel in Gangtok, Sikkim. We also own and operate The Deltin, a 176 room five-star hotel in Daman, which is an integrated resort with a proposed casino. We also own and operate the online poker site ‘Adda52.com’; and the online rummy site ‘Adda52rummy.com’. We also started our operation internationally with Deltin Casino International, located at Kathmandu Marriott Hotel in Nepal.

Our company, along with Subsidiaries, currently own and operate casinos in India, in the states of Goa and Sikkim also started an international casino in Nepal, offering approximately 2,000 gaming positions. In addition, we have also ventured into the fast-growing online gaming space through our acquisition of Gaussian Networks Private Limited, which operates the online poker site ‘Adda52.com’. Our Company holds three of the six offshore gaming licenses issued in Goa, one land based casino in Goa and one in Sikkim; and two online gaming sites.

Our Company currently operates Deltin Royale and Deltin JAQK, amongst the country’s two largest offshore casinos, and Kings casino, the only floating hotel with a casino in India. Our Company also owns and operates the Deltin Suites, a 106 room, all-suite hotel with a casino located in Goa. We also operate the Casino Deltin Denzong located at the Denzong Regency hotel in Gangtok, Sikkim. We also own and operate The Deltin, a 176 room five-star hotel in Daman, which is an integrated resort with a proposed casino. We also own and operate the online poker site ‘Adda52.com’; and the online rummy site ‘Adda52rummy.com’. We also started our operation internationally with Deltin Casino International, located at Kathmandu Marriott Hotel in Nepal.