Tuesday, June 19, 2018

d below press release from SOTC Travel:
SOTC Travel sees sales grow in offering customers the Omnichannel experience
·         SOTC online channel contributes 10-12% to current business
·         Envisions huge potential in the Travel E-Commerce space
Mumbai, June 19, 2018: The retail landscape has radically changed due to the digitization and shift in consumer buying behavior. Creating a cohesive, seamless experience between physical stores and digital gives retailers an advantage to stay ahead in the market. SOTC embarked on a digital initiative and introduced its e-commerce platform last year to make its web usage more flexible, with easy access and a rich interface. Access to new markets and customers was a key growth factor.
Consumers have evolved tremendously due to multiple factors such as easy access to information, enhanced ability to consume and the willingness to explore. Since the introduction of the online platform last year, newer avenues with an onset of a new set of customers have resulted in a 10- 12% growth of current business from online channels attributing and incentivizing its Omnichannel success.
SOTC Online was launched with the aim of creating better products by enhancing the traveller’s journey experience with the help of back-end technology integrations with efficiency improvisation for real time connect with customers.
With a trend in Visa on Arrival, Short Haul destinations and long weekend travel on the rise, SOTC introduced  online predefined  customized packages under the ‘Easy Series’ which gives a costing advantage of Group tours on FIT packages.  125 packages were introduced under the Easy product category. The destinations included - Thailand, Singapore, Mauritius, Dubai, Hong Kong, Bali, Spain, South Africa, Sri Lanka, Kerala, Andaman, Bhutan, Kashmir and Ladakh.
The online platform of SOTC Travel features packages for a clientele with a healthy mix from millennial to senior citizens. FIT packages for Millennials to Singapore, Thailand, Dubai and Mauritius. For senior citizens, SOTC online has religious domestic tour packages called ‘Darshans’ which are crafted spiritual experiences, along with special senior citizen packages for Europe/USA.

Apart from the traditional enquiries, SOTC has witnessed an 18% increase in customer enquiries for domestic and short haul destinations where customers preferred booking domestic group tours, short haul international GIT & budget category packages for Europe & USA, with the booking amount ranging from 1.25 lakh – 3 lakh per transactions due to enhanced online presence. In 2017, 7000 bookings were received through SOTC’s online channels.
The most frequent destinations chosen online are Singapore, Dubai is trending high followed by Egypt, Europe and Bali. Maximum bookings from online business have been received from major metros like Mumbai, Bangalore, New Delhi, Pune, Chennai, Ahmedabad, Kolkata, Hyderabad, Chandigarh, Lucknow & Jaipur.

Speaking about the exclusive product offerings Daniel D’souza- Head of Sales, India & NRI Markets & E-Commerce SOTC Travel said, “Indian travellers are evolving rapidly, and there is an increasing demand for personalization to their travel with engaging and experiential itineraries tailor made to their unique interests. The entire process from identification to exploration to consumption is now taking place online. At SOTC Travel, we follow an Omnichannel by being present at all times for our customers adding value throughout their travel.”

He further added, “Over the last one year, we have seen an increase in website visitors, content consumption and feedback from our users on our product offerings. Our aim is to adapt our processes to enhance consumer needs in order to give them the best experience irrespective of the touch-point being online or offline.”
-

No comments:

Post a Comment

GIVE REVIEW ABOUT OUR UPDATE OR REQUEST

Subscribe to: Post Comments (Atom)

Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face value of ₹10 each Fresh Issue Size - Up to 98,97,000 Equity Shares OFS size - Up to 13,50,000 Equity Shares Total Size - ₹ 150.71 Crore (At Upper Price Band) Price Band - ₹ 126 - ₹ 134 per share Lot Size – 111 Equity Shares Mumbai, September 21, 2026 - Adroit Industries (India) Limited is a vertically integrated manufacturer of propeller shafts and torque-transmission components with over four decades of operational experience, serving automotive, primarily commercial vehicles, and non-automotive applications, including defence and emergency services, heavy equipment and off-highway machinery and industrial equipment across more than 32 countries, proposes to open its Initial Public Offering on Wednesday, September 23, 2026 aiming to raise ₹ 150.71 Crores (At Upper Price Band), with shares to be listed on the BSE & NSE. The offer size is up to 1,12,47,000 Equity Shares with a face value of ₹10 each with a price band of ₹126 - ₹134 Per Share. Equity Share Allocation QIB Portion – Not more than 50.00% of the Offer Non-Institutional Investors - Not less than 15.00% of the Offer Retail Individual Investors - Not less than 35.00% of the Offer The net proceeds from the IPO will be utilized for funding capital expenditure by the company towards procurement of machinery and equipment for enhancement of operations at the Dewas Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in its subsidiary Adroit Driveshafts Private Limited for capital expenditure towards machinery and equipment at the Pithampur Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in the subsidiary for repayment or pre-payment, in full or in part, of certain outstanding borrowings availed by it, and general corporate purposes. The anchor bidding is on Tuesday, September 22, 2026. The offer will open on Wednesday, September 23, 2026 and will close on Friday, September 25, 2026. The Book Running Lead Manager to the Offer is Choice Capital Advisors Private Limited and the Registrar is Bigshare Services Private Limited. Mr. Saurabh Sangla, Chairman and Managing Director of Adroit Industries (India) Limited “expressed, The upcoming IPO marks a new phase for the Company. Over the years we have built vertically integrated capabilities spanning forging, precision machining, heat treatment, assembly, balancing and testing, and expanded our portfolio to over 5,000 SKUs of driveline components supplied to customers in more than 32 countries. Going forward, our focus will be on strengthening capacity across our manufacturing facilities, improving operational efficiency, deepening engagement with the Distributors, OEMs and Tier-1 customers across our export and domestic markets and broadening our automotive and non-automotive applications. The IPO will support our plans as we continue to strengthen the business and pursue long-term growth.” Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited said, “Adroit Industries (India) Limited has built an export-led driveline business over four decades, with vertically integrated manufacturing and a diversified customer base across automotive and non-automotive applications. The upcoming IPO marks an important step in the Company’s journey as it enters the public markets. We believe the Company’s integrated manufacturing capabilities, long-standing customer relationships and expanding product portfolio provide a foundation for its next phase of growth. We are pleased to be associated with Adroit Industries (India) Limited as it takes this step towards becoming a publicly listed company.” About Adroit Industries (India) Limited Adroit Industries (India) Limited is a vertically integrated manufacturer and supplier of propeller shafts – also known as drive shafts or cardan shafts – and related torque-transmission components. Its portfolio spans over 5,000 SKUs of driveline components, including propeller shaft assemblies, yokes, shafts, companion flanges, universal joints and accessories, supplied to automotive applications, largely commercial vehicles and SUVs, and to non-automotive applications spanning defence and emergency services, heavy equipment and off-highway machinery and industrial equipment. The Company operates three manufacturing facilities in Madhya Pradesh – Dewas Facility i.e for die making and forging processes, Pithampur Facility for machining and assembly, operated by its subsidiary Adroit Driveshafts Private Limited, and Sanwer Road Facility for certain finishing operations– with end-to-end in-house capabilities covering forging, precision machining, heat treatment, assembly, balancing and testing. The facility is certified under IATF 16949, ISO 9001, ISO 14001 and ISO 45001. With operations commencing in 1966, the Company has evolved into an export-led driveline components manufacturer, with 95.39% of Fiscal 2026 product sales derived from outside India across more than 32 countries, supported by a Canadian subsidiary for North American customer engagement, and serving 185 customers in Fiscal 2026 through distributors, Tier-1 driveline component suppliers and OEMs. In FY26, The Company achieved a Revenue from operations of ₹1,399.43 million, EBITDA of ₹387.10 million & PAT of ₹261.58 million. Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face valu...