Jyothy Labs Acquires Quiclo from Smartwash Solutions for Rs 70 Lakhs.

Jyothy Labs Limited announced on Thursday, September 19, the acquisition of the laundry service brand Quiclo from Smartwash Solutions Private Limited. This acquisition, which includes the brand’s software and customer database, marks a strategic step for Jyothy in expanding its laundry service business, particularly in Hyderabad.

Key Takeaways from the Acquisition:

• Jyothy Labs acquires the Quiclo brand, software, and customer database from Smartwash Solutions Private Limited for Rs 70 lakhs.
• The acquisition strengthens Jyothy's existing laundry service operations, with a particular focus on expanding its customer base in Hyderabad.
• The deal, completed on September 19, was conducted through a cash consideration and does not involve any related party transactions.

Jyothy Labs Limited has acquired the laundry service brand “Quiclo” from Smartwash Solutions Private Limited. The purchase includes the brand's software and customer database, though no entity or division was acquired. The transaction was finalised at a cash consideration of Rs 70,00,000 plus applicable taxes. 

This acquisition aligns with Jyothy's strategic goals, particularly in expanding its laundry service business and strengthening its customer base in Hyderabad. The deal was completed on September 19, 2024, without the need for any additional governmental or regulatory approvals as disclosed in a stock exchange filing.

This acquisition reinforces Jyothy’s focus on expanding its laundry service footprint in India, aiming to deliver enhanced services and reach a broader consumer base in Hyderabad.

About Jyothy Labs Limited:  

Founded in 1983 by Mr. M. P. Ramachandran in Thrissur, Kerala. Jyothy Labs Limited is a renowned brand in the domestic FMCG industry. They have a diversified product portfolio spanning four major categories of fabric care, dishwashing, household insecticides (HI), and personal care. The company is known for its household products, including Ujala, Maxo, and Exo. The company has been diversifying into new sectors, including laundry services, to grow its presence in the consumer market.

Key Takeaways from the Contract Win

• EMS Limited has secured a ₹681.49 crore contract for pollution abatement and rejuvenation of River Adi Ganga in Kolkata.
• The project, awarded by Kolkata Municipal Corporation, will include a 36-month timeline for design, build, testing, and commissioning.
• EMS Limited holds a 74% share in the project, with the remaining 26% held by its JV partner.

The contract involves pollution abatement work for the rejuvenation of the River Adi Ganga in Kolkata, West Bengal.

In the filing to the stock exchange, it stated that the project will be delivered in 36 months and will have a 3-month trial period, before a 15-year O&M (operations and maintenance) schedule. 

EMS Limited retains a 74% share in the project, while the balance will be held by a JV partner.

About EMS Limited 

Founded in 1998, EMS Limited is based in Delhi and operates as an EPC company, providing complete solutions to water and wastewater management needs. We offer and provide end-to-end services through engineering, design, construction, offerings, installation and fixed water treatment, wastewater treatment, and solid waste treatment.

Key Takeaways from Archies Collaborations

• Archies has collaborated with premium brands like Ajmal & Sons, Cadbury, Ferrero Rocher, and Casa Decor.
• In this partnership, it is planned to launch bespoke gifting collections that cater to the seasonal demand and give choices to their customers.
• Items include luxurious perfumes and gourmet chocolates, stylish home decor items, and unique stationery items catering to many tastes and budgets.
• The campaign brings across hassle-free refined gifting by setting Archies as the first point of choice for festive gifting.
• It is represented with a collection by varieties of brands such as Bel Avenir and Mcaffeine; it promises a wide variety of thoughtful gift options for the customer to ponder over.

The collaboration is to deliver a hassle-free and wide-range gifting experience to customers with exclusive luxury fragrances, gourmet chocolates, stylish home décor, and unique stationery items. It underlines the fact that Archies are engaged in this pursuit of refinement while catering to a variety of tastes and budgets.

“By partnering with some of the best brands in the market, we are positioning Archies as the ultimate destination for festive gifting this season. Our collection is designed to bring joy to every occasion, offering customers premium options that align with the celebratory spirit,” Varun Moolchandani, Executive Director of Archies Limited said.

This portfolio will contain a variety of products including luxury perfumes by Ajmal & Sons, gourmet chocolates from Cadbury, Ferrero Rocher, and Hershey's and even home decor ware manufactured in the beautiful designs of Casa Decor. Other brands associated with Archies include Bel Avenir and Mcaffeine, which bring more variety in the range, so one can buy some great gifts for their loved ones.

About Archies Limited:

Archies is a brand in the gifting industry for decades and has proven very successful in offering innovative and heartfelt solutions for gifting. It has been that brand making numerous efforts to spread love and bliss through its wide range of offerings, thus becoming a sought-after destination for all those customers looking out for gifts. Archies not only strives to stay professional by maintaining quality and creativity but also reflects the spirit of personal relationships into its products, ensuring that each gift says a little bit of what the giver and the recipient feel. With constant product additions and trending changes, Archies manages to keep its respectability as well as its position as the most beloved choice for gifting on special occasions.

Key Takeaways from Infosys’ Partnership with Posti

• Infosys expanded its relationship with Posti to modernise and streamline the way customers receive services while improving the operational efficiency of the entire logistics industry.
• The engagement will be driven using Infosys Topaz to power an AI-first approach, fully enabled by generative AI technologies, to power operational efficiencies and quality of services.
• The company will use Cobalt to allow Posti to scale NextGen Application Management Services through the Live Enterprise Application Management Platform (LEAP).
• The partnership has significantly improved IT resilience at Posti over the last five years by reducing outages and disruptive events.
• Infosys has bolstered Posti's prevention and response to cyber threats while also modernising consumer-facing applications through the replacement of out-of-date systems and processes.

As part of the engagement, Infosys will implement an AI-driven strategy on Infosys Topaz, its AI-first offering, that builds on generative AI technologies. This approach is designed to empower Posti with improved operational efficiencies and elevated service quality, ultimately enhancing the overall customer experience.

Additionally, Infosys will utilise its Cobalt platform to provide NextGen Application Management Services through its Live Enterprise Application Management Platform (LEAP). This cloud-enabled platform will facilitate Posti’s cloud journey, helping to drive productivity across the organisation.

The engagement has, over the last five years, significantly improved IT resilience, and resulted in reduced outages and disruptions of the business at Posti. Infosys has also strengthened the competencies of Posti to prevent and respond to cyber threats on time. Specifically, it has transformed the front-end applications of Posti-facing consumers through the replacement of legacy systems and processes.

“...The collaboration with Infosys will accelerate our digital transformation journey and help us deliver exceptional services, optimise our operations, and strengthen our position as a leading delivery and logistics provider”, Petteri Naulapää, CIO & SVP, ICT and Digitalisation, Posti Group, said.

Karmesh Vaswani, EVP and Global Head Retail, Consumer Goods & Logistics, Infosys, in his remarks, said: “This extension demonstrates our unwavering commitment to delivering next-generation services and solutions specifically tailored to address the unique challenges faced by our clients in the Nordics.”

About Infosys Limited:

Incorporated in 1981, Infosys Limited is a consulting and IT services company listed on the NYSE with more than 315,000 employees and revenues of $18.7 billion for LTM Q1 FY25, along with a market capitalisation of $77.31 billion. Over our 40-year journey, we have been instrumental in positioning India as a premier destination for software services talent, pioneered the Global Delivery Model and are the first Indian IT company listed on NASDAQ. A host of our employee stock options program also helped create some of India's first salaried millionaires.

About Posti Limited:

Posti is the leader in delivering and fulfilling orders in Finland, Sweden, and the Baltics. The company makes improvements to its customers' day-to-day lives and businesses through an extended range of postal, logistics, freight, and eCommerce services. Posti serves about three million households and businesses through Finland's most extensive network coverage daily. Despite being present in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, and Poland, parcel traffic and contract logistics remain the key growth engines for this company in Finland, Sweden, and the Baltics. The firm has approximately 17,000 employees.