Balaji Agro Oils Ltd. released financial results for the Quarter and Nine Months that ended December 31, 2022. Total revenues fell by -2% from ₹29.0 in Q3 FY22 to ₹28.5 Cr in Q3 FY23. However Profit after Tax (PAT) increased by 61% from ₹ 0.8 Cr in Q3 FY22 to ₹ 1.2 Cr in Q3 FY23.<div> </div>

Balaji Agro Oils Ltd. Q3 FY23

AV Thomas announced an interim dividend of Rs.150 per share i.e.1500% on a face value of Rs 10.

AV Thomas announces interim dividend

OYO, which filed its Draft Red Herring Prospectus (DRHP) in October last year with the intention of raising $1.2 billion (INR 8,430 crore) through an initial public offering (IPO), is now considering an issue size of $800 million, down 33% from its previous expectations. The company, which has yet to gain SEBI's approval for its IPO, has written to the market regulator, requesting permission to file FY22 financial results, which demonstrate an increase in business following the second Covid-19 wave.

OYO Is Likely To IPO Around Diwali; IPO Size May Be Reduced To $800 Mn

White Oak Capital Management, the boutique investment management and advisory firm, has picked up a minority stake in IPO-bound Bikaji.

White Oak Capital buys 2% stake in IPO-bound Bikaji Foods, valuation at over $900 mn

Although after this, Pharmeasy has taken some steps to curb excessive expenditure &amp; the result has been visible in the latest numbers estimated. As of April 2023, the company has become operationally cash flow positive. In this article, we take a look at 2 different business models &amp; try to understand, from an investor's perspective, which startup would be a better option. A prime example of a Cash Burn model with high growth is <a target="_blank" href="https://www.planify.in/research-report/pharmeasy-share-price/">Pharmeasy</a>. The company has been investing heavily in marketing, customer acquisition, and expanding its operations across various cities in India. As for FY22, the company had to spend ₹1.27 to earn ₹1 of revenue which made it costly &amp; generated losses. High op. The cost was primarily due to offering discounted prices, convenience, and a wide range of healthcare products with an aim to capture a significant market share and establish its dominance in the online pharmacy sector. However, this approach has resulted in significant cash burn as the company focuses on aggressive growth and market expansion. Let's take a look at some stats: ​<div class="se-component se-image-container __se__float- __se__float-none" style="width: 50%"><figure style="width: 100%;"><img alt="" data-align="" data-file-name="Z0Ug8bJHntvaToqGt90YNXusypiVhwkynApSniDAgLMEuF3vf5inrjK-NcnXEYdoNQB7NZiMjAlr5LuZ17JHjp0MqmBgw63TIMBK3ZNQoY7e2ZFzNxK0RmfqA1pWDehHkcNsKrcyglzHVSzoSO8XpR4" data-file-size="0" data-origin="auto,auto" data-percentage="50," data-proportion="true" data-rotate="" data-size="50%," origin-size="988,620" src="https://lh6.googleusercontent.com/Z0Ug8bJHntvaToqGt90YNXusypiVhwkynApSniDAgLMEuF3vf5inrjK-NcnXEYdoNQB7NZiMjAlr5LuZ17JHjp0MqmBgw63TIMBK3ZNQoY7e2ZFzNxK0RmfqA1pWDehHkcNsKrcyglzHVSzoSO8XpR4" style="width: 100%;"></figure></div> ​Although after this, Pharmeasy has taken some steps to curb excessive expenditure &amp; the result has been visible in the latest numbers estimated. As of April 2023, the company has become operationally cash flow positive.​

Now let’s take a look at a model which might be delivering moderate growth but is profitable.Zoho Corporation, based in Chennai, India, is a prime example of a profitable startup with a moderate growth model. Zoho has taken a bootstrapped approach since its inception in 1996, relying on its own revenue to fund its operations and growth. The company prioritized profitability and self-sustainability from the early stages, focusing on organic growth and cultivating a loyal customer base. Zoho adopted a customer-centric approach, providing affordable and comprehensive software solutions to small and medium-sized enterprises (SMEs). The company's products gained popularity for their usability, customization options, and competitive pricing, attracting a dedicated user base.By maintaining profitability, Zoho achieved financial stability and avoided the need for external funding or relying on venture capital investments. The company grew steadily over the years, expanding its product offerings, investing in research and development, and expanding its global footprint.Let's take a look at Zoho’s financials: Also, let's have a detailed look at the expenses incurred by Zoho over the past 2 years: On the one hand, investors might be lured by the fact that a start-up with a higher growth potential might generate higher returns as well, irrespective of how much cash burn it is incurring while on the other hand an investors who like to take safer bets might want to invest in a startup that archives moderate returns but is profitable for a longer period of time. It all depends on the appetite the investor has to earn returns. At the same time, we have seen how VCs in India at one point in time had gone crazy, running behind high growth as growth drove higher valuations. Let's understand this with the help of an example: Flipkart: Flipkart, an e-commerce giant in India, is a classic start-up to-star story. VCs such as Accel Partners, Tiger Global, and Naspers invested substantial amounts in Flipkart, driving up its valuation over time. It grew from a start-up to being valued at $ 21bn in a decade where investors have reaped &gt;1300 returns. However, in spite of having mounts of losses, with negative margins and losing money every quarter, it was acquired at a valuation of $21 bn, representing a price loss multiple of 12x. Take another example, where while concentrating valuation, investors &amp; VCs have invested huge sums of money but it resulted in losses as the fundamentals weren’t that strong. For instance, PepperTap is a popular marketplace for people to order groceries online at a cheaper price. The company raised a funding of $51.2 mn. Unfortunately in 2016, pepper tap closed down its business. The reason stated was that they had spent very big sums on acquiring new customers &amp; were losing money on every order due to heavy discounts, as high as 70%. Another big reason was their implementation of a Zero-inventory model. They only collated.&nbsp;inventories from grocery stores &amp; updated their offerings. Due to an uncontrollable supply chain, the product faced inventory glitches. On the other hand, consider the other extreme, Consider a start-up that is profitable every year with positive cash flows. Given the success of Flipkart, one may prefer the cash-burning model but the other business has some unique advantages. To further make your concepts clear, we have prepared a comparison study that would assist you with your investment decisions:

​<div class="se-component se-image-container __se__float- __se__float-none" style="width: 50%"><figure style="width: 100%;"><img alt="" data-align="" data-file-name="yEwV_koazJs90rwkC6XnhIgDYFhlTKfxkjdL0esBpa8ZV0zgH11B_RzT3lp5kChV3xfBpXi3JHSFFKLpu_QrQe_6EvSdRN2fUPPCPC6834fANeNbJa1TjXyUiG4Olz4vk6BmaFSNpGgEQgdYekUCVd4" data-file-size="0" data-origin="auto,auto" data-percentage="50," data-proportion="true" data-rotate="" data-size="50%," origin-size="701,746" src="https://lh6.googleusercontent.com/yEwV_koazJs90rwkC6XnhIgDYFhlTKfxkjdL0esBpa8ZV0zgH11B_RzT3lp5kChV3xfBpXi3JHSFFKLpu_QrQe_6EvSdRN2fUPPCPC6834fANeNbJa1TjXyUiG4Olz4vk6BmaFSNpGgEQgdYekUCVd4" style="width: 100%;"></figure></div>​ Ultimately, the decision to invest in a cash-burn startup with high growth potential or a profitable startup with moderate growth depends on your specific circumstances, investment goals, and risk appetite. It is essential to conduct thorough due diligence, evaluate the startup's business model and market conditions, and align your investment strategy accordingly.

Which one to choose? CashBurn with greater risk or Positive cashflow with moderate risk

Cash burn with High Growth v/s Profitable with Moderate Growth?

<a target="_blank" href="https://www.planify.in/research-report/vikram-solar/">Vikram Solar</a>, a prominent solar panel manufacturer, has announced a new venture called VSK Energy that plans to invest up to $1.5 billion in the US solar energy supply chain. The initiative aims to establish a strong foothold in the American market and contribute to the development of a robust clean energy manufacturing sector.The joint venture is between Vikram Solar, Phalanx Impact Partners (a sustainability-focused private equity firm based in New York), and Das &amp; Co (an investment and development company with solar holdings in the US and India). By combining India's extensive solar manufacturing expertise with American resources, the partnership seeks to bolster the US's competitiveness in the renewable energy sector, particularly to offset China's dominance. ​<div class="se-component se-image-container __se__float- __se__float-none"><figure style="width:100%; height:auto;"><img alt="" data-align="" data-file-name="03JdMQMaCbtWT7eCiczGeRWEPFceQZm5g4DKkA6wcx646UnDdyv9ve3iRDpTWN2XwJDz-Wt_560xYAnaHZ721Bc-V8J07Qtv8M8eskerQiBDyb-cdiGG0u_iCbZFyJBvP6b1Hw42xPtadI80OymiQCc" data-file-size="0" data-origin="auto,auto" data-percentage="75," data-proportion="true" data-rotate="" data-size="75%," origin-size="1078,609" src="https://lh5.googleusercontent.com/03JdMQMaCbtWT7eCiczGeRWEPFceQZm5g4DKkA6wcx646UnDdyv9ve3iRDpTWN2XwJDz-Wt_560xYAnaHZ721Bc-V8J07Qtv8M8eskerQiBDyb-cdiGG0u_iCbZFyJBvP6b1Hw42xPtadI80OymiQCc" style="width:100%; height:auto;"></figure></div>​Indian Solar Terrain: India's solar industry has experienced unprecedented growth and transformation. With an installed solar capacity exceeding 66.78 GW as of March 2023, it accounts for more than 15% of the nation's total installed power generation capacity of 410.3 GW. The solar industry has grown significantly in the past few years, with installed capacity increasing by 35% in FY22. This surge in solar power is a testament to India's commitment to sustainable development and marks a 17% year-on-year increase in installed capacity in FY23 alone. As the industry continues to scale new heights, it illuminates a path towards a greener and more energy-efficient future for the nation.

Cost Efficiency: As the solar industry thrives, another captivating aspect comes to light which is cost competitiveness. The cost of solar energy in India has witnessed a significant decline, making it one of the country's most affordable sources of electricity. At present, solar power is available at an astonishingly low price of ₹2.43 ($0.033) per kilowatt-hour (kWh). This cost is even lower than the average cost of thermal power, making solar energy an economically viable and sustainable solution. Moreover, when compared to other conventional sources of electricity such as coal or natural gas, solar power proves to be highly competitive in terms of cost. Coal-based power generation, for instance, can range between ₹3-5 ($0.040-$0.067) per kWh, while natural gas power generation typically falls within the range of ₹5-8 ($0.067-$0.108) per kWh. ​<div class="se-component se-image-container __se__float- __se__float-none" contenteditable="false"><figure style="width:100%; height:auto;"><img alt="" data-align="" data-file-name="1Zj-S4qvJewCYr0YcdmaBl125aJ3jk6pn5tqaY-zYnFWePRsARgX_ZrQ5eHZJ3Aw7clrUAiX0xr6PDcEhDXKEbAQUN4A8uyWEcS4zqLEmtlclQHiYrjeiHBKZwTzCyRhJFqAGyzwmtEHCw5rIaBirBs" data-file-size="0" data-origin="auto,auto" data-percentage="75," data-proportion="true" data-rotate="" data-size="75%," origin-size="1084,620" src="https://lh3.googleusercontent.com/1Zj-S4qvJewCYr0YcdmaBl125aJ3jk6pn5tqaY-zYnFWePRsARgX_ZrQ5eHZJ3Aw7clrUAiX0xr6PDcEhDXKEbAQUN4A8uyWEcS4zqLEmtlclQHiYrjeiHBKZwTzCyRhJFqAGyzwmtEHCw5rIaBirBs" style="width:100%; height:auto;"/></figure></div>​

Government's Steadfast Support The Indian government plays a pivotal role in nurturing the growth of the solar industry. It has introduced various policies and initiatives to incentivize renewable energy adoption. The ambitious target of achieving 500 GW of renewable energy capacity by 2030 demonstrates the government's commitment. To further boost the solar industry, the government has implemented some measures and introduced fiscal policies like:&nbsp; Production-Linked Incentive (PLI) scheme, worth ₹24,000 crore, aims to enhance domestic manufacturing of PV Solar Modules. Vikram Solar won the bid for 2.4 GW capacity addition under the cells and modules basket out of a total of 7.4 GW awarded in PLI tranche-II. Imposed a Basic Customs Duty (BCD) of 40% on solar ingots and wafers, reducing reliance on Chinese competition and facilitating domestic production. Substantial investments have been pouring into the industry, with a total investment of $14.5 billion<div class="se-component se-image-container __se__float- __se__float-none" contenteditable="false"><figure style="width:100%; height:auto;"><img alt="" data-align="" data-file-name="lcfA5Qb3-T-6NQ2sHgJv1MnfvU-dpb2BObZpdwHsaIKFymNHBMbDRjEqciUvwrkaaJ_ShkZPLJXjHKd7U0G9qNBKzBgoTtO50sZkhNXNYS_qHi44_2GWiUPOEc6vXvK4tcBY4BO-e7yyGaSTQylbU-w" data-file-size="0" data-index="0" data-origin="auto,auto" data-percentage="75," data-proportion="true" data-rotate="" data-size="75%," origin-size="1600,838" src="https://lh5.googleusercontent.com/lcfA5Qb3-T-6NQ2sHgJv1MnfvU-dpb2BObZpdwHsaIKFymNHBMbDRjEqciUvwrkaaJ_ShkZPLJXjHKd7U0G9qNBKzBgoTtO50sZkhNXNYS_qHi44_2GWiUPOEc6vXvK4tcBY4BO-e7yyGaSTQylbU-w" style="width:100%; height:auto;"/></figure></div>(₹1.16 lakh crore) recorded in FY23.&nbsp;This influx of capital highlights the confidence of investors in the vast potential and growth prospects of the Indian solar market. Mounting Costs of Raw Materials Pose Significant Challenges for India's Thriving Solar Sector Due to the instability caused by the Russo-Ukrainian conflict, the prices of chief raw material of the solar industry i.e. polysilicon went up. The situation was aggravated by the disruptions in production caused by the Covid-19 pandemic in China and inflationary pressures in the global market. As a result, polysilicon prices increased by 75% compared to the previous year, reaching $35 per kilogram in FY22. All of the upstream solar industry was more or less relatively less affected by the rising costs of sales. Cost Reduction &amp; Fiscal Push- Prominent Indian solar manufacturers have embarked on a strategic path of capacity expansion and backward integration, driven by the objective of reducing costs. This proactive approach is commendable as it not only enhances profitability in the future but also diminishes reliance on government support, ultimately fostering a robust and highly competitive industry. Investment Thesis Legacy: Vikram Solar, headquartered in Kolkata, India is one of the leading manufacturers of high-efficiency mono-crystalline and polycrystalline silicon photovoltaic modules (installed capacity: 3.5 GW) of international repute. The company has a presence across 6 continents, includes offices in 11 countries and 3 manufacturing units in West Bengal, Kancheepuram and Tamil Nadu and possesses a track record of installing and commissioning over 1.35 GW of solar projects across India . The company has marquee clientele of Berger Paints, Pacific Quartz, Sopariwala 172, Sopariwala 203, Green Ply, Jindal Poly Buttons, Coast and Coast, and Pratibha Syntex.<div class="se-component se-image-container __se__float- __se__float-none" contenteditable="false"><figure style="width:100%; height:auto;"><img alt="" data-align="" data-file-name="yw-Pua6h7zLS8PGdlfu8wI11pbLwM3SWK3Lj_y6MdnMaONYaYCN0GsXhi_frIDYLpKvkxFkbYpxTKOrA8M1F4X4_45yz6Z7Aa6t9PL90uha7c9BligoSvgTKu9sBHAOUB9RMHhhGpKnNEYoBf-PtYAA" data-file-size="0" data-index="1" data-origin="auto,auto" data-percentage="75," data-proportion="true" data-rotate="" data-size="75%," origin-size="1600,816" src="https://lh3.googleusercontent.com/yw-Pua6h7zLS8PGdlfu8wI11pbLwM3SWK3Lj_y6MdnMaONYaYCN0GsXhi_frIDYLpKvkxFkbYpxTKOrA8M1F4X4_45yz6Z7Aa6t9PL90uha7c9BligoSvgTKu9sBHAOUB9RMHhhGpKnNEYoBf-PtYAA" style="width:100%; height:auto;"/></figure></div>​

Unleashing Profit Potential; From Cost Decline to Carbon Neutrality: As India progresses towards its goal of achieving net-zero emissions by 2070, solar power will play a crucial role in meeting this ambitious target. Prices of polysilicon dropped due to an over-supply of wafers in the latter half of FY23 owing to delayed production-cut by China &amp; high inventory (22 GW above the level of 2021) led sharp decline (43% from Q3 FY22 levels) of prices back to $ 15/Kg. The decreasing costs of solar components, particularly polysilicon, will play a crucial role in increasing the profitability of upstream solar manufacturers. Backward Integration: Vikram Solar's Key to Control, Quality, and Growth: Vikram Solar's adoption of backward integration plays a crucial role in its operations as it allows them to take full control of the manufacturing process. By producing key components internally, such as cells, wafers, and ingots, they ensure superior quality, cost optimization, and reduced reliance on external suppliers. This approach is instrumental in their plans to invest $1.5 billion in the US solar energy supply chain, facilitating accelerated growth in that market. The establishment of local manufacturing capabilities through this joint venture not only contributes to the US's clean energy transition but also reduces dependence on imports. This strategic move aligns with the broader goal of bolstering the domestic solar industry and supporting the expansion of renewable energy infrastructure nationwide. Way Forward: Building a Sustainable Future The initial step for VSK Energy involves setting up a factory in Brighton, Colorado, which is expected to commence module production in the coming year. This facility will play a vital role in enhancing the local solar manufacturing capabilities and creating job opportunities in the region. Additionally, VSK Energy has plans to establish a second facility in a southern state of the US by 2025. This forthcoming site will focus on producing cells, wafers, and ingots, which serve as the fundamental components of solar panels. Vikram Solar's capital expenditure is carefully directed toward enhancing manufacturing processes, optimizing efficiency, and driving technological advancements. The company was deeply affected in FY22 due to the volatility of raw material prices but with the fresh stability and growth impetus the industry is expected to have a strong turnaround in FY23. ​ Vikram Solar Ltd. Share Price: The face value of each Vikram Solar share is ₹ 10. Vikram Solar's stock price is ₹ 450/share. Vikram Solar IPO price band is not disclosed yet.

Vikram Solar JV Set to Boost US Solar Industry with $1.5 Billion Investment

Before we take a look at the long-term shares, an investor should understand what investing in Public Markets (listed) &amp; Private Markets (unlisted) respectively. Investing in a listed market involves buying and selling publicly traded securities, such as stocks and bonds, through regulated exchanges. It offers liquidity, transparency, and a wide range of investment options but is subject to market volatility and may require ongoing research and monitoring.Investing in private markets involves buying shares or securities of privately held companies that are not traded on public exchanges. It offers the potential for higher returns and access to early-stage companies, but it can be illiquid, less transparent, and carries higher risks due to the limited information available and longer investment horizons.Take for instance these numbers:&nbsp;The data presented in the above picture is from Goldman Sachs &amp; according to the above data, we can infer that Private Investments &amp; money raised through secondary markets have consistently outperformed money raised by companies through public issuance. Infact the value of deals has been double or more on most occasions in the last 10 years.

So, while there are many long-term shares that an investor can look to invest in there are a few key things that investors should keep in mind before investing:&nbsp;

Now let's discuss 5 stocks that you can invest in the long term:Chennai Super Kings:&nbsp;a) Company: Just like NBA is known for basketball, EPL is known for Football. Similarly, the Indian Premier League is the biggest and richest cricket league in the world. CSK is one of the top IPL teams with the highest winning % i.e. 60%. It won the IPL in the year 2010, 2011, 2018, 2020 &amp; most recently this year itself i.e. in 2023. It is the most consistent team and holds the largest fan base in comparison to all other IPL teams. b) Traction: 10x return in 2 years - In 2017 the IPL broadcasting rights went for ~ Rs. 16,000 cr for 5 years out of which CSK got ₹900 cr - ₹1600 cr each year. This time broadcasting rights have gone up to ₹48,390 cr and out of which CSK has earned ₹2,250 cr ( 450 cr/year) which is ~3x of the earlier revenue of CSK. The sponsorship revenue of CSK was ₹59 cr in 2021 which increased in 2022 to ₹100cr showing a 191% increase in CAGR. c) Client Base: Sports lovers &amp; specifically cricket lovers are expected to form a major client base of <a target="_blank" href="https://www.planify.in/research-report/chennai-super-kings-cricket-limited/">Chennai Super Kings</a>. People who idolize former Indian Skipper MS Dhoni &amp; current Star all-rounder Ravindra Jadeja are also expected to undertake major investments in CSK. d) Recent Developments: Chennai Super Kings has been crowned the Champions of the world’s richest Cricket league, the Indian Premier League (IPL) for the 5th time. They achieved this after competing against 9 teams. Previously they won the title in 2010, 2011, 2018 &amp; 2021. For further information, you can check this video <a href="https://www.youtube.com/watch?v=5eAkENhFfus">link</a>. e) Investment Thesis: It won’t be wrong to call CSK the torchbearer of IPL. A team that has won 5 IPL titles, qualified for the Finals a record 9 times. It just doesn’t get more consistent than this. CSK has a market cap of ₹5,361 Cr. In terms of popularity, CSK is now the most popular team in the world on Instagram with a record 377 Million followers leaving behind football giant teams like Real Madrid, FC Barcelona etc. It has shown a tremendous increase in Compounded Sales growth clocking over 231% &amp; Return on equity of over 160%

<ol><li style="font-size:15px;color:#000000;background-color:transparent">Studds Accessories Limited:&nbsp; </li></ol>a) Company: Studds is the world's largest two-wheeler helmet manufacturer and is the market leader in the Helmet industry and holds more than 26% market share in India. The industry size of two-wheeler helmet manufacturers was estimated to be close to $ 2.5 bn (~ ₹20,500 cr.) in 2021 &amp; is projected to reach $3.5 Bn (~ ₹28,685 cr.) by 2030, growing at a CAGR of close to 6.5%, showing steady growth.&nbsp; <div class="se-component se-image-container __se__float- __se__float-none"><figure><img src="https://lh4.googleusercontent.com/lkzQP3b_f8H3Xo6xrpUfEhheXANGYbWa0qg44WMw95Ej7YfIRsBS4g34tnFznNDcq6zVVxkxI8NuGzpRreURycxLMP7Y26KDCAQ9FgBademmX1xS5HVYiELd1whjueY67SAG9jvIwK0ZgsOGgGKagRw" alt="" data-proportion="true" data-align="none" data-file-name="lkzQP3b_f8H3Xo6xrpUfEhheXANGYbWa0qg44WMw95Ej7YfIRsBS4g34tnFznNDcq6zVVxkxI8NuGzpRreURycxLMP7Y26KDCAQ9FgBademmX1xS5HVYiELd1whjueY67SAG9jvIwK0ZgsOGgGKagRw" data-file-size="0" data-origin="," data-size="," data-rotate="" data-percentage="auto,auto" style="margin-left: 0px; margin-top: 0px;"></figure></div> b) Traction: Studds come under the PLI scheme of the government. It is a zero-debt firm and has been giving compounding returns (double return every 2 yrs) to its investors. The company uses one of the best technologies for production and got certified by the European Safety Agency and Safety. Studds generates 92.5% revenue from India and 7.5% revenue from exports. Their total revenue increased by 15.7% which was ₹414.5cr in FY20 and reached ₹479.6cr in FY21 with a 35% return on capital employed. As per the past 5 years' data, they have shown a 38.5% growth y-o-y in profits. c) Client Base: It has a presence in over 40 countries globally with a strong presence in diverse regions including the Middle East, Europe, Asia &amp; Latin America. For further reference, you can check the <a href="https://planify-main.s3.amazonaws.com/media/stock/document/linkFrReport/Annual_Report_2020-212.pdf">research report</a> of Studds. d) Investment Thesis:&nbsp;a)Company: Planify capital limited started 4yrs back and is now the largest private equity marketplace in India. Planify started with the Secondary sale of shares with the first Product as PreIPO where we provided Investors an opportunity to invest in Stocks before the IPO. People are having the problem of not getting allotment in IPO. IPOs generally are highly oversubscribed - 10x or even 100x at times. On the other hand, if some angel investors or VCs want to liquidate their holdings, they have to wait till the IPO or next round of funding for the company. They were able to hold through our marketplace. For reference, you can check the following video <a href="https://www.youtube.com/watch?v=4ttST8zliAg&amp;t=3s">link</a>. b) Traction: If we talk about numbers and growth, Planify did ₹4.5cr in the first year it started, and achieved 300% (₹14cr) in 2nd year. Last financial year the aim was ₹50 cr but with the love of investors and channel partners, it has achieved ₹150 cr which is 1000% growth in terms of turnover. c) Client Base: The company has facilitated fundraising worth ₹100 Cr. across 6 startups with a cumulative valuation of over ₹1600 Cr. The secondary investments have reached a tremendous ₹250 Cr. in Pre-IPOs &amp; are increasing at a rapid rate. d)Recent Developments: Planify launched its app in 2022 with a motive to provide all products under one roof to varied categories of users be they accredited investors or budding entrepreneurs. Planify has recently launched its very new product Launchpad allowing startups to get listed on Planify’s platform for a period of 1 year. e) Investment Thesis: Planify has been the leading choice for Angel Investors looking to invest in top upcoming Startups, Pre-IPOs, and Unicorns. With a base of over 10,000 accredited investors and 250+ exclusive investment opportunities, Planify is certainly leading the chart as far as investment opportunities are concerned. As India’s startup ecosystem continues to rapidly scale up, there will be more opportunities for Angel Investors to generate exponential returns. Planify has shown excellent growth in all spheres where on the one hand it has shown 2500%+ compounded profit growth &amp; over 64% on return of equity.

<ol><li style="font-size:15px;color:#000000;background-color:transparent">Urban Tots:&nbsp;&nbsp;</li></ol>a) Company: <a target="_blank" href="https://www.planify.in/research-report/urban-tots-deepak-houseware-and-toys/">Urban Tots</a> is involved in the business of manufacturing &amp; selling toys, ranging from plastic to electronic toys and roll plays. The Toy industry in India was valued at ₹221 Billion in 2022 &amp; is projected to reach ₹309 Bn in 2025. The government of India has recently introduced a PLI scheme to incentivize the production of Toys in India with the objective to make India a Net exporter in the toys sector, which is expected to greatly benefit Toy manufacturers like Urban Tots in scaling up their production. For more information, you can check the following video link.&nbsp; b) Traction: The company’s products are available at retail outlets like Hamleys, FirstCry, &amp; even IOCL Petrol Pump retail outlets, etc. as well on famous e-commerce sites like Amazon. The company has recently signed a contract with Hamley’s worth ₹750 Cr. The company is in the advanced phase of talks with Hasbro Inc, a US-based conglomerate &amp; one of the largest toy distributors in the world. Successful completion of the deal would result in an annual contract of ₹200 to ₹250 cr. (approx.) c) Client Base: The company has recently signed an exclusive agreement with Disney, to use the characters over its toys e.g. Mickey Mouse, Donald Duck, Iron Man, The Hulk, Frozen, etc. d) Recent developments: Urban Tots has recently opened its 5th retail outlet in Aerocity, Mohali, inaugurated by the Union Minister of Oil &amp; Natural Gas. e) Investment Thesis: Urban Tots has its own manufacturing plant spanning 36,000 sq. yd in Bhiwadi, Rajasthan. The company has a wide distribution network consisting of retail channels. The company has its own heavy machinery including 55 imported from abroad, which makes it self-reliant and independent.&nbsp; Market Player Negligible competition in the domestic market. Speaking about its distribution business, be it retail stores like Reliance Retail, Hamleys, Dmart, or Vmart or e-commerce like Amazon, Firstcry, or Urban Tots has a widespread presence. The company has shown excellent compounded sales growth estimated at over 204% while giving back returns on equity measured at 60.28%. VCI Chemical Industries:&nbsp; a)Company: VCI Chemicals is involved in the production of specialty chemicals products i.e. Coal Tar Pitch (commonly known as CTP) and high-grade Distillates. The company has a 1.1 Lakh MTPA Coal tar Distillery on 31.1-acre land in Kalinganagar, Orissa. CTP is a key ingredient used in the Aluminium smelter industry. For more information, you can check the following video <a href="https://www.youtube.com/watch?v=zLkibBrB5lY&amp;t=1s">link</a>. b) Traction: It is expected that the company will achieve a turnover of ₹350 Cr. by FY28&nbsp; with a 12% EBIT margin, and VCI profits should be close to ₹45 Cr. At a conservative estimate of a P/E of 20x, the company is expected to achieve ₹900 Cr. valuation in 5 years which is a multiple of 12x. c) Client Base:CTP demand of the Middle-east Market ( 2nd Globally) is at 5,70,000 TPA (Tonne per Annum) (estimated to be ~ 8,00,000 TPA by FY27). The company aims to substitute 20%-25% of the CTP requirement in the Middle Eastern market which currently relies 100% on Chinese imports. VCI is substituting up to 20% dependency of the middle-east Aluminum industry on Chinese monopoly by becoming long term (8+ years) strategic supplier of CTP (worth ₹ 300+ Cr.) to leaders of GCC (Gulf Cooperation Council). d) Recent Developments: VCI has signed long-term contracts (8+ years) with industry veterans like EGA (UAE), ALBA (Bahrain), Sohar (Oman), Maaden (Saudi Arabia), and Qatalum (Qatar) aims to be a strategic supplier of&nbsp; Coal Tar Pitch. e) Investment Thesis: The company’s operations are envisaged to enjoy tremendous locational advantage since 67% of the plant feedstock (Crude Coal Tar) will be sourced from steel plants within 120 km &amp; hence has the lowest inbound cost of any domestic competitors. The company has MoU with TATA Steel for the same. Feedstock Security is 3x+ in FY22. The plant is situated in a highly industrialized area of 1000 acres belonging to the Industrial Development Authority of Orissa &amp; henceforth operations are expected to be hassle-free from local hassles. Ample availability of coal and private, as well as government electricity feeders, will ensure 100% uptime of power.

Before we take a look at the long-term shares, an investor should understand what investing in Public Markets (listed) & Private Markets (unlisted) respectively.

Best Long-Term Shares for Sustainable Growth

Best Long Term Shares to buy

<span style="font-size:13pt;font-family:'Times New Roman';color:#222222;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">In recent years, startups have been receiving increased attention across the world. The start-up ecosystem has evolved drastically over the past decade and opened great avenues not only for financial capital but shared access to start-up advisory services such as free co-working spaces, knowledge sharing, access to multiple technology platforms, access to various CXO’s etc.&nbsp;<span style="font-size:13pt;font-family:'Times New Roman';color:#222222;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">The number of startups has increased tremendously and more support has become available across all dimensions. As per inc42, India Ranks third in global unicorn race. In 2022, India minted 3X more unicorns than China and other countries.&nbsp; The 3-year CAGR between 2019 and 2022,&nbsp; new unicorns produced in India was 44% whereas it was 33% in China.<span style="font-size:13pt;font-family:'Times New Roman';color:#434343;background-color:#ffffff;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">In India, the number of start-up’s have increased from 445 in 2016 to 86,713 in 2022, an increase of 141% CAGR. India has witnessed a surge in entrepreneurial spirit, with startups emerging in various sectors, from technology and e-commerce to healthcare and fintech. As of June 2022, the country had around 4,200 FinTech startups, 17 of which were unicorns and in the enterprisetech sector, there were 13 unicorns.&nbsp;<span style="font-size:13pt;font-family:'Times New Roman';color:#434343;background-color:#ffffff;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Bangalore has emerged as India’s primary startup hub, where out of total 115 unicorns, 44 unicorns have been founded in the past decade and Out of 100+ soonicorns, 44 are registered in Bangalore. Meanwhile, Delhi and Mumbai were the second and third largest unicorn hubs with 36 and 17 start-ups respectively. The fintech sector comes right after e-commerce, boasting a total of 21 unicorns, including prominent players like Paytm, Razorpay, Policy Bazaar, Digit, PhonePe, among others. In terms of India's unicorns, the e-commerce sector holds the majority share, with 23 startups achieving this esteemed status as of May 2022.

Indian&nbsp; Startup Ecosystem evolved by the number of unicorns <span style='font-size: 13pt; font-family: "Times New Roman"; color: rgb(34, 34, 34); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space-collapse: preserve;'><img height="375" src="https://lh3.googleusercontent.com/WtD7aqPY9UBSwQwGoGrjRDY5gjcpJjVDrGtLir0aMqeYDmPNHj4gAyGTZ_Paq4uT06ypsoGX41fNptPFTp7tuB6P1x8-t4aUpgdCLiE79xMegjSuPbDGQKSpPsm0Yy45S4NfaoBh3lB4B6cOYVBS3dw" style="margin-left:0px;margin-top:0px;" width="624"/>Source : Inc42 Report 2022&nbsp;<span style='font-size: 13pt; font-family: "Times New Roman"; color: rgb(34, 34, 34); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space-collapse: preserve;'><img height="354" src="https://lh3.googleusercontent.com/v6mjTdqRbzjNHyw9d_x5wRcTZfiDMy0h-iWSbbbAjKTZKEu7POSzwL3shpsSxcQbhr4DfcuSCBAXERyhJA91DKvVOt2bUaMjzwqefodKs8_kX1cE8Oj-vEfRmVY_ec9LeeItWPbpvenNL3PlyHR-NOw" style="margin-left:0px;margin-top:0px;" width="680"/><img height="354" src="https://lh3.googleusercontent.com/v6mjTdqRbzjNHyw9d_x5wRcTZfiDMy0h-iWSbbbAjKTZKEu7POSzwL3shpsSxcQbhr4DfcuSCBAXERyhJA91DKvVOt2bUaMjzwqefodKs8_kX1cE8Oj-vEfRmVY_ec9LeeItWPbpvenNL3PlyHR-NOw" style="font-size: 12pt; background-color: transparent; text-decoration-line: underline; margin-left: 0px; margin-top: 0px;" width="680"/>

<span style="font-size:13pt;font-family:'Times New Roman';color:#222222;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">With this boom in the startup ecosystem, the need for reliable and efficient platforms to secure startup funding has become paramount.<span style="font-size:13pt;font-family:'Times New Roman';color:#222222;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">In this ever-evolving landscape of entrepreneurial ventures, the search for external financial support has transcended traditional avenues, paving the way for a dynamic funding ecosystem. Today, entrepreneurs have an array of funding sources at their disposal, ranging from angel investors and venture capitalists to crowdfunding platforms and corporate partnerships. A<span style="font-size:12pt;font-family:'Times New Roman';color:#222222;background-color:#fafbfc;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">ccording t<span style="font-size:13pt;font-family:'Times New Roman';color:#222222;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">o <a href="https://www.fortuneindia.com/long-reads/more-than-just-an-angel/107055#:~:text=Angels%20And%20Start%2Dups&amp;text=From%20just%20a%20handful%20of,successful%20entrepreneurs%20and%20private%20investors." style="text-decoration:none;"><span style="font-size:13pt;font-family:'Times New Roman';color:#222222;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Fortune India</a><span style="font-size:13pt;font-family:'Times New Roman';color:#222222;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">, India is now home to a 26,500+ bustling angel investing community. While certain angel investors choose to operate independently, others opt to form syndications or join business angel networks, which enable them to make smarter and more effective investments.<span style="font-size:13pt;font-family:'Times New Roman';color:#222222;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Currently, India is the home of &gt;30 angel network platforms where some are sector specialists, few are company stage specialists and some are sector agnostic as well.&nbsp;<span style='background-color: transparent; font-size: 13pt; font-family: "Times New Roman"; color: rgb(34, 34, 34); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; vertical-align: baseline; white-space-collapse: preserve;'>Entrepreneurs across India are seeking out the best platforms to connect with investors who believe in their vision and are willing to provide the necessary financial support by funding them. <span style='font-size: 13pt; font-family: "Times New Roman"; color: rgb(34, 34, 34); font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; vertical-align: baseline; white-space-collapse: preserve;'>Various online startup investment platforms act as resourceful platforms for investors and startups.

Startups can raise funds from different kinds of investors and platforms based on their needs and stage. Planify Capital&nbsp;Planify is India’s leading platform for <a href="https://www.planify.in/sme-ipo/">startup funding</a> and fundraising.&nbsp; It facilitates strategic fundraising to attract top accredited investors. Planify is the biggest platform to invest in Startups, Pre-IPO &amp; Unicorns and connects investors with entrepreneurs for Angel Investing.Planify has successfully raised ₹100 Cr. from angel investors and family offices &amp; empowered ₹150 Cr. worth of transactions of Pre IPO &amp; Unicorns on its platform.Planify has 250+ exclusive opportunities for investors and has 34+ successful exits where the minimum return on the exits is 250%. Some of the exits stand at a whopping 1,000% - 2,000% return. Overall, Planify-backed investment opportunities generate more than 50% yearly returns.Planify-backed Startups have a portfolio valuation of over ₹1600 Cr. across 6 companies.Planify is backed by marquee investors like Bhumika Shrivastava (Global HR head Polygon), Shashvat Nakrani(Co-founder BharatPe), Devendra Jain (Head Customer Experience - Bharti Airtel) and Sunil Goel(Director- Ar Bearings Ltd.), Mankind Pharma family office and many more.Benefits to founders<ul><li>Networking: Through Planify, you can gain access to over 10,000 angel investors &amp; family offices.</li><li>Hassle-free fundraising: Planify is actively working on raising equity funds for startups and helps raise funds between ₹5 Cr. to ₹25 Cr.</li><li>Strategic Tie-ups: Planify facilitates networking &amp; helps you connect with veterans in the industry to seek guidance.</li></ul>In the world of startups, building the right network can take your business to the next level. Planify is one such platform, wherein, investors and entrepreneurs connect to establish meaningful connections with people across varied business interests.Planify is driven towards supporting the startup ecosystem, in terms of raising funds and brainstorming some great disruptive business ideas.Planify Traction<div class="se-component se-image-container __se__float-justify"><figure style="width:856px; height:auto;"><img alt="" data-align="justify" data-file-name="1pJr84M0OreBIAA_RajSCRKI0RzF0-PKaIqeNxDIewkBDQyW92JKJ_VmPvIaF2jModwd_g7MpGSB9LQcYiQtPbj3q6EkLUEGeTI7aH_I-Hake9jRc7zSCzQyDpZ2YbJCwwJbIeHEmt6IV_baFRnzvWE" data-file-size="0" data-origin="856px,1018px" data-proportion="true" data-size="856px,1018px" origin-size="1345,1599" src="https://lh3.googleusercontent.com/1pJr84M0OreBIAA_RajSCRKI0RzF0-PKaIqeNxDIewkBDQyW92JKJ_VmPvIaF2jModwd_g7MpGSB9LQcYiQtPbj3q6EkLUEGeTI7aH_I-Hake9jRc7zSCzQyDpZ2YbJCwwJbIeHEmt6IV_baFRnzvWE" style="width:856px; height:1018px;"></figure></div>&nbsp;Lets VentureLetsVenture, established in 2013 by Shanti Mohan and Sanjay Jha, is a fundraising platform that focuses on early and growth-stage startups. It serves as a transparent medium for both investors and startups seeking angel investors or seed investments. LetsVenture provides a platform where investors can discover promising startups and entrepreneurs can connect with potential investors to secure the necessary funding for their ventures. As claimed by LetsVenture, it helped more than 220 startups raise nearly Rs.600 crores in the last 6 years through its platform. AngelList IndiaAngelList India is a platform for angel investors in India that is used by accredited investors to invest in Indian startups. Investors can use this platform for investing in startups if they are looking for convenient tools and infrastructure required to help them make better investment decisions. To invest through AngelList India, one needs to qualify as an ‘Eligible Angel Investor’. AngelList India has set its criteria for individuals and companies to qualify as an ‘Eligible Angel Investor’. SeedfundSeedfund is indeed a reputable option for those seeking a seed funding platform. It has a track record of investing in numerous early-stage startups across various industry verticals such as e-commerce, technology, education, healthcare, and rural marketing. Seedfund's diverse investment portfolio demonstrates its willingness to support startups in a wide range of sectors, making it an attractive choice for entrepreneurs seeking seed funding.&nbsp;Angel Investment NetworkAngel Investment Network is an ideal medium. The Angel Investment Network serves as a convenient platform for startups to systematically raise funds by pitching their business ideas to a network of potential investors. This platform facilitates the connection between startups and investors, providing startups with the opportunity to secure capital for their ventures. By leveraging the network and resources of the Angel Investment Network, startups can enhance their fundraising efforts and increase their chances of successfully raising the necessary capital.ConclusionIn conclusion, the startup funding landscape has evolved into a vibrant and interconnected ecosystem, where founders can explore a multitude of funding sources and leverage technology to their advantage. The barriers to entry have lowered, and innovative ideas from around the world have an equal chance to secure the financial backing they need. However, success in this ecosystem requires entrepreneurs to be adaptable, strategic, and relentless in their pursuit of funding opportunities. The evolution of the startup ecosystem has opened doors, but it is up to the founders to seize the moment and shape their own destiny in the world of entrepreneurship.It's important for startups to research each platform and determine which one is best suited for their specific needs and goals. Additionally, startups should ensure that they have a solid business plan, a strong team in place, and a clear value proposition to effectively attract investors and secure funding.

In recent years, startups have been receiving increased attention across the world. The start-up ecosystem has evolved drastically over the past decade and opened great avenues not only for financial capital but shared access to start-up advisory services such as free co-working spaces, knowledge sharing, access to multiple technology platforms, access to various CXO’s etc.

Best Platforms to get Startup Funding in India

In what is being termed as the end of an era, Go Airlines, popularly known as Go First has applied for voluntary insolvency. The <a href="https://www.planify.in/research-report/go-first-go-air-limited/" target="_blank">unlisted share price of Go Airlines</a> is available on the Planify platform. Go Air has become the second airline to file for insolvency after another once highly popular airline Jet Airways filed for insolvency back in 2019. Many investors fear that the Civil Aviation industry might be heading the telecom way.<span style="font-size:12pt;font-family:Arial;color:#4472c4;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Defining voluntary insolvency:<ul style="margin-top:0;margin-bottom:0;padding-inline-start:48px;"><li aria-level="1" dir="ltr" style="list-style-type:disc;font-size:12pt;font-family:Arial;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;"><span style="font-size:12pt;font-family:Arial;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">In layman's terms, voluntary insolvency indicates that the corporation has admitted that it is insolvent, a firm that declares that it is unable to pay its debts and requires assistance from someone to resolve the situation.</li></ul> <ul style="margin-top:0;margin-bottom:0;padding-inline-start:48px;"><li aria-level="1" dir="ltr" style="list-style-type:disc;font-size:12pt;font-family:Arial;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;"><span style="font-size:12pt;font-family:Arial;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">If the company becomes insolvent, it can go into voluntary liquidation. This procedure refers to the dissolution of a firm with the approval of its shareholders and creditors. It is a time-bound process that must be completed within 270 days after the start of Voluntary Liquidation.</li></ul>

<span style="font-size:12pt;font-family:Arial;color:#4472c4;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">News Summary - Go First files for voluntary insolvency proceedings with NCLT:<ul style="margin-top:0;margin-bottom:0;padding-inline-start:48px;"><li aria-level="1" dir="ltr" style="list-style-type:disc;font-size:12pt;font-family:Arial;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;"><span style="font-size:12pt;font-family:Arial;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Cash-strapped carrier, Go First is the first Indian carrier to file for insolvency under the Insolvency and Bankruptcy Code (IBC) since Jet Airways. The company has filed a petition to NCLT (The National Company Law Tribunal) for voluntary insolvency.</li></ul> <ul style="margin-top:0;margin-bottom:0;padding-inline-start:48px;"><li aria-level="1" dir="ltr" style="list-style-type:disc;font-size:12pt;font-family:Arial;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;"><span style="font-size:12pt;font-family:Arial;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">IBC is a comprehensive piece of law adopted by the government in 2016 to deal with insolvency and bankruptcy processes in a timely and efficient manner.&nbsp;</li></ul><ul style="margin-top:0;margin-bottom:0;padding-inline-start:48px;"><li aria-level="1" dir="ltr" style="list-style-type:disc;font-size:12pt;font-family:Arial;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: 18pt;"><span style="font-size:12pt;font-family:Arial;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">The IBC establishes a number of significant institutions, including The Insolvency and Bankruptcy Board of India (IBBI), which regulates insolvency professionals and information utilities</li><li aria-level="1" dir="ltr" style="list-style-type:disc;font-size:12pt;font-family:Arial;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;margin-left: 18pt;"><span style="font-size:12pt;font-family:Arial;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">NCLT, which hears and decides corporate insolvency cases.</li></ul> <ul style="margin-top:0;margin-bottom:0;padding-inline-start:48px;"><li aria-level="1" dir="ltr" style="list-style-type:disc;font-size:12pt;font-family:Arial;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;"><span style="font-size:12pt;font-family:Arial;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">The IBC's principal goal is to encourage entrepreneurship and ease the settlement of distressed assets while balancing the interests of all stakeholders.</li></ul>

<span style="font-size:12pt;font-family:Arial;color:#4472c4;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Reason – For voluntary insolvency:<ul style="margin-top:0;margin-bottom:0;padding-inline-start:48px;"><li aria-level="1" dir="ltr" style="list-style-type:disc;font-size:12pt;font-family:Arial;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;"><span style="font-size:12pt;font-family:Arial;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Unavailability of Aircraft:<span style="font-size:12pt;font-family:Arial;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;"> For many quarters, the airline has faced headwinds due to aircraft availability. Pratt &amp; Whitney engines power all of its A320neo aircraft, and the engine manufacturer has experienced difficulty sourcing replacement engines. As a result, the airline was obliged to halt 25 planes. This represents over half of its Airbus A320neo aircraft fleet as of 1 May 2023.</li></ul> <ul style="margin-top:0;margin-bottom:0;padding-inline-start:48px;"><li aria-level="1" dir="ltr" style="list-style-type:disc;font-size:12pt;font-family:Arial;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;"><span style="font-size:12pt;font-family:Arial;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:underline;-webkit-text-decoration-skip:none;text-decoration-skip-ink:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Financial Performance:<span style="font-size:12pt;font-family:Arial;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;"> According to Go First, the grounding of nearly half of its A320neo fleet, cost the company a whopping $10,800 crore in income. The airline has also demanded 8,000 crores in compensation from the Singapore International Arbitration Centre (SIAC), a premier institution for the resolution of commercial disputes through arbitration. The Singapore Ministry of Law was formed in 1991 as an independent, non-profit organization. Its goal is to create an impartial and efficient platform for commercial dispute settlement. If the arbitration is successful, the corporation will be able to address the liabilities of both small and large creditors.<span style="font-size:12pt;font-family:Arial;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;"> </li></ul>

<span style="font-size:12pt;font-family:Arial;color:#4472c4;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Now what next:<ul style="margin-top:0;margin-bottom:0;padding-inline-start:48px;"><li aria-level="1" dir="ltr" style="list-style-type:disc;font-size:12pt;font-family:Arial;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;"><span style="font-size:12pt;font-family:Arial;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Because of ongoing problems with Pratt and Whitney engines, Go First has applied to the NCLT. According to the airline, the engine supplier failed to fix those engines and/or deliver enough spare leased engines.</li></ul> <ul style="margin-top:0;margin-bottom:0;padding-inline-start:48px;"><li aria-level="1" dir="ltr" style="list-style-type:disc;font-size:12pt;font-family:Arial;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;"><span style="font-size:12pt;font-family:Arial;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;">Once the application has been accepted under NCLT, an interim resolution specialist will take over and run Go First.</li></ul>

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In layman's terms, voluntary insolvency indicates that the corporation has admitted that it is insolvent, a firm that declares that it is unable to pay its debts and requires assistance from someone to resolve the situation.

End of an Era- Go First (Go Airlines) goes through Voluntary Insolvency

Go-First (Go Air) to go through Voluntary Insolvency Process

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