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Tag: Sanjay Goyal

  • PowerMax expands to Qatar, Saudi Arabia, Dubai & UK

    PowerMax expands to Qatar, Saudi Arabia, Dubai & UK

    Mumbai: PowerMax, an Indian fitness equipment brand, has expanded globally to countries like Qatar, Saudi Arabia, the UK, and Dubai. PowerMax, known for its innovative fitness solutions, has built a reputation for quality, performance, and customer satisfaction, transforming homes and gyms.

    Having established a strong foundation in India, PowerMax has consistently provided top-quality fitness equipment to millions of gym enthusiasts. Building on this success, the brand is now prepared to enter global markets, focusing on key areas such as Germany, Canada, the US, and Mexico — regions with significant growth in the fitness industry. PowerMax plans to expand its presence through physical stores and by partnering with Amazon, Noon, and Carrefouruae to strengthen its online reach.

    This expansion marks a significant milestone for PowerMax, enabling fitness enthusiasts worldwide to easily purchase its products from home. By extending its excellence in fitness globally, the brand aims to empower people to transform their bodies with its exceptional exercise equipment

    “We are beyond thrilled for this new chapter that PowerMax is writing,” said PowerMax managing director Sanjay Goyal. “Entering global markets for us demonstrates not only the strength of our brand but, more importantly, our commitment to world-class fitness solutions. We have no doubt that our products will speak to fitness enthusiasts from around the world and that we shall continue to empower people in attaining their fitness goals.”

    PowerMax is committed to providing a top-notch customer experience and building lasting relationships with fitness enthusiasts. Through its high-quality equipment and comprehensive customer support, PowerMax enables people worldwide to engage in physical fitness to achieve a healthier lifestyle.

  • PowerMax & aastey partner for #BringComfortHome campaign

    PowerMax & aastey partner for #BringComfortHome campaign

    Mumbai: This Mother’s Day, the country’s premium fitness equipment Brand, PowerMax, and India’s first sustainable Athleisure brand for all body types, aastey, are joining hands to launch the #BringComfortHome campaign. This initiative aims to empower mothers by highlighting the importance of self-care and creating a haven for well-being within their own homes.

    The campaign emphasises how prioritizing self-care allows mothers to better care for themselves and their loved ones. Through eye-catching promotional materials, the campaign showcases the perfect combination of PowerMax’s top-tier fitness equipment and aastey’s comfortable and inclusive activewear. The campaign encourages mothers to: Carve out “me-time”, invest in their well-being with the help of Powermax, and Embrace comfortable, flattering activewear with aastey.

    “Mothers are the foundation of our families,” said PowerMax MD Sanjay Goyal. “They constantly put the needs of others before their own. This Mother’s Day, we want to celebrate them by encouraging them to prioritize their physical and mental health. The #BringHomeComfort campaign inspires them to embrace an active lifestyle and create a space for self-care at home.”

    aastey co-founder and CEO Jeevika Tyagi emphasized, “We’re thrilled to partner with PowerMax. Together, we can empower mothers to embrace an active lifestyle that prioritizes their well-being and ignites their inner strength.”

  • PowerMax fitness equipment brand unveils Mega Fitmas Sale ‘23 this holiday season

    PowerMax fitness equipment brand unveils Mega Fitmas Sale ‘23 this holiday season

    Mumbai: PowerMax, the country’s premium fitness equipment brand, is excited to announce its highly anticipated Mega Fitmas Sale, scheduled from 4 to 26 December 2023. This festive season, PowerMax aims to spread the joy of fitness by offering incredible deals on a wide range of equipment, making it the perfect opportunity for individuals to prioritize their health and fitness.

    As part of this exciting sale, PowerMax is presenting a special offer for fitness enthusiasts: customers purchasing selected models of treadmills will receive a complimentary exercise bike. This dynamic combination promises to revolutionize home workouts, providing versatility and motivation for a holistic fitness experience.

    The Mega Fitmas Sale isn’t limited to treadmills and exercise bikes; customers can revel in substantial discounts across various categories, including ellipticals, home gyms, and more on the website. Additionally, With discounts of up to 65 per cent on all products, the Andheri PowerMax store is set to become a fitness haven during this sale.

    “We are delighted to present the Mega Fitmas Sale, an opportunity for our customers to enhance their fitness journey while enjoying remarkable savings,” said PowerMax MD Sanjay Goyal. “We aim to inspire and empower individuals to embrace a healthier lifestyle, and this sale is a celebration of health, wellness, and the joy of staying active.”

    For fitness enthusiasts in the Andheri (w) area, the PowerMax store will be a prime destination

  • Majority of hiring in Covid2019 period for niche roles with stringent processes

    Majority of hiring in Covid2019 period for niche roles with stringent processes

    NEW DELHI: Majority of the organisations which are continuing hiring during the Covid2019 period are hiring for niche roles only, reveals ‘Indian workplaces response to COVID-19’ survey by Times Jobs. The survey highlights that 63 per cent of HR managers are still hiring amidst the pandemic and 65 per cent of them are hiring for only niche roles. The survey was taken by 1145 HR managers from a variety of different sectors.

    Twenty per cent of the respondents remarked that they have suspended hiring activities for this year and 15 per cent shared that their companies are hiring employees only on a contractual basis. 

    Another interesting point highlighted by the survey is that 34 per cent of respondents are aggressively working to fix problems within the business and find new solutions and ensure future business survival. 

    However, the purpose for recruitment might have become more stringent during the pandemic period as 42 per cent of HR managers said their company has been using skills assessment tests for these niche roles. 

    Sixty one per cent of HR managers proclaimed that hiring a diverse team was their top priority, even more so than factors such as learning and development and almost a quarter said they’d posted neutral job description to encourage a more diverse array of workers to apply during the crisis. 

    TimesJobs business head Sanjay Goyal said the fact companies were mainly hiring for niche jobs points to these organisations being “virtual-ready,” the ones who have “restructured/are restructuring their products and processes for customers and employees via technology.” In this vein, 49 per cent of respondents said that their companies were investing in virtual work-ready modules as well as upskilling programs, reported People Matters. 

  • Zee Group promotes Anil Jain as Siti Cable CFO

    Zee Group promotes Anil Jain as Siti Cable CFO

    MUMBAI: Even as Siti Cable CFO Sanjay Goyal put in his papers at the company, Zee Group has promoted Taj Television senior vice president finance Anil Jain to step into his shoes as CFO.

    As was reported earlier today by Indiantelevision.com, Zee Group was looking to internally promote one of its executives from its group companies to fill in the position left vacant at Siti Cable. 

    Jain started his new role from today (9 June, 2015) and will be reporting to Siti Cable CEO VD Wadhwa. 

    Confirming the development to Indaintelevision.com, jain says, “In the past with media pro, I was taking care of the distribution aspect and now I will endeavor more in the fianance part.”

    He further adds, “I am very excited to join Siti Cable as CFO and looking forward to working closely with the senior management and serve the company with my finance expertise.”

    Prior to the new role as CFO, Jain was with Media Pro Enterprise India Private Limited for four years (now Taj Television). Before that he headed the finance and accounts at Zee Turner Limited for more than three years. He also served one year stint with Neo Sports as GM – affiliate accounts. He started his career with Zee Telefilms as an internal auditor for two years.

  • Siti Cable CFO Sanjay Goyal resigns

    Siti Cable CFO Sanjay Goyal resigns

    MUMBAI: Siti Cable Network chief financial officer (CFO), Sanjay Goyal has called it a day at the company. Goyal resigned with effect from 8 June, 2015.

     

    An B.SC.ICAI,ICSI,ICWAI an LLB, he joined Siti Cable as VP – finance and accounts in 2009 and later got promoted as CFO in 2012.  

     

    When contacted by Indiantelevision.com, a senior official from Siti Cable informed, “It was a mutually decided procedure between Goyal and the company and there were no unusual circumstances that forced the resignation. Goyal probably took the decision to explore something new which the company is not aware of yet. The CFO’s position will be taken care of by someone from the group itself. However, for the time being someone from the group will take care of the position.”

     

    With over 17 years experience including entrepreneurship, Goyal served as VP – F&A/CFO at Vishal Retail Limited prior to joining Siti Cable. He started his career with Dharampal Satyapal Limited where he was the head F&A for more than nine years.

  • Siti Cable promoters pump in Rs 102.75 crore

    Siti Cable promoters pump in Rs 102.75 crore

    MUMBAI: India’s leading multi system operator (MSO) Siti Cable today announced to the Bombay Stock Exchange (BSE) that it had received an injection of Rs 102.75 crore from its promoters. This is the second tranche after the Rs 81 crore its promoters had pumped in March 2013.

     

    The announcement to the BSE states that “as per the terms of the 16.2 crore warrants issued on 19 March 2013 on preferential basis the allotment committee of the board of directors has upon receipt of the balance of 75 per cent consideration aggregating to Rs 102.75 crore approved allotment of 6.85 crore equity shares upon conversion of equal number of warrants at an issue price of Rs 20 per share to the allottees – Essel Media Ventures and Essel International.”

     

    Sources within Siti Cable point out that the promoters led by Zee and Essel group chairman Subhash Chandra is extremely bullish on the MSO’s prospects post completion of cable TV digitisation  nationally.

     

    The company’s CFO Sanjay Goyal confirms to indiantelevision.com that “the company had received clearances in March 2013 to bring in Rs 324 crore from the promoters in four tranches. As part of that Rs 81 crore flowed in that month itself. Though the promoter group had until September 2014 to bring in the rest, they plan on infusing the remainder of the money before 31 March 2014 to speed up the digitisation push.”

     

    The company’s CEO VD Wadhwa had in an interview to indiantelevision.com in January 2014 said that “Phases III and IV of digitisation has a total universe of about 90 million. Of these, we are targeting 6 to 7 million homes. At a gross level, we will require an investment of Rs 1200 crore. On a net basis, we are expecting an investment to the tune of Rs 600 crore. The funding of Phase III will be largely done through warrants’ funding of Rs 243 crore, which is likely to be invested by promoters before March 2014. Balance funding requirement will be met through internal accruals and raising of further equity, as may be required.”

     

    In September 2012, when the company had announced that it was raising Rs 324 crore via warrants to promoter firms, it was reported that after completion of the entire exercise, he total promoter shareholding will rise to 73.08 per cent from 63.43 per cent and that of the public will drop to 26.92 per cent from 36.57 per cent.

     

    Also read:

    Siti Cable gets Rs 810 mn first tranche from promoters

    WWIL to raise Rs 3.24 bn via warrants to promoter firms

  • Four national MSOs file writ petition against Ent Tax

    Four national MSOs file writ petition against Ent Tax

    MUMBAI: Entertainment tax has become a bothersome issue for both MSOs and LCOs. Right from the amount of tax levied to ownership of collection, state government mandates have got the two cable TV factions locking horns. While government regulations mandate MSOs to collect tax from the LCOs and submit it, the LCOs would rather take the onus on themselves.

     

    Four Indian national MSOs – Den, Hathway, Siticable and InCable have filed separate writ petitions in the Delhi HC to challenge several aspects of the entertainment tax being imposed as well as the tax collecting authority’s stance towards the MSOs in the state of Delhi.  The cases are all set to be heard today in a joint hearing.

     

    While Hathway Cable & Datacom was put through an enquiry on its own premises, others have decided to legally protect themselves before something similar happens to them. Siticable claims that it has been fulfilling all duties effectively. An ex parte order was taken out against it for non compliance in April and May 2013 which Siticable had appealed against. When that didn’t go very far, it decided to lodge its writ petition seeking redressal and  justice.

     

    Siticable’s first hearing was yesterday when the lawyer on behalf of the tax authority asked for a day’s time to come up with its side of the case. “We had deposited the tax and had also filled the form 10 as per requirements. Yet the authorities were after us. So we went to court to request that no coercive action be taken by them ,” says Siticable CFO Sanjay Goyal.

     

    Hathway is of the opinion that entertainment tax collection is a duty that has been undertaken by the LCOs for several years now and that is how it should be. Its writ petition states that the order passed against it was unreasonable.

     

    MSOs say that they are alright with collecting the tax and passing it on to the department but traditionally it had been the job of the LCO to do that. However, in case of  a lapse of payment by the LCO, the MSO should not be asked to cough up the remaining money is what they say.

     

    The case will come up for hearing today. Who knows whether the Delhi High Court will give a stay order or decide on its fate tomorrow itself.