Latest news with #Shrivastava
Time of India
5 days ago
- Business
- Time of India
Progcap aims Rs 3,000 crore AUM, loan sanction of Rs 5,200 crore by fiscal-end
MSME fintech Progcap looks to cross assets under management (AUM) of Rs 3,000 crore by the end of the current financial year, driven by huge demand for formal credit from the Micro, Small and Medium Enterprises sector, according to a top company official. The fintech firm, which obtained an NBFC licence in 2022, has been witnessing very high growth, and this year too it is eyeing for 40-50 per cent rise in business. "We closed at the AUM level of Rs 2,000 crore at the end of March 2025, and we are expecting AUM to rise by 50 per cent to around Rs 3,000 crore by the end of the current financial year," Progcap co-founder Pallavi Shrivastava told PTI. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Container Houses Indonesia (Prices May Surprise You) Container House | Search ads Search Now Undo As far as loans sanctioned are concerned, she said, it should increase to Rs 5,200 crore by the end of FY26 as against Rs 3,600 crore at the end of last financial year. Asked about a capital raising plan to fund growth, Shrivastava said, "We are looking at one more round of funding later this year. The process is on, but we have not decided on quantum." Live Events The firm has raised USD 110 million through four rounds, including Tiger Global and Google, she said. With regard to asset quality, she said, the gross non-performing assets improved to 1.1 per cent at the end of FY25 from 1.5 per cent at the end of the previous financial year, supported by live monitoring, strong partner oversight, and transaction-led underwriting. The fintech is currently present in 500 cities Tier II, III and IV cities with over 30,000 borrowers with average ticket size of loan of Rs 10 lakh, she said, adding, the lending firm focuses on loans to retailers and wholesalers across 10 industries like Consumer Durables, 2 Wheelers, FMCG, Agri etc and have 128 anchor brand partnerships. Explaining the uniqueness of the firm, she said, "unlike traditional fintechs that serve salaried, urban consumers, Progcap designs inclusive financial solutions for India's 60 million retail backbone, basically MSMEs in Tier II to Tier IV towns." The NBFC operates a proprietary, tech-led co-lending platform, designed to deliver capital and credit intelligence across India's most complex and distributed MSME supply chains, she said. Pointing out that India's MSMEs face a USD 100 billion credit gap , she said these businesses don't just need capital, they need capital that understands their informality, seasonality and cash flow rhythm.
Time of India
6 days ago
- Business
- Time of India
Akshat Shrivastava solves your daily spend-vs-save dilemma in just one simple sentence
The One Sentence That Unlocked It All MORE STORIES FOR YOU ✕ « Back to recommendation stories I don't want to see these stories because They are not relevant to me They disrupt the reading flow Others SUBMIT Financial coach and Wisdom Hatch founder Akshat Shrivastava recently offered a masterclass in one tweet that cut right to the heart of modern money woes. Writing on X (formerly Twitter), he reflected on how upbringing shapes our habits. 'My parents came from humble backgrounds. Seeing them save money constantly rubbed off on us,' he confessed, noting how his childhood savings mindset later led him to debate even a ₹250 Greek yogurt Shrivastava turned to the other side of the ledger. He called out another breed of people—'spenders'—those swept up by flashy lifestyles, fast cars, and Instagram influence. 'There is no right answer to 'how much should you spend,'' he wrote, spotlighting that what we really decide is how much stress we're willing to live a moment of signature clarity, Shrivastava distilled decades of money advice into a single line: 'The cost of spending is the loss of freedom.' It was poetic—and immediate. His tweet resonated deeply, turning abstract financial wisdom into a visceral reactions poured in, echoing his insight. One user wrote, 'Your point about stress vs freedom is gold … spending isn't about the money, it's about the peace you keep.' Another opined, 'Wealth is freedom, not just a number.' Readers praised his framing of spending as not a financial act, but a deeply personal decisionIn an era of endless products, get-rich-quick schemes, and influencer-fueled spending sprees, Shrivastava's simple statement refocuses us on what really matters: the emotional cost of living beyond our means. It's not just about avoiding debt—it's about preserving freedom, calm, and control. As he wisely attested, the ultimate question isn't how much you spend, but how much stress you're willing to live with. And that's a lesson we could all take to heart.
India Gazette
7 days ago
- Health
- India Gazette
NGT observes International Yoga Day 2025 with Unity and Purpose
New Delhi [India], June 21(ANI): The National Green Tribunal (NGT) observed the International Day of Yoga 2025 with a vibrant and purposeful yoga session at its Principal Bench in New Delhi. The event was graced by the presence of Justice Prakash Shrivastava, Chairperson of the NGT, alongside other distinguished Members of the Tribunal. Celebrating this year's global theme, 'Yoga for One Earth, One Health', the gathering highlighted yoga's enduring relevance in nurturing both personal wellness and environmental mindfulness. In his address, Justice Shrivastava emphasised yoga's transformative power, describing it as 'a way of life that instills discipline, harmony, and mindfulness -- values essential for both individual well-being and environmental consciousness.' The session commenced with a guided practice led by certified instructors, who introduced participants to a balanced routine of asanas (postures), pranayama (breathing techniques), and dhyana (meditation). The atmosphere was marked by serenity, focus, and a shared commitment to holistic welcomed the initiative as a timely reminder of the importance of grounding oneself through wellness practices amid the demands of contemporary life. The International Day of Yoga, celebrated globally each year on 21 June, was established by the United Nations in 2014 to honour and promote the practice of yoga. Recognising its profound impact on both physical and mental health, the UN sought to encourage the widespread adoption of this ancient Indian discipline as a means of fostering holistic well-being worldwide. Earlier in Visakhapatnam, Prime Minister Narendra Modi urged the international community to embrace 'inner peace' as a 'global policy' and make yoga a collective global responsibility. Speaking at the 11th International Day of Yoga celebrations, the Prime Minister called upon countries to adopt yoga not just as a personal or cultural practice, but as a unifying force for humanity. 'I would like to take this opportunity to urge the global community on this important occasion to let this International Yoga Day mark the beginning of Yoga for Humanity. Let this be the day when inner peace becomes a global policy, where yoga is embraced not just as a personal practice, but as a powerful tool for global partnership and unity. Let every country and every society make yoga a shared responsibility, a common contribution toward collective well-being,' the Prime Minister said. (ANI)
Mint
21-06-2025
- Business
- Mint
Financial advisor shares mantra to save 95% income: '…Never let my lifestyle'
In an era marked by aspirational spending and social media-driven consumerism, financial educator and investor Akshat Shrivastava has drawn attention online for his disciplined and pragmatic approach to money management. In a detailed post on X, Shrivastava revealed how a single core philosophy helped him save up to 95 per cent of his income—despite significant jumps in earnings over the years. Shrivastava began his professional journey on a modest monthly salary of ₹ 10,000. Residing with his parents, using a second-hand mobile phone, and sticking to home-cooked meals, he still managed to set aside ₹ 1,000– ₹ 2,000 every month. With no debt and a simple lifestyle, he built strong saving habits early on. His financial trajectory changed significantly when he landed a corporate role offering an annual package of ₹ 50 lakh. However, rather than increasing his spending in line with his income, Shrivastava maintained his frugal lifestyle. He continued to live debt-free and reportedly saved ₹ 20 lakh annually, directing most of it into high-growth investments. As those investments began yielding passive income, his journey toward financial independence accelerated. Now a family man based in a high-cost city and travelling internationally, Shrivastava claims he still manages to save 95 per cent of his income. He attributes this to one steadfast principle: 'Don't buy something once unless you can afford to buy it twice.' 'This mindset is non-negotiable unless it is an investment in upskilling,' he wrote in his now-viral post. Shrivastava clarified that his approach to personal finance was not about austerity, but about conscious, values-based decisions. 'Most people give in to lifestyle inflation when their income goes up. But I never let my lifestyle inflate faster than my income,' he added. His post resonated widely, with many praising his financial discipline and long-term thinking. However, others pointed out that such a high savings rate might be unrealistic for many Indians facing stagnant wages and the rising cost of living. Still, the overarching message struck a chord. Many users shared their own experiences with impulse purchases and debt traps, highlighting the importance of financial literacy and restraint from an early age. Shrivastava concluded his post with a clear message: build wealth not by chasing trends but through steady, mindful financial habits. 'Save, invest, and live below your means—even when you start making more. That's how you win long-term,' he wrote.
News18
20-06-2025
- General
- News18
Are Indians The Most Overworked People On Earth? Netizens Debate Over Viral Post Claim
Last Updated: His observation, made in response to a conversation about reservation and employment, has sparked wide-ranging responses online A viral post on social media platform X has reignited discussions around work culture, education pressure, and social mobility in India. The comment, made by user named, Akshat Shrivastava, claimed that 'Indians are the most overworked people on earth. Not by choice. But, by system." His observation, made in response to a conversation about reservation and employment, has sparked wide-ranging responses online — from agreement to criticism, and everything in between. In a detailed post, Shrivastava outlined why he believes this pattern of overwork is deeply embedded in Indian society. He wrote: 'Kids studying for IITs would easily study 10-12 hours/day. This ability to 'slog" continues at work. This habit to 'slog" continues in adult life… While their European colleagues would have 'down time", Indians would sacrifice their sleep, family and health, to serve their company." Shrivastava pointed to the pressures young Indians face early in life, stating that the drive to overwork often stems from a lack of options and economic security. 'What's the root cause of all this? Well, it comes down to building survival instincts from a young age. Many hardworking kids have no choice but to slog. Build merit–> build a better life. That's their only option to a better life." His post was a reply to another user, Ravi, who had commented on the reservation system, stating that general category students do not lose seats to reserved category applicants, but to other general category candidates. Shrivastava's response quickly went viral, sparking a flurry of reactions. Some users supported his perspective, agreeing that Indian society encourages relentless effort from a young age. 'Indians don't hustle out of ambition. They hustle because the system taught them there's no safety net, only grind or fall," a comment read. 'Glorifying 'slogging' as the only path feels like accepting a broken system. Isn't the real tragedy that survival depends on such extremes?," another user responded. Others, however, pushed back against the idea that overwork should be normalised. 'Hard work is not a problem. Mindset is. Indians need to know: hard work isn't always the key to success — leverage is." 'Indians are often trapped in a cycle of relentless hard work, chasing middle-class stability without questioning the true return on investment for their efforts. The grind for IIT or NIT can open doors, but why does the pressure to top the class start so early, robbing teens of their youth?," another added. One user sharply criticised Shrivastava for lacking social insight, despite his strong grasp of financial matters: 'I've never seen someone so brilliantly astute when it comes to financial literacy and that part of the horizon and then be a completely oblivious illiterate when it comes to social aspects. just fascinating that someone can be this knowledgeable and this ignorant at the same time."
