Visaka Ind forays into new biz

Hyderabad VISAKA Industries Limited at their Annual General Meeting on Tuesday announced their entry into multiple new business segments, which complement their existing businesses. These new segments will support their existing businesses by extending customer touchpoints and help in offering a holistic value proposition. Visaka Industries Limited has plans to open 10 ATUMLife stores in major metros across India. Atum Life will store, sell and promote all products sustainable, making sustainable living accessible for everyone. A one-stop-shop for sustainable products, ATUMLife will use Vnext sustainable building material, ATUM solar roof, eco-friendly apparel made with sustainable yarn, organic detergents, sustainable consumables, electric vehicles and reusable kitchenware and cutlery. ATUMCharge is a self-sustaining solar powered Electric Vehicle charging station which will be set up across India, and elsewhere in the world, to support the movement to promote the use of electric vehicles. Currently, most EV charging stations use electricity produced by thermal power generation completely defeating the purpose of moving to environment-friendly power. ATUMCharge is also looking at partnering with other electric charging station providers who are either in the market or are expected to come in the near future.

In the first phase, the company plans to set up 10 ATUMCharge EV Charging stations across major metros. These charging stations are designed to be suitable for all EVs including electric cars, electric bikes and electric scooters.

Speaking at the launch of ATUMLife, ATUMCharge and Vnext Solutions, Vamsi Gaddam, Joint Managing Director, Visaka Industries Limited said, "The new business areas – ATUMLife, ATUMCharge and Vnext Solutions – augment our existing businesses, but more importantly they define a viable roadmap for our future.