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Rajnish Wellness to set up healthcare focused wellness centres at 270 stations over Eastern Railway on license basis for 5 years
Mumbai (Maharashtra) [India], February 18: : Rajnish Wellness Ltd – a leading brand manufacturing and selling various ayurvedic medicinal products for personal sexual wellness has emerged as a winner for the prestigious tender from the Eastern Railway. Company will be setting up healthcare focused multi-utility store (Wellness Centre) at 270 stations over Easter Railway on […]
Mumbai (Maharashtra) [India], February 18: : Rajnish Wellness Ltd – a leading brand manufacturing and selling various ayurvedic medicinal products for personal sexual wellness has emerged as a winner for the prestigious tender from the Eastern Railway. Company will be setting up healthcare focused multi-utility store (Wellness Centre) at 270 stations over Easter Railway on license basis for a period of 5 years. Railway authorities have accepted the company’s tender document for a period of 5 years from the date of commencement of contract. Company will pay 1st annual license fee at Rs. 3.25 crore with escalation of license fee.
Company received official letter from Eastern Railway dated 16 February 2023 along with approval and has requested to submit ‘Letter of Acceptance’ in support of the acceptance of offer within a period of 15 days. Company is requested to pay 50% of quarterly license fee of 1st quarter along with security deposit within 15 days. The details of license fee and security deposit to be deposited are as below.
| Item | Amount | Instrument | In favour of |
| License fee | Rs. 40,62,500/- | Demand Draft | FA & CAO, Eastern Railway, Kolkata |
| Security Deposit | Rs. 35,86,600/- | Demand Draft or Term Deposit or Bank Guarantee |
Sharing more details, Mr. Rajnishkumar Surendraprasad Singh, Promoter and Managing Director, Rajnish Wellness Ltd, said, “We are very pleased to win this prestigious tender from Eastern Railways and will look to leverage the partnership over the next 5 years. Company has taken important strategic initiatives in the recent past with a focus to expand product line, adding more channel partners etc. Our long-term focus continues to be investing in growth through new product launch, expanding retail footprints. We are hopeful that after the proposed expansion, we will be able to execute our growth strategy in a manner that creates exponential value for all stakeholders while consistently delivering quality products.”
