Launch of "Mumbai City Jobs"- A Job Portal App and Website.
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Rajnish Retail Ltd (formerly Sheetal Diamonds Ltd) has officially launched 'Mumbai City Jobs', a new job portal app currently available on Android (Play Store), with an iOS app and dedicated website planned soon. The platform will connect job seekers and employers in real-time, covering sectors like retail, logistics, IT, finance, sales, and administration, with a focus on metro and tier-2 cities. The company describes this as a diversification move beyond its traditional retail business into the digital and technology segment, aiming to compete with established portals like Naukri.com and Work India. No financial details, revenue projections, or investment figures have been disclosed in the announcement.
This is a strategic diversification into a highly competitive online recruitment market, but with no revenue guidance, investment figures, or scale details provided, near-term impact on the stock is likely limited. Shareholders should watch for follow-up disclosures on user traction, monetization model, and capital deployment for this new venture.