Wealth Growth Path

 Ice Make Refrigeration Ltd. (NSE: ICEMAKE), a leading Indian manufacturer of refrigeration equipment, held its 15th Annual General Meeting (AGM) on September 28, 2024. The AGM emphasized Ice Make’s ambitious growth plans, backed by strong financial performance and strategic expansion efforts.  Chairman and Managing Director, Mr. Chandrakant Patel, laid out the company's vision for future growth, focusing on innovation, geographical expansion, and sustainability. Mr. Patel highlighted several strategic initiatives that will fuel the company’s expansion, including exploring technology partnerships in the commercial freezer segment and expanding its geographical reach in northern India. These efforts aim to improve market penetration, reduce logistics costs, and tap into the growing demand for energy-efficient refrigeration solutions.  The company’s current order book stands at ₹138 crore, positioning it for continued growth in FY2025, with a projected annual growth rate of...

  The Indian Pollution Control Association (IPCA) and Kia India in collaboration with city partner Social Lab Environmental Solutions Private Limited, hosted a dynamic panel discussion on "Effective Plastic Waste Collection & Recycling" at the Acres Club in Chembur, Mumbai. Attended by a robust audience of over 250, the mega awareness event featured esteemed panelists and stakeholders, including Mr. Vishwas Mote (Assistant Commissioner, M-West Ward, MCGM), Ms. Jyoti Mhapsekar (Founder and President, Stree Mukti Sanghatana), Mr. Shashikant Joshi (Deputy General Manager – EPR, Dalmia Polypro Industries Private Limited), Ms. Aarti Nijapkar (Kumkum Society President & TV Anchor), and Mr. Sajal Jaiswal (Deputy Manager – Sustainability & CSR, Kia India). Mr. Ashish Jain, Founder & Director of IPCA, who moderated the panel discussion, emphasized IPCA's pivotal role in environmental stewardship, highlighting their two-decade journey of sustainable change. The eve...

Ice Make Refrigeration Limited (NSE: ICEMAKE), a pioneering leader in innovative cooling solutions and a distinguished manufacturer of over 50 refrigeration equipment in India, has reported an impressive 27.07% increase in its H1FY24 consolidated net profit, reaching Rs 9.81 crore, compared to Rs 7.72 crore in the second half of the previous fiscal year. The H1FY24 consolidated revenue experienced stable growth, rose by 18.23% to Rs 156.33 crore from Rs 132.22 crore in the corresponding H1 of the last fiscal year. Operating profits significantly improved, owing to effective cost control and an enhanced product mix. During H1FY24, the company recorded an EBITDA of Rs 16.05 crore, representing a strong increase of 24.51%. EBITDA margins for H1FY24 stood at a healthy growth rate of 10.27%. The quarterly consolidated revenue for Q2FY24 rose by 14.42% to Rs 77.02 crore, while net profit experienced a slight dip of 3.45% to Rs 4.47 crore. The Q2FY24 EBITDA improved by 2.34% to Rs 7.71 ...

  In a meaningful stride towards fostering an all-encompassing environment, Transworld Group, a leading player in the realm of Global Shipping & Logistics Solutions, recently orchestrated a significant employee engagement session in collaboration with the Aarju Foundation, focusing on the transgender community. Commencing with a sensitization session that heightened understanding and empathy, the engagement unfolded with heartening interactions among community members. Deliberations ranged from addressing challenges and sharing birthday aspirations to engaging in spirited indoor games. “We at Transworld Group believe that it is human beings who matter – not their external characteristics or gender or personal beliefs.   Our working atmosphere is reflective of a bias-free, inclusive environment that we build internally within our teams. Our community welfare projects are inspired by our ‘Higher Purpose’ of ‘Delivering Prosperity to Humanity’ and led entirely by our volunt...

  Introducing VRight Path, an ancient Indian knowledge platform that harnesses the power of sacred scriptures to provide clarity and actionable guidance, enabling individuals to bridge their Karma Gaps. Rooted in the profound wisdom of ancient India, VRight Path serves as a transformative pathway for individuals seeking alignment in their personal, professional, social, and spiritual spheres. "What may seem like challenges in our lives are often reflections of past karmas. VRight Path aims to illuminate these paths of growth and transformation, guiding individuals towards a more purposeful and balanced existence." - stated Aryan Prem Rana, Founder of VRight Path What is VRight Path? VRight Path is a unique platform that draws from the rich tapestry of ancient Indian wisdom to offer solutions for modern challenges. By understanding and addressing the karma gaps from past lives, individuals can find renewed purpose, fulfillment, and harmony in their journey of life. How Does VR...

Ice Make Refrigeration Limited (NSE: ICEMAKE), a renowned leader in innovative cooling solutions and a prominent manufacturer of more than 50 refrigeration equipment in India, is pleased to announce its robust financial results for the first quarter of FY 2024, ending on June 30, 2023.   In a strong display of growth for the Q1FY24, the Company posted a substantial 73.02% increase in consolidated net profit, reaching Rs 5.36 crore, compared to Rs 3.9 crore in the first quarter of the previous fiscal year.   The consolidated revenue witnessed a growth of 22.20% , soaring to Rs 79.31 crore from Rs 64.90 crore in the corresponding quarter of the last fiscal year.   Operating profits improved significantly as a result of cost control, better product mix and softening input prices. During the quarter the company recorded an EBITDA of Rs 8.34 crore up by 55.59% .   EBITDA margins also improved significantly to 10.52% in Q1FY24 as against 8.26% in the corresponding period...

  Royaloak Furniture, the leading furniture brand of India strengthens its presence in Maharashtra with the launch of its new store in Amravati.  The store was inaugurated amidst a huge fanfare today in the presence of Mr. Shiv Thakare, sensational TV personality, Vijai Subramaniam, Chairman, Royaloak Furniture, Mathan Subramaniam- Managing Director, Kiran Chhabria- Franchise Head, Parag Gautam - State Head- West, Mukesh Ahuja- Landlord&ManojBhuva – Cluster Manager West. Spanning over 15,000 square feet, the store offers an extensive collection of furniture for living rooms, bedrooms, dining rooms, and much more. The residents of Amravati now can expect to find a wide range of stylish and functional items, including sofas, beds, dining tables, chairs, recliners, mattresses, interior decors and a comprehensive range of office and outdoor furniture right in their neighborhood. This store marks a total of 7 stores in the western region for the brand. The store is expected t...