Backed by 100% export growth and strong order book Ice Make Refrigeration Limited (Ice Make), leading supplier of innovative cooling solutions and manufacturer of refrigeration equipments , has posted total revenue of Rs. 57.55 Cr for H1FY20, which stood marginally up as compared to Rs 57.46 Cr recorded in the corresponding period of H1FY19. However, inspite of improved order book, on account of higher employee expenses towards new skilled manpower and top management recruitments its standalone and consolidated net profit for this period stood lower at Rs 0. 95. Cr and Rs 0.61 Cr respectively compared to Rs 2.63 Cr posted in H1FY19. During the period company’s EBIDTA margin stood at 5.8 % as compared to 9% for H1 FY20. Company’s Chairman and Managing Director Mr Chandrakant Patel, said, “ Despite challenging business environment ICE Make was able maintain growth in revenue. Moreover, we are more confident at this juncture on the back of our investments in building robust

Tasty Dairy Specialities Ltd, one of the leading producers of dairy and milk products on Thursday reported 20% jump in its net profit at INR Rs 3.54 Cr for the first half of fiscal year 2020. Despite challenging environment, the company’s total revenue increased from Rs 173.78 Crore to Rs 199.24 Crores, registering a growth of 14.59%. D uring the period in H1FY20 Company’s EBIDTA margin stood at 3.95% while EPS stood at Rs. 1.73 per share . Company’s Chairman and Whole Time Director Atul Mehra,   said, “We have posted a decent financial performance driven by spurt in demand in fast growing value added segments, strategic changes in our product mix and new customer acquisitions. Having over two and half decades of expertise and experience, we are able to maintain a healthy growth because of our constant efforts to de-risk the business. Dairy business is largely insulated from the weakness in the economic environment as consumers are unlikely to reduce consumption of milk

Saraswat Bank has become the first bank in the Co-operative sector to launch an account opening app, Saraswat Bank 100+ . This Smart Savings Account App with user-friendly interface instantly opens an account in just a few minutes and users have the added advantage to choose their account number. It is a multilingual (English/Hindi/Marathi) mobile app which provides a simple, seamless, paperless and secure way for the applicant to open a Savings Account. Saraswat Bank 100+ application allows the opening of a new Savings Account through Aadhaar OTP authentication. The account would be opened based on applicant’s name, address, gender and Date of Birth registered with UIDAI. Only userswho wish to opt-in for DBT (Direct Benefit Transfer) in this account can open the account through this service. Final KYC formalities can be completed by the user by either visiting selected branch or an official can visit the user’s residence and complete the procedure through Tab banking fac

Unveils plans to enter into fast growing segments as part of future growth strategy Ice Make Refrigeration Limited (Ice Make), leading supplier of innovative cooling solutions and manufacturer of refrigeration equipments, unveiled its plans to enter into new emerging and fast growing segments like online Food Chains, Airport Flight Kitchens, Cash & Carry Vans to leverage its capabilities and basket of innovative products. It is also foraying into overseas markets in a bid to grow faster. The Company has upgraded its manufacturing facility located in Chennai and Ahmedabad to cater to these new segments. Addressing ICE Make’s 10th Annual General Meeting (AGM) in Ahmedabad Mr Chandrakant Patel, Chairman, and Managing Director told the shareholders about the concrete steps it is taking to strengthen marketing and sales addressing to these new segments and overseas markets. Its core team has identified several countries having good potential for growth like Nepal, Sri Lanka

Jupiter Infomedia Limited, a Proficient Business Solutions Company and “Knowledge Hub for Empowering Indian SMEs”, has launched its business news portal JimSMEnews.com , entirely focussed on covering Indian SMEs listed in NSE and BSE. The portal has been meticulously conceptualised to effectively ease information challenges that investors and market researchers face on a daily basis.   With the rising number of listed SMEs and demand for genuine information, it becomes a virtual challenge to stay informed about all the developments taking place in Indian SME market. JimSMEnews.com stands as a single biggest information gateway for Indian SMEs and Investors seeking reliable and unbiased news on listed SMEs. The portal will be live tracking 500+ listed companies in BSE and NSE. JimSMEnews.com will cover complete insight of Indian SME market related to SME equity, company listings, mergers & acquisitions, financials, new launches, awards & recognition, achievements an

Ice Make Refrigeration Limited (Ice Make), one of the leading manufacturer & supplier of cooling solutions equipment, held a two days seminar for merchant dealers, traders & associates on the various applications of refrigeration and cooling systems in the city at the ICE Make premises. The extensive seminar apart from covering various topics of interests and subjects, discussions about the future outlook of refrigeration industry, best practices, successful & motivational stories, also included plant visit, educational and learning session on the new technology, products and installation procedures, awards & rewards program among others. The company as a mark of goodwill gesture and token of appreciation presented mementos and certificates to these super dealers and associates who participated in large numbers. Among the key speakers at the event Dr. A.J. Pandya and Mr. V.K. Ghoda spoke extensively on the applications of refrigeration in dairy industry while M

Jupiter Infomedia Ltd, a Web-Infomedia Company has published the first edition of “ All India Directory of Printing & Packaging Industry ” with an aim to offer an all inclusive sourcing tool to bulk buyers in India. The Directory features over 10,000 manufacturers in over 500 product categories and is available in Print and Digital versions. Mr Umesh Modi, Chairman and Managing Director, Jupiter Infomedia said “ This is a significant initiative by JimTrade.com after the remarkable success of launching “Directory of Industrial Products (Maharashtra)” which featured 10,000 manufacturers in over 3,500 product categories. This new Directory has the most exhaustive pan-India B2B sourcing database for Volume Buyers in Print & Digital edition. JimTrade.com, which is India’s largest Business Directory with a database of over 5,00,000 product profiles featured under 21,000 product categories, has launched these B2B Directories in both Digital Software format and Print version”

Ahmedabad based business tycoon Mr Chandrakant Patel, Chairman and Managing Director of Ice Make Refrigeration Ltd has been featured as one of the top “Entrepreneurs of Gujarat 2019” in a special edition & exclusive coffee table book “Estrellas”, published by   Divya Bhasker, one of the leading Gujarati daily news publication. Mr Patel, a first generation Entrepreneur, is the founding member and promoter director of Ice Make Refrigeration Limited, one of the leading manufacturer & supplier of cooling solutions products and equipments in India. Commenting on the recognition he  said “It’s a great moment for all of us at ICE Make to have got this personal accolade. This has come truly at a time when the Company is at the cusp of accelerated growth and consistently delivering strong performance and stakeholder’s value. As a fast emerging company Ice Make has established strong credentials in the market among our clients, customers and industry peers. The culture wit

“The govt. needs to direct 10-15% budgetary allocation towards storage of produce and cold chain logistic” Mr Chandrakant Patel, CMD, Ice Make Refrigeration Limited urged the Finance Minister Mrs Nirmala Sitharaman to direct at least 10-15% of the budgetary allocation towards developing an effective ecosystem for proper storage of produce and cold chain infrastructure. India is short by 25 million tonnes of cold storage capacity and over 60,000 refrigerated trucks and there is an urgent need to fill this huge capacity gap. He says “The government needs to do a lot more to fuel agricultural growth and treat the root cause behind India’s poverty and urban rural divide. The main challenge is providing skills and economic opportunity to rural India.  India needs to save nearly Rs l lakh crore of nation’s money which is lost due to wastage of produce, by building proper storage capacities.   Proper storage facilities can help agriculture and allied activities be lucrative a

Total revenue up 128% to Rs. 38.96 cr . BOD Recommends 2.5% Dividend of Rs. 0.25 per equity share of Rs 10/ each VASA   Retail and Overseas Ltd, engaged in the retail business, manufacturing, trading a wide range of stationeries and raw materials, has reported remarkable financial performance for the financial year ended March 31, 2019 and the second half of FY19. The total revenue for the full year FY19 rose by 128% to Rs. 38.96 Crores compared to Rs.17.08 Crores reported in the corresponding last financial year of FY18.  The Net Profit for the full year ended March 31, 2019 grew rises 173 % to Rs. 1.53 Crore compared to Rs 56 Lakhs posted in FY18. The Company’s Total Revenue for the second half year of FY19 stood at Rs. 20.78 Cr. compared to Rs. 18.28 Cr. reported in the first half year ended 30 th  September 2018. The net profit for this period (H2FY19) stood at Rs. 77.88 lakhs compared to Rs. 75. 19 lakhs posted in H1 of FY19. In the fiscal year 2019 Company’s  EBIDTA