“We have successfully maintained strong business fundamentals and corporate philosophy    and I want to assure all our stakeholders that Ice Make is absolutely determined not only to safely navigate but sustain and continue to improve its performance, customer delight, employee welfare and value creation” -Chandrakant Patel, CMD Ice Make Refrigeration Limited (Ice Make), one of the leading manufacturer & supplier of cooling solutions equipment, has maintained its financial performance for the financial year ended March 31, 2020 despite slowdown in demand and economic growth in pre-covid19 period. The company reported total revenues of Rs 137.65 Cr for the full year of FY20 compared to Rs. 129.58 Cr. reported in the corresponding last financial year of FY19.   The Net Profit for the full year ended March 31, 2020 stood at 7.17 Cr compared to Rs. 7.83 Cr. posted in FY19. During the investor conference call today Ice Make said compared to the first half of FY20 the Compa

India’s one of the leading tractor manufacturer and No.1 Export brand from the country, Sonalika Tractor in July’20 records highest ever domestic growth of 71.7% & overall (Domestic+Exports) 10,223 tractors sale. Domestic sales stood at 8219 tractors compared to 4788 sales same period last year. The company continues to be on growth trajectory beating industry growth.  Speaking on the performance, Mr. Raman Mittal, Executive Director, Sonalika Group, said, “Happy to share that we have recorded highest ever domestic growth of 71.7% in July’20 beating industry growth with overall sales at 10,223 tractors. This consistent performance, creating new record high and gaining market share is a testimony of our strong foundation and investment in world’s no.1 vertical integrated plant, largest channel partners, technology savvy supply chain and best team. We have launched new tractors with advanced technology features at the same cost of current products, thus helping the farmers to

Labcube, a Hyderabad based Startup Manufacturing Company of Covid Products in India,  has launched an innovative product “COVID SAFETY KEY”  that can protect users from Covid-19 by keeping their hands away from any potential contaminated surfaces and objects. Company's Managing Director and Partner Mr. Arougya Raju presented the first “Covid Safety Key”  first of its kind product   which is made from brass, invented and made in India to the Minister of Home Affairs  Mr G. Kishan Reddy who was preset at the launch event in New Delhi on July 15. Mr Reddy  congratulated the team behind this significant development that include Mr. Srinivasa Manapragada, an NRI & Entrepreneur from California USA, and Mr. Mallavarapu Arougya Raju, Entrepreneur, Hyderabad, India, who have invented a fist of its kind, simple and useful device "Covid Safety Key" at this need of the hour of deadly Covid Situation with an unique ergonomic design.  Srinivasa Manapragada who joine

Ice Make Refrigeration Limited (Ice Make), leading supplier and manufacturer of cooling solutions , is displaying an innovative range of equipments such as curd incubation, food dehydration, cold rooms, blast freezers & chillers and refrigerated containers, among others. for farmers, dairy, food processing and related industry at the 34 th AAHAR International Food & Hospitality Fair in New Delhi, at Pragati Maidan from 3 rd to 7 th March 2020.   AAHAR, one of Asia's best known brands in Food & Hospitality shows, is organized by India Trade Promotion Organisation, the premier trade promotion body of the Government of India. Mr Chandrakant   Patel, Chairman and Managing Director, Ice Make Refrigeration Ltd said “We have brought a range of cooling solutions here that is useful and beneficial, especially for diaries, farmers, food processing, distribution and supply chain. The display includes one of our most recent innovative solutions such as food dehydr

The Board of Directors of Ice Make Refrigeration Limited (Ice Make) in their meeting held on February 29, 2020 has considered, decided and approved Migration of listing/trading of Equity Shares of the Company from SME Platform of NSE (NSE EMERGE) to Main Board of NSE in terms of chapter XB of SEBI (ICDR) Regulations, 2018 subject to necessary approvals including approval of Members of the Company by way of Postal Ballot. The board also appointed the Scrutinizer for conducting the postal ballot  and e-voting process in a fair and transparent manner. About Ice Make Refrigeration Ltd Ice Make has been successfully satisfying the needs of its customers, from production to after-sales service, since 1993. The Company is engaged in the business of providing customized cooling solutions to diverse set of clients across wide range of industries by manufacturing and supply of 50 plus high quality refrigeration products & equipment’s. The Company over the years have receive

New Delhi, 26 Feb. 2020: Gujarat based Ice Make Refrigeration Limited (Ice Make), leading supplier and manufacturer of innovative cooling solutions , is displaying a range of refrigeration systems and solutions for manufacturers, suppliers and distributors at the Acrex India 2020 trade show at IEML, Greater Noida, Delhi NCR from 27 to 29 February 2020.   The exclusive international event which is South Asia’s largest exhibition on air conditioning, heating, ventilation and intelligent buildings, is organised by the Indian Society of Heating, Refrigerating and Air Conditioning Engineers (ISHRAE), and NuernbergMesse India for various stakeholders. Mr Chandrakant P. Patel, Chairman and Managing Director, Ice Make Refrigeration Ltd said “We have brought a range of cooling solutions here such as cooling coils, air conditioning, pre-cooling units, chilling and freezing systems, evaporators, condensing units and ammonia refrigeration. The requirement for refrigeration and

The Indian Association of Amusement Parks and Industries  (IAAPI)  is geared up to unveil the 20th IAAPI AMUSEMENT EXPO 2020 from 26 - 28 February 2020 at Hall 2, Bombay Exhibition Centre, NESCO Compound, Goregaon East, Mumbai, INDIA.   IAAPI)  is an apex body representing the interests of Amusement Parks, Theme Parks, Water Parks and Family Entertainment Center in India.   The three day exhibition, supported by Ministry of Tourism – under the banner Incredible India, will be inaugurated by the International Association of Amusement Parks and Attractions (IAAPA) Chairman, Ms  Amanda Thompson also the  Managing Director, Blackpool Pleasure Beach and Mr. Sohansinh Jadeja – President - IAAPI, along with the office bearers.   IAAPI’s 20 th  “Amusement Expo” is the biggest B2B exhibition on sourcing for amusement, leisure and recreation industry, bringing a comprehensive range of  products and services  offered by the industry under one roof. It provides an opportunity to in

Soon after the finance minister Nirmala Sitharaman announced the disinvestment of Life Insurance Corporation (LIC) during her budget presentation last week, there has been an attempt to create confusion and fear among its key stakeholders -employees and customers . As per Economic Times story today, LIC has kick started the Public Relations (PR) exercise to clean the air, which is ripening with fast spreading rumor, and to take their  stakeholders  into confidence. This is a wise step. The critics of Modi government have been calling the share sale in LIC as ‘privatization’ which means either they are misleading or have no idea what IPO (Initial Public Offer) is all about.  Privatization is full or majority transfer of a business, industry, or service from public to private ownership and control. IPO means  Initial Public Offering. It is a process by which a privately held or public sector entity/company becomes a publicly traded company by offering its shares to the pub

In order to make India a thriving five trillion dollar economy in the next 5-6 years, WE not only need to get rid of the slowdown, but also have to achieve a growth rate of about eight percent every year. This is what most economists and other experts are saying and seeking from the government. Everyone would agree with this need of the hour.  I used the word "WE" deliberately here because this high growth rate in a consumption driven economy would only be possible with the collective contributions of all 130 crore Indians. To ride on 8 percent plus GDP growth rate year-on-year; employment opportunities needs to rise: number of tax payers need to increase and economic output and productivity needs to go up. The country must focus on bigger goals and utilize its time judiciously.   In a recent Times of India newspaper astonishing news was published in which it was reported that in 2019 India spent  a mind boggling 5.5 billion hours of their time on  Tick-Talk  social

The three ex-finance misters –Dr Manmohan Singh, Yashwant Sinha and P. Chidambaram have not yet given their critical analysis, makes me believe the 2020 budget  is the best ever, since 1947. In democracy, the people leave the responsibility to the government to take the country forward, so it becomes  our RIGHT to analyze  their words, promises and efforts thoroughly for good or bad reasons. However, there are some dimensions, ways to analyze and to arrive at a judgment/conclusion without the right understanding, knowledge, facts, figures and purpose, can be misleading. Even many of the media experts and knowledgeable journalists have  mocked the 2020 union budget speech  of Finance Minister Nirmala Sitharaman. Soon after the longest ever speech delivered by the FM in India, got ended or rather cut short due to illness, the opposition and the media brought it at the center of nation’s focus. They termed budget hopeless and FM not making any big path breaking bold announce