Mr Chandrakant Patel, Chairman and Managing Director of Ice Make Refrigeration Ltd, has received ’Outstanding Business Leader' award from The Federation of Gujarat Industries (FGI). The federation conferred the 16th FGI award to Mr Patel for his exemplary vision and carving an inspiring story of entrepreneurship in the business of providing cooling solutions to variety of industries in India and overseas. FGI said “Mr Patel from humble beginnings to creating a niche for his organization in a market controlled by multinational giants makes a fascinating story indeed. He has been able to scale up and bring glory to his organization through Innovation, building core competence and complete grass root knowledge of the business”   Commenting on the achievement Mr Patel said “ It’s a great moment for all of us at ICE Make to have attained this award. This has come at a time when our corporate ethos, team’s hard work of decades has built strong foundation for taking ICE Make to the next l

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  Company fully geared to serve cold chain requirements of Covid19 Vaccination drive Ice Make Refrigeration Limited (Ice Make), leading supplier of innovative cooling solutions and manufacturer of 50 plus refrigeration equipments , has posted total revenue of Rs 30.06 Cr. for Q2FY21. Despite ongoing global pandemic challenges, the company’s top line stood marginally up by 20% as compared to Rs. 25.25 Cr. recorded in the corresponding period of Q2FY20. The standalone and consolidated net profit for this period stood at Rs 1.91 Cr. and Rs 1.84 Cr. respectively compared to -0.28 Cr. and Rs 0.18 Cr. reported in Q2FY20. Company’s Chairman and Managing Director Mr Chandrakant Patel, said, Ice Make has performed much better despite huge challenges posed by ongoing Covid-19 global pandemic. We have developed & set up a proactive “End-To-End Cold Chain Systems” for pharma industries, hospitals, procurement agencies and government health care system. The Company is fully gear

  Digital Law space is going through a sea change in India SoOLEGAL a comprehensive online discovery platform, that allows visitors to seek lawyers and law firms for counsel, has successfully raised $4 million. The investment round was led by private investors and family offices in India. Previously, the company has also raised $5 million from private investors and family offices since 2014. Speaking about the funding, Mr. Manish Kaul, COO SoOLegal said, Although SoOLEGAL was in talks with closed group of Investors since December 2019, the changed world order brought about by COVID19 pandemic also resulted in a quantum jump in revenues and user confidence on the portal, earlier than envisaged. This has prompted the investors to see more value in SoOLEGAL. The Digital Law space in India is gaining momentum as more and more users are actively seeking online legal counsel. Currently, SoOLEGAL provides its users with instant access to number of services. In a short span of time,

Eyes steady growth in Covid-hit FY21 Ice Make Refrigeration Limited (Ice Make), leading supplier and manufacturer of cooling solutions , which is now traded in the main board of the National Stock Exchange (NSE) - is eying steady growth in this Co vid-19 disrupted financial year.   “ We are confident of neutralizing disruptive effect s of Covid and focused on at least reaching the top-line of last year, which stood at Rs 136 crore.  The company’s order book which currently stands at about Rs. 37.21 Crore is growing at a decent pace post the unlock. In the last four months Ice Make has already picked up around 19.10% sales growth and 22.17% order book growth led by strong pent up demand in multiple product segments including –dairy, pharmaceutical and exports. The improvement in export business has been due to our aggressively focused efforts in the last two years” informed Mr. Chandrakant Patel, CMD, Ice Make Refrigeration Limited.   He further said “This year everyone has faced unpr

“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