Tag: Business

New Delhi [India], November 14: Om Infra Ltd, a leading infrastructure company, reported another strong quarter that ended September 30, 2024. The company reported a 40 per cent jump on a quarter-on-quarter (QoQ) in its consolidated revenue from operations at Rs 238.43 crores in the September 2024 quarter (Q2FY25). The company reported a revenue of Rs 169.49 crores in the June 2024 quarter. On a yearly comparison, revenue declined slightly from Rs 279.8 crores million in the September 2023 quarter.

The Vijay Kedia invested company clocked a net profit of Rs 3.48 crores in the second quarter of the current financial year. It reported a net profit of Rs 12.53 crores in the preceding quarter ended on June 30, 2024. Its bottom line stood at 23.68 crores in Q2FY24. Om Infra’s profitability took a hit on the back of higher expenses, which came in at Rs 229.38 crores.

The engineering segment continued to remain the key driver of the revenue with a revenue of Rs 219.41 crores, while the real estate sector contributed Rs 19.01 crores to the revenue for Q2FY25. Operational profit came in at Rs 17.35 crores, with EBITDA margins stood at 7.28 per cent for the quarter.

SK Jain, Chief Financial Officer of Om Infra Ltd, said, ‘’We have recorded a strong revenue growth in the September 2024 quarter. The profit is almost the same, and we are hoping to improve it going forward. We are largely focusing on pump storage and water pipeline and irrigation-related projects in India in terms of huge budget allocation by the government in the incoming years 2025 onwards. India promises huge potential and growth for companies in the water sector. We are going to place ourselves in a gainful way in this India story.’’

Recently company has won a significant new hydro-mechanical (HM) works order valued at Rs 410 crore from the Chenab Valley Power Projects, Jammu and Kashmir. Om Infra is a conglomerate involved in diverse business activities and interests related to Hydro-mechanical equipment, turnkey solutions for infra engineering, water pipelines, civil structures of dams, etc.

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Ahmedabad (Gujarat) [India] November 14: Lincoln Pharmaceuticals Limited, one of India’s leading healthcare companies has reported standalone net profit of Rs. 50.03 crore for the half year ended 30^th September 2024, growth of 7.55% Y-O-Y as compared to the net profit of Rs. 46.52 crore in H1 FY24. Income from operation for the H1 FY25 was reported at Rs. 308.50 crore, higher by 5.79% Y-O-Y over H1 FY24 income from operation of Rs. 291.61 crore. EBITDA for the H1 FY25 ended September 2024 was reported at Rs. 71.50 crore as compared to Rs. 68.25 crore EBITDA in H1 FY24 registering growth of 4.76% Y-O-Y. EPS for H1 FY25 was reported at Rs. 24.96 per share.

Highlights:

• Approved dividend of Rs. 1.80 per share for the FY23-24 at the 30th AGM held on 30th Sep 2024
• Foreign Institutional Investor gradually increased stake in the company to 5.19% as on 30th Sep. 2024
• Company is also among a very few companies to achieve a profit growth every single year from FY13 to FY24.

Shareholders at the 30^th Annual General Meeting (AGM) approved a dividend of Rs. 1.80 per share (18%) for the FY 2023-24.

As of September 2024, Foreign Institutional Investors (FIIs) have steadily raised their holding in the company to 5.19% from 2.59% as on September 2023. The company aims to reach a revenue target of Rs. 750 crore by FY26 through focused growth strategies, business expansion into high-value product lines, and entry into new markets. Company is also among a very few companies to achieve a profit growth every single year from FY13 to FY24.

Financial Highlights (Standalone)

(Amount in Cr except EPS)

	H1 FY25	H1 FY24	Y-O-Y	FY24	FY23	Y-O-Y
Total Income	328.88	307.99	6.78%	614.97	532.78	15.43%
EBITDA	71.50	68.25	4.76%	134.33	111.68	20.28%
Profit before Tax	64.26	62.32	3.11%	122.24	100.48	21.66%
Net Profit	50.03	46.52	7.55%	93.30	72.90	27.98%
E.P.S (Rs. )	24.96	23.30	7.12%	46.58	36.40	27.97%

Commenting on the results and performance, Mr. Mahendra Patel, Managing Director, Lincoln Pharmaceuticals Limited, said, “We are pleased to report continued strong growth across all business verticals H1 FY25, while maintaining a net debt-free status. Our new product launches in domestic and export markets have strengthened our market presence and accelerated growth, positioning us for even better performance during the second half of the year. Through a combination of robust growth initiatives, high-quality products, geographic expansion, and operational improvements, we are on track to achieve our ambitious Rs. 750 crore revenue target by FY26. Notably, we are among a select group of companies that have consistently achieved profit growth every year from FY13 to FY24.”

The company’s expansion strategy involves registering new products for export, increasing its market presence, and leveraging its state-of-the-art manufacturing facilities to meet international standards.

In FY25, company will continue to expand its global and regional footprints while building a strong portfolio in lifestyle and chronic segment especially women healthcare, dermatology to complement its strong presence in the acute segment. The liquidity position of the company is on a strong foundation, supported by healthy cash accruals, no-term debt, and healthy return ratios. Committed to R&D and innovation, company has a strong lineup of over 1,700 registered products and 700 more in development.

Lincoln Pharma exports to 60+ countries spanning East & West Africa, Central & North America, Latin America, and Southeast Asia. With recent entry into the Canadian market and approvals from TGA – Australia and EU GMP, the company is poised for further global expansion, while also aggressively pursuing product registration for its Cephalosporin plant in Mehsana. These initiatives align with the company’s revenue target of Rs. 750 crore for FY26.

Lincoln Pharma has a state-of-the-art manufacturing facility unit at Khatraj in Ahmedabad, Gujarat, complying with stringent international quality and compliance norms and certified by EUGMP, TGA, WHO-GMP; ISO-9001:2015, ISO-14001:2015 and ISO-45001:2018. Company has developed 600 plus formulations in 15 therapeutic areas and has a strong product/brand portfolio in anti-infective, respiratory system, gynaecology, cardio & CNS, anti-bacterial, ant-diabetic, anti-malaria among others. Company has filed 25 plus patent applications and is awarded with seven patents.

About Lincoln Pharmaceuticals Limited

Providing Affordable and Innovative medicines for healthier lives.

Lincoln Pharmaceuticals Limited is one of the leading healthcare companies in Gujarat, India. Established in the year 1979, the company develops and manufactures affordable and innovative medicines for healthier lives. The company has developed 600 plus formulations in 15 therapeutic areas and has a strong product/brand portfolio in anti-infective, respiratory system, gynaecology, cardio & CNS, anti-bacterial, anti-diabetic, anti-malaria among others. Company has over 1,700 registered products and another 700 in pipeline. The company has its strong presence in Domestic market with good strength of own field force and also exports to more than 60 Countries.

Company has developed many new drug delivery dosage forms over years and has a track record of launching many first-of-its-kind innovative products. Company works with vision for nurturing innovations and bringing them to Indian patients at affordable cost to create “Healthcare for All”.

Lincoln Pharma has two state-of-the-art manufacturing facility units at Khatraj in Ahmedabad and Mehsana, Gujarat. Company’s manufacturing facilities comply with stringent international quality and compliance norms and certified by EUGMP, TGA, WHO-GMP; ISO-9001:2015, ISO-14001:2015 and ISO-45001:2018. Company is engaged in manufacturing of pharma formulations like Tablets, Capsules, Injectables, Syrups, Ointments, etc.

Company’s key strength is embedded in its cutting-edge research and development capabilities. The company has a strong R&D team including 30 plus scientists. It has filled 25 plus patent applications and is awarded seven patents. R&D facility of the company is recognised by the Department of Scientific and Technology, Government of India and furnished with state-of-the-art devices and equipment for internal physical, chemical and microbiological analysis of all products.

Company has a strong presence in the domestic market nationally with a dedicated field force of over 600. Company has a wide national distribution network through 21+ Super Stockist in 26 states across India.

Going green, company has also set up a new Solar Plant of 1 MW at factory’s rooftop in addition to two windmills. This way we are producing renewable energy to our consumption nearly 65% resulting significant saving in the electricity cost and helped the company to become a self-sustainable and environment-friendly organization.

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Mumbai (Maharashtra) [India],November 13: Mumbai-based Mayukh Dealtrade Limited, a BSE listed firm (BSE: 539519) engaged in manufacturing of various kinds of burners, has announced robust financial results for the quarter ended on 30th September, 2024.

For the second quarter of financial year 2024-25, Mayukh Dealtrade reported a net profit of Rs. 61.77 lakh, 125% higher than Rs. 27.47 lakh reported in the corresponding quarter of the previous financial year. The company’s net sales/income from operation in Q2FY25 was Rs. 159.97 lakh, 248% higher than Rs. 45.94 lakh in the corresponding quarter of the previous fiscal.

For the first half of financial year 2024-25, Mayukh Dealtrade’s net profit was Rs. 95.57 lakh, 168.6% higher than Rs. 35.37 lakh in the first six months of the previous year. Total income was Rs. 239.62 lakh, an increase of 129% over the income of Rs. 104.65 lakh reported in the corresponding period of the previous fiscal.

Consolidated Financial Highlights (Rs. Lakh)

	Q2 FY25	Q2 FY24	Y-O-Y	H1FY24	FY23	Y-O-Y
Net Sales	159.97	45.94	248%	239.62	104.65	60.57%
Net Profit	61.77	27.47	125%	95.57	35.37	168.6%

Commenting on the performance of the company, Mr. Mit Brahmbhatt, Managing Director of Mayukh Dealtrade, said, “We are delighted with our performance in the second quarter of the financial year. The results are in line with our expansion and growth plans. The faith and confidence of our stakeholders has been critical to our success and we aim to continue to further strengthen our market position.”

Aided by growth in emerging markets, favourable government initiatives and technological advances, the global electrical equipment market is expected to touch $1,662 billion by 2025 and $2,248.2 billion in 2030. Political uncertainty, geopolitical tensions and volatile market prices are concerns, but the sector is well-poised to continue strong growth in the years to come. Innovations in electrical equipment and rising investments in energy-efficient infrastructure are expected to spur growth.

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New Delhi [India] November 13: Hafele India is once again set to make a significant impact at Acetech 2024, reaffirming its dedication to delivering solutions that enhance the value of everyday spaces. With a long legacy of excellence and an ongoing commitment to transforming living and work environments, Hafele empowers customers with versatile, efficient solutions tailored to the evolving needs of modern living.

This year, Hafele’s booth centres around the brand purpose, “Maximising the Value of Space. Together,” that was introduced last year. This purpose guides Hafele in creating functional, intelligent, atmospheric, and organised environments that adapt to the unique needs of today’s lifestyles. The purpose has been thoughtfully curated to highlight the shared value of maximising potential, a philosophy championed by Hafele’s brand ambassador, Mr. Sachin Tendulkar. Visitors to the booth will embark on an inviting journey through distinct spaces, designed to create an immersive experience that captures Hafele’s seamless blend of innovation, functionality, and style where they would explore how the company’s solutions cater to every room / space.

Mr. Frank Schloeder, Managing Director of Hafele South Asia, stated, “India is a highly promising and dynamic market brimming with opportunity. Year after year, Hafele has achieved outstanding growth here, and we are excited about expanding further. Being part of Acetech 2024 will also give Hafele an opportunity to showcase multiple products including our curtain raisers and emerging innovations as well as highlight our holistic capability as a brand.”

Here’s a short preview on Hafele’s latest advancements in premium appliances, kitchen systems and fittings, lighting systems, surfaces and water solutions showcased at Acetech 2024:

Appliances 

Luxury Appliances

ASKO Style Series Laundry Solution: Attention to detail and providing innovative solutions for modern living is what sets ASKO appliances apart. The Style series from ASKO encompasses the entire range of laundry care solutions which includes washing machines, tumble dryers, drying cabinets and hidden helpers. These appliances have a full-size front panel made from a single piece of solid steel that surrounds the stylish horizontally brushed aluminium panel.

Falmec’s Shelf 120 cookerhood incorporates a very thin suction element in a shelf structure of only 100 mm thickness, equipped with a removable vane to increase smoke suction capacity. This element with hood function can be enhanced with additional modules to create a versatile hanging furniture system on the wall. Winner of the 2023 Germany Design award, this innovative cookerhood is the icon of concept, high quality of design, innovation and accessibility.

 

Premium Appliances

Teresa Cookerhoods: First ever cookerhoods with the Filter-Free technology, Teresa cookerhoods offer convenience and a hassle-free experience like never before. Designed with the Indian household in mind, these cookerhoods are efficient, operate with low noise and are a sustainable solution for seamlessly maintaining clean and comfortable cooking environments.

Cronus Digi-Step Hob: Sporting Digital Multi Timers that can be set separately for each burner, and the Graduated Flame Technology which offers multiple flame level options, Cronus Digi-Step Hobs are very convenient to use and deliver precise cooking results.

Small Kitchen Appliances

The Magnus Cold Pressed Juicer: It is designed to work at a much slower pace as compared to a regular juicer and is hence able to extract fruit and vegetable juices without applying heat, the absence of which helps retain a maximum number of nutrients.

The U-Kaffee Plus Coffee Machine: It can brew you the most delectable shot of espresso, a rich cappuccino or a creamy latte – all in the comfort of your own home. So, while you sit back and turn on your favourite music, U-Kaffee Plus adeptly works to bring out the best coffee with the perfect aroma versus taste balance.

Lighting Solutions

One Cable: It is a unique furniture lighting solution that offers easy installation into your cabinets. Powered by the Loox 5 drivers, this solution provides a seamless lighting experience across your furniture.

R One Architectural Light: These plug-n-play lights offer a glare-free light output, thanks to the innovative design of the reflector. Featuring multi-white LEDs and integrated Bluetooth Mesh networking, these lights offer a seamless and convenient lighting experience.

Retail Lights: Equipped with high-quality LEDs and narrow refraction angle, Hafele’s Retail lights deliver a focused light output for clear accentuation. With a 360-degree rotation angle and 180-degree vertical pan angle, these lights are most suited for shops and museums.

Kitchen Fittings:

MatrixBox Premium and Premium+ Drawer Systems: This is a robust, functionally efficient and a seamlessly aesthetic solution, the Push-to-open technology for handle-less drawers is enabled by this solution.

The MatrixBox Slim Drawer System: With 13 mm thin drawer sides, this solution features simple assembly as well as unrivalled design and flexibility in application. It is suitable for installation in kitchens, bedrooms and bathrooms. MatrixBox Slim comes with 3 height options, 2 side design options (Solid & Décor) and 2 weight carrying capacities (40 & 60 kg); giving you the widest choice for a host of applications.

Free Space: The new Free Space by Hafele offers an innovative stay flap fitting which, with its strong features and universal aesthetics, can be used in furniture across interior spaces. It immediately provides added value and more efficiency when working. Inspired by the requirements of the market of tomorrow, Free space fulfils all demands for creative freedom and choice of material, design, ease of installation and con­venient operation on a whole new level.

Project 2 Aluminium Profiles: A unique modular Aluminium profile system, Project 2 offers both structural stability and seamless aesthetics for your kitchen islands. Crafted in line with the latest design trends, this Aluminium profile system comprises of multiple components that enable a flexible installation experience along with various design possibilities, elevating your kitchen aesthetics.

Vauth Sagel Flex Larder System: It offers a flexible, modular storage solution for organizing cabinet interiors. Whether in the kitchen or utility room, it enables customized storage arrangements to meet typical needs around the hob, oven, sink, or washing machine areas.

Surfaces and Water Solutions

Terra Surfaces: The Terra Range, a Quartz dominated, Hafele’s In-house surface range is composed of colour pigments and binding agents to form a solution that is immensely strong, versatile and creatively workable for a wide array of home applications. It comes with 27 elegant yet contemporary colours that add to the versatility of this range. Cemento, Carbonite, Nebula White, Olympia Gold, Crema Dolce, Bianco Misterio, Crema Champaigne and Pebble are some of its colour options. Each colour has a soul and unique characteristic of its own.

Blanco Range: Long gone are the times when a kitchen was merely used for function, these days it can be the architectural nucleus of your home. Putting this into perspective, Hafele’s range of Silgranit kitchen sinks and faucets by Blanco backed by 60 years of experience and research in market knowledge, engineering proficiency and latest technologies is one of their highlight product ranges. This was conceptualised and created in line with emerging interior trends, engineered for seamless design integration and superior performance in kitchens. Among the standout offerings in this range are the ADIRA, Axia, and Linus S, each showcasing exceptional design and functionality.

The Hafele Booth at Acetech 2024 promises an interactive experience that will bring visitors closer to our solutions. This approachable setup encourages relatability at all levels, be it a homeowner, a designer or an architect.

Hafele remains committed to enriching living spaces by staying at the forefront of the constantly evolving consumer needs and design trends. Commitment has always been reflected at Hafele’s Acetech Booth, and this year we encourage you to join us at our booth at Acetech 2024 and discover products that embody our dedication to quality, innovation and design excellence.

We invite you to experience our booth as well as our purpose – Maximising the Value of Space. Together.

About Hafele

Established as a wholly owned subsidiary of Hafele Global network, Hafele India has been operating in India since 2003. An authority in the field of architectural hardware, furniture and kitchen fittings and accessories, the company also has a strong presence in synergized product categories like Home Appliances, Interior and Furniture Lighting, Sanitary Solutions, and Surfaces positioning itself as a complete solution provider for interior solutions in India and South Asia. Hafele India has a strong nation-wide presence through its offices and design showrooms spread across the country. The showrooms function as a one-stop-shop for all home interior and improvement needs – from providing in-depth technical advice to kitchen and wardrobe designing services through a team of experts.

Log onto https://www.hafeleindia.com/en/info/service  to find the nearest

Hafele showroom or design centre.

Website: https://www.hafeleindia.com/en/

Customer Care Toll Free: 1800 266 6667

Customer Care WhatsApp: +91 97691 11122

Customer Care Email ID: customercare@hafeleindia.com

Visit us:

On: 14th to 17th November 2024

At: The Hafele Booth, Hall 1, B5 & 6, and C5, Bombay Convention and Exhibition Centre, Goregaon, Mumbai.

Contact Details for any press inquiries and additional information about Hafele’s participation in Acetech email shivangi.sinha@hafeleindia.com

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• The newly formed chamber will promote trade and investment, facilitate business partnerships, and offer a platform for networking and knowledge sharing between businesses.
• A key focus of the initiative is youth and women empowerment.
• The chamber aims to build a conducive business environment and inspire confidence in the future of India-South Africa trade.

New Delhi [India] November 13: In 2024, India and South Africa celebrate the 30th anniversary of their diplomatic relations, marking three decades of deep-rooted historical ties and cooperation. This milestone year has also seen a significant economic achievement- a bilateral trade between the two nations has surpassed pre-pandemic figures, reaching an impressive total of approximately US$19 billion. In support of the strong bilateral relations between South Africa and India, the private sector of both countries has collaborated in launching the India-South Africa Chamber of Commerce (ISACC) as an important and strategic platform in deepening and diversifying economic relations between the two countries. The chamber is set to play an important role in promoting bilateral trade and investment, facilitating business partnerships, and providing a platform for businesses to network and exchange knowledge. With a strong commitment to empowering youth and women, the chamber will create opportunities for participation in economic activities and entrepreneurship, including the MSME sector.

Minister of Trade, Industry and Competition, Parks Tau at the launch of the inauguration of the India-South Africa Chamber of Commerce shared, “South Africa and India have established a strong framework of co-operation with the conclusion of many agreements and of understanding since the establishment of diplomatic relations in 1993. We believe that the forum will continue to nurture and strengthen the bilateral commercial relations. The South African government’s ambitions of generating growth, creating sustainable jobs and eradicating poverty through an inclusive economy can be achieved only through collaboration with the private sector. In this regard, we believe that the India-South Africa Chamber of Commerce will play a significant role in facilitating trade and investment between our two countries.”

A business discussion was recently held in Cape Town with the key players, including Leon Schreiber, the Minister of Home Affairs; Ambassador Anil Sooklal, South Africa’s High Commissioner Designate to India, Bangladesh and Nepal; and Rahul Kaushik, the president of the ISACC. The discussions marked a significant step forward in enhancing collaboration between South Africa and India, with a focus on addressing key visa challenges and improving economic ties.

The High Commissioner designate, Anil Sooklal, outlined the important role of the Department of International Relations and Cooperation in advancing Economic Diplomacy between the two countries. He stressed the importance of active support from the key Economic Departments of not only the National but also Provincial Government in fully harnessing the vast Economic opportunities for mutual benefits.

During the discussion, Minister Dr. Leon Schreiber’s expressed, “South Africa’s Department of Home Affairs’ has always been committed to being a key economic enabler for South Africa. ISAAC will play a pivotal role in promoting economic growth and job creation across the country. Also, a significant progress is being made in reducing visa backlogs by 60%, as well as the ongoing Digitization Process, which is modelled after India’s Aadhar System, which will expedite visa processing and approvals.”

Speaking on the formation of the chamber, Mr. Rahul Kaushik, President of the India-South Africa Chamber of Commerce, said, “The primary goal of this chamber is to build the economic and commercial ties between India and South Africa. Despite the longstanding relationship between our nations, nothing has been done to address this relationship formally. The India-South Africa Chamber of Commerce will help bridge that gap, enabling bilateral business ventures and private sector partnerships.”

“India is one of the world’s fastest-growing economies, driven by technological and infrastructural advancements. At the same time, South Africa, with its wealth of natural resources, is often seen as the gateway to the African continent due to its strong infrastructure. There is immense potential for Indian businesses to invest in South Africa, be it in sectors such as tourism, mining, industry, infrastructure, or energy. Further, exchange programs will be organized between the two nations will foster closer cooperation”, he adds.

Furthermore, the chamber will address the limited exposure that South African businesses currently have with the Indian market. “While there is an understanding that India is one of the fastest-growing economies, there is still limited experience in conducting business between the two nations. This platform will provide transparency and clarity, helping businesses in both countries understand the opportunities and pathways for investment,” Kaushik explained.

To achieve its goals, the chamber plans to organize trade missions, business matchmaking events, and industry-specific seminars and conferences. It will also facilitate the exchange of knowledge and best practices between businesses in India and South Africa. Additionally, mentorship and training programs for youth and women entrepreneurs will be implemented to support empowerment. ISACC will be the first business-led entity to work towards deepening the strategic partnership between India and South Africa in the seminal year when we celebrate 30 years of diplomatic relations.

Beyond facilitating trade and investment, the chamber will serve as a proactive advocate for businesses in both countries. It will assist companies by offering market intelligence, legal and regulatory guidance, and advocating for trade-friendly policies. These efforts will instill confidence in businesses seeking to navigate the complexities of international trade, ultimately fostering a more conducive business environment.

By promoting trade, investment, and empowerment, the chamber will play a crucial role in fostering long-term partnerships and unlocking vast opportunities for businesses in both countries.

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New Delhi [India], November 13: Master Trust Limited, a leading broking and investment platform, is delighted to announce the listing of its equity shares on the National Stock Exchange of India Limited (NSE), the country’s premier stock exchange. Trading of the company’s shares commenced on November 12, 2024, marking a significant milestone in Master Trust Limited’s journey as it continued to expand its market presence and commitment to delivering value for its shareholders and clients.

Master Trust Limited’s shares were made available for trading under the symbol “MASTERTR” in the EQ series, designated with the ISIN Code INE677D01037. With a total of 112,266,000 shares admitted to dealings on the NSE platform, the equity shares carried a face value of Re. 1 each and were traded in the Normal Market segment, ensuring streamlined and secure transactions for all investors.

This listing on the NSE was a landmark development for Master Trust Limited, underscoring the company’s resilience and growth in the competitive financial services sector. Over the years, Master Trust has established itself as a reliable name, providing a comprehensive range of services, including wealth management, portfolio advisory, broking, and investment. The listing not only strengthened the company’s brand presence but also enhanced its ability to create value for its stakeholders by enabling a broader investor base, increased market visibility, and further liquidity for shareholders.

Master Trust Limited made its debut on the BSE on April 25, 1995. The company reported a strong consolidated financial performance for the quarter ended June 30, 2024, with a total income of ₹1,603.6 million. EBITDA stood at ₹619.1 million, while Profit Before Tax (PBT) and Profit After Tax (PAT) were ₹454.7 million and ₹346.5 million, respectively, reflecting robust growth. This performance highlighted Master Trust Limited’s commitment to sustained growth and profitability.

Commenting on the development Mr. Harjeet Singh Arora, Managing Director at Master Trust Limited, said “It is with great pride and pleasure on this momentous occasion as Master Trust Ltd. embarks on its journey on the National Stock Exchange platform. This direct listing marks a new chapter for our company, which has been steadfast in its commitment to excellence and innovation for nearly four decades. Over the past four decades, Master Trust has navigated the complexities of the financial world with strong adherence to our core values of integrity, innovation, and excellence. Transitioning from a traditional broking house, we have embraced a hybrid model that combines high-touch services with cutting-edge technology. Looking ahead, we remain devoted to upholding our core values of integrity, transparency, and client-centricity. With vigilance toward emerging trends and opportunities, we are prepared to navigate the future with agility and foresight.”

This direct listing on the NSE was a testament to Master Trust Limited’s dedication to growth and value creation, empowering the company to reach new heights as it continued to serve its clients and shareholders with excellence.

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Mumbai (Maharashtra) [India], November 13:  Having clocked in the best decade in its entire history, Indian Dairy sector is getting further fillip with “Inter Dairy Expo 2024”, an initiative of VA Exhibitions in association with India Dairy Association (West Zone) which is scheduled to be organized from December 5 – 7, 2024 at Bombay Exhibition Centre, Mumbai INDIA showcasing complete value chain of dairy industry. Sustainable technologies, advanced packaging and preservation concepts, innovations in processing and production, cutting-edge automation, and much more will be exhibited by more than 120 leading Indian and global companies. This unique trade fair offers an opportunity to engage with industry leaders, explore the newest technologies, access Lab to Table Dairy Innovations and experience live demonstrations.

Presently, India is the world’s highest producer of milk, contributing about 24% of global milk production. Registering a growth of 6% over the previous year, India’s milk production for 2023-24 touched a record high of 230.58 million metric tons, which is three times that of China, with a current valuation of approx. USD 125 billion, Indian dairy market is pegged to grow at about 9% annually to reach USD 230 billion by 2030 thanks to adoption of new technologies right from milk production to processing & packaging as also for improving productivity made possible by the Government of India’s proactive support to the Indian dairy industry.

Highlighting the critical role of India’s dairy sector, Dr. R.S. Sodhi, President of the Indian Dairy Association, states, “Dairy provides a livelihood to over 80 million rural households, primarily composed of landless and marginal farmers. Milk cooperative societies and village collection systems have not only fostered economic independence among farmers but also broken barriers of gender, caste, religion, and community. Women, who form the backbone of this sector, contribute significantly to its success. The dairy industry serves as a vital job provider, particularly for women, and plays a pivotal role in advancing women’s empowerment across the country.”

Amongst the gamut of products and solutions that will be a part of this vital trade show are Milk and Milk Products, Dairy Farming & Farm Equipment, Veterinary solutions, Processing and packaging equipment, Automation & Data processing, Ingredients and Additives, Cold chain management, distribution and logistics, Financial assistance institutions, high-precision labelling machines, Dairy Testing equipment, Packaging solutions that ensure durability, efficiency, and product appeal, innovative methods for preserving dairy product quality etc.

Says Ashwani Pande, CEO of VA Exhibitions Pvt Ltd, “Inter Dairy Expo – along with parallel events like seminar, B2B meetings, CEO Conclave, etc. – will enhance the understanding of industry trends and possible solutions to the challenges being faced by the Indian dairy industry. A dedicated Start-up Zone will provide an ideal platform for recent entrants providing solutions for manufacturing and brand building among potential investors and mentors.”

Concurrent with the B2B expo, the Indian Dairy Association (West Zone) is organising a high-level, 2-day Seminar on “Global Market Opportunities for Indian Dairy” to explore how India can tap into global dairy markets with insights on production, exports, and regulatory trends to be addressed by Industry veterans, academia and policymakers. The Inter Dairy Awards 2024, scheduled to be announced on December 05, 2024, shall honor remarkable achievements in Innovation, excellence and entrepreneurship in the Dairy Industry with a particular focus on Quality & Safety Control, Processing Technology, Packaging Innovation, and Sustainability.

For more information, kindly visit the website www.interdairy.in

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