Monday, January 16, 2017


MALAD MASTI GATHERING MOMENTUM

December 18th – 7000 participants, December 25th – 25000, January 8th- 30000, January 15th- 50,000??

Like the proverbial snowball that grows and grows as it rolls along, "Malad Masti" in just its 3rd week is gaining immense popularity, drawing large crowds, and spreading the mantra of fit and healthy living. 

The event saw the presence of Siddharth Nigam, Navraj Hans, Debojeet Shah, Shabad Sabri, MJ5, Ankit Tiwari, Rj Ruchi, Rj Clan and Many More.

Aslam Sheikh MLA, who envisioned the "Malad Masti" concept, says, “In this internet age our citizens are well educated, well-informed, and their expectations are accordingly high. Malad Masti met their inherent desire to engage in fitness and cultural activities, in an enjoyable, safe, outdoor setting. Other free street events focus on sports and fitness alone, Malad Masti gives opportunity to people to engage in performing arts and entertainment also.

Noella, General Secretary of the Vision Charity Foundation, co-organiser of "Malad Masti" remembers that in Aslam Sheikh’s MLA’s two successive terms as MLA he witnessed the changing lifestyles and aspirations of suburban Malad, and he came up with the idea of an event that matches the same”.

According Mr. Rajagopal, founder of the ALM it took almost a year for Aslam Sheikh, Vision, and the ALM to chalk out the entire concept, take regulatory permissions, rope in support from the BMC, Traffic Police Department, Local Police Station, etc. And all this planning and work resulted in what you see as "Malad Masti" today.

The 3 km stretch of well-maintained concrete roads will freed from vehicular traffic and opened up for not just local residents but also to many who come from faraway locations like Vasai, and Dadar.

A look at the activities map revealed 5 zones on either side a centre-stage. Each zone is divided into two sides East and West in typical Mumbai fashion. As many as 50 activity stations including Yoga, Zumba, Rock Climbing, Creative arts, etc.simultaneously engage crowds of around 5000.

It is not all fun and frolic though. There is intense planning, promotions, and organising activities going on round the clock to stage the biggest event that has hit the Malad suburbs. Event Managers Mashra Enterprises have rallied in volunteers from all the building in the locality and made expert groups to handle the crowds, and distribute the activities into the zones. Mindspace residential societies are home to highly educated sections of the society and it is as if they were all waiting for an opportunity to render service for a great cause that will improve social and sporting activity in the region.

Undeterred by the fanfare associated with such a massive event, the ALM remains committed to their original mottos. Mr. Shazad Rustomjee, Chairman ALM, says, “We have been active in protecting our mangroves, and in tree plantation.Through our annual tree plantation initiative we have planted more than 10000 trees in this small area of 3 sq.km. We have a 6 acre Forest Garden developed by Mr. Aslam Shaikh, and almost 25 acres of total garden space in the entire Mindspace belt. This Sunday we will be motivating the 30000 participants to join hands with us in making the Mindspace area the greenest belt in Mumbai.

Principal Event partners were Modispaces Real Estate & People’s Gym along with other prominent retail icons likeShoppers’ Stop, Hypercity,  Inorbit and Infiniti Retail.

Puneet Khanna, and Subha Baranwal, responsible for ground level management, confirms, “We are overwhelmed by the response and the goodwill generated by Malad Masti. It has been so successful that residential organisations from Kandivali, Santacruz, and Kalyan are now inviting us to help them set up similar events in their localities"

With word spreading about the event far and wide across social media and news media, we won’t be surprised if the event is renamed in the future as Mumbai Masti. But for now, suffice to say, Malad Masti has arrived! And it’s here to stay.
Displaying 1. Aslam Shaikh IMG_8428.JPGDisplaying 2. Aslam Shaikh with  Ankit Tiwari IMG_8761.JPGDisplaying 3. Aslam Shaikh with Ankit Tiwari IMG_8788.JPGDisplaying 6. Sudesh Lahiri IMG_8653.JPGDisplaying 5. Aslam Shaikh with RJ Rangili Ruchi & RJ Clyan IMG_8433.JPGDisplaying 8. Debojeet Shah IMG_8485.JPGDisplaying 9. Ankit Tiwari Performing IMG_8719.JPGDisplaying 10. Ankit Tiwari Performing IMG_8722.JPGDisplaying 11. Navraj Hans IMG_8597.JPGDisplaying 12. RJ Rangili Ruchi IMG_8436.JPGDisplaying 13. Artist Performing at Malad Masti Fest 2017 IMG_8463.JPGDisplaying 4. Aslam Shaikh with Siddharth Nigam IMG_8783.JPGDisplaying 7. Siddharth Nigam  IMG_8671.JPG

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Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face value of ₹10 each Fresh Issue Size - Up to 98,97,000 Equity Shares OFS size - Up to 13,50,000 Equity Shares Total Size - ₹ 150.71 Crore (At Upper Price Band) Price Band - ₹ 126 - ₹ 134 per share Lot Size – 111 Equity Shares Mumbai, September 21, 2026 - Adroit Industries (India) Limited is a vertically integrated manufacturer of propeller shafts and torque-transmission components with over four decades of operational experience, serving automotive, primarily commercial vehicles, and non-automotive applications, including defence and emergency services, heavy equipment and off-highway machinery and industrial equipment across more than 32 countries, proposes to open its Initial Public Offering on Wednesday, September 23, 2026 aiming to raise ₹ 150.71 Crores (At Upper Price Band), with shares to be listed on the BSE & NSE. The offer size is up to 1,12,47,000 Equity Shares with a face value of ₹10 each with a price band of ₹126 - ₹134 Per Share. Equity Share Allocation QIB Portion – Not more than 50.00% of the Offer Non-Institutional Investors - Not less than 15.00% of the Offer Retail Individual Investors - Not less than 35.00% of the Offer The net proceeds from the IPO will be utilized for funding capital expenditure by the company towards procurement of machinery and equipment for enhancement of operations at the Dewas Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in its subsidiary Adroit Driveshafts Private Limited for capital expenditure towards machinery and equipment at the Pithampur Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in the subsidiary for repayment or pre-payment, in full or in part, of certain outstanding borrowings availed by it, and general corporate purposes. The anchor bidding is on Tuesday, September 22, 2026. The offer will open on Wednesday, September 23, 2026 and will close on Friday, September 25, 2026. The Book Running Lead Manager to the Offer is Choice Capital Advisors Private Limited and the Registrar is Bigshare Services Private Limited. Mr. Saurabh Sangla, Chairman and Managing Director of Adroit Industries (India) Limited “expressed, The upcoming IPO marks a new phase for the Company. Over the years we have built vertically integrated capabilities spanning forging, precision machining, heat treatment, assembly, balancing and testing, and expanded our portfolio to over 5,000 SKUs of driveline components supplied to customers in more than 32 countries. Going forward, our focus will be on strengthening capacity across our manufacturing facilities, improving operational efficiency, deepening engagement with the Distributors, OEMs and Tier-1 customers across our export and domestic markets and broadening our automotive and non-automotive applications. The IPO will support our plans as we continue to strengthen the business and pursue long-term growth.” Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited said, “Adroit Industries (India) Limited has built an export-led driveline business over four decades, with vertically integrated manufacturing and a diversified customer base across automotive and non-automotive applications. The upcoming IPO marks an important step in the Company’s journey as it enters the public markets. We believe the Company’s integrated manufacturing capabilities, long-standing customer relationships and expanding product portfolio provide a foundation for its next phase of growth. We are pleased to be associated with Adroit Industries (India) Limited as it takes this step towards becoming a publicly listed company.” About Adroit Industries (India) Limited Adroit Industries (India) Limited is a vertically integrated manufacturer and supplier of propeller shafts – also known as drive shafts or cardan shafts – and related torque-transmission components. Its portfolio spans over 5,000 SKUs of driveline components, including propeller shaft assemblies, yokes, shafts, companion flanges, universal joints and accessories, supplied to automotive applications, largely commercial vehicles and SUVs, and to non-automotive applications spanning defence and emergency services, heavy equipment and off-highway machinery and industrial equipment. The Company operates three manufacturing facilities in Madhya Pradesh – Dewas Facility i.e for die making and forging processes, Pithampur Facility for machining and assembly, operated by its subsidiary Adroit Driveshafts Private Limited, and Sanwer Road Facility for certain finishing operations– with end-to-end in-house capabilities covering forging, precision machining, heat treatment, assembly, balancing and testing. The facility is certified under IATF 16949, ISO 9001, ISO 14001 and ISO 45001. With operations commencing in 1966, the Company has evolved into an export-led driveline components manufacturer, with 95.39% of Fiscal 2026 product sales derived from outside India across more than 32 countries, supported by a Canadian subsidiary for North American customer engagement, and serving 185 customers in Fiscal 2026 through distributors, Tier-1 driveline component suppliers and OEMs. In FY26, The Company achieved a Revenue from operations of ₹1,399.43 million, EBITDA of ₹387.10 million & PAT of ₹261.58 million. Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face valu...