Monday, January 16, 2017


Trescent Lifestyles partners with iconic technology brand ‘Devialet’ in India

Bollywood Superstars Shah Rukh Khan, Ranbir Kapoor, Alia Bhatt & Shilpa Shetty, enhance their homes with the new & advanced “Gold Phantom” speaker

Trescent Lifestyles is the ultimate destination for those who appreciate cutting edge technology in Home Theatres, Audio-Video and Home Automation Systems in India. The luxury retailer has tied up with the world’s most critically acclaimed start-up Devialet as premium resellers in Mumbai. Founders of Trescent Lifestyle, Monica Sambharya Parikh and Harshul Parikh along with Florian Des Garets, Sales Manager Asia - Devialet, recently got together with actors Shah Rukh Khan, Ranbir Kapoor, Alia Bhatt & Shilpa Shetty Kundra - the proud owners of the new and iconic ‘Gold Phantom’ speaker.

Trescent Lifestyles Design Studio is synonymous to sophisticated home technology. Trescent partners with the best luxury brands from across the globe to ensure that their clientele have access to the latest and most revolutionary audio solutions for their dream abode. They specialize in designing, installing and programming these systems and aim to create smart residences with home automation solutions that enhance the experience of luxury devices.

Trescent has associated with Devialet, a French company and international leader of premium amplifiers for the launch of their new speakers called “PHANTOM”. Phantom is unique as it emits sound using a revolutionary and inherently superior process created by Devialet engineers.  The wireless speakers provide an outstanding sound experience with power, clarity, preciseness and perfect acoustics.

Shares Harshul Parikh, CEO & MD, Trescent Lifestyles, “At Trescent, we pride ourselves on offering a completely personalized technology experience. Trescent aims to truly enhance the experience of luxury devices with an unwavering attention to detail and perfection. It is a pleasure associating with Devialet to unveil the advanced and revolutionary “Gold Phantom” speaker, and learn that these iconic personalities enjoy their passion for music through the finest sound experience that these speakers exude.”

BACKGROUNDER: ABOUT TRESCENT LIFESTYLES:
Trescent Lifestyles is the ultimate destination for those who appreciate cutting edge technology in Home Theatres, Audio-Video and Home Automation Systems in India. Trescent partners with the best luxury brands from across the globe to ensure you have access to the latest and most revolutionary solutions for your dream home. Started by Harshul Parikh and Monica Sambharya in 2006, Trescent, creates smart homes with home automation solutions that enhance experience of luxury devices through integration.
Trescent Lifestyles offers uber home theatre solutions, which provide you with cutting edge technologies to have your own private cinema in the luxury of your home. Monica & Harshul work with the movie industry’s latest technologies and manufacturers to ensure your new home theatre is capable of 4K Ultra High Definition Video and 3D-Surround Sound.
Combining the functions of Lighting, Curtains, Audio-Video, Temperature Control, and Access Control in an imaginative manner ensures an effortless luxury home experience, at the touch of an iPhone or an iPad. With an intuitive control system, experience your curtains rolling, lights changing patterns, or your favorite music coming alive. With intelligent use of technology integration, Trescent enhances lifestyles and also most importantly helps maximize energy saving, allowing you to live in a Green Home that is truly eco-friendly.
Trescent’s clients include Bollywood stars like Shah Rukh Khan, Akshay Kumar and Twinkle Khanna, Shahid Kapoor, various Forbes 500 members and more.

ABOUT DEVIALET
Founded in 2007 and based in Paris, Devialet is the premier start-up in the world for the excellence of its inventions in the sound field, with 107 patents and more than 60 International awards. Devialet is a rapidly expanding company with, today, 230 employees. 

Among its historical investors it has Bernard Arnault, Jean-Antoine Granjon, Xavier Niel et Marc Simoncini.

Hailed by all the experts and awarded by the most demanding of international magazines, the start-up is present in the very exclusive stores that are Colette, Harrods, and Kadewe in Berlin in addition to its own boutiques. The revolutionary connected speaker Phantom has been commercialised in Apple Store since December 2015.

With its place as leader only 5 years after the launch of the first D-Premier amplifier, the brand has been able to keep true to its initial values, dear to the heart of its 3 founders, the engineer Pierre-Emmanuel Calmel, the visionary entrepreneur Quentin Sannié and the super designer Emmanuel Nardin.  

Success has indeed been possible thanks to the succession of radical inventions in sound engineering, of which the ADH intelligence - the revolutionary technology that transformed the amplification of sound by enabling the hybrid mix of digital and analogue electronics. 70 acoustician engineers, mechanics, electricians, and IT engineers in signal processing, the best in their field of specialisation, work every day at Devialet’s to invent the sound technologies of the future.




Displaying Shah Rukh Khan with Monica Sambharya Parikh and Harshul Parikh - Founders of Trescent Lifestyle.JPGDisplaying Shah Rukh Khan, Florian Des Garets, Sales Manager Asia - Devialet, Monica Sambharya Parikh and Harshul Parikh - Founders of Trescent Lifestyle.JPGDisplaying Ranbir Kapoor with Harshul Parikh & Monica Sambharya Parikh - Founders of Trescent Lifestyle.jpgDisplaying Alia Bhatt, Harshul Parikh & Monica Sambharya Parikh - Founders of Trescent Lifestyle.JPGDisplaying Shilpa Shetty & Raj Kundra with Harshul Parikh & Monica Sambharya Parikh - Founders of Trescent Lifestyle.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...