Wednesday, August 29, 2018

Javed Akhtar is Indian Music Industry’s “Person of the Year”

Eminent script writer, lyricist, poet and Chairman of IPRS, Mr. Javed Akhtar was recognized and awarded with the inaugural Indian Music Industry “PERSON OF THE YEAR” award.

In a glittering function organized by the IMI during the first “DIALOGUE- Indian Music Conclave” organized by the IMI which is the apex Indian Music Industry body, Mr. Akhtar was presented with the award by Mr. Shridhar Subramaniam President of Sony Music India and Chairman of IMI and by Seymour Stein, Co-founder/ Chairman Sire Records and VP Warner Bros Records.

An audio-visual which was played during the presentation contained messages from personalities such as Oscar winner and renowned music maestro AR Rahman, Filmmaker Karan Johar etc., demonstrated the respect with which Mr. Akhtar is viewed across the film and music industry.

Stakeholders in the music sector such as Vikram Mehra, MD Saregama, Devraj Sanyal MD & CEO Universal Music Group India and South Asia spoke of the immense respect that Mr Javed Akhtar has gathered the industry by ensuring that the creator and music business communities build bridges in an effort to work together for the success and betterment of the industry and for his role in ensuring that authors, composers settle their long standing with the music industry which had been festering for years.

Shridhar Subramaniam, Chairman of IMI said that, “this award is recognition of Javed Saab’s outstanding leadership which will allow the industry now to concentrate on bigger challenges and to expand and bring value to all stakeholders and users of music.”


In his address to the conference on receiving the award, Mr Javed Akhtar said, that the creator was an indispensable part of the music industry and the soft power of creators could be a critical part of the strength of the music industry as it deals with the serious challenges posed by technology. He said, “this award is not only recognition of me, it is recognition for all stakeholders in the Industry- of the extremely positive and mature fashion in which the industry now conducts and views itself”.
Mandar Thakur, COO of Times Music and Director of IPRS said that, Javed Saab’s status as a leader is not only limited to IPRS but is acknowledged across the industry- all of this as a result of the extremely positive and constructionist role he has played in bringing together stakeholders on one table. The IMI Music Person of the Year award is recognition of this reality”

Devraj Sanyal MD & CEO of Universal Music Group, India and South Asia said, “Javed Saab’s exemplary leadership and even handed approach to all stakeholders has brought this industry to an extremely positive point - something we have not seen for quite some time now. The Indian music industry must take advantage of this great synergy that has been built up between all of us- I feel, that given Javed Saab’s leadership, we are up to this task- good things lie ahead for the industry.”

IMI (‘Indian Music Industry”) is the apex music industry association and an affiliate of IFPI (International federation of Phonogram Industries) and the premier recorded music industry body in India.

IPRS is India’s only Registered Copyright Society authorized to carry on the business and granting of licenses in respect of literary works and musical works including when these works are exploited as part of sound recordings or cinematograph films. 



No comments:

Post a Comment

GIVE REVIEW ABOUT OUR UPDATE OR REQUEST

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...