Friday, February 1, 2019


Chef Sanjeev Kapoor discusses importance of clean cooking with industry leaders, showcases innovative technologies
Hosted by the Clean Cooking Alliance, the event also marked the start of a new behavior change communications campaign in India

Influential leaders and heads of organizations from across India came together in Mumbai to discuss the importance of clean cooking solutions and to recognize some of the most innovative cooking technologies on the market today.

Hosted by the Clean Cooking Alliance (the “Alliance”), the event at the Taj Lands End Hotel kicked off with a conversation between Dymphna van der Lans, Alliance CEO; Sanjeev Kapoor, Chef Extraordinaire and member of the Alliance Chef Corps; Narayana Murthy, Founder of Infosys; and Prasoon Joshi, CEO and CCO of McCann Worldgroup India. The speakers shared some of their personal motivations for working with the Alliance to promote the use of cleaner, more modern stoves and fuels.

“Since cooking has given me so much, what I can give back is not just quality food, but also my expertise and reach,” said ChefKapoor. “I used to think that cooking was just about food, something that could bring joy. But the trouble with it – the fact that it can kill – was an eye-opener. I didn’t want to sleep quietly with the fact that something that brings me so much joy can also kill.”

In India, over 789 million people – nearly 60 percent of the population – depend on polluting, open fires or inefficient stoves to cook their food. Nearly half a million deaths each year are linked to exposure to toxic smoke from cooking and heating.

“Research shows that using traditional stoves reduces the birth weight of a child,” noted Mr. Murthy. “If we want our children to be strong, to be healthy, to get a good education, we need to take good care of mothers. And one dimension of that is making sure they have a modern contraption for cooking.”

“I’m very passionate about energy services and how they make people’s lives better,” said Mrs. Van der Lans. “My vision is about the effective use of power. No one’s life should be limited by how they cook.It’s really important to think about the next phase of technology and innovation, and I see that opportunity here in India.”

“Where we can contribute is by telling stories,” said Mr. Joshi, whose company is working with the Alliance and other partners to implement a new behavior change campaign in Uttar Pradesh and Gujarat. “If we can inspire by telling stories of people whose lives have been transformed by clean cooking, then not only policymakers and financial institutions but people themselves will realize what a big difference clean cooking can make.”

Mr. Joshi also unveiled the new Hindi slogan for the campaign, for which the approximate English translation is, “As the smoke is disappearing, progress is appearing.” This aims to motivate people across India through the clean cooking campaign, which is a joint effort by the Alliance, Shell, Tata Trusts, McCann WorldGroup, Sambodhi, Nexleaf Analytics, DharmaLife, and SEWA.

The discussion was followed by a cooking demonstration by Chef Kapoor, who prepared a variety of dishes using several of the clean cooking technologies exhibited. The demonstration included products by Greenway Appliances, Envirofit, Wonder Chef, Hindustan Petroleum Corporation Ltd., and the Indian Institute of TechnologyBombay, representing technologies powered by solar energy, electric induction, liquified petroleum gas, charcoal, and wood.









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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...