Friday, December 27, 2019

Press Release - ICICI Academy for Skills trains over 3,500 women in Lucknow.




ICICI Academy for Skills trains ovICICI Academy for Skills (ICICI Academy) is an institute set up by the ICICI Foundation for Inclusive Growth (ICICI Foundation) to provide free vocational training to the youth from economically weaker sections to help them earn a sustainable livelihood.

ICICI Academy centre at Lucknow imparts free skill training to less privileged women. This centre offers a course on ‘Office Administration’ which is of three months’ duration. Female candidates who have completed education of at least 10th standard and are between 18-30 years of age can apply for this course.

Established on May 12, 2015, this centre in Lucknow has trained over 3,500 women till date. It has tied up with Tally Solutions as its knowledge partner to help set up course content for providing training to the candidates. It has also tied up with industry partners to provide employment opportunities to the female students after successful completion of their training. Renowned industry partners like Aditya Birla Capital, Axis Bank, Bajaj Finserv, Bajaj Capital, Bandhan Bank, Reliance Trendz, Shoppers Stop, Spencers, Swiggy and Utkarsh Small Finance Bank among others have recruited trainees from the academy at Lucknow. At present, there are 201 students undergoing training at the centre.

Speaking about ICICI Academy, Mr. Saurabh Singh, President - ICICI Foundation for Inclusive Growth said, “We set up ICICI Academy for Skills in Lucknow in 2015 with a view to provide vocational training to the less privileged women so that they could earn a sustainable livelihood. The centre at Lucknow has provided free-of-cost training to over 3,500 female candidates so far. A significant achievement of this programme is that 100% of these young women who opted for job placement found suitable employment with various organisations.”

Since its inception in October 2013, ICICI Academy has set up 25 centres across the country and has trained over 1.27 lakh people of which over 48,700 are women. It aims to provide relevant and practical training to the underprivileged youth in 12 disciplines, namely: Selling Skills, Office Administration, Electrical & Home Appliance Repair, Refrigeration & Air Conditioning Repair, Central Air Conditioning, Pumps & Motor Repair, Paint Application Techniques, Tractor Mechanic, Two & Three Wheeler Service Technician, Retail Sales, Assistant Beauty Therapist and Home Health Aide. All the students are also trained in specific life skills such as etiquette & grooming, communication, basics about computer and financial literacy which helps them adapt to an organised work environment. In addition to training, ICICI Academy provides uniforms, meal and all relevant course material to the trainees.

ICICI Academy reaches out to target segments through multiple channels depending on relevance in a particular geography. This includes conducting awareness programs in communities, arranging youth counselling sessions in various parts of the state, taking the help of the state government to mobilise candidates, taking help from NGOs, evaluating referrals and walk-in candidates as well as references from employers.er 3,500 women in Lucknow

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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...