Friday, January 17, 2020

Schindler Launches #SchindlerAhead - THE INTERNET OF ELEVATORS & ESCALATORS (IOEE)

SCHINDLER LAUNCHES #SCHINDLERAHEAD 
THE INTERNET OF ELEVATORS & ESCALATORS (IOEE) 
~Elevators And Escalators Are Changing the Game of Advertising in Today’s World~
Schindler Ahead is the new digital solution for elevators and escalators, enabling a whole range of new digital products and services. Whether you own, manage or use an elevator or escalator, you will benefit from higher uptime, thorough insights, and greater convenience.


Mumbai: Reliable mobility solutions are no longer considered a norm, but are also expected to go a step further. Schindler has been able to do that by successfully introducing ‘SCHINDLER AHEAD’, the smart IoT platform for seamless connectivity of elevators and escalators in fast-moving urban spaces for over a year. Schindler, a leading global provider of elevators, escalators and related services showcases its DIGITAL OOH ADVERTISEMENT SOLUTIONS for elevators and escalators along with ‘SCHINDLER AHEAD’. 

‘SCHINDLER AHEAD’, is the first fully digital closed-loop maintenance, emergency services, and information system. A new digital solution for elevators and escalators, enabling a whole range of new digital products and services. Whether you own, manage or use an elevator or escalator, you will benefit from higher uptime, thorough insights, and greater convenience.

‘SCHINDLER AHEAD’ connects equipment, customers, passengers with Schindler contact centers and technicians via its digital closed-loop platform where all the necessary information is shared in real-time. The new IoT connectivity solution is a crucial element of Schindler’s digital platform and enables Schindler to better monitor, analyze and leverage data generated from its elevators and escalators.

Commenting on the introduction of Schindler Ahead to the audience, Mr. Amjad Sayyed, said, “More than one billion users across the globe, rely on Schindler's mobility solutions every day. The new Internet of Elevators & Escalators (IOEE) connectivity solution is a crucial element of Schindler’s digital platform and enables Schindler to better monitor, analyze and leverage data generated from its elevators and escalators. Timely and efficient management of these assets is critical for safety and customer satisfaction. The Predix based digital platform will enable Schindler to predictively identify, analyze and resolve possible service issues before they happen, reducing and eliminating downtime. With Schindler Ahead, we are changing the way we live and move.”

ABOUT SCHINDLER AHEAD
Schindler Ahead is the world’s first fully digital closed-loop maintenance, emergency services, and information system. For more details please visit: https://www.schindler-ahead.com/

ABOUT SCHINDLER INDIA:
Founded in Switzerland in 1874, the Schindler Group is a leading global provider of elevators, escalators and related services. Its innovative and environmentally-friendly access and transit-management systems make an important contribution to mobility in urban societies. Behind the company's success are over 60,000 employees in more than 100 countries. Schindler India is a 100% owned subsidiary of Schindler Group.
“Leadership through Customer Service”, is the cornerstone of Schindler India’s growth strategy and which is evident with our service presence across 50 major cities which include our branch offices in 13 major cities in the country and is headquartered in Mumbai.


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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...