Tuesday, March 21, 2023

 


THE ART OF INDIA EXHIBITION BRINGS TOGETHER MORE THAN 100 INDIAN ARTISTS BY SHOWING A COLLECTION OF OVER 200 WORKS ON THE THEME OF 'INCLUSION & DIVERSITY'


19th March, 2023 in Mumbai- India’s thriving art world is growing fast—and the strength of Indian art is growing rapidly, adding to its growth, The Art of India exhibition, brings together 150 Indian artists in an effort to make art more democratic and accessible by showing a collection of over 200 works on the theme of 'Inclusion & Diversity' at Snowball Studios, Worli – Mumbai. This is the second iteration of the exhibition, which includes a variety of art forms created by some of the most prominent modern Indian artists from both home and abroad. It showcases creative expressions of artistic proficiency and imaginative concepts. Painting, drawing, printmaking, sculpture, ceramics, photography, video, digital and mixed-media works, are examples of several artworks that are displayed to make this into a magnum opus.

Guests who presented for the art exhibition were - Vidya Balan, Aditya Roy Kapur, Deepshikha Nagpal, Arjumman Mughal, Inika Datta, Manu Parekh, Madhvi Parekh, Deepa Parekh, Prashant Virendra Sharma, Shwetaa Khanduri, Shanthi Priya, Munisha Khatwani, Rohit Verma, Hansa Singh, Gwen, Sangeeta Wadhwani, Anshita Asnani, Jugnu Ishiqui and many more.


Works by celebrated artists like Manu Parekh, Satish Gupta, Sujata Bajaj, Jaideep Mehrotra, Lalitha Lajmi, Naynaa Kanodia, Sudip Roy, Jayasri Burman, Paresh Maity, Jatin Das, Rekha Rodwittiya, Surendran Nair, Rini Dhumal, Akbar Padamsee, Ambadas, CN Karunakaran, Jeram Patel, Jai Zharotia, Prabhakar Barwe, Rabin Mondal, Ram Kumar, Vasant Wankhede, KG Subramanyan, Laxma Goud, Himmat Shah, Krishen Khanna, Jin Sook Shinde, Subhash Awchat, Seema Kohli, GR Iranna, Sheetal Gattani, Bose Krishnamachari, Mahirwan Mamtani, Shuvaprasanna, Shipra Bhattacharya,  Vrindavan Solanki, Shola, Gurcharan Singh, Dileep Sharma, Laxman Aelay, Thota Vaikuntham, KS Radhakrishnan, Ajay De, Revati Sharma Singh, Vinita Karim, Shivani Dugar, Sushma Jain, Puja Kshatriya, Jenny Bhatt, Kiyomi Talaulicar, Heeral Trivedi, Arunanshu Chowdhury, Kanchan Chander, Jaya Lamba, Birender Yadav, Prof Shivnath Ram, Dipti Pandey, Tejswini Sonawane, Arzan Khambatta, Suresh Muthukulam, Chitravano Mazumdar, Dharmanarayan Dasgupta, Ganesh Haloi, Jogen Chowdhury, Lalu Prasad Shaw, Mrityunjaya Mondal, Prokash Kormarkar, Rabin Mondal, Ramanando Bandhopadhya, Sanat Kar, Samir Mondal, Sanjay Bhattacharya, Shipra Bhattacharya, Shuvaprasanna, Shyamal Datta Ray, Suhas Roy, Naval Jijina and many more will be exhibited at the exhibition.


The edition is curated by Dr Tarana Khubchandani, Director of Gallery Art & Soul, and mentored by artist Brinda Miller. With Inclusion & Diversity as its theme, the second edition of The Art of India is a relevant, unique amalgamation of some of the best works from different regions of the country.




*Director of Gallery Art & Soul, Dr Tarana Khubchandani says “We are thankful to the generous artist community that came together for Art of India in such an overwhelming response, trusting us with several works made specifically for the event. With paintings, sculptural works in different media, hand woven art carpets, video projections, 3D walkthroughs and an array of workshops, the Art of India brings Indian art centrestage on the cultural landscape and is an opportunity for an art lover of every genre to connect and collect.”



Mentor & Artist Brinda Miller says “One of our aims is to spread art awareness all over the Indian subcontinent, through specially curated exhibitions of artworks of multiple genres. Additionally, my creative interests in all forms of the arts have led me to play a diverse and inclusive role as Advisor and Mentor in this edition of the Art of India. Our joint efforts begin with two mega shows in Mumbai and Delhi. It is here that we hope to bring together art lovers, connoisseurs and artists alike.”




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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...