Wednesday, August 16, 2023

MIT-School of Government Extends Lifeline to Aspiring Leaders: up to 100% Scholarships for Master's in Political Leadership and Government

 MIT-School of Government Extends Lifeline to Aspiring Leaders: up to 100% Scholarships for Master's in Political Leadership and Government

 

10 Aug’23, Pune: MIT- School of Government (MIT-SOG), a constituent unit of MIT-World Peace University,  announces up to 100 % Scholarships for their esteemed Master’s Degree Programme in Political Leadership and Government (MPG). By offering scholarships, MIT-SOG aims to promote academic excellence, encourage talent, and foster an equal opportunities environment for students willing to build careers in the sphere of politics and governance. The scholarship policy is open to students enrolling in MIT-SOG's programs for the Academic Year 2023-2024, and applications will be accepted until the 31st of August.

MA in Political Leadership and Government (MPG) is a comprehensive two-year program designed to provide aspiring leaders with in-depth knowledge in various facets of political leadership, including political strategy, analysis, electoral process, functional politics, international and public relations, NGO management, media, and more. As part of the curriculum, students will have the opportunity to gain hands-on knowledge through two intensive internships, enabling them to apply their learning in real-world scenarios.

To be eligible for the course, applicants must meet the following criteria: a minimum aggregate score of 55% in a 3/4-year Graduation from a UGC-approved University or its equivalent. For candidates belonging to the backward class category in Maharashtra State, a minimum of 45% marks is required.

As part of the scholarship policy, 15% of students can earn a scholarship award of 100%, in addition to this 40% of students will be eligible for a 50% scholarship, and another 15% will qualify for a 25% scholarship. Importantly, these opportunities are supplementary to the already existing scholarships: the Dr. Vishwanath Karad Scholarship, MIT-WPU Scholarship I, and MIT-WPU Scholarship II. These scholarships are governed by the terms and conditions specified in the policy. The selection process for MIT-SOG scholarships will be based on merit and/or family income, or a combination of both, and will undergo periodic review and updates as determined by the management.

While speaking about MIT-SOG’s vision, the Executive President of MIT-World Peace University Dr. Rahul V. Karad said, “Elevating political education and sharpening the future political leadership will transform Bharat into a harmonious powerhouse leading the world. Empowering minds through progressive scholarships, we as educators must fuel the aspirations of our Bharat's future, forging a destiny woven with knowledge and opportunity.”

The program aims to enhance the learning journey by inviting distinguished guest speakers actively involved in national politics and administration. Furthermore, students will have the unique opportunity to embark on both national and international study tours, enriching their perspectives and nurturing a global outlook.

Interested students can submit their applications by visiting https://mitwpu.edu.in/programme/ma-political-leadership-and-government and seize the opportunity to be part of a transformative educational journey toward becoming influential leaders in governance and the political arena.

About MIT-WPU

With a rich legacy of 40 years in fostering world-class academic excellence and over 1,00,000+ alumni across the globe, MIT-WPU is one of the premier institutions of higher learning in India that offers over 150 programs at undergraduate, postgraduate, diploma, and PhD levels. It is also known for its prolific placements and career support provided to the students. Spread over 65 acres, MIT-WPU is equipped with state-of-the-art infrastructure and facilities. Over 8,000 students enroll every year for different courses, across the 11+ Schools & 30+ departments of MIT-WPU.

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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...