Showing posts with label Taaza Plaza in Maharashtra.. Show all posts
Showing posts with label Taaza Plaza in Maharashtra.. Show all posts

Friday, October 18, 2013

Taaza Plaza in Maharashtra.

Greetings!



Please find below the release on the Launch of Taaza Plaza in Maharashtra. Also attached is the Marathi release and the pictures for your reference.

The photo caption is as follows:
Photo 1
On the launch of Taaza Plaza, Shri Radhakrishna Eknathrao Vikhe Patil, Hon. Minister for  Agriculture and Marketing, Additional Chief Secretary Dr. S.K. Goel, Ms. Sharmila Banerjee, Founder, ED and CEO, Taaza Plaza and Amith Aggarwal, Promoter & Director, Taaza Plaza and Co-Founder and Executive Director, StarAgri Collateral Management Limited addressing the media
Photo 2
On the launch of Taaza Plaza, Shri Radhakrishna Eknathrao Vikhe Patil, Hon. Minister for  Agriculture and Marketing, Additional Chief Secretary Dr. S.K. Goel, Ms. Sharmila Banerjee, Founder, ED and CEO, Taaza Plaza and Amith Aggarwal, Promoter & Director, Taaza Plaza and Co-Founder and Executive Director, StarAgri Collateral Management Limited inaugurate the Taaza Plaza van


Taaza Plaza launched in Maharashtra
Unique initiative to bridge gap between farmers and the end consumers launched

-          Sourcing from local farmers will result in fresh produce being made available to consumers
-          Local farmers to get better price for their produce by selling directly to company representatives
-          Over 250 “Taaza Plaza” vans to be launched all over Maharashtra in the next 24 months

Mumbai, October 9, 2013: Taaza Plaza, a unique ‘retail store on wheels’ concept was launched in Mumbai on Wednesday by Shri Radhakrishna Eknathrao Vikhe Patil, Hon. Minister for  Agriculture and Marketing. 

Taaza Plaza is a Public Private Partnership (PPP) between Star Agriwarehousing & Collateral Management Ltd. (StarAgri) along with Fuzion Inc. Pvt. Ltd. (Fuzion) and the Maharashtra State Agriculture Marketing Board (MSAMB). It is built on the model of sourcing directly from farmer groups across agri-states and making fresh produce available to the end consumer by bypassing intermediaries.

Each state-of-the-art van is designed keeping in mind Indian weather conditions where vegetables, fruits and other FMCG products are stored in a smart climate controlled mobile environment. The “retail on wheels” shops visit housing societies and similar busy intersections where common people like homemakers can buy their daily produce without actually travelling to a super-market. The brand promises Convenience and Purity (freshness) at competitive prices.

In the next 24 months the company plans to launch a total of over 250 Taaza Plaza vans across the state. Currently the mobile retail vans serve Mumbai, Thane and Navi Mumbai, including Virar, Vashi, Panvel, Nerul and Dombivali.

Inaugurating the initiative, Shri Radhakrishna Eknathrao Vikhe Patil, Hon. Minister for  Agriculture and Marketing said, “The Maharashtra Government is committed to the welfare our farmer brethren and we believe a direct sourcing model will benefit them. With the rising prices of essential foods, especially vegetables and fruits, it is our endeavour to keep prices under control. Thus, consumers get their daily needs and farmers get best price realisation. We look forward to making Maharashtra one of most competitive and farmer friendly agri-states.”

Additional Chief Secretary Dr. S.K. Goel said, “Public Private Partnerships like Taaza Plaza is the way forward to create a ‘win-win’ model that is inclusive and not only empowers our farmers but also helps customers get fresh food at great prices. In Mumbai this unique concept will bring the retail store to your doorstep. MSAMB will facilitate ideas like this which help our farmers gain economic prosperity.”

Ms. Sharmila Banerjee, Founder, ED and CEO, Taaza Plaza said, “First, we would like to thank Shri Radhakrishna Eknathrao Vikhe Patil, Hon. Minister for Agriculture and Marketing for blessing the idea that is today called Taaza Plaza. Without the support of the state government, MSAMB and other local authorities, it would not have been possible to launch this project. Our business model will help in stabilising prices of daily commodities in the long run. Partnering farmers to create a transparent and honest business model is a key to the success of our business. We look forward to growing into a pan India brand servicing customers across various states in the next 36 months. Through Taaza Plaza, we aim to create a robust supply chain of fruits, vegetables and commodities through mobile vans and to bring our products and services at the doorsteps of the customer at fair prices across the nation.”

Amith Aggarwal, Promoter & Director, Taaza Plaza and Co-Founder and Executive Director, StarAgri Collateral Management Limited, said, “It is a matter of great pride that we have launched Taaza Plaza successfully. StarAgri has traditionally worked with farmer communities and has deep understanding of the backend postharvest agri-needs. Thus, StarAgri promoted this unique project whereby produce from the farmers will be directly sourced and made available to the end consumer, the homemaker, at her door step. Our core belief of removing agri-inefficiencies, improving the economic health of the farmer and ultimately contributing to India’s food security is well served here.”
+++
For further information, please visit www.taazaplaza.com or contact:

Archana Pradan, Ketchum Sampark
Archana.pradhan@ketchumsampark.com  Mobile: + 91 9820330505

Vivek Khanduja, Head – Strategy, Taaza Plaza
vivek.khanduja@staragri.com    Mobile: + 91 7498769612

The photo caption is as follows:
Photo 1
On the launch of Taaza Plaza, Shri Radhakrishna Eknathrao Vikhe Patil, Hon. Minister for  Agriculture and Marketing, Additional Chief Secretary Dr. S.K. Goel,Ms. Sharmila Banerjee, Founder, ED and CEO, Taaza Plaza and Amith Aggarwal, Promoter & Director, Taaza Plaza and Co-Founder and Executive Director, StarAgri Collateral Management Limited addressing the media
Photo 2
On the launch of Taaza Plaza, Shri Radhakrishna Eknathrao Vikhe Patil, Hon. Minister for  Agriculture and Marketing, Additional Chief Secretary Dr. S.K. Goel,Ms. Sharmila Banerjee, Founder, ED and CEO, Taaza Plaza and Amith Aggarwal, Promoter & Director, Taaza Plaza and Co-Founder and Executive Director, StarAgri Collateral Management Limited inaugurate the Taaza Plaza van

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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...