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Jupiter Infomedia launches India’s First News Portal covering listed SMEs -JimSMEnews.com

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Jupiter Infomedia Limited, a Proficient Business Solutions Company and “Knowledge Hub for Empowering Indian SMEs”, has launched its business news portal JimSMEnews.com, entirely focussed on covering Indian SMEs listed in NSE and BSE. The portal has been meticulously conceptualised to effectively ease information challenges that investors and market researchers face on a daily basis. With the rising number of listed SMEs and demand for genuine information, it becomes a virtual challenge to stay informed about all the developments taking place in Indian SME market. JimSMEnews.com stands as a single biggest information gateway for Indian SMEs and Investors seeking reliable and unbiased news on listed SMEs. The portal will be live tracking 500+ listed companies in BSE and NSE.
JimSMEnews.com will cover complete insight of Indian SME market related to SME equity, company listings, mergers & acquisitions, financials, new launches, awards & recognition, achievements and updates on oth…

ICE Make conducts Seminar on applications of cooling systems

Ice Make Refrigeration Limited (Ice Make), one of the leading manufacturer & supplier of cooling solutions equipment, held a two days seminar for merchant dealers, traders & associates on the various applications of refrigeration and cooling systems in the city at the ICE Make premises. The extensive seminar apart from covering various topics of interests and subjects, discussions about the future outlook of refrigeration industry, best practices, successful & motivational stories, also included plant visit, educational and learning session on the new technology, products and installation procedures, awards & rewards program among others. The company as a mark of goodwill gesture and token of appreciation presented mementos and certificates tothese super dealers and associates who participated in large numbers.
Among the key speakers at the event Dr. A.J. Pandya and Mr. V.K. Ghoda spoke extensively on the applications of refrigeration in dairy industry while Mr. Chanda…

Jupiter Infomedia launches India’s First Complete B2B Directory

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Jupiter Infomedia Ltd, a Web-Infomedia Company has published the first edition of “All India Directory of Printing & Packaging Industry” with an aim to offer an all inclusive sourcing tool to bulk buyers in India. The Directory features over 10,000 manufacturers in over 500 product categories and is available in Print and Digital versions.
Mr Umesh Modi, Chairman and Managing Director, Jupiter Infomedia said “This is a significant initiative by JimTrade.com after the remarkable success of launching “Directory of Industrial Products (Maharashtra)” which featured 10,000 manufacturers in over 3,500 product categories. This new Directory has the most exhaustive pan-India B2B sourcing database for Volume Buyers in Print & Digital edition. JimTrade.com, which is India’s largest Business Directory with a database of over 5,00,000 product profiles featured under 21,000 product categories, has launched these B2B Directories in both Digital Software format and Print version”
JimTrade.com…

Patel among the top Entrepreneurs of Gujarat 2019

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Ahmedabad based business tycoon Mr Chandrakant Patel, Chairman and Managing Director of Ice Make Refrigeration Ltd has been featured as one of the top “Entrepreneurs of Gujarat 2019” in a special edition & exclusive coffee table book “Estrellas”, published byDivya Bhasker, one of the leading Gujarati daily news publication.
Mr Patel, a first generation Entrepreneur, is the founding member and promoter director of Ice Make Refrigeration Limited, one of the leading manufacturer & supplier of cooling solutions products and equipments in India.
Commenting on the recognition he said “It’s a great moment for all of us at ICE Make to have got this personal accolade. This has come truly at a time when the Company is at the cusp of accelerated growth and consistently delivering strong performance and stakeholder’s value. As a fast emerging company Ice Make has established strong credentials in the market among our clients, customers and industry peers. The culture within the organizati…

India needs to save Rs l lakh crore to make agriculture and allied activities lucrative

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“The govt. needs to direct 10-15% budgetary allocation towards storage of produce and cold chain logistic” Mr Chandrakant Patel, CMD, Ice Make Refrigeration Limited urged the Finance Minister Mrs Nirmala Sitharaman to direct at least 10-15% of the budgetary allocation towards developing an effective ecosystem for proper storage of produce and cold chain infrastructure. India is short by 25 million tonnes of cold storage capacity and over 60,000 refrigerated trucks and there is an urgent need to fill this huge capacity gap.
He says “The government needs to do a lot more to fuel agricultural growth and treat the root cause behind India’s poverty and urban rural divide. The main challenge is providing skills and economic opportunity to rural India.  India needs to save nearly Rs l lakh crore of nation’s money which is lost due to wastage of produce, by building proper storage capacities.  Proper storage facilities can help agriculture and allied activities be lucrative and encourage peopl…

VASA Retail FY19 Net profit rises 173 %

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Total revenue up 128% to Rs. 38.96 cr. BOD Recommends 2.5% Dividend of Rs. 0.25 per equity share of Rs 10/ each
VASARetail and Overseas Ltd, engaged in the retail business, manufacturing, trading a wide range of stationeries and raw materials, has reported remarkable financial performance for the financial year ended March 31, 2019 and the second half of FY19. The total revenue for the full year FY19 rose by 128% to Rs. 38.96 Crores compared to Rs.17.08 Crores reported in the corresponding last financial year of FY18.  The Net Profit for the full year ended March 31, 2019 grew rises 173 % to Rs. 1.53 Crore compared to Rs 56 Lakhs posted in FY18.
The Company’s Total Revenue for the second half year of FY19 stood at Rs. 20.78 Cr. compared to Rs. 18.28 Cr. reported in the first half year ended 30th September 2018. The net profit for this period (H2FY19) stood at Rs. 77.88 lakhs compared to Rs. 75. 19 lakhs posted in H1 of FY19. In the fiscal year 2019 Company’s EBIDTA went up by 51.91 % YoY …

Share India Securities FY19 Net Profit rises 27% to Rs 19.45 Cr

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Total Revenue up 30% to Rs 182.53Cr
Share India Securities Ltd (SISL), a leading knowledge and technology driven financial services group, has reported strong growth in financial performance for the fiscal year ended March 31, 2019. The company’s consolidated revenue grew 30% to Rs 182.53 crores compared to Rs 140.48 crores posted in FY18.  The Company’s consolidated net profit for FY19 rose 27% to Rs 19.45 crores compared to Rs 15.35 crores posted in FY18.
The Company’s standalone revenue for FY 2019 stood at Rs 174.39 crores compared to Rs 140.3 crores reported 31 March 2018. Net profit for this period stood at Rs 17.03 Crores compared to Rs 15.51 crores reported in the corresponding half year period ended 31 March 2018. 
Commenting of the financial performance of the Company Mr Sachin Gupta, CEO, Share India Securities Ltd said, “Share India over the years has grown by following the best business practices, the asset liability management and use of technology platform which has given …

ICE MAKE FY19 Net profit rises 18.11% to Rs. 7.83Cr.

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Total revenue up 27.44% to Rs. 129.58 Cr. Recommends Final Dividend of Rs. 1.20 per equity share
Ice Make Refrigeration Limited (Ice Make), one of the leading manufacturer & supplier of cooling solutions equipment, has reported a remarkable financial performance for the financial year ended March 31, 2019 and the second half of FY19. The revenue for the full year FY19rose by 27.44% to Rs. 129.58 Cr. compared to Rs.101.68Cr. reported in the corresponding last financial year of FY18.The Net Profit for the full year ended March 31, 2019 grew 18.11% to Rs. 7.83 Cr. compared to Rs 6.63 Cr. posted in FY18.
The Company’s Total Revenue for the second half year of FY19 grew by 19.18 % to Rs. 73.20 Cr. compared to Rs. 61.42 Cr. reported in the second half year of FY18. The net profit for this period (H2FY19) rose by 15.72 % to Rs. 5.20 Cr. compared to Rs. 4.49 Cr. posted in H2 of FY18.
The Board of Directors of the Company at its meeting held on May 25, 2019 recommended final dividend of Rs. 1…

ICE MAKE’s In-House Manufacturing Plant Commissioned at Gandhinagar

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Ice Make Refrigeration Limited (Ice Make), one of the leading manufacturer & supplier of cooling solutions equipment, has commissioned its in-house manufacturing facility of condenser coil and evaporator coil at Dantali, Gandhinagar, Gujarat. The Company in December 2017 raised Rs 24 crore through initial public offer to part finance setting up this plant, backward integration to improve production efficiencies and upgradation of existing facilities at its plants in Gujarat and Tamil Nadu.

Mr Chandrakant P. Patel, Chairman and Managing Director, Ice Make Refrigeration Limited said “The condenser coils and the evaporator coils are an essential component of the condenser and evaporator respectively, which are integrated into the refrigeration equipment. The Company earlier had to procure condenser coil from the domestic market and majority of suppliers of evaporator coil from overseas. But now with the commissioning of this in-house manufacturing facility with a capacity of 45000 un…

Humming Bird Education becomes 291th Company to get listed on BSE SME

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Mumbai, March 28, 2019:  Delhi based Humming Bird Education Limited (HBEL), engaged in the business of conducting quality Olympiads and providing high priority services to large number of Schools & Students, today became 291st company to get listed on BSE SME, India’s largest SME platform. The stock which listed at Rs 132 a share surged nearly 5% to Rs 138.55 during the intraday trade. The IPO comprising of 1, 63,000 Equity Shares successfully closed on 19 March 2019 and was oversubscribed 1.35 times. The Company raised Rs 2.15 crores through the IPO which will be utilized towards working capital requirements and general corporate purposes. 
Mr. Nitesh Jain, Managing Director, Humming Bird Education Limited, said “Getting a company listed is a significant milestone for an entrepreneurial journey. We at HBEL are proud and delighted to have our company listed on the SME platform of Bombay Stock Exchange. We began our journey in 2010and in less than a decade HBEL has established itsel…

Humming Bird Education IPO fully subscribed

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The IPO ofHumming Bird Education Limited (HBEL), engaged in the business of conducting quality Olympiads and providing high priority services to large number of Schools & Students, was successfully subscribed 1.35 times and closed today. The HNI and Retail portions subscribed 1.78 and 0.90 times respectively. The Issue which was opened from 15 to 19 March 2019 on the BSE SME platform comprised 1, 63,000 Equity Shares of face value of Rs.10.00 each at a cash price of Rs.132.00 per Equity Share, aggregating up-to Rs. 215.16 lakhs. Lead Manager to the issue Mr Abhinav Gupta, President, Share India Capital Service said” Humming Bird Education with its asset light business model has huge potential for growth. The Company will be the first and only listed entity rendering quality Olympiad exam services and providing scientifically designed study material & performance analysis reports to its students and clients in over 12 countries. We are really happy with the overall demand for th…