Author: Arnab Mondal

Time and tide wait for ‘some’; how much ever twisted an overstatement it may sound, true it is as much as the original metaphorical proverb when an otherwise non-descript man makes his dream true with sheer grit and determination. This is the incredible story of Jayesh Shah, Founder, Chairman and Managing Director of Sonam Clock Limited, who braved untimely odds in entrepreneurship, took timely decisions and gradually formed one of India’s largest corporate clock companies. Since its inception in 1996, M/s Vimal Enterprises, now known as Sonam Quartz or Sonam Clock Limited (SCL), has become a driving force in…

India is a relatively open economy with overall trade accounting for 40% of GDP. Its exports have diversified in terms of markets as well as products in the last twenty years, with Indian exports having gradually found their way into new markets, and the export sector leading in high-value products such as machinery, automobiles and petroleum products. India has traditionally looked favourably on trading agreements such as Free Trade Agreements (FTAs) and Comprehensive Economic Partnership Agreements (CEPAs). FTAs are agreements between two international economies (usually countries) to form free-trade areas between them, achieved by reducing tariffs and duties. India has…

Who dont know the famous advertisement jingle of late nineties “Give Me Red” by Eveready Batteries. The man behind, Veteran industrialist Brij Mohan Khaitan, popularly known as Briju Babu, famous for his business acquisitions, passed away on 1st of June 2019. B M Khaitan was the Chairman of Eveready Industries, one of Khaitan Group’s flagships and the largest dry cell battery-maker in India. He had resigned but had been shortly re-appointed Chairman Emeritus. He was also the chairman of Williamson Magor, which he rescued from extinction and restored into a mighty firm. He also led Mcnally Bharat Engineering and Kilburn Engineering, apart from…

In 2014, the Government of India took a leap forward by announcing the ‘Make in India’ initiative; its primary objective was to turn India into a global manufacturing hub of eco-friendly, high-quality products (with ‘zero defect’ and ‘zero effect’). The reaction to this initiative was positive: there was a 44% increase in FDI equity inflows, as several industrialists across the world responded favourably. Among them was Rajendra Kumar Joshi, supported by his wife Ursula Joshi. Rajendra Kumar Joshi is an eminent scientist, scholar, philanthropist and entrepreneur who devoted his life to science and skill development. Rajendra Kumar Joshi was born…

On 11 May India lost one of its jewels who steered a tobacco company to become a world famous Indian conglomerate ITC Limited. Yogesh Chander Deveshwar, the chairman of ITC Limited, breathed his last, aged 72, on 11 May after losing his battle with cancer. But what he has left from his incredible journey in the Indian business circle is a rich legacy of business acumen and leadership that will inspire countless in umpteen ways forever. Deveshwar was the stalwart who changed the face of ITC Limited from being a cigarette manufacturer to a multinational conglomerate with interests in multifarious…

Taking the mantle of EMAG India this January, Mr. G D Patil had a challenging task to initiate his journey. How to expand the growth of EMAG in India when the traditional automotive market is not doing great. He brought in a five year plan, made plans to enter into unexplored industry verticals, and he started steering its growth from the recently concluded IMTEX 2019 at Bengaluru. In an exclusive interaction with Machine Maker, he talks about EMAG and his future plans. EMAG India Private Limited, is a part of Germany based EMAG GmbH, a global leader in advanced equipment and…

Established in 1960, AMAPLAST, a member of CONFINDUSTRIA, is a no-profit association which represents around 170 companies. After a record-setting 2017- with double-digit growth in all indicators- the year-end results for 2018, despite being relatively modest, continue the positive trend. Production has grown modestly by 0.6%, while at -1.5%, exports have declined only slightly. In an exclusive interaction with Machine Maker, prior to the Brand Italy for Indian Manufacturing special edition, AMAPLAST President Alessandro Grassi, talks exclusively about the organization, and how the member organizations are contributing to the Indian Manufacturing. Slowdown in Exports Imports and the domestic market have grown…