Kartik Daftari of Hi-Tech Radiators Honored as MSME CEO of the Year by MSME Chamber of Commerce and Industry of India
NewsVoir
Mumbai (Maharashtra) [India], May 20: Hi-Tech Radiators, a global leader in the manufacturing of transformer radiators and tanks, has been awarded the prestigious MSME Best CEO Business Excellence Award by MSME Chamber of commerce and Industry of India. The grand ceremony took place at, Vigyan Bhavan, Rajpath, Central Secretariat, New Delhi, where industry leaders and achievers were recognized for their exceptional contributions.
Kartik Daftari, CEO, Hi-Tech Radiators Pvt Ltd, was conferred with the CEO of the Year award in recognition of his visionary leadership, strategic acumen, and unmatched commitment to innovation and operational excellence. Under his leadership, the company has witnessed steady growth and created new standards in the manufacturing industry.
The Best MSME CEO of the Year award to Kartik Daftari echoes Hi-Tech Radiators Pvt. Ltd.'s strong commitment to purpose driven leadership.
Expressing his gratitude, Kartik Daftari, CEO, Hi-Tech Radiators expressed, "I am truly humbled to receive this honor. This is not only a personal achievement, but also an acknowledgement of the sheer hard work and commitment of every member of the Hi-Tech Radiators team. Our pursuit for sustainable growth, innovation, and contributing positively to the progress of the nation will always remain at the core of our company's ethos. I sincerely thank the MSME Chamber of Commerce and Industry of India for this distinction and to all the people who keep supporting our quest for excellence."
Founded in 1989, Hi-Tech Radiators Pvt. Ltd. is a leading pioneer in the transformer radiator and distribution tank industry. The company continues to enhance its manufacturing capabilities through significant investments in advanced machinery, state-of-the-art equipment, and cutting-edge technologies. These new investments have enabled the company to offer its products with reduced lead times, further improving efficiency and customer satisfaction.
Furthermore, to offer high quality products, Hi-Tech Radiators has developed a robust internal cleaning and coating process for radiators, further establishing their reputation as an innovative and quality-driven organization in the industry. Additionally, the company operates its own HDG facility, providing it with operational flexibility to effectively meet the diverse needs of its customers.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Standard
4 days ago
- Business Standard
Flipkart Unveils Annual Beauty Trends Report with NielsenIQ at Glam Up Fest 2025
NewsVoir Mumbai (Maharashtra) [India], June 7: Flipkart, India's homegrown e-commerce marketplace, unveiled its inaugural Glam Up Annual Beauty Trends Report at the flagship Glam Up Fest 2025, offering exclusive insights into the fast-evolving beauty preferences of Indian consumers. Launched in partnership with Nielsen IQ, the report showcases how Flipkart is pioneering India's Next Billion-Dollar beauty boom. The report explores how evolving consumer preferences, rising affluence, and growing demand across new regions are fueling India's beauty boom, with trends like skinimalism and SPF rituals making beauty more personal, science-led, and socially influenced. The report highlights the growing preference for premium quality products, with over 5 beauty essentials sold every second on the platform across haircare, makeup, and skincare. Over 148 million beauty products were sold on Flipkart in 2024, spotlighting Flipkart's role in strengthening the online beauty revolution in India and continuing to cater to the shifting consumer attitudes towards beauty. Gen Z is leading the beauty revolution, reshaping their routines with a clear focus on active ingredients, simplified steps, and inspiration that starts with social media and creators. Their presence in the online beauty and personal care space is expected to increase from 40% in 2024 to 47% by 2030. Searches for niacinamide, ceramides, and other science-led activities continue to rise. Viral trends like glazed donut skin, and slugging reflect a move towards hydration-first, result-driven routines. Beauty in 2025 is no longer just about products, it is about intentional choices shaped by conscious consumers and creator-led influence. Commenting on the launch, Manjari Singhal, Head of Business, Cleartrip, FMCG, and General Merchandise, Flipkart, said, "The beauty landscape in India is in the midst of a vibrant transformation, and no one is driving it more than GenZs. Their evolving preferences, digital fluency, and expressive approach to beauty are reshaping the industry as we know it. At Flipkart, we've always believed in staying close to the consumer. The Glam Up Trends Report is a reflection of that belief, an effort to listen, understand, and anticipate what beauty means to the next generation. This report is the result of a deep, collaborative effort between Flipkart and NielsenIQ teams." Priyanka Bhargav, Senior Director, Research & Insights, Flipkart, said, "Beauty today is bold, expressive, and constantly evolving and no one captures that spirit quite like Gen Z. Whether it's their focus on skin health, passion for active ingredients, love for nostalgic aesthetics, or embrace of hybrid formats, they're redefining the beauty playbook. The Glam Up Trends Report helps decode this dynamic shift. With rich data, real consumer voices, and cultural context, it highlights what's truly resonating. Trends like Hydration Daze, Scientific Obsession, kiSKIN, and Cherry Cherry Lady go beyond surface appeal, they reflect how young India is engaging with beauty in deeper, more expressive ways. This report is the result of a thoughtful collaboration between the Flipkart Insights Team, the beauty and personal Care team, and our intelligence partner, NielsenIQ. We hope it sparks fresh thinking, challenges conventions, and inspires the next wave of beauty innovation." Key Trends: * Skin-First Beauty Becomes the Default: The foundation of beauty is now skincare. Minimalist routines with hydration and barrier repair are dominating both shopping carts and social feeds. Flipkart recorded a 120% spike in gel moisturisers and over 80% growth in face serums, while face wash sales rose 123% year-on-year. Shoppers are prioritising lean formulations with active ingredients such as salicylic acid, niacinamide, and vitamin C, choosing to treat rather than cover. K-beauty products continue to surge in popularity, with sheet masks, snail mucin serums, and hydrating essences seeing over 90% growth year-on-year, reflecting a growing appetite for globally trending skincare routines. * Scientific Obsession & Hydration Daze: Beauty routines are increasingly rooted in science. Consumers seek efficacy and transparency, gravitating toward ingredient-first formulations like powder cleansers, dew boosters, and barrier-repair creams. 62% of Gen Z search for beauty by ingredients, not brands. Face creams and gels rose 1.4x YoY, and niacinamide searches surged ~70%, underscoring the rising preference for hydration-focused, evidence-backed skincare. * Hair Game Strong: Hair rituals on Flipkart are redefined, with shoppers moving from traditional oils to performance-driven solutions rooted in science. The demand for peptide-powered serums, K-gloss treatments, rice water-infused rinses, and scalp-balancing treatments has accelerated, reflecting a clear shift toward targeted, ingredient-led care. Flipkart witnessed a 2x growth in sales of hair serum, and searches for scalp-related concerns, like dandruff serums and itch-relief treatments, have grown by over 85%. This signals a new consumer mindset of haircare should be as intentional and effective as skincare, lightweight, functional, and focused on long-term scalp and strand health. * Scent-sational: Fragrance as a Daily Ritual of Self-Expression: Fragrance on Flipkart has transformed from an occasional indulgence to a daily ritual of identity and mood-setting. Consumers are embracing "smellmaxxing", layering mists, roll-ons, and perfumes to create personalised scent profiles that reflect their personality and routine. Flipkart recorded a 2.2x growth in overall fragrance sales in Q1'25 vs Q1'24, with searches for attars alone increasing by 2.5x, signalling renewed interest in culturally rooted, artisanal scents. Gourmand notes inspired by desserts like marshmallow, pistachio, and brown sugar are trending across social channels, especially among younger shoppers. Fragrance today is about more than just smelling good; it's about self-expression, emotional connection, and everyday wearability. * Cherry Cherry Lady - Makeup That Does More: Makeup on Flipkart is getting smarter, with functional beauty leading the way. Consumers are choosing hybrid formats that deliver both colour and care. Lip oils, SPF-infused tints, and barrier-friendly blush sticks are replacing traditional, single-purpose products. Shoppers are looking for fewer steps and more benefits, favouring products that adapt to their fast-paced, skin-conscious routines. Gloss-forward lip products continue to gain momentum, while searches for Surma-inspired eye looks have surged 33x in Q1'25 vs Q1'24, reflecting a blend of modern utility and cultural revival. Today's makeup is not just about aesthetics, it's about ease, efficacy, and everyday relevance * Sun-In & Stunning: SPF is no longer optional. Daily protection has become a routine essential, with portable sunscreen sticks and gels supporting reapplication habits. Sunscreen sales doubled, and searches for SPF-related products rose by 76% YoY, indicating that sun protection is now seen as both a health and aesthetic necessity * Korean Street: The K-Beauty Effect: Korean beauty continues to shape Indian skincare. Products like skin blur serums, serum-infused glow boosters, and mini "skintellectual snacking" formats are seeing rapid adoption. Searches for Korean beauty grew ~81% YoY, making it one of the fastest-rising segments on Flipkart. * From Plains to Peaks, Beauty Speaks: Regional beauty needs are becoming increasingly important. Variations in air quality, water hardness, humidity, and diet are influencing skin and hair concerns across India. Flipkart is addressing these micro-needs with tailored assortments, especially in Tier 2+ cities, to serve a broader spectrum of Indian consumers The Indian beauty landscape is undergoing a transformation, and Gen Z is at the center of it. With their digital fluency and trend-first mindset, this generation is redefining how beauty is discovered, chosen, and celebrated. Flipkart, through its annual flagship events like Glam Up Fest 2025, is bringing together deep consumer insights, wide reach, and strong partnerships to lead this shift, bridging the gap between global innovation and local access, to help redefine beauty for the next generation of Indian consumers. The Flipkart Group is one of India's leading digital commerce entities and includes group companies Flipkart, Myntra, Flipkart Wholesale, Cleartrip and Established in 2007, Flipkart has enabled millions of sellers, merchants, and small businesses to participate in India's digital commerce revolution. With a registered user base of more than 500 million, Flipkart's marketplace offers over 150 million products across 80+ categories. Today, there are over 1.4 million sellers on the platform, including Shopsy sellers. With a focus on empowering and delighting every Indian by delivering value through technology and innovation, Flipkart has created thousands of jobs in the ecosystem while empowering generations of entrepreneurs and MSMEs. Flipkart has pioneered services such as Cash on Delivery, No Cost EMI, Easy Returns, and UPI. These customer-centric innovations focus on enhancing digital payment offerings for all customers while making online shopping more accessible and affordable for millions of Indians.
India.com
5 days ago
- India.com
This stock surges 7 per cent post 'buy' rating by SBI Securities: Details here
इंवेस्टमेंट से पहले रिस्क को जांच लें Shares of BSE smallcap demonstrated resilience in the face of market fluctuations, gaining over 8 per cent on Friday as the market rebounded following Reserve Bank of India's decision to cut repo rate by 50 basis points (bps) to 5.50 per cent. The stock, which started the session at Rs 97.83, saw a further gain to touch the high of Rs 103.94 – a jump of 8.02 per cent from the closing price of the last trading session. This resilience is a testament to the company's strong position in the market. On the NSE, the stock started the session at Rs 97 and touched a high of 103.90. The 52-week high of the stock is Rs 210.85, hit on September 23, 2024. The 52-week low of the counter is Rs 84.80. The market cap of the company is Rs 2,055 crore. Meanwhile, SBI Securities has reiterated its 'Buy' rating on Hi-Tech Pipes, assigning a revised target price of Rs 138 -an upside potential of 43.4 percent from the current market price of Rs 96.2. Quarterly Results It had recorded a net profit of Rs 11.12 crore in the January-March quarter of 2023-24, the company said in an exchange filing. This was a significant increase from the previous quarter, indicating a positive trend in the company's financial performance. The company's total income increased to Rs 733.75 crore from Rs 680.75 crore a year ago. Sales volume increased 8 per cent to 1,16,032 MT from 1,07,721 MT in Q4 FY24, reflecting higher demand. For the entire FY25, the company's net profit surged impressively, rising 66 per cent to Rs 72.95 crore against Rs 43.93 crore in FY24. Revenues during the year also saw a healthy growth, increasing by 14 per cent to Rs 3,068 crore from Rs 2,699 crore, supported by record sales volumes. This robust financial performance is a testament to the company's strength and potential. Hi-Tech Pipes owns and operates six integrated manufacturing facilities in Uttar Pradesh, Gujarat, Andhra Pradesh and Maharashtra, having a combined installed capacity of 7,50,000 metric tonnes (MT) per annum. Despite recent corrections, the counter has delivered a remarkable return of 107 per cent to its investors over the past three years. This long-term growth trajectory, coupled with the company's strong financials, instills optimism about its future performance among investors. With PTI inputs
Business Standard
03-06-2025
- Business Standard
Could Your Design Land You an All-Expenses-Paid Trip to Taipei
NewsVoir Mumbai (Maharashtra) [India], June 3: Real Leather. Stay Different. (RLSD), the global campaign driving sustainable innovation in fashion, has just announced something huge: For the first time ever, the RLSD International Student Design Competition final is hitting Taipei - Asia's buzzing epicentre of fashion, culture and cutting-edge creativity. Following fantastic events in the fashion capitals of London and Milan, RLSD has now set its sights eastward and will be landing in the heart of Taipei at the renowned AMBI SPACE ONE, Taiwan's first intelligent, fully immersive venue located in the iconic Taipei 101 skyscraper. And you could be there too. Imagine this: Four exceptional finalists - category winners from Apparel, Footwear, Accessories, the People's Choice, plus the newly crowned RLSD Taiwan overall winner - will experience an all-expenses-paid trip to Taiwan. You'll present your designs live, to our influential judging panel that includes Kora Hsieh (Editor-in-Chief, Harper's BAZAAR Taiwan), Yu Lee (Taiwanese fashion influencer), Christopher Koerber (Managing Director, Hugo Boss), Adrien Roberts (International fashion education consultant) and Mike Adler (International celebrity stylist). The final and awards night will unfold over two unforgettable days (27-28 October 2025). Finalists will also get to explore Taipei's Eastern District (Xinyi District), the heartbeat of street style and boundary-pushing individuality. This vibrant neighbourhood reflects the RLSD spirit - merging traditional Taiwanese craftsmanship with futuristic, catwalk-ready innovation that sets Taipei apart. Mike Adler, Celebrity Stylist and RLSD judge, says, "Bringing RLSD to Taipei is incredibly exciting! This is a chance for young designers to shine in one of Asia's most vibrant fashion cities - well known for their unique street style of nonconformist, avant-guard looks. If you're passionate about designing a sustainable future and ready to seize a life-changing opportunity, enter now. Taipei awaits you!" Yu Lee, Taiwanese fashion influencer, added, "It's exciting to see the RLSD international finals held in Taiwan for the first time. Year after year, local designers have brought thoughtful, boundary-pushing work to the competition. This is their moment to be seen on home ground, and it's a powerful sign of the creative energy growing in this part of the world." Each finalist's winning design will feature in the prestigious RLSD Capsule Collection, touring globally at major events. Finalists will also benefit from extensive publicity linked to the competition. Enter today: The RLSD competition is open to current fashion students and graduates from 2023 or 2024. Designs must feature at least 50% cattle hide leather in Apparel, Footwear or Accessories categories. Don't miss your chance! Entries close at 11:59 pm (BST), 30 June 2025. Enter now at: Real Leather. Stay Different. is a global campaign that has reached some 750 million people and hundreds of thousands of students. It makes the case for leather (and other natural materials) and for making the best use of society's waste, particularly the hides that are the by-products of the dairy and meat industries, before looking to the petrochemical industries for manmade materials. Flexible and durable, leather is the natural alternative to fast fashion. Arts Thread is the world's leading digital platform for emerging artists & designers and a launchpad for the next generation of creative talent. Arts Thread has built relationships with over 950 creative institutions connecting to over 400,000 students in approximately 130 countries, partnering with leading brands, organisations, events, media to help launch the next generation of creative talent globally.
