Latest news with #AMPL
Fashion Value Chain
06-08-2025
- Automotive
- Fashion Value Chain
AMPL Group – Mahindra's Largest Dealer in India – Inaugurates New Commercial Vehicle Dealership in Madurai
Group operates 138 Mahindra touchpoints in 6 states – Karnataka, Maharashtra, Andhra Pradesh, Telangana, Kerala, and Tamil Nadu With the latest CV showroom at Mattuthavani, Madurai, AMPL now operates 28 Mahindra touchpoints in Tamil Nadu Automotive Manufacturers (AMPL Group), part of one of India's largest automobile retail conglomerates, today announced the inauguration of its new Mahindra CV (Commercial Vehicle) dealership in Madurai, Tamil Nadu. The new facility was inaugurated by Mr. Thalapathi G., Honourable MLA of Madurai North constituency and other senior officials from Mahindra and AMPL Group. Automotive Manufacturers inaugurated new Mahindra Commercial Vehicle dealership in Madurai, Tamil Nadu by Mr. Thalapathi G., MLA of Madurai North constituency The latest facility, strategically located at Pandi Kovil Ring Road, Near Guru Hospital, Mattuthavani, Madurai, is designed to enhance accessibility and service for customers in the Madurai North region. It aims to serve the growing demand from the Captive and Market Load Operator segments across the region. Spread over 3,500 sq. ft., the modern facility can display up to five Mahindra Light Commercial Vehicles (LCVs), offering customers a closer and more convenient view of Mahindra's robust CV lineup. The fully air-conditioned showroom ensures a comfortable experience for customers, particularly considering Madurai's warm and humid climate. This year AMPL Group has strengthened its extensive footprint in India and continued to hold its position as Mahindra's largest sales and after-sales partner in India. Currently, group's 138 Mahindra touchpoints are spread across in six states – Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Maharashtra, and Kerala recording a sale of over 37,000 Mahindra vehicles in FY 2025 alone. Currently, Automotive Mahindra operates 28 Mahindra touchpoints in Tamil Nadu, comprising 3S facility (Sales, Services, Spares) – 9, Showrooms – 12, and Servicing Workshops – 7. The group has sold over 30,000 Mahindra vehicles in Tamil Nadu including 14,500 Mahindra vehicles in Madurai in the last 5 years. Commenting on the inauguration, Mr. Rajiv Sanghvi, Executive Director, Automotive Manufacturers Private Limited, said, 'We are proud to further strengthen our longstanding partnership with Mahindra through the inauguration of this Commercial Vehicle showroom in Madurai – our 138th Mahindra touchpoint. Our journey with Mahindra spans nearly seven decades, marked by shared values and a commitment to excellence. With a robust network across six Indian states, we have consistently worked together to deliver outstanding value to our customers. With Mahindra's technologically advanced products, customer-centric approach coupled with our deep understanding of the customer needs we together endeavour to provide Best-In-Class ownership experience for our customers.' According to CRISIL Ratings, LCVs, which account for 62 per cent of the total volume sales, are expected to grow 4-6 per cent this fiscal year, driven by ecommerce-led deliveries and expansion of warehouses in Tier 2 & 3 cities, while a pickup in freight-intensive sectors such as cement and mining will boost overall demand. About Automotive Manufacturers Pvt. Ltd. (AMPL) AMPL – one of the countrys largest spread automobile retail conglomerates – with a rich experience of 75+ years, operates through 720+ automobile touchpoints across 20 states supported by a dedicated team of over 18,000 expert professionals. The group provides exceptional service and upholds high standards of professionalism. AMPL represents a diverse spectrum of auto segments, including 18 brands in passenger vehicles, light and heavy commercial vehicles, and construction equipment. The conglomerate stands as a formidable force representing 18 renowned brands and registered an annual group turnover of INR 21,000 crores (unaudited) in FY 2025.
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Business Standard
06-08-2025
- Business
- Business Standard
This smallcap defence stock rises 4% on securing deal from DRDO; details
Astra Microwave share price: Astra Microwave shares were buzzing in trade on Wednesday, August 6, 2025, with the stock rising up to 3.77 per cent to an intraday high of 985 per share. At 10:30 AM, Astra Microwave share price was trading 3.12 per cent higher at 978.80 per share. By comparison, BSE Sensex was trading flat at 80,702.97 levels. Why did Astra Microwave share rise today? Astra Microwave shares were buzzing today after the company secured an order worth 135 crore from DRDO. In an exchange filing, Astra Microwave said, 'This is to inform you that our Company, Astra Microwave Products Ltd has received an order for a total consideration of Rs.135 crores inclusive of taxes for upgradation of Ground based Radar system from DRDO, to be delivered within a period of 18 months.' Under the terms of the order, Astra Microwave will work towards the upgradation of the Ground based Radar system from DRDO. The project is expected to be delivered within a period of 18 months. Astra Microwave Q4, FY25 results Astra Microwave reported a strong performance in Q4FY25, with consolidated revenue rising to ₹408 crore, up from ₹354 crore in the same quarter last year. Operational metrics showed a marked improvement, with gross margins expanding to 46.1 per cent from 38.1 per cent, indicating better cost efficiencies or a richer product mix. Ebitda margins also expanded to 29.3 per cent, compared to 22.8 per cent in Q4FY24. Net profit for the quarter stood at ₹73 crore, a notable jump from ₹54 crore in the previous year, translating into a PAT margin of 18 per cent. For the full year FY25, Astra Microwave reported a revenue of ₹1,051 crore, reflecting a healthy growth from ₹909 crore in FY24. Gross margins for the year improved to 45.1 per cent, while Ebitda margins increased to 25.6 per cent, up from 21.1 per cent in the previous year. The company posted a net profit of ₹154 crore for the fiscal, up from ₹121 crore in FY24, with a PAT margin of 14.6 per cent. About Astra Microwave Products Astra Microwave Products Limited (AMPL), founded in 1991, specialises in RF, Microwave, and Digital electronics, along with project management for high-technology applications. The company was established with a vision to design, develop, and manufacture cutting-edge RF and Microwave subsystems and systems tailored for strategic purposes. From its modest beginnings with a motivated core team operating out of its first unit, AMPL has steadily progressed over the past three decades. Today, AMPL operates three production units and two R&D facilities, including a space-qualified facility, equipped to meet the highest standards of precision and quality. AMPL's cutting-edge infrastructure features three automatic assembly lines for PCBA, Class 10K and Class 100K clean rooms, and advanced test capabilities spanning frequencies from 30 MHz to 40 GHz. In-house environmental test facilities, EMI/EMC setups, and the Near Field Antenna Test Range (NFTR)—a first for any Indian private company—further underscore its technological prowess. With a strong R&D focus, AMPL has effectively transitioned equipment from research labs to production lines, majorly reducing lead times. The company has delivered complete solutions, from concept to product realisation, and achieved milestones such as producing flight modules for multiple Indian satellites. The market capitalisation of Astra Microwave is 9,293 crore, according to BSE. The company falls under the BSE SmallCap category.
Hindustan Times
18-06-2025
- Business
- Hindustan Times
UCO bank fraud: CBI court refuses to discharge Topworth director
MUMBAI: A special CBI (Central Bureau of Investigation) court refused to discharge Abhay Lodha, the director of Topworth Steels and Power Pvt Ltd, from a cheating and criminal conspiracy case for allegedly causing losses worth ₹74 crore to UCO Bank. The FIR was registered against M/s Akshata Mercantile Private Ltd (AMPL) and unknown UCO Bank officials after the company submitted four bills worth ₹74 crore under Letter of Credit (LC), which were diverted to Topworth Steels. The case was registered based on a complaint by the general manager and zonal head of the public sector bank, alleging that the office bearers of AMPL and certain bank officials cheated the bank to the tune of ₹74.82 crore. As per the CBI, UCO bank had discounted bills worth ₹74.82 crore, which was diverted by AMPL to Topworth Group of Companies. One of the receiving companies refused to accept these bills stating that the documents were not as per LC. The bills remained unpaid, causing a loss of ₹74.82 crore to UCO bank. The prosecution alleged that the request letters were prepared at the behest of Lodha. The discharge plea observed that Lodha was falsely implicated in the case since he is neither the director nor engaged in the day-to-day affairs of AMPL. Merely because Lodha was the guarantor to the LC does not implicate him in the conspiracy, submitted the defence, adding that there was no evidence to show on record that funds were being diverted. However, the court observed that even if Lodha is not the director of AMPL, the investigating officer had collected material to show that AMPL was a company of the Topworth group, of which Lodha was the chairman. 'He has direct control over the business affairs of M/s. AMPL. Throughout the investigation, it was revealed that Mr Abhay Lodha was the prime accused and without his indulgence, the crime could not have been committed,' the court said. In an order passed on June 12, the court further said that the material placed on record shows that there was criminal intent behind certain acts of Lodha with regard to the bank.
NDTV
17-06-2025
- Business
- NDTV
Court Refuses To Discharge Businessman Abhay Lodha In Alleged Bank Fraud Case
Mumbai: A special CBI court in Mumbai has refused to discharge businessman Abhay Lodha in an alleged bank fraud case, saying that his "positive involvement" in the crime was apparent. The Central Bureau of Investigation has alleged that Lodha, along with other accused, conspired with bank officials to defraud UCO Bank of Rs 74.82 crore. Lodha is the promoter and MD of Topworth Steels and Power Private Limited (TSPPL) and Topworth Group. His discharge plea was rejected by the special CBI Judge V P Desai last week. The court noted that the investigating has revealed that he is "the prime accused" in the case and "without his indulgence the crime could not have been committed". "At all material stages of the crime there is positive involvement of Lodha," noted the order, available on Tuesday. It highlighted that the material placed on record "will show that there is criminal intent". Based on the complaint filed by the UCO bank, the CBI had in 2018 registered a case against Lodha and other accused including office- bearers of a firm Akshata Mercantile Private Limited (AMPL). CBI has alleged AMPL, a Topworth Group company promoted by Lodha, diverted Rs 74.82 crore obtained from discounted LCs (letters of credit) at UCO Bank to other companies of the group. A part of the loan amount (Rs 43 lakh) was used to pay the EMI of a home loan in the name of Abhay Lodha and Ashwin Lodha, it said. Lodha in his discharge plea claimed he was "innocent and falsely implicated in the case", and he was neither a director of AMPL nor was he involved in its day-to-day affairs. UCO Bank was in the process of one-time settlement with AMPL which can be verified from the bank as it is part of their internal communication, the defence argued. CBI, represented by special public prosecutor Anoop Yadav, opposed the application, saying there is prima facie involvement of the accused in the crime. The prosecution stated that Lodha is charge-sheeted in six similar cases involving fraudulent LC facilities from various banks. The court after hearing both the sides held that Lodha may not be the director of AMPL, but the investigating officer has collected material disclosing that the said company was part of Topworth Group Companies, of which he was chairman. He has direct control over the business affairs of AMPL, the order stated. The charges by no stretch of imagination "can be considered to be groundless", the court concluded, while rejecting his plea.
Time of India
17-06-2025
- Business
- Time of India
74.8cr bank fraud case: Court rejects firm MD's discharge plea
Mumbai: Observing that the material placed on record shows there was criminal intent in his acts that led to defrauding UCO Bank of Rs 74.8 crore, a special CBI court rejected the discharge plea of Abhay Lodha, promoter and MD of Topworth Steels and Power and Topworth Group. Tired of too many ads? go ad free now The judge said while Lodha may not be the director of Akshata Mercantile Pvt Ltd (AMPL), allegedly involved in the fraud, the investigating officer collected material that showed it was a firm in Topworth Group of Companies, of which he is the chairman. The judge said he has direct control over AMPL's business affairs. "Throughout the investigation, it was revealed that Abhay Lodha was the prime accused and without his [involvement], the crime could not have been committed. " An FIR invoking cheating charges was lodged against Lodha in 2020. Opposing the discharge plea, the CBI said Lodha has been named in chargesheets of six cases. "The modus operandi in all the cases is similar... Abhay Lodha incorporated various companies by making his employees or friends as its directors and fraudulently availed LC (letter of credit) facilities from various banks. Subsequently, without any genuine underlying transactions, these companies submitted the LC-backed bills, along with forged lorry receipts, for discounting, and the discounted proceeds of the bills were utilised for the purpose of companies of Topworth Group controlled by Abhay Lodha," it said. It was alleged that Rs 43 lakh from the defrauded sum was used to pay EMIs of a Union Bank of India home loan in the names of Lodha and co-accused Ashwin Lodha. The court pointed to the statement of the bank's chief manager, who handled the vigilance department, saying there was large-scale unauthorised fund movement in the account of Topworth Group of Companies by way of unauthorised LC discounting.
