Latest news with #JitenderAggarwal
Time of India
10-07-2025
- Business
- Time of India
Aggcon Equipments International files DRHP for IPO to raise over Rs 330 crore
Aggcon Equipments International has filed its DRHP with Sebi for an IPO comprising a Rs 332 crore fresh issue and OFS. Proceeds will fund debt repayment, equipment purchases, and general corporate needs. FY25 profit rose 36% YoY. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Haryana-based Aggcon Equipments International, a fast-growing infrastructure equipment rental company, has filed its Draft Red Herring Prospectus (DRHP) with the Sebi to float an IPO. The proposed issue will comprise a fresh issue of shares worth Rs 332.04 crore and an offer-for-sale (OFS) of 94 lakh equity shares by promoters Jitender Aggarwal and Renu to the DRHP, Rs 168 crore from the fresh issue will be used to repay or prepay borrowings, while Rs 84.03 crore will be allocated for capital expenditure, mainly towards the purchase of new equipment. The remaining funds will be used for general corporate in 2003, Aggcon has emerged as one of India's leading infrastructure equipment rental companies catering exclusively to the construction and engineering sectors. With over 337 fleets as of March 31, 2025—ranging from earthmoving machines and aerial work platforms to road construction and foundation equipment—the company is one of the few players in India offering end-to-end rental services across this equipment is used in major infrastructure projects across 27 states and five union territories, with clientele that includes Afcons Infrastructure , Tata Projects, Monte Carlo, Rahee Infratech, G.R. Infraprojects, and PNC Infratech The company's fleet has been deployed in high-profile national infrastructure developments such as the Mumbai Trans Harbour Link (MTHL), INS Varsha submarine bunker, Kudankulam Nuclear Power Plant, and the Dhubri-Phulbari by original equipment makers like L&T Construction, Hyundai, Wirtgen, and Sany India, Aggcon reported a 19.47% jump in revenue to Rs 164.02 crore in FY25, compared to Rs 137.29 crore in FY24. Net profit rose 35.64% year-on-year to Rs 30.71 crore, driven by increased rental and freight income and greater operating of March 2025, the company had served more than 500 customers and acquired four subsidiaries—Savbri International, RJSP Logistics, Remodelers Buildcon, and Max Rentals—to strengthen its asset and logistics Oswal Investment Advisors is acting as the sole book-running lead manager, while MUFG Intime India (Link Intime) is the registrar. The equity shares are proposed to be listed on both BSE and NSE.
Economic Times
10-07-2025
- Business
- Economic Times
Aggcon Equipments International files DRHP for IPO to raise over Rs 330 crore
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Haryana-based Aggcon Equipments International, a fast-growing infrastructure equipment rental company, has filed its Draft Red Herring Prospectus (DRHP) with the Sebi to float an IPO. The proposed issue will comprise a fresh issue of shares worth Rs 332.04 crore and an offer-for-sale (OFS) of 94 lakh equity shares by promoters Jitender Aggarwal and Renu to the DRHP, Rs 168 crore from the fresh issue will be used to repay or prepay borrowings, while Rs 84.03 crore will be allocated for capital expenditure, mainly towards the purchase of new equipment. The remaining funds will be used for general corporate in 2003, Aggcon has emerged as one of India's leading infrastructure equipment rental companies catering exclusively to the construction and engineering sectors. With over 337 fleets as of March 31, 2025—ranging from earthmoving machines and aerial work platforms to road construction and foundation equipment—the company is one of the few players in India offering end-to-end rental services across this equipment is used in major infrastructure projects across 27 states and five union territories, with clientele that includes Afcons Infrastructure , Tata Projects, Monte Carlo, Rahee Infratech, G.R. Infraprojects, and PNC Infratech The company's fleet has been deployed in high-profile national infrastructure developments such as the Mumbai Trans Harbour Link (MTHL), INS Varsha submarine bunker, Kudankulam Nuclear Power Plant, and the Dhubri-Phulbari by original equipment makers like L&T Construction, Hyundai, Wirtgen, and Sany India, Aggcon reported a 19.47% jump in revenue to Rs 164.02 crore in FY25, compared to Rs 137.29 crore in FY24. Net profit rose 35.64% year-on-year to Rs 30.71 crore, driven by increased rental and freight income and greater operating of March 2025, the company had served more than 500 customers and acquired four subsidiaries—Savbri International, RJSP Logistics, Remodelers Buildcon, and Max Rentals—to strengthen its asset and logistics Oswal Investment Advisors is acting as the sole book-running lead manager, while MUFG Intime India (Link Intime) is the registrar. The equity shares are proposed to be listed on both BSE and NSE.
The Hindu
30-06-2025
- Sport
- The Hindu
From Chennai to Helsinki: here is the lowdown on Abilympics
Fifteen new vocational skills will be showcased in the form of contests at the 11th International Abilympics scheduled to be held in Finland in 2027. According to Dr. Jitender Aggarwal, secretary-general of National Abilympic Association of India (NAAI), these additional categories at Abilympics are aimed at increasing the number of participants. Abilympics is organised for those with disabilities. Before starting Sarthak Educational Trust in 2004, Dr Aggarwal was a dental surgeon; he continued as one until he lost his vision due to mascular degeneration. * Of the 40 plus categories in vocational skills, 15 are being introduced for the first time. How and why is this important? Newly-introduced categories (also called 'trades') include Baking, Hairdressing, Fashion Technology, Hotel Reception, Childcare and Massage Therapy. These additions reflect emerging employment opportunities for the disabled community. International Abilympics is held once in four years where participants compete in 45 trades. India is also one of the members of the governing body and I am an executive member in it, where we brainstorm about new skills to be added and the ones that can be omitted. We prescribe skills that are mentioned in the IAF charter. * India hosted International Abilympics for the first time in 2003 in New Delhi. How has Abilympics or 'Olympics of Abilities' evolved since then? The National Abilympic Association was formed in 2001 so that India could host the 2003 edition, where we had 1500 participants and 40 countries competing. In 2016, NAAI was handed over to Sarthak Educational Trust and we revived it. Besides tapping into talents among those with disabilities, we also need to support them by identifying expert coaches, offering infrastructure and equipment to help them compete at the international stage. The 2023 Abilympics in France was our first major outing where we noticed that the talent pool from Japan, France, South Korea and China were highly competitive. We learnt a lot from them. We are making Abilympics also professional like Olympics and Paralympics. * What are the expectations for Indians from Abilympics 2027? In 2023, we returned with seven medals. This year, our target is 30. We have faculty from IITs and other premier institutions to train and guide our participants, both physically and emotionally. We want more persons with disabilities to showcase their vocational skills. We are planning to have a wild card category next time. Winners speak Greeting the world with a resilient heart Swetha Kulkarni has been dabbling in painting since her school days, having been motivated by the encouragement provided by her teachers. 'It was Vijaya Lakshmi ma'am who taught me to design greeting cards and do many other crafts. She took me to many competitions as well,' says Swetha, who is hearing-impaired. Her disability has not been a deterrent to pursuing excellence. She went on to study BE Computer Science at a college in Davangere. Now, she works with a leading software company in Chennai as business process lead. 'During weekends I make it a point to sketch or draw and it helps me de-stress,' says Swetha, showing the many greeting cards she has designed. From YouTube she has been picking up new techniques in art and also does photography. Weekends are for wellness While he was between jobs, Parul Agrawal stumbled upon a diploma programme in spa therapy. He took it up. 'It was a six-month programme. There was some pessimism, initially, when I considered the job prospects of this course. Now I am glad I am able to juggle work as an HR professional during weekdays and that of a massage therapist at a wellness centre during weekends,' says Parul, who is visually-challenged. He is happy winning gold at the South Zone Regional Abilympics 2025 and is looking forward to bigger platforms where he can showcase his skills. 'Visually impaired people can provide excellent massage therapy services because our sense of touch amounts to a big advantage,' says Parul. His employer is happy that like other able-bodied employees in the wellness centre he is able to take up tasks such as foot reflexology and massages. Making cakes look as good as they taste Speech-and-hearing-impaired R. Sathish Kumar can make cakes look as good as they taste. The 48-year-old is a professional cake artist. His son U.S. Niraj remembers how Sathish made one of his birthdays memorable by designing a cake in the form of a racing car track. 'People usually draw and show what design they need in the cake or bring photos, and he gets it perfect most of the time,' says Niraj. Sathish began his career working in a bakery where he picked up the skill to decorate cakes with fondants and other decorative features. A skilled artist, Sathish now takes classes in cake decoration for those with disabilities as well as able-bodied individuals at Cheshire Homes in Coimbatore. He is a regular to most cake decoration competitions and has many victories to his credit. The medals from these competitions are displayed at his home. Besides creativity, one needs steady hands and precision to shine in this field, he says.
The Hindu
20-06-2025
- Business
- The Hindu
Tamil Nadu Governor emphasises urgent need to address intellectual disabilities
Intellectual disabilities are increasingly becoming a key issue in the country and must be addressed as a top priority, Tamil Nadu Governor R.N. Ravi said. He noted that a solution has to be found for intellectual disability. Speaking at the South Zone Regional Abilympics and Conference 2025, said: 'Developing technology which will benefit people with disabilities (PwDs) in the long run is the need of the hour. I am hopeful that institutes like IITM will come up with the right R&D for the PwD sector.' Organised by the National Abilympic Association of India (NAAI) in collaboration with Sarthak Educational Trust, and supported by the Department of Empowerment of Persons with Disabilities (DEPwD), Government of India, TPCDT, and IndusInd Bank, the event saw over 100 PwDs from across Tamil Nadu, Kerala, Karnataka, Andhra Pradesh, Telangana, and Puducherry. Jitender Aggarwal, Secretary-General of NAAI and Founder & CEO of Sarthak Educational Trust highlighted that they have help over 1 lakh people with disabilities to secure jobs. also pointed out that Sarthak Educational Trust is planning to launch Sarthak Global University, which is aimed to fill in the gaps in Early Intervention and therapy for infants and children, shortage of rehabilitation professionals and more. The plan is to start with 5 schools in 20 departments providing over 200 courses which is aimed to train 10,000 professionals specializing in disability rehab, inclusive education, assistive technology and more. This will enable 100,000 PwD's through education, vocational training, and skill development programs. V. Kamakoti, Director, IIT Madras said, ' We have a centre developed for mobility in IITM. As a country we have the human capital to develop these technological needs which can benefit PwD's in their daily life. We are looking forward to a long technical collaboration with Sarthak to provide mobility and accessibility solutions for PwD's.'
