Latest news with #Ronak
Time of India
20-05-2025
- Business
- Time of India
Heir & Now: Gujarat's gen next means business
AHMEDABAD: From conservative corner offices to cloudbased dashboards, Gujarat's new generation of business leaders is redrawing the contours of legacy enterprises — one datadriven bet, one strategic fulcrum at a time. Succession is no longer a mere hand-medown of the corner office; it's a recalibration of purpose, structure and vision. Armed with global degrees, digital acumen and a mindset geared for scale, the nextgen scions of Gujarat's conglomerates are not just protecting the family silver — they're F recasting it for a future defined by clean energy, professional governance and long-term value. At home in both the boardroom and the balance sheet, they're leading diversification moves into new territories — from renewables and healthcare to recycled materials and creating high-value brands, strengthening their legacy, one adventure at a time. Across Gujarat's top corporate houses — from pharma and textiles to frozen foods and pigments — this generational handover comes with a difference; it's not just about keeping the legacy intact. It's about using it as a launchpad for greater value creation. Chiripal group: From textiles to tech-driven transformation At the Chiripal Group, Ronak Chiripal is among the younger torchbearers leading this charge. Having joined the business in 2014, Ronak didn't just inherit a title — he carved out a new direction. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Complete protection with iPru All-in-one Term Plan ICICI Pru Life Insurance Plan Get Quote Undo From setting up the group's home textiles vertical in 2016 to launching renewable energy ventures in 2022, he's bet big on scaling up, diversification and building a professionally compliant corporate. 'Earlier, decisions were more instinctive. Now we're intensely focused on data mining, analytical thinking and aligning with national priorities like sustainability and clean energy and diversifying our business verticals accordingly,' says Ronak, promoter of the Chiripal Group. A generational shift is visible not just in what the group does, but how it does it. Professional CEOs now head key businesses — Nandan Terry, Chiripal Poly Films Limited (CPFL), and Grew Energy — with clear mandates and operational freedom. The once family-heavy governance model is being overhauled, with independent directors and structured decision-making frameworks gaining precedence. The group's new initiatives reflect this strategic shift — investments in recycled PET plants, growing presence in solar and ethanol and a sharper focus on value creation over top-line growth. 'Value today is about brand, governance and customer quality — not just numbers,' Ronak adds. Wagh Bakri Group gets professional makeover for new-age growth in new-age markets Ahmedabad based tea brand Wagh Bakri Group has recently taken a significant step towards new age growth. Fifth generation of the promoter Desai family has entered the business and last year August, the company appointed a CEO to handle the company operations. 'We have a history of more than 125 years and we have always focused on ensuring quality products for our customers and the company will continue doing it under professional leadership. The family will take the back seat and we are focusing on long term vision and goals,' said Paras Desai, director of the company. Sanjay Singal, CEO of the company said, 'The brand is well-known across the country and in the western India, our market share is around 45%. We have a legacy brand so we want to go for better growth in coming years. We want to take initiatives which will ensure that the new generation of the customers continue to love the brand. We have started offering innovative tea varieties and we have also seen our exports doubling in the last five years. Digital marketing and e-commerce are key in modern business.' Vadilal group: Reuniting the family, recasting the future In what was once a classic case of a family feud-turned-corporate standoff, the fourth generation Vadilal Industries has recently flipped the narrative. The Gandhi family has signed a memorandum of family arrangement, consolidated brand ownership under the listed entity and handed operational reins to professionals — with plans to build 'India's first global ice cream MNC'. It's a shift not just of strategy, but of mindset — family members are moving to oversight roles, supported by a new CEO and an independent board including veterans from Nykaa, PepsiCo and Mother Dairy. In what was once a classic case of a family feud-turned-corporate standoff, the fourth generation Vadilal Industries has recently flipped the narrative. The Gandhi family has signed a memorandum of family arrangement, consolidated brand ownership under the listed entity and handed operational reins to professionals — with plans to build 'India's first global ice cream MNC'. Meghmani group: New gen ensures faster growth with expansion Ahmedabad's Meghmani Group, a prominent maker of dyes, intermediates and agro chemicals, has witnessed accelerated growth since its next generation of leadership assumed control. The company, traditionally led by Jayanti Patel, Natvar Patel, Ramesh Patel and others, has evolved under its new leadership. Under Maulik Patel , CMD of Epigral Ltd (formerly Meghmani Finechem Ltd) and Ankit Patel , CMD of Meghmani Organics Ltd (MOL), the company has implemented strategic initiatives. Maulik Patel said, 'We commissioned India's first Epichlorohydrin plant based on 100% renewable resources and set up India's largest CPVC plant.' 'I took over as CMD, MOL, last year. We are focused on crop protection and crop nutrition and TTM dioxide,' said Ankit Patel. Kiri industries: New vision, bigger dreams Ahmedabad-based dyes and intermediate chemicals manufacturer Kiri Industries Ltd is embarking on new ventures with the next generation joining the organisation. Following his chemical engineering studies at Michigan University, Hemil Kiri, the son of CMD Manish Kiri , has recently come aboard. 'I have joined the company as a project engineer for our new project of copper smelting. My grandfather had founded the company, and my father took it to international level, and now I want to make the group a leader with technological advancements. Apart from copper smelting, I will also focus on improving technology in chemical manufacturing with highest focus on environment conservation,' said Hemil. Manish Kiri (top) and Hemil Kiri Monarch networth: New generation expanding reach Ahmedabad-based Monarch Networth Capital Ltd (MNCL) has primarily been known as a stock broking company. However, promoter brothers Himanshu Shah and Vaibhav Shah have been focused on expanding the business. In the past couple of years, two daughters and one son from the promoter family have joined the company, bringing in a new vision that has fuelled its growth. Anushree Shah, who completed her master's in Financial Management from Warwick Business School, is working on launching a fund from GIFT City, aimed at making it easier for NRIs and foreign nationals to invest in India. Kavish Shah, who holds a master's in Management from Queen Mary University, London, has joined Diamond Power Ltd. He currently serves as Vice President – Corporate Strategy, overseeing procurement and marketing. The company was acquired through the NCLT process, and Kavish has leveraged data, technology, and smart systems to help it cross a turnover of ₹1,000 crore in under a year and a half. Vrushali Shah, who earned her master's in Management from City, University of London, has been driving the digital transformation of the family business to ensure it stays ahead in technology optimisation.
Time of India
09-05-2025
- Business
- Time of India
Six booked for machinery loan misappropriation
Rajkot: A case has been registered at Junagadh B Division police station for under the Bharatiya Nyaya Sanhita against six persons — Ronak Shekhda, Kajal Shekhda, Mohammad Riaz, Dost Mohammad Khira, Yasin Khira and Ravi complaint was filed by 34-year-old Diwakar Kothari, a manager with .According to the FIR, on March 16, 2024, the partners in a firm called , Ronak and Kajal, went to the Rajkot loan department of the bank and sought a business loan of Rs 2.10 crore to buy two machines to make plastic packaging sheets. Tired of too many ads? go ad free now Ronak offered land at Patla village road in Bhesan taluka as collateral. A team from the bank visited the proposed factory site and the land to verify the submitted documents including land ownership papers, income tax returns, machinery price quotations and the company balance sheet. Based on these documents, a loan of Rs 1.95 crore was sanctioned on March 27, June 19, 2024, Rs 1.38 crore was transferred to the account of Titan Exim. The vendor supposedly supplying the machines claimed delivery would take 30 an inspection at the factory site on Aug 14, 2024, it was found that the machinery had not been delivered by the vendor, Noble Edge Industries. Further inquiry revealed that Ronak and Kajal had transferred Rs 1.38 crore to Noble Edge Industries and another Rs 37.17 lakh to Like Engineering in Rajkot. However, neither company supplied the investigation found that the loan had been was misappropriated and the machine orders were intentionally cancelled without the bank's knowledge. It also came to light that there were internal financial dealings among the accused and cheques related to the mortgaged land were dishonoured.
Observer
26-03-2025
- General
- Observer
From Pakistan to Oman: The cultural and spiritual aspects of Ramadhan
Fajar Minhas, a native of Islamabad, Pakistan, is experiencing her first Ramadhan in Oman, crafting a new tapestry of memories in a different land. This sacred month is abundant with cherished moments, familial bonds, and the power of prayer. "My first Ramadhan in Oman is delightful; I truly appreciate the tranquillity and pleasant climate here," Fajar shares, her voice filled with warmth. "Back in Islamabad, it's quite chilly at the moment, which we find quite agreeable as it helps alleviate thirst while fasting." Reflecting on the significance of fasting, she continues, "The experience deepens our understanding of the struggles faced by people in Palestine, Syria, and Sudan. We empathetically connect with both Muslims and non-Muslims, feeling their hardships, especially when lacking food or clean water. This connection draws us closer to them—and most importantly, to Allah." Fajar may not recall the exact moment she began fasting from dawn until dusk, but vivid memories of her mother explaining how to ease into fasting linger in her mind. "I remember being taught that starting with six to seven hours of fasting would be rewarded by God," she reminisces. Witnessing her grandmothers embrace the fast inspired her, free from any pressure. "I must have been around 10 or 11 when I began fasting regularly," she adds, a hint of nostalgia in her tone. The fondness for childhood memories continues with a special aspect known as 'Ronak.' "In Islamabad, we have these joyous gatherings called 'Ronak' during Ramadhan. The atmosphere is calm and peaceful. Schools and offices would close early, allowing us to enjoy Saheri and Iftari get-togethers, filled with laughter and connection. I recall that in my childhood, Ramadhan coincided with the summer, and during university, it came right after mid-term examinations—a welcome break from studies! Nights were spent together with twenty-five girls, performing Tarawee prayers and engaging in Holy Quran readings. We would celebrate with games of Ludo. I deeply miss those days, my family, and my siblings." Ludo, a beloved board game in Pakistan, evokes joyful memories for her. As Ramadhan progresses, a wave of shopping takes over, particularly as people prepare for Eid. One market that springs to mind is Meena Bazaar, bustling with activity as shoppers hunt for henna and bangles. "Midway through Ramadhan, henna is usually absent from the market, but everyone eagerly shops for traditional salwar kameez. The vibrant atmosphere is charming, making it comfortable for all ages, from young girls to older generations," Fajar explains with enthusiasm. Pakistani cuisine shines during Iftar as an array of special snacks beckons. "Of course, we must have samosas and pakodas! In our family, we would also whip up Chinese kababs, bread kababs, kachoris, jalebis, dahi baras, chana chaat, and fruit chaat—delicacies enjoyed in every home, MashaAllah!" Cooking is a cherished tradition that children partake in, learning from their mothers. Rich spices and herbs are the hallmark of these dishes. "Yes, while some items can be quite heavy due to frying, it's customary to serve lemon and mint tea, often with a touch of cinnamon, at our tables to combat acidity and the side effects of fried foods." Tradition plays a vital role during Ramadhan, with many opting to wear new clothes every Friday of the holy month. "We would begin shopping as early as two months prior to Ramadhan! The last ten days are particularly special, as we adorn ourselves in new outfits for Tarawee prayers. Once we've prepared for Ramadhan, there's rarely a need for further shopping during the year," Fajar notes with a playful smile. Ramadhan is also a time of giving. "We share rations, clothes, and all necessities for households, alongside paying Zakat to support those in need." Fajar feels at home in Oman, a Muslim country that embraces her heart. "I can hear the calls to prayer and partake in Tarawee prayers without needing to set alarms. It truly feels like home." To round off our conversation, we indulged in a lively game of Ludo, where Fajar's expertise shone through once more.
