Latest news with #VipulShah
Business Standard
20 hours ago
- Business
- Business Standard
Vipul Organics hits the roof after foray into membrane manufacturing
Vipul Organics hit an upper limit of 5% to Rs 216.65 after the company announced its strategic entry into membrane manufacturing, a move that signals its ambition to tap into the multi-billion-dollar global filtration and water treatment market. Membrane technology plays a central role in water and wastewater treatment, food and beverage processing, pharmaceuticals, and industrial filtration. With global attention shifting toward cleaner water access, sustainability, and resource recovery, membranes are emerging as essential components of industrial infrastructure. Citing data from Fortune Business Insights, Vipul Organics noted that the global water and wastewater treatment market was valued at $323.32 billion in 2023 and is projected to reach $617.81 billion by 2032, growing at a compound annual rate of 7.5%. The outlook for India is equally promising. Market Research Future estimates the Indian water treatment market at $2.3 billion in 2024, with projections of it reaching $6.3 billion by 2034, growing at a CAGR of 10.6%. This expansion will be spearheaded by Dr. Vatsal Shah, the son of managing director Vipul Shah. Vatsal holds a PhD in Membrane Technology from Imperial College London and will lead the setup of a new independent unit dedicated to membrane R&D and production at Saykha, Gujarat. The facility will focus exclusively on developing and manufacturing membrane solutions for both Indian and global markets. According to Vipul Shah, this move is a logical next step in the companys evolution. With growing industrial demand for circularity and low environmental impact, membrane technologies align well with Vipul Organics commitment to sustainability and innovation. By entering this space, the company aims to complement its existing strengths while opening up new avenues for growth. Vipul Organics is a leading specialty chemicals company in the pigments and dyes segment. The companys consolidated net profit fell 27.1% to Rs 0.78 crore, while net sales jumped 10.3% to Rs 44.09 crore in Q4 FY25 over Q4 FY24.
Time of India
18-06-2025
- Business
- Time of India
Surat industry calls Antwerp's 5-euro LGDs a ‘desperate move'
Surat: As the global natural diamond trade has begun to show signs of stability and trade bodies worldwide are putting extra efforts into pushing it through to recovery, competition between natural and lab-grown diamonds has heated up in Antwerp, the world's diamond trading hub. The leading diamond trade body, Antwerp World Diamond Centre (AWDC), which represents 1,470 Belgian diamond companies, last week launched a campaign, 'We Protect A Legacy'. Through this campaign, AWDC emphasizes Antwerp's role as the world's trading centre for natural diamonds and aims to raise public awareness about the differences between natural and synthetic diamonds. The campaign was launched in Antwerp's Stadsfeestzaal with a striking public stunt in which passersby could go to a gumball machine and get a synthetic diamond for five euros. "This symbolic act highlights the stark contrast in value between synthetic and natural diamonds," a statement from AWDC said. Meanwhile, Indian gems and jewellery trade leaders called this a desperate attempt, saying both products are equally important to the jewellery industry. "With a rich history of 580 years, the natural diamond trade is deeply embedded in the DNA of Antwerp. The campaign explicitly reinforces the city's role as a natural diamond hub — particularly in response to the growing popularity of synthetic diamonds and increasing consumer confusion about the difference," the AWDC said. "We're claiming this position openly and with full conviction," says Isidore Mörsel, president of AWDC. "Natural diamonds have been at the core of our existence for centuries. In the past five years, synthetic diamonds represented a negligible 0.6% of our total trade value. Moreover, Belgium is the first country in the world to protect consumers through a royal decree. Since 2023, jewellers are legally required to disclose whether a diamond is natural or synthetic before a purchase takes place." Former chairman of the Gem and Jewellery Export Promotion Council (GJEPC), Vipul Shah, said, "Natural and LGDs both have their dedicated markets, and both are going to survive. They are not in competition but complement each other." Shah is a leading natural diamond manufacturer and calls both products important for Indian gem and jewellery manufacturers. "The gumball machine was put in a public place where people, out of curiosity, went to check. There were posters informing people about LGDs and natural diamonds," said a diamond businessman who visited the spot. Smit Patel, convener of the LGD committee in GJEPC, said, "The move to demote LGD in an attempt to promote natural diamond is out of desperation. LGDs have a different consumer class and as a manufacturer, it is a product that generates employment and business here." LGD traders from Diamond City are busy fulfilling orders from all over the world. "LGDs are becoming popular fast all over the world and have huge demand. LGDs are equally important for our diamond manufacturing industries, and we are focusing on giving the best products to the world," said Haresh Narola, vice-president of the Surat LGD Association.
Yahoo
29-05-2025
- Business
- Yahoo
Solex Energy Ltd (NSE:SOLEX) Q4 2025 Earnings Call Highlights: Record Revenue Growth and ...
Revenue: INR 665 crore, an 81% increase from the previous year. EBITDA Margin: Increased by 157% compared to the previous year. PAT Margin: Increased by 390% compared to the previous year, with INR 42 crore PAT. Earnings Per Share (EPS): Increased by 301% compared to the previous year. Module Revenue: Increased from INR 283 crore to INR 497 crore, a 32% increase. EPC Revenue: Cumulative revenue of INR 104 crore. Other Revenue: INR 2 crore from other sales and job work. Warning! GuruFocus has detected 1 Warning Sign with NSE:SOLEX. Release Date: May 27, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Solex Energy Ltd (NSE:SOLEX) reported a significant revenue increase of 81% year-over-year, reaching INR 665 crore. The company's EBITDA margin improved by 157%, reflecting strong operational performance. Solex Energy Ltd (NSE:SOLEX) plans to expand its production capacity to 4 gigawatts by October 2025, with further expansion to 15 gigawatts of module and 5 gigawatts of cell manufacturing by 2030. The company has a strong focus on technological advancements, ensuring high-efficiency module production for both Indian and overseas markets. Solex Energy Ltd (NSE:SOLEX) has secured firm orders for its existing and new production lines, indicating strong demand and a robust order book. The company faced delays in starting its second production line, which impacted its ability to achieve the targeted turnover for FY'25. Solex Energy Ltd (NSE:SOLEX) reported a lower margin compared to some competitors, with a current margin of around 10% versus competitors' 15-16%. There is a high concentration of orders from a single client, which poses a risk if the client reduces or cancels orders. The company's cash flow from operations is negative, attributed to increased receivables and inventory levels. Solex Energy Ltd (NSE:SOLEX) is planning significant capital expenditure, which will increase debt levels and may require equity raising, potentially leading to dilution. Q: Considering the shortfall in FY25 performance due to some delays, would you like to revise or reaffirm the revenue guidance for this year? A: Vipul Shah, Director, stated that despite the shortfall in FY25, they are targeting a turnover between 2,200 to 2,400 crore for the current year, including the EPC business. They are confident in achieving these projections given the production capacity of 1.5 gigawatts for the full year and additional capacity for six months. Q: Why are the company's margins lower compared to competitors? A: Chetan Shah, Chairman and Managing Director, explained that their current EBITDA margin is around 11.5%, which is within their estimated range of 9 to 11%. They believe their margins are competitive and sustainable, considering market dynamics and industry standards. Q: How will the company manage sourcing cells once the ALM list is implemented, and will there be a threat to margins? A: Chetan Shah assured that market dynamics allow for price adjustments if suppliers increase prices. Contracts include clauses for changes in government laws and price fluctuations, ensuring that any cost increases can be passed on to customers. Q: What is the company's strategy regarding its high concentration on a single client? A: Vipul Shah mentioned that while there is a significant order from a single client, they have other smaller orders and master sales agreements in place. They expect the dependency on this single order to decrease as new orders are finalized. Q: Can you provide details on the company's expansion plans and funding strategy? A: The company plans to set up a 2 gigawatt cell line and additional module lines, with a total CapEx of approximately 1,500 crore. They aim to fund this through a mix of 1,000 crore in debt and 500 crore in equity. The expansion is expected to be completed within 18 months from the start date. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Hindustan Times
15-05-2025
- Business
- Hindustan Times
800 Gujaratis cancel Turkey trip over Pakistan support: ‘We can do this much for our country'
More than 800 members of the Jain Lotus Group in Ahmedabad, Gujarat, have cancelled their post-Diwali travel plans to Turkey, citing the country's recent show of support for Pakistan. According to a report in Mid-Day, the group had planned a 12-day trip, which now stands cancelled. The Jain Lotus Group is among a growing number of Indian travellers who are scrapping trips to Turkey and Azerbaijan in protest. Both countries publicly backed Pakistan following heightened tensions between India and Pakistan in the wake of Operation Sindoor and the April 22 terror attack in Pahalgam. While Azerbaijan released an official statement echoing Pakistan's position on the conflict, Turkey supported Islamabad's call for an international investigation into the Pahalgam attack. Turkey has also previously supplied arms to Pakistan. "Bookings for Azerbaijan and Turkey decreasing by 60% (over the last week) while cancellations have surged by 250% during the same period," Reuters quoted a spokesperson for MakeMyTrip, as saying. The Jain Lotus Group is an Ahmedabad-based organisation which counts over 1,000 couples as its members. According to the Mid-Day report, the group members had planned to visit Turkey after Diwali. Jain Lotus Group Treasurer Vipul Shah told Mid-Day that the decision was taken on moral grounds. 'We have canceled the trip due to this. About 800 people from our Jain Lotus Group were to go to Turkey after Diwali. We had planned a tour of 12 days and 11 nights. We had decided to go to four places in Turkey, including Cappadocia and Istanbul. 'All the members had planned to reach Turkey in groups of 80 people every third day, not on the same day,' Shah explained. 'However, considering the current situation between India and Pakistan, the core committee, including our president and joint secretary, took everyone's individual opinions and the committee jointly decided that we would not go to Turkey to tour, a country that supports our country's enemy, Pakistan,' said the treasurer. Shah added that this is the least that they could do for India. 'We cannot go to war as an army, but we can do this much in support of the country, right?' he said.
Yahoo
05-05-2025
- Business
- Yahoo
BigCommerce Taps Technology Industry Veteran with Strong Record of Innovation as Chief Product Officer
Vipul Shah brings experience across payments, supply chain, fintech and AI to lead product strategy across BigCommerce, Feedonomics and Makeswift AUSTIN, Texas, May 05, 2025 (GLOBE NEWSWIRE) -- BigCommerce (Nasdaq: BIGC), a leading provider of open, composable commerce solutions for B2C and B2B brands, retailers, manufacturers and distributors, today announced that Vipul Shah has joined the company as its new Chief Product Officer, bringing over two decades of experience building innovative products and business models at PayPal, Google, J.P. Morgan and Wells Fargo. At BigCommerce, Shah leads product management, product design and product strategy groups across all three of the company's products – BigCommerce, Feedonomics and Makeswift. 'Vipul brings an unmatched record of innovation across a range of industries. That experience will be crucial to helping us unite BigCommerce, Feedonomics, and Makeswift under one holistic product strategy,' said Travis Hess, CEO at BigCommerce. 'Beyond that proven technical expertise, he is also a great culture fit for BigCommerce and shares our vision for the company moving forward.' Prior to BigCommerce, Shah was president and chief operating officer of venture capital-backed NEXT Trucking, where he helped digitize shipping container movement and modernize broken supply chain processes exposed during the pandemic. Passionate about technology and its potential to help people, Shah began his career designing aircraft engines and later worked with biotech and pharmaceutical companies to improve drug development processes. Influenced by the economic disparity he observed growing up in India, Greece and the United States, Shah then tackled the world of banking and fintech with the goal of driving financial inclusion and economic empowerment. Over 20 years at PayPal, Google, J.P. Morgan and Wells Fargo, Shah has built innovative products and business models to help consumers and businesses worldwide capitalize on the burgeoning digital economy. 'My personal experiences have always shaped my professional work, and I'm excited to bring my perspective to BigCommerce and the broader ecommerce industry,' Shah said. 'As AI ushers in a new era of ecommerce, BigCommerce, Feedonomics and Makeswift have a tremendous opportunity to deliver powerful innovation, engaging customer experiences and meaningful growth for our global community of merchants and partners.' Learn more about BigCommerce's leadership team here: About BigCommerceBigCommerce (Nasdaq: BIGC) is a leading open SaaS and composable ecommerce platform that empowers brands, retailers, manufacturers and distributors of all sizes to build, innovate and grow their businesses online. BigCommerce provides its customers sophisticated professional-grade functionality, customization and performance with simplicity and ease-of-use. Tens of thousands of B2C and B2B companies across 150 countries and numerous industries rely on BigCommerce, including Coldwater Creek, Harvey Nichols, King Arthur Baking Co., MKM Building Supplies, United Aqua Group and Uplift Desk. For more information, please visit or follow us on X and LinkedIn. BigCommerce® is a registered trademark of BigCommerce Pty. Ltd. Third-party trademarks and service marks are the property of their respective owners. Media Contact:Brad Hempr@ in to access your portfolio
