THE
FLAGSHIP COMPANY
The flagship company
Dwarikesh Sugar Industries Limited, integrated sugar
manufacturer, has three divisions (sugar, power
co-generation and industrial alcohol-ethanol) located in
Bijnor in UP. Its sugar capacity stands at 21,500 tcd for
all 3 units put together ,a Distillery capable of
manufacturing Industrial Alcohol & Ethanol a 30 KL output
per day, Cogeneration of 86 Mw ,out of which 56 Mw is
contracted for sale to State Grid. Led by a team of dynamic
professionals, the company strives to establish itself as a
market leader in the sugar industry. Financially, Dwarikesh
is a highly successful, constantly growing and dividend
paying company barring in last 2 years.
Dwarikesh Sugar Industries Limited, which made a
successful IPO in November 2004 raising Rs. 32.50 Crores,
has impressed everyone including the Foreign Institutional
Investors who have consistently been showing faith in the
company's ambitious plans. During the year 2005-2006 the
company has raised funds amounting to Rs 54.05 crores ,
through 3 million Global Depository Receipt (GDR)
representing 3 million Equity shares of face value of Rs 10
each @ USD 4 per GDR.
In fact, the outlook for the entire sugar industry is
promising as sugar market is growing rapidly and the
Government is likely to enhance the compulsory blending of
petrol with ethanol from present 5% blending to 10% in near
future.
MORARKA
FINANCE LIMITED
Morarka Finance Limited
is another profit making company from the Dwarikesh group.
It is a Leading Non Banking Finance Company (NBFC) which has
undertaken a series of initiatives to diversify its
traditional business activities. At present it is engaged in
the activities related to the Portfolio Management, which
includes Investment in Securities, Corporate Advisory
Services, Advancing of Loans. (Visit
website).
Morarka Finance Limited was originally
incorporated as Morarka Holdings Limited vide
certificate of Incorporation No. 11-35632 (now CIN
No.U 67120 MH 1985 PLC 035632) dated March 15, 1985
with Registrar of Companies, Maharashtra at Mumbai
and received the Certificate for commencement of
business on March 15th 1985.
The name of the Company
has been changed to Morarka Finance Limited on May
28th 1993. The Company commenced its business in
1985 and it is listed in the Bombay Stock Exchange.
MFL is also moving on the path of consistent growth
along with its parent company.
DWARIKESH
INFORMATICS LIMITED
The IT arm of
the group, Dwarikesh Informatics Limited, is active
in the IT services industry. The company provides
services such as software development, web
development, data mining, database management and
support, consultancy, localised application
development and content provision. It also provides
services in areas such as graphics, animation and
multimedia. Dwarikesh Informatics looks after
Dwarikesh group's web and software requirements as
most of our IT development is carried out in-house.
The company runs a host of websites and a highly
successful Hindi news portal under the name
www.prabhasakshi.com.
On an average, the portal
receives more than 5 Lacs of hits per day and has
been ranked high by various independent reviewers
and analysts such as Alexa, Google and MSN India. A
competent team of experienced professionals led by
its Group Editor Balendu Sharma Dadhich manages the
portal. He is recipient of Microsoft Most Valuable
award and Akshram IT Award.
The portal has as many as 30 categories of content,
and some prominent personalities such as Mr. Arun
Nehru and Mr. Kuldeep Nayar are among its
contributors. The portal is dynamically updated and
provides 'news as it comes' from all over the
country. Microsoft Corporation has also praised the
portal for professional maturity, comprehensive
nature, depth of content and speed of news coverage.
(Read
article).
SEWA
JYOTI
Dwarikesh Group
has always been in the forefront of social service.
The group conducts activities for the welfare of the
poor, backwards, physically handicapped and the ill
through its charity organizations, namely- Sewa
Jyoti, RR Morarka Charitable Trust and Narbada Devi
Morarka Charitable Trust.
These organizations
conduct health camps, self-employment camps, mass
awareness camps and workshops in Uttar Pradesh,
Uttaranchal and Rajasthan. They have also adopted
villages and have undertaken infrastructure
development projects there. (Visit
website).
Major initiatives successfully undertaken &
accomplished by Sewa Jyoti and its associated trusts
include construction of a large building for a
government college at Jhunjhunu (Rajasthan) &
construction of a charitable hospital at the
Nawalgarh town in Rajasthan's Jhunjhunu district for
providing selfless health services to the needy.
Thousands of people in the three states have
benefitted by the services of these trusts.
