The flagship company Dwarikesh Sugar Industries Limited, integrated sugar manufacturer, has three divisions (sugar, power co-generation and industrial alcohol-ethanol) located in Bijnor and Bareilly Districts of Uttar Pradesh. Its sugar capacity stands at 21,500 TCD for all 3 units put together, a distillery capable of manufacturing Industrial Alcohol & Ethanol of 140 KL output per day, Cogeneration of 91 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. The year ended 31st March, 2022 recorded highest sale of sugar ever i.e 1974 crores. Highest ever turnover. Highest ever EBDITA.
The company successfully concluded a QIP program and raised ₹ 59.4 cr. and the proceeds of the same was used for accelerated repayment of long term debt. ICRA the leading agency for rating has given DSIL A1 for long term and A1+ for short term funding.
Dwarikesh Sugar Industries Limited, which made a successful IPO in November 2004 raising ₹ 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 ₹ 54.05 crores, through 3 million Global Depository Receipt (GDR) representing 3 million equity shares of face value of ₹ 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. Government has resolved to meet the target of 20% ethanol blending in petrol by 2025. Earlier the resolve was to achieve the target by 2030 which is now preponed by 5 years. Also the sale of CER (Carbon emission reduction) and sale of REC (Renewable energy certificate) in future shall help in boosting the bottom line.
Dwarikesh Trading Company Limited, Faridpur Sugars Limited, Dwarikesh Agriculture Research Institute. are other important companies of the group active in a variety of sectors including agriculture, trading and infrastructure.
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, and Advancing of Loans.
Morarka Finance Limited was originally incorporated as Morarka Holdings Limited vide certificate of incorporation No. 11-35632 (now CIN : U67120MH1985PLC035632) dated 15th March, 1985 with Registrar of Companies, Maharashtra at Mumbai and received the certificate for commencement of business on 15th March, 1985.www.morarkafinance.com
The name of the company has been changed to Morarka Finance Limited on 28th May, 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.
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 20 Lacs of hits per month and has been ranked high by various independent reviewers and analysts such as Alexa, Google and MSN India. A competent team of experienced professionals manages the portal.
The portal has as many as 30 categories of content, and some prominent personalities such as Mr. Arun Nehru and Mr. Kuldeep Nayar were 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.
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. www.sewajyoti.in
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 benefited from the services of these trusts. Construction of a roadways bus stand at Nawalgarh has already become operational. Another milestone is to construct a large building for Government College at Nawalgarh.