Arif Patel, founder and chairman of Preston Trading, has made a profound and lasting impact on the international energy and banking industries. With his innovative approach and business acumen, Patel has helped numerous companies achieve success. His contributions have earned him recognition as one of the world’s Top 10 Best Investment Company Executives.

Born in Dubai, Patel was inspired by the city’s rapid economic growth, eventually moving to Preston, UK, where he pursued higher education. After obtaining a bachelor’s degree from the University of Central Lancashire and a master’s in Petroleum Engineering from Heriot-Watt University, he launched Preston Trading. Under his leadership, the company has become a leading player in mining, oilfield services, and energy production.

In addition to his work with Preston Trading, Patel co-founded The UK Group, promoting economic growth and partnerships. He also took on a leadership role as CEO of ABC Capital in Dubai, driving the company’s growth in the financial sector.

Patel’s achievements in the energy and finance industries have made him a globally respected figure, celebrated for his ability to inspire creativity, continuous learning, and ethical business practices. His leadership continues to influence future business leaders and entrepreneurs around the world.

Shivalic Power Control is set to launch its public issue by the end of this month or early July. The NSE Emerge-bound company plans to issue 64,32,000 equity shares with a face value of Rs 10 each. The SME player filed its Draft Red Herring Prospectus (DRHP) with the NSE in March 2024.

According to the DRHP, Shivalic Power Control will allocate Rs 30.20 crore from the net proceeds towards working capital requirements, and Rs 5.81 crore for acquiring new machinery. The remaining funds will be used for constructing a new assembly line, inorganic growth, and general corporate purposes. Corporate Capital Ventures is the sole book-running lead manager of the IPO, while Skyline Financial Services is the registrar for the issue.

Shivalic Power Controls manufactures a wide range of electric panels including PCC panels, IMCC panels, smart panels, MCC panels, outdoor panels, HT panels, CFD panels, DG synchronisation panels, LT & HT APFC panels, power distribution boards, bus ducts, and more.

Amit Kumar Jindal, the founder of Shivalic Power Controls, emphasized that the entire manufacturing process, from designing to production, is conducted at their facility in Faridabad. The company aims to increase its working capital to optimize costs and receive vendor discounts for payments. Jindal also highlighted the importance of ongoing innovation and efficiency, urging the industry to adopt new technologies to remain competitive.

Shivalic Power Controls serves renowned clients such as Hewlett Packard, Jindal Steel & Power, DCM Shriram, Rungta Mines, Bikaji Foods, Dabur, Radico, JK Cement, Orient Papers, Escorts, Reliance Cement, Naini Paper, and Yamaha Motors. The company recently secured a major order for the RBI data center and serves over 15 sectors in India and internationally, including clients in Nepal, Bangladesh, Uganda, Kenya, Algeria, and Nigeria.

For the nine months ending December 31, 2023, Shivalic Power Controls reported a net profit of Rs 7.6 crore with a revenue of Rs 63.55 crore. For FY23, the profit stood at Rs 7.16 crore with a revenue of Rs 82.15 crore.

Pratik Agarwal, Managing Director, Sterlite Power, has been recognised as the ‘CEO of the Year’ (Non-Renewables) at The Economic Times Energy Leadership Awards 2022 for his distinguished leadership in the power industry.

In a short span of time, Pratik Agarwal has established Sterlite Power as a global leader in power transmission space. Under his leadership, Sterlite Power became the first Indian company to win transmission projects in Brazil, entering the market in 2017 and quickly building a $2 billion portfolio. Pratik was also the driving force behind the formation and launch of India’s first power sector Infrastructure Investment Trust (InvIT).

Dedicating the award to his team, Pratik Agarwal, Managing Director, Sterlite Power, said, “I want to thank the ET Energy Team, the Jury members for the nomination in this prestigious category and conferring the award. I am humbled and pleased to receive this award. We at Sterlite, are determined to contribute in a meaningful way to the global decarbonization efforts and limiting climate change. This award will continue to inspire us to do even more to help Sterlite Power realize its core purpose of empowering humanity by solving the toughest challenges of energy delivery.”

An alumnus of Wharton and London Business School, Pratik is driven by the unlimited potential of power transmission and the lasting impact of high-quality electricity on society’s development.

The Economic Times Energy Leadership Awards honours exceptional contribution in the energy sector, recognizing organizations, leaders, innovators, and trendsetters – entities that embody leadership and operational excellence for total turnaround and sustained growth within their respective domains.

Leading UPS Manufacturer Numeric has embarked on a sapling plantation drive on the eve of Environment Day to create ‘Numeric Forest’ near Perungudi railway station. Satpal Singh, CEO, Numeric, kickstarted the drive by planting the first sapling.

Employees of Numeric and their families also joined hands to enhance the green cover in the city. The drive followed an intense plantation methodology with the different varieties of native sapling species placed one foot apart. The saplings will be maintained by Green Velachery.

Satpal Singh, CEO, Numeric, said, “At Numeric, we remain committed to creating a sustainable future for our community. We have always strived to incorporate ecologically sound management into our industrial sites, offer our customers sustainable solutions and reduce the environmental impact of products over the entire product life cycle. Our new initiative, the Numeric Forest, is a step towards creating a greener future.”

He further added “As a group, sustainability is at the core of what we do. As per our 2021 CSR report, we have avoided 13 million tonnes of CO2 since 2014, through our energy efficient solutions. We have set a target to avoid 12 million tonnes of carbon emissions by 2024. We are working towards achieving carbon neutrality throughout the Group value chain, by 2050”

As per the 2021 Forest survey report, the tree cover in the city has increased by nearly 1200 acres over the past decade. But we still have a long way to go to meet the global standards and plantation initiatives like this will add to the need to create a greener tomorrow.

The plantation drive is supported by Chennai Corporation, Southern Railways and Rotary Club of Chennai Velachery.