Iot services, Company

Mr. Bharat MoossaddeeAppoints industry veteran Mr.Bharat Moossaddee as Independent DirectorQ2 Revenue up 30% YOYMajor breakthrough in MVCC and Railway SignalingJaipur (Rajasthan) [India], November 15: Dynamic Cables Limited (DCL), a Jaipur based power cable manufacturer announced its result for Q2FY23. Company reported a sale of Rs 173.4 crs, a healthy growth of 30% yoy. In the quarter gone by Company received major breakthrough in its MVCC product and upgradation in RDSO vendor category which will play important role in driving growth of the company. The profits of the company were flat sequentially at Rs.7.2 crs despite a challenging environment due to high volatility in key raw material prices and step-up investment in product development. The management has guided bottoming of operating margins and improvement in profitability going forward.Company also announced appointment of industry veteran Mr. Bharat Moossaddee as an Independent Director. He is Chartered Accountant, MBA from IIM Ahmedabad and has done Leadership Program from Thunderbird University, USA. He has a well-rounded experience of 35+ years in Business Strategy, Consulting, Corporate Law, Finance, General Management, Investment Banking, Legal, Management, Portfolio /Asset Management, Taxation, Venture Capital. He worked with Mahindra group for 9 years till 2021 handling CFO & CIO/Digital role and also running several start-ups of Mahindra group from incubation, fund raising and taking them up to stable state operations. Prior to that, he worked with CK Birla, General Motors, Hindustan Zinc, Shell India and Sun Gumberg at various senior positions during his career. During his illustrious career, he served on the Board of 25+ companies and also held position in Audit, CSR, NRC Committees of various companies.Ashish Mangal, Managing Director, Dynamic Cables said, “We welcome Mr. Bharat Moossaddee a seasoned professional on our board as an Independent Director and I am confident that his rich experience, knowledge and proficiency will prove to be an invaluable asset to the Company as it embarks upon the next phase of sustainable profitable growth.”Dynamic Cables Ltd. is manufacturer of power infra cables that includes LT, HT, EHVC, Power control & instrumentation cables, flexible & industrial cables, solar cables and railway signaling cables. It supplies cables to Government Discoms, Private Distribution companies, Private EPC contractors, industrial and Export clients. Company has 3 manufacturing plants are situated at Jaipur and Reengus. Business operations are managed through corporate office in Jaipur and 5 regional sales offices across India.If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Iot ServicesFOLLOW

Iot services, Latest News

Refer Now & Earn Forever being its key feature Shareholders needs to be atleast 15 days old members of ... ...

Trainocate Holdings is excited to announce it is a recipient of a 2022 Regional and Global AWS Partner Award, recognizing leaders around the globe playing a key role in helping customers drive innovation and build solutions on Amazon Web Services (AW ...

Quantiphi, an artificial intelligence (AI)-first digital engineering company and AWS Premier Tier Services Partner in the Amazon Web Services (AWS) Partner Network (APN), is excited to announce it is a recipient of two 2022 Regional and Global AWS Pa ...

San Francisco, Nov 29 Amazon Web Services (AWS), the Cloud arm of Amazon, has announced its "CloudWorks Internet ... ...

Las Vegas, Nov 29 In a bid to give its customers more control over their digital assets, Amazon ... ...

Las Vegas, Nov 29 Amazon Web Services (AWS) will return more water to communities than it uses in ... ...

ThoughtFocus, Inc. ('ThoughtFocus' or the 'Company'), a global provider of digital services and technology enabled digital operations for the financial services, manufacturing, and higher education sectors, is pleased to announce that H.I.G. Capital ...

Mr. Bharat Moossaddee Appoints industry veteran Mr.Bharat Moossaddee as Independent Director Q2 Revenue up 30% YOY Major breakthrough in ... ...