Abhay Narendra Lodha:founder of Top Worth

Abhay Lodha is Founder and Promoter of Topworth group. Topworth, founded in 1999 as a small Steel Trading operations, under Mr. Abhay Lodha's guidance and leadership has grown into a strong integrated company with business interests in Steel, Power, Trading and Infrastructure. In a relatively short span of a decade, Mr. Abhay Lodha, armed with his passion, vision and drive has transformed his small trading operations into a trading powerhouse and global conglomerate with a diversified business portfolio. Today Topworth is viewed as an up-and-coming growth player by the Indian industry.

Abhay Lodha :founder and chairman of topworth group of companies

Age:43

This person is connected to 2 Board Members in 2 different organizations across 2 different industries.


Background:

Mr. Abhay Narendra Lodha served as Managing Director of Gujarat Foils Ltd. since May 14, 2011. Mr. Lodha has been the Chairman of Gujarat Foils Ltd. since May 14, 2011. He founded Topworth Group of Companies in 1999 and is its Chairman. He has been Non Executive Director of Gujarat Foils Ltd. since August 1, 2014. He served as Executive Director of Gujarat Foils Ltd. since July 14, 2008 until August 1, 2014. Mr. Lodha serves as Director of Akshata Realtors Pvt. Ltd.

Board Members Memberships

Founder and Chairman

Topworth Group of Companies

2014-Present

Chairman

Gujarat Foils Ltd.

Affliations:

Gujarat Foils Ltd.

Akshata Realtors Pvt. Ltd.

source:http://www.abhaylodha.com/2014/06/about-abhay-lodha.html

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INDIA: Another new cargo airline for India

India-based logistics start-up Avicore Aviation, has announced plans to invest US$100 million to launch a new cargo airline before mid-2008 from the country’s first dedicated cargo airport at Nagpur.

The start-up is backed by Indian and US-based non-resident Indian businessmen through Avicore’s US subsidiary.

The main Indian financier is Abhay Lodha, managing director of the Mumbai- based Topworth Group, which has interests in steel and power plants and Avicore Aviation’s chief executive Shankar Devarajan.

Avicore is the third firm that has applied to the government for a licence to launch a cargo airline.


SOURCE:http://www.payloadasia.com/article/india-another-new-cargo-airline-for-india/1446

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Top Worth:growing rapidly

 

Rapid growth has always been the driving ethos of the Topworth Group and we are proud to be a key example of this. From an installed capacity of 3400 TPA for sheet/coil in 1992, we have reached a capacity 12600 TPA. This has been achieved through debottlenecking of key equipment, engineering modifications, and addition of new equipment like Roll Grinding M/c, Sheet Cut to Lengths, Water Treatment Plant and replacement of ineffective utilities.

Our state-of-the-art Conversion Project was successfully completed during the F.Y. 2011-2012. In this plant, Gujarat Foils Ltd. has set up a state-of-the-art battery of Gravure Printing Machines that has the special capability of printing on both sides of the aluminium foils, which are processed through the Laminator & Coater Machines. These printing machines also have the capability of auto registration. In addition to this, we have also installed a state-of-the-art ventilation system with AHUs & Scrubbers that supply air filtration through a 10 micron filter. The availability of good Surface Slitters, as well as Doctoring/Rewinding machines makes Gujarat Foil Ltd. a prudent quantity supplier to the Pharmaceutical Industry.

The above mentioned facility along with the availability of foil from the existing state-of-the-art Achenbach Mill, which is in the same premises, ensures that Gujarat Foils Ltd. is one of the most preferred vendors to the Pharmaceutical Industry. Considering, in today's day, the limited availability of these kinds of facilities in the country, enables Gujarat Foils Ltd. to considerably enrich the product market and further improve the companies reputation.

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JOURNEY:Top Worth

1999- The Journey Begins of TopWorth Group under Guidance of Abhay Lodha - commencement of Iron and Steel trading

2004- First Strident Steps - Topworth Steel plant commissioned with a capacity of 1,65,000 MT, 135000 MT SMS, 150000 MT Structure, 20 MW Power.

2005- The Growth Begins 

2006- The Growth Accelerates of TopWorth Group

2007- Another Step Forward

2008- Boldly Ahead - In the financial year 2007-2008, Sathyarth Steel Pvt. Ltd. with a capacity of 30,000 TPA of Sponge Iron, Crest Steel and Power Pvt. Ltd. with a capacity of 105,000 TPA of Sponge Iron, 75,000 TPA of Billets & 12 MW Power and Shree Virangna Steels Ltd. with a capacity of 60,000 TPA of Sponge Iron were added to Topworth Group through acquisitions.

2009- Stepping into The World - We established offices in Dubai and Singapore to become truly global. The year also marked our first foray into India's dynamic infrastructure sector with the setting up of the Topworth Infrastructure. The company is dynamic and ready to go with over 270 kms under construction through various projects.

2010 - A new Dimension - A dynamic new member joined the Topworth family with the commissioning of the the first plant of Topworth pipes and tubes with a capacity of 375,000.

2011- Into The History Book - Acquired a met coal(Metallurgical Coal) mine with a reserve of over 42 million tons in Siberia, Russia.

2012- Green Horizons - Entered Agri- business with acquisition of 50,000 hectors of leased land in Republic of Guinea.

2013- Growing Further - TMT Rolling Mill with a capacity of 3 Lakhs TPA commissioned at Topworth Urja & Metals Ltd., Nagpur.

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Abhay Lodha: India’s leading business leader

Topworth, founded in 1999 as small Steel Trading operations, under his direction and leadership has transformed into a strong integrated company with business interests in Steel, Power, Trading and Infrastructure. A global corporation with a diversified business portfolio, Topworth has caught the imagination of market leaders with such swift rise.

   Abhay Lodha, chairman-founder and promoter of the Topworth group,  said – ‘The Government and India’s entrepreneurs should engage more, with an improved interface. We are not seeking to create a scenario or solution, but simply to be able to advise them more. Our experiences in financial management could come in handy. It is time the Govt put the private sector more into consideration.’
We are in the 21^st century and India still has a lot of catching up to do - Whether it is in the business infrastructure sector or in the mechanism of policy-making. The Public-Private-Partnership is already in place in India but an improved version needs to be quickly introduced.
Abhay Lodha's fantasy is not just to hoist his organization to the most astounding platform. He has faith in bringing with him the others, the individuals who have not had the benefit to climb, unrestricted. He made the Topworth Foundation for Social Development, with a dream that outfitting the undiscovered capability of this sizable segment of the general public can achieve the financial change in the nation
As one of India's heading business pioneer, Abhay Lodha may well have his wish work out. The new Government has effectively laid its expectation clear, whereby monetary improvement will run as one with expanded private cooperation. 
Such creative, strong plans and a craving to help more to the development of India's economy has been the sign of Mr. Lodha.

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Abhay Lodha: Inspiring Entrepreneurs Of Tomorrow

Abhay Lodha, chairman-founder and promoter of the Topworth group, while lecturing in a symposium on ‘India’s emerging entrepreneurs’ said – ‘The Government and India’s entrepreneurs should engage more, with an improved interface. We are not seeking to create a scenario or solution, but simply to be able to advise them more. Our experiences in financial management could come in handy. It is time the Govt put the private sector more into consideration.’

We are in the 21st century and India still has a lot of catching up to do - Whether it is in the business infrastructure sector or in the mechanism of policy-making. The Public-Private-Partnership is already in place in India but an improved version needs to be quickly introduced.

Abhay Lodha believes in collective leadership. There is much essence in his message. Entrepreneurship almost always involves pushing against the status quo to capture opportunities and create value and that is what is being reflected in his vision.

India needs an increased participation from entrepreneurs to run the economy of the country. We cannot run the nation’s economy exclusively with civil servants. Those who create real wealth are the entrepreneurs and their timely inputs and intervention at critical juncture should be sought by the country.

As one of India’s leading business leader, Abhay Lodha may well have his wish come true. The new Government has already laid its intention clear, whereby economic development will go hand in hand with increased private participation.

Such innovative, bold ideas and a desire to contribute more to the expansion of India’s economy has been the hallmark of Mr. Lodha.

Topworth, founded in 1999 as small Steel Trading operations, under his direction and leadership has transformed into a strong integrated company with business interests in Steel, Power, Trading and Infrastructure. A global corporation with a diversified business portfolio, Topworth has caught the imagination of market leaders with such swift rise.

The advice to do what you love has become a bit of a cliché. Everyone says, "Find your passion." But that's easier said than done. Being an entrepreneur demands commitment and dedication -- more than most jobs do. Abhay Lodha has demonstrated unwavering passion in his pursuit of bringing his business ideas to fruition.

The most successful entrepreneurs are never known to forget how much they can learn from others. They ask for advice. They're flexible. They soak up the best practices around them like a sponge. Abhay Lodha has exhibited, through his years of dedicated endeavour, an open-mindedness that has had a positive impact on many aspiring entrepreneurs.

A forward-looking approach and constant flow of ideas has made him stand out amongst his peers. He is not an iconic figure, at least not just yet. However, his continued effort may soon see him join the bastion of great Indian entrepreneurs.

Abhay Lodha’s dream is not just to elevate his company to the highest pedestal. He believes in taking with him the others, those who have not had the privilege to rise, unencumbered. He established the Topworth Foundation for Social Development, with a vision that harnessing the untapped potential of this sizable section of the society can bring about the socio-economic transformation in the country.

From tenacity to the ability to tolerate risk, Abhay Lodha has reflected it all in his journey.

Source : http://businesswireindia.com/news/news-details/abhay-lodha-inspiring-entrepreneurs-tomorrow/39664

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Abhay Lodha - MINING

According to Mr. Abhay Lodha, Founder and Promoter of Topworth Mining was set up as part of our thrust towards backwards integration and has grown to become one of our key focus areas for the future. TopWorth is increasing his Steel production and is set to quadruple by 2014.Abhay Lodha says in this scenario topworth mining operations too are being primed for major growth.

Reserves

According to Abhay Lodha TopWorth currently hold over 33 million tons in coal and 30 million tons in iron ore reserves in India and are growing stronger. Our recent acquisition of a working coking coal mine in Siberia with proven reserves of over 42 Million tons of coking coal has further added to our strength. This is a landmark acquisition as this is the first time that an Indian company has acquired a working coking coal mine.

Future Ready

Mining will be a key focus area for Topworth in the future. We have already made a large scale mine acquisition in Siberia and are actively scouting for major acquisitions across the globe and we intend to become a major mining company and supply minerals to the open markets.

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About Ahay Lodha

Abhay Lodha - Chairman and Managing Director

 Abhay Lodha is Founder and Promoter of Topworth group. Topworth, founded in 1999 as a small Steel Trading operations, under Mr. Abhay Lodha's guidance and leadership has grown into a strong integrated company with business interests in Steel, Power, Trading and Infrastructure. In a relatively short span of a decade, Mr. Abhay Lodha, armed with his passion, vision and drive has transformed his small trading operations into a trading powerhouse and global conglomerate with a diversified business portfolio. Today Topworth is viewed as an up-and-coming growth player by the Indian industry.

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Abhay Lodha - Steel Flagship

According to Abhay Lodha Steel is our flagship businesses. With a combined capacity of 1,000,000 tons of iron and steel products and 4 plants spread across all the premier iron ore producing regions, we are rapidly growing player in this key sector.

Our diverse range and multiple locations allow us to provide unparalleled customer service. Our manufacturing processes are inherently flexible, allowing us to respond quickly to customer needs and provide them with products that they need.

Semi Finished Steels

Billets/Blooms

In TopWorth Group of Companies Sponge Iron, Mild Steel Scrap and other alloying elements such as Carbon, Manganese and Silicon are melted in the Electric Furnaces to get the molten steel of the desired composition which is then cast into square cross-section semi-finished steel bars called as Billets in a Continuous Casting Machine (CCM) . These Billets are then rolled in the Rolling Mills at a temperature above 1000 Deg C to make rolled products such as Beams and Channels, Angles, Rounds, Squares and TMT Bars. The Steel Melt Shop (Billet Plant) comprises of Induction Furnaces equipped with Continuous Casting Machine (CCM) for manufacture of Steel Billets/ Blloms ranging from 100 Sq.mm to 250 Sq.mm cross section. An expansion of the steel making capacity is on and the wok is under progress.

Sponge Iron

The metallic Iron obtained from Iron Ore or Iron Ore pellets by direct reduction in Coal based Rotary Kilns is called as Sponge Iron. The name sponge Iron comes due to the porous structure of the reduced Sponge Iron due to removal of oxygen from the Iron Ore (Hematite) structure, when observed through the microscope. The Sponge Iron along with MS Scrap is charged into the Melting Furnaces to get the Steel Billets.

As part of the Topworth Group, growth is a constant at all our plants. We have invested heavily in capacity expansion and a lot of new capacity is projected to go online by 2013, by 2014 we will have quadrupled our current production capacity and will be capable of producing over 2.5 MT of Steel and Steel products.

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Buy Gujarat Foils; target of Rs 97: Sunidhi Securities

"Established in 1992 with a capacity of 3, 400 tpa by Abhay Lodha, Gujarat Foils (GFL) is a part of the $1billion Topworth Group, and is the third largest manufacturer of aluminium foils and sheets in India. Topworth group has presence in packaging, steel, steel pipes and tubes, agriculture, infrastructure, mining and energy sectors. GFL's manufacturing plant is located at GIDC, Chhatral, Kalol, Gandhinagar, Gujarat and manufactures aluminium rolled products (Sheet & Foil) with an available capacity of 12,600 TPA. The total plot area of this plant is 20,000 sq. meters. that includes a 9,000 sq. meters. built-up area within for sheds, office buildings, canteens and quarters. GFL also has 20,000 sq. meters. of land in Kutch area for a wind mill, and 1,00,000 sq. meters of land near Dist. Viramgam reserved for future expansions."

 "During FY11-12, GFL set up a new state-of-the-art Foil Converting Plant exclusively for the pharmaceutical industry after which, GFL obtained the prestigious Drug Master File from USFDA. GFL provides converted foil (Pharma/Blister/Plain/Printed) to pharmaceutical clients from this facility. During Q1FY15, GFL has posted excellent results led by operational excellence. During Q1FY15 while sales advanced by 23.5% to Rs102.5 crore, net profit shot up by 64% to Rs3.6 crore. OPM & NPM stood at 11.6% and 3.5% against 13.3% and 2.7% respectively in Q1FY14.During FY14 sales advanced by 24.9% to Rs429.9 crore and net profit rose by 53.3% to Rs9.3 crore. EPS was Rs11.2. OPM & NPM stood at 11.7% and 2.1% against 12.2% and 1.7% respectively in FY13. To conserve the resources, keeping in mind the future expansion, no dividend has been declared. The Indian pharma industry is pegged at about $22.5 billion (Rs1,37,025 crore) and is expected to touch US $27 billion (Rs1,64, 430 crore) in 2016 and $55 billion (Rs3,34,950 crore) by 2020 at a CAGR of 15-17% indicating it’s a scorching growth pace. (McKensey). This augurs well for the future growth of GFL. The demand for disposable food packing /serving products is increasing and GFL foresees huge opportunity. GFL. It is also active in the process of strengthening its sales and distribution system across India to optimize available business opportunity. Today, GFL is enjoying the status of being one among the preferred suppliers to Pharma companies because of its orientation towards customer service and product quality. The barrier properties of foils produced by GFL are rated one among the best in the country due to technological innovation." 

"GFL's Consumer Products Business (CPB) division has registered a substantial growth with its “NUTRIWRAP” brand both on kitchen foil as well as for institutional sales. Riding on the same, GFL has also forayed into the food services business and today the brand is poised to be one of the top brands in this segment. GFL through its 'sub-organisation' - CPB strategises to have its footprint as the leading company in India in the near future. At the CMP of Rs48, the share is trading at a P/E of 2.2x on FY15E and 1.7x on FY16E. We recommend BUY with a target price of Rs97 in the medium-to-long term at which, the share will trade at a P/E of 3.5x on FY16E,” says Sunidhi Securities research report.  

source:http://www.moneycontrol.com/news/recommendations/buy-gujarat-foils-targetrs-97-sunidhi-securities_1158505.html

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