Morarka Finance Limited has been promoted by Mr. Gautam R Morarka, one of the well known industrialists and businessmen who are shaping the industrial landscape of the country. He heads Dwarikesh Group that manages a host of successful companies in areas as diverse as sugar, power, distilleries, ethanol production, agriculture production, media and information technology. Dwarikesh Sugar Industries Limited (DSIL) is an integrated conglomerate primarily engaged in the manufacture of sugar and allied products. Dwarikesh Sugar's plants are based in Uttar Pradesh, the land of gangatic plains known for a high yield of sugarcane. Other companies of the group are run from Mumbai and New Delhi.
The flagship company DSIL, 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.
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 6 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 manages the portal.
The portal has as many as 30 categories of content, and some prominent personalities such as Mr. Tarun Vijay 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.
Our news portal has evinced considerable interest among surfers / readers, especially the NRIs and surfers in capital cities of India. Going by the number of daily page views, it falls among the top three Hindi portals in the world.
In March 2016, DIL launched Prabhasakshi Epaper and within two months epaper achieved almost 30 thousand daily visitors. Keeping with the new technological developments and concurrent online trends, the portal, www.prabhasakshi.com was revamped and redesigned in March 2016. Prabhasakshi Mobile app also launched with new version or portal. Now Prabhasakshi is only Hindi News portal which have Text News, Audio News and Video News. Prabhasakshi mobile app is available for download on Google play store.
Recently Prabhasakshi and UCWeb of China's alibaba.com signed the agreement. Prabhasakshi provides the news content for UCWeb mobile app.
Prabhasakshi.com has been judged as one of India's '25 successful internet portals' by 'Kadambini' magazine published by the reputed Hindustan Times group. The portal has also been listed as one of India's top 250 IT implementations by the well-known IT magazine 'PCQuest'. 'Media Critique', a reputed journal of the media world, has featured Prabhasakshi as a pioneering portal in Hindi language and has interviewed Mr. G.R. Morarka, Chairman of Dwarikesh Informatics Limited in this regard.