Building with vision
Mofatraj P. Munot, the visionary founder and industry stalwart behind Kalpataru, has once again made headlines. Under his leadership, Kalpataru's `1,590-crore IPO was fully subscribed and will be listed early July. A recipient of the 2024 Construction World Lifetime Achievement Award, Mr. Munot brings decades of deep expertise in civil engineering and infrastructure. His foresight has helped shape Kalpataru into a trusted name with a pan-India footprint across residential, commercial, and township developments. His portfolio also includes Kalpataru Projects International, the infrastructure company which was awarded among the fastest growing construction company in the ultra large category at the 22nd Construction World Global Awards, with an operating revenue of over `190 billion and currently has an order book of `645 billion. In June, the newly secured projects include the company’s largest-ever order in the Building & Factory business involving the development of over 12 million sq ft of residential buildings along with associated infrastructure on a design and build basis.

Expanding India’s Maritime Reach
Mazagon Dock Shipbuilders (MDL) is set to acquire a controlling stake in Colombo Dockyard PLC (CDPLC), Sri Lanka’s largest and oldest shipyard, for $52.96 million. Once completed, the deal will make CDPLC a subsidiary of MDL and significantly enhance India’s shipbuilding capacity in the Indian Ocean region. Located near some of the busiest global shipping lanes, the Colombo yard holds immense strategic value. The acquisition not only strengthens MDL’s production footprint but also serves as a critical geopolitical move amid growing regional competition. Capt. Jagmohan, IN (Retd.) is the Chairman & Managing Director of MDL.

Strengthening JSW’s Paint Push
Under the leadership of Parth Jindal, JSW Paints continues to chart bold moves in India’s fast-growing paints and coatings sector. In a bold move that marks a turning point for the Indian paints industry, JSW Paints, has announced the acquisition of up to 74.76 per cent stake in Akzo Nobel India (ANIL) for `89.86 billion. This strategic deal with the Dutch parent Akzo Nobel N.V. brings globally recognised brands like Dulux, Sikkens and International into JSW’s portfolio. The acquisition catapults JSW Paints into a stronger competitive position in both decorative and industrial coatings, enhancing its presence in a sector poised for rapid growth. After combining Akzo Nobel's market share of 6.2 per cent, JSW's total market share stands at 9.2 per cent. Parth Jindal is the Managing Director of the company.