Mach Conferences & Events Limited Secures Three International Orders from Adani Cement
Team Finance Saathi
03/Feb/2025
What's covered under the Article:
- Mach Conferences & Events Ltd. secures three international orders from Adani Cement in Uzbekistan, UAE, and Thailand.
- The orders, to be completed in FY 2025, are a significant achievement within a month of MCEL’s empanelment with Adani Group.
- The company's leadership expresses strong confidence in expanding revenue share from Adani Group, targeting 10% in the next year.
Mach Conferences & Events Limited (BSE: MCEL, Scrip Code: 544248), a prominent player in the MICE (Meetings, Incentives, Conferences, and Exhibitions) industry in India, has recently achieved a significant milestone. The company has secured three prestigious international orders from Adani Cement, marking a major step forward in its global expansion. These new contracts will be completed in the financial year 2025, and they highlight the growing trust and confidence that Adani Group places in MCEL for delivering high-quality event management services.
Details of the New International Orders
The awarded projects are a combination of global locations, each unique in its scope and scale:
- Tashkent, Uzbekistan – A 4-night, 5-day event hosting 375 participants.
- Dubai, UAE – A 4-night, 5-day event with 68 participants.
- Phuket and Krabi, Thailand – A 4-night, 5-day event for 82 participants.
What makes these orders particularly remarkable is the fact that they were awarded just one month after Mach Conferences & Events Ltd. was empaneled with Adani Group. This swift development reflects the company's efficiency, exceptional service, and the strong relationships it has built with key industry players like Adani Cement.
The Significance of These Orders
For MCEL, this is not just a victory in terms of the business itself, but a testament to their capabilities in handling international corporate events. The company's ability to secure three international projects in such a short span is a remarkable achievement in the MICE industry, where trust, quality, and service excellence are paramount.
Amit Bhatia, Chairman and Managing Director of Mach Conferences & Events Ltd., shared his excitement about the recent success, stating, “After receiving two orders earlier, we are thrilled to win three more bids from Adani Cement. What makes these three orders special is the fact that all of them are international. It is our commitment to deliver these projects with excellence, ensuring that prestigious customers like Adani stay with us and new clients are drawn to our services.”
In addition, Bhatia expressed the company’s goal to increase its revenue share from Adani Group to approximately 10% of its total revenue in the upcoming year. This marks a significant target for MCEL as it strengthens its position in the global MICE market and builds long-term relationships with multinational conglomerates like Adani Group.
Mach Conferences & Events Ltd.'s Expansion and Future Outlook
As MCEL continues to thrive in the global marketplace, these new contracts reflect the company’s ability to cater to diverse, large-scale international events. The company is increasingly being recognized for its capacity to manage complex, high-profile projects with a global reach. By expanding its services to international destinations such as Uzbekistan, UAE, and Thailand, MCEL is positioning itself as a leading player in the global event management sector.
This success is part of a larger trend where Mach Conferences & Events Ltd. is carving out a significant niche for itself in the MICE industry. As businesses increasingly focus on international engagement, events, and corporate collaborations, MCEL’s growing international portfolio is set to be a key differentiator.
The company's leadership continues to focus on delivering exceptional experiences to its clients, ensuring that each project is executed with the highest level of professionalism and attention to detail. By focusing on creating memorable experiences and maintaining strong relationships with clients, MCEL is poised to achieve even greater heights in the coming years.
About Mach Conferences & Events Limited
Mach Conferences & Events Ltd. (BSE: MCEL) is a leader in the Indian MICE industry, offering end-to-end services for organizing corporate conferences, training programs, and incentive events. With a focus on excellence, the company provides comprehensive solutions for clients seeking world-class event management. Known for its unparalleled service and dedication to delivering memorable experiences, MCEL has emerged as a trusted partner for leading businesses and corporations in India and internationally.
Learn more about MCEL and explore their offerings on their official website: www.machconferences.com.
Safe Harbour
This press release contains forward-looking statements that reflect Mach Conferences & Events Ltd.'s expectations concerning future business developments. These forward-looking statements are subject to various risks, including, but not limited to, market trends, governmental and regulatory changes, competitive pressures, and technological developments. While MCEL endeavors to achieve its goals, several factors could cause actual outcomes to differ materially from these projections. MCEL does not undertake any obligation to publicly update or revise these forward-looking statements.
In conclusion, Mach Conferences & Events Ltd. continues to expand its footprint in the global MICE industry, and the recent awards from Adani Cement are a strong indication of its growing capabilities. With a commitment to excellence and a clear vision for the future, MCEL is set to deliver even more impactful events that resonate with global audiences.
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