Naresh Chauhan | Palanpur8 minutes ago
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The IPO of a company running in only five shops in Palanpur city of North Gujarat has been subscribed to 738 times more. This company, named Chamunda Electricals Limited, is expected to raise Rs 14 crore from the market through IPO. However, the IPO has risen many times and now Rs 7100 crore has been received from the market instead of Rs 14 crore.
Founder of this company 75 -year -old N.K. Rathore is. He is a former officer of Jetco Company. He founded Chamunda Electricals in 2013 after retiring from this company in 2008. There are currently 800 employees working in Chamunda Electricals Limited. NK Rathore has two sons, one of whom works in his company in Palanpur while the other works as a town planner.
A Jetco company official started the company in 2013 after retiring, currently 800 employees work there. The IPO of Palanpur -based company Chamunda Electricals Limited has been overflowed. The company is now preparing to build the second largest lab.
The work of building the second largest lab in Gujarat is going on N.K. Rathore said that a 4 MW solar plant is currently operational and preparations have been made for other solar plant of 10 MW. There is still a lot of work to be done in the electricity sector. For this, the work of building the second largest lab in Gujarat is going on. We needed only 14.60 crores, but 7100 crores have come, which shows people’s love and confidence towards the company.
Starting a career after retirement: Know how the company became The owner of the company and administrative employees are located in 5 shops in Palanpur. Company founder N. A. Rathore said that I worked in another company till 2008. “Five years after retirement, in 2013, he launched a company called Chamunda Electrical Private Limited. My main objective was to implement my experience in this company. The maintenance work of Jetkona Substation started from Selvas.