Mangal Industries aims rs. 3,000-cr revenue by 2025
Amara Raja Group’s subsidiary registers a revenue growth of over Rs 450 cr in FY22
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Hyderabad: Mangal Industries Ltd (MIL), the second largest subsidiary of the Amara Raja Group, has witnessed a tremendous growth of over Rs 450 crore in FY 2021-22, with revenue clocking over Rs 1,400 crore. Having evolved as a design-led manufacturing company, MILserves a broad spectrum of industries with deep-domain expertise in auto components, metalfabrication, battery components, tool works, storage solutions and custom fabrication.
Currently, the company employs over 3,000 people across its nine manufacturing facilities, and
has become the second largest within the $1.3 billion Amara Raja Group. With aggressive growth plans, MIL will increase focus on the export market and also work towardsentering new segments of aerospace, defence and medical equipments. The company is confident of more than doubling its current turnover by 2025.
Harshavardhana Gourineni, Director at MIL said, "The company has played a pivotal role in the overall growth of the group. Over the last 25 years, it has grown to become a multi-business company and each of its business units have earned a unique position among its valuedpartners. We also have strong plans to leverage and integrate digital technologies like IoT, blockchain, AI & ML into our core offerings to provide path-breaking products and services to our partners."
