Hyderabad, July 26 (UNI): Mangal Industries, the second largest subsidiary of the Amara Raja Group of companies, has witnessed tremendous growth of over Rs 450 crore in FY 2021-22, with revenue clocking over Rs 1400 crore. Having evolved as a design-led manufacturing company, Mangal Industries serves a broad spectrum of industries with deep-domain expertise in Auto Components, Metal Fabrication, Battery Components, Tool Works, Storage Solutions, and Custom Fabrication.
Founded by philanthropist Dr. Ramachandra N Galla, Mangal Industries was set up as a small manufacturing unit to supply components to the battery business, it has now grown into a multiproduct company that lists some of the largest brands in the country as its customers. Currently, the company employs over 3000 people spread across its nine manufacturing facilities and has become the second largest within the USD 1.3 Bn Amara Raja group. Each of its facilities is supported by state-of-the-art equipment to meet superior operational efficiencies. Over the years, the facilities have created thousands of jobs, thus resulting in a strong local talent pool, and improving overall living standards in the communities it operates around. With aggressive growth plans, MIL will increase its focus on the export market and also work towards entering new segments of Aerospace, Defence, and Medical Equipments.
The company is confident of more than doubling its current turnover by 2025. Harshavardhana Gourineni, the Director, said, “Mangal Industries 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 has earned a unique position among its valued partners.
