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Business EconomyPosted at: Jul 26 2022 5:38PM


Mangal industries eyes INR 3,000 cr revenue by 2025

Hyderabad, July 26 (UNI) Mangal Industries Limited (MIL), the second largest subsidiary of the Amara Raja Group of companies on Tuesday reported a tremendous growth of over INR 450 crore in the fiscal 2021-22, with the revenue clocking more than Rs 1,400 crore and aimed to achieve Rs 3,000 crore revenue by 2025.
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 visionary industrialist and philanthropist Dr. Ramachandra N Galla, Mangal Industries , which was set-up as a small manufacturing unit to supply components to the battery business, has now grown into a multi-product company and currently, employs over 3000 people spread across its nine manufacturing facilities.
The company has become the second largest within the USD 1.3 Billion Amara Raja group.
With aggressive growth plans, MIL will increase 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.
Mr Harshavardhana Gourineni, Director – Mangal Industries, said, "We 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.”
UNI KNR CS1725
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Tags: #Mangal industries eyes INR 3#000 cr revenue by 2025
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