- **Mangalam Alloys is a single-facility Indian manufacturer that turns scrap and raw alloys into finished stainless-steel and higher-alloy bars, shapes and fasteners - everything from melting to the final polished product under one roof in Gujarat**. The company was founded in 1988 by the Mehta family and has spent decades layering on rolling mills, a bright-bar unit, a fastener division and even a small windmill, so that it now sells more than 15 international grades to industrial buyers worldwide. The recurring approach is to stay small enough to keep costs low while chasing the complex, high-value grades that larger mills often ignore - a “one-stop-shop” strategy built on integration, import substitution and a zero-waste ethos. # Business segments A single integrated engine - melting, rolling, finishing and fastening all happen on one site, feeding a purely B2B customer base across construction, engineering and export markets. ## 1. Integrated long-products: the mill that eats scrap and ships precision steel **One factory takes stainless-steel scrap in at one end and dispatches bright bars, fasteners and custom profiles out the other - no middlemen, no outsourced steps.** - **Sixteen rolling mills shape the metal** - a fleet of rolling mills, including 20-inch, 17-inch and 12-inch units commissioned in 2017, converts ingots into black round bars, round-cornered squares and custom profiles. That scale of rolling capacity lets the company offer more than 15 international grades from a single site, so a customer buying multiple shapes does not need multiple suppliers. - **Bright bars and fasteners capture the finishing margin** - an in-house annealing department and bright-bar unit (added in 2007) plus a fastener division (2009) turn rough bars into high-precision, peeled and reeled bright bars and finished fasteners. A fully automated peeling and reeling machine, installed in 2019, gives the company the surface finish and dimensional accuracy that engineering and automotive buyers demand. - **Energy is partly self-supplied** - a 1.25 MW windmill running since 2008 and an ONGC natural-gas connection feed the plant, providing continuous 24×7 power while keeping the energy mix greener and costs predictable. - **Waste is designed out** - the company operates on a “zero waste” philosophy: all solid waste is recycled and liquid discharge is treated through a sewage treatment plant and reused, a stance backed by two patents for recovering gypsum and metals from neutralised sludge. That lowers disposal costs and turns effluent into a resource. # Group structure and partners **The company stands alone - no subsidiaries, no joint-venture consolidation - but maintains a Vietnamese investment and a web of related-party relationships that supply and buy its steel.** - **A standalone entity with one overseas link** - Mangalam Alloys has no subsidiaries and reports only standalone financials, yet it holds an investment in Mangalam Steel & Alloys Limited (Vietnam), an associate established in 2007. - **Listed, but on the SME platform** - the company raised Rs. 49 crore in a fresh issue on the NSE Emerge SME platform in October 2023, earmarking the bulk for working capital, and remains outside the mandatory Ind AS net, reporting under Indian GAAP.