### **Overview** Mangalam Worldwide Limited, established in 1995, is a **fully integrated stainless steel manufacturer** headquartered in Gujarat, India. The company operates across the entire stainless steel value chain—from **scrap melting to finished seamless pipes and tubes**, making it a rare player with end-to-end control over production. With over **25 years of operational experience**, Mangalam has built a strong presence across 15 Indian states and exports to more than 20 countries globally. The company’s strategic focus for FY 2025–26 is positioned around **leveraging domestic growth**, expanding **international markets**, and strengthening its role as a **leading supplier of niche, value-added stainless steel products**. --- ### **Key Operations & Infrastructure** - **Manufacturing Footprint**: The company operates **four fully integrated production units** across Gujarat: - **Unit I (Halol)**: Scrap melting and AOD refining; capacity of **66,000 MTPA** for billets and ingots (200, 300, 400 series). - **Unit II (Changodar)**: Rolling mill with **90,000 MTPA** capacity for flat and round bars. - **Units III & IV (Kapadvanj)**: Advanced facilities for **bright bars** and **seamless & ERW pipes/tubes**, including heat exchanger and U-bend tubes. - **Total Installed Capacity**: Exceeding **190,000 metric tons per annum (MTPA)** across all facilities. - **Factory Area**: Covers over **125,000 square meters**, housing modern infrastructure equipped with electric induction furnaces, AOD converters, rolling mills, pilgering benches, and automated finishing lines. - **Workforce**: Employs **over 750 skilled professionals**, supporting high-efficiency production and quality assurance. --- ### **Product Portfolio & Brands** Mangalam Worldwide offers a **diversified range of stainless steel products** under two distinct brands: 1. **Mangalam Saarloh** – For **long products**: - Billets, ingots - Flat bars, round bars, RCS (Round Corner Square) bars - Bright bars (high-precision, cold-finished) 2. **Mangalam Tubicore** – For **tubular products**: - Seamless and ERW (Electric Resistance Welded) pipes and tubes - Heat exchanger tubes and U-bend tubes - Products in austenitic, ferritic, martensitic, duplex, and super duplex grades **Key Stainless Steel Grades Produced**: - Standard: 200, 300 (e.g., 304L, 316L), 400 series - Specialty: 17/4 PH, Duplex (2205), Super Duplex (2507) --- ### **Strategic Strengths** 1. **Vertical Integration** The company’s **fully integrated “scrap-to-finish” model** enables: - In-house raw material supply - Tighter quality control - Lower production costs - Greater agility in responding to market shifts and customer demands 2. **Operational Excellence** - End-to-end process from melting → rolling → cold drawing → finishing - Use of advanced technologies: pilgering, solution annealing, eddy current testing - Continuous improvement through **debottlenecking and process optimization**, boosting throughput 3. **Quality & Compliance** Certified under: - ISO 9001:2015 (Quality Management) - ISO 14001:2015 (Environmental Management) - ISO 45001:2018 (Occupational Health & Safety) - 2014/68/EU (Pressure Equipment Directive – enabling EU exports) 4. **Customization & Customer Focus** Offers **tailored solutions** and **timely delivery**, building long-term partnerships across engineering, automotive, and energy sectors. --- ### **Market Position & Growth Strategy (FY 2025–26)** #### **Domestic Focus** - Aims to **solidify leadership in India’s stainless steel sector** by focusing on **niche long products and specialty tubulars**. - Targeting high-growth sectors: - **Automotive**: Rising demand (industry projected to reach $260–300B by 2026); SS accounts for 10% of national consumption - **Railways, Urban Infrastructure, Green Energy, Defense** - Capitalizing on **government initiatives**: - Make in India - National Steel Policy (2017) - Production Linked Incentive (PLI) Schemes - Supplies critical components for **rail, road, and urban development projects** amid India’s infrastructure boom. #### **Export Expansion** - Strengthening international footprint in Europe, Southeast Asia, Middle East, North America, and Africa. - Recent participation in global trade fairs: - **International Wire & Cable Fair, Düsseldorf (Germany)** - **Duplex World 2024, Rotterdam (Netherlands)** → Showcased stainless solutions, engaged clients, explored new opportunities. - Strategic push to **supply clients diversifying away from China**, particularly in: - Oil & Gas - Petrochemicals - Pharmaceuticals - Aerospace & Medical Devices - Building **overseas distribution networks** and partnerships to secure regional product approvals and enhance logistics. --- ### **Recent Milestones & Developments** - ✅ **April 2024**: Expanded capacity and production reach; confirmed presence in 15 Indian states. - ✅ **March 2023**: Acquired key assets via NCLT process and M&A activity: - Agarwal Mittal Concast Pvt. Ltd. (Halol melting shop) - Vicor Stainless Pvt. Ltd. (Changodar rolling mill) - Demerger of steel division from H.M. Industrial Pvt. Ltd. (Kapadvanj) - ✅ **2023–24 Transition**: Evolved into a **fully integrated "scrap-to-seamless pipes" manufacturer**. - ✅ **October 2024–25**: Achieved **full commercial production** at the Kapadvanj **precision bright bar unit**. - ✅ **Brand Launch**: 'Mangalam Tubicore' launched for seamless & ERW pipes, targeting high-spec industrial applications. --- ### **Subsidiary & Corporate Structure** - **Mangalam Saarloh Private Limited** is a **60% owned subsidiary**, instrumental in consolidating rolling mill operations post-acquisition. ---