Mangalam Alloys

What Mangalam Alloys does

Mangalam Alloys Ltd (MAL) is a Gujarat-based, NSE-listed stainless steel manufacturer founded in 1988 and registered as a public company in 1995. The company operates an integrated melting-through-finished-product facility at GIDC Chattral, Gandhinagar, across approximately 40,000 square meters with 40,000 TPA installed capacity, producing forging ingots, billets, rolled cast sections, black and bright round bars (including forged bars up to 400mm), hexagonal/square bars, angle bars, flat bars, fasteners (M16 to M90), and custom forgings across austenitic, martensitic, duplex, super-duplex, and hot-die steel grades. All products are supplied to EN, DIN, JIS, ASTM, BS, ASME, and AISI specifications with multiple heat-treatment options, and the company holds a DSIR-recognized in-house R&D center, ISO 9001:2015, PED 2014/68/EU, Defence of India vendor approval, a Two Star Export House Certificate, and CBAM conformity.

The company's revenue model is straightforward B2B hardware sales of stainless steel long products, priced on a quote basis with multi-year contracts and sold through three dedicated sales channels — domestic ([email protected]), export ([email protected]), and fasteners ([email protected]). Disclosed annual turnover is INR 2,500 million with a workforce of 700+ employees (780 stated on the About page), serving industrial manufacturing, marine, defence, oil and gas, and export customers. The company is part of the UCM Group, which combines ~1,500 employees and INR 5,000 million in group turnover.

Operationally, MAL differentiates on its Zero Waste / Zero Discharge environmental posture, proprietary in-house waste processing technology, and a comprehensive quality testing infrastructure (optical emission spectrometers, mobile handheld spectrometers, ultrasonic testing, Brinell/Rockwell hardness, tensile testing, optical pyrometers). Under Managing Director Tushar Mehta, turnover quadrupled from INR 500 million to INR 2,000 million within seven years; the website now reports INR 2,500 million. Marketing is conducted through a product-catalog website, an investor relations portal, social media presence, and direct sales outreach. There is no evidence of AI/ML, software, or platform components in the offering — the business is fundamentally an industrial materials manufacturer.

Name

Mangalam Alloys

Legal name

Mangalam Alloys Ltd

Website

https://mangalamalloys.com

Company type

Public

Founded year

1988

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Mangalam Alloys Ltd is a Gujarat-based, NSE-listed stainless steel manufacturer producing bars, billets, forgings, and fasteners for industrial, marine, defence, and oil and gas customers under EN/DIN/JIS/ASTM specifications. It operates a 40,000 TPA integrated facility with DSIR-recognized R&D and Defence of India vendor approval.

Ownership category

akta.pro rank

Product category

Stainless Steel Manufacturing

NAICS

Iron and Steel Mills and Ferroalloy Manufacturing (3311), Steel Product Manufacturing from Purchased Steel (3312), Rolling and Drawing of Purchased Steel (33122), Turned Product and Screw, Nut, and Bolt Manufacturing (33272)

SIC

Miscellaneous Primary Metal Products (3390), Miscellaneous Fabricated Metal Products (3490)

akta.pro primary industry

Specialty & Alloy Steel (Stainless, Tool Steel, Electrical Steel, High-Strength/HSLA) (IMAKABAJ)

Keywords

• Stainless steel manufacturing
• Steel bar production
• Industrial forgings
• Stainless steel fasteners
• Steel long products

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Stainless Steel Products Manufacturing: Manufacturing and sale of stainless steel products including forging ingots, billets, RCS, round bars, hexagonal/square bars, angle bars, flat bars, bright bars, forged bars, fasteners, and forgings. Turnover of INR 2500 million with product sales to industrial customers.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Mangalam Alloys manufactures stainless steel long products from its integrated steel melting and processing facility in Gujarat, India. Its product portfolio spans semi-finished inputs (forging ingots, billets, RCS), finished long products (black/bright round bars, hexagonal/square bars, angle bars, flat bars, forged bars) and downstream engineered components (stainless steel, duplex, and super duplex fasteners plus custom forgings). Products are supplied to industrial customers across defence, marine, oil and gas, and general engineering sectors in compliance with EN, DIN, JIS, ASTM, BS, ASME, and AISI specifications.

Product overview

Mangalam Alloys Ltd is a stainless steel melting and manufacturing company producing a comprehensive portfolio of stainless steel long products. The product line includes foundational semi-finished products (Forging Ingots, Billets, RCS) that feed into downstream processing, as well as finished bars and sections (Black Round Bar, Bright Round Bar, Bright Round Forged Bar, Hexagonal/Square Bar, Angle Bars, Flat Bars). The company also manufactures finished industrial components including Fasteners and custom Forgings across various steel grades including austenitic, martensitic, duplex, and super duplex stainless steels. All products are available in multiple international specifications (EN, DIN, JIS, ASTM, BS, ASME, AISI) and can be supplied with various heat treatments.

Differentiator

Problem solved

Functional benefit

Products and services

• Forging Ingots Stainless steel forging ingots in sizes ranging from 9.0" x 10.5" to 21.0" x 23.0", available in as cast/as rolled or annealed supply conditions, used as raw input for forging and downstream long product manufacturing.
• Billets Stainless steel billets in square cross-sections in sizes 100x100mm, 120x120mm, 140x140mm, 160x160mm, and 200x200mm, used as feedstock for bar and section rolling.
• Rolled Cast Sections (RCS) Rolled cast sections in square sizes including 45x45, 55x55, 63x63, 75x75, 80x80, 90x90, 85x85, 95x95, and 100x100mm for industrial applications.
• Black Round Bar Black round bars in sizes ranging from 14 to 135mm (9/16" to 5 5/16") used in various industrial applications.
• Bright Round Bar Precision finished bright round bars in sizes 3mm to 130mm (1/8" to 5"), lengths 3 to 7.5 meters, with tolerances h8, h9, h11, h12, k12, k13, and available with heat treatments including annealed, solution annealed, oil and water quenched, tempered, and normalized.
• Bright Round Forged Bar Large diameter bright forged round bars in sizes 135 to 400mm (5 5/16" to 15 3/4"), lengths 2.5 to 6 meters, with k12 and k13 tolerances, for heavy industrial use.
• Hexagonal / Square Bar Hexagonal and square bars in sizes 12mm to 60mm (1/2" to 2") with h11, k12, k13 tolerances, lengths 3 to 6 meters, available with heat treatments including annealed, solution annealed, oil/water quenched, tempered, and normalized.
• Angle Bars Stainless steel angle bars in sizes from 20x20x3 to 100x100x12 (mm) or 3/4 x 3/4 x 1/8 to 4 x 4 x 1/2 (inches).
• Flat Bars Stainless steel flat bars in dimensions from 20x5 to 100x12 (mm) or 3/4 x 3/16 to 4 x 1/2 (inches).
• Fasteners Stainless steel, duplex, and super duplex fasteners including hex screws/bolts (M20 to M30), hex nuts/heavy hex nuts (M30 to M76), studs/threaded bars (M16 to M90), allen caps, allen CSK, square head bolts, and special fasteners such as anchor bolts, foundation bolts, resin anchors, and U hooks for marine fenders; complies with IS, BS, DIN, ASTM, JIS standards.
• Forgings Custom forgings in general engineering grades (C20, C35, C40, EN-8, EN-9, EN-19, EN-24), heat resisting grades (13CrMo44, 21CrMoV5.11), case carburizing grades (18CrNiMo7-6, SAE-8620), austenitic stainless steel (303/304/310/316/321/347), martensitic stainless steel (410/416/420/431), duplex steel (UNS 32205/F-51), hot die steel (H-10 to H-13), and age hardenable steel (17-4PH, 15-5PH).

Quantifiable outcome

• Turnover doubled from INR 500 million to INR 2000 million within 7 years under current management

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered minor and core.

• Steel Users Federation of IndiaminorOthersIndustry association membership providing networking and standards alignment within the Indian steel manufacturing sector
• UCM GroupcoreStrategic or Co-development PartnerParent group company with more than 3 decades of experience in stainless steel industry. UCM Group has 75,000 TPA installed capacity and INR 5000 million turnover with nearly 1500 employees. Provides strategic direction and shared resources including workforce and manufacturing expertise to Mangalam Alloys.
• NIA Charitable Trust HospitalminorOthersCSR partnership providing healthcare facilities for employees - Chairman Uttam Chand Mehta serves as Chairman for 17 years

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Chandan Steel Limited: Indian manufacturer of stainless steel bars, bright bars, and wire products. Smaller direct competitor serving similar industrial and engineering customers in the domestic market.
• Shah Alloys Limited: Indian stainless steel and special alloys manufacturer producing billets, bars, and wire rods. Similar mid-scale long products focus with overlapping industrial customer base, making it a direct competitor.
• Sunflag Iron & Steel Co. Ltd: Indian producer of specialty steel bars, billets, and wire rods serving engineering and industrial customers. Comparable in steel long products focus and B2B industrial customer segments.
• Viraj Profiles Ltd: One of India's largest stainless steel long products manufacturers, producing bars, wires, fasteners, and flanges. Closely comparable to Mangalam in product mix (stainless long products) and target industrial customer base.
• Mukand Ltd: Indian manufacturer of stainless steel long products, alloy steel bars, and wire rods serving engineering, automotive, and industrial customers. Directly comparable in product range, customer profile, and Indian market positioning.

Broad incumbents

• Jindal Stainless Ltd: India's largest stainless steel producer with integrated flat and long product operations across multiple grades. While far larger and broader, it competes directly with Mangalam in long products and defines pricing dynamics in the Indian market.
• Aperam Stainless Steel: European-headquartered global stainless steel producer with operations across flat and long products, including re-rolling capacity for bars and profiles. Relevant as an international benchmark for stainless long products and for export competition.

Regional players

• Panchmahal Steel Limited: Stainless steel flat products manufacturer based in Gujarat, India. Regional peer with shared industrial customer base in western India though focused on flat rather than long products.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/mangalam-alloys-ltd

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mangalam Alloys