Mangalam Global Enterprise

What Mangalam Global Enterprise does

Mangalam Global Enterprise Limited (NSE: MGEL) is a publicly listed Indian conglomerate headquartered in Ahmedabad, Gujarat, founded in 1942 and now operating across five business verticals. Mangalam Agri is the largest vertical, manufacturing and exporting castor oil and its derivatives, mustard oil, soyabean oil, wheat, rice, and cotton, with manufacturing capacity of approximately 500 tonnes/day mustard seed crushing, 800 tonnes/day soyabean crushing, and 400 bales/day cotton pressing at Kadi, supported by in-house port, railway siding, and warehousing. Mangalam Saarloh produces stainless steel billets and rounds, Mangalam ECS operates an e-waste recycling facility in Nandesari, Mangalam Dura manufactures dyestuffs, and Mangalam Finserv provides structured finance and capital market services.

The company serves global B2B customers in China, Europe, Thailand, Turkey, the USA, South Korea, Taiwan, Africa, and the Middle East through commodity exports, while also distributing edible oils domestically. In FY26 it launched the Neat Everyday direct-to-consumer wellness brand and disclosed a plan to scale to 100 retail stores by March 2028, marking a strategic pivot toward branded consumer distribution alongside the legacy commodity book. The conglomerate is promoter-led by the Mangal family across four generations and has incorporated multiple new subsidiaries in FY26 — Vanasya Organic, Oleo Speciality Products, Neat Everyday, and General Trading FZE (UAE) — to expand into organic/Ayurvedic, specialty oleochemical, branded consumer, and international trading adjacencies.

Revenue mechanics are anchored in commodity processing margins, export realizations, and growing contributions from the consumer and specialty verticals. Reported FY26 revenue reached Rs 34,007.1 million (approximately $407M USD), up roughly 49% YoY, with profit after tax up approximately 96% YoY, funded in part by a Rights Issue completed in June 2024 and balance-sheet actions including a March 2025 stock split and a June 2026 debt-to-equity conversion.

Name

Mangalam Global Enterprise

Legal name

Mangalam Global Enterprise Limited

Website

http://www.groupmangalam.com

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

51–100 employees

Short description

Mangalam Global Enterprise is an Indian conglomerate (NSE: MGEL) operating commodity processing across castor and edible oils, stainless steel, e-waste recycling, dyestuffs, and structured finance, serving global B2B export customers while launching the Neat Everyday branded consumer wellness channel.

Ownership category

akta.pro rank

Product category

Agricultural Products Manufacturing

NAICS

Food Manufacturing (311)

SIC

Food And Kindred Products (2000)

akta.pro primary industry

Starches, Flours & Milling Products Trading/Wholesale (AFAIAKAH)

Keywords

• Castor oil manufacturing
• Edible oil processing
• Stainless steel manufacturing
• E-waste management services
• Specialty chemicals

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Agricultural Products: Manufacturing and trading of castor oil, mustard oil, soyabean oil, wheat, rice, and cotton. Castors seeds sourced from Gujarat with mills in Rajasthan and Gujarat. Products exported B2B to China, Europe, Thailand, Turkey, USA, South Korea, Taiwan, Africa, and Middle East. Business volume exceeding Rs 1000+ crores with 1+ lakh metric tonnes processed.
2. Stainless Steel Products: Stainless steel melting and rolling manufacturing, producing billets, blooms, ingots, round bars, flats, angles, and strips for engineering grade materials worldwide
3. E-waste Management Services: End-to-end management of electrical and electronic waste through environmentally friendly disposal, recycling and refurbishing of electronic equipment (ISO9001, ISO14001, OHSAS45001 and R2 certified)
4. Specialty Chemicals/Dyestuff: Development, production, marketing and customisation of dyestuff for customers worldwide with broad portfolio of colourants and services
5. Structured Finance Services: Customised logistics and finance solutions including bill discounting, bonded warehousing facilities and collateral management
6. Direct-to-Consumer Retail: Wellness brand 'Neat Everyday' selling castor oil and other wellness products through retail stores across India

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Mangalam Global Enterprise manufactures and trades agricultural products (castor oil, mustard oil, soyabean oil, wheat, rice, cotton), stainless steel products (billets, blooms, ingots, round bars, flats, angles, strips), specialty chemicals/dyestuffs, and provides e-waste management services and structured finance solutions. The company also operates direct-to-consumer wellness (Neat Everyday) and edible oil (Lagnam, Tejprakash) brands through retail stores and kiosks across India.

Product overview

Mangalam Global Enterprise is a multinational conglomerate operating across multiple business verticals. The company operates as a unified portfolio of business divisions rather than a single platform product. Core verticals include Mangalam Agri (agricultural products including castor oil, mustard oil, soyabean oil, wheat, rice, and cotton), Mangalam Saarloh (stainless steel manufacturing), Mangalam ECS (e-waste management), Mangalam Dura (specialty dyestuffs), and Mangalam Finserv (structured finance). The company has recently expanded into consumer brands including Neat Everyday (wellness products with retail store expansion planned) and Lagnam (edible oils). Products range from B2B industrial commodities to B2C consumer goods, serving customers domestically and internationally across agriculture, manufacturing, and environmental services sectors.

Differentiator

Problem solved

Functional benefit

Brands

• Neat Everyday: Direct-to-consumer wellness brand launched in 2025, with plans to establish 100 retail stores across India by March 2028.
• Lagnam
• Tejprakash Castor Oil
• Mangalam Agri
• Mangalam Saarloh
• Mangalam ECS
• Mangalam Dura
• Mangalam Finserv

Products and services

• Mangalam Agri Agricultural vertical producing castor oil (FSG grade), mustard oil, soyabean oil, wheat, rice, and cotton ginning (S-6/Shankar-6 variety). Operates oil manufacturing mills and grain mills in Gujarat and Rajasthan supplying B2B customers in India and international markets.
• Mangalam Saarloh Stainless steel manufacturing vertical producing billets, blooms, ingots, round bars, flats, angles, and strips for engineering applications worldwide.
• Mangalam ECS ISO-certified e-waste management company providing end-to-end management of electrical and electronic waste through environmentally friendly disposal, recycling, and refurbishing of electronic equipment (ISO 9001, ISO 14001, OHSAS 45001, R2 certified).
• Mangalam Dura Specialty dyestuff manufacturing and solution provider developing, producing, marketing, and customising dyestuff for customers worldwide with a broad portfolio of colourants.
• Mangalam Finserv Structured finance division providing customised logistics and finance solutions including bill discounting, bonded warehousing facilities, and collateral management.
• Neat Everyday Direct-to-consumer wellness brand launched in 2025 selling castor oil and other wellness products through retail stores across India, with 100 stores planned by March 2028.
• Lagnam Edible Oils B2C edible oil brand for soyabean oil and mustard oil targeting the North Indian market; all products are FSSAI approved.
• Tejprakash Castor Oil Castor oil brand launched in 2024 for direct-to-consumer market, available in 100ml, 200ml, and 500ml bottles.

Quantifiable outcome

• Full-year income grew 48% to Rs 34,007.1 million in FY26
• +4 more outcomes

Named customers7 records

Segments7 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Mangalam Vanasya Organic Private LimitedcoreOthers · 22 January 2026Wholly owned subsidiary (55% stake held by Mangalam Global Enterprise) incorporated on January 22, 2026. Focuses on manufacturing and trading organic products, food products, Ayurvedic healthcare products, and cereals. Represents company's expansion into organic products segment.

Scale indicators16 records

Recent moves15 records

Expansion highlights5 records

Direct peers

• Jayant Agro-Organics: India's largest castor oil manufacturer and derivatives producer. Direct competitor to Mangalam in FSG-grade castor oil, castor derivatives, and de-oiled cake exports, with overlapping global customer base in China, Europe, and USA.
• Kiri Industries: Indian specialty dyestuff and dye intermediates manufacturer. Direct peer to Mangalam Dura vertical, with similar customer base in textile, paint, and printing ink industries across global markets.
• Bodal Chemicals: Indian dye and dye intermediates manufacturer with global footprint. Comparable to Mangalam Dura in specialty chemicals, dyestuffs, and colorants serving textile and industrial customers worldwide.
• Gokul Refoils & Solvent: Indian edible oil manufacturer and processor focused on soyabean, palm, and mustard oils. Direct peer to Mangalam Agri's mustard and soyabean oil processing business in Gujarat with comparable commodity B2B channels.

Broad incumbents

• Adani Wilmar: One of India's largest packaged edible oil and food companies (Fortune, King's brands). Competes with Mangalam's Lagnam edible oil brand and soyabean/mustard oil processing, though at vastly larger scale and with multi-brand retail reach.
• Patanjali Foods (formerly Ruchi Soya): Major Indian edible oils and FMCG player with strong Ayurveda/wellness positioning. Direct competitor to Neat Everyday wellness brand and Lagnam edible oils in North Indian retail channels.
• Jindal Stainless: India's largest stainless steel manufacturer producing billets, blooms, slabs, and long products. Overlaps with Mangalam Saarloh's stainless steel melting/rolling business in engineering grade materials and global export markets.
• Atul Ltd: Diversified Indian specialty chemicals company with dyestuffs, intermediates, and performance chemicals. Overlaps with Mangalam Dura in dye intermediates and colorants, though with broader chemical portfolio.
• Cargill India: Multinational agricultural commodity trader and processor with significant India presence in edible oils, grains, and cotton. Competes with Mangalam across multiple commodity verticals with vastly greater scale and global procurement.

Emerging players

• GRM Overseas: Indian rice and food grains exporter with global reach. Comparable to Mangalam Agri's rice exports from Bavla sorting facility, particularly for African and Middle Eastern markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries8 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 Global Enterprise