Maan Aluminium

What Maan Aluminium does

Maan Aluminium Limited is an Indian public limited company that manufactures aluminium extrusions for industrial applications across three primary customer segments: the automotive industry (including EV components for lightweighting), the construction industry (window frames, curtain walls, structural components), and the renewable energy sector (solar panel frames, wind turbine components, energy infrastructure). The company was founded in 1994, is headquartered in New Delhi, employs 101-250 people, and is listed on India's National Stock Exchange under the ticker MAANALU.

The company's core technology is aluminium extrusion manufacturing, supplemented by vertical integration through an in-house solar power plant that supplies energy to its manufacturing operations. This integration addresses energy cost optimization and supply security, which is a material input concern for energy-intensive extrusion. In June 2026, shareholders approved an amendment to the Memorandum of Association to formally expand into electricity generation, transmission, and distribution activities across solar, wind, hydro, nuclear, and hydrocarbon fuel sources, signaling a strategic pivot beyond aluminium products into broader energy.

Maan Aluminium operates a B2B direct industrial sales model, supplying aluminium extrusions to manufacturers and construction companies primarily within India. Pricing is quote-based and not publicly disclosed, consistent with B2B industrial norms. FY2026 (ended March 2026) revenue was Rs 808.71 crore with net profit of Rs 13.03 crore (down 15.99% YoY), and the operating margin compressed to 0.64% in Q4 FY2026 from 3.13% in Q4 FY2025, indicating margin pressure even as the top line stabilized. Leadership comprises Viksit Chadha (CEO & Director) and Ravinder Nath Jain (Chairman & Managing Director).

Name

Maan Aluminium

Legal name

Maan Aluminium Limited

Website

https://maanaluminium.com

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

101–250 employees

Short description

Maan Aluminium Limited is an Indian aluminium extrusion manufacturer serving the automotive, construction, and renewable energy sectors through B2B direct industrial sales. The company operates a vertically integrated model with in-house solar power generation and is expanding into broader power generation activities.

Ownership category

akta.pro rank

Product category

Aluminium Extrusions

NAICS

Other Aluminum Rolling, Drawing, and Extruding (331318)

akta.pro primary industry

Aluminum Extrusion (IMAKACAG)

akta.pro secondary industries

Aluminum Fabrication & Finishing (Machining, Anodizing, Coating) (IMAKACAI), Aluminum Value-Added Components (Automotive, Aerospace, Packaging, Building Systems) (IMAKACAM)

Keywords

• Aluminium extrusion manufacturing
• Industrial aluminium profiles
• Automotive aluminium components
• Construction aluminium products
• Renewable energy aluminium parts

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure

Revenue model

1. Aluminium Extrusion Products: Manufacturing and sale of aluminium extrusions for various industrial applications including automotive, construction, and renewable energy sectors

Distribution channels1 record

Core offering

Maan Aluminium manufactures and sells aluminium extrusions to industrial buyers in the automotive, construction, and renewable energy sectors. The company's core offering is profiled aluminium products used as components and structural parts in vehicles, buildings, and renewable-energy installations. Shareholders have also approved entry into power generation across solar, wind, hydro, nuclear, and hydrocarbon segments.

Product overview

Maan Aluminium is an aluminium extrusion manufacturing company that has recently expanded into power generation activities. The company's primary business involves producing aluminium extrusions for various industrial applications. Following shareholder approval in mid-2026, the company amended its Memorandum of Association to include electricity and energy generation, transmission, and distribution activities, including from solar, wind, hydro, nuclear, and hydrocarbon fuel sources. The company operates a solar power plant that supports its aluminium extrusion manufacturing operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Aluminium Extrusions for Automotive Applications

Quantifiable outcome

• 99.9976% shareholder approval for MOA amendment

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Hindalco Industries: Aditya Birla group's flagship aluminium and copper company, India's largest integrated aluminium player with significant downstream extrusion capacity serving automotive, construction, and packaging. Comparable as the dominant broad incumbent competing against Maan in aluminium extrusions across the same end markets.
• National Aluminium Company (NALCO): India's leading public sector aluminium producer with operations across the value chain from bauxite mining to aluminium products. Comparable as a large Indian aluminium incumbent expanding into downstream value-added segments that overlap with Maan's extrusion business.
• Bharat Aluminium Company (BALCO): Vedanta-owned integrated aluminium producer from mining to rolled and extruded products, with growing downstream value-added capacity. Relevant as a broad incumbent competitor in India's aluminium extrusion supply chain alongside Maan.
• Vedanta Aluminium: Vedanta's aluminium business is one of India's largest primary and value-added aluminium producers, including extrusions and rolled products for automotive, construction, and electrical customers. Relevant as a large integrated incumbent overlapping with Maan's extrusion customer base.

Direct peers

• Jindal Aluminium: One of India's largest aluminium extrusion and rolled product manufacturers with a diversified product portfolio serving architectural, automotive, and electrical applications. The closest direct peer to Maan in terms of pure-play extrusion focus, customer segments, and scale.
• Sacheta Metals: Indian aluminium extrusion and rolled products company serving consumer durables, electrical, and architectural segments. Comparable to Maan as a small-cap Indian extrusion peer competing in similar industrial end markets.
• Century Extrusions: Indian aluminium extrusion manufacturer producing billets, profiles, and tubes for architectural, industrial, automotive, and electrical applications. Highly comparable as a smaller pure-play extrusion competitor operating in overlapping Indian end markets with Maan.
• Manaksia Aluminium Company: Aluminium flat-rolled products and extrusion manufacturer in India serving packaging, automotive, and construction markets. Comparable to Maan as an Indian extrusion peer in overlapping downstream applications.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

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 Maan Aluminium