Established on April 06, 1962, Anand I-power Limited is a publicly incorporated company registered with the Registrar of Companies, Mumbai. The company’s authorized share capital is Rs. 1,45,000,000 and its paid-up capital is Rs. 1,33,336,568.
The company manufactures piston rings, clutch plates, groove/alfin inserts, and flat plates along with innovative products like moly plasma inlaid rings, chrome scraper rings, PVD-coated rings, and DLC rings. It has built a reputation as India's leading manufacturer and exporter of piston rings.
Apart from the static casting method, the introduction of the centrifugal casting method has paved the way to manufacturing products aligned with customer expectations.
The company received many awards like Golden Peacock Award for Quality, Exports Excellence Award by EEPC, Ford Q-1 Preferred Quality Status, Productivity Awards by the National Productivity Council and ACMA, Kaizen Award for Productivity Improvement by ACMA, NIMA Corporate Social Responsibility Award, and Green Enterprise Award by Ecoreco,
CIN of Anand I-Power |
U99999MH1962PLC012316 |
Registration Date of Anand I-Power |
April 06, 1962 |
Category/Sub-category of Anand I-Power |
Public Company limited by shares / Indian Non-Government Company |
Registration Number of Anand I-Power |
12316 |
Anand I-Power Registered office & contact details |
20, MIDC Estate Satpur, Nashik 422 007 Maharashtra Tel: (0253) 2202800 |
Anand I-Power Registrar & Transfer Agent Details |
K Fin Technologies Private Limited, Selenium Tower B, Plot Nos. 31 & 32, Financial District, Nanakramguda, Serilingampally Mandal Hyderabad – 500032, India |
|
S.NO. |
Name Of The Company |
Category |
%Of Shares Held |
|
1. |
ASIA INVESTMENTS PRIVATE LIMITED |
Holding of the Company |
93.32% |
|
S.NO. |
Name of the Directors |
Category |
|
1. |
Mr. Mahendra Kumar Goyal |
Chairman and Non-Executive Director |
|
2. |
Mr. Shankar Srikantiah Muguru |
Non-Executive Director |
|
3. |
Mr. Amitabh Srivastava |
Non-Executive Director |
|
4. |
Mr. Kamaljit Singh Bhullar |
Non-Executive Independent Director |
|
5. |
Mr. Narayan Nagorao Vakil |
Non-Executive Independent Director |
|
Name & Description of main products/services |
NIC Code of the Product /service |
% to total turnover of the company |
|
Piston Rings |
2811 |
55% |
|
Other Articles of Non-Malleable Iron |
2431 |
45% |
|
S. No. |
Shareholder’s Category |
No. of Shares |
% of total Shares of the company |
|
1 |
PROMOTERS |
31578224 |
94.73% |
|
2 |
PUBLIC |
1758344 |
5.27 |
|
|
Total |
33336568 |
100.00% |
The start of the financial year 2021-22 was challenging with the Covid-19 2nd wave forcing many states to declare stringent lockdown, shortage of semiconductors led to a lowering of production by several firms from diverse industries. The scenario changed in the 2nd half of the year and operations got normalized with the vaccination drive, demand got picked up and the automotive market did achieve and cross pre-covid levels.
The company has been proactive enough to overcome challenges and has recorded a growth of 39%. The company’s revenue from operation for FY21-22 was ` 1059.7 Lakhs, as compared to `763.5 Lakhs in the previous financial year. The company’s Export grew 42% to Rs. 204 Lakhs in FY21-22 from 143 Lakhs in FY20-21.
The further company was cautious about its growth to keep in mind profit margins and has taken efforts to take price increases from customers, cost-saving projects, reduction in rejection, and improvement in productivity to mitigate input cost increases.
During the year company invested in a new project, the High-Pressure Moulding line. This investment will add a new product line to the company’s existing capability and add a parallel revenue stream to the company’s existing business line ensuring stability with growth.The company has recorded Earnings Before Interest, Tax, Depreciation & Amortization at ` 64.8 MINR as compared to ` 26.4 MINR in the previous year.
