| Composite Products | Manufacture and sale of fiber-based friction materials for automotive and rail applications. | ISO certifications, established client base, joint venture for advanced disc brake pads, and extensive manufacturing footprint. | B2B customers including vehicle manufacturers, railways, and transport companies. | Disc brake pads and railway brake blocks with better margins due to specialized application. | 158 | 83 | Direct sales to OEMs and replacement markets, long-term supply contracts with state transport companies. | Sales priced per contract, volume and product specifications; competitive and cost-plus pricing. | Automotive industry recovery, rail infrastructure growth, elimination of asbestos boosting product acceptance. | Brake Liners, Roll Linings, Clutch Facings, Disc Brake Pads, Railway Brake Blocks |
| Investment | Investment income from deployment of surplus funds in various asset classes. | Conservative investment strategy ensuring capital protection and steady returns. | Internal investment segment; not customer-facing. | Stable recurring income with low risk focus. | 38 | 17 | Income from interest, dividends, and capital gains, managed with capital protection focus. | Returns based on market and interest rates; conservative portfolio approach. | Prudent fund management amid volatile markets. | |
