What we do Monind Limited manufactures ferro alloys and allied products essential for steel production, including ferro chrome, ferro manganese and silico manganese. |
Founded in 1,982 |
Market share Established player in ferro alloys sector with historical expansions but currently facing operational challenges. |
Problem solved Provides essential alloy additives and deoxidizers integral to steel manufacturing processes for stronger steel products. |
Top clients or who we serve Serves steel producers and stainless steel manufacturers, primarily a B2B company. |
Key management Mahesh Kumar Sharma (Whole Time Director & CFO), Keshav Sharma (Director). |
Our journey and innovations Founded in 1982, went public in 1996, expanded ferro alloys capacity in 1990s, renamed Monind in 2020, diversified into sugar and power earlier but currently focusing on alloys. |
Where we operate Operations primarily in India with past presence in UK real estate; currently no active international footprint. |
Top products or what we offer Ferro chrome, ferro manganese, silico manganese, silico alloys used as inputs in steel manufacturing. |
Top brands - |
Raw materials needed Raw materials include chromite and manganese ores for ferro alloys production. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue typically cyclical, tied to steel industry demand, but currently nil due to suspension of operations. |
Our industry position Moderate player with historical capacity expansions but currently facing suspension of manufacturing activities. |
Financial highlights Reported zero revenue and a net loss of Rs 2.54 crore for FY 2024-25. |
Geographical revenue split Revenue currently nil; historically domestic focus in India. |
Order book - |
Whats driving growth Optimism from management on future performance despite current inactivity; historically driven by steel sector demand. |
Our future plans No current operational plans disclosed; awaiting renewal of leased land and resumption of ferro alloys production. |
Our green promise - |
Our people and values Board includes diverse directors; compliance and governance processes in place; no operational workforce details due to current inactivity. |
Key challenges ahead Non-renewal of leased plant land has halted operations; financial losses and market uncertainties pose risks. |
Interesting facts Started as a real estate developer in UK before pivoting to ferro alloys manufacturing in India. |
Risks and strategy Key risk is operational suspension due to land lease expiry; strategy appears focused on resolving land issues and reviving manufacturing. |
