Stainless-steel manufacturer Mangalam Worldwide will transition from the SME platform to the mainboard of the National Stock Exchange (NSE) on Thursday, having secured the necessary approval. Managing Director Chandragupt Prakash Mangal expressed that this move represents a significant milestone aimed at driving sustainable growth and delivering long-term value for all stakeholders.
Mangalam Worldwide operates as an integrated stainless-steel manufacturer, producing a range of products including billets, ingots, bars, flats, angle bars, square bars, and seamless pipes and tubes. “Our products are globally benchmarked, rigorously tested, and traceable end to end, designed to perform reliably in the most critical applications,” Mangal stated.
The company runs modern manufacturing plants in Gujarat, with melting operations in Halol, rolling in Changodar, and production of bright bars and seamless pipes at Kapadvanj. These facilities span over 1.25 lakh square meters and employ more than 1,000 people, featuring a cumulative installed capacity exceeding 1.90 lakh tonnes.
In the second quarter of the fiscal year, Mangalam Worldwide reported a net profit increase of over 68%, reaching Rs 10 crore, while total income rose by 21% to Rs 279 crore, attributed to the company’s integrated business model and focus on value-added products. The firm exports to more than 20 countries and maintains a robust presence across Asia, Europe, the Middle East, and Africa.
Chandragupt emphasized ongoing growth initiatives, stating that the company is expanding its product lineup and enhancing its global footprint. “We are investing in technology and operational efficiency, including initiatives like our captive solar power plant, to promote cost-effectiveness and sustainability,” he noted.
Additionally, Mangal expressed optimism about the recent GST reform measures introduced by the government, believing they will bolster domestic demand and create new growth opportunities for the industry.
Published on September 17, 2025.
