Aditya Ispat Ltd Company Profile: Product, Promoters and Clients

Aditya Ispat Ltd Company Description 

Aditya, Ispat Limited is a Private Limited Company incorporated on 18 December 1990 with its registered office in Andhra Pradesh. It was subsequently converted into a Public Limited Company in May 1992. It is a major industrial hub in India, allowing it to meet regional demand and explore export potential.

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Question 1: What are the Product and service offerings of the Aditya Ispat?

Company has the capacity of manufacturing Bright Steel Bars of Mild Steels, Carbon Steel, Alloy steel, HB wire including Binding wire. The Product are having wide applications in like automobiles, engineering fans shafts agriculture / irrigation implements, dairy, marine, Pharmaceuticals, hardware industry. There prominent products are:

• Bright Steel bar: These are of 2 types viz. Cold Drawn and Peeled, Turned. It is a basic raw material for bolts, nuts, shafts, fasteners, tools, and manual irrigation equipment.
• HB wire: Hard Bright wire is the basic raw material for weld mesh, welding electrodes and hardware products.
• Annealed wire: It is a type of HB wire which has undergone Annealing Process in the furnace and is mainly used for making Binding wire which is used by the construction industry.
• Steel wires: These are mainly used for making various fasteners, weld mesh, welding electrodes, in the civil industry, electrical conductors and also many domestic cum commercial applications.

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Question 2: Who are the promoters of the Aditya Ispat?

1. Shri Satya Bhagwan Chachan- Managing Director

The Company was promoted by Shri S B Chachan who is a fellow Member of the Institute of Chartered Accountants of India, apart from being a Law Graduate and Master of Commerce, has gained vast experience In Iron and Steel during the audit of concerns engaged in Manufacturing Trading and Export of Iron and Steel. He had studied the potential of Bright Steel Bars and had vast experience in this industry over two decades.

2. Shri Sanjay Solanki- Independent Director

Shri Sanjay Solanki, is a qualified Chartered Accountant, specialized in matters relating to financial restructuring and BIFR matters. In addition to the academic achievements, He has developed a model for financial restructuring for Indian corporate. He is a Chairman of Audit Committee and a member of Investment Grievance Committee of the company. He is also the Director of Pan Securities Ltd.

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3. Shri Shiv Kumar Chirania- Independent Director

Shri Shiv Kumar Chirania, is a qualified Charted Accountant, engaged in practice, specialized in companies act and income tax matters.

4. Smt. Usha Chachan- Women Director

Smt. Usha Chachan, is the spouse of the Managing Director of the company, having business experience in small scale industries. She is a matriculate by qualification.

Question 3: Who are the clients of Aditya Ispat Ltd?

Aditya Ispat Limited serves a diverse range of clients across various manufacturing segments. Here are some of the sectors where their products are extensively used: 

Automobiles, Agricultural / Irrigation implements, Dairy, Marine, Pharmaceutical, Food processing, Transformers & Switchgears, Fans & Fasteners, Construction, Hydraulic & Pneumatic, Defense & Aerospace, Components & Bearings, Engineering Industries.

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Written by – Aishwari Pandey