About AIA Engineering Limited

AIA Engineering Limited operates as an Indian business that produces high-chrome wear parts for grinding and crushing operations which serve cement and mining and thermal power and quarry industries. The company provides High-Chrome Mill Internals (HCMI) products including grinding media and mill liners and diaphragms and other wear-resistant castings which enhance grinding performance and minimize maintenance expenses for tube mills and vertical mills and pulverizers . The company began operations under the name Ahmedabad Induction Alloys Private Limited in 1978 through the initiative of Mr. Bhadresh K. Shah before evolving into AIA Engineering Limited. The company expanded through process development and solution-based engineering and worldwide distribution through Vega Industries during its decades of operation. The company operates in 120+ countries through its export-focused business model which serves as its primary operational advantage.

The company achieved several important milestones starting with wear parts production in 1979 followed by high-chrome grinding media production in 1985 and ISO 9001 certification in 1996 and stock exchange listing in 2005 and vertical mill part and mining liner plant construction in 2011 and Moraiya plant expansion to 2,60,000 MTPA in 2014 and Kerala GIDC grinding media facility Phase 1 completion in 2017 and mine-specific mill-lining solution development in 2018 and multiple renewable energy projects and capacity growth from 2019 to 2024 and the establishment of a Rubber & Composite Liners Plant at Kerala GIDC in 2025 . The consolidated group includes 13 subsidiaries which operate directly and indirectly and joint ventures and associates while maintaining operations in India and the UAE and multiple locations in the UK and USA and South Africa and China and Indonesia and Chile and Ghana and Australia and Peru .

AIA Engineering Limited’s Business Segments (FY25)

The consolidated revenue distribution across geographical areas for FY 2024-25 shows India generates 42.72% of revenue while Outside India generates 58.28% .

AIA Engineering Limited Key Management

• Rajendra S. Shah, Chairman and Non-Independent Non-Executive Director.

• Bhadresh K. Shah, Managing Director and Executive-Promoter.

• Sanjay S. Majmudar, Non-Independent Non-Executive Director.

• Yashwant M. Patel, Whole-Time Director.

• Piyush B. Shah, Independent Director.

• Rajan R. Harivallabhdas, Independent Director.

• Janaki U. Shah, Independent Director.

• Khushali S. Solanki, Non-Independent Non-Executive Director.

• Bhumika S. Shodhan, Non-Independent Non-Executive Director.

• Viren K. Thakkar, Chief Financial Officer 

• S. N. Jetheliy, Company Secretary.

Latest Updates on AIA Engineering Limited

• The company operates at 4,60,000 MT per year based on its current manufacturing capacity. The company assesses the implementation of manufacturing facilities in China and Ghana through phases while exploring potential sites in Indonesia and Thailand and additional international locations . The company operates two new manufacturing facilities in China and Ghana which aim to reduce delivery times for customers.

• A new facility for Rubber and Composite Liners at Kerala GIDC expanded the mining solutions range and the greenfield mining liner plant’s commissioning added 20,000 MT of capacity to support the sale of liners together with grinding media.

• Vega Industries (Middle East) FZC established Vega Middle East (DFTZ) FZE as a fully owned subsidiary in the UAE and increased its ownership in Vega MPS Pty Ltd. Australia to 56% through a 13% stake purchase.

• The company will dedicate Rs 30–40 crore to renewable energy projects including solar and wind power for FY 2025-26 while aiming to reach 60%–70% renewable power usage during the second half of the year.