About Mangalam Worldwide Limited

Mangalam Worldwide Limited (CIN: L27100GJ1995PLC028381) is a fully integrated stainless steel manufacturer with an end-to-end capability spanning melting to finished long products and tubulars. The Company was originally incorporated as Temchem Exports Private Limited on December 11, 1995, later renamed Hindprakash Exim Private Limited on April 30, 2007, and Mangalam Worldwide Private Limited on October 13, 2014. It became a public company as Mangalam Worldwide Limited on March 16, 2022, with its equity shares listed on NSE Emerge on July 11, 2022; an application for migration to the Main Board of NSE was filed on January 03, 2024 and was awaiting approval at the time of the report.

The Company manufactures stainless steel (SS) billets and ingots; rolls SS flat and round bars; and produces bright bars, seamless pipes and tubes, U-bend tubes and ERW pipes. It also trades in steel scrap and ferro alloys. Products are marketed under two in-house brands: “Mangalam Saarloh” (long products) and “Mangalam Tubicore” (tubular products). Operations are spread across Gujarat with integrated facilities at Halol (Steel Melting Shop), Changodar (Rolling Mill) and Kapadvanj (Bright Bars; Seamless Pipes & Tubes). The Company exports “around the world” to 20+ countries, and continues to pursue expansion in the Middle East, Europe and North America alongside its strong domestic presence.

As on March 31, 2025, the Company had two subsidiaries. It did not classify any subsidiary as “material” under its policy on material subsidiaries. Key milestones include the March 16, 2022 conversion to a public company and NSE Emerge listing on July 11, 2022; the migration application to the NSE Main Board on January 03, 2024; and commissioning of a 1.2 MW solar plant to reduce energy costs and improve cost stability.

Key Milestones of Mangalam Worldwide Limited

• Conversion to a public company on March 16, 2022.
• Listing on NSE Emerge on July 11, 2022.
• Application for migration to NSE Main Board filed on January 03, 2024 (pending approval).
• Commissioning of a 1.2 MW solar plant to reduce energy costs and improve stability.

Mangalam Worldwide Limited Business Verticals and Geographical Presence

The Company operates as a single business and geographical segment, with a strong domestic base in India and export sales to over 20 countries. It is pursuing expansion in the Middle East, Europe, and North America.

Mangalam Worldwide Limited Business Segment

The Company manufactures stainless steel billets and ingots; rolls SS flat and round bars; produces bright bars, seamless pipes and tubes, U-bend tubes, and ERW pipes. It also trades in steel scrap and ferro alloys, marketing products under the in-house brands “Mangalam Saarloh” and “Mangalam Tubicore”.

Mangalam Worldwide Limited Key Management

• Vipin Prakash Mangal – Chairman
• Chanakya Prakash Mangal – Managing Director
• Chandragupt Prakash Mangal – Managing Director
• Mohit Kailash Agrawal – Whole Time Director & Chief Financial Officer
• Apexa Ajaykumar Panchal – Company Secretary

Latest Updates on Mangalam Worldwide Limited

• Capital structure changes: Conversion of 37,00,000 convertible warrants into equity shares on October 03, 2024, and earlier 15,00,000 warrants on March 21, 2024. NSE approved listing of these shares in May 2025.
• Proposed amalgamation: Board approved Scheme of Amalgamation with a subsidiary on April 25, 2023, awaiting regulatory approvals with share exchange ratio specified.
• Manufacturing enhancements: Integrated facilities at Halol, Changodar, and Kapadvanj, benefiting from process debottlenecking and the new 1.2 MW solar plant.
• Markets and exports: Operations in 20+ countries with focus on Middle East, Europe, and North America alongside strong domestic demand.
• Regulatory update: Received a SEBI Show Cause Notice in January 2025 related to another entity; preliminary responses and settlements underway.