Mukand

Mukand Limited

Trade name	Mukand
Formerly	Mukand Iron & Steel Works Limited (1937–1989)
Company type	Public
Traded as	BSE:  500460 NSE:  MUKANDLTD
Industry	Steel
Founded	1929;96 years ago (1929) in Lahore
Founder	Seth Mukand Lal
Headquarters	Mumbai, Maharashtra [1] , India
Key people	Mr Niraj Bajaj (chairman & MD) [2]
Revenue	₹5,190 crore (US$610 million) (2024) [3]
Net income	₹102 crore (US$12 million) (2024)
Number of employees	1,551 (including 881 workers) (2024)
Parent	Bajaj Group
Website	Official Website

Mukand Limited (formerly Mukand Iron & Steel Works Limited) is an India-based manufacturer of stainless steel, alloy steel, and stainless steel billets, and is an exporter of hot rolled bars. ^[4] Part of the Bajaj Group, the company also produces steel castings, structurals, cranes, and other industrial machinery. Founded in 1937, Mukand is recognized for producing some of India's largest industrial cranes, including an 80-tonne, 60-metre-span gantry crane. ^[5]

History

Mukand was established in 1929 in Lahore by Seth Mukand Lal. It was later acquired by Bajaj and moved to Mumbai in 1937. A steel plant at Kalwa, Thane commenced operations in 1965. It was renamed to Mukand Ltd from Mukand Iron & Steel Works Limited on 23 March 1989. ^[6]

It also operates a steel plant in Ginigera of Hospet district in collaboration with Kalyani Steel known as Hospet Steel Ltd.

References

1. "Contact Us". Mukand.com. Archived from the original on 22 March 2006. Retrieved 7 January 2011.
2. "Bajaj family to hike stake in holding co - Home". Livemint.com. 12 March 2010. Retrieved 7 January 2011.
3. "Mukand Limited AR 2024" (PDF).
4. "Mukand to sell Kalwa unit land, use internal accruals to halve debt". The Hindu Business Line. 3 November 2009. Retrieved 7 January 2011.
5. ":: Welcome to Mukand Ltd :: India Based Manufacturer". Archived from the original on 20 January 2011. Retrieved 7 January 2011.
6. "MUKANDLTD History | Mukand Ltd Company History & Profile". Economictimes.indiatimes.com. Retrieved 7 January 2011.