identity has given us a
distinctive edge.
marked a dominating
presence in our industry.
has always remained
consistent in delivering
enhanced customised
solutions to our customers.
remained ahead of the
curve, in consistently
leveraging the underlying
industrial opportunities.
model has evolved in
creating enhanced value
for our customers and
stakeholders.
Our Performance in 2021-22
Total Revenue
million
Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA)
million
Profit after Taxes (PAT)
million
Dividend
Per Share (450%)
Promoters’ Holding
Total Workforce
AIA Engineering at a Glance
AIA Engineering, a certified ISO 9001 Company, specialises in the design, development, production, installation, and servicing of high chromium wear, corrosion, and abrasion resistant castings for the cement, mining, and thermal power generating industries.The Company offers custom designed solutions in ideal metallurgy for the application, as well as process optimisation services based on a technical assessment of our customer’s needs. As an outcome of this approach, the Company has established itself among the industry leaders in terms of quality, services and innovation, earning a strong reputation as a global solution provider.
Read MoreManaging Director’s Message
Value-accretive Strategies
AIA has become one of the most successful companies in supplying and installing wear components because of our legacy and experience in grinding and crushing operations. The Company has created, nurtured, supported, and extended its geographical footprint internationally for over three decades with a unique value proposition, based on a growth strategy focused on a stable business model, unique approach, and capacity to supply specialty solutions.
growth strategies
Customer Satisfaction
The Company’s objective is to provide consumers with optimised solutions based on a technical assessment of their needs. The Company has enabled quality checks at various points to ensure increased customer satisfaction.
consistent Capex
The Company is focused on expanding its manufacturing facilities to meet the global demand. AIA is nearing the completion of its mill liners capacity expansion and also initiated the expansion of its grinding media capacity. These components will be included in customised solutions, allowing our customers to lower their throughput and expenses significantly. During 2021-22, the Company spent ₹ 125.47 Crores on capital expenditures. The Company’s installed capacity stands at 3,90,000 MT.
Read MoreCorporate Social Responsibility
As a socially responsible Company, AIA believes in giving back to the society. The Company creates a positive impact and provides inclusive growth within the communities, in which we work.
Eradicating Hunger
Lakhs
Prevention & Promoting Healthcare
Lakhs
Promoting of Education & Vocational skills
Lakhs
Protection of National Heritage, Art & Culture
Lakhs
Protection of Environment & Animal Welfare
Lakhs
Environment, Social and Governance Report
Read MoreBoard of Directors
Mr. Shah is a Mechanical Engineer and Industrialist with experience in finance and administration. He possesses entrepreneurial insight into running an engineering business. Mr. Shah is also the Chairman and Whole-Time Director of Harsha Engineers International Limited, a Bearing Cage producer.
Mr. Shah is a B. Tech Graduate in Metallurgy from the Indian Institute of Technology, Kanpur. He is experienced in the fields of production, finance cost and technical administration. He has over 51 years of experience in the manufacturing and design of high chrome castings that are value-added, impact, abrasion, and corrosion resistant. His primary areas of focus include manufacturing process improvements, new product development, quality, and adherence to international manufacturing standards, ensuring that the Company's products are recognised both domestically and globally.
Mr. Harivallabhdas has a Bachelor’s degree in Commerce and a Master of Business Administration from the USA. He is experienced in the fields of textile, engineering and chemicals. From 1973 to 1988, he served as the Managing Director and Director of various companies owned by the Shri Ambica Group, which included textile, engineering, and chemical companies. He gained management, financial, and marketing skills in this role. He was elevated to the family's own chemical manufacturing enterprises and began managing them. From 1992 to 2010, he served as Chairman and Managing Director of HK Finechem Limited, a publicly traded chemical manufacturing Company – one of the few specialities chemical.
Mr. Patel has a Bachelor’s degree in Science with Chemistry. He has extensive and diverse experience in production, administration, human resources, and accounting.
Mrs. Solanki has a Diploma in Hotel Management. She has a wide range of experience in administration, marketing, and accounting.
Mrs. Shodhan has a Diploma in Fashion Designing. She has a diverse background in production, management, and administration.
Mr. Majmudar is a B. Com., FCA & ACS. He has worked in the areas of corporate law, direct tax law, financial advisory services, debt syndication, project finance, international structures and taxation planning, and mergers & acquisitions. He is a Chartered Accountant in practice. He has contributed papers to seminars and conferences held by the ICAI and the CA Association in Ahmedabad, and has spoken on the topic of corporate law. He is a regular speaker at MSOP programme of the Institute of Company Secretaries of India, Ahmedabad Chapter.
Mr. Majmudar is a B. Com., FCA & ACS. He has worked in the areas of corporate law, direct tax law, financial advisory services, debt syndication, project finance, international structures and taxation planning, and mergers & acquisitions. He is a Chartered Accountant in practice. He has contributed papers to seminars and conferences held by the ICAI and the CA Association in Ahmedabad, and has spoken on the topic of corporate law. He is a regular speaker at MSOP programme of the Institute of Company Secretaries of India, Ahmedabad Chapter.
Mrs. Shah is a Bachelor of Arts in Economics. She has over 23 years of experience in textile manufacturing and computer education.