Over the years, our unique
identity has given us a
distinctive edge.
Over the years, we have
marked a dominating
presence in our industry.
Over the years, our strategy
has always remained
consistent in delivering
enhanced customised
solutions to our customers.
Over the years, we have
remained ahead of the
curve, in consistently
leveraging the underlying
industrial opportunities.
Today, our business
model has evolved in
creating enhanced value
for our customers and
stakeholders.
Our Performance in 2021-22

Total Revenue

37,228.37
million

Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA)

8,772.35
million

Profit after Taxes (PAT)

6,196.18
million

Dividend

9
Per Share (450%)

Promoters’ Holding

58.47%

Total Workforce

1,287

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.

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Managing Director’s Message

Sustainability is one of our Company’s non-negotiables, and we actively contribute to the Social, Economic, and Environmental Development of the community in which we operate through our sustainable measures.

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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.

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Corporate 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

31
Lakhs

Prevention & Promoting Healthcare

362.41
Lakhs

Promoting of Education & Vocational skills

581.88
Lakhs

Protection of National Heritage, Art & Culture

29
Lakhs

Protection of Environment & Animal Welfare

228.92
Lakhs
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Environment, Social and Governance Report

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Board of Directors

Mr. Rajendra S. Shah, Chairman
(DIN 00061922)

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. Bhadresh K. Shah, Managing Director & Promoter
(DIN 00058177)

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. Rajan Ramkrishna Harivallabhdas, Independent Director
(DIN 00014265)

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. Yashwant M. Patel, Whole-Time Director
(DIN 02103312)

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. Khushali S. Solanki, Non-Executive – Non-Independent Director
DIN 07008918)

Mrs. Solanki has a Diploma in Hotel Management. She has a wide range of experience in administration, marketing, and accounting.

Mrs. Bhumika S. Shodhan, Non-Executive – Non-Independent Director
(DIN 02099400)

Mrs. Shodhan has a Diploma in Fashion Designing. She has a diverse background in production, management, and administration.

Mr. Sanjay S. Majmudar, Independent Director
(DIN 00091305)

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. Dileep C. Choksi, Independent Director
(DIN 00016322)

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. Janaki U. Shah, Independent Director
(DIN 00343343)

Mrs. Shah is a Bachelor of Arts in Economics. She has over 23 years of experience in textile manufacturing and computer education.