The
Company was incorporated under the name Mahindra Automotive Steels
Limited on 13th August, 1999. The Certificate for commencement of
Business was obtained on 5th October, 1999. The Company was a non operating company. Pursuant to a
Scheme of Arrangement between Amforge Industries Ltd. and Mahindra
Automotive Steels Limited, the entire Chakan unit of Amforge
Industries Ltd. as a going concern together with all the assets and
liabilities relating to the Chakan unit has been transferred to and
vested in Mahindra Automotive Steels Ltd. with effect from 1st
April 2005. It is expected that the demerger will improve capacity utilisation
& productivity of the Chakan unit and shall enhance the
synergies between Chakan unit and Mahindra Automotive Steels Ltd.’s
plans in the automotive component sector and the forging business.
Mahindra's forging and machining facility is one of the finest and
amongst the top 3 forging companies in India, with an installed
capacity of 42,000 MT. Mahindra Forgings is the largest supplier
of forged components (like crankshafts and steering knuckles) to
the Indian Automotive market, commanding a 40% market share. Our
presses churn out approximately 1 million crankshafts and 0.5
million steering knuckles per annum.
With capabilities of developing new parts in
the shortest period of time, MASL consistently offers the best
forging solutions in the market. Already being accredited with
ISO/TS 16949, MSAT's Indian forging facility has now challenged
the ISO 14001 status for end of 2006.
MASL further strives to continually deliver the
best to its clients by creating a Continuous Improvement Culture.
On a quest to offer better solutions to our valued customers we
have embarked on a quality drive and adopted various initiatives
like TPM, SPC, MSA, VRT and POKAYOKE. In addition, we have formed
an energy conservation team to make our processes
environment-friendly.
MSAT has in-place an elaborate expansion and
growth plan for Mahindra Forgings to widen its existing range of
capabilities and capacities. This is being implemented in a phased
manner, the most recent of which includes the commissioning of a
100,000 nos. capacity crankshaft machining line. Furthermore, we
have already committed our investments towards the connecting rod
and steering knuckle machining lines that are scheduled to start
operations within this year.
History & Major Milestones
| 2005 |
| TS 16949 Certification obtained. Amforge,
Chakan Unit becomes a part of the Mahindra & Mahindra Group. |
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| 2006 |
| Board of Directors of MASL is reconstituted and Mr. Anand Mahindra becomes the Chairman of the Board. |
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