The Company was incorporated as a Private Limited Company under the
companies act, 1956 on 11th November 1974 as VISHAL MALLEABLES
PRIVATE LIMITED. It was converted into a Public Limited Company vide
a special resolution passed on 24th August 1977 as evidenced by
Certificate of Registrar of Company, Gujarat, dated 14th September
1977. Commercial production commenced in December, 1978.
The Company was initially promoted by Mr. L.N.Bhagawati and Mr.R.D
Patel, In 1981-82, the management of the Company was taken over by
Mr. L.R. Mewani and Mr. O.P. Khetan.
The company is engaged in the manufacture of Ferrous castings in
various materials specifications covering Malleables. S.G and Graded
Grey Iron casting are manufactured as per the customer's Drawings and
specifications. However, through years of experience in the field,
the company has been able to specify range of products which can
economically and profitably be sold. The company has been selective
in choosing the buyers.
Presently, the company caters to the following segments of
* Heavy/Light vehicles, Tractors and cars, earth moving equipments
* Power transmission equipments like H.T Insulators, Lighting
Transformers, Distribution substation etc
* Reputed constructors or overhead electric transaction line
* Railways for prestress concrete sleepers inserts
* Large and varied industrial equipment manufactures.
The demand of casting from the costumers has been increasing and to
meet their schedule of requirements quantum-wise, the company had to
enhance its capacity of production.
The company had to go through exercise, experiments and research to
achieve the standard of quality and as got accredited by reputed
organisation. Products manufactured by the company are also being
inspected by third party agencies.
The company has successfully entered into tapping international
market also. The company is on the verge of finalising orders of
recurring nature with buyers from USA & Korea.
The company was able to achieve the production upto 5095 tonnes in
1993-94 after expanding their capacity from 3600 MT to 5100 MT.
Further, due to consistent demand and heavy orders on hand, the
company further expanded its capacity to 7000 MT in 1994-1995 and
achieved production of 6739 MT and sales of 6739 MT and sales of 6714
The company is now embarking on a project to generate power from
wind. This project is being implemented under the INCENTIVE SCHEME
for wind power generation by private companies as formualated by the
Government of Gujarat. The Gujarat Electricity Board would undertake
to transmit the power generated by the wind farm to the factory site
of the industrial undertaking nominated at a wheeling charge of 2%
irrespective of the distance from the wind farm. This means that 2%
of energy generated by the wind mill will be deducted as Board's
commission and the balance 98% only will be made available to the
party at a place where power is required. Through this arrangement,
the cost of power for the Company will come down. This will improve
profits since cost of power comprises a substantial portion of the
-Board recommends dividend OF 6%.