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Mangalam Global Enterprise Ltd.

BSE: 535349 Sector: Industrials
NSE: MGEL ISIN Code: INE0APB01016
BSE 05:30 | 01 Jan Mangalam Global Enterprise Ltd
NSE 00:00 | 27 Jan 52.85 0
(0.00%)
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Mangalam Global Enterprise Ltd. (MGEL) - Company History

Mangalam Global Enterprise Limited was originally incorporated as a private limited company with the name Hindprakash Colourchem Private Limited on September 27 2010. Further in order to signify the change in company's operations the name of the company was changed to Mangalam Global Enterprise Private Limited pursuant to shareholders resolution passed at Extra-Ordinary General Meeting of the company held on June 28 2014 and a fresh Certificate of Incorporation dated July 31 2014 was issued by Registrar of Companies Ahmedabad. Subsequently the Company was converted into a Public Limited Company pursuant to shareholders resolution passed at Extra-ordinary General Meeting of the Company held on September 17 2019 and the name of the Company was changed to Mangalam Global Enterprise Limited on September 30 2019.Incorporated in the year 2010 our Company Mangalam Global Enterprise Limited belongs to Ahmedabad based Mangalam group of Companies set up by Mangal Family and led by the vision of Mr. Vipin Prakash Mangal. In this dynamic and extremely competitive business environment the company has developed a diversified business model with its offerings ranging from castor oil to cotton products. It has been successfully catering to these two different sectors in their business operations.The Company is mainly engaged in the business of manufacturing of Refined Castor Oil First Stage Grade (F.S.G.) Castor De-Oiled Cake and High Protein Castor De-Oiled Cake for the domestic market as well as for exports to international markets. The Company has also diversified its business operations into manufacturing of Cotton Bales (Lint Cotton) and Delineate Cotton Seeds. The company was engaged in the trading business before starting commercial manufacturing of its abovementioned products in the FY 2018-19. The Company has one cotton processing unit at Harij Gujarat and two well-equipped Castor processing units at Harij and Palanpur Gujarat respectively for undertaking manufacturing operations of abovementioned two product segments. It is also engaged in the trading of Castor Seeds and Raw Cotton.The Company's journey in the Cotton Manufacturing Industry started in the year 2018. With gaining an insight of the industry coupled with an available opportunity the Company ventured into manufacturing of Cotton Bales (Lint Cotton) and Delineate Cotton Seeds. The Company has marked its presence in both domestic as well as global markets. The Company supplies its products in states such as Gujarat Rajasthan Delhi Maharashtra and West Bengal. In order to capture growing demand for Castor Oil in international market and to create a more responsive and cost-effective supply chain the company started its export operations. The Company exports products to countries such as Thailand Oman.