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About AIA Engineering

History of AIA Engineering Limited 

Incorporated in 1991, AIA Engineering Limited is involved in the manufacturing of metal and metal products.  In 1978, the company started as Ahmedabad Induction Alloys Private Limited. In 1979, they started operations and produced wear parts for power and cement plants. In 1991, Ahmedabad Induction Alloys Private Limited was amalgamated with AIA. In 2003, the company established a wholly-owned subsidiary, Vega ME (Middle East), as a Wholly-Owned Subsidiary, which started operations in the Middle East. In 2005, the company went public and got listed on the exchanges.  In 2011, the company established a new plant for mining liners and vertical mill parts. In 2017, AIA Engineering started Phase 1 of the Kerala Gujarat Industrial Development Corporation(GIDC), which is a greenfield facility near Ahmedabad for grinding media production. In 2019, the Kerala GIDC’s plant capacity was expanded by 50,000 Metric Tons Per Annum (MTPA). In the same year, the company installed 8 wind turbines of 2.1 Mega Watt each. In 2022, the company installed another 2 wind turbines for a total of 5.4 MW. In 2023, the company expanded the castings capacity to 50,000 MT in their Kerala GIDC plant.   As of March 2023, the company has 6 manufacturing plants with a total manufacturing capacity of 4,40,000 Tons Per Annum (TPA). They serve over 120 countries worldwide, including the USA, the UK, Australia, etc. The company has extensive experience in metallurgy, component design and grinding applications. This enables it to manufacture superior-quality parts for vertical mills, tube mills, pulverisers, and many more.

Business Segments of AIA Engineering Limited 

The primary solutions offered by the company are as follows:
  • Cement: Under this segment, the company manufactures wear parts for cement plants, tube mills and vertical mills. 
  • Mining: The company focuses on providing durable wear components with extended lifespans that reduce operating costs. 
  • Thermal: For thermal plants, the company produces cost-effective improvised shell liners and grinders.
  • Quarry: In this, the company produces improved wear machinery components used for extraction. This machinery can help increase productivity and profitability. 
As of March 31, 2023, some of the subsidiaries of AIA Engineering Limited are as follows:
  • AIA CSR Foundation: This is a wholly-owned subsidiary of the company that carries out the company's CSR activities. 
  • Vega Industries (Middle East) FZC (Vega ME): This wholly-owned subsidiary of the company carries out the company's operations in the Middle East. 
  • Welcast Steels Limited: This subsidiary manufactures grinding media of different grades for AIA Engineering Limited. AIA Engineering Limited holds a stake of 74.85% in this company. 

Key Personalities of AIA Engineering Limited

Bhadresh Shah, Managing Director and Promoter Bhadresh Shah is the Managing Director of AIA Engineering Limited. He has extensive technical knowledge and experience in various fields, such as finance, production and technical administration. He focuses on new product development, process improvements, quality, and compliance with international manufacturing standards.

Parent Organisation
Indian Private
Managing Director
Rajendra Shah
Founded
1991
NSE Symbol
AIAENG

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Community Discussion

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Aia Engineering Ltd FAQs

Aia Engineering Ltd (AIAENG) share price as of July 22, 2024, on NSE is Rs 4398.1 (NSE) and Rs 4398.1 (BSE) on BSE.
Yes, You can buy Aia Engineering Ltd (AIAENG) shares by opening a Demat account with Angel One.
Aia Engineering Ltd (AIAENG) share can be bought through the following modes:
1. Direct investment: You can buy Aia Engineering Ltd (AIAENG) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Aia Engineering Ltd (AIAENG) shares.
The main business of AIA Engineering is to design, manufacture, develop, install and service high chromium wear, and corrosion and abrasion resistant castings used across diverse industries, such as mining, cement, and thermal power generation.
The top promoters of AIA Engineering are Bhadresh Kantilal Shah, Khushali Bhadreshbhai Shah, and Bhumika Shyamal Shodhan.
The main subsidiaries that come under AIA Engineering are Vega Industries Limited - U.K., Welcast Steels Limited - India, Vega Industries (Middle East) F.Z.C. - U.A.E., AIA CSR Foundation - India, Vega Industries Limited - U.S.A., Wuxi Vega Trade Co., Limited - China, and Vega Steel Industries (RSA) (PTY.) Limited - South Africa.
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