Ahlada Engineers Ltd Share Price

Ahlada Engineers Limited was incorporated as a Private Limited Company with the name Ahlada Engineers Private Limited' on August 10, 2005. Subsequently, the Company converted into a Public Limited Company and the name changed to 'Ahlada Engineers Limited' on February 6, 2018. The Company is in the business of manufacturing steel doors, Steel windows (steel-frame), Dual desks, green chalk boards and purified drinking water systems and it cater to customers across various segments and industries. The Company currently has facilities spread across 3 manufacturing units in addition to one assembling unit and stock yard, on the outskirts of Hyderabad. Additionally, the Company is also in the business of manufacturing leanroom equipment in pharmaceutical, biotechnology and food industries. Established in 2005, the company started commercial operations in February 2006 with manufacturing of cleanroom equipment and furniture. Further in the year 2008, it started manufacturing steel doors which catered to the then existing customers of cleanroom equipment and furniture. Gradually the company started expanding the customer base for products manufactured to healthcare, entertainment and real estate vertical as well. In order to expand the business and customer base, the company has entered into a Master Manufacturing and Supply Agreement (MMSA) with Tata Steel Limited (TSL) on August 22, 2017, whereby TSL has assured offtake of doors manufactured and shall work with the company to improve process and line efficiency. In September 2018, the Company came up with a Public Issue of 34,05,000 Equity Shares by raising capital from public aggregating Rs 51.07 Crore. Pursuant to the said Agreement, the Company is manufacturing and supplying steel doors of decorative, wood finished, RAL colour, to be used for independent house building and/or steel doors of decorative and wood finished, RAL colour for external door/ internal door / toilet door to be used in housing, residential and commercial sector and other related parts for Tata and under the brand name of Tata and /or as directed by Tata from time to time. It is under process of appointing distributors and dealers in the northern states to expand the reach.