Financial Growth
• Revenue has decreased from ₹964 Cr. in FY21 to ₹1,006 Cr., in FY22, showcasing a positive growth of 4.4% year-on-year (y-o-y).
• PAT has increased from ₹77 Cr. in FY21 to ₹77 Cr., in FY21, showcasing a positive growth of 9.0% y-o-y.
About: Aurangabad Electricals Limited is one of the leading auto component manufacturing company in India and is engaged into manufacturing and processing of high pressure and gravity die casting of the products/components used in automotive sector.
Company is a wholly owned subsidiary of Mahindra CIE Automotive: On March 2019, Mahindra CIE acquired Aurangabad Electricals for ₹830 Crore.
Manoj Mullassery Menon, with an MBA in Business Management, leads Aurangabad Electricals as its CEO. Having first joined the company as a whole-time director in October 2021, he advanced to the position of CEO in April 2023.