M M Forgings Ltd Share Price

History of M M Forgings Ltd

MM Forgings Limited (Formerly known Madras Motors Private Limited) was incorporated in 1946. The Company went public in 1975. Originally dealing in imported motorcycles, it later diversified to establish steel forging plants. The Company's name was changed to M M Forgings Limited in April, 1993. It is presently promoted by Vidyashankar Krishnan. The Company is engaged in the manufacture of Steel Forgings. The plants for manufacture are located at Singampunari - Sivagangai District, Viralimalai - Pudukkottai District and Karanaithangal Village, Kanchipuram District, all within the state of Tamil Nadu. The Company has its machining plant in Kursi Road, Barabanki situated in the state of Uttar Pradesh. The company manufactures carbon and alloy steel forgings -- with individual forging p ...ieces weighing between 15 kg and 60 kg -- at its two forging units at Singampunari, Madurai district, and Viralimalai, Trichy district, (combined capacity : 15,000 tpa) both in Tamilnadu. The company's products form important inputs for various critical components in the automobile, tractor, earth-moving, power, material handling, oil, railway and core engineering industries. The company's clientele includes Ashok Leyland, BEML, BHEL, Audco Valves and Tractor Engineers. During 1994-95, the company has been accredited with the ISO 9002 certificate. The technical collaboration with Tokai Corporation of Japan has enabled the company to improve its quality and productivity. During 2001, the company has increased its installed capacity of steel forgings from 15000 tpa to 20000 tpa. The technology collaboration with Tokai Corporation of Japan has enabled the company to improve its quality and productivity. The company has completed 2 Wind farm in Muppandal and the same is expected to generated 6 Million KWHr of power each year. In 2002 the company has merged its wholly owned subsidiary viz Gears India Madaras Ltd, The production capacity of Steel Forgings is being increased from 20000 tonnes to 26500 tonnes and this is under process at the end of the financial year 2003-04.Machining capacity has also been substantially increased in line with changing customer demand. The Company acquired majority stake in the subsidiary Company, DVS Industries Private Limited during the financial year 2017-18 and DVS Industries was made wholly owned subsidiary company in FY 2018-19. The Company acquired Cafoma Autoparts Pvt. Ltd. on 15th October 2021 and was made a wholly owned subsidiary Company. Suvarchas Vidyut Pvt Ltd. was incorporated as a wholly owned subsidiary of the Company on 31st March 2022. In FY 2023-24, the Company's wholly owned subsidiary, Cafoma Autoparts Private Limited got amalgamated with the Company from April 1, 2024 , making the Scheme of Amalgamation effective on 27 May, 2024. DVS Industries Private Limited, wholly owned subsidiary has got amalgamated with the Company on April 1, 2024 in FY 2024-25.