Mangalam Global Enterprise Limited - SME IPO

Incorporated in 2010, Mangalam Global Enterprise Limited is set up by the Ahmedabad based Mangalam group. It is mainly engaged in the business of manufacturing Refined Castor Oil - First Stage Grade (F.S.G.), Castor De-Oiled Cake, and High-Protein Castor De-Oiled Cake for domestic and international markets. Castor oil is mainly used in lubricants, paints, sealants, pharmaceuticals, inks, cable insulators, textiles, and rubber industries.
Apart from this, they also manufacture Delineate Cotton Seeds and Cotton Bales (Lint Cotton). Mangalam Global also involved in the trading business of Raw Cotton and Castor Seeds.
The company has a cotton processing unit located at Harij, Gujarat, and two castor processing units at Harji and Palanpur. Both the units have a capacity of producing 220 MT Castor De-Oiled Cake per day and 225 MT Castor Refined Oil (F.S.G.) per day. They supply their products to Gujarat, Maharashtra, Rajasthan, Delhi, and West Bengal. Also, the company exports products in countries like Thailand and Oman.
Farpoint Enterprise LLP (Farpoint) and Hindprakash Castor Derivatives Private Limited (HCDPL) are the two subsidiaries of Mangalam Global with 51% stake.

Company Promoters: Vipin Prakash Mangal, Chanakya Prakash Mangal, and Chandragupt Prakash Mangal