| Company Name: | Munjal Kiriu Industries Pvt Ltd |
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| Address: | Corp Office |
| 603, International Trade tower, 6th Floor, | |
| Nehru Place, New Delhi – | |
| City: | New Delhi 110019 Delhi Delhi |
| Tel: | 011-40511600 Fax: 011-26471230 |
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| Mktg-Email : | [email protected] |
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About the Company :
MKIPL was formed in December 2007 when Hero Motors Limited (HML) hived off its foundry business into a separate company to form a joint venture with Kiriu Corporation, Japan (subsidiary of Sumitomo Corporation, Japan). In February 2011, Kiriu Corporation and its parent company, Sumitomo Corporation increased its stake in the company from 33% to 51% by infusing Rs. 45 crore in the company and also acquired stake from HML for a consideration of Rs. 75 crore. MKIPL’s manufacturing facility is located at Manesar (Haryana) with a foundry capacity of 48,000 MT per annum. MKIPL’s Board includes representatives from the Munjal family, Kiriu Corporation, and Sumitomo Corporation.
The company is engaged in manufacturing of ferrous castings for automotive and consumer durables industry. In the automotive space, it manufactures brake discs, drums, knuckles and certain other automotive components mainly for OEMs in the passenger vehicle segment. In the non-automotive segment, it manufactures cylinder blocks in casting condition and crank cases, which primarily find application in compressors for consumer durable industry. By virtue of its Japanese parentage, the company has managed to secure healthy share of business with leading Japanese OEMs such as Maruti Suzuki, Nissan, Toyota and Honda.
Munjal Kiriu to set up new unit in Mandal
| Personnel | |
| Mr. K. Servanan | – CEO & President |
| Other Office Address |
| Corp Office 603, International Trade tower, 6th Floor, Nehru Place, New Delhi – New Delhi 110019 Delhi Delhi 011-40511600 Fax: 011-26471230 |
| Products & Services Offered | |
| Castings |