- Business
- Alicon Castalloy Limited manufactures aluminum alloy castings and provides end-to-end solutions including design, engineering, tool design and simulation, prototype manufacturing, low pressure die casting, gravity die casting, machining, sub-assembly, painting, and surface treatment for components serving the automotive, e-mobility, agriculture, energy, infrastructure, aerospace, medical, locomotive, marine, and defense sectors; key products encompass cylinder heads (comprising 56% of sales across two-wheelers, three-wheelers, four-wheelers, and non-auto applications), manifolds, covers, coolant collectors, brackets, CAC tanks, swing arms, oil sumps, bearing housings, cam boxes, EGR pipes, flywheel housings, engine and transmission brackets, bridge fork tops, motor housings, battery housings, inverter housings, controller housings, e-axle components, stators, and structural parts such as trays and compressor housings using alloys including AlSi7Mg, AlSi9Mg, AlSi10Mg, AC4B, AC4C, LM9, LM25, and A356. The company, founded in 1990 as Pegasus Castalloy (formerly part of Enkei Castalloy until 2010 name change) and headquartered in Pune, India, operates four manufacturing plants in India (Shikrapur and Chinchwad in Pune, Maharashtra; Binola, Haryana) plus an international facility through subsidiary Illichmann Castalloy in Austria and Slovakia, exporting to 18 countries with a diversified customer base of over 133 marquee OEMs and Tier-1 suppliers where no single client exceeds 15% of turnover. Recent developments include robust revenue growth to INR 17,238 million in FY25 (up 10.3% YoY from INR 15,632 million), new program wins in EV and carbon-neutral segments such as two parts from existing customers in Q4 FY23 (one international PV EV part), ongoing CapEx of INR 20-25 crore in Q4 for growth initiatives and new product development, strategic focus on e-mobility components like thermal stator supports, cubing housings for JLR e-axles, and controller housings with integrated coolant channels, enhanced EBITDA margins to 12.9% in Q2 FY26 amid product diversification and market expansion, and sustained operational resilience through value engineering, Kaizen cost reductions, and certifications including TS16949, ISO 9001, 14001, OHSAS 18001.