- Business
- Monind Ltd. (MONIND.BO) manufactures ferro alloys and allied products for use in steel production in India. The company produces core products including silico manganese, ferro manganese, and ferro chrome, which serve as deoxidizers and alloy additives in various grades of steel; it previously operated a manufacturing facility in Raipur, Chhattisgarh, where operations remain temporarily suspended. Incorporated in 1982 and headquartered at Monnet House, 11 Masjid Moth, Greater Kailash Part-II, New Delhi, the company focuses on the metals and materials sector, primarily targeting steel producers and stainless steel units in the domestic market.
In recent years, Monind Ltd. changed its name from Monnet Industries Limited effective November 9, 2020, reflecting a streamlined corporate identity. The company allotted redeemable preference shares in fiscal 2023-2024 through conversion of outstanding loans from lenders including Ishan Technical Plant Services Private Limited, Real Technical Solutions Private Limited, and Talento Technical Plant Services Private Limited, increasing paid-up share capital to Rs 108.68 crore. It continues to report quarterly financial results with no sales revenue and ongoing net losses, as disclosed in board meetings through 2025, while maintaining discussions for loan conversions into preference shares without major new partnerships, acquisitions, or operational restarts noted in the last 1-2 years.