- CEO
- Bhadresh Kantilal Shah
- Full Time Employees
- 3,896
- Sector
- Producer manufacturing
- Industry
- Industrial machinery
- Address
- 11-12, Sigma Corporates Ahmedabad GU India 380054
- IPO Date
- Nov 17, 2005
- Business
- AIA Engineering Limited manufactures high-chromium wear-, corrosion-, and abrasion-resistant castings and components for grinding mills and pulverizers used in the cement, mining, thermal power, and quarry industries; core products include grinding media balls, shell liners, diaphragms, blow bars, hammers, impellers, mill liners, DE assemblies, fasteners, and ceramic composite alloys, with specialized solutions for tube mills, vertical mills, SAG mills, and ball mills serving applications such as limestone and cement grinding, mineral ore processing for iron, gold, lead/zinc, bauxite, copper, and phosphates, coal pulverization, and aggregate crushing. The Ahmedabad-headquartered company, founded in 1978, operates manufacturing facilities in India and exports to over 100 countries across North America, Europe, Africa, Southeast Asia, Latin America, and other regions, providing complementary engineering services encompassing design modeling, reline supervision, wear monitoring, grinding circuit surveys, process modeling via JKSimMet, and mill operation support to optimize productivity, reduce downtime, and lower operational costs. Recent developments include its wholly owned subsidiary Vega Industries (Middle East) FZC increasing its stake in VEGA MPS PTY Limited in Australia to 43% through a 13% acquisition in February 2024; a brownfield expansion project approved in August 2024 for rubber and composite liners at its Ahmedabad facility with INR 650 million investment and 20,000 MT annual capacity addition completed by December 2024; acquisition of a 24% stake in Green Shift Private Limited in August 2024 for INR 1.2 million to secure captive green power supply at its Trichy unit; strategic plans announced in 2025 for new hi-chrome media manufacturing plants in China and Ghana each with 50,000-tonne capacity under Vega ME to enhance supply chain efficiency and market access; and ongoing investments in renewable energy reaching 38 megawatts with plans for an additional 60 megawatts.