Krishna Defence & Allied Industries Ltd Company Summary

Krishna Defence & Allied Industries Ltd Summary

Krishna Defence & Allied Industries Limited was originally formed as a Partnership Firm under the Indian Partnership Act, 1932 in the name M/s.Krishna Industries, pursuant to a Deed of Partnership entered between Mr.Ankur Ashwin Shah, Mrs Pallavi Ashwin Shah and Mr. Bhadresh Sanatkumar Joshi in 1997. Later, the Partnership Firm was dissolved by mutual consent of Partners w.e.f March 31, 2002 vide Dissolution Deed dated April 01, 2002 and the business of M/s. Krishna Industries was taken over by Mr. Ankur Ashwin Shah as a Proprietor. Thereafter a Deed of Partnership dated April 05, 2011 was formed between Mr.Ankur Ashwin Shah, Late Mr.Ashwin Natwarlal Shah, Mr.Dilip Natwarlal Shah, Mr.Kiran Brijmohandas Shah, Mr. Chetan Kuberdas Dharia, M/s Krish Commodities (India) Private Limited and M/s Krish Industries Private Limited to admit as partners in the proprietorship business running in the name of Krishna Industries w.e.f April 01, 2011. Later the Partnership Firm was registered under the Indian Partnership Act 1932 with Registrar of Firms, Mumbai vide Registration Certificate dated January 05, 2013. Further M/s Krishna Industries was converted from Partnership Firm to a Private Limited Company under Part IX of Companies Act, 1956 in the name of Krishna Allied Industries Private Limited vide Certificate of Incorporation dated September 10, 2013. Subsequently the Company was converted from Private Limited Company to Public Company vide Special Resolution passed by Shareholders of the Company on September 27, 2021. Thereafter name of the Company was changed from Krishna Allied Industries Private Limited to Krishna Allied Industries Limited vide fresh Certificate of Incorporation issued by Registrar of Companies, Maharashtra, Mumbai on October 20, 2021. Further, name of the Company was subsequently changed from Krishna Allied Industries Limited to Krishna Defence and Allied Industries Limited pursuant to a Special Resolution passed by Shareholders of the Company on November 01, 2021. A fresh Certificate of Incorporation consequent to change in name was issued by the Registrar of Companies, Maharashtra, Mumbai on December 07, 2021. The Company is led by Promoter and Managing Director, Mr. Ankur Ashwin Shah having an overall experience of around 22 years in the associated industry.The Company is engaged in the diversified business of manufacturing defence application products, dairy equipment products and kitchen equipments. The Company has entered into various licensing agreement with Defence Research and Development Organisation (DRDO) for obtaining the know-how and rights which enable it to manufacture and supply specialized defence application products for the Indian Armed Forces. Under defence application, the Company provide a wide array of high performance products for naval applications and other utilities such as shipbuilding steel bulb bar, special steel alloy bricks used as ballast weight for critical applications, super alloys weld consumables like welding wire, flux and electrodes, food container and improved space heating device, which is also known as Bukhari. The Company has two manufacturing facilities in Gujarat, located at Kalol and Halol district near Vadodara. Its manufacturing facilities are accredited with ISO 9001:2015 quality management system as manufacturer and exporter of stainless-steel milk cans, milking machine, milk coolers, dairy and kitchen equipment, milk testing equipment, Galley equipment, shipbuilding steel bulb bars, modular vehicle barrier & automatic tyre killer. The Company has diversified its products under various business verticals, mainly due to strong research and development (R&D) and technological capabilities. The R&D capabilities include product design, product engineering, product simulation, prototyping and testing. Its R&D activities are mainly undertaken at Companys manufacturing facilities. The research activities are focused in creating new products and solutions which are customized to meet customer expectations and end-user preferences and improving production processesand quality of existing products. With R&D capabilities, the Company is currently developing several new products for some of which it has secured orders as well. In year 1997, Company started its operations in the dairy equipment manufacturing as a Partnership Firm, M/s. Krishna Industries and over the years the Company has developed a wide range of dairy equipment products such as stainless steel milk Cans, Milk Cooling Tanks or Bulk Milk Coolers, Milking Machine, Cow Grooming Brush and Robotic Milk Collection Unit. In 2006, the Company attempted for the first time to develop Shipbuilding Steel Bulb Bars which was a very critical component for the Indian Navys Indigenization Program and the attempt successfully yielded the result in the trial batch exactly as per requirement of Indian Navy. IIn 2008, the Company received Appreciation Certificate from Defence Metallurgical Research Laboratory (DMRL), Hyderabad for successfully carrying out project of manufacturing the Indigenized Steel Bulb Bars which are used in hull construction of Naval warships. The project was of national importance involving import substitution. In year 2010, the Company stretched the operations into the business of manufacturing Kitchen Equipment and commenced manufacturing of Bulk Cooking Equipment like Rice Cauldron, Dal Cauldron, Braising Pan, Distribution Vessels, Rice Chute, Dal Storage Tank, which are used by organizations which run Midday Meal Programs where cooking is done for up to 1,00,000 meals a day. Presently, the Company is supplying such products to The Akshaya Patra Foundation.The Company accepted as approved vendor by Indian Navy, included in Naval Contractual Directives for supply of shipbuilding steel sections, Bulb Bars for Warships in year 2011.On August 20, 2014, the Company received Defence Technology Absorption Award, 2013 along with Prize Money of Rs. 5 lacs from Ministry of Defence (MoD) by the Honble Prime Minister, Shri Narendra Modi for pioneering efforts towards first time indigenous production of Bulb Bars in association with DRDO for meeting the requirements of Indian Navy. The Company achieved a new milestone in 2015 in the dairy industry after acquiring patent for invention of Automated Milk Analysis and Collection Apparatus called Robotic Milk Collection Unit (RMCU) upto to the year 2035. The developed product works like a Kiosk for Milk Collection for Milk Society, and analyzes farmer milk not only for Fat & SNF but also tests the milk for adulteration. The RMCU ensures only top-quality milk is collected by the Milk Society and below par milk or adulterated milk is rejected. In 2017, the Company was accepted as approved vendor for manufacture of steel bulb bars by the Indian Register of Shipping (IRS). The Company received Certificate of Steel Mills from American Bureau of Shipping for Facility and Process Approval for manufacturing section components of marine applications as well.In 2018, Krishna Defence & Allied Industries Limited was awarded INDIA SME 100 Awards organized by India SME Forum and supported by Ministry of MSME in the overall evaluation of Financial & Non-Financial Parameters. During the year 2019, the Company signed Transfer of Technology (TOT) with Defence Institute of Physiology and Allied Sciences, DIPAS, New Delhi for manufacture and sale of Improved Space Heating Device (Bukhari) used by Indian Armed forces at high altitude in very Cold conditions. The Company signed TOT with DIPAS, New Delhi for manufacture and sale of Man Mounted Cooling System to be used by Indian Armed forces in extremely Hot Conditions. The Company signed TOT with DIPAS, Delhi for manufacture and sale of Solar Snow Melter to be used by Indian Armed forces at high altitude. Apart from this, it also received Developmental Order for supply and manufacture of specialized Weld consumable for critical application of the Indian Navy. In year 2020, the Company ventured into new business vertical of manufacturing and marketing of Homeland & Security Products, wherein it planned to manufacture products like Modular Vehicle Barrier, Automatic tyre Killer, Multi-purpose Launcher and Long Range LED Searchlight used by the Indian Armed Forces, for which the Company has entered into agreements with foreign vendors for import of critical component required to manufacture/ assemble these products in the factory. It propose to sell such product under MAKE IN INDIA Program. The Company has received developmental order from Indian Navy for developing Super Alloy Weld Consumables which will be used in critical applications, wherein the delivery of first lot is expected to be completed in last quarter of this financial year. Lately in year 2021, the Company signed TOT with Research & Development Establishment Engineers, Pune for manufacture and sale of Improvised Explosive Device (IED) Containment Vessel to be used by Indian Armed forces for protection. The Company successfully developed and delivered the first order for Special Steel Alloy Ballast Bricks for critical applications of the Indian Navy for weight balancing.