Monind

Monind Limited is a company whose main business objective is the production of various Ferro alloys which are used as deoxidizers and alloy additives in steel manufacturing. The company considers its employees its most valuable asset and is committed to providing them with an enabling workplace that ensures their welfare and growth. It aims to inspire employees with meaningful work, fostering a culture of collaboration and transparency to help them make an impact. However, the company had no major business activities during the year and its accumulated losses exceeded its paid-up capital and free reserves. Due to financial stress, the company undertook a major financial restructuring where lenders converted Rs. 9,000 lacs of borrowings into preference shares. Despite current challenges, the company's directors are optimistic about future performance and are actively looking for various new business opportunities.;