Growing Stronger.

For a Sustainable Tomorrow.

With unwavering resilience and our sense of purpose, we excelled through the many unprecedented trials of the pandemic and geo-political crisis and delivered a record-breaking performance with the highest ever revenue, sales, and profits in our history. Focused on innovation, our people, and the community, we are committed to nurturing the very core of sustainability.

Largest

Processor and supplier of electrical steel in India

1st

and only steel service centre in the world to be awarded ZWL certificate

3rd

Most profitable subsidiary within the Mahindra Group (2021-22)

1st

Government authorised vehicle recycler in India

1st

Steel service centre in India in the organised sector

8

State-of-the-art facilities in India

Corporate Identity

Accelerating Growth

with Excellence

With a rich legacy, we, Mahindra Intertrade are one of the oldest businesses under the Mahindra Group. We have diversified our operations from steel trading business to high end steel processing business to component manufacturing business and engaged with sectors of automobile, power, and home appliances. We are constantly striving to provide the best of services; we are expanding across new geographies and have established our presence in verticals of automobile recycling and purlins (steel structures).

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PURPOSE

Drive positive change in the lives of our communities.
Only when we enable others to rise will we rise. #TogetherWeRise

Brand Pillars

Rise a for More Equal World

Climate change Inclusion Ethics

Rise to be Future Ready

Customer Focused Technology Innovation

Rise to Create Value

Entrepreneurship Scale Impact

Core Values

Professionalism | Good Corporate Citizenship | Customer First |
Quality Focus | Dignity of the Individual

Our Offerings

A Wide Array of

Sustainable Offerings

With a rich legacy, we, Mahindra Intertrade are one of the oldest businesses under the Mahindra Group. We have diversified our operations from steel trading business to high end steel processing business to component manufacturing business and engaged with sectors of automobile, power, and home appliances. We are constantly striving to provide the best of services; we are expanding across new geographies and have established our presence in verticals of automobile recycling and purlins (steel structures).

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Slitting

Blanking/ Profiling

Shearing

Progressive stampings

Slitting

Lamination Cores

Built-up Cores

Core Coil Assembly

Flux Plate

Slitting

Electrical Stampings

Stators and Rotors

EV Motor Cores

Cars

Trucks and Buses

2 Wheelers, 3 Wheelers

Industrial Scrap

Purlins for Solar

Purlins for Construction Industry

Networks of Steel Service Centres, Recycling Facilities & Collection Centres (Locations)

28 Automotive

View

28 Power (Electrical Steel)

View

28 Electrical Stampings

View

28 Registered Vehicle Scrapping Facility (RVSF)

View

28 CERO Collection centres

View
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india map
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Note: Map not to scale

Networks of Steel Service Centres, Recycling Facilities & Collection Centres (Locations)

28 Automotive

28 Power (Electrical Steel)

28 Electrical Stampings

28 Registered Vehicle Scrapping Facility (RVSF)

28 CERO Collection centres

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Chairman
Message from Chairman’s Desk

Marching Ahead

with Strength and Determination

Dear Stakeholders,
The past two years have tested our grit in unfathomable ways and yet we continued to create value for our stakeholders, powered by our unwavering tenacity and resilience.

It gives me immense pleasure to announce that our Company delivered a stellar performance, with the highest ever revenue, volume and profits, despite the headwinds. This reflects our agile capabilities and strength to navigate uncertainties and adapt effectively to face all challenges.

Bharat Doshi

Chairman

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Chairman
Message from Managing Director

Delivering

Strong and Sustainable Value

Dear Stakeholders,

The year began with two successive waves of COVID-19 adversely impacting lives and businesses around the globe. With accommodative policies and a collaborative approach, the global economy gradually started to recover. Businesses are growing with strong positive sentiments and India is on route to becoming the world’s fastest growing major economy.

Sumit Issar

Managing Director

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Operational Excellence

Refining Operations

for the Best Outcomes

We undertake prudent initiatives to bolster our capabilities, making sure to always stay ahead of the curve. Delivering operational excellence is integral to our long-term functioning within the industry. We achieve this through an amalgamation of effective people engagement, underpinned by the judicious application of Kaizen and Lean tools, driven by an engaged and experienced leadership.

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Digitisation

Driving Digital Transformation

with Agility

We have accelerated the adoption of digitalisation across the organisation. By leveraging cutting-edge digital technologies, we are consistently transforming our business models and functioning, in step with the changing market dynamics. We are increasingly becoming future-ready through our digitisation efforts, helping drive growth, agility, efficiency, resulting in enhanced execution and productivity.

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Technology, Product and Process Innovation

Leveraging Technology

to Increase Efficiency

We are driven by our zeal to harness progressive technologies, making innovation a core aspect of all our undertakings. Be it for a new product development or an initiative to improve operational efficiency, it is our innovative mindset that helps secure our leadership position within the industry. Transitioning from trading to processing to the creation of multiple value-added products, we are always prepared to move to the next phase of tech-led growth.

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Rise Stories

Rising Beyond

Possibilities

A can-do attitude ꟷ
Accepting No Limits

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Awards and Accolades

Recognised Amongst

the Best

Won 13 Gold Medals as part of the JIPM TPM Excellence Award for implementing TPM at MIL Nashik plant
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Stakeholder Engagement and Materiality Analysis

Prioritising Issues

of Shared Significance

During the year, we carried out an extensive materiality assessment to identify issues that were important to our business, mapping their potential impact on our operations. This helped us to gain an understanding of the needs and aspirations of our stakeholders, effectively translating the engagement into a long-term value creation activity.

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Materiality Assessment Process

Define purpose, scope and stakeholders

Identify potential
topics

Stakeholder
engagement survey

Establish materiality matrix

Senior management interaction for prioritisation of issues

Response
analysis