Mahindra Accelo Limited

Integrated Annual Report 2024-25

Milestones

Journey Over 3+ Decades

1993

KANHE I

Set up 11st steel service centre in the organised sector in India catering to the automotive, home appliance and power sectors

2005

SHARJAH

Established the 1st steel service centre by an Indian corporate overseas, and 1st such facility in the region

2007

NASHIK

Developed 1st independent facility of a merchant producer of blanked automotive skin panels in India

2012

KANHE II

Entered a new vertical of electrical stampings, becoming the 1st facility in the country to have a presence across the entire value chain, from steel slitting to stampings

2010

BHOPAL

Set up an electrical steel service centre at Bhopal to cater to the processed electrical steel requirements of transformer majors located in the Central and Northern Indian region

2008

VADODARA

Developed an electrical steel service centre at Vadodara to cater to the processed electrical steel requirements of transformer majors located in the Western region

2015

CHAKAN

Established India’s first high tensile servo automotive steel blanking line at the heart of the Western auto hub at Chakan

2016

VADODARA

Expanded capacity at Vadodara with the installation of another lamination line, increasing capacity by 50%

2018

NOIDA

Developed an electrical steel service centre to cater to electrical steel requirements for distribution transformer (DT) manufacturers in Northern India

BHOPAL

Expanded capacity at Bhopal with the installation of another lamination line, focussing on DT customers

NOIDA

Formed a JV with MSTC (GoI enterprise), our Company’s strategic partner, to set up CERO – India’s 1st government authorised Registered Vehicle Scrapping Facility (RVSF) for recycling end-of-life vehicles (ELVs)

2021

AHMEDABAD, BENGALURU, CHANDIGARH, HYDERABAD, JAIPUR & MUMBAI

Set up collection centres for collecting & feeding ELVs to RVSFs for recycling

CHAKAN

Established India’s 1st high-speed progressive stampings line with the capability to process High Tensile Steel, up to 1,200 MPa grade

2020

CHENNAI

Established an integrated (Automotive, Electrical and CRNO) steel service centre in Chennai to strengthen the business and presence in South India

CHENNAI

Set up 1 new Recycling center at Chennai to recycle ELVs

2019

VADODARA

Expanded capacity at Vadodara with the installation of the 3rd lamination line, focussing on DT customers

2022

INDONESIA

Set up 2nd overseas steel service centre in Indonesia to cater to the power and distribution transformer industry

BHOPAL, COIMBATORE, GANDHINAGAR, KOLKATA, MADHURAI, SURAT, TIRUCHIRAPALLI, UDAIPUR, VADODARA, VIJAYAWADA, VIZAG, and WARANGAL

Set up 12 collection centres for collecting and transporting ELVs to RVSFs for recycling

AHMEDABAD, INDORE & HYDERABAD

Set up 3 RVSFs/Recycling Centers to recycle ELVs

2023

GUWAHATI AND BENGALURU

Set up two RVSFs to recycle ELVs

ANANTAPUR, BHUBANESHWAR, HUBLI, KANPUR, LUCKNOW, MANGALORE, MYSURU, NAGPUR, SALEM, and VARANASI

Set up 10 collection centres for collecting and transporting ELVs to RVSFs for recycling

2024

CHAKAN 1

Launched a dedicated transfer press line to deliver precision-engineered Class B assemblies, reinforcing OEM partnerships through scalable, high-efficiency production

CHAKAN 2

Deployed a fully automated welding line to streamline assembly production, ensuring precision, speed, and reliability for next-generation automotive manufacturing demands

SUPA

Established India’s first Tandem press line (outside OEM) at our cutting-edge Supa plant, driving auto industry transformation through advanced innovation

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