Our Legacy

As India gained independence, along with the birth of a new nation, the industrial giant we know today as Mahindra & Mahindra (M&M) was also born, diversifying from steel trading to manufacturing and allied activities.

Steel trading continued to be a core activity for the M&M group, post-independence, and was handled by its Intertrade Division. Post liberalisation, Intertrade division also begun offering value-added services for steel processing which gave birth to MSSCL – Mahindra Steel Service Centre Ltd. – located at Kanhe (near Pune). MSSCL was the first steel service centre in the organized sector in India and focused on Just–in–Time (JIT) delivery of processed steel to its customers, a concept hitherto unknown in the country.

Around the same time, the group felt that since its steel trading and processing operations had expanded considerably, it may help to convert the steel vertical into an independent subsidiary. Mahindra Intertrade was thus born in 1999.

Mahindra Intertrade, the Mahindra Group’s oldest business, started operations as a steel trading business and over the years, diversified into the steel processing business across Automobile, Power and Electrical Stampings segments. Mahindra Intertrade Group has constantly innovated and led the technology curve by implementing world leading technologies in India. It has moved up the value chain by entering in progressive stampings business. Recently, it has also ventured into new verticals like Automobile Recycling and Purlins (Steel Structures) and Electric Vehicle Motor Cores besides expanding across geographies.

Over the years, Mahindra Intertrade has setup various subsidiary companies in joint venture with global steel mills and trading conglomerates.

Mahindra Steel Service Center Ltd. : JV with Metal One Corp., Japan
Mahindra MiddleEast Electrical Steel Service Center FZC : JV with Nippon Steel & Sumitomo Metal Corp., Japan
Mahindra Auto Steel Pvt., Ltd. : JV with China Steel Global Trading Corp., Taiwan and Mitsui & Co. (Asia Pacific) Pte. Ltd., Japan
Mahindra MSTC Recycling Pvt. Ltd. : JV with MSTC Ltd., a Govt. of India Enterprise
PT Mahindra Accelo Steel Indonesia : Yet to commence commercial production

With a view to bring out the core qualities and sharpen them, Mahindra Intertrade and its group companies – Mahindra Steel Service Center Ltd., Mahindra MiddleEast Electrical Steel Service Center FZC, Mahindra Auto Steel Pvt. Ltd., PT Mahindra Accelo Steel Indonesia operate under an umbrella brand - Mahindra Accelo.

Mahindra Accelo is the pioneer in the steel processing space in India – or steel service centers as they are commonly called and is also the pioneer in automobile recycling in India.

Accelo set up the :
1st steel service centre in India in the organised sector
1st electrical steel service centre in South Asia
1st steel service centre abroad by an Indian entity
1st vehicle recycling facility in India in the organized space

Accelo operates:
Domestic Steel service centers at Pune, Nashik, Vadodara, Bhopal, Noida and Chennai in India,
International Steel service centers at Sharjah, UAE and Indonesia,
Vehicle recycling facility at Greater Noida, Chennai and Pune, and
Vehicle collection centres at Mumbai, Bangalore, Hyderabad, Chandigarh, Jaipur, Ahmedabad and Indore.

Milestones:

  • 1945

    On the cusp of
    Independence,
    Mahindra & Mahindra
    was formed.
    Their first major
    business was trading
    in steel

  • 1993

    Pune (Plant-I)
    Steel processing
    for Automotive
    and Power

  • 2005

    Sharjah, UAE
    Steel Processing
    for Power

  • 2007

    Nashik
    Steel Processing
    for Automotive
    and Purlins

  • 2008

    Vadodara
    Steel Processing
    for Power

  • 2010

    Bhopal
    Steel Processing
    for Power

  • 2012

    Pune (Plant-II)
    Electrical Stampings

  • 2015

    Pune – III
    Automotive (CR)

  • 2017

    Greater Noida
    Vehicle Recycling
    Facility

  • 2018

    Noida
    Steel Processing
    for Power

  • 2020

    Chennai
    Steel processing
    for Automotive
    and Power

  • 2020

    Chennai
    Vehicle Recycling
    Facility

  • 2020

    Pune
    Vehicle Recycling
    Facility

  • 2021

    Mumbai, Bangalore,
    Hyderabad,
    Chandigarh,
    Jaipur, Ahmedabad
    and Indore

    Vehicle Collection
    Centres