Meson Valves India Limited acquires stake in Milindpra Castings

Meson Valves India Limited, a key player in the global valve manufacturing sector, has announced its acquisition of Milindpra Castings Private Limited, marking a strategic expansion into the metal casting and foundry industry. This acquisition involves Meson Valves purchasing 7,033 shares at a price of ₹10 per share, totaling a financial consideration of ₹70,330. The acquired stake positions Meson Valves prominently within the burgeoning foundry sector in India.

Brijesh Manerikar, the Chairman & Managing Director of Meson Valves, emphasized the significance of this move. “Our acquisition of Milindpra Castings Private Limited marks a pivotal moment in Meson Valves India’s growth trajectory, enabling us to bolster our capabilities and enhance service delivery in the metal casting domain,” Manerikar stated.

Founded in 2016, Meson Valves India Limited has distinguished itself as a global powerhouse in the valve manufacturing arena, catering to a diverse array of industries including Defence, Marine, Industrial, Oil & Gas, and Power. The company’s adoption of advanced technologies and its ISO 9001 certification underscore its commitment to quality and innovation.

In the financial year 2024, Meson Valves reported a total income of ₹63.32 Cr, with an EBITDA of ₹14.95 Cr and a PAT of ₹9.05 Cr, reflecting its robust financial health and operational efficiency.

This strategic acquisition not only enhances Meson Valves’ product offerings but also strengthens its market position by integrating the potential of Milindpra Castings, which was recently established with an authorized capital of ₹5,00,000 and a paid-up capital of ₹1,00,000.

The integration promises to drive innovation and value for stakeholders, aligning with Meson Valves’ long-term growth strategy and its commitment to meeting the evolving demands of the global market.