A. M. L. Steel Limited

The last decade has seen the emergence of a strong & competent player in the steel industry.

A company that has turned growth into a passion. That has turned success and profitability into a habit. That is forging a new future for itself as a worldwide manufacturer and supplier of steel, as well as value added steel products. A company known as AML Steel Limited.

Vision

To be a leading player in the steel industry worldwide, harnessing the best technology and maintaining the highest levels of productivity to create defect-free products and satisfy customers, shareholders and users and through them,society at large.

Mission

Our mission is to be one of the significant force in the steel industry world wide to bring out the best technology to keep phase with the changing times, maintain highest level of productivity, adopt all process techniques to achieve least production costs, produce products defect free to satisfy all our shareholders, all governments, lending institutions and society at large.

Mr. Ashok Agarwal
Managing Director & CEO

Mr. Ashok Agarwal, Managing Director & CEO of the group. He is a Mechanical Engineer from REC, Kurukshetra with about 25 years of experience in setting up plants, commissioning it and successfully turning around sick units. His contacts and personal rapport with the indigenous and overseas business enterprises has enabled the group to establish a permanent place in the global steel market. He has immense energy and drive to acquire new businesses be in India or overseas. As a result of his excellent business acumen the group was able to embark on various projects and has led not only to the successful acquisitions of steel units in India and abroad but also turning them around in record time. Over a period of time, he has gained in-depth knowledge and experience in steel making as well as international sourcing and marketing.

Mr.Ankit Agarwal
Director

Mr.Ankit Agarwal, Director of the group. He is an engineering graduate from Anna University, Chennai. He is a member of the management team responsible for the company’s day to day operations and long term goals & objectives.

Mr. Ajay Agarwal
Director

Mr. Ajay Agarwal, Director of the group. He is a commerce graduate and has more than 14 years of rich experience in various businesses. He is heading the entire operations of the Jamshedpur plant.

Mr. Lalit R Agarwal
Executive Director

Mr. Lalit R Agarwal, Executive Director of the group. He has more than 29 years of rich and specialized experience in industries like Edible Oil & Fat, Iron and Steel and Milk processing. He was the CEO of RKKR Steels Limited, Rai Steels & Energy Ltd., Chennai, Tomsbury Foods Private Limited, Baroda. He with his legal intellect was the Vice Presidentl in Kamdhenu Ispat Ltd (TMT Bars Rolling Mill) a major Iron & Steel Industries in India. He with his marketing, administrative and financial skills has strengthened the group over a period of time. He is an MBA graduate specialized in Finance and Operations Research and a Law graduate specialized in business laws.

Mr. Sai Anantharamakrishnan
Resident Director

Mr. Sai Anantharamakrishnan, Resident Director for AML Steel Industries Srilanka.

Mr. Bishen Singh
General Manager

Mr. Bishen Singh, General Manager (Plant operations) for plant of AML Steel Ltd., situated in Puducherry. He is a Metallurgical engineer with about 35 years of experience in various steel plants in India.

Mr. D.P Singh
General Manager

Mr. D.P Singh, General Manager (Plant operations) for plant of AML Steel Industries Srilanka situated near Colombo, Srilanka.

The following are the corporate policies and values which the company strongly believes in:

 a) Human Resources:

Company strongly believes that people are the best resources and therefore all efforts shall be taken to recruit right people, train them, rotate them in our various units and reward them so that the organization grows with it's own people.

b) Society consciousness:

Company strongly believes that we are here to serve the society and therefore all efforts shall be taken that we enrich the lives of the people by producing quality goods relevant to their every day lives and taking all precautions so that we shall be law abiding corporate citizens but also ensure that we do not infringe or harm the society in anyway while pursuing our business goals.

C) Environmental, Occupational Health & Safety Policy:

We shall take all efforts to ensure that while pursuing our business goals we are maintaining clean environment. Further we would like to achieve best productivity results while taking care of the utmost health and safety of our employees.

d) Investor Friendly Approach:

We shall take all efforts to maximize returns for all the shareholders who partake in our ambitious growth plans. We shall consider that they are the main force to fuel our growth and therefore rewards of growth and prosperity shall be shared with all our shareholders.

We strongly believe that while "maximizing production" shall be the driver for economic growth of the country it cannot come at the cost of polluting the environment and health of people at large. Therefore, we shall take all possible steps to protect our environment while carrying out our organizational objectives.

We employ best manufacturing techniques so that quality is maintained right from the raw material stage to processing to finished products. All finished products are tested through our Quality Assurance lab and only when products go through our stringent quality norms they are dispatched to our valued customers.

Mr. Ashok Agarwal
Managing Director

Mr. Ashok Agarwal is the full time Managing Director & brain behind the organizational growth who is a Mechanical Engineer from REC, Kurukshetra with about 25 years of experience in setting up plants, commissioning it and successfully turning around sick units. His contacts and personal rapport with the indigenous and overseas business enterprises has enabled the group to establish a permanent place in the global steel market. He has immense energy and drive to acquire new businesses be in India or overseas. As a result of his excellent business acumen the group was able to embark on various projects and has led not only to the successful acquisitions of steel units in India and abroad but also turning them around in record time. Over a period of time, he has gained in-depth knowledge and experience in steel making as well as international sourcing and marketing.

Mrs. Anita Agarwal
Director

Mrs. Anita Agarwal, non-executive director who is a commerce graduate and actively engaged in various trading activities including managing textile retail outlets, Anita Designer Showroom at kilpauk, Chennai.

Mr.Ankit Agarwal
Director

Mr.Ankit Agarwal, Director of the group. He is an engineering graduate from Anna University, Chennai. He is a member of the management team responsible for the company’s day to day operations and long term goals & objectives.

Mr. Ajay Agarwal
Director

Mr. Ajay Agarwal, full time Director of the group. He is a commerce graduate and has more than 14 years of rich experience in various businesses. He is heading the entire operations of the Jamshedpur plant.

Mr.S.Kolandai Raj
Director

Mr.S.Kolandai Raj, Independent Director of the group. He is an ex Executive Director (works) in Bokaro steel plant. He is an engineering graduate from Madras University with over 40 years of experience in steel Industry.

Dear Shareholders, Potential joint venture partners, Investors, Bankers, Government Agencies, Employees and all other associated with AML Steel Ltd.,

We have seen demand for steel increasing day by day world over especially in India where middle income group on the rise for quite some time. Therefore, we have identified steel as our prime focus area and therefore our growth shall always come from steel by expansion either through new units or acquisitions. We are not quite averse to go overseas for setting up our business units within steel sector, if we could add value in whichever country the opportunity arises.

Given the scenario that steel is a cyclical industry and given the fact that steel sector is buoyant now it is only right that we make right moves with great speed and efficiency.

In order to produce world-class products we shall constantly upgrade our technology so that both our process and products conform to world-class quality standards. We shall benchmark ourselves to the best in the world and we shall work towards obtaining world- class certification quite soon.

We consider human resources are the best resources and therefore we shall adopt a very humane approach to all our employees. Needless to mention that we shall always work towards maximizing returns for our shareholders without overlooking the interests of our bankers, government agencies and society at large.

Currently each of the manufacturing units are under the administrative control of General Manager who are all supervised by Directors. In future in addition to the existing administrative reporting system there shall also be functional responsibility system by which all the Units are reportable to Heads of each of such functions viz., Finance, Technical and Marketing who shall be at the level of Executive Director and located at Corporate Office in Chennai who in turn shall report to Chief Executive Officer of the group.

Domestic:

• Advait Steel Rolling Mills, Pondicherry.
  
• Laxmi Steel Overseas Pvt Ltd, Bangalore.
  
• Vijaya Steels Ltd, Bangalore.
• VRKP Steel Pvt Ltd, Bangalore.
• Scot Free Steel Ltd, Kerala.
  
• Deccan Alloys, Hosur, Tamil Nadu.
  
• Chamundi Industries, Bangalore.
  
• Keyem Steel Re-rolling Mills, Kerala.
  
• Bhuwalka Steel Industries, Bangalore.
• Met - Rolla Steel, Kerala.
• Meenakshi Steel, pondicherry.
• A.P Steel, Trichy.
• Bhuwalka Steel, Kanchipuram, Tamil Nadu.
• Kaypee Metal, Kerala.
• Keyeem Steel, Kerala.

Overseas:

• Toshiba Steel, Colombo, Srilanka.
• Agga Steel, Colombo, Srilanka.
• Lotus Hardwares, Colombo, Srilanka.
• Divya Steels, Colombo, Srilanka.
• Torino Steel, Colombo, Srilanka.
• Adamta Hardwares, Colombo, Srilanka.
• Metro Metal, Colombo, Srilanka.

It is called as AML Steel group which is named after the flagship company viz., AML Steel Ltd. (formerly known as Ashok Magnetics Ltd.) has the following subsidiaries/group companies under it's fold:

1. Ankit Ispat Pvt. Ltd.,
2. Ashok Steel Industries (Srilanka) Ltd.,
3. AML Steel & Power Ltd.,

The group is primarily engaged in steel making under the long-term vision, able guidance and dynamic leadership of Mr. Ashok Agarwal who is a Mechanical engineer from Regional Engineering College, Kurukshetra. He originally founded AML Steel Ltd., during the year 1993 primarily to set up plant to manufacture videotapes and distribute all over India.

Soon AML Steel Ltd., identified Steel making as one of the thrust areas and swiftly constructed a new plant in Pondicherry which was commissioned during 1998. The above plant until today is successfully engaged in manufacture of steel ingots out of iron scrap sourced either locally or imported.

Having gained in-depth experience and knowledge of operating a steel plant AML Steel acquired a sick plant in Srilanka, which was turned around in record time and so also another plant in Karaikal near Pondicherry. Such acquisitions gave an international exposure to the promoters within steel industry which paved the way for future expansions be in India or abroad.

In order to gain further entry into steel industry, AML Steel floated a new group company known as AML Steel & Power, which signed a MOU with Government of Jharkhand to set up an integrated steel complex with captive power plant as well as captive iron ore mines. The first phase of the project is expected to cost about Rs.114 crores, which is likely to be financed jointly by Equity as well as Debts for which SBI Capital Market Ltd. has been appointed as Financial advisors cum Lead Managers. The construction works for the above project has already begun and the project is expected to go operation in mid 2006.

Currently the steel industry is going through a period of buoyancy and internationally it is expected to last for next 10 years or so. In order to capture the industry trends as well as forge ahead with it's own rapid growth plans, AML Steel is currently exploring opportunities for fairly large yet attractive overseas acquisitions to improve upon it's market leadership position within the steel sector.

AML Steel Ltd has been a profit making company right since beginning and it has also been paying dividend year after year right since inception. It went public in the year 1995 and it has immediate plans to further enhance shareholder base by tapping the equity market in the near future.

It is with great pride that AML Steel Ltd., has been maintaining a disciplined corporate governance record since beginning and as a result it has very cordial relationship and patronage with SEBI, Central Bank of India and the investing public at large for more than a decade. Much of the success could not have been possible without having continued peaceful industrial relationship that AML Steel has been enjoying with all the employees of the company in all the plants.