Mandeep Auto Industries Share price

In the year 2000 Mr. Gurpal Singh Bedi laid the foundation for a sheet metal component manufacturing unit in Faridabad Haryana under his Sole Proprietorship M/s Mandeep Industries. Thereafter Mr. Gurpal Singh Bedi ventured into the automobile component manufacturing segment and during the year 2010-15 added area 3 Line with Gear hobbling and CNC system to the existing manufacturing unit. In the year 2012 complete In-house Inspection facility was established in the manufacturing unit. Thereafter in the year 2018 M/s Mandeep Industries Obtained in-house Tooling/ Machine Shop consisting of Lathe Milling and Radial drill machines. In order to give a corporate structure to the entire set-up M/s Mandeep Auto Industries Limited was incorporated on April 19 2023 with the object to takeover the entire business and operations of M/s Mandeep Industries. Subsequently a Business Transfer Agreement was executed on June 30 2023 by and between Mr. Gurpal Singh Bedi Proprietor M/s Mandeep Industries and our Company whereby our company acquired the entire business of M/s Mandeep Industries on a going concern basis.The Corporate Identification Number of our company is U45402HR2023PLC110878.Major Events:2023-Incorporation of our Company “Mandeep Auto Industries Limited” as a Public Limited Company-Takeover of business of M/s Mandeep Industries Sole Proprietorship of our Promoter Mr. Gurpal Singh Bedi as a going concern in terms of Business Transfer Agreement dated June 30 2023