Special Feature on     

Published: Mar 31, 2023
Updated: Mar 31, 2023

Pradeep Metals

Leader in Precision Machined Forgings

Headquartered in the Thane-Belapur industrial belt of Navi Mumbai, Pradeep Metals Ltd, an ISO-9001:2015, ISO 14001:2015, ISO 45001:2018, PED and AS 9100D certified company, is engaged in the manufacture of closed die metal forgings and fully machined precision components since 1984. The company specialized in low volume-high mix components in carbon, alloy, stainless, duplex, super duplex, nickel alloys and titanium steel forgings for the valves, instrumentation, pharma, dairy, defense, railways, mining, oil & gas and general engineering industries. It offers forged and fully machined components and bar machined components for the above industries.

The company was promoted by the father-son duo of the late Ved Prakash Goyal, a chartered engineer with experience of around half a century in the steel and heavy engineering industry, and Pradeep Goyal, a far-sighted and expert metallurgist, and was known right from the beginning for its high-quality products. In 1992, the father handed over the reins to Pradeep as he wanted to enter politics.

Technologically gifted and wedded to the ideal of the highest quality, Pradeep Goyal with his innovative bent of mind has taken the company to new heights during the last three decades by making the company preferred supplier for many MNC’s.

Pradeep knowns his business indepth. His company has both press forging and hammer forging along with the most modern tool room facilities with CAD/CAM. With in-house heat treatment, machining and destructive as well as non-destructive testing facilities, the company produces closed die forgings weighing up to 60 kg.

GLOBAL KUDOS

Pradeep Metals’ quality speaks for itself. Today, almost 70 per cent of its products exported to the US, the UK, Germany, Sweden, France, Italy, Mexico, Canada, Denmark, New Zealand, Romania, Argentina, China, Japan and Singapore. He says with justifiable pride, “This is a testimony to the quality of our products and timely delivery. Little wonder, the company has established its reputation throughout the world for the last two decades.”

He asserts, “For the last two decades, the company has consistently maintained a standard and demonstrated its capability to deliver quality products in the lowest possible lead time all over the world. The company is specialized in low volume, high mix products, which gives significant flexibility to customers for the requirements of overseas clients.” The far-sighted Mr Goyal has kept stocks at various worldwide locations, based on mutually agreed terms. This permits the company to achieve speed of delivery. Asserts Mr Goyal, “Little wonder, the company has been successful in becoming a strategic and preferred supplier of quality forgings because we work with customers to understand their requirements and adopt all new ideas and techniques such as Lean, TOC, etc., to serve them better.”

According to him, the company has also invested in the latest IT tools such as simulation of processes, ERP, IoT, and the best design software. Sustainability of the environment is a hallmark of the company and it has invested in sustainability to achieve zero discharge and become a green company.

The good demand for the company’s products is well reflected in its financial performance. During the last nine years, its sales turnover has expanded from Rs 113 crore in fiscal 2014 to Rs 221 crore in fiscal 2022, with operating profit shooting up almost three times from Rs 12 crore to Rs 35 crore and the profit at net level spurting more than three times from Rs 6 crore to Rs 20 crore.

CUTTING-EDGE R&D

Prospects for the company going ahead are all the more encouraging. Says Mr Goyal, “The company is looking forward to including value-added products such as fully machined parts and sub-assemblies in its portfolio. It is also reaching out for defence sales as the government moves towards ‘Make II’ and ‘Make III’ programmes. The railway industry is also on the anvil for the growth of the company.”

On the future goals of the company, Pradeep Goyal says, “The company embarked on a radically new area of R&D using microwaves about 10 years back. Many innovative technologies have been developed and patented. We intend to commercialize them shortly.”

December 15, 2024 - First Issue

Industry Review

VOL XVI - 07
December 01-15, 2024

Formerly Fortune India Managing Editor Deven Malkan Assistant Editor A.K. Batha President Bhupendra Shah Circulation Executive Warren Sequeira Art Director Prakash S. Acharekar Graphic Designer Madhukar Thakur Investment Analysis CI Research Bureau Anvicon Research DD Research Bureau Manager (Special Projects) Bhagwan Bhosale Editorial Associates New Delhi Ranjana Arora Bureau Chief Kolkata Anirbahn Chawdhory Gujarat Pranav Brahmbhatt Bureau Cheif Mobile: 098251-49108 Bangalore Jaya Padmanabhan Bureau Chief Chennai S Gururajan Bureau Chief (Tamil Nadu) Ludhiana Ajitkumar Vijh Bhubaneshwar Braja Bandhu Behera

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