Group Companies

Magicrete Building Solutions Pvt Ltd – Construction materials

Magicrete Building Solutions is India’s frontline manufacturer of AAC Blocks, a technology that has turned over a new leaf in the construction Industry. Magicrete was a pioneer in green building materials, founded with the vision of introducing prefabricated construction technologies to the Indian construction and infrastructure industry and over the years, it’s regarded as a frontline producer of these blocks with two manufacturing units in Gujarat and Haryana covering the strategic markets of West and North India respectively. Magicrete is a part of a conglomerate that has an aggregate turnover of over Rs. 5 billion and is into sectors like chemicals, real estate and textiles. Magicrete has successfully raised its first round of Private equity funding from Motilal Oswal, one of the biggest equity investors and has plans of coming up with its units in other parts of India

Mahati Industries Pvt Ltd – Power sector

Mahati Electrics began operation over 40 years ago and with a manufacturing facility of upto 100MVA, 220KV class transformers; they have successfully repaired/refurbished power transformers upto 300MVA, 220KV. With exports to over 4 continents, Mahati Electrics has firmly established itself as a strong player in the field of Power transformers-well known for wide range, reliable designs, excellent materials, international standards and globally benchmarked manufacturing practices. Mahati has a strong foothold amongst Ferro alloys and steel industries in India and Africa which includes transformers for submerged arc furnaces, induction furnaces, ladle furnaces, holding furnaces, direct arc and DC arc applications. Over 4 decades, Mahati Electrics has emerged as a major contracting company undertaking works at Hydro, Thermal, Nuclear, Gas and Wind power generation projects. They have successfully executed EPC, Erection, Maintenance, BOOT & upgradation contracts for over 12000 MW power generations all over India.