Krishna Defence & Allied Industries Ltd
KRIS

Krishna Defence & Allied Industries Ltd (KRISHNADEF)

₹811.4%

Key Stats

₹78.05
Day's Price Range
₹83.45
₹53.05
52-Week Price Range
₹118.35
1 Month Return-16.26 %
3 Month Return44.37 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

ROE
Rank 1
11.6%

Company Information

Krishna Defence Allied Industries Limited was originally formed as a Partnership Firm under the Indian Partnership Act 1932 in the name M/s.Krishna Industries pursuant to a Deed of Partnership entered between Mr.Ankur Ashwin Shah Mrs Pallavi Ashwin Shah and Mr. Bhadresh Sanatkumar Joshi in 1997. Later the Partnership Firm was dissolved by mutual consent of Partners w.e.f March 31 2002 vide Dissolution Deed dated April 01 2002 and the business of M/s. Krishna Industries was taken over by Mr. Ankur Ashwin Shah as a Proprietor. Thereafter a Deed of Partnership dated April 05 2011 was formed between Mr.Ankur Ashwin Shah Late Mr.Ashwin Natwarlal Shah Mr.Dilip Natwarlal Shah Mr.Kiran Brijmohandas Shah Mr. Chetan Kuberdas Dharia M/s Krish Commodities India Private Limited and M/s Krish Industries Private Limited to admit as partners in the proprietorship business running in the name of Krishna Industries w.e.f April 01 2011. Later the Partnership Firm was registered under the Indian Partnership Act 1932 with Registrar of Firms Mumbai vide Registration Certificate dated January 05 2013. Further M/s Krishna Industries was converted from Partnership Firm to a Private Limited Company under Part IX of Companies Act 1956 in the name of Krishna Allied Industries Private Limited vide Certificate of Incorporation dated September 10 2013. Subsequently the Company was converted from Private Limited Company to Public Company vide Special Resolution passed by Shareholders of the Company on September 27 2021. Thereafter name of the Company was changed from Krishna Allied Industries Private Limited to Krishna Allied Industries Limited vide fresh Certificate of Incorporation issued by Registrar of Companies Maharashtra Mumbai on October 20 2021. Further name of the Company was subsequently changed from Krishna Allied Industries Limited to Krishna Defence and Allied Industries Limited pursuant to a Special Resolution passed by Shareholders of the Company on November 01 2021. A fresh Certificate of Incorporation consequent to change in name was issued by the Registrar of Companies Maharashtra Mumbai on December 07 2021. The Company is led by Promoter and Managing Director Mr. Ankur Ashwin Shah having an overall experience of around 22 years in the associated industry.The Company is engaged in the diversified business of manufacturing defence application products dairy equipment products and kitchen equipments. The Company has entered into various licensing agreement with Defence Research and Development Organisation DRDO for obtaining the knowhow and rights which enable it to manufacture and supply specialized defence application products for the Indian Armed Forces. Under defence application the Company provide a wide array of high performance products for naval applications and other utilities such as shipbuilding steel bulb bar special steel alloy bricks used as ballast weight for critical applications super alloys weld consumables like welding wire flux and electrodes food container and improved space heating device which is also known as Bukhari. The Company has two manufacturing facilities in Gujarat located at Kalol and Halol district near Vadodara. Its manufacturing facilities are accredited with ISO 9001:2015 quality management system as manufacturer and exporter of stainlesssteel milk cans milking machine milk coolers dairy and kitchen equipment milk testing equipment Galley equipment shipbuilding steel bulb bars modular vehicle barrier automatic tyre killer. The Company has diversified its products under various business verticals mainly due to strong research and development RD and technological capabilities. The RD capabilities include product design product engineering product simulation prototyping and testing. Its RD activities are mainly undertaken at Companys manufacturing facilities. The research activities are focused in creating new products and solutions which are customized to meet customer expectations and enduser preferences and improving production processesand quality of existing products. With RD capabilities the Company is currently developing several new products for some of which it has secured orders as well. In year 1997 Company started its operations in the dairy equipment manufacturing as a Partnership Firm M/s. Krishna Industries and over the years the Company has developed a wide range of dairy equipment products such as stainless steel milk Cans Milk Cooling Tanks or Bulk Milk Coolers Milking Machine Cow Grooming Brush and Robotic Milk Collection Unit. In 2006 the Company attempted for the first time to develop Shipbuilding Steel Bulb Bars which was a very critical component for the Indian Navys Indigenization Program and the attempt successfully yielded the result in the trial batch exactly as per requirement of Indian Navy. IIn 2008 the Company received Appreciation Certificate from Defence Metallurgical Research Laboratory DMRL Hyderabad for successfully carrying out project of manufacturing the Indigenized Steel Bulb Bars which are used in hull construction of Naval warships. The project was of national importance involving import substitution. In year 2010 the Company stretched the operations into the business of manufacturing Kitchen Equipment and commenced manufacturing of Bulk Cooking Equipment like Rice Cauldron Dal Cauldron Braising Pan Distribution Vessels Rice Chute Dal Storage Tank which are used by organizations which run Midday Meal Programs where cooking is done for up to 100000 meals a day. Presently the Company is supplying such products to The Akshaya Patra Foundation.The Company accepted as approved vendor by Indian Navy included in Naval Contractual Directives for supply of shipbuilding steel sections Bulb Bars for Warships in year 2011.On August 20 2014 the Company received Defence Technology Absorption Award 2013 along with Prize Money of Rs. 5 lacs from Ministry of Defence MoD by the Honble Prime Minister Shri Narendra Modi for pioneering efforts towards first time indigenous production of Bulb Bars in association with DRDO for meeting the requirements of Indian Navy. The Company achieved a new milestone in 2015 in the dairy industry after acquiring patent for invention of Automated Milk Analysis and Collection Apparatus called Robotic Milk Collection Unit RMCU upto to the year 2035. The developed product works like a Kiosk for Milk Collection for Milk Society and analyzes farmer milk not only for Fat SNF but also tests the milk for adulteration. The RMCU ensures only topquality milk is collected by the Milk Society and below par milk or adulterated milk is rejected. In 2017 the Company was accepted as approved vendor for manufacture of steel bulb bars by the Indian Register of Shipping IRS. The Company received Certificate of Steel Mills from American Bureau of Shipping for Facility and Process Approval for manufacturing section components of marine applications as well.In 2018 Krishna Defence Allied Industries Limited was awarded INDIA SME 100 Awards organized by India SME Forum and supported by Ministry of MSME in the overall evaluation of Financial NonFinancial Parameters. During the year 2019 the Company signed Transfer of Technology TOT with Defence Institute of Physiology and Allied Sciences DIPAS New Delhi for manufacture and sale of Improved Space Heating Device Bukhari used by Indian Armed forces at high altitude in very Cold conditions. The Company signed TOT with DIPAS New Delhi for manufacture and sale of Man Mounted Cooling System to be used by Indian Armed forces in extremely Hot Conditions. The Company signed TOT with DIPAS Delhi for manufacture and sale of Solar Snow Melter to be used by Indian Armed forces at high altitude. Apart from this it also received Developmental Order for supply and manufacture of specialized Weld consumable for critical application of the Indian Navy. In year 2020 the Company ventured into new business vertical of manufacturing and marketing of Homeland Security Products wherein it planned to manufacture products like Modular Vehicle Barrier Automatic tyre Killer Multipurpose Launcher and Long Range LED Searchlight used by the Indian Armed Forces for which the Company has entered into agreements with foreign vendors for import of critical component required to manufacture/ assemble these products in the factory. It propose to sell such product under MAKE IN INDIA Program. The Company has received developmental order from Indian Navy for developing Super Alloy Weld Consumables which will be used in critical applications wherein the delivery of first lot is expected to be completed in last quarter of this financial year. Lately in year 2021 the Company signed TOT with Research Development Establishment Engineers Pune for manufacture and sale of Improvised Explosive Device IED Containment Vessel to be used by Indian Armed forces for protection. The Company successfully developed and delivered the first order for Special Steel Alloy Ballast Bricks for critical applications of the Indian Navy for weight balancing.
OrganisationKrishna Defence & Allied Industries Ltd
HeadquartersMumbai
IndustryDiversified