Arrowhead Seperation Engineering Ltd - Stock Valuation and Financial Performance

Arrowhead Seperation Engineering was incorporated as Arrowhead Seperation Engineering Private Limited on July 25, 1991 under the Companies Act, 1956 with the Registrar of Companies, Mumbai. The status of the company was changed to public limited and the name of the company was changed to Arrowhead Seperation Engineering Limited vide Special Resolution dated March 01, 2023. The fresh certificate of incorporation consequent to conversion was issued on April 18, 2023 by the Registrar of Companies, Mumbai.

The company is primarily engaged in design and manufacture of various chemical process Equipments with specialization in continuous drying and cooling system equipment. The company has a vision to develop Equipment and provide solution which matches with the global standard. The company has its registered office with manufacturing facility at Survey No 39, Village Mundhegaon, Tal Igatpuri, Nashik, Maharashtra. The factory is equipped with all requisite manufacturing facilities & managed by experienced and skilled managerial as well as workshop staff. It has a corporate office located at T.T.C Industrial Area, Village Pawane, Thane Belapur Road, Navi Mumbai. It conducts pilot trials on client’s material to arrive at suitable drying solution for their application.

The company is in dryer manufacturing business for more than two decades now and its team with its experience has been instrumental in driving growth and business strategies of the company. It has been continuously focusing on upgrading with better designs and team to be able to cater the needs of client and provide them with quality equipment. It has established network and healthy client base due to its quality product with customization as per client’s requirements. Its Factory is a workshop where the process of welding, grinding and machining is done as and when the customer order is received. It even gets its work done through sub-contracting and even employing contractual labors.

Business area of the company

The company is primarily engaged in design and manufacture of various chemical process Equipments with specialization in continuous drying and cooling system equipment.

Products of the company

• Rotary tube bundle dryers
• Flaker systems
• Zero Liquid Discharge (ZLD) systems
• Operating principle paddle dryer
• Vacuum double drum dryer

History and milestones

• 1991: Incorporation of the Company Arrowhead Seperation Engineering Private Limited.
• 1992: Setting up of Registered Office.
• 1996: Entered into strategic partnership with R. Simon (Dryers) Limited.
• 2005: Exported products to Malaysia.
• 2007: Became a member of Engineering Export Promotion Council.
• 2008: Turnover of the Company crossed Rs 15 crore.
• 2008: Exported products to UAE.
• 2014: Exported products to Saudi Arabia.
• 2019: Exported products to Egypt.
• 2021: Large number of orders and works were put on hold due to Covid outbreak and its relations with foreign partners weakened due to process driven issues during such period.
• 2022: Ended its strategic partnership with R. Simon (Dryers) Limited and they ceased to be shareholders as well as any other type of involvement in its operations.
• 2022: Sub-division of the Face Value of Equity Shares from Rs 100 to Rs 10 each share and issue of Bonus Shares.
• 2023: The Company raised unsecured loans and Exported large order to Germany successfully.
• 2023: Company converted from Private Limited Company to Public Limited Company vide special resolution passed at General Meeting dated March 01, 2023.