Grover Metalloys Ltd.

Grover Metalloys Ltd.

The company was incorporated in the year 2004, with the objective of Trading and marketing of Metals and Ferro Alloys. The Promoters have vast experience of Ferro Alloys industry by being engaged in manufacturing of Ferro Alloys since 1985, under the name of M/S Apolo Extrusion, having base of operations at Kanpur.

This experience was utilized for expansion of business by selecting base of operations at Mumbai, the financial capital of India, besides Kanpur and by adding other Ferro Alloys and Metal in which end users were either same clients as of Apolo Extrusion or of same nature i.e. producers of Steel, Welding Electrodes and Foundries.

We started our business with marketing of Nickel, whose prices continuously went up since 2004. Upto certain level the business was on the rise but because of exorbitant price rise in Nickel, the business was kept in slow pace to avoid huge losses on inventories held, anticipated due to sudden collapse of the market in future. This cautious approach helped us to pass through the volatile state where in the prices of Nickel dropped from USD 55000 PMT to USD 12000 PMT and we kept on generating profits every year despite of recessionary phase following collapse.

From October 2010 we have again geared up our operations by opening Branches at Kanpur and Vadodara for marketing our products in the states of Uttar Pradesh and Gujarat and we hope to achieve an exponential growth in turnover in coming years.

Apolo Extrusions Ltd.

The Promoters have vast experience of Ferro Alloys industry by being engaged in manufacturing of Ferro Alloys since 1985, under the name of M/s Apolo Extrusion, the proprietorship concern having base of operations at Kanpur.

The company was incorporated in the year 2008, with the objective of expanding market share of the company in Ferro Alloys industry. This experience was utilized for expansion of business by selecting base of operations at Mumbai, the financial capital of India, besides Kanpur and by adding other Ferro Alloys in which end users are either same clients as of Apolo Extrusion or of same nature i.e. producers of Steel, Foundries and Welding Electrodes.

Our existing Factory in Kanpur is in function since 1985 and keeping in view the impressive track of turnover the company went ahead in purchasing an additional Factory land in Kanpur in April 2010, where enhancement of installed capacity for existing as well as new products is planned to be added. The additional capacity is expected to be operational by the end of year 2012.

With the effective and efficient marketing team being on our penal, sound financials and experienced management, we hope to achieve an exponential growth in turnover in coming years.