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Founded in the wake of India's independence, Mahindra Accelo is an integral part of the renowned Mahindra & Mahindra (M&M) Group, which evolved from a steel trading entity into a diversified industrial giant. Established to handle steel trading, the Accelo Division remained a core activity of the M&M Group, even after independence. However, in a post-liberalization era, the division saw a remarkable transformation. It began offering value-added services for steel processing, leading to the creation of Mahindra Steel Service Centre Ltd. (MSSCL), the first steel service center in the organized sector in India, situated near Pune. This marked a significant shift, introducing the concept of Just-in-Time (JIT) delivery of processed steel in the country. Recognizing the growth and importance of their steel trading and processing operations, the M&M Group decided to establish an independent subsidiary, giving birth to Mahindra Accelo in 1999. Since then, Mahindra Accelo has continuously evolved, expanding its operations and diversifying into various industries, including Automobile, Power, Electrical Stampings, Progressive Stampings, Automobile Recycling, Purlins (Steel Structures), and Electric Vehicle Motor Cores. This evolution has not only made Mahindra Accelo one of the oldest and most respected businesses within the Mahindra Group but also a pioneering force in technological advancement within India. With a strong focus on innovation and technology adoption, Mahindra Accelo has introduced world-leading technologies to the Indian market. The company has not only catered to the steel processing industry but has also ventured into diverse sectors, adapting to market dynamics and expanding its footprint across various geographies. Its international presence includes operations in Indonesia and the United Arab Emirates, further solidifying its global influence. In line with the Mahindra Group's commitment to forging strategic partnerships, Mahindra Accelo has established subsidiary companies in joint ventures with global steel mills and trading conglomerates. These include Mahindra Steel Service Center Ltd. (a collaboration with Metal One Corp., Japan), Mahindra MiddleEast Electrical Steel Service Center FZC (in partnership with Nippon Steel & Sumitomo Metal Corp., Japan), Mahindra Auto Steel Pvt. Ltd. (a joint venture with China Steel Global Trading Corp., Taiwan, and Mitsui & Co., Japan), and Mahindra MSTC Recycling Pvt. Ltd. (in collaboration with MSTC Ltd., a Government of India Enterprise). Additionally, PT Mahindra Accelo Steel Indonesia is in the pipeline to commence commercial production, further extending the global reach of the Mahindra Accelo brand. Mahindra Accelo and its associated group companies, Mahindra Steel Service Center Ltd., Mahindra MiddleEast Electrical Steel Service Center FZC, Mahindra Auto Steel Pvt. Ltd., and PT Mahindra Accelo Steel Indonesia, collectively operate under the umbrella brand - Mahindra Accelo. This unified approach allows the group to leverage its core qualities and capabilities more effectively, ensuring a cohesive and synergistic approach to its business endeavors. Mahindra Accelo stands as a pioneer in the steel processing industry in India, commonly known as steel service centers, and also takes pride in leading the way in automobile recycling in the country. The company boasts an impressive list of firsts, including the establishment of the first steel service center in India within the organized sector, the first electrical steel service center in South Asia, the first steel service center abroad by an Indian entity, and the first organized vehicle recycling facility in India. Today, Mahindra Accelo operates a network of domestic and international steel service centers, ensuring a robust presence in major cities across India and abroad. This extensive network extends to include vehicle recycling facilities in Greater Noida, Chennai, and Pune, along with vehicle collection centers in Mumbai, Bangalore, Hyderabad, Chandigarh, Jaipur, Ahmedabad, and Indore. Mahindra Accelo is not only an industry leader but also a symbol of sustainable and technologically advanced solutions in India's industrial landscape. Its commitment to innovation, sustainability, and global expansion reinforces its position as a dynamic and forward-thinking company, contributing to the development of India's industrial sector.
Business Type | Manufacturers | Country / Region |
India
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Main Products | Solar Panel | Address |
Mahindra Towers P.K. Kurne Chowk Worli 400018 ,
Mumbai ,
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Ownership | Total Employees | Not Available | |||
Total Annual Revenue | Year Established | 1999 | |||
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Business Type | Manufacturers | |
Main Products | Solar Panel | |
Total Employees | Not Available | |
Year Established | 1999 | |
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Main Markets | Not Available |
Country / Region | India | |
Address | Mahindra Towers P.K. Kurne Chowk Worli 400018 , Mumbai , | |
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Team
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