Aaron Industries Limited is an Indian company established in 2013, focusing on the recycling and manufacturing sectors. It aims to provide top-notch solutions for the elevator industry and related fields. By 2018, the company set its sights on becoming a Public Limited Company and successfully entered the Elevator Industry.
AARON manufactures and sells elevators and elevator parts. It focuses on two main segments, Elevator and Steel Polishing. The company offers a range of products that include stainless steel, mild steel, and premium material elevator cabins, auto doors, and designer sheets. It also offers door operators and swing doors and serves customers throughout India.
Its purpose is to transform resources into products that enhance ease, comfort, safety, and value to human life. The company's values include result-oriented smart work, continuous improvement in all activities, and fostering continuous employee growth.
Achievements & Market Position
Aaron Industries Limited has quickly established itself as a key player in the elevator industry. The company has executed over 6000 projects that signal its significant industry position. It is recognized for its advanced technological infrastructure and innovative product offerings including a variety of elevator cabins and auto door systems. These achievements reflect its unique market presence and dedication to enhancing customer experience.
Financial Performance
The company's financial growth is notable as well, with a consistent increase in sales and profits over recent years. It has achieved a 42.2% CAGR in profit over the past five years and maintained a 25.4% return on equity over three years.
AARON also improved its debtor days from 21.9 to 16.6 which indicates efficient receivables management. However, its share price is valued at 8.72 times its book value.
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Its compounded profit and sales growth indicate robust financial health and operational efficiency. The continuous growth in net profit, alongside a commendable return on equity, indicates the company’s successful market strategy and operational excellence.
Leadership & Management
This company emphasizes a culture of result-oriented smart work, unity, continuous improvement, and employee growth. Their leadership and management team work closely to make sure the company innovates and improves daily. They contribute significantly to their sector and maintain a strong market presence.
Amar Chinubhai Doshi leads Aaron Industries as its Chairman and Managing Director. He focuses on strategy and business development. His son, Karan Amar Doshi, oversees production as the Whole-Time Director. Monish Amarbhai Doshi is another key family member, who handles the company's finances and sales as the CFO and Sales & Marketing Head. Together, they guide the company's direction and growth.
Final Words
Aaron Industries Limited has rapidly grown in the elevator industry. It stands out for its innovative approach in the elevator industry. The company showcases its commitment to quality and diversification with its innovative product range and expansion into stainless steel polishing. Also, it emphasizes innovation, teamwork, and continuous improvement. It sets a strong foundation for future growth and market leadership.