September 26, 2017 2:57 AM ET

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Company Overview of Synergies Castings Limited

Company Overview

Synergies Castings Limited designs, manufactures, and supplies cast alloy wheels, aluminum castings, and plastic components to the automobile industry in India and internationally. The company offers base alloy wheels, polished and chrome plated wheels, and special OEM grade chrome wheels for a range of vehicles from cars and jeeps to SUVs and light trucks. It also provides engineering services, such as concept design, engineering analysis, development, tooling, prototyping, product manufacturing, testing, and supply to the automotive and engineering industries. Synergies Castings Limited was founded in 1999 and is based in Visakhapatnam, India with design centers and warehouses in Cologne a...

# 3, Visakhapatnam Special Economic Zone

Duvvada

Visakhapatnam,  530 046

India

Founded in 1999

Phone:

91 89 1258 7181

Fax:

91 89 1258 7481

Key Executives for Synergies Castings Limited

Promoter, Managing Director and Director
Age: 52
Promoter, Executive Director of Finance and Director
Age: 53
General Manager for Accounts
Age: 64
Executive Director of Technical and Director
Age: 79
Company Secretary
Age: 44
Compensation as of Fiscal Year 2017.

Synergies Castings Limited Key Developments

Kubera Cross-Border Fund Limited Reports Un-Audited Interim Results for the Six-Month Period Ended June 30, 2017

Kubera Cross-Border Fund Limited reported un-audited interim results for the six-month period ended June 30, 2017. For the period, the company reported investment income was $2,280 against investment loss of $302 a year ago. Net investment loss before tax taxation was $347,638 against $383,488 a year ago. Net investment loss after tax was $347,638 against $383,488 a year ago. Cash flow from operating activities was $511,609 against $379,236 a year ago.

Mumtalakat and Synergies Castings to Build Aluminum Plant

Mumtalakat and Synergies Castings will build a $150 million downstream aluminum facility in Bahrain. The aluminum casting and specialty alloy wheel manufacturing plant will take around 18 months to build and is expected to open in late-2017. It will have an annual production capacity of around 25,000 metric tons equivalent to around 2 million wheel alloys. The joint venture is split 51%/49% between Synergies Castings and Mumtalakat with the latter helping to secure loans from Bahraini banks to finance its construction.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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