Kothari Industrial Corporation Ltd (KICL), a Chennai-based diversified industrial conglomerate, is planning to enter the ferrous and non-ferrous metals business as part of its diversification and expansion strategy.
The board of the century-old BSE-listed company approved the proposed diversification-cum-expansion plan at its meeting on May 30. The proposed business will cover trading, manufacturing, processing, import, export, distribution and allied activities in the metals segment.
Expansion into new growth areas
The company said the investment outlay for the proposed venture would be determined based on business requirements.
KICL has been pursuing a strategy of expanding into new-age and high-growth sectors while leveraging its established business network and project execution capabilities.
Diversified business portfolio
KICL operates across multiple business verticals, including construction and infrastructure, footwear and retail, agro-fertilisers, drones and geospatial services, FMCG and hospitality, logistics, facility management, and waste-to-energy management.
KICL has undergone a significant transformation under the leadership of Executive Chairman and Managing Director Rafiq Ahmed, emerging as a diversified industrial group after its relisting on the BSE and NSE and expansion into a range of new businesses.
The company has built a strong track record in business development, market expansion and strategic partnerships across India and overseas markets.
It also positions itself as a bridge between innovative technologies and market opportunities, supporting the growth of India’s industrial and technological capabilities globally.
Recent partnerships
KICL recently signed an agreement with UAE-based waste management company Bee’ah Environment for waste management and waste-to-energy projects across Tamil Nadu.
The company has also partnered with deep-tech startup Tvasta to explore opportunities in construction 3D printing technology in Australia, India and GCC countries.