Mutual Industries Mutual Industries

Who we are and
what we do

Mutual Industries exhibits leadership
when it comes to providing engineered polymer solutions.

Mutual Industries Ltd. was established in the year 1979 to provide the industry with innovative state-of-the-art manufacturing solutions in engineered polymer based components, systems and related services.

Our expertise has led us to produce designs right from the concept stages to development, thereby helping us achieve supremacy as a wholly integrated unit. Our partners place utmost trust in our quality services and non-compromising value.

The foundation of Mutual Industries Ltd. was laid by the late Mr. J.M. Gandhi and Mr. D.K. Gandhi. The company is family-owned and is managed by professionals with impeccable experience.

Our Core Values

Growth

Responsibility & Accountability

Excellence

Expertise

Vision and Mission

Vision

To be a global company, leading with trail blazing innovations. To be known for our contribution to conserving environment and energy. To be appreciated for our quality. Our relationships with our customers are founded on high levels of mutual trust and respect.

Mission

To provide innovative solutions that touch lives and improves the environment.

Our Team

Announcements

Demerger of manufacturing of mould and plastic moulded components Business for automotive industry and manufacturing of moulds from the Mutual Industries Limited (Demerged Company) to the Mutual Automotive Pvt Limited and Mutual Engineering Private Limited (Resulting Companies) would help in achieving the following synergies / benefits:

  • As a part of an overall business reorganisation plan to take the divisions to the next level, and in order to provide focused attention and greater flexibility for achieving the true potential of both verticals and to facilitate funds from investors with dedicated interest, it is necessary to segregate and realign the two divisions as their potential warrants that both divisions have the strength to stand alone. Under the circumstances it is considered desirable and strategically sound to reorganise and reconstruct the Demerged Company by transferring the manufacturing of plastic moulded componentsBusiness for automotive industry and manufacturing of moulds of the Demerged Company to the MAPL and MEPL respectively, in the manner and on the terms and conditions stated herein.
  • The restructuring would result in effective and efficient utilisation of resources of the divisions of the Demerged Company, which will lead to improved performance, higher revenues and will help to serve all stakeholders better. Greater recognition will be given to major successes achieved within a specialised business, rather than within a more broadly based group.
  • The restructuring is in the best interest of shareholders, it will result in unlocking and maximising the aggregate long term value of the Demerged Company’s shareholders with the ability to adopt independent capital structures and financial policies, separate management team, greater investment choice, increased transparency for investors and increased flexibility.

Notice to unsecured creditors