About Aeron Composite Limited Limited

Aeron Composite is engaged in the business of manufacturing and supplying of Fiber Glass Reinforce Polymer Products i.e. FRP products including FRP Pultruded Products, FRP Moulded Gratings & FRP Rods tailored for various industrial applications. The Company provide comprehensive solution which includes conceptual design, prototype development, testing, manufacturing, logistic support, installation and after sales service. FRP product is a composite material consisting of a polymer matrix (resins) reinforced with fibers such as fiberglass, carbon or aramid. This combination offers numerous benefits, including corrosion resistance, chemical resistance, high strength, lightweight properties, electrical and thermal non-conductivity, and ease of fabrication. 

The manufacturing unit has accreditations such as ISO 9001:2015 for the scope of design, manufacturing and supply of FRP pultruded products, FRP Handrails, FRP cable trays, FRP fencing, FRP moulded gratings, FRP Cross arm, FRP poles, FRP rods and moulded mounting structure for solar panels (MMS). Further, our in-house R & D unit is registered with the “Department of Scientific & Industrial Research” for purpose of developing new products and processes. Recently, we have been awarded with Certificate of Recognition and accorded the status of “Two Star Export House” in accordance with the provisions of the Foreign Trade Policy, 2023.

The company started its operations in year 2011, with manufacturing and supply of pultruded products in manufacturing unit taken on rent at Changodar in Gujarat. In FY 2012-13, the company diversified its product portfolio by introducing FRP Moulded Gratings and then in FY 2014-15, we ventured into manufacturing of FRP Rods. To support this existing and further product expansion, in 2019 we relocated to bigger manufacturing unit measuring 26320 Sq. mtr. located at Saket Industrial Estate, Plot no. 30/31, Sarkhej-bavla highway, village moraiya, Changodar, Ahmedabad-382213. All manufacturing activities were transferred to this new, larger site, which provided the necessary infrastructure to support our expanded operations and future growth plans. Along with this manufacturing unit, the company also have one marketing office located at 309, 3rd floor, Devarc Commercial Complex, Iscon cross road, S.G highways, Ahmedabad-380015. 

The Company is managed by Promoters - Chirag Chandulal Patel, Dilip kumar Ratilal Patel, Pankaj Shantilal Dadhaniya and Ravi Pankaj kumar Patel. Chirag Chandulal Patel (Managing director of the company) is responsible for complete production and operational activities of the company and is having an experience of 03 years in this industry. Dilip kumar Ratilal Patel (Chairman and Non-Executive Director of our Company) is having an experience of more than 13 years and is playing vital role in formulating business strategies and effective implementation of the same. Pankaj Shantilal Dadhaniya and Ravi Pankaj kumar Patel are the whole-time directors of the company having an experience of 13 years & 10 years respectively in same industry. 

COMPOSITE MATERIAL Global Market Size: 
The market for Fibre Reinforced Polymer (FRP) Rebars is anticipated to increase at a CAGR of 10.2% from 2022 to 2028, from an estimated value of US$215.88 million in 2021 to US$421.02 million. Carbon fibre will be the dominant composites material through 2031, when the value of the global market for all composites is forecast to reach $88.7 billion, an increase from $34 billion in 2021 that represents a compound annual growth rate (CAGR) of 10.2 percent from 2022 to 2031. 

Indian Market: 
In India, the demand for FRP is increasing quickly and is expected to do so in the near future. The key drivers of its increase are the country’s increasing building infrastructure and the expanding structure development conditions. Because of this, more and more architects, engineers, and builders are specifying FRP rebar for their systems. Manufacturers of FRP rebar product outfits now have a fantastic opportunity to grow their companies or kick-start their activities in India. The Indian Brand Equity Foundation (IBEF) predicts that India’s construction industry will expand at a CAGR of 20%. This is due to increased expenditures in infrastructure development systems, such as smart cities, highways and roads, airports, and trains, made by both public and private parties. Carbon fibre composites provide many properties that end-users find attractive, notably, high corrosion resistance, low thermal expansion and exceptional durability. They are broadly used in the production of aerospace and defence parts, wind energy turbines and may become staples of electric vehicles.

The Indian composites market is expected to reach an estimated value of US$ 1.9 billion by 2026 with a CAGR of 16.3% from 2021 to 2026 and the Indian consumption of composite materials will touch 7,68,200 tonnes in 2027. The global composites market size is projected to grow from USD 74.0 billion in 2020 to USD 112.8 billion by 2025, at a CAGR of 8.8%. The composites industry is growing due to the rise in demand for high performance materials, globally. The automotive segment is becoming increasingly obsessive with consumption of carbon fiber and has increased significantly over the past years. The increasing demand for electric vehicles in countries like China and United States is also a major driving factor for the demand for composite material.

India is poised to initiate the manufacturing of T100 carbon fibre within the next 2.5 years, aiming to overcome import licensing restrictions that impede its use in strategic applications, according to NITI Aayog member Mr. V K Saraswat. T100 carbon fibre finds extensive utility in defence, aerospace, and civil engineering sectors, encompassing the production of hydrogen cylinders, missiles, launch vehicles, aircraft, bulletproof jackets, and bridges. Saraswat expressed confidence in India's ability to achieve indigenous production of T100 carbon fibre, thereby mitigating dependence on foreign suppliers and addressing licensing constraints.

STRENGTHS:
1. Revenue from multiple geographies from various countries across the Globe
2. Diverse range of Fiber Glass Reinforce Polymer Products
3. Experienced Senior Management

STRATEGIES:
1. Setup of new integrated manufacturing unit.
2. Setup of new integrated manufacturing unit.
3. Continue to invest in R&D capabilities
4. Continue to strengthen our existing product portfolio and diversify into new product lines

RISK FACTORS:
1. The business is capital intensive in nature.