About
Disa India Ltd
Disa India Ltd.(formerly George Fisher Disa), part of Cophenhagen based Disa A/S Group, manufactures foundry machinery like moulding plants, sand plants and shot blasting machines. The Company is a leading equipment manufacturer with advanced foundry and surface preparation process technology. It supplies complete foundry systems with DISA range of moulding machines, sand mixers with combination of sand plant equipment, surface preparation machines and environmental control systems to customers in New Delhi, Pune, Kolkata and Bangalore with its two manufacturing plants located in Tumkur and Hosakote in Bangalore, Karnataka.
Promoted on May 25, 1984 as BMD Industries with technical and financial participation from BMD, Germany; Vulcan Laval, Germany and KSIIDC. Internationally Disa A/S has acquired the 50% stake of George Fisher in the former JV company George Fisher Disa thus making the Disa A/S the sole owner of George Fisher Disa in 2000, the Indian operations of the former JV has also became part of Disa A/S. And subsequent to this development the name of the company is changed to Disa India Ltd.
The Company commenced new line of activity for manufacture of control panels at Hoskote.
The New DISAFLEX80, which was commissioned during the year 2010, expanded the range in the Horizontal Flask Lines Category. The Company developed &. installed the Automatic Mould Handling (AMH) Systems in India, for the New range of Medium & Large DISAMATCH machines, which came from Denmark. It launched the First Made in India DISAMATIC Vertical Moulding Machine - DISA 030 - in the IFEX in Feb'2011 at Chandigarh and thereafter Match 2024 (Horizontal Matchplate Moulding Machine) was launched in Feb'2012. The first machine (HB-I) from the Wheelabrator range was localised for the Indian Non-Foundry markets. In Jan 2013, at IFEX Kolkata, the Company launched the New DISA 20FP Core Machine and also the Manipulator Type DS-1 Machine.
During the year 2016, the Company formed a Wholly Owned Subsidiary (WOS) in the name of Bhadra Castalloys Private Limited, which commenced operations from April 01, 2016. The subsidiary company through an Assets Purchase Agreement, acquired Sri Rajarajeswari Foundry, located in Bhadravathi, Karnataka, engaged in manufacturing of high alloy steel castings, at consideration of Rs 700 lakhs. It launched the new C3-150 DISAMATIC Machine with 150 moulds/hour speed foundry machine. It executed the prestigious Shot Blasting Project for JCB, Jaipur incorporating the latest technologies available globally with the distinct honor of being the largest Shot Blasting Solution.
Disa India Ltd
Chairman Speech
Dear Shareholders,
It is with great pride and pleasure we present this Annual Report to all of you. It's
time to celebrate the years of success of your Company, and the last few years especially,
which have taken the business to a whole new level of market presence and performance. The
revenues and market capitalization of your Company is at an all-time high and has become
the benchmark for the industry.
As shareholders, we have always counted on your valued support which led to this joint
success for DISA India Limited (DIL).
We would like to share with you a few of the highlights of the last year.
Consolidation of the Tumkur manufacturing facility into a world-class manufacturing
hub:
One of the significant milestones we accomplished and presented to the market is the
transformation of the our Tumkur manufacturing site. The consolidated facility has become
a world-class production hub for Norican Group. It is a strategic move that has opened new
opportunities for DIL to serve global markets. By leveraging state-of-the-art technology
and a skilled local workforce, we have successfully ventured further into new
international markets, fostering lucrative opportunities for export, and expanding our
customer base. We are proud to say that DIL manufactured equipment today can be found in
more than 30 countries around the world, across Europe, North America, South America,
South Asia, CIS, and Middle East countries. This is no small achievement for our
operation, and we would like to thank the Norican Group team for their help and guidance
on this journey. The standard of quality of our equipment has improved significantly,
solidifying our position as a global leader in our industry.
Success in digitalizing foundries with Monitizer digital solutions:
In an era shaped by digital transformation, we recognized the need to innovate on
behalf of our customers and stay ahead of the curve. This year, we helped many customers
embark on their digitalization journeys by deploying Norican's revolutionary Monitizer
digital solutions across their foundries. Harnessing the power of cutting-edge technology,
we have delivered substantial improvements in operational efficiency, productivity and
resource utilization. The seamless integration of Monitizer into our customers' processes
has empowered them to make data-driven decisions, run advanced predictive maintenance
programs, and achieve higher production volumes. We have first-mover advantage in our
industry, offering an end-to-end solution designed for our customers' processes. It
powerfully demonstrates our commitment to bringing new technologies to the market and
embracing technological advancements for the benefit of our customers.
SBTi - CSR initiative: Greening our future, planting trees:
As a responsible corporate citizen, we firmly believe in looking after the environment
and the communities we operate in. This year, we made significant progress towards our
SBTi commitments (emissions reduction targets) and other Corporate Social Responsibility
(CSR) targets to promote sustainability in all its facets. For example, we initiated a
comprehensive tree planting drive, successfully planting the first thousand trees - to
help combat deforestation, restore biodiversity, and create a greener future. We are also
working on switching to renewable power for all our operations very soon. Our commitment
to environmental stewardship is deeply engrained in our values, and we remain dedicated to
supporting initiatives that promote a sustainable planet for generations to come.
Sowing the seeds for a strong export business in new regions:
We aspire to become a significant player in the exports markets and venture into new
countries to convert opportunities into real business. In the pipeline are exciting new
greenfield foundry projects in Qatar, Saudi Arabia, Uzbekistan, Turkey as well
opportunities to sell equipment to the US, Europe and Middle East, plus Africa, as a new
region of interest for the business.
DIL has been on a long and at times difficult journey over the last few years, which
include the pandemic years. Today, we have left the aftereffects of that challenging
period fully behind us and are looking at strong growth opportunities ahead. This, we owe
to all our dedicated and capable people, who have worked tirelessly to get us to this
point. The performance of DIL is their work and they can be very proud of it.
As always, DIL team would like to express thanks to all our valued clients, suppliers,
and other stakeholders for their unwavering support of our business.
We extend our sincere gratitude to the Norican Group management, who have been always
at DIL's side. Their guidance and encouragement has been invaluable.
We will continue to work harder, smarter and better to create value for our
shareholders.
Thank you once again for your support.
Sincerely,
| Lokesh Saxena |
Amar Nath Mohanty |
| Managing Director |
Chief Financial Officer |
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Disa India Ltd
Company History
Disa India Ltd.(formerly George Fisher Disa), part of Cophenhagen based Disa A/S Group, manufactures foundry machinery like moulding plants, sand plants and shot blasting machines. The Company is a leading equipment manufacturer with advanced foundry and surface preparation process technology. It supplies complete foundry systems with DISA range of moulding machines, sand mixers with combination of sand plant equipment, surface preparation machines and environmental control systems to customers in New Delhi, Pune, Kolkata and Bangalore with its two manufacturing plants located in Tumkur and Hosakote in Bangalore, Karnataka.
Promoted on May 25, 1984 as BMD Industries with technical and financial participation from BMD, Germany; Vulcan Laval, Germany and KSIIDC. Internationally Disa A/S has acquired the 50% stake of George Fisher in the former JV company George Fisher Disa thus making the Disa A/S the sole owner of George Fisher Disa in 2000, the Indian operations of the former JV has also became part of Disa A/S. And subsequent to this development the name of the company is changed to Disa India Ltd.
The Company commenced new line of activity for manufacture of control panels at Hoskote.
The New DISAFLEX80, which was commissioned during the year 2010, expanded the range in the Horizontal Flask Lines Category. The Company developed &. installed the Automatic Mould Handling (AMH) Systems in India, for the New range of Medium & Large DISAMATCH machines, which came from Denmark. It launched the First Made in India DISAMATIC Vertical Moulding Machine - DISA 030 - in the IFEX in Feb'2011 at Chandigarh and thereafter Match 2024 (Horizontal Matchplate Moulding Machine) was launched in Feb'2012. The first machine (HB-I) from the Wheelabrator range was localised for the Indian Non-Foundry markets. In Jan 2013, at IFEX Kolkata, the Company launched the New DISA 20FP Core Machine and also the Manipulator Type DS-1 Machine.
During the year 2016, the Company formed a Wholly Owned Subsidiary (WOS) in the name of Bhadra Castalloys Private Limited, which commenced operations from April 01, 2016. The subsidiary company through an Assets Purchase Agreement, acquired Sri Rajarajeswari Foundry, located in Bhadravathi, Karnataka, engaged in manufacturing of high alloy steel castings, at consideration of Rs 700 lakhs. It launched the new C3-150 DISAMATIC Machine with 150 moulds/hour speed foundry machine. It executed the prestigious Shot Blasting Project for JCB, Jaipur incorporating the latest technologies available globally with the distinct honor of being the largest Shot Blasting Solution.