About Allied Strips
Allied Strips is a company based in Delhi (India) founded in 1994 by Mohender Aggarwal was acquired by Jindalsteel in April 2025. Allied Strips has raised $15.2 million across 3 funding rounds from investors including Jindalsteel, Diksha Viniyog and Survicommotrade. The company has 10 employees as of April 01, 2024.
- Headquarter Delhi, India
- Employees 10 as on 01 Apr, 2024
- Founders Mohender Aggarwal
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Sectors
Industrial Goods & Manufacturing
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Allied Strips Limited
- Date of Incorporation 05 Aug, 1992
- Jurisdiction Delhi, India
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Annual Revenue
$116.96 K (USD)-99.51as on Mar 31, 2023
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Net Profit
$99.12 M (USD)581.89as on Mar 31, 2023
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EBITDA
-$8.1 M (USD)56.93as on Mar 31, 2023
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Total Equity Funding
$15.2 M (USD)
in 3 rounds
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Latest Funding Round
$7.15 M (USD), Unspecified
Sep 30, 2011
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Investors
Jindalsteel
& 6 more
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Employee Count
10
as on Apr 01, 2024
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Acquired by
Jindalsteel
(Apr 14, 2025)
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Funding Insights of Allied Strips
Allied Strips has successfully raised a total of $15.2M across 3 strategic funding rounds. The most recent funding activity was a Unspecified round of $7.15 million completed in September 2011. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Allied Strips
Allied Strips has secured backing from 7 investors, including institutional and angel investors. Prominent investors backing the company include Jindalsteel, Diksha Viniyog and Survicommotrade.
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Investor details for Allied Strips
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Investments & Acquisitions by Allied Strips
Investment portfolio details for Allied Strips
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Financial Statements - Allied Strips
Detailed financials for Allied Strips
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Allied Strips Comparisons
Peer comparison for Allied Strips
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Competitors of Allied Strips
Detailed competitors of Allied Strips
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Latest news on Allied Strips
Complete news archive for Allied Strips
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Frequently Asked Questions about Allied Strips
Allied Strips was founded in 1994 and raised its 1st funding round 15 years after it was founded.
Allied Strips is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Gaurav Aggarwal is the current CEO of Allied Strips.
Allied Strips is a funded company, having raised a total of $15.2M across 3 funding rounds to date.
As of Apr 01, 2024, the latest employee count at Allied Strips is 10.
Annual revenue of Allied Strips is $116.96K as on Mar 31, 2023.
ASL was established in 1994 in Delhi, India, within the steel manufacturing sector. Cold rolled steel products are produced by the company, focusing on industrial applications. Operations are centered in India, with leadership provided by Founder and Chairman Mohender Aggarwal, CEO Gaurav Aggarwal, and additional CEO Ashwani Kumar. The domain alliedstrips.com is utilized for online presence.
Allied Strips has 7 investors. Key investors include Jindalsteel, Diksha Viniyog, Survicommotrade, Mohender Aggarwal, and Swetaagrochem.