About Allied Strips
Allied Strips is an Industrial Goods & Manufacturing company based in Delhi (India) founded in 1994 by Mohender Aggarwal, and was acquired by Jindalsteel in April 2025. Cold rolled steel products are manufactured in Delhi, India. The company has 10 employees. Its chief executive, as recorded, is Gaurav Aggarwal. Its Indian entity Allied Strips Limited reported revenue of ₹5.20 Cr. Its focus areas include Industrial Goods and Manufacturing and Manufacturing Services.
Company details
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.
- Headquarters Delhi, India
- Employees 10
- Founders Mohender Aggarwal
- Stage Acquired
- SectorsIndustrial Goods & Manufacturing
- Phone•••• ••••
- Website alliedstrips.com
- Social LinkedIn
- Acquired by Jindalsteel (Apr 2025)
- Legal Name Allied Strips Limited
- Date of Incorporation 05 Aug, 1992
- Jurisdiction Delhi, India
- Annual Revenue₹5.20 Cr
FY 2024 · +436% YoY
- Net Loss-₹167 Cr
FY 2024 · -3210% margin
- EBITDA-₹6.97 Cr
FY 2024 · -134% margin
- Latest Funding Round$7.15M (USD), Unspecified
Sep 2011
- InvestorsJindalsteel
& 6 more
- Employee Count10
- Acquired byJindalsteel
(Apr 2025)
Associated legal entities of Allied Strips
Allied Strips operates through Allied Strips Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Allied Strips Limited CIN U43299DL1992PLC049849 | Active | 05 Aug 1992 | New Delhi, Delhi | ₹5.2 Cr | 10 | 3 | View details |
Funding Insights of Allied Strips
- Total Rounds 3
- Last Round Unspecified — $7.15M
- First Round $5.9M
(Nov 2009)
- Investors Count 6
All 3 funding rounds of Allied Strips with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2011 | $7.15M | Unspecified | – | Diksha Viniyog | |
| Jan 2010 | $2.15M | Unspecified | – | Smart Management Solution | |
| Nov 2009 | $5.9M | Unspecified | – | Swetaagrochem |
7 investors in total: 6 institutional and 1 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| dikshaviniyog.tcc.mode | ||||
| survicommotrade.tcc.mode | ||||
| swetaagrochem.tcc.mode | ||||
| smartmanagementsolution.tcc.mode | ||||
| aisabristeelworks.tcc.mode | ||||
MA Mohender Aggarwal | unknown_1f2d24364fab4488a | |||
Steel products are manufactured for diverse industrial applications. | 1952 | jindalsteel.com | India |
Investor details for Allied Strips
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Allied Strips Limited (Allied Strips)
Allied Strips Limited is the primary company behind Allied Strips. The board of Allied Strips Limited currently have 3 directors; the longest-serving is Ashish Pandey, appointed in 2025. 28 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ashish Pandey DIN 09138311 | Additional Director | 02 Apr 2025 | 1 yr 6 mo | Allied Strips Limited |
| Hanuman Kumar Sharma DIN 07012725 | Additional Director | 02 Apr 2025 | 1 yr 6 mo | Allied Strips Limited |
| Madan Murari Jha DIN 08005017 | Additional Director | 13 May 2025 | 1 yr 5 mo | Allied Strips Limited |
People of Allied Strips
3 people are tracked at Allied Strips (3 in leadership); the tracked headcount is 10.
| Name | Role | Group |
|---|---|---|
| Founder & Chairman | Leadership | |
| CEO | Leadership | |
Ashwani Kumar | CEO | Leadership |
Complete people profiles for Allied Strips
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Allied Strips
Figures of Allied Strips Limited, the primary company behind Allied Strips, for FY 2024. Revenue was ₹5.20 Cr (+436% year on year). Net loss was -₹167 Cr (-3210% margin). EBITDA was -₹6.97 Cr (-134% margin).
- ₹5.20 CrRevenue · FY 2024 · +436% YoY
- -₹167 CrNet loss · -3210% margin
- -₹6.97 CrEBITDA · -134% margin
- ₹100 CrPaid-up capital
- 10Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Allied Strips Limited are on its company page.
Detailed financial statements for Allied Strips
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Allied Strips
4 dated milestones of Allied Strips across 31 years, from founding to its latest funding, stage changes and deals.
- Founded Allied Strips is founded.
- Funding First funding round of $5.9M.
- Funding Latest funding round, Unspecified, of $7.1M.
- Exit Acquired by Jindalsteel.
Top companies in Contract & Outsourced Manufacturing
3 companies that operate in the same segment as Allied Strips (Contract & Outsourced Manufacturing) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Industrial components, mould bases, and storage solutions are manufactured globally. | 1986 | Coimbatore, Tamil Nadu, India | USD 28 M | USD 853.09 M | 3,060 | |
Single- and three-phase transformers are manufactured in Mumbai. | 1993 | Mumbai, Maharashtra, India | USD 114.37 M | 618 | ||
Apparel and clothing are manufactured and exported on contract. | 1979 | Bengaluru, Karnataka, India | USD 400 M | 40,280 |
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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 CEO of Allied Strips, as recorded in our data.
Allied Strips has 10 employees.
The primary company behind Allied Strips, Allied Strips Limited, reported revenue of ₹5.20 Cr for FY 2024, up 436% year on year.
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.
Allied Strips operates through Allied Strips Limited.
Yes. Allied Strips was acquired by Jindalsteel in April 2025.
The legal entities of Allied Strips currently have 3 directors, including Ashish Pandey, Hanuman Kumar Sharma, Madan Murari Jha.