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Skyline Millars Ltd. (India)

Main Activities: Construction Machinery Manufacturing
Secondary Activities: Real Estate
Full name: Skyline Millars Ltd. Profile Updated: October 22, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2024 Available in: English Download a sample report

Skyline Millars Ltd., located in Mumbai, was incorporated as The ACME Manufacturing Company Limited on November 28, 1919, under the Indian Companies Act, 1913. It was later renamed Millars India Limited on January 4, 2002, and then changed to Skyline Millars Limited on October 23, 2007. The company was initially promoted by the Walchand Group, but in 1972, Mr. Ashok Patel, son of Mr. J.V. Patel, acquired the shares and took over the management. In 1969 and 1970, Mr. J.V. Patel acquired Khandelwal Udyog Limited, a manufacturer of EOT Cranes, and Millars Timber and Trading Company, respectively. Khandelwal Udyog Limited was merged with The ACME Manufacturing Company Limited in 1974. In 1984, the company took over the running business of construction machinery from M/s Millars Machinery Company Private Limited. Mr. Ashok J. Patel served as the Managing Director of the company from 1974 to 1984 and later became the Chairman until 2009. The main activities of Skyline Millars Ltd. include manufacturing construction equipment, EOT cranes, and property development. The company's manufacturing operations were fully shifted from Ghatkopar, Mumbai to Karamsad, Gujarat in October 2003. In addition to its core manufacturing activities, the company has also diversified into manufacturing RCC Pipes, Manhole Systems, Precast Products, and real estate development with equal success. With over 100 years in business, Skyline Millars Ltd. has established a reputation for quality and trust.

Legal Address
Churchgate House,, 4th Floor, 32-34, Veer Nariman Road
Mumbai; Maharashtra; Postal Code: 400001

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Website: http://www.skylinemillarsltd.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1919
Key Executives
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Chief Financial Officer
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Non Executive Director
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Independent Director
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Non Executive Director
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Whole Time Director
Ownership Details
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71.44%
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21.73%
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6.83%
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Subsidiaries
Acme Securities & Finance Pvt. Ltd.
Ready Mix Concrete Ltd.
Company Performance
Financial values in the chart are available after Skyline Millars Ltd. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency INR. Absolute financial data is included in the purchased report.
Operating profit (EBIT)
42%
Net Profit (Loss) for the Period
55%
Total equity
0%
Return on Equity (ROE)
5.47%

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