M & B Engineering Ltd

M&B Engineering Limited was originally incorporated as 'Manibhai and Brothers (Construction) Private Limited' a Private Limited Company, dated June 16, 1981, with RoC. Thereafter, the name of the Company was changed to 'M & B Engineering Private Limited' and a fresh Certificate of Incorporation dated November 22, 2006. The Company became a Public Company and the name of the Company was changed to 'M & B Engineering Limited' dated March 30, 2011. The business of the Company is structured into Phenix Division which provides comprehensive solutions for PEBs and complex structural steel components; and Proflex division which provides self supported steel roofing solutions. The Company provide comprehensive turnkey solutions which includes project design, engineering, manufacturing and erection across industrial and infrastructure segments.' The Company has two manufacturing facilities at Sanand, Gujarat and Cheyyar, Tamil Nadu for manufacturing of PEBs and complex structural steel components with a combined installed capacity of 103,800 MTPA for manufacturing PEBs. The Company incorporated Phenix Construction Technologies Inc., as a wholly owned subsidiary in USA in 2017; and later on has acquired Phenix Building Solutions Private Limited in 2024. While the Sanand facility started operations in 2008, Cheyyar Facility later became operational in 2024. The Company commissioned the first phase of the second Phenix PEB manufacturing unit near Chennai, having the installed capacity of 68,000 MTPA in 2025. The Company raised an aggregate of Rs 650 Crore by issuing 16,888,474 equity shares of face value of Rs 10 each through IPO, comprising a fresh issue of 7,148,215 equity shares aggregating to Rs 275 Crore and 9,740,259 equity shares aggregating to Rs 375 Crore through offer for sale in August 2025. In the Proflex division, the addition of two mobile manufacturing units has increased installed capacity to 21 lakh sq. metres per annum in 2026.