MIPL is a publicly listed industrial group founded in 1997. The company is built across three generations of the Lunagaria family.
THREE GENERATIONS OF TRUST · INTEGRATED FROM SOURCE TO SOLUTION
We follow fiscal integrity, quarterly disclosures, and independent audit compliance across all divisions.
Three generations of the Lunagaria family provide long-term leadership. Our model combines family legacy with professional governance and transparency.
From raw material to finished product, key manufacturing steps are owned and operated within the group across India and Vietnam.
Three generations of leadership guiding MIPL from founding through public listing and global expansion.
Founder Patriarch & Mentor
Guided the founding team in 1997 with financial foresight and strategic mentorship. His multi-generational wisdom forms the foundation of MIPL's governance and family legacy.
Chairman & Managing Director
Founded the first manufacturing unit in 1997 and scaled MIPL from a regional fabricator into a publicly listed industrial group. He has led manufacturing automation, the IPO listing, and quality standards over three decades.
Director (Exports & Imports)
Leads MIPL's global trade and international OEM relationships. Since joining the group in 2014, Nirbhay has expanded supply chain operations across India and Vietnam into North American and European markets.
CFO & Director (Domestic Market)
Leads domestic market expansion and corporate financial management as a publicly listed group. Nirmal joined the leadership in 2016, establishing corporate auditing practices and scaling domestic distribution.
From founding in 1997 through public listing and vertical integration across India and Vietnam — key milestones that shaped MIPL.
Acquisition of VMR Recycling (Vietnam) and Arrowin MetalTech, completing full vertical integration across the group.
MIPL invests in vertical integration, export growth, and sustainable operations. Our model connects manufacturing in India with metallurgy and resource recovery in Vietnam.
Engineering the future Anchored in legacy