Western Ministil Ltd. (WML) is a Public Limited Company having its Registered Office at Mittal Tower, “A” Wing, 16th Floor, Nariman Point, Mumbai 400 021. The company was incorporated on August 3, 1972 in the name of Western Ministil Private Limited. The name of the company was changed to its present name by a special resolution passed by the company at its General Meeting on January 17, 1973. The fresh certificate consequent to change in name was obtained on February 1, 1973. The Company was originally promoted by Western India Strip Mills (subsequently known as Western Rolling Mills Pvt. Ltd.), a unit company in K. Parikh Group of Industries having its Registered office at Mittal Tower, “A” Wing, 16th Floor, Nariman Point, Mumbai 400 021.
The company had its principal activities of making steel by Electric Arc Furnace Route at their factory situated at Mulund. As a result of the unprecedent recession in steel industry, more particularly in the secondary sector, the Company had suspended its production in February 1993, which eventually lead to the closure of the plant with effect from 01-12-95. The Company had since dismantled its plant and disposed off all the items of plant, machinery and equipment to meet the financial obligations towards repayment of loans to banks and financial institutions.