In order to move the registered office of its wholly owned subsidiary from New York to Texas for administrative and other commercial considerations, Pradeep Metals has formed subsidiary in the name and style of Pradeep Metals, Inc, with registered office in Texas, US, on March 9.
The existing wholly owned subsidiary Pradeep Metals, New York, was merged with the new company on March 9. There will be no impact on the present operations and financials of the wholly owned subsidiary in view of the merger.
Pradeep Metals is engaged in manufacturing of forgings for the defence, automobile, engineering and petrochemical industries, both for domestic and international markets.
