Government of India Unveils ₹5 Corporate Stamp Honoring Tejmal Ji Mangal’s 84-Year Business Legacy
Ahmedabad, June 1, 2026: In a significant recognition of a prominent Gujarat business legacy, the Government of India unveiled a ₹5 Corporate Stamp. This commemorative stamp honors Late Shri Tejmal Ji Mangal, whose entrepreneurial vision established the foundation of the Mangal Family business on June 1, 1942. The stamp serves as a tribute to a business journey that has evolved into a diverse industrial legacy spanning over 84 years.The unveiling took place at the headquarters of Mangalam Global Enterprise Limited (MGEL) in Ahmedabad. Attendees at the ceremony included Mr. Vipin Prakash Mangal, Chairman of MGEL, along with members of the fourth generation of the family business, Mr. Chanakya Prakash Mangal and Mr. Chandragupt Prakash Mangal. Distinguished guests from the Department of Posts present included Shri Ganesh V. Sawaleshwarkar, Chief Postmaster General, Gujarat Circle, and Shri Krishna Kumar Yadav, Postmaster General, Headquarters Region, Ahmedabad.
The event highlighted the deep roots and sustained growth of the Mangal family enterprise. Mr. Vipin Prakash Mangal stated that the journey began with unwavering values of integrity and perseverance in 1942. He remarked that the Government of India's recognition is "a recognition not just of an individual, but of a journey that has been nurtured across four generations."
The commemoration underscored the continuity of leadership and commitment, enabling the business group to transition and expand its footprint while remaining rooted in the principles set by its founder.
Mangalam Global Enterprise Limited Overview
Mangalam Global Enterprise Limited (MGEL), established in 2010, operates as the agricultural and healthcare vertical of the Mangalam Group, headquartered in Gujarat. The company is listed on the main board of the National Stock Exchange of India Limited and BSE Limited under the Capital Market Segment.MGEL specializes in the production of several key commodities and their derivatives.
| Category | Products/Focus |
|---|---|
| Core Specialization | Castor oil, mustard oil, soybean oil, and their derivatives. |
| Operations | Four manufacturing plants located in Kapadvanj, Jotana, and Bavla, Gujarat. |
The company has also strategically expanded its offerings with the launch of 'Neat Everyday.' This B2C beauty and wellness brand offers 100% vegetarian nutraceutical and personal care products. These natural, plant-based products, which include cold-pressed oils and vegan soft gel capsules, are grounded in Ayurvedic principles and are designed to meet the growing demand for sustainable wellness solutions.
MGEL Stock Price Movement
Today, Mangalam Global Enterprise Limited (MGEL) shares rallied, closing at ₹15.38 after gaining 3.33% on the day. The equity traded on a volume of 512,133 shares, signaling solid post-market investor interest.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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