Hindustan Composites Ltd. engages in the development, manufacture, and marketing of asbestos industrial products and friction materials, consisting of brake liners, roll linings, clutch facings, disc brake pads used in heavy and light trucks, passenger cars, 2/3 wheelers, off-road-vehicles, and construction and mining equipment. The company is headquartered in Mumbai, Maharashtra and currently employs 586 full-time employees.  The firm operates through two segments: Composite Products and Investment. Its friction materials include brake linings, clutch facings, ceramic buttons, disk brake pads, roll linings, brake blocks, friction sheets and industrial roll linings. Its industrial thrust bearing and insulation products include millboard sheets, millboard disks and compestos. The firm's range of products are suitable for several general and specialized applications. The company caters to the diversified needs of core sector industries, such as automotive, railways, engineering, mining, aerospace, steel, chemical, oil exploration and others. The firm also, through its investment activities invests in various equity instruments, Government Securities and debentures and bonds.

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