What we do Maiden Forgings Ltd manufactures bright steel bars and wires including carbon steel, stainless steel and alloy steel, serving automotive, engineering, hardware sectors, and defense. |
Founded in 2,005 |
Market share Industry leader in bright steel products with over 450 global clients and growing presence in B2G and export markets. |
Problem solved Provides high-quality, precision steel products with rapid delivery to reduce customer inventory and production downtime. |
Top clients or who we serve B2B clients across automotive Tier-1 suppliers, engineering firms, hardware, furniture sectors, and government defense agencies. |
Key management Mr. Nishant Garg (Managing Director, MBA) leads growth; Mrs. Nivedita Garg (Whole Time Director) heads planning and HR functions. |
Our journey and innovations Started in 2005, expanded to 3 plants by 2018; added pneumatic nail manufacturing in 2022; diversified into specialized steel grades in 2024. |
Where we operate Manufacturing in Ghaziabad with export markets including the US and Europe; expanding into government sectors in India. |
Top products or what we offer Bright steel bars and wires in various sizes, plastic coil pneumatic nails, wire welded coil nails, specialty stainless steel grades. |
Top brands - |
Raw materials needed Wire rods, rolled rounds, rolled hex, rolled squares as inputs for steel products. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue largely recurring from manufacturing contracts with steady client base and growing new product segments. |
Our industry position Recognized as 'Most Versatile Company for Steel Bright Bars' and fastest growing in category; strong foothold in niche bright steel market. |
Financial highlights FY25 revenue ₹213.57 crore; EBITDA ₹19.91 crore; PAT ₹6.05 crore; exports ₹5.3 crore; steady profitability with growth investments. |
Geographical revenue split Domestic focus with 6-8% production exported to US, Europe; expanding international warehousing planned. |
Order book - |
Whats driving growth Product diversification, forward integration, entry into B2G defense segment, operational efficiencies, and strong client relationships drive growth. |
Our future plans Consolidate plants on new land, install solar power, expand specialty steel and high-margin products, strengthen digital sales platforms. |
Our green promise Plans for solar plant installation to reduce energy costs and enhance sustainability efforts at manufacturing facilities. |
Our people and values Experienced management team with strong governance; values customer satisfaction, quality, and ethical business practices. |
Key challenges ahead Manage raw material costs, scale production efficiently, compete in evolving steel markets while integrating new product lines. |
Interesting facts Registered vendor with Ordnance Factory Board; won first HAL government contract in 2024; fastest delivery in industry within 48 hours. |
Risks and strategy Raw material price volatility mitigated by operational efficiencies; strategic focus on specialty products and market diversification. |
