What we do Midwest Limited explores, mines, processes, and exports natural stones like Black Galaxy and Absolute Black Granite. It also manufactures diamond wire and is expanding into quartz and rare earth minerals. |
Founded in 1,981 |
Market share India's largest producer of Black Galaxy and Absolute Black Granite with exclusive mining rights and a strong export market. |
Problem solved Provides premium granite and quartz products for real estate, construction, and industrial use, addressing demand for durable natural stone and specialized minerals. |
Top clients or who we serve Serves B2B customers in real estate, construction, engineered stone, solar glass, and industrial sectors across India and global markets. |
Key management Exceptional leadership including CEO Kollareddy Ramachandra (mining expert), and Mrs. Uma Priyadarshini Kollareddy (Columbia MBA), supported by an experienced board. |
Our journey and innovations Started in 1981, evolved from granite mining to quartz processing and rare earth exploration; introduced electric dressing and solar power for operational efficiency. |
Where we operate Operations across India in Telangana, Andhra Pradesh, Karnataka, Tamil Nadu; exports to 17 countries including China, Italy, and Thailand; expanding into Sri Lanka and Sierra Leone. |
Top products or what we offer Black Galaxy and Absolute Black Granite blocks and slabs, diamond wire tools, quartz processing products for solar and engineered stones, and rare earth minerals. |
Top brands Black Galaxy Granite (#1 Indian producer, premium export brand), Absolute Black Granite (large domestic and international market share), Quartz processed for solar glass and engineered stone. |
Raw materials needed Granite blocks, quartz ore, and raw minerals like heavy mineral sands and rare earth oxides for processing and finished goods. |
Raw materials supplier Company operates captive mines ensuring exclusive access to raw materials across multiple sites in India and exploration licenses overseas. |
Recurring vs cyclical contribution Revenue largely recurring due to mining leases and long-term contracts; some cyclical exposure from global construction and industrial demand. |
Our industry position Market leader in premium dimensional granite in India; growing presence in quartz processing and rare earth mineral extraction with strong export orientation. |
Financial highlights FY2025 revenue Rs. 626 Cr, PAT Rs. 122 Cr; EBITDA margin 27.4%; consistent growth with ~6% revenue CAGR and ~26% PAT CAGR over last three years. |
Geographical revenue split Exports comprise ~57% of revenue, primarily to China, Italy, Thailand; remaining revenue from Indian domestic operations. |
Order book - |
Whats driving growth Diversified resource base, exclusive mining rights, expansion into quartz and rare earth minerals, growing global demand for premium natural stones and industrial minerals. |
Our future plans Scaling quartz processing capacity, expanding rare earth and heavy mineral sand operations, establishing overseas subsidiaries and mining projects. |
Our green promise Investing in solar power for mines, electric equipment, reducing diesel and emissions, waste and water management initiatives for sustainability. |
Our people and values Experienced promoters and professionals with strong governance; emphasis on safety, innovation, and environmental responsibility. |
Key challenges ahead Regulatory approvals, execution of expansions, commodity price volatility, land acquisition delays, and maintaining operational efficiencies. |
Interesting facts Holds exclusive rights to unique Black Galaxy granite found only in Andhra Pradesh; recently received a 30-year quarry lease for colored quartzite extraction. |
Risks and strategy Mitigates risks through diversification, strong balance sheet, operational excellence, technology adoption, and compliance with regulatory frameworks. |
