What we do Msafe Equipments Ltd manufactures and sells access and height-safety equipment like scaffoldings and ladders for safe working at heights in construction and maintenance sectors. |
Founded in 2,019 |
Market share - |
Problem solved Provides safe, stable access to elevated work areas, reducing workplace accident risks across various industries. |
Top clients or who we serve Construction, infrastructure development, maintenance companies; B2B clients mainly in industrial and commercial sectors. |
Key management Rushil Agarwal (Director), Ajay Kumar Kanoi (Director), Pradeep Aggarwal (Director) |
Our journey and innovations Incorporated in 2019; expanded manufacturing to include mild steel scaffoldings and fibre reinforced plastic ladders in 2023; preparing for initial public offering in 2025. |
Where we operate Primarily India; manufacturing units located in Delhi and Mumbai regions. |
Top products or what we offer Aluminium scaffoldings, mild steel scaffoldings, aluminium and FRP ladders, aerial work platform scissor lifts. |
Top brands - |
Raw materials needed Aluminium, mild steel, fibre reinforced plastics, and other metals for scaffolding and ladders. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly from manufacturing sales and equipment rental; cyclicality tied to construction industry cycles. |
Our industry position - |
Financial highlights FY 2023 revenue Rs 71.34 crore; net profit Rs 13.01 crore showing strong profitability growth. |
Geographical revenue split - |
Order book - |
Whats driving growth Growing construction sector demand, safety regulations, and expanded product manufacturing capacity. |
Our future plans Initial public offering planned for 2025; expanding manufacturing capabilities and product portfolio. |
Our green promise - |
Our people and values Committed management team; focuses on safety compliance and operational excellence. |
Key challenges ahead Market competition, raw material price volatility, and scaling manufacturing efficiently. |
Interesting facts - |
Risks and strategy Risk mitigation through quality products, compliance, and diversification of product range. |
