What we do Rathi Steel & Power Ltd manufactures stainless steel rebars, wire rods, and billets, serving mainly infrastructure, construction, and engineering sectors across North India. |
Founded in 1,971 |
Market share Well-recognized North Indian brand with growing presence in stainless steel rebars market. |
Problem solved Offers quality steel products with energy-efficient, low-cost production to meet rising infrastructure demand sustainably. |
Top clients or who we serve B2B & B2C clients in construction, infrastructure, railways, metro, and industrial segments; serves large real estate developers in NCR. |
Key management Mr. Mahesh Pareek (Managing Director); Mr. Abhishek Verma (Whole Time Director); Mr. Rajesh Khurana (Executive Director). |
Our journey and innovations Founded 1971; pioneered direct billet charging for stainless steel; expanded capacity; resumed TMT bar production; secured BIS certifications. |
Where we operate Operates primarily in North India, manufacturing in Ghaziabad, Uttar Pradesh. |
Top products or what we offer Stainless steel rebars, wire rods, billets; Fe 500, Fe 550, and Fe 550 D grade TMT bars under Rathi brand. |
Top brands Rathi Stainless Steel Rebars (#1 in NCR stainless steel segment), Thermex TMT Bars, Stainless Steel Wire Rods. |
Raw materials needed Iron ore, scrap metal, ferro alloys, and energy resources. |
Raw materials supplier Local and national steel raw material suppliers; no specific names disclosed. |
Recurring vs cyclical contribution Revenue is primarily cyclical but supported by recurring demand in infrastructure and construction. |
Our industry position Among growth-focused medium-sized Indian steel producers with unique technology advantages. |
Financial highlights FY25 revenue ₹505.43 Cr, EBITDA ₹24.31 Cr, PAT ₹13.95 Cr; zero debt achieved in 2024. |
Geographical revenue split Majority revenue from North India region; presence across 7 states. |
Order book Stable order flow driven by government infrastructure and private real estate projects. |
Whats driving growth Strong infrastructure demand, government schemes, technology-led cost efficiency, and green steel initiatives. |
Our future plans Increase capacity utilization, expand steel melting shop, scale stainless rebar portfolio, invest in renewable power and automation. |
Our green promise Increased green power usage (>10%), carbon footprint reduction via direct billet charging, and planned rooftop solar installations. |
Our people and values Around 300 employees focusing on safety, quality, sustainability, and inclusive workplace policies. |
Key challenges ahead Raw material price volatility, competition, steel sector cyclicality, and regulatory uncertainties. |
Interesting facts India's only stainless steel wire rod maker using direct billet charging technology; first to get BIS approval for stainless steel Fe 550 grade rebars. |
Risks and strategy Mitigates raw material volatility via efficient sourcing and technology; strategy focuses on modernization, cost leadership, and expanding stainless steel offerings. |
