What we do Midwest Energy Ltd, originally Midwest Gold Ltd, engages in trading granite and marbles and diversified into gold mining and energy sectors. |
Founded in 1,990 |
Market share Operates primarily in India with a focus on trading and energy businesses; the market position is emerging with diversification into energy. |
Problem solved Provides raw materials like granite and marbles and explores gold mining to meet industrial demand and enhance resource availability. |
Top clients or who we serve Serves the construction and minerals trading sector, with clientele mainly in India; operates as B2B trading and energy services. |
Key management - |
Our journey and innovations Founded in 1990 as a granite trading firm, diversified to gold mining in 2010, and recently expanded into energy by acquiring Midwest Energy Pvt Ltd in 2025. |
Where we operate Mainly India with subsidiaries in Sri Lanka and the USA through Midwest Energy group. |
Top products or what we offer Trading of granite and marbles; gold mining; energy materials and technologies through subsidiaries. |
Top brands - |
Raw materials needed Granite blocks, minerals, gold ore, energy materials. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly from cyclical trading operations and investments in energy sector. |
Our industry position Niche and growing presence in minerals and energy sectors; expanding through acquisitions. |
Financial highlights FY 2025 standalone revenue of Rs. 1.82 crore with net loss of Rs. 3.94 crore; consolidated loss higher due to expansion. |
Geographical revenue split Revenue predominantly from India; expanding foreign subsidiaries. |
Order book - |
Whats driving growth Diversification into energy sector, acquisition of Midwest Energy Pvt Ltd, and preferential equity issues. |
Our future plans Complete acquisition of subsidiaries; invest in subsidiaries for growth; repay borrowings; expand working capital. |
Our green promise - |
Our people and values Small workforce focused on compliance and governance with strong board oversight. |
Key challenges ahead Turning losses to profits, managing expansion risks, integrating subsidiaries, and market volatility in commodities. |
Interesting facts Underwent share swap to acquire majority in Midwest Energy Pvt Ltd; recently expanded footprint internationally. |
Risks and strategy Mitigating financial risks through strong governance; focus on operational efficiency and targeted investments. |
