What we do Steel Strips Wheels Ltd is a leading manufacturer of automotive wheel rims and auto components, serving major vehicle manufacturers in India and exports globally. |
Founded in 1,985 |
Market share Strong presence in Indian automotive wheel market with significant exports; diversified product portfolio including steel, alloy wheels, and aluminum knuckles. |
Problem solved Provides durable, efficient wheel solutions improving vehicle safety and performance; adapts to diverse automotive requirements including passenger, commercial and off-road vehicles. |
Top clients or who we serve Major Indian OEMs like Maruti Suzuki, Mahindra, Tata Motors; serves automotive manufacturers in passenger, commercial, and two/three-wheeler segments; B2B focus. |
Key management - |
Our journey and innovations Since 1991, expanded capacity nationwide, introduced cathodic electro deposition, alloy wheels production, and aluminum knuckles; ongoing modernization and acquisitions enhancing capabilities. |
Where we operate Manufacturing in India (Punjab, Tamil Nadu, Gujarat, Jharkhand); exports to multiple countries in Europe, Americas, Asia, and Africa. |
Top products or what we offer Steel wheels, alloy wheels, aluminum steering knuckles for diverse vehicles including passenger cars, commercial vehicles, tractors, two/three-wheelers. |
Top brands - |
Raw materials needed Steel and aluminum as primary raw materials for manufacturing wheel rims and components. |
Raw materials supplier Strategic alliances with Tata Steel and Nippon Steel Corporation for steel supply and technical support. |
Recurring vs cyclical contribution Revenue is largely recurring through supply contracts, with some cyclical elements aligned to automotive industry demand cycles. |
Our industry position Among India's leading automotive wheel manufacturers, with a growing share in alloy wheels and export markets, supported by strong OEM relationships. |
Financial highlights FY 2024-25 Revenue Rs. 4,429 crore; Net Profit Rs. 195 crore; EBITDA margin around 11%, consistent growth in revenue and profitability over recent years. |
Geographical revenue split Approximately 88% revenue from within India and 12% from exports spanning US, EU, and other regions. |
Order book - |
Whats driving growth Product diversification into alloy wheels and aluminum knuckles, capacity expansion, superior manufacturing technology, and growing exports. |
Our future plans Capacity expansions for aluminum components, establishing wholly owned subsidiary in EU, continued modernization, and exploring new product lines. |
Our green promise Committed to environmental sustainability via solar/hybrid power projects, effluent treatment expansions, and green initiatives at manufacturing sites. |
Our people and values Over 7,500 employees; focus on health, safety, skill development, diversity, and fostering a performance-driven culture adhering to ethical standards. |
Key challenges ahead Global economic volatility affecting exports, raw material price fluctuations, intense automotive industry competition, and regulatory compliance. |
Interesting facts Pioneer in cathodic electro deposition in India; strategic alliances with Tata Steel and Nippon Steel Corporation; diversified into aluminum automotive components recently. |
Risks and strategy Mitigating risks via diversification, strengthening supply chain, technological upgrades, and expanding global footprint. |
