What we do Shree Steel Wire Ropes Ltd manufactures steel wire ropes and allied products, serving major sectors like Railways, Oil & Gas, Defence, and Construction. |
Founded in 1,972 |
Market share Leader in steel wire ropes with significant presence supplying major Indian public sector units and Railways. |
Problem solved Provides durable, specialized steel ropes and equipment crucial for infrastructure, mining, and energy sectors demanding high safety and reliability. |
Top clients or who we serve Indian Railways, Port Trusts, ONGC, Oil India, Defence, Steel Plants, and other industrial sectors; primarily B2B. |
Key management - |
Our journey and innovations Established in 1972, the company evolved with modern machinery upgrades and introduced diverse products including Railway OHE items for electrification projects. |
Where we operate Primarily India, serving major government and industrial clients nationwide. |
Top products or what we offer Steel Wire Ropes, Strands, Slings, Regulating Equipment, Railway OHE products, Stainless Steel Wire Ropes, and allied wire rope products. |
Top brands - |
Raw materials needed Steel wires and related raw materials for rope manufacturing. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue primarily cyclical, linked to industrial and infrastructure project cycles. |
Our industry position Major supplier in Indian steel wire rope industry with strategic contracts in public sector and railways. |
Financial highlights FY 2023-24 revenue Rs. 11.32 Cr; net loss Rs. 0.25 Cr; decline from previous year's profit owing to market conditions. |
Geographical revenue split 100% revenue generated within India. |
Order book - |
Whats driving growth Infrastructure expansion, railway electrification, and industrial demand for steel wire ropes. |
Our future plans Capacity enhancement through new machinery and product diversification to meet future demand efficiently. |
Our green promise - |
Our people and values Committed workforce with focus on safety, quality, and ethical governance practices. |
Key challenges ahead Market fluctuations, input cost volatility, and need for technological upgrades remain challenges. |
Interesting facts One of the few Indian companies supplying special wire ropes for critical applications like deep-sea exploration and railway electrification. |
Risks and strategy Mitigates risks via modernization, diversification, and maintaining strong client relationships. |
