What we do Suraj Limited manufactures stainless steel seamless and welded pipes, tubes, flanges, and fittings with electro-polishing, mainly serving industrial markets. |
Founded in 1,994 |
Market share A leading player in India's stainless steel seamless pipe manufacturing industry with growing domestic and export presence. |
Problem solved Provides high-quality stainless steel piping solutions to meet infrastructure and industrial needs with durability and corrosion resistance. |
Top clients or who we serve Supplies primarily to industrial sectors including oil, gas, and manufacturing with both domestic and international customers (B2B). |
Key management Ashok Tarachand Shah (Chairman & CFO), Kunal Tarachand Shah (Managing Director), Gunvantkumar Tarachand Shah (Whole-time Director & Vice Chairman). |
Our journey and innovations Originally a finance company, pivoted to stainless steel manufacturing post-2009, launched electro-polishing in 2018, and expanded seamless pipe production since 2008. |
Where we operate Manufacturing plants in Gujarat, India; exports primarily to international markets. |
Top products or what we offer Stainless steel seamless pipes, welded tubes, 'U' tubes, flanges, fittings, and electro-polished stainless steel tubes. |
Top brands - |
Raw materials needed Stainless steel raw materials required for pipe and tube manufacturing. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue largely cyclical growing with industrial demand and exports. |
Our industry position Among top stainless steel seamless pipe makers in India, strong export revenue contribution approx. 63%. |
Financial highlights FY 2024-25 revenue Rs. 233.74 crores; profit after tax Rs. 13.3 crores; decline from previous year due to lower demand. |
Geographical revenue split Domestic contributes roughly 36% and exports cover 64% of total revenue. |
Order book - |
Whats driving growth Growth driven by export markets and investment in electro-polishing technology enhancing product quality. |
Our future plans Focus on capacity expansion, innovation in manufacturing, and increasing global market share. |
Our green promise - |
Our people and values Commitment to quality, employee safety, and corporate governance with a skilled management team. |
Key challenges ahead Competition, foreign exchange risks, regulatory compliance, and maintaining talent pool. |
Interesting facts Started as a finance company, successfully transitioned to stainless steel manufacturing with multiple expansions and acquisitions. |
Risks and strategy Mitigates foreign exchange volatility by strong client relationships; continuously improves quality and operational efficiencies. |
