What we do Viksit Engineering Ltd is engaged in wholesale trading of hot rolled steel products including plates, coils, and sheets, serving industrial buyers in the steel sector. |
Founded in 1,983 |
Market share A niche player in wholesale hot rolled steel trading with limited current scale due to operational challenges and insolvency proceedings. |
Problem solved Provides access to essential raw steel materials for manufacturing and construction industries, facilitating supply chain needs in flat steel products. |
Top clients or who we serve Primarily B2B, serving steel manufacturers, fabricators, and industrial users requiring hot rolled steel products. |
Key management - |
Our journey and innovations Incorporated in 1983, the company recently underwent corporate insolvency resolution, with new management appointed in 2025 to revive operations. |
Where we operate India-focused operations with a primary market in Mumbai and surrounding industrial regions. |
Top products or what we offer Wholesale trading of hot roll plates, hot roll steel coils, and hot roll sheets constitutes the core product offering. |
Top brands - |
Raw materials needed Steel raw materials including iron ore derivatives and processed steel coils and sheets supplied by steel mills. |
Raw materials supplier - |
Recurring vs cyclical contribution Business is cyclical, highly dependent on steel industry demand and macroeconomic industrial cycles. |
Our industry position Small scale in steel wholesale segment currently undergoing restructuring, aiming to regain stable market position. |
Financial highlights Reported revenue dropped to Rs.1.01 lakh in FY25 with net loss of Rs.184.51 lakh amid insolvency resolution. |
Geographical revenue split - |
Order book - |
Whats driving growth Post-insolvency management changes and approved resolution plan driving intentions to revive and grow operations. |
Our future plans Implementing resolution plan with new management focus on resuming business and improving financial health. |
Our green promise - |
Our people and values New leadership emphasizing governance and operational turnaround, culture rebuilding underway. |
Key challenges ahead Overcoming financial distress, restoring operational capability, and reclaiming market share in competitive steel trade. |
Interesting facts Underwent successful insolvency resolution process with new shareholders appointed in 2025. |
Risks and strategy Risk from market volatility and restructuring; strategy based on operational restart under approved resolution plan. |
