Bansal Wire Industries

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• ​Bansal Wire Industries Limited (The Company), the flagship company of the Bansal group, was established in 1985 by Mr Arun Gupta; he also established the group's other three companies. The company manufactures stainless steel and mild steel wires.
  
• The promoter acquired M/s Garg Inox Ltd through the National Company Law Tribunal in March 2019 and subsequently renamed it BSPL. It produces Stainless Steel, High/Low Carbon, Galvanized, and cable armoring wires at its facility in Bahadurgarh, Haryana. 
  
• The production of high carbon wires at the Dadri plant will commence in Fiscal 2024, whereas the production of mild steel wire will commence from first half of Fiscal 2025, providing economies of scale to the company
  
• The company is the largest stainless steel wire manufacturing company and the second largest steel wire manufacturing company by volume in India with a production of 72,176 MTPA and 206,466 MTPA, respectively, in Fiscal 2023, representing 20% and approximately 4% of the market share respectively.
• The company manufactures over 3,000 stock-keeping units (“SKUs”), the highest amongst all steel wire manufacturers in India with sizes ranging from as thin as 0.04 mm to as thick as 15.65 mm, and operates on a “Cost Plus model”, with a clear focus to stay immune to commodity price fluctuations.
  
• The company currently operating from our four existing manufacturing facilities and will be setting up the largest single-location manufacturing facility of steel wire in Dadri, India, and will be amongst the largest capacities in Asia.​