Krishca Strapping Solutions Ltd.
KRISHCA.NS
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- Krishca Strapping Solutions Ltd. manufactures and wholesales high tensile steel straps, strapping seals, and strapping tools for industrial packaging applications, primarily serving the steel industry. The company produces heat-treated steel straps in Prime, Super Prime, and Ultra Prime grades with finishes including blued tempered and waxed, painted and waxed, and zinc coated and waxed; strapping seals such as snap-on, thread-on, nestack, open-flange, open type, and push-type made from high-quality CRFH sheets; and a complete range of strapping tools encompassing combination tools, pneumatic combination tools, manual tensioners and sealers, and pneumatic tensioners and sealers, sourced through partnerships with leading global manufacturers. Founded in December 2017 and headquartered in Thiruvallur, Tamil Nadu, India, Krishca operates an integrated manufacturing facility in Chennai with a capacity of 18,000 MT of steel straps and 80 million strapping seals annually, emphasizing lead-free, eco-friendly production processes compliant with standards like IS 5872:1990, ASTM D-3953, and BS EN 13246:2001. The company serves over 100 customers domestically, with growing exports to the United Arab Emirates, Dubai, and Saudi Arabia, targeting steel producers, packaging contractors, and industrial users across India and select international markets. In recent developments, Krishca secured a Rs 65.75 crore contract in March 2025 from ESL Steel Limited (Vedanta Group) for strapping, wrapping, and compactor services, strengthening its long-standing partnership and position in industrial packaging. Earlier, in April 2024, it won a Rs 1.81 crore order from Shyam Metalics and Energy Limited for TMT strappings, extending through March 2025 with potential for expansion. The company listed on the NSE via an IPO in May 2023, raising Rs 17.92 crore, and established a subsidiary in Singapore in October 2023 to support international growth; it is expanding capacity with a new hardening and tempering line operational by early 2024, a Cold Rolling Mill complex set for installation in January 2026 to achieve raw material independence and add at least Rs 150 crore in FY27 revenue, and entering the welding consumables market via a new subsidiary and MIG welding plant in Chennai. These initiatives, alongside H1 FY26 results showing 45% year-on-year total income growth to Rs 92.77 crore, underscore Krishca's strategic shift toward comprehensive, technology-driven packaging solutions and 25%+ annual revenue growth guidance.