Rajratan Global Wire Limited
383.30
INR
-45.80
(-10.67%)
ISIN
INE451D01029
Return %
Stock
S&P 500
1Y
-7.35
14.20
3Y
-54.24
81.12
5Y
291.10
68.34
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Yashovardhan Chordia
- Full Time Employees
- 873
- Sector
- Producer manufacturing
- Industry
- Metal fabrication
- Address
- Rajratan House Indore MP India 452003
- IPO Date
- Jan 5, 1995
- Website
- rajratan.co.in
- Similar Companies
- Business
- Rajratan Global Wire Limited is an India-based company engaged in the manufacture and sale of tyre bead wires and high carbon steel wires, serving industries such as automobile, aircraft, construction, engineering, and earth-moving equipment. The company produces tyre bead wire products used in a variety of tires including automobile tires, two-wheeler tires, truck and bus tires, and aircraft tires. It also manufactures high carbon steel wires utilized in wire ropes, cables, high-performance springs, mechanical springs, automotive cables, cut wire shot for blasting, steel fibers, and aluminum-clad steel. Rajratan operates manufacturing facilities in India, including a significant greenfield plant in Chennai commissioned in August 2024 with a scalable capacity up to 60,000 TPA, and in Thailand, with a consolidated capacity of approximately 192,000 TPA. The company targets global markets and exports products to countries in Southeast Asia, the United States, and Europe. Recent major developments include the launch of a new wire rope product line at its Pithampur plant with a 10,000 TPA capacity, representing forward integration from high carbon steel wire production, aimed to capture demand in construction, mining, and transport sectors. The Chennai facility expansion and enhanced capacity at the Thailand plant support Rajratan's strategic growth plan to triple exports by fiscal year 2026 focused on tyre bead wire and high carbon steel wire segments. Additionally, Rajratan has formed an industry-academia collaboration with IIT Indore to establish the Rajratan Centre of Excellence for advanced research and testing, funded with Rs. 2 crore over three years, reinforcing its commitment to innovation and quality. The company also pursues initiatives in sustainability including the development of environmentally friendly bead wires using recycled materials and application development for electric vehicle tyres. Founded in 1988 and headquartered in Indore, India, Rajratan Global Wire Limited maintains a subsidiary, Rajratan Thai Wire Company Limited, operating in Thailand. The company continues to invest in expanding manufacturing capabilities and digitalization to enhance operational efficiency and global competitiveness. Its strategic focus on product diversification, sustainability, and increased international presence underpin its recent capacity expansions and operational advancements in the steel wire industry.