About Us
Poised to capture growth in the TMT Bar market
We are engaged in manufacturing of Thermo Mechanically Treated Bars (“TMT Bars”) at our manufacturing facility situated at Bhayla Village, Ahmedabad, Gujarat, India. TMT Bars are high-strength reinforcement steel used widely in construction industry due to their exceptional strength, ductility, and corrosion resistance. (Dun & Bradstreet Report) We conduct our business predominantly in the State of Gujarat from where we derived 97.49%, 98.75%, 97.42% and 96.67% of our revenues from operations in the nine months period ended December 31, 2024 and Fiscal 2024, Fiscal 2023 and Fiscal 2022 respectively.
Our revenue from operations from sale of TMT Bars in the nine months period ended December 31, 2024 and Fiscal 2024, Fiscal 2023 and Fiscal 2022 constituted approximately 90.95%, 94.06%, 96.85% and 95.86% of the total revenue from operations. In the nine months period ended December 31, 2024 and Fiscal 2024, retail sales constituted 77.48% and 80.24%, respectively and institutional sales constituted 22.52% and 19.76%, respectively of the total revenue from operations. Our revenue from operations also includes sale of scrap, binding wires and billets which constituted approximately 9.05%, 5.94%, 3.15%, 4.14% of the total revenue from operations in the nine months period ended December 31, 2024 and Fiscal 2024, Fiscal 2023 and Fiscal 2022 respectively. We have a diverse customer base of retail and institutional customers primarily based in the State of Gujarat (except Saurashtra and Kutch district of Gujarat). We have a retail licence agreement dated November 7, 2022, with Kamdhenu Limited which allows us to market our TMT Bars under the Kamdhenu Brand on mutually agreed terms within the State of Gujarat (except Saurashtra and Kutch district of Gujarat) on a non-exclusive basis. We sell our TMT Bars to customers through distribution network, on a non-exclusive basis, which comprise of 3 distributors and 227 dealers as of February 28, 2025.
According to Dun & Bradstreet Report, domestic demand for TMT Bars is anticipated to rise significantly, driven by the government’s focused efforts on enhancing the India’s infrastructure. The construction industry’s growth in India is on an upward trajectory, increasingly favouring TMT Bars due their superior qualities: exceptional strength, durability and ability to withstand seismic activities, making them indispensable in the modern construction. As the government continues to prioritize the development of quality and sustainable infrastructure, TMT Bars are set to play a crucial role.
Our Promoters
Our Company is led by our Promoters: Manoj Kumar Jain, Varun Jain, Sangeeta Manoj kumar Jain, and Rishabh Singhi. They have significant hands-on experience in the steel industry. They are backed by a skilled management team and a dedicated workforce.
Manojkumar Jain, aged sixty-three (63) years is the Promoter and Non-Executive Director of our Company. He has been associated with our Company since May 25, 2014. He has passed the examination of Bachelor of Commerce from Kanpur University and a qualified Chartered Accountant. He has twenty-two (22) years of experience in diverse sectors like ship breaking and recycling, TMT bar manufacturing, offshore activities, automobiles and finance. Presently, he is also a director in VMS Industries Limited, Luxierge Media Private Limited and VMS Autolink Private Limited. He is also a partner in Entrepot B Developers, Yohaan Enterprises and Eternal Automobiles.
Varun Manojkumar Jain, aged thirty-five (35) years is the Promoter, Chairman and Managing Director of our Company. He holds the directorship in our Company since April 1, 2022. He holds degree in Bachelor of Commerce from Gujarat University and has done Management Programme for family business from Indian School of Business (ISB), Hyderabad. He has also passed the Professional Competence Examination from ICAI. He has more than eight (8) years of experience in the steel sector. Presently, he is also a Director in Aditya Ultra Steel Limited, one of our Group Companies and is also a partner in Yohaan Enterprises and Entrepot B Developers.
Sangeeta Jain is a promoter of our Company. She has cleared the examination of master’s in arts from C.S.J.M. University, Kanpur. She has more than 30 (thirty) years of experience in administration. In the past she has held the position of Director of our Company and resigned on April 2, 2022. Presently, she is a director at VMS Industries Limited and VMS Autolink Private Limited. She is also a partner in Entrepot Developers Yohaan Enterprises, and Eternal Automobiles.
Rishabh Sunil Singhi, aged twenty-six (26) years is the Promoter and Whole-time Director of our Company. He has been associated with our Company since October 9, 2021. He holds a degree in Bachelor of Technology in Civil Engineering from Pandit Deendayal Energy University. He has more than three (3) years of experience in the steel sector.
Manojkumar Jain, aged sixty-three (63) years is the Promoter and Non-Executive Director of our Company. He has been associated with our Company since May 25, 2014. He has passed the examination of Bachelor of Commerce from Kanpur University and a qualified Chartered Accountant. He has twenty-two (22) years of experience in diverse sectors like ship breaking and recycling, TMT bar manufacturing, offshore activities, automobiles and finance. Presently, he is also a director in VMS Industries Limited, Luxierge Media Private Limited and VMS Autolink Private Limited. He is also a partner in Entrepot B Developers, Yohaan Enterprises and Eternal Automobiles.
Varun Manojkumar Jain, aged thirty-five (35) years is the Promoter, Chairman and Managing Director of our Company. He holds the directorship in our Company since April 1, 2022. He holds degree in Bachelor of Commerce from Gujarat University and has done Management Programme for family business from Indian School of Business (ISB), Hyderabad. He has also passed the Professional Competence Examination from ICAI. He has more than eight (8) years of experience in the steel sector. Presently, he is also a Director in Aditya Ultra Steel Limited, one of our Group Companies and is also a partner in Yohaan Enterprises and Entrepot B Developers.
Sangeeta Jain is a promoter of our Company. She has cleared the examination of master’s in arts from C.S.J.M. University, Kanpur. She has more than 30 (thirty) years of experience in administration. In the past she has held the position of Director of our Company and resigned on April 2, 2022. Presently, she is a director at VMS Industries Limited and VMS Autolink Private Limited. She is also a partner in Entrepot Developers Yohaan Enterprises, and Eternal Automobiles.
Rishabh Sunil Singhi, aged twenty-six (26) years is the Promoter and Whole-time Director of our Company. He has been associated with our Company since October 9, 2021. He holds a degree in Bachelor of Technology in Civil Engineering from Pandit Deendayal Energy University. He has more than three (3) years of experience in the steel sector.