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Profile

Usha Martin Limited was founded in the year 1960 and is headquartered in Kolkata, India. The company is involved in manufacturing and supply of wire ropes, steel wire, and specialty steel products. Over the years, the company has diversified into other businesses like power transmission and telecom cables, engineering, and construction.

The company has faced financial challenges in recent years and has been undergoing debt restructuring since 2018. The latest financial results show a revenue of INR 7,831 crore in FY20 and a net loss of INR 1,065 crore.

The major products offered by Usha Martin include wire ropes, steel wire, speciality steel products, and engineering and construction services. The revenue and profit mix for these products is not publicly available.

The growth drivers for the company in the future could be investment in technology, expansion of its product portfolio, and focusing on its core business of wire ropes and specialty steel products.

The industry Usha Martin operates in is highly competitive and the company faces competition from players like Tata Steel, JSW Steel, and Bhushan Steel among others.

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