₹9,053 crore of revenue reported in the latest year (mostly FY25) by the 34 of Gujarat's 564 steel plants with accounts on file. The ten largest produce 80% of it; the typical filer earns ₹106 crore.
Active companies
564
steel plants on the register
Reported revenue
₹9,053 crore
34 companies with accounts
Profitable
82%
of filers · India 86%
Secured loans
45.6%
of companies have one on record
What stands out about Gujarat's steel plants
01
Revenue
₹9,053 crore
of revenue reported in the latest year (mostly FY25) by the 34 of Gujarat's 564 steel plants with accounts on file. The ten largest produce 80% of it; the typical filer earns ₹106 crore.
02
Profitability
82%
of filers reported a profit (India, same segment: 86%); the median net margin is 0.9% against 1.1% nationally.
03
Growth
+2%
median revenue growth across 34 companies with two consecutive years on file (India: +2%); 1 grew by more than half and 17 shrank. Only companies still filing are counted.
04
Labour cost
2%
of revenue goes on employee cost for the median filer (2% nationally), so this segment is less labour-intensive in Gujarat than across India.
05
Funding
8
steel plants in Gujarat have outside funding on record at Fliar Radar (investment, incubator or grant support). Most frequent backers: Nrups Consultants (1), Life Insurance Corporation of India (1).
06
Lending
45.6%
of Gujarat steel plants have a secured loan on record (India: 44.3%). Most frequent lenders: State Bank Of India (57), HDFC Bank (56), Bank Of Baroda (49). Open borrowings against company assets total ₹80,866 crore.
07
Where the money is
33%
of reported revenue comes from Ahmedabad, which holds 38% of Gujarat's steel plants.
Where Gujarat's steel plants are
Companies by the city or district of their registered address.
City
Companies
Share
Reported revenue
Share of revenue
Ahmedabad
212
37.6%
₹2,994 crore
33%
Bhavnagar
77
13.7%
₹938 crore
10%
Rajkot
47
8.3%
₹469 crore
5%
Vadodara
40
7.1%
₹1,219 crore
13%
Surat
36
6.4%
₹114 crore
1%
Mahesana
21
3.7%
₹211 crore
2%
Panch Mahals
19
3.4%
–
–
Anand
18
3.2%
₹1,911 crore
21%
Gandhi Nagar
16
2.8%
₹835 crore
9%
Sabarkantha
12
2.1%
–
–
Steel Plants in Gujarat by size
From the latest accounts each company has filed, split by annual revenue. Growth compares with the year before; net margin is profit after tax over revenue.
Bigger companies
₹100 crore+ revenue · 17 steel plants
01 · FY25 accounts · Anand
L
Laxcon Steels Limited
Ever since its foray into the steel trade in 1978, Gopal Group has established itself as name to reckon with, in the steel industry. Over the years, through meticulous quality control and outstanding customer care, it has built a reputation for quality, reliability and integrity.
Laxcon Steels Limited is a public company incorporated in 1999, with its registered office in Anand, Gujarat, classified under basic metals (iron, steel). In FY25 it reported revenue of ₹1,911 crore, up 7% on the year before, with a net margin of 2.9%.
Csci Steel Corporation India Private Limited is a leading based in Bharuch.we are committed to delivering quality products and services.
China Steel Corporation India Private Limited is a private company incorporated in 2011, with its registered office in Vadodara, Gujarat, classified under basic metals (iron, steel). In FY25 it reported revenue of ₹1,115 crore, up 5% on the year before, with a net margin of −11.2%.
Revenue (FY25)₹1,115 crore
Growth vs prior year+5%
Net margin−11.2%
Net worth₹192 crore
Paid-up capital₹729 crore
AreaVadodara
Incorporated2011 · Private company
Secured loans2 open
OffersGlobal Oracle Practice, SAP Consulting Services, Application Modernization, Oracle Solutions
Directors on recordKuei Sung Tseng, Ming Yuan Chen, Hung Tai Chou4 directors
Kuei Sung TsengDirector · since 2016
Ming Yuan ChenDirector · since 2018
Hung Tai ChouDirector · since 2018
Han Chuan LaiManaging Director · since 2019
ProductsGlobal Oracle Practice, SAP Consulting Services +46 products
Product 01 / 06
Global Oracle Practice
CategoryApplication Development Service
PriceOn request
Range10 products listed by China Steel Corporation India
Product 02 / 06
SAP Consulting Services
CategoryApplication Development Service
PriceOn request
Range10 products listed by China Steel Corporation India
Product 03 / 06
Application Modernization
CategoryApplication Development Service
PriceOn request
Range10 products listed by China Steel Corporation India
Product 04 / 06
Oracle Solutions
CategoryApplication Development Service
PriceOn request
Range10 products listed by China Steel Corporation India
Product 05 / 06
Microsoft Software
CategoryApplication Development Service
PriceOn request
Range10 products listed by China Steel Corporation India
Product 06 / 06
Transformer
PriceOn request
Range10 products listed by China Steel Corporation India
Manufacturer of thermo-mechanically treated steel bars for reinforced concrete construction. The company focuses on providing durable building materials through quality assurance. It is part of a larger group with interests in pharmaceuticals and steel pipes. The company seeks distributors to broaden its market presence.
Vinayak Tmt Bars Private Limited is a private company incorporated in 2008, with its registered office in Gandhi Nagar, Gujarat, classified under basic metals (iron, steel). In FY25 it reported revenue of ₹835 crore, down 14% on the year before, with a net margin of 0.3%.
Manufacturer of thermo-mechanically treated steel bars for the construction industry. The company produces high-quality steel bars using advanced technology and premium raw materials. A focus on quality control ensures consistent performance and reliability. The manufacturing process incorporates stringent quality checks throughout, from raw material selection to final product delivery. The company provides end-to-end handling services, encompassing production, quality control, and distribution. This ensures seamless delivery of products to meet diverse construction needs.
Agarwal Tmt Industries Private Limited is a private company incorporated in 2012, with its registered office in Ahmedabad, Gujarat, classified under basic metals (iron, steel). Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
KB TMT is a company that was established three decades ago in the field of steel billet manufacturing with a vision to revolutionize industrial productions. They focus on producing FE 500D TMT bars made from 100% billets using advanced cooling technology for consistent quality.
Kb Ispat Private Limited is a private company incorporated in 2010, with its registered office in Bhavnagar, Gujarat, classified under basic metals (iron, steel). Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Revenue (FY25)XXXX
Growth vs prior yearXXXX
Net marginXXXX
Net worthXXXX
Paid-up capitalXXXX
AreaBhavnagar
Incorporated2010 · Private company
Secured loans3 open
Key peopleKumar Vora (CEO)
Founders & leadershipKKumar Vora1 person
KV
Kumar Vora
CEO
ProfilePriti Steel And Pipes.
ProductsMild Steel Angle, M.S. Flat Bars +35 products
Manufacturer of steel, steel products, and ferro alloys
S A L Steel Limited is a public company incorporated in 2003, with its registered office in Ahmedabad, Gujarat, classified under machinery & equipment. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Steelstrong Valves is a company that specializes in manufacturing and supplying industrial valves in India such as Gate Valve, Globe Valve, Swing Check Valve, and Forged Gate Globe Check Valve. They offer excellence in industrial flow solutions and provide a variety of valve options.
Steel Strong Valves (india) Private Limited is a private company incorporated in 1993, with its registered office in Ahmedabad, Gujarat, classified under fabricated metal products. In FY25 it reported revenue of ₹98.4 crore, down 26% on the year before, with a net margin of 1.8%.
Revenue (FY25)₹98.4 crore
Growth vs prior year−26%
Net margin1.8%
Net worth₹28.2 crore
Paid-up capital₹99.7 lakh
AreaAhmedabad
Incorporated1993 · Private company
Brand founded1982
Secured loans2 open
OffersIndustrial Valves, Ball Valves, Soft Valves, Metal Seated Valves
Directors on recordSmita Ramesh Shetty, Ramesh Subaiya Shetty, Thomas George5 directors
Smita Ramesh ShettyDirector · since 1993
Ramesh Subaiya ShettyManaging Director · since 1993
Aakaf Steel is a leading trader engaged in trading of M.S. Beams, M.S. Plates (Mild Steel Plates), and G.P. Sheets. The company's total approach towards marketing ensures the delivery of the highest quality steel products.
Aakaf Steel Private Limited is a private company incorporated in 2000, with its registered office in Ahmedabad, Gujarat, classified under basic metals (iron, steel). In FY25 it reported revenue of ₹89 crore, down 12% on the year before, with a net margin of 0.8%.
Mahavir Group is a diversified conglomerate with operations in ship recycling, manufacturing of mild steel products, and automotive sales. The group has a strong presence in the Indian market and is known for its commitment to quality and customer satisfaction. Mahavir Group's businesses span multiple sectors, including industrial chemicals, education, and technology, showcasing its adaptability and resilience in a rapidly changing business landscape.
Mahavir Rolling Mill Private Limited is a private company incorporated in 1992, with its registered office in Ahmedabad, Gujarat, classified under fabricated metal products. In FY22 it reported revenue of ₹86.1 crore, up 44% on the year before, with a net margin of 3.5%.
Manufacturer of thermo-mechanically treated steel bars for the construction industry. The company produces high-quality steel bars using advanced technology and premium raw materials. A focus on quality control ensures consistent performance and reliability. The manufacturing process incorporates stringent quality checks throughout, from raw material selection to final product delivery. The company provides end-to-end handling services, encompassing production, quality control, and distribution. This ensures seamless delivery of products to meet diverse construction needs.
Vibrant Steel Tradex Private Limited is a private company incorporated in 2006, with its registered office in Kachchh, Gujarat, classified under basic metals (iron, steel). Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Varahaa Steelworks Private Limited is a private company incorporated in 2014, with its registered office in Vadodara, Gujarat, classified under basic metals (iron, steel). Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Suryamani is a manufacturer of glass-lined equipment with a focus on creating high-quality products using advanced techniques. The company offers a range of glass-lined products for various industries and applications.
Suryamani Glassed Steel Equipment Private Limited is a private company incorporated in 2018, with its registered office in Kheda, Gujarat, classified under business services (consulting, advertising, staffing). Its latest accounts on file are for FY22; revenue, growth and margin are locked below.
Revenue (FY22)XXXX
Growth vs prior yearXXXX
Net marginXXXX
Net worthXXXX
Paid-up capitalXXXX
AreaKheda
Incorporated2018 · Private company
Secured loans6 open
OffersGlassed-Steel, Heat Exchanger (Disc Type / Shell in…, Glass lined Reactors AE Type, Min Sensible Volume V2 in
Directors on recordSurykant Ashabhai Patel, Sunilkumar Arvindbhai Patel2 directors
Surykant Ashabhai PatelDirector · since 2018
Sunilkumar Arvindbhai PatelDirector · since 2018
ProductsMSGL Agitated Nutsche…, Glass lined Reactors CE Type +35 products
Product 01 / 05
MSGL Agitated Nutsche Filters And Dryers
PriceOn request
Range5 products listed by Suryamani
Product 02 / 05
Glass lined Reactors CE Type
PriceOn request
Range5 products listed by Suryamani
Product 03 / 05
Glass Lined Reactors
PriceOn request
Range5 products listed by Suryamani
Product 04 / 05
Glass Lined Vertical Storage Tank & Receiver
PriceOn request
Range5 products listed by Suryamani
Product 05 / 05
Glass Lined Vertical Un Jacketed Storage Tank
PriceOn request
Range5 products listed by Suryamani
1 / 5
Financials locked for 10 of 13 mid-size steel plantsRevenue, growth, margin and net worth for every one of them are in Fliar Radar.
Agew Steel Manufacturers Private Limited is an Indian manufacturer and exporter of steel windows and doors, with a focus on custom-made products. The company offers a range of steel doors, fire doors, and windows with international accreditations such as UL and BIS. With over a decade of experience, Agew Steel serves local and international markets, providing quality products with flexible design solutions.
Agew Steel Manufacturers Pvt Ltd is a private company incorporated in 1970, with its registered office in Ahmedabad, Gujarat, classified under fabricated metal products. In FY25 it reported revenue of ₹4.4 crore, up 9% on the year before, with a net margin of −36.2%.
Gopal Iron & Steels Co (Gujarat) Ltd is an India-based company. It is engaged in the manufacturing of structural steel like channels, angles, beams, sections, electric resistance welded pipes, and bars. Its products comprise ERW Pipes / Tubes (RHS, SHS, CHS) and Bars like Round Bars, Square Bars, HR/CR/SS Galvanized coils, strips, and Flat Bars. The company is also engaged in green power generation through windmills.
Gopal Iron And Steels Company (gujarat) Limited is a public company incorporated in 1994, with its registered office in Ahmedabad, Gujarat, classified under basic metals (iron, steel). In FY25 it reported revenue of ₹3.2 crore, down 25% on the year before, with a net margin of −0.8%.
Essar Steel Logistics Limited is a public company incorporated in 2013, with its registered office in Surat, Gujarat, classified under land transport. In FY15 it reported revenue of ₹58.3 lakh, down 100% on the year before, with a net margin of −111.6%.
Revenue (FY15)₹58.3 lakh
Growth vs prior year−100%
Net margin−111.6%
Net worth₹5.6 crore
Paid-up capital₹5 lakh
AreaSurat
Incorporated2013 · Public company
Directors on recordVineet Khemka, Anil Matoo, Santosh Maniklal Mundhada3 directors
Vineet KhemkaDirector · since 2019
Anil MatooDirector · since 2020
Santosh Maniklal MundhadaDirector · since 2020
04 · FY23 accounts · Ahmedabad
H
Hans Ispat Limited
Electrotherm (India) Ltd. Has been engineering metal melting industry since 1983. In Electrotherm from inception, R&D has been our core competency with a common focus on developing and adopting technologies to customize customer needs making it a key driver in our Multi-Divisional growth story.
Hans Ispat Limited is a public company incorporated in 1991, with its registered office in Ahmedabad, Gujarat, classified under wholesale trade. Its latest accounts on file are for FY23; revenue, growth and margin are locked below.
Revenue (FY23)XXXX
Growth vs prior yearXXXX
Net marginXXXX
Net worthXXXX
Paid-up capitalXXXX
AreaAhmedabad
Incorporated1991 · Public company
Secured loans4 open
OffersElectro Tlt Angles & Structurals, High Quality Steel Billets, Electro T.M.T Plus Bars, Stainless Steel
Secured loans registered against company assets. The median open loan is ₹2.7 crore.
Lender
Companies
Loans
Open borrowings
State Bank Of India
57
113
₹12,324 crore
HDFC Bank
56
87
₹607 crore
Bank Of Baroda
49
125
₹594 crore
Dena Bank
27
45
₹26.8 crore
Punjab National Bank
26
70
₹488 crore
Bank Of India
24
80
₹70.6 crore
Gujarat State Financial Corporation
21
23
₹5.7 crore
Axis Bank
20
39
₹151 crore
Backed steel plants in Gujarat
Companies with venture, private-equity, incubator or grant funding on Fliar Radar, most recent rounds first.
Company
Backing
Latest round
Backers on record
Named backers
JSW Group
Public
Post IPO · 2022-09
15
Life Insurance Corporation of India
Welcast Steel
Public
–
–
–
Gopal Iron & Steels
Corporate
–
–
–
Panchmahal Steel
Funding Raised
–
–
–
Steelcast
Corporate
–
–
Nrups Consultants
SAL Steel
Corporate
–
–
–
GPT Steel Industries
Formerly PE-Backed
–
–
–
Theis
Acquired
–
–
–
Frequently asked questions
How many steel plants are there in Gujarat?
The register lists 564 active steel plants in Gujarat; 34 have filed accounts and 30 are tracked in Radar.
What is the biggest of the steel plants in Gujarat?
By latest revenue: Laxcon Steels Limited (₹1,911 crore, FY25); China Steel Corporation India Private Limited (₹1,115 crore, FY25); Vinayak Tmt Bars Private Limited (₹835 crore, FY25).
How much revenue do steel plants in Gujarat generate?
The 34 companies with accounts on file reported ₹9,053 crore in their latest year; the median is ₹106 crore and the top ten make up 80%.
Are steel plants in Gujarat profitable?
82% of filers reported a profit and the median net margin is 0.9%; median revenue growth is +2%.
Which city in Gujarat has the most steel plants?
Ahmedabad (212); Bhavnagar (77); Rajkot (47).
Which banks lend to steel plants in Gujarat?
State Bank Of India (57 companies); HDFC Bank (56 companies); Bank Of Baroda (49 companies); Dena Bank (27 companies).
Companies come from the Ministry of Corporate Affairs register (active companies; incorporations through 2022). Revenue, profit and net worth are the latest statutory accounts on file for companies that file them, standalone where available; companies without accounts are not in revenue figures. Secured loans are charges registered against company assets. Hiring is from Fliar Radar job tracking. Directory figures come from business-directory listings collected in 2026 (reviews to 2021). Counts are a floor: some incorporation years are only partly covered.