₹15,580 crore of revenue reported in the latest year (mostly FY25) by the 25 of Karnataka's 329 steel plants with accounts on file. The ten largest produce 91% of it; the typical filer earns ₹164 crore.
Active companies
329
steel plants on the register
Reported revenue
₹15,580 crore
25 companies with accounts
Profitable
92%
of filers · India 86%
Secured loans
43.8%
of companies have one on record
What stands out about Karnataka's steel plants
01
Revenue
₹15,580 crore
of revenue reported in the latest year (mostly FY25) by the 25 of Karnataka's 329 steel plants with accounts on file. The ten largest produce 91% of it; the typical filer earns ₹164 crore.
02
Profitability
92%
of filers reported a profit (India, same segment: 86%); the median net margin is 1.9% against 1.1% nationally.
03
Growth
+2%
median revenue growth across 25 companies with two consecutive years on file (India: +2%); 2 grew by more than half and 10 shrank. Only companies still filing are counted.
04
Labour cost
3%
of revenue goes on employee cost for the median filer (2% nationally), so this segment is more labour-intensive in Karnataka than across India.
05
Lending
43.8%
of Karnataka steel plants have a secured loan on record (India: 44.3%). Most frequent lenders: State Bank Of India (53), Axis Bank (32), Canara Bank (27). Open borrowings against company assets total ₹5,590 crore.
06
Where the money is
40%
of reported revenue comes from Bangalore Rural, which holds 59% of Karnataka's steel plants.
Where Karnataka's steel plants are
Companies by the city or district of their registered address.
City
Companies
Share
Reported revenue
Share of revenue
Bangalore Rural
193
58.7%
₹6,188 crore
40%
Bellary
52
15.8%
₹3,370 crore
22%
Bangalore
28
8.5%
₹532 crore
3%
Belgaum
11
3.3%
₹66.4 crore
0%
Mysore
9
2.7%
–
–
Tumkur
7
2.1%
–
–
Dharwad
5
1.5%
–
–
Koppal
4
1.2%
₹804 crore
5%
Kolar
4
1.2%
₹170 crore
1%
Shimoga
3
0.9%
₹21 crore
0%
Steel Plants in Karnataka 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 · Ramanagar
T
Tt Steel Service India Private Limited
Tt Steel Service India Private Limited is a private company incorporated in 2014, with its registered office in Ramanagar, Karnataka, classified under fabricated metal products. In FY25 it reported revenue of ₹4,150 crore, down 4% on the year before, with a net margin of 1.3%.
Revenue (FY25)₹4,150 crore
Growth vs prior year−4%
Net margin1.3%
Net worth₹187 crore
Paid-up capital₹142 crore
AreaRamanagar
Incorporated2014 · Private company
Directors on recordNaoyasu Sugimoto, Junichi Takamasu, Hiromi Sugimoto4 directors
B M M Ispat Limited is a leading Manufacturer based in Bellary.we are committed to delivering quality products and services.
B.M.M. Ispat Limited is a public company incorporated in 2002, with its registered office in Bellary, Karnataka, classified under metal ore mining. In FY24 it reported revenue of ₹2,877 crore, down 21% on the year before, with a net margin of 3.2%.
Revenue (FY24)₹2,877 crore
Growth vs prior year−21%
Net margin3.2%
Net worth₹2,969 crore
Paid-up capital₹107 crore
AreaBellary
Incorporated2002 · Public company
Secured loans1 open
OffersTMT Short Length, TMT Bars, Flyash, Coal Tar
Minera Steel & Power Private Limited is a private company incorporated in 2006, with its registered office in Bangalore Rural, Karnataka, classified under basic metals (iron, steel). In FY25 it reported revenue of ₹1,388 crore, down 8% on the year before, with a net margin of 4.4%.
Revenue (FY25)₹1,388 crore
Growth vs prior year−8%
Net margin4.4%
Net worth₹521 crore
Paid-up capital₹99 crore
AreaBangalore Rural
Incorporated2006 · Private company
Brand founded2005
Secured loans5 open
Directors on recordAhmed Tanveer, Nafisa Noor, Hanumantha Reddy Thunga3 directors
Vishal Precision Steel Tubes And Strips Pvt. Ltd. is a leading Manufacturer based in Bengaluru. Established in 1995, we are committed to delivering quality products and services.
Vishal Precision Steel Tubes And Strips Private Limited is a private company incorporated in 1991, with its registered office in Bangalore Rural, Karnataka. 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
AreaBangalore Rural
Incorporated1991 · Private company
Secured loans2 open
OffersAmerican Standard Neo, Parryware Pull Out Kitchen, Double Bowl, Kitchen Sink
Directors on recordSukumar Srinivas, Chowdappa Ravikumar, Jayashri Murali4 directors
Sukumar SrinivasDirector · since 2010
Chowdappa RavikumarDirector · since 2010
Jayashri MuraliDirector · since 2017
MuthuramanDirector · since 2017
ProductsAmerican Standard Neo, Parryware Pull Out Kitchen +35 products
Product 01 / 05
American Standard Neo
CategorySteel Pipes
PriceOn request
Range5 products listed by Vishal Precision Steel Tubes And Strips
Product 02 / 05
Parryware Pull Out Kitchen
CategorySteel Pipes
PriceOn request
Range5 products listed by Vishal Precision Steel Tubes And Strips
Product 03 / 05
Double Bowl
CategorySteel Pipes
PriceOn request
Range5 products listed by Vishal Precision Steel Tubes And Strips
Product 04 / 05
Kitchen Sink
CategorySteel Pipes
PriceOn request
Range5 products listed by Vishal Precision Steel Tubes And Strips
Product 05 / 05
Soap Dispenser
CategorySteel Pipes
PriceOn request
Range5 products listed by Vishal Precision Steel Tubes And Strips
Shritirupati Steelcast Limited is a public company incorporated in 2010, with its registered office in Bangalore Rural, Karnataka, classified under fabricated metal products. Its latest accounts on file are for FY24; revenue, growth and margin are locked below.
Revenue (FY24)XXXX
Growth vs prior yearXXXX
Net marginXXXX
Net worthXXXX
Paid-up capitalXXXX
AreaBangalore Rural
Incorporated2010 · Public company
Secured loans2 open
Directors on recordSunder Somani, Shalini Rathi, Raakesh H Rathi5 directors
Sunder SomaniWholetime Director · since 2010
Shalini RathiDirector · since 2010
Raakesh H RathiWholetime Director · since 2014
Sachin JindalDirector · since 2016
Suyash SomaniDirector · since 2019
ProductsPresident 8mm TMT Rod, President 10mm TMT Rod +35 products
Manufacturer of steel products for construction, infrastructure, and industrial applications. The company provides steel for diverse industries, focusing on product quality. It transforms visions into steel reality for infrastructural excellence. The company delivers products meeting standards of quality and durability.
Sunvik Steels Private Limited is a private company incorporated in 2003, with its registered office in Bangalore Rural, Karnataka, 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
AreaBangalore Rural
Incorporated2003 · Private company
Secured loans10 open
Directors on recordVivek Kumar Kejriwal, Ravi Murarka, Harish Chottekorianda Ramakrishna4 directors
Vivek Kumar KejriwalManaging Director · since 2003
Ravi MurarkaWholetime Director · since 2015
Harish Chottekorianda RamakrishnaWholetime Director · since 2021
Samir Gurudas KorgaonkarWholetime Director · since 2021
ProductsFly Ash Bricks, TMT Bars- FE 500 +46 products
Product 01 / 06
Fly Ash Bricks
CategoryTMT Bars
Price₹20 per piece
Range10 products listed by Sunvik Steels
Product 02 / 06
TMT Bars- FE 500
CategoryTMT Bars
Price₹49,800 per unit
Range10 products listed by Sunvik Steels
Product 03 / 06
Suvnik FE 500 TMT Bar
CategoryTMT Bars
PriceOn request
Range10 products listed by Sunvik Steels
Product 04 / 06
Suvnik Gold XX 500 TMT Bar
CategoryTMT Bars
PriceOn request
Range10 products listed by Sunvik Steels
Product 05 / 06
Suvnik FE 550 TMT Bar
CategoryTMT Bars
PriceOn request
Range10 products listed by Sunvik Steels
Product 06 / 06
Suvnik Gold XX 550 TMT Bar
CategoryTMT Bars
PriceOn request
Range10 products listed by Sunvik Steels
1 / 6
Financials locked for 14 of 17 bigger steel plantsRevenue, growth, margin and net worth for every one of them are in Fliar Radar.
Rav S Steels Private Limited is a leading Manufacturer based in Anantapur.we are committed to delivering quality products and services.
Rav's Steels Private Limited is a private company incorporated in 2008, with its registered office in Bellary, Karnataka, classified under basic metals (iron, steel). In FY25 it reported revenue of ₹86.3 crore, down 51% on the year before, with a net margin of 3.8%.
Hothur Group is a leading mining company that processes and exports iron ore, with a focus on strong customer service, quality, and reliability in production and delivery. The group has a fully operational sponge iron plant and is looking to diversify into property development projects. Their vision is to establish themselves as the top supplier of high-grade iron ore in the country.
Hothur Ispat Private Limited is a private company incorporated in 2004, with its registered office in Bellary, Karnataka, classified under fabricated metal products. In FY25 it reported revenue of ₹74.3 crore, down 48% on the year before, with a net margin of 1.1%.
Revenue (FY25)₹74.3 crore
Growth vs prior year−48%
Net margin1.1%
Net worth₹105 crore
Paid-up capital₹82 crore
AreaBellary
Incorporated2004 · Private company
Brand founded2007
Secured loans2 open
Directors on recordNadira Iqbal, Hothur Mohamad Iqbal, Sarah Iqbal5 directors
Nadira IqbalDirector · since 2004
Hothur Mohamad IqbalManaging Director · since 2004
Sarah IqbalDirector · since 2015
Sharmeen IqbalDirector · since 2015
Zahaan Mohamad IqbalDirector · since 2016
ProductsReal Estate Services, Iron Ore Mining +24 products
Manufacturer of medium carbon wiper arms for automobile wiper systems, established in 1997 in Belgaum, India. Specializes in intricate profiles of CHQ wires and offers a range of steel products.
Jina Special Steel Works Private Limited is a private company incorporated in 2006, with its registered office in Belgaum, Karnataka, classified under basic metals (iron, steel). In FY25 it reported revenue of ₹66.4 crore, up 19% on the year before, with a net margin of 20.1%.
Noble Ispat & Energies Limited is a public company incorporated in 1999, with its registered office in Bellary, Karnataka, classified under construction. 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
AreaBellary
Incorporated1999 · Public company
Secured loans4 open
Directors on recordBasavaraj Sirwar, Kodiganti Venkatramana Prasad, Eddalapuri Srinivas4 directors
Basavaraj SirwarManaging Director · since 2004
Kodiganti Venkatramana PrasadDirector · since 2021
Suresh Steel Tube Pvt Ltd is a company that specializes in manufacturing ERW & CDW Steel Tubes and Design Pipes. They are known as a market leader in the industry since 2007.
Suresh Steel Tubes Private Limited is a private company incorporated in 2005, with its registered office in Bangalore Rural, Karnataka, 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
AreaBangalore Rural
Incorporated2005 · Private company
Brand founded1987
Secured loans7 open
Key peopleGopal Paramashiva (Managing Director)
Founders & leadershipGGopal Paramashiva1 person
GP
Gopal Paramashiva
Managing Director
ProductsMs Bright Round Bar, Ms Bright Hexagonal Bars +35 products
Product 01 / 05
Ms Bright Round Bar
PriceOn request
Range5 products listed by Suresh Steel Tubes
Product 02 / 05
Ms Bright Hexagonal Bars
PriceOn request
Range5 products listed by Suresh Steel Tubes
Product 03 / 05
CEW Tubes
PriceOn request
Range5 products listed by Suresh Steel Tubes
Product 04 / 05
CDW Tubes
PriceOn request
Range5 products listed by Suresh Steel Tubes
Product 05 / 05
ERW Tubes
PriceOn request
Range5 products listed by Suresh Steel Tubes
1 / 5
06 · FY24 accounts · Bangalore Rural
S
Southern Stainless Steel Fabrication India Private Limited
Founded in 2011 and based in Bangalore, Karnataka, India, SSS is a privately held company leading in design, manufacturing and installation of kitchen ventilation systems and stainless steel kitchen equipment for the professional kitchen. The SSS advantage is: Our commitment to our employees creates a team that is dedicated to our customers. Having a design and support team that has decades of experience in creating smart design solutions.
Southern Stainless Steel Fabrication India Private Limited is a private company incorporated in 2011, with its registered office in Bangalore Rural, Karnataka, classified under fabricated metal products. Its latest accounts on file are for FY24; revenue, growth and margin are locked below.
State Bank Of India (53 companies); Axis Bank (32 companies); Canara Bank (27 companies); HDFC Bank (22 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.
