₹3.3 lakh crore of revenue reported in the latest year (mostly FY25) by the 85 of Maharashtra's 1,732 steel plants with accounts on file. The ten largest produce 95% of it; the typical filer earns ₹184 crore.
Active companies
1,732
steel plants on the register
Reported revenue
₹3.3 lakh crore
85 companies with accounts
Profitable
93%
of filers · India 86%
Secured loans
42.0%
of companies have one on record
What stands out about Maharashtra's steel plants
01
Revenue
₹3.3 lakh crore
of revenue reported in the latest year (mostly FY25) by the 85 of Maharashtra's 1,732 steel plants with accounts on file. The ten largest produce 95% of it; the typical filer earns ₹184 crore.
02
Profitability
93%
of filers reported a profit (India, same segment: 86%); the median net margin is 1.6% against 1.1% nationally.
03
Growth
+4%
median revenue growth across 85 companies with two consecutive years on file (India: +2%); 8 grew by more than half and 32 shrank. Only companies still filing are counted.
04
Labour cost
2%
of revenue goes on employee cost for the median filer (2% nationally), about the same labour intensity as across India.
05
Funding
12
steel plants in Maharashtra have outside funding on record at Fliar Radar (investment, incubator or grant support). Most frequent backers: Life Insurance Corporation of India (1), Bandhan Bank (1), Mahindra Partners (1).
06
Lending
42.0%
of Maharashtra steel plants have a secured loan on record (India: 44.3%). Most frequent lenders: State Bank Of India (141), HDFC Bank (106), Union Bank Of India (91). Open borrowings against company assets total ₹2.4 lakh crore.
07
Where the money is
94%
of reported revenue comes from Mumbai, which holds 56% of Maharashtra's steel plants.
Where Maharashtra's steel plants are
Companies by the city or district of their registered address.
City
Companies
Share
Reported revenue
Share of revenue
Mumbai
977
56.4%
₹3.1 lakh crore
94%
Thane
177
10.2%
₹3,764 crore
1%
Pune
154
8.9%
₹1,831 crore
1%
Nagpur
135
7.8%
₹2,025 crore
1%
Nashik
50
2.9%
₹192 crore
0%
Jalna
44
2.5%
₹982 crore
0%
Ahmed Nagar
38
2.2%
₹85.8 crore
0%
Aurangabad
31
1.8%
₹192 crore
0%
Raigarh(mh)
26
1.5%
₹11,296 crore
3%
Kolhapur
26
1.5%
₹44.6 crore
0%
Steel Plants in Maharashtra 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.
Tata Steel Limited is a public company incorporated in 1907, with its registered office in Mumbai, Maharashtra, classified under basic metals (iron, steel). In FY25 it reported revenue of ₹1.3 lakh crore, down 6% on the year before, with a net margin of 10.5%.
Manufacturer of flat and long steel products. It produces a variety of steel products for diverse industries, including construction, infrastructure, automobiles, and appliances. The company utilizes advanced technologies and collaborates with global partners to offer high-value special steel products. Its operations encompass the entire steelmaking process, from raw material sourcing to finished product delivery. A focus on sustainability and responsible business practices is integral to its operations.
Jsw Steel Limited is a public company incorporated in 1994, with its registered office in Mumbai, Maharashtra, classified under basic metals (iron, steel). In FY25 it reported revenue of ₹1.3 lakh crore, down 6% on the year before, with a net margin of 4.6%.
Manufacturer & exporter of coated steel sheets products for roofing. It offers a variety of coated steel products, including Galvanized & Galvalume Steel, Pre-painted Galvanized & Galvalume steel.
Jsw Steel Coated Products Limited is a public company incorporated in 1985, with its registered office in Mumbai, Maharashtra, classified under basic metals (iron, steel). In FY25 it reported revenue of ₹34,491 crore, up 1% on the year before, with a net margin of 1.4%.
Manufacturer of cold-rolled and galvanized steel products. It produces cold-rolled steel, galvanized and galvannealed steel, and cold-rolled non-grain oriented steel. The company also offers inspection, testing, packing, marking, technical support, and order status and MTC services. A sales network and branch support are available. The company has a stated commitment to corporate social responsibility and environmental, social, and governance (ESG) principles. Recruitment services are also provided.
Posco Maharashtra Steel Private Limited is a private company incorporated in 2009, with its registered office in Raigarh(mh), Maharashtra, 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
AreaRaigarh(mh)
Incorporated2009 · Private company
Brand founded2012
OffersCold Rolled Non Grain Oriented Steel, Pickling Line & Tandem Cold Rolling…, Continuous Annealing Line
Directors on recordKwangsoo Kim, Sung Lae Chun, Namhaeng Heo3 directors
Manufacturer of alloy steel, stainless steel, and heavy machinery. It produces alloy steel products that offer strength, corrosion resistance, and durability for applications in automobile manufacturing, construction, and mining. It also produces stainless steel for various applications, supported by investments in advanced production technology and in-house research and development. Additionally, it custom designs EOT and port cranes and heavy machinery for process plants.
Mukand Alloy Steels Limited is a public company incorporated in 2015, with its registered office in Thane, Maharashtra, classified under basic metals (iron, steel). Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Bhagyalaxmi Steel Alloys (BSA) Bhagyalaxmi Group started its journey with set up of Billet manufacturing unit. It is one of the largest Induction Furnace facility in India. With the help of Continuous Casting Technology provided by Concast India Ltd. (Technology from Switzerland), BSA has already proved its mettle in the business. Bhagyalaxmi Rolling Mill (BRM)
Bhagyalaxmi Rolling Mill Private Limited is a private company incorporated in 2004, with its registered office in Mumbai, Maharashtra, 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
AreaMumbai
Incorporated2004 · Private company
Secured loans3 open
OffersSteel Bar Coil, Dowel Bars, Binding Wire, Wire Rod
Suyesh Group of Industries is a diversified industrial conglomerate that provides casting machining services, sheet metal parts and assemblies, and other industrial solutions. With a strong presence in India, the company operates multiple businesses, including foundry, engineering, and healthcare services.
Suyesh Iron & Steels Private Limited is a private company incorporated in 2007, with its registered office in Sangli, Maharashtra, classified under basic metals (iron, steel). In FY25 it reported revenue of ₹98.4 crore, down 6% on the year before, with a net margin of 2.3%.
Sindia Steels Limited is a manufacturer of stainless steel products including bright bars, threaded rods, tubes, pipes, and wires, aiming to build a reliable long-term relationship with customers based on mutual trust. Sindia Steels assures total customer satisfaction in their products and services.
Sindia Steels Limited is a public company incorporated in 1995, with its registered office in Mumbai, Maharashtra, classified under basic metals (iron, steel). In FY25 it reported revenue of ₹92.6 crore, up 5% on the year before, with a net margin of 1.9%.
ProductsCarbon And Alloy Steels Bars, Stainless Steel Wire +46 products
Product 01 / 06
Carbon And Alloy Steels Bars
CategoryStainless Steel Rods
PriceOn request
Range10 products listed by Sindia Steels
Product 02 / 06
Stainless Steel Wire
CategoryStainless Steel Rods
PriceOn request
Range10 products listed by Sindia Steels
Product 03 / 06
Steels Stainless Bars
CategoryStainless Steel Rods
PriceOn request
Range10 products listed by Sindia Steels
Product 04 / 06
Stainless Steel Pump Shaft Quality Bars
CategoryStainless Steel Rods
PriceOn request
Range10 products listed by Sindia Steels
Product 05 / 06
Threaded Rods
CategoryStainless Steel Rods
PriceOn request
Range10 products listed by Sindia Steels
Product 06 / 06
Sindia Stainless Steel PSQ Bars
CategoryAlloy Steel Bars
PriceOn request
Range10 products listed by Sindia Steels
1 / 6
03 · FY24 accounts · Sangli
J
Jugai Iron And Steel Private Limited
Jugai Iron And Steel Private Limited is a private company incorporated in 2006, with its registered office in Sangli, Maharashtra, classified under basic metals (iron, steel). In FY24 it reported revenue of ₹91.8 crore, up 15% on the year before, with a net margin of 3.9%.
Revenue (FY24)₹91.8 crore
Growth vs prior year+15%
Net margin3.9%
Net worth₹18.6 crore
Paid-up capital₹40 lakh
AreaSangli
Incorporated2006 · Private company
Secured loans8 open
Directors on recordAlok Sharad Kore, Shaila Sharad Kore2 directors
Manufacturer and distributor of Ayurvedic, allopathic, and OTC pharmaceutical products.The company has an extensive distribution network reaching numerous retailers. Its products are available through various channels, including an online store. The business model focuses on providing accessible and affordable healthcare solutions.
Kalpataru Ispat Private Limited is a private company incorporated in 1996, with its registered office in Ahmed Nagar, Maharashtra, 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
AreaAhmed Nagar
Incorporated1996 · Private company
Brand founded2016
Secured loans2 open
Directors on recordVinay Purushottam Gaggar, Vijay Purushottam Gaggar2 directors
Nasik Ispat Private Limited is a private company incorporated in 2009, with its registered office in Nashik, Maharashtra, classified under basic metals (iron, steel). Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Prakash Steelage Ltd is a company, which is predominantly related to the manufacturing and trading of stainless steel tubes and pipes. Its products are available in various conditions, such as welded, Annealed/Unanneled, Bright Annealed, Annealed and Pickled, U-Bent, Bead Rolled, and Straight Lengths. Geographically all the business activity of the group is operated through the region of India.
Prakash Steelage Limited is a public company incorporated in 1991, with its registered office in Mumbai, Maharashtra, classified under basic metals (iron, steel). Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Manufacturer of structural metal products, tanks, reservoirs and steam generators
Balbir Steel Rolling Private Limited is a private company incorporated in 2012, with its registered office in Mumbai, Maharashtra, classified under fabricated metal products. In FY18 it reported revenue of ₹7.9 crore, up 36% on the year before, with a net margin of 10.1%.
Revenue (FY18)₹7.9 crore
Growth vs prior year+36%
Net margin10.1%
Net worth₹1.5 crore
Paid-up capital₹20.6 lakh
AreaMumbai
Incorporated2012 · Private company
Directors on recordVikas Prabhat Bhushan, Nalini Vikas Bhushan2 directors
Provider of high-speed internet services at affordable prices. The company offers high-speed broadband and digital connectivity services to homes and businesses.
Prathamesh Ispat Engineers Private Limited is a private company incorporated in 2002, with its registered office in Thane, Maharashtra, classified under basic metals (iron, steel). In FY25 it reported revenue of ₹7.7 crore, down 15% on the year before, with a net margin of 0.4%.
Swedish Me Steel Private Limited is a leading Wholesale Supplier based in Bengaluru. Established in 2016, we are committed to delivering quality products and services.
Swedish Me Steel Private Limited is a private company incorporated in 2016, with its registered office in Thane, Maharashtra, classified under machinery & equipment. In FY24 it reported revenue of ₹4.7 crore, up 136% on the year before, with a net margin of 2.3%.
Revenue (FY24)₹4.7 crore
Growth vs prior year+136%
Net margin2.3%
Net worth−₹67.1 lakh
Paid-up capital₹1 lakh
AreaThane
Incorporated2016 · Private company
OffersToolox 44 Steel Round Bar, P20 Steel Round Bars, EN24 Steel Round Bar, EN24 Polished Bar
Directors on recordDinesh Kumar Singh, Nils Jonas Hogstrom2 directors
Sindia Steels Limited is a manufacturer of stainless steel products including bright bars, threaded rods, tubes, pipes, and wires, aiming to build a reliable long-term relationship with customers based on mutual trust. Sindia Steels assures total customer satisfaction in their products and services.
Suyog Steels Private Limited is a private company incorporated in 2009, with its registered office in Mumbai, Maharashtra, classified under basic metals (iron, steel). Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Birla TMT Steel is a TMT Manufacturing Company in India that offers a wide range of superior quality steel products. They are known for their strength and are a preferred option for construction projects. They also engage in CSR activities and have a strong focus on environmental sustainability.
Birla Tmt Holdings Private Limited is a private company incorporated in 2000, with its registered office in Mumbai, Maharashtra, classified under IT & computer services. Its latest accounts on file are for FY22; revenue, growth and margin are locked below.
Ensa Steel Industries Ltd is primarily involved in the manufacture, distribution, and marketing of basic Iron and Steel. It also involved in trading of Steel and Steel Alloys. It derives most of its revenues from the sale of steel and has operations spread across India.
Ensa Steel Industries Ltd is a public company incorporated in 1985, with its registered office in Mumbai, Maharashtra, classified under construction. Its latest accounts on file are for FY17; revenue, growth and margin are locked below.
Revenue (FY17)XXXX
Growth vs prior yearXXXX
Net marginXXXX
Net worthXXXX
Paid-up capitalXXXX
AreaMumbai
Incorporated1985 · Public company
BackingCorporate
Secured loans2 open
Key peopleNitin Sandesara (CEO)
Founders & leadershipNNitin Sandesara1 person
NS
Nitin Sandesara
CEO
Financials locked for 5 of 8 smaller steel plantsRevenue, growth, margin and net worth for every one of them are in Fliar Radar.
How much revenue do steel plants in Maharashtra generate?
The 85 companies with accounts on file reported ₹3.3 lakh crore in their latest year; the median is ₹184 crore and the top ten make up 95%.
Are steel plants in Maharashtra profitable?
93% of filers reported a profit and the median net margin is 1.6%; median revenue growth is +4%.
Which city in Maharashtra has the most steel plants?
Mumbai (977); Thane (177); Pune (154).
Which banks lend to steel plants in Maharashtra?
State Bank Of India (141 companies); HDFC Bank (106 companies); Union Bank Of India (91 companies); Bank Of Baroda (77 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.
Hot Rolled Sheets, Cold Rolled Steel +46 products
