About Excellent Wires and Packaging Ltd
Our Company was incorporated as Excellent Wires and Packaging Private Limited on March 16, 2021 under the Companies Act, 2013 with the Registrar of Companies, Maharashtra at Mumbai bearing Registration number 357089. The status of the Company was changed to public limited and the name of our Company was changed to Excellent Wires and Packaging Limited vide Special Resolution dated March 27, 2024 pursuant to conversion of the Company into public limited Company. The fresh certificate of incorporation consequent to conversion was issued on May 30, 2024 by the Registrar of Companies, Mumbai. The Corporate Identification Number of our Company is U28990MH2021PLC357089.
INDIAN STEEL INDUSTRY One of the primary forces behind industrialization has been the use of metals. Steel has traditionally occupied a top spot among metals. Steel production and consumption are frequently seen as measures of a country's economic development because it is both a raw material and an intermediary product. Therefore, it would not be an exaggeration to argue that the steel sector has always been at the forefront of industrial progress and that it is the foundation of any economy. The Indian steel industry is classified into three categories - major producers, main producers and secondary producers. India is the world's second-largest producer of crude steel, with an output of 125.32 MT of crude steel and finished steel production of 121.29 MT in FY23. India's steel production is estimated to grow 4-7% to 123-127 MT in FY24. MARKET SIZE In the past 10-12 years, India's steel sector has expanded significantly. Production has increased by 75% since 2008, while domestic steel demand has increased by almost 80%. The capacity for producing steel has grown concurrently, and the rise has been largely organic. The annual production of steel is anticipated to exceed 300 million tonnes by 2030-31. By 2030-31, crude steel production is projected to reach 255 million tonnes at 85% capacity utilisation achieving 230 million tonnes of finished steel production, assuming a 10% yield loss or a 90% conversion ratio for the conversion of raw steel to finished steel. With net exports of 24 million tonnes, consumption is expected to reach 206 million tonnes by the years 2030-1931. As a result, it is anticipated that per-person steel consumption will grow to 160 kg. STEEL WIRE INDUSTRY Established in India in 1920s, the Steel Wire Industry has progressed remarkably and has successfully developed and manufactured various types of high carbon, alloy steel and special steel wires in addition to mild steel wires. The industry has become versatile enough to meet the requirements of numerous consuming sectors. This sophistication has been possible due to continuous and well-planned R & D efforts on part of the manufacturers with patronage of SWMAI. The result has been that the industry is in a position to manufacture and supply steel wires, both in the domestic and the international markets, in accordance with Indian (BIS) and international (ASTM, DIN, JIS, BSS) standards. The demand of wires is expected to increase in leaps and bounds in the years to come. Out of the total steel consumed in India wire constitutes only 5%. However, if pace of development picks up the domestic consumption of wires will increase by 2% - 3% to 7% - 8% of the steel consumption. In our Country, if we closely look at the wire demand, almost 88% of it is for wires in plain carbon steel grades, 5% would be for Stainless Steel grades and the balance would be for Alloy Steel Wires. On further analysis, out of the plain carbon wires almost 75% to 80% of the demand is for black/uncoated wires and the balance 20% to 25% is for wires coated with other base metals e.g. Zinc (Galvanized), Copper, Bronze, and other coating materials. Key Growth Indicators for Wire and Cable Market in India: Increasing Demand for Renewable Power Generation is a Vital Trend. Growing Demand from Data Centers and IT Facilities is a Current Trend. Demand for Cables in Railways. 5G Infrastructure will Create the Demand for Cables. Escalating urbanization & Growth in Infrastructure. The cable & wire industry in India is a significant sector which has registered robust growth over decades led by the government's focus on providing power to all. It plays a crucial role in supporting the infrastructure development and electrical needs of the country. The domestic cables and wires industry has registered robust growth over the last five years led by the government's focus on providing power to all and gradual pickup from the housing market. The Cables and Wires (C&W) industry is expected to grow at a compound annual growth rate (CAGR) of 12% over FY 2021- 26. Growth is expected to be driven by upbeat construction activity in the housing sector and government initiatives in the power and infrastructure sectors. Further, electrification of rural villages and households, improved transmission and distribution systems along with increased demand from renewable power generation will drive growth of electrical cables.
We started our business in April 2012 in the name of Perfect Wire Industries, Partnership Firm, as a manufacturer and exporter of various types of wires, such as Spring Steel Wire, High Carbon Wire, Galvanised Wire or GI Wire, Round Stitching Wire, Flat Stitching Wire, Mild Steel (M.S.) & Low Carbon Wire, H.B. & H.H.B. Wire, Annealed Wire, Brass Wire, Copper Wire, Stainless Steel Wire, Spiral Wires, Binding Wires, Bailing Wires and all types & sizes of Wire Ropes made of high carbon or SS Wire With or without PVC Coating for multiple applications under the brand name of Excellent. We also manufacture packaging products like PP Strapping Rolls and BOPP Self Adhesive Tapes under the brand name of Excellent. We supply our products to various industries viz. Packaging, Engineering, Stationery, Imitation Jewellry, Wires & Cable etc. Our Company was incorporated on March 16, 2021 to pursue the business of Perfect Wire Industries in corporate entity and reduced the business in partnership firm over a period of time and is stopped from August 2021 and entire production facility with assets was rented to our Company vide agreement dated June 01, 2021 and it sold all machines to our Company on March 01, 2024 at Rs. 17.75 Lakhs vide their invoice no. PW/FA/001 at written down value. As on date above business is completely carried on in Excellent Wires and Packaging Limited.
Peer Comparison:
- Bedmutha Industries Ltd
- KEI Industries Ltd
- Rajratan Global Wire Ltd
