Bombay Coated and Special Steels

About company

Bombay Coated and Special Steels Limited is a steel processing centre. It buys steel coils from primary steel producers and converts them into value-added products. The main processes are slitting, cut-to-length, shearing and embossing. The outputs are slit coils, embossed slit coils, blanks and sheets, which the company calls Processed Steel Products. It sits between the steel mill and the end user. The company sells to original equipment manufacturers (OEMs) and original design manufacturers (ODMs). In FY2025, ODMs gave 60.56% of revenue from operations and OEMs gave 39.42%. The Home and Commercial Appliances sector bought 81.80% of product sales in FY2025. Named customers include Amber Enterprises India Limited, Western Refrigeration Private Limited, Haier Appliances India Private Limited, PG Technoplast Private Limited, EPack Durable Limited and Dixon Electro Manufacturing Private Limited. The company served 252 customers in FY2025. It runs four manufacturing facilities. Wada (Palghar district) and Bhiwandi (Thane district) are in Maharashtra, Ghiloth is in Rajasthan and Sri City is in Andhra Pradesh. The Sri City plant began operations in April 2023 and the embossing line began on 1 April 2023. In FY2025 the Ghiloth plant gave 46.34% of revenue and Wada gave 39.50%. Installed slitting capacity was 1,87,020 MT in FY2025, against 1,44,120 MT in FY2023. Steel coils are the main raw material. JSW Steel Coated Products Limited supplied about 90.61% of the company's steel coil requirement in FY2025. The company had 153 full-time employees, 4 retainership employees and 350 contract labourers as of 30 September 2025. The company was converted into a public limited company in January 2025 and carries its present name from February 2025. It is promoted by Vijaykumar Himatrai Gupta, Nitin Vijaykumar Gupta and Bhawna Nitin Gupta. Its registered and corporate office is in Andheri (West), Mumbai. The offer is a fresh issue of Rs 183.06 crore at the upper band of Rs 82, and there is no offer for sale.