Type | Public company |
---|---|
BSE: 517146, NSE: USHAMART | |
ISIN | INE228A01035 |
Industry | |
Founded | 1961 |
Headquarters | Kolkata, India |
Area served | Worldwide |
Key people |
|
Revenue | ₹32.96 billion (US$410 million) (2023) [2] [3] |
₹3.5 billion (US$44 million) (2023) [2] | |
Total assets | ₹27.42 billion (US$340 million) (2022) [3] |
Total equity | ₹16.97 billion (US$210 million) (2022) [3] |
Website | Official website |
Usha Martin Limited is an Indian multinational company that primarily operates in the steel and wire rope manufacturing industry. It was founded in 1961 by Basant Kumar Jhawar and is headquartered in Kolkata, West Bengal, India. [4] Usha Martin has grown to become one of the largest wire rope manufacturers globally. [5] [6]
Over the years Usha Martin has expanded its operations and established manufacturing facilities in several locations in India and internationally. It has sales offices, distribution networks, and subsidiaries in countries like the United States, the United Kingdom, Dubai, Thailand, and Singapore. Usha Martin has been involved in a wide range of projects and collaborations across different industries. [10] Here are a few examples:
UMESL is a subsidiary of Usha Martin focused on the education and information technology sector. It offers training and education in the field of information technology and related services. [15] [16]
UMTL is another subsidiary of Usha Martin that operates in the information technology sector. It provides software development, IT consulting, and outsourcing services to clients in various industries.
UMIL is a subsidiary engaged in infrastructure development and construction projects. It undertakes projects in areas such as real estate, urban infrastructure, and transportation.
UMIL is a subsidiary that focuses on international trading and distribution of Usha Martin's products. It facilitates the export and import of steel products, wire ropes, and other materials across different countries.
UBL is a subsidiary involved in the manufacturing and marketing of electronic products, primarily in the field of power electronics and telecommunications.
Usha Martin reported a total income of Rs. 32958.2 million during the financial year ended 31 March 2023, compared with Rs.27233.1 million during the financial year ended 31 March 2022. The company had a net profit of Rs.3501.4 million for the financial year ended 31 March 2023 as against net profit of Rs.2912.7 million for the financial year ended 31 March 2022. [2] [17]
The company specializes in the production of wire ropes, strands, wire, and specialty steel products. It caters to various industries such as oil and gas, mining, construction, infrastructure, elevators, and general engineering. Usha Martin's wire ropes find applications in lifting, towing, mooring, and material handling operations. [18]
Usha Martin has a diverse product portfolio that includes wire ropes, wire strands, bright bars, specialty wires, and steel products.
In addition to its steel and wire rope business, Usha Martin also has interests in other sectors such as real estate, agriculture, and information technology. [19]
Tata Steel Limited is an Indian multinational steel-making company, based in Jamshedpur, Jharkhand and headquartered in Mumbai, Maharashtra. It is a part of the Tata Group.
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A hoist is a device used for lifting or lowering a load by means of a drum or lift-wheel around which rope or chain wraps. It may be manually operated, electrically or pneumatically driven and may use chain, fiber or wire rope as its lifting medium. The most familiar form is an elevator, the car of which is raised and lowered by a hoist mechanism. Most hoists couple to their loads using a lifting hook. Today, there are a few governing bodies for the North American overhead hoist industry which include the Hoist Manufactures Institute, ASME, and the Occupational Safety and Health Administration. HMI is a product counsel of the Material Handling Industry of America consisting of hoist manufacturers promoting safe use of their products.
Sumitomo Electric Industries, Ltd. is a manufacturer of electric wire and optical fiber cables. Its headquarters are in Chūō-ku, Osaka, Japan. The company's shares are listed in the first section of the Tokyo, Nagoya Stock Exchanges, and the Fukuoka Stock Exchange. In the period ending March 2021, the company reported consolidated sales of US$26,5 billion.
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Loos & Co., Inc. is a privately owned manufacturing company located in Pomfret, Connecticut. Their focus is in aircraft cable, wire rope, plastic coated steel cable, cable assemblies and stainless steel wire products
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