About Bansal Wire Industries Limited

Bansal Wire Industries Limited, founded in 1985 and backed by the Bansal Group legacy dating to 1938, has emerged as one of India’s foremost steel wire manufacturers. The company began as a steel wire trading house before expanding into manufacturing, steadily building scale and capabilities across four decades. Today, it is recognised as the largest stainless steel wire producer in India and the second-largest steel wire manufacturer by volume.

Its extensive product portfolio spans over 3,000 SKUs, including Stainless Steel Wires, High Carbon Steel Wires, Mild Steel Galvanised Wires (low carbon steel wires), and Speciality Wires such as Tyre Bead Wire, Hose Wire, and Steel Tyre Cord. These products cater to diverse industries including aeronautics, agriculture, automotive, cable, consumer durables, engineering, hardware, and infrastructure.

Bansal Wire serves more than 5,000 customers with a client retention rate of nearly 90% in its top 300 accounts. It operates five manufacturing facilities, with the Dadri plant in Uttar Pradesh being the largest single-location steel wire facility in India. The company exports to over 50 countries, supported by representatives across South Korea, Germany, Vietnam, Poland, France, Brazil, Italy, the USA, the UK, and South Africa.

Bansal Wire Industries Limited Milestone 

Notable milestones include starting galvanised wire manufacturing in 1995, high carbon wires in 2007, an IPO in 2024, commissioning of the Dadri plant the same year, and the launch of pilot speciality wire projects in December 2024. In FY 2025, the company also acquired land to enhance future production capacity. 

Bansal Wire Industries Limited’s Business Segments

The company has four verticals

• Stainless Steel Wires – India’s largest producer by volume; used in consumer durables, hardware, automotive, agriculture, and engineering.

• High Carbon Steel Wires – Strength and durability for springs, tools, automotive, and infrastructure.

• Mild Steel Galvanised Wires – Low-carbon steel wires with applications in power transmission, fencing, poultry, and construction.

• Speciality Wires – Tyre Bead Wire, Hose Wire, and Steel Tyre Cord; positioned as high-margin, future-focussed offerings.

Bansal Wire Industries Limited Key Management

• Arun Gupta – Chairman and Whole Time Director

• Pranav Bansal – Managing Director & Chief Executive Officer

• Umesh Kumar Gupta – Whole Time Director & Chief Operating Officer

• CA Ghanshyam Das Gujrati – Chief Financial Officer

• Sumit Gupta – Company Secretary & Compliance Officer

Latest Updates on Bansal Wire Industries Limited

FY 2024-25 was transformative for the company. Major achievements included:

• IPO and Listing – Successfully listed on NSE and BSE, significantly reducing leverage and strengthening the capital structure.

• Dadri Facility – Commissioned India’s largest single-location steel wire facility, expanding total installed capacity to 559,000 tonnes.

• Speciality Wires – Initiated pilot production of steel tyre cord and commenced commercial production of tyre bead wire and hose wire.

• Expansion Plans – Announced Rs 250 crore investment for a 90,000-tonne steel wire facility at Sanand, Gujarat, with phased commissioning by FY 2027.

• Consolidation – Integrated operations of group entities, including Balaji Wires Pvt. Ltd. and Bansal High Carbons Pvt. Ltd., and acquired 100% of Bansal Steel & Power Ltd.