About Bhagyanagar India Limited

Bhagyanagar India Limited (BIL) is a Hyderabad-headquartered copper products manufacturer established in 1985 by Late Shri G.M. Surana. With nearly four decades of operations, it is among India’s oldest and most respected copper manufacturers, serving over 500 customers with installed capacity of 30,000 MT. The company’s core is precision copper products—rods, strips, pipes, busbars and sheets—supplied primarily to OEMs across sectors such as power, automotive, electrical equipment and electronics. Its portfolio extends to enamelled wires and strips, copper foils and sheets for PCBs and heat exchangers, CTC and paper-insulated conductors for transformers, and tinned/silver-plated bus bars for switchgear and other power applications.

BIL operates two state-of-the-art, ISO-certified manufacturing facilities in Hyderabad. The fully integrated, semi-automatic set-up minimises human contact with copper to ensure precision and quality; notably, its Outokumpu Copper Continuous Upcast installation from Finland was among the first in India. The company’s quality culture is underpinned by an integrated Quality and Environmental Management System aligned to ISO standards.

Bhagyanagar India Limited Geographical Presence 

Geographically, BIL serves customers across India and exports to key markets including China, the United Kingdom, the United States of America, Nepal, Oman and Saudi Arabia. The company has one subsidiary (wholly owned), which is engaged in copper manufacturing; there has been no material change in the nature of its business.

Key milestones of Bhagyanagar India Limited

Key milestones include a strategic transition from commodity products to value-added offerings over the years, reflected in the rising share of value-added products in sales. In addition, a slump sale of the copper business from Bhagyanagar India Limited to its wholly owned subsidiary was executed with effect from January 1, 2024, following board approval on August 25, 2023 and shareholders’ approval on September 27, 2023. The company scheduled its 40th Annual General Meeting for September 30, 2025, underscoring its four-decade legacy.

Bhagyanagar India Limited Business Segments

Product mix (FY 2024-25): Other Value-Added Products 55.07%; Commodity Products 44.93%. The share of value-added products has been rising year on year, evidencing the strategic shift towards higher-margin offerings.

Bhagyanagar India Limited Key Management

• Devendra Surana – Managing Director
• N. C. Bhardwaj – Whole-time Director
• Surendra Bhutoria – Chief Financial Officer
• Ritika Tandon – Company Secretary

Latest Updates on Bhagyanagar India Limited

• Strategic reorganisation: The copper business was transferred via slump sale to the company’s wholly owned subsidiary, effective January 1, 2024, to strengthen focus and scale. This followed board approval on August 25, 2023 and shareholder approval on September 27, 2023.
• Product portfolio evolution: Value-added offerings continued to gain share, reaching 55.07% of sales in FY 2024-25, compared to 39.64% in FY 2023-24 and 26.20% in FY 2022-23, highlighting deeper traction with OEM customers across sectors such as automobiles, electrical switchgear and heaters.
• Credit rating: In May 2024, CRISIL Ratings Limited assigned ratings of CRISIL BBB to the company’s long-term and short-term bank facilities, reflecting its credit profile and financial discipline.
• Operational footprint and capabilities: Two ISO-certified facilities in Hyderabad, featuring a semi-automatic, integrated set-up and an Outokumpu Copper Continuous Upcast installation, continue to anchor quality and delivery commitments to domestic and international customers.