About Sarthak Metals Limited

Sarthak Metals Limited (SML) is a Bhilai, Chhattisgarh–based metallurgical solutions company serving leading steelmakers in India and overseas. Its principal operations include the manufacture and export of cored wires and aluminium flipping coils, complemented by advanced wire injection systems that enable precise alloying and process control in steelmaking. The company is ISO 9001:2015 certified and leverages its location in India’s steel heartland for efficient logistics and close customer proximity. SML’s installed capacities include 10,000 TPA for cored wires, 15,000 TPA for aluminium flipping coils, and 3,600 TPA for flux cored wires (FCW). It has served 125+ customers across 15+ countries, supported by a 145-strong workforce and a five-member R&D team; the balance sheet is debt-free. SML operates three state-of-the-art plants in Bhilai spanning a cumulative area of about 4,50,000 sq. ft., designed for scalability across cored wires, aluminium flipping coils and FCWs.

Founded in 1995 as Sarthak Metals Marketing Private Limited, the company entered cored wire manufacturing in 2002 and diversified into aluminium flipping coils in 2008. It introduced cored wire injection systems in 2012; rebranded as Sarthak Metals Private Limited in 2016; listed via IPO on the BSE SME Exchange in 2017; commenced aluminium wire rod production (backward integration) in 2018; migrated to the mainboards of BSE and NSE in November 2021; and launched flux cored wires in FY23. In FY25, SML tripled its FCW capacity to 3,600 TPA. As per the Directors’ Report, the company has no subsidiaries, joint ventures, or associates (number of subsidiaries: 0).

Key Milestones of Sarthak Metals Limited

• 1995 – Incorporated as Sarthak Metals Marketing Private Limited.
• 2002 – Diversified into cored wire manufacturing for the steel industry.
• 2008 – Commenced production of aluminium flipping coils.
• 2012 – Introduced wire injection systems for molten steel treatment.
• 2016 – Rebranded as Sarthak Metals Private Limited.
• 2017 – Listed on BSE SME Exchange through an Initial Public Offering.
• 2018 – Backward integration through aluminium wire rod production.
• 2021 – Migrated to the mainboards of BSE and NSE in November 2021.
• 2023 – Launched flux cored wires for welding consumables market.
• 2025 – Tripled flux cored wire capacity from 1,200 TPA to 3,600 TPA.

Sarthak Metals Limited Business Verticals and Geographical Revenue Mix 

Products and Services:

• Cored wires (alloy/chemical additions for steel refining).
• Aluminium flipping coils.
• Wire injection systems for molten steel injection.
• Flux cored wires for industrial and heavy-duty welding applications.

Geographical Revenue Mix (FY 2024–25):

• India – 82.3% of total revenue.
• International Markets – 17.7% of total revenue.

The company reports a single operating segment, Cored Wire, as determined by the Chief Operating Decision Makers. Sarthak Metals Limited focuses on providing metallurgical consumables and solutions to steelmaking and welding industries, backed by ISO-certified manufacturing standards, in-house engineering capabilities, and a debt-free balance sheet. The company’s strategic location in Bhilai, Chhattisgarh, provides proximity to major steel hubs, enabling competitive logistics and efficient customer servicing.

Sarthak Metals Limited Key Management

• Sunil Kumar Agarwal – Chairman (Non-Independent, Non-Executive Professional Director)
• Anoop Kumar Bansal – Managing Director
• Mayur Bhatt – Whole-Time Director and Chief Executive Officer
• Sanjay Chamanlal Shah – Whole-Time Director
• Anirudh Singhal – Chief Financial Officer
• Pratik Jain – Company Secretary and Compliance Officer

Latest Updates on Sarthak Metals Limited

• Capacity expansion: In FY25, SML scaled its Flux Cored Wire capacity from 1,200 TPA to 3,600 TPA to meet rising market demand, strengthening its push into welding consumables beyond core metallurgy.
• Certifications and approvals: The FCW portfolio is supported by key certifications and vendor approvals, including CE certification and a Boiler and Pressure Vessel Certificate, aligning the product with global standards and institutional procurement requirements.
• Manufacturing footprint: SML operates three modern facilities in Bhilai with integrated in-house engineering. The plants collectively cover approximately 4,50,000 sq. ft., with dedicated space for future expansion across all product lines.
• Financial posture: The company highlights a debt-free balance sheet for FY25 in its key performance indicators.