Rashmi Group

What Rashmi Group does

Rashmi Group is a privately-held Indian industrial conglomerate founded in 1966 and headquartered in Kolkata, West Bengal. The group operates as a fully integrated manufacturer across Iron & Steel, Cement, Power Generation, Ferro Alloys, Aluminium, and Mining, with 9.6 MTPA of iron & steel capacity (targeting 13 MTPA by FY 2027-28), 1,171 MW of power generation, 1.9 MTPA of cement capacity, and 5 captive coal mines with approximately 550 million tonnes of reserves across West Bengal and Jharkhand. The flagship subsidiary, Rashmi Metaliks Ltd, anchors an integrated value chain spanning iron ore beneficiation, pellets, sinter, sponge iron, pig iron, billets, TMT bars, wire rods, and ductile iron pipes. Rashmi Group claims to be the world's second-largest ductile iron pipe manufacturer (770,000 MT annual capacity) and one of India's largest pellet exporters (FY 2021-22). Other operating subsidiaries include Rashmi Cement Ltd, Reach Dredging Ltd, Orissa Metaliks Pvt. Ltd., Metenere Ltd (aluminium), and Ind Bharat Thermal Power Ltd, alongside recently acquired entities such as Badrinarain Alloys Steels Ltd and Pratibha Industries.

The group operates a B2B and B2G go-to-market model, selling directly to government agencies, civil contractors, real estate developers, water supply and sewage authorities, and industrial customers across India and international markets including China, Southeast Asia, GCC, and Africa. End-use segments span infrastructure construction (TMT bars for flyovers, dams, bridges), municipal water supply (DI pipes), automotive and machine tools (pig iron, billets), and merchant exports of iron ore fines and pellets. Logistics is supported by 4 captive railway sidings and 39 GPWIS rakes, providing structural cost advantage on outbound freight.

Rashmi Group generated turnover of ₹41,393 Crore in FY 2024-25 with a net worth of ₹26,791 Crore and a CRISIL AA/Stable credit rating. The Patwari family (Sajjan Kumar Patwari as Chairman with sons Sunil, Sanjib, and Sanjay Kumar Patwari) controls the group, which has expanded capacity and revenue approximately 9x and 19x respectively over the past decade, largely funded through internal accruals. The group has signed MoUs totalling over ₹61,500 crore across West Bengal, Telangana, Uttar Pradesh, and Nigeria over 2025-2026, signaling an aggressive multi-jurisdiction capex program.

Name

Rashmi Group

Legal name

Rashmi Group

Website

https://rashmigroup.com

Company type

Private

Founded year

1966

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Rashmi Group is a privately-held, Kolkata-headquartered Indian industrial conglomerate operating as a fully integrated manufacturer across iron & steel (9.6 MTPA), cement, power generation (1,171 MW), ferro alloys, aluminium, and mining, serving government infrastructure, water utilities, construction, and export markets.

Ownership category

akta.pro rank

Product category

Integrated Steel Manufacturing

NAICS

Iron and Steel Mills and Ferroalloy Manufacturing (3311), Iron and Steel Mills and Ferroalloy Manufacturing (33111), Ferrous Metal Foundries (33151), Metal Service Centers and Other Metal Merchant Wholesalers (423510)

SIC

Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) (3312), Primary Smelting & Refining Of Nonferrous Metals (3330), Wholesale-Metals & Minerals (No Petroleum) (5050), Miscellaneous Metal Ores (1090)

akta.pro primary industry

Metal Melting & Secondary Smelting/Refining (Recycled Feedstock Producers) (EUAIAJAJ)

akta.pro secondary industries

Ferrous Metals Trading & Distribution (Iron Ore, Pig Iron, DRI/HBI, Ferroalloys) (IMAKAJAA), Refractory & Metallurgical Consumables Distribution (Fluxes, electrodes, refractories) (IMAKAJAM), Non-Ferrous Scrap Processing & Brokerage (Aluminum, Copper, Brass/Bronze, Lead, Zinc, Nickel) (IMAKAMAB)

Keywords

• Integrated steel manufacturing
• Ductile iron pipes
• Iron ore pellets
• Ferro alloys production
• Cement manufacturing

Headquarters

HQ city

Kolkata

HQ country

India

HQ region

Asia

Offices14 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Iron & Steel Products: Manufacturing and sale of integrated steel products including Pellets, Sinter, Pig Iron, Sponge Iron, Billets, TMT Bars, Wire Rods, Ductile Iron Pipes. Core revenue driver.
2. Cement Products: Portland Slag Cement, Ordinary Portland Cement, Supremo, Portland Pozzolana Cement. Manufacturing facilities at Jhargram, West Bengal.
3. Power Generation: Captive power generation supporting industrial operations along with Thermal Power Plant. 1,171 MW total capacity.
4. Ferro Alloys: Production of Ferro Manganese, Silico Manganese, Ferro Chrome. Total capacity 84,000 TPA.
5. Mining Operations: Coal mining operations across West Bengal and Jharkhand. 5 captive coal mines with coal reserves exceeding 550 million tonnes.
6. Exports: Export of Iron Ore Fines to China and other South East Asian countries. One of India's largest pellet exporters.
7. Aluminium: Acquired Metenere Ltd for aluminum FRP & Foil Products including Lead & Alloy ingot manufacturing.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Rashmi Group is a fully integrated industrial conglomerate that manufactures and supplies iron and steel products across the entire value chain—from iron ore pellets, sinter, sponge iron, pig iron to billets, TMT bars, wire rods, and ductile iron pipes. The group also manufactures cement products (PSC, OPC, PPC, Supremo), ferro alloys (ferro manganese, silico manganese, ferro chrome), aluminium products, and operates captive power generation and coal mining. It is the world's 2nd largest ductile iron pipe manufacturer with 770,000 MT annual capacity.

Product overview

Rashmi Group is a diversified industrial conglomerate headquartered in Kolkata, India, operating as a fully integrated manufacturing powerhouse across Iron & Steel, Cement, Power, Ferro Alloys, Aluminium, and Mining sectors. The company's product portfolio centers on an integrated steel manufacturing ecosystem spanning the entire value chain—from iron ore pellets, sinter, sponge iron, and pig iron to finished products including billets, TMT bars, wire rods, and ductile iron pipes. The Group also produces cement products (PSC, OPC, PPC, Supremo), ferro alloys (FeMn, SiMn, FeCr), and provides dredging services. Major subsidiaries include Rashmi Metaliks Ltd (flagship steel company), Rashmi Cement Ltd, and Reach Dredging Ltd. The Group operates with 9.6 MTPA Iron & Steel capacity, 1,171 MW power generation, 1.9 MTPA cement capacity, and 5 captive coal mines.

Differentiator

Problem solved

Functional benefit

Brands

• Supremo: Premium cement product for building stronger and longer-lasting roofs and foundations
• Rashmi TMT

Products and services

• TMT Bars Thermo-Mechanically Treated construction reinforcement bars available in grades Fe 415, Fe 415D, Fe 500, Fe 500D, and Fe 550 EQCR, sold to government agencies, civil contractors, and real estate developers for flyovers, dams, bridges, residential and commercial construction.
• Ductile Iron Pipes Ductile Iron Pipes for water supply and pressure sewage application, produced as per IS 8329:2000 standards with 420 MPa min tensile strength. Rashmi Group is the world's second largest DI pipe manufacturer with 770,000 MT annual capacity.
• Steel Billets Steel billets produced from Steel Melting Shop with 1.6 MTPA capacity, meeting IS: 2830 and 2831 standards for industrial and commercial applications.
• Sponge Iron Direct Reduced Iron produced in rotary kilns at Jhargram and Kharagpur facilities with 3.19 MTPA capacity. Rashmi Group is the largest manufacturer of Sponge Iron in the eastern India region.
• Sinter Sintered iron ore produced from Sinter Plant used as raw material in blast furnace for steel production.
• Iron Ore Pellets Iron ore pellets with 9 MTPA capacity. Rashmi Group was the first to set up a Pellet Plant in West Bengal and is one of the largest pellet players in eastern India, also being India's largest pellet exporter (FY 2021-22).
• Pig Iron Blast furnace pig iron with 630,000 TPA capacity produced at Kharagpur facility, available in low sulphur and low phosphorus grades for ductile grade castings, rolling mill rolls, gears, machine tools, crankshafts, and automobile engine blocks.
• Cement Cement products including Superior Portland Slag Cement (PSC), Ordinary Portland Cement (OPC), Supremo premium cement, and Portland Pozzolana Cement (PPC) with 1.9 MTPA manufacturing capacity at Jhargram, West Bengal. ISO 9001 certified by DNV of Netherlands.
• Wire Rods Steel wire rods in diameters 5.5mm to 25mm, available in all AISI 200, 300 and 400 series grades for applications including fasteners, bolts, screws, and automobile parts.
• Ferro Alloys Ferro alloys including High Carbon Ferro Manganese (HC FeMn), Silico Manganese (SiMn), and High Carbon Ferro Chrome (FeCr) with 84,000 TPA capacity from 9 MVA submerged ARC furnaces producing precise chemical compositions.
• Dredging Services Dredging services for dams, ponds, lakes, rivers, harbors, and beaches, provided through Reach Dredging Ltd with full turnkey service from consultation to execution, serving complex infrastructure projects.
• Iron Ore Beneficiation Iron ore processing to upgrade low-grade iron ores that cannot be used directly in blast furnaces, converting them into usable materials for steel production.
• Power Generation Captive and independent power generation with 1,171 MW total capacity supporting industrial operations through thermal power plants, expanded from an initial 36 MW capacity.

Quantifiable outcome

• Revenue of ₹41,393 Crore (FY 2024-25)
• +5 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered flagship and core.

• West Bengal GovernmentflagshipStrategic or Co-development Partner · 29 May 2026Rashmi Group announced ₹35,000 crore investment plan in West Bengal across steel, power and mining sectors - ₹30,000 crore for iron and steel capacity expansion by 7 MTPA and ₹5,000 crore for three coal mines in Birbhum and Paschim Bardhaman districts. Already invested ₹25,000 crore in the state.
• Government of Nigeria (Ministry of Steel Development)flagshipStrategic or Co-development Partner · 14 April 2026$1 billion (approximately ₹8,500 crore) investment commitment from Rashmi Metaliks Group signed in Kolkata by Nigeria's Minister of Steel Development Prince Shuaibu Abubakar Audu. Deal adds to over $2.2 billion in total FDI in Nigeria's steel sector under President Bola Tinubu's reform agenda.
• Uttar Pradesh GovernmentcoreStrategic or Co-development Partner · 22 January 2026Rashmi Metallurgical signed ₹4,000 crore MoU for integrated steel plant development as part of Uttar Pradesh's green energy and steel investments at WEF 2026 Davos. Finance Minister Suresh Kumar Khanna led the state delegation.
• Telangana GovernmentflagshipStrategic or Co-development Partner · 21 January 2026Rashmi Group signed MoU with Telangana government at World Economic Forum 2026 in Davos to invest ₹12,500 crore in a steel plant, with potential to generate 12,000 direct and indirect jobs. Investment part of Telangana's 'Telangana Rising 2047' vision.

Scale indicators17 records

Recent moves12 records

Expansion highlights7 records

Broad incumbents

• Tata Steel: Tata Steel is India's largest integrated steel producer with blast furnaces, rolling mills, and DI pipes through Tata Metaliks. Competes with Rashmi across the steel value chain but at substantially larger scale and with global operations.
• Shree Cement: Shree Cement is one of India's largest cement manufacturers with pan-India operations. Comparable to Rashmi Cement Ltd in product mix (OPC, PPC, PSC) and overlapping customer base of contractors and infrastructure developers.
• JSW Steel: JSW Steel is India's largest private sector integrated steel producer with a much broader product portfolio. Overlaps with Rashmi in TMT bars, wire rods, and billets, but operates at significantly larger scale with nationwide presence.
• Vedanta: Vedanta is a diversified metals and mining conglomerate with operations across aluminium, zinc, lead, silver, and steel. Comparable to Rashmi's diversification strategy across metals (aluminium through Metenere, steel, mining) at much larger scale.
• Jindal Steel & Power: JSPL is an integrated steel producer with captive iron ore and coal mines, similar to Rashmi's vertical integration strategy. Competes in long steel products, plates, and rails but operates at substantially larger scale with mining capabilities.
• NMDC: NMDC is India's largest iron ore producer and a key supplier to domestic steelmakers including Rashmi. Comparable through its mining scale and iron ore pellet operations, though focused on upstream rather than integrated steel.
• Steel Authority of India Limited (SAIL): SAIL is India's largest public sector integrated steel producer with blast furnaces and rolling mills across multiple states. Competes with Rashmi in long steel products (TMT bars, structural) and supplies government infrastructure projects.

Direct peers

• Jindal Saw: Jindal Saw is a leading Indian manufacturer of DI pipes and steel pipes, directly competing with Rashmi's DI pipe business in municipal water supply projects. Similar exposure to infrastructure spending and pipe specifications.
• Tata Metaliks: Tata Metaliks is one of India's largest producers of DI pipes and pig iron, directly competing with Rashmi in the DI pipe segment where Rashmi is the world's #2. Similar product mix and customer base (water utilities, infrastructure) make it the closest comparable.
• Electrosteel Castings: Electrosteel Castings is a pioneer in DI pipe manufacturing in India and one of the established global DI pipe producers. Direct competitor to Rashmi's flagship DI pipe segment with overlapping customer base in water supply authorities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/rashmigroup
• Facebookfacebook.com/rashmigroup
• LinkedInlinkedin.com/company/rashmigroup
• Instagraminstagram.com/rashmigroup

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rashmi Group