Jagdamba Steels

What Jagdamba Steels does

Jagdamba Steels is Nepal's largest steel manufacturer and a subsidiary of the Shanker Group, operating a 3,000 metric-ton-per-day rolling mill at its production complex in the Simra–Pathalaiya industrial corridor, with corporate headquarters in Kathmandu. Founded in 1994, the company produces a comprehensive range of steel products across four lines: TMT rebars (including the earthquake-resistant Jagdamba E in Fe 500 and Rhino 500D in Fe 500D grades), structural products (MS angles, channels, rounds, flats, beams), wire and allied products (galvanized wire, gabion boxes, H.B. wires, barbed wire, binding wire, nails), and cold-rolled/CRM products including the newly added Jagdamba Galva+ aluminum-zinc coated sheet and Jagdamba Super Shine color-coated sheet, both produced on Nepal's first fully automated advanced Galvalume line with combined capacity of 242,000 tons per annum.

The company operates a hybrid go-to-market model combining direct enterprise sales for large government and infrastructure projects (including marquee wins such as Upper Tamakoshi hydropower, Kathmandu-Terai Fast Track, Hilton and Marriott Kathmandu, and Nepal Rastra Bank) with a distributed retail channel of more than 1,500 dealers and outlets across Nepal. Pricing is quote-based and not publicly disclosed; sales executives engage enterprise customers directly through a website inquiry workflow, while fabricator loyalty schemes and dealer margins drive volume pull-through. The company claims greater than 30% market share of Nepal's steel market and has begun exporting Galvalume and coated steel products to Romania, UAE, South Africa, the United States, Italy, Myanmar, and India, making it the first Nepali manufacturer to initiate third-country steel exports. Jagdamba Steels has applied to Nepal's Securities Board (SEBON) for an Initial Public Offering in February 2026, signaling its first move to access public equity capital. Revenue figures are not publicly disclosed in the available material.

Name

Jagdamba Steels

Legal name

Jagdamba Steels Limited

Website

https://jagdambasteels.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Jagdamba Steels is Nepal's largest steel manufacturer, producing TMT rebars, structural steel, wire products, and coated steel sheets from a 3,000 MT/day mill in Simra–Pathalaiya. It serves government infrastructure, hydropower, hospitality, healthcare, and residential construction customers across Nepal and exports to seven overseas markets.

Ownership category

akta.pro rank

Product category

Steel Manufacturing

NAICS

Sheet Metal Work Manufacturing (332322), Spring and Wire Product Manufacturing (3326)

SIC

Sheet Metal Work (3444)

akta.pro primary industry

Hot Rolling & Primary Mills (Plate, Hot-Rolled Coil/Sheet, Strip) (IMAKABAE)

akta.pro secondary industries

Coated & Plated Steel (Galvanized, Galvalume, Tinplate, Electrogalvanized, Color-Coated) (IMAKABAG), Steel Products Trading & Service Centers (Flat, Long, Pipe & Tube, Rebar) (IMAKAJAB)

Keywords

• TMT rebar manufacturing
• Structural steel products
• Galvalume coated sheets
• Construction steel supply
• Wire products manufacturing

Headquarters

HQ city

Kathmandu

HQ country

Nepal

HQ region

Asia

Offices2 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. Steel Products Manufacturing and Sales: Primary revenue stream from manufacturing and selling a comprehensive range of steel products including TMT Rebars (Jagdamba E, Rhino 500D), Structural products (MS Angles, Channels, Rounds, Flats, Beams), Wire products (Galvanized Wire, Gabion Box, H.B. Wires, Barbed Wire, Binding Wire, Nails), and CRM products (HR Coils/Sheets/Plates, CR Coils/Sheet, MS Black Pipe, Shutter Profiles). Products are sold through dealer network and direct sales.
2. IPO Capital Raise: Jagdamba Steels is in the process of issuing an IPO (Initial Public Offering) at premium prices through Nepal's Securities Board (SEBON) to raise capital from public markets.
3. Export Revenue: Export of steel products including Jagdamba Super Shine and Galva+ to international markets including Romania, UAE, South Africa, North America, Italy, and Myanmar. Nepal's first domestic manufacturer to initiate third-country exports.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Jagdamba Steels manufactures and distributes a comprehensive range of steel products in Nepal, organized into four categories: TMT Rebars (Jagdamba E earthquake-resistant Fe 500 and Rhino 500D Fe 500D), Structural products (MS Angles, Channels, Rounds, Flats, Beams), Wires & Allied products (Galvanized Wire, Gabion Box, H.B. Wires, Barbed Wire, Binding Wire, Nails/Panel Pins), and CRM products (HR/CR Coils/Sheets/Plates, Chequered Coils/Plates, MS Black Pipe, Shutter Profiles, Jagdamba Galva+ Al-Zn coated sheets, and Jagdamba Super Shine color-coated sheets). The company operates a 3,000 MT/day TMT rolling mill and Nepal's first fully automated Galvalume line, selling primarily to construction contractors, government infrastructure projects, hydropower developers, hospitals, and through a network of 1,500+ retail outlets.

Product overview

Jagdamba Steels is Nepal's largest steel manufacturer and one of the biggest steel factories in South Asia. The company offers a comprehensive portfolio of steel products organized into four main categories: TMT Rebars (Jagdamba E and Rhino 500D earthquake-resistant rebars), Structural products (MS Angles, Channels, Rounds, Flats, and Beams), Wires & Allies (Galvanized Wire, Gabion Box, H.B. Wires, Barbed Wire, Binding Wire, Nails/Panel Pins), and CRM products (HR Coils/Sheets/Plates, Chequered Coils/Plates, CR Coils/Sheet, Jagdamba Galva+, Jagdamba Super Shine, MS Black Pipe, Shutter Profile & Shutter Guide). With a daily rolling mill capacity of 3,000 MT, the company has achieved over 30% market share in Nepal and has expanded exports to third countries including Romania, UAE, South Africa, North America, Italy, and Myanmar.

Differentiator

Problem solved

Functional benefit

Brands

• Jagdamba E: Fe 500 Grade Earthquake Resistant Steel Rebar - first and only of its kind in Nepal, specially made for earthquake resistant constructions.
• Rhino 500D
• Jagdamba Galva+
• Jagdamba Super Shine

Products and services

• Jagdamba E

Quantifiable outcome

• 30%+ market share in Nepal's steel market
• +7 more outcomes

Named customers11 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• Infinity FoundationminorStrategic or Co-development Partner · 1 January 2021Partnership with Infinity Foundation for CSR initiatives, including installation of oxygen plant at Seti Provincial Hospital, Dhangadi. Jagdamba Steels provided the oxygen plant equipment as part of their community health initiative during the COVID-19 pandemic.

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Regional players

• Kamdhenu Limited: India-based TMT bar and structural steel brand marketed through a franchise/dealer model similar to Jagdamba's >1,500 outlet network; comparable go-to-market and product mix for rebar and structural.
• Shyam Steel: Indian TMT rebar and structural steel brand focused on eastern and northern India, directly comparable to Jagdamba's earthquake-resistant rebar positioning and a likely cross-border competitor in Nepal.

Direct peers

• Tata BlueScope Steel: Joint venture producing coated and color-coated steel sheets (Al-Zn and paint-coated) for roofing and cladding; the closest international direct competitor to Jagdamba's Galva+ and Super Shine coated-sheet lines.
• Hulas Steel Industries: Hulas Steel is one of Nepal's largest competing integrated steel producers, manufacturing TMT bars, MS billets, wire products and structural steel for the same construction, government and hydropower customers that Jagdamba serves.

Broad incumbents

• Tata Steel Limited: India-headquartered global steel major with TMT rebar (Tata Tiscon), structural, wire and coated-steel products; competes with Jagdamba on cross-border India-Nepal supply and provides benchmark pricing for the regional steel market.
• JSW Steel Limited: One of India's largest integrated steel producers with broad TMT rebar, hot-rolled, coated and structural product lines; competes with Jagdamba on Indian imports flowing into Nepal and is a relevant cost-curve benchmark.
• Nucor Corporation: Largest U.S. steel producer and a benchmark for EAF-based rebar, structural and coated-sheet production; relevant comparator given Jagdamba's exports into North America and pursuit of operational efficiency benchmarks.
• ArcelorMittal: World's largest steelmaker with global footprint across long products, flat products and coated steel; relevant competitor and benchmark for international pricing that informs Jagdamba's third-country export economics.
• SAIL (Steel Authority of India Limited): Indian state-owned integrated steel producer with long products, structurals and billets; a key regional supply source that competes with Jagdamba on price and availability in Nepal's open-border market.
• Jindal Steel and Power: Major Indian producer of structural steel, rails, plates and rebar with growing coated-steel capabilities; relevant competitor for large-infrastructure and government-project supply that Jagdamba also targets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/jagdambasteels
• Facebookfacebook.com/jagdambasteels

Compliance13 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Jagdamba Steels