What Veeyes does

Veeyes Alloys Private Limited, branded as VEEYES, is a privately held, family-owned Indian steel foundry and vertically integrated industrial valve manufacturer headquartered in Coimbatore, Tamil Nadu. Founded in 1991 by Mr. A. Shanmugam, the company has grown across six plants in the Coimbatore cluster (three foundries, two machine shops, and one assembly division) into a workforce of 1,000+ employees with combined casting capacity of approximately 8,000 metric tons per annum. Its core business is the manufacture and supply of Carbon Steel, Alloy Steel, Stainless Steel, Duplex Stainless Steel, and Nickel-base alloy castings in both machined and un-machined conditions for industrial valves and pumps.

The company's product range spans the full value chain: castings and machined components for Gate, Globe, Check, Ball, Control, Butterfly, Safety Relief, and Plug valves across ANSI Class 150 to 2500 ratings, plus fully assembled finished valves from its API 6D Monogram-licensed Assembly Division. Technical operations use sand casting, centrifugal (horizontal and vertical spin) casting, 5-axis universal machining (TREVISAN DS450/DS600), CNC turning, and in-house NDT including Iridium-192 and Cobalt-60 radiography, ultrasonic, magnetic particle, dye penetrant, and PMI testing. Casting process control uses MAGMA 6.0 solidification simulation; design uses SOLIDWORKS and AUTOCAD; dimensional inspection uses a Carl Zeiss CONTURA G2 CMM.

Veeyes sells directly to global industrial OEMs in Oil & Gas, Marine, Mining, Petro-chemical, Paper & Pulp, and Nuclear industries. Named enterprise customers include Velan, Valmet, and Baker Hughes, with marine and offshore qualification under DNV-GL, Lloyds Register, RINA, Bureau Veritas, ABS, and NORSOK. The company holds a broad certification stack, including ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, ISO 3834-2, PED, IBR, and AD 2000-Merkblatt WO, and in 2024 achieved a CDP 'B' score with third-party-verified Scope 1 and Scope 2 GHG data. Pricing is quote-based on materials, specifications, certifications, and volume, with no public price disclosures. The company is wholly family-owned, with second-generation directors Mr. Ezhilan Shanmugam (Managing Director) and Mr. Suresh Shanmugam (Director) joining the board in 2000.

Name

Veeyes

Legal name

Veeyes Alloys Private Limited

Website

https://veeyes.co.in

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

11–50 employees

Short description

Veeyes Alloys Private Limited is a privately held, family-owned Indian manufacturer of carbon, alloy, stainless, and duplex stainless steel castings and fully assembled industrial valves, serving global Oil & Gas, Marine, Mining, Petro-chemical, Paper & Pulp, and Nuclear OEMs from six Coimbatore plants.

Ownership category

akta.pro rank

Product category

Steel Castings & Industrial Valve Components

NAICS

Iron and Steel Mills and Ferroalloy Manufacturing (331110)

SIC

Steel Works, Blast Furnaces & Rolling & Finishing Mills (3310)

akta.pro primary industry

Steel Plate, Sections & Welded Assemblies (IMADACAD)

akta.pro secondary industry

Specialty & Alloy Steel (Stainless, Tool Steel, Electrical Steel, High-Strength/HSLA) (IMAKABAJ)

Keywords

• Steel castings manufacturing
• Industrial valve components
• Foundry machining services
• Alloy steel castings
• Valve assembly manufacturing

Headquarters

HQ city

Coimbatore

HQ country

India

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Steel Castings Sales: Manufacture and supply of Carbon Steel, Alloy Steel, Stainless Steel, Duplex Stainless steel and Nickel base alloy castings in machined and un-machined conditions for industrial valves and pumps. Products include Gate Valves, Globe Valves, Check Valves, Ball Valves, Control Valves, Butterfly Valves, Safety Relief Valves, and Plug Valves.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Veeyes manufactures and supplies carbon steel, alloy steel, stainless steel, duplex stainless steel, and nickel-base alloy castings in machined and un-machined conditions, along with fully assembled industrial valves (Gate, Globe, Check, Ball, Butterfly, Plug, Safety Relief) for OEM customers in Oil & Gas, Marine, Mining, Petro-chemical, Paper & Pulp, and Nuclear industries. Production is vertically integrated across three foundry plants, two machine shops, and one assembly division in Coimbatore, India.

Product overview

Veeyes Alloys Private Limited is a steel casting foundry that operates as a vertically integrated manufacturing company with three interconnected divisions: Foundry (steel castings production), Machine Shop (precision finishing), and Assembly Shop (complete valve assembly). The Foundry division produces Carbon Steel, Alloy Steel, Stainless Steel, Duplex Stainless Steel, and Nickel Base Alloy castings at three plants with 8,600 tonnes per annum capacity. The Machine Shop division machines these castings using advanced CNC equipment including Trevisan 5-axis machining centers and Mazak horizontal machining centers. The Assembly Shop completes the value chain by assembling finished industrial valves. The company serves Oil & Gas, Marine, Mining, Petro-chemical, and Paper & Pulp industries, manufacturing valve components across all major valve types including Gate, Globe, Check, Ball, Butterfly, Plug, and Safety Relief valves, with pressure ratings from ANSI Class 150 to 2500.

Differentiator

Problem solved

Functional benefit

Products and services

• Foundry (Steel Castings) Manufacture and supply of carbon steel, alloy steel, stainless steel, duplex stainless steel, and nickel-base alloy castings in machined and un-machined conditions for industrial valve and pump OEMs. Operated across three foundry plants with combined capacity of 8,000 metric tons per annum.
• Machine Shop Precision CNC machining services for castings manufactured at VEEYES foundries, including 5-axis universal machining, hydro testing, and coordinate measuring. Spread over 8,720 sq.meters with built-up area of 3,500 sq.meters, serving industrial valve and pump component finishing requirements.
• Assembly Shop Complete design, manufacturing, and assembly of industrial valves including Gate, Globe, Check, and Ball valves under API 6D Monogram certification, completing the vertical integration from raw casting to tested, assembled valve product.

Quantifiable outcome

• Production capacity of 8000 MT per annum of castings
• +2 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators8 records

Recent moves12 records

Expansion highlights5 records

Broad incumbents

• Flowserve Corporation: Flowserve is a global leader in pumps, valves, seals, and flow control automation with in-house casting capabilities. As a major OEM buyer of industrial castings and operator of competing foundries, Flowserve is a broad incumbent peer and a potential customer/competitor to Veeyes.
• Crane Co. Crane Co. is a diversified US industrial manufacturer with a significant process flow solutions segment including engineered valves and fluid handling equipment. As a large OEM in the same valve/pump end markets Veeyes serves, it is a broad incumbent peer for demand benchmarking.
• Bharat Forge Ltd: Bharat Forge is India's largest forging and casting company serving automotive, oil & gas, marine, and industrial customers globally. Its scale, vertical integration, and exposure to industrial valve/pump components make it a broad incumbent peer, though materially larger and more diversified than Veeyes.
• Velan Inc. Velan is a Canadian manufacturer of industrial valves serving oil & gas, power, chemical, and marine industries. Velan is both a current customer of Veeyes (per the data) and a broader industrial valve OEM, making it a relevant incumbent peer for benchmarking OEM casting sourcing strategies.

Direct peers

• Nelcast Limited: Nelcast is one of India's largest iron and steel foundries producing carbon steel, alloy steel, and stainless steel castings for industrial valves, pumps, automotive, and railways. Closest direct peer to Veeyes given similar materials, products, Indian manufacturing base, and global OEM customer mix.
• Texmaco Rail & Engineering Ltd: Texmaco is an Indian engineering company with steel foundry and heavy engineering operations serving rail, industrial, and infrastructure customers. Comparable to Veeyes in steel casting capabilities and Indian manufacturing base, with overlapping industrial customer base.
• AIA Engineering Ltd: AIA Engineering is an Indian manufacturer of high-chrome cast grinding media and industrial castings for mining, cement, and power industries. Comparable to Veeyes in industrial casting focus, Indian manufacturing footprint, and supply to global heavy-industrial OEM customers.
• Castings PLC: Castings PLC is a UK-listed iron foundry producing high-quality iron castings for industrial customers. As a publicly listed foundry comparable to Veeyes in product category and customer-facing industrial markets, it serves as a relevant valuation and operational benchmark peer.
• Investment & Precision Castings Ltd: IPCL is an Indian manufacturer of investment and precision cast components serving industrial valve, pump, and engineering customers globally. Overlap with Veeyes in stainless/alloy steel materials and industrial valve/pump end markets makes it a directly comparable peer.
• Metaltek International: Metaltek International is a US-based metal casting company producing steel, stainless steel, and specialty alloy castings for industrial valve, pump, and engineering customers. Comparable to Veeyes in materials, end markets, and customer base (Western industrial OEMs).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/veeyes-engineering---india

Compliance14 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 Veeyes