Binani Industries

What Binani Industries does

Binani Industries Limited (now BIL Vyapar Limited) was the listed holding entity of the Braj Binani Group, a 150-year-old Indian industrial conglomerate whose roots trace to a metal trading business founded in 1872. The group restructured between 1996 and 2004 and consolidated four industrial verticals under Binani Industries: cement manufacturing (Binani Cement Ltd., with an integrated 6 MTPA facility in Rajasthan, a 3 MTPA integrated plant in China, and a 2 MTPA grinding unit in Dubai); glass fibre production (Goa Glass Fibre Limited domestically and the acquired 3B Binani Glass Fibre business in Belgium and Norway, positioning the group among the top five global glass fibre producers by capacity); zinc smelting (Edayar Zinc Limited, Kerala, with 38 Ktpa capacity plus sulphuric acid and cadmium by-products); and civil/EPC construction (BIL Infratech Ltd., which executed projects worth Rs. 2,000 Cr over eight years). A fifth line — thermoplastic composites — operated through Composite Products Inc. (CPI Binani) in the United States, acquired alongside the 3B deal in 2012. The group's products were commodity industrial inputs sold into construction, automotive, wind energy, and infrastructure end-markets across India, China, Belgium, Norway, the UAE, the USA, and Africa.

The underlying business model was conventional industrial B2B sales of bulk materials and EPC services, with revenue generated through volume-based pricing of cement, glass fibre, zinc and zinc derivatives, and project-based contracts in infrastructure; the holding entity itself did not have a disclosed SaaS, subscription, or platform-based revenue mechanic. As of November 13, 2025, BIL Vyapar Limited (formerly Binani Industries Ltd.) was admitted into Corporate Insolvency Resolution Process (CIRP) by the NCLT Kolkata Bench under the Insolvency and Bankruptcy Code, 2016, with a moratorium in force and a Resolution Professional (currently Ms. Rachna Jhunjhunwala, replacing Mr. Subodh Kumar Aggarwal) overseeing the process. The source data explicitly states that the Cement, Glass Fibre, and Infrastructure businesses have "changed hands," meaning the operating subsidiaries are no longer part of the CIRP estate, leaving the entity as a residual holding company undergoing resolution via Form G invitations for Expression of Interest.

Name

Binani Industries

Legal name

BIL Vyapar Limited (Formerly Binani Industries Limited)

Website

https://binaniindustries.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

101–250 employees

Short description

Binani Industries Limited (now BIL Vyapar Limited) was the holding company of the Braj Binani Group, a 150-year-old Indian conglomerate with global operations in cement, glass fibre, zinc, and infrastructure construction; the entity is currently under Corporate Insolvency Resolution Process initiated in November 2025.

Ownership category

akta.pro rank

Product category

Diversified Industrial Manufacturing

NAICS

Glass and Glass Product Manufacturing (32721), Textile Product Mills (314)

SIC

Broadwoven Fabric Mills, Man Made Fiber & Silk (2221), Plastics Products, Nec (3089)

akta.pro primary industry

Textiles, Fabrics, Trims & Components Suppliers (CRAAAAAL)

Keywords

• Cement manufacturing
• Glass fibre production
• Zinc manufacturing
• Infrastructure construction
• Thermoplastic composites

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel

Core offering

Binani Industries Limited served as the holding company for the Braj Binani Group's diversified industrial operations, manufacturing and selling cement, glass fibre, zinc, and thermoplastic composites through wholly-owned subsidiaries, and providing civil construction and EPC services. The portfolio spanned integrated cement facilities in India (6 MTPA), China (3 MTPA), and Dubai (2 MTPA grinding), top-five global glass fibre production via the acquired 3B Binani Glass Fibre business in Belgium and Norway, zinc smelting at Edayar Zinc Limited (38Ktpa), and turnkey infrastructure construction through BIL Infratech.

Product overview

Binani Industries Limited (BIL) serves as the holding company for the Braj Binani Group's diversified industrial operations. The company operates across four key business segments: Cement (manufacturing integrated cement products in India, China, and Dubai), Glass Fibre (through Goa Glass Fibre Limited and the acquired 3B Binani Glass Fibre business in Belgium and Norway), Zinc (via subsidiary Edayar Zinc Limited), and Infrastructure Construction (through BIL Infratech Limited). The portfolio also includes Composite Products Inc (CPI Binani) in the USA for thermoplastic composites. The group was restructured between 1996 and 2004 and has manufacturing facilities across India, Europe, North America, and Asia.

Differentiator

Problem solved

Functional benefit

Products and services

• Binani Cement Integrated cement manufacturing with operations in India (6 MTPA capacity, Binanigram, Pindwara, Sirohi, Rajasthan), China (3 MTPA integrated clinker/cement facility), and Dubai (2 MTPA grinding facility manufacturing GGBFS and PPC). For industrial buyers, construction companies, and infrastructure developers.
• 3B Binani Glass Fibre Glass fibre manufacturing business with facilities in Belgium and Norway, making the group one of the top 5 global glass fibre producers by capacity. For composites manufacturers, automotive, wind energy, electronics, and construction reinforcement applications.
• Goa Glass Fibre Glass manufacturing facility located in Colvale, Goa, forming part of the group's global glass fibre business operations.
• Edayar Zinc Pioneer zinc manufacturing plant in India established in the mid-1960s with 38Ktpa zinc capacity, located at Binanipuram, Ernakulam, Kerala, producing by-products including sulphuric acid and cadmium. For galvanizers, chemical manufacturers, and downstream metal processors.
• BIL Infratech Construction Services

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves7 records

Expansion highlights3 records

Regional players

• Ambuja Cements: Indian cement major with comparable integrated capacity and product portfolio. Direct competitor to Binani Cement's Indian operations in the same regional markets.
• UltraTech Cement: India's largest cement manufacturer and a direct domestic peer to Binani Cement, with similar integrated manufacturing, GGBFS/PPC product mix, and exposure to Indian infrastructure demand.

Broad incumbents

• Reliance Industries: Diversified Indian conglomerate spanning petrochemicals, composites (Recycled Polyester Staple Fibre, etc.), refining and infrastructure. Comparable as a benchmark Indian diversified industrial platform, though at vastly larger scale.
• Nippon Electric Glass: Major Japanese glass manufacturer producing glass fibre for electronics, composites, and industrial uses. Comparable on glass fibre manufacturing scale and global customer reach.
• Saint-Gobain: French multinational with extensive glass and building materials portfolio including glass fibre reinforcements. Comparable to Binani as a broad incumbent in technical glass and construction materials.
• HeidelbergCement: Global cement, aggregates and concrete major with Indian operations (formerly Italcementi/Indus). Comparable to Binani Cement on international cement operations including the China and Dubai exposures.

Direct peers

• Owens Corning: Global leader in glass fibre reinforcement and building materials. Direct competitor to the 3B Binani Glass Fibre business in chopped strands, mats, and rovings for composites and construction end-markets.
• Hindustan Zinc: India's primary zinc and lead producer, comparable to Edayar Zinc Limited on zinc metal output and by-product sulphuric acid economics within the Indian market.
• Jushi Group: China-based, one of the world's largest manufacturers of glass fibre reinforcement products. Directly comparable to Binani's 3B platform on capacity, product mix, and global customer base in composites.

Emerging players

• Hexcel: US-based advanced composites manufacturer producing reinforcement materials and thermoplastic composites. Comparable to CPI Binani's thermoplastic compounding and moulding operations.

Market position

Strengths3 records

Weaknesses3 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/binaniindia

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Binani Industries