Rathi Steel & Power

What Rathi Steel & Power does

Rathi Steel and Power Limited (formerly Rathi Udyog Ltd) is an Indian publicly listed long-steel products manufacturer founded in 1971 as part of the P.C. Rathi Group of Delhi, which traces its origins to a re-rolling mill established in the 1940s. The company manufactures a portfolio of long steel products including mild steel TMT bars, stainless steel (S.S.) rebars, S.S. billets, S.S. flats, S.S. wire rods, S.S. bright bars, S.S. annealed wire rods, S.S. wires, and pickled bars and rods, primarily serving the construction, infrastructure, and industrial manufacturing segments. The manufacturing base is centered in Ghaziabad (Uttar Pradesh), with a registered office in New Delhi, supported by an installed capacity of approximately 200,000 tonnes per annum (TPA) of re-rolled products and roughly 85,000 TPA of melting facilities.

The company's technological foundations include Electric Induction Furnace steel making, Argon Oxygen Decarburization (AOD) refining, Continuous Billet Casting, and rolling through Wire Rod and TMT Rod mills. Rathi Steel holds several documented first-mover positions: first in India for CTD reinforcement rebars (developed with Tor Isteg Steel Corporation Luxembourg), first in North India for Thermex TMT bars (using HSE Germany's patented technology), and first in North India to install natural gas fired reheating furnaces and an automatic rolling mill in a mini steel plant. The company has also developed RU SS Rebars (Grade 410L stainless steel rebars) as a corrosion-resistant alternative to MS TMT rebars, targeting up to 100-year service life in aggressive environments.

Revenue is generated through one-time sales of manufactured steel products via two parallel channels: a dealer and retail network of nearly 1,000 outlets spread across Northern India (including exclusive Rathi TOR Steel Shops), and direct sales to enterprise customers such as infrastructure developers, real estate firms, and government bodies. The company's stated customer base exceeds 100 enterprise clients, with named logos spanning DMRC, DLF, GMR Group, Gammon India, Jaypee Group, Ambience Group, Omaxe Group, and Indian Oil, among others. Pricing is not publicly disclosed and is handled on a quote basis for industrial customers; the company is profit-making and dividend-paying but is operating in a cyclical commodity sector where utilization optimization at the Ghaziabad unit remains a stated management priority. Certifications include ISO 9001/14001/45001, BIS licenses for TMT and stainless steel rebars, GreenPro Ecolabel, and CBAM compliance for EU export readiness.

Name

Rathi Steel & Power

Legal name

Rathi Steel and Power Limited

Website

https://rathisteelandpower.com

Company type

Public

Founded year

1971

Operating status

Operating

Headcount range

101–250 employees

Short description

Rathi Steel and Power Limited is an Indian publicly listed manufacturer of long steel products, including TMT bars, stainless steel rebars, wire rods, billets, and flats, serving construction, infrastructure, and industrial customers through a 1,000-outlet Northern India dealer network and direct enterprise sales.

Ownership category

akta.pro rank

Product category

Long Steel Products / Construction Reinforcement Steel

NAICS

Steel Product Manufacturing from Purchased Steel (3312)

SIC

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

akta.pro primary industry

Long Products Manufacturing (Rebar, Wire Rod, Merchant Bar, Sections/Beams) (IMAKABAH)

Keywords

• Steel manufacturing
• Long steel products
• TMT reinforcement bars
• Stainless steel rebars
• Wire rod production

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Steel Products Sales: Manufacturing and sale of long steel products including Rebars (TMT bars, SS rebars), Wire Rods, Billets, Bright Bars, Flats, and Wires. Products are sold through dealer networks and directly to construction companies and infrastructure projects. The company is profit-making and dividend-paying.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Rathi Steel & Power manufactures and sells long steel products including TMT bars, stainless steel rebars (RU SS Rebars), wire rods, billets, bright bars, flats, annealed wire rods, wires, and pickled bars and rods. The products serve the construction and infrastructure industry for reinforcement, structural, and industrial applications. The company operates integrated steel-making and rolling facilities at Ghaziabad with installed capacity of approximately 200,000 TPA re-rolled products and 85,000 TPA melting, distributing through a dealer network of nearly 1,000 outlets and direct enterprise sales across Northern India.

Product overview

Rathi Steel & Power Limited is a steel manufacturing company specializing in long steel products for the construction industry. The product portfolio consists of nine core product categories: stainless steel billets (in ferritic, martensitic, and austenitic grades), stainless steel flats, stainless steel wire rods (200/300/400 series), stainless steel bright bars, stainless steel annealed wire rods, stainless steel rebars (innovative RU SS Rebars in Grade 410L for construction reinforcement), mild steel TMT bars (using Thermex Technology), stainless steel wires, and pickled bars and rods. The company operates across the steel production chain from melting and casting (steel making) through rolling mills (Wire Rod Mill and TMT Rod Mill) to finished long products. The portfolio spans from semi-finished inputs (billets) to finished construction materials (rebars, TMT bars), with significant focus on corrosion-resistant stainless steel solutions.

Differentiator

Problem solved

Functional benefit

Products and services

• S.S. Billets (Stainless Steel Billets)

Quantifiable outcome

• 40% savings in steel consumption with CTD reinforcement rebars
• +3 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• Tor Isteg Steel Corporation, LuxembourgcoreStrategic or Co-development PartnerStrategic collaboration to manufacture and market TOR Steel in India. This partnership enabled Rathi Steel to become the first in India to produce CTD reinforcement rebars, achieving 40% savings in steel consumption and providing significant impetus to the Indian construction industry.
• Tor Steel Research Foundation in IndiacoreStrategic or Co-development PartnerIndian representative of Tor Isteg Steel Corporation, facilitating technology transfer and research collaboration for advanced steel reinforcement products in India.
• HSE, Germany (Thermex Technology)coreTechnology or IntegrationLicensed Thermex technology for TMT bar production, enabling Rathi Steel to become the first producer of TMT bars in North India using the patented Thermex technology.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Jindal Stainless Limited: India's largest stainless steel manufacturer producing stainless flat and long products including stainless rebars. Most direct comparable to Rathi's stainless steel billet, wire rod, rebar and bright bar portfolio.
• VISA Steel Limited: Indian long steel and special steel producer (TMT bars, wire rods, pig iron). Directly comparable to Rathi on long-product focus, mini-mill/induction furnace route, and Indian construction end-market.
• Kamdhenu Limited: Indian listed manufacturer of TMT bars, structural steel, and related long products with pan-India distribution through a franchised dealer network. Highly comparable to Rathi in product mix (rebar/TMT), B2B + dealer GTM, and Northern India presence.
• Gallantt Ispat Limited: Listed Indian steel manufacturer focused on TMT bars, structural sections, and billets using induction furnace/rolling mill routes. Comparable to Rathi in mini-mill configuration, scale (~mid-size), and primary market of Northern/Eastern India construction.
• Shyam Steel (Shyam Metaliks): Indian long steel producer (TMT bars, structural steel, billets/wire rods) serving construction and infrastructure with a branded retail network (Shyam Steel dealers). Closely comparable to Rathi on product portfolio, channel model, and target end-markets.

Broad incumbents

• Steel Authority of India Limited (SAIL): India's largest state-owned integrated steel maker with a wide long-products range including TMT bars and structurals. Competes with Rathi in government-tender and infrastructure channels such as DMRC and other PSU buyers.
• Tata Steel Limited: India's largest integrated steel producer offering a full portfolio including TMT bars (Tata Tiscon), wire rods, and structural products. Sets the competitive benchmark on price, scale, and brand in the same long-product category as Rathi.
• JSW Steel Limited: Among India's largest steel producers with a broad long-product portfolio (TMT bars, wire rods, structurals). Competes with Rathi in commodity TMT and in dealer-driven construction channels across India.
• Jindal Steel & Power Limited: Diversified Indian steel and mining major with long products (structurals, rails, plates) and direct presence in infrastructure projects. Overlaps with Rathi in construction-grade long steel and infrastructure end-customer base.

Emerging players

• APL Apollo Tubes Limited: Largest Indian producer of structural steel tubes and pipes serving construction and infrastructure. Adjacent long-product category to Rathi's rebar/wire rod portfolio, sharing similar dealer-driven distribution and Indian construction exposure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/rathi-steel-and-power-limited

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 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 Rathi Steel & Power