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About the Company:
Venus Pipes and tubes are one of the growing stainless steel pipes and tubes manufacturers and exporters in India having over six years of experience in manufacturing stainless steel tubular products in two broad categories: (i) seamless tubes/pipes; and (ii) welded tubes/pipes.
The firm has one manufacturing plant which is strategically located at Bhuj-Bhachau highway, Dhaneti (Kutch, Gujarat) (“Manufacturing Facility”) nearby, around 55 kilometers and 75 from the ports of Kandla and Mundra, respectively, which helps in reducing logistic costs on procurement of raw materials and imports and export of Products.
Venus sells its products both in the domestic as well as international markets. Company started exporting its products in the year 2017 and as of October 31, 2021, Venus has exported to 18 countries including Brazil, the UK, Israel, and countries in the European Union, etc.
|Entity Name||By the Company||Against the Company||By the Director||Against the Director||By the Promoter||Against the Promoter|
|Material civil cases||-||-||-||-||-||-|
|Income Statement(in Milllions)||Jun'2021||FY21||FY20||FY19|
|Gross Operating Income||823.38||3120.31||1,793.22||1,205.06|
|Cost of Employee & Inventory||11.62||26.69||32.00||25.34|
|Profit Before Tax||91||309.51||64.86||49.46|
|Profit After Tax||68.06||236.32||41.28||37.50|
Megharam Sagramji Choudhary
• Jindal Saw Limited • Ratnamani Metals and Tubes Limited.
The proceeds from the sale of 5,074,100 equity shares will be utilized for the following: • To meet long-term working capital requirements. • General corporate purposes. • Financing project costs for capacity growth, technology upgrades, operational cost optimization, manufacturing facility support, and backward integration for hollow pipe manufacturing.