Global Steel Wire Rope Manufacturer
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Profile

Inception

Inception

Started in 1961 in Ranchi, Jharkhand as a wire rope manufacturing company, today the Usha Martin Group is a USD 1 billion conglomerate with a global presence.  The group has set new standards in the manufacture of wire rods, bright bars,  steel wires, speciality wires, wire ropes, strand,  conveyor cord, wire drawing and cable machinery.  With continuous growth in both the domestic and international markets, Usha Martin, the Group’s flagship company has emerged as India’s largest and the world’s Second largest steel wire rope manufacturer.  

For Usha Martin, the path to sustainable growth was long; the management constantly tried out innovative business practices.  With initiative to diversify the customer base by venturing into the international markets, moving up the value chain and fully integrating its business process to maximize stakeholder value.
Thinking Big

Thinking Big

In 1979, the company set up a steel plant with wire rod rolling mill at Jamshedpur, to benefit from business integration. This ensured a steady supply of steel for the manufacture of value added products. Today, the Jamshedpur unit has a truly integrated speciality steel manufacturing facility of 700,000 MT per annum.  Out of which, about 35% is consumed internally by its plant in Ranchi, Hoshiarpur & Bangkok, producing steel wire, steel strand, steel cords, bright bar and steel wire ropes.  All its manufacturing facilities are ISO 9000 certified and the steel plant was India’s first to receive the TPM Excellence Award from JIPM, Japan. 
About Usha Martin

 

Going Global

Going Global

Usha Martin: Global Wire Rope Company

With local success come global aspirations. Currently, the company has overseas manufacturing operations in Thailand, UK and Dubai. Besides a vast network of distribution centres and marketing offices spread across the globe to support an ever growing worldwide customer base. The company exports over 60% of the wire rope output and about 20% of the total wire rods produced.

Looking Forward

Looking Forward

Usha Martin’s future plans are focused on its operation in Jharkhand – a state rich in mineral resources. Future priorities include product mix enrichment, cost reduction and infrastructural improvements. Already flourishing in its recent foray into mining operations, the company is planning to invest in its iron ore and coal mines, sinter plant, pellet plant, power plants, while also enhancing its steel making and value added products capacity with an investment of Rs 2,100 crore. 

Building Bridges

Building Bridges

But what set Usha Martin apart is its unwavering commitment to social responsibility. For over three decades the company has invested ample man-hours and capital on community development projects for integrated prosperity in rural Jharkhand, through a CSR arm, Krishi Gram Vikas Kendra (KGVK).

This NGO undertakes various development initiatives, following a model of Total Village Management (TVM). Focusing on key areas like Watershed development, agricultural productivity, better health practices, education, empowering women and encouraging micro enterprise. In recognition to its effort Usha Martin has been awarded the prestigious TERI Award for Corporate Social Responsibility in 2006.

 
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