Producer
Usha Martin Ltd.
India's largest wire rope manufacturer and among the top 5 globally. Revenue ~3,608 Cr INR (~$430M USD). Manufactures crane-specific wire ropes designed for "longer life, less downtime, and superior resistance to bending fatigue." Dominant in Indian market; significant global export presence. Facilities primarily in Ranchi, Jharkhand, India.
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Inputs supplied
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Goods downstream
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Facilities
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Stories
What they make
1 input Usha Martin Ltd. supplies
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Goods downstream
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What else they do
Business segments
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Wire Rope and Wire Products
75%Wire Rope Machinery and Equipment
5%Optical Fiber Cables (UM Cables, Silvassa)
10%Pre-Stressing Systems (Usha ISMAL)
10%
Intelligence
What's known
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Did you know2020
Usha Martin's UM Cables subsidiary in Silvassa manufactures telecom-grade optical fiber cables, armored optical fiber cables, and jelly-filled copper cables — a product line completely unrelated to wire rope manufacturing. The connection is manufacturing DNA: precision multi-strand forming and metal-jacket production techniques translate from wire rope to cable armoring and optical fiber jacketing. A company whose market identity is crane and elevator rope is also a telecom cable manufacturer supplying the Indian broadband and telecommunications infrastructure build-out. This is the most unexpected Usha Martin product line — India's wire rope near-monopolist is also a fiber cable supplier.
IndiaMart ↗Origin2019
Usha Martin was founded in 1961 in Kolkata by brothers Brij Kumar and Basant Kumar Jhawar. Through the 1990s-2010s it expanded from wire rope into integrated specialty steel manufacturing, loading itself with debt. A bitter family feud between the Brij branch (Rajeev Jhawar) and Basant branch (Prashant and Basant Kumar Jhawar) — involving allegations of fund diversion including a $17M freight contract awarded to a shell company at 30-40% above market rates — paralyzed governance for years. In April 2019, Usha Martin resolved both crises simultaneously by selling its entire steel division (Jamshedpur plant + iron ore mine + coal mine) to Tata Sponge Iron (Tata Steel) for Rs 4,094 crore (~$480M), applying all proceeds to debt repayment. The post-sale company is a pure-play wire rope manufacturer with ~60% domestic market share in India and exports to 100+ countries.
Business Today ↗