Vruddhi Engineering Works Ltd - Stock Valuation and Financial Performance

Vruddhi Engineering Works Limited was incorporated in Mumbai, Maharashtra as ‘Vruddhi Steel Private Limited’, a private limited company under the Companies Act, 2013, vide certificate of incorporation dated October 27, 2020 issued by Assistant Registrar of Companies, Central Registration Centre. Subsequently, the Company was converted from a private limited company to a public limited company, pursuant to a resolution passed in the extraordinary general meeting of its Shareholders held on December 26, 2022, and consequently, the name of the Company was changed to ‘Vruddhi Steel Limited’, and a fresh certificate of incorporation consequent upon conversion from private company to public company dated January 05, 2023, was issued by the RoC to the Company. Later on, January 31, 2023, the running business of the proprietorship concern of its Promoter namely ‘M/s. Kosmo Ventures’ was taken-over by the Company, along with the assets and liabilities of the proprietorship concern as going concern. Further, the name of the company was changed to ‘Vruddhi Engineering Works Limited’ pursuant to a special resolution passed in the extraordinary general meeting of its Shareholders held on April 29, 2023 and a fresh certificate of incorporation dated June 20, 2023 was issued by the Registrar of Companies, Mumbai.

The company is mainly engaged in offering mechanical splicing solutions to the real estate, construction and infrastructure industry by designing, engineering and supplying of rebar couplers. The company’s offering under this vertical includes (a) supply of rebar couplers as per its customer needs; (b) on-site threading services of the couplers; and (c) trading in threading machines and spares. The company offers an end-to-end mechanical splicing solutions ranging from design, manufacturing, testing, logistics and rebar threading. The company supply and provide its mechanical splicing solutions to construction contractors, real estate developers and infrastructure companies. The company supplies its rebar couplersin the domestic market. As the company primarily caters to the construction industry, the company with an objective to expand its product offerings acquired the running business of the proprietorship concern of its Promoter namely, ‘M/s. Kosmo Ventures’, along with the assets and liabilities of the proprietorship concern as going concern. Kosmo Ventures was engaged in the business of trading of reinforcement bars (TMT bars) and machinery. 

The products supplied by the company i.e. rebar couplers and Steel Products finds its application with construction contractors, real estate developers and infrastructure companies and are used in the construction of residential and commercial buildings, steel structures, roads, etc. The company design and engineer the rebar couplers as per the customers requirement and is manufactured by a third-party manufacturer. The company is an ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 certified Company issued by Quality Control Certification accredited by ‘UASL, England, UK’ in compliance with quality management system, Environmental Management System and Occupational Health and Safety Management Systems respectively.

Business area of the company

The company is mainly engaged in offering mechanical splicing solutions to the real estate, construction and infrastructure industry by designing, engineering and supplying of rebar couplers.

Products of the company

• Cold forged couplers
• Parallel threaded couplers
• Tapered couplers
• MBT bolted couplers
• Transition couplers
• End anchors

History and milestones

• 2020: Incorporation of the company in the name and style of Vruddhi Steel Private Limited.
• 2022: Conversion of company from Private Limited to Public Limited company. 
• 2023: Acquisition of M/s. Kosmo Ventures, proprietary concern.