NewMalayalam Steel Limited was incorporated on March 31, 2017 as ‘NewMalayalam Steel Private Limited’, a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation issued by Deputy Registrar of Companies, Registrar of Companies, Central Registration Centre. Further, the company was converted into a public limited company pursuant to a resolution passed by Board of Directors in their meeting held on December 15, 2023 and by its Shareholders in an Extraordinary General Meeting held on December 19, 2023 and consequently the name of the company was changed to ‘NewMalayalam Steel Limited’ and a fresh certificate of incorporation dated February 1, 2024 was issued by the Registrar of Companies, Central Processing Centre.

The company is engaged in the business of manufacturing galvanised pipes, tubes, and sheets. Owing to the consistent efforts of its Promoters, it has been able to create a brand presence in Kerala, under the name of ‘Demac Steel’. Its products find extensive application in the general households of Kerala. Galvanised pipes and tubes are used for building the roofs to reduce heat and avoid leakage, further the galvanisation process offers an added advantage of increasing the life of the product and enhancing its quality by making it rust-free. Its products are therefore manufactured to provide an effective solution to the continuous damage caused to houses in Kerala on account of inclement weather condition. Accordingly, its products experience a constant demand on account of being an indispensable raw material in the construction industry in Kerala. In order to market and sell its products, it has established a widespread dealer base in Kerala through which it sells its products to local contractors and retailers.

Business area of the company

The company is engaged in the business of manufacturing galvanised pipes, tubes, and sheets.

Products of the company 

• GP Pipes
• GI Pipes
• Coil
• Sheet
• Slit

Awards and accreditations

• 2018: The company was recognised as one of the best companies by Kerala Financial Corporation.
• 2018-19: The company was recognised for its valued association in Nation Building & Partners in Growth for the year 2018-19 by Steel Authority of India Limited (SAIL)
• 2019: Its Director, V. D. Varghese was presented with National Award for ‘Outstanding Entrepreneur’ for the company, by Council of State Industrial Development and Investment Corporation of India (COSIDICI).
• History and milestones
• 2017: Pursuant to an agreement to sell business undertaking dated August 7, 2017 executed between the company and M/s. Demac Steel formerly known as Malayalam Steel Tubes, all the assets and liabilities of M/s. Demac Steel were taken over on a going concern basis.
• 2018: The company installed an electric resistance welding tube mill of an installed capacity of 3,500 MT in its manufacturing unit.
• 2019: The company installed an electric resistance welding tube mill of an installed capacity of 4,000 MT in its manufacturing unit.
• 2022: The company installed a solar plant of an installed capacity of 489.77 kWp at Survey No. 262/3- 29 in Poyya Village and Kodungallur Taluk; Building No.2/546 of Poyya Panchayath.