BC Power Controls is a metals trading house that buys and sells the industrial ingredients - zinc, copper, nickel, tin - that other manufacturers turn into everything from car parts to electrical wiring. It was born as a wire-and-cable maker in 2008, but when unorganized competitors and high factory costs squeezed the manufacturing business, the company sold its plant and pivoted entirely to trading. The recurring approach is simple: source metal from Indian markets or import it from abroad, then deliver it to buyers on the Multi Commodity Exchange (MCX) or in the open market, using futures contracts to protect against price swings along the way. # Business segments A single engine - ferrous and non-ferrous metals trading - run through two channels that serve different kinds of buyers. ## 1. Metals trading: the group's sole business **The company makes money by sourcing industrial metals and delivering them to exchange platforms or open-market customers, earning a margin on the spread between procurement cost and selling price.** - **Buys from everywhere, sells to anyone** - it purchases metals like zinc ingots, copper rod, tin ingots, and nickel cathode from domestic suppliers and through imports from various countries, then sells them either on the MCX platform by giving physical delivery or directly to buyers in the open market. - **Hedging is built into the model** - metal prices swing constantly, so the company uses commodity futures to lock in prices and forward foreign-exchange contracts to manage currency risk on imported goods, which keeps a volatile business from becoming a gamble. - **A warehouse, not a factory** - after selling its manufacturing unit in FY 2021-22, the company shifted to a warehouse-cum-office in the RIICO Industrial Area at Bhiwadi, Rajasthan, holding inventory rather than running production lines. - **One segment, many metals** - the entire business is reported as a single segment covering ferrous and non-ferrous metals and their products, with zinc, copper ingots, copper scrap, and nickel among the main items traded. - **Competition is stiff and getting stiffer** - new companies keep entering the metals trading space, some operating at large scale, so the company leans on quality products, timely delivery, and after-sale service to hold its ground. # Group structure and partners **The company operates within a web of promoter-linked metal-trading and financial firms, and has recently set up a subsidiary that has yet to start business.** - **A dormant subsidiary for future bets** - BC Power Controls incorporated a wholly owned subsidiary, Proxima Industries Private Limited, in November 2024 with authorised capital of Rs. 10 lakh, aimed at construction and metals trading, but it has not yet commenced operations and has no turnover. - **Related parties trade the same metals** - M/s Bonlon Industries Limited and M/s Asier Metals Private Limited are engaged in the identical business of ferrous and non-ferrous metals trading, and the company routinely transacts with them for sales, purchases, job work, and short-term working capital. - **NBFCs sit inside the circle** - three related entities - M/s Bon Lon Private Limited, M/s Bon-Lon Securities Limited, and M/s Harshit Finvest Private Limited - are registered non-banking financial companies, adding a financial-services dimension to the promoter group. - **The old factory went to a related party** - when the company exited manufacturing, it sold its plant and machinery to M/s Bonlon Industries Limited and the land and building to M/s Harshit Finvest Private Limited (with Bonlon later substituted as nominee buyer because RIICO rules prevented leasehold transfer to an NBFC), effectively keeping the assets within the promoter orbit. - **One promoter is distancing itself** - as of March 2025, Bonlon Industries Ltd sought reclassification from "Promoter Group" to "Public" shareholder, stating it no longer has any influence over the company's business or policy decisions and is not involved in day-to-day activities.