Creative Castings Ltd is a foundry that makes precision metal parts the way a jeweller casts a ring - by building a wax model, encasing it in ceramic, and pouring in molten steel. It began in 1980 as a small partnership in Junagadh, Gujarat, and has spent over four decades quietly becoming a trusted supplier of custom-shaped, high-specification components to engineering companies across the world. The recurring approach is simple: master a single, demanding manufacturing process, build relationships that last decades, and let the cash those relationships generate fund every next step - including the wind turbines that now power the plant. # Business segments Two engines, one feeding the other - a precision-casting workshop that earns its keep from global factories, and a pair of windmills that turn Gujarat's air into cheaper electricity for the workshop. ## 1. Investment castings: the workshop that prints metal **It makes over 5,600 different metal components - from a few grams to 120 kilograms - for industries that cannot afford a part to fail, using a wax-and-ceramic process that captures shapes no other method can.** - **Small furnace, big throughput** - the entire operation runs out of a single 8,924-square-metre site in Junagadh with two furnaces, each melting 300 kilograms per heat, giving it an installed capacity of 840 metric tonnes a year. It can push out up to 100,000 pieces a month when orders spike, and a full backup generator means a power cut never stops a pour. - **Sold to engineers, not distributors** - every casting is sold directly to industrial buyers - pump makers, valve manufacturers, defence contractors, automotive firms, and medical-implant producers - under fixed-price orders with 30 to 90 days to pay after delivery. About half its output leaves India, with export earnings running at roughly ₹25.6 crore in a recent year. - **Relationships are the real moat** - the company says it has done business for more than 40 years with half of the world's largest customers in its space, a claim that matters in an industry where a new supplier must spend years proving its parts will not fail inside a refinery or a fighter jet. It competes against low-cost foundries in China and Eastern Europe, but competes on trust and certification - it holds ISO quality, environmental, and safety credentials, plus European pressure-equipment and Indian boiler certifications that act as a permit to sell into regulated industries. ## 2. Wind power: a hedge that spins **Two wind turbines generate electricity for the factory and sell the surplus to the grid, turning a volatile energy bill into a predictable cost advantage.** - **Captive power, not a power business** - the turbines exist primarily to run the casting plant, with any extra electricity fed into the state grid in exchange for a credit on the factory's power bill, net of wheeling charges. This is a cost-management tool, not a standalone profit centre, contributing roughly ₹1.5 crore in a typical year. - **Built with casting cash flows** - the windmills were added as a "second source of energy" after the foundry was already established, and the company notes they have substantially reduced its energy cost over time. That is the pattern: the casting business generates the surplus to invest in assets that then lower the casting business's own operating costs. # Group structure and partners **A standalone, promoter-controlled company with no subsidiaries - one plant, one balance sheet, and a boardroom where family and independent directors sit together.** - **No corporate layers** - Creative Castings has no subsidiaries, joint ventures, or associate companies, so all its operations, assets, and cash flows sit inside a single listed entity on the BSE. - **Promoters hold the reins** - the founding family controls just under 75% of the shares, and the ten-member board includes two executive directors from the promoter group, three non-executive directors affiliated with the promoters, and five independent directors, chaired by a non-executive member of the promoter family.