If the coil fails, the equipment is dead - that is the simple logic behind M Tek Copper. The company was founded in 2012 as a greenfield project by Rohitbhai Chauhan, a copper-wire specialist who had spent a decade running operations at other manufacturers, and it listed on the NSE Main Board by 2020 before renaming itself from Madhav Copper to M Tek Copper in mid-2026. Its recurring approach is to take LME-grade copper cathode and scrap - some of it sourced from sister companies in the Madhav Group’s ship-breaking yards - and turn it into the precision conductors that pump, motor, transformer and generator makers need, with the founder himself building the customer relationships. # Business segments A single engine - copper conductors for electrical equipment - that reaches every major sector of the economy through one integrated factory in Gujarat. ## 1. Copper winding wires, strips and fabricated products: the current-carrying core of electrical machines **Every motor, pump, transformer and generator needs a coil to work, and M Tek makes the copper conductors that form that coil - from bare wire to fully insulated, application-ready products.** - **The full conductor catalogue** - the company makes enamelled copper wire, paper-covered copper conductor, poly-wrap submersible winding wire, fibreglass copper conductor, tapped insulated copper conductors, bare copper wire, copper strips, copper busbars, copper rods, copper fabricated products, and even enameled aluminium round winding wire. That range means a single customer buying for a pump line and a panel line can source multiple conductors from one supplier. - **Built for automated assembly** - the wires and copper products are designed to run on high-speed automatic coil winding machines and to be fabricated on automatic CNC machines, so they fit straight into the customer’s production line without rework. - **Sold to the manufacturers who build the machines** - customers are the companies that make pumps, motors, alternators, generators and transformers, and Managing Director Rohitbhai Chauhan personally developed the market for the company’s magnet wires and copper rod profiles by building direct relationships with them. - **Four end-markets, one product family** - the same conductors end up in equipment for Railways, Defence, Agriculture and Infrastructure, so demand is spread across public spending, private capital goods and rural economics. - **Made to national and international standards** - products are manufactured to IS, IEC, NEMA, BS, ASTM, EN and JIS specifications, which is how a single factory in Bhavnagar can supply customers who export their own equipment or need globally recognised certifications. # Manufacturing and quality backbone **One integrated plant in Bhavnagar takes LME-grade copper cathode and scrap through to finished conductors, with in-house testing that checks everything from oxygen content to dielectric loss.** - **Raw material starts at the top grade** - copper rod is made from 100% LME registered grade ‘A’ copper cathode, and the conductors are manufactured from 99.997% pure ETP (Electrolytic Tough Pitch) and OFC (Oxygen-Free Copper) grade copper. That purity level is what keeps electrical resistance low and efficiency high in the finished coil. - **A furnace that widened the product range** - an expansion completed in November 2018 added a copper furnace, which let the company start making copper bus bars, profiles, strips, oxygen-free copper rod, paper-insulated copper conductor and fibreglass copper conductor alongside its existing wires. Before the furnace, those products were simply not in the catalogue. - **Testing built into every step** - the factory uses PC-based equipment to measure Dielectric Dissipation Factor (Tan d, which catches insulation weaknesses), a spectrometer for metallographic analysis of the copper, and an oxygen analyser to keep oxygen content below 5 parts per million, while torsion tests ensure only flawless rods go into production. - **Insulation matched to the application** - conductors are insulated with high-thermal-class engineered insulation material, which is why the same base copper can serve a submersible pump sitting underwater and a wind generator running at elevated temperatures. - **ISO-accredited and internally audited** - the facility holds ISO 9000:2015, ISO 14001:2015 and ISO 18001 accreditations, and an internal control system runs from shop floor up, reviewed periodically by the Audit Committee. # Group structure and partners **M Tek Copper is a standalone company with no subsidiaries, but it sits inside the diversified Madhav Group and buys copper scrap from sister firms that break ships at Alang - a built-in scrap supply line.** - **Part of a conglomerate, but legally independent** - the company has no subsidiaries, joint ventures or associate companies, yet it belongs to the Madhav Group, whose interests span steel, ship breaking, construction, textiles and diamonds. - **Scrap from the family shipyards** - the company buys copper scrap from three related Madhav Group entities: Madhav Steels and Madhav Industrial Corporation, both ship-breakers at Alang, and International Metal Corporation, a metal trader at Kobadi. In FY24-25, purchases from Madhav Steels alone were roughly Rs. 31.6 crore. - **Daily knowledge-sharing across the group** - the Madhav Group runs daily business meetings at all locations of its companies, pooling experience in production, finance and marketing, so the copper business can draw on practices from steel and other industries without formal integration. - **Leadership with hands-on copper experience** - Chairman Nileshbhai Patel brings LME copper trading expertise and oversees raw-material buying and marketing, while Managing Director Rohitbhai Chauhan runs operations with a decade of prior copper-wire manufacturing experience at Precision Wires, Salzer Magnet Wires and ASTA India. - **Banking and professional support** - the company’s bankers are Bank of Baroda and Bank of India; its registrars are Bigshare Services; and its statutory, cost and secretarial audits are handled by separate external firms.