Royal Arc Electrodes is a welding-consumables specialist that has spent more than 25 years turning metal alloys into the joining materials that hold India’s factories, railways and refineries together - and it claims to have been the first Indian manufacturer to produce quality stainless-steel flux-cored wire. Incorporated in 1996 and listed on the NSE Emerge platform in February 2025, the company operates from a single manufacturing site in Gujarat and sells both its own-made electrodes and wires and a range of traded ancillary products to domestic and export customers across more than 20 countries. The recurring approach is simple: make the core welding consumables in-house, fill out the catalogue with complementary bought-in items, and sell the full basket to industries that cannot afford a weld to fail. # Business segments A single engine - welding consumables and ancillary trading - serving heavy industry, infrastructure and export markets from one factory and a curated third-party catalogue. ## 1. Welding consumables and ancillaries: the joining material behind India’s steel structures **The company makes the electrodes and wires that fuse metal, and trades the abrasives and fluxes that prepare and protect the weld - one integrated supply to industries where a bad joint is a safety risk.** - **Made in its own factory** - the company manufactures three core product families at its Valsad, Gujarat plant: welding electrodes (the coated sticks used in manual welding), flux-cored wire (a tubular wire filled with flux that shields the weld), and MIG/TIG wires (solid wires for gas-shielded welding), giving it control over the consumables that carry its brand. - **First-mover in stainless flux-cored wire** - it claims to be the first Indian manufacturer to produce quality stainless-steel flux-cored wires, a product used where corrosion resistance matters, such as in chemical plants and food-processing equipment. - **Traded goods complete the catalogue** - alongside its own production, the company buys and resells abrasive wheels (for grinding and finishing welds), welding flux, saw wire, saw flux, electro-slag strip cladding and special TIG/MIG items, so a customer can source preparation and finishing consumables from the same supplier. - **Standard or custom, as the job demands** - the company can supply both off-the-shelf and customized products, which matters because welding specifications change with the metal being joined and the conditions it will face. - **Sold where steel is built and repaired** - the customer list spans railways, roadways, automotive plants, airport infrastructure, refineries, shipyards, mines, sugar mills, telecom tower fabricators, thermal power stations and pre-engineered building makers, covering both government and private buyers. - **Export reach from a single plant** - the company supplies domestic customers and exports to more than 20 countries, supported by long-standing relationships and repeat orders from leading industrial names. - **Solar power to offset energy costs** - the company plans to expand a 400.14 KWP solar power plant in FY 2025-26, which would increase the share of renewable energy feeding its manufacturing operations. # Group structure and partners **A standalone company with no subsidiaries, associates or joint ventures - the entire business sits inside one listed entity.** - The company has no subsidiaries, associates or joint ventures as of the latest filings, so all manufacturing, trading and customer relationships are held directly by Royal Arc Electrodes Ltd. - Its bankers are HSBC and State Bank of India, providing the working-capital and trade-finance lines that a single-plant manufacturer and exporter needs. - Management is led by the Sanghvi family: Mr. Bipin Sanghvi as Chairman and Managing Director, with Mr. Hardik Sanghvi (Whole-time Director and CFO, associated with the company since 2002) and Mr. Swagat Sanghvi (Whole-time Director), alongside three independent directors.