Somi Conveyor Beltings Ltd is a focused manufacturer of heavy-duty industrial conveyor belts - the reinforced rubber and steel belts that move rock, coal, and cement inside mines, steel plants, and power stations - operating from two plants in Jodhpur, Rajasthan. Founded in 2000 by a family with deep roots in rubber manufacturing, the company has spent 25 years building a single, specialised business under the ‘Somiflex’ brand, selling to India’s largest industrial groups and state-owned utilities. Its recurring approach is to compete not on scale but on customisation and quality - making belts that match the exact heat, fire, or abrasion demands of a customer’s site, and backing them with in-house R&D and raw-material processing that larger rivals often outsource. # Business segments A single engine - the design, manufacture, and sale of industrial conveyor belts - serving heavy industry across India and select export markets. ## 1. Somiflex conveyor belts: the company’s only business **Every rupee the company earns comes from selling purpose-built rubber and steel-cord belts that move bulk materials through mines, cement plants, and power stations - a single-product company with a multi-industry customer base.** - **Custom-built, not off-the-shelf** - the company designs each belt to a client’s specific material, temperature, and incline requirements, producing grades that resist heat up to 120°C, oil, fire, or bullet impact, which is how it wins orders from exacting buyers like NTPC and South Eastern Coalfields. - **In-house raw-material control** - SCBL runs its own distillation facility, so it processes key inputs internally rather than buying them pre-made; this forward integration lets it develop higher-quality base materials and value-added products that competitors relying on third-party suppliers cannot easily replicate. - **Two plants, 1.2 million metres of capacity** - both factories sit in Jodhpur and run on fully automated, PLC-driven machinery, giving the company enough annual output to serve a diversified order book that stood at roughly Rs 105 crore in mid-2024 without depending on any single customer. - **Sold to India’s industrial backbone** - the belts end up in mining, cement, steel, power, and port operations, with a customer list that includes state power utilities, Coal India subsidiaries, and private terminal operators; the company also exports a small portion to emerging markets, though domestic heavy industry remains the core. - **R&D as the differentiator** - a dedicated R&D team with ultra-modern testing facilities works on energy-saving belts, self-cleaning eco-friendly variants, and new grades like SEHR-99, while IoT-based monitoring on the shop floor keeps production consistent; this technical capability is what lets a small player claim its belts are equivalent to those of global names like Fenner and Continental. # Group structure and partners **SCBL is a standalone, promoter-led company with no subsidiaries or joint ventures - a single entity controlled by the Bhansali family and supported by related-party supply arrangements.** - **Family-run, publicly listed** - the Managing Director, Om Prakash Bhansali, holds roughly 37.5% of the shares, with his two sons serving as Whole-Time Directors and holding smaller stakes; the company trades on both the BSE and NSE but has no subsidiary, associate, or joint venture anywhere. - **Related-party supply links** - the company buys from and sells goods to Oliver Rubber Ind. LLP, a firm where a key managerial person’s relative holds influence, creating an integrated supply relationship within the broader Om Bhansali Group ecosystem. - **External registrar, not in-house** - share registry work is handled by MUFG Intime India Private Limited, an independent registrar that took over the mandate after a 2023 amalgamation, keeping shareholder records at arm’s length from the promoter group.