Steel Strips and Wheels Posts Record FY25 Revenue

Steel Strips and Wheels Ltd was founded in 1991 and is a leader in the business of designing and manufacturing automotive alloy and steel wheels.

- RAJIV KAPOOR

Steel Strips and Wheels Ltd was founded in 1991 and is a leader in the business of designing and manufacturing automotive alloy and steel wheels. It caters to a wide range of domestic and global automobile makers with the highest quality standards. The company is based out of Chandigarh with five manufacturing facilities situated at the Dappar (Punjab), Chennai (Tamil Nadu), Saraikela and Jamshedpur in Jharkhand, Mehsana and Bhuj in Gujarat. These plants have a combined manufacturing capacity of around 20 million wheels per annum. The company posted its highest ever yearly net revenue of Rs 4429 crores and highest ever yearly EBITDA of Rs 500 crores for FY2025. The total revenue for FY25 is divided between the steel wheel business contributing Rs 2292 crores with a share of 68%, while the alloy wheel business segment stood at 32% and contributing to Rs 1437 crores. Steel Strips and Wheels has strategic partnerships with Tata Steel Limited and Nippon Steel and Sumitomo Metal Corporation, Japan holding a 6.9% and 5.4% equity stake respectively in the company.