Usha Martin is an Indian company headquartered in Kolkata, West Bengal, primarily engaged in the manufacture of wire ropes, specialty wires and related steel products. It is among the largest wire rope manufacturers globally, with operations spanning India and several international locations.
Key facts
| Name | Usha Martin Limited |
|---|---|
| Type | Public limited company |
| Industry | Steel and wire products |
| Headquarters | Kolkata, West Bengal, India |
| Principal products | Wire ropes, specialty wires, strands, related accessories |
| Listings | BSE, NSE |
Overview
Usha Martin operates manufacturing facilities in India and abroad, supplying wire ropes and steel wire products to sectors including mining, oil and gas, elevator, fishing, construction, crane, and general engineering. The company markets its products globally through subsidiaries and distribution arrangements across Europe, the Americas, the Middle East, and the Asia–Pacific region.
Background
The company has its origins in the wire rope manufacturing business established in eastern India in the mid‑20th century. Over time it expanded vertically into steel making and wire drawing to support its rope manufacturing, before later refocusing on its core wire and wire rope business.
Operations
Usha Martin's principal Indian manufacturing complex is located at Ranchi in Jharkhand, with additional facilities for wire and rope production at other sites in India. International manufacturing and service operations are carried out through subsidiaries in countries including the United Kingdom, Thailand, and the United States, among others.
The product range covers:
- General engineering and elevator wire ropes
- Mining and crane ropes
- Offshore and oil and gas ropes
- Structural strands and specialty wires
- Rope accessories and end fittings
Corporate developments
In 2019, Usha Martin completed the divestment of its steel business to Tata Steel through Tata Steel Long Products, allowing the company to concentrate on its wire rope and specialty wire operations. Following this transaction, Usha Martin positioned itself as a focused wire rope manufacturer.
Significance
Usha Martin is recognised as one of India's prominent industrial exporters in the steel wire segment and is regarded as a leading global producer of wire ropes by capacity. Its products are used in critical applications such as deep mine hoisting, offshore mooring, and elevator systems, giving the company a notable role in heavy industrial supply chains.
Related topics
- Tata Steel Long Products
- Steel industry in India
- Wire rope
- Ranchi
- Kolkata
- List of companies of India
References
- Wikidata: Q30263065
- Company filings with the BSE and NSE