Venus Pipes and Tubes, a stainless steel manufacturer, is expanding its product portfolio to include value-added and specialized materials for sectors like semiconductors. With ongoing capacity growth, solar-powered operations, and a focus on domestic manufacturing, the company continues to scale in line with broader industry trends and government initiatives. SmallCap Spotlight chats with K.S. Sinha, Executive Director, Venus Pipes and Tubes Ltd. to know more about the company’s journey.
Mubina Kapasi: Hello and welcome to Small Cap Spotlight. Our guest today is Mr. K S Sinha, the Executive Director of Venus Pipes and Tubes, a company as the name suggests, manufactures pipes and tubes, but is slowly expanding its product portfolio to include many more products which are value added. Mr. Sinha, thank you so much for joining us today at the outset of the Global Stainless Steel Expo.
To begin with, as the name suggests, yes, you’re in the manufacturing of pipes and tubes. Could you tell us a bit more about the product portfolio that you manufacture and an introduction to your company?
K.S. Sinha: Correct. We are a manufacturer of a stainless steel pipes and tubes, seamless welded plus fitting in a stainless steel only.
The pipe ranges in seamless, we manufacture up to 8 inch and in welded, we make up to 56 inch, in which up to 20 inch is 312 and above that 358 class 1.
Mubina Kapasi: So which are the user industries or the applications for the products you manufacture? Which are the sectors you cater to?
K.S. Sinha: Actually, this stainless steel pipe requires almost every sector, but mainly you can say pharma, chemical, nuclear power, fertilizer, say all our customers, oil and gas, and we have got the all approvals, required approvals for that.
Mubina Kapasi: Tell us a bit about your manufacturing plant, where is it located? And also I understand that you have some expansion plans for the same, for your capacity. Could you tell us a bit about that?
K.S. Sinha: We are the largest manufacturer of pipes and tubes in India, and we are the fastest growing company.
If you will see our growth in seven years, we scratched to around 960 turnover we have done in last year. So it’s only in seven years, so growth is very good and we are in constant expansion. So our expansion plan is also very big, in coming years you will see that we are the only company, market scenario is very good, and the last three years the growth of the industry in India is very good, and we have covered almost all sectors.
New sectors are coming, like the semiconductor, we are also exploring and supplying to them. Overall condition is very good.
Mubina Kapasi: Let’s talk about supply, because raw materials is something that’s being talked about, and it’s important to ensure security of supply of raw materials.
So where are you getting your raw materials from? And considering the entire trade scenario, do you think there is a bit of difficulty in procurement?
K.S. Sinha: See, in our product, stainless steel, stainless pipe we make from the billets. So we are the cheapest source in the world for the billets, and the welded pipe we make from coils, that too is indigenous. So 90% of our coils are bought by this general, and the 10% we take from the other sources.
Mubina Kapasi: To what extent does volatility in these raw materials impact your pricing? Because these are commodities and they are market oriented. So how do you tackle that?
K.S. Sinha: In stainless steel, market is very volatile. Only buying, timing, and it’s very important when you have to order, because price is very volatile.
Every sometime, twice in a month, sometime after two months, it never be stable. You have to keep a watch on buying. Buying is very important.
Mubina Kapasi: Now I understand that you are a lot of value-added products. For one, you mentioned that semiconductors as well is an industry that you all will be potentially catering to. So could you tell us a bit about the value added products you are planning to add to the portfolio?
K.S. Sinha: Yeah, we are also expanding in exotic materials.
For that, we have already started ordering the machinery and planning for the shade. And this will come very soon.
Mubina Kapasi: Is there any investment amount that Venus has kept aside towards adding these products to the portfolio?
K.S. Sinha: This is a continuous process.
We are expanding continuously.
Mubina Kapasi: Let’s talk a bit about your longer term goals in terms of the products, the production capacity, revenue, bottom line that Venus is targeting in the next couple of years.
K.S. Sinha: If you see Venus growth from starting till now, it is just double every year.
Doubling every year. So our focus and our anticipation is that in future, we will work like this only.
Mubina Kapasi: So who is in Venus’s top team and top management, especially the folks who are working very hard to help achieve that vision and goal for Venus?
K.S. Sinha: We have three promoters, four promoters, which are the backbone of this company and whole visualization.
Our MDs, Shri Arun Pothari ji, Jitu Chaudhary ji, Mahesh Chaudhary ji, Dhruv Patel ji, they are the man behind this.
Mubina Kapasi: You know, sustainability is a buzzword of late and people have been speaking a lot about it. Is that something that Venus is also looking at? Something towards sustainability that you would be working towards?
K.S. Sinha: We have full capacity is dependent on our solar park.
So you can say it is a green plant. We are not dependent on the power supply.
Mubina Kapasi: You were at the Global Stainless Steel Expo. Tell us about what are the feelers you got from there? What are customers saying and what does it tell about the economic growth potential in India and of course for the industry as well?
K.S. Sinha: See, if you will see the last 10 years, 11 years of Modiji, the way the country has changed is tremendous. The environment and the vision about the country, the investments are coming up from outside and now India has become a manufactured hub and the make in India policy has grown up. So many other sectors which were not seen previously like arms and ammunition.
Earlier we were the largest buyer. Now you see 80% of our defense products are manufactured in India and the condition is make in India. So this is boosting our industry and since it is a raw material, the future is very bright of stainless steel in India and in coming years the way the world is looking on India and China’s investors are shifting to India, the industrial growth will be tremendous.
Mubina Kapasi: Mr. Sinha, thank you so much for joining us today on Small Cap Spotlight. And thank you viewers for tuning in. If you like this video, don’t forget to hit the like and subscribe button for SmallCap Spotlight.