welcome to Rashmi Group
Rashmi Group is one of the fastest growing Business Conglomerates in the eastern region of India, pioneer in manufacturing of integrated Iron & Steel Products, Cement, Power and Ferro Alloys & Mining. Led by Mr. Sajjan Kumar Patwari and his three sons Mr. Sunil Kumar Patwari, Mr. Sanjib Kumar Patwari and Mr. Sanjay Kumar Patwari, the group has its corporate office at Kolkata, and factories located at Kharagpur and Jhargram respectively.
It has a 7.0 MTPA state of art Integrated Iron & Steel manufacturing facility which comprises of products like – Pellet, Sinter, Pig Iron, Sponge Iron, Ductile Iron Pipe, Billet, TMT & Wire Rod and 1.2 MTPA of Cement manufacturing facility. Product range of the Group also includes Ferro Alloys and 1000 MW of Captive Power Generation Plant and IPP . Recently 5 Coal Mines Block has been acquired by the group – Jaganathpur B , Kasta East, Kagra Joydeb, Kuardih Tirat, Kerenadari BC North in West Bengal and Jharkhand respectively ,
1 Graphite ,Vanadium Mine has been acquired in Arunachal Pradesh – Radhpu .
As well as recently acquired Metenere Ltd from NCLT who are business leader in the field of Aluminum FRP & Foil Products including Lead & Alloy ingot manufacturing in the country.
Group has expertise in providing specialized services in dredging and land reclamation works of complex nature.
Along with its inherent strength the Group also enjoys a highly respectable and credible Category – ‘AA/stable/’ external rating from CRISIL. Over last decade, the group turnover has reached a level of around Rs. 41000 Crore (FY 23-24) and it has built a Net worth of Rs. 22,400 Crore. (FY 23-24) . An amount of around Rs. 8000 Crore has been invested in the manufacturing facilities and the group operates with minimal debt . We have taken steps for augmenting our steelmaking capacity to nearly 10 MTPA, cement 2 MTPA and 1600 MW of Captive Power Plant along IPP with an investment plan of Rs. 8,500 Crs over a period of next 3-4 years. Group is adding year by year a steady and substantial capex plan.
Rashmi Group has exhibited outstanding growth over last few years where in it has been able to capture the attention of financial institutions including banks, professionals and industry as a whole. At present the group employs around 40,000 direct and indirect employment out of which maximum belongs from the backward and rural areas of the state, in course of implementing of its proposed expansion.
A snapshot of the Group is exhibited as under –
| Product / Category |
Unit |
2005 |
2010 |
2015 |
2019 |
2020 |
2022 |
2025 |
| Iron & Steel |
MTPA |
0.11 |
0.71 |
1.06 |
2.50 |
2.80 |
3.00 |
7.00 |
| Cement |
MTPA |
0.18 |
0.36 |
0.36 |
1.00 |
1.00 |
1.00 |
1.20 |
| Power |
MW |
0 |
18 |
36 |
250 |
280 |
348 |
1000 |
| Pellet |
MTPA |
0 |
- |
1.50 |
4.00 |
5.00 |
9.00 |
11.20 |
| Turnover |
Rs. In Crs. |
60 |
1600 |
2200 |
8600 |
12000 |
24800 |
41000 |
| Investment |
Rs. In Crs. |
40 |
1900 |
2700 |
5000 |
6500 |
8000 |
12500 |
| Net worth |
Rs. In Crs. |
40 |
1600 |
2200 |
5000 |
6500 |
13300 |
22400 |
| Employment |
People |
600 |
2000 |
4200 |
15000 |
18500 |
22000 |
40000 |
The group is having its corporate Office at 39, Shakespeare Sarani, 6th Floor, Kolkata, West Bengal and factories located at Kharagpur and Jhargram. It has been awarded ‘Ultra Mega Project’ status by Govt. of West Bengal. Along with the aforesaid activities group is also engaged in import/export of Mineral & Mineral based products. The growth of the group during last few years has been phenomenal and fast catching the attention of bankers, professionals and industry as a whole.
