About Primary Steel
Primary Steel is an Industrial Goods & Manufacturing company based in Jaipur (India) founded in 2006 by Ankur Agarwal, and was acquired by Lindsay Goldberg Vogel in June 2007. Primary steel is supplied by the company from Jaipur, India. It operates on a Reseller / Distribution and Direct-to-Consumer (D2C) model. Its Indian entity Primary Steel Private Limited reported revenue of ₹17.12 Cr. Primary Steel offers products and services including TMT Bars, MS Binding Wire, and HR Sheets. Its focus areas include Manufacturing, Steel Production and Structural Steel.
Company details
Primary Steel, based in Jaipur, India, is involved in the supply and manufacturing of structural steel products such as TMT Bars, HR Sheets, and MS Binding Wire. The company serves a wide range of clients, including government and infrastructure bodies like NHAI and PWD, ensuring timely delivery and precise specifications. Additionally, in-house manufacturing of binding wire is conducted to maintain quality and consistency. Support for custom orders and project guidance is also provided to contractors and large-scale projects across Rajasthan.
- Headquarters Jaipur, India
- Founders Ankur Agarwal
- Stage Acquired
- SectorsIndustrial Goods & Manufacturing
- Phone•••• ••••
- Website primarysteel.in
- Social LinkedIn Facebook Instagram
- Acquired by Lindsay Goldberg Vogel (Jun 2007)
- Legal Name Primary Steel Private Limited
- Date of Incorporation 22 Nov, 2017
- Jurisdiction Jaipur, Rajasthan, India
- Annual Revenue₹17.12 Cr
FY 2024 · +11% YoY
- Net Profit₹4.9 Lakh
FY 2024 · 0% margin
- EBITDA₹36.8 Lakh
FY 2024 · 2% margin
- InvestorsKlöckner & Co
& 1 more
- Acquired byLindsay Goldberg Vogel
(Jun 2007)
Associated legal entities of Primary Steel
Primary Steel operates through Primary Steel Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Primary Steel Private Limited CIN U45309RJ2017PTC059568 | Active | 22 Nov 2017 | Jaipur, Rajasthan | ₹17.1 Cr | 2 | View details |
Products & Services of Primary Steel
Primary Steel offers a comprehensive portfolio of products and services, including TMT Bars, MS Binding Wire, and HR Sheets.
TMT Bars are supplied for construction strength needs.
Binding Wire is manufactured for superior grip performance.
HR Sheets are provided for various construction applications.
Investors in Primary Steel
Primary Steel has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Klöckner & Co and Lindsay Goldberg Vogel.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| lindsaygoldbergvogel.com | ||||
Steel and metal products are distributed producer-independently. | 1906 | kloeckner.com | Duisburg, Germany |
Investor details for Primary Steel
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Primary Steel Private Limited (Primary Steel)
Primary Steel Private Limited is the primary company behind Primary Steel. The board of Primary Steel Private Limited currently have 2 directors; the longest-serving is Ankur Agarwal, appointed in 2017. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ankur Agarwal DIN 07987983 | Director | 22 Nov 2017 | 8 yrs 11 mo | Primary Steel Private Limited |
| Deepmala Agarwal DIN 07987886 | Whole-time director | 22 Nov 2017 | 8 yrs 11 mo | Primary Steel Private Limited |
People of Primary Steel
1 people are tracked at Primary Steel (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder | Leadership |
Complete people profiles for Primary Steel
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Primary Steel
Figures of Primary Steel Private Limited, the primary company behind Primary Steel, for FY 2024. Revenue was ₹17.12 Cr (+11% year on year). Net profit was ₹4.9 Lakh (0% margin). EBITDA was ₹36.8 Lakh (2% margin). Revenue has grown at a compounded annual rate of +73% over three years and +17% over five years.
- ₹17.12 CrRevenue · FY 2024 · +11% YoY
- ₹4.9 LakhNet profit · 0% margin
- ₹36.8 LakhEBITDA · 2% margin
- ₹1.07 CrPaid-up capital
- +73%Revenue CAGR, 3 years
- +17%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Primary Steel Private Limited are on its company page.
Detailed financial statements for Primary Steel
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Primary Steel
2 dated milestones of Primary Steel across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Primary Steel is founded.
- Exit Acquired by Lindsay Goldberg Vogel.
Top companies in Contract & Outsourced Manufacturing
3 companies that operate in the same segment as Primary Steel (Contract & Outsourced Manufacturing) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Industrial components, mould bases, and storage solutions are manufactured globally. | 1986 | Coimbatore, Tamil Nadu, India | USD 28 M | USD 853.09 M | 43 | |
Single- and three-phase transformers are manufactured in Mumbai. | 1993 | Mumbai, Maharashtra, India | USD 114.37 M | 618 | ||
Apparel and clothing are manufactured and exported on contract. | 1979 | Bengaluru, Karnataka, India | USD 400 M | 40,280 |
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Frequently Asked Questions about Primary Steel
Primary Steel was founded in 2006.
Primary Steel is headquartered in Jaipur, India. It is registered at Jaipur, Rajasthan, India.
The primary company behind Primary Steel, Primary Steel Private Limited, reported revenue of ₹17.12 Cr for FY 2024, up 11% year on year.
Primary Steel, based in Jaipur, India, is involved in the supply and manufacturing of structural steel products such as TMT Bars, HR Sheets, and MS Binding Wire. The company serves a wide range of clients, including government and infrastructure bodies like NHAI and PWD, ensuring timely delivery and precise specifications. Additionally, in-house manufacturing of binding wire is conducted to maintain quality and consistency. Support for custom orders and project guidance is also provided to contractors and large-scale projects across Rajasthan.
Primary Steel offers TMT Bars, MS Binding Wire, and HR Sheets.
Primary Steel has 2 investors. Key investors include Klöckner & Co, and Lindsay Goldberg Vogel.
Primary Steel operates through Primary Steel Private Limited.
Yes. Primary Steel was acquired by Lindsay Goldberg Vogel in June 2007.
The legal entities of Primary Steel currently have 2 directors, including Ankur Agarwal, Deepmala Agarwal.