Systematic Industries Ltd Company Summary

Systematic Industries Ltd Summary

Systematic Industries Limited was initially incorporated on March 24, 2000 as Systematic Intel Industries Limited a Public Limited Company. Thereafter, Company was converted into a private limited, from Systematic Intel Industries Limited to Systematic Intel Industries Private Limited vide a fresh Certificate of Incorporation issued by the Registrar of Companies, Mumbai dated August 01, 2003. Thereafter, Company changed the name from Systematic Intel Industries Private Limited to Systematic Industries Private Limited vide a fresh certificate of incorporation on April 26, 2012. Subsequently, Company was converted into a public limited, and the name changed from Systematic Industries Private Limited to Systematic Industries Limited vide a fresh Certificate of Incorporation dated December 06, 2024, by the Registrar of Companies, Central Processing Centre, Manesar. Systematic Industries is operating in the business of manufacturing and supplying of various steel wires and cables, catering to the needs of power transmission, infrastructure, telecommunications, agro-based and allied industries. The product portfolio includes Steel wires such as Carbon steel wire (MS Wire), High carbon wire (HC Wire), Mild Steel (MS) Wire, Galvanized Iron (GI) Wire, Cable Armour Wire, Aluminium conductor steel-reinforced cable (ACSR Core wire), Aluminium Clad Steel (ACS) Wire etc. along with Optical Ground Wires (OPGW) and Optical Fibre Cable (OFC), which has electrical and mechanical properties that are suitable for applications in power generation, data transmission and distribution.The Company started its production in Factory situated at Sayli, Silvassa, whereby it manufactured and supplied Steel Wires in year 2002-03. Gradually, it expanded the business by venturing into manufacturing of various other Steel wire products such as Mild Steel (MS) Wire, Galvanized Iron (GI) Wire, Aluminium Clad Steel (ACS) Wire etc. The factories have a combined installed capacity of 1,00,000 MTPA for producing various steel wires such as galvanized wire, wires for power industries, high and low carbon steel wires etc. In 2019-20, the Company started production at Naroli unit in Silvassa, further at Umerqui, Silvassa in 2021-22 and now at Umbergaon, Valsad in 2024.In the Draft Prospectus, the Company is planning an IPO aggregating an issue of 59,28,000 equity shares of Rs 10 each comprising a fresh issue of 55,28,000 equity shares and 4,00,000 equity shares through offer for sale.