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 3.0 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 1.0 MTPA of Cement manufacturing facility. Product range of the Group also includes Ferro Alloys and 300 MW of Captive Power Generation Plant. Recently a Coal Mine Block – JAGANNATHPUR – B near Durgapur, West Bengal has been allotted to the group. Group has expertise in providing specialized services in dredging and land reclamation works of complex nature. It also specializes in technical products like PCs, Laptops and Netbook under an established Brand “REACH” with its Company – Reach Infocom.
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. 24,800 Crore and it has built a Net worth of Rs. 13,300 Crore. An amount of around Rs. 8000 Crore has been invested in the manufacturing facilities and the group is the only debt free steel conglomerate in the Eastern India.
We have taken steps for augmenting our steelmaking capacity to nearly 5.0 MTPA, cement 2 MTPA and 500 MW of Captive Power Plant 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 wherein 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 22,000 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 |
5.0 |
| Cement |
MTPA |
0.18 |
0.36 |
0.36 |
1.00 |
1.00 |
1.00 |
2.00 |
| Power |
MW |
0 |
18 |
36 |
250 |
280 |
348 |
600 |
| Pellet |
MTPA |
0 |
- |
1.50 |
4.00 |
5.00 |
9.00 |
11.00 |
| Turnover |
Rs. In Crs. |
60 |
1600 |
2200 |
8600 |
12000 |
24800 |
35000 |
| Investment |
Rs. In Crs. |
40 |
1900 |
2700 |
5000 |
6500 |
8000 |
12500 |
| Net worth |
Rs. In Crs. |
40 |
1600 |
2200 |
5000 |
6500 |
13300 |
16000 |
| Employment |
People |
600 |
2000 |
4200 |
15000 |
18500 |
22000 |
30000 |
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.
