We know that S Gupta Family Investments Private Limited holds 4% share in Krishca Strapping Solutions as a strategic partner.
In S Gupta Family Investments, Neera Gupta and Megha Gupta are the directors.
Neera Gupta is wife of Sanjay Gupta and Megha Gupta is daughter-in-law of Sanjay Gupta.
Neera Gupta also holds 11.39% share in SG Mart.
After analysing this information, it seems that strategic partnership between APL Apollo and Krishca is happened considering the requirements of SG Mart. As SG Mart is going to open 100 service centers and warehouse throughout India by 2030, where the strapping & packaging is going to be a crucial element. (For details anyone can go through the thread of SG Mart).
Along with getting strapping and packaging contract from SG Mart, krishca can also use the reach of SG Mart to sell their hardened & tempered speciality steel products from its new plant, commissioned in May 2024.
Krishca is also in the process of setting up a Cold rolled steel strips mill and a MIG welding wire plant. As per management 35% of Cold Rolled steel strips will be use for captive consumption and remaining will be sold in market. For selling these products in future, again SG Mart can play the role of an intermediary.
So, this strategic partnership is a win-win situation for both parties.
Few more things on hardened & tempered/Cold rolled steel strips:
Hardened and tempered /Cold Rolled steel strips are used in a variety of industries, including: Automotive, Electrical, Medical, Hand tools, and Agricultural. There isn’t much information about the size of the hardening and tempered steel strips and Cold Rolled Steel Strips industry in India, but here are some companies that manufacture and supply these strips:
Stelco Limited is one of the leading Manufacturers of Hardened & Tempered Steel Strips with a production capacity of about 22000 MT/annum and Cold Rolled Steel Strips with a production capacity of 35000 MT/annum. https://stelcolimited.com/
KND Steel Syndicate was established in 1981, India’s leading manufacturer & exporter of Low, Medium & High Carbon annealed steel strips and Hardened & Tempered steel strips. https://www.kndsteel.com/
Steel Corporation India is a leading manufacturer of hardened and tempered steel strips and Cold Rolled Steel Strips in India. https://www.steelcorp.in/
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