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Company Information

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GEEKAY WIRES LTD.

15 January 2025 | 12:00

Industry >> Steel - Wires

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ISIN No INE669X01024 BSE Code / NSE Code / Book Value (Rs.) 20.03 Face Value 2.00
Bookclosure 12/09/2024 52Week High 148 EPS 7.37 P/E 12.45
Market Cap. 479.54 Cr. 52Week Low 74 P/BV / Div Yield (%) 4.58 / 0.65 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
The Company was incorporated as "Geekay Wires Private Limited" under the provisions of the Companies Act 1956 on July 25, 1989. The Company has been in the business of manufacturing high quality galvanized steel wires and wire products and have been meeting the requirement of various clients in the government and private sectors like power, construction, automobile, general engineering and domestic segments. The Company was taken over by the Kandoi Family in 2012 and we have over the recent past ramped up the production capacities.

Today; The company is an ISO 9001: 2008 certified, manufacturer, exporter and supplier of the superlative wires and cables, like earth wire, stay wire, ACSR steel core, cable armoured wire, guy strand, barbed wire, spring steel wire, patented wire, detonator wire, and spring steel wire etc. The Company has recently completed expansion project at Isnapur Village, Medak District thereby taking the installed capacity to 45,000 MTS from 15,000 MTS p.a. Further we have also commenced the process of setting up "nails" manufacturing unit at Muppireddypally, Toopran, Medak with an proposed aggregate installed capacity of 10,000 MTS p.a.

We are backed by a strong infrastructural base, which is well equipped with latest technology, advance machines and equipments which assist us in maintaining the quality and quantity of wires. We have a strong focus on manufacturing process and have a full-fledged quality testing laboratory and well qualified and experienced personnel. All raw-materials and consumables are tested at various stages in manufacturing process as per stipulated standards to ensure good quality products which confirms to ISO standards.

Today with robust infrastructure & testing facilities we are in the preferred-vendor list of PGCIL and in many State Transmission & Distribution Companies, electrical contractors, corporate engaged in turnkey business of creating infrastructure for power transmission &distribution, cable &conductor manufacturing, etc. The products are not only accepted in India but we have received accolades from overseas customers also.

MAJOR EVENTS IN THE HISTORY OF THE COMPANY

1989

- Incorporation as Private Limited Company

2012

- Change in the management of the company

2016

- Expansion of installed production capacity from 15,000 MTS to 45,000 MTS

2017

- Converted into a Public Limited Company

- Commenced construction of a second manufacturing unit at Muppireddypally village, Hyderabad for "Wire Nails

2023

-The Company has splits its face value from Rs. 10/- to Rs. 2/-