The strength of a nation indicates immense inspiration for the capabilities of the manufacturing industry. Infrastructure tailored with quality and longevity builds the foundation of our brick and mortar society. Today, Business Outreach Magazine wants to pull up the curtains for a company, which has been leading the industry with its innovation and strategy for decades.
Balmukund Steel was founded in 1995 by Late Gopal Krishna Kanodia. The company, located in Patna, India, provides industry standard bars and rods of various sizes to meet the growing demands of the customers.
A Brief History-
Balmukund Steel has garnered decades of experience and built long-standing relationships with vendors and distributors. The company has a capacity of about 200,000 tons on a double-shift basis. They manufacture steel Rods (CTD/ TMT/CRS) in sizes ranging from 6 mm to 32 mm rolled goods. These rolled goods, including 6, 8, 10, 12, 16, 20, 25, and 32 mm rods, are widely employed in building and civil construction projects.
We can understand that Balmukund Steel has been sustaining a cordial business model, as they devote their passion towards the job. This is indicated from the fact that the company ensures that clients receive their order consignment on the scheduled time.
Under the leadership of Rajeev Kanodia, Director, Balmukund Steel, the company always aims for 1 day or 2 day delivery. Rajeev adds, “Balmukund Steel firmly believes that ‘togetherness is the key to success’. With this motto, Balmukund Steel promises to deliver the finest quality products to its customers on time and at a competitive price. Balmukund Steel is determined to keep alive the feeling of growing together. This feeling extends from the company to all its employees, clients, suppliers, and all dealers attached to the company.”
Struggles and Success Stories-
Such dedication from senior leadership positions Balmukund Steel at the pinnacle of growth and market sustainability. When it comes to the company culture, Balmukund Steel under the supervision of Rajeev Kanodia and Sanjeev Kanodia, CEO, empowers transparency and ethical standards of business. Keeping the company’s strategic interest in mind, Balmukund Steel always sculpts the best approach towards productivity and efficiency.
Rajeev has been very vocal about the importance of technological innovation in today’s economy. Balmukund Steel recognizes this requirement and is proud to be a manufacturer of 6 mm to 32 mm TMT bars in India. These products are created using a unique and fully-integrated production process that employs optimum technology and quality checkpoints at every stage. These bars offer an unrivaled combination of strength, ductility, exceptional weldability, and what the company refers to as the ‘strength of truth’.
Balmukund Steel procures raw materials from companies like Tata Steel and Jindal Steel. The raw materials, which are M S billets/ingots of IS2830 quality, are self-produced and purchased under a rigorous quality control system. The company also undergoes physical inspection to avoid maximum errors and thereby bolsters product quality. The quality control team that includes foremen and qualified supervisors ensures that standards are met. Qualified engineers play a crucial role in maintaining optimum product value.
Values are documented and recorded lot by lot in accordance with IS1786/1985 for TMT bars and IS-2830 for billets/ingots, and serve as the foundation for issuing test certificates to clients. These reports are also submitted to the consultant, whose suggestions for improving the quality of the materials are implemented.
Key Takeaways-
When we analyze closely, the TMT bars from Balmukund also go at par with BIS norms. The impeccable growth of Balmukund Steel owes it to their three stage testing process. This include the raw material stage, where the material is placed into rigorous chemical and physical checks, the manufacturing stage, where expert technicians check process parameters such as the temperature of the bar, the diameter, and so on and final sage is the pre-dispatch quality check, which includes testing of the physical and chemical properties of the bars. The testing laboratory boasts the utilization of cutting-edge assessing equipment such as the UTM-50MT capacity machine for testing the physical qualities of the bar.
Sanjeev Kanodia, CEO, says “You can be sure of two things when you buy a Balmukund TMT bar. They bring quality and endurance to your structure.”
In spite of Balmukund Steel having a modest beginning, the company is now poised to write new chapters of excellence in the production of high-quality TMT bars. The decades of manufacturing craftsmanship has increased Balmukund Steel’s turnover from Rs. 35 crore (1995-1996) to Rs. 750 crore (2022-2023).
The capacity increased from 30,000 TPA in 1995-96 to 1,25,000 TPA in 2022-23. Balmukund steel is available in more than 1100 registered dealers all over the eastern part of India. The company is further strategizing to expand out footprints in the market of West Bengal, Jharkhand, and Odisha. When we asked Rajeev Kanodia about his take on inspiration, he said, “Working in collaboration is the key to success.”
