Kasturi Metal Composite Limited, originally established as a private limited company in 2005 and later converted to a public limited company in 2024, specializes in manufacturing and exporting steel fiber products for industrial use. Under its brands Duraflex, Durabond, and Durocrete, the company caters to the construction, engineering, automotive, and infrastructure sectors by offering products such as Loose Hook-End, Glued Hook-End, and Flat Crimped Steel Fibers, as well as Steel Wool Fiber for friction linings in brake pads and clutches. These products are critical in applications like tunnel shotcrete, precast concrete, road construction, pavements, hydroelectric plants, and automotive friction linings.
The company has steadily expanded its operations since acquiring its first manufacturing unit in Maharashtra in 2006-07. It diversified into steel wool fibers in 2010 to address automotive and industrial needs and further broadened its infrastructure with the acquisition of a second unit in 2015 and a third in 2021, both in the Amravati district of Maharashtra. In 2014, Kasturi Metal Composite acquired Kasturi Industries as a going concern, solidifying its business base, and in 2024, it gained 98% ownership of Durafloor Concrete Solutions LLP, positioning it as a subsidiary.
Kasturi Metal Composite's products are widely used in infrastructure projects such as tunnels, bridges, highways, and industrial flooring, ensuring high-quality and durable solutions for advanced construction and engineering projects. The company consistently delivers value and quality across diverse sectors and applications, highlighting its strong market presence and specialization.
The company is preparing to launch an IPO, offering 27,52,000 fresh equity shares at ₹10 each, signaling its readiness to grow its operational capabilities and market reach further. This move shows its ambition to bolster its market standing and cater to a broader audience.
