Mardia Samyoung Capillary Tubes Company Limited, established in 1992 as a joint venture between the Mardia Group and Samyoung Jung Kwan Company of South Korea, specializes in manufacturing non-ferrous metal tubes and pipes. With a manufacturing facility in Silvassa, the company initially focused on capillary and thin-walled tubes made from materials like brass and copper, catering to industries such as electronics and automotive. Despite financial challenges, including being referred to the Board for Industrial and Financial Reconstruction (BIFR) in 1999, the company pursued a rehabilitation scheme, merging with Mardia Tubes Ltd and Mardia Extrusions Ltd in 2015 to enhance shareholder value and streamline operations.
In recent developments, the company expanded its scope by adding Art Dealership to its business activities in 2018-19. The company's strategic moves, including a public issue in 1994 and technical and financial collaboration with Samyoung, South Korea, reflect its efforts to stabilize and diversify its portfolio amidst financial restructuring.
