Midwest Limited, originally incorporated as Midwest Granite Private Limited on December 11, 1981, operates in the mining and stone industry. The company underwent multiple rebrandings and structural changes, finally becoming Midwest Limited, a public limited entity, in August 2024. The firm specializes in the exploration, development, and operation of mines, along with stone processing, fabrication, marketing, and export, making it one of the largest producers of premium granite varieties.
Its primary offerings include Black Galaxy Granite and Absolute Black Granite, both in high demand for their aesthetic appeal, durability, and wide applications. Black Galaxy Granite is extensively used in real estate for flooring, countertops, and cladding, while Absolute Black Granite, valued for its uniform black color, is commonly used in architecture, sculptures, monuments, and modern construction designs. The company caters to both domestic and international markets, positioning itself as a leading producer of these sought-after natural stones.
Midwest Limited has also diversified into manufacturing Diamond Wire, used as a precision cutting tool in the mining and construction industries. Initially launched to support its natural stone segment, this division has expanded to meet market demands in India, serving various mining and construction clients. The company operates 16 granite mines located across Telangana and Andhra Pradesh, producing multiple varieties such as Black Galaxy, Absolute Black, and Tan Brown granites. It also runs processing facilities in both states, with a resource base extending across Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu.
Midwest Limited is planning an Initial Public Offering (IPO) to raise up to ₹650 crore. This includes a fresh issue of ₹250 crore in equity shares and ₹400 crore through an offer for sale, which will support the company’s growth and operational expansion.