About Venus Pipes & Tubes Limited

Venus Pipes & Tubes Limited is a stainless-steel pipes and tubes manufacturer established in 2015, operating a state-of-the-art facility at Dhaneti, Kutch, with logistical access to Kandla and Mundra ports and an installed capacity of 38,400 MTPA plus backward integration of 14,400 MTPA as of March 31, 2025. The Company serves chemicals, engineering, pharmaceuticals, oil & gas, power, food processing, paper, defence, and aerospace through seamless and welded stainless-steel pipes/tubes and has expanded into high-precision/heat exchanger tubes, hydraulic/instrumentation tubes, and LSAW pipes per its product portfolio in the report, with exports to 30+ countries and a direct and network-led go-to-market model. Corporate experience includes beginning with stainless-steel long products in 2015 and building advanced manufacturing and testing (including NABL-accredited in-house lab) with certifications such as ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, AD 2000 W0, IBR, and BIS, supported by an allocated plant land area of 2,02,545 sq. m and proximity to ports at 55 km and 75 km respectively. As on FY 2024-25, revenue from operations was Rs 958.50 crore, with domestic Rs 620.38 crore and exports Rs 338.14 crore; management reports one reportable segment (pipes/tubes/steel) with operations located in India, while geographical revenue is disclosed separately in notes. The Company is expanding into fittings (elbows, tees, reducers, flanges, etc.) per amended objects and is commissioning value-added welded tubes and upcoming seamless capacity/vertical integration phases to strengthen its integrated piping solutions positioning.

Venus Pipes & Tubes Limited Business Segment

• Product mix: Seamless stainless-steel pipes and tubes; welded stainless-steel pipes and tubes; value-added welded tubes; planned fittings; backward-integrated hollow manufacturing for seamless.

• FY 2024-25 product contribution: Seamless contributed 57% value (Rs 543.40 crore), welded 36% value (Rs 349.40 crore); balance from other/adjustments as per narrative; export share of revenues was 35%.

• Geographic split (FY 2024-25):
  • India — Rs 620.38 crore (64.7%)

  • International — Rs 338.14 crore (35.3%)

Venus Pipes & Tubes Limited Key Management

• Arun Axaykumar Kothari — Managing Director

• Dhruv M. Patel — Whole Time Director

• Kunal Bubna — Chief Financial Officer

• Pavan Kumar Jain — Company Secretary and Compliance Officer

• Chairman noted in financial signatory block as “Mr. Arun Kothari, Chairman & Managing Director” in signature context; Board and leadership are as per corporate pages within the report.

Latest Updates on Venus Pipes & Tubes Limited

• Commissioned 3,600 MTPA value-added welded tube line in May 2025, raising welded capacity to 27,600 MTPA as part of Phase 1 capex.

• Backward integration: 14,400 MTPA piercing line operational, enhancing efficiency and margins; hollow manufacturing integrated for seamless.

• Entering fittings: Object Clause amended to include fittings manufacturing, distribution, and related services; fittings capacity slated to go live in H2 FY 2025-26.

• Export scale-up: Export revenue grew over 3x to Rs 338.14 crore, 35% of revenue; expanded presence in the US, Middle East, and Africa, with operations now across 30+ countries.

• Capacity roadmap: Total installed capacity 38,400 MTPA as of March 31, 2025; expected to reach 46,800 MTPA by FY 2025-26 through two phases, including 4,800 MTPA seamless capacity and further backward integration in Phase 2 (target H2 FY26).

• Quality and approvals: Achieved NABL accreditation for the in-house lab; secured a Rs 190 crore seamless boiler tube order, demonstrating entry into quality-critical domains.

• Renewable energy: Operationalised a 1.3 MW solar plant for manufacturing operations in FY 2024-25.