Anand Seamless Limited
Anand Seamless Limited is a Gujarat-based manufacturer specializing in seamless carbon steel and alloy steel tubes and finned heat exchanger tubes. The company serves industrial customers in oil & gas, petrochemicals, power plants, and process industries across domestic and international markets.
Overview
About the Company
Anand Seamless Limited was incorporated in 2005 and operates as a manufacturer of seamless tubes, pipes, and finned tubes for industrial applications. The company produces carbon steel and alloy steel seamless tubes, heat exchanger tubes, U-tubes, and various finned tube types including extruded, low-fin, embedded, welded, crimped, and studded variants. These products find widespread use across oil and gas, petrochemicals, power generation, pharmaceuticals, chemicals, railways, textiles, automobiles, defense, and cement sectors. The company runs an integrated manufacturing facility located at Survey No. 944, Chhatral-Kadi Road, Indrad, Kadi, Gujarat. Its customer base spans both domestic Indian markets and international destinations including the United States, United Arab Emirates, and Germany. As of March 31, 2026, the company employed 81 permanent and 57 contractual staff at Unit I, plus 19 permanent and 10 contractual personnel at Unit II.
Company Details
📋 Objects of Issue (Use of Proceeds)
- › Financing capacity expansion, technological upgradation, cost optimization of operations and support to the manufacturing facility at Survey No. 944, Ankhol Patiya, Chhatral-Kadi Road, Village Indrad, Mahesana, Kadi, Gujarat, India, 382715 – ₹13.20 crores
- › Full or part repayment and/or prepayment of certain outstanding secured and unsecured borrowings – ₹5.73 crores
- › General corporate purposes – ₹3.70 crores
- › Issue expenses – ₹3.13 crores
✅ Strengths
- ✓ Diversified product range covering seamless and finned tubes for multiple industries
- ✓ International accreditations and product approvals ensuring global market access
- ✓ Extensive quality control systems maintaining high product reliability
- ✓ Broad customer diversification across sectors and geographies
- ✓ Experienced and qualified management team with industry expertise
- ✓ Integrated manufacturing facility strategically located in Gujarat
- ✓ Strong long-term customer relationships ensuring recurring business
⚠️ Risks
- ! High revenue concentration with top customers accounting for 59.21% of FY26 revenue
- ! Significant dependence on limited number of raw material suppliers
- ! Risk of machinery order delays causing severe project cost overruns
- ! Vulnerability to under-utilization of existing and newly expanded manufacturing capacity
- ! Risk of default on existing secured and unsecured borrowing covenants