This is the List of Top Abrasive Manufacturers in India sorted as per Total sales before that take a look at the Abrasive Industry in India.
Abrasive Industry India
The Abrasives industry in India currently has two major players offering a full range of Abrasives products. Apart from these two major players, there are several European, Korean and Japanese players present in the market through their agents or distributors. Also, there are several small local players present in a select range of products. Here is the list of Abrasive manufacturers in India.
List of Abrasive Company in India
Here is the List of Top Abrasive Manufacturers in India and is ranked based on total sales in recent years.
1. Carborundum Universal Ltd
Carborundum Universal Limited (CUMI) was founded in 1954 as a tripartite collaboration between the Murugappa Group, The Carborundum Co., USA and the Universal Grinding Wheel Co. Ltd., U.K. Largest Abrasive manufacturers in India based on the Turnover.
The Company pioneered the manufacture of Coated Abrasives and Bonded Abrasives in India in addition to the manufacture of Super Refractories, Electro Minerals, Industrial Ceramics and Ceramic Fibres.
- Total Sales: Rs 2,751 Cr
- Profit: Rs 238 Cr
- Market Cap: 6,213 Cr.
- ROE: 15.01 %
- Sales Growth (3Yrs): 11.42 %
- Promoter holding: 42.08 %
- Debt to equity: 0.04
- Price to book value: 3.40
Today, the Company’s range of over 20,000 varieties of Abrasives, Ceramics, Refractory products and electro-minerals manufactured across several locations in and outside the country. The Company is largest Abrasive Manufacturers in India.
CUMI’s products are being exported to more than 50 countries spread across North America, Europe, Australia, South Africa and Asia
2. Grindwell Norton Ltd
Grindwell Norton (GNO), a company listed on the Bombay and National Stock Exchanges, pioneered the manufacture of grinding wheels in India in 1941.
In 1990, Saint-Gobain acquired Norton Company, USA, worldwide and thereby became a shareholder in GNO. In 1996, Saint-Gobain increased its equity stake, making GNO its first majority-owned subsidiary in India.
- Total Sales: Rs 1,604 Cr
- Profit: 178 Cr
- Market Cap: 6,315 Cr.
- ROE: 14.97 %
- Sales Growth (3Yrs): 11.57 %
- Promoter holding: 58.32 %
- Debt to equity: 0.00
- Price to book value: 5.75
Today, GNO’s businesses include: Abrasives, Ceramic Materials Businesses (Silicon Carbide and Performance Ceramics & Refractories), Performance Plastics and ADFORS. One of the largest Abrasive manufacturers in India.
The Saint-Gobain Country Head office, INDEC (the captive India IT Development Centre for the Saint-Gobain Group globally) and CertainTeed are also part of GNO. GNO’s subsidiary, Saint-Gobain Ceramic Materials Bhutan Pvt. Ltd., manufactures Silicon Carbide.
The Group currently holds 51.66% of the equity capital of GNO.
3. Wendt India Ltd
Wendt (India) Limited (WIL) was incorporated in 1980 as a Joint Venture between Wendt GmbH and The House of Khataus. In 1991, Carborundum Universal Ltd (CUMI), 5.3 billion USD Billion Murugappa Group Company acquired the Khatau’s stake in the business.
Since then WIL has been a 40 – 40 Joint Venture between Wendt GmbH and CUMI. The public holds the balance of 20% equity. Wendt India is one of the Abrasive manufacturers in India
- Total Sales: Rs 163.56 Cr
- Profit: 14.05 Cr
- Market Cap: 596.60 Cr.
- ROE: 12.28 %
- Sales Growth (3Yrs): 6.87 %
- Promoter holding: 79.74 %
- Debt to equity: 0.00
- Price to book value: 4.36
Wendt India is ranked among the Top 25 successful Indo-German JVs by the Indo-German Chamber of Commerce (IGCC).
4. Hindustan Abrasives
Hindustan Abrasives is a market disruptor with their innovation led manufacturing and customer-first approach. The company is poised to become a global leader in Grinding Wheels and other Abrasive solutions.
The company is NO1 Manufacturer & Supplier of Grinding Wheels & Rice Rubber Roll. From Gear Grinding to Rice Whitening and everything in between, The companies precision grinding wheels, cones and other products offer consistent quality and superior cutting, grinding and polishing action.
- Founded : 1985
- Manufacturing area : 1,00,000 Sq. Ft.
Since 40 years the company core engineering and utmost service, and performance optimized solutions has helped hundreds of clients across the globe get the best results even in the most complex and challenging applications. The company is among the top Abrasive manufacturers in India.
5. Sterling Abrasives Limited (SAL)
Sterling Abrasives Limited (SAL) is Founded in 1969 by Mr. Nitin Parikh. Sterling Abrasives Limited (SAL) is an ISO 9001 : 2015 certified enterprise manufacturing a wide range of grinding wheels for The past four decades.
The company is one of the leading manufacturers of Grinding Wheels. making full range of Vitrified & Resin Bonded Grinding Wheels upto Diameter 1220mm. The company Product quality is comparable with the best in the industry.
Sterling Abrasives Limited today caters to the need of major Industries like Auto, Auto Components, Bearing, Steel, Spring, Surgical Blades, General Engineering etc. With The In house development, Sterling Abrasives Ltd. has mastered The manufacturing of Rice Rollers and is the largest supplier of Rice Polishing wheels in India.
6. Orient Abrasives
Orient Abrasives is India’s largest manufacturer of Calcined and Fused Alumina products. Orient Abrasives was set up in 1974, in technical collaboration with Karborundum, Bentueky, Czechoslovakia by the Rajgarhia group of industries as a venture to manufacture Calcined and Fused Alumina products.
- Total Sales: Rs 346 Cr
- Market Cap: ₹ 274 Cr.
- Dividend Yield: 0.66 %
- ROCE: 12.7 %
- Face Value: ₹ 1.00
- Promoter holding: 63.6 %
- Debt to equity: 0.15
Today, the Company enjoys the position of being the largest producer of Calcined and Fused Products in India. An ISO 9001 certification and a strong management have led the way for the Company to become a large organization, recognized for its quality offerings.
7. Welcast Steels Ltd
Welcast Steels Ltd is a leading Indian manufacturer of municipal and agricultural castings with satisfied clientele across North America, Europe, Africa, Asia, and Australia. Our products are measurably superior in terms of its inherent metallurgy, dimensional accuracy and surface finish.
- Total Sales: Rs 270 Cr
- Market Cap: ₹ 24.0 Cr.
- Book Value: ₹ 487
- Dividend Yield: 0.00 %
- ROCE: -0.13 %
- Face Value: ₹ 10.0
- Promoter holding: 74.8 %
- Debt to equity: 0.07
The company customer service and delivery precision is amongst the finest in the industry. The company also has experienced design and development team is capable of developing the most critical castings. The company production and quality control teams are separate and independent of each other.
| No | Company Name |
| 1 | Carborundum Universal Ltd |
| 2 | Grindwell Norton Ltd |
| 3 | Wendt India Ltd |
| 4 | Hindustan Abrasives |
| 5 | Sterling Abrasives Limited (SAL) |
| 6 | Orient Abrasives |
| 7 | Welcast Steels Ltd |
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