ABSTRACT: TULSYAN NEC LTD.

SUBMITTED BY,
Jithin Prakash
S2, Mb
School of Management and Business Studies
M G University

Company Chosen: Tulsyan NEC Ltd

Established in 1947, Tulsyan NEC Ltd is an ISO 9001-2000 Certified Company. The company
has operations in Steel Manufacturing, HDPE/PP Woven Sacks & Power. Tulsyan NEC Steel
is one of India's leading manufacturers of Thermo Mechanically Treated (TMT) Bars.

Tulsyan NEC Ltd. is engaged in manufacturing of TMT bars, synthetics woven fabrics and
sacks. The product line includes TMT bars, billets and ingots in the steel division, while its
synthetic division includes PP woven sacks, FIBC and woven fabric.

Industry And Size Of Industry: Steel & Synthetic Industry

The company belongs to the manufacturing iron & steel and poly woven fabrics and sacks industry.
The global market for polypropylene woven bags and sacks market was valued at US$
3,421.5 million in 2017. The market is expected to expand at a CAGR of 4.2% over the forecast period,
2018-2028
Studies show that Over the next five years, the global steel industry market will approach
USD 1 trillion in market size.
India’s finished steel consumption grew at a Compound annual growth rate of 7.5 per cent
during FY08-FY19 to reach 97.54 MT. India’s crude steel and finished steel production
increased to 106.56 MT and 131.57 MT in 2018-19, respectively. In FY20 (till February 2020),
crude steel and finished steel production stood at 100.78 MT and 94.01 MT respectively.

Products And Annual Sale Turnover

 ➢ The major products manufactured by the company include TMT Bars, Sponge Iron,
Billets and Ingots in the steel division and PP Woven Sacks, FIBC and Woven Fabric
in the synthetic division.
➢ The company has an annual sale turnover of 842.55 cr in the F.Y 2018-19 out of which
72.02% is from steel products, 18.91% is from synthetic division and 9.07% from
power generation.

Number Of Employees
Tulsyan company has nearly 1710 employees including contract labours

Number Of Plants
The company has a total of 3 major plants out of which 2 are in Chennai (Ambattur and
Gummudipoondi) and 1 in Bangalore (Doddaballapura).

Major Competitors
• Synthetics division
Key players operating in the global market in polypropylene woven bags and sacks include
➢ Mondi Group plc
➢ United Bags, Inc
➢ Berry Global, Inc.
➢ Muscat Polymers Pvt Ltd
➢ Al-Tawfiq Company
➢ Emmbi Industries Limited

The major Indian competitors in this division include

➢ ISPA EXIM PVT LTD
➢ Lamifab industries
➢ PVN fabric Pvt ltd

• Steel division
The major competitors in this division include
➢ TATA steel
➢ JSW steel
➢ Steel authority of India
Major Customers
Steel division
➢ DLF group of companies
➢ TVS group of companies
➢ HCL technologies ltd
➢ Gammon India ltd
➢ Cognizant technologies
➢ Larson & turbo ltd
➢ Prestige group of companies
Synthetic division
➢ Dalmia cement (Bharath) ltd
➢ Grasim industries ltd
➢ Ultratech cement ltd
➢ Associated cement companies
➢ Mangalore chemicals and fertilizers ltd
➢ Industrial mineral company