Riding high on robust growth, coupled with a significant surge (58.81 percent in FY22) in revenue, Krypton Steelworks is taking great strides to become a leading provider of high-quality stainless steel solutions in India. This was shared by Mr. Nigamananda Choudhary, Director, Krypton Steelworks Private Limited, during his interaction with Tube & Pipe India.
Tube & Pipe India: Please walk us through the history of Krypton Steelworks, highlighting major milestones and crucial achievements.
Nigamananda Choudhary: Krypton Steelworks was founded with a clear vision to deliver top-notch stainless steel solutions to the Indian market. The commitment to quality and innovation set the tone for our journey. Collaborations with architects, builders and industrial clients strengthened Krypton’s market presence. Customized solutions and timely deliveries became our hallmark. Achieving ISO certifications and industry awards validated Krypton’s commitment to excellence. Our stainless steel products were recognized for durability, corrosion resistance, and aesthetic appeal. Positive feedback, repeat business, and referrals fueled Krypton’s growth, while our customer-centric approach ensured long-lasting relationships.
TPI: What does the product basket of Krypton Steelworks Private Limited contain? Which are the industries where your products find application? Also give information about your manufacturing facility.
NC: Krypton manufactures stainless steel pipes in various grades, including 202 and 304. The industries that benefit from Krypton’s products include construction, infrastructure, automotive, plumbing, processing and manufacturing. Our commitment to quality ensures reliable solutions for diverse applications. Our manufacturing plant is located at Baijamunda village near Sambalpur town in Odisha. Its annual production capacity is around 2000 tons.
TPI: What is the USP of Krypton Steelworks?
NC: Krypton maintains rigorous quality checks at every stage of production. From raw materials to finished products, we ensure consistency and adherence to international standards. Krypton invests in R&D to innovate and improve their stainless steel solutions. This includes enhancing corrosion resistance and optimizing manufacturing processes. Krypton actively engages with customers, seeking feedback and tailoring solutions accordingly. It embraces cutting-edge machinery and automation, which boosts efficiency, precision, and product quality. Our skilled technicians and engineers contribute to excellence. Regular training keeps them updated on industry trends. Krypton’s eco-friendly practices resonate with environmentally conscious clients. Recycling and waste reduction are integral to our ethos. Krypton Steelworks combines quality, innovation, and customer focus to maintain its competitive edge.
TPI: Please share details about research and development.
NC: Research and Development is the lifeblood of any forward-thinking company. It drives innovation. Companies that invest in R&D stay ahead of the curve by developing new products, processes, and technologies. It’s a competitive differentiator. Unique offerings attract customers and strengthen market position. R&D teams tackle complex challenges. They optimize existing solutions, improve efficiency, and address industry pain points. Whether it’s enhancing product quality or streamlining operations, R&D delivers tangible benefits. It isn’t just about short-term gains, but shaping the future. Think of breakthroughs like vaccines, renewable energy, or AI – they all stem from robust R&D efforts. R&D fuels growth, resilience, and relevance. Companies that invest wisely reap rich rewards!
TPI: How do you plan to enhance your business presence in India as well as at the global level?
NC: Krypton is taking strategic steps to consolidate its presence both at the national and global level. It strengthens existing relationships with Indian clients by collaborating with local builders and architects, and investing in infrastructure projects. It is targeting untapped regions in India, and investing in marketing, distribution & after-sales service. For enhancing global presence, Krypton identifies high-potential markets such as Southeast Asia, the Middle East & Europe, and makes customized products for international standards. The company participates in global trade shows on the steel industry and networks with potential clients & distributors. It partners with international distributors or manufacturers, leveraging their networks for market entry. It continues research to develop specialized stainless steel products and addresses unique needs in different markets. Krypton has embraced eco-friendly practices, which are appreciated by global clients. Krypton intends to enhance its digital presence by enhancing the company website and highlighting product specifications, certifications, and case studies. It engages on platforms like LinkedIn, showcasing success stories and industry insights. A mix of local focus and global vision is propelling Krypton Steelworks towards greater success.
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TPI: Kindly share your views on trade fairs. How do you think such events help the industry?
NC: Trade fairs bring together manufacturers, suppliers, distributors, and potential clients, thus providing the companies with networking opportunities to form strategic alliances, explore collaborations, and expand their business networks. Industry-specific fairs showcase the latest products, technologies, and innovations. The visitors and participants gain insights into market trends, consumer preferences, and emerging technologies.
Exhibitors display their offerings, allowing visitors to see, touch, and experience products firsthand. Live demonstrations at such events highlight product features, quality, and applications. The seminars, workshops and panel discussions organized during trade fairs provide valuable information as experts share best practices, industry updates, and case studies. They increase brand visibility and credibility of a company as a well-executed booth design and engaging interactions leave a lasting impression on visitors. Trade fairs foster growth, knowledge sharing, and industry synergy
Krypton strengthens existing relationships with Indian clients by collaborating with local builders and architects, and investing in infrastructure projects. It is targeting untapped regions in India, and investing in marketing, distribution & after-sales service. For enhancing global presence, Krypton identifies high-potential markets such as Southeast Asia, the Middle East & Europe, and makes customized products for international standards.
TPI: What are your expectations from Tube & Pipe Fair 2024?
NC: We are participating as an exhibitor for the first time in Tube & Pipe Fair 2024 and what can be the best platform than this to start our journey towards our commitment to show our presence in the stainless world. We hope to turn this platform into the best one to reach each and every aspect of stainless steel.
TPI: Please share details of recent developments at Krypton Steelworks Private Limited. Where do you see yourself five years down the line?
NC: For the financial year ending in 2022, Krypton Steelworks experienced significant growth. Our revenue surged by 58.81 percent, while profitability increased by 294.9 percent. We will continue to expand our market presence both within India and globally in future as well. Krypton will continue investing in R&D to stay ahead in the industry.
Our focus will remain on eco-friendly practices and sustainable solutions. We will continue partnerships and collaborations to enhance our offerings. Krypton will continue its future journey with commitment to quality, innovation and adaptability.
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