Riding on its unparalleled quality of products, timely delivery, and high customer retention, Venus Pipes and Tubes has doubled their turnover by every passing year, reaching INR 802 crore in the previous year. The company is also coming up with a pipe-fitting plant worth INR 125 crore. This was revealed by Mr. K.S. Sinha, Executive Director, Venus Pipes and Tubes Limited, during his interaction with Tube & Pipe India.
Tube & Pipe India: Kindly walk us through the business journey of Venus Pipes And Tubes, highlighting major milestones and crucial achievements.
K.S. Sinha: We are a leading manufacturer and exporter of stainless steel pipes and tubes in India. Originally a successful trading enterprise, we embarked on a transformative journey into stainless steel long product manufacturing in 2015. Our unwavering commitment to excellence has driven us to embrace state-of-the-art production technologies, including hot piercing, pilgers, tube mills, draw benches, bright and solution annealing furnaces, and various ancillary machinery.
Venus Pipes and Tubes Limited is a rising company, which has grown immensely in the last eight years. We have doubled our turnover by every passing year, reaching INR 802 crore in the previous year. We are currently positioned at No. 2 in the industry in terms of product quality and turnover. In the next two years, we target to be the market leader.
Venus Pipes and Tubes Limited is the brainchild of Mr. Mahesh Chaudhary, Director of the company. We have a team of young promoters, who are always full of energy. Mr. Chaudhary is one of our promoters, a man with a vision and clear focus.
TPI: What does the product basket of Venus Pipes and Tubes contain? Also, mention the industries where your products find application.
KSS: Pipes are the lifelines of industries, transporting vast quantities of materials every hour, every day. As leading manufacturers of premium stainless steel pipes and tubes, we provide our clients with robust pipes engineered for precise performance and durability, capable of withstanding the most demanding conditions. Our extensive product range comprises stainless steel high precision & heat exchanger tubes, stainless steel hydraulic & instrumentation tubes, stainless steel seamless pipes, stainless steel welded pipes, and stainless steel LSAW pipes.
We are one of the few companies in the country producing welded pipes in the outside diameter range of up to 20 inches, and up to 8 inches seamless pipes. We manufacture stainless steel LSAW pipes in the outside diameter range of up to 56 inches with annealing, which is a rarity in India. Our pipes find application in almost all sectors, including oil & gas, chemicals, fertilizers, space, automobiles, and pharmaceuticals.
TPI: How do you manage to stay ahead of the curve in the industry?
KSS: Venus Pipes and Tubes focuses on innovation, quality, and customer satisfaction.
We take immense pride in consistently delivering superior quality products that strictly adhere to international standards. We ensure timely delivery of all our products, which results in high customer retention. Almost everyone who has done business with us in the last five years has given us repeated orders.
TPI: The government has been introducing various schemes for the ease of business. What regulations would you like the government to introduce in the future?
KSS: We believe policy-making is a completely government’s arena. The Union government has formulated many industry-friendly policies, which have aided the ease of business in the country. All markets across India are experiencing an upward growth trajectory. The manufacturing sector is growing at a fast pace and the trend is expected to continue in the future. If the government chooses to impose a duty on the import of pipes from China and other countries, it would prove beneficial for Indian manufacturers and give a boost to home-grown products.
Indian companies are now ready to compete with foreign-made products, which shows our level of competency and high spirits. In the next five years, there will be a big boom in the Indian pipe industry.
TPI: Kindly share your views on the tube and pipe industry.
KSS: With big players joining the business, the Indian tube and pipe industry is poised for robust growth in all segments. There is healthy competition, as all companies are upgrading themselves and working in different segments. Indian companies are now ready to compete with foreign-made products, which shows our level of competency and high spirits. In the next five years, there will be a big boom in the Indian pipe industry. The future looks bright and promising.
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TPI: Kindly share details about recent developments at Venus Pipes And Tubes. Where do you see yourself five years down the line?
KSS: We will soon be launching new products in a related segment – pipe fittings. We are installing a pipe fitting plant worth INR 125 crore, which will come up in the next 4-5 months. Besides, there are other projects in the pipeline. In the next five years, we wish to become a giant in the tube and pipe industry. We have extensive expansion plans for the future, which you will come to know about soon.
TPI: Please share your views on the second edition of Tube and Pipe Fair in Hyderabad.
KSS: The organisers of the show have done really well. It’s a fantastic show, which has attracted good brands and major companies of the industry. Two years in the show business is a very small time, but you people have shown immense potential. TPF has a very bright future. Your connection with the exhibitors is applaudable. We look forward to TPF 2024 to provide us with information on the current trends driving the industry, along with innovations and product launches. We are hoping to meet new customers and forge new relationships, helping us to take our brand to the next level.
