 | |
| Formerly | Skipper Investments Limited Skipper Steels Limited |
|---|---|
| Company type | Public |
| NSE: SKIPPER BSE: 538562 | |
| ISIN | INE439E01022 |
| Industry | Iron,Steel |
| Founded | 1981; 45 years ago (1981) inKolkata, India |
| Founder | Sadhu Ram Bansal |
| Headquarters | , India |
Area served | Worldwide |
Key people | Sajan Kumar Bansal(Managing director) Amit Kiran Deb(Chairman) Sharan Bansal(Director) Devesh Bansal(Director) Siddharth Bansal(Director) |
| Revenue |  ₹1711.09 Crore (March 2022[1]) |
| Total assets | ₹1166 Crore (2022[2]) |
Number of employees | 2135 (2021) |
| Parent | SK Bansal Group |
| Subsidiaries | Skipper Pipes |
| Website | Official website |
Skipper Limited is an Indiantransmission and distribution structure manufacturing company, founded in 1981. It is headquartered inKolkata, India. The company is a part of the SK Bansal Group, promoted by Sajan Kumar Bansal. Skipper Limited operates in thePower transmission and distribution and polymer pipes and fittings segment with presence across sub-segments such asTowers,EPC, Monopoles and Poles. It is the third largest company in India in terms of manufacturing capacity of Power T&D structures.[3] It exports to over forty countries acrossSouth America,Europe,Africa, theMiddle East,South Asia andAustralia.[4]
In 2021, the company was ranked at #61 inFortune magazine's "Next 500" list of Indian companies.[2] Skipper Limited was listed in India's Top 500 Companies 2016 and 2021 list byDun & Bradstreet.[5][6]
The company was incorporated as Skipper Investments Limited in 1981. It was renamed Skipper Steels Limited in 1990 and diversified to manufactureTelecom Towers and High Masts. It changed its name to Skipper Limited in 2009. It set up an LPG Gas Cylinder unit in 2001, followed by establishing its first tube mill in 2003. In 2005, the company set up its firstGalvanising plant. Skipper received Power grid approval for the Tower unit and got an order for 400kV towers in 2006.
In 2007, it forayed into the value addition ofSteel Tubes asscaffolding. In 2009, Skipper Limited received an order for 800KV transmission tower from Power Grid Corporation of India Limited. It also commissioned aPolymer production manufacturing Unit inUluberia,West Bengal and a double side Tube GI Plant in 2009.[5]
In April 2015, Skipper Limited set up a PVC manufacturing facility inAhmedabad,Gujarat, with a capacity of 10,000 metric tonnes. The Ahmedabad plant was commissioned with an investment of₹ 50 crores.[7] In December 2015, Skipper entered theNortheast India by commissioning its manufacturing plant inGuwahati,Assam with a capacity to manufacture 4000 MTPA of plumbing and agricultural pipes.[8]
In January 2016, the company set up one of India's largest galvanizing plants inUluberia,West Bengal. The plant is meant for structures that are 2.5m in diameter and 12m in length. The total galvanizing capacity of the plant is 8000 tonnes per month.[9] It set up a PVC products plant inSikandrabad,Uttar Pradesh in 2016, which has a capacity of about 8,000 metric tonnes.[10]
In March 2017, the company invested₹70 crores and set up a new plant inPalasbari,Guwahati, which has a capacity to manufacture 30,000 tonnes ofengineering products and 7000 tonnes ofpolymer products annually.[11]
Skipper Limited is engaged in the power distribution and transmission infrastructure sectors. It exports its products to more than forty countries, including those inSouth America,Europe,Africa, theMiddle East,South Asia andSoutheast Asia, andAustralia. It undertakes activity from angle rolling to fabrication and galvanising, proto assembly, load testing and EPC line construction.
Under the brand name Skipper Pipes, it manufactures polymer pipes and fittings that serve the agricultural and plumbing sectors.[12] Skipper has 20% of its business coming from the PVC pipes segment and infrastructure projects.[13] Skipper Pipes has a turnover of₹330 crores in 2022, contributing to around 19 percent of Skipper’s total revenues. Skipper Pipes was started in 2009-2010. The company mainly focused on the eastern and northeastern markets until 2015-2016. It slowly started covering other markets in 2017. As of 2022, it has about 120 distributors and 18,000 retailers across India.[14]
As of 2018, Skipper Limited has three manufacturing facilities inHowrah district inWest Bengal, two inGuwahati,Assam and one inHyderabad. As of 2017, the capacity of the engineering products division is 230,000 MTPA, while the capacity of the polymer division is 48,000 MTPA.[11] It has 175,000 tonnes of tower-making capacity.[13]
As of 2017, the cumulative production capacity of the Skipper Limited was 300000 MTPA.[15][16][17]
Skipper Limited tied up withRamboll, a Danish Engineering company as a manufacturing partner, in the year 2006.[5] In 2015, it entered into a partnership with global giant Japan-based Sekisui Chemical as a technology tie-up for manufacturing CPVC Pipes in India. It partnered with theNetherlands-basedWavin Group for exclusive rights to sell the Hep2o Polybutylene push-fit plumbing systems.[18]
In 2017, Skipper Limited formed a joint venture withIsrael-based Metzerplas, a manufacturer of irrigation equipment.[19]
The company reported total revenue of₹1,711.09 crores in March 2022, while it had registered₹1,585.53 crores in March 2021. In the financial year 2019-20, the company recorded total revenue of₹1,392.47 crores.[20]
In June 2018, the company reported a fall of 15% in net profit for the last quarter, with analysts blaming the drop on the decision to diversify into PVC pipes.[21]
In the financial year 2016, the segment-wise revenue performance of the company was₹13,260 million for engineering products,₹1,525 million for polymer products and₹277 million for infrastructure projects.[22]
It registered a 232 per cent annual growth in its net profit at₹89 crores for the fiscal year 2015. The company's revenue grew by 26 per cent during the same period to ₹ 1,313 crores.[3] The power T&D business contributed 80 per cent share in the company's overall Rs 1,450 crore revenues for the financial year 2014-15.[13]In 2013-14, it reported revenue of₹1,165 crore.[23]
In 2015, Skipper Limited was listed atBombay Stock Exchange with a market capitalization of over₹15, 000 million (as of March 2015 ending). In 2016, it was listed in theNational Stock Exchange of India with a capital of₹13,634 million (as of 31 March 2016).[24][25][26]
In December 2015, Skipper Limited won CBIP Award for the Best Industry in Water Resource Sector for manufacturingPlastic Piping Systems from the Central Board of Irrigation and Power,Ministry of Water Resources, River Development & Ganga Rejuvenation and theGovernment of India. The award was presented byUma Bharti, the Union Minister.[27] The company received the Star Performer award at the 48thEEPC India National Export Awards 2015 by theEngineering Exports Promotion Council.[28]
Skipper Limited has been listed as aFortuneNext 500 company for the year 2020, 2021 and 2022. In 2022, it was ranked #61 onFortune Next 500 list under the iron and steel category, byFortune India.[2]
| Year | Name | Awarding organisation | Result |
|---|---|---|---|
| 2015 | CNBC Award for the Fastest Growing Transmission Tower Manufacturing Company | CNBC[5] | Won |
| 2015 | CBIP Award for the Best Industry in Water Resource Sector | Central Board of Irrigation and Power,Ministry of Water Resources, River Development and Ganga Rejuvenation[27] | Won |
| 2015–2016 | Star Performer Award Product Group – Other fabricated metal products excl machinery and equipment, Large Enterprise | Engineering Exports Promotion Council Ministry of Commerce and Industry[28] | Won |
| 2016 | Most Ethical Company - Engineering & Design | World CSR Day Asian Confederation of Businesses, World Federation of CSR and World Sustainability[29] | Won |
| 2016 | Largest Tower Supplier Award | Power Grid Corporation of India Limited[30] | Won |
| 2017 | Emerging EPC Player in Power Transmission | EPC World[31] | Won |
| 2017 | Global HR Excellence Award for Continuous HR Innovation for Business Excellence | World HRD Congress[32] | Won |
| 2016–2017 | The Emerging No.1 Brand of the Year | WCRC[33] | Won |
| 2018 | Dream Companies To Work For - Manufacturing Sector, Ranked #33 | ET Now[34] | Won |
| 2019 | Dream Companies To Work For - Manufacturing Sector, Ranked #15 | ET Now[34] | Won |
| 2021 | Dream Company to Work for | National Feather Awards,The Economic Times[35] | Won |