Bhagyanagar India, part of the Surana Group, was incorporated in 1985 with the main object of carrying on the business in ferrous and non-ferrous metals. It commenced its business by acquiring a copper rod unit (India Extrusion) in 1985. In 1990 it took over Gangappa Cables for expansion of its business activities. In 1994-95 it started manufacturing jelly-filled telephone cables. In 1998-99, it acquired Harinam wires --- engaged in manufacturing of copper allied products.
Keeping in phase with potential growth and the high competition for telecom products, the company has established an additional unit at Goa for manufacture of jelly-filled cables. The major clientele for these cables are Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL). The company is also supplying its products to railways, defence and other public / private sector organizations.
Over the years, the company has expanded its activities by acquisitions, mergers, diversification, etc. Since inception it has ventured into manufacture of range of copper products such as copper coils, strips, sheets, flat pipes apart from PIJF cables of various sizes, polyethylene compound and auto annealing components, catering to the requirements of reputed automobile companies like Maruti, Hyundai, Telco, Ashok Leyland, Mahindra, etc.
The company has made a giant stride into real estate, infrastructure and wind power generation segments with an installed capacity of 9 MW in the state of Karnataka.
Business area of the company
The company is presently engaged in the manufacture of copper rods, copper foils, copper pipes, copper sheets, annealed bare copper strips, paper insulated copper conductors and insulated copper coils (field coils). The products of the company are mainly used in telecommunication, power and distribution, transformer, heat exchangers, switchgear and low range transformers, solar panels and auto ancillary sectors. The company is major supplier to Lucas TVS, MICO and many other leading original equipment manufacturers (OEMs).