Excellent Wires And Packaging Ltd - Stock Valuation and Financial Performance

Excellent Wires and Packaging Limited was incorporated as Excellent Wires and Packaging Private Limited on March 16, 2021 under the Companies Act, 2013 with the Registrar of Companies, Mumbai. The status of the Company was changed to public limited and the name of the company was changed to Excellent Wires and Packaging Limited vide Special Resolution dated March 27, 2024 pursuant to conversion of the Company into public limited Company. The fresh certificate of incorporation consequent to conversion was issued on May 30, 2024 by the Registrar of Companies, Mumbai.

The company started its business in April 2012 in the name of Perfect Wire Industries, Partnership Firm, as a manufacturer of various types of wires, such as Spring Steel Wire, High Carbon Wire, Galvanised Wire or GI Wire, Round Stitching Wire, Flat Stitching Wire, Mild Steel (M.S.) & Low Carbon Wire, H.B. & H.H.B. Wire, Annealed Wire, Brass Wire, Copper Wire, Stainless Steel Wire, Spiral Wires, Binding Wires, Bailing Wires and all types & sizes of Wire Ropes made of high carbon or SS Wire With or without PVC Coating for multiple applications under the brand name of Excellent. The company’s other packaging products like PP Strapping Rolls and BOPP Self Adhesive Tapes are purchased from the market and sold to its customers on as and when need basis. These packaging products are sold under the brand name of Excellent. The company has been awarded ISO 9001:2015 Certification which is an internationally recognized standard that ensures it has an effective quality management system. This certification demonstrates its rigorous quality standards and commitment to continuously improve its business processes. Quality and on-time delivery remain its highest priority and it excels at both.

Business area of the company

Excellent Wires and Packaging manufactures a wide range of wires and wire ropes under the brand name 'Excellent', including various types such as Spring Steel Wire, High Carbon Wire, Galvanised Wire (GI Wire), and others for multiple applications.

History and milestones 

• 2020-21: Incorporation of the company.
• 2021-22: Commencement of manufacturing of wire and wire products by renting production facilities of Perfect Wire Industries vide agreement dated June 01, 2021.
• 2021-22: Commenced sale of Galvanized wires.
• 2021-22: Commenced sale of Brass wires.
• 2021-22: Starting of new manufacturing facility at Kamothe Village, Panvel, Navi Mumbai on lease basis.
• 2022-23: Crossed Turnover of Rs 10 crore
• 2023-24: Increase in Production capacity at Palghar facility by acquiring new machineries.
• 2024-25: Converted the Company to Limited Company for the purpose of IPO.
• 2024-25:  Closure of manufacturing facility at Kamothe Village, Panvel, Navi Mumbai and shifting of own machineries from Panvel facility to Palghar facility.