Usha Martin in South Africa
Usha Martin’s Strategic Expansion and Financial Performance
Johannesburg, South Africa – September 1, 2025
Usha Martin, a leading global manufacturer of wire ropes, has recently made significant strides in its international operations, including its presence in South Africa.
Acquisition of UK BPO Firm
In September 2007, Usha Martin expanded its business process outsourcing (BPO) operations by acquiring UK-based Converso Contact Centres. This strategic move aimed to bolster BPO services in India, South Africa, and the UK, creating approximately 1,400 new jobs across these regions. (economictimes.indiatimes.com)
Financial Performance
In the fiscal quarter ending March 2025, Usha Martin reported a 5% decline in consolidated net profit to ₹100.91 crore, primarily due to increased expenses. Despite this, the company experienced a rise in total income, reaching ₹919.73 crore, up from ₹838.52 crore in the same period the previous year. The board announced a dividend of ₹3 per equity share and appointed Chirantan Chatterjee as a Whole-Time Director, effective May 12, 2025. (devdiscourse.com)
Global Presence
Usha Martin operates manufacturing facilities in Ranchi, Hoshiarpur, Dubai, Bangkok, and the UK, producing a wide range of wire ropes. The company’s distribution centers are located in various countries, including South Africa, indicating a robust international footprint. (enggpro.com)
Market Position
The company has been recognized as a significant player in the high-performance wire rope market, alongside competitors like Kiswire and Scaw Metal. Technological advancements have led to the development of wire ropes with improved strength, fatigue resistance, and corrosion resistance, expanding their applications across various industries. (industrytoday.co.uk)
Usha Martin’s strategic initiatives and financial performance underscore its commitment to growth and innovation in the global wire rope manufacturing industry.
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