With an annual production of castings valued at USD 16 billion, India produces approximately 11.5 MMT of castings and is the second-largest manufacturer in the world, following China. Given the volatile geo-political movement and a desire for diversifying the supply chain, which was earlier skewed in China’s favor, the Indian castings market is predicted to grow at a CAGR of 10-12% in the coming years.
In the global casting market, India stands at a very intriguing and advantageous crossroads as one of the few industries where MSMEs dominate the majority of production. Strong governmental focus to enable ease of doing business, a comprehensive and nurturing financing system, and improving technical capabilities of industry players present numerous avenues for the enhancement of the industry.
The Diva Ravi Group was founded in 2019, drawing from the legacy of Late. Ravi Shankar Beriwal, founder of Vinayak Founders. The company is gearing up to ride the wave of rapid growth and emerge as the industry leader, being propelled into the fast track route of development
and growth by his two sons, Ritesh Beriwal, Director, and Mohit Beriwal, Managing Director along with Yogesh Kumar Joshi, group CEO.
A Comprehensive Range of Products
The Diva Ravi Group manufactures a range of products catering to both domestic and foreign markets. Their exports account for 80% of their revenue, whereas domestic revenue accounts for 20% of the total value. The company is manufacturing quality machined ductile and gray cast iron castings including ductile iron pipe fittings, sanitary castings like manhole covers for municipal uses, valve boxes, Indian tea plantation machineries, valve assemblies, to name a few. “Our company is synonymous with producing complex and precision DI and CI castings and components ranging from less than 1 kg to 3000 kgs single casted piece. Having both green sand and no bake resin sand processes of manufacturing castings, with our own in-house CNC machining capabilities, we are catering to divergent end users of castings”, says Mohit Beriwal.
Catering to domestic and international clients, the company takes pride in its availability to meet the demands of clients efficiently. Within the space, clients expect speedy pattern development and prototyping, value adding in the form of machined components, timely deliveries, and top-notch product quality. “Our USP is providing finished machined castings, ready to use for the desired assembly components.
Our castings are physically, chemically, and dimensionally as per the required specs and drawings”, further adds Yogesh Joshi. Expertly meeting client needs, the company has established itself as an end-to-end solutions provider in its specialized castings, providing complete support from pattern development to machining. What sets them apart is their enthusiasm to take on a challenge and develop complex and novel products which clients may request.
Future Roadmap
The company’s fierce belief in the potential of Indian casting manufacturing facilities to produce superior products has led it to become exceedingly enthusiastic about the expansion of the foundry sector in the country. With this ambition and expectation from the industry and the market, Diva Ravi Group aims to increase its manufacturing infrastructure by the end of the following fiscal year, reaching a generation capacity of 30,000 MT annually from its current capacity of 15,000 MT per year. Having a strong background in the industry, witnessing its evolution since the early 90s, the company has positioned itself powerfully within the sector and will continue to make great strides as it expands its footprint across the country and global markets.
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