Enlight Metals Targets 2028 IPO as It Accelerates National Expansion

07 Nov 2025 CW Team

Enlight Metals, one of India’s fastest-growing metal aggregation companies, has announced plans to launch an IPO by 2028 as it enters a significant scale-up phase. The company has achieved revenue of Rs 1.50 billion this year and is on course to reach Rs 4 billion by FY26 and over Rs 12 billion by FY27, driven by strong demand from India’s manufacturing and infrastructure sectors.

Enlight Metals has emerged as a reliable partner for major infrastructure developments, supplying more than 4,500 tons of steel for the Pune Metro and 1,300 tons for the Udaipur Airport, while working with EPC leaders such as Tata–Gulermak, Shapoorji Pallonji, and J Kumar Infra. The company currently caters to 500+ OEMs—including Tata, JSW, and Eicher—and aims to expand this base to over 1,500 OEMs by FY27.

“Our vision is to build India’s most efficient and transparent metal aggregation platform,” said Vedant Goel, Director, Enlight Metals “A 2028 IPO marks the next step in scaling operations, strengthening our technology ecosystem, and transforming metal procurement in India. Our focus remains on sustainable, tech-enabled growth that delivers long-term value.”

With a technology-first operating model, Enlight Metals runs 24-hour delivery through dark stores in Pune and Mumbai, supported by ERP and CRM integration, WhatsApp-based order capture, and AI-driven demand forecasting. The company plans to open eight additional dark stores and establish its first service centre for steel cutting, slitting, and shearing in FY26, expanding both reach and value-added capabilities.

Backed by strong partnerships, rapid geographic expansion, and a clear digital roadmap, Enlight Metals is positioning itself to reshape India’s metal supply chain and lay the foundation for a successful public listing by 2028.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..