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

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..