Sai Infinium Limited - IPO

Incorporated in 2004, Sai Infinium Limited is engaged in three primary business segments: manufacturing of Mild Steel (MS) billets and Thermo Mechanically Treated (TMT) bars, ship breaking (recycling and dismantling), and investment in and sale of commercial real estate properties in Gujarat.

On March 30, 2024, Sai Infinium Private Limited and Fidelis International Private Limited (the “Merged Entities”) merged with Sai Infinium Limited, as approved by the National Company Law Tribunal (NCLT).

• Sai Infinium Private Limited was involved in the ship breaking business, which the company continues to operate.
• Fidelis International Private Limited was engaged in manufacturing and distributing pharmaceutical PET bottles and dealing in commodities, ferrous, and non-ferrous ores. This business has been discontinued by the company post-merger.

Manufacturing Operations

Sai Infinium Limited operates its manufacturing plant under the name Sai Infinium Steel Division.

• Location: Survey No. 1020/1021/1 Paiky-B, Charmardi Village, Taluka – Vallbhipur, Bhavnagar – 364310, Gujarat
• Area: 53,781 square meters
• Installed Capacity: 300 metric tons per eight-hour shift for the production of TMT bars and MS billets

Ship Breaking Operations

• Location: Plot No. 158, Sosiya Ship Breaking Yard, Sosiya Village, Talaja Taluka, Bhavnagar – 364081, Gujarat

Real Estate Activities

In addition to its core manufacturing and ship recycling businesses, the company is involved in the buying, selling, and leasing of commercial real estate properties in Gujarat. The focus is on acquiring high-value commercial properties for capital appreciation or rental income generation.

Workforce

As of December 31, 2024, Sai Infinium Limited had a total workforce of 362 employees, including:

• 284 permanent employees
• 78 contractual workers

Historical headcount:

• Fiscal Year 2024: 283 employees
• Fiscal Year 2023: 84 employees
• Fiscal Year 2022: 69 employees