Deepak Fasteners

Deepak Fasteners Limited is engaged in manufacturing high-quality industrial fasteners, providing robust bolted joint solutions. Their expertise lies in delivering a diverse range of fastening products for critical applications across multiple industries. Deepak Fasteners Limited was founded in 1956 and is located in Ludhiana, India. The company specializes in the production of industrial fasteners.

In June 2010, BanyanTree Finance invested USD 14. 9 million in the company, bringing the total amount raised to USD 14. 9 million. There have been no notable changes in business strategy or operations.

The company continues to operate independently without subsidiaries. Deepak Fasteners Limited specializes in manufacturing a comprehensive range of industrial fasteners, emphasizing high-performance bolted joint solutions under the Unbrako brand. Their core offerings include socket screws, pins, hex bolts and screws, hex nuts, washers, structural assemblies, and stainless steel petrochemical studbolts, catering to the automotive, aerospace, construction, and petrochemical industries. Additionally, they provide specialized coatings such as Hot Dip Galvanizing, Mechanical Galvanizing, and various electroplating options to enhance product longevity and resistance to corrosion.

The company's clientele spans multiple geographical markets, including North America, Europe, and parts of Asia, focusing on high-quality fastening solutions. In the most recent year of 2023, Deepak Fasteners Limited reported a revenue of USD 60. 69 mn. The company operates on a B2B model, supplying industrial fasteners to wholesalers and retailers across various sectors.

Their Unbrako-branded fasteners are recognized for quality, facilitating bulk order transactions and fostering long-term partnerships with large clients. The company’s commitment to quality and reliable delivery contributes to its established reputation, which aids in maintaining consistent customer relationships. Deepak Fasteners plans to leverage the recent investment of USD 14. 9 million from BanyanTree Finance to enhance its product offerings and expand into new markets.

They are focused on designing and launching new industrial fasteners, with specific details on release dates forthcoming. The company aims to penetrate additional regions, particularly in emerging markets, to increase their global footprint by 2025. The funding will primarily support these product innovations and market expansion efforts.