Midwest Ltd., a Midwest group company, was incorporated in 1981 with the main objective of developing knowledge and expertise in the field of natural stones, namely granite, marble, quartzite, quartz and heavy mineral sand.
We have a legacy of more than four decades in the dimensional natural stone (i.e., naturally occurring stones) industry with experience in exploration, development and operation of mines, stone processing and fabrication, sales, distribution and marketing of various types of natural stone. We are engaged in the business of exploration, mining, processing, marketing, distribution and export of natural stones, with an emphasis on sustainability. We are India’s largest producer and exporter of Black Galaxy Granite (a variety of Granite which is sparkling with flakes of a golden hue), and held a share of approximately 23% of the Indian export market for Black Galaxy Granite in Fiscal 2024, exporting 48,249 cubic meters of Black Galaxy Granite during Fiscal 2024. We are also one of the largest producers in Absolute Black Granite (a variety known for its remarkable surface finish), both of which have high demand. Our Absolute Black Granite production accounted for 10.8% of the overall black granite production in India during Fiscal 2024.
Our existing business activities primarily comprise extracting and processing Dimensional Granite (i.e., Granite that is cut to conform to the specifications in terms of size and shape), particularly the Black Galaxy and Absolute Black varieties (“Natural Stone Segment”). In addition to our Natural Stone business, we also manufacture Diamond Wire, which is a precision cutting tool employed in the natural stone and construction industries to size stones and other hard substances with precision in mines and processing/ fabrication facilities (“Diamond Wire Segment”). While our operations in the Diamond Wire segment began with the objective of backward integration and supporting our Natural Stone Segment, at present, our operations in this segment cater both to our captive consumption as well as meeting market demand of the Indian mining and construction industry.
We place much emphasis on decarbonizing our operations to improve the sustainability of our business. Our mining operations are mechanized and incorporate advanced engineering and process optimization, aided by vertical integration of key operational components such as customized Diamond Wires. We beneficially leverage our experience and organizational capabilities to serve as an organized player in an otherwise unorganized sector with the objective of catering to the requirements of our customers, improving our processes, expanding our market reach and building our resource base.
In the Natural Stone Segment, we primarily produce dimensional blocks and slabs of Black Galaxy Granite and Absolute Black Granite. Black Galaxy Granite is a premium stone used in real estate projects for applications such as countertops and vanities, flooring, cladding, bathroom walls and floors, swimming pools, fire places and external/ internal aids in construction. Black Galaxy Granite is a highly valued natural stone that offers a unique combination of durability, beauty and versatility, making it a popular choice for architects, designers and builders around the world. Black galaxy is available in only one village in Andhra Pradesh in the entire world.
Absolute Black Granite is known for its deep uniform black color and is prized for its elegance and versatility. In addition, its hardness, durability, resistance to weathering, visual appeal and low maintenance are some of its positive attributes. Absolute Black Granite is used to make sculptures, idols of deities, pillars, lintels (i.e., beams installed over doors and windows) and plinths (i.e., heavy bases used to support statues) and has been extensively used in temples, monuments and memorials and is also used in modern architecture such as kitchen counters, flooring, bathroom vanities, cladding, windowsills, backsplashes, fireplaces, steps, building facades and fountains.
We currently have 16 operational Granite Mines across 6 locations in the states of Telangana and Andhra Pradesh in India producing Granite varieties such as Black Galaxy, Absolute Black, Tan Brown, along with one Granite processing facility in each of the states of Telangana and Andhra Pradesh. In addition to our operational mines, we have also established a strong resource base comprising 25 locations across Andhra Pradesh, Telangana, Karnataka and Tamil Nadu.
A majority of the Granite blocks extracted from our Mines are sold directly to bulk customers from our Mines or stock yards. By operating our own Mines, we are able to assure our customers consistent supply in terms of volume and quality. Only a small fraction are sent to our two mechanized processing facilities in Andhra Pradesh for further processing into cut slabs. Such facilities allow us to maintain a presence across the wholesale value chain for Granite and offer ‘mine to distribution’ capabilities to our customers.
Our customers, comprising processors and distributors, are located across 17 countries and five continents, with China, Italy and Thailand being our primary export markets. Our operations span across the Dimensional Granite value chain allowing us to cater to our customers’ requirements ranging from mine to distribution.
