Natural Stone
- A legacy of over four decades of experience in the dimensional natural stone industry, covering exploration, mining, processing, sales, distribution, and marketing of various natural stones.
- Continuously evaluating opportunities for expansion by developing additional mines.
- A network of distribution agents aids in more accurate demand estimation for better production and inventory planning.
- Capable of delivering products ranging from ex mine to cost insurance freight basis.
- Our customers are located across 17 countries and five continents, with China, Italy and Thailand being primary export markets.
3.5 Million Tons of Granite mined annually
Contributing 10.8% of Black Granite production in India
23% share of Black Galaxy Granite exports in 2024
Distributor model maintains optimal inventory levels near primary consumption markets (China and Italy)
Exclusive mining rights, proven reserves, and an established customer base position the company well to cater to the high value market.
Strength in Numbers: Mines, Machinery, and Resource Depth
According to the CRISIL report, the specific requirements of the granite mining industry in India provide established players with a competitive advantage over new entrants.
20 Operational Mines producing at 19 locations across India
Ore Reserves, Resource Base and Expansion Strategy
| Product | Proved Reserves | Blockable Reserves |
|---|---|---|
| Black Galaxy Granite (in cubic meters) | 30,778,909 | 6,873,065 |
| Absolute Black Granite (in cubic meters) | 9,140,399 | 1,880,992 |
| Colour Granite (Tan Brown) (in cubic meters) | 3,761,254 | 977,926 |
| Quartz (Million Tonnes) | 2.1 | Not applicable |
Market & Growth
- The Indian granite market is valued at $40 billion and plays a significant role in the economies of states like Andhra Pradesh and Tamil Nadu.
- Granite remains one of the most valued natural stones due to its durability, versatility, and aesthetic appeal. Midwest is recognized globally for its Black Galaxy Granite, contributing 35% of India’s total Black Galaxy granite exports.
- Midwest contributes 20% of the Black Galaxy granite production in India, holding a 35% share in export volumes.
- Domestic demand for granite in India grew at a 9.3% CAGR between fiscal 2022 and 2024, driven by rising demand in construction and residential sectors.
- Export markets include the US, Europe, and Asia. India remains a net exporter, with granite export volumes consistently outpacing imports.
Market & Growth
- India’s largest producer of Black Galaxy Granite, a premium variety of Granite.*555
- Midwest’s black granite production: 10.8% (~97,624 cubic meters) of India's total black granite in FY24.*555
- Total domestic granite production in FY24: 18,208 KT.*555
- India’s largest producer of Black Galaxy Granite, a premium variety of Granite.*
- Midwest’s black granite production: 10.8% (~97,624 cubic meters) of India's total black granite in FY24.*
- Total domestic granite production in FY24: 18,208 KT.*
Products
- Exclusive Source: Sourced from a single village in Andhra Pradesh, India, the only location in the world producing Black Galaxy Granite.
- Premium Demand: Commands global demand with prices ranging between ₹50,000–1,00,000 per cubic meter.
- Production Highlights:
- Produced 57,519 cubic meters in Fiscal 2024.
- Exported 48,249 cubic meters during the same period.
- Industry Leadership: Midwest contributed ₹406 million in royalties during FY 2024, 31% of the total royalty paid for Black Galaxy Granite.
- Future Expansion: Developing an additional mine over 10.94 hectares, adjacent to existing operations in Chimakurthy, Andhra Pradesh, to meet growing demand.
Applications
Source: CRISIL Report
- Kitchen counters
- Floor tiles
- Bathroom vanities
- Window sills
- Back splashes
- Fireplace wraps
- Accent walls
- Sculptures
- Coffee tables
- Steps and facades
Projects
Longxi Bay No.1 Housing Estate, Ganzhou City, Jiangxi Province 8, CHINA
Sustainability Measures
- Midwest has begun a shift from diesel to electricity and solar power in its granite mining operations, reducing greenhouse gas emissions.
- Electrification of machinery and the use of solar power plants have decreased dependency on non-renewable resources.
- Solar power plants have been installed to meet energy needs, reducing carbon footprint and enhancing energy resilience.
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