Midwest Limited has a legacy of over four decades in the dimensional natural stone industry, specializing in the exploration, mining, processing, and export of high-quality natural stones. With operations emphasizing sustainability and technological advancement, the Company has evolved into one of India’s leading and most organized players in an otherwise fragmented sector.

Leadership in the Natural Stone Industry

Midwest Limited is India’s largest producer and exporter of Black Galaxy Granite, a rare stone known for its golden-hued sparkle, sourced exclusively from a single village in Andhra Pradesh.

In Fiscal 2025, the Company held a 64% share in India’s Black Galaxy Granite exports, shipping 44,992 cubic meters. Midwest is also a leading producer of Absolute Black Granite, accounting for 15.7% of India’s total black granite production in FY25.

Business Segments

1.  Natural Stone Segment

The Company produces dimensional granite blocks and slabs, primarily Black Galaxy and Absolute Black Granite. These granites are used worldwide in premium architectural and construction applications such as flooring, countertops, cladding, sculptures, monuments, and temple architecture.

2. Diamond Wire Segment

Midwest also manufactures Diamond Wire, a precision cutting tool used in mining and construction. Initially developed for internal use, the Company now serves external customers across the Indian mining and construction industries.

Operations and Infrastructure

Midwest Limited operates 16 granite mines across Telangana and Andhra Pradesh and two processing units located near the mines for cost and quality efficiency. The Company has identified 25 resource locations across South India and exports to 17 countries across five continents, with major markets in China, Italy, Thailand, and Sweden. Its premium granite has been used in landmark projects such as the CSSC Power Group Tower and Shenyang MaoYe Center in China.

Competitive Strengths

i)  Market Leadership: India’s largest producer and exporter of Black Galaxy Granite and a leading manufacturer of Absolute Black Granite.
ii)  Integrated Value Chain: End-to-end “Mine to Distribution” capabilities — from exploration and extraction to processing and export.
iii) R&D and Technology Focus: Ongoing innovation in mining, processing, and product development enhances quality, efficiency, and cost control.
iv) High Entry Barriers: Mining requires large upfront capital and long gestation periods, providing an advantage to established players like Midwest.
v) Proven Financial Track Record: Between FY2023 and FY2025, revenue, EBITDA, and PAT grew at a CAGR of 11.63%, 38.47%, and 40.53%, respectively — reflecting strong operational and financial performance.

To be updated shortly

To be updated shortly