The VISA Group traces its beginnings to 1994, when Mr Vishambhar Saran decided it was time to forgo a comfortable position of Director (Raw Materials) at Tata Steel, India’s largest private sector steel company, to pursue his own vision. Equipped with a Rs 10 lakh capital, 25 years of industry experience and guts of steel, he has created a Rs 1,600 crore conglomerate in the minerals and metals industry.

For the first few years, VISA’s focus was on the international trade of industrial raw materials and products. This business has expanded through timely product and geographic expansions, allowing VISA to emerge as a single-point end-to-end raw material source. VISA’s international trading operations serve an important role between the localised availability of critical raw material at one end and the globalised requirement of customised grades at the other.
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At VISA, we recognise that in an industry vulnerable to sharp swings in demand and realisations, it is imperative to build a business model that is sustainable and an effective hedge against cyclicality. The VISA Group has embarked on such initiatives by extending its erstwhile international trading focus across an extended value chain in the iron and steel industry.

As a principal component of this strategy, the Group embarked on the exercise to establish a 0.5 million tonne per annum integrated steel and stainless steel plant at Kalinganagar Industrial Complex in Orissa, India. This will comprise Mini Blast Furnaces, Coke Ovens, Ferro Chrome Furnaces, DRI Kilns, Captive Power Plants and Steel Melt Shops. The Group is also in the initial stages of establishing similar plants in Chattisgarh and Jharkhand. [Read more on Manufacturing]

The truth is ultimately in the numbers. A 42 percent CAGR sales growth is testimony to the VISA Group’s ability and prudence in managing its top line. A healthy bottom line is ensured through operational efficiency and fiscal discipline.

VISA’s corporate structure is designed to make the best of opportunities both in India and abroad. VISA International, the holding company has two arms:

VISA Steel Ltd (formerly known as VISA Industries Ltd.) is the torchbearer in India, with a focus on manufacturing and logistics activities. It is registered in Bhubaneswar and has its corporate office in Kolkata.
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VISA Comtrade AG controls the international trading operations, headquartered in Zug, Switzerland, with subsidiaries in London, Hong Kong and Brisbane. [See Board of Directors] [View Presence]