Beezaasan Explotech

About the Company

Incorporated in 2013, Beezaasan Explotech manufactures and supplies slurry, emulsion, and detonating explosives primarily for the cement, mining, and defence industries. The company operates from Gujarat and holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications. The company is licensed by the Petroleum and Explosives Safety Organisation (PESO) and has a PAN India presence across 11 states and 2 Union territories, serving a broad client base.

Strengths

• The company provides tailored explosive products to meet customer-specific applications with performance guarantees.
• Long-standing relationships with key customers (54.54% of revenue) and suppliers (80.07% of purchases) contribute to its stability.
• The management team brings significant industry experience, supporting consistent growth.
• Continuous focus on innovation and product development based on customer feedback drives improvements.
• The company adheres to strict quality control standards, supported by ISO certifications (9001:2015, 14001:2015, 45001:2018).

Risks

• Regulatory approvals and registrations for explosive products are complex and capital-intensive.
• The use of hazardous raw materials poses significant accident risks.
• Failure to meet strict quality standards could lead to order cancellations.
• Tender-based business poses risks like cost pressure and low margins.
• Reliance on raw materials from Gujarat and Maharashtra exposes the company to regional risks.
• Part of the Net Proceeds will be used for machinery purchase, with no guarantee of timely orders.