Kathmandu: Vijay Metal Industries has reported a decline in its business for the fiscal year 2025 compared to the previous year. The company’s trade volume decreased by Rs 81 million in 2025 compared to 2024.
In 2024, the company had recorded business worth Rs 678 million. However, in 2025, its trade fell by Rs 81 million, totaling Rs 597 million.
In earlier years, the company had reported Rs 642 million in 2023, Rs 802 million in 2022, and Rs 614 million in 2021.
According to the company’s nine-month data for fiscal year 2025, 72 percent of its business was generated from copper products.
Since 75 percent of the raw materials used in Vijay Metal’s production are sourced from the local market, the company has benefitted from customs tariff advantages. However, 25 percent of essential raw materials are imported from India, which continues to pose supply chain risks.
Established in 1999, the company is recognized as one of Nepal’s largest players in the metal industry. It engages in metal recycling and production, with a product portfolio that includes traditional bronze utensils, copper utensils, brass items, aluminum utensils, metal handicrafts, and other related goods.
The company also operates a subsidiary, Vinod Metal Industries, which is under construction to expand production capacity. The firm has been licensed to produce up to 4,066 metric tons annually.
Vijay Metal Industries is owned by KL Baid, Sharda Baid, and Bimal Siddhartha Baid. The company distributes its products under the Shalimar and VMI brands.
For its financial obligations, the company has secured credit ratings totaling Rs 850.4 million. This includes Rs 127.9 million for long-term loans and Rs 722.5 million for short-term loans.
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