Midwest Limited
Largest Black Galaxy granite producer, now expanding into quartz and rare earth minerals with long-life mining reserves.
The company operates mines with over 35 years of reserve life and held a 50% share of global Black Galaxy granite exports in FY24. As it consolidates India’s fragmented quartz market, it is well positioned to emerge as a scaled, integrated manufacturer of quartz grit and powder.
This integration strengthens cost efficiency, quality control and supply reliability, while creating significant entry barriers. The shift also diversifies revenues beyond granite, supporting long-term growth and margin expansion.
Founder Testimonial
“Taking us to new heights”
"SKEGEN’s partnership has been transformative for our organisation. Their early belief in our vision and their strategic insights strengthened our foundation for scale. With their guidance, we overcame regulatory hurdles and built resilience through every phase of growth. SKEGEN’s involvement went beyond capital-bringing discipline, expertise, and long-term perspective. Their unwavering support was instrumental in our IPO readiness and in achieving a smooth, successful listing."
Offerings
Highlights
Granite
Largest producer of black galaxy granite, leading exporter of absolute black granite.
Quartz
Acquired quartz mines with 25+ years of life; and supplying quartz for manufacturing of engineered stone, solar glass, and semiconductors.
Heavy Mineral Sands
Secured licenses for mines in Sri Lanka to extract ilmenite, zircon, monazite, rutile etc., which yield titanium and other rare earth oxides, with potential to manufacture titanium metal and permanent magnets.
