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Bajaj Steel Industries Ltd. Company History and Annual Growth Details

1961 - The company was incorporated as a Private Limited company on 14th
February. The company was converted into a public Limited
company on 7th October, 1985. The company was promoted by
Hargovind Bajaj. The Main object of the Company is to
manufacture and converters of all kinds of steel and its
products, by-products, iron and steel founders, re-rollers,
non-ferrous metal founders etc.

1965 - The company started its industrial activity as steel rollers.
The company developed a Double Roller Cotton Gin - a machine used
for separating the cotton from seed. The company diversified
into the product line and finding it more profitable, it
gradually phased out the steel Re-rolling activity.

1992 - Margins remained order pressure due to hike in the cost of raw
materials, power, labour etc. and strike in the HDFEIPP woven
sales divisions.

1995 - 6,60,000 No. of equity shares of Rs 10 each issued & subscribed
to promoters. 15,40,000 No. of equity shares of Rs 10 each were
then issued at par in July 1988 of which 5,83,000 shares
allotted to promoters, directors on a firm basis. Of the
remaining 3,82,000 shares (all were taken up) and 77,000 shares
reserved for allotment on a preferential basis to NRIs on
repatriation basis and employees respectively. Balance 4,98,000
shares were issued to the public.

1996 - The Company undertook to install certain plants and equipments to
manufacture superior quality double roller cotton gins and
marginally expand its capacity. It was also proposed to
undertake a project for selling up HDPE/PP WOVEN sacks
lined/laminated kraft paper especially for packaging of cement,
with a capacity of 6000 tpa of HDPE/PP WOVEN fabrics and sacks.


-Bajaj Steel Industries Ltd has informed that Shri. Rajkumar Lohi, Shri. Rajiv Ranka & Shri. Alok Goenka has been appointed as an additional Directors of the Company with effect from October 18, 2007.


- Bajaj Steel Industries Ltd has appointed Shri Deepak Batra as an Additional Independent Director on the Board of the Company.