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Prakash Steelage Ltd. Company History and Annual Growth Details

Prakash Steelage Limited was incorporated on 09/05/1991 under the Companies Act, 1956 as ÂPrakash Steelage Private LimitedÂ and received its Certificate of Incorporation from the Registrar of Companies, Maharashtra, Mumbai. The Company was subsequently converted into a public limited company on 12/08/1997 and receiveda fresh certificate of incorporation pursuant to the change in name. The Corporate Identity Number of the Company is U27106MH1991PLC061595. The Registered Office of the Company is situated at 701, MahalaxmiChambers, Bhulabhai Desai Road, Mumbai- 400026.

We first started off with trading activity i.e; trading in the stainless steel sheets, coils and plates. Subsequently we started our own manufacturing activity in the year 1996 by setting our first plant in the Union Territory of Dadra and Nagar Haveli with a capacity of 4000 MT per annum of welded stainless steel and seamless pipes & tubes. Considering the huge demand and future business potential we subsequently started our second unit at Umbergaon, Gujarat by setting a state of art manufacturing plant with the capacity of 8200 MT of welded
stainless steel and seamless pipes & tubes in the year 2007. We are amongst the premier and an established manufacturer of a wide range of SS pipes and tubes. We are an ISO 9001-2008 certified Company, with a legacy of over 19 years of presence in the industry.

Some of our competitors in the domestic market are Ratnamani Metal Limited, Suraj Stainless Limited, Rajendra Engineering and Mechanical Industries Limited. We also face competition in overseas market. In Europe there are companies like TPS (Germany), Tubacex (Spain), Speciality Steels (USA), Sandvick (Sweden) etc.

Major events in the History of the Company:

1991
Incorporation of the Company

1996
Started our first manufacturing unit at Silvassa with a capacity of 4000 MTPA

1997
Converted into a public limited company

2002
Awarded with ISO 9001 : 2000 for our unit at Silvassa

2005
Recognized as Export house by the Government.

2007
Awarded with ISO 9001 : 2000 for our unit at Umbergaon

Started our second Âstate of the artÂ manufacturing facility at Umbergaon with a capacity of 8200 MTPA.

Winner of Good house keeping competition by Directorate of Industries safety & health, Government of Gujarat

2008
Certified as PED (Pressure Equipment Directive), AD - 2000 - Merkbatt W O EIL, Llyods & IBR Approved Company

Awarded with TUV Certificate for our unit at Umbergaon by TUV Rheinland Industrie Service GmbH, Cologne, Germany

2009
Awarded with TUV Certificate for our unit at Silvassa by TUV Rheinland Industrie Service GmbH, Cologne, Germany

Awarded with BS OHSAS 18001-2007 by RINA SpA, Genova, Italy

Awarded with ISO-14001-2004 by RINA SpA, Genova, Italy

2010
Recognised as Star Export House by Government of India

Vendor Approval from Kuwait National Petroleum Company (Kuwait)

2011
- Board has recommended a Dividend @ 10% (i.e. Rs. 1.00 per eq. share of Rs. 10/- each).

2012
- Board has recommended a Dividend @ 10% (i.e. Rs. 1.00 per eq. share of Rs. 10/- each).

2014
- Board has recommended a Dividend of Re.1/- (10%) on the fully paid-up 1,75,00,039 Equity Shares of Face Value of Rs.10/- each.

2015
-Prakash Steelage Ltd Stock split (sub-division) of Equity Shares of the Company from the Face Value of Rs 10/- per share to Rs 1/- per share.

2016
- Appointment of Mr. Dhaval Nareshbhai Darji as the 'Company Secretary and Compliance Officer' of the Company

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