Prakash Steelage Limited, a Prakash Group company was incorporated on May 9, 1991 under the Companies Act, 1956 as ‘Prakash Steelage Private Limited’ vide Certificate of Incorporation issued by the Registrar of Companies, Maharashtra, Mumbai The Company was later converted into a public company and the name was changed to ‘Prakash Steelage Limited’, pursuant to a shareholders resolution dated July 7, 1997 and received a Certificate of Change of Name on August 12, 1997. The promoters of the company are Mr. Prakash C. Kanugo and Mr. Ashok M. Seth.
Prakash Group was started in the year 1976 and has 30 years of track record of stability, trust & growth. From trading to manufacturing value added steel products, PSL has pre-eminent position in importation, stocking and supplying Flat and Long Stainless Steel segment in India.
The company first started off with trading activity i.e; trading in the stainless steel sheets, coils and plates. Subsequently it started its own manufacturing activity in the year 1996 by setting its 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 it subsequently started its 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. The company is amongst the premier and an established manufacturer of a wide range of SS pipes and tubes.
The company is a “Govt. Recognized Star Export House” exporting to several MNC’s into more than 40 countries across the Globe. Its products are exported to Countries round the globe. It export its products to Countries like North America, South East Asia, Africa, Middle-East and Europe. It enjoys credible relationship with Aminco China LLC (China), A. Hadi (Saudi Arabia), Bronswerk Heat Transfer BV Nijkerk, (Netherlands), CT Co. (Egypt), Cunado (Spain), Gea process engg. SPA., Ssna, LLC (USA), S.A.S, (Norway), Serck Service Ltd. (Dubai) and STI Ltd., (UK).
Prakash Steelage Ltd. specializes in meeting specific requirements of customers and offers complete solution for stainless steel welded & seamless pipes and tubes. The different products manufactured by the Company includes the following. The product varies depending on its type, shape and size.
The company’s top ten client base based on the sales value of the products supplied to them for the year ended March 31, 2010 are as follows: