Rajputana Stainless Ltd

Rajputana Stainless Limited was initially incorporated as Rajputana Steel Castings Private Limited' dated April 2, 1991 with the Registrar of Companies, Gujarat. Subsequently, the status was converted to a Public company, and the name was changed from Rajputana Steel Castings Private Limited' to Rajputana Steel Castings Limited', dated June 18, 2007. Thereafter, name of the Company was changed to Rajputana Stainless Limited' dated July 12, 2007 issued by the Registrar of Companies, Gujarat. The Company started the commercial business in 1993 with manufacturing of mild steel products and steel castings. At the time of incorporation, the Company was promoted and run by the erstwhile promoters i.e. Shri O.P. Agarwal, and Shri Ram Sharan Tambi. However, the Company was classified as a Non-BIFR Sick Industrial Unit in year 1999 vide Government of Gujarat, Industries and Mines Department under the Scheme for Rehabilitation of Small Scale and Non-BIFR Sick Viable Industries primarily due to default in cash credit facility from the Bank of Baroda, Halol Branch Gujarat. During this period 1999- 2006, the management took various steps for revival of the Company such as shifting the main focus of the Company from producing mild steel products and steel casting to producing stainless-steel products, setting up of bright bar shop, payment of outstandings, etc. which resulted in improvement in financial health of Company and the Company was removed from list of Non-BIFR Sick Unit and made viable as per the then norms of Government of Gujarat. In 2008, Company had established an Induction Furnace Plant. It expanded the manufacturing unit and started production of bright bars with an installed capacity of 3,000 MT per annum in 2011, followed by an establishment of 18 inch rolling mill with an installed capacity of 5,000 MT per annum in 2012. It enhanced the production capacity to 20,000 MT per annum in 2013. In 2015, Company started oxygen & nitrogen manufacturing plant. At present, Company is engaged in the business of manufacturing of long and flat stainless-steel products comprising of billets, forging ingots, rolled black bar, rolled bright bar, flat & patti and other ancillary products. Company primarily operate through the manufacturing facility admeasuring approximately 35,196.98 Sq.m, located at Kalol, Panchmahal, Gujarat. The Company issued 2,09,00,000 Equity Shares of Rs 10 each by raising funds aggregating to Rs 254.98 crores, comprising a fresh issue of 1,46,50,000 equity shares amounting to Rs 178.73 crore and the offer for sale of 62,50,000 equity shares amounting to Rs 76.25 crores on March 11, 2026.