| The Company was originally incorporated on July 28, 1995, as Sarthak Metals Marketing Private Limited under the provisions of the Companies Act, 1956 with the Registrar of Companies, Madhya Pradesh, Gwalior. The name of the Company was changed to "Sarthak Metals Private Limited" pursuant to shareholders resolution passed at the Extra Ordinary General Meeting of the Company held on August 13, 2016 and a fresh Certificate of Incorporation pursuant to change of name dated August 22, 2016 was issued by the Registrar of Companies, Chhattisgarh. Subsequently the Company was converted into a Public Limited Company pursuant to shareholders resolution passed at the Extra Ordinary General Meeting held on August 13, 2016 and the name of the Company was changed to "Sarthak Metals Limited" vide a fresh Certificate of Incorporation dated August 23,2016, issued by the Registrar of Companies, Chhattisgarh. the Corporate Identification Number (CIN) of the Company is U51102CT1995PLC009772.
The change in the name of the company were undertaken to align the name of the company with the nature of business of the company. The current promoters of the Company are Mr. Anoop Kumar Bansal, Mr. Manoj Kumar Bansal, Mr. Kishore Kumar Bansal and Mr. Sanjay Shah with their experience in the business and industry, innovative insight, business acumen and farsightedness has taken the business to a new level.
We are engaged into manufacturing of wide variety of Cored wires, Aluminum flipping coils,Industrial Oxygen gas having wide application in various industries including Steel plants, Fabrication units, and foundries.We are also manufacturers and suppliers of wire feeder machines that are known for drawing cored wires of 9mm to 15 mm diameter. We are also engaged in the business of trading of iron & steel and carbon dioxide gas. The Company forms the part of Desh Raj Bansal Group, Bhilai and commenced its operations in the year 1997 to manufacture industrial oxygen. Later in the year 2002, the Company diversified its product base by manufacturing cored wires and aluminum flipping coils. We also diversified the business by venturing into manufacturing of wire feeder machines since 2012.
We are headquartered in Bhilai, Chhattisgarh. We currently have two manufacturing units located at Bhilai and Raipur, spread over an area of 1,23,560 sq.ft and 22,000 sq. ft (approximately) respectively, giving us competitive edge in the industry. Please refer page 99 under section titled "the Properties" of this Draft Prospectus.
We are ISO 9001: 2008 certified Company in compliance with quality management system. Over the years we have developed a wide range of the products to cater to the needs and specific requirements of a large number of industries which seek products of assured quality and safety standards. We accomplish through the consistent high quality products and dependable services, and have achieved referred supplier status in several steel companies ensuring a long-term relationship with the key customers.
Major Events and Milestones :
1995
-Incorporation of the Company in the name and style of "Sarthak Metals Marketing Private Limited" on 28th July 1995
1997
-Commenced to manufacture industrial oxygen gas
2002
-Commenced Production of Ferro Alloys Cored Wires with 1st in house built Cored Wire Mill
2008
-Commenced Production of Aluminium Flipping Coils with 1st in house built Coilling Mill
2012
-Commenced to manufacture wire feeder machines
2016
-Change of name of the Company from Sarthak Metals Marketing Private Limited to Sarthak Metals Private Limited
-Conversion of the Company from Sarthak Metals Private Limited to a Sarthak Metals Limited
2023
-BIS Certification for the new product Flux Cored Wires and has also successfully executed the commercial orders of more than 500 spools.
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