The Company was incorporated on September 9 1988 with400/o NRI investment to put up a steel wire drawing unit inthe centrally declared backward area of Pithampur (Dist.Dhar) near Indore. The project was conceived in late 1989and the Land at Pithampur was acquired from Madhya PradeshAudyogik Kendra Vikas Nigam in April 1990 only. The Plant& machinery to manufacture High Carbon (H.C.) wires wasacquired by January 1991 and the commercial productioncommenced in March 1991. On seeing the demand for high carbon Prestressed Concrete(PC) wires the promoters decided to put up a unit tomanufacture different types of PC wires and strands.Thetotal cost of the PC Wire Project was Rs. 178 lacs whichwas financed by M.P.A.V.N. and M.P.F.C. There have been nolabour disputes/litigations/defaults etc. in the companysince its incorporation. The Company has been able to establish its presence in thehighly competitive steel wire market in the last 3 years.PAST F]INANCIAL PERFORMANCEThe financial performance of the Company in the past 4years is as under
| Name | Position |
|---|---|
| Mr. Sunil Chordia | Chairman & Managing Director |
| Mr. Yashovardhan Chordia | Executive Director |
| Mr. Abhishek Dalmia | Non Executive Director |
| Mr. Rajesh Mittal | Independent Director |
| Mr. Sanjeev Sood | Independent Director |