Mahamaya Steel Industries has been promoted by Ramanand Agrawal and Anand Kumar Agrawaal and Jaiprakash Agarwal. The company is presently manufacturing MS strips, MS channels, MS Girders and MS Flats of various sizes having overall capacity of 19,500 MT per annum. Its products are marketed under RSL name. 

The company has implemented a project for manufacturing steel strips and structural products with installed capacity of 19,500 MT p.a. The commercial production was commenced on August 23, 1990.

The company has successfully implemented a power project of 3 MW capacities. In 2009, the company name has been changed from Rajesh Strips to Mahamaya Steel Industries.

The ISO 9001:2000 certified company produces light and heavy steel structural’s like crossing sleeper bars, meter gauge sleepers, and joists in various ranges used by the construction, automobile, and consumer durable industries. An oxygen gas plant with an installed capacity of 900,000 cubic meters has been set up for captive consumption, but excess production is sold to outside parties creating an additional source of income.