The Company was incorporated as Shiv Aum Steels Private Limited on March 11, 2002 Under Companies Act, 1956 with Registrar of Companies, Mumbai, Subsequently the name of the Company was changed to Shiv Jagannath Steel Private Limited pursuant to a fresh certificate of Incorporation. Further, the name of the Company was changed to Shiv Aum Steels Private Limited pursuant to a fresh certificate of Incorporation. Pursuant to a shareholders resolution dated April 22, 2019, the status of the Company was changed to public limited company and the name was changed to Shiv Aum Steels Limited. A fresh certificate of incorporation consequent upon conversion was granted to the Company on April 26, 2019 by the Registrar of Companies, Mumbai.
Business area of the Company:
The company is engaged in the trading of mild steel products such as beams, angles, plates, channels, coils and thermo mechanically treated (TMT) bars. The Company operates as a trader, stockist and distributor of steel products. It is an authorized distributor for selling steel products of Jindal Steel & Power Limited (JSPL), have entered into MoUs with Steel Authority of India (SAIL) & Rashtriya Ispat Nigam Limited (RINL) and also procure steel products from various other steel manufacturers including Monnet Ispat & Energy Limited (MIEL) and Vandana Ispat Limited (VIL) to name a few, which gives it an exclusive market to trade in high quality and well established brands of steel products. It deals in various types of steel products like I-Beams, H-Beams, C Channels, Angles, T-Angles, Coils, Plates, etc., all in varied sizes as per the requirement of its customers.
Major Events and milestones:
- 2002: The company was incorporated as Shiv Aum Steels Private Limited and started its business.
- 2007: The Company acquired warehouse at Survey No. 99, Hissa No. 1A/2(1)/A & Survey No. 99, Hissa No. 1A/2(2) situated at village Vavanje, Taluka- Panvel, District- Raigad. Admeasuring 9500 Sq. Meters.
- 2009: The Company acquired its own weight measurement system resulting into operational efficiencies.
- 2009: The Company achieved turnover of Rs 100.00 crore for the first time.
- 2012: The Company achieved turnover of Rs 200.00 crore for the first time.
- 2016: The Company shifted its registered office to 515, 5th Floor, Building- The Summit Business Bay, Andheri, Mumbai City admeasuring 74 Sq. Meter.