BAGREE ALLOYS LTD was established in 1998 under the name of MONEEY METALS (P) LTD.The first Cupola Furnace was erected in 2001 with capacity of 600 Tones of Castings per annum and prime focus of manufacturing Spares for Pump Industry Players like Kirloskar Bothers, Usha India and few other manufacturers located in and around Dewas.

The company was taken over by current Management in December 2003 with a view to enhance the Capacity and Modernize Equipment Infrastructure. The capacity was immediately enhanced to 1020 metric tones per annum by adding One moreCupola Furnace and replacing the old furnace with new and bigger one. The Company also entered into other market segments like Earth Moving Equipments, Compressors and Engines where CI Castings finds wide application.