Steelage Industries Ltd. originated as a manufacturer of equipment such as safes and lockers for the security market. It grew rapidly mainly because of outstanding quality and captive demand. It later acquired Minimax - a manufacturer of fire fighting equipment.
Steelage Industries Ltd. was established in early 1932, it was a period that was dominated by the textile industries and when there were not many engineering companies in operation. Rising above its milieu, the company set up facilities to manufacture steel furniture, cupboards and other allied products in a small shed at Mazagaon, Mumbai. In due course of time, it upgraded its facilities to also produce higher-end security products like safes, vaults and lockers for banks and documents and data protection cabinets for other users.
As a step towards providing quality security solutions Steelage Industries Ltd. in the year 1951 entered into technical collaboration with UK based Chubb Safes Group, who were acknowledged as world-wide leaders in security business safeguarding wealth in all major banks and commercial establishments.
Equity participation from Chubb Group in 1971 gave Steelage Industries Ltd. the green signal to make further forays into the Indian market. The partnership with Chubb Group also resulted in Steelage Industries Ltd. acquiring Minimax of India Ltd. ?Minimax? division, a highly reliable and trusted name in fire extinguishers under the brand name Minimax.
The growth of the Indian economy, in general, and growth of its banking network and industrial infrastructure in particular, helped Steelage Industries Ltd. to become an important and integral part of the security and safety-products market.
Posted on: [05-AUG-11]
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