Our Journey
1976
Foundation of Iraki Scrap Suppliers
The entrepreneurial journey began with Mr. Shamsulhaq Iraki, who established Iraki Scrap Suppliers in Ahmedabad. Starting with a modest operation in metal scrap trading, he laid the foundational principles of hard work, ethics, and market foresight that continue to guide the Group to this day.
2008
Incorporation of our Company and commencement of operations
2018
Acquisition of Samakhiyali Facility through liquidation process under the Insolvency and Bankruptcy Code, 2016 (“IBC”)
2019
With a focus on long-term manufacturing sustainability, the Group established Haq Steel Pvt. Ltd. and set up a TMT manufacturing plant at Viramgam.
2020
Entered into a trademark license agreement with Shree Ganesh Rolling Mills (India) Limited for use of trademark “Jindal” for manufacturing of steel rebars
2023
Commissioning of 4.24 MW hybrid wind solar power plant
2024
Acquisition of 97.41% stake in German TMX Private Limited (material subsidiary)
2025
Entered into a contract manufacturing agreement with JSW One Distribution Limited (“JODL”) to enable us to manufacture quality products (as defined in the agreement), which adhere to specifications, standards, quality assurance plan/ SOP laid down by JODL and the guidelines of BIS