Sterling Strips Ltd was established on October 22, 1984, in India, as a Private Limited Company according to the Companies Act 1956. Its primary purpose was to manufacture oil/gas fired industrial boilers. The company's founders were S. Venkata Subramanian and Premchand Shah.
In collaboration with Siller & Jamart, Germany, the company produced over 400 industrial boilers and Waste Heat Recovery Boilers, spanning a wide range of steam generation capacities. These were installed in leading business establishments across India. Additionally, the company exported its boilers and components to Saudi Arabia, Dubai, Thailand, and Nigeria, receiving widespread acceptance for their quality.
To finance the expansion of its boiler manufacturing capacity, the company opted for a public share offering in 1994. Prior to this, on October 19, 1994, it transformed into a Public Limited Company as per the Companies Act 1956 in India. The company became listed on the Bombay Stock Exchange, with shares widely held by the public.
The decision to become a Public Limited Company stemmed from a desire to run the business with professional management adhering to a code of ethics. This ethos was deeply embedded in the company's workforce, reflecting a commitment to healthy and sustained growth.
Amidst a surge in the capital goods industry and the emergence of new industrial projects, leading manufacturing firms sought to outsource their requirements. In response, the company strategically focused on two key areas: executing projects on an Engineering, Procurement, and Construction (EPC) basis, and developing in-house API grade Spiral Pipe Manufacturing Activities.
In collaboration with Siller & Jamart, Germany, the company produced over 400 industrial boilers and Waste Heat Recovery Boilers, spanning a wide range of steam generation capacities. These were installed in leading business establishments across India. Additionally, the company exported its boilers and components to Saudi Arabia, Dubai, Thailand, and Nigeria, receiving widespread acceptance for their quality.
To finance the expansion of its boiler manufacturing capacity, the company opted for a public share offering in 1994. Prior to this, on October 19, 1994, it transformed into a Public Limited Company as per the Companies Act 1956 in India. The company became listed on the Bombay Stock Exchange, with shares widely held by the public.
The decision to become a Public Limited Company stemmed from a desire to run the business with professional management adhering to a code of ethics. This ethos was deeply embedded in the company's workforce, reflecting a commitment to healthy and sustained growth.
Amidst a surge in the capital goods industry and the emergence of new industrial projects, leading manufacturing firms sought to outsource their requirements. In response, the company strategically focused on two key areas: executing projects on an Engineering, Procurement, and Construction (EPC) basis, and developing in-house API grade Spiral Pipe Manufacturing Activities.
