Karamchand Harichand Steels Limited was incorporated on 16th December, 1985. The Company obtained its Certificate of Commencement of Business dated March 24th, 1986 and the name of the Company was changed to Rakan Steels Limited. The Company has been involved in the trading and manufacturing of Iron and Steels Products.
During the FY 2019-20, the Company had undergone the process of Share Sub-Division/ Split by way of which, the Face Value of Share was reduced from Rs. 10/- per share to Re. 1/- per share. Further, the consent for the same was accorded by the shareholders in the Extra Ordinary General Meeting duly convened on March 18, 2019.