Technocraft Industries (India) Ltd

Summary

Technocraft has incorporated on 1972 by two brothers Mr. S.K. Saraf and Mr. S.M. Saraf. The brothers, who are IIT Graduates & Technologists, had started with the aim of manufacturing high precision and sophisticated Drum Closures Products.Until 1976 Technocraft focused on the domestic market. India was not recognized as reliable export nation those days, against all the odds, the company launched a major export drive in 1977. Technocraft was recognised as an export house by government of India in 1979. Technocraft initially captured the Middle East export market. Gradually Technocraft moved to USA and Europe. Since customers in USA and Europe were used to buy Drum Closures from the Companys competitors based in Europe and USA, on a very short notice, Technocraft established several foreign subsidiary companies for facilitation of the stock flow to their customers in Europe and USA.At the initial stages the groups strengths were in manufacturing of Drum closures. From inception till 1994,Technocraft continued developing and increasing the production of Drum Closures until it became one of the world largest and most recognized suppliers of Drum Closures. The company subsequently in 1994 acquired a sick unit Maharashtra Steel Tubes Ltd from SICOM, which was into the manufacture of Steel Pipes. The initial production in the early years post acquisition was 500 metric ton per month and in those days Europe was a major importer of steel pipe. Technocraft opened an office in United... Read More