Gallard Steel Limited, established in April 2015 and headquartered in Madhya Pradesh, India, is an engineering company specializing in manufacturing critical components, assemblies, and sub-assemblies for sectors including Indian Railways, defence, power generation, and industrial machinery. Utilizing materials such as carbon steel, ductile iron, grey cast iron, and alloy steels, the company’s products serve heavy engineering, railways, and defence industries. Key products include traction motor and bogie assembly components for railways, cradles and recoiling assembly cylinders for defence, and components for thermal and hydro turbines in power generation.
The company’s manufacturing plant, located in Pithampur, Madhya Pradesh, is equipped for casting, heat treatment, grinding, and finishing operations. Gallard Steel is ISO 9001:2015 certified and holds a Class 'A' Foundry Status from the Research Designs and Standards Organization (RDSO) under the Ministry of Railways, confirming compliance with stringent quality and safety standards. The firm is also an approved vendor for critical components for electric locomotives, traction motors, and defence applications, underscoring its technical and production capabilities.
In recent developments, Gallard Steel has acquired Sleeploop India Private Limited, now its wholly-owned subsidiary as of 2024, and is preparing for an IPO with a fresh issue of 3,000,000 equity shares. The IPO signals the company’s intent to expand its operations and cater to the growing demand in its target sectors. Gallard Steel’s strong presence in key infrastructure industries and its certifications position it as a reliable partner in India’s engineering and manufacturing space.
Potential investors can view Gallard Steel as a company focusing on vital infrastructure sectors, boasting robust technical expertise and strategic industry approvals, which form the foundation for sustainable growth and expansion opportunities.
