Scan Steels
Scan Steels Limited is a BSE-listed integrated secondary steel manufacturer, producing TMT bars, MS billets, structural steel, roofing sheets, and fly ash bricks. It serves construction, institutional, and household customers primarily through a dealer network across Odisha and southern India.
- Company typePublic
- Founded1990
- HeadquartersMumbai, India
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Scan Steels does
Scan Steels Limited is a BSE-listed (ticker: SCANSTL) secondary steel manufacturer incorporated in 1990, with commercial operations commencing in 1997. The company produces TMT bars under the SHRISHTII TMT brand (8mm to 32mm, IS: 1786 standard), MS billets, structural steel products (angles, flats, square bars, channels, round-plain rods), binding wires, galvanized structures, PVC coated roofing sheets under SHRISHTII ROOFING, and fly ash bricks. Its manufacturing operations are vertically integrated, encompassing DRI (Direct Reduced Iron) units, rolling mills, a steel melting shop, captive power generation utilizing waste heat from DRI kilns, slag processing, and a coal washery. Production facilities are located in Odisha (Rajgangpur and other sites) and Karnataka (Bellary), with a corporate and sales office in Bhubaneswar and registered office in Mumbai.
The company distributes its products through a dealer network concentrated in Odisha, supplemented by direct corporate sales targeting institutional and government buyers. Its primary customer segments are the construction industry (residential, commercial, and infrastructure), trade and distribution partners, institutional buyers, and individual homeowners. TMT bars exceed ISI standards on key mechanical properties — 2% proof stress of 500 N/mm2 versus 415 N/mm2 ISI standard, tensile strength of 500-600 N/mm2 versus 485 N/mm2 ISI standard, and 15% elongation versus 14.5% ISI standard. The company holds ISO 9001:2015, ISO 14001:2015, OHSAS 18001:2007, and ISI:1786 certifications.
Scan Steels generates revenue through one-time sale of manufactured steel products and roofing materials through its dealer network, with pricing not publicly disclosed. Its brand architecture comprises SHRISHTII TMT and SHRISHTII ROOFING as flagship brands, with the company describing itself as the largest TMT manufacturer in Odisha through the secondary route of steel making. The company is led by Founder and Non-Executive Chairman Rajesh Gadodia, with a board including Executive Director (Projects) Praveen Kumar Patro, Whole-time Executive Director Ankur Madaan, and CFO Kalyan Kiran Mishra.
Scan Steels firmographics
Firmographics- Name
- Scan Steels
- Legal name
- Scan Steels Limited
- Website
- https://scansteels.com
- Company type
- Public
- Founded year
- 1990
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Scan Steels Limited is a BSE-listed integrated secondary steel manufacturer, producing TMT bars, MS billets, structural steel, roofing sheets, and fly ash bricks. It serves construction, institutional, and household customers primarily through a dealer network across Odisha and southern India.
- Ownership category
- akta.pro rank
Scan Steels industry classification
Industry- Product category
- Steel Manufacturing
- NAICS
- Iron and Steel Mills and Ferroalloy Manufacturing (3311), Steel Foundries (except Investment) (331513)
- SIC
- Steel Works, Blast Furnaces & Rolling & Finishing Mills (3310), Iron & Steel Foundries (3320)
- akta.pro primary industry
- Hot Rolling & Primary Mills (Plate, Hot-Rolled Coil/Sheet, Strip) (IMAKABAE)
- akta.pro secondary industries
- Direct Reduced Iron (DRI) & Hot Briquetted Iron (HBI) Production (IMAKABAC), Coated & Plated Steel (Galvanized, Galvalume, Tinplate, Electrogalvanized, Color-Coated) (IMAKABAG)
Keywords
Where Scan Steels is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices5 records
Markets served
Scan Steels business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- TMT Bars Sales: Manufacture and sale of TMT rods under SHRISHTII TMT brand for construction activities across various sectors
- Steel Products Portfolio: MS Billets, structural steel (angles, flats, square bars, channels, round-plain rods), binding wires, galvanized structures
- Roofing Sheets: PVC coated profile sheets under SHRISHTII ROOFING brand
- Fly Ash Bricks: Manufacturing and marketing of high-quality fly ash bricks through dealer network in Odisha
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Roofing sheets available in various sizes |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Scan Steels product offering
Product offeringCore offering
Scan Steels Limited operates an integrated secondary steel manufacturing plant producing TMT (Thermo-Mechanically Treated) reinforcement bars under the brand SHRISHTII TMT, along with MS Billets, structural steel (angles, flats, square bars, channels, round-plain rods), galvanized structures, binding wires, PVC-coated roofing sheets under SHRISHTII ROOFING, and fly ash bricks. The company runs DRI (Direct Reduced Iron) units, rolling mills, a steel melting shop, captive power plant, slag processing unit, coal washery, and iron ore crusher facilities across Odisha and Karnataka.
Differentiator
Problem solved
Functional benefit
Brands
- SHRISHTII TMT: TMT rods manufactured by Scan Steels Limited, ranging from 8mm to 32mm at IS: 1786 standard.
- SHRISHTII ROOFING
Products and services
- SHRISHTII TMT Bars Thermo-Mechanically Treated reinforcement steel bars ranging from 8mm to 32mm diameter conforming to IS: 1786 standard, used in construction of residential, commercial, and infrastructure projects. The bars deliver 2% proof stress of 500 N/mm2, tensile strength of 500-600 N/mm2, and 15% elongation, exceeding ISI benchmarks.
- MS Billets Mild Steel billets produced in-house as intermediate feedstock used in rolling mills for manufacturing TMT bars and other steel products.
- Shrishtii Structural Steel Structural steel products including angles, flats, square bars, channels, and round-plain rods used in construction and fabrication activities.
- SHRISHTII Roofing Sheets PVC coated color pre-coated corrugated profile sheets available in various sizes (length 5' to 25', width 3.5', thickness 0.50mm), used for roofing in industrial, commercial, and residential construction.
- Fly Ash Bricks High-quality fly ash bricks manufactured and marketed through dealer network in Odisha, used as an alternative building material in construction.
- Galvanized Structures Galvanized structural steel products manufactured for construction applications requiring corrosion resistance.
- Binding Wires
Quantifiable outcome
- 20% material savings in construction projects using Scan TMT bars vs ordinary rods
- +2 more outcomes
Companies that use Scan Steels
Customer profileSegments4 records
Ideal customer profiles4 records
Scan Steels technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Scan Steels partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor and core.
- YMFI (Youth Movement Federation of India)minorScan Steels collaborated with YMFI for tree plantation programs as part of environmental CSR initiatives. SSL officials volunteered alongside YMFI executives in various plantation programs.
- Adroit Corporate Services Pvt. LimitedcoreRegistrar and Transfer Agent for Scan Steels Limited handling share registry, investor services, and transfer of securities. Located at Jafferbhoy Industrial Estate, Mumbai.
Scale indicators4 records
Recent moves10 records
Expansion highlights4 records
Scan Steels competitors and assessment
Company assessmentBroad incumbents
- Jindal Steel & Power: Integrated Indian steel producer with mining, power, and steel operations including TMT and structural products; competes with Scan Steels in eastern India on infrastructure and institutional tenders.
- Tata Steel (Tata Tiscon for TMT): Largest Indian private-sector integrated steelmaker; competes with Scan Steels in the TMT bar segment via the Tata Tiscon brand, but operates across the full steel value chain with vastly larger scale and national distribution.
- Steel Authority of India Limited (SAIL): India's largest state-owned steel producer with integrated BF-BOF plants and TMT bar supply; competes in eastern India including Odisha with Scan Steels via institutional and government project channels.
- JSW Steel: Major Indian integrated steel producer with TMT bar offerings (JSW NeoSteel) and national distribution; competes in eastern India with Scan Steels and far larger capacity footprint.
- Rashtriya Ispat Nigam Limited (Vizag Steel / RINL): Public sector integrated steelmaker producing TMT bars and long products; competes with Scan Steels in eastern and southern India on price-sensitive construction and infrastructure channels.
Direct peers
- Shyam Steel: Indian TMT bar manufacturer with primary steelmaking and branded TMT products; closely comparable to Scan Steels in product mix and regional secondary-route positioning, with stronger brand reach in eastern and northeastern India.
- Kamdhenu Limited: Indian branded TMT bar manufacturer focused on franchise-based manufacturing and distribution; highly comparable to Scan Steels in TMT-centric product mix and dealer-network distribution model.
- Gallantt Ispat: Indian secondary-route integrated steelmaker producing TMT bars, billets, and structural steel with eastern India operations; closely comparable to Scan Steels in scale, route, and regional focus.
- Electrosteel Castings: Indian integrated steel and DI pipe producer with eastern India operations; overlaps with Scan Steels on TMT bars and structural steel in similar regional markets.
- Jai Balaji Industries: Indian integrated steel manufacturer producing TMT bars, structural steel, and billets via secondary/induction route with operations in eastern India; directly comparable to Scan Steels in scale, route, and product mix.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Scan Steels social profiles
Digital presenceScan Steels financial estimates
Financial estimateRevenue estimate
Valuation estimate
Scan Steels leadership team
Management profileNumber of profiles
Profiles8 records
Scan Steels funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Scan Steels M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Scan Steels
What does Scan Steels do?
Scan Steels Limited operates an integrated secondary steel manufacturing plant producing TMT (Thermo-Mechanically Treated) reinforcement bars under the brand SHRISHTII TMT, along with MS Billets, structural steel (angles, flats, square bars, channels, round-plain rods), galvanized structures, binding wires, PVC-coated roofing sheets under SHRISHTII ROOFING, and fly ash bricks. The company runs DRI (Direct Reduced Iron) units, rolling mills, a steel melting shop, captive power plant, slag processing unit, coal washery, and iron ore crusher facilities across Odisha and Karnataka.
Is Scan Steels a public or private company?
Scan Steels is a public company. It is classified as public and is currently operating.
When was Scan Steels founded?
Scan Steels was founded in 1990. It employs 1,001 to 5,000 people.
Where is Scan Steels based?
Scan Steels is headquartered in Mumbai, India, in the Asia region.
How does Scan Steels make money?
Four revenue lines are on record. TMT Bars Sales are the primary driver. The others are steel Products Portfolio, roofing Sheets and fly Ash Bricks.
Who are Scan Steels's main competitors?
Broad incumbents on record are Jindal Steel & Power, Tata Steel (Tata Tiscon for TMT), Steel Authority of India Limited (SAIL), JSW Steel and Rashtriya Ispat Nigam Limited (Vizag Steel / RINL). Direct peers are Shyam Steel, Kamdhenu Limited, Gallantt Ispat, Electrosteel Castings and Jai Balaji Industries.
Does Scan Steels have an API?
No public API is recorded for Scan Steels.
What industry is Scan Steels in?
Scan Steels's product category is Steel Manufacturing. Its primary akta.pro industry code is IMAKABAE, Hot Rolling & Primary Mills (Plate, Hot-Rolled Coil/Sheet, Strip), with a secondary code of IMAKABAC, Direct Reduced Iron (DRI) & Hot Briquetted Iron (HBI) Production. Its NAICS code is 3311 and its SIC code is 3310.