Shah Metacorp (SML) (formerly known as Gyscoal Alloys), a public limited company, was incorporated in the year 1999 as a private limited company. Initially, the company started its business with the trading of iron and steel scraps, billets and steel long products. The company also decided to trade in mild steel products namely CTD Bars and TMT Bars. The company took over a steel rolling mill business from Shah Group at Ubkhal, Mehsana and started manufacturing of rolled products in the year 2005. The company further started its Steel Melting Shop with a capacity of 12,000 MT per annum which was further increased to 18,000 MT per annum in the year 2008-09. Looking to the potential higher value addition in case of stainless-steel products, the company decided to manufacture Stainless Steel long Products. Currently, the company stands among the top manufacturers of stainless-steel bars and mild steel products like angle bars, bright bars, and flat bars. 

Business area of the company

The company is a leading manufacturer, exporter, and supplier of stainless steel and mild steel long products in India.

Products

Stainless Steel 

• Equal Angle Bars
• Bright Bars
• Flat Bars
• Flats (pata)
• Ingots

Mild Steel

• Angles

Milestones/ Major events

• 1999: Company incorporated as Shreenath Mineral Metal Private Limited on September 29.
• 2004: Name changed to Gyscoal Alloys Private Limited.
• 2005: Acquired a steel rolling mill unit from Shah Alloys Group, increasing capacity to 6,000 MTPA
• 2005: Started manufacturing rolled steel products.
• 2006: Converted to a public limited company and renamed Gyscoal Alloys Limited
• 2006: Started Steel Melting Shop with capacity of 12,000 MT per annum.
• 2006-07: Expanded rolling mill capacity to 18,000 MTPA
• 2006-07: Began manufacturing stainless steel long products ranging from 200 to 400 series grades.
• 2007-08: Initiated exports to Far East Asian countries.
• 2008-09: Increased steel melting capacity to 18,000 MT
• 2008-09: Certified ISO 9001:2008 for stainless and mild steel products.
• 2009-10: Developed Bright Bar Unit and began operations.
• 2013: Acquired majority stake in Thai Indo Steel.
• 2023: Company name changed from Gyscoal Alloys Limited to Shah Metacorp Limited.
• 2024: Invested in Shah Agrocorp Private Limited, wholly-owned Subsidiary.
• 2025: Invested in Western Urja Private Limited.