Steelage Industries Ltd. originated as a manufacturer of equipment such as safes and lockers for the security market. It grew rapidly mainly because of outstanding quality and captive demand. It later acquired Minimax - a manufacturer of fire fighting equipment.
Steelage Industries Ltd. was established in early 1932, it was a period that was dominated by the textile industries and when there were not many engineering companies in operation. Rising above its milieu, the company set up facilities to manufacture steel furniture, cupboards and other allied products in a small shed at Mazagaon, Mumbai. In due course of time, it upgraded its facilities to also produce higher-end security products like safes, vaults and lockers for banks and documents and data protection cabinets for other users.
As a step towards providing quality security solutions Steelage Industries Ltd. in the year 1951 entered into technical collaboration with UK based Chubb Safes Group, who were acknowledged as world-wide leaders in security business safeguarding wealth in all major banks and commercial establishments.
Equity participation from Chubb Group in 1971 gave Steelage Industries Ltd. the green signal to make further forays into the Indian market. The partnership with Chubb Group also resulted in Steelage Industries Ltd. acquiring Minimax of India Ltd. ‘Minimax’ division, a highly reliable and trusted name in fire extinguishers under the brand name Minimax.
The growth of the Indian economy, in general, and growth of its banking network and industrial infrastructure in particular, helped Steelage Industries Ltd. to become an important and integral part of the security and safety-products market.
In 1975-76, a well-equipped factory for manufacture of fire-extinguishers and allied products was set up at Ambattur, near Chennai. Another new and modern industrial plant for manufacture of fire engines, trailer pumps and portable pumps was commissioned in July 1986 at Ambattur.
The growth of Indian economy saw the industrial infrastructure improve considerably leading to an increase in the need for fire protection systems. In 1980, Fire Protection systems business was started under the brand name Minimax. Since then the Projects division undertakes projects related to installation of fire detection, fire alarm, fire-extinguishing facilities for buildings and industrial complexes.
In December 1994, the controlling interest of Steelage Industries Ltd. changed hands and the Turner Morrison Group took up the challenge of advancing the business by infusing many change initiatives.
In 1999, the majority stake in the company was acquired by Williams Plc, a leading International security group based in the UK. Steelage Industries Ltd. then became an integral part of the Chubb Safes Group; under the umbrella of Williams Plc. Chubb Safes was already the market leader in countries such as the UK, Canada, South Africa, India, Indonesia and other parts of Asia.
In March 2000, the Sweden-based Gunnebo Group acquired the ChubbSafes business. With this acquisition Gunnebo became the global leader in Physical Security products, as it already had under its umbrella the leading European brands such as Fichet- Bauche, Rosengrens and Garny. Gunnebo Group made a public offer for the remaining shares in Steelage Industries Ltd. and at the end of 2005 the name of the company was changed to Gunnebo India Ltd.
Being a part of the Gunnebo Group, the organization is poised for greater integration and access to the latest developments in modern technologies. This will provide a distinct competitive advantage in the security solutions market. The long term commitment and support from Gunnebo Group which is evident from initiatives like technological upgradations at plant, strategic management changes at corporate level, strengthening the equity. And other change initiatives in terms of physical consolidation of operations and international integration through ERP are some of the steps being taken to unite Gunnebo India Ltd’s business with Gunnebo Group’s worldwide objective of Gunnebo - for a safer world TM.