IMEC Services Limited (formerly known as Ruchi Strips & Alloys Limited) (the Company), was incorporated in the year 1987.
The Company in 1991 had set up its manufacturing unit near Indore, Madhya Pradesh for Cold Rolled Steel Coils & Sheets.
The Company had a complete complex with all the manufacturing facilities of different types & grades of Cold Rolled Steel with installed capacity of 1,00,000 TPA.
Members of the Company in March 2011, the entire business including all assets and liabilities of the Company on a going concern basis was sold on a slump sale basis to RSAL Steel Private Limited (a subsidiary of Ruchi Strips And Alloys Limited).
Accordingly, RSAL Steel Private Limited had took over the steel division (industrial undertaking) of the Company in March 2011. After the demerger of its entire steel division, the Company was dealing only in the business of trading of various products and commodities.
From the second half of the financial year 2016-17, the Company has been generating its revenue by its new line of business activity i.e. Management and Consultancy in the field of engineering, information technology and technical. Hence, to resonate the identity and the nature of activity of the Company it has been decided to change the name of the Company from Ruchi Strips and Alloys Limited to IMEC Services Limited, which is being undertaken as a part of corporate rebranding which would make the name of the Company simple, sharp and focused. Accordingly, upon receipt of necessary regulatory approvals the name of the Company was changed to IMEC Services Limited from October 4, 2018.