Ittefaq Iron Industries Limited, a public listed company producing reliable and best quality steel products, has to its credit a rich legacy spread over many decades starting from Ittefaq Group (Ittefaq Foundries) founded by Mian Muhammad Sharif (Late) in early 1940s. Since then the journey has never stopped and a number of key milestones have been achieved along the way. .
After the division of Ittefaq Group in 1990s among seven families (including Mian Muhammad Sharif & his brothers), the Al-Shafi family inherited Ittefaq Sugar Mills Limited and Brother Steel (Pvt) Limited leading to the foundation of Al-Shafi Group of Companies
Under the banner of Al-Shafi Group, the Al-Shafi family having a rich history in the field of steel production spread over more than 60 years and led by visionary leadership of Mian Muhammad Javed Shafi, established Alshafi Steel (Pvt) Limited in 2006 consisting of one induction furnace and a continuous casting plant (CCM).
Also in 2006, for the sake of diversification and mitigation of business risks, another entity namely Ittefaq Sons (Pvt) Limited was established. The principal activity of this unit was to manufacture steel bars of varied dimensions through a fully automated state of the art plant. Furthermore, to ensure quality standards, the entity was equipped with a latest laboratory unit for chemical and mechanical analysis consisting of an Optical Emission Spectrometer of M9 Series, CS loco-Apparatus and Ultimate Tensile Machines.
Both Alshafi Steel (Pvt) Limited and Ittefaq Sons (Pvt) Limited were located at 8-km Manga Raiwind Road, District Kasur.
Later on, in 2008, another induction furnace was installed at Alshafi Steel (Pvt) Limited to meet ever increasing billet requirements of Ittefaq Sons (Pvt) limited. In the year 2009, to enhance operational efficiency and streamline organizational structures, through merger of Alshafi Steel (Pvt) Limited with Ittefaq Sons (Pvt) Limited a new entity namely Ittefaq Iron Industries was established.
Today the name Ittefaq Iron Industries Limited is a company of repute having captured significant share of steel products market and steadily achieving higher and higher growth targets while significantly contributing to the national economy and over-all development of Pakistan. In 2012, the company went for further business expansion by importing and installing a fully automated steel profile manufacturing unit which is one of the biggest steel section manufacturing units of Pakistan. This smart unit is capable of producing heavy steel section for residential and industrial purposes like I-beams, H-beams, Angles and Channels.
The company achieved another worthwhile milestone in May 2017 by going for listing at Pakistan Stock Exchange. The Initial Public Offering (IPO) was over-subscribed by 2.5 times and the company generated Rs 1.26 billion from the stock market.