1947 – India gains independence and the seeds are sown for the establishment of the world’s largest democracy. Coincidentally, the industrial giant Company know today as Mahindra & Mahindra (M&M) took birth at the same time diversifying from steel trading to manufacturing and allied activities.
Steel trading continued to be a core activity for the M&M group, post independence, and was handled by its Intertrade Division. Post liberalisation, a need was felt to provide value-added services for steel processing which gave birth to MSSCL – Mahindra Steel Service Centre Ltd. – located at Kanhe (near Pune). MSSCL was the first steel service centre in the organised sector in India and focused on Just–in–Time (JIT) delivery of processed steel to its customers, a concept hitherto unknown in the country.
Around the same time, the group felt that since its steel trading and processing operations had expanded considerably, it may help to convert the steel vertical into an independent subsidiary. Mahindra Intertrade Ltd. was thus born in 1999.
Intertrade is the pioneer in the steel processing space in India – or steel service centres as they are commonly called.