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Indore Steel & Iron Mills Ltd. (ISIML) was started in 1948 as a partnership firm and small cross country rolling mill to manufacture construction bars by Late Sardar Hardial Singh Babbar. The firm was converted into a privet limited company in 1975 and subsequently into public limited company in 1985.

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Indore Steel and Iron Mills Limited (ISIM) is a company formed just after independence and is in existence since the 1940s to pioneer in steel in Central India. ISIM also ventured overseas by setting up steel manufacturing in Sri Lanka and has its presence in that country for over 15 years.

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