P S Raj Steels Limited was originally incorporated as P S Raj Steels Private Limited' as a Private Company on November 09, 2004 with the Registrar of Companies. Thereafter, the status of the Company converted into a Public Company  to P S Raj Steels Limited' following a fresh Certificate of Incorporation on August 06, 2024 was issued by Registrar of Companies, Delhi and Haryana. The Company  operate primarily in manufacturing Stainless Steel Pipes & Tubes. Key sectors include railways, furniture, households, gate railing, door frames, rice plants, sugar mills, food processing, heat exchanger etc. 

The Company commenced trading in stainless steel during the period 2005-06; it set up a manufacturing plant in Hisar district of Haryana and began construction work in 2006-07. It purchased 2 tube mills and other machines in establishing the production line in 2007-08.

The Company further installed two new tube mills to the plant in 2010. It introduced two automatic polish machines in 2011 and resulting the production rose to approx. 1,411 MT in 2012. In 2015-16, the construction of manufacturing plant set-up already in 2006 at Hisar was completed with the installation of Slitting-line Machines. The Company created a milestone by constructing Building-3 in Hisar, which commissioned in 2019.

The Company launched the IPO by allotting a fresh issue of 20,20,000 equity shares of Rs 10 each, by raising Rs 28.28 Cr in February, 2025.