Flat Products Equipments (I) Limited, now a public limited company, traces its origins to a proprietary organisation established in 1978 by Mr T. R. Mehta, a Gold Medallist in Metallurgy, and also a recipient of India's prestigious Metallurgist Award "India's Man of Metal", Mr T. R. Mehta established this company with an initial name 'Precision Equipments' to manufacture cold rolling mills and its related equipments. The company speeded up the cold rolling industry in India through development of indigenous and appropriate technology which otherwise would have depended on imports at prohibitive cost.

Flat Products Equipments Pvt. Ltd. was incorporated in 1986 and earned a reputation for itself in its field and went public in the year 1993.

While searching for new technology and know-how FPE believed in partnership with foreign technology suppliers to enable itself to effect necessary modifications and improvements to suit different conditions. As the industry grew in size and complexity, the company redefined its business to include broader spectrum of cold rolling mills, processing lines and auxiliary equipments.
Today, Flat Products has grown to a multi-product, designing, manufacturing and contracting organisation with a turnover of Rs.1800 Million ( US $ 39 Million ), employing about 350 people.

Flat products Equipment (I) Pvt. Ltd became the first and only company in India to export cold rolling mills to Europe, USA, Korea, China, Mexico. and other developing countries of the world - not only earning valuable foreign exchange but also saving the outflow of foreign exchange by import substitution and working towards making India self reliant and proud in the international market. This success is the result of the ceaseless pursuit of excellence in our endeavour and painstaking efforts of our team, earning a credible reputation for our organisation in the international market.