Magnum MI Steel Pvt Ltd is a joint venture of Batra family and Marubeni-Itochu Steel, Japan. The company manufactures electric resistance welded and stainless steel pipes at its plants in Gurgaon and Bawal, Haryana. It also has a steel service centre for storing, Slitting and cutting of steel, and a press shop for manufacture of components. The company has fully integrated Component manufacturing facility including presses, welding equipments and turret punching. It also make sheet metal components largely for air conditioners.