Smiths & Founders (India) Limited specializes in manufacturing ferrous forgings and machined components for industries such as automobiles, agriculture, and mining. The company's origins date back to 1982, evolving through various reconstitutions until its current form in 2014.

Historically, Smiths & Founders faced financial difficulties, becoming a sick company as losses exceeded share capital, leading to its rehabilitation approved by the Board for Industrial and Financial Reconstruction in 2014.

Over the years, the company attempted diversification into software development, creating a banking software for cooperative sectors in the early 2000s, although forging remains its core business.

The company expanded its steel forging capacity significantly in the 1990s, although it faced challenges and sold off one of its units in 2009. It acquired assets from Sahyadri Forge, facilitating its growth.

Smiths & Founders targets a clientele that includes major industrial players such as BHEL, Automotive Levers, and Elgi Auto Engineering.