Technocraft was established in 1972 by two brothers Mr. S.K. Saraf and Mr. S.M. Saraf. The brothers who are IIT Graduates & Technologists, had started with the aim of manufacturing high precision and sophisticated Drum Closures Products.

Until 1976 Technocraft focused on the domestic market. India was not recognized as reliable export nation during those days, against all the odds, the company launched a major export drive in 1977. "Technocraft" was recognized as an export house by government of India in 1979.

The company subsequently in 1994 acquired "Maharashtra Steel Tubes Ltd" from SICOM, which manufactured Steel Pipes. The initial production in the early years post acquisition was 500 metric ton per month and in those days Europe was a major importer of steel pipe.