Lucknow: Lucknow marked a significant milestone on Monday morning as a city-based private company made its debut on the Bombay Stock Exchange’s SME platform, signalling a strong step forward for regional industry participation in India’s capital markets.
Safety Controls and Devices Ltd (SCDL), founded in 1997, has steadily evolved over nearly three decades, diversifying its operations across multiple sectors and establishing itself as a notable player in the power, infrastructure, and renewable energy space.
A New Chapter in Growth
The listing on the BSE SME (Small and Medium Enterprises) platform represents a major leap forward for the company, which has grown from a private enterprise into a diversified engineering and solutions provider.
Over the years, SCDL has expanded its footprint across engineering, procurement, and construction (EPC) services, gradually strengthening its position in India’s growing renewable energy ecosystem.
Industry observers note that the SME listing trend continues to provide a crucial bridge for mid-sized firms transitioning from privately held structures to public market participation.
Leadership on the Listing
Welcoming the development, Managing Director Rajnish Chopra highlighted the strategic importance of the public listing for the company’s future expansion plans.
“Our financial position will be further strengthened through this listing and will help us scale operations across infrastructure, renewable energy, and EPC segments,” Mr. Chopra said.
The company aims to leverage the listing to enhance financial flexibility, improve visibility, and accelerate growth in high-demand sectors.
Bell-Ringing Ceremony Marks the Moment
The listing ceremony in Mumbai saw participation from several prominent dignitaries, including officials from industry and governance circles.
Among those present were senior representatives such as Alok Kumar (ACS, Industries and MSME), Invest UP CEO Vijay Kiran Anand, and former IAS officer and past Prasar Bharati Chairman Navneet Sehgal, alongside other distinguished guests who attended the ceremonial bell-ringing event marking SCDL’s entry into the public markets.
Among the distinguished dignitaries present at the bell ringing ceremony were Rajnish Chopra, Chairman & MD; Anjali Chopra, Non-Executive Director; Abhishek Chopra, Whole Time Director, Safety Controls & Devices Ltd, along with Sumit Saxena, AVP, Listing & SME, BSE and others who rang the #BSEBell to mark the listing.
The occasion reflected the growing interest in SME listings as a vehicle for industrial expansion and regional economic growth.
From Private Firm to Public Market Player
Founded in 1997, SCDL has gradually built a reputation in engineering-led sectors, particularly in energy and infrastructure-related services. Its diversification strategy over the years has helped the company adapt to evolving market demands, especially in the renewable energy transition space.
With India’s infrastructure and clean energy sectors expanding rapidly, companies like SCDL are increasingly positioning themselves as key contributors to national development goals.
What the Listing Means Going Forward
Market experts suggest that SME listings often provide companies with improved access to capital, stronger governance frameworks, and enhanced credibility among clients and partners.
For SCDL, the listing is expected to support its ambitions in scaling EPC operations and expanding renewable energy capabilities—both critical sectors in India’s long-term growth roadmap.
A Boost for Lucknow’s Industrial Landscape
The listing also highlights Lucknow’s growing presence in India’s corporate ecosystem. As more regional firms step into public markets, the city continues to strengthen its identity as an emerging hub for diversified industrial growth beyond traditional sectors.
With its transition into a publicly listed entity, Safety Controls and Devices Ltd enters a new phase of expansion and accountability. Backed by nearly three decades of experience, the company now aims to scale operations while aligning with India’s infrastructure and clean energy ambitions.
For Lucknow, it is another step forward in its evolving story as a rising centre of enterprise and industry.
