Indicaa was incorporated in 1993 in the Isle of Man, UK. The company commenced commercial operations in Dubai, UAE. Beginning with trading in steel products, the company soon identified ferrous scrap metal trade as a key focus area and decided to exploit the huge potential in containerized scrap metal trade hitherto unexplored, especially between the Middle East and the Indian subcontinent.
By 1999, the company made its foray in scrap metal procurement from Africa with amazing results. Indicaa then expanded its markets by venturing into South East Asia and a little later into Vietnam, where it was a pioneer in this trade. Success in this expansion pushed Indicaa’s annual volumes to 500,000 Tons by 2005. As Indicaa grew its foot hold in costal Africa, Indicaa continued to also expand its markets covering almost all scrap metal importing nations, East of Pakistan up to Korea. With rising demand from Europe and USA for export of scrap metal in containers, Indicaa started procuring from western countries and has not looked back ever since. In 2012, Indicaa launched procurement from Brazil. Similarly procurement from Poland was launched in the same year so as to cover the Eastern Bloc countries. In 2014, USA operations were commenced on a “Direct from Supplier” basis.