In 2016, the Atiq Azar Sahand Investment Company purchased the Shamsh Pars Ram Industrial Company from its Indian owners and renamed it to Sanat Tejarat Pardis Azerbaijan Company. This firm was registered with the Companies House of the Qom Province on 2016/06/16 at Number 42688 and the national ID of 14005929520.

On 2016/11/27, the firm acquired the development licensee number 22538 from the Industry, Mining, and Trade Department of the Qom Province for the implementation of the development plan to build a low-alloy and structural steel rebar rolling plant with an initial capacity of 700,000 tons per year.