Two members of the gang were held on April 1 from Turbe in Navi Mumbai, while one person was apprehended on Thursday, a press note issued by Thane police said.
The gang of thieves had on February 17 this year allegedly looted copper plates of a laser cutting machine, a punching machine and two mobile phones from premises of one Harvinder Industries at Atgaon in Sahapur and also assaulted the watchman there, senior inspector, Local Crime Branch, Thane rural police Abhay Kurundkar said.
Acting on tip off, a team of LCB laid a trap at a bar in Turbhe on April 1 and arrested the two members of the gang, the officer said.
The accused were identified as Mohammad Sanvar alias Manya Anwar Shaikh (32) and Saddasm Mohammad Aziz Hussain (30), residents of Panvel and Badlapur, respectively.
During interrogation, the duo revealed that there were four more persons had joined them for the dacoity.
They also told police that a scrap dealer was also involved to whom they had sold the stolen copper plates. A police team arrested the scrap dealer, identified as Samir Sagi Hasmi (32) on April 7 from Ulhasnagar and recovered the stolen booty worth Rs 40,000.
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