Industries are inherently dangerous places, with a plenty of potential hazards that can result in accidents, injuries and even fatalities. The industrial sector is fraught with inherent risks and challenges because this industry is plagued with risk. Risk management is a crucial aspect of these companies’ decision-making process. Various Risk assessment technique are there that are used in the industry but each technique have their own advantage and disadvantages. This study focuses on the industrial safety risk levels and provides solutions to address them. Risk assessment is an important step in risk management. In this paper, fact finding have been done based on the secondary data and calculation have been done based on the survey. The efficiency of mitigation measure are calculated to evaluate the risk mitigation measure impact in controlling or reducing the risk factor either by decreasing severity or probability. Efficacy of the measure is also important to calculate in order to priorities the risk and its mitigation measure. There are frequent casualties in the industries, causing immense anguish to industrial worker’s families. As a result, it is critical to investigate this problem. Effective risk assessment is crucial in the industry to mitigate potential hazards and ensure the safety of workers, bystanders and the environment. Efficacy of the measure is also important to calculate in order to priorities.