Chain is the most important element of the industrial processes required for transmitting power and conveying of materials. As these chains operate under various forces, failure of chain assembly is the major problem. The scope of this paper is to study about uncertainties in heat treatments and effect of same on the stress strain curve and mechanical properties of chain link plates. Finally, experimentation is carried out on the chain assembly to study the failure of the chain. Furthermore, as lot of work has already been done in other components of chain, in this paper the focus has been narrowed down to Finite Element Analysis (FEA) of specific component like pin.