Company Profile

The Company was incorporated on 12th March, 1980 in India. The main object of the Company as per Memorandum of Association was:

To carry on the business of manufactures, importers, exporters and dealers in all kinds of organic and inorganic chemicals and chemical products of every nature and description and compounds, intermediate derivatives and bye-products thereof and products to be made therefrom including specifically silicates, caustic soda, soda ash, acids, such as Phosphoric Acid, Hydrochloric Acid, Sulphuric Acid, Nitric Acid etc. ether, ethyl chloride, plastics, resins, dye-stuffs, food-direct colours, basic and rapid fast colours, pigments, products derived from phosphate mines, lime stone quarries, bauxite mines and other natural deposits useful or suitable in the manufacturing of chemicals and chemical products.

Since agriculture is a very important sector it goes without saying that the fertilizer industry is one which the Indian economy cannot do without. The fertilizer industry in India is extremely vital as it manufactures some of the most important raw materials required for crop production. The primary objective of this industry is to ensure the inflow of both primary and secondary elements required for crop production in the desirable quantities.

Fertilizers are substances that supply one or more of the chemicals required for plant growth. Fertilizers can be both organic and inorganic. As per industry experts it is said that there are sixteen elements that are absolutely necessary for plant growth. Out of these sixteen elements are required in large uantities while the other seven are needed in smaller amounts.

The success of the agricultural sector in India is largely dependent on the fertilizer industry. The benchmark that the food industry in India has set is mainly due to the many technically competent fertilizer producing companies in the country.

India is home to numerous top class private and government fertilizer companies. Ranging from fertilizers to seeds to fungicides the many fertilizer companies in India are the major reason behind the success story of the sector in India.

In the present scenario, there are more than 57 large and 64 medium and small fertilizer production units under the India fertilizer industry. The main products manufactured by the fertilizer industry in India are phosphate based fertilizers, nitrogenous fertilizers, and complex fertilizers. The fertilizer industry in India with its rapid growth is all set to make a long lasting global impression.

However, due to change in Policy of the Government pertaining to the Fertilizer Industries, the Company has incurred heavy losses resulting into erosion of Networth and finally recommended to the BIFR. BIFR has passed an order dated 29th July, 1998.

Regarding Existing business of the Company (details of its business):

Only about 6% of the salt manufactured in the world is used in food. Of the remainder, 12% is used in water conditioning processes, 8% goes for de-icing highways and 6% is used in agriculture. The rest (68%) is used for manufacturing and other industrial processes,and sodium chloride is one of the largest inorganic raw materials used by volume. Its major chemical products are caustic soda and chlorine, which are separated by the electrolysis of a pure brine solution. Hence management of the Company has also decided to venture into the salt industry also due to which some of the region of the State of Gujarat has been selected for trading in the salt segment to the various chemical industries. The Company has received good response in the chemical segment, especially for salt.

Future Business activity:

The Company foresee prospects not only in the chemical industry but also venture into textile, marine, solar and infrastructure subject to statutory approvals.