The Company was incorporated and registered under the Companies Act,
1956 as a
Private Limited Company vide Certificate of Incorporation No. 9768 of
1987 on 29th
June, 1987 at Ahmedabad & subsequently, it became a Public Limited
17th January, 1994. The Company which was promoted by Mr. Bhanubhai
Mr. Anant K. Kamdar & Mr. Chandresh S. Parikh, was a Pioneer in the
and has established itself as one of the top five Mineral
manufacturers in India.
Since the concept of micronization was totally new and
revolutionizing in the Indian
market and the introductory product from the Company was of a 20
size, the name sounded quite unique and substantially relevant to the
Industry. This is
how the Company was named and is now a major brand recognized in the
Mr. Chandresh S. Parikh, with his innovative insight, business acumen
and with the active support of Mr. Bhanubhai B. Patel and Mr. B. B.
Parikh, ventured to
start this Mineral Processing Company. He was supported by Mr.
Bhanubhai B. Patel who
has wide experience in Paints industry, Mr. Anant K. Kamdar and Mr.
B. B. Parikh who was
a marketing Director (Mr. B.B. Parikh disassociated himself from the
Company during the
The Company commenced its Commercial Operations on 04.10.1988 by
setting an industrial
unit at WAGHODIA, Gujarat with an annual Capacity of 2,400 MT.
With a view to meeting with increasing demand of Micronized Minerals
attention for carrying on the same business, separate legal entities
as named below were
incorporated by separate group of Promoters in complete co-ordination
and leadership of
Mr. Chandresh S. Parikh.
Sr. No. Name of the Company
1. Hi-tech Minerals Private Limited
February 12, 1990
2. Fi-Microns & Minerals Private limited
March 09, 1992
3. Aric Industrial Products Private Limited June
4. United Microns Private Limited
January 25, 1988
5. Fi-Minerals Private Limited
September 06, 1996
Subsequently, realizing the importance and rationale of Amalgamation
i) To achieve economies on large scale, Synergy of operations and
ii) To lead to a greater economy and efficiency by sharing rather
than duplicating productions,
distributions, marketing, research, management services, and
iii) To combine resources of all the companies would be better
utilized for the purpose of
future growth and development.
All the above companies were amalgamated with 20ML, upon completion
of all legal formalities,
including obtaining High Courts’ Orders of the respective States in
that behalf. The entire process
of amalgamation was completed during 1998 and 2002.
This has helped the Company to become a Flagship Company and a
conglomerate. 20 ML also
became a multi-locational Company with an annual capacity of 90,400
metric tonnes and paid-up
share capital of Rs. 1244 Lacs. The manufacturing operations are
carried on at Waghodia, Vadadla
& Bhuj in Gujarat; Alwar, Swaroopgunj & Udaipur in Rajasthan and
Hosur & Tirunelveli in Tamilnadu.
The manufacturing activities at Bhuj are being carried on by Wet
Process and to facilitate operations
of the said unit, imported Cryogenic Magnetic Separator was installed
thereat. This has brought
about maximization of yield and better returns. The Company had also
obtained mining leases at
Chhotaudaipur & Mamuara in Gujarat for Dolomite and China Clay,
respectively; Moras in Rajasthan
for Calcite and Tirunelveli in Tamilnadu for Lime Stone. The Company
has a wide spread Marketing
set-up with the Offices at Kolkata, Mumbai, Delhi, Hyderabad &
The Products of the Company have been widely accepted in different
industries like Paints, Paper,
Plastics, Cement, Rubber, Ceramics, etc. The sales turnover for FY 07
increased to Rs. 8,741 Lacs
from Rs 6749 Lacs in FY 06. This increase was mainly due to
effective marketing of value added
products & increase in consumption by Plastics, Extrusions,
Petrochemicals & paper industries
across the Country. This growing industry has helped the mineral
industry to grow at the same rate.
The focus on higher capacity utilization at all manufacturing
locations and identification of high-value
products has also added to higher turnover.
The Company has well equipped Research and Development Center (R&D
Center) located at village
Vadadla, Dist-Vadodara, Gujarat is a well equipped unit possessing
all adequate facilities to carryout
well diversified R&D work pertaining to the minerals and their
application in different fields. The
center's activities are always aimed at achieving the Company's
objective to be globally competitive
by way of product innovation, up-gradation of technology and
continuous improvement in quality of
the finished goods. The Company has a customer oriented approach and
the R & D Centre lines up
its activities to cater to their needs. The R & D Centre is working
on its own without the support of any
outside agency and has developed various mineral based Value Added
Products & Speciality Chemicals.
During the year ended 31.03.2008, the Company’s turnover amounted to
Rs. 11,469 Lacs, including
Exports turnover of Rs. 1,162 Lacs & net profit of Rs. 459 Lacs.
Despite adverse effects due to
devastating Earthquake in Bhuj in the year 2001 and it’s after
shocks, the Company came out
successfully from those ill-effects and made a remarkable turnaround.
1988 Ventured into Micronised Minerals for Paints
1989 Plastindia generated inroads into plastic market
1990 Investment in expanding the Micronising process and R&D
1991 Expansion of production capacity to 17,000 TPA at Waghodia
1992 Acquired Dolomite Mines (Lease) at Chotta Udaipur
1992 Implementation of total quality management TQM.
1994 Production capacity increased by 17,000 TPA at WAGHODIA
1994 Acquired the mining lease of China Clay in Kutch district
1994 R&D division becomes a separate entity itself
1995 New Unit installed at Vadadla (Gujarat) with 18,000 TPA
1996 Acquired the mining lease of Dolomite in Chotta Udaipur in
1997 Planned - China Clay project at Bhuj (Gujarat) - Green
1997 Acquired Mining Lease for China Clay at Mamuara, Kutch
1998 Further acquired Mining Lease of Calcite in Sirohi District
1998 Ordered first of its kind Cryogenic Super Conducting
for Kaolin project at Bhuj (Gujarat)
1998 Accepted Venture Fund participation for the growth of the
1999 Introduced Value Added products for Pigments replacement
2001 Installed Plant Of 6000 TPA Capacity At Alwar (Rajasthan)
1997 2001 Bhuj Plant of China Clay affected by Natural Calamity
2004 China Clay Production planned at Tirunelveli
2005 Acquired Land at Tirunelveli and implementation started at
China Clay in South
2006 Plant Capacities at all locations achieved at + 85%
-20 Microns Ltd (TML), has fixed price band of its initial public
offer (IPO) at between Rs 50-55 per equity share.
- 20 Microns Ltd has appointed Mr. Atil C Parikh as an Additional
Director on the Board of the Company.
- 20 Microns Ltd has appointed :
1. Mihir Joshi as the GVEL Nominee Director
2. Mr. Atul Patel as an Additional - Independent Director, on the
Board of the Company.
-Company has splits its Face value of Shares from Rs 10 to Rs 5