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20 Microns > Company History > Mining/Minerals > Company History of 20 Microns - BSE: 533022, NSE: 20MICRONS
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20 Microns
BSE: 533022|NSE: 20MICRONS|ISIN: INE144J01027|SECTOR: Mining/Minerals
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Company History - 20 Microns
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
 Company on 
 17th January, 1994.  The Company which was promoted by Mr. Bhanubhai
 B. Patel, 
 Mr. Anant K. Kamdar & Mr. Chandresh S. Parikh, was a Pioneer in the
 Mineral Industry 
 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
 Micron particle 
 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
 industries 
 we serve.  
 
 Mr. Chandresh S. Parikh, with his innovative insight, business acumen
 and farsightedness 
 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 
 year 2003).   
 
 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
 and focusing 
 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              
 Incorporated on 
 
 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
 20, 1988 
 4.            United Microns Private Limited                     
 January 25, 1988 
 5.            Fi-Minerals Private Limited                            
 September 06, 1996  
 
 Subsequently, realizing the importance and rationale of Amalgamation
 such as:  
 
 i) To achieve economies on large scale, Synergy of operations and
 optimization 
 of costs, 
 
 ii) To lead to a greater economy and efficiency by sharing rather
 than duplicating productions, 
 distributions, marketing, research, management services, and
 facilities. 
 
 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 &
 Vadodara.  
 
 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.
 
 
 Major Achievements         
 
 Year         Achievement                    
 
 1988       Ventured into Micronised Minerals for Paints 
 
 1989       Plastindia generated inroads into plastic market  
 
 1990       Investment in expanding the Micronising process and R&D
 facilities 
 
 1991       Expansion of production capacity to 17,000 TPA at Waghodia
 (Gujarat) 
 
 1992       Acquired Dolomite Mines (Lease) at Chotta Udaipur
 (Gujarat) 
 
 1992       Implementation of total quality management TQM. 
 
 1994       Production capacity increased by 17,000 TPA at WAGHODIA
 (Gujarat). 
 
 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
 capacity 
 
 1996      Acquired the mining lease of Dolomite in Chotta Udaipur in
 Gujarat 
 
 1997      Planned - China Clay project at Bhuj (Gujarat) - Green
 field Project 
 
 1997      Acquired Mining Lease for China Clay at Mamuara, Kutch 
 (Gujarat) 
 
 1998      Further acquired Mining Lease of Calcite in Sirohi District
 of Rajasthan 
 
 1998      Ordered first of its kind Cryogenic Super Conducting
 Magnetic Separator 
               for Kaolin project at Bhuj (Gujarat) 
 
 1998      Accepted Venture Fund participation for the growth of the
 Company 
 
 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
 Earthquake 
 
 2004      China Clay Production planned at Tirunelveli 
 
 2005      Acquired Land at Tirunelveli and implementation started at
 T’velli for 
              China Clay in South 
 
 2006      Plant Capacities at all locations achieved at + 85%
 
 2008
 
 -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.
 
 2009
 
 - 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.
 
 2013
 -Company has splits its Face value of Shares from Rs 10 to Rs 5
Source : Dion Global Solutions Limited
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