The company was incorporated on 8th March 1933 as The Phaltan Sugar
Works Limited with objective of operations in sugar industry. The
Phaltan Sugar Works Limited then diversified in textiles, chemicals,
food and food processing industry. In 1981-82 the sugar factory was
sold off to the local management and the name of the company was
changed to Apte Amalgamations Ltd. on 16th June 1982. The Company
then took up various projects like chemical unit for manufacturing
Sulphamethoxazole. The Company acquired Swastik Textile Mills in the
year 1981,a process house which continued operations till the year
1986 - 87, when the operations of the mills were closed. The Company
then closed down its other plants and wound up all other activities
as they became operationally unviable. The company thereafter has
been selling the Swastik Mill land in piecemeal to different
individuals over a period of time for further development. The
company is presently in a small way in trading of securities, and
exploring the economic and financial viability of carrying out some
development activity on the land owned by the company.
Vision of the Company
It is a vision of Apte to create a brand image for Apte that evokes a
sense of awe, blind faith and inspiration and to achieve for itself
the position in the industry.
Creating and multiplying wealth of the company with continuous
expansion for a better future of all stakeholders.
To achieve aggressive and profitable growth of our businesses and
initiated new businesses.
To have a PAN India presence.