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Everest Kanto Cylinder > Company History > Packaging > Company History of Everest Kanto Cylinder - BSE: 532684, NSE: EKC

Everest Kanto Cylinder

BSE: 532684  |  NSE: EKC  |  ISIN: INE184H01027  |  Packaging

Company History - Everest Kanto Cylinder
Everest Kanto Cylinder Limited was incorporated as Everest Kanto 
 Cylinder Private Limited on 24th June 1978 under the Act. The 
 company was promoted jointly by the families of Khuranas and 
 Thakkar, both the families having trading background in High 
 Pressure Seamless gas cylinders. Being conversant with the 
 market, they identified a gap in the small cylinders market segment 
 in the country, and jointly decided to put up a cylinder
 manufacturing 
 unit in the year 1978. Later on, Mr J. T. Thakkar and family withdrew
 
 from the business and transferred his interest to Mr P. K. Khurana in
 
 September 1983.
 
 Due to the aggregate turnover exceeding the prescribed limits, the 
 Company became a deemed public company as per the provisions 
 of the Act, namely section 43A of the Act in July 1, 1989. 
 Subsequently, due to the amendment effected to the said Section 
 43A of the Act, the Company reverted to being a private limited 
 company. On June 7, 2005, the company was converted into a 
 public limited company and received fresh Certificate of
 Incorporation 
 consequent to change of name to Everest Kanto Cylinder Limited.
 
 The first manufacturing facility suitable for manufacturing small
 sized 
 seamless cylinders of water capacity (1 to 21 litres) was set-up in 
 collaboration with Kanto Koatsu Yoki Manufacturing Company, a 
 Japanese cylinder manufacturer at Aurangabad in the year 1978. 
 Later, EKC expanded its manufacturing capacity with in house 
 technology by setting up a new facility at Tarapur in the year 1985 
 to manufacture large sized cylinders of higher water capacities (21 
 to 80 litres) which was later expanded to manufacture the widest 
 range of High Pressure Gas cylinders with water capacity up to 280
 litres and capable of withstanding extreme working pressure of upto 
 400 Bar. In order to tap the emerging potential for cylinders in 
 markets like Iran, Pakistan, Bangladesh etc, EKC set up a new state 
 of the art manufacturing facility at Dubai, which has gone into 
 commercial production during 2003-04. Dubai plant has been set 
 up in the Jebel Ali Free Trade Zone Area and functions as a Branch 
 office of EKC under the operating name of “EKC Industries”. In sum, 
 the company has state of the art manufacturing facilities at
 Aurangabad, 
 Tarapur and Dubai (UAE) and manufactures its cylinders from seamless
 
 tubes of international quality.
Source : Religare Technova

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