1985 - The company was incorporated on 5th February 1985 at New
It was promoted jointly by Hyderabad Industries Limited and
BPB Industries plc., U.K. The main object of the company is
manufacture Gypsum boards.
- BPB India Ltd., a wholly owned subsidiary of BPB Industries
and HIL were to participate to the extent of 40% each in the
equity capital of the Company.
- The company undertook to set up the project in Haryana for
manufacture of Gypsum boards, a fire resistant building
processing good heat insulation and accoustic properties.
- The company entered into a technical collaboration agreement
BPB Industries Plc. in UK. for transfer of technical
training of Indian technicians both at home and abroad and
technical marketing assistance.
1986 - 70 shares subscribed for by the signatories to the Memorandum
Association, 44,99,930 shares were then issued at par out of
which 18,00,000 shares to Hyderabad Industries Ltd. and
shares to BPB India Ltd. were reserved and allotted. Out of
remaining 8,99,930 shares, 1,80,000 shares were reserved for
preferential allotment to employees and business associates
only 24,330 shares taken. The balance 7,19,930 shares along
with 1,55,670 shares not taken up by employees/business
associates were offered for public subscription during
1988 (all were taken up).
1989 - During Jan. & Mar. 1989, 45,00,000 rights shares issued at par
Prop. 1:1 (only 40,54,973 shares taken up. Remaining
shares devolved on underwriters). Simultaneously another
2,25,000 shares issued at par to employees. None were taken
and it was allowed to lapse.
1992 - The Company issued 60,00,000 No. of equity shares of Rs 10
at par on rights basis in the proportion 2:3. All but, 3,000
shares which were kept in abeyance, were allotted.
- Another 3,00,000 shares of Rs 10 each were offered to the
employees. Only 9,200 shares were taken up. The remaining
2,90,800 shares were allowed to lapse.
1995 - Company's product Gypboard has been strongly established in
market. Company's new products such as fire resistant boards
laminated ceiling tiles have made in roads into industrial
1996 - The Company is setting up projects for manufacture of Gypsum
board on the outskirts of Chennai and Mumbai.
1997 - The Company was in the process of setting up a Plant to
manufacture Gupsum Board with an initial capacity of over 5
million Sq. M. per annum near Chennai, Tamilnadu.
1998 - Key personnel from Siemens Public Communication Networks Ltd,
Tata Lucent Technologies Ltd. and India Gypsum Ltd. have
Clients of the Year, 1998 award from the Leadership
1999 - The Haryana-based India Gypsum Ltd. (IGL), a joint venture
between CK Birla Group and UK-based BPB Gypsum Plc, has
to launch `Gyphome Centres' in major cities in the country to
coincide with the company's foray into the housing sector.
- IGL's first plant was set up at Jind, 150 km from Delhi, in
1988 to produce 7 million sq m of gypsum board annually.
- India Gypsum is the country's largest gypsum producer with an
installed capacity of 70,000 mt of gypsum boards, and 6,700
of gypsum-based accessories at Haryana. While BPB Gypsum plc
world's largest gypsum producers.
2000 - The Company has entered into a tripartite agreement with
CDSL and MCS Ltd.
2002-India Gypsum Ltd has informed that Mr. S. Parthasarathy,
President and Whole-time Director of the company, sought an early
retirement . A three member Management Committee has been appointed
under the Chairmanship of Mr Mike Jones, with immediate effect, to
supervise the overall management till such time, a new incumbent is
able to take his place.
- T S R K Lohit resigns from the Board of India Gypsum.
2003 - Approved capital expenditure of Rs.367.43 million to build a
gypsum plasters facility near Mumbai to be funded out of internal
generations and existing credit facilities
-Mr. K H Gangwal ceased to be a Director on the Board of the company
due to his demise as on December 11, 2003.