LACTOSE (INDIA) LIMITED was incorporated on 11th March, 1991 as a
Public Limited company in Vadodara District in the state of Gujarat.
The certificate of commencement of business was obtained on 5th
MAIN OBJECTS OF THE COMPANY :
The main objects of the Company are stated in the Memorandum of
Association of the Company and inter alia include the following :-
To carry on the business as manufacturers, manufacturers
representatives, producers, processors, refiners, consignors,
consignees, factors, agents exporters, importers and distributors of
all classes, kinds, types and nature of :
i. Foods whether finished, semi-finished, processed and unprocessed.
ii. Milk, cream, ice-cream, curd, butter, butter milk, paneer,
cheese, sweetmeats, chocolates and other dairy products.
iii. Pharmaceuticals, drugs, bulk drugs, medicines.
iv. Chemicals, chemical products, chemical compounds, derivatives
However, the immediate object of the Company is to set up a plant
to manufacture 465 tpa of Lactose.
The Company does not have any subsidiary.
The Company has been promoted by Mr. S.S. Toshniwal, Shri S.M.
Maheshwari and Shri Atul Maheshwari. Shri S.S. Toshniwal is
Chairman of TOSHNIWAL GROUP of companies comprising of TOSHNIWAL
AGROCHEM LTD.,TOSHNIWAL EXPORTS, BLACK BOX ELMARK PVT.LTD. UCIL
INVESTMENTS LTD.,TOSHIKA CHEMICAL PVT.LTD. and other companies.
i. TOSHNIWAL AGROCHEM LTD., a World Bank financed project, is a new
project, expected to start commercial production by November, 1991.
It will be manufacturing Dye intermediates and Agrochemicals.
ii. BLACK BOX ELMARK PVT.LTD. are manufacturers of well known BLACK
BOX - TDK Blank Video cassettes, Video Head Cleaning Cassettes and
audio cassettes having turnover of around Rs.65 lakhs for the period
iii. TOSHINIWAL EXPORTS is a well diversified Export House,
exporting Pharmaceuticals, Dyes, Chemicals & Electronic products with
turnover of around Rs. 168 lakhs for the year 1990-91.
Shri S.S. Toshniwal has been recipient of many awards for excellence
in Export performance from CAMEXIL, PLEXCONCIL, EEPC. S.S.Toshiniwal,
a commerce graduate was employed with J.K. group of companeies
(1961-70) and the Birla group till 1977. In 1977, he started his own
business of exporting glass products, engineering goods and
chemicals. He diversified into the manufacture of blank video
cassettes (brand name Black Box TDK) in 1988 and also established
Toshniwal Exports Limited (TEL), for the export of bulk drugs,
chemicals, dyes & dye intermediates and blank video cassettes.
The present turnover of TEL is about Rs 165 lacs. Shri Toshniwal is
also setting up Toshniwal Agrochem Limited for the manufacture of dye
and dye intermediates at Tarapur, Maharashtra at an estimated cost of
Rs 152 lacs. The Company is expected to commence commercial
production from December, 1991.
Atul Maheshwari, a commerce graduate from Bombay and an MBA from
U.S.A. has worked with Imperial Dyes & Chemicals (1985-87), Ramimex
International Limited (1987-89) in the marketing departments, and TEL
as Export Executive. He would be incharge of the day-to-day working
and the marketing operations of the Company.
S M Maheshwari, a post graduate in Pharmacy, has over 25 years
experience in the R&D departments of various pharmaceutical companies
and sis currently employed as General Manager, Quality Control in a
multi-national pharmaceutical company.
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