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Manugraph Industries > Company History > Engineering > Company History of Manugraph Industries - BSE: 505324, NSE: MANUGRAPH
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Manugraph Industries
BSE: 505324|NSE: MANUGRAPH|ISIN: INE867A01022|SECTOR: Engineering
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Company History - Manugraph Industries
The company was incorporated on 25th April, 1972 in Maharashtra.
 
 The company was promoted by M/s Manubhai Sons & Company.  It
 manufactures high speed printing machines and allied equipment.
 
 In 1982-83, turnover of the company registered further improvement
 over the previous year, inspite of the world-wide recessionary
 conditions.  The company took up production of demy and double demy
 sizes of automatic sheet fed offset machines and entered into foreign
 collaboration for the manufacture of high speed commercial web  offset
 machines.
 
 In 1983-84, sales declined due to continued demand recession mainly
 on account of curtailment in the purchases of printing machinery by
 government and liberal import of second-hand printing machinery.
 
 The company started commercial production of sheet fed offset
 machines in medium size.  In 1984-85, production of high speed
 commercial web offset machines Lirken-66-111 was started. In 1985-86,
 the company developed during the year sheet-fed offset machines
 Lirkon
 
 During 1989-90, the company registered  satisfactory profits . During
 1990-91, the company's profit improved by 21.63% as compared to the 
 previous year.
 
 VEB Polygraph Leipzing GDR is a technical collaborator of the company
 with Kovo of Czechoslovakia.
 
 During 1989-90, the company entered into a technical collaboration
 agreement with M/s Soina offset AB, Sweden for the production of
 streamline series in India.  The company is hopeful of rolling out
 its first machine by March/April 1992. The company proposes to change
 its name from the present to MANUGRAPH INDUSTRIES LIMITED.
 
 The company  finalised a collaboration agreement with Plamag, GDR,
 for the manufacture of coroset machines.  However, till the receipt
 of necessary approval from the Government for this collaboration, it
 was proposed to take up the manufacture of the same by utilising
 optimally the existing facilities.
  
 Due to liberalisation, the company faces severe competition from
 cheaper imported second hand machineries.
 
 2005
 -Company has splits its Face value of Shares from Rs 10 to Rs 2
 
 2010
 
 - Manugraph India Ltd has inducted Mr. Arun Kumar Puri as an
 additional Director of the Company in the Board Meeting of the
 Company held on August 11, 2010. Further he has been appointed as
 Whole-time Director (Works) with effect from  September 11, 2010
 subject to the approval of the members in the Annual General Meeting
 to be held on September 27, 2010.
Source : Dion Global Solutions Limited
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