Time Technoplast
BSE: 532856 | NSE: TIMETECHNO | ISIN: INE508G01029 | Packaging
| Company History - Time Technoplast | |
Our Company was incorporated on December 20, 1989 in the name and
style
as Time Packaging Private Limited and in the year 1992 the name of
our
Company was changed to Time Packaging Limited. In view of diversified
polymer
products range and technological adoptions the name of our Company
was
further changed from Time Packaging Limited to Time Technoplast
Limited with
effect from May 01, 2006.
Our current Promoters are Mr. Anil Jain, Mr. Bharat Vageria, Mr.
Raghupathy
Thyagarajan, Mr. Naveen Jain, Time Securities Services Pvt. Ltd.,
Time Exports
Pvt. Ltd and Vishwalaxmi Trading and Finance Pvt. Ltd.
We are engaged in manufacture and sale of technology based polymer
products
catering to growth sectors of Indian economy i.e. Industrial and
Consumer
Packaging Solutions, Life Style Products, Auto Components, Health
Care Products
and Construction and Infrastructure related products.
Our Company started in the year 1991 and over a period of 15 years
our Company
has established production facilities at six different locations
across the country.
Having established business in the country, our Company is now in the
process of
venturing into overseas markets and to this end our Company is now in
the process
of setting up manufacturing facilities in the Middle East, Europe and
also entering
into joint venture with Mauser Group to acquire or set up related
business in other
Asian countries.
Major Events
Year Key Events
1992 Started as a Small Scale Industry with production facility at
Tarapur
(Maharashtra)
1993 Technological collaboration with the Mauser Group
1994 Built new production facility at Daman (U.T.) - started
manufacture of large
size polymer drums
1995 Established presence in South India through production
facility at Hosur
(Tamil Nadu)
1995 Awarded MIPI symbol of quality as international recognition of
product
quality and systems
1996 Established presence in North India through plant at Baddi
(Himachal
Pradesh)
1998 Launched Lifestyle Products - Synthetic Turf & Matting under
the brand
'Meadowz' and 'DuroTurf'
1999 Launched Lifestyle Product Garden Furniture under the brand
'Regal'
1999 Built additional production facility at Daman for packaging
product expansion
2000 Added new facility at Sahibabad for Garden Furniture & other
injection moulded
articles
2001 Set up additional plant for PET sheets at Daman
2001 Started production of plastic pails 'Conipails'
2002 Further increased capacity for large size plastic drums at
Daman
2003 Further expanded capacity for large size plastic drums at
Sahibabad for North
India
2004 Established joint venture company with Mauser for manufacture
of Intermediate
Bulk Containers (IBCs)
2005 Developed & launched Anti Spray Systems (3S)
2005 Set up a 100% subsidiary in UAE, Sharjah
2006 Set up production facility and launched Lifestyle products
'DuroSoft'
2006 Started additional manufacturing facility for production of
large size plastic drums
at Mahad
2006 Developed & launched 'Genex' medical devices (Auto Disable
Syringes, Blood
Sampler & Face Masks)
2006 Set up a 100% Subsidiary at Poland
2006 Amalgamation of OMPL and SPPL with our Company.
2006 Acquisition of 75% stake in TPL.
2006 Entered into an MoU with TSSPL for acquisition of 49% stake in
MHA (joint venture
with Mauser Group) at Singapore
2006 Initiated setting up of Steel Drum project in Maharashtra under
Time Mauser
Industries Pvt. Ltd.
2007 Certificate of Compliance for successfully implementation of
Quality Management
System in conformance to the requirements of WHO-GMP for
our auto-disable syringe
& blood sampler factory manufacturing facility at Baddi
-The initial public offering of Time Technoplast, which makes and
sells polymer products, has been oversubscribed 49.55 times, having
got 19.43 crore bids for the 39.21 lakh shares on the last day of the
share-sale. |
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| Source : Religare Technova | |
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