The company was incorporated as Witwayfort India Private Limited on
30th May 1986. The company was initially promoted by Mr.Debasis
Mukherjee and Mrs.Parna Mukherjee. The land at Noida was acquired in
1987 on a 99 year lease. However there was no commercial activity in
the company till 1988.
The company was subsequently taken over by Mr.I.P.S. Walia and Mr.
Ashok Ahluwalia in March, 1989. The trading of PVC Films was started
in 1988 and continued till March 1990. The Order for imported old high
Vacuum Metallizing Plant of TORVAC make was placed in 1989 and was
received in February 1990. The production of Metallized Plastic film
was started in March 1990 and total Sales Tax exemption was obtained
for six years.
The shareholders of the company passed a special resolution on 30th
April 1994 deleting the word private and also removing the
restriction placed under section 3(i) (iii) (a), (b), (c) of the
Companies Act 1956 and obtained fresh Certificate of Incorporation
dated 16th June 1994 from the Registrar of the Companies, NCT of
Delhi and Haryana at New Delhi converting the Company into a Public
At Noida, the company has facilities for manufacturing of Metaltized
Plastic film of 1200 MT P.A. and is regularly manufacturing
Metaltized Polyester Film, Metallized BOPP films etc. of various
sizes and thickness.
The company is diversifying its activity by starting manufacturing of
Multilayered Co-extruded Plastic Film For this purpose, the company
has acquired a Unit at Bhiwadi from RIICO Rajasthan on 17.12.1993.
After making necessary changes, modification, the trial run were
conducted in March 1994 and commercial production has been started in