Mold-Tek unlocks value by de-merger of its KPO biz

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Mold-Tek unlocks value by de-merger of its KPO biz

Mold-Tek Technologies Limited,received approval from the BSE for its proposed scheme of merger of M/s. Teck Men Tools Pvt. Ltd., into the company and de-merge the company’s plastic division into a separate listed company to be named as “Mold-Tek Plastics Ltd”.

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Mold-Tek Technologies Limited, a leading structural engineering KPO services and plastic packaging services company, received approval from the Bombay Stock Exchange for its proposed scheme of merger of M/s. Teck Men Tools Pvt. Ltd ., into the company and de-merge   the company's plastic division into a separate listed company to be named as " Mold-Tek Plastics Ltd".

Following the de-merger, the KPO Company (Mold-Tek Technologies Ltd) will have equity of around Rs. 3.6 crore and equity of the Plastic Company (Mold-Tek Plastics Ltd) will be Rs.7.99 crore. The current KPO manpower of 270 is expected to reach 1000 within next 2-3 years. The company has filed the de-merger scheme to the Honorable High Court of Andhra Pradesh for its clearance.

Mr J. Lakshmana Rao, the Chairman and Managing Director, Mold-Tek said" The scheme has been envisaged in view that both the businesses of company are quite different from each other and attract different valuations. This is expected to unlock value of the KPO Company and facilitate raising funds at higher valuation for its future acquisition plans"

Mold-Tek in due course of time will be divided into "a KPO company (Mold-Tek Technologies Ltd)" specializing in structural engineering design and detailing services to its American and other clients and into a "plastic packaging product company" to be named as "Mold-Tek Plastics Ltd"

To further enhance the value addition Mold-Tek is planning to enter into designing of high-rise buildings.   Mold-Tek has already executed a couple of design assignments for a Canadian client.  The hourly rates in high rise building designing are much higher.  Mold-Tek is also in the process of offering structural engineering services to European clients.  This initiative will further enhance the growth prospects of our KPO Company (Mold-Tek Technologies Ltd.). 

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