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Tips Industries

BSE: 532375|NSE: TIPSINDLTD|ISIN: INE716B01011|SECTOR: Media & Entertainment
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Company History - Tips Industries
YEAR                                                                  
         EVENTS
 1988 - The Company was established as a Partnership Firm on 7th
 March, in the name
              of Tips Cassettes & Record Co.; and was converted into a
 Private Limited Company
              on 8th May, 1996 and further it became a Deemed Public
 Limited Company w.e.f. 1st
               July, 1999.  The principal promoters of the company are
 the Taurani family.   
 
            - The Main Object of the Company is to carry on the
 business as manufactureres, sellers,
              distributors, dealers, buyers, importes, exporters of
 audio and video cassettes, records,
              compact discs, laser discs etc.
 
 1990 - The Company set up its first manufacturing facility at
 Palghar, Mayharashtra.
 
 1992 - M/s. R.K. Electronics was dissolved and merged with the
 partnership firm
              M/s. Tips Cassettes and Records Company.
 
 1996 - The Company was converted into a joint stock company under
 Chapter IX of
               the Companies Act, 1956 on 8th May and rechristened as
 Tips Industries Private
               Limited.
 
 1997 - Tips commissioned the second manufacturing facility for blank
 and pre recorded
              audio cassettes at Silvassa.
 
 1999 - The Company acquired the audio rights held by Video Master,
 Time Magnetics
              (India) Limited and Weston Components Limited.
 
 2000 - The Company acquired audio rights held by Mr. Jawaharlal
 Chopra.
 
            - Tips Industries Ltd. the leading music company is
 entering the capital 
               market in first week of September with an initial
 public offer of 30,00,000 
               No. of equity shares of face value Rs. 10/- each.
 
            - Tips Industires, has entered the south Indian film music
 market.
 
            - The Company has signed a three-year exclusive licensing
 deal with the global music
               conglomerate, Warner Electra Atlantic International
 Inc, US.
 2002
 
 -Shiv Abhichandani resigns from Directorship of Tips Ind.
 
 2004
 
 -Tips Industries Limited has informed that they have shifted the
 Registered office to new premises. The details of the same are as
 follows:- Old Address: Plot No. A-18, Opp. Laxmi Indl. Estate, Off.
 Link Road, Andheri (W), Mumbai. 400 053. New Address; 601, Durga
 Chambers, 6th Floor, Opp. BPL Gallery, 278/E, Linking Road, Khar (W),
 Mumbai. 400 052.
 
 2005
 
 -Tips Industries & Mukta Arts re-associate to create history.
 
 2006
 
 -Email address for investor:response@tips.in.
 
 2008
 
 -Board recommends dividend of 20%.
 
 2009
 
 -Tips has recommended a dividend @ 11% i.e. Rs 1.10/- per share.
 
 2010
 
 -Board recommends dividend of 12.5% i.e. Rs 1.25/- per share.
 
 2011
 
 -Board recommends dividend of 12.5% i.e. Rs. 1.25 per Share.
 
 2012
 
 -Tips Industries has proposed a dividend of 20% i.e. Rs. 2/- Per
 Share.
 
 2013
 
 -Company has recommended dividend @ 21% i.e. Rs. 2.10 /- (Two rupees
 and Ten paise) per share.
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