Company History - Axtel Industries
Back Ground:- Advanced Extrufoil Technology and Exports Ltd (AXTEL),
a Baroda based company is incorporated on 24th June 1975. On 8th
December, 1992, AXTEL entered into the capital market with a public
issue of Rs.61.25 lach equity shares. The company started its
commercial production in the first quarter of 1993.
Project:- AXTEL is in the field of providing plants and know-how on
turnkey basis for Food and Feed processing Industries for
manufacturing electro deposited copper foils for Printed Circuit
Boards. They also supplying material handling and process equipment
for the Chemical, Food and Sugar Industries.
Equity Participation:- 42% of the equity is holding by NRIs. 41% by
Indian Public and remaining 17% by the Promoters and Employees.
Group Companies:- Promoters already having two existing companies -
Advanced Foil Exports and Age Technologies (P) Ltd.
Technical Collaboration:- AXTEL has a technical collaboration with
Advanced Foil Technologies, USA. However, company has not yet set up
any plant based on their technology and no steps have taken towards
Competitors:- In the field of Electro Foils, Gould Inc, USA, Yates
and Mitsui (Japan) are the 3 major world competitors for the AXTEL.
Earlier as a technology supplier, Advanced Foil supplied its
technologies to 2
other Indian companies. They are Pratap Rajasthan Copper Foils &
Laminates Ltd, Rajasthan (presently a BIFR refered company) and
Indian Galvanics Cyriam Foils Ltd, Gandhinagar in Gujrath (nearing
Export Strategy:- Earlier, AXTEL was planned to export 76% of its
production because the product has a large demand in the
International Market. But AXTEL failed to get regular export orders
and presently it has no major export orders in hand.
Raw-Material:- The major raw materials for its products are mild
steel, stainless steel, sheets, bars, cirles and box angles of
various sizes. Major suppliers are TISCO and IISCO.
-E-mail ID for Investors Complaints : email@example.com
-Axtel participated in International FoodTec India 2014 at Bombay
-Axtel Participated in International FoodTec India