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BASF India

BSE: 500042|NSE: BASF|ISIN: INE373A01013|SECTOR: Chemicals
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Company History - BASF India
1943 
 
 - The Company was incorporated in May under the name of R.A. Cole
 Ltd.
 The Company Manufacture expandable and expanded polystyrene and
 synthetic tanning agents.  The products manufacture are styropor
 (expandable polystyrene) thermocole (expanded polystyrene) and
 Basyntan
 (Synthetic tanning agent).
 
 - 70 No. of Equity shares of Rs 100 each were allotted to Mr. R.A
 Cole
 in 1943 pursuant to an agreement when he sold the business to the
 Company.  Equity shares of Rs 100 each were subdivided into shares
 of
 Rs 10 each on 26th December, 1967.  The Capital of the Company stood
 at
 Rs 22,50,000 divided into 2,25,000 No. of Equity shares of Rs 10
 each
 including 1,00,000 bonus shares issued in February 1967.
 
 1963
 
 - The name of Company was changed to Indoplast Ltd. 
 
 1967 
 
 - The name of Company was changed from Indoplast Ltd. to BASF India
 Ltd.  The Company has technical collaboration with Badische Anilin &
 Soda-Fabric AG (BASF), West Germany.
 
 - The Company has entered into an agreement with the National
 Research
 Development Corporation of India (NRDC) who agreed to provide the
 know-how developed by the Central Leather Research Institute for
 certain synthetic tanning agents.
 
 1968
 
 - In Jan. 17,500 Pref. and 3,00,000 No. of Equity shares issued at
 par:
 (i) 8,750 Pref. and 1,62,000 No. of Equity share to Foreign
 Collaborators; (ii) 10,000 No. of Equity shares to Company's
 employees;
 (iii) 8,750 Pref. and 1,10,500 No. of Equity shares to the public.
 
 1976
 
 - 1,75,000 Bonus Equity shares issued in prop. 1:3.
 
 1979 
 
 - 7,00,000 Bonus Equity shares issued in prop. 1:1.
 
 1980 
 
 - A new agrochemicals plant was set up at the Company's factory on
 the
 Thane-Belapur road to manufacture 200 TPA of, `Basatin', 135 TPA of
 `Bavistin' and SOTPA of `Calixin'.
 
 - Other ongoing projects include installation of a spray dryer at
 Bokaro, a new dryer at Bokaro, a new dryer for synthetic tanning
 agents
 at Thane and development of raw materials required for pesticides
 production leading to backward integration.
 
 1982 
 
 - Issued 7,20,000 Rights Equity shares issued to BASF Ag., 7,00,000
 shares to Indian shareholders in the prop. 1:1. and 20,000 shares to
 the employees.
 
 1988 
 
 - 14,20,000 bonus equity shares were issued in proportion 1:2.
 
 1989 
 
 - A new fungicide, calixin, found its application in tea plantations
 to
 control the wide spread blister blight disease.
 
 - 9.5% Pref. shares redeemed on 1st February, 1990.
 
 1990 
 
 - A new product `Ankush' was introduced during the year.
 
 - 21,30,000 bonus equity shares issued in prop. 1:2 in Jan. 1991.
 
 1991
 
 - The Company issued by private placement 3,00,000 - 14%
 non-convertible debentures of Rs 100 each.  These debentures are
 redeemable at 5% premium on 10th April, 1988.
 
 1992
 
 - The plastics and fibre intermediates and leather chemicals
 business
 as well as agrochemicals and colours and dispersion business
 rendered
 significant increase in sales and profits.
 
 - 31,95,000 bonus share issued in prop. 1:2.
 
 1993 
 
 - The Company issued by private placement 1,50,000 - 15%
 non-convertible debentures of Rs 100 each.  These debentures are
 redeemable at a premium of 5% on 13th March.
 
 1994 
 
 - 19,17,000 rights equity shares were issued in the ratio of 1:5.
 
 1995 
 
 - 2168 shares kept in abeyance issue.
 
 1996 
 
 - A capital expenditure of Rs 140 million was incurred at Thane
 towards
 plant modernization, expansion and augmentation of infrastructure
 facilities.  A range of eco-friendly Helizarin pigment products were
 introduced.
 
 - The Company made a rights issue of 46,00,800 No. of equity shares
 at
 a premium of Rs 115 per share in the ratio of 2:5.  Of which 250
 shares
 whose ownership was a matter of dispute was kept in abeyance based
 on
 court orders.
 
 1997 
 
 - The performance of the plastics business was adversely affected
 due
 to cheap imports and depressed market conditions.
 
 - This aggregated to Rs.57.51 crore in the ratio of two equity
 shares
 for every five held in the company.
 
 - In 1994, BASF was given permission to set up a 100 per cent
 subsidiary in India.  The company is a 50% subsidiary of BASF,
 Germany.
 
 - In October, the company closed its Bokaro facilities manufacturing
 tanning agents and leather chemicals.  A voluntary retirement scheme
 also helped in the cost reduction.
 
 1998 
 
 - BASF has set up two plants at Mangalore to manufacture leather
 chemicals and auxiliaries, specialised metal complex dyes, acrylic
 polymers, oil and well chemicals.  These units have added a capacity
 of
 9900 mt to the 18,800 mt capacity of the company's Thane and Bokaro
 units.
 
 1999 
 
 - The company has five divisions -- leather chemicals, colours
 dispersions, chemicals, plastics and crop protection chemicals.
 
 - BASF has reached a basic agreement to acquire the global coil
 coatings business of Norsk Hydro ASA, Norway (comprising the Hydro
 Coatings Group UK), subject to approvals by the regulatory
 authorities.
 
 - The company has entered into a tripartite agreement with CDSL and
 its
 R&T agents, Tata Consultancy Services on November 16 to facilitate
 investors to avail the services of both the depositories, i.e., NSDL
 and CDSL
 
 2000
 
 - The Company's Mangalore unit has been awarded the ISO 9002 (1994)
 for
 manufacture and supply of dyes and dispersions in August.
 
 - BASF Aktiengesellschaft, Ludwingshafen, Germany, parent company of
 BASF India Ltd and the Chatterjee Group, New York, have formed a
 strategic alliance to manufacture and sell polystyrene in India.
 
 - BASF India's parent company -- BASF AG -- has divested its textile
 dyes operations to Dystar Gmbh with effect from October 1, 2000.
 
 2002
 
 - BASF India Ltd has informed that it has appointed Mr.
 S.Kuamarasamy,
 Chief Executive, Crop Protection as an Alternate Director to Dr.
 W.Praetorius with effect from January 18, 2002.
 
 2003
 
 -United Phosphorus Ltd enters into an agreement with M/s BASF whereby
 the business of Aciflorfen compound will be acquired by United
 Phosphorus
 
 2004
 
 -BASF India Ltd. approves the acquisition of Fipronil activities and
 assets from Bayer India Ltd.
 
 --Registered Office of the Company has been shifted from Mahindra
 Towers, 1st Floor, 'A' Wing, Dr. G. M. Bhosale Marg, Worli, Mumbai
 400018 to 1st Floor, Vibgyor Towers, Plot No.C-62, 'G' Block, Bandra
 Kurla Complex, Bandra (East), Mumbai 400051.
 
 --Registered Office of the Company has been shifted from Mahindra
 Towers, 1st Floor, 'A' Wing, Dr. G. M. Bhosale Marg, Worli, Mumbai
 400018 to 1st Floor, Vibgyor Towers, Plot No.C-62, 'G' Block, Bandra
 Kurla Complex, Bandra (East), Mumbai 400051, 
 
 2010
 
 -  Mr. Pradeep Chandan is appointed as a Company Secretary and
 Compliance Officer of the Company with effect from April 02, 2010.
 
 2011
 
 -BASF legal entities in India - BASF Coatings (India) Private
 Limited, BASF Construction Chemicals (India) Private Limited and BASF
 Polyurethanes India Limited 
 
 
 -BASFs Mangalore Site wins two Awards from Government of Karnataka 
 
 -BASF launches major Water Education project in Mangalore 
 
 -BASF wins Social Business Company Award at CSR Thought Leadership
 Conclave 
 
 2012
 
 -BASFs Mangalore site wins Safe Industry Award from Government of
 Karnataka 
 
 -BASF launches Disability Resource Centre in Cuddalore Tamil Nadu 
 
 2013
 
 - Board recommended a dividend of Rs. 4/- per equity share of Rs.
 10/- each (i.e. 40%).
 
 -BASF launches new brand for the construction industry
 
 2014
 
 - BASF India Lt - Inauguration or Commencement of commercial
 production at Companys new site at Dahej, Gujarat
 
 - BASF India starts production at new Dahej unit
 
 - BASF opens Global Research and Development center in Mumbai India
 
 2015
 -BASF India Ltd Registered Office of the Company has been shifted
 from 1st Floor, VIBGYOR Towers, Plot No.C-62, G Block, Bandra Kurla
 Complex, Mumbai - 400051 to 3rd Floor, VIBGYOR Towers, Plot No.C-62,
 G Block, Bandra Kurla Complex, Mumbai - 400098 with effect from
 March 01, 2015.
 -BASF India Ltd inaugurated the new Agricultural Research Station in
 Pune 
 -Setting up of new Global Business Unit for all pigments businesses
 -BASF is strengthening its global production network for pigments
 with two new investments
 -BASF presents its new Inspirations for Leather
 -World's first top mount with polyurethane bearing and polyamide
 housing
 
 2016
 -  The Company has been shifted from 3rd Floor, VIBGYOR Towers, Plot
 No.C-62, G Block, Bandra Kurla Complex, Mumbai 400098 to Plot No.
 37, Chandlvali Farm Road, Chandivali, Andheri (East), Mumbai - 400
 072, with effect from April 01, 2016.
 -BASF inaugurates new plant in West Bengal
 
 2017
 -BASF India Ltd. enters India Crop protection market for Rice.
 
 
 
 
 
Source : Dion Global Solutions Limited
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