Company History - Bright Brothers
1946 - The Company was incorporated as a Private Limited Company on
July. It was promoted by Mr. T.W. Bhojwani. The Company was
converted into full fledged Public Limited Company on 27th
June, 1994. The Company was manufacturing Umbrella, Ladies
Cigarette Cases, Table lamps, Wash Basins fabricated out of
`Perspex' (acrylic) Sheets.
- The Company acquired several rights for products/processes
abroad including the `Engle process', `Kaberit process' and a
proprietary range of plastic spheres known as the Allplas
- In the seventies, the Company diversified into manufacture of
hi-teck precision industrial products for supply to OEM
such as Phillips, Bush India, Voltas etc.
- In the eighties certain OEMs required manufacturing
to be located next to their own factories for implementing
in time techniques and this led to promoters of Brite
and Plastics Ltd. at Pithampur in Madhya Pradesh to cater
primarily to the requirements of Kinetic Honda Motors
1948 - The company installed its first injection moulding machine
started manufacturing household items like Combs, Bangles,
etc. which were sold under the trade name BRITE. This Trade
name is owned by the company and is registered in the name of
Company since 1946.
1989 - Its manufacturing operation were set up at Tarapur,
with an installed capacity of 850 TPA by installing 3
moulding machines. Presently the company has an installed
capacity of 3,000 tpa and facilities at Bhandup and Tarapur.
1994 - The Company undertook to set up a project for setting up
facilities for manufacture of injection moulded components.
- The Company also undertook a diversification project for
manufacture of office seating system at Tarapur.
- Another facility was to be set up at Gurgaon, Haryana for
manufacture of injection moulded plastic components with an
installed capacity of 3000 tpa. to cater to the requirements
Maruti Udyog Ltd., Onida, Super India Ltd. etc. As per the
agreement entered into with Maruti for 5 year, the company was
supply bumpers, instrument panels, garnisher and radiator
1996 - 98,000 No. of equity shares of Rs 100 each allotted (of these
shares issued for reason other than cash; 12,100 shares
for cash; 5000 bonus shares in prop. 2:5; 7,000 rights equity
shares in prop. 4:10; 24,500 shares as bonus in prop. 1:1;
bonus shares in prop. 1:1). In July 1994 90,000 No. of
shares of Rs 100 each subdivided into 9,80,000 No. of equity
shares of Rs 10 each. During July 1994, 6,60,000 shares
to promoters on preferential basis; 1,64,000 shares and
shares issued as bonus shares). During Dec. 1994, the
issued 12,90,000 No. of equity shares of Rs 10 each for cash
prem. of Rs 55 per share through a prospectus of which
shares reserved and allotted to promoters, directors etc.
- Another 15,000 shares reserved and allotted to UTI. Of the
balance 50,000 shares issued to employees on preferential
(42,700 share taken up). Balance 10,00,000 shares issued to
public along 7,300 shares not taken up by employees 100
were allotted as rounding off.
2001- Injection moulding plastic company Bright Brothers Ltd has
acquired the plastic component
manufacturing facility of Whirlpool at Faridabad, Haryana
- The Board of Directors of the Company has allotted 5,00,000 Equity
Shares of Rs 10/- each for Rs 40/- per share to Promoters & NRI on
- The Board of Directors of the Company has declared an interim
dividend of Rs 10.00 per share of Rs 10/- each for the financial
- The Company has executed a Business Transfer Agreement with M/s.
Vijetha Polytek Pvt. Ltd, for purchase of its unit situated at
Bhimtal on a going concern basis for a lump sum consideration of Rs
- Bright Brothers Ltd has recommended a dividend of 20% (Twenty
percent) on Ordinary Shares of Rs. 10/ each fully paid up of the
- Bright Brothers Ltd has recommended a dividend of Re. 2/- per
Equity shares of Rs. 10/-.
- Bright Brothers Ltd has recommended a dividend of Rs. 2/- per
Equity Share of Rs. 10/-.
- Bright Brothers Ltd has recommended a dividend @ 20% i.e. Rs. 2/-
per equity share of Rs. 10/- each.