Company History - Butterfly Gandhimathi Appliances
The company was promoted by Sri. V.M. Lakshminarayanan and Sri. V.M.
Kumareason. The company weas originally incorporated as a Private
Limited Company on 24th February '86 and was converted into a Public
Limited Company on 25th April, 1990.
The company started business in the year 1986 mainly as a trading
concern. The commercial production of LPG stoves and Geysers started
in October 1987. This was followed by commercial production of Mixer/
Grinders from October 1989. Presently the Company is engaged in
manufacture of LPG stoves, Mixer/Grinders and Geysers.
PROMOTERS AND THEIR BACKGROUD:
The Company was initially promoted by Sri. V. M. Lakshminarayan and
Sri. V.M. Kumaresan, sons of Sri V. Murugesa Chettir. Subsequently
Sri Murugesa Chettiar and his other two sons namely Sri V.M. Seshadri
and Sri V.M. Balasubramaniam also joined the company as promoters with
The company is an existing profit making unit. The Board after
appraising the market potential is of the view that there is a good
possibility of expanding the market for the Company's products.
-Mr. D Krishnamurthy has been appointed as Additional Director on the
-Gandhmthi App Bags large Tamil Nadu Government Orders worth approx.
Rs. 285 crores
-Mr. V. M. Seshadri has been appointed as Managing Director of the
-Company has changed its name from Gandhimathi Appliances Ltd. to
Butterfly Gandhimathi Appliances Ltd.
-Butterfly Gandhimathi Appliances bags order worth Rs 460.50 cr from
Tamil Nadu Civil
-The Company has decided to recommended dividend of Rs. 2.50 per
equity share of paid up and face value of Rs. 10/- each
-Butterfly Gandhima - Bags Order aggregating Rs. 204 crores
-Butterfly Gandhimathi bags Rs 204 cr order from Tamil Nadu Civil
-Butterfly Gandhimathi Appliances Ltd has decided to recommended
dividend of Rs. 2.50 per equity share of paid up and face value of
Rs. 10/- each
-Butterfly Gandhima - Completion of 'Slump Sale' purchase
-Butterfly Gandhimathi Appliances Limited acquires Domestic Kitchen &
Domestic Electrical Appliances division from Associate Company LLM
-Butterfly Gandhimathi Appliances Ltd has bagged Tamil Nadu Civil
Supplies Corporation Order worth Rs. 510 crores.