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Clariant Chemicals India > Company History > Dyes & Pigments > Company History of Clariant Chemicals India - BSE: 506390, NSE: CLNINDIA

Clariant Chemicals India

BSE: 506390|NSE: CLNINDIA|ISIN: INE492A01029|SECTOR: Dyes & Pigments
Jun 22, 16:00
-2.75 (-0.64%)
VOLUME 1,884
Jun 22, 15:50
-4.85 (-1.12%)
VOLUME 9,475
Company History - Clariant Chemicals India
YEAR                       EVENTS
 1957 - 17,500 shares subscribed for by directors, etc. 15,500 shares
        issued to collaborators.
 1958 - The Company was Incorporated on 27th December at Mumbai.  The
        Company Manufacture pigments, pigment emulsions, dispersions,
        binder materials, thickeners, chemicals, dyes and manures.
 1959 - 32,500 Rights share issued in prop. 1:1.
      - In April 1959, 35,000 shares offered at par to the public.
 1962 - In Aug. 1961, 5,500 shares each issued to two collaborators.
        14,000 Rights shares offered at par to resident shareholders
        prop. 1:5.
 1966 - 50,000 Bonus shares issued in prop. 2:5.
 1969 - 1,00,000 Bonus shares issued in prop. 4:7.
 1974 - 1,37,500 Bonus shares issued in prop. 1:2.
 1976 - 1,54,687 Bonus Equity shares issued in prop. 3:8.
 1979 - 2,26,874 Bonus Equity shares issued in prop. 2:5.
 1980 - The Company proposed to subscribe to the rights shares
        by Haycolour Ltd., of the face value not exceeding S.L. Rs 16
        lakhs (equivalent to about Indian Rs 7.3 lakhs).
 1982 - Kundalika Investments Ltd., became a subsidiary of the
        during the year.
      - The Company jointly promoted `Vanavil Dyes and Chemicals, Ltd.
        (VDCL) along with Tamilnadu Industrial Development
        Ltd. and Tamilnadu Handloom Weavers Co-operative Society Ltd.
 1983 - Haycolour Ltd's., operations were affected due to ethnic
        in Sri Lanka.
 1987 - A BON acid plant with an installed capacity of 300 tonnes
        at Roha factory went on stream during the year.
 1988 - An agreement was reached with TIDCO and TNHWCS to transfer
        6,23,000 shares of Rs 10 each out of 6,24,000 shares held
        by them in VDCL in the name of Colour Chemicals Ltd., at a
        of Rs 24.67 per share.  There was an increase in the equity
        shareholding of the Company in VDCL to nearly 51% thereby
        it a subsidairy.
      - Farbenfabriken Bayer A.G. Leverkusen, West Germany and
        Hoechst A.G. Frankfurt, West Germany were the
        technical-cum-financial collaborators of the Company since
      - The technical agreements signed by Bayer AG with the Company
        stood terminated by mutual consent effective from 31st July,
 1990 - The Company launched the indenting business during the year.
      - Necessary approvals were received for the manufacture of oil
        well chemicals with a capacity of 5,000 tonnes per annum at
        Roha plant.
      - The Company issued 14% non-convertible debentures of an
        value of Rs 400 lakhs on a private placement basis with the
 1991 - Effective from 4th June, the Company was forced to suspend
        operations at the Roha work due to intermittent work stoppage
        and frequent agitation by the workmen.
      - On 26th June, the Company declared a lock-out at its Roha
        The lock-out was lifted on the 29th July, 1991 on the
        intervention of the Industrial Court, Thane.
 1992 - 1,68,000 No. of Equity shares allotted (prem. Rs 60 per share)
        Hoechst AG to increase its holding from 40% to 50.52% in the
 1993 - The Company incurred a capital expenditure of Rs 14.65 crores
        programme of modernisation and upgradation of manufacturing 
      - As on 31st March, the Company held all the 2,50,000 No. of
        shares of Rs 10 each fully paid-up of this subsidiary.
      - Vanavil Dyes & Chemicals Ltd., is also a subsidiary of the
        Company with a holding of 12,22,934 No. of equity shares of Rs
        each out of 24,00,000 No. of equity shares issued as on 31st
      - The Company undertook to enter into a joint venture in Sri
        to manufacture pigment emulsions and dispersions for textile
        printing in collaboration with Hyaleys Ltd. of Colombo.  For
        purpose a new company under the name Haycolour Ltd., was
        incorporated in March 1980 as a private limited company in
      - Approval of the Indian Government was received for
        to 40% of the equity capital of Haycolour Ltd., i.e., Sri
        currency Rs 24 lakhs (equivalent to Indian Rs 12.13 lakhs). 
        Company was appointed the technical consultants of Haycolour 
        Ltd., for an initial period of 10 years.
      - During March, 1,92,572 Rights equity shares were issued
        Rs 500; Prop. 1:5) (all were taken up).  Another 9,567 shares
        (Prem. Rs 500) were offered to employees' all were taken up.
 1995 - The Company augmented the capacities for Azo pigments through
        modernisation of existing facilities and the installation of
        state-of-the-art equipment for drying and handling of
        semi-finished products.
      - The Company diversified into a new business by producing and
        marketing laminating adhesives for the packaging industry. 
        Company incurred an aggregate capital expenditure of Rs 20.03
 1996 - The range of auxiliary chemicals for the textile industry was
        upgraded by the introduction of new high performance
        while some eco-friendly products were added to the range
        emulsions for the textile printing industry.
      - Semi-automatic filling and packaging systems were installed
        various plants thus reducing manual work.
 1997 - The domestic leather chemicals business was adversely
        due to lower demand in the local market.
      - It entered into a toll manufacturing agreement with DyStar
        effective from September.
 1998 - With improve business of laminating adhesives, a separate 
        division cellulose ethers & polymerisates was set up in June.
      - The company has recently commissioned its project for the
        manufacture of Mowilith emulsions at its plant in Roha.
      - While Hoechst Ag (on behalf of Clariant International) holds
        around 50.1 per cent in ColourChem, the remaining is shared
        between banks, financial institutions and investment
        (22.8 per cent), mutual funds (1.5 per cent), FIIs (6.4 per
        cent) and the public (19.2 per cent).
 1999 - Colour-Chem is entering into a Rs 29-crore capital
        for calendar 1999.
      - The company successfully implemented a Voluntary Retirement
        Scheme (VRS) during the quarter ended December 1998.
      - The company had offered VRS for the first time in its 42-year
        history to its employees in two instalements during the year
        and 443 employees opted for the scheme leading to a 27 per
        reduction in a manpower.
      - Colour-Chem Ltd. has recently launched Movicoll, a wood
        making its entry into consumer products.
      - Colour-Chem is among the top companies in every sector to
        operate in an has enjoyed technological support of Hoechst AG
        and Bayer and AG from the beginning.  It has also pioneered
        production of pigments and diketene in India and was also one
        of the first chemical company to obtain the ISO
      - The company is also in the process of shutting down its
        office in Khaitan Bhawan in Mumbai.
 2000 - Colour Chem Ltd, a subsidiary of the Swiss chemicals giant
 Clariant International Ltd,
              has ruled out the possibility of getting merged in India
 with its parent, even though
              globally their merger had taken place.
 -A Minority Share Holder of CCL lodged a complaint  with Sebi in
 with the avoidance of open offer by Switzerland based Clariant 
 -Sebi orders to make open offer to the share holder at Rs.320 per
 share with
 this scrip price raised in the market.
 -Clariant International appeal with SAT against SEBI's order for open
 -Securities Appellate Tribunal directs Clariant to pay interest to
 Chem investors.
 -Color Chem and EBITO Chemiebeteikigungen AG, along with Clariant
 International and Clariant AG, decide to make open offer to acquire
 9.86lakh shares in Vanavil Dyes.
 -Board elects Mr P Linder as the Chairman of the company.
 -SBC Securities and Capital Markets (India) Private Limited (Managers
 to the Offer) have informed regarding the Public Announcement being
 issued by them regarding the Open Offer to acquire upto 23,30,000
 fully paid equity shares (representing 20% the paid up equity share
 capital) of Rs.10 each of Colour-Chem Limited (CCL) at a price of
 Rs.318/- per share in cash by EBITO Chemiebeteiligungen AG (the
 Acquirer or EBITO) along with Clariant International (CIL) and
 Clariant AG (Persons Acting Concert). The Revised Time Schedule for
 major activities for the Offer is as follows : 1) The specified date
 (for the purpose of determining the names of shareholders to whom the
 Letter of Offer would be sent) is April 29, 2005; 2) The offer opening
 date is June 08, 2005; 3) The Offer Closing Date is June 27, 2005.
 -the name of Colour Chem Ltd. shall be changed to Clariant Chemicals
 (India) Limited and the trading symbol of the company be changed from
 COLORCHEM to CLNINDIA w.e.f. June 5, 2006.
 -Company has changed its name from Colour-Chem Ltd. to Clariant
 Chemicals (India) Ltd.                                            
 -Clariant Chemicals (India) Ltd. launched its New Paper Service
 Centre at Kolshet, Thane.
 -Clariant Chemicals (India) Limited has been honored by the Dyestuffs
 Manufacturers Association of India (DMAI) for 'Excellent Performance
 in Pollution Control by a Large Scale Unit for 2008-2009'.
 - The Leather Business of Clariant Chemicals (India) Ltd. launched
 new generation products for processing and dyeing.
 -Clariant Chemicals (India) Limiteds Roha site won the Vasundhara
 Award - 2009
 -Clariant Chemicals (India) Limiteds Industrial & Consumer
 Specialties Business was awarded with the Frost & Sullivan 2010 India
 Excellence Award.
 --Registered Office of the Company has been shifted from Ravindra
 Annexe, 194 Churchgate Reclamation, Mumbai - 400 020 to Kolshet Road
 P.O. Sandoz Baug, Thane 400 607
 -Clariant Chemicals (India) Limited has been honored by the Dyestuffs
 Manufacturers Association of India (DMAI) with two Awards: One
 forExcellent Performance in the field of Pollution Control by a
 large Scale Unit for the year 2010-2011 and the other for Excellent
 Performance in the field of Safety & Hazards Control by a Large Scale
 Unit for the year 2010-2011.
 -Clariant Chemicals (India) Limited has announced that its Industrial
 & Consumer Specialties Business (ICS) has launched a new Consumer Care
 Laboratory at their Kolshet site in Thane, Mumbai.
 -Clariant Chemicals (India) Limited opens new Crop Protection
 Laboratory in Thane.
 -Clariant Chemicals (India) Limited wins National Safety Council
 Award in Maharashtra.
 -Clariant Chemicals has recommended final dividend of Rs. 17.50
 (Rupees seventeen and paise fifty) per equity share of the face value
 of Rs. 10/- each.
 -Clariant Chemicals has inaugurated its first Regional Innovation
 Center in India (RIC India). Located in Navi Mumbai.
 -Clariant doubles capacity for the pigments in Roha, India.
 -Clariant Chemicals has recommended a final dividend of Rs. 20/-
 (Rupees Twenty) per equity share of the face value of Rs. 10/- each.
 -The Registered office of the company has been shifted from Kolshet
 Road P.O. Sandoz Baug, Thane 400 607 to Reliable Tech Park, Gut No.
 31, Village Elthan, off. Thane Belapur Road, Airoli, Navi Mumbai -
 -Clariant bags four prestigious DMAI Awards	
 -Clariant presents pioneering technologies for air pollution control
 -Clariant launches two new pigment dispersions for the Indian
 printing industry
Source : Dion Global Solutions Limited
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