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GeeCee Ventures > Company History > Miscellaneous > Company History of GeeCee Ventures - BSE: 532764, NSE: GEECEE

GeeCee Ventures

BSE: 532764|NSE: GEECEE|ISIN: INE916G01016|SECTOR: Miscellaneous
Nov 18, 16:00
-0.9 (-1.09%)
Nov 18, 15:42
-1.2 (-1.44%)
VOLUME 1,889
Company History - GeeCee Ventures
We were incorporated as a private limited company under the Companies
 Act, 1956 on February 14, 1984 as Shubham Aromatics Private Limited
 by Mr. Harisingh Shyamsukha, Mrs. Meena Kothari and Mr. Gavini
 Balgangadhara Rao with our registered office at 29, Bank Street, 1st
 Floor, Fort, Mumbai 400023. In June 14, 2004, the registered office
 was transferred to K.K. Chamber, 4th Floor, Sir Purushottamdas
 Thakurdas Marg, Fort, Mumbai- 400 001, India. We commenced our
 production in 1985.
 The Company was converted into a public limited company on October 1,
 1985 and subsequently the name of the Company was changed to Shubham
 Aromatics Limited.
 The Promoters of the Company had also promoted another company, in
 1978, viz. Gwalior
 Chemicals Private Limited (GCPL) which company was also in the
 business of manufacturing
 Chlorotoluene products. As a step for consolidating businesses within
 Chlorotoluene range, the Promoters deemed it fit to merge the two
 companies. Accordingly, GCPL was amalgamated with Shubham Aromatics
 Limited with effect from October 1, 1992, in pursuance of an Order of
 the Bombay High Court dated January 27, 1993. The name of the Company
 was changed to Gwalior Chemical Industries Limited on May 3, 1993. On
 June 14, 2004, the Registered office of the Company was shifted to KK
 Chambers, 4th Floor, Sir Purushottamdas Thakur Das Marg, Fort, Mumbai
 400 001.
 Over the years we have diversified into various other products in the
 same chlorinated chemistry and further downstream products. Our
 business grew from net sales of Rs. 576 lacs and product offering of
 merely 9 products in fiscal 1993 to a net sales of Rs.10,242 lacs and
 16 products in fiscal 2004. For the nine months ended December 31,
 2004, we had net sales of Rs. 9,824 lacs and added 2 more products to
 our product range.
 Some of our major milestones are as follows:
 1978-79 : Benzyl Chloride plant commissioned by Gwalior Chemicals
 Private Limited, our group
                 company, which was subsequently merged into us.
 1984-85   Shubham Aromatics Private Limited is formed and the Groups
 Benzyl Chloride
                 capacities expanded.
 1988-89:  Benzaldehyde Plant commissioned by Gwalior Chemicals
 Private Limited.
 1992     :  Gwalior Chemicals Private Limited sets up viscose dyes
 facility at Nagda.
                 We introduced new product range of BTC, ACL and
 1993     :  Amalgamation of Gwalior Chemicals Private Limited with
 Shubham Aromatics Limited
                 to form one company dealing in the entire
 Chlorotoluene range. Name of the Company
                 changed to Gwalior Chemical Industries Limited.
                 We introduced the viscose dye pigment black with a
 production capacity of 1,200 TPA
 1994     : Thionyl Chloride pilot plant and R&D laboratory set up by
 the Company. Its first steps
                 towards in-house research.
 1995-96 : Thionyl Chloride Plant commissioned with in-house
 technology with a capacity of 2,160
                 TPA thus registering our entry into the Sulphur
 Chloride range of products.
 2000-01 :  The Company makes acquisition of Thionyl Chloride business
 of Link PharmaChem
                  Limited and expands its blue print outside Nagda.
                  The capacity of viscose dye pigment black doubled to
 2,400 TPA
                  The capacity of Thionyl Chloride Plant enhanced to
 3,600 TPA
                 The Company initiates fully-fledged R&D efforts in
 Thionyl Chloride and Chlorotoluene
                 range. Separate dedicated R&D team formed.
 2001-02 : Thionyl Chloride capacity expansion begin at Nagda and
 Ankleshwar facilities.
                 Capacity expanded to 10,800 TPA.
 2002-03 : The Company revamps Chlorotoluene facilities to match
 international quality    standards
                 and creates plants whose economies of scale match
 international standards.
 2004      : The Company achieves break-through in innovative Thionyl
 Chloride technology and
                 changes make modification in process to become one of
 the cheapest cost producer and
                 one of the largest single location producer of
 Thionyl Chloride.
                 The capacity of Thionyl Chloride Plant enhanced
 substantially to 24,000 TPA through
                 aforesaid process re-engineering.
 2005     : The Company completes first phase of expansion with the
 setting up of Benzyl Alcohol
                plant, the trial production for which commenced in
 first week of February.
 - E-mail ID in the name of 
 - The Company has entered into a definitive agreement for sale of its
 chemicals business
 - The company has changed its Registered from Western India House,
 Sir. P.M. Road, Fort, Mumbai- 400 001 to 209 /210, Arcadia Building,
 2nd Floor, 195 Nariman Point, Mumbai -400 021.
 -Company has changed its name from Gwalior Chemical Industries Ltd.
 to GeeCee Ventures Ltd. 
 - The company has recommended dividend at the rate of Rs 1.50 per
 share (15%).
 -GeeCee Ventures Ltd has recommended a dividend @ 15% i.e. Re. 1.50/-
 per share
 -GeeCee Ventures Ltd has Appointment of Mr. Gaurav Shyamsukha as CFO
 and Whole-Time Director.
 -GeeCee Ventures Ltd has recommended a dividend @ 15% i.e. Re. 1.50/-
 per share
Source : Dion Global Solutions Limited
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