Lactose (India) Ltd.

LACTOSE (INDIA) LIMITED was incorporated on 11th March, 1991 as a 
 Public Limited company in Vadodara District in the state of Gujarat. 
  The certificate of commencement of business was obtained on 5th
 April, 1991.
 
 MAIN OBJECTS OF THE COMPANY :
 
 The main objects of the Company are stated in the Memorandum of 
 Association of the Company and inter alia include the following :-
 
 To carry on the business as manufacturers, manufacturers
 representatives, producers, processors, refiners, consignors,
 consignees, factors, agents exporters, importers and distributors  of
 all classes, kinds, types and nature of :
 
 i. Foods whether finished, semi-finished, processed and unprocessed.
 
 ii. Milk, cream, ice-cream, curd, butter, butter milk, paneer,
 cheese, sweetmeats, chocolates and other dairy products.
 
 iii. Pharmaceuticals, drugs, bulk drugs, medicines.
 
 iv. Chemicals, chemical products, chemical compounds, derivatives 
 and intermediates.
 
 However, the immediate object of the Company is to set up a plant 
 to manufacture 465 tpa of Lactose.
 
 SUBSIDIARY COMPANY
 
 The Company does not have any subsidiary.
 
 PROMOTERS
 
 The Company has been promoted by Mr. S.S. Toshniwal, Shri S.M.
 Maheshwari  and  Shri  Atul Maheshwari. Shri S.S. Toshniwal is
 Chairman of TOSHNIWAL GROUP of companies comprising of TOSHNIWAL
 AGROCHEM  LTD.,TOSHNIWAL EXPORTS, BLACK BOX ELMARK PVT.LTD. UCIL
 INVESTMENTS LTD.,TOSHIKA CHEMICAL PVT.LTD. and other companies.
 
 i. TOSHNIWAL AGROCHEM LTD., a World Bank financed project, is a new
 project, expected to start commercial production by November, 1991.  
  It will be manufacturing Dye intermediates and Agrochemicals.
 
 ii. BLACK BOX ELMARK PVT.LTD. are manufacturers of well known BLACK
 BOX  - TDK Blank Video cassettes, Video Head Cleaning Cassettes and
 audio cassettes having turnover of around  Rs.65 lakhs for the period
 ended 31.3.1991.
 
 iii. TOSHINIWAL EXPORTS  is a well diversified Export House,
 exporting Pharmaceuticals, Dyes, Chemicals & Electronic products with
 turnover of around Rs. 168 lakhs for the year 1990-91.
 
 Shri S.S. Toshniwal has been recipient of many awards for excellence
 in Export performance from CAMEXIL, PLEXCONCIL, EEPC. S.S.Toshiniwal,
 a commerce graduate was employed with J.K. group of companeies
 (1961-70) and the Birla group till 1977.  In 1977, he started his own
 business of  exporting glass products, engineering goods and
 chemicals. He diversified into the manufacture of blank video
 cassettes (brand name Black Box TDK) in 1988 and also established
 Toshniwal Exports Limited (TEL), for the export of bulk drugs,
 chemicals, dyes & dye intermediates and blank video cassettes.
 
 The present turnover of TEL is about Rs 165 lacs. Shri Toshniwal is
 also setting up Toshniwal Agrochem Limited for the manufacture of dye
 and  dye intermediates at Tarapur, Maharashtra at an estimated cost of
 Rs 152 lacs.  The Company is expected to commence commercial
 production from December, 1991.
 
 Atul Maheshwari, a commerce graduate from Bombay and an MBA from 
 U.S.A. has worked with Imperial Dyes & Chemicals (1985-87), Ramimex
 International Limited (1987-89) in the marketing departments, and TEL
 as Export Executive. He would be incharge of the day-to-day working
 and the marketing operations of the Company.
 
 S M Maheshwari, a post graduate in Pharmacy, has over 25 years 
 experience in the R&D departments of various pharmaceutical companies
 and sis currently employed as General Manager, Quality Control in a
 multi-national pharmaceutical company.
 
 2007
 
 -Lactose India has designated E-mail ID for Investor Complaints:
 investor.lactose@gmail.com
 
 
 2015
 -Lactose (India) Started Manufacturing for Dr Reddys for their Liquid
 Oral Bottles.
 
 
 2016
 -Lactose (India) Started Lactulose Manufacturing API Plant –A Make In
 India Product.
 
 
 2018
 -Company made Strategic Alliance with Solactis SAS France –
 Prebiotic.
 
 
 2022
 -Lactose (India) ended up the contract with Kerry and started it own
 marketing & sales of Lactose Monohydrate under the banner of Lactose
 (India) Limited.