Company History - Nilkamal
YEAR
EVENTS
1985 - The Company under the name of creamer plastic Pvt. Ltd. was
incorporated on 5th December,
Which was converted into creamer plastic Ltd on 18th
July, 1990.
- The Company is promoted by the Parekh Family of Nilkamal
Group. The promoters are
Shri Vamanrai V. Parekh, Shri Sharad V. Parekh and Shri
Hiten V. Parekh .
- Nilkamal Plastic Ltd is promoted to produce new models
of material handling crates and
variety of moulded seating systems.
1990 - The Company's name was changed to Nilkamal Plastic Ltd on 23rd
August.
- The Company entered into the Capital Market in the month
of February, 1991 to issue
the Equity Shares of Rs.180 Lacs which has received
excellent response and was
over-subscribed by about 5.23 times.
- The Company has made an allotment within 27 days to
enable shareholders to get the
benefit of Section 88-A of Income Tax Act 1961.
1992 - The Company has installed capacitors which have resulted in
getting better power factor
and saving in energy consumption.
1993 - According to the total Dividend payable on 30 lac Equity
shares of Rs.10/- each and
on pro rata basis on 9 lac Equity shares of Rs.10/-
each, is as under:
- On 30,00,000 No. of Equity Shares of Rs.10/- each @ 10%
i.e. Re.1.00 per share: Rs.30,00,000.
- On 9,00,000 No. of Equity Shares of Rs.10/- each @ 10%
on pro rata basis from 19.06.1992 to
31.03.1993 i.e. Re.0.784 per share: Rs.7,05,600.
- During the year, the Equity Share Capital of the
Company was increased by a sum of
Rs.90 lac by issuing 9 lac Equity Shares of Rs.10/-
each at par to the promoters of the
Company.
- The Company has installed capacitors which has resulted
in getting better power factor
and saving in energy consumption.
2000 - The Company has added to its range with the launch of two
single
seater sofas, Solo Cane and Solo Blossom.
2001 - The Company has launched `Chair 2051' and `Chair 2052'.
2003
- Mr. Arun R. Gandhi,Director of the Company has resigned from the
Board of Directors of the Company.
-Shri Gopichand Keswani, Director of the Company has resigned from
the Board of Directors of the Company.
- Appointed Shri Dadi B Engineer and Shri K R Ramamoorthy as the
Directors of the Company in casual vacancy.
2004
-Shares delisted from Ahmedabad Stock Exchange
2006
-Nilkamal forms JV with German firm
-Company has changed its name from Nilkamal Plastics Ltd. to Nilkamal
Ltd.
2007
-Nilkamal has signed Business Transfer Agreement (BTA) to acquire for
a total consideration of Rs. 25 Crore, the Material Handling Business
of 'Prince Containers Private Limited' (PCPL) and 'Prince Multiplast
Private Limited (PMPL)
2008
-Nilkamal acquires Starshine Land Developers Private Limited
2009
-Nilkamal have recommended a Dividend of Rs.2/- per share
- Grabbed the award Best retail Design & Visual Merchandising under
the Home improvement category in 2009.
2010
-Nilkamal enters into Joint Venture Agreement with Cambro
Manufacturing Company, USA
-Nilkamal has recommended a Dividend of Rs. 3/- (30%) per share
2011
-Nilkamal has won the prestigious Economic Times Indian Manufacturing
Excellence - Gold Award - Process Sector, Emerging Business
-Nilkamal has Recommended a Dividend of Rs. 4/- (40 %) per share
2012
-Nilkamal has appointed Mr. S. K. Palekar as an Additional Director
of the Company
-Nilkamal has recommended a Dividend of Rs. 4/- (40%) per share.
2013
-Nilkamal has recommended a Dividend of Rs. 4/- (40%) per share.
2014
-Nilkamal has recommended a Dividend of Rs. 4/- (40%) per share.
2015
-6 time winner of India Manufacturing Excellence Award (IMEA) from
Frost and Sullivan with Economic Times
-Green Manufacturing Excellence Award (GMEA) from Frost and Sullivan
in collaboration with Business Standard 2015.
-Winner of the National Energy Conservation Award (GOLD) by Ministry
of Power (Govt of India) in 2014, 2015 and 2016
2016
-Grabbed the award Retailer of The Year under the Home Product and
Office Improvements category in 2016.
2017
-National Award for Excellence in Energy Management from CII in 2016
and 2017.
2018
-Nilkamal Material Handling efficaciously participated in Indias
biggest poultry event, Paschim Banga Poultry Mela 2018 organised in
Kolkata during 15th & 17th feb. 2018.
-Nilkamal We received worthy response from various govt.,
semi-govt., and private agricultural & animal husbandry visitors.
2019
-Nilkamal got an order for plastic crates, opening up a new business
line.
-2020
-Nilkamal Ltd on Thursday announced the launch of a special range of
products, including quarantine and isolation beds, as part of its
efforts to support growing healthcare infrastructure needs due to the
coronavirus pandemic.
-Nilkamal has created a slice of life film. Through this, it is not
only urging consumers to adhere to the government mandates but is
also offering them a friendly solution on how to cope with the
situation.
-Nilkamal, joined forces with Reliance Foundation to donate 2000
quick covid bed, 2000 bedside cabinets, mattress and pillows to the
Sardar Patel COVID Care Centre at the Radha Soami Satsang Beas in the
national capital.
