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Omkar Speciality Chemicals

BSE: 533317|NSE: OMKARCHEM|ISIN: INE474L01016|SECTOR: Chemicals
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Company History - Omkar Speciality Chemicals
Our Company was originally  incorporated as Omkar Speciality Chemicals
 Private Limited on 
 February  24,  2005  and was  registered with  the Registrar  of
 Companies, Maharashtra.  It was 
 converted into a public limited company under the name Omkar
 Speciality Chemicals Limited 
 on March 18, 2010.  
   
 We  took over  the business of Omkar Chemicals, a proprietary concern
  (proprietor Mr. Pravin 
 Herlekar)  in June, 2005. Omkar Chemicals was formed  in the year
 1983 with capacity of 6 MT 
 per annum for manufacture of molybdenum derivatives. At the time of
 takeover in June, 2005, 
 the  installed  capacity  was  318  MT  and  the  product  range  was
  cobalt,  selenium  &  iodine 
 derivatives  in  addition  to molybdenum  derivatives.  During  the 
 year  2006-07,  our  Company 
 expanded the total installed capacity to 325 MT which was further
 increased to 375 MT during 
 the  year  2007-08.    In March,  2009, we  set  up  a  new
 manufacturing  facility  at  plot  no.  F-24, 
 MIDC, Badlapur (E), Thane, Maharashtra viz. Unit 2 with an installed
 capacity of 375 MT. With 
 the  setting up  of Unit  2,  our  total  installed  capacity 
 increased  to  750 MT. Our Company has 
 recently set up a new manufacturing facility at B-34, MIDC, Badlapur,
 Thane, Maharashtra viz. 
 Unit  3  with  an  installed  capacity  of  200  MT  through 
 internal  accruals.  The  commercial 
 production at Unit 3 is likely to start in the month of March, 2011.
 With the set up of Unit 3, our 
 total installed capacity stands increased to 950 MT. 
  
 Pursuant  to a Share Purchase Agreement dated May 14, 2010 between
 our Company and  the 
 shareholders  of  Rishichem  Research  Limited,  we  have  purchased 
 1078  Equity  Shares  of 
 Rishichem  Research  Limited  thereby  holding  99.82%  and  making 
 it  our  wholly  owned 
 Subsidiary. 
 
  
 Major events of our Company  
  
 Period   Events 
 
 February, 2005
 Incorporation of Omkar Speciality Chemicals Private Limited 
 
 June, 2005
 Took  over  the  entire  business  (all  assets  and  liabilities) 
 of  Omkar 
 
 Chemicals,  a  proprietary  concern  of Mr.  Pravin  Herlekar.  The 
 installed 
 capacity after the takeover stood at 318 MT 
 
 January, 2006                               
 Installed capacity increased to 325 MT 
 
 March, 2007  
 Installed capacity increased to 375 MT 
 
 April, 2009  
 Commenced  commercial  production  of  Unit  2,  located  at  F-24, 
 MIDC, 
 Badlapur (E), Thane with an installed capacity of 375 MT 
 
 February, 2010  
 Construction  activity  started  for Unit  3 with  an  installed 
 capacity  of  200 
 MT, the commercial production of which is likely to start in March,
 2011 
 
 March, 2010 
 Converted into a public limited company 
 
 May, 2010  
 Rishichem Research Limited became our wholly owned Subsidiary 
 
 August, 2010  
 Received  ISO-9001-2008  certification  for  our Unit  2  in  respect
  of  quality 
 management systems.
 
 2011
 
 -Omkar Speciality have recently set up a research center at Company's
 Unit No. IV
 
 -Mrs. Swapnali S. Puranik has been appointed as Company Secretary and
 Compliance Officer of the Company 
 
 2012
 
 -Omkar Speciality have forayed into pharmaceutical business with its
 recent acquisition of LASA Laboratory Private Limited located at
 Mahad.
 
 -Mr. Nirav Momaya has been appointed as Company Secretary and
 Compliance Officer of the Company 
 
 2013
 -Omkar Specialty Chemicals has acquired the rights of the plot no.
 W-93(A), admeasuring about 720 sq,mtrs situated at MIDC, Badlapur
 (East), Thane 421503, which earlier belonged to M/s Desh Chemicals
 Pvt Ltd.
 
 2014
 -Omkar Speciality Chemicals has recommended a dividend of Rs. 1.50
 (15%) per Equity Share of Rs. 10 each.
 
 2015
 -Omkar Speciality Chemicals Ltd has Commissioning of Company's New
 Facility at Chiplun.
 -Omkar Speciality Chemicals Ltd bags concrete indents worth Rs 100
 crore.
 -Chairman & Managing Director of OSCL has been honored at the hands
 of Mr. Devendra Fadnavis, Chief Minister of State of Maharashtra.
 
 2016
 -Successful Commissioning of Expanded Capacity at Unit 1 in
 Badlapur.
 
 
 
Source : Dion Global Solutions Limited
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