you are here:

Technocraft Industries (India) Ltd.

BSE: 532804 | NSE: TIIL |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE545H01011 | SECTOR: Steel - Medium & Small

BSE Live

Nov 27, 16:00
302.00 0.55 (0.18%)
Volume
AVERAGE VOLUME
5-Day
1,900
10-Day
1,501
30-Day
3,435
640
  • Prev. Close

    301.45

  • Open Price

    301.70

  • Bid Price (Qty.)

    298.00 (125)

  • Offer Price (Qty.)

    304.80 (5)

NSE Live

Nov 27, 15:56
301.60 1.95 (0.65%)
Volume
AVERAGE VOLUME
5-Day
21,381
10-Day
14,239
30-Day
12,877
21,369
  • Prev. Close

    299.65

  • Open Price

    308.00

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

Company History - Technocraft Industries (India)
Technocraft was established in 1972 by two brothers Mr. S.K. Saraf and
 
 Mr. S.M. Saraf. The brothers, who are IIT Graduates & Technologists,
 had 
 started with the aim of manufacturing high precision and
 sophisticated 
 Drum Closures Products. Until 1976 Technocraft focused on the
 domestic 
 market. India was not recognized as reliable export nation during
 those
 days, against all the odds, the company launched a major export drive
 
 in 1977. Technocraft was recognised as an export house by
 government 
 of India in 1979. Technocraft initially captured the Middle East
 export 
 market. Gradually Technocraft moved to USA and Europe. Since
 customers 
 in USA and Europe were used to buy Drum Closures from the Companys
 competitors based in Europe and USA, on a very short notice,
 Technocraft 
 established several foreign subsidiary companies for facilitation of
 the stock 
 flow to their customers in Europe and USA.
 
 At the initial stages the groups strengths were in manufacturing of
 Drum closures. 
 From inception till 1994, Technocraft continued developing and
 increasing the 
 production of Drum Closures until it became one of the largest and
 most 
 recognized suppliers of Drum Closures in the world. The company
 subsequently 
 in 1994 acquired a sick unit Maharashtra Steel Tubes Ltd from
 SICOM, which 
 was into the manufacture of Steel Pipes. The initial production in
 the early years 
 post acquisition was 500 metric ton per month and in those days
 Europe was 
 a major importer of steel pipe. Technocraft opened an office in
 United Kingdom (UK) 
 so as to tap into the European market. This was the turning point in
 its expansion 
 program.
 
 In 1997, Technocraft diversified into manufacturing of Cotton Yarn.
 The Unit was 
 accorded a 100% EOU status. The cotton yarn division is into
 Manufacturing & 
 Exporting of high quality 100% Cotton Ring Spun Yarn. From NE 20 to
 NE 40, The
 spinning mill is equipped with world class Swiss, Japanese and other
 equipment. 
 The cotton yarn division employs highly trained technical experts in
 all aspects 
 of yarn spinning. It also has a Captive power generation plant in the
 yarn division to
 cater to its power requirements.
 
 Technocraft as a group has been a predominant player in the precision
 engineering 
 sector & it has done a forward integration of Tube Division by
 producing high 
 precision scaffolding systems for building construction.The cotton
 yarn division 
 has also forward integrated its operations by production & export of
 Garments 
 through its subsidiary. Technocraft has been constantly upgrading its
 capacity 
 & improving its standards to meet the ever increasing expectations of
 its customers. 
 The strategy adopted by the company comprises of growth through
 constant 
 innovation, enter new categories, and focus both on domestic as well
 as foreign 
 markets.
 
 Major events in the history of the Company
 
 Year Events/Milestones/ Achievements
 
 1993        Set up of its first Foreign subsidiary in United Kingdom
 1994         Merger of Technocraft Fabricators (Bombay) Limited and
 Eskiedee Metal 
                  Crafts Private Limited
 1994        Acquisition of Maharashtra Steel Tubes Limited  Pipe
 Division
 1997        Setting up of 100% EOU Yarn Unit
 1998        Setup Subsidiary in Poland
 2000        Setup Subsidiary in Hungary
 2000        Awarded the National Award for Export Excellence by
 Ministry of Commerce 
                 and Industry, Award Presented by then Prime Minister
 of India
 2001        Awarded Export Excellence Award for all steel products by
 Engineering 
                 Export Promotion Council  Maharashtra
 2003        Setting up of Subsidiary Company Danube Fashions Limited
 2004        Awarded 3 Star Export House Certificate
                 Achieved the Export Targets set by Government of
 India in the yarn 
                 Division under the target Plus Scheme 
 2005        Setup a Subsidiary in Germany Launched Haute Chilli Brand
 in India
                 Achieved the export targets set by Government of
 India in the yarn 
                Division 2nd year straight
 2006        Setup a Subsidiary in Australia
 
 2007     Technocraft Industries India Ltd has informed that Mr. N M
 Mhatre, has been appointed Additional Director of the Company and
 consequently he become the Whole Time Director of the Company with
 effect from November 01, 2007 at the meeting of Board of Director
 held on October 31, 2007.
 
 2009
 
 - Technocraft Industries India Ltd has appointed Mr. Anand Didwania
 as a Non-executive independent Director of the Company.
 
 - Technocraft Industries India Ltd has informed that Mr. Pankaj
 Ranjit Toprani has been appointed as a Non-executive independent
 Director of the Company.
 
 2010
 
 -Technocraft Industries India Ltd  recommended the payment of
 dividend of Rs. 1.5/- (15%) on equity shares of Rs. 10/- each for the
 financial year ended March 31, 2010.
 
 2011
 
 - Technocraft Industries India Ltd has Changed his Registrar &
 Transfer Agent  from M/s Datamatics Financial Services limited to M/s
 System Support Services.
 
 -  Technocraft Industries (India) Ltd recommended the payment of
 dividend of Rs. 1/- (10%) on equity shares of Rs. 10/- each for the
 financial year ended March 31, 2011.
 
 2012
 
 -Technocraft Industries (India) Ltd recommended the payment of
 dividend of Rs. 1/- (10%) on equity shares of Rs. 10/- each for the
 financial year ended March 31, 2012,
 
 2013
 
 -Mr. Jagdeesh Mal Mehta has been appointed as a Non-executive
 Independent Director of the Company.
 
 -Technocraft Industries (India) Ltd. has acquired Canada-based Swift
 Engineering Inc. for the year 2013.
 
 
 2014
 
 -Technocraft Launched Public library for children below 14years of
 age at Murabad in 2014.