Company History - Time Technoplast
Our Company was incorporated on December 20, 1989 in the name and
as Time Packaging Private Limited and in the year 1992 the name of
Company was changed to Time Packaging Limited. In view of diversified
products range and technological adoptions the name of our Company
further changed from Time Packaging Limited to Time Technoplast
effect from May 01, 2006.
Our current Promoters are Mr. Anil Jain, Mr. Bharat Vageria, Mr.
Thyagarajan, Mr. Naveen Jain, Time Securities Services Pvt. Ltd.,
Pvt. Ltd and Vishwalaxmi Trading and Finance Pvt. Ltd.
We are engaged in manufacture and sale of technology based polymer
catering to growth sectors of Indian economy i.e. Industrial and
Packaging Solutions, Life Style Products, Auto Components, Health
and Construction and Infrastructure related products.
Our Company started in the year 1991 and over a period of 15 years
has established production facilities at six different locations
across the country.
Having established business in the country, our Company is now in the
venturing into overseas markets and to this end our Company is now in
of setting up manufacturing facilities in the Middle East, Europe and
into joint venture with Mauser Group to acquire or set up related
business in other
Year Key Events
1992 Started as a Small Scale Industry with production facility at
1993 Technological collaboration with the Mauser Group
1994 Built new production facility at Daman (U.T.) - started
manufacture of large
size polymer drums
1995 Established presence in South India through production
facility at Hosur
1995 Awarded MIPI symbol of quality as international recognition of
quality and systems
1996 Established presence in North India through plant at Baddi
1998 Launched Lifestyle Products - Synthetic Turf & Matting under
'Meadowz' and 'DuroTurf'
1999 Launched Lifestyle Product Garden Furniture under the brand
1999 Built additional production facility at Daman for packaging
2000 Added new facility at Sahibabad for Garden Furniture & other
2001 Set up additional plant for PET sheets at Daman
2001 Started production of plastic pails 'Conipails'
2002 Further increased capacity for large size plastic drums at
2003 Further expanded capacity for large size plastic drums at
Sahibabad for North
2004 Established joint venture company with Mauser for manufacture
Bulk Containers (IBCs)
2005 Developed & launched Anti Spray Systems (3S)
2005 Set up a 100% subsidiary in UAE, Sharjah
2006 Set up production facility and launched Lifestyle products
2006 Started additional manufacturing facility for production of
large size plastic drums
2006 Developed & launched 'Genex' medical devices (Auto Disable
Sampler & Face Masks)
2006 Set up a 100% Subsidiary at Poland
2006 Amalgamation of OMPL and SPPL with our Company.
2006 Acquisition of 75% stake in TPL.
2006 Entered into an MoU with TSSPL for acquisition of 49% stake in
MHA (joint venture
with Mauser Group) at Singapore
2006 Initiated setting up of Steel Drum project in Maharashtra under
Industries Pvt. Ltd.
2007 Certificate of Compliance for successfully implementation of
System in conformance to the requirements of WHO-GMP for
our auto-disable syringe
& blood sampler factory manufacturing facility at Baddi
-The initial public offering of Time Technoplast, which makes and
sells polymer products, has been oversubscribed 49.55 times, having
got 19.43 crore bids for the 39.21 lakh shares on the last day of the
-Time Technoplast Ltd has acquisition of 100% shareholding in Gulf
Powerbeat WLL (GPW), Kingdom of Bahrain through its subsidiary (71%)
NED Energy Ltd (NED), Hyderabad. GPW has state-of-art production
facility at South Alba Industrial Area, Manama, Bahrain for
manufacture of high quality Long Life batteries.
- The Company has splits its face value from Rs10/- to Rs1/-.
- Time Technoplast Ltd has signed MOU to acquire a Composite Cylinder
Manufacturing Company in Czech Republic.
- Time Technoplast Ltd announces launch of High Tech Composite
- Time Techno - Board recommends Final Dividend @40%
- Time Technoplast Ltd signs a Share Purchase Agreement to acquire
Solutia Plastic product business.
- Time Technoplast net profit increased 22 per cent for FY11.
- Time Technoplast receives ESMA approval for composite LPG
-Time Technoplast have been accorded the Best Innovative Technology
supplier award by TATA Motors.
-TimeTech Launched Composite Cylinders.
- Time Technoplast Ltd has Appointment of Ms. Monika Srivastava as
Woman Director on the Board.
-Time Technoplast Ltd has recommended the final Dividend @ Rs. 0.45
- Time Tech wins most Innovative Plastic Product Design Award
Litesafe Composite Gas Cylinders
-Lighter and safer gas cylinders on their way; HPCL places orders for