GEEKAY WIRES Share price

The Company was incorporated as “Geekay Wires Private Limited” under the provisions of the Companies Act 1956 onJuly 25 1989. The Company has been in the business of manufacturing high quality galvanized steel wires and wireproducts and have been meeting the requirement of various clients in the government and private sectors like powerconstruction automobile general engineering and domestic segments. The Company was taken over by the Kandoi Family in 2012 and we have over the recent past ramped up the production capacities.Today; The company is an ISO 9001: 2008 certified manufacturer exporter and supplier of the superlative wires andcables like earth wire stay wire ACSR steel core cable armoured wire guy strand barbed wire spring steel wirepatented wire detonator wire and spring steel wire etc. The Company has recently completed expansion project at Isnapur Village Medak District thereby taking the installed capacity to 45000 MTS from 15000 MTS p.a. Further we have also commenced the process of setting up “nails” manufacturing unit at Muppireddypally Toopran Medak with an proposed aggregate installed capacity of 10000 MTS p.a.We are backed by a strong infrastructural base which is well equipped with latest technology advance machines andequipments which assist us in maintaining the quality and quantity of wires. We have a strong focus on manufacturingprocess and have a full-fledged quality testing laboratory and well qualified and experienced personnel. All raw-materialsand consumables are tested at various stages in manufacturing process as per stipulated standards to ensure good quality products which confirms to ISO standards.Today with robust infrastructure & testing facilities we are in the preferred-vendor list of PGCIL and in many StateTransmission & Distribution Companies electrical contractors corporate engaged in turnkey business of creatinginfrastructure for power transmission &distribution cable &conductor manufacturing etc. The products are not onlyaccepted in India but we have received accolades from overseas customers also.MAJOR EVENTS IN THE HISTORY OF THE COMPANY1989- Incorporation of the Company as “Geekay Wires Private Limited”2012- Change in the management of our Company wherein ‘Kandoi Family’ got majority control2016- Increase of installed production capacity at our Unit I from 15000 MTS to 18000 MTS2017- Convertion of the Company from private to public i.e. “Geekay Wires Limited”- Completed construction at our Unit II for purposes of manufacturing “Wire Nails”.- Started production at Unit II- Increase of installed production capacity at the Unit I from 18000 MTS to 24000 MTS.