BALAJI AMINES LIMITED was promoted by the KPR Group in 1988at Solapur Maharashtra for the manufacture of specialityChemicals Products viz. Methyl Amines and Ethyl Amines.This venture marked their entry into a high technology areaand these products were being manufactured withindigenously developed technology for the first time inIndia. The plant was successfully commissioned and theCompany has declared dividends from the first full year ofoperations. The Company was assisted by IFCI by say ofequity assistance of Rs. 20.00 lakhs and term loan ofRs.235.50 lakhs. The Company started Commercial productionfrom 1-3-1991 initially with the manufacture of MethylAmines alone. The manufacture of Ethyl Amines was startedfrom 1-8-1992.BHAGYANAGAR CHEMICALS LTD :This company was setup to manufacture 3 cynopyridine and 4 cynopyridine. The project cost is around Rs. 200.00lakhs. IDBI has invested Rs.80.00lakhs in this unit under venture capital scheme. The unit has recently started production.BHAGYANAGAR WOODPLAST LTD:This company was setup to manufacture and suply woodplast (extruded synthetic structural foam panels and profiles) and other products such as PVC sheets pipes etc.
| Name | Position |
|---|---|
| Mr. A Prathap Reddy | Executive Chairman |
| Mr. D Ram Reddy | Managing Director |
| Mr. A Srinivas Reddy | WholeTime Director & CFO |
| Mr. N Rajeshwar Reddy | Whole Time Director |
| Mr. Mohan Kumar Ramakrishna | Independent Director |