Cords Cable Industries Share price

Our Company was incorporated on October 21 1991 as Cords Cable Industries Private Limited by a group of three professionals Mr. Naveen Sawhney Mr. D.K. Prashar and Mr. Rakesh Malhotrawith an objective to cater to the growing requirement for high quality.Customised cables. One of our main objects was to acquireand take over as a going concern the partnership business carried on under the name and style of Cords Cable Industries.We started our operations by manufacturing co-axial cables and instrumentation cables at our production unit at Okhla Industrial Area New Delhi.Thereafter we took over the business of the partnership concern M/sCords Cable Industries as a going concern along with all assets and liabilitieswith effect from May 1 1992. M/s Cords Cable Industries was established on October 23 1987 to manufacture and trade cables. The firm was jointly formed by Mrs. Santosh Malhotra Mr. Chanan Lal Sawhney Mr. B.D. Prashar Mr. A.M. Sanghviand Mr. Vimal Dev Monga. Pursuant to the takeover the said partnership concern ceased to exist with effect from May 1 1992.Our promoters are from engineering and management disciplines. They have been associated individually with the Cable Industry for over thirty years and have varied experience in the areas of manufacturing marketing etc. in the Cable Industry. Our Company became a deemed public limited company w.e.f July 11997 and restored its status of private limited company again w.e.f February 6 2003. Our Company gotvconverted into a public limited company vide a certificate of incorporation dated May 10 2006.To keep up the growth momentum we added control cables and customizedinstrumentation cables to our product portfolio. In line with our vision to go up the value chain and to increase our production capacity we set up a state of the art manufacturing facility at Chopanki Dist. Alwar Rajasthan in 2003-04 of approx 45000sq.ft. covered area. This enabled us to diversify our product range so as to cater to the cable requirements of the energy and infrastructure sectors of our country. In November 2006we increased the capacities for existing products and expanded our factory from 45000 sq. ft.covered area to 92000 sq. ft covered areaOver a period of time we have expanded our product range and have added a variety of speciality cables in our product range.At present we are focusing on LT cables control &instrumentation cables and speciality cables. In the proposed expansion project we plan to add HT cables and Rubber cables to our existing product portfolio.We cater to a majority of core industries such as powercement chemicalspetrochemicalssteel etc. Our clientele includes blue chip companies like BHELL&T NTPC Reliance Energy Ltd. and others.We are an ISO 9001:2000 accredited company and hold BIS certification for all types of cables conforming to IS:1554(1)/1988 and IS:694-90.At the time of incorporation the registered office of our Company was situated at C-25 Lajpat Nagar-III New Delhi - 110024. With effect from March 1 2005our registered office was shifted to B-1 / A-26 Mohan Cooperative Industrial EstateMathura Road New Delhi - 110044.Our Company?s growth over the last 15 years is highlighted below:Year Event1991 Incorporated as a Private Limited Company1991 Commenced manufacturing of Control Cables and Customised Instrumentation Cables.1992 Took over the business of the partnership firm M/s Cords Cables Industries as a going concern1996 Manufacturing unit was shifted from Naraina Industrial Area to MohanCo-operative Industrial Estate1997 Company became Deemed Public Limited Company1998 Obtained ISO 9002:1994 certificate from Underwriters Laboratories Inc. for drawing and insulating of non-ferrous wire manufacture of PVC/PE insulated copper/aluminium conductorarmoured/unarmoured for instrumentation power control radio frequency co-axial telephone including jelly filled (upto 100 pair capacity) thermocouple extension and compensating cables.2003 Set up a state of the art manufacturing facility at Chopanki Dist. Alwar Rajasthan having covered area of over 45000 sq. ft giving a two-fold jump to the revenue2004 Obtained ISO 9001:2000 certificate from Quality Certification Bureau Inc. for manufacture and supply of power control instrumentation signallingcommunication thermocouple and panel wires & cables.2004 Registered our logo CORDS with the Trade Mark Registry and a certificate of registration was issued to us2004 Enrolled as a member of PHD Chamber of Commerce and Industry.2006 Completed the first phase of our expansion whereby the total covered area of our factory increased from 45000 sq. ft. to 92000 sq. ft.2006 Converted into a Public Limited Company2007 Gross turnover crossed Rs. 100 crores.