GeeCee Ventures Share price

We were incorporated as a private limited company under the Companies Act 1956 on February14 1984 as Shubham Aromatics Private Limited by Mr. Harisingh Shyamsukha Mrs. Meena Kothari andMr. Gavini Balgangadhara Rao with our registered office at 29 Bank Street 1st Floor Fort Mumbai400023. In June 14 2004 the registered office was transferred to K.K. Chamber 4th Floor SirPurushottamdas Thakurdas Marg Fort Mumbai- 400 001 India. We commenced our production in 1985.The Company was converted into a public limited company on October 1 1985 and subsequently the nameof the Company was changed to Shubham Aromatics Limited.The Promoters of the Company had also promoted another company in 1978 viz. GwaliorChemicals Private Limited (?GCPL?) which company was also in the business of manufacturingChlorotoluene products. As a step for consolidating businesses within Chlorotoluene range the Promotersdeemed it fit to merge the two companies. Accordingly GCPL was amalgamated with Shubham AromaticsLimited with effect from October 1 1992 in pursuance of an Order of the Bombay High Court datedJanuary 27 1993. The name of the Company was changed to Gwalior Chemical Industries Limited on May3 1993. On June 14 2004 the Registered office of the Company was shifted to KK Chambers 4th FloorSir Purushottamdas Thakur Das Marg Fort Mumbai 400 001. Over the years we have diversified into various other products in the same chlorinated chemistryand further downstream products. Our business grew from net sales of Rs. 576 lacs and product offering ofmerely 9 products in fiscal 1993 to a net sales of Rs.10242 lacs and 16 products in fiscal 2004. For the ninemonths ended December 31 2004 we had net sales of Rs. 9824 lacs and added 2 more products to ourproduct range.Some of our major milestones are as follows:1978-79 : Benzyl Chloride plant commissioned by Gwalior Chemicals Private Limited our group company which was subsequently merged into us.1984-85 Shubham Aromatics Private Limited is formed and the Group?s Benzyl Chloride capacities expanded.1988-89: Benzaldehyde Plant commissioned by Gwalior Chemicals Private Limited.1992 : Gwalior Chemicals Private Limited sets up viscose dyes facility at Nagda. We introduced new product range of BTC ACL and BOCL.1993 : Amalgamation of Gwalior Chemicals Private Limited with Shubham Aromatics Limited to form one company dealing in the entire Chlorotoluene range. Name of the Company changed to Gwalior Chemical Industries Limited. We introduced the viscose dye pigment black with a production capacity of 1200 TPA1994 : Thionyl Chloride pilot plant and R&D laboratory set up by the Company. Its first steps towards in-house research.1995-96 : Thionyl Chloride Plant commissioned with in-house technology with a capacity of 2160 TPA thus registering our entry into the Sulphur Chloride range of products.2000-01 : The Company makes acquisition of Thionyl Chloride business of Link PharmaChem Limited and expands its blue print outside Nagda. The capacity of viscose dye pigment black doubled to 2400 TPA The capacity of Thionyl Chloride Plant enhanced to 3600 TPA The Company initiates fully-fledged R&D efforts in Thionyl Chloride and Chlorotoluene range. Separate dedicated R&D team formed.2001-02 : Thionyl Chloride capacity expansion begin at Nagda and Ankleshwar facilities. Capacity expanded to 10800 TPA.2002-03 : The Company revamps Chlorotoluene facilities to match international quality standards and creates plants whose economies of scale match international standards.2004 : The Company achieves break-through in innovative Thionyl Chloride technology and changes make modification in process to become one of the cheapest cost producer and one of the largest single location producer of Thionyl Chloride. The capacity of Thionyl Chloride Plant enhanced substantially to 24000 TPA through aforesaid process re-engineering.2005 : The Company completes first phase of expansion with the setting up of Benzyl Alcohol plant the trial production for which commenced in first week of February.