SANCO INDUSTRIES Share price

Sanco Industries Limited was originally incorporated on March 17 1989 as a private limited company under the name and style of Sanco Plastics Private Limited with corporate number 55-35549 of 1988-89 under the provisions of the Act and registered with the ROC Delhi & Haryana. The Company was incorporated to takeover the business of a partnership firm named 'Sanco Plastic Industries' in which Mr. Sanjay Gupta and Mr. Jai Pal Singh Shishodia were partners. The partnership firm which was in the manufacturing of PVC Compounds since 1986 was taken over by way of an Agreement dated April 1 1989 (Business Transfer Agreement) on a going concern basis. Thepartnership concern was thereafter dissolved by way of another agreement dated April 1 1989. Subsequently on April 09 2008 the name of the Company was changed to Sanco Industries Private Limited and a fresh certificate of incorporation was issued by the ROC Delhi & Haryana. Further on June 03 2008 the Company was converted into a public limited company under the name of Sanco Industries Limited and fresh certificate of incorporation was issued by the ROC Delhi & Haryana under the provisions of Section 23(1) of the Act.We started the manufacturing in the year 1989 by manufacturing of PVC Compound with a production capacity of about 3000 M.T. per Annum. In the year 1991 we started manufacturing of PVC Conduit Pipes & PVC Profiles with a capacity of 3000 MT per annum. We ventured into the manufacturing of PVC Insulated Wires & Cables with a manufacturing capacity of 6000 K M per annum in the year 1995 which was later increased to18000 KM per annum in the year 2007. Subsequently in the year 2008 we diversified the manufacturing line from electrical products to sanitary products to reduce market risk and introduced PVC/PPR Plumbing Pipes in our products list with a capacity of 3240 MT per annum. The pipes manufactured by the Company suits the requirements of application in electrical installation railways agriculture potable water supply schemes sewage and drainage systems construction industry telecom industrybore well for underground water suction etc.Major events in the History of the Company1986 - M/s Sanco Plastic Industries formed as a partnership between Mr. Sanjay Gupta and Mr. Jai Pal Singh Shishodia as partners1989 - Incorporation of Sanco Plastic Private Limited to take over the business of M/s Sanco Plastic Industries - Business of the partnership firm M/s Sanco Plastic Industries taken over by Sanco Plastic Private Limited1997 - Received its ISO certification along with relevant BIS mark for the products manufactured. - Won the best unit award in the zone for the year 1996-97 from Directorate of Industries New Delhi - Received the 'IS: 9537' certification for PVC pipes1999 - Received 'IS: 694' certification from PVC wires and cables 2002 - Obtained our first ISO 9002: 1994 certification - Registered as a member of Engineering Export Promotion Council2004 - Received the 'IS: 14927' certification for PVC Cable Trunking & Ducting System2007 - Upgraded to ISO 9001: 2000 certification2008 - Converted into public limited Company.2008 - Diversified our manufacturing line from electrical products to sanitary products to reduce market risk by introducing PVC/PPR Plumbing Pipes in its products list.2010 - Upgraded to ISO 9001: 2008 certification2013 - Received 'Certificate of Appreciation' for exemplary and outstanding achievement & adjudged as one among the top 100 SMEs of India for the period 2012-13 by Bank of India. - Formed a 100% subsidiary in the name of 'Sanjita Polymet Limited' in Hong Kong.