Shankara Building Products Share price

The Company was originally incorporated as Shankara Pipes India Private Limited on October 13 1995 at BengaluruKarnataka India as a private limited company under the Companies Act 1956. Subsequently the Company was converted to a public limited company and a fresh certificate of incorporation consequent upon conversion to a public limited company was issued by the RoC on August 28 2007 in the name of Shankara Pipes India Limited. The name of the Company was subsequently changed to Shankara Infrastructure Materials Limited and a fresh certificate of incorporation consequent upon change of name was issued by the RoC on March 25 2011. The change of name of the Company from Shankara Pipes India Limited to Shankara Infrastructure Materials Limited was undertaken to replicate the business focus of offering infrastructure materials to the customers. Thereafter the name of the Company was changed to Shankara Building Products Limited and a fresh certificate of incorporation consequent upon change of name was issued by the RoC on July 27 2016. The change of name of the Company from Shankara Infrastructure Materials Limited to Shankara Building Products Limited was consequent to the shifting focus from offering a range of infrastructure materials to offering to a wider product range of building products to the customers. Major events and milestones of the CompanyThe table below sets forth the key events in the history of the Company:1995-Incorporation of Company2002-Received ISO 9001: 2008 certification from NQA2003-Opened an integrated warehousing facility of 55000 sq. ft. at Veerasandra Bengaluru-Achieved Rs. 1 billion turnover2006-Commenced retail operations by opening the first retail store in Bengaluru2007-Commenced retail operations in Gujarat and Goa2008-Commenced retail operations in Odisha2009-Achieved Rs. 1 billion turnover in the retail segment2010-Acquired the precision tube processing unit in Bengaluru through acquisition of VPSPL2011-Raised private equity investment of Rs. 800 million-Constructed a processing facility in Hyderabad-Achieved Rs. 10 billion + turnover2013-Acquired a roofing products company – CRIPL-Commenced retail operations in Puducherry2015-Launched own private label brands – Taurus Prince Galva Plus and Loha-Crossed Rs. 6 billion turnover in the retail segment in Financial Year 2015 accounting for 31.00% of overall revenues of the Company-Added new product category of water tanks-Listed among the top 200 best unlisted Indian companies by Business Standard2016-Achieved Rs. 20 billion + turnover-Added new products categories – cement tiles scaffolding and solar products-Crossed Rs. 8 billion turnover in the retail segment accounting for 39.68% of overall revenues of the Company-Commenced operations at the 100th retail store Awards and AccreditationsWe have been given the following awards and accreditations:2002-Commendation award for highest sales by Tube Products of India-Best Performance Award (STP) by Tata Pipes2005-‘Emerging India Award’ in the category ‘Retail & Trade’ by CRISIL ICICI Bank & CNBC TV-J N Tata Award as the best Distributor 2004 - 05 by the tubes division of Tata Steel Limited2008-Star Retail Distribution Category A for 2007 - 08 by Tata Pipes2010-Certificate of excellence for winning a place in the Platinum Tier by Astral2012-‘Star Performer – Irrigation’ Award by Tata Steel Tubes SBU2013-Gold Distributor 2012 - 13 by Astral2015-Star Performer (II) – Karnataka and Andhra Pradesh for ERW Pipes and Tubes by Jindal Pipes Limited and MaharashtraSeamless Limited2016-Best Emerging Dealer in Bengaluru 2015 - 16 by Johnson