The Comp. was incorporated as Public Limited Comp. on 14th September, 1989 at New Delhi & obtained Certificate of Commencement of Business on 29th January, 1990. The Company's application for change of Registered Office to the State of Karnataka is pending with the Comp. Law Board, Northern Region, Delhi.
The project, appraised by The Industrial Credit & Investement Corporation of India Limited, is to set up facilities for a 100% Export Oriented Unit at SIPCOT Industrial Complext, Hosur in Tamilnadu, for manufacture of Polished & Flame finished tiles of varied colours & sizes, with a licensed & installed capacity of 1,44,000 sq.mtrs. per annum.
The Comp. has no subsidiary, at present.
The Comp. has been promoted by Mr A K Agarwal, Mr Sunil Kumar Garg & Mr Neeraj Gupta. Mr A K Agarwal, an entrepreneur, who is a graduate in Arts & Law, is the Promoter Director of Ankit Glass Industries Pvt. limited which is engaged in the manufacture of glass ampoules for Pharmaceutical Industry for last 9 years. This unit supplies the ampoules to reputed pharmaceutical companies such as Ranbaxy Laboratories Ltd., Kerala State Drugs & Pharmaceuticals limited etc. & has achieved a turnover of Rs. 83 lacs for year 1990-91.