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History of Hindustan Adhesives Ltd.

The Comp. was promoted on 5.4.1988 by Shri L K Bagla & M.S Bagla for setting up of facilities for manufacture of Bi-Axially oriented Polypropylene Self-Adhesive Tapes [Original Installed capacity: 10 million sq.metrs.s] at Ghaziabad, U.P. & obtained certificate of commencement of business on 8.6.1988. The unit went into commercial production on schedule in october, 1989. The project cost was partly financed by term loans from PICUP & from UPFC.

In 1991, the Comp. enhanced its installed capacity from 10 million sq.mtrs to 19 million sq. mtrs again with the assistance from PICUP & UPFC.

Modernisation:

In 1992, the Comp. went for major modernisation-cum-expansion envisaging installation of imported Hot Melt Coating machine based on state-of-the art technology besides addition to the existing capacity by 33 million sq.mtrs. As a result, it became one of largest manufacturer of BOPP self-adhesive tapes with the total installed capacity of 52 million sq. mtrs. In July, 1993, the Comp. imported two machines for reduction in wastage under Equipment Finance Scheme of PICUP. The Comp. has implemented all its schemes in time.

Exports:

During 1992-93, the Comp. ventured into export market for first time & achieved a modest turnover of Rs.13 lakhs during the year. During the 9-month period ended December 31, 1993, the Comp. has exported goods worth over Rs.20 lakhs & has confirmed export orders to the tune of Rs.20 lakhs to be executed before March 31, 1994. In addition, the Comp. has MOU for export of Rs.180 lakhs to Gulf countries in next financial year. The quality of company product meet international standards.

Recently, the Comp. has launched a new brand of adhesive tapes in the name of 'BOSS'

Subsidiary Company:

The Comp. doesn't have any subsidiary

Promoters:

The Company Board comprises 6 Directors with Shri L K Bagla as Chairman & his son M S Bagla as Managing Director. Besides Smt. Anju Bagla & Shri Amal Bose are other directors representing promoters.