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History of Hindustan Photo Films Manufacturing Comp. Ltd.

YEAR EVENTS 2000 - The Board for Industrial & Financial Reconstruction has issued a show cause notice for winding up the ailing public sector Comp. Hindustan Photo Films Manufacturing Ltd.

2001

-The Management of HPF seeks for financial restructuring with a total package worth of Rs.1350cr.

-HPF, in Udagamandalam has managed against all odds to achieve a 8.5% increase in its turnover during the first half of current fiscal.

-Parliamentary committee asked the government to immediately begin the revival of ailing the Hindustan Photo Films before its divestment.

2002

-Hindustan Photo Films has launched newer products like Digital Imaging Films[DIFs] for medical diagnostic system, ink-jet papers of photographic quality & film for laser printing industry.

-Board for Industrial and Financial Reconstruction has asked the HPF Co & its promoter, the Union government to submit a fully tied-up rehabilitation proposal to ICICI.

-HPF Co Ltd has defaulted in the payment of provident fund dues to the tune of Rs.5.3crs. And has topped the list of defaulters.

2003

-The Board for Industrial &Financial Reconstruction has ordered for closure of Hindustan Photofilms Mfg Co. Ltd.