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History of Orient Press Ltd.

Orient Press Limited [OPLs] was incorporated on January 2, 1987 as a private limited Comp. & was converted into public limited Comp. by a special resolution dated December 14, 1990 & fresh Certificate of Incorporation was obtained from the Registrar of Companies, Maharashtra at Bombay on February 5, 1991. The Comp. has since become a subsidiary Comp. of M/s Madhuban Lending & Holdings Ltd.by virtue of provisions of Section 4[1s][Bs][iis] of Companies Act, 1956 during the year ended March 31, 1991.

OPL commenced its operations during mid 1987 & concentrated on the specialised area of printing & distrbution of public issue stationery. Within two years of commencement of operations, OPL attained number one status in the field of printing stationery for public issues.

The Comp. has installed modern muticolour high speed web offset printing machines & other ancillary machines like automatic slitting, cutting, photo-typesettting, micro proces controlled camera unit, ensuring complete inhouse facilities for all process requirements of quality printing. In view of this the Comp. is able to consistently produce quality printing.

The Comp. has also developed an efficient distrbution network. Unlike other printing jobs, capital issue printing demands a highly organised delivery system, to distribute large quantity of stationery across the country within a short stipulated time. OPL, which has been particularly coscious of this critical need, has geared itself up with adequate infrastructure. Its acknowledged capability in this area has enhanced its business operations & client goodwill.

The Comp. commenced its printing operations with an installed capacity of 398.88 million impressions per annum [mipas]. During the last two years the printing capacity of OPL fell shot of peak requirements thereby necessitating sub-contracting of jobs occassionally. To overcome the shortcomings associated with sub-contracting like inferior quality, delays in delivery etc & also to meet the increasng demand, OPL recently implemented an expansion programme & increased its intalled capacity from 398.88 mipa to 858.24 mipa details of which are given earlier.

1996-97: The Comp. retained the leadership position by becoming the first ranking printer by issue amount. The Comp. has garnered 72.6% of aggregate public issue amount offered during the year. The Comp. has achieved it for 8th consecuting time.

During the year, the Paper Board Carton Unit set up by Comp. at Silvassa commenced commercial operations in January 1997. Within six months, the Comp. has bagged prestigious clients like Hindustan Lever, Amul, Tata Tea, Tata International, J K Chemicals, Heinz Ltd., Balsara Hygiene etc. The unit specialises in line cartons besides multicolour cartons, display cartons & cartons with microflutting.