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History of Tirupati Industries [Indias] Ltd.

BRIEF HISTORY OF COMPANY

The Comp. was incorporated as private limited Comp. on 18th July, 1973 & it became a public limited Comp. on 10th September, 1985. It was promoted by R.A. Sheth & F.C. Karani & their associates. The main object & activity of Comp. is manufacture of solvent extracted oils & toilet soaps. The extracted oils include soyabean oil, rice bran oil, sunflower oil, Kardi, groundnut oil, neem oil, coconut oil & other mineral oils such as mango, kokum sal, etc. The toilet soaps of Comp. are sold under the brand names of SAPNA, GEM, & BEL. The Comp. also carries on trading in yarn, pulses, diamonds, chemicals & rice. In 1975, the Comp. set up a modern solvent extraction plant with an installed capacity of 100 tonnes per day in the MIDC area at Taloja in district Raigad in Maharashtra. In 1981, a vegetable oil refinery with an installed capacity of 25 tonnes per day was commissioned. As a measure of diversification, the Comp. set up a soap manufacturing plant with a capacity of 7,200 tonnes per annum. In 1985-86, the manufacture of industrial hard oils commenced. In 1986-87, the Comp. commenced production of methyl esters & glycerine & export of methyl esters. SAPNA Shikakai soaps were also introduced. During 1987-88, the Comp. commenced manufacture of premium toilet soap FANTASY. During 1990-91, the Comp. made a reference to the Board of Industrial & Financial Reconstruction as required under the Sick Industrial Companies [Sp. Provisionss] Act, 1985.

There has been a change in accounting year from 31-03-94 to 30-09-95.