Enter the first few characters of Company and click 'Go'

Axtel Industries Ltd. Company History and Annual Growth Details

Back Ground:- Advanced Extrufoil Technology and Exports Ltd (AXTEL), a Baroda based company is incorporated on 24th June 1975. On 8th December, 1992, AXTEL entered into the capital market with a public issue of Rs.61.25 lach equity shares. The company started its commercial production in the first quarter of 1993.

Project:- AXTEL is in the field of providing plants and know-how on turnkey basis for Food and Feed processing Industries for manufacturing electro deposited copper foils for Printed Circuit Boards. They also supplying material handling and process equipment for the Chemical, Food and Sugar Industries.

Equity Participation:- 42% of the equity is holding by NRIs. 41% by Indian Public and remaining 17% by the Promoters and Employees.

Group Companies:- Promoters already having two existing companies -
Advanced Foil Exports and Age Technologies (P) Ltd.

Technical Collaboration:- AXTEL has a technical collaboration with Advanced Foil Technologies, USA. However, company has not yet set up any plant based on their technology and no steps have taken towards technology absorption.

Competitors:- In the field of Electro Foils, Gould Inc, USA, Yates and Mitsui (Japan) are the 3 major world competitors for the AXTEL. Earlier as a technology supplier, Advanced Foil supplied its technologies to 2
other Indian companies. They are Pratap Rajasthan Copper Foils & Laminates Ltd, Rajasthan (presently a BIFR refered company) and Indian Galvanics Cyriam Foils Ltd, Gandhinagar in Gujrath (nearing completion).

Export Strategy:- Earlier, AXTEL was planned to export 76% of its production because the product has a large demand in the International Market. But AXTEL failed to get regular export orders and presently it has no major export orders in hand.

Raw-Material:- The major raw materials for its products are mild steel, stainless steel, sheets, bars, cirles and box angles of various sizes. Major suppliers are TISCO and IISCO.

2008

-E-mail ID for Investors Complaints : [email protected]

2014

-"Axtel participated in International FoodTec India 2014 at Bombay Exhibition Centre."

2015
-Axtel Participated in International FoodTec India

2016
-Axtel's Cryogenic Grinding System at Rakesh Masala (Kanpur) produces top quality aromatic spices with maximum hygiene

2019
-Axtel Participated In The International FoodTec Exhibition

2021
-Axtel Appears In Forbes List Of Top 200 Listed Companies In Asia-Pacific Region
-Haldiram Nagpur Sets Up A State-of-the-Art, Completely Automated Processing Unit For Making Spice-Blends And Seasonings

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article