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Daikaffil Chemicals India Ltd. Company History and Annual Growth Details

Daikaffil Chemicals India Pvt. Ltd. (Daikaffil) was
incorporated on 19th June 1992, by taking over a
partnership concern M/s. A. J.Chemical Industries belonging
to the Indian promoters, Mr. J. G. Patel and Mr. Amit Patel.
The partnership was in existence since October 1979.
Immediately after its incorporation, Daikaffil acquired all
the assets and liabilities of A. J. Chemicals at the book
value and allotted equity shares on 25th November 1992 for
a total value of Rs.24,29,000 as consideration. The Company
entered into a financial cum technical support arrangement
with Daika (Japan) Limited, a leading Japanese trading
house.

The financial participation and technical support
arrangement with Daika (Japan) had received approval from
the Secretariat of Industrial Approvals, Ministry of
Industry, Government of India, in October 1992 and Daika
(Japan) contributed 49% of the initial capital of Rs.50
lacs. Additionally, Daika (Japan) entered into an MOU with
Daikaffil for buy back of its entire production, after
approval, for the next ten years. The Company thus set up a
unit for manufacture of Di-nitro Stilbene (DNS) with a
capacity of 120 tpa. The unit commenced commercial
production in January 1993 and has already produced 160
tons of DNS as of 31st December 1994. This has been
exported to Daika (Japan) following approval from them
after comprehensive quality tests.

Given the success of its product, Daikaffil has decided to
expand and modernise the existing capacity of DNS and
forward integrate to manufacture Di-amino Stilbene
Di-sulphonic Acid (DASDA) and Optical Brightening Agents
(OBA). Daikaffil has been converted into a public limited
company vide special resolution passed at its EGM held
on 23rd December 1994 and approval for change of name
to Daikaffil Chemicals India Limited has been received on
10th January 1995. The Company has not received a
Certificate of Commencement of Business as it was
incorporated as a private limited company.

The Company has not faced any labour problems/defaults/
litigations that have resulted in closure or suspension of
business activities in the past.


2008

-Daikaffil Chemicals India Ltd has appointed appointed Mr. Giuseppe Seccomandi, an Italian National, as Additional Director of the Company.s
 
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