|Our company was incorporated as private limited company under the name 'Euro
Ceramics Private Limited' vide Certificate of Incorporation no. U 26914 MH 2002
PLC 135548 dated April 16, 2002 with the Registrar of Companies, Maharashtra, at
Mumbai. Our Company subsequently became a public limited company on
November 16, 2004 under the name 'Euro Ceramics Limited' having its registered
office at Boston House, Ground Floor, Suren Road, Chakala, Andheri (East),
Mumbai - 400 093, Maharashtra. The Promoters of our Company are Mr. Nenshi L.
Shah, Mr. Talakshi L. Nandu, Mr. Kumar P. Shah and Mr. Paresh K. Shah.
After the devastating earthquake of January 26, 2001 in Kutch Region of Gujarat,
we decided to establish manufacturing facilities for Vitrified Ceramic Tiles and
Aluminium Extruded Sections at Bhachau, Kutch. The major Plant & Machinery
required for manufacturing Vitrified Ceramic Tiles were imported from SACMI, Italy.
The first line for manufacturing Vitrified Ceramic Tiles with an installed capacity of
35,880 MTPA commenced operations in October 2003 along with manufacturing
of Aluminium Extruded Sections with installed capacity of 1,800 MTPA.
During July 2004, considering the growing demand for our products, we decided
to install a second line for manufacturing Vitrified Ceramic Tiles with an installed
capacity of 44,091 MTPA, for which, once again we entered into a contract for
supply of major Plant & Machinery with SACMI, Italy. The second line for
manufacturing Vitrified Ceramic Tiles commenced operations in December 2005.
The manufacturing facility for Vitrified Ceramic Tiles is ISO: 9001 certified. Our
Vitrified Ceramic Tiles have got the approval from reputed technical Institutions like
Veermata Jijabai Technological Institute (VJTI), Mumbai and Applied Consumer
Services Inc., Finland, U.S.A.
During February 2005, we started operations of Jewellery Division. In June 2005,
Joint Director General of Foreign Trade, Government of India, accredited us as
One Star Export House. During November 2005, we discontinued our operations
of Jewellery Division. On December 30, 2005, Euro Merchandise (India) Limited,
became our subsidiary, which is engaged into business of trading of wall and floor
tiles, which include varieties like ceramic, glazed porcelain and rustic tiles. During
March 2006, we commenced a 10 MW lignite based captive power plant and in
August 2006, we also commenced a Gasifier for generating gas in order to reduce
fuel costs and to achieve self Sufficiency for gas.
April 2002 Incorporated as private limited company
June 2002 Entered into a contract for supply of major Plant & Machinery from
October 2003 Commencement of operations of first phase of Vitrified Ceramic Tiles
and Aluminum Extruded Sections
December 2003 Quality certificate for our product received from VJTI, Mumbai
April 2004 ISO 9001:2000 certification for our manufacturing facilities.
July 2004 Entered into a contract for supply of major Plant & Machinery and
technical assistance from SACMI, Italy for expansion
November 2004 Quality approval of our product from Applied Consumer Services Inc.
November 2004 Converted into a public limited company
February 2005 Started operations of Jewellery Division.
June 2005 Accredited as One Star Export House by Joint Director General of
Foreign Trade, government of India.
November 2005 Discontinued operation of Jewellery Division
December 2005 Commencement of Commercial Production of expanded capacity
of Vitrified Ceramic Tiles
December 2005 Euro Merchandise (India) Limited became a subsidiary of our Company
March 2006 Commencement of 10 MW lignite based captive power plant