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Everest Kanto Cylinder Ltd. Company History and Annual Growth Details

Everest Kanto Cylinder Limited was incorporated as Everest Kanto
Cylinder Private Limited on 24th June 1978 under the Act. The
company was promoted jointly by the families of Khuranas and
Thakkar, both the families having trading background in High
Pressure Seamless gas cylinders. Being conversant with the
market, they identified a gap in the small cylinders market segment
in the country, and jointly decided to put up a cylinder manufacturing
unit in the year 1978. Later on, Mr J. T. Thakkar and family withdrew
from the business and transferred his interest to Mr P. K. Khurana in
September 1983.

Due to the aggregate turnover exceeding the prescribed limits, the
Company became a deemed public company as per the provisions
of the Act, namely section 43A of the Act in July 1, 1989.
Subsequently, due to the amendment effected to the said Section
43A of the Act, the Company reverted to being a private limited
company. On June 7, 2005, the company was converted into a
public limited company and received fresh Certificate of Incorporation
consequent to change of name to Everest Kanto Cylinder Limited.

The first manufacturing facility suitable for manufacturing small sized
seamless cylinders of water capacity (1 to 21 litres) was set-up in
collaboration with Kanto Koatsu Yoki Manufacturing Company, a
Japanese cylinder manufacturer at Aurangabad in the year 1978.
Later, EKC expanded its manufacturing capacity with in house
technology by setting up a new facility at Tarapur in the year 1985
to manufacture large sized cylinders of higher water capacities (21
to 80 litres) which was later expanded to manufacture the widest
range of High Pressure Gas cylinders with water capacity up to 280
litres and capable of withstanding extreme working pressure of upto
400 Bar. In order to tap the emerging potential for cylinders in
markets like Iran, Pakistan, Bangladesh etc, EKC set up a new state
of the art manufacturing facility at Dubai, which has gone into
commercial production during 2003-04. Dubai plant has been set
up in the Jebel Ali Free Trade Zone Area and functions as a Branch
office of EKC under the operating name of EKC Industries. In sum,
the company has state of the art manufacturing facilities at Aurangabad,
Tarapur and Dubai (UAE) and manufactures its cylinders from seamless
tubes of international quality.

2007

- The Company has splits its face value from Rs10/- to Rs2/-.
 
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