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Ganesha Ecosphere Ltd. Company History and Annual Growth Details

M/s. Ganesh Polytex Ltd. (GPL) is a widely held listed company at BSE, incorporated on 30.10.1987 and it commenced commercial production during 1988 to produce Dyed & Doubled Yarn at Raipur (Rania), Kalpi Road, Kanpur Dehat (U.P.) with an installed capacity of the plant at 391 tpa and 360 tpa respectively. During 1995 it diversified into the business of manufacturing Recycled Polyester staple Fibre (Green Fibre) through recycling of post-consumer pet bottle waste. The plant and technology was imported from Korea and the initial capacity was of 6000 tpa, which was increased to 10800 tpa through expansion and debottlenecking.

1987-88
Incorporation and commencement of business

1989
Creation of Dyeing and Doubling facilities for 360 tpa

1991
First public issue of 2.10 lacs shares and Capacity expansion Dyeing 1080 MT

1992-93
Creation of Texturizing capacity - 216 spindles

1993-94
Rights issue of 34.50 lac shares

1994-95
Expansion of Dyeing capacity to 1150 tpa, Texturizing capacity 432 Spindles and creation of Recycled PSF capacity of 6000 tpa

1996-07
Expansion of Dyeing capacity to 1800 tpa and recycled PSF to 10800 tpa. Equity Capital expanded to Rs. 9.37 crore

2007-08
Set up Rudrapur Unit for recycled PSF with an capacity of 21600 tpa and expanded dyeing capacity to 2400 tpa.

2008-09
Expanded Capacity of Kanpur Unit for RPSF to 18000 tpa. Equity Capital expanded to Rs. 9.87 Crore

2009-10
Expanded Capacity of Rudrapur Unit by 18000 tpa. Equity Capital expanded to Rs. 12.32 Crores

Designation as STAR EXPORT HOUSE by the Ministry of Commerce & Industry.

2010-11
ICAI awards 'Silver Shield' for excellence in Financial Reporting.

IFCI Venture Capital Funds Ltd. under its Green India Venture Fund, has subscribed to 1.5 million Optionally Convertible Debentures.

2011

-Company has changed its name from Ganesh Polytex Ltd. to Ganesha Ecosphere Ltd.

-The Company recommended Dividend of Rs. 1.20 per share (i.e. @ 12%) on Equity Shares of Rs. 10/-

-CAI awards Ganesh Polytex for financial transparency.

2012

-The Company recommended Dividend of Rs. 1.20 per share (i.e. @ 12%) on Equity Shares of Rs. 10/- each.

2013

-The Company recommended Dividend of Rs 1.20 per share (i.e. @12%) on Equity Shares of Rs. 10/- each.
-Ganesha Ecosphere begins commercial production at Temra and Kanpur.

2014

-The Company recommended Dividend of Rs 1.20 per share (i.e. @ 12%) on Equity Shares of Rs. 10/- each.
-Ganesha Ecosphere commenced commercial production of Recycled Polyester Staple Fibre (RPSF) has been started at the Company’s unit situated at Temra, Bilaspur.

2016
-Ganesha Ecosphere Ltd has titled "Winner of EMPEA Sustainability & Operational Excellence Challenge".

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