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Gravita India Ltd. Company History and Annual Growth Details

Our Company was originally incorporated as Weldtech Private Limited in the State of Rajasthan on
August 4, 1992 under the Companies Act, 1956 vide certificate of incorporation issued by Registrar of
Companies, Jaipur.. The name of the Company was changed to Gravita India Private Limited with effect
from August 2, 1996 and subsequently company was converted into Public Limited vide a fresh certificate
of incorporation dated 13th August, 1996 from Registrar of Companies, Jaipur.

We started our business with welding and surface coating and were appointed as stockist of Eutectic
Division of Larsen and Toubro for state of Rajasthan. Later we entered into arena of manufacturing of Lead
products from the battery scrap and set up a manufacturing unit at Jaipur with a capacity of 600 MT per
annum. In the year 1996-97 with the objective of forward integration the company diversified into Grey
Oxide, Litharge and Red Lead. During the year 2000 there was change in the duty structure of import and
export of lead products which badly affected the health of the secondary lead producers and we were part
of the same. The company had to stall its operation on account non-repayment of dues to banks but
revived its operation in the year after the settlement of the same. Since 2005 the Company has taken the
adequate measure to diversify the product range and expand its market to insulate itself from changes in
regulations and duty structures. Also the strategy to built plants in different locations globally and service
local markets as well as source raw material from different parts of the world has created a strong
foundation for the Company.

Presently, we are an ISO 9001:2008 and ISO 14001:2004 certified company and a certified 'Star Export
House' by Director of Foreign Trade, India under Ministry of Commerce and Industry with a wide range
of lead products. We also have the ability to set up turnkey plants through our subsidiary, Gravita Exim
Limited which has gained substantial experience by executing 27 projects in 21 countries.

MAJOR EVENTS

1992-93
Incorporation of Company as 'Weldtech India Private Limited' to start business of
welding technology and powder metallurgy of surface coatings

1992-93
Appointed as stockiest for Eutectic Division of Larsen and Toubro for the
State of Rajasthan

1994-95
Acquired land in Jaipur and set up of an environment friendly recycling
operation of battery scrap to produce remelted lead and poly propylene
chips with capacity of 600 MT.

1996-97
Changed its name to Gravita India Pvt. Ltd and then later converted into
Public Limited Company

1996-97
Ban on import of battery scrap by Government of India

1997-98
Diversified into manufacturing of Pure Lead

Installation of new plant for manufacturing of Grey oxide, Red Lead and
Litharge

1999-00
Reduction of import duty structure on import of litharge from 35% to 5%
made the lead manufacturing environment non-viable

First export of the Company

2000-01
Default on payment of loans to bank resulted in Lock Out for five years

2005-06
Settlement of Outstanding with Banks

Re-commencement of business operation

2006-07
First Subsidiary of the Company

Crossed Turnover of Rs.20 crores

2008-09
Acquired Gravita Exim Limited a group company dealing in turnkey
solutions for lead processing plants.


2008-09
Crossed Turnover of Rs.50 crores

2009-10
Crossed Turnover of Rs.100 crores

MAJOR AWARDS AND RECOGNITION

2007
Certified ISO 9001:2000 by Bureau Veritas Certification (India) Pvt. Ltd

Certified ISO 14001:2004 by United Registrar Systems Limited (India)

Gravita Exim Limited awarded Niryat Shiromani Puruskar

2008
Associate Member of the Federation of Indian Chambers of Commerce and
Industry

Presented Technical paper on battery recycling in conferences of India
Lead Zinc Development Association at Hyderabad, Mumbai, Delhi and
Jaipur

2009
Received Certificate of Recognition as 'Star Export House' issued by
Office of the Joint Director General of Foreign Trade

2010
Certified ISO 9001:2008 by Bureau Veritas Certification (India) Pvt. Ltd.
 
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