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Gujarat Foils Ltd. Company History and Annual Growth Details

1992 - Gujarat Foils Ltd was incorporated for manufacturing of aluminum rolled products and promoted by Mr Promod Kumar Jain.

1994 - The company started commercial production of aluminum rolled products.

1995 - The company entered into the capital markets by an IPO, which was oversubscribed.

1997 - For the company, marketing strengthened with the help of qualified staff and experts and also the company's policy to sell through consignment agency.

1999 - Modernization and atomization occurred into the plant.

2000 - The company entered into the international market through the export.

2002 - The company started producing the thinner foil for tagger and pharma grade and with this expands its product range.

2008 - The board of directors of the company had decided to re-issue 32,63,140 forfeited shares of the company at Rs 35 per share to Shri. Abhay Lodha, Shri. Ashwin Lodha and their associates.

- An adjustment of Rs. 300 was received as interest which was credited to allotment money.