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India Glycols Ltd. Company History and Annual Growth Details

1983 - India Glycols Ltd was incorporated at New Delhi on 19th November
as a public limited company as `U.P. Glycols Limited' and
obtained the Certificate of Commencement of Business on 3rd
February, 1984. The company was promoted by Vam Organic
Chemicals Ltd. The company manufacture mono-ethylene glycol
(MEG), diethylene glycol (DEG) and triethylene glycol (TEG).

- The company entered into a technical know-how agreement with
`Scientific Design Company Inc., USA (SD) for the supply of
process know-how only for the conversion of ethanol into MEG as
the promoter VAM agreed to advise free of cost on the conversion
process of molasses into ethanol.

- The company also entered into an agreement with Toyo Engineering
India Ltd., for implementing the project within guaranteed cost
and time limit.

1986 - The name of the Company was changed to `India Glycols Limited'
effective from 4th September.

1988 - 70 shares subscribed for by the signatories to the Memorandum of
Association. 244,99,930 shares then issued at par of which
84,69,930 shares to promoters, directors, etc., and Vam Organic
Chemicals Ltd., and its wholly owned subsidiaries and 25,00,000
shares to shareholders of Vam Organic Chemicals Ltd., Ramganga
Fertilisers Ltd., and Hindustan Wires Ltd., were reserved and
allotted. Out of the remaining 135,30,000 shares, the following
shares were reserved for preferential allotment: (i) 15,00,000
share to UTI, (ii) 7,50,000 shares to SBI Capital Markets Ltd.,
(iii) 30,00,000 shares to NRIs on repatriation basis, (iv)
2,50,000 shares to business associates, (v) 10,00,000 shares to
farmers and rural investors and (vi) 12,25,000 shares to
employees/workers of the company as also of the Vam Organic
Chemicals Ltd. (Except 12,01,100 shares of the employees quota
all shares taken up.) The balance 58,05,000 shares along with
12,01,100 shares not taken up by employees were offered to the
public in July 1988.

- Additional 33,82,500 shares allotted to retain oversubscription
(7,50,000 shares to NRIs, 62,500 shares to business associates,
8,12,500 shares to farmers and 17,57,500 shares to public).

1990 - The Company received approval for expanding the MEG capacity upto
60,000 MT per annum. The Company proposed to diversify into the
field of Ethylene Oxide (EO) derivatives and had received letter
of intent for the manufacture of 1000 MT per annum of EO

1991 - Steps were initiated to undertake divesification programme to
manufacture Ethylene Oxide condensate/derivatives. The Company
undertook the expansion of effluent treatment and Biogas
generation facilities.

1992 - The Capacity of MEG was enhanced to 25,000 tonnes per annum.

1995 - The company had tied up with Sanyo Chemical Industrial
Surfactants Covering major industries like textiles, toiletries,
pharmaceuticals, agrochemicals, paper, lubricants etc.

- The Company also proposed to set up facilities for
chlorosulphation to produce other speciality chemicals to
maintain better quality standards.

1996 - The Company was implementing cholorosulphation project.


The Board of Directors at their meeting held on December 4, 2003 have approved the merger of wholly owned subsidiary company CDS International Ltd with the company.

The Board of Directors at their meeting held on December 4, 2003 have approved the merger of wholly owned subsidiary company CDS International Ltd with the company.


- India Glycols Ltd has informed that the Board of Directors of the Company at its meeting held on July 30, 2009, has appointed Shri. Rakesh Bhartia as Chief Executive Officer of the Company.


- India Glycols Ltd has appointed Shri Jitender Balakrishnan as Additional Director of the Company w. e. f. August 13, 2010 who shall hold office till the conclusion of Next Annual General Meeting of the Company.


-India Glycols Ltd has that the Biomas based Cogeneration Project activity taken up by India Glycols Ltd. at its Gorakhpur, U.P. plant is successfully registered under Clean Development Mechanism (CDM) project by United Nations Framework Convention.


-India Glycols Limited’s National Long- Term rating to 'Fitch A-(lnd)' from ‘Fitch BBB+(ind). The Outlook is Stable.

-"Business Leader of the year- Innovation".

-India Glycols honoured with the silver award for being one of the highest foreign exchange earners in the Chemicals, Drugs, Pharma and allied sector.
-India Glycols has been awarded The ICONIC IDC Insights Award in the manufacturing and logistics vertical.

-Soulmate Premium Whisky won the Gold Award at Monde Selection 2015 for its logo
-Organisation International Institute for Quality Selections
Oct 21, 12:00 am
Oct 21, 4:14 pm
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