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Kriti Industries (India) Ltd. Company History and Annual Growth Details
The company belongs to the Kasta Group which is engaged in the manufacture of rigid PVC pipes and in Solvent Extraction. Kriti Agro & Plastic Industries Limited was incorporated on 12.3.90 as a Private Limited Company, which has subsequently converted into a Public Limited Company w.e.f. 10.6.92. Two other group Companies namely Kasta Extrusions Pvt. Limited and Purti Pipes & Processors Pvt. Limited have been merged with the Company w.e.f. 1.4.1990 as per the scheme of amalgamation approved by Hon'ble High Court of M.P. vide its order dated 31st March, 1992.
The Company has two divisions namely 'PLASTIC DIVISION' and 'SOLVENT DIVISION'. The Plastic Division of the Company is engaged in the production of rigid PVC pipes and had set up manufacturing facilities in 1986 at Pithampur near Indore with an installed capacity of 4320 TPA.
The Solvent Division of the Company is engaged in the production of Soyabean/Rapeseed Oil, De Oiled Cake by Solvent Extraction Process. The Company has set up a 300 TPD Solvent Extraction Plant at Dewas, 35 KM from Indore. The Plant has commenced commercial Production on 18th February 1993. In view of encouraging working of the unit and business potential in this industry, the Company has undertaken an expansion programme to enhance the capacity to 500 TPD.
Shri Shiv Singh Mehta, Managing Director of the company is the main promoter. It is also promoted by Shri Pravin Kasliwal & Shri Sajjan Singh Mehta.
Group Companies : The Company has two other associate concerns namely Shipra Pipes Pvt. Ltd. and Kasta pipes Pvt. Ltd. manufacturing Rigid PVC Pipes of diametres less than 110 mm, an activity reserved for the SSI segment. Shipra Pipes Pvt. Ltd. was incorporated on 30.12.1986 and Kasta Pipes Pvt. Ltd. was incorporated on 06.04.1989.
By way of special resolution on 23rd sept.1995 the company has changed its name to ' KRITI INDUSTRIES LTD'.
- The Company has splits its face value from Rs10/- to Rs1/-.