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Manugraph India Ltd. Company History and Annual Growth Details

The company was incorporated on 25th April, 1972 in Maharashtra.

The company was promoted by M/s Manubhai Sons & Company. It manufactures high speed printing machines and allied equipment.

In 1982-83, turnover of the company registered further improvement over the previous year, inspite of the world-wide recessionary conditions. The company took up production of demy and double demy sizes of automatic sheet fed offset machines and entered into foreign collaboration for the manufacture of high speed commercial web offset machines.

In 1983-84, sales declined due to continued demand recession mainly on account of curtailment in the purchases of printing machinery by government and liberal import of second-hand printing machinery.

The company started commercial production of sheet fed offset machines in medium size. In 1984-85, production of high speed commercial web offset machines Lirken-66-111 was started. In 1985-86, the company developed during the year sheet-fed offset machines 'Lirkon'

During 1989-90, the company registered satisfactory profits . During 1990-91, the company's profit improved by 21.63% as compared to the previous year.

VEB Polygraph Leipzing GDR is a technical collaborator of the company with Kovo of Czechoslovakia.

During 1989-90, the company entered into a technical collaboration agreement with M/s Soina offset AB, Sweden for the production of streamline series in India. The company is hopeful of rolling out its first machine by March/April 1992. The company proposes to change its name from the present to 'MANUGRAPH INDUSTRIES LIMITED'.

The company finalised a collaboration agreement with Plamag, GDR, for the manufacture of coroset machines. However, till the receipt of necessary approval from the Government for this collaboration, it was proposed to take up the manufacture of the same by utilising optimally the existing facilities.

Due to liberalisation, the company faces severe competition from cheaper imported second hand machineries.

2010

- Manugraph India Ltd has inducted Mr. Arun Kumar Puri as an additional Director of the Company in the Board Meeting of the Company held on August 11, 2010. Further he has been appointed as Whole-time Director (Works) with effect from September 11, 2010 subject to the approval of the members in the Annual General Meeting to be held on September 27, 2010.
 
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