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Mold-Tek Technologies Ltd. Company History and Annual Growth Details

YEAR EVENTS
1985 - The Company was incorporated as private limited company. It
started it's commercial production in 1987. In 1992 the company
was converted into a Public Limited Company and tapped the
capital market for the first time on November 19th, 1993.

- Mold Tek Plastics is a listed Company on the Bombay, Hyderabad
and the Calcutta exchanges.

- The company is engaged in manufacturing and marketing of
injection moulded plastic containers and components. It also
undertakes Precision machining jobs.

- Mold Tek's main products can be classified into 2 types, the
small size items like Vicks containers, Inhaler tubes,
accessories, small size jars for ointments and a variety of
large containers ranging from 0.5 litre to 22 litres for
packing various items like paints, adhesives, lubricants,
chemicals etc.

- Mold Tek has recently introduced the concept of Air tight and
Pilfer Proof containers used extensively in the developed
countries for packing various items like paints, lube oils,
adhesives, chemicals, food products, and spices.

1995 - The Company has introduced new products like containers with
"flex spout" for packing liquids for which the Company has
already received trial orders from IOCL, HPCL, Veedol & Tafe.

- Moldtek has entered into a MOU with M/s Jay Care of John
Waddington group, U.K. a major health care plastic container
manufacturer supplying to all leading European Pharma Companies.

- Moldtek has already introduced the new concept of "Flex spout"
Caps suitable for packing liquids.

1997 - The Company has entered into a technical and marketing tie-up
with the Thailand-based Poranunt Co. Ltd, which has patents for
making triple lock system containers.

1998 - The Company has entered into a technical agreement with
M/s. Poranunt Co., Bangkok, Thailand for manufacturing Triple
Lock Pails in India.

- The Company has also introduced containers suitable for
edible oil pack.

1999 - Mold-Tek entered into an exclusive agreement with M/s. Castrol
India Ltd. for the supply of 10 and 20 litre pail packs.

- The Company has also introduced 7.5 litre pack which is also
expected to step up turnover in near future.

- Mold-Tek has recently introduced 'Double Step Cap System' for
pails (Suraksha Chakra) offering safety of content.

2000

-Mold-Tek Technologies Ltd., in association with Quark Infotech Pvt. Ltd. has launched its education portal, PadAyi.com.

-Mold-Tek Plastics Ltd (MPL), one of the leading plastic pail packing companies in the country, has signed exclusive contracts with Castrol, Tata BP and Asian Paints for the supply of superior quality plastic containers.

-Mold-Tek Plastics, ties up with Quark Infotech (QIPL), an internet start-up to diversify into e-commerce and internet solutions development.

-A MOU was signed for taking over of a Chicago (USA) based software company engaged in development, onsite consulting & training as a wholly-owned subsidiary.

-The Company has acquired the US-based American Consulting Corporation in a cash and equity deal amounting to $0.5 million.

-The Company has entered into agreement with NSDL and CDSL.

-Mold-Tek Technologies Ltd (MTL) is in the process of signing a Memorandum of Understanding (MoU) with a Detroit-based company on a long-term relation basis.

2003

-The members have approved to delist the equity shares from Hyderabad & Calcutta Stock Exchanges.

2005

- The Company through its BPO division enters into an agreement with M/s. HBK Health Solutions located at Oklahoma, USA for rapidly growing its healthcare BPO operations.

-Mold-Tek Technologies sets up Legal Data support services

2006

-Mold Tek Technologies has recommended a final dividend of 10%

2008

-Mold Tek has signed an irrevocable MOU with the Promoters of M/s. RMM Global LLC., Akron, OHIO- USA and it associate Company M/s. Technet Engineering Services Pvt., Ltd., Thane, Maharashtra, India for 100% acquisition of both these Engineering KPO Companies.

2009

-Mold Tek Technologies has recommended a final dividend of 20%

2010

-Moldtek Tech Signed Long Term Contract with Norvey based Clients

-Mold Tek Technologies Ltd signs MOU with M/s. Vijay Nirman Company Pvt. Ltd., to takeup EPC Projects

2011

-The Company have achieved a major breakthrough in Automobile Engineering KPO Services from reputed European company.

2012

-The company has Recommended final dividend of Re. 1/- per Equity Share (i.e., 10%)

2013

-The company recommended final dividend of Rs.1.20 ps. per Equity Share (12%).

-The Company received its 1st trial order contract from an Ireland based Company.

2014

-The Company has signed Preferred Vendor Agreement with CCL- Ireland to execute projects in Salesforce.com.

-The company has has recommended Final Dividend of Re. 0.80 ps. Per Equity Share (8%).

2015

-Mold-Tek Technologies Ltd, an Engineering Wing of Mold-Tek Group has entered into a long-term business relationship with a European client to work on a product development project based on Salesforce.com cloud computing technology.
-Mold-Tek Technologies Ltd has set up an Off-shore Development Center (ODC) for a German based platinum partner of Salesforce.com.

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