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NTC Industries Ltd. Company History and Annual Growth Details

HISTORY OF THE COMPANY

The Company was incorporated on November 15, 1991 as R.D.BUILDERS & DEVELOPERS LIMITED and it received certificate for Commenoement of Business on December 18, 1991. 1st name was changed to RDB Industries limited on 1st August, 1994.

The Company was incorporated with the main object of real estate development. The Company took over business of the firm M/s. R.D.BUILDERS'as a going concern with effect from the close of 3Oth April, 1992. The Company has constructed various buildings in and around Calcutta.

In April, 1994, the Company had taken over the assets of New Tobacco Company on lease in terms of the Hon'ble Calcutta High Court order dated 23rd February, 1994. The Company has started commercial production on May 31 st, 1994 at Agarpara, West Bengal factory and launched brands of Cigarettes namely REGENT, NUMBER TEN FILTER, NUMBER TEN VIRGINIA, COOL, PRINCE HENRY (Pipe Tobacco), and REGENT MINI KINGS.

2003

-The Company has entered into an agreement with M./s Sampoerna Asia Pte Ltd

2006

-RDB Ind receives owner ship of New Tobacco

-The Company recommended a dividend of 5% on equity shares.

2007

-The Company has launched a new residential complex, named "Regent Ganga" at 9K, G T Road, Kotrang, Uttarpara, Hoogly, West Bengal having a built up area measuring more than 2,50,000 sq. ft.

-A contract awarded by the office of the Director General Married Accommodation Projects, New Delhi, to build 72 dwelling units at Fort Williams, Kolkata, over a period of 18 months. The estimated value of the contract is Rs 21 crores.

-The Burdwan Municipalty, Burdwan, has awarded the Company land measuring 13,840 sq.m. approx. to build residential and commercial complex at Burdwan.

-The Gunawati Municipal Development Authority has awarded the Company right to develop residential complex at Borsojai, Guwahati, on Joint Venture Basis over a land measuring 28,328.46 Sq.m. approx.

2008

-The Company has recommended a dividend of 5% i.e. Re 0.50 per equity shares

-RDB Industries Ltd has inducted Mr. Abhishek Rathi and Mr. Mahendra Pratap Singh on the Board of the Company as additional directors w.e.f. March 18, 2008.

-The Ministry of Health & Family Welfare, Government of India, have awarded a tender in favour of the Company for setting up Residential Complex at AIIMS Patna, the estimated value of which is Rs 30 crore (approx)

2009

-The Company have been awarded tender by HSCC (India) Ltd for a total estimated contract price of Rs 27.41 crores for Construction and Development of New Campus for Indian Institute of Chemical Biology Salt Lake, Kolkata.

-M/s RDB Realty & Infrastructure Ltd has become wholly-owned subsidiary of the Company.

2010

-Acquisition of Wholly-Owned Subsidiary.

2011

-Company has changed its name from RDB Industries Ltd. to NTC Industries Ltd.

-Registered Office of the Company has been shifted From Building, 8/1, Lal Bazar Street, 1st Floor, Room No. 10, Kolkata - 100 001 to 149, B. T. Road, Kolkata - 700 058.

2012

-Sri. Naresh Chandra Chakraborty has been appointed as Managing Director of the Company

2014

-Mr. Nilotpal Deb has been appointed as Managing Director of the Company.

-Mr. Nilotpal Deb has been appointed as an additional Director of the Company.

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