|Orient Press Limited (OPL) was incorporated on January 2, 1987 as a private limited company and was converted into public limited company by a special resolution dated December 14, 1990 and fresh Certificate of Incorporation was obtained from the Registrar of Companies, Maharashtra at Bombay on February 5, 1991. The Company has since become a subsidiary company of M/s Madhuban Lending and Holdings Ltd.by virtue of provisions of Section 4(1)(B)(ii) of the Companies Act, 1956 during the year ended March 31, 1991.
OPL commenced its operations during mid 1987 and concentrated on the specialised area of printing and distrbution of public issue stationery. Within two years of commencement of operations, OPL attained number one status in the field of printing stationery for public issues.
The Company has installed modern muticolour high speed web offset printing machines and other ancillary machines like automatic slitting, cutting, photo-typesettting, micro proces controlled camera unit, ensuring complete inhouse facilities for all process requirements of quality printing. In view of this the Company is able to consistently produce quality printing.
The Company has also developed an efficient distrbution network. Unlike other printing jobs, capital issue printing demands a highly organised delivery system, to distribute large quantity of stationery across the country within a short stipulated time. OPL, which has been particularly coscious of this critical need, has geared itself up with adequate infrastructure. Its acknowledged capability in this area has enhanced its business operations and client goodwill.
The Company commenced its printing operations with an installed capacity of 398.88 million impressions per annum (mipa). During the last two years the printing capacity of OPL fell shot of the peak requirements thereby necessitating sub-contracting of jobs occassionally. To overcome the shortcomings associated with sub-contracting like inferior quality, delays in delivery etc and also to meet the increasng demand, OPL recently implemented an expansion programme and increased its intalled capacity from 398.88 mipa to 858.24 mipa details of which are given earlier.
The company retained the leadership position by becoming the first ranking printer by issue amount. The company has garnered 72.6% of the aggregate public issue amount offered during the year. The company has achieved it for 8th consecuting time.
During the year, the Paper Board Carton Unit set up by the company at Silvassa commenced commercial operations in January 1997. Within six months, the company has bagged prestigious clients like Hindustan Lever, Amul, Tata Tea, Tata International, J K Chemicals, Heinz Ltd., Balsara Hygiene etc. The unit specialises in line cartons besides multicolour cartons, display cartons and cartons with microflutting.
- Orient Press Limited has informed that Mr. Kannan Veersany Ramamritham has been appointed as Director on the Board of Directors of the Company w.e.f. May 26, 2010.
-Mr. G Ravishankar has been appointed as an Additional Director of the Company
-Orient Press has declared Interim Dividend of Rs. 2/- per Equity Share.
-Company has recommended a payment of dividend of Rs. 1.00 (10%) per equity share of Rs. 10/- each.