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Pochiraju Industries Ltd. Company History and Annual Growth Details

Pochiraju Industries Ltd. was set-up in the year 4th May 1995 with a capital investment of Rs.25.00 Lacs and is in production and marketing of cut flower roses since its inception. Our company during the last four years has established its brand image for its flowers in domestic and European auctions.

Pochiraju Industries Ltd. is a closely held limited company promoted by P. Sudhakar a first generation professional entrepreneur. P. Sudhakar and his family are the majority holders with very few outside equity holders.

Our company is located in spiraling 23.5 acres land at Satyamangalam village, Hosur Tq., Krishnagiri District, Tamil Nadu, a noted Agri Export Zone for floriculture. It has 3 hectares of covered green house area under which different varieties of duch roses are grown under controlled environment.

It has three cold rooms each of 150 sq. mt. Capacity with packing and grading hall facilities of another 500 sq. mts. Utilities include sump tank of 3.5 Lacs lts. Capacity with a pump house attached for irrigation and fertigation, a DG. room with a standby generator of 89.5 Kva, stores, employeeÂs canteen, administrative office and staff quarters.

Our company has land and other infrastructure facilities sufficient enough for adding another 3 hectares. Our company employs about 100 casual labours for its agricultural operations available in surrounding villages. Presently our company grows the seven varieties of Dutch roses. Our companyÂs flowers and varieties are known for their quality, stem length, bud size with good foliage and free from any pest and disease.

Our company proposes to outsource other varieties of roses and other flowers from different growers in India as well as from Malaysia, Singapore and Australia for its international marketing. Currently it proposes to expand another 3 hectares with the following varieties of roses and other flowers Roses: Passion, Hollywood, Bianca, Polo, Tropical Amazon, Royalbaakara, etc. Coronations, Chrysanthemums, Tube roses, zeberas, etc.

Major Events

DATE EVENT

1995

-Obtained Incorporation certificate

-Obtained Certificate of Commencement of Business

1997

-Increased its authorized Capital from Rs. 25.00 Lacs to Rs. 35.00 Lacs

1999

-Increased its authorized Capital from Rs. 35.00 Lacs to Rs. 350.00 Lacs

2003

-Change of name from Pochiraju Flori-Tech Ltd. to Pochiraju Industries Ltd.

-Alteration of Main objects

-Increased its authorized Capital from Rs. 350.00 Lacs to Rs. 500.00 Lacs

-Alteration of Memorandum of Association by sub division of Equity shares

-Increased its authorized Capital from Rs. 500.00 Lacs to Rs. 2000.00 Lacs

2004

-Obtained letter from National Securities Depository Limited (NSDL) for activation of ISIN Number

2006

-Obtained sanction letter from Oriental Bank of Commerce for Rs. 1000.00 Lacs

-Cooperation Contract on Hyaluronic Acid Technology between our company and Biofin Laboratories SRL

-Obtained Provisional allotment of Plot letter from SP Bio Tech Park Private Limited

-Consolidation of Equity shares of the Company from Re. 1/- to Rs. 10/-

-Alteration of Articles of Association to include / substitute the provisions of Stock Exchange Listing requirements

2007

-Pochiraju Industries appointed Smt. P. Sailaja as an Additional Director.

2008

-The Board approved the proposed launching of Oncology products in Biopil division.

2009

-The Board has approved to setup a bulk API plant at APIIC Industrial Estate Nadikudi, Guntur Dist .

2010

-The Board has approved to setup a bulk API plant at APIIC Industrial Estate Nadikudi, Guntur Dist

2012

-Pochiraju Industries has recommended for appointment of Sri. P. Sudhakar as Managing Director of the Company.

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