|Suryaoday Agro Industries Ltd. (SAL) was incorporated as a public limited company on 1st Jan, 1993 in the state of Maharashtra under the companies act, 1956. Certificate of commencement of business was obtained on 5-2-1993 from Registrar of companies, Maharashtra.
SAL is establishing a solvent extraction plant and an edible oil refinery plant with installed capacity of 200 TPD of oil cake and 25 TPD
of vegetable oil respectively. The unit is located at Chakan near Pune.
The promoters are from three groups:
1) Mr. I K Goyal and his relatives
2) Mr. S P Gulati and his relatives
3) Mr. Jayant Kaneria
The main promoters of the company together bring alongwith them vast experience in oil trade industry and management. Their established relations within the edible oil industry together with their experience
in marketing the end product amongst a vast network of dealers should
place the company in a comfortable position in marketing its product.
2001 - The Board of directors has allotted 26,00,000 No. of Equity shares of Rs 10 each to
the shareholders of the company.