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Radha Madhav Corporation Ltd. Company History and Annual Growth Details

The Company has been incorporated on 7th January 2005; with one of the objectives, of acquiring the entire existing running and profit making business of three partnership firms namely Metro Poly Prints, Radha Madhav Industries and Mayura Industries. All the partners of
these three firms are also subscribers to the Memorandum and Articles of Association of our Company. Further, except Mrs. Sulochanadevi Agrawal, all the partners of the firms are directors of our Company. The promoters of our Company are Mr. Anil J. Agrawal, Mr. Mitesh Agrawal and Mr. Abhishek Agrawal.

The Company obtained Certificate of Commencement of Business on 24th January 2005 and to initiate the acquisition process of three partnership firms, which were involved in manufacturing of synergetic and alternative products for packaging, but as separate entities; on
1st of February 2005, our Company entered into partnership with the said three firms as a partner for 10% in Profit & Loss along with the existing partners i.e. Mr. Mitesh Agrawal (60% share in Profit & Loss) and Mr. Kanubhai Patel (30% share in Profit & Loss) in Metro Poly Prints;
Mr. Anil J. Agrawal (45% share in Profit & Loss) and Mrs. Sulochanadevi Agrawal (45% share in Profit & Loss) in Radha Madhav Industries and Mr. Anil J. Agrawal (45% share in Profit & Loss) and Mr. Abhishek Agrawal (45% share in Profit & Loss) in Mayura Industries.

On 5th March 2005, all other partners of the said partnership firms, except our Company, retired and our Company took over all the assets & liabilities at a book value aggregating to Rs. 710.07 Lacs and became sole owner of all the firms namely Metro Poly Prints, Radha Madhav Industries and Mayura Industries, which were renamed as Unit I, Unit II and
Unit III respectively.

To substantiate the above acquisition, a business valuation of erstwhile partnership firms as on date of dissolution i.e. 5th March 2005 was carried out by Khimji Kunverji & Co., Chartered Accountants vide their Valuation Memorandum dated 7th July 2005. As per the said Valuation Memorandum, the intrinsic value of the business of Mayura Industries is Rs.1162.60 Lacs;
Metro Poly Prints is Rs. 195.48 lacs and Radha Madhav Industries is Rs. 190.15 Lacs giving a total value of Rs. 1548.23 Lacs of all the business of the firms taken together, against the acquisition cost of Rs. 710.07 Lacs, which in turn has resulted into an intrinsic benefit of
Rs. 838.16 Lacs to our Company.

2005

-The company entered into capital market.

2006

-The company got order from Karnataka Milk Federation (KMF).

-Radha Madhav Corp Ltd plans to acquire a company in the food and beverages packing segment in China.

2007

- Radha Madhav Corporation Ltd has appointed Mr. Serge A Lapointe as an Additional Director of the Company.

2008

-Radha Madhav Corporation Ltd has appointed Mr. Abhishek Agarwal has been appointed as a Joint Managing Director of the Company.

2012

-Mr. Subhash Agrawal is appointed as a Additional Director of the Company .

2013
-Radha Madhav Corporation Ltd has informed Issue of 31820000 shares on Preferential Basis.

2. Issue of 40,00,000 Warrants on Preferential Basis.

2014
-"Commencement of www.rmcluniverse.com "The FMCG and lifestyle PortalÂ".

2015

-RMCL announces opening of 25 new "Distribution Points cum Shoppies" on Auspicious Occasion of Buddha Purnima .

-Radha Madhav Corporation Ltd opening of 10 new exclusive distribution Outlets in "Surat" District on the auspicious occasion of Eid.

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