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RDB Rasayans Ltd. Company History and Annual Growth Details

The Company was incorporated as RDB Rasayans Limited on October 13, 1995 under the Companies Act, 1956 as a public limited company by the Registrar of Companies, West Bengal. The Certificate of Commencement of Business was granted to the Company on October 27, 1995.

The Company was initially incorporated with the Registered Office situated at 8/1 Lal Bazar Street, Bikaner Building, 1st floor, Calcutta - 700 001.Thereafter, it was shifted to 35, Armenian Street, Second floor, Calcutta - 700 007 w.e.f. January 24, 1997. Then on August 01, 2001, the Registered Office of the company was shifted to 18, Ezra Street, Kolkata - 700 001. Thereafter, it was shifted to 3A, Auckland Place, 8th floor, room No.- 8B, Kolkata - 700 017 w.e.f. January 01, 2003. Thereafter, Registered Office of the company was shifted to Bikaner Building, 1st floor, Suite No. 10, 8/1, Lal Bazar Street, Kolkata - 700 001 w.e.f May 20,
2005. Finally, Registered office of the company was shifted to the present address i.e. No.1, Ramesh Mi t ra Road, Kolkata - 700 025 w.e. f . January 13, 2011. The location of registered office was changed due to administrative convenience.

RDB Rasayans Ltd, an ISO 9001:2008 certified organization, is manufacturer of PP Tape, PP woven sacks, Woven fabrics, Industrial woven fabric, PP woven fabrics and PP woven bags. There is a growing demand for PP fabric for packing for different products in the fertilizers, cement, polymers, chemicals, textiles, machinery, automobiles and steel industry etc. The Company is engaged in manufacture and sale of FIBC (Jumbo Bags) and Woven Sacks and various woven polymer based products like Container Liners, Protective irrigation system, Canal Liners, etc. The Company has a track record of business in the field of woven sacks and Flexible Intermediate Bulk Container (FIBC) container liners, Canal Liners, Protective Irrigation Systems, which find large scale application in the segments like cement and fertilizer. The manufacturing facility of the Company is located at 126 Basudevpur, Haldia -721 602, Dist. Purba Medinipur, West Bengal.

In the year 1995, the company was incorporated as public limited company and the object clause of the Company was later on altered in 2003 to enable us to carry on the existing business. In June 2003, the company commissioned its Plant at Haldia with the manufacturing capacity of 1800 MTPA. Initially the Company started the manufacturing of small bags and later in the year 2004 the company entered into the segment of manufacturing FIBC (Jumbo Bags).

Major Events

Following are the key events and milestones achieved by us:

1995-96 Incorporation of the Company

1996-97 Equity Share Capital of Rs.18.80 lacs raised by issuing 1,88,000 equity shares.

2001-02 - 2.50 acres of land allotted to the company by Haldia Development Authority for manufacturing of HDPE and PLB ducts at Haldia.

Equity Share Capital of Rs.20.50 lacs raised by issuing 2,05,000 equity shares.

2002-03 Equity Share Capital of Rs.141 lacs raised by issuing 14,10,000 equity shares.

2003-04 The Company had commissioned the plant for manufacturing Woven Sack with
production capacity of 1800 MT.

2005-06 - 2.63 acres of land allotted to the company by Haldia Development Authority for
manufacturing woven sacks.

Equity Share Capital of Rs.630 lacs raised by issuing 15,00,000 equity shares at a
premium of Rs.32 per share.

2006-07 Received ISO 9001:2000 Certification from Moody International Certification Ltd.

2007-08 Received Award of Excellence from Federation of Small & Medium Industries, West
Bengal for Outstanding Export Performance.

2008-09 Company had increased its installed capacity for manufacturing woven sacks from 1800 MT to 6050 MT.

2009-10 - There was a strike in the factory during June 23, 2009 to J u l y 28, 2009 b y t h e labour union for the demand of the increase in the rate of the wages. Work at
manufacturing unit was resumed w.e.f. J u l y 29, 2009.

- 99,11,100 bonus equity shares were issued in the ratio of 3:1.

- Company had increased its installed capacity for manufacturing woven sacks from
6050 MT to 7000 MT.
Oct 25, 12:00 am
Oct 25, 4:14 pm
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