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Refex Industries Ltd. Company History and Annual Growth Details

Refex Refrigerants Limited was incorporated as Refex Refrigerants
Private Limited on 13th September 2002, under the Companies Act, 1956,
with Registration Number U28121TN2002PTC049601. The Company was
converted into a Public Limited Company on 13th March 2006 with the name "Refex
Refrigerants Limited".

The Registered Office of the Company is situated 20, Mooker Nallamuthu Street,
Chennai-600001. The Company has its processing and refrigerant gas filling station
at 1/171, Old Mahabalipuram Road, Tiruporur-603110, Tamil Nadu. Refex
Refrigerants Limited is an ISO 9001 Company engaged in the business of refilling and
selling non ozone depleting refrigerant gases popularly known as 'HydrofluoroCarbons'
or 'HFCs, that are used in auto airconditioners, room air conditioners, commercial
aircons,refrigerators and refrigerating equipments. These refrigerants are the
replacements for the CFC's and HCFC's which deplete the ozone layer. The CFC's are
to be banned in the country from 2010, after this ban HFC's have to be replaced with
the CFC's. So Refex saw the potential in the HFC business and started to import this
product from across the globe in the year 2000. They were importing this in their
trading company. After seeing a growth in the imports they had planned to set up a
refilling plant in Chennai with the technical collaboration from Kaltech. This inititated the
birth of Refex Refrigerants Pvt ltd, with a refilling plant in Thiruporur near Chennai. Refex
started off with a capacity of 40MT per month with one storage tank and and one ISO
tank. Refex achieved a turn over of Rs. 11.17 crores the FY 2005-06. For the nine months
period ended 31/12/2006, Refex has achieved a total income of Rs. 42.11 crores.Â

Â 2002Â

Â -Refex Refrigerants was incorporated as a Private Limited CompanyÂ

Â 2004

-Appreciation Letter received from Minister of State for Commerce & Industry, Government of India for the eco-friendly approach of the company to introduce HFCs in place of CFCs in the country and for establishing such a Project in Thiruporur, Kancheepuram District.Â

Â 2005

-The company was awarded with ISO 9001: 2000 Certificate by TUV Management ServicesÂ

Â 2006

-Entered into Technical Collaboration with Kaltech Engineering and Refrigeration Pvt. Ltd., SingaporeÂ

Â 2007

-Refex Refrigerants Ltd got its shares listed on the Exchange in the list of 'B1' Group Securities.

-The Company has received a special import license for importing 2000 MT of HCFC Based Refrigerants from DGFT, Ministry of Commerce, New Delhi.Â

Â 2008

-Refex Refrigerants has picked up a 51% stake in Singapore based Kaltech Engineering and Refrigeration Pte Ltd for S $ 11 Millions.Â

Â 2011
-The company appointed Mr. Sumarmal Mehta as an additional Director.Â

Â 2014
-The company appointed Mr. Hem Senthil Raj as an Additional Director.
-The name of the company changed from "Refex Refrigerants Ltd." to "Refex Industries Ltd."Â

Â 2016
-New Stories New Laughter "One on One" part 2 Powered by Refex Industries Limited

2020

-Company issued rights shares of Rs. 10 in the ratio of 5:14 at a premium of Rs. 35 per share.Â

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