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Sandesh Ltd. Company History and Annual Growth Details

1943 - The Sandesh Limited, was incorporated on 11th March at Gujarat
and was promoted by Nandlal Bodiwala to carry on the business of
editing, printing and publishing newspapers and periodicals.

- The Company acquires the honour of starting the first Gujarati
daily 'SANDESH' to spread the message of Gandhian movements to
all corners of Gujarat.

- Besides SANDESH, the Company publishes STREE, a women's weekly
magazine, Sandesh Share Bazar Guide an uptodate information on
share bazar, Jyotishdeep, a monthly publication on astrology etc.

1983 - The Company has won the first National Award for excellence in
printing of SANDESH from Government of India and from The
Ahmedabad Printing Press Association in 1987.

1988 - The Company has two investment subsidiary companies. Sarvashanti
Investments Private Limited, a wholly owned subsidiary of the
Sandesh Ltd. was incorporated on 14th April.

1994 - During the year under review, the Company entered into the
Capital Market with Public Issue of 19,66,600 Equity Shares of
Rs. 10/- each at a premium of Rs. 90/- per share on 13th

1995 - 56,33,400 No. of equity shares of Rs 10 each were then issued at
a premium of Rs 90 per share during December 1994 of which 66,600
No. of equity shares were reserved for allotment on a
preferential basis to employees (only 65,800 shares taken up).
Balance 19,00,000 shares along with 800 shares not taken up by
the employees issued to the public. Additional 9,900 shares
allotted on rounding up.

1996 - The Company set up a new printing press at Vastrapur, Ahmedabad
with ultra modern printing facilities and equipments based on
latest technology.

- The Company undertook the business of leasing and hire purchase
finance and to provide on lease or hire purchase all types of
industrial and office plant, equipment, machinery, vehicles and
household requisites, corporate finance and other financial

1998 - The Company has undertaken a project of setting up a new printing
press at Vastrapur, Ahmedabad with most ultra modern printing

1999 - Sandesh Ltd, Gujarat's largest and only listed newspaper stock,
has been witnessing a flurry of activity over the last month on
talks of a possible change in management structure.


-The company has informed that company's existing subsidiaries viz. (1) Shubhkamna Invt. Pvt.Ltd., and (2) Sarvashanti Invt.Pvt.Ltd., has become wholly owned subsidiaries and Swarpan Invt. Pvt. Ltd., is now 100% subsidiary of the company w.e.f. 03/02/200.
Oct 27, 2:35 pm
Oct 27, 2:44 pm
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