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Time Technoplast Ltd. Company History and Annual Growth Details

Our Company was incorporated on December 20, 1989 in the name and style
as Time Packaging Private Limited and in the year 1992 the name of our
Company was changed to Time Packaging Limited. In view of diversified polymer
products range and technological adoptions the name of our Company was
further changed from Time Packaging Limited to Time Technoplast Limited with
effect from May 01, 2006.

Our current Promoters are Mr. Anil Jain, Mr. Bharat Vageria, Mr. Raghupathy
Thyagarajan, Mr. Naveen Jain, Time Securities Services Pvt. Ltd., Time Exports
Pvt. Ltd and Vishwalaxmi Trading and Finance Pvt. Ltd.

We are engaged in manufacture and sale of technology based polymer products
catering to growth sectors of Indian economy i.e. Industrial and Consumer
Packaging Solutions, Life Style Products, Auto Components, Health Care Products
and Construction and Infrastructure related products.

Our Company started in the year 1991 and over a period of 15 years our Company
has established production facilities at six different locations across the country.

Having established business in the country, our Company is now in the process of
venturing into overseas markets and to this end our Company is now in the process
of setting up manufacturing facilities in the Middle East, Europe and also entering
into joint venture with Mauser Group to acquire or set up related business in other
Asian countries.

Major Events

Year Key Events

1992 Started as a Small Scale Industry with production facility at Tarapur
1993 Technological collaboration with the Mauser Group
1994 Built new production facility at Daman (U.T.) - started manufacture of large
size polymer drums
1995 Established presence in South India through production facility at Hosur
(Tamil Nadu)
1995 Awarded MIPI symbol of quality as international recognition of product
quality and systems
1996 Established presence in North India through plant at Baddi (Himachal
1998 Launched Lifestyle Products - Synthetic Turf & Matting under the brand
'Meadowz' and 'DuroTurf'
1999 Launched Lifestyle Product Garden Furniture under the brand 'Regal'
1999 Built additional production facility at Daman for packaging product expansion
2000 Added new facility at Sahibabad for Garden Furniture & other injection moulded
2001 Set up additional plant for PET sheets at Daman
2001 Started production of plastic pails 'Conipails'
2002 Further increased capacity for large size plastic drums at Daman
2003 Further expanded capacity for large size plastic drums at Sahibabad for North
2004 Established joint venture company with Mauser for manufacture of Intermediate
Bulk Containers (IBCs)
2005 Developed & launched Anti Spray Systems (3S)
2005 Set up a 100% subsidiary in UAE, Sharjah
2006 Set up production facility and launched Lifestyle products 'DuroSoft'
2006 Started additional manufacturing facility for production of large size plastic drums
at Mahad
2006 Developed & launched 'Genex' medical devices (Auto Disable Syringes, Blood
Sampler & Face Masks)
2006 Set up a 100% Subsidiary at Poland
2006 Amalgamation of OMPL and SPPL with our Company.
2006 Acquisition of 75% stake in TPL.
2006 Entered into an MoU with TSSPL for acquisition of 49% stake in MHA (joint venture
with Mauser Group) at Singapore
2006 Initiated setting up of Steel Drum project in Maharashtra under Time Mauser
Industries Pvt. Ltd.
2007 Certificate of Compliance for successfully implementation of Quality Management
System in conformance to the requirements of WHO-GMP for our auto-disable syringe
& blood sampler factory manufacturing facility at Baddi

-The initial public offering of Time Technoplast, which makes and sells polymer products, has been oversubscribed 49.55 times, having got 19.43 crore bids for the 39.21 lakh shares on the last day of the share-sale.

-Time Technoplast Ltd has acquisition of 100% shareholding in Gulf Powerbeat WLL (GPW), Kingdom of Bahrain through its subsidiary (71%) NED Energy Ltd (NED), Hyderabad. GPW has state-of-art production facility at South Alba Industrial Area, Manama, Bahrain for manufacture of high quality Long Life batteries.


- The Company has splits its face value from Rs10/- to Rs1/-.


- Time Technoplast Ltd has signed MOU to acquire a Composite Cylinder Manufacturing Company in Czech Republic.
Oct 21, 12:00 am
Oct 21, 4:14 pm
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