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Total Hospitality Ltd. Company History and Annual Growth Details
Total Exports Limited was originally incorporated on 24th June 1982 as a Private Limited Company and later converted into a Public Limited Company on 3rd September 1986. The company is presently implementing an export oriented high-tech electronic project to manufacture and duplicate 6 million numbers p.a. of 3.5 inches Micro Floppy Diskettes.
The project was initially taken up by the company to manufacture 1.80 million floppy diskettes per annum with an project outlay of Rs. 265.00 lacs. During the implementation due to foreign exchange fluctuation, increase in custom duties and increasing of total installed capacity to 6.00 million duplicating diskettes per annum, the cost of the project was revised to Rs.465.00 lacs. The project was reappraised by Bank of India.
The company's present promoters consists of Mr. Suresh Kumar, Mrs. Rashmee Seengal and Mrs. Santosh Grover.
The Company has entered into an agreement for technical knowhow with Atlantic Magnetics Ltd., Dublin, Ireland.