|Uniply Industries Limited (UIL) was promoted by Mr.B.L.Bengani and
Mrs.Suman Bengani. UIL was incorporated on 4th September 1996 as a
private limited Company with an authorized capital of Rs.50 Lacs and
was later converted into a public limited Company in 4th February 1997.
In the year 1997, the Company started importing Panel Products like WBP
plywood's, MR plywood's, exterior and interior grade MDF, WBP Block
Boards and variety of decorative Plywood,and selling the same under
brand name UNIPLY, UNIBOARD and UNIWUD through its offices at Madras,
Bangalore, Hyderabad, Calicut with a 400 plus strong dealers network.
In the year 2000, UIL started working on setting up of an integrated
manufacturing unit for producing veneers, resins and plywood at Nelveli
Village, Kancheepuram District, Tamil Nadu based upon imported raw
materials i.e. round logs. The Company has a locational advantage for
being close to Chennai seaport.
The Company has secured ISO 9001/2000 certification from DET-Norske
Veritas under UKAS accreditation scheme. Besides this the Company could
secure Licence from Bureau of Indian Standards to put ISI mark on BWR
and MR grade plywood products. The French Organisation COFACE has rated
this Company as @ @.
The Company has achieved the following milestones:
1996 Started the business as a Private Limited Company and
took up agency of Greenply Industries Limited.
1997 Converted into a Public Limited company. w.e.f. 04.02.1997
1997 Started selling imported panel Products, interior grade Medium
Density Fibre Board [MDF], Water proof Boiling Plywood [WBP],
Block Boards and variety of decorative Plywoods under its own
brand name i.e. UNIPLY, UNIBOARD and UNIWUD
2000 Successfully installed factory for manufacture of Veneers
Plywood and related products.
2002 130:9001:200Q certification from PET Norske Verita
2004 COFACE has rated this Company as @ @ for good quality which
is a French Organisation
The Issuer Company has changed its Registered office from #168,
Sydenhams Road, Chennai-600003 to 52, Harleys Road, Kilpauk,
Chennai-600010 with effect from 18th September 2003. This place is
taken on lease and a copy of lease and rental agreement is available
At present UIL enjoys good demand for its products both in the domestic
and international markets. Further, due to softening interest rate on
housing loans, thrust in the construction & infrastructure activity and
increasing demand for sophisticated offices, the demand for the Plywood
and Veneers has swelled many folds in the past few years. UIL has been
operating at around 80% of its installed capacity as of March 31, 2004.
In order, to meet this burgeoning demand Uniply has proposed for
increase in its plant capacity as well as purchase of a wind mill for
reducing the power cost with an estimated project cost of Rs.1200 lacs
(including Public issue expenses). This project cost is proposed to be
funded by the present public issue.