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V R Woodart Ltd. Company History and Annual Growth Details

The company was incorporated as a Public Limited company in the State of Kerala on 3.2.89 and obtained Certificate of Commencement of Business on 16.3.89.

With the help of term loans from ICICI and KSIDC, the company started establishing a 100% EOU for the manufacture of solid laminated boards out of rubberwood which is a substitute for rain forest timber thus helping in conserving our precious National rain forest wealth. The
commercial production was started on 1st August, 1990. The company, the product and the technology being new, the promoters had a lot of hard work to do in respect of developing the right technology for treating and seasoning the rubberwood that would be acceptable in the international market; manufacturing the end products to cater to the quality conscious export market; marketing the products, which are new and produced using a new technology, penetrating the international market. Having established the unit, the company went in for an expansion at a cost of Rs.264 lacs which was funded by a Public Issue
in October 1992. The commercial production under expanded capacities started in January, 1993.

The company is presently engaged in the manufacture and export of quality treated seasoned, finger-jointed, glue laminated boards.

2008

-VR Woodart Ltd has informed that Mr. Nitin Panchal has been appointed as Non-Executive, Independent Director on the Board of the Company at the Board meeting held on April 09, 2008.
 
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