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Varun Industries Ltd. Company History and Annual Growth Details

Our Company incorporated as Varun Continental Limited on March 8, 1996 and
received the Certificate for Commencement of Business on March 15, 1996 from
the Registrar of Companies, Maharashtra, Mumbai. Our registered office earlier
located at Dwarkesh Market, Dr. A.M. Road, Near Central Bank, Bhuleshwar,
Mumbai - 400 002, was shifted to its present location w.e.f. July 24, 1996.

Our Company is promoted by Mr. Kiran Mehta, Mr. Kailash Agarwal and Mr. Virendra
Mehta with the main object to carry on the business of manufacturers, exporters,
importers and traders in stainless steel kitchenware and houseware items. Our
Company took over Varun Exports, the proprietorship concern of Mr. Kiran N. Mehta
on April 10, 1996, which had been in the business of exports of stainless steel utensils.
Our Company changed its name to Varun Industries Limited and received a fresh
certificate of incorporation as on April 21, 2005. Today, our Company has a wide
range of 1500 varieties of kitchenware, houseware, tableware, cutlery and other items
of various types. We procure these products by a network of 80 dedicated suppliers
spread across the country and we are exporting these products to many countries all
across the globe.

As a process of backward integration and to increase our profit margin we have
planned to develop an inhouse manufacturing and warehousing facility at Vasai (E),
District Thane near Mumbai and a Stainless Steel Sheet Re-rolling Mill at Jodhpur.
We expect to commence our commercial production from both these manufacturing
units in September 2007.

Recently, we have ventured into other businesses like electricity generation through
windmill. We are also venturing into exporting of agro based products, hydroelectric
power generation, iron and ore mining and oil and gas drilling. Further, looking at the
prospects of industry, we are planning to foray into the domestic market by supplying
our products to various retail chains.

Major events in the history of our Company since inception

Year Key events, milestones and achievements

1996 Obtained Certificate of Incorporation and Commencement of Business

Took over Varun Exports, the proprietorship concern dealing in the business of
exports of stainless steel utensils

1998 EEPC Exporter Excellence Award for the Year 1996-97 awarded by Mr. Ram
Krishna Hegde, Hon'ble Union Minister of Commerce

1999 National Export Award for the years 1997-98 and 1998-99 awarded by Mr. Atal
Bihari Vajpayee, Hon'ble Prime Minister of India

Top Exporter - Regional Trophy for the year 1998-99

Export Excellence Award for the Year 1998 - 99 awarded by Engineering Export
Promotion Council

National Export Award for the year 1998-99 presented by the Prime Minister of
India Hon'ble Mr. Atal Bihari Vajpayee

2000 Best Exports Award from the Government of Maharashtra for the year 1998-99
awarded by Mr. Mekharam Pawar, Hon'ble Minister of Trade and Commerce

EEPC Exporter Excellence Award for the Year 1998-1999 awarded by Mr. Murasoli
Maran, Hon'ble Union Minister of Commerce and Industry

EEPC Top Exporters Award for the Year 1998-1999 awarded by Mr. Omar
Abdulla, Hon'ble Minister of Commerce & Industry

2002 EEPC Exporters Excellence Award for the year 1999-2000 awarded by Mr. Omar
Abdulla, Hon'ble Minister of Commerce & Industry

FIEO Top Exporters - 'Niryat Shree' Trophy for the Year 2000-2001 awarded by
Mr. Bhairon Shing Shekhawat, Hon'ble Vice President of India

2003 EEPC Exporters Excellence Award for the year 2000 - 2001 awarded by Mr. Arun
Jaitley, Hon'ble Minister of Commerce & Industry

Awarded IS/ISO 9001: 2000 by Bureau of Indian Standards for Quality
Management System

2005 EEPC Top Exporters Awards for the year 2001-02, 2002-03 awarded by Mr. S. M.
Krishna, Hon'ble Minister of Commerce & Industry

2006 EEPC Top Exporters Award for the year 2003-04 awarded by Mr. Kamalnath,
Hon'ble Minister of Commerce & Industry

EEPC Star Performers Awards for the year 2004-05 awarded by Mr. Kamalnath,
Hon'ble Minister of Commerce & Industry

FIEO Top Exporters - 'Niryat Shree' Trophy for the year 2004-05 in the category of
Engineering & Metallurgical Products, Non SSI awarded by Mr. Kamalnath,
Hon'ble Minister of Commerce & Industry

FIEO Top Exporters - 'Niryat Shree' Trophy for the year 2004-05 in the category of
Multi Products, Star Export House, Non SSI awarded by Mr. Kamalnath, Hon'ble
Minister of Commerce & Industry

FIEO Top Exporters -'Niryat Shree' Trophy for the year 2004-05 in the category of
Gems & Jewellery, Non SSI awarded by Mr. Kamalnath, Hon'ble Minister of
Commerce & Industry

Awarded as Four Star Export Trading House by Government of India for the period
of 01/04/2004 to 31/03/2009

Change of Name of our Company from Varun Continental Limited to Varun
Industries Limited

2007 EEPC Star Performers Award for the year 2005-06 awarded by Mr. Kamalnath,
Hon'ble Minister of Commerce & Industry

2008

- Varun Industries Limited has informed the that 'Shri B. K. Ray was appointed as the Director (Finance & Corporate Planning) of the Company. with effect from 10th March, 2008'.

- Varun Industries Ltd has informed that Shri. B K Ray was appointed as the Director (Finance & Corporate Planning) of the Company, with effect from March 10, 2008.

- Varun Industries Ltd has informed that Shri. S Krishna Kumar was appointed as an Additional Director of the Company with effect from April 15, 2008.

- Varun Industries Limited has appointed Shri Kiran N. Bade as the Company Secretary and Compliance Officer.

2009

- Varun Industries Limited has informed that Shri K. L. Gopalakrishna was appointed as an additional director of the Company w.e.f. January 27, 2009.
 
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