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GeeCee Ventures Ltd. Company History and Annual Growth Details

We were incorporated as a private limited company under the Companies Act, 1956 on February 14, 1984 as Shubham Aromatics Private Limited by Mr. Harisingh Shyamsukha, Mrs. Meena Kothari and Mr. Gavini Balgangadhara Rao with our registered office at 29, Bank Street, 1st Floor, Fort, Mumbai 400023. In June 14, 2004, the registered office was transferred to K.K. Chamber, 4th Floor, Sir Purushottamdas Thakurdas Marg, Fort, Mumbai- 400 001, India. We commenced our production in 1985.

The Company was converted into a public limited company on October 1, 1985 and subsequently the name of the Company was changed to Shubham Aromatics Limited.

The Promoters of the Company had also promoted another company, in 1978, viz. Gwalior
Chemicals Private Limited (“GCPL”) which company was also in the business of manufacturing
Chlorotoluene products. As a step for consolidating businesses within Chlorotoluene range, the Promoters deemed it fit to merge the two companies. Accordingly, GCPL was amalgamated with Shubham Aromatics Limited with effect from October 1, 1992, in pursuance of an Order of the Bombay High Court dated January 27, 1993. The name of the Company was changed to Gwalior Chemical Industries Limited on May 3, 1993. On June 14, 2004, the Registered office of the Company was shifted to KK Chambers, 4th Floor, Sir Purushottamdas Thakur Das Marg, Fort, Mumbai 400 001.

Over the years we have diversified into various other products in the same chlorinated chemistry and further downstream products. Our business grew from net sales of Rs. 576 lacs and product offering of merely 9 products in fiscal 1993 to a net sales of Rs.10,242 lacs and 16 products in fiscal 2004. For the nine months ended December 31, 2004, we had net sales of Rs. 9,824 lacs and added 2 more products to our product range.

Some of our major milestones are as follows:

1978-79 : Benzyl Chloride plant commissioned by Gwalior Chemicals Private Limited, our group
company, which was subsequently merged into us.

1984-85 Shubham Aromatics Private Limited is formed and the Group’s Benzyl Chloride
capacities expanded.

1988-89: Benzaldehyde Plant commissioned by Gwalior Chemicals Private Limited.

1992 : Gwalior Chemicals Private Limited sets up viscose dyes facility at Nagda.
We introduced new product range of BTC, ACL and BOCL.

1993 : Amalgamation of Gwalior Chemicals Private Limited with Shubham Aromatics Limited
to form one company dealing in the entire Chlorotoluene range. Name of the Company
changed to Gwalior Chemical Industries Limited.
We introduced the viscose dye pigment black with a production capacity of 1,200 TPA

1994 : Thionyl Chloride pilot plant and R&D laboratory set up by the Company. Its first steps
towards in-house research.

1995-96 : Thionyl Chloride Plant commissioned with in-house technology with a capacity of 2,160
TPA thus registering our entry into the Sulphur Chloride range of products.

2000-01 : The Company makes acquisition of Thionyl Chloride business of Link PharmaChem
Limited and expands its blue print outside Nagda.
The capacity of viscose dye pigment black doubled to 2,400 TPA
The capacity of Thionyl Chloride Plant enhanced to 3,600 TPA

The Company initiates fully-fledged R&D efforts in Thionyl Chloride and Chlorotoluene
range. Separate dedicated R&D team formed.

2001-02 : Thionyl Chloride capacity expansion begin at Nagda and Ankleshwar facilities.
Capacity expanded to 10,800 TPA.

2002-03 : The Company revamps Chlorotoluene facilities to match international quality standards
and creates plants whose economies of scale match international standards.

2004 : The Company achieves break-through in innovative Thionyl Chloride technology and
changes make modification in process to become one of the cheapest cost producer and
one of the largest single location producer of Thionyl Chloride.
The capacity of Thionyl Chloride Plant enhanced substantially to 24,000 TPA through
aforesaid process re-engineering.

2005 : The Company completes first phase of expansion with the setting up of Benzyl Alcohol
plant, the trial production for which commenced in first week of February.


- E-mail ID in the name of investor.relations@gwaliorchemicals.com

- The Company has entered into a definitive agreement for sale of its chemicals business

- The company has changed its Registered from Western India House, Sir. P.M. Road, Fort, Mumbai- 400 001 to 209 /210, Arcadia Building, 2nd Floor, 195 Nariman Point, Mumbai -400 021.


-Company has changed its name from Gwalior Chemical Industries Ltd. to GeeCee Ventures Ltd.


- The company has recommended dividend at the rate of Rs 1.50 per share (15%).

-GeeCee Ventures Ltd has recommended a dividend @ 15% i.e. Re. 1.50/- per share
-GeeCee Ventures Ltd has Appointment of Mr. Gaurav Shyamsukha as CFO and Whole-Time Director.

-GeeCee Ventures Ltd has recommended a dividend @ 15% i.e. Re. 1.50/- per share