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Navcom Industries Ltd. Company History and Annual Growth Details

The company was incorporated on 30th Sept. 1991 under the Companies Act. 1956 and obtained certificate of commencement on 3rd Dec 1991.

Initially the company had set up 75,000 TPA solvent extraction plant (SEP) & 15,000 TPA veg.oil refinery at MIDO Chincholi. Solapur (Maharashtra) which commenced commercial production in the month of March 93 and November 93 respectively. Sangli units of company commenced commercial production of vegetable ghee and veg.oils in Sept. 1992 having installed capacity of 7,500 TPA and 15,000 TPA respectively.

The Company had set up the following production facilities :

Location Products Installed Production
Capacity Commenced
----------------------------------------------------------------------
1. Sangli a) Veg.refined oil 15,000 TPA Sept.1992
b) Vegetable ghee 7,500 TPA Sept.1992

2. Solapur a) Solvent extraction 75,000 TPA March 1993
(de-oiled meals)
b) Vegetable refined 15,000 TPA Nov.1993
oils

The initial project was appraised & financed by IDBI and since the date of inception the Company has been able to surpass its projected profitability. The Company undertook further diversification and had set up a cattle feed/poultry feed unit at existing land at B-12 MIDC Chincholi, Solapur which commenced commercial production in December 1993. The Company has also doubled its capacity of vegetable ghee plant at Sangli factory.

Since begining the Company has laid emphasis on export of its quality/ high protein de-oiled cakes. During the first full year of its operation 1993-94, the Company has achieved an export turnover of Rs.1495 lakhs and secured recognition as an `Export House' from the Govt. of India.

To carry on the business of manufacturing, producing, refining, processing, converting, purchasing, packing, storing, transporting, selling, importing, exporting and trading and dealing in all types of edible and non-edible oils, all types of oil and de-oiled cakes, all kinds of oil bearing seeds, de-oiled brans, vegetable and vanaspati ghee, cakes.
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