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Poddar Pigments Ltd. Company History and Annual Growth Details

The Company has been promoted by Shri G. S. Poddar and Rajasthan Petro Synthetics Limited.

M/s. Poddar Pigments Limited (PPL) was incorporated on 11th November, 1991, and obtained a certificate of commencement of business on 30th December, 1991 from the Registrar of Companies(ROC), Rajasthan at Jaipur. The company promoted by Shri G. S. Poddar and M/s. Rajasthan Petro Synthetics Limited, is setting up an import substitution project for manufacture of 1200 tpa fibre grade master batches for dope dyeing of filament yarn and fibre of polypropylene at RIICO Industrial Area, Sitapura, Jaipur in Rajasthan.

The immediate object of the Company is to set up a project for manufacturing 1200 TPA of Polypropylene based master batches in fibre grade.

The company started implementing the project at the site. As per the appraisal note, commencement of commercial production was expected in July, 1994. The company expects to commence commercial production of first phase of 70% of installed capacity in April, 1994 and the second phase of 30% of installed capacity by April, 1995.

1995

- The Company has established production of PP Fiber Grade Masterbatches and PE Masterbatches.

1997

- The Company has established production of Polyester masterbatches for Fibre and PET Bottle applications.

1999

- The Company has established production of Nylon Masterbatches for Fiber applications. Enhancement of Plant Capacity.

2000

- Acquisition of ISO 9002.

2002

- Enhancement of Plant Capacity

2003

- Up-gradation from ISO 9002:1994 to ISO 9001:2000 Certification Masterbatches for Polyester Automotive & outdoor furniture applications.

2004

- Accredition as an "EXPORT HOUSE" by Govt. of INDIA

2007

- Accredition as an 'Star House' for Export by Govt of India.

2008

- The Company has received the award as second best exporter of Masterbatches in the country by Plexcouncil

2009

- Awarded second best exporter of Masterbatches in the country by Plexcouncil. Upgradation from ISO 9001 : 2000 to ISO 9001 : 2008

2010

- Enhancement of plant capacity to 11100 tpa

2012

- The Company has recommended Dividend at the rate of 20% i.e. Rs. 2/- per equity share of Rs. 10/- each.

2013

-The Company has recommended dividend for the year 2012-13 at the rate of 20% i.e. Rs. 2/- per equity share of Rs. 10/- each.

2014

-Poddar Pigments has recommended dividend for the year 2013-14 at the rate of 22.50% i.e. Rs. 2.25/- per equity share of Rs. 10/- each.
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