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Shree Mahaganga Sugar Mills Ltd. Company History and Annual Growth Details

Shree Mahaganga Sugar Mills Limited is a Public Company incorporated on 10 September 1991. It is classified as Indian Non-Government Company and is registered at Registrar of Companies, Mumbai. It is inolved in Manufacture of electronic valves and tubes and other electronic components

ELTROL was established as a partnership firm in 1977, by
Mr.P. Murlidhar Rao, and Mr. P.V. Jagannath as partners.
The firm was converted under section 556 of the Companies
Act, 1956, as a Private Limited Company on 10/9/91, under
the name and style of Eltrol Private Ltd. with the
Registrar of Companies Maharashtra, Bombay. The promoters
have converted the Company into a Public Limited Company by
passing a Special Resolution in the Extraordinary General
Meeting held on 31.8.94 and has obtained a fresh change of
name certificate on conversion on 25th October, 1994. The
firm had been carrying on the business of Electrical Panels
for M/s. Eltrol Engineering (P) Ltd., which is a Company
under the same management.

The Promoter - Partners are professionals and are in the
field of Electrical/Electronics. The Promoters through the
Company and Associate concerns has executed orders of
various clients over a period of 17 years and had gained
experience and exposure to the line of business.

The firm was converted under section 556 of the Companies
Act. 1956, as a Private Limited Company on 10/9/91, under
the name and style of Eltrol Private Ltd. The Company has
started carrying business in its own name Since
incorporation. The manufacturing activities of the Company
are located at Plot No. W/163 ad measuring 680 Sq.Mtrs.
area on a leasehold Industrial Plot of MIDC, at Sagaon
Industrial Estate known as Dombivli Industrial Estate since
1/4/1977 with a primary lease period of 95 years. The
company has vide its letter ref. no. EL/YSN/1491/94 dated
1-2-95 has informed the M.I.D.C. Authorities about the
change in the Constitution of the company.

The Promoters had executed orders of reputed companies
through the Company or its sister concerns. To refer the
same the Company has received orders from Indian Rare
Earths Ltd., Tata Hydro. Mahindra & Mahindra, L & T, etc.

The Government of India has opened gates for multinational
clients to setup Power Projects, in India and a number of
incentives have been envisaged in the budget. Considering
the prospective demand, the promoters have converted the
Company into a Public Limited Company on 25th October, 1994
and intend to modernise the Dombivli unit and to expand the
product range by setting-up a second unit at New Bombay TTC
Industrial Area, which is fast developing into an
Electronic Zone.

2005

-Shree Mahaganga Sugar Mills has given the Bonus in the Ratio of 3:1

-Company has changed its name from Eltrol Ltd. to Shree Mahaganga Sugar Mills Ltd.

2011

-Registered Office of the Company has been shifted From 18-22, 4th Floor, Mohid Heights, Lokhandwala Road, Andheri (West), Mumbai-400053 To 14/108, Motilal Nagar No. 3, M G Cross Road, Goregaon (West), Mumbai-400090.

2014

-The Company has shifted its registered office address from No. 14/ 108, Motilal Nagar No. 3, M G Road, Goregaon (West), Mumbai - 400090 to E- 213, Crystal Plaza, Opp Fame Adlabs, New Link Road, Andheri (West), Mumbai - 400053 with effect from March 01, 2014.
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