Enter the first few characters of Company and click 'Go'

Zenith Steel Pipes & Industries Ltd. Company History and Annual Growth Details

Our Company was incorporated under the provisions of Companies Act on August 5, 1960 Our company was promoted by house of Birla and received its Certificate of Commencement of business 17th August, 1960 as Zenith Steel Pipes Limited with the main object to manufacture black welded and galvanized steel pipes We have changed our name as under:

1. From Zenith Steel Pipes Ltd. in 1960 to Zenith Steel Pipes & Industries Ltd. with effect from 31st October 1975.
2. From Zenith Steel Pipes and Industries Ltd. to Zenith Ltd. with effect from 28th January,1986
3. From Zenith Ltd. to Zenith Birla (India) Ltd. with effect from 18th October 2005.

Changes in Registered Office of our Company

The Registered Office of our Company was changed from Industry House, 159, Churchgate Reclamation, Mumbai 400 020 to Moti Mahal, 195, Churchgate Reclamation, Mumbai 400 020 in the year 1963-1964 and then to the present address at Dalamal House, 1st Floor, J. B. Marg, Nariman Point, Mumbai 400 021 with effect from October 30, 2002.

1. 1960 Incorporation of Co. as Zenith Steel Pipes Ltd. for Mfg. Of Steel Pipes & Tubes

2 1960 1st Public Issue of Equity Shares

3 1961 Started Factory at Khopoli for Pipe Mfg.

4 1962 Pipe production started at Khopoli

5 1968 Rolls & Shears Divisin (RSD)/Tool Mfg. Division (TMD) Started

6 1974 Special Steel Division Started at Khopoli

7 1980 Chemical Division started at Boisar for Mfg. Dyeintermediates & production
started

8 1981 Joint Venture in PT South Pacific Viscose incorporated in Indonesia

9 1980-81 Paper Plant at Banah (Punjab) started

10 1982 Indian Tool Mfrs. Ltd. merged with the Co.

11 1982 Textile Division of M/s. Indian Tool Mfrs. Ltd. became a division of our Co.
after its merger with the Co.

12 1982 M/s. Avit Overseas Corporation, New York, Subsidiary of ITM, became our
Subsidiary Co.

13 1982-83 Equity Shares alloted to the holders of 13.5% Secured Debentures of Rs.
120/- each in terms of Right attached

14 1983-84 Allotment of Equity Shares in terms of scheme of amalgamation of ITM with
the Co.

15 1989 Created new Division 'Zenith International' for Exports

16 1991 Co. had gone under BIFR

17 1992 Co. was declared as Sick Industrial Co. by BIFR

18 1994-95 Paper Division was sold to M/s. Shreyans Industries Ltd.

19 1995-96 Reduction of Equity Share Capital by 75% as per BIFR Order dated 08-01-
1996

20 1996 Special Steel Division sold to M/s. Isibars Ltd.

21 1997 Rehabilitation Scheme sanctioned by BIFR was implemented

22 2000 BIFR declared that the Co. ceased to be a Sick Industrial Co.

23 2002 3 New subsidiary companies formed: (1) M/s. Valueworth Trade Pvt. Ltd.,
(2) M/s. Zenith Dyeintermediates Ltd., & (3) M/s. Khamgaon Syntex India
Ltd.

24 Nov.-2004 Chemical Division hived off & sold to M/s. Nipur Chemicals Ltd.

25 2005 Textile Division transferred to M/s. Khamgaon Syntex India Ltd.

26 2005 Change of Name as 'Zenith Birla (India) Ltd.'

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article