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Company Information

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CORDS CABLE INDUSTRIES LTD.

22 November 2024 | 11:09

Industry >> Cables - Power/Others

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ISIN No INE792I01017 BSE Code / NSE Code 532941 / CORDSCABLE Book Value (Rs.) 130.91 Face Value 10.00
Bookclosure 23/09/2024 52Week High 278 EPS 7.79 P/E 24.37
Market Cap. 245.37 Cr. 52Week Low 104 P/BV / Div Yield (%) 1.45 / 0.53 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
Our Company was incorporated on October 21, 1991 as Cords Cable Industries Private Limited by a group of three professionals, Mr. Naveen Sawhney, Mr. D.K. Prashar and Mr. Rakesh Malhotra with an objective to cater to the growing requirement for high quality.Customised cables. One of our main objects was to acquire and take over as a going concern the partnership business carried on under the name and style of Cords Cable Industries.

We started our operations by manufacturing co-axial cables and instrumentation cables at our production unit at Okhla Industrial Area, New Delhi.Thereafter, we took over the business of the partnership concern M/s Cords Cable Industries as a going concern along with all assets and liabilities with effect from May 1, 1992. M/s Cords Cable Industries was established on October 23, 1987 to manufacture and trade cables. The firm was jointly formed by Mrs. Santosh Malhotra, Mr. Chanan Lal Sawhney, Mr. B.D. Prashar, Mr. A.M. Sanghvi and Mr. Vimal Dev Monga. Pursuant to the takeover, the said partnership concern ceased to exist with effect from May 1, 1992.

Our promoters are from engineering and management disciplines. They have been associated individually with the Cable Industry for over thirty years and have varied experience in the areas of manufacturing,marketing etc. in the Cable Industry. Our Company became a deemed public limited company w.e.f July 1, 1997 and restored its status of private limited company again w.e.f February 6, 2003. Our Company gotvconverted into a public limited company vide a certificate of incorporation dated May 10, 2006.

To keep up the growth momentum, we added control cables and customized instrumentation cables to our product portfolio. In line with our vision to go up the value chain and to increase our production capacity, we set up a state of the art manufacturing facility at Chopanki, Dist. Alwar, Rajasthan in 2003-04 of approx 45,000 sq.ft. covered area. This enabled us to diversify our product range so as to cater to the cable requirements of the energy and infrastructure sectors of our country. In November 2006, we increased the capacities for existing products and expanded our factory from 45,000 sq. ft.covered area to 92,000 sq. ft covered area

Over a period of time, we have expanded our product range and have added a variety of speciality cables in our product range. At present we are focusing on LT cables, control & instrumentation cables and speciality cables. In the proposed expansion project, we plan to add HT cables and Rubber cables to our existing product portfolio.We cater to a majority of core industries such as power, cement, chemicals,petrochemicals,steel etc. Our clientele includes blue chip companies like BHEL L&T, NTPC, Reliance Energy Ltd. and others.

We are an ISO 9001:2000 accredited company and hold BIS certification for all types of cables conforming to IS:1554(1)/1988 and IS:694-90.

At the time of incorporation, the registered office of our Company was situated at C-25, Lajpat Nagar-III, New Delhi - 110024. With effect from March 1, 2005,our registered office was shifted to B-1 / A-26, Mohan Cooperative Industrial Estate,Mathura Road, New Delhi - 110044.Our Company's growth over the last 15 years is highlighted below:

Year Event

1991 Incorporated as a Private Limited Company

1991 Commenced manufacturing of Control Cables and Customised Instrumentation Cables.

1992 Took over the business of the partnership firm M/s Cords Cables Industries as a going concern

1996 Manufacturing unit was shifted from Naraina Industrial Area to Mohan Co-operative Industrial Estate

1997 Company became Deemed Public Limited Company

1998 Obtained ISO 9002:1994 certificate from Underwriters Laboratories Inc. for drawing and insulating of non-ferrous wire, manufacture of PVC/PE insulated copper/aluminium conductor, armoured/unarmoured, for instrumentation, power, control, radio frequency co-axial, telephone including jelly filled (upto 100 pair capacity), thermocouple extension and compensating cables.

2003 Set up a state of the art manufacturing facility at Chopanki, Dist. Alwar, Rajasthan, having covered area of over 45,000 sq. ft, giving a two-fold jump to the revenue

2004 Obtained ISO 9001:2000 certificate from Quality Certification Bureau Inc. for manufacture and supply of power, control, instrumentation, signalling,communication, thermocouple and panel wires & cables.

2004 Registered our logo CORDS with the Trade Mark Registry and a certificate of registration was issued to us

2004 Enrolled as a member of PHD Chamber of Commerce and Industry.

2006 Completed the first phase of our expansion whereby the total covered area of our factory increased from 45,000 sq. ft. to 92,000 sq. ft.

2006 Converted into a Public Limited Company

2007 Gross turnover crossed Rs. 100 crores.

2008

- The Company received the Award as "Best under a $ Billion" recognised by Forbes magazine - a listing of best companies in Asia-Pacific region .

2011

- The Company was awarded The International Quality Crown Award (Gold Category) by Business Initiative Directions (BID).

2012

- The Company recognised as the 513th fastest growing company in the World.

- The Company was awarded as "Ratna Shiromani Award" for excellence in manufacturing and marketing of special screened communication cables.

- The Company has Bagged an Export Order from its worldwide recognized French Customer for Supplies to the state of Kuwait.

2013

-"Cords Cable Industries has bagged prestigious Large Value Orders from one of the Worlds Largest EPC and Contract Mining Organisation".

-Cords Cable bags Rs 80 mn orders from Leighton Welspun Contractors.

2015

-Cords Cable bags Rs 157 mn order from Welspun Energy for the development of 100-MW Solar Project in the state of Tamil Nadu. -Cords Cable Industries Ltd Registered Office of the Company has been changed to 94, 1st Floor, Near Shambhu Dayal Bagh, Old Ishwar Nagar, Okhla Industrial Area Phase-Ill, New Delhi-110020.