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Company Information

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KIRI INDUSTRIES LTD.

04 December 2024 | 01:49

Industry >> Dyes & Pigments

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ISIN No INE415I01015 BSE Code / NSE Code 532967 / KIRIINDUS Book Value (Rs.) 506.12 Face Value 10.00
Bookclosure 27/09/2024 52Week High 623 EPS 23.91 P/E 25.85
Market Cap. 3438.15 Cr. 52Week Low 280 P/BV / Div Yield (%) 1.22 / 0.00 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
The Company was incorporated on May 14, 1998 as Kiri Dyes and Chemicals Private Limited at Ahmedabad, Gujarat, under the Companies Act, 1956 and was converted into a Public Limited company vide fresh certificate of incorporation dated May 3,2006 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli located at Ahmedabad. The Corporate Identity Number of the Company is U24231GJ1998PLC034094.

The Company is engaged in the business of manufacturing of reactive dyes which are called synthetic organic dyes used for cotton fabrics like garments, dress materials, bed-sheets, carpets etc. The dyes are of basically colours like black, blue, red, orange, yellow and numerous variants of these basic colours is identified by color index number internationally. The Company also manufactures dye intermediates that are used in the manufacture of dyes. The existing products manufactured by thecompany are as follows:

Synthetic Organic Dyes (S. O. Dyes) Dyes Intermediates: Vinyl Sulphone Dyes Intermediates: H-Acid

The product range of the Company comprises of more than 120 dyestuffs used by textiles, leather, paint and printing-ink industries with total production capacity of 10800 MT per annum. The Company supplies reactive, acid, and direct dyes as well as dye-intermediates in various forms like standardized spray dried/tray dried - powder/granular, crude and reverse osmosis.

The manufacturing facilities of the company are located at Ahmedabad and Padra Taluka near Vadodara. The Company is intends to expand by backward Integration and in this regard has already commenced manufacturing of Vinyl Sulphone in April, 2006 and H-Acid from March 2007 that gives it a presence in Dye Intermediates business. The Company through the proposed project on Sulphiric Acid intends to further integrate backwards and emerge as a dominant player in Chemicals.

Major Events

Year Major Events

1998 Incorporation of Kiri Dyes and Chemicals Private Limited

1999 Started export to USA and Taiwan

2000 Awarded by CHEMEXCIL for outstanding export performance in the year 1998-1999.

2001 Awarded by CHEMEXCIL for outstanding export performance for the year 1999-2000.

Trophy awarded by Gujarat Dyestuffs Manufactures Association for export performance of more than Rs. 600 Lakhs for direct export of self manufactured dyes & dye intermediates during 1990-2000. 2002 Received First Award for the highest exports of chemicals from small scale industry by CHEMEXCIL for the year2000-2001.

Obtained permission confirming eligibility of Kiri Dyes and Chemicals Ltd. to become 100% Export Oriented Unit from Kandla Special Economic Zone.

Awarded by Gujarat Dyestuff Manufacturers Association as Second award for direct export of self manufactured dyes in the year 2000-2001.

2003 Received prestigious Platinum Award from CHEMEXCIL for outstanding performance during the year 2002 2003.

The Company became Government Recognized Trading House.

2004 Recognized as a Two Star Export House.

Obtained Environmental Clearance Certificate from the Ministry of Environment and Forest for further expansion.

Conversion of manufacturing unit into 100% Export Oriented Unit.

2005 Started strategic backward integration project at Padra, Dist. Vadodara.

Silver Jubilee awarded by Export Credit Guarantee Corporation of India, Govt. of India

2006 Awarded by Clariant (India) Ltd. as A class vender for outstanding performance as a Business Partner Sourcing and its contribution in the growth of Clariant (India) Limited

Commercial production of backward integration project with respect to Vinyl Sulphone started at Padra, Dist.Vadodara.

KIRI DYES AND CHEMICALS LIMITED

2007 Awarded ISO 9001:2000, a certificate for quality management system by ISOQAR for manufacture and supply of reactive dyes for its Unit located at Vatva, Ahmedabad.

Awarded ISO 9001:2000, a certificate for quality management system by ISOQAR for manufacture and supply of dyes intermediates for its Unit located at Village Dudhwada, Padra, Vadodara.

Awarded ISO 14001:2004, a certificate for Environmental Management System

by ISOQAR for manufacture and supply of dye intermediates for its Unit located at Village Dudhwada, Padra, Vadodara.

Commencement of Commercial Production of H-Acid

Awarded Trishul Award for the outstanding export performance in small scale sector during the year 2004-05 on October 08, 2007.

2008

-Company has informed that the given below are the details of the email id designated exclusively for grievance redressal division / compliance officer:

investors@kiridyes.com

2009

-Company wholly owned subsidiary of the Company titled "Kiri Dyes and Chemicals Limited has Incorporated subsidiary abroad".

2010

-Company has acquired world's leading multinational DyStar Group through its SPV Kiri Holding Singapore Pvt. Ltd."

2011

-Company has changed its name from Kiri Dyes And Chemicals Ltd. to Kiri Industries Ltd.

-Company has acquired a chemical Company in Taiwan named SMS Chemical Co. Ltd.

2013 -Kiri Industries Ltd has appointed Mr. Jayanta Kumar Sinha as Nominee Director.

2014 -Kiri Industries Ltd has Appointment of Mrs. Veenaben Padia as Additional Director of the Company and Mr. Jayesh Vyas as Chief Financial Officer of the Company. 2015 -Kiri Industries enters into settlement pact with PNB

2020

-The company has started the first phase of commercial production of Specialty Intermediates at plant located at Vadodara from Monday 25 January, 2021. The combined installed capacity of the first phase of the new plant is 6000 MTPA, which shall add several new products in Dyes Intermediates & Specialty Chemicals sector with incremental revenue of about Rs. 300 crores considering full capacity utilization progressively in the next few months and considering current price levels in the market. This Specialty Intermediate plant shall reduce dependency on Chinese supplies and shall make the company self-reliant on several raw materials requirements. The Company shall utilize around 30% production for its own consumption and remaining 70% production shall be sold in domestic and international markets for dyestuff, pharmaceuticals and chemical sector.