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Company Information

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MARUTI INTERIOR PRODUCTS LTD.

21 November 2024 | 04:00

Industry >> Domestic Appliances

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ISIN No INE0JSJ01014 BSE Code / NSE Code 543464 / SPITZE Book Value (Rs.) 20.46 Face Value 10.00
Bookclosure 27/10/2023 52Week High 140 EPS 2.27 P/E 54.97
Market Cap. 188.49 Cr. 52Week Low 71 P/BV / Div Yield (%) 6.10 / 0.00 Market Lot 1,000.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
The company was incorporated as Ravi Bearings Pvt. Ltd. under the provisions of Companies Act, 1956 with the Registrar of Companies, Ahmedabad bearing Registration No. 031719 of 1996-1997 and the certificate of incorporation was issued by the Registrar of Companies at Ahmedabad. Name of the company was changed to Maruti Interior Products Pvt. Ltd. vide resolution dated April 8, 2000 and a fresh certificate of incorporation consequent on change in name was issued by the registrar of companies, Gujarat, Dadra & Nagar Haveli at Ahmedabad dated May 12, 2000. the Company was converted into a public limited company pursuant to a special resolution passed by the Shareholders on 20th October, 2021 and the name of the Company was changed to "Maruti Interior Products Limited". Consequently, a fresh certificate of incorporation consequent upon change of name upon conversion into public company was issued by the RoC on 9th November, 2021.

The company is manufacturing and exporting kitchen storage systems & accessories, Aluminium Long Wardrobe Handle & Profile Handle. There are two categories of kitchen storage accessories - Solid Base Range and Wire Base Range. Both product ranges included Vertical Storages, Corner Storages, Drawer Pull Outs, Mid Way Accessories, Drawer Organisers, Portable Storage Products, Wardrobe Storage Accessories, Wardrobe Handles, Main Door Handles, Cabinet Handles, Profile Handles, Wooden Handles, etc. All the manufacturing products are designed and developed in house.

We are expanding manufacturing facility and propose to install automatic chrome plating plant, automatic power coating plant, some other machinery to increase the production capacity and products. The company propose to construct new shed on plot no. 9, Survey No. 236, Jai Krishna Industrial Estate, Veraval, Tal. Kotda, Sangani Veraval, Dist. Rajkot adjacent to existing factory. Land is taken on lease and shed will be constructed by the company.

2022 -Company received the prestigious award from BSE Limited for achievement of top five best performing SME and Startup Companies for the year 2021-22.

2023 -The Company has issued Bonus Shares in the Ratio of 1:1. -Company has been awarded MSME ZED GOLD CERTFICATE by the Ministry of Micro, Small & Medium Enterprises, Government of India. -Company ordered machinery for Fully Automatic Powder Coating Equipment which will result in increase of production with quality and efficiency.