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बेदमुत्था इंडस्ट्रीज > कंपनी इतिहास > Steel - Medium & Small > कंपनी इतिहास का बेदमुत्था इंडस्ट्रीज - बीएसई: 533270, NSE: BEDMUTHA

बेदमुत्था इंडस्ट्रीज

बीएसई: 533270  |  NSE: BEDMUTHA  |  ISIN: INE844K01012  |  Steel - Medium & Small

कंपनी इतिहास - बेदमुत्था इंडस्ट्रीज
Our Company was originally incorporated as Bedmutha Wire Company
 Private Limited on 

 August 23, 1990 in the State of Maharashtra as Private Limited
 Company under the Companies 

 Act, 1956 vide Registration No.11-57863 (CIN U31200MH1990PLC057863) .
 The name of the 

 company was changed to Bedmutha Wire Company Limited on conversion
 into Public Limited 

 Company and a fresh certificate of incorporation was obtained from
 Registrar of Companies, 

 Maharashtra on September 23, 1997. The name of the company was
 further changed to 

 Bedmutha Industries Limited and a fresh certificate of incorporation
 was obtained
 from Registrar of Companies, Maharashtra on November 18, 2009.
 
 The commercial production was commenced in 1992 with erection of
 first Galvanized Plant 

 with a installed Capacity of 3600 MTPA at Sinnar, Nashik.. In 1994,
 our Company increased 

 its installed capacity from 3600 MTPA to 6100 MTPA by de-bottling of
 galvanized plant. In 

 1997, our Company did its first expansion by setting up second
 galvanizing plant with an 

 installed capacity of 5400 MTPA which increases our total installed
 capacity from 6100 

 MTPA to 11,500 MTPA. On September 30,1998 M/s Kamal Wire Drawing, a
 proprietary concern of 

 Mr. Vijay Kachardas Vedmutha was taken over by our Company as a going
 concern along with 

 all its assets and liabilities for consideration of Rs. 401.74 Lacs.
 Towards this, our 

 Company allotted 16,43,768 equity shares of Rs. 10/- each fully paid
 at a premium of 

 Rs.14.44 per equity share to Mr. Vijay K Vedmutha. M/s Kamal Wire
 Drawing, a proprietary
 concern was in operation since 1988 having a wire drawing capacity.
 Our Company had 

 galvanizing capacity located at the adjacent plot. In order to obtain
 ISI Marks to our 

 products it was required to have a in house wire drawing capacity. As
 both the units were 

 adjacent to each other the said takeover was effected to have
 synergies of operation.
 On March 31, 2000 M/s Testing Engineers & Associates, a proprietary
 concern of Mr. Ajay 

 Kachardas Vedmutha was taken over as a going concern along with all
 its assets and 

 liabilities for the lumpsum consideration of Rs. 5.00 Lacs. Towards
 this, our Company 

 allotted 50,000 equity shares of Rs. 10 /- each fully paid in favour
 of Mr. Ajay Kachardas 

 Vedmutha. The said proprietary concern was engaged in the business of
 technical 

 consultancy. The same was taken over to have synergies for the
 technical consultancy
 division of our company. With a greater demand of products and
 expanding marketing 

 network, our Company set up third and fourth galvanized plant in 2003
 and 2007 at Sinnar, 

 Nashik with an installed capacity of 5300 MTPA and 8500 MTPA
 respectively. Due to this, 

 our Companys total galvanized capacity increased to 25,300 MTPA. Our
 Company also 

 increased the wire drawing capacity from 16,800 MTPA to 18000 MTPA in
 the year 2005 and
 subsequently increased the capacity from 18000 MTPA to 60,000 MTPA.
 In order to increase 

 the product range, our Company set up P.C. Wire Line with an
 installed capacity of 10,800 

 MTPA. Our company had a separate division named K.R. Bedmutha &
 Techno Associates 

 (KRBTA). KRBTA provides consultancy services such as Stability and
 Safety 

 Certification, NDT Services, 3rd Party Procurement Inspection,
 Failure Risk Assessment, 

 etc. On July 01, 2008, the Consultancy Division was spinned off into
 a separate entity 

 named as K.R. Bedmutha Techno Associates Private Limited.
 
 Our Company has also installed wind power turbine in the year 2007.
 We have entered into 

 MOU with Tejsri developers (P) Limited for operations and maintenance
 of wind mill.
 For details of our business, please refer to the chapter Our Business
 beginning on page 

 no. 75 of this Draft Red Herring Prospectus.
 
 MILESTONES ACHIEVED BY BEDMUTHA INDUSTRIES LIMITED
 
 
 Year- 1990
 
 Year of Incorporation
 
 Year- 1992
 
 Commenced commercial production of first Galvanized Plant with
 installed
 capacity of 3600 MTPA
 
 Year- 1994
 
 De-bottling of existing plant, thereby increasing the Capacity from
 3600 MPTA to
 6100 MTPA
 
 Approved Vendor of Maharashtra State Electricity Board
 
 Year- 1996 
 
 Approved Vendor of Gujarat Electricity Board and Karnataka
 Electricity Board
 
 Year- 1997
 
 Expansion by adding Galvanized Plant no-2 of 5400 MTPA and total
 Capacity of
 11,500 MPTA
 
 Year - 1998
 
 Backward integration by acquiring the Wire Drawing Capacity from M/s.
 Kamal
 Wire with a Capacity of 16,800 MTPA in Sinnar, Nashik.
 
 Year - 1999 Approved Vendor of Rajastan Electricity Board
 
 Year - 2000
 
 M/s. Test Engineers and Associates was taken over by Bedmutha
 Industries
 Limited
 
 Year - 2001
 
 Acquired Deemed Export Order from Rajasthan State Electricity Board
 (RSEB)
 under World Bank Tender
 
 Year - 2003 
 
 3rd Galvanizing plant was installed adding 5300 MTPA
 
 Year   2004 
 
 ISO 9001:2000 certification obtained
 
 year- 2005 
 
 Wire Drawing Capacity has enhanced from 16,800 MPTA to 18,000 MTPA
 
 Year- 2006 
 
 Approved Vendor of Power Grid Corporation
 
 year- 2007
 
 4th Galvanizing plant was installed taking total galvanizing capacity
 from 16,800
 MTPA to 25,300 MTPA
 
 Year- 2008
 
 Expansion of Wire & Wire Products Capacity from 18,000 MTPA to 42,100
 MTPA
 and installation of Wire Nails Capacity of 1800 MTPA and stranding
 Capacity of
 2400 MTPA
 
 Order of Amalgamation passed by Honble High Court at Mumbai of M/s.
 Ajay
 Wire Products Private Ltd., Kamdhenu Wire Private Ltd. and Shriram
 Wire
 Private Ltd with Bedmutha Industries Limited u/s.391-394 of Companies
 Act, 1956
 in August 2008.
 
 Set up Wind Mill in Karnataka with power generation Capacity of 225
 KW
 
 Spin-off of K.R. Bedmutha Techno & Associates consultancy division
 into
 separate entity.
 
 Wire Drawing Capacity enhanced from 42,100 to 60,000 MTPA and
 P.C.Wire Line
 with a capacity of 10,800 MTPA
 
 Year- 2009 
 
 Name changed to Bedmutha Industries Ltd
 
 Acquired 51% stake in Kamlasha infrastructure and Engineering Pvt.
 Ltd for
 implementation of turnkey contract of electrification.
 
 2010
 
 - The Company has been awarded Mega project status by the Government
 of Maharashtra (GoM) for the proposed expansion of the Company.
 
 The Company has signed the MOU for the manufacturing of LRPC wires,
 Spring steel wires, GI wires and SS wires.
 
 2014
 - Bedmutha Industries Ltd has appointed Mr. Vikramaditya Ugra as
 Nominee Director on the Board of the Company.
  
स्रोत: रेलीगरे टेचनोवा

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