केएम शूगर मिल्स > कंपनी इतिहास > Sugar > कंपनी इतिहास का केएम शूगर मिल्स - बीएसई: 532673, NSE: KMSUGAR

केएम शूगर मिल्स

बीएसई: 532673  |  NSE: KMSUGAR  |  ISIN: INE157H01023  |  Sugar

कंपनी इतिहास - केएम शूगर मिल्स
Our Company was originally formed as a partnership firm known as
 Kamlapat 
 Motilal at Kanpur; the founder partners were Singhanias and
 Jhunjhunwalas 
 and they had set up a small sugar milling plant at Kanpur in the year
 1942. 
 The mill experienced acute shortage of cane and consequently the
 plant 
 was shifted to present site at village Masodha, P.O Motinagar, Dist.
 Faizabad 
 between 1949 and 1950.
 
 During the year 1971 the firm was converted into Private Limited
 Company 
 known as K. M. Sugar Mills (Pvt.) Ltd., and got registered with the
 Registrar of 
 Companies, Uttar Pradesh, Kanpur. The Company became a deemed public
 
 company in the year 1974 in terms of provisions 43A of the Companies
 Act. 
 The Company was converted back to a Private Limited Company under 
 Section 43A (2A) of the Companies Act. in the year 2002. The Company
 was 
 again converted into a public limited company with effect from April
 20, 2005
 
 At the time of the conversion of the firm into a Private Limited
 Company in 1971, 
 Mr. L. K. Jhunjhunwala joined as Managing Director. During the year
 1979, 
 Singhanias transferred their stake in the Company to Jhunjhunwalas.
 
 Our Company expanded the sugar cane crushing capacity from 1800 TCD
 to 
 2500 TCD in the year 1980 and crushing capacities were increased from
 2500 
 TCD to 3500 TCD in the year 2000 and further to 4500 TCD in the year
 2002. 
 The Company is now planning to increase its capacity upto 6500 TCD.
 
 The Company started a gas division for manufacturing of Industrial
 Oxygen Gas 
 and  Liquid Nitrogen in the year 1988 and the gas division was
 expanded to 
 manufacture Dissolved Acetylene Gas in the year 2000. The technology
 of the 
 gas division became obsolete over a period of time and management
 decided to 
 close down this division in the year 2005. 
 
 The distillery division of our Company was set up in the year 1995 to
 manufacture 
 Rectified Spirit (45 KLPD) and Extra Neutral Alcohol (20 KLPD). In
 the year 2003 
 the division started production of Ethanol (30KLPD) and in the year
 2004 the Extra 
 Neutral Alcohol plant was modified to produce Ethanal and thereby
 increasing the 
 total Ethanol production capacity to 50 KLPD.
 
 Our Company started production of Bio-Fertilizer using the by product
 of the sugar 
 and distillery division ie. Press mud and spent wash in the year
 2000.
 
 Our Company has also received the ISO 9001:2000 certification in 2003
 for 
 manufacture of white sugar.
 
 Under Mr. L.K. Jhunjhunwalas guidance, the Company has made steady
 and 
 consistent progress year after year. He became the Chairman of the
 Company in 
 the year 2002.
 
 Our Companys turnover has grown from Rs. 5141 lacs in FY2000 to Rs.
 8636 
 lacs in FY2004 and Net profit grew from Rs. 27.59 lacs in FY2000 to
 Rs. 550.31 
 lacs in FY2004. Our turnover for the three month period ended 31st
 December 2004 
 is Rs. 3821 lacs with profit after tax of Rs. 275 lacs.
 
 The present management of KMSM is vested with the board of directors
 comprising 
 Mr. L. K. Jhunjhunwala as the Chairman, Mr. Aditya Jhunjhunwala as
 Managing Director 
 and Mr. Sanjay Jhunjhunwala as Jt. Managing Director and other
 directors as mentioned 
 under the heading Management.
 
 Mr. P.C. Jhunjhunwala was one of the promoters of our Company. He
 shifted his 
 base in early eightys to Mumbai to concentrate on his other business
 interests. Though 
 he continued to be on the board as Non Executive Director, he did nt
 take active interest 
 in the business of the Company due to his other business interests.
 
 In view of managements policy to comply with the Corporate
 Governance norms, the 
 non- executive directors Mr. P C Jhunjhunwala and Mr. Sanjay Modi
 resigned from Board 
 and Mr. D K Kapila, a professional director was inducted on the board
 with effect from 31st 
 March 2005.
 
 2000
 
 -Increased in crushing capacity from 2500 TCD to 3500TCD
 
 2002
 
 -Distillery division achieved record production of 1,11,58,328 litres
 of Rectified Spirit
 
 2003
 
 -ISO 9001:2000 certification by ICS
 -Started Production of fuel grade Ethanol
 -Increased crushing Capacity from 3500 TCD to 5000 TCD
 
 2004
 
 -Started implementation of Total productivity Maintenance (TPM).
 
 2006
 
 -Capacity increased from5000 TCD to 6500 TCD
 
 -K M Sugar successfully completes expansion of sugar division  form
 4500 TCD to 6500 TCD.
 
 2007
 
 -The Company has recommended a dividend of 15% (Rs 1.50 per share) on
 the equity shares of face value of Rs 10 each.
 
 2008
 -Commissioning of 25 MWh Co- gen plant.
 
 -K M Sugar Mills Ltd has appointed Mr. S K Gupta as Non Executive
 Independent Director of the Company till the next Annual General
 Meeting in the Board Meeting held on December 29, 2007.
 
 2010
 
 -Company has splits its Face value of Shares from Rs 10 to Rs 2
 
 2013
 
 -K M Sugar Mills Ltd has appointed Mr. P. N. Mathur as aNominee
 Director on behalf of Punjab National Bank.
 
 2014
 
 -K M Sugar Mills Ltd has formed a SPV subsidiary with the name and
 style of M/s. K.M. Energy Private Limited. The basic purpose of SPV
 is to make bid for power / energy project.
 
 - Production Capacity increased from 6500 TCD to 9000 TCD.
 
 2016
 -K M Sugar Mills Ltd has informed that M/s. K.M Energy Private
 Limited, being the subsidiary of the Company, which was awarded 5 MW
 Solar Project by U.P.NEDA, has successfully commissioned its 5MW
 Solar Power Project at Village Bendo, Panwari, Distt. Mahoba (U.P.)
 India and started supply of Electricity to M/s. U.P. Power
 Corporation, U.P.
स्रोत: रेलीगरे टेचनोवा

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