Madhusudan Industries Ltd Share Price

Madhusudan Industries, incorporated on August 27, 1945, is a Gujarat-based company engaged in the edible oil business. Earlier known as Madhusudan Vegetable Products Company, it got its present name on December 09, 1987.

The company, trading in refined edible vegetable oil, laundry soap, and de-oiled cakes, sells its products under established brands like Madhuram, Mahek and Madhuras. It completed winding up its edible oil manufacturing business by July 2006 with the sale of its unit at Nimbahera in the Chittorgarh district of Rajasthan. Plant and machinery and a wind farm at Rakhial in the Gandhinagar district of Gujarat have also been disposed, but the administrative and logistic infrastructure remains intact to tap new business opportunities.

The registered office of the company is located at Rakhial - 382315, Dehgam taluka, Gandhinagar district, Gujarat.

Subsidiaries

• Madhusudan Fiscal.

Business area of the company

The company is engaged in manufacturing of vanaspati refined oils, de-oiled cakes, soaps, vitreous china sanitaryware and ceramic tiles. Products of the Company are marketed under the names of Cera sanitaryware, Cera tiles and Madhuram vanaspati.

Milestones

• 1945 - The company was incorporated on August 27, 1945 under the name and style of Madhusudan Vegetable Products Company.
• 1980 - The company diversified its activities by setting up a ceramic sanitary unit at Kadi, Dist. Mehsana with an installed capacity of 3,600 tonnes per annum.
• 1986 - The company set up a ceramic tiles unit with an installed capacity of 3,500 tonnes per annum.
• 1987 - The name of the company was changed to Madhusudan Industries and a fresh certificate of incorporation, consequent thereupon was issued by the Registrar of Companies, Gujarat at Ahmedabad on December 9, 1987.
• 1988 - The company privately placed with UTI, LIC and GIC and its subsidiaries 14% non-convertible debentures. These debentures are redeemable at 5% premium on expiry of the 7th year from the date of allotment of the debenture.
• 1990 - Ujala King Inamotsav 90, a scheme was introduced by the company for consumers, retailers and stockiest.
• 1991 - The company undertook a major modernisation and technology upgradation-cum-expansion programme at its sanitary ware unit for which a Memorandum of Understanding was signed with Lisland, U.K. Lisland, U.K. were to assist in formulating and executing the upgradation-cum-expansion programme involving replacement of existing tunnel kilns by new fuel efficient tunnel kilns, semi-automation in raw-material handling, glaze improvement, etc.
• 1991 - The company undertook to set up a new solvent extraction plant with an installed capacity of 250 TPD at Nimbahera in Chithorgarh District of Rajasthan.
• 1994 - The company installed an expander along with balancing equipments at Nimbahera units with a view to meet dumping of imported edible oil through Government owned Co-operative institutions at discriminatory import duty.
• 1994 - A new electrostatic glazing system was being installed in the sanitary ware division. The Company was in the process of setting up a new ceramic tiles unit near Baroda with an installed capacity of 22,000 TPA.
• 1994 - The company entered the power sector by installing ten wind turbine generator at village Patelka in Saurashtra.
• 1996 - The Electrostatic glazing system and new Heimsoth Kiln were commissioned during the year. Production and sales were affected by the partial shutdown of the solvent plant during the first quarter of the year.
• 2000 - The Company had undertaken modernization cum balancing equipment project at its Sanitaryware Unit, in Kadi.
• 2001 - Madhusudan Ceramics, the sanitaryware division of Madhusudan Industries, has launched the country's first of its kind single piece Monoblock EWC with flushing cistern.