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ગ્રેવિટા ઇન્ડિયા > કંપનીનો ઈતિહાસ > Miscellaneous > કંપનીનો ઈતિહાસ ના ગ્રેવિટા ઇન્ડિયા - બીએસઈ: 533282, ઍનઍસઈ : GRAVITA

ગ્રેવિટા ઇન્ડિયા

બીએસઈ: 533282  |  ઍનઍસઈ : GRAVITA  |  ISIN: INE024L01027  |  Miscellaneous

કંપનીનો ઈતિહાસ - ગ્રેવિટા ઇન્ડિયા
Our Company was originally incorporated as Weldtech Private Limited in
 the State of Rajasthan on 
 August 4, 1992 under the Companies Act, 1956 vide certificate of
 incorporation issued by Registrar of 
 Companies, Jaipur.. The name of the Company was changed to Gravita
 India Private Limited with effect 
 from August 2, 1996 and subsequently company was converted into
 Public Limited vide a fresh certificate 
 of incorporation dated 13th August, 1996 from Registrar of Companies,
 Jaipur.  
 
 We started our business with welding and surface coating and were
 appointed as stockist of Eutectic 
 Division of Larsen and Toubro for state of Rajasthan. Later we
 entered into arena of manufacturing of Lead 
 products from the battery scrap and set up a manufacturing unit at
 Jaipur with a capacity of 600 MT per 
 annum. In the year 1996-97 with the objective of forward integration
 the company diversified into Grey 
 Oxide, Litharge and Red Lead. During the year 2000 there was change
 in the duty structure of import and 
 export of lead products which badly affected the health of the
 secondary lead producers and we were part 
 of the same. The company had to stall its operation on account
 non-repayment of dues to banks but 
 revived its operation in the year after the settlement of the same.
 Since 2005 the Company has taken the 
 adequate measure to diversify the product range and expand its market
 to insulate itself from changes in 
 regulations and duty structures. Also the strategy to built plants in
 different locations globally and service 
 local markets as well as source raw material from different parts of
 the world has created a strong 
 foundation for the Company.  
 
 Presently, we are an ISO 9001:2008 and ISO 14001:2004 certified
 company and a certified Star Export 
 House by Director of Foreign Trade, India under Ministry of Commerce
 and Industry with a wide range 
 of lead products. We also have the ability to set up turnkey plants
 through our subsidiary, Gravita Exim 
 Limited which has gained substantial experience by executing 27
 projects in 21 countries.   
 
 MAJOR EVENTS  
 
 1992-93
 Incorporation of Company as Weldtech India Private Limited  to start 
 business of 
 welding technology and powder metallurgy of surface coatings 
 
 1992-93 
 Appointed as stockiest for Eutectic Division of Larsen and Toubro for
 the 
 State of Rajasthan 
 
 1994-95 
 Acquired land in Jaipur and set up of an environment friendly
 recycling 
 operation of battery scrap to produce remelted lead and poly
 propylene 
 chips with capacity of 600 MT. 
 
 1996-97 
 Changed its name to Gravita India Pvt. Ltd and then later converted
 into 
 Public Limited Company 
 
 1996-97
 Ban on import of battery scrap by Government of India 
 
 1997-98 
 Diversified into manufacturing of Pure Lead 
 
 Installation of new plant for manufacturing of Grey oxide, Red Lead
 and 
 Litharge
 
 1999-00
 Reduction of import duty structure on import of litharge from 35% to
 5% 
 made the lead manufacturing environment non-viable 
 
 First export of the Company 
 
 2000-01 
 Default on payment of loans to bank resulted in Lock Out for five
 years  
 
 2005-06 
 Settlement of Outstanding with Banks 
 
 Re-commencement of business operation 
 
 2006-07 
 First Subsidiary of the Company 
 
 Crossed Turnover of Rs.20 crores 
 
 2008-09 
 Acquired Gravita Exim Limited a group company dealing in turnkey 
 solutions for lead processing plants.
 
 
 2008-09
 Crossed Turnover of Rs.50 crores 
 
 2009-10
 Crossed Turnover of Rs.100 crores 
 
 MAJOR AWARDS AND RECOGNITION 
 
 2007 
 Certified ISO 9001:2000 by Bureau Veritas Certification (India) Pvt.
 Ltd 
 
 Certified ISO 14001:2004 by United Registrar Systems Limited (India)
 
 
 Gravita Exim Limited awarded Niryat Shiromani Puruskar  
 
 2008 
 Associate Member of the Federation of Indian Chambers of Commerce and
 
 Industry 
 
 Presented Technical paper on battery recycling in conferences of
 India 
 Lead Zinc Development Association at Hyderabad, Mumbai, Delhi and 
 Jaipur  
 
 2009 
 Received Certificate of Recognition as Star Export House issued by 
 Office of the Joint Director General of Foreign Trade 
 
 2010 
 Certified ISO 9001:2008 by Bureau Veritas Certification (India) Pvt.
 Ltd.
 
 2011
 
 - Mrs. Leena Jain has been appointed as Company Secretary and
 Compliance Officer of the Company.
 
 - Board recommended final dividend of Rs. 4/- per share on the equity
 share of Rs. 10/- each.
 
 - Gravita signs joint venture with Saudi Arabia’s Best Group.
 
 - GravitaIndia - Gravita enters into Joint Venture with best group of
 Saudi Arabia.
 
 2012
 
 - Board has recommended a Final Dividend of Rs. 0.60/- per share on
 the equity share of Rs. 2/- each.
 
 - Gravita India sells entire stake in Gravita Honduras.
 
 - GravitaIndia - Gravita India Limited skim off its stake in Gravita
 Honduras.
 
 -Company has splits its Face value of Shares from Rs 10 to Rs 2
 
 2013
 
 -Gravita India Ltd has been awarded as India SME 100 Awards.
 
 -Gravita India Ltd has received Inc. India 500 Award for the year
 2013.
 
 2014
 
 -Gravita India Ltd has been received 'NIRYAT SHREE' Gold trophy in
 Engineering and Electronics Sector-MSME Category.
 
 -Gravita India wons export order worth Rs 230 crore rom leading metal
 trader for Asian and US market.
 
 2015
 - GRAVITA selected among top 100 innovative companies by Inc India
 - Gravita signed MOU with HeliostatSA, Australia
 - Gravita Awarded with IIM Non- Ferrous Best Performance Award
 - Gravita India wins Non-Ferrous Best Performance Award 2014-15
 
 2016
 -Gravita India Ltd. recives, Gravita bags prestigious NIRAYAT SHREE
 award
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