Company History: K.J. INTERNATIONAL LTD (hereinafter referred to as KJIL) was incorporated as a Private Limited Company on 12th April 1991 under the name and style of K.J. OVERSEAS PVT. LTD. K.J. Overseas Pvt. Ltd was formed for the purpose of processing and export of agricultural produce. The company was engaged in export of Ginger basically toPakistan during the financial years 1992-93 and 1993-94. During the period the main business activity of the promoters was to process and export rice which was being undertaken in K.J. International Export Division a partnership firm. Subsequently the name of the company K.J. Overseas Pvt. Ltd. was changed to K.J. lnternational Pvt. Ltd. and a fresh certificate of incorporation was obtained dated 10th November 1993. The Company was subsequently converted into a Public Limited Company on 30th December 1993 vide orders dated 21.01.94.With effect from the 1st April 1994 the Company took over M/s K.J. INTERNATIONAL EXPORT DIVISION (hereinafter referred to as KJIED) an existing profit making partnership firm vide the take over agreement dated 1st April 1994.
KJIED a partnership concern was established in 1987 to carry on the business of processing and export of Basmati Rice. It was promoted by the Arora Brothers who are into Rice business since 1979. From a small turnover of Rs.274 Lakhs in 1988-89 the firm made an impressive growthwith its turnover touching Rs.3435.66 lakhs for the year 1993-94. In a short span of 5 years KJIED has become one of the leading exporters of Basmati Rice and for its excellent performance in exports was awarded the APEDA award for three consecutive years - 1991-92 1992-93 &1993-94.
Initially KJIED was getting the rice processed at the facilities of K J. International Karnal and also with other rice millers at Bundi Raiasthan. In 1992 KJIED started implementing a rice mill with a capacity of 2 TPH al Bundi to meet the growing export demand for BundiBasmati Rice. The unit went into commercial production in March 1993.By November 93 the capacity was increased to 4 TPH. The capacity of the Bundi unit was further expanded to 10 TPH with financial assistance of Rs. 237 lakhs from Union Bank of India and the rest from internal accruals. The additional capacity has come into commercial production from July 1994. The other unit at Karnal with installedcapacity of 5 TPH was taken on lease from the associate concern K J International. The Bundi unit is manutacturing exclusively parboiled Rice whereas the Karnal unit is being used for manufacturing both RawBasmati Rice & Sella Basmati Rice. KJIL has taken over all the assets and liabilities at book value as per audited Balance Sheet as on 31st March 1994 including all the quotas rights licenses trademarks registrations allotments and/or recommendation by the State Govt. orCentral Govt. or Reserve Bank of India and other rights and privileges. As such the ownership of all the plant and machinery land and buildings and other assets rests with the Company.
