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Home > Business India > Company Profiles: Navneet Publication (India) Ltd.

Navneet Publication (India) Ltd.
Registered Office : Navneet Bhavan Bhavani Shankar Road Dadar (West) Mumbai Maharashtra - 400028 Tel: 66626565
Business Group: Navaneet Group Industry Type: Printing/Publishing/Stationery
Key Officials:
Mr. Shantilal R Gala
Mr. Hasmukh Gadhecha
Mr. Jaisinh K Sampat
Mr. Harakhchand R Gala
Mr. Shivji K Vikamsey
Mr. Liladhar D Shah
Mr. Ashok M Nadkarni
Mr. Dungarshi R Gala
Mr. Jitendra L Gala
Mr. Kamlesh S Vikamsey
Mr. Amarchand R Gala
Mr. Vijay Rai
Dr. R Varadarajan
Director
Director
Joint Managing Director
Director
Chairman / Chair Person
Director
Director
Director
Director
Director
Managing Director
Director
Director
Public Issue Date: Not Available BSE CODE: 508989 NSE CODE: NAVNETPUBLEQ
Face Value: 2 Market Lot: 1 ISIN: INE060A01024
Current PE: 7.0087 Current Market Capital: 376.8561
Promoters %: 61.8076
Promoters Shares: 58893975
Institution Investment %: 13.3621
Institution Investment Shares: 12732239
Auditor:
Ghalla & Bhansali
Banker:
Registrar:
Intime Spectrum Registry Ltd. C-13 Pannalal Silk Mills Compound LBS Marg Bhandup (W)Mumbai 400078 Maharashtra 25960320
Company History:

- The Company was incorported on 18th September and obtained theCertificate of Commencement of Business on 12th October 1984. It waspromoted by Jaisinh Kanji Sampat Chatrabhuj Kanji Sampat and DilipChatrabhuj Sampat.

- The Company carry on business as printers publishers of educatibooks newspapers journals etc. A new printing press was set up atDantali in Gujarat incorporating latest printing technology andperforming varied production functions like printing binding etc.

- 70 No. of equity shares subscribed for by Signatories to theMemorandum of Association. 4 99 930 No. of equity shares then issuedat par of which 1 99 930 shares were reserved and allotted topromoters directors friends etc. The remaining 3 00 000 shares wereoffered for public subscription during November 1984 (all were takenup).

1986

- 12 00 000 Rights equity shares were offered at par in prop. 12:5during January 1987 (all were taken up).

1991

- The Company has changed its name from Bookwing Publications & TradingCo. Ltd. to Navneet Publications (India) Ltd. with effect from 22ndNovember.

1992

- The Company has set up export division to export paper stationeryproducts during the year.

- The Company installed computerised weighing system to check thewastage and effect corrective actions. One photo type setting machine imported from USA was installed.

- The Company has entered into agreement with the publishers acquiringlicence to publish more than 2000 titles.

1993

- The Company was successfully implemented itsexpansion-cum-diversification project. The Company is setting up anadditional unit at Daman for manufacturing paper stationery items andeducational books involving a total project outlay of Rs 700 lakhs.

- 15 00 000 shares allotted at par to publishers and their nominees.15 52 400 shares issued to public (prem. Rs 50 per share) throughprospectus.

1994

- 16 00 000 No. of Equity shares of Rs 10 each at a premium of Rs 10per share allotted on conversion of Fully Convertible Debentures.

- The Company is setting up an additional unit at Daman formanufacturing paper stationery items and educational books1.

- The Company has installed 4 Wind Electric Generators.

1995

- 31 76 200 No. of equity shares allotted as bonus shares in the ratioof 1:2.

- The Company also installed a state-of-the-art `Notebook-On-Line'machine in the year at Daman.

1997

- The company had signed the agreement with the National securityDepository Ltd. (NSDL)

1998

- CRISIL has re-assigned its highest rating of P1+ (pronounced as P oneplus) for the commercial paper programme of the company indicatinghighest safety.

1999

- The company was selected to receive the Analyst Award 1999 from theInstitute of Chartered Financial Analysts of India.

- The company has acquired three registered trademarks Navneet Vikasand Gala from three partnership firms.

- The company has decided to open the chain book stores throughout thecountry and has made a foray into electronic publishing with the launchof their first interactive CD-Rom titled `The World of TalkingPictures'.

2000

- The company has set up a new business unit of electronic publishing to keep pace with technology.

- The P1+ rating assigned to the CP issue of the Company has beenreaffirmed by Crisil.

- Navneet Publication (India) Ltd. has tied up with the SingaporeTourism Board (STB) to celebrate the Millenniamania a series of eventsand festivals.

- The Company has acquired 100 per cent equity shares of NavneetEdutauinment Ltd. Accordingly Navneet Edutainment Ltd has become 100per cent subsidiary of the company.

- The Company has been allotted 49 98 500 No. of equity shares of Rs10/- each (Rs. 3/- per share paid-up) of Navneet Edutainment Limited awholly owned subsidiary of the company

2001

- The Company has introduced another book in its ongoing series AVision of India.

- Navneet Edutainment Ltd. a wholly-owned subsidiary of the company allotted 1 50 000 No. of equity shares of Rs 10 each to Nilesh S. Shah Management Consultants on March 29 2001

2002

-Commences Commercial Production at Silvassa unit II of the company for the manufacturing of a range of stationary products.

2003

-The members approves the delisting of equity shares of the company from the Ahmedabad stock exchange and Saurashtra Kutch Stock Exchange Ltd.

2004

-Equity shares delisted from Ahmedabad Stock Exchange

2005

-Delists securities from the Saurashtra Kutch Stock Exchange Ltd w.e.f. March 31 2005.

2007

-Navneet Publications Ltd. has appointed Mr. Amit D. Buch has as the Company Secretary and Compliance Officer of the Company w.e.f. 4th June 2007.

(Source: RTGSL)


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