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Home > Business India > Company Profiles: Nicco Parks & Resorts Ltd.

Nicco Parks & Resorts Ltd.
Registered Office : 'Jheel Meel' Sector IV Salt Lake City Kolkata West Bengal - 700106 Tel: 23578101-03
Business Group: Nicco Group Industry Type: Travel Agen. / Tourism Deve. / Amusement Park
Key Officials:
Mr. Anand Chatrath
Mr. Srikandath Narayan Menon
Mr. Rajive Kaul
Mr. Sujit Poddar
Ms. Pallavi Priyadarshini Kaul
Mr. Tapan Chaki
Mr. T V Narasimha Rao
Mr. Surisetti Kishore
Mr. Arijit Sengupta
Ind. Non-Executive Director
Non Executive Chairman
Non Exe.Non Ind.Director
Ind. Non-Executive Director
Non Exe.Non Ind.Director
Ind. Non-Executive Director
Nominee Director
Nominee Director
CEO & Wholetime Director
Public Issue Date: 06/12/1994 BSE CODE: 526721 NSE CODE: Not Available
Face Value: 10 Market Lot: 1 ISIN: INE653C01014
Current PE: 14.479 Current Market Capital: 18.5328
Promoters %: 57.671
Promoters Shares: 2699001
Institution Investment %: 7.1982
Institution Investment Shares: 336874
Auditor:
Price Waterhouse
Banker:
Registrar:
R & D Infotech Pvt.Ltd. No. 22/4 Nakulaswar Bhattacharjee Lane Kolkata 700026 West Bengal 24631657 24631658
Company History: Nicco Parks & Resorts Ltd. was incorporated on March 17 1989 as a Joint Sector Company with National Insulated Cable Co. Ltd. (now Nicco Corporation Ltd.) from the private sector and the Government of West Bengal represented by West Bengal Industrial Development Corporation Limited (WBIDC) and West Bengal Tourism Development Corporation Limited (WBTDC) to set up an Amusement Park on the outskirts of Calcutta. The Certificate of Commencement of Business was obtained on March 31 1989.

The purpose of the project was to provide wholesome fun thrill and educative family entertainment and also to attract tourists to the State. The project was implemented successfully with technical advice from Blackpool Leisure & Amusement Consultancy Ltd. of U.K. The Park was opened to the public in October 1991. The project received favourable response from the people of West Bengal and tourists coming to the State.

PRESENT BUSINESS OF THE COMPANY

The objective of the Park is to provide wholesome fun and educational recreation. Apart from the various rides it also has a popular Food Park. The Park has received favourable response and blue-chip companies like ITC TISCO Brittania Industries Bata Nestle Smith Kline Beecham Union Carbide Dunlop ANZ Grindlays Duncans Goodricke Cadburys are using the Park to promote their products by sponsoring rides and other forms of advertisements in the park premises. The installation of the Solar Energy Village depicting the various uses of this alternative form of energy has also received favourable responsefrom the public and is in keeping with Company's policy of providing educative inputs coupled with entertainment.

The following facilities are currently available at the Park:

a. Various rides like Cable Car Children Flume Ride Crazy Cycle Kontiki Raft Lazy River Ride Merry Go Round Striking Car Moonraker Paddle Boats Tilt-A-Whirl Toy Train Tumble Tosser Water Chute Water Merry Go Round Aqua Cycles and Video Games.

b. A unique multi cuisine Food Park which houses Calcutta's leading restaurants like Kwality Pepsi May Fair China Bowl Shiraz and Nizam. The Food Park can accomodate 500 people at a time.

c. Apart from the Food Park other food and beverage outlets selling products of leading companies like Nestle Cadbury ITC Goodricke Duncans Farini are also available in the Park.

d. A Green House run by the Indo American Hybrid Seeds Ltd. which sells a variety of plants.

e. A Souvenir Shop for visitors.

f. A Solar Energy Village which exhibits the use of this nonconventional source of energy in community life.

g. Other facilities like shuttle bus service and First Aid Centre.

2007

-Nicco Parks & Resorts Ltd has appointed Mr. Srikandath Narayan Menon son of Mr. Chengat Sankara Menon as an Additional Director of the Company with effect from April 27 2007.

(Source: RTGSL)


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