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Home > Business India > Company Profiles: Archies Ltd.

Archies Ltd.
Registered Office : A-17 Naraina Industrial Area Phase II New Delhi Delhi - 110028 Tel: 41412222 41410000
Business Group: Not Applicable Industry Type: Printing/Publishing/Stationery
Key Officials:
Mr. Anil Moolchandani
Mr. Pramod Arora
Mr. Rohinton H Kanga
Mr. Arun Singhal
Mr. Vijayant Chhabra
Mr. Ajit Ganpatlal Shah
Mr. Jagdish Moolchandani
Mr. Sunil Behl
Chairman and Managing director
Joint Managing Director
Ind. Non-Executive Director
Ind. Non-Executive Director
Executive Director
Ind. Non-Executive Director
Executive Director
Ind. Non-Executive Director
Public Issue Date: 30/05/1996 BSE CODE: 532212 NSE CODE: ARCHIESEQ
Face Value: 10 Market Lot: 1 ISIN: INE731A01012
Current PE: 4.7941 Current Market Capital: 39.3199
Promoters %: 62.4408
Promoters Shares: 4218500
Institution Investment %: 0.2294
Institution Investment Shares: 15500
Auditor:
Uberoi Sood & Kapoor
Banker:
Registrar:
Intime Spectrum Registry Ltd. A-40 2nd Floor Naraina Industrial Area Phase-II Near Batra Banquet Hall New Delhi 110028 Delhi 41410592 41410594
Company History: 1990

- Archies Greetings & Gifts Pvt. Ltd. was incorporated on 22nd May andtook over the partnership firm. The Company was converted into aPublic Limited Company. Subsequently a fresh certificate ofincorporation was issued on 7th April 1995.

- The company is currently engaged in the manufacture and trading ofwide range of cards stationery and gift items. The companymanufactures about three lakh cards a day.

- The company entered into a technical collaboration with AmericanGreetings Corp. USA for designs. The items were sold under the brandname of "Paper Rose".

- Archies also entered into a technical collaboration agreement withGibson Greetings Inc. USA for production and marketing of theirdesigns under the brand name "Fine Expressions".

- Archies has a licence from Helpage India and institution that caresfor the less previleged and elderly people and the company creates anexclusive range of greeting cards in the name of Helpage India.

1996

- The Company designed one or more concept for sending greeting cardscalled "Forgiveness Day". The installation of some newstate-of-the-art machines increase in the number of galleries andgeneral growth in greeting card industry enabled the company toincrease its turnover and consequently its profitability.

- The company diversified into music industry and launched twocassettes `Listen to my heart' an instrumental cassette in February1997 on the occasion of Valentine's day and "Volume of Love" thecollection of Hindi pop songs in May 1997.

- The Company undertook to release one more album "Ae Mere Vatan" tocommemorate the 50th year of independence day.

- 21 04 000 No. of equity shares of Rs 10 each issued subscribed andpaid-up. 11 46 000 No. of equity shares were issued at a prem. of Rs60 per share in May of which 90 000 shares were issued and allotted topromoters directors on a firm allotment basis.

- Of the remaining 56 000 shares were reserved for allotment on apreferential basis to employees of the company (only 8 600 shares takenup). Balance 10 00 000 shares along with 47 400 shares and taken up byemployees issued to the public. Additional 3 700 shares allotted toround off.

1997

- The Company made a foray into a new venture-Music and a separatedivision. The division released 10 high quality recordings which werewell received in the market. The Company automated its productionprocess with the latest machines. Twenty nine outlets were establishedduring the year.

1998

- 76 franchisees were added and as at 31st March 1999 there were 386Franchisees.

- The Company appointed distributors in USA UK and Canada. Besidesthe company has 14 franchisees outside India.

- The company undertook to develop inhouse scanning facilities andinstall automatic envelope making machinery insert-pasting machinery automatic greeting card folding machine fully computerised papercutting machine card packing machine and five colour offset printingmachine.

- The Company came out with a novel concept of Vision 2000 stores whichwould be committed to Archies with 85% of shelf space. Moreover thestores being bigger would provide perfect ambience for shopping withnew consumer friendly furniture and fixtures of international quality.

- Also a very innovative system of recorder ticketing was introducedfor effective inventory control. Two such stores one at Nagpur andthe other at Delhi were opened.

- The Company recently introduced cards in Indian language such asMarathi cards for Sankranthi Gurumukhi cards for Baisakhi and forKhalsa Tricentenary celebrations.

- The Company also introduced advertising campaign showing people amillion ways to celebrate in the millennium and to make their occasionsextra-special with cards and gifts from the company.

- To further strengthen the position in its core business the companyentered into a tie-up with Portal Publication USA for their exquisiterange of cards posters & streamers including the best selling cards ofAnne Geddes the world renowned photographer.

- New Delhi-based Archies Greetings & Gifts Ltd (AG&G) has tied upwith Kingsley of UK to launch the `Kingsley' brand of greeting cards inIndia.

- Archies Greetings is a leader in the greeting cards segment.Besides it manufactures stationery and other gifts.

- Archies went public in 1996 with an issue of 10.56 lakh equity sharesat a premium of Rs 60 per share totalling Rs 7.40 crore. Of thecompany's Rs 3.25 crore post-issue equity 67.51 per cent shares areheld by the Moolchandanis 7 to 9 per cent by domestic funds and thebalance is with the public.

1999

- Archies Greetings and Gifts announced a 1:1 bonus for itsshareholders on an equity base of Rs 3.25 crore.

- Recently Archies has introduced its millennium 2000 and vernacularcards in Marathi Sankranti and Gurumukhi.

- Archies Greetings & Gifts Ltd (AGGL) a Delhi-based company engagedin the greeting cards and gifts business has recently test launchedits range of perfumes and deodorants for men and women and also roomfresheners as brand extensions in the gifts business.

- The New-Delhi-based Archies Greetings & Gifts (AG&G) is set tocommence valuing the `Archies' brand.

2000

- The Company has launched a new range of greeting cards which are inHindi. It has introduced a total of 45 designs.

- On the occasion of Ram Navami Archies Music a division of ArchiesGreetings and Gifts Ltd. has introduced Ram-Ramaiya a soulfulrendition of Ram Bhajans.

- Archies has introduced an attractive range of cards to celebrateEaster.

- Archies Greeting and Gifts has launched a wide range of specialcards gifts and posters on the occasion of Father's Day on 18th June.

- The Company has launched Sports Deodorant in two variants BoyzSports and Gals Sports. - The Company has launched e-cards for the forthcoming festivals ofNavroz and Ganesh Chaturthi. - Archies Greetings and Gifts Ltd. in a tie-up with Tera Jadoo ChalGaya has introduced a range of merchandise featuring the film's stars Abhishek Bachchan and Kirti Reddy. - Archies Greetings & Gifts is all set to launch its new product "Thirdparty gift" through archiesonline.com from September 16.

- The Company has launched a new range of cards on the occasion ofBijoy or Durga Puja and Vijaya Dasmi in the South.

- Archies Parfum a division of Archies Greetings & Gifts Ltd. hasintroduced a three-in-one gift pack for Diwali.

- ARCHIESONLINE.COM a 100 per subsidiary of Archies Greetings & GiftsLtd (AG&G Ltd) has launched a unique gift package for the cyber crazyfriends.

- Archies Parfun a division of Archies Greetings and Gifts Ltd. hasintroduced a `Twin Christmas Surprise' pack.

- Archies Music the music division of Archies Greetings & Gifts Ltd has launched two albums of Christmas Carols. The Joy of X'Mas and TheMagic of Christmas.

2001

- Archies Greetings and Gifts Ltd. has introduced a range of cards gifts and e-cards on archiesonline.com for Valentine's Day.

- Archies Greetings and Gifts Lts. has introduced a range of cards onthe occasion of Women's Day It has introduced eight card designs and10 e-cards.

- The Company has introduced a range of cards and e-cards to celebrateEaster on April 15.

2002-Archies Greetings & Gifts Ltd has informed BSE that the Company has tied-up with the following parties for the sale of their products through its franchise network:

Cadbury India Ltd for sale of their chocolates and other products.Taneja Mines Pvt. Ltd for the sale of their Divinity range of products.

2003-The company has unveiled a new range of HelpAge cards calendars and other stationery.

-shareholders have approved to delist equity shares from Pune Madras Calcutta Delhi Ahmedabad and Jaipur Stock Exchanges.

2004

-Archies Limited has informed that the equity shares of the Company have been voluntary delisted from the Jaipur Stock Excange Ltd. w.e.f. November 29 2003 and The Stock Exchange Ahmedabad w.e.f. January 15 2004.

-Archies Limited has informed that the Equity shares of the Company have been voluntary delsited from the following stock exchanges : 1) Madras Stock Exchange Ltd. wef January 19 2004; 2) The Delhi Stock Exchange Association Ltd. wef January 23 2004; 3) Pune Stock Exchange Ltd .wef January 23 2004.

2006

-Archies open its biggest Gallery in Pacific Taj Agra

2007

-Archies Limited has informed that: "The Company Secretary Ms Rupa Sarkar has resigned w.e.f. 8th December 2007 and Mr. P. C. Joshi will take charge w.e.f. 17th December 2007 as a Company Secretary and Compliance Officer of the Company".

(Source: RTGSL)


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