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Home > Business India > Company Profiles: Time Technoplast Ltd.

Time Technoplast Ltd.
Registered Office : 213 Sabari Apartment Building No. 1 Kachigam Daman Daman & Diu - 396210 Tel: 2240156
Business Group: Not Applicable Industry Type: Packaging - Plastics
Key Officials:
Mr. Hans-Dieter von Meihom
Mr. Sanjaya Kulkarni
Mr. Kartik C Parija
Mr. Anil Jain
Mr. Meibom
Mr. K N Venkatasubramanian
Mr. RaghupathyThyagarajan
Mr. M K Wadhwa
Mr. Bharat Vageria
Mr. Naveen Jain
Non.Exe.Independent Director
Non Exe.Non Ind.Director
Non Executive Director
Managing Director
Managing Director
Chairman(NonExe.&Ind.Director)
Whole Time Director
Non.Exe.Independent Director
Whole Time Director
Whole Time Director
Public Issue Date: 18/05/2007 BSE CODE: 532856 NSE CODE: TIMETECHNOEQ
Face Value: 1 Market Lot: 1 ISIN: INE508G01029
Current PE: 8.5664 Current Market Capital: 544.089
Promoters %: 62.4395
Promoters Shares: 13066400
Institution Investment %: 17.5315
Institution Investment Shares: 3668720
Auditor:
Raman S Shah & Associates
Banker:
Registrar:
Intime Spectrum Registry Ltd. C-13 Pannalal Silk Mills Compound LBS Marg Bhandup (W)Mumbai 400078 Maharashtra 25960320
Company History: Our Company was incorporated on December 20 1989 in the name and style as Time Packaging Private Limited and in the year 1992 the name of our Company was changed to Time Packaging Limited. In view of diversified polymerproducts range and technological adoptions the name of our Company was further changed from Time Packaging Limited to Time Technoplast Limited with effect from May 01 2006.

Our current Promoters are Mr. Anil Jain Mr. Bharat Vageria Mr. Raghupathy Thyagarajan Mr. Naveen Jain Time Securities Services Pvt. Ltd. Time Exports Pvt. Ltd and Vishwalaxmi Trading and Finance Pvt. Ltd.

We are engaged in manufacture and sale of technology based polymer products catering to growth sectors of Indian economy i.e. Industrial and Consumer Packaging Solutions Life Style Products Auto Components Health Care Productsand Construction and Infrastructure related products.

Our Company started in the year 1991 and over a period of 15 years our Company has established production facilities at six different locations across the country.

Having established business in the country our Company is now in the process of venturing into overseas markets and to this end our Company is now in the process of setting up manufacturing facilities in the Middle East Europe and also entering into joint venture with Mauser Group to acquire or set up related business in other Asian countries.

Major Events

Year Key Events

1992 Started as a Small Scale Industry with production facility at Tarapur (Maharashtra)1993 Technological collaboration with the Mauser Group1994 Built new production facility at Daman (U.T.) - started manufacture of large size polymer drums1995 Established presence in South India through production facility at Hosur (Tamil Nadu)1995 Awarded MIPI symbol of quality as international recognition of product quality and systems1996 Established presence in North India through plant at Baddi (Himachal Pradesh)1998 Launched Lifestyle Products - Synthetic Turf & Matting under the brand 'Meadowz' and 'DuroTurf'1999 Launched Lifestyle Product Garden Furniture under the brand 'Regal'1999 Built additional production facility at Daman for packaging product expansion2000 Added new facility at Sahibabad for Garden Furniture & other injection moulded articles2001 Set up additional plant for PET sheets at Daman2001 Started production of plastic pails 'Conipails'2002 Further increased capacity for large size plastic drums at Daman2003 Further expanded capacity for large size plastic drums at Sahibabad for North India2004 Established joint venture company with Mauser for manufacture of Intermediate Bulk Containers (IBCs)2005 Developed & launched Anti Spray Systems (3S)2005 Set up a 100% subsidiary in UAE Sharjah2006 Set up production facility and launched Lifestyle products 'DuroSoft'2006 Started additional manufacturing facility for production of large size plastic drums at Mahad2006 Developed & launched 'Genex' medical devices (Auto Disable Syringes Blood Sampler & Face Masks)2006 Set up a 100% Subsidiary at Poland2006 Amalgamation of OMPL and SPPL with our Company.2006 Acquisition of 75% stake in TPL.2006 Entered into an MoU with TSSPL for acquisition of 49% stake in MHA (joint venture with Mauser Group) at Singapore2006 Initiated setting up of Steel Drum project in Maharashtra under Time Mauser Industries Pvt. Ltd.2007 Certificate of Compliance for successfully implementation of Quality Management System in conformance to the requirements of WHO-GMP for our auto-disable syringe & blood sampler factory manufacturing facility at Baddi

-The initial public offering of Time Technoplast which makes and sells polymer products has been oversubscribed 49.55 times having got 19.43 crore bids for the 39.21 lakh shares on the last day of the share-sale.

-Time Technoplast Ltd has acquisition of 100% shareholding in Gulf Powerbeat WLL (GPW) Kingdom of Bahrain through its subsidiary (71%) NED Energy Ltd (NED) Hyderabad. GPW has state-of-art production facility at South Alba Industrial Area Manama Bahrain for manufacture of high quality Long Life batteries.

(Source: RTGSL)


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