Company History: The Company was incorporated on 15th December.1993 as Shirdi International Engineers Private Limited. The Company changed its name to Shirdi Industries Private Limited on 9th May 1997 and a fresh certificate of incorporation was obtained. The Company was then converted into a Public Limited Company and its name was changed to Shirdi Industries Limited vide a certificate of change of name dated 12th June 1997.Since 1994 the Company introduced a new concept in the business of trading of transferable export incentives by offering forward sell options to exporters and purchase options to the importers at deferred payment basis. This business model of the Company at one end secured the service charges realizable from the exports against the various services rendered to them as while purchasing the incentives the Company has possibility of deducting or adjusting the service charges in advance in place of realizing the same after rendering the services. Similarly in case of imports options of deferred payment offered by the Company to importers resulted into sharing of business opportunities with the importers in addition to rendering the services. This approach of the Company also helped to start trading and import activities in Timber and Steel products later.
Initially the Company sold the products without any brand however after increase in volume of import the Company started selling the product under ASIS Brand. The Company also started importing several other products i.e. Prelaminated Boards Veneer Particle Board PVCa and HDF Door Skins used in furniture industry for offering integrated solution to the customers.
The Company gained experience in trading of various items required by furniture industry from 1995 to 2002 and decided to set up manufacturing facilities. Initially the Company made arrangements for manufacturing by appointing Jyoti Panels Private Ltd. as an exclusive job worker for them. Under this agreement Jyoti Panels Private Limited manufactured Door-Skin which is used for esthetic look of the doors in residential and commercial premises. The Company continued this practice from July 2002 till September 2003 and fromOctober 2003 the company took over plant and machinery and stock of raw material and finished goods. The Company also compensated Jyoti Panels Private Limited against the investments made by them in the premises for running the operations. All the plant and machinery available with Jyoti Panels Private Ltd. and other investments made at premises are now used by the Company and the Company has made further investment on plant and machinery for producing Panel Doors and Furniture Components. All these products of the Company enjoy reputation in the market and the present customers include builders in Maharashtra Karnataka Andhra Pradesh and Tamil Nadu. The Company is utilizing 100% capacity available with them at present. Due to the limitation of space and the fact that the premises used by the Company is taken on Leave and License basis it has been planned that the existing set-up will be now shifted to Uttaranchal and further investment required for expansion will be made at proposed site at Uttaranchal.
Milestones achieved by the Company
Year Milestones
1993-94 Incorporated as Shirdi International Engineers Private Limited on 15th December 1993.1994-95 The Company introduced a new concept in the business of trading of transferable export incentives by offering forward sell options to exporters and purchase options to the importers at deferred payment basis1995-96 Commencement of trading of various items required by the furniture industry.1995-96 The Company was among first few companies in India who had started importing MDF Board in 1995.1997-98 The Company was converted into a public Company and the name was changed to Shirdi Industries Limited vide a certificate of change of name dated 12th June 1997.2003-04 In October 2003 the operations of Jyoti Panels Private Ltd. an exclusive job worker for the Company were taken over by the Company2003-04 The Company also started manufacture of doors door skins & other furnishing products at MIDC Mhape Navi Mumbai
