Company Profile
 

 

Brief History of the Company:

The Company was incorporated under the Companies Act, 1956 on 26th July 1985 under the name and style of Gujarat Bitumen Limited. The Company was engaged in the business of Asphalt and manufacture of all grades of Asphalt and its allied products. In the year 1986, the Company had bring their Initial Public Offer of 6,00,000 equity shares @ Rs. 10/- each.

Presently the main business of the Company is in trading in textile.

At present the Company is listed at BSE Limited having scrip code 539009 with the paid up capital of Rupees 5.00 crores. The Company’s registered office is F – 901, Titanium City Centre, Nr. Sachin Tower, 100 Ft Road, Satellite, Ahmedabad – 380015.

 

Main objects of the Company:

To carry on business in India or abroad as merchants, traders, manufacturers, buyers, sellers importers, exporters, dealers in collectors, distributors or any other capacity in India or elsewhere and to import, export, buy, sell, distribute, acquire and also to dispose off, discard demolish or otherwise trade and deal in merchandise, goods, machinery and equipment including agricultural products, vanaspati, tobacco products, cigarettes, food and dairy products, sugar, merchandise machinery, spares, accessories, all or any of them related to industries such as textiles, including yarn, jute, wool silk, garments glass and glass products, synthetics, electrical, electronics, scientific, automobile, auto ancillaries, tyres chemicals (organic or inorganic, specialities), also to assemble, erect, install, distribute, repairs, maintain, alter, lease or hire, sell on hire purchase or installment system of all the above mentioned and also microprocessor based mini computers and data processing system, all types of software, calculators, personal computers, super computers, pocket computers, engineering computers, dyes and pigments, alkalies, petrochemicals, polymers, oil and lubricants, personal care products, cosmetics, pharmaceuticals, fertilizers, pesticides, agrochemicals, soaps and detergents, soda ash, starch minerals, stones, granites and marbles ceramics, precious stones, precious metals, leather and leather products, leather chemicals, tea, coffee, betel nut, gambier, cashew nuts, piece of arts, jewellery, ornaments, precious and semi-precious stones, diamonds, marble and other stones, stones, metals, coke, steels, aluminium, copper, zinc, ferro alloys, bearings, castings, forging cables, pipes, tubes, cements and cement products, paper, printing and stationery, paints, varnishes, plastic and plastic products, moulded luggage, packing and packaging materials, rubber and rubber products, musical and sports, goods, photographic and garments, livestocks, books, abrasives, aerated water, watches and accessories, airconditioners, refrigerators, compressors, pumps, engines, hydraulics, drilling equipment, industrial gas, machine tools, medical accessories, disposables, fire protection equipment, pollution control equipment, electrical, lighting system, electrodes, computers and peripherals, hardware, software, entertainment, electronic media, software domestic appliances like cookers, fans, mixer office equipments like photo-copiers, electronic media like television, audio, video appliances, typewriters and other goods commodities, products things spare, accessories, no money circulation scheme shall be carried out by the company.

 

Business Activity

Earlier, the main business of the Company was into infra activities and construction of roads from Bitumen and other allied products.

However, the Company had changed its business activity and currently the Company is dealing in textile sectors. The Company procures raw material such as yarn, fabric, readymade garments, etc from the wholesellers or manufacturers and trade the said items under trading or wholesale basis.