Promoted by S P Goenka, Kitply Industries (formerly Sudershan Plywood Industries) went public in Aug.85. It manufactures plywood and particle boards and markets them under the Kitply and Swastik brands. The company is well known for introducing new varieties of plywood periodically. In 1989, Sudershan Plywood industries changed its name to Kitply Industries.In Sep.92, it came out with a rights issue at a premium of Rs 20 to finance expansion, diversification and modernisation programmes at its various units (six all over Assam, Maharashtra, UP and Andaman). Kitply Industries modernised its plywood units to enable it to manufacture value-added products. As a diversification venture, it merged Global Sugar with itself. It also set up a sugar unit from the proceeds of the public issue in Feb.95. The company, through diversification programmes, added to its product range including flush door, fireguard -- a fire resistant plywood -- plastic-coated shuttering plywood, marine plywood, veneered particle boards, velort plywood, etc. In 1995-96, the company has started production of sugar at Rupapur, Dist. Hardoi, UP in Jan96. The company has introduced slicing process which has significantly increased the face yield of raw materials.
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.