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3M India Ltd

BSE: 523395 | NSE: 3MINDIA ISIN: INE470A01017
Market Cap: [Rs.Cr.] 12,916.10 Face Value: [Rs.] 10
Industry: Trading

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Company Profile

3M India Ltd is a diversified manufacturer, technology innovator and marketer of a wide variety of products. The company has worldwide presence spanning Consumer & Office, Display & Graphics, Electro & Communications, Healthcare, Industrial & Transportation, and Safety, Security & Protection services. The 3M technology solutions expertise has been tried and tested for performance, safety, value & productivity in markets that include Aerospace, Railways, Highways, Defense, Security, Mining, Health, Oil & Gas, Telecom and Marine in India and across the globe. They are having their manufacturing facilities at Bangalore, Ahmedabad, Pune and Pondicherry. The company operates in five business segments. Industrial business segment products include paper tapes, coated and non-woven abrasives, and speciality adhesives. Automotive and speciality materials markets provide a range of design and engineered solutions to automotive original equipment manufacturers and ancillary industries, and corrosion protection and glass bubbles solutions for oil and gas pipelines, and others. The healthcare segment offers products and services for skin and wound care, infection prevention, dental, orthodontic, drug delivery and food safety markets. Traffic and safety markets products include commercial graphics systems, reflective sheeting for transportation safety, optical films, solutions for electronic displays and passport readers. Consumer and office markets brands include Scotch, Scotch-Brite, Nomad and Post-it. 3M India Ltd was incorporated in the year 1987 with the name Birla 3M Ltd. The company was changed into a public limited company in April 1989. In February 1990, they inaugurated Customer Tech Centre in Bangalore. In the year 1994, the company opened Customer Sales Centre at Chennai, Kolkata and Bangalore. In November 1995, they opened a new warehouse in Bangalore. In February 1996, the company inaugurated Graphics Production Centre. Also, they opened new warehouse in Mumbai. In December 1996, they opened their second Customer Sales Centre in Bangalore. In the year 1997, they opened a warehouse in Chennai. In the year 1998, the company opened the new Customer Sales Centre with expanded facilities at Delhi. Also, they inaugurated Innovation Center at Bangalore. In June 2000, the company acquired the business of Autostriping India, which develops and produces graphics for two wheelers and the company also inaugurated the centralized Corporate Office. In December 2002, the company name was changed to 3M India Ltd. In the year 2004, the company inaugurated a Manufacturing Facility for Corrosion Protection Products in Ahmedabad, Gujarat. In the year 2006, they acquired Mahindra Engineering & Chemical Products Ltd. In October 2007, they acquired Macroworx Media Pvt Ltd. The company executed of new manufacturing plant at Pune in Maharashtra and expanded the manufacturing facility at Ahmedabad in Gujarat. In the year 2008, the company increased the production capacity of Self Adhesive Labels from 40,000,000 Nos to 50,000,000 Nos. The company is in process of establishing a new R&D facility in Bangalore to develop products for local markets. The new facility in India is expected to be completed by the fourth quarter of 2010.

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Key Information

Key Executives:

B V Shankaranarayana Rao , Whole-time Director

B S Iyer , Chairman

V Srinivasan , Company Secretary

Albert C Wang , Director

Company Head Office / Quarters:

Plot No 48-51 Electronics City,
Hosur Road,
Phone : Karnataka-91-80-28520203 / Karnataka-
Fax : Karnataka-91-80-28520576 / Karnataka-
E-mail : 3mindia.investorshelpdesk@mmm.com
Web : http://www.3m.com/in


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