Ashco Niulab Industries Ltd Company Summary

Ashco Niulab Industries Ltd Summary

Incorporated in 1986 as a private limited company, Ashco Industries, earlier Datalab (India) was converted into a public limited company in 1994. It was promoted by a technocrat, Ashok Kotwani. Datalab Manufactures and deals in analytical instruments and weighing scales and spectroscopic products for the export market.The comapny is having technical collaborations with Italy and Australia to manufacture gas chromatographs and atomic absorption spectrophotometers respectively.The company is the exclusive authorised dealer in India for some of the world leaders in this field like Mettler Toledo, Switzerland; GBC Scientfic Equipment Ptv Ltd, Australia; MIDAC, US; etc. Datalab enjoys a market share in analytical, precision and carat balance sales. A public issue was made in 1995 to finance the expanion-diversification programe.In 1995-96, the company has set up its expansion project for the manufacture of analytical instruments at Silvassa instead of Vasai.The commercial production has commenced from Nov95.