Doms Industries Ltd Company Summary

Doms Industries Ltd Summary

Doms Industries Private Limited was originally incorporated as Writefine Products Private Limited as a Private Limited Company, dated October 24, 2006, issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Thereafter, the name of the Company was changed to DOMS Industries Private Limited at Ahmedabad on April 21, 2017. Upon the conversion of the Company into a Public Limited Company,, the name was changed to DOMS Industries Limited and a fresh Certificate of Incorporation was issued to Company by the RoC on August 3, 2023. The Company is primarily engaged in manufacturing, marketing, trading and distribution of stationery products. The Company sells its products in India and in international markets. It works manufacturing facilities in Umbergaon, Gujarat and Bari Brahma, Jammu & Kashmir.The Company traces lineage back to 1973, with the formation of a Partnership Firm, R.R. Industries by the founders, late Rasiklal Amritlal Raveshia and late Mansukhlal Jamnadas Rajani, which undertook the business of manufacturing and sale of pencils and crayons. Subsequently, in 2005, another Partnership Firm S. Tech Industries was founded by certain members of the Promoter Group, to undertake the business of manufacturing and sale of polymer based scholastic stationery. In order to streamline operations and achieve integration of businesses, the Company (then known as Writefine Products Private Limited) acquired the business of these partnership firms.Further, in 2012, the Company got into a strategic partnership with FILA, a listed Italian multinational company, engaged in the supply of various art materials and stationery products, with a global presence. The partnership with FILA enabled to gain access to international markets for distribution of products, augmentation of R&D and technological capabilities, which resulted in expansion of international footprint in key American and European markets and has helped in the global distribution of DOMS brand. Further, the Company has an exclusive tie-up with certain entities of the FILA Group, for distribution and marketing for all categories of their respective products, under their name and trademark, in India, Nepal, Bhutan, Sri Lanka, Bangladesh, Myanmar, and Maldives. Doms Industries are a holistic creative products company with a leading player and brand in Indias stationery and art products market. The Company design, develop, manufacture, and sell a wide range of these products, under DOMS brand, along with other brand/sub-brands including C3, Amariz, and Fixyfix in the domestic market as well as in over 40 countries internationally, as of March 31, 2023. The Company classify well-designed and quality stationery and art material products to consumers, across seven categories: (i) scholastic stationery; (ii) scholastic art material; (iii) paper stationery; (iv) kits and combos; (v) office supplies; (vi) hobby and craft; and (vii) fine art products.The Company undertake manufacturing operations from facilities located in Umbergaon, Gujarat and Bari Brahma, in Jammu and Kashmir. They are vertically integrated with operations such as procurement of raw materials, moulding, assembling, integration ofsub-assemblies into finished products being done at the manufacturing facilities in Umbergaon. The domestic distribution networkfor general trade comprises of over 100 super-stockists, and 3,750 distributors along with a dedicated sales team of over 450 personnel covering more than 115,000 retail touch points over 3,500 cities and towns. Apart from this, it has a wide and differentiated product category, which includes over 3,770 SKUs as of March 31, 2023. The Company made a public issue of 15,196,510 equity shares of Rs 10 each by raising funds aggregating to Rs 1200 Crore, comprising a fresh issue of 4,437,018 equity shares aggregating to Rs 350 Cr and 10,759,492 equity shares aggregating to Rs 850 Cr through offer for sale in December, 2023. In August 2023, Company acquired 75% equity share capital of Micro Wood Private Limited, making it a subsidiary of the Company. Similarly, it acquired 51% equity stake of SKIDO Industries Pvt Ltd, making it a subsidiary of the Company with effect from April 01, 2024. .