Quality Foils (India) Ltd Company Summary

Quality Foils (India) Ltd Summary

Quality Foils (India) Limited was originally formed as a Partnership Firm under the Partnership Act, 1932 in the name of Quality Foils pursuant to Partnership Deed dated October 03, 1989. The Company thereafter converted from Partnership Firm to a Private Company with the name Quality Foils (India) Private Limited and received a certificate of incorporation dated May 08, 1990 from the Registrar of Companies, NCT of Delhi & Haryana. Subsequently, Company converted into Public Limited and renamed to Quality Foils (India) Limited vide fresh certificate of incorporation dated November 25, 2022.The Company is a manufacturer and exporter of Cold Rolled Stainless Steel Strips/ Coils and Stainless Steel Flexible Hose Pipes. The Company use raw material of premium quality i.e. Hot Rolled Stainless Steel Coils/Strips mainly from Jindal Stainless Hissar Limited, Hissar. Under their brand name Quality, it supply Products i.e. Cold Rolled Stainless Steel Coils/Strips in for manufacture of SS Tube/Pipe, Utensils, Cutlery, Kitchen Sinks, Stainless Steel Flexible Hoses and Automobile components and Flexible Hose pipes to major applications such as high temp & medium pressure for Hydraulic Oil, Hot Water, Steam & Gas applications, chemical resistant, exhaust systems of steel, power, petrochemical, sugar, automobile and many other heavy engineering sectors.The Company has a single manufacturing plant which is located in Hisar district of Haryana. Apart from this, their manufacturing facility has CR Coils and Hose divisions with latest product-specific equipment and machineries including tube mills, Hydraulic Corrugator, Mechanical Corrugator, Carrier Braiding Machine, Hose Joining Station, draw benches, swaging machines, pipe straightening machines, TIG/MIG welding systems, etc. Its manufacturing facility has total installed capacity of 12,000 MTPA for CR Stainless steel coils/strips and 2,00,000 meters per annum for SS Hose pipes. In 2008, the Company launched a new product via Manufacturing of Flexible Hoses etc.In March 2023, Company made an IPO by allotting a fresh issue of 7,54,000 Equity Shares of Rs 10/- each by raising funds aggregating to Rs. 5 Crore.