Victory Paper & Boards (India) Ltd Management Discussions.

The company was incorporated in 1994 to carry on the business of manufacture and marketing of paper and paper board. Though the business was commenced successfully, the company went into lock out on 30.08.2009 due to labour problems and all business activities came to a halt. The present promoters took over the management in the year 2017-18, contemplating various options to restart the operations. Though manufacturing operations are yet to be re-started, the company earned a turn-over of Rs.1068.22 lakhs and net profit of Rs. 284.13 lakhs during the year 2018-19, by carrying on the business of trading mainly in Aluminium roofing sheets. The company has also acquired a production ready textile plant at Karur in Tamil Nadu, consisting of 5.50 lakh sft. built up area in 32.50 acres of land and the company hopes to start operations there at the earliest. The management looks to improved scenario in the coming years, even though there are considerable challenges like the impairment of capital, assets and opportunities due the long closure of the business activities of the company in the past.