Incorporated in Apr.'88 as Accurate Industrial Stampings Pvt Ltd, the company was renamed as Accurate Exports Pvt Ltd in Jun.'91. It became a public limited company in Dec.'94 and acquired the name Accurate Exports.
The company was established with an idea to start manufacturing activities, which it could not do so. The promoters Ramesh Bhandari and Indu Bhandari decided to go into merchant exports of castor seeds/oil, garments, cosmetics, dyes and dyes intermediates, detergents, magnetic tapes, etc.
In Apr.'96, the company came out with a public issue of 63 lac equity shares of Rs 10 each for cash at par aggregating Rs 630 lac, to part-finance the long term fund requirement for the export of its various products and to meet working capital requirements.