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Consolidated Finvest & Holdings Ltd.

BSE: 500226 Sector: Financials
NSE: CONSOFINVT ISIN Code: INE025A01027
BSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
NSE LIVE 15:30 | 02 Dec 58.15 -1.20
(-2.02%)
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58.60

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Consolidated Finvest & Holdings Ltd. (CONSOFINVT) - Company History

Jindal Photo Films Ltd(JPFL) is engaged in the manufacture of a wide range of photographic products with technical assistance and raw material supplied by Fuji Photo Films, Japan one of the world's largest photographic companies. JPFL also has marketing tieup with Fuji Photo Films of Japan. Originally incorporated as Konica Photo Films in May 1986, the company got its present name in November 1990. JPFL's manufacturing facilities at Nainital (Uttaranchal), Gulaothi (Uttar Pradesh), Valsad (Gujarat) and at Dadra (Dadra & Nagar Haveli). Its manufacturing unit at Dadra & Nager Haveli was certified by ISO 9002. The Company having two subsidiaries namely Jindal Photo Investments & Jindal Imaging Ltd. The company established a unit for the production of texturised synthetic yarn, at Gulaothi, Uttaranchal in 1990. Phototech, an ongoing profitable concern of the Jindal group, engaged in a similar line of business, was merged with the company in 1992. The company capitalised the opportunity provided by the liberalisation of industrial policy in 1991 and launched the widely acclaimed Fuji Film and Fuji Color brands in the country. It also expanded its manufacturing range by converting other photographic products, such as X-ray films and graphic art films. The company went public in Jan.'95, with a rights-cum-public issue to implement its future plans, which includes expansion. The company introduced a host of digital cameras and other photography related digital products of Fujifilm range during the year 1999-2000. JPFL has also launched a new fully Digital Mini Lab from Fujifilm with cutting edge technology for film processing and printing. It added inkjet photo paper & film, ink products range both for wide format and desktop inkjet printing applications during the fiscal 2001. The introduction of these products have greatly enhanced the company's product range. JPFL has also introduced digital cameras product range with latest digital imaging technology from Fujifilm. In 2002-2003 the Company suspended the production of texturised yarn in the PPFY Unit at Gulaothi. The photographic business of the company has been hived off and transferred to Consolidated Photo Products Ltd(CPPL).The shareholders of the company will get 24 equity shares of Rs.10 each fully paid up of CPPL for existing every 100 equity shares held in the company and also the paid up value of the shares held in the company will get reduced and will be reorganised into equity share of Rs.10 each fully paid up in the ratio of 76:100 i.e.every shareholder of the company will get new 76 shares of Rs.10 each fully paid up in lieu of existing every 100 shares held in the company. The name of the company has been changed from Jindal Photo Ltd to Consolidated Finvest & Holdings Ltd.

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