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Global Stone India Ltd.

BSE: 515115 Sector: Others
NSE: N.A. ISIN Code: INE057G01019
BSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
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Global Stone India Ltd. (GLOBALSTONEI) - Company History

Incorporated in Apr.'85 as Devi Forge Pvt Ltd, the name of the company was changed to Devi Stone Craft Pvt Ltd in Apr.'87. In Nov.'91, the company was acquired by the Steel Tubes of India (STI) group and its name was changed to Devu Stone Craft since more than 25% of the paid-up capital of the company was held by the body corporates. In 1992, the name of the company was changed to STI Granite India. Initially, the company was engaged in the business of forgings. It has discontinued the forgings business to diversify into granite slabs in 1993. In Jul.'93, it came out with a public issue to set up a 100% EOU in Tumkur district, Karnataka. The company processes rough blocks into granite slabs and tiles. The company signed a MoU with International Trading Company, Japan, for the export of granite slabs and tiles. The Company has entered into 5 years marketing arrangement with US based granite distributor. The name of the company has been changed during June 2004,from STI Granite India Ltd to Global Stone India Ltd.