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Olympic Cards Ltd.

BSE: 534190 Sector: Services
NSE: N.A. ISIN Code: INE550L01013
BSE LIVE 19:40 | 19 Oct 10.03 -0.72
(-6.70%)
OPEN

9.65

HIGH

10.80

LOW

9.65

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 9.65
PREVIOUS CLOSE 10.75
VOLUME 300
52-Week high 21.90
52-Week low 9.11
P/E
Mkt Cap.(Rs cr) 16
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 9.65
CLOSE 10.75
VOLUME 300
52-Week high 21.90
52-Week low 9.11
P/E
Mkt Cap.(Rs cr) 16
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Olympic Cards Ltd. (OLYMPICCARD) - Company History

Olympic Cards Ltd is one of the leading Wedding Card manufacturers in Southern India located in Chennai. The company is presently engaged in the business of manufacturing and trading of Wedding Cards and other allied products namely, Greeting Cards, Envelopes, Letterheads, Business Cards, Calendars Notebooks, Account Books, etc. Their products are used in various social occasions and also by businesses, schools, general consumers. They are also involved in the trading of the items like Screen-Offset Printing Inks. Their brand name 'OLYMPIC' is popular and well known to the general public for its quality, affordability, variety and reliability for more than four decades. The company's main manufacturing facility is set up at Vyasarpadi, Chennai. The company sells their products through Franchisees, Wholesalers, dealers as well as through its own sales force. Their major marketing set up is established at the company's registered office at Parrys, Chennai. They have their own 5 sales showrooms in Chennai city and one is situated at Coimbatore. They have also appointed a fleet of agents and franchisees all over Tamilnadu, Andhra Pradesh, Karnataka and Kerala. They are also having dealers in the countries such as Malaysia, Singapore, Dubai and Sri Lanka to sell their products. Presently, the Company also has more than 75 dealers all over India and overseas. Olympic Cards Ltd Company was originally incorporated as 'Olympic Business Credits (Madras) Pvt Ltd' on April 21, 1992. Initially, the company was established as a proprietary concern in November 1962 under the name of 'Olympia Paper & Stationery Stores'. The Proprietary concern was later converted into a partnership firm in the year 1974. In the year 1992, the company was formally incorporated. In March 22, 1995, the company became a public limited company and the name was changed to 'Olympic Business Credits (Madras) Ltd'. In June 2, 1998, the name of the Company was changed to 'Olympic Cards Ltd' so as to reflect business activities of the company in the name of the company. During the year 1998-99, the company opened two retail outlets in Chennai at 195, N.S.C Bose Road and 23, Anderson Street. Also, they opened their first retail outlet at Coimbatore. During the year 1999-2000, the company launched the new products, namely Vergo Print Cards, Political Leader's Cards and Paper Carry Bags. During the year 2003-04, they purchaseda land at Vyasarpadi Industrial Estate for the purpose of setting up of factory. During the year 2003-04, they launched Metallic Coated Cards. During the year2005-06, the company opened their third retail outlet in Chennai at Kodambakkam. Also, they launched Multi-Colour Card with Mat & Gloss Laminated Finish. During the year 2007-08, the company opened their fourth retail outlet in Chennai at Thiruvanmiyur. During the year 2007-08, the company launched new products namely, Wedding Cards with Zari Powder Coating and Cards with UV Coating. During the year 2008-09, the company launched two new types of cards namely, Scroll Type cards made up of Velvet Cloth and Non-Woven Cards. During the year 2009-10, the company opened their fifth retail outlet in Chennai at T. Nagar. They launched new products namely, Decorated Cards (with Materials such as Bindhi, Metal Stickers, Diamonds and other Ornaments), Card embedded with Musical Chips containing pre-recorded slogans and Box Type Cards containing Dry Fruits and Chocolates. The company plans to set up a new manufacturing unit near Chennai. Also, they plan to open more retail outlets and appoint franchisees at various locations.