Incorporated on 28 Jun.'94 by taking over the business of S M Impex, a proprietory concern, Sanyo Impex (SIL) is promoted by Sanjay Mohan Aggarwal, who was also the promoter of S M Impex. S M Impex was formed in 1989 to carry on import and export activities. In 1994, S M Impex was recognised by the Ministry of Commerce, Government of India, as a Trading House.
In Oct.'94, SIL took over the running business of S M Impex. It is presently leather bags, garments, biscuits, rice, cotton garments, ayurvedic medicines, mouth freshners, zarda and dry coconuts to Hungary, Russia, Belgarus and the UK.
In 1994-95, the company proposed to set up two divisions -- merchant exports and manufacturing of garments, to expand its activities and diversify its exports into the European market. Its garment manufacturing unit is located at Sikandrabad, Uttar Pradesh, for fabrication of knitted garments, with an installed capacity of 2500 pd. The garments include track suits, T-shirts, etc. The company came out with a public issue in Dec.'95 to part-finance the project.
During 1999-2000, the company has signed an agreement with M/s Cincom Systems of U.S.A. for setting up call centre's in and around Delhi which will be operational by next year.