Incorporated in Oct.'89, Shreeji Industries (SIL) was promoted by chairman K G Toshniwal and his associates. SIL was previously known as Shreeji Granites.
In Jan.'94, SIL came out with a public issue of 39.5 lac equity shares aggregating Rs 3.95 cr. This issue was to expand its capacity for polished granite slabs from 20,000 sq mtr pa to 73,000 sq mtr pa. The estimated project cost was Rs 7.62 cr. The proposed location of the project was at the existing plant site at Aaval, Tal Palanpur, Gujarat.
Export turnover of SIL during 1994-95 was Rs 7.15 cr. The company envisages further expansion in processing capacities and has applied for granite mines to various state governments, and private owners. It also plans to establish showrooms / godowns and marketing offices in India and abroad to market granite and marbles.