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IDI Ltd.

BSE: 506485 Sector: Industrials
BSE 05:30 | 01 Jan IDI Ltd
NSE 05:30 | 01 Jan IDI Ltd

IDI Ltd. (INDYESTUF) - Company History

Incorporated on 18 Feb.'54, Indian Dyestuff Industries (IDI), the flagship of the Sungrace group since Apr.'59, manufactures a wide range of dyestuffs, optical whiteners, dye intermediates and industrial chemicals. Its Kalyan plant, commissioned in 1956, manufactures anthraquinone, vat dyes and basic intermediates under technical and financial collaboration with Acma, Italy. The plant for hydrosulphite of soda was set up in 1970 in collaboration with Albright and Wilson, UK. The Tarapur plant set up in 1978 produces pigments and intermediates. The company's facilities at Ranoli, Baroda, were acquired from Ambalal Sarabhai Enterprises in Oct.'84. A wide range of dyes, optical whitening agents, pigments, cyanuric chloride, phthalic anhydride, plasticisers, and a variety of textile auxiliaries are manufactured here. The phthalic anhydride plant was expanded in technical collaboration with Alusuisse Italia, Italy. In 1994-95, the company signed a deal with Uhde, Germany, to import the latest technology and plant design for waste water treatment. The company recently modernised its production facilities which was part-financed by a rights-cum-public issue in Jan.'95. The company has two subsidiaries -- Mahaamba Investments and Mafatlal Rose Color Industries. Mafatlal Rose was set up in Jun.'94 with joint participation and collaboration from Rose Color, US. It has an installed capacity of 1000 tpa of solvent dyes at Ranoli. In order to reflect its corporate identity the name of the company was changed to IDI Limited with effect from January'1999. It has also decided to divest its popular `Ranipal' brand and its business in the consumer and retail segments. The company's Kalyan, Tarapur and Ranoli unit were awarded ISO-9002 certification by Bureau Veritas Quality International for Quality Management System and hence all its manufacturing units hold ISO-9002 Certificates. The company has been awarded by the Ministry of Commerce, Directorate General of Foreign Trade, New Delhi, the Golden Status Trading House Certificate.