Krypton Industries Ltd

Krypton Industries Ltd

Krypton Industries Ltd is an India-based company. The company is in the business of manufacturing and sale of Tubeless Tyres and other products Footwear in Falta Special Economic Zone and Banganagar (West Bengal). They operate in two segments: Tyre and Footwear. Their products include MCP tubeless tyres polyurethane (PU) shoe soles and PU sandals. The company's subsidiaries include Eco wheels Pvt Ltd Krypton Developers Ltd and Krypton Industries (Suzhou) Co Ltd.Krypton Industries Ltd was incorporated as public limited company on April 6 1990. In April 20 1990 the company received the Certificate of Commencement of Business to carry on the business as manufacturers of MCP Tyres. Initially the company was promoted by J P Toshniwal M L Kankaria and C L Sarawgi in collaboration with Poly Air Tires Inc Canada. The company set up a 100% export oriented unit at Falta Export Processing Zone in West Bengal for manufacture of MCP tubeless cycle tyres. In the year 1991 the company came out with its Maiden Public Issue. In the year 1992 the present promoters took over the control and management of the company. In February 1993 the company commenced commercial production.In June 24 2002 the company incorporated ECO Wheels Pvt Ltd as a subsidiary company which commenced production on February 2004. In August 17 2007 the company incorporated Krypton Industries (Suzhou) Company Ltd as a wholly owned subsidiary in China. In July 15 2009 the company received ISO 9001: 2008 certification for manufacture and supply of polyurethane tyres and assembled wheels for use in bicycles.The company has approved the sale of wholly owned subsidiary Krypton Industries (Suzhou) Company Ltd to a suitable buyer on November 29 2010. Subsequently the company has entered into an equity transfer agreement dated December 01 2010 with NV Vermeiren NV a company duly organized and existing under the laws of Belgium for selling their equity participation in Krypton Industries (Suzhou) Company Ltd for total purchase consideration of USD 305000 subject to approval from relevant authorities in India & China. The company is in the process of de-bottlenecking certain capacity with minimum capital expenditure. They will further invest into putting up new capacities to support the growth and provide better quality service to all the customers with lesser lead times.