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Latteys Industries Ltd.

BSE: 535085 Sector: Engineering
NSE: LATTEYS ISIN Code: INE262Z01015
BSE 05:30 | 01 Jan Latteys Industries Ltd
NSE 00:00 | 11 Oct 54.00 0
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Latteys Industries Ltd. (LATTEYS) - Company History

Latteys Industries Limited was originally incorporated as a private limited company with the name Latteys Pumps Industries Pvt Ltd on April 02 2013. The Company acquired the business of proprietorship concern of the Promoter Kapoor Chand Garg viz. M/s Latteys Pumps Industries vide a Memorandum of Understanding dated April 08 2013. Further the name of the Company was changed to Latteys Industries Private Limited on July 11 2017. Subsequently the Company was converted into a Public Limited Company pursuant to shareholders resolution passed at Extra-ordinary General Meeting of the Company held on July 14 2017 and the name of the Company was changed to Latteys Industries Limited on August 21 2017.Mr. Kapoor Chand Garg and Mr. Pawan Garg are the promoters and initial subscribers to the Memorandum of Association of the Company.The Company is in the business of manufacturing of pumping solutions for homes agriculture & industrial sectors. Pumps includes Submersible Self-Priming Centrifugal Shallow and Horizontal Pumps. The Company manufactures more than 700 models of pumps as its portfolio. These pumps are widely used by Domestic and Industrial sectors. The pumps are manufactured and sold wholly in India. The Company pioneers in manufacturing Submersible pumps. The Company started manufacturing in year 2004 in Chatraal Gujarat and moved to a strategic location of GIDC Naroda Gujarat with an area of 5718 sq. meters in the year 2011. The Company currently has an installed production capacity of 159500 pumps p.a. The manufacturing facilities are equipped with requisite machineries to keep a constant check on quality. The Company is an ISO 9001:2015 and IS 14220:1994 certified company certifying the quality of the product the Company manufactures.