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Magnus Rubber Industries Ltd.

BSE: 523882 Sector: Others
NSE: N.A. ISIN Code: N.A.
BSE 05:30 | 01 Jan Magnus Rubber Industries Ltd
NSE 05:30 | 01 Jan Magnus Rubber Industries Ltd

Magnus Rubber Industries Ltd. (MAGNUSRUBBER) - Company History

Promoted by Rajesh N Sheth, Magnus Rubber Industries is engaged in the manufacture of rubber stoppers used by the pharmaceutical companies. The company has its manufacturing facilities at Ahmedabad district, Gujarat. Commercial production commenced in a phased manner in Apr.'94. Second phase of the production commenced in Dec.'94. The company came out with a public issue in Feb.'93 and has set up plants in Gujarat. Its clientele includes Wockhardt, Lyka Labs, IPCA Laboratories, Unichem Laboratories, etc. As the networth of the company has been fully eroded the company has been referred to BIFR.