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Marvel Decor Ltd.

BSE: 535059 Sector: Industrials
NSE: MDL ISIN Code: INE575Z01010
BSE 05:30 | 01 Jan Marvel Decor Ltd
NSE 00:00 | 23 Jul 23.15 1.10
(4.99%)
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Marvel Decor Ltd. (MDL) - Company History

Marvel Decor Limited was incorporated as a private limited company with the name ' Modele Blinds and Components Private Limited' on October 04 1996. Subsequently the name of the Company was changed from Modele Blinds and Components Private Limited to Accumax Interior Products Private Limited on June 30 2000. Further the name of the Company was changed from Accumax Interior Products Private Limited to Marvel Decor Private Limited on January 05 2018. Subsequently the name of the Company was changed to Marvel Decor Limited on January 23 2018.Mr. Ashok Ramniklal Paun Mr. Dipak Paun Ms. Minal Mayank Gandhi and Ms. Rashmi Ajay Bhargava were the initial subscribers holding 100 shares each. The Promoters Ashok Ramniklal Paun and Mr. Dipak Paun were meanwhile conducting business in the name of Accumax Industries a partnership firm manufacturing accessories for blinds. In the year 2000-2001 the promoters Mr. Ashok Paun and Mr. Dipak Paun took over the command of the Company and accelerated the business with manufacturing of venetian blinds components and supplying it to the company making venetian blinds. The first manufacturing unit was established in the year 2000 at Plot No. 93 & 94 GIDC Phase II Dared Jamnagar Gujarat in which manufacturing of readymade venetian blinds specially for Reliance Refineries started and continued for five years. In the year 2005-2006 Mr. Ashok Paun established 'Marvel' as a brand commencing with the manufacturing of Curtain rods. In year 2011-2012 manufacturing of Roller blinds commenced and the company started supplying it to the furnishing stores. Later manufacturing of Bamboo Vertical and Wooden Venetian blinds were added to the cart. Having a vision of growing the brand 'Marvel' and taking it to the PAN India level; in the year 2013-2014 Marvel took a great leap with a valiant decision of Mr. Ashok Ramniklal Paun introducing 9 blinds range at one single bound. Marvel started its second manufacturing unit at Plot No. 211 GIDC Phase II Dared Jamnagar Gujarat. This was a turning and a challenging phase for Marvel as the company also introduced 'Gallery' concept for marketing its blinds making it a point to be a known brand providing niche range to its channel partners. Today Marvel has marked its presence nationwide having 338 galleries in 224 cities of 24 states. It definitely needed much of market expertise knowing the business insights aggressiveness and devotion to be at the peak. Ultimately it worked out and it enhanced the brand image new blinds range were introduced in the market excellence in manufacturing facilities and improvised awareness to people about blinds. Thereafter in the year 2016-2017 the company started expanding its second manufacturing unit to Plot No. 210 GIDC Phase II Dared Jamnagar Gujarat to increase its production capacity with ultra modern machineries. Within a period of 2 years since year 2014 the company created PAN India presence through its channel partners. In order to eliminate the time constraint for delivering the products to the clients on/ before committed time frame Marvel has introduced Market Organizers in 14 strategic locations across the nation who function as a mini factory to Marvel. The operating factories are designed and constructed as per company standards with adequate equipped machineries and are being in a stringent audit on a regular basis with equivalent quality check as per the company norms. Manufacturing of the highly demanded 4 products viz. Roller Roman Luzon and Vertical blinds takes place here whereas the semi finished materials are provided from its factory. This has helped to overcome the hindrance and living up to the word of commitment and serve the customers at its best. Marvel over the years has established itself as a manufacturer of contemporary high quality window furnishings. A dynamic in-house manufacturing administration and design team and a nationwide distribution network the company assists its consumers with all of their design stock fittings and fabrication requirements. The Company has grown by providing a service unmatched in the window blind industry under the leadership of Mr. Ashok Paun and Mr. Dipak Paun. Over the years the company has established itself as one of the leading manufacturer of quality window blinds in India under the brand name 'Marvel'. Marvel is one of the top leading brands in the Window Blinds segment with market network spread nationwide. Whether it's for a domestic or commercial application Marvel has a variety of smart and innovative solutions for all jobs great or small.

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