National Standard (India) Ltd

National Standard (India) Ltd

National Standard (India) Limited (Formerly known National-Standard Duncan Limited) was incorporated in August 20 1962. The Company is primarily engaged in the business of Real Estate Development. Prior to this the Company manufactured bead-wire for tyres and other types of specialised wires. It was formed and collaborated between National Standard Company US and Indian Agency House of Duncan Brothers & Co. Calcutta. The Wire Division is constructing a wire plant at Baddi Himachal Pradesh. The machinery division is establishing a full-fledged computer-aided-design facility at Thane and it is exploring the possibility of enhancing its capacity to produce engraved steel tyre moulds for off-the-road tyres and segmental moulds for radial tyres. The company is a major exporter of tyre bead-wire and tyre moulds. It has specially developed hi-tensile tyre bead-wire with high tin content in the bronze plate for the overseas markets. In view of the losses during the year 1999-2000 the Company became a sick industrial company with the meaning of SICA and a reference was made to the BIFR.In 2010 the Company launched a Residential Project Lodha Excellencia at Thane Mumbai on 1st May 2010. Consequent to completion of open offer formalities the Company became a direct subsidiary of Anantnath Constructions and Farms Private Limited (ACFPL) and step down subsidiary of Lodha Developers Limited w.e.f. 19th May 2011. Accordingly in terms of the open offer erstwhile promoters Mr. N.P.S.Shinh and his associate ceased to be the Promoter of the Company and ACFPL became the Promoter of the Company effective from 19th May 2011. It launched another commercial viz. Supremus IV in 2011.The Company completed construction of Lodha Supremus commercial project at Thane in 2014.On January 25 2022 the Board of Directors of the Company approved the Scheme of Amalgamation of Sanathnagar Enterprises Limited and National Standard (India) Limited with Macrotech Developers Limited (Holding Company of the Company) which was filed on January 30 2022.