Omkar Speciality Chemicals Ltd

Omkar Speciality Chemicals Ltd

The Company was originally incorporated as Omkar Speciality Chemicals Private Limited on February 24 2005. It was converted into a public limited company under the name Omkar Speciality Chemicals Limited on March 18 2010. The company took over the business of Omkar Chemicals a proprietary concern (proprietor Mr. Pravin Herlekar) in June 2005. Omkar Chemicals was formed in the year 1983 with capacity of 6 MT per annum for manufacture of molybdenum derivatives. At the time of takeover in June 2005 the installed capacity was 318 MT and the product range was cobalt selenium & iodine derivatives in addition to molybdenum derivatives. During the year 2006-07 The Firm expanded the total installed capacity to 325 MT which was further increased to 375 MT during the year 2007-08. In March 2009 the company set up a new manufacturing facility at Badlapur (E) Thane Maharashtra viz. Unit 2 with an installed capacity of 375 MT. With the setting up of Unit 2 the companies total installed capacity increased to 750 MT. The Company has recently set up a new manufacturing facility at Badlapur Thane Maharashtra viz. Unit 3 with an installed capacity of 200 MT through internal accruals. The commercial production at Unit 3 is likely to start in the month of March 2011. With the set up of Unit 3 the companies total installed capacity stands increased to 950 MT. Pursuant to a Share Purchase Agreement dated May 14 2010 between the Company and the shareholders of Rishichem Research Limited the company purchased 1078 Equity Shares of Rishichem Research Limited thereby holding 99.82% and making it the company wholly owned Subsidiary. In August 2010 the company received ISO-9001-2008 certification for the Unit 2 in respect of quality management systems.In 2011 the company set up a research center at Company's Unit No. IVIn 2012 the company forayed into pharmaceutical business with its recent acquisition of LASA Laboratory Private Limited located at Mahad.In 2013 the company acquired the rights of the plot no. W-93(A) admeasuring about 720 sqmtrs situated at MIDC Badlapur (East) Thane 421503 which earlier belonged to M/s Desh Chemicals Pvt Ltd.In 2015 the company has has Commissioned the Company's New Facility at Chiplun. During the year the company baged concrete indents worth Rs 100 crore'.