Responsive Industries Ltd

Responsive Industries Ltd

Responsive Industries Limited was originally incorporated in July 13th 1982 under the name 'Sinhal Holdings Ltd.'. Later on the Company changed the name from 'Sinhal Holdings Ltd.' to 'Responsive Polymers Ltd'. in January 27 2006. The Company is a leading domestic manufacturer of Vinyl Flooring and Synthetic leather and is among the top 4 producers of Vinyl Flooring globally. Its main products include Vinyl Flooring Synthetic Leather Vinyl Sheet Luxury Vinyl Tile (LVT). The Company has a wide distribution network and export its products worldwide over more than 70 countries. It is having a network of 11 sales offices which drives market penetration and their products are available at over 300 retailers. The company has one subsidiary company namely Axiom Cordages Ltd. It is a major producer and supplier of various articles made out of Plastics / Polymers which includes products like Vinyl flooring Rigid PVC Leather Cloth & Soft Sheeting's.In year 1992 Company acquired and undertook expansion of facilities to cater to increasing demand. It imported machinery to set up plant. In year 2000 it expanded focus on exports markets and undertook international certifications of products and processes.During period 2005-06 the Company acquired a manufacturing unit located at Tarapur manufacturing PVC Products for a lump sum consideration along with all assets and liabilities with effect from April 1 2006. Also they acquired the assets of a sick unit located at Tarapur with effect from April 1 2006.In January 4 2007 the Company further changed their name from Responsive Polymers Ltd to Responsive Industries Ltd. In January 1 2008 the company acquired 400000 equity shares of Rs 10 each of Axiom Impex International Ltd and made the said company as a subsidiary company.During the year 2008-09 Responsive Polymers International Ltd was amalgamated with the Company effective from July 1 2006. In accordance with Scheme the undertaking of Responsive Polymers International Ltd with all assets and debts outstanding credits liabilities dudes and obligations was transferred to and vested in the Company with effect from the Appointed Date.During year 2009-10 equity shares of the Company got listed on National Stock Exchange of India Ltd. with effect from October 29 2010.During the year 2010-11 Company set up an Expansion Project for manufacture of PVC/ CCF Leather Cloth and Vinyls Floorings at factory located at Village Betegaon in Boisar (E) and started commercial production.In financial year 2019 Company launched a new and innovative product `IMPACT' under Luxury Vinyl Tile (LVT) category.The Board of Directors of the Company in its Meeting held on November 26 2021 approved Scheme of Amalgamation of Axiom Cordages Limited a subsidiary of the Company. And the appointed date for same is April 01 2021.The Company is having 7 subsidiaries including step down subsidiaries as on 31 March 2022.