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Responsive Industries Ltd.

BSE: 505509 Sector: Industrials
NSE: RESPONIND ISIN Code: INE688D01026
BSE 00:00 | 17 Sep 125.55 -5.60
(-4.27%)
OPEN

131.55

HIGH

132.30

LOW

123.10

NSE 00:00 | 17 Sep 125.25 -7.20
(-5.44%)
OPEN

132.45

HIGH

132.95

LOW

121.65

OPEN 131.55
PREVIOUS CLOSE 131.15
VOLUME 10072
52-Week high 205.00
52-Week low 91.15
P/E 184.63
Mkt Cap.(Rs cr) 3,351
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 131.55
CLOSE 131.15
VOLUME 10072
52-Week high 205.00
52-Week low 91.15
P/E 184.63
Mkt Cap.(Rs cr) 3,351
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Responsive Industries Ltd. (RESPONIND) - Company History

Responsive Industries Ltd is one of the leading global players in PVC-based product segments. The company manufactures wide varieties of PVC flooring automotive upholstery solutions pharmaceutical packaging and transparent sheeting. Their products cater to clients across diverse sectors and geographies. These include sectors such as healthcare hospitality transportation retail sports infrastructure and real estate. The company's products are exported to over 70 countries (both developed and developing countries). They are 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.Responsive Industries Ltd was incorporated in the year 1982 with the name Sinhal Holdings Ltd. In the year 1992 they acquired and undertook expansion of facilities to cater to increasing demand. They imported machinery to set up the plant. In the year 2000 they increased their focus on exports markets and undertook international certifications of products and processes.In January 27 2006 the company changed their name from Sinhal Holdings Ltd to Responsive Polymers Ltd. During the 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 with effect from July 1 2006. In accordance with the Scheme the undertaking of Responsive Polymers International Ltd with all assets and debts out standings credits liabilities dudes and obligations was transferred to and vested in the company with effect from the appointed date.During the year 2009-10 the company launched advertising campaigns to enhance brand awareness among retail consumers. They were involved in outdoor advertising as well as print media advertising to enhance visibility. The equity shares of the company were listed on the on National Stock Exchange of India Ltd with effect from October 29 2010.The company is proposing to set up a mega expansion project for the manufacture of PVC/CCF Leather Cloth with the capacity of 11000 MTPA and Vinyl Floorings with the capacity of 35000 MTPA at Thane in Maharashtra. This expansion project is expected to be completed by 2012. The company plans to add their presence in 10 to 12 countries each year. They are expecting to widen their footprint to over 130 countries by 2013.

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