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Sadhana Nitro Chem a public limited company was promoted by D T Javeri in Jul.'73. It manufactures and markets basic heavy organic chemicals and dye intermediates. The company has set up a plant for manufacturing meta amino phenol (MAP) with a capacity of 500 tpa with technical know-how from Biazzi Switzerland.The company has won an award from CHEMEXCIL for its outstanding export performance.The company went public in Aug. '93 with a issue of 3.98 lac equity shares of Rs 10 each aggregating Rs 199.06 lac to part-finance its diversification project for the manufacture of meta amino phenol (MAP) with the technical know-how from Biazzi Switzerland.It has a well-knit market network in countries like the UK the US Europe Japan Korea and South-East Asian countries. The company diversified into the manufacture of downstream products viz metanilic acid and sodium meta nitrobenzene sulphonate. The company also purchased 100% shares in the share capital of Anuchem BVBA Belgium which has with effect from 1st April 1998 became a wholly owned foreign subsidiary of the company.During 1998-99 the company has been granted status of 'Golden Export House' by Directorate General of Foreign Trade Ministry of Commerce Government of India. The company exports constitute more than 76% of the overall sales. The company had obtained ISO-9002 for its quality system from Bureau of Indian Standard during 1999-2000. The company has allotted bonus shares in the ratio of 2:5 in 2002-03. The shares allotted were 584414 equity shares.
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