Tainwala Chemicals & Plastics (India) Ltd

Tainwala Chemicals & Plastics (India) Ltd

Incorporated on 4 Sep.'85 Tainwala Chemicals & Plastics (India) became public in 1986. It was promoted by Ramesh Tainwala a management graduate from BITS. The company manufactures extruded plastic sheets of various polymers like PVC PP HDPE PET etc from 200 microns to 40 mm in thickness. It also manufactures a mosquito repellent under the Casper brand name and wet-cleaning tissues under the Fresh One brand name. Extruded plastic sheets find wide application in fabrication of industrial equipment lining of chemical tanks pollution control equipment and lining for refrigerators. PVC roofing sheets find application in houses warehouses godowns factories exhibition stalls etc. The company came out with a public issue at a premium of Rs 35 in Sep.'94 to part-finance a project to manufacture multi-layer PVC roofing sheets and to increase the manufacturing capacity for plastic sheets.The company has initiated certain structural changes to meet the new business scenario. Samsonite India Ltd a Joint Venture Company between the Tainwala group and Samsonite Corporation of USA for manufacture of luggage and other travel accessories successfully commenced production this year. The Scheme of amalgamation of Tainwala Polycontainers Limited with the company was approved by the Hon'ble High Court of Bombay on the 15th Day of October 1998. However the said order has been stayed on the appeal filed by a shareholders of Tainwala Polycontainers Limited.