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Vishal Chairs Ltd.

BSE: 526502 Sector: Industrials
NSE: N.A. ISIN Code: N.A.
BSE 05:30 | 01 Jan Vishal Chairs Ltd
NSE 05:30 | 01 Jan Vishal Chairs Ltd

Vishal Chairs Ltd. (VISHALCHAIRS) - Company History

Incorporated in Jun.'89, Vishal Chairs went public in 1992. It was jointly promoted by Jiten Choksey of the Soji group and Bharat Shah of the Vijayakumar group. The company is engaged in the manufacture of ergonomic chairs in technical collaboration with Drabert Sohne & Company, Germany. In 1993-94, it undertook an expansion programme. It came out with a public issue in Apr.'94 to part-finance the expansion project for manufacturing chairs. The expanded capacity was commissioned in 1994-95. The company sells its product under Vishal Drakert brand name. The company has received enquiries from overseas buyers and is studying the viability of exports in the future. It has improved its marketing network by opening branch offices in various places. In 1995-96, the company developed new models of chairs, designed specially for clerical staff. After getting the response from the market, it proposes to launch the products in the market. In 1997-98, it has undertaken expansion of its activities by commissioning a new plant at Silvassa to manufacture chairs for the middle and lower segments.