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Vision Organics Ltd.

BSE: 532383 Sector: Industrials
BSE 05:30 | 01 Jan Vision Organics Ltd
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Vision Organics Ltd. (VISIONLTD) - Company History

Vision Organics was orginally incorporated in Oct.'94 as a private limited company and was subsequently converted into a public limited in Mar.'2000. It has been promoted by Jatin H Shah and Nayanaben J Shah. The company is presently engaged in the manufacturing of whole range of quality PVC Plasticizers with international quality standards. It has commenced the production of PVC Plasticizers in Nov.'96. The plant is located at Daman with a capacity of 21600 MT pa and has several benefits like Sales Tax and Purchase Tax exemption for a period of 15 years, Income tax exemption for a period of 5 years and lower powertariffs. Vision Organics has full-fledged pilot plant in R&D to develop in-house new products with latest instruments. The processes of all the plastizers have been developed indigenously in Company's R&D lab. It has initiated an expansion project with a view to increase the installed capacity of PVC Plasticizers from 21600 MT pa to 45900 MT pa. The project is located at Naroli, Silvassa and has already commenced commercial production from Dec.99. To part finance the on-going project the company came out with a public issue of 26,25,000 equity shares of Rs 10/-each at a premium of Rs 30/- per share aggregating to Rs 14.50 cr in Oct. 2000.