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Vivid Mercantile Ltd.

BSE: 542046 Sector: Others
NSE: N.A. ISIN Code: INE647Z01017
BSE 00:00 | 27 May 53.55 4.85
(9.96%)
OPEN

53.55

HIGH

53.55

LOW

53.55

NSE 05:30 | 01 Jan Vivid Mercantile Ltd
OPEN 53.55
PREVIOUS CLOSE 48.70
VOLUME 1514
52-Week high 53.55
52-Week low 15.30
P/E
Mkt Cap.(Rs cr) 54
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 53.55
CLOSE 48.70
VOLUME 1514
52-Week high 53.55
52-Week low 15.30
P/E
Mkt Cap.(Rs cr) 54
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Vivid Mercantile Ltd. (VIVIDMERCANTILE) - Company History

Veeram Infra Engineering Limited was originally incorporated as a private limited company with the name 'Vivid Offset Printers Private Limited' on March 4 1994. Subsequently the name of company was changed to 'Veeram Infra Engineering Private Limited' on January 10 2018. Thereafter the Company was converted in to a public limited company pursuant to a special resolution passed by our shareholders at the EGM held on January 122018 and consequently name was changed to 'Veeram Infra Engineering Limited' (VIEL) on January 29 2018. In 1994 the company entered into the business of Graphic Desiging. Being successful in graphic desiging and the growing demand for graphic printing the promoters decided to expand its current business in 1996 through the forward intergration strategy i.e. it started its own printing business. The Promoters added the printers having the lastest technology that helped the company in offering multi-colour offset printing services single colour offset printing services commercial printing services for calendars catalogs brochures posters annual reports manuals etc. Backed by a team of qualified and skilled professionals and lastest printing technology the company has obtained a long list of reputed clientele. Over the years as digital printing was preferred over offset printing the company also decided to enter into the trading business of general mercantile. The company traded in different general goods & variety of products as per season like pulses garments and metals etc and other such profitable product segments. Currently the company's trading activities are focused only in Gujarat. However the company intends to cater to the increasing demands of the existing customers and also to increase the customer base by enhancing the distribution reach of its products in different parts of the country. The Company is in the process of building a quality and innovation focused trading vertical as well as developing a strong team to cater to its proposed increased operational needs in the printing and trading business. Over the last 2-3 years the promoters have a developed a focused and bigger vision in the real estate sector. In order to execute the same the promoters have decided to diversify its business actitivies in the real estate sector. With this mission in their mind the promoter have made the necessary changes in the Companys MoA wherein 70% companys revenues from now on shall be earned through its real estate business and the remaining from its ancillary business. The Real estate business shall include development and sale of land residential properties including identification and acquisition of land development of land & infrastructure acquisition of development rights of projects marketing of projects/land. Currently the company has entered in to a land development agreement Land Development and Plotting Project at Village Zamp Taluka Sanand District Ahmedabad Gujarat. The Promoters Mr. Satishkumar R. Gajjar and Mrs Geetaben Satishkumar Gajjar have 25 years and 15 years of experience in business management and together over 2 years of experience in real estate sector.

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