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Western Industries Ltd.

BSE: 531649 Sector: Health care
BSE 05:30 | 01 Jan Western Industries Ltd
NSE 05:30 | 01 Jan Western Industries Ltd

Western Industries Ltd. (WESTINDSEC) - Company History

Incorporated in May '95 by taking over the business of Oscar Feeds, Western Industries (WIL) is promoted by C Balasubramanyam, Ravi Subramanyam, C H Malla Reddy, C Bhagyalakshmi and P Mohan Reddy. WIL came out with a public issue in 28th Feb`96 to finance the project to manufacture poultry formulations. The company proposes to carry out its work at Gundlapochampally (Rangareddy district), Andhra Pradesh. The company is yet to commence operations. During 1996-97, the company traded poultry vitamin premixes. The company was not able to make much progress in implementation of the project due to financial constraints, market fluctuations and high competition for the product. The company is planning to enter into real estate and financial business so as to carry on its business more economically. During 1997-98, the company's project for Manufacturing of Veterinary Formulations & Antibiotics were successfully implemented. The company has already started commercial production of various formulations and the products of the company have been well accepted in the market because of their superior quality. The company has also opened Branch offices at Calcutta, Pune, Namakkal and Bangalore to strengthen its marketing network.