Ushanti Color Chem Limited was incorporated on 12th of May 1993 as a private limited company under the Companies Act 1956. This company is involved in primarily involved in manufacturing and trading of Dyestuff.
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Besides this, it is also involved in the manufacturing of major raw materials which are used for manufacturing of Dyestuffs.
Date of Establishment: Ushanti Color Chem Limited was incorporated as ‘Ushanti Color Chem Private Limited’ under the provisions of Companies Act, 1956 by Registrar of Companies, as a private limited company on 12th of May 1993 in Gujarat at Dadra and Nagar Haveli.
Later the company was converted into the public limited company reformed by name ‘Ushanti Color Chem Limited’ on 07th of March 2018 by the Registrar of Companies, Ahmedabad.
Promoters of Ushanti Color Chem Limited: Mr Maunal Shantilal Gandhi and Mr Minku Shantilal Gandhi are the promoters of Ushanti Color Chem Limited.
Products and Services Offering: Ushanti Color Chem Limited is primarily involved in manufacturing and trading of reactive and direct dyestuffs which is also well known as Synthetic Organic Dyes.
It is also involved in the manufacturing of the raw materials which consists of Copper Phthalocyanine and Blue Crude which are actively used in the manufacturing activity of dyestuffs. Its products are manufactured from its 3 manufacturing units that are situated at Vatva GIDC in Gujarat.
Besides this, it is also involved in the reprocessing of Ammonium Carbonate which is sold to Soda Ash Industry as well as is used as fertilizer for plants.
It is also involved in the manufacturing of ‘Turquoise Blue’ dyestuff and pigments.
Consumer Segment: Mainly the Consumer segments of Ushanti Color Chem Limited is spread across several sectors including textile, garments, cotton, plastics, wood, ink and nylon industries among others.
It has also started its activities overseas by exporting its products to various countries namely, China, Indonesia, Egypt and Turkey among others.
The objective of Ushanti Color Chem Limited IPO: The objectives of Ushanti Color Chem Limited IPO are:
- To finance the setting up of Dyestuff Pigment and Intermediates manufacturing facility at GIDC Saykha Industrial Estate, Bharuch
- Repayment/pre-payment of certain secured borrowings availed by our Company.
- General corporate purposes.
Note: The amount would be utilised after deducting issue related expenses.
For the year/period ended (in Rs.
Profit After Tax