Everest Industries Ltd
NSE: EVERESTIND BSE: 508906
₹290.35
(-2.73%)
Thu, 09 Apr 2026, 00:25 am
Market Cap4.62B
PE Ratio0
Dividend0.84
Distribution Services
Wholesale Distributors
24.5KCompany History
1934
- The company was incorporated as Asbestos Cement Ltd., a private limited company.
- The company's object was to manufacture asbestos cement sheeting products.
- The company commissioned its first factory at Kymore in Madhya Pradesh.
1936
- C.P. Cement Co. Ltd. merged with other companies to form Associated Cement Companies Ltd.
1937
- 17,500 rights shares were issued at par in the proportion 7:4.
- A second sheeting factory was established at Mulund (Mumbai).
1938
- 6,500 rights shares were issued at par in the proportion 13:5 on 27th January.
- 6,000 rights shares were issued at par in the proportion 6:34 on 28th April.
- A third factory was established at Calcutta in October.
1939
- 18,500 rights shares were issued at par in the proportion 37:80 on 27th July.
1953
- 40,000 bonus shares were issued in the proportion 2:3 on 15th January.
- A fourth factory was established at Podanur near Coimbatore in Tamil Nadu in November.
1954
- 50,000 bonus shares were issued at par in the proportion 1:2 on 4th March.
1957
- A second sheeting plant was installed in the Kymore factory.
1966
- The company's capital increased to 2,46,667 No. of equity shares of Rs.100 each.
- 61,667 bonus shares were issued in the proportion 1:3.
1981
- The company set up a full-fledged Research centre at Bangalore.
1983
- Turner & Newall Ltd., U.K., transferred 45 fully paid equity shares to Indian directors and senior executives.
- Equity shares were subdivided into shares of Rs.10 each.
- The company's name was changed to Everest Building Products Ltd.
1986
- The company entered into a 10-year technical collaboration agreement with T & N Materials Research Ltd., U.K.
1988
- Turner & Newall International Ltd., U.K., transferred its shareholding to Eteroutremer S.A., Belgium.
1989
- Production declined due to a strike by workers at Mulund works and Podanur works.
1990
- 24,66,670 bonus shares were issued in the proportion 1:1 in December.
- The company's name was changed to Eternit Everest Ltd.
1991
- Production was regulated due to recessionary conditions.
1993
- 49,33,340 bonus shares were issued in the proportion 1:1 on 16th March 1994.
1994
- 49,33,340 bonus shares were issued in the proportion 1:2.
1995
- A new factory was commissioned at Nashik in March.
1997
- The second machine at the company's new plant at Lakhmapur was commissioned.
1998
- The company's performance was affected by depressed economic conditions.
- Eternit Everest Ltd was awarded the Inter-Industry State Safety Award for 1994, 1995, and 1996.
1999
- Eternit Everest Ltd set up a new production line at its Lakhampur plant.
- The company was engaged in the manufacture of fibre cement products.
2002
- Eternit Everest Ltd became a subsidiary of ACC.
- Mr. P.K. Sinor, Mr. A.K. Jain, and Mr. N.H. Italia were appointed as Additional Directors.
- Mr. D C Shroff was re-appointed as Additional Director (Independent).
- Mr. Arun K Batra resigned as Managing Director and Mr. M L Gupta was appointed as Managing Director.
2004
- Everest Industries entered into an agreement with Dansk Eternit, Denmark.
2005
- Adani Group signed a pact with Holcim to take over Everest Industries.
2007
- M/s. Deloitte Haskins & Sells, Chartered Accountants, New Delhi were appointed as Statutory Auditors.
2008
- Mr. M L Narula was appointed as Additional Director.
2009
- M/s. Deloitte Haskins & Sells, Chartered Accountants, Haryana were appointed as Statutory Auditors.
2010
- Mr. Aditya Vikram Somani was appointed as Executive Chairman.
- Mr. Manish Sanghi was appointed as Managing Director.
- Mr. M.L. Gupta was appointed as Director.
- Mr. Amitabh Das Mundhra was inducted as Additional Director.
2011
- Everest Industries recommended a dividend of 45% (Rs. 4.50 per equity share).
2012
- Everest Industries recommended a dividend of 70% (Rs. 7 per equity share).
2013
- Everest Industries recommended a dividend of 75% (Rs. 7.50 per equity share).
2014
- Everest Industries recommended a dividend of 25% (Rs. 2.50 per equity share).
2015
- Everest Industries commenced commercial production of its Steel Building Plant at Dahej, Gujarat.
- M/s MCS Share Transfer Agent Ltd. was appointed as the company's Registrar and Share Transfer Agent.
2016
- Everest Fibre Cement Planks were launched in Udaipur.
- New age Everest Smart Steel Buildings technology was introduced in Chandigarh Capital Region.
2017
- Everest launched India's first Technical Manual on Pre-Engineered Buildings.
2019
- The company received the SAIL 2019 HIGH PERFORMER AWARD.
- The company launched Pre-Engineered Buildings.
2021
- NCLT sanctioned the scheme of merger of Everest Building Solutions Limited with Everest Industries Limited.
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