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Madhusudan Industries Ltd

NSE: MADSUDIND BSE: 515059

₹30.75

(2.53%)

Tue, 17 Mar 2026, 06:06 am

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Company History

1945

  • The Company was incorporated under the name and style of Madhusudan Vegetable Products Company Limited.

1946

  • The Company obtained Certificate for commencement of business from the Registrar of Companies of erst while Baroda State.

1980

  • The Company diversified its activities by setting up a ceramic sanitary unit at Kadi.

1983

  • The installed capacity of the ceramic sanitaryware unit was increased to 7,200 tonnes per annum.

1985

  • The installed capacity of the ceramic sanitaryware unit was further increased to 9,000 tonnes per annum.

1986

  • The Company set up a ceramic tiles unit with an installed capacity of 3,500 tonnes per annum.

1987

  • The name of the company was changed to Madhusudan Industries Limited.
  • The Company set up a plant to manufacture vanaspati at Rakhial Station.
  • The Company set up a solvent extraction plant to produce oil cakes.

1988

  • The Company privately placed 14% non-convertible debentures with UTI, LIC and GIC and its subsidiaries.
  • All shares taken up by the signatories to Memorandum, Promoters, Directors, etc.
  • Equity shares of Rs 100 each were sub-divided into shares of Rs 10 each.

1989

  • The installed capacity of the tiles unit was increased from 3,500 tonnes to 7,000 tonnes per annum.
  • The Company embarked upon a programme to increase the capacity of the tiles unit and the solvent extraction plant.

1990

  • Production of vanaspati was adversely affected due to restriction imposed on movement of vanaspati outside Gujarat.
  • The Company introduced the Ujala King Inamotsav 90 scheme.
  • The Company decided to expand the installed capacities of the solvent extraction plant and the refinery.

1991

  • Production of vanaspati continued to be affected by restrictions imposed by the State Government.
  • Production in Sanitary ware Division suffered due to labour unrest and disruption in gas supplies.
  • The Company expanded the capacity of the solvent extraction plant.
  • The Company undertook a major modernisation and technology upgradation-cum-expansion programme at its sanitary ware unit.
  • The Company undertook to set up a new solvent extraction plant at Nimbahera.
  • 6,00,000 Bonus shares were issued.
  • 12,00,000 No. of equity shares were issued at a premium.

1992

  • The Company issued 15,75,000-15% secured redeemable partly convertible debentures.
  • Part A of the debenture was automatically converted into 1 equity share.
  • Part B of the debenture was to be redeemed at par in three instalments.

1994

  • The Company installed an Expander along with balancing equipments at Nimbahera units.
  • A new electrostatic glazing system was installed in the sanitary ware division.
  • The Company set up a new ceramic tiles unit near Baroda.
  • The Company entered the power sector by installing ten wind turbine generators.
  • The Company issued 20,00,000 warrants to promoters and Group Companies.

1995

  • Production declined marginally due to labour unrest.
  • The solvent plant at village Patelka in Jamnagar district was commissioned.
  • The 5 MVA sub-station at Patelka was expanded to 15 MVA.

1996

  • The Electrostatic glazing system and new Heimsoth Kiln were commissioned.
  • Production and sales were affected by the partial shutdown of the solvent plant.
  • The production of De-Oiled cake decreased due to poor capacity utilisation.
  • 1,135 shares were issued.

1997

  • Production and sale of vanaspati and refined oil declined due to sluggish market conditions.
  • Performance of De-oiled cake suffered due to poor capacity utilisation.
  • The production of Sanitaryware and Tiles also declined.

2000

  • The Company undertook a modernisation cum balancing equipment project at its Sanitaryware Unit in Kadi.
  • Shri Vikram Somany was appointed as Chairman-cum-Managing Director of the company.
  • The Sanitaryware unit of the Company situated at Kadi was granted ISO 14001.
  • The Company considered hive-off of Edible Oil Division and trading of shares in dematerialised securities in Stock Exchange.

2001

  • Madhusudan Ceramics launched the country's first single piece Monoblock EWC with flushing cistern.

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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800