Zuari Industries Ltd
NSE: ZUARIIND BSE: 500780
₹268
-1.50 (0.56%)
Sat, 24 Oct 2026, 05:49 pm
Market Cap (in Cr)818.09
PE Ratio7.36
Dividend0.36
Process Industries
Agricultural Commodities/Milling
24.5KZuari Industries Ltd Company History
1967
- The company was incorporated on 12th May.
- The company was promoted by Birla Gwalior (P) Ltd. and Armour & Co., Chicago, U.S.A.
- The company started manufacturing fertilisers and allied products.
1968
- A fresh collaboration agreement was signed with the United States Steel Corporation on 1st November.
1977
- 160 No. of equity shares were subscribed for by the signatories to the Memorandum of Association.
- 55,57,340 No. of equity shares were subscribed for in cash by the institutional promoters of the company.
1984
- A letter of intent was received to set up a fertiliser complex at Sawai Madhopur, Rajasthan.
- The company promoted a new company under the name and style of Aravali Fertilisers Ltd.
1985
- Aravali Fertilisers Ltd. was incorporated on 7th May.
- The Certificate of Commencement of Business was obtained on 18th July.
- The rate of Pref. dividend was raised to 15% effective from 11.7.1985 and redemption date extended to 10.7.1992/95.
- 10,310 Pref. shares belonging to dissenting shareholders were redeemed.
1986
- The company issued 5,00,000 - 15% redeemable non-convertible debentures of Rs 100 each on private placement basis to Army Group Insurance Fund.
1989
- The company issued 7,00,000 - 14% secured redeemable non-convertible debentures of Rs 100 each on private placement basis.
- Application for financial assistance for the cement project was submitted to IDBI.
1990
- A new company in the name of Banas Cement Ltd. was incorporated to implement the project.
- The CFCL ceased to be a subsidiary of the company due to increase in the paid-up capital of CFCL.
- The company made an application to set up a sugar factory in Karnataka.
- James Chemical Engineering was appointed to make a study of the existing plant and suggest ways and means of achieving an increase of 10% in the capacity.
1992
- The company proposed to set up an argon recovery and purification plant within the existing complex at Goa.
- Clearance was received from the State Government for setting up a sugar factory in Karnataka.
1993
- The company launched sale of potash for direct application to farmers.
- The company launched Biophos, an environment friendly product to enhance phosphorus use efficiency.
- The company launched high quality seeds of various crops in the brand name Jaikisaan.
- The company entered into an agreement with Texmaco Ltd for running and operating their Cement unit at Yerraguntla, Andhra Pradesh.
1994
- The company formed a wholly owned subsidiary in the name of Zuari Leasing & Finance Corporation Ltd.
- The company set up a joint venture in the name of Zuari Seeds Ltd. for production and marketing of hybrid seeds.
- 7,00,000 shares were allotted on private placement basis.
1995
- The company commenced marketing of single super phosphate under the brand name Jai Kisaan Superphos.
- The company launched Bioneem, an eco friendly neem based pesticide.
- Two hybrid seeds of sunflower were developed with Institute of Field and Vegetable cups and KOP Investments.
- The argon recovering plant was commissioned on 9th May.
1996
- The capacity utilisation of Ammonia, Urea, NPX and DAP plants was maintained at higher levels.
- The company undertook to remove pneumatic instruments and replace them with microprocessor based control systems.
- The company expanded the existing di ammonium phosphate plant from 500 to 1100 tpa.
- The company expanded its NPK plant to increase the capacity from 500 to 1100 tpa.
- Approval was received for amalgamation of Indian Furniture Products Ltd. with the company.
- Pref. shares were redeemed.
- Authorised equity capital was increased.
1997
- The company decided to set up additional captive power capacity and placed an order with M/s. Wartsila NSD, Finland for supply and erection of 6 MW DG set.
- 131,15,210 rights shares were issued in proportion 1:1.
- 31,98,368 shares were issued to erstwhile Indian Furniture Products Ltd. on its amalgamation with the company.
1998
- The name of the company was changed to Zuari Industries Ltd. from Zuari Agro Chemicals Ltd.
- Zuari Leasing and Finance Corporation, a subsidiary of Zuari Industries, disclosed that it had paid Rs.15.69 lakh as tax to the Income-Tax Department under the Voluntary Disclosure of Income Scheme.
- The company's operations were affected due to a strike by contract labourers in the fertiliser division at Goa.
- Gautier India Ltd launched an exclusive range of entertainment furniture in India.
1999
- Zuari Industries tied up with Groupe Seribo of France to forge a 50:50 joint venture for marketing state-of-the-art furniture products.
- The company undertook further expansion of complex fertiliser capacities.
- The company installed captive power generation facilities.
- Gautier India Ltd launched an exclusive range of entertainment furniture in India.
2000
- The Italcementi Group and Zuari Industries Ltd reached an agreement to create a 50:50 joint venture company for the cement activities of ZIL.
- The company proposed to enter into a joint venture agreement with Ciments Francais and Italcementi Group company for the cement business.
- The company signed an agreement with Italcementi Spa, Italy for carrying on the cement business as a joint venture.
- Indian Furniture Products launched its Zuari furniture range in Bangalore.
2001
- The cement division of Zuari Industries was hived off into a separate company called Zuari Cement Ltd.
- The company signed an MoU for acquiring 76 per cent stake in Greentech Seeds International Pvt. Ltd.
- The company acquired a majority stake in GreenTech Seeds International Pvt Ltd.
2002
- Zuari Maroc Phosphates became a subsidiary of Zuari Industries.
- Paradeep Phosphates became a subsidiary of Zuari Industries.
- AF Ferguson & Co withdrew as auditor for Zuari Industries Ltd.
2003
- The board approved the issue of Cumulative Redeemable Preference Shares aggregating to Rs 1000 million.
- The Zuari Cement unit near Yerraguntla in Cudappah district was closed down by the management due to labour unrest.
2007
- Zuari Industries Ltd entered into a Joint Venture Agreement with Israel Chemicals Ltd for establishment of a water soluble NPK Fertiliser Plant.
- Mr. J N Godbole was appointed as an Additional Director of the company.
2009
- The company entered into a Gas Transmission Agreement with GAIL (India) Ltd for transportation of gas to the company's plant at Zuarinagar, Goa.
- Mrs. Jyotsna Poddar was appointed as Additional Director of the company.
- Air Chief Marshal (Retd.) Mr. S P Tyagi was appointed as Additional Director of the company.
2010
- Zuari Industries acquired 100 shares of Globex Ltd.
- Zuari Industries acquired 50,000 shares of Zuari Fertilisers and Chemicals Ltd.
- Mr. H. S. Bawa was appointed as the Executive Vice Chairman of the company.
2011
- Zuari Industries acquired 20,00,000 shares of Zuari Holdings Ltd.
- The company invested in a joint venture company in Singapore.
2012
- The company name was changed from Zuari Industries Limited to Zuari Global Limited.
- Mrs. Jyostna Poddar was appointed as Whole-Time Director of the company.
2013
- Zuari Global recommended a dividend of 20% i.e. Rs. 2.00 per share.
2014
- Soundaryaa IFPL Interiors Limited became a subsidiary of Zuari Global Limited.
- Zuari Global recommended a dividend of 10% i.e. Rs. 1.00 per share.
2015
- Zuari Financial Services Limited became a wholly owned subsidiary of Zuari Global Ltd.
2019
- The company acquired around 48.98% shares of Forte Furniture Products India Private Limited from Indian Furniture Products Limited, a subsidiary of the company.
2022
- The company name was changed to Zuari Industries Ltd. from Zuari Global Ltd.
