| The Company was promoted on 5.4.1988 by Shri L K Bagla and M.S Bagla for setting up of facilities for manufacture of Bi-Axially oriented Polypropylene Self-Adhesive Tapes (Original Installed capacity: 10 million sq.metrs.) at Ghaziabad, U.P. and obtained certificate of commencement of business on 8.6.1988. The unit went into commercial production on schedule in october, 1989. The project cost was partly financed by term loans from PICUP and from UPFC.
In 1991, the company enhanced its installed capacity from 10 million sq.mtrs to 19 million sq. mtrs again with the assistance from PICUP and UPFC.
Modernisation:
In 1992, the company went for major modernisation-cum-expansion envisaging installation of imported Hot Melt Coating machine based on state-of-the art technology besides addition to the existing capacity by 33 million sq.mtrs. As a result, it became one of the largest manufacturer of BOPP self-adhesive tapes with the total installed capacity of 52 million sq. mtrs. In July, 1993, the company imported two machines for reduction in wastage under Equipment Finance Scheme of PICUP. The company has implemented all its schemes in time.
Exports:
During 1992-93, the company ventured into export market for the first time and achieved a modest turnover of Rs.13 lakhs during the year. During the 9-month period ended December 31, 1993, the company has exported goods worth over Rs.20 lakhs and has confirmed export orders to the tune of Rs.20 lakhs to be executed before March 31, 1994. In addition, the company has MOU for export of Rs.180 lakhs to Gulf countries in next financial year. The quality of the company's product meet international standards.
Recently, the company has launched a new brand of adhesive tapes in the name of "BOSS"
Subsidiary Company:
The Company does not have any subsidiary
Promoters:
The Company's Board comprises 6 Directors with Shri L K Bagla as Chairman and his son M S Bagla as Managing Director. Besides Smt. Anju Bagla and Shri Amal Bose are other directors representing promoters.
2008
-Hindustan Adhesives Ltd has designated E-mail ID for Investors Complaints - hal@vsnl.com
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