| Shaw Wallace Gelatines Limited (SWGL) was incorporated on
13th January, 1961 as Leiner-Knit Gelatin Co. Pvt. Ltd. by
P. Leiner & Sons (UK) at Jabalpur, Madhya Pradesh. The company
operated a bone mill in Jabalpur. Subsequently on 3rd January
1962 the company was became a Public Limited Company under
section 43A of the Companies (Amendment) Act 1960. Thus the
word "Private" was deleted from the name of the company.
Shaw Wallace & Company Limited, alongwith its other business
interests was also engaged in the manufacture and sale of glue.
In view of the common raw material of animal origin, the company
identified gelatine as a new business opportunity with adequate
synergy. Thus the company took over the management of
Leiner-Knit Gelatin Company Limited and on 13th January 1969 the
name of the company was changed to Shaw Leiner Limited.
As there was not enough offtake from the domestic end-user
industry, the prevailing market condition during this period was
not very favourable. Hence, the Company diversified into
production of glue from the year 1971. In the process of the
manufacture of gelatine, Ossein is the most important
intermediate. It is used in producing photographic films. In
1974, the company found opportunities to export ossein to
Eastman Kodak (USA), and to customers in other countries. The
Company was awarded the Capexil award for the export of ossein
in 1975.
In 1978 P. Leiner & Sons fully divested their shares in the
company and there was a change in the management pattern. As a
result, Shaw Wallace & Co. Ltd. with its group investment
companies held 89% of the total number of shares in the Company.
The name of the Company was subsequently changed from Shaw
Leiner Limited to Shaw Wallace Gelatines Limited with effect
from 26th September, 1979.
The export of ossein to Eastman Kodak and buyers in other
countries stopped in 1980, as the users developed more
economical and convenient sources elsewhere. Meanwhile with a
perceptible change in the domestic scenario the pharmaceutical
companies grew at a brisk pace. Realising the market
opportunities, the Company refocussed their activities in
gelatine, emphasising on more value added products like Hard
Shell and Soft Shell grade gelatine for the pharmaceutical
industry. And it was found necessary to expand the production
capacity to achieve economies of scale. With a view to upgrade
the quality of the gelatine, the existing in-house research and
development facilities were geared up, and the modernisation of
the plant was undertaken. This modernisation and expansion
commenced in 1985 and was successfully completed in August,
1988. As a result of this modernisation exercise, the
production capacity moved up from 500 tpa to 1000 tpa at a cost
of Rs. 4 crores. The same was funded with the assistance of
IRBI and from internal accruals.
The Company also proved its dedication to Research and
Development by continuously innovating and discovering new
processes and products. In 1988, SWGL developed Industrial
Gelatine Protein Colloid (IGPC) as an import substitute for the
defence sector. This resulted in the Company getting the
prestigious National Award for Import Substitution from the
Government of India in 1992. In 1990, it improved its liming
technology, a major step towards rationalisation and reduction
of cost. In 1991, it established the photographic grade
gelatine and in 1992 it developed two new products,
namely-Haemaccell-a plasma expander used for surgical purposes,
and Spray-Dried Gelatine, thus gaining an edge over its
competitors. Also in 1991, it started exporting gelatine in a
small way to countries like United Kingdom, Switzerland, Germany
and Bangladesh.
These activities led to an improvement in the performance of the
Company to a great extent. From the year 1989-90 the company
was back on a profit trail and in 1992 it managed to wipe out
its accumulated losses of Rs. 70,21,000/-. In 1993, it declared
a dividend of 30%.
During the period 1989-90 to 1993-94 the turnover of the company
increased from Rs. 1171.52 to Rs. 2774.45 lacs, thus registering
a compounded annual growth rate of 24%. Similarly the profit
after tax of the company increased from Rs. 17.56 lacs to
Rs. 235.24 lacs registering a compounded annual growth rate of
195%. In June 1994, the company declared a dividend of 40% for
the year 1993-94 and issued a bonus of 1 equity share for every
equity share held. The earning per share after the issue of
bonus stood at Rs. 19.70.
At present, the company is in the process of expanding its
capacity of production from 1000 tpa to 2000 tpa in two phases.
In December, 1993, the company completed its first phase of
expansion of capacity by increasing the capacity from 1000 tpa
to 1500 tpa. This was undertaken at a total cost of Rs. 345
lacs of which Rs. 150 lacs was sourced from IRBI as term loans
and the balance from internal accruals. The second phase of
expansion is being presently undertaken and is expected to be
completed by December, 1994.
2000
-The Company has diversified into vermiculture. It has upgraded its effluent treatment plant for contraining the odour of the raw material used in the production of gelatines.
-The name of Shaw Wallace Gelatines Ltd is to be changed to Narmada Gelatines Ltd.
2001
-The Company won Capexil Award for Gelatine Export
2004
-The Company won for the second time Capexil Award for Gelatine Export
2006
-Narmada Gelatines has recommended 9% dividend on 9% Cumulative Redeemable Preference Shares and 11% on Equity Shares
2007
-Narmada Gelatines has recommended dividend 9% on the outstanding 9% Cumulative Redeemable Preference Shares and 15% on Equity Shares
2008
-Narmada Gelatines's email Id of the Compliance officer of the company is mahesh.verma@narmadagelatines.com
-Narmada Gelatines has recommended dividend @ 9% on the outstanding 9% Cumulative Redeemable Preference Shares and 20% on Equity Shares
2009
-Narmada Gelatines has recommended dividend @ 25% on Equity Shares
2010
-Narmada Gelatines have recommended dividend @ 30% on Equity Shares
2011
-Narmada Gelatines have recommended dividend @ 40% on Equity Shares
2012
--Narmada Gelatines have recommended dividend @ 45% on Equity Shares
2013
-Narmada Gelatines Ltd has recommended dividend for the year 2012-13 @ 50% i.e. Rs. 5.00 per equity share of the Company
2014
-Narmada Gelatines Ltd has recommended dividend for the year 2013-14 @ 50% i.e. Rs. 5.00 per equity share of the Company
-Narmada Gelatines Ltd has recommended the issue of Bonus Shares in the ratio of 1 (one) Bonus Equity Shares for every 2 (Two) existing Equity Shares.
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