Sukhjit was born in the year 1943, two discerning young entrepreneurs having spotted the immense potential of the wonder grain "MAIZE", decided to set up a Corn Wet Milling Facility. After due diligence, they chose to set up the plant in a small town-ship called Phagwara in the state of "Punjab & East Punjab Union" also known as the Granary of India. Thus giving Birth to "The Sukhjit Starch & Chemicals Ltd." Sukhjit has since grown by judicious and innovative utilisation of its unique traditions to meet the challenge of the future, from a modest beginning of 1800 TPA Corn Grind in 1943 to around 600,000 TPA of Corn Grind spread across Four Manufacturing Locations within India. Sukhjit is a leader in its field and always at the forefront amongst its peers. Sukhjit's technical expertise of over 75 years ensures optimum adaptation to end use. Apart from Native Starch, the Company manufactures Modified Starches, Dextrines, Liquid Glucose, HMS, Malto-Dextrin, Mono-Hydrate Dextrose, Anyhydrose Dextrose, Sorbitol-70% Solution and various By-Products, catering to a wide spectrum of Industries. The Group is headed by an experienced Board of Directors and managed by highly skilled and capable Professionals. A double pronged approach using State-of-the-art technology as well as exploiting indigenous potential is the Company philosophy that has served it well. Years of research and careful Co-ordination of methodology has resulted in qualitatively superior products meeting stringent customer norms, manufactured by cost effective production techniques. The Company enjoys impeccable creditworthiness in the market and has been awarded Credit Rating CRISIL A1 (A One) for short term debts and CRISIL A +/ STABLE for long term debts by CRISIL Ratings Limited.
YEAR EVENTS1943 - The Company was Incorporated at Phagwara (N.R.), Punjab. The
Company manufacture starch and oil. At present, the Company is
engaged in the manufacture of maize starch, dextrines and thin
boiling starch.
1947 - 29,915 Bonus Equity shares issued in prop. 1:2.
1972 - 89,915 Bonus Equity shares issued in prop. 1:1.
1979 - 1,79,830 Bonus shares issued in prop. 1:1.
1981 - 1,19,887 Right Equity shares issued in prop. 1:3.
1984 - 1,99,900 shares issued.
1988 - 3,39,773 bonus equity shares issued.
1992 - During November/December, the Company issued 5,09,660 No. of
equity shares of Rs 10 each for cash at a premium of Rs 60 per
share to shareholders on Rights basis in the proportion 1:2.
- Another 25,483 No. of equity shares of Rs 10 each were issued to
employees' on an equitable basis (only 25,475 shares taken up).
- Vijoy Steel & General Mills Co. Ltd., & Sukhjit Finance Ltd., are
subsidiaries of the Company.
1993 - The Company undertook to set up a project for the manufacture of
dextrose monohydrate with an installed capacity of 2000 TPA.
Orders for plant and machinery were placed and the plant was
commissioned by 31st March, 1995.
- 15,54,555 bonus shares issued in prop. 1:1.
1994 - As per the meeting held on 2nd June, the Company proposed to
issue 6,00,000 No. of equity warrants to promoters. The warrant
entitles the holder to acquire one equity share of Rs 10 each
for cash at a premium of Rs 50 per share.
1997 - 5,81,000 No. equity shares of Rs 10 each at a prem. of Rs 50 per
share issued.
2003
-Dextrin plant catches fire on Oct 19, results in Rs 1 million loss
-Approved the Delisting of equity shares of the Company from the Delhi Stock Exchange Association Ltd and Ludhiana Stock Exchange Association Ltd.
2006
-Sukhjit Starch & Chemicals has given the Bonus in the Ratio of 1:1
2007
-Sukhjit Starch & Chemicals Ltd has recommended a dividend @ 40%
2008
-Sukhjit Starch & Chemicals Ltd has recommended a dividend @ 50%
2009
-Sukhjit Starch & Chemicals Ltd has recommended a dividend @ 40%
2010
-Sukhjit Starch & Chemicals Ltd has recommended a dividend @ 60% i.e Rs 6/-per equity share
-Sukhjit Starch & Chemicals Ltd has approved the interim dividend @ 40% i.e. Rs. 4/- per equity share
2011
-Sukhjit Starch & Chemicals Ltd has recommended final Dividend @ 40% i.e. Rs. 4/- per share
2012
-Sukhjit Starch & Chemicals Ltd has recommended Dividend @ 45% i.e. Rs. 4.50 per equity share
-Company's Unit located at Malda (West Bengal) has been fully operationalised and the enhanced production has since started.
2013
-The Company have recommended a dividend of 50% i.e. Rs. 5/- per equity share of the face value of Rs. 10/- each
2014
-The Company have recommended a dividend of 35% (i.e. Rs. 3.50 per equity share of the face value of Rs. 10/- each
2019
-The Company has issued Bonus Shares in the Ratio of 1:1.
2022 -Company has successfully commissioned Hydrogen Generating Plant from Biogas produced from biomass/ process effluent at its new manufacturing unit commissioned at Phagwara (Punjab).
2024 -The Company has splits its face value from Rs. 10/- to Rs. 5/-.
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