ABOUT MIL INDUSTRIES LIMITED UNLISTED SHARES
MIL INDUSTRIES LIMITED is engaged in the manufacture of corrosion and abrasion-resistant linings for chemical, fertilizer, and other process industries. The company was set up in collaboration with Societe Chimique de Gerland, France, and got technical know-how from OHJI Rubber & Chemicals Company, Japan.
MIL Industries owns the largest and most modern rubber lining facility in India. The company has a market share of 40% in the Rubber Lining field. The company was the one to introduce the cold bond rubber lining technique for large-capacity storage tanks.
The company also manufactures a wide range of Plastic Lined Pipes and fittings, PTFE lined Dip Pipes, PTFE Expansion Joints, Thermowells, Spargers, Plain / Corrugated PTFE Hoses, and so on. The company imports its latest technology from M/s. Fluorocarbon Company Ltd., UK.
The company also supplies Air Pollution Control Systems for dust and fumes removal and solvent recovery systems based on carbon adsorption technology.
The client base of MIL Industries Limited has some prominent names like Sterlite Industries (India) Limited, Madras Fertilisers, Hindalco Industries, Grasim Industries, etc.
The equity shares of MIL Industries Limited are listed on the Metropolitan Stock Exchange of India.
INCORPORATION DETAILS MIL INDUSTRIES LIMITED
|
CIN |
L25199TN1966PLC005397 |
|
Registration Date |
11 February 1966 |
|
Category/Sub-category of the Company |
Limited by Shares |
|
Address of the Registered office and contact details |
25A, SIDCO Industrial Estate, Ambattur, Chennai – 600 098 Phone: 044-26258382 Fax: 044-26257583 Email: mil@milindustries.com Website: www.milindus.com |
|
Name, Address and Contact Details of Registrar and Transfer Agent, if any |
Integrated Registry Management Services Pvt. Limited ‘Kences Towers’, II Floor, 1 Ramakrishna Street, North Usman Road, T. Nagar, Chennai – 600 017 Phone: 044-28140801-803 Email: corpserv@integratedindia.in |
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
|
Name and Description of main products/services |
NIC Code of the product/service |
% to total turnover of the Company |
|
Manufacture of Rubber Lining Products, Trading of Rubber lining materials and Rubber linings |
22191 |
70.80% |
|
Manufacture of PTFE Lined Pipes and Fittings and PTFE Products |
22209 |
29.20% |
BOARD OF DIRECTORS
Noman H. Millwala (Chairman)
Rajiv Sreedhar (Managing Director)
Saroja Raman
K.J. Janakar
Dr. T. Venkatesan
PARTICULARS OF SUBSIDIARY COMPANIES
|
Name of the Company |
% of shares held |
|
MIL Industries and Aerospace Limited |
100.00% |
MIL INDUSTRIES LIMITED UNLISTED SHARE DETAILS
|
Total Available Shares: |
31,50,000 |
|
Face Value: |
Rs. 10 Per Equity Share |
|
ISIN: |
INE651L01019 |
|
PAN No.: |
AAACM4380Q |
|
Last Traded Price: |
Rs.240/- |
|
Lot Size: |
100 |
|
Market Capitalization: |
Rs. 75.60 Crore |
SHAREHOLDING PATTERN (As of 31-06-2021)
|
S. No. |
Shareholder’s Name |
Number of shares |
% of total Shares of the company |
|
1 |
Promoters Shareholding |
19,87,060 |
63.08% |
|
2 |
Public Shareholding |
11,62,940 |
36.92% |
|
|
Total |
31,50,000 |
100.00% |
INDUSTRY OUTLOOK
The Rubber Industry in India has been growing with strength. India is the fifth largest producer of natural rubber in the world and ranks second in the consumption of natural rubber. The plantations of the rubber has reached near saturation in Kerala and Tamil Nadu. Therefore, plantations are moving to the North Eastern region of India.
Before 2001, Rubber was listed as a negative import which greatly reduced opportunities in the country’s rubber industry. However, now India has accepted foreign rubber companies to come to India, thus offering many opportunities for companies around the world.
The growing demand for rubber material has opened up many opportunities for rubber companies in India. The automobile sector holds many opportunities being the largest consumer of natural rubber. In 2016, there was a reported 15 percent growth in this industry, and annual growth according to this trend is expected for the next few years. Growth in income and standard of living will provide major opportunities for rubber exports.
India’s rubber industry requires international cooperation to pursue the nation’s rubber board agenda to bring rubber plantations within the boundaries of Carbon Trade and the Kyoto Protocol. Both these refer to emission and pollution control. While the Carbon Trade allows companies to sell pollution rights to other companies who need them, Kyoto refers to accepting and taking responsibility for global warming and making amends to fix it.
