Parekh Aluminex Ltd. Company History and Annual Growth Details

1994 - Parekh Aluminex Ltd incorporated and started commencing its operations as a manufacture of aluminum foil rolls and aluminum containers. It was promoted by Mr Anil Gothi and Mr rajendra Gothi.

1995 - Within a year of inception company had executed its expansion at Navi Mumbai,.

- During the year, company also brought in state-of-the-art technology from Korea and switched to fully automatic presses and moulds.

1997 - The company came out with the first public issue.

1999 - During the year, manufacturing facilities of the company shifted to the tax haven of Dadra & Nagar Haveli, which ensures higher returns to investors and a competitive edge in international markets in terms of pricing.

2000 - The company put its step into the international market in the year 2000, by bagging the first export order.

2002 - Company set up its second manufacturing unit at Dadra in the year 2002.

- It became the first company in the sector to receive ISO 9001:2000 certification from BVQI of UK.

2005 - The company got the 'STAR' Export House, and also received the 'EXPO GOLD CARD' from its lead bankers Indian Overseas Bank and M/s Dun & Bradstreet which accredited the company with the status '4S1-GOOD'.

2006 - Crisil Ltd accredited the Parekh Aluminex Ltd with 'SME-1'in the year 2006, which is its highest rating.

-The company got listed on the National Stock Exchange (NSE) in the same year.

2007 - As a part of mega expansion the company tripled its capacity in the year 2007.

- During the same year the company received ISO 22000:2005 and HACCAP certification.

- The company also initiated fund raising through an issue of GDR.

- On the extra ordinary general meeting held 29th December 2007, the company approved to delist the shares of the Company from Pune Stock Exchange.

2008

-Parekh Aluminex Limited has appointed Mrs. Heta Mehta as the Company Secretary of the Company on 28 Aug 2008.

2009

- Parekh Aluminex Limited has appointed Mr. Rajaendra Gothi as Executive Director of the Company

2010

- The Board has recommended a dividend of Rs. 3/- per share (30%).

- The Company has signed a MOU with State of Uttar Pradesh to setup a 250 MW Thermal Power Plant, as Lead Member on behalf of the Consortium.

2011

- The Board has recommended a final dividend of Rs. 3.50 per share of Rs. 10/- each (35%).

2012

- Parekh Alum - Acquisition of Company in U. S.

- The Board has recommended a final dividend of Rs. 4.00 per equity share of Rs. 10/- each (40%).

2013
-The company appointed Mr. Dhaval Mahesh Parikh as Managing Director of the Company.
-The company appointed Alok Agrawal as Director of the company.

2014
-The company appointed Mr. A. Diwakara Rao, General Manager of Indian Overseas Bank as the Nominee Director on the Board of the Company.

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