chapter four companies under study-a...

Chapter Four

COMPANIES UNDER STUDY-A PROFILE

Chapter Four

COMPANIES UNDER STUDY—A PROFILE

In this chapter an attempt is made to furnish some essential informationabout the stocks which are selected as samples for the study Stock PriceMovement in India. Twenty stocks are selected to represent differentindustries in India. All stocks are popular and familiar to everyone. They areall actively traded stocks in the Bombay stock Exchange. They are listed inthe Bombay Stock Exchange and included in the different market indices.The companies listed below are the samples under study.

List of Scrips selected for the study.Sl.No. Name of Company1 ACC2 Apollo Tyres3 Arvind Mills4 Ashok Leyland5 Asian Paints6 Axis Bank7 Ballarpur Industries8 Castrol9 Century10 Century Enka11 Colgate Palmolive12 Crompton Greaves13 Escorts Ltd.14 Garware Polyester15 Gujarath Narmada16 Harrison Malayalam17 Hindalco18 Indian Hotels19 Indian Reyons(Aditya Birla Nuvo Ltd.)20 ITC Ltd.

1. ACC (Associated Cement Companies Ltd)

ACC is the India's First name in Cement and Concrete. ACC Limitedis India’s foremost cement manufacturer with a countrywide network offactories and marketing offices. Established in 1936, ACC has been apioneer and trend-setter in cement and concrete technology. Among the firstcompanies in India to include commitment to environment protection as acorporate objective, ACC has won accolades for environment friendlymeasures taken at its plants and mines, and has also been felicitated for itsacts of good corporate citizenship. ACC is the most preferred cement brandname in India. ACC is now part of the worldwide Holcim Group.

ACC is the most actively traded stock in the Bombay Stock Exchange.BSE has included ACC in the group of A and in the index BSE 100. TheBSE scrip code of ACC is 500410. ACC belongs to the industry of Cementand Cement Products.

The face value of the share of ACC is Rs.10/-.The closing price of iton 1.1.1999 was Rs.1010 and the closing price on 31.12.2009 wasRs.871.50.

The chairman of the company is Mr.N.S.Seksaria. The registeredoffice is situated at Mumbai.

2. Apollo Tyres

Apollo Tyres Ltd is a high-performance company and the leadingIndian tyre manufacturer. Head quartered in Gurgaon, a corporate-hub in theNational Capital Region of India, Apollo is a young, ambitious and dynamicorganization, which takes pride in its unique identity. Registered as acompany in 1976, Apollo is built around the core principles of creatingstakeholder value through reliability in its products and dependability in itsrelationships. Apollo’s present strength and market dynamism steps from itsearly years of strife in establishing itself as a tyre manufacturer within theclosed Indian economy. Over two decades, Apollo worked on a portfolio ofproducts, tuned to customer needs and an array of innovative marketing

initiatives to establish itself as a leader in its home market. Some of theseinclude segmenting customers by their load and mileage requirements,running tyre loyalty programmes, establishing customer contact programmeswhich resulted in better health and driving habits, introducing India’s firstfarm radials and India’s first range of high-speed tubeless passenger cartyres.

Apollo Tyres is the most actively traded stock in the Bombay StockExchange. BSE has included Apollo Tyres in the group of A and in theindex BSE 200. The BSE scrip code of Apollo Tyres is 500877. ApolloTyres belongs to the industry of Auto Tyres and Rubber Products.

The face value of the share of Apollo Tyres is Re.1/-.The closing priceof it on 1.1.1999 was Rs.64.85 and the closing price on 31.12.2009 wasRs.48.80.

The chairman of the company is Mr. Onkar S. Kanwar. The registeredoffice is situated at Cherupushpam Building, 6th floor, Shanmugham Road,Kochi-682031.

3. Arvind Mills

Arvind Mills, the flagship company of the Lalbhai Group, is oneof India's leading composite manufacturer of textiles. Its headquarters is inAhmedabad, Gujarat, India. It manufactures a range of cotton shirting,denim, knits and bottomweights (Khakis) fabrics. It is India's largest denimmanufacturer apart from being world’s fourth-largest producer and exporterof denim. In the early 1980s, the company brought denim into the domesticmarket, thus started the jeans revolution in India. Today it not only retails itsown brands like Flying Machine, Newport and Excalibur but also licensedinternational brands like Arrow, Lee, Wrangler and Tommy Hilfiger,through its nationwide retail network. Arvind also runs a value retail chain,Megamart, which stocks company brands. The original budget for thecompany totaled $ 55 thousand, at present it is $ 500 million. Arvind featureis that its enterprises are equipped with highly advanced equipment of a fullcycle – from painting the fiber to the finished product.

Arvind Mills was established in 1931 as Ahmedabad its Headquarters.Important products manufactured are denim, knits and khakhis. It has arevenue of Rs.23.45 billion. It provides employment to 26000 people.

Arvind Mills is the most actively traded stock in the Bombay StockExchange. BSE has included Arvind Mills in the group of B and in the indexBSE50. The BSE scrip code of Arvind Mills is 500101. Arvind Millsbelongs to the industry of Textiles Products.

The face value of the share of Arvind Mills is Re.10/-.The closingprice of it on 1.1.1999 was Rs.39.70 and the closing price on 31.12.2009 wasRs.39.10.

The chairman of the company is Mr.Sanjay S Lalbhai. The registeredoffice is situated at Naroda Road, Ahmedabad 380025.

4. Ashok Leyland

Ashok Leyland is a commercial vehicle manufacturing companybased in Chennai, India. Founded in 1948, the company is one of India'sleading manufacturers of commercial vehicles, such as trucks and buses, aswell as emergency and military vehicles. Operating six plants, AshokLeyland also makes spare parts and engines for industrial and marineapplications. It sells about 60,000 vehicles and about 7,000 enginesannually. It is the second largest commercial vehicle company in India in themedium and heavy commercial vehicle (M&HCV) segment with a marketshare of 28% (2007–08). With passenger transportation options rangingfrom 19 seaters to 80 seaters, Ashok Leyland is a market leader in the bussegment. The company claims to carry over 60 million passengers a day,more people than the entire Indian rail network. In the trucks segment AshokLeyland primarily concentrates on the 16 ton to 25 ton range of trucks.However Ashok Leyland has presence in the entire truck range starting from7.5 tons to 49 tons. The joint venture announced with Nissan Motors ofJapan would improve its presence in the Light Commercial Vehicle (LCV)segment (<7.5 tons).

Ashok Leyland was established in 1948 as Chennai, Tamilnadu itsHeadquarters. Important products manufactured are auto mobiles engines. Ithas a revenue of Rs.30,550 crores. It provides employment to 1,15,812 men.

Ashok Leyland is the most actively traded stock in the Bombay StockExchange. BSE has included Ashok Leyland in the group of A and in theindex BSE100. The BSE scrip code of Ashok Leyland is 500477. AshokLeyland belongs to the industry of Commercial Vehicles.

The face value of the share of Ashok Leyland is Re.1/-.The closingprice of it on 1.1.1999 was Rs.44.80 and the closing price on 31.12.2009 wasRs.49.55.

The chairman of the company is Mr.Dheeraj G Hinduja. Theregistered office is situated at Sardar Patel Road, Guindy, Chennai 600032.

5. Asian Paints

Asian Paints is an Indian chemicals company headquarteredin Mumbai, India. It manufactures a wide range of paints for decorative andindustrial use. Asian Paints is India's largest paint company and Asia's thirdlargest paint company, with a turnover of Rs 77.06 billion. It is one of thelargest paint companies in the world and operates in 17 countries. BesidesAsian Paints, the group operates around the world through its subsidiariesBerger International Limited, Apco Coatings, SCIB Paints and Taubmans.

Asian Paints was established in 1942 as Mumbai its Headquarters.Important products manufactured are paints and specialty products. It has arevenue of Rs.7788 crores. It provides employment to 4640 people.

Asian Paints is the most actively traded stock in the Bombay StockExchange. BSE has included Asian Paints in the group of A and in theindex BSE100. The BSE scrip code of Asian Paints is 500820. Asian Paintsbelongs to the industry of furniture, furnishing and paints.

The face value of the share of Asian Paints is Rs.10/-.The closingprice of it on 1.1.1999 was Rs.285.50 and the closing price on 31.12.2009was Rs. 1796.25.

The chairman of the company is Mr. Aswin C Choksi. The registeredoffice is situated at 6 A, Shanti nagar, Santacruz East, Mumbai 400055.

6. Axis Bank

Axis Bank Limited, formerly UTI Bank, is an Indian financialservices firm that had begun operations in 1994, after the Government ofIndia allowed new private banks to be established. The Bank was promotedjointly by the Administrator of the Specified Undertaking of the Unit Trustof India (UTI-I), Life Insurance Corporation of India (LIC), GeneralInsurance Corporation Ltd., National Insurance Company Ltd., The NewIndia Assurance Company, The Oriental Insurance Corporation and UnitedIndia Insurance Company. UTI-I holds a special position in the Indiancapital markets and has promoted many leading financial institutions in thecountry. The bank changed its name to Axis Bank in April 2007 to avoidconfusion with other unrelated entities with similar name. After theRetirement of Mr. P. J. Nayak, Shikha Sharma was named as the bank'smanaging director and CEO on 20 April 2009.

As on the year ended 31 March 2009 the Bank had a total incomeof 137.4504 billion (US$2.74 billion) and a net profit of 18.1293 billion(US$361.68 million).

On 24 February 2010, Axis Bank announced the launch of 'AXISCALL & PAY on atom', a unique mobile payments solution using AxisBank debit cards. Axis Bank is the first bank in the country to provide asecure debit card-based payment service over IVR.

Axis Bank Limited was established in 1994 as Mumbai, Maharashtraits Headquarters. Important products dealt are Credit cards, consumerbanking, corporate banking, finance and insurance, investment banking,mortgage loans, private banking, private equity, and wealth management. Ithas a revenue of 198.26 billion. It provides employment to 21,640 men.

Axis Bank is the most actively traded stock in the Bombay StockExchange. BSE has included Axis Bank in the group of A and in the indexBSE100. The BSE scrip code of Axis Bank is 532215. Axis Bank belongs tothe industry of Banking.

The face value of the share of Axis Bank is Rs.10/-.The closing priceof it on 1.1.1999 was Rs.16.35 and the closing price on 31.12.2009 wasRs.988.70.

6. Axis Bank







6. Axis Bank







The Managing Director & CEO of the company is Sikha Sharma. Theregistered office is situated at Trishul, 3rd floor, Samartheshwar Temple,Near Law Garden, Ellisbridge, Ahmedabad 380006.

7. Ballarpur Industries

Ballarpur Industries Limited (BILT) is a flagship of the US$ 4bn Avantha Group and India's largest manufacturer of writing and printing(W&P) paper. The current chairman of the company is Gautam Thapar, whosucceeded his late uncle L.M. Thapar.

BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia'slargest pulp and paper company, and BILT Tree Tech Limited (BTTL),which runs BILT's farm forestry programme in several states in India.

BILT has six manufacturing units across India, which give thecompany geographic coverage over most of the domestic market. BILT hasa dominant share of the high-end coated paper segment in India. Thecompany accounts for over 50% of the coated wood-free paper market, animpressive 85% of the bond paper market and nearly 45% of the hi-brightMaplitho market, besides being India's largest exporter of coated paper.

BILT’s acquisition of SFI in 2007 was a watershed event – it was thefirst overseas acquisition by an Indian paper company. This acquisitiontransformed BILT into a major regional player, and elevated the company'sranking among the global top 100.

Ballarpur Industries Limited (BILT) was established in 1945, Gurgaonas its Headquarters. Important products manufactured are writing andprinting papers. It has a revenue of USS 1 billion.

Ballarpur Industries Limited (BILT) is the most actively traded stockin the Bombay Stock Exchange. BSE has included Ballarpur IndustriesLimited (BILT) in the group of B and in the index BSE500. The BSE scripcode of Ballarpur Industries Limited (BILT) is 500102. Ballarpur IndustriesLimited (BILT) belongs to the industry of Paper & Paper products.

The face value of the share of Ballarpur Industries Limited (BILT) isRs.2/-.The closing price of it on 1.1.1999 was Rs.27.85 and the closing priceon 31.12.2009 was Rs.23.95.

The Chairman of the company is Gautham Thapar. The registeredoffice is situated at P.O.Ballarpur Paper Mills, Dist. Chandrapur, Ballarpur442901.

8. Castrol

Castrol India is an automotive and industrial lubricant manufacturingcompany. Castrol India is the 2nd largest manufacturer of automotive andindustrial lubricants in the Indian lubricant market and owns around 22%market share in the overall Indian lubricant market. It is partof Castrol Limited UK (part of BP Group). It has 5 manufacturing plants thatare networked with 270 distributors, serving over 70,000 retail outlets.

In 1910, Castrol India started importing certain automotive lubricantsfrom C C Wakefield & Company made an entry in the Indian market. In1979, CIL was incorporated under the name of Indrol Lubricants andSpecialities Pvt Ltd. It was listed on BSE in 1982 and CIL was convertedinto a public limited company. CIL had formed a subsidiary Company in theyear 1987 under the name of Indtech Speciality Chemicals, Ltd.

On 1 November 1990, The name of the company was changed fromIndrol Lubricants & Specialities Ltd. to Castrol India Ltd. It helped tomanufacture of Telephone cable jellies, pharmaceuticals jellies andindustrial waxes in technical collaboration with Dussek Campbell, U.K.

Castrol India was established in 1910 as Mumbai, Maharashtra itsHeadquarters. Important products dealt are oil, petroleum, petrochemical,and lubricant. It has a revenue of 2354.30 crore.

Castrol India is the most actively traded stock in the Bombay StockExchange. BSE has included Castrol India in the group of A and in the indexBSE200. The BSE scrip code of Castrol India is 500870. CastrolIndia belongs to the industry of Oil Marketing & Distribution.

The face value of the share of Castrol India is Rs.10/-.The closingprice of it on 1.1.1999 was Rs. 758.25 and the closing price on 31.12.2009was Rs. 605.8.

The Chairman of the company is S.M Datta. The registered office issituated at Technopolis Knowledge Park, Mahakali Caves Road, P.O.BoxNo.19411, Chakala Andheri[East], Mumbai.


8. Castrol









8. Castrol








9. Century Textiles

Century Textile and Industries is 113 years old textile, cement, papermanufacturing and export company based in Mumbai. The main businessactivity involves manufacture of cotton textiles, yarn, denim, viscosefilament rayon yarn, tire-cords, caustic soda, sulfuric acid, salt, cement, pulp,and paper. The company also has a substantial dominance in theinternational textile markets and exports its products to more than 45countries around the globe.

Century Textiles & Industries Limited is an IS/ISO 9001:2000 andISO 14001 company. Government of India also awarded with 'Three StarExport House' status.

Century Textiles & Industries Limited was established in 1897 asMumbai, Maharashtra its Headquarters. Important products manufatured arefabrics, designer wear, denim, cosmetics & toiletries, engineering files &tools, prophylactics and air charter services. It has a revenue of 4543.18crores.

Century Textiles & Industries Limited is the most actively tradedstock in the Bombay Stock Exchange. BSE has included Century Textiles &Industries Limited in the group of A and in the index BSE200. The BSEscrip code of Century Textiles & Industries Limited is 500040. CenturyTextiles & Industries Limited belongs to the industry of Cement & Cementproducts.

The face value of the share of Century Textiles & Industries Limitedis Rs.10/-.The closing price of it on 1.1.1999 was Rs. 42.60 and the closingprice on 31.12.2009 was 528.05

The Chairman of the company is B.K.Birla. Century Textiles &Industries Limited is situated at Century Bhawan, Dr.Annie Besant Road,Worli, Mumbai 400030.

9. Century Textiles







9. Century Textiles







10. Century Enka

Century Enka Limited was established in 1965, as a joint venture ofthe B K Birla group and Accordis group of Netherland. In 2006 AcordisOverseas Investment an associate of Dutch company Acordis, sold its entirestake in the company in the favour of B K Birla Group.

It manufactures nylon and other man-made fibres and fabrics. Nylonyarn is marketed in India under the trade mark ‘Enkalon’. The companyproduces jumbo beams, specialty yarns, industrial/fiber grade chips,industrial yarns and tyre-cord fabrics. Its yarns are used as reinforcingmaterial in tyres, conveyor belts, V-belts, hoses, ropes and cordage, andbroad and narrow woven. After completing the first phase of modernization,the company launched draw warper jumbo beams for the first time in India.The product is focused for manufacturing of premium fabrics made fromzero twist-sized warp yarn on hi-tech German make draw warping machines.

Century Enka Limited (CEL) has three plants with state of the arttechnology viz. Century Enka Ltd. - Pune, Konkan Synthetic Fibres - Mahadin Maharashtra & Rajashree Polyfil - Bharuch in Gujrat producing Nylon &Polyester Filament Yarns (Textile grade), POY, Jumbo Beams, SpecialityYarns, Industrial/Fibre grade Chips, Industrial Yarns & Tyre Cord Fabrics.

Century Enka Limited (CEL) was established in 1965, Pune as itsHeadquarters. Important products manufatured are Nylon Tyre Cord Fabric,PolyeFilament Yarn, Nylon Filament Yarn, Polyester Chips, NylonIndustrial Yarn.

Century Enka Limited (CEL) is the most actively traded stock in theBombay Stock Exchange. BSE has included Century Enka Limited (CEL) inthe group of B and in the index Small Cap. The BSE scrip code of CenturyEnka Limited (CEL) is 500280. Century Enka Limited (CEL) belongs to theindustry of Textiles.

The face value of the share of Century Enka Limited (CEL) is Rs.10/-.The closing price of it on 1.1.1999 was Rs. 37.05 and the closing price on31.12.2009 was Rs.306.60.

The Director of the company is D.Y.Gaitonde. Century Enka Limited(CEL) is situated at 2nd floor, Century Arcade, Narngi Baug Road, Pune4110001.

11. Colgate Palmolive

Colgate-Palmolive Company is an American multinational consumerproducts company focused on the production, distribution and provision ofhousehold, health care and personal products, such as soaps, detergents,and oral hygiene products (including toothpaste and toothbrushes). Under its"Hill's" brand, it is also a manufacturer of veterinary products. Thecompany's corporate offices are on Park Avenue in MidtownManhattan, New York City.

Colgate-Palmolive was established in 1806, New York City, NewYork, United States of America as its Headquarters. Important productsmanufactured are soaps, detergents, and oral hygiene products(including toothpaste and toothbrushes).

Colgate-Palmolive is the most actively traded stock in the BombayStock Exchange. BSE has included Colgate-Palmolive in group of A and inthe index BSE100. The BSE scrip code of Colgate-Palmolive is 500830.Colgate-Palmolive belongs to the industry of Personal Products.

The face value of the share of Colgate-Palmolive is Re.1/-.The closingprice of it on 1.1.1999 was Rs. 197.10 and the closing price on 31.12.2009was Rs.659.

The Director of the company is Mukul Deoras. Registered Office ofColgate-Palmolive is situated at Colgate Research Centre Main Street,Hiranandani Gardens, Powai,Mumbai 400076.

12. Crompton Greaves

Crompton Greaves (CG) is an Indian multinational engaged in design,manufacturing, and marketing of products related to power generation,transmission, and distribution based in Mumbai. It is part of AvanthaGroup. Col. R.E.B. Crompton founded R.E.B. Crompton & Company in1878. The company was merged with F.A Parkinson in 1927 to form

Crompton Parkinson Ltd. Greaves Cotton and Company, established byJames Greaves in 1859, was appointed as their concessionaire in India. In1937, Crompton Parkinson established Crompton Parkinson Works Ltd. inBombay as a wholly owned Indian subsidiary. In collaboration with GreavesCotton, it also established a sales organization, Greaves Cotton & CromptonParkinson Ltd. In 1947, just before India's Independence, Lala Karam ChandThapar, an eminent Indian industrialist, bought Greaves Cotton, when thecompany was put up for sale. With this acquisition, Karam Chand Thapargained control of several associated companies such as Crompton ParkisonWorks, Greaves Cotton and Crompton Parkinson Company. The nameCrompton Greaves Limited was adopted on 2 August 1966, following acourt-directed amalgamation of Greaves Cotton and Cromption ParkinsonLtd. Over the years, the company has evolved into one of India's largestprivate sector enterprises. After the acquisition of the Belgium-basedPauwels Trafo/Pauwels Group in May 2005, Crompton Greaves was rankedamongst the world's top ten electrical transformer manufacturers. Thecompany subsequently acquired a host of companies outside India. Theseinclude Ganz (Hungary), Microsol (Ireland), Sonomatra (France) and MSEPower Systems (USA). Crompton Greaves is a part of the US$ 4bn AvanthaGroup, and is headquartered in a self-owned landmark building at Worli,Mumbai.

Crompton Greaves was established in 1878 as Mumbai, Maharashtraits Headquarters. Important products dealt are Transformers, HT & LTMotors, DC Motors and Railway Signaling. It has a revenue of 5362.74crore.

Crompton Greaves is the most actively traded stock in the BombayStock Exchange. BSE has included Crompton Greaves in the group of A andin the index BSE100. The BSE scrip code of Crompton Greaves is 500093.Crompton Greaves belongs to the industry of Heavy Electrical Equipment.

The face value of the share of Crompton Greaves is Rs.2.The closingprice of it on 1.1.1999 was Rs.52.20 and the closing price on 31.12.2009 wasRs.425.85.

The Vice Chairman of the company is S.M.Trehan. The registeredoffice is situated at CG House, 6th floor, Dr.Annie Besant Road, Worli,Mumbai 400030.











13. Escorts Ltd.

The Escorts Group, is among India's leading engineeringconglomerates operating in the high growth sectors of agri-machinery,construction & material handling equipment, railway equipment and autocomponents. Having pioneered farm mechanization in the country, Escortshas played a pivotal role in the agricultural growth of India for over fivedecades. One of the leading tractor manufacturers of the country, Escortsoffers a comprehensive range of tractors, more than 45 variants starting from25 to 80 HP. Escort, Farmtrac and Powertrac are the widely accepted andpreferred brands of tractors from the house of Escorts.

A leading material handling and construction equipment manufacturer,Escorts manufactures and markets a diverse range of equipment like cranes,loaders, vibratory rollers and forklifts. Escorts today is the world's largestPick 'n' Carry Hydraulic Mobile Crane manufacturer. Escorts has been amajor player in the railway equipment business in India for nearly fivedecades. Our product offering includes brakes, couplers, shock absorbers,rail fastening systems, composite brake blocks and vulcanized rubber parts.In the auto components segment, Escorts is a leading manufacturer of autosuspension products including shock absorbers and telescopic front forks.Over the years, with continuous development and improvement inmanufacturing technology and design, new reliable products have beenintroduced.

Throughout the evolution of Escorts, technology has always been itsgreatest ally for growth. In the over six decades of our inception, Escorts hasbeen much more than just being one of India's largest engineeringcompanies. It has been a harbinger of new technology, a prime mover on theindustrial front, at every stage introducing products and technologies thathelped take the country forward in key growth areas. Over a million tractorsand over 16,000 construction and material handling equipment that haverolled out from the facilities of Escorts, complemented by a highly satisfiedcustomer base, are testimony to the manufacturing excellence of Escorts.Following the globally accepted best manufacturing practices with relentlessfocus on research and development, Escorts is today in the league of premiercorporate entities in India.

Escorts Ltd. was established in 1948 as New Delhi its Headquarters.Important products dealt are Agri Machinery, Construction Equipment, Autoproducts, and Railway products.

Escorts Ltd. is the most actively traded stock in the Bombay StockExchange. BSE has included Escorts Ltd. in the group of B and in the indexBSE500. The BSE scrip code of Escorts Ltd. is 500495. Escorts Ltd. belongsto the industry of Commercial vehicles.

The face value of the share of Escorts Ltd. is Rs.10.The closing priceof it on 1.1.1999 was Rs.74 and the closing price on 31.12.2009 was Rs.132.

The Chairman of the company is Rajan Nanda. The registered officeis situated at 11 Scindia House, Connaught Circus, New Delhi 110001.

14. Garware Polyester

Garware Polyester Ltd. (the Company) was co-promoted by theChairman and Managing Director Mr. S.B. Garware in the year 1957alongwith the Founder Chairman Late Padmabhushan Dr. Bhalchandra(Abasaheb) Garware. The Company has developed in-house Technology forPolyester Films in India and put its first State-of-the-Art plant tomanufacture Polyester Films in the year 1976 at Aurangabad in MaharashtraState, India which was the first plant of its kind in South-East Asia. TheCompany is the only one of its kind to manufacture its own raw material thatis Polyester Chips to manufacture Polyester Films for variety of endapplications such as Packaging, Electrical & Motor and Cable Insulations,Shrink Film for label application, Coloured Polyester Films for WindowTint application, sequin, TV Screen, Safety etc.

The Company has four manufacturing plants for Polyester Film andmanufactures Film of thickness ranging from 10 micron to 350 micron. TheCompany possesses Patented Technology for Dyed Polyester Film in Indiaand USA and is the Second Company to the one possessing suchTechnology. The Company has facility of co-extrusion, Corona, on-line andoff-line coating etc.

Garware Polyester Ltd was established in 1957 as Aurangabad itsHeadquarters. Important products dealt are Polyester films.

Garware Polyester Ltd is the most actively traded stock in theBombay Stock Exchange. BSE has included Garware Polyester Ltd in thegroup of B and in the index SMLCAP. The BSE scrip code of GarwarePolyester Ltd is 500655. Garware Polyester Ltd belongs to the industry ofCommodity Chemicals.

The face value of the share of Garware Polyester Ltd is Rs.10.Theclosing price of it on 1.1.1999 was Rs.74 and the closing price on31.12.2009 was Rs.48.

The Chairman of the company is Shashikant B Garware. Theregistered office is situated at Naigaon, Post Waluj,Aurangabad 431133.

15. Gujarat Narmada

Gujarat Narmada Valley Fertilisers Limited (GNFC) isan Indian manufacturer of fertilizer. GNFC was founded in 1976 and it islisted on Mumbai Stock Exchange. The company was jointly promoted bythe Government of Gujarat and the Gujarat State Fertilizer CompanyLimited (GSFC). It was set up in Bharuch Gujarat. The main product isFertilisers,Industrial Chemical & IT Solutions.

Gujarat Narmada is the most actively traded stock in the BombayStock Exchange. BSE has included Gujarat Narmada in the group of B andin the index BSE500. The BSE scrip code of Gujarat Narmada is 500670.Gujarat Narmada belongs to the industry of Fertilizers. The face value of theshare of Gujarat Narmada is Rs.10. The closing price of it on 1.1.1999 wasRs.18.50 and the closing price on 31.12.2009 was Rs.105.10.

The Chairman of the company is A.K.Joti. The registered office issituated at P.O.Narmada Nagar, Bharuch 392015.

16.Harrison Malayalam

Harrisons Malayalam (HML), incorporated in 1978, is primarilyengaged in production of tea. The company also has business interests inareas of rubber, spices and horticulture crops, tissue culture, engineering andservices and clearing and shipping. The main product is tea/coffe..

Harrisons Malayalam is the most actively traded stock in the BombayStock Exchange. BSE has included Harrisons Malayalam in the group of B.The BSE scrip code of Harrisons Malayalam is 500467. HarrisonsMalayalam belongs to the industry of Auto Tyres and rubber products. Theface value of the share of Harrisons Malayalam is Rs.10. The closing priceof it on 1.1.1999 was Rs.36.45 and the closing price on 31.12.2009 wasRs.134.40.

The Chairman of the company is Sanjiv Goenka. The registered officeis situated at 24/1624, Bristow Road, Willingdon Island,Cochin 682003.

17. Hindalco

The Hindustan Aluminum Corporation Limited was established in1958 by the Aditya Birla Group. In 1962 the company began production inRenukoot in Uttar Pradesh making 20 billion metric tons per year ofaluminum metal and 40 billion metric tons per year of alumina. In 1989 thecompany was restructured and renamed Hindalco. Hindalco Industries Ltd.is one of the world's largest aluminum manufacturing companies and is asubsidiary of the Aditya Birla Group. It is run by one of the world's youngestbillionaires, Kumar Mangalam Birla. The company has annual sales of US$5billion and employs 13,675 people and is listed on Forbes 2000. A metalspowerhouse with a turnover ofUS$14 billion, Hindalco is one of the world'slargest aluminium rolling companies and one of the biggest producers ofprimary aluminium in Asia.

Hindalco was established in 1958 as Mumbai, Maharashtra itsHeadquarters. Important products dealt are Aluminium and copper products.It provides employment to 19341 people. Hindalco has total revenue ofRs.720.77 billion. Hindalco is the most actively traded stock in the BombayStock Exchange. BSE has included Hindalco in the group of A and in theindex sensex. The BSE scrip code of Hindalco is 500440. Hindalco belongsto the industry of Aluminium.

The face value of the share of Hindalco is Re.1.The closing price of iton 1.1.1999 was Rs.517.25 and the closing price on 31.12.2009 wasRs.160.75.

The Chairman of the company is Dr.Kumar Mangalam Birla. Theregistered office is situated at Century Bhavan, 3rd Floor, Dr Annie BesantRoad Worli,Mumbai 400030.

18. Indian Hotels

The Indian Hotels Company Limited (IHCL) and its subsidiaries arecollectively known as Taj Hotels Resorts and Palaces and is recognised asone of Asia's largest and finest hotel company. Incorporated by the founderof the Tata Group, Mr. Jamsetji N. Tata, the company opened its firstproperty, The Taj Mahal Palace Hotel, Bombay in 1903. The Taj, a symbolof Indian hospitality, completed its centenary year in 2003. Taj HotelsResorts and Palaces comprises 93 hotels in 55 locations across India with anadditional 16 international hotels in the Maldives, Malaysia, Australia, UK,USA, Bhutan, Sri Lanka, Africa and the Middle East. Spanning the lengthand breadth of the country, gracing important industrial towns and cities,beaches, hill stations, historical and pilgrim centres and wildlife destinations,each Taj hotel offers the luxury of service, the apogee of Indian hospitality,vantage locations, modern amenities and business facilities. IHCL operate inthe luxury, premium, mid-market and value segments of the market.

The Indian Hotels Company Limited was established in 1903 asMumbai, Maharashtra its Headquarters. The Indian Hotels CompanyLimited is the most actively traded stock in the Bombay Stock Exchange.BSE has included The Indian Hotels Company Limited in the group of Aand in the index BSE200. The BSE scrip code of The Indian Hotels

Company Limited is 500850. The Indian Hotels Company Limited belongsto the industry of Hotels.

The face value of the share of The Indian Hotels Company Limited isRe.1.The closing price of it on 1.1.1999 was Rs.356.25 and the closing priceon 31.12.2009 was Rs.102.35.

The Chairman of the company is Mr.R.N.Tata. The registered office issituated at Mandlik House, Mandlik Road,Mumbai 400001.

19. Indian Reyons (Aditya Birla Nuvo)

The Aditya Birla Group is an Indian multinational conglomerate corporationheadquartered in Mumbai, India. It operates in 33 countries with more than133,000 employees worldwide. The group has diversified business interestsand is dominant player in all the sectors in which it operates such as viscosestaple fibre, metals, cement, viscose filament yarn, branded apparel, carbonblack, chemicals, fertilisers, insulators, financial services, telecom, BPO andIT services.

The Aditya Birla group is a US$ 35 billion conglomerate which gets60 % of its revenues from outside India. The Aditya Birla Group has beenadjudged the best employer in India and among the top 20 in Asia by theHewitt-Economic Times and Wall Street Journal Study 2007. The origins ofthe group lie in the conglomerate once held by one of India's foremostindustrialists Mr. Ghanshyam Das Birla.

The Aditya Birla Group is the most actively traded stock in theBombay Stock Exchange. BSE has included The Aditya Birla Group in thegroup of A and in the index BSE200. The BSE scrip code of The AdityaBirla Group is 500303. The Aditya Birla Group belongs to the industry ofdiversified.

The face value of the share of The Aditya Birla Group is Rs.10. Theclosing price of it on 1.1.1999 was Rs.113.80 and the closing price on31.12.2009 was Rs.876.30.

The Chairman of the company is Dr. Rakesh Jain. The registeredoffice is situated at Indian Rayon Compound,Veraval 362266.

20. ITC Ltd

ITC Limited or ITC is an Indian public conglomerate companyheadquartered in Kolkata, West Bengal, India.[2] Its diversified businessincludes four segments: Fast Moving Consumer Goods (FMCG), Hotels,Paperboards, Paper & Packaging and Agri Business. ITC's annual turnoverstood at $7 billion and market capitalization of over $33 billion. Thecompany has its registered office in Kolkata. It started off as the ImperialTobacco Company, and shares ancestry with Imperial Tobacco of the UnitedKingdom, but it is now fully independent, and was rechristened to IndianTobacco Company in 1970 and then to I.T.C. Limited in 1974.

ITC Limited was established in 1910 as Kolkota, West Bengal itsHeadquarters. Important products dealt are Tobacco, Hotels, Paperboards &specialty papers, packaging, agri-business, packaged foods & confectionery,IT, branded apparel, personal care, stationery, safety matches andother FMCG products.

ITC Limited is the most actively traded stock in the Bombay StockExchange. BSE has included ITC Limited in the group of A and in theSensex. The BSE scrip code of ITC Limited is 500875. ITC Limited belongsto the industry of Cigarettes and tobacco products. The face value of theshare of ITC Limited is Re.1.The closing price of it on 1.1.1999 was Rs.754and the closing price on 31.12.2009 was Rs.250.85.

The Director of the company is N.Anand. The registered office issituated at Virginia House, 37 Jawaharlal Nehru Road,Kolkata 700071.

Source: www.bseindia.com

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