Kitply Industries Limited Unlisted Shares

About the Company:

(i) Kitply Industries Limited is India’s foremost manufacturer of Plywood and Blockboard. It was founded by Shri. S.P.Goenka and Shri. P.K.Goenka in 1982 in Assam, India. Kitply’s operations are spread throughout the country with 5 factories and 16 Sales Offices. Having a workforce of about 1000+ employees, it caters to a countrywide distribution network of over 300+ dealers.

(ii) Since its inception, the company has been a trendsetter and important benchmark for the plywood and Blockboard industry in respect of its production processes.

(iii) In India, Kitply’s brand name is synonymous with plywood and enjoys a high level of equity in the Indian market. It pioneered the concept of “Branded Plyboards” in the early ’80s.

The company’s products occupy an enviable position in the Indian marketplace and have multifarious applications – Ranging from household to buildings to construction. It is the only plywood company that features in the list of Consumer Super Brands of India. The company’s in-house research and technology ensures not just consistency in product quality but also continuous improvements in products, processes, and application areas. Kitply has also previously extended its services overseas to the Middle East, Nepal, Bangladesh, and Pakistan.

History of the Company

(i) The company was originally incorporated on 26th August 1982, in Assam as Sudershan Plywood Industries Private Ltd. a leading company of the S.P.Goenka Group. It became a public limited company on 1st April 1985. The company started manufacturing various grades of plywood from 1986 at its factory in Assam. The products were marketed under the trade name “Swastik”. The main objective of the company is to manufacture various grades of plywood, blackboards, flush doors, technical grade specialty plywood, etc.

(ii) From April 1989, the name of the company was changed from ‘Sudershan Plywood Industries Ltd. to Kitply Industries Ltd.’

(iii) In 1990, over three lakh Kadam plants were planted in Assam and Arunachal Pradesh under industry-farmers nexus basis. The company proposed to plant 5 lakh Kadam plants each year in these two states. Steps were taken to popularise the plantation scheme in the States of Nagaland and Meghalaya also.

(iv) In 1997, Kitply Industries Ltd had set up an institute for land restoration and agroforestry in collaboration with the Indian Institute of Technology, Kharagpur. The company has diversified into sugar manufacturing by setting up a 3500 TCD capacity sugar unit in western UP. The company is launching its laminates under the brand Kitmica, domestic hardware like door handles and knobs as Kitware, and its adhesives as Kitcol.

In 1999, the company expanded its decorative lamination unit at Igatpuri in Maharashtra.