Resin & Plastic Limited Unlisted Shares
(i) Resins and Plastics Ltd. (RPL) is one of India’s leading Synthetic Resin manufacturer catering to a wide range of industries today such as Adhesives, Coatings, Printing Inks, Insulating Varnishes, Wire Enamels, Lamination, Construction, Cosmetics, Textiles, and Foundries. RPL commenced its operations in 1971 for manufacturing Alkyd Resins, Epoxy Resins, Foundry Resins, Ketonic Resins, and Phenolic Resins some of which are import substitutes. RPL’s manufacturing facilities are located at MIDC, Taloja in Maharashtra and GIDC, Ankleshwar in Gujarat, both of which are in close proximity to the shipping ports. RPL’s strength lies in its manufacturing and strong distribution network that spans across India. RPL has its own sales offices and branches across the country and also deals through a few major distributors across different regions.
(ii) RPL also has an associate company, Pragati Chemicals Ltd. (PCL) that focuses on the manufacturing of Amino Resins, Ketonic Resins, and Epoxy Resins. PCL has a plant in Ankleshwar in Gujarat that is eco-friendly using natural gas as a source for heat.
(iii) RPL believes in leveraging technology to achieve a competitive advantage. It has a well-designed comprehensive in-house IT system that does demand generation and sales forecast projections. They also have an in-house CRM software that ensures efficient customer service and maintenance of long term business relations.
(iv) Over the years, RPL has also established itself as a noteworthy exporter of synthetic resins to the Coatings and Printing Ink manufacturers of the neighboring countries. In the coming years, they are also focusing on expanding their wings further across Asia, Africa, and the Middle East and South East Asian countries.
Resin & Plastic Limited Unlisted Shares Details:
|Total Available Shares:||1195|
|Face Value:||₹ 10 Per Equity Share|
|Lot Size:||10 Shares|
|Current Unlisted Share Price:||₹ 250 Per Equity Share|
|Retail Discount:||Bulk Deal (1%)|
Promoters And Management:
1. Shri Abhay A Vakil, Chairman Qualification: B.SC and BS from Syracuse University, USA.2. Shri Ashwin S Dani, Non-executive Director Qualification: B.Sc. (Hons), B.Sc. (Tech) (Pigments, Paints & Varnishes), Master’s Degree in Polymer Science, Diploma in Colour Science from Rensellaer Polytechnic, Troy, New York. 3. Shri Bharat B.Chovatia, Non-executive Independent Director Qualification: Bachelor’s Degree in Commerce and Law and is a practicing Chartered Accountant. 4. Shri Gobind J Lulla, Managing Director Qualification: B.Tech (Chemical Engg.) from I.I.T. Mumbai & PGDBM from IIM Ahmedabad.