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Time Technoplast Ltd share price today (on 2 April 2023).
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BSE: 532856 | NSE: TIMETECHNO | ISIN: INE508G01029 Market Cap: [Rs.Cr.] 980 | Face Value: [Rs.] 1 Industry: Plastics ProductsTime Technoplast Ltd is an India-based company, which is engaged in manufacturing of polymer packaging products. The company offers a range of technology based polymer products catering to the growing sectors of the Indian economy with Industrial and Consumer Packaging Solutions, Lifestyle Products, Auto Components, Healthcare Products and Construction / Infrastructure related products.
Their product portfolio consists of packaging products including Drums / Containers, Pails, PET sheets, Entrance Mattings, Turfs, Garden Furniture, Automotive Components, Auto Disabling Medical Disposables and Warning Nets. The company is having their manufacturing facilities located at Baddi in Himachal Pradesh, Pantnagar in Uttarakhand, Sahibabad in Uttar Pradesh, Mahad in Maharashtra, Hosur in Tamil Nadu, Daman & Diu and Silvassa.
They are also having their manufacturing facilities in Sharjah. They are having qualified and trained team of Marketing & Sales professionals servicing over 500 institutional clients and its distribution / dealer network is spread over 345 cities and towns. Time Technoplast Ltd was incorporated on December 20 1989 in the name Time Packaging Pvt Ltd and in the year 1992, the name was changed to Time Packaging Ltd. In the same year, the company started their operations as a small scale industry with production facility at Tarapur in Maharashtra. In the year 1993, they made a technical collaboration with Mauser Group. In the year 1984, the company built a new production facility at Daman (UT) and started manufacturing of large size polymer drums. In the year 1995, they established their presence in South India through their production facility at Hosur in Tamil Nadu. In the year 1996, they started a plant at Baddi in Himachal Pradesh. They launched lifestyle products, namely Synthetic Turf & Matting under the brand 'Meadowz' and 'DuroTurf' in the year 1998 and in the next year, they launched Garden Furniture under the brand 'Regal'. In the year 1999, the company expanded their plant at Daman by adding production facility for packaging product.
In the year 2000, they added new facility at Sahibadad for Garden furniture. In the year 2001, they set up an additional plant for PET sheets at Daman and also started production of plastic pails, namely conipails. In the year 2004, the company established a joint venture company with Mauser for manufacture of Intermediate Bulk Containers. In the year 2005, the company set up a 100% subsidiary, namely Elan Incorporated FZE in Sharjah (UAE). In the year 2006, the company started additional manufacturing facility for production of large size plastic drums at Mahad. They launched Genex medical devices and lifestyle products, namely Durosoft during the year. They also set up a 100% subsidiary, namely Novo Tech Spzo.o. at Poland for manufacturing Auto Components and Lifestyle Products at Kostryzn Slubice Special Economic Zone.
In the same year, the company entered into a MoU with Time Securities Services Pvt Ltd for acquisition of 49% stake in MHA, a joint venture with Mauser Group at Singapore. Also, they acquired 75% stake in TPL Plastech Ltd (formerly known as Tainwala Polycontainers Ltd). During the year, the group companies, namely Shalimar Packaging Pvt Ltd and Oxford Moulding Pvt Ltd merged with the company. During the year 2007-08, the company acquired 71.48% equity stake in NED Energy Ltd, a closely held company engaged in manufacture of high technology Valve Regulated Lead Acid (VRLA) batteries based at Hyderabad. Also, NED Energy Ltd acquired Gulf Powerbeat WLL (GPW), Kingdom of Bahrain, which has state-of-the art production facility at South Alba Industrial Area, Manama, Bahrain for manufacture of high quality long life batteries.
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