|Sales Growth||Profit Growth||Expense Growth||Stock Price CAGR|
The Indian Wood Products Company was promoted by Mr. H.N. Gladstone, Mr. H. Bateson, Mr. E.H. Bbray of London and others in the year 1919. The company was incorporated on December 23, 1919 as a company limited by shares under the Indian Companies Act, 1913, with the sole object to manufacture Katha and Cutch at Izatnagar, Bareilly (UP) India. The manufacturing activities were started in 1920 and the Board of Directors appointed M/s. Gillianders Arbuthnot & Co., as the managing agents to look after the daily activities of the company.
Up to 1962, The company was under the Director of Industries, Kanpur (UP) and it was only in 1963 that The company was granted an Industrial Licence by the Ministry of Commerce and Industry. With the abolition of Managing Agency System by the Companies Act, M/s. Gillanders Arbuthnot & Co. ceased to act as the Managing Agents of the company. Thereafter the control and management of The company vested with the Board of Directors consisting of Directors of Gillanders Arbuthnot & Co. Ltd., and their associate companies.
In 1980, the present management acquired the controlling interest in the company by acquisition of shares of the company.
The Indian Wood Products Co. established in 1919 is a Pioneer manufacturer of Katha (Catechu) and Cutch. They are mainly into the business of production, processing and marketing of high quality Katha (Catechu) and Cutch.
The company has attained over 90 years of experience in this business and are proceeding further towards realizing their objective of achieving ultimate customer satisfaction.
Business area of the company:
The company is mainly into the business of production, processing and marketing of high quality Katha (Catechu) and Cutch.