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IVP Limited : Historical Milestones
YEAR EVENTS 1929 - The Company was incorporated on 5th July at Mumbai. The Company Manufacture vegetable oils & vanaspati Margarine, Plastics Minar Chemicals, Foundry, products, Spark Plugs & Industrial Ceramics.
1930 - IVP commenses operations. production of hardened cooking fat.
1939 - 1,100 Bonus shares issued in the proportion 1:10.
1947 - 6,050 Bonus shares issued in the proportion 1:2.
1954 - 3,025 Bonus shares issued in the proportion 1:6.
1962 - Establishment of Research and Development facilities at the Raey Road Factory
1963 - 3,025 Bonus shares issued in the proportion 1:7.
1964 - Begining of the Factory Chemicals Division
1966 - 4,840 Bonus shares issued in the proportion 1:5.
1973 - 11,616 Bonus shares issued in the proportion 2:5.
1974 - Establishment of Jamshedpur factory for Foundry Chemicals.
1976 - 10,164 Bonus shares issued in the proportion 1:4.
1976 - Establishment of Bangalore factory for Foundry Chemicals.
1976 - Recognition of Research and Development Unit by the Department of Science and Technology, Government of India.
1978 - Diversification into Industrial Ceramics and Spark Plugs with factories at Aurangabad and Hyderabad.
1979 - Establishment of a large capacity Tank farm at the Reay Road Factory in Bombay for bulk storage of vegetables oils.
1979 - Shares subdivided during 1978. 5,08,200 Bonus shares issued in the proportion 1:1.
1982 - 3,38,800 Rights equity shares allotted (Prop. 1:3; Prem. Rs 1.25 per share) on 22.6.82.
1983 - Establishment of a full fledged, modern factory at tarapur in Maharashtra, for Foundry, Industrial and Speciality Chemicals
1983 - The management of IVP Ltd., changed from Forbes Campbell & Co. Ltd. to be the House of Allanas
1984 - The Company revalued its freehold land, buildings, plant and machinery relating to its Mumbai factory as on 31st December.
1985 - 6,77,600 Bonus Equity shares issued in propn. 1:2 and allotted on 9.4.1985.
1986 - During November the company signed technical collaboration agreement with M/s Feldmuhle Aktiengesells Chaft, (Feldmuhle Akg) West Germany for acquisation of knowhow for the manufacture high alumina, Ceramic, textile thread guides using injection moulding technology. The Company enunciated a modernisation-cum-diversification programme.
- Another project was taken up to set up a new unit at Kumbalagudu near Bangalore to manufacture foundry and other industrial chemicals.
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