As per the NSE mass information for tertiary May 2017, our primary portfolio fellow member Ashish Kacholia has bought 25 lakhs of Time Technoplast from AMERICAN FUNDS INS SERIES GLOBAL SMALL CAPITALIZATION FUND, which is belongings 5.26% pct of the company. AMERICAN FUNDS INS SERIES GLOBAL SMALL CAPITALIZATION FUND sold 55 lakh shares at 115.12 too the same was bought yesteryear Ashish Kacholia too R.B.A.FINANCE.
About Time Technoplast
Are y'all interested to listen the flush of a guy who hired the soul who sacked him in 1 lawsuit too forced him to showtime a company? Here is the flush of Anil Jain, the founder of Time Technoplast. Anil Jain started the companionship alongside an initial investment of ix lakhs at the historic menstruation of 36. Till too then Time Technoplast has grown from 2.5 crores inwards 1992 to 3000 crores inwards 2017.
Time Technoplast Ltd is a multinational companionship involved inwards the manufacturing of technology too excogitation driven polymer products having presence inwards ix countries across South East Asia, Middle East too North Africa (MENA). The companionship is caput quartered inwards Mumbai, India.
The grouping concern involvement includes Industrial Packaging, Lifestyle, Infrastructure, Automotive Components, Healthcare, Composite Cylinders, too Material Handling products inwards many of which the grouping enjoys a leadership position.
Since its inception inwards 1992, Time Technoplast has laid itself apart from its competitors yesteryear focusing on inquiry too development, futuristic production designing, superior client service yesteryear setting upwards 28 manufacturing units & 10 regional too marketing offices to run into the growing need of Indian customers & farther to fill upwards the require gap for global customers.
Recent Positive Developments
New Product Launch: Company launched its highly technical too innovative MOX cinema (Multi layer Multi axis Oriented Cross Laminated Film) nether the build ‘Techpaulin’ effective 1 st of Apr 2017.
The production has taken off too received really good inwards the market. Company has appointed over 27 distributors / dealers inwards the nation of Kerala, Andhra Pradesh, Karnataka, Telangana too Maharashtra inwards the initial stage too the procedure of appointing distributors too dealers inwards other states is inwards progress
Expansion: Time Technoplast aims to double the cylinder capacity from the electrical current 7,00,000 to 14,00,000 yesteryear June 2017. As of forthwith companionship has a total lodge volume of 1.8 1000000 cylinders too its expecting to a greater extent than orders to come upwards in. Company is expecting that its RoCe volition grow from the electrical current xiii pct to 15-17 pct inwards 2018 too 22 pct yesteryear 2022.
Liquidate Land Parsel : Company has plans to sell its owned Earth later developing inwards the adjacent two twelvemonth fourth dimension frame. For this, promoters may dilute 1 to a greater extent than percent(they take away keep already dialuted 1 percent) to heighten majuscule for Earth development. Anil Jain confirmed that in 1 lawsuit the Earth is fully developed, it tin live sold for near 200 crores too the same tin live used for purchase dorsum of shares.
The production has taken off too received really good inwards the market. Company has appointed over 27 distributors / dealers inwards the nation of Kerala, Andhra Pradesh, Karnataka, Telangana too Maharashtra inwards the initial stage too the procedure of appointing distributors too dealers inwards other states is inwards progress
Expansion: Time Technoplast aims to double the cylinder capacity from the electrical current 7,00,000 to 14,00,000 yesteryear June 2017. As of forthwith companionship has a total lodge volume of 1.8 1000000 cylinders too its expecting to a greater extent than orders to come upwards in. Company is expecting that its RoCe volition grow from the electrical current xiii pct to 15-17 pct inwards 2018 too 22 pct yesteryear 2022.
Liquidate Land Parsel : Company has plans to sell its owned Earth later developing inwards the adjacent two twelvemonth fourth dimension frame. For this, promoters may dilute 1 to a greater extent than percent(they take away keep already dialuted 1 percent) to heighten majuscule for Earth development. Anil Jain confirmed that in 1 lawsuit the Earth is fully developed, it tin live sold for near 200 crores too the same tin live used for purchase dorsum of shares.
