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₹302.25a day ago
₹319.852 days ago
The company was incorporated under the provisions of the Limited Liability Partnership Act, 2008 in the name and style of “Platinum Industries LLP” on August 19, 2016. Platinum Industries LLP was thereafter converted into a private limited company “Platinum Industries Private Limited” pursuant to the provisions of Chapter XXI of the Companies Act, 2013 vide Certificate of Incorporation dated July 09, 2020 issued by the Central Registration Centre, Registrar of Companies. Subsequently, the company has been converted into a public limited company and the name of the company changed to “Platinum Industries Limited” pursuant to a special resolution passed at the Extra-Ordinary General Meeting of the company held on March 31, 2023 and a fresh Certificate of Incorporation dated June 02, 2023 has been issued by the RoC.The company is a multi-product company engaged in the business of manufacturing stabilizers. Its business segment includes PVC stabilizers, CPVC additives and lubricants. It operates in the speciality chemicals industry. Its products find their application in PVC pipes, PVC profiles, PVC fittings, electrical wires and cables, SPC floor tiles, Rigid PVC foam boards, packaging materials, etc. The company provides customized products and solutions directly to its customers and also through its network of distributors. It also undertakes trading activities of associated commodity chemicals such as titanium dioxide and PVC/CPVC resin. It exports its products to other countries also. It has a distribution network of 12 spread across India.The company’s manufacturing facility is located at Palghar, Maharashtra. Its Manufacturing Facility has obtained ISO 9001:2015 certification for quality management systems. Its Manufacturing Facility which is strategically situated in close proximity to JNPT (Nhava Sheva) Port, Maharashtra (JNPT) from where it receives its supply of imported raw materials as well as export out finished goods to the international market. The company invests in RD activities to create a differentiating factor and sustainability in its products and services vis-a-vis its competitors. In addition to its manufacturing facilities at Palghar, Maharashtra it has a dedicated in-house RD facility located at village Dhansar, Palghar, Maharashtra (RD Facility). Its RD Facility is equipped with analytical laboratory infrastructure for various developmental activities which includes process, finished products and other raw materials. It shares its RD facility with its group companies.Business area of the companyThe company specializes in producing stabilizers. The company manufactures PVC stabilizers, CPVC additives and lubricants. The company's products are used in PVC pipes, PVC profiles, PVC fittings, electrical wires and cables, SPC floor tiles, Rigid PVC foam boards, packaging materials, etc.Key events and milestones2016: Incorporated as LLP and started the production of lead and non-lead based PVC Stabilizers.2018: Started production of CPVC additives and lubricants.2019: Set up of Research Development center at Palghar, Maharashtra.2020: Converted from LLP to Private Limited Company.2020: Started production of Hybrid (Low Lead) PVC stabilizers.2020: Established subsidiary, Platinum Global Additives Private Limited.2021: Started production of organic based stabilizers.2022: Crossed consolidated turnover of Rs 1500.00 million.2022: Established subsidiaries, Platinum Oleo Chemicals Private Limited and Platinum Stabilizers Egypt LLC.2022: Acquired land in Egypt for setting up for the Proposed Facility 2 (Egypt).2022: Started manufacturing of Polyethylene waxes (PE waxes).2023: Crossed consolidated turnover of Rs 2300.00 million.
