Visaka Industries Limited

We Visaka Industries was established in 1981 to manufacture corrugated cement fiber sheets. With the initial production capacity of of 36,000 tons per year, the first factory in Patancheru, Andhra Pradesh commenced the commercial production of the cement sheets in 1985. Dr.G.Vivekanand   is the promoter Vice Chairman of the company. Mrs.Saroja Vivekanand is the Managing Director of the company. The other members of the board are: Mr.B.B. Merchant is the non executive chairman of the company and is in the board since 1983. Mr.Merchant is a Fellow of the Institute of Chartered Accountants of India and was the president of the Bombay Stock Exchange.Visaka QIP ISSUE - Placement Document Code of Conduct Distribution of Share Holding Annual Report - 2009-2010 Financial Results - Quarterly Financial Results - Yearly Facts on Asbestos.The company diversified into textile yarn manufacturing in 1992. Visaka took the unknown Airjet spinning technology as a challenge & successfully established the factory in Nagpur to produce about 2000 tons of man-made fibre yarns per annum. With focus on growth plan, the company has now grown to the position of second largest cement sheet manufacturer in India. Visaka has installed 7 factories spread across the country, producing about 650,000 tons of corrugated cement sheets per year.The spinning plant, with 28 MURATA Twinjet spinning machines, is the world{s largest installation of its kind, producing about 9,000 tons of yarns per annum. The non-asbestos fiber board & panel division was established in the year 2009 to cater to the needs of modern construction designs. This division has a capacity of producing 30,000 tons of sheets per year.Visaka{s turnover has touched Rs.600 crores during the financial year 2008-09. For the last 25 years, Visaka has been steadily growing and has been consistently paying dividends to its share holders. Visaka has been prompt in repaying its debts to all the banks. Visaka continues its corporate social responsibility and provides health, water and education to the under-privileged.Visaka{s dedicated employees with commitment continue to shoulder the successful operations of the company. The company is driven by established processes & systems. There is no compromise on quality at any point of time. Our continuing customers since the day of company{s inception are the testimony for Visaka{s commitment to customers.The company has further growth plans on its anvil and will continue to grow in the years to come.