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Kings Infra Ventures History
BSE:530215 | IND:Real Estate | ISIN code:INE050N01010 | SECT:Real Estate
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The Company History page lists out the major events in chronological order for Kings Infra Ventures Ltd.
| Company History - Kings Infra Ventures Ltd. | ||
| The Company was incorporated on 23rd November, 1987 as a Public Limited Company with the Registrar of Companies, Kerela at Ernakulam and obtained the Certificate of Commencement of Business on 15th February, 1988. The Company is member of the Kings Group of companies who are one of the major exporters of marine products. The Company was set up as part of the Group's plans for backward integration. The Company was amongst the pioneers in promoting the concept of Aquaculture in the country and has by its experience developed a proven technology of Aquaculture suitable to Indian conditions. The Company had in 1988 set up an aqua farm and a shrimp hatchery of 50 Million frys per annum spread over 126 Acres of land at Ottapidaram Taluk. Pattanamaradur village, Tuticorin. The Commercial production at the aqua farm commercial began in March, 1990. The Company has achieved a production level averaging 8 tonnes/ha/crop. The financial performance of the Company for the last 3 years as per the Audited Accounts of the Company is as under: MAIN OBJECTS OF THE COMPANY The main objects of the Company as stated in the Memorandum of Association are as under 1. To purchase, breed, raise, produce or otherwise acquire, invest in, own, hold, use, lease, mortgage, pledge, sell, assign, transfer or otherwise dispose of,trade, deal with and purchase, manufacture, produce, make, deal in and deal with any and all articles or things manufactured, produced, resulting or derived in whole or in part from marine products whether to be used in breeding or as food or in commerce, manufacture, the science, the arts or otherwise. 2. To setup, lease, take or let on hire Shrimp farms, shrimp hatcheries, fish feed plants, marine products processing and freezing facilities. PRESENT BUSINESS The Company is at present engaged in aquaculture operations spread over an area of 126 acres at Tuticorin, Tamilnadu, with a water spread area of 70 Acres. The commercial production at the aqua farm commenced in March, 1990. Using aquaculture the company produces Shrimps which are exported to various countries using the marketing network of the group companies. The Company now proposes to expand the operations by adding another 50 acres with a water spread area of 35 acres (14 Hectares). 2007 - Victory Aqua Farm Ltd has informed that the Board of Directors has appointed Mr. T Venkatramani as Wholetime Director and Chief Executive Officer of the Company with effect from June 04, 2007, subject to necessary statutory approval. 2010 -Company has changed its name from Victory Aqua Farm Ltd. to Kings Infra Ventures Ltd. -Registered Office of the Company has been shifted From Kings Building, Neendakara, P.O. Kollam - 691 582 To A-1, First Floor, Atria Apartments, Opposite Gurudwara Temple, Perumanoor Road, Thevara, Cochin - 682 015. | ||
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Stock Summary
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Company History
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Cash Flow Statement
Half Yearly Results
Capital Structure
Chairman's Speech
Company History
Locations
Dividends
Splits
Competitors
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