Fundamentals of Innocorp
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Financials of Innocorp
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Innocorp Limited focuses on manufacturing power infrastructure and trading. The Company provides infrastructural services for the power transmission and distribution sector. Its services include const ... ruction of low temperature (LT) and high temperature (HT) lines, supply of equipment manufactured in its own facilities and providing services in the areas of modernization of the power sector & information technology (IT) power initiatives. The Company offers a range of manufacturing facilities to provide various needs of plastic industries. Its Innoplast product range includes consumer durables, such as chairs, stools, tables; engineering plastics upto a unit weight of 2,400 grams; thermoplastic insulators; components for washing machines, refrigerators, and other mould. The company was incorporated in the year 1994.Innocorp was conceived as Innovations Showrooms Pvt. Ltd., in 1983 to market the consumer durables. In 1994, the company went to become a public limited company Known as Innosoft Technologies Limited [formerly known as Innovations International Exim Limited] with an authorized capital of Rs. 70.00 Millions with a main objective of setting up a production unit for manufacture of Plastic Moulded Products and was established in the Industrial Development Area at Plot No. 41, IDA, Mallapur, Ranga Reddy District. All the required Plant & Machinery and other facilities were installed in the state of the Art 25,000 sq.ft. Manufacturing facility. In 1996, the company headed by its Founder & Chairman and Managing Director, Mr. Garapati, went for public issue and was successfully subscribed. In 2006 the companys name is changed to INNOCORP LIMITED and is apart from its core business is also providing total infrastructural services for Power Transmission & Distribution sector like the power cable manufacturing and laying of LT & HT lines. As of March 31, 2011, the Company had an installed capacity of 1700 metric tons of injection molded items. During the fiscal year ended March 31, 2011, the Company produced 21,38,415 numbers of tableware and kitchenware. Read More
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