Short notes on Promoter, Company & its Background
40+ years track record of the promoter “Kumar V. Shah” shows the ability and dedication in maintaining his and the company’s reputation.
Set up a paints and hardware shop namely “DEEP JYOTE PAINTS AND CHEMICAL CORPORATION”.
Started a tiny unit for paint manufacturing at Vasai (East), Maharashtra, India; while utilizing a land of 500 sq. ft.
Production expanded from tiny to small scale units and manufacturing area was increased from 500 sq. ft. to 6000 sq. ft.
Established a closely held new limited company namely “DERA” which was merged with "Deep Jyote" for the further expansion and backward integration in paints and to procure a plot of land sized 10 acres at Chiplun, Lote, Parshuram, Maharashtra, India.
The company, under the name of "DERA" successfully brought in a public issue and listed it’s equity shares on the ‘Bombay Stock Exchange’ – B.S.E Ltd.
“DERA” was manufacturing specialized automobiles paints for O.E and re-finish coatings supplying and distributing to a network of 400 dealers.
The company was supplying its various products to its esteemed customers like “Mahindra & Mahindra LTD”, “Gujarat Narmada LTD”, “International Tractors LTD”, “Premiere automobile LTD”, “Castrol LTD”, and many more.
Commencement of commercial production at the 2nd plant in Chiplun.
After the successfully journey producing phenomenal growth in the past 24 years, due to a stroke of unforeseen circumstances the company took a huge hit. Being a high explosive paint plant at the mother factory Vasai, caught a fire due to an accident and gutted the entire factory. The fire also had huge impact on the working conditions of the Chiplun plant.
The promoter “Kumar V. Shah” with his diligent work wanted to repay all the debts in order to maintain his reputation.
After coming out from numerous challenges, the promoter “Kumar V. Shah” managed to repay almost all the debts of the company and had settled all major liabilities. After which, he started working on revised plans for the future of the company since times had changed and restarting a paints manufacturing factory was not feasible.
In the vision of reviving the company, the following success were achieved by the company: The company was relisted in ‘Bombay Stock Exchange’ – B.S.E LTD, in June 2014. The company was renamed to “MITSHI INDIA LIMITED”.
The company successfully brought in a preferential equity of ₹184 lacs to meet the part / balance creditor’s payments and to fund the above expenses of the initial revised plan.
Commence for trading: 16/12/2015. "Taaza Kitchen" DIVISION started while approved in Board meeting in 2016. Business module planned in various phase including loose sales of F&V business started
Bulk B2B Vegetable Sales, and Mitshi Softwares started as a DIVISION of MITSHI INDIA LTD (2016-17). The company successfully brought in a preferential equity of Rs.180 lacs with an Rs. 5/- per share premium under SEBI approvals to meet the Project funding of the Taaza kitchen to go head towards the Hig Profit and valuation of the Divisons.
In April 2018 company has commercially launched Taaza Kitchen Brand for ONLINE sales of Fruits and Vegetables to supply to Super market and House Hold customers. The online solution of E-Commerce platform developed by in-house software disvision "Mitshi Softwares".
- Technologies (Software and Hardware)
- Papers and its by products
- Logistics / Ware House
- Painting / Housekeeping - services
- Online / Offline General Merchandise (5000 products business can be done)
- Gold / Silver Jewelry
- Scraps: MS / Plastics / Paints –used for recycle
- Smart City Business activities/ developments, , Construction all categories including infrastructures
- Carry on online /E solution for payment /introducing system of wallet and related activities through its existing and proposed divisions