Acclaim Industries Limited was originally incorporated in the name of Mukund Flexpack Limited on August 25, 1992 which is listed on the Bombay Stock Exchange Limited. Later the name of the company was changed to Elpro Packaging Limited on January 10, 2001 under the Registrar of Companies, Pune. Over the years, the management of the company faced several changes.
Finally on July 02, 2010, Abhishek Mehta and Bhavna Mehta took over the company by way of fulfilling the provisions laid under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997. And thus there was a complete change in the management. The objective of the company was changed to manufacturing and trading in the ferrous and non-ferrous metals, however the company has been doing the trading business till date.
The new management foreseeing the bright future of the company has now purchased land to set up a Manufacturing Plant at Valsad/ Gujarat for the production of semi-finished and finished Ferrous as well as the Non- Ferrous Metals. The company’s business shall now include the manufacturing as well as trading in the ferrous and non ferrous metals. The products shall include manufacturing of aluminium ingots and billets and thus shall fulfill the needs of the various major players in the Aluminium Alloys Industries. The company, apart from doing the business at the domestic level, is also planning to grab the opportunities to do the same overseas.
Manufacturing of Aluminium Ingots and Billets - The company is setting up the project for manufacturing aluminium ingots and billets (non ferrous metal) having universal application. The project is one of its kinds in SME sector and will be one of the only few in organized sector of the country due to highly innovative technology involved.
The gestation period of the project will be around three months and company expects to start commercial production accordingly. Further, company envisages reaching conservative capacity utilization during first year of operations. The project offers a much needed helping hand to various industries. The product is highly demanded because of its inherent strength and resistance power against corrosion and toxicity. Although the initial focus of the company is to cater local demand however there is a high export potentiality in the project.