Interfit Techno Products (ITPL) was incorporated as a public limited company in the state of Tamilnadu on April 21, 1993 with the Registrar of Companies, Tamilnadu at Madras. The company obtained the certificate of commencement of business on May 17, 1993. The Registered Office of the company is located at Flat No. 10, `C' wing, 6th Floor, Parsn Manere, 602, Anna Salai, Madras-600 006. The company is already in the line of manufacturing specialty stainless steel fittings at SF No. 112, Mathapur Road, Kaniyur Village, Coimbatore District. Commercial production in phase I, which manufactures these items, started in January 1995. There was an over-run of two months in implementing the project under phase I due to delayed sanction of power by TNEB. The proposed expansion project (phase II) is for diversifying the product line. The company will manufacture Stainless Steel Ball valves, a value added product related to the existing product. Ball valves are used extensively in process industries, air conditioning, drug formulation industries, breweries and potable water service.
Business areas of the company:
The company is currently engaged in the manufacture of stainless steel pipe fittings. This project has been appraised by Indian Bank. The cost of the project was Rs 562 lakh. It was financed by promoters' equity of Rs 230 lakh, a term loan of Rs 315 lakh from Indian Bank, and a subsidy of Rs 17 lakh from the State Government. Commercial production in this phase (I) started in January 1995.