Raghunath International was incorporated as a public limited company under the Companies Act, 1956, on October 3, 1994. The certificate of commencement of business was obtained on October 11, 1994. The company has been promoted by Om Prakash Agarwal, Jai Prakash Agarwal, Sri Prakash Agarwal and Gopal Chand Gupta. The promoters, except Gopal Chand Gupta, are related to each other and are in business since long.
On October 11, 1994, the company entered into an agreement with Gopal Chand Gupta, the proprietor of International Impex for taking over his concern at a consideration of Rs 1.54 lakh in terms of one of the main objects of the company. The same was adjusted through the allotment of equity shares equivalent to the consideration amount to Gopal Chand Gupta. The said allotment was done on October 12, 1994.
Business area of the company
The company is engaged in manufacturing pan masala with an installed capacity of 345.60 lakh pouches of 3 grams each per annum under the brand name -- 'Sir'.