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Vadilal Dairy International Ltd.

BSE: 519451 Sector: Agri and agri inputs
NSE: N.A. ISIN Code: INE159T01016
BSE 05:30 | 01 Jan 1970 Vadilal Dairy International Ltd
NSE 05:30 | 01 Jan 1970 Vadilal Dairy International Ltd

Vadilal Dairy International Ltd. (VADILALDAIRY) - Company History

Vadilal Dairy International (formerly known as Super Milk Makers) was incorporated as a private limited company in Jul.'87 and was converted into a public limited company in May '93. Promoted by the House of Vadilal, the company commenced commercial production of icecreams in 1988 by setting up manufacturing facilities at Tarapur with an installed capacity of 5760 k ltr. In 1994, the company diversified to manufacture milk, butter, cheese, ghee, malted milk food, infant milk food, skim milk powder and casein. It set up an integrated diary at Sinnar, Maharashtra, which was financed by a public issue in Jun.'94. The dairy products are marketed under the Dairi-Rich brand name. It has also entered into an agreement with Ault Foods, Canada, to assist the company with technical know-how for the manufacture of various types of butter and cheese. During the year 1999-2000, the profitability of the company has been affected sharply due to steep increase in the transportation cost and change in the excise duty. Hence, the company has become sick unit under SICA 1985 and has made reference to the BIFR and its operating agency for revival.