| The Company was originally incorporated as a Private Limited Company on 3rd April, 1986, as DATALAB (INDIA) PRlVATE LIMITED and due to Provisions of Section 43A. had became a Deemed Public Limited Company. Subsequently, due to changes in limits Under Section 43A the Company was re-converted into Private Limited Company on 19th March, 1991. The Company became a Public Limited Company again by passing a Special Resolution on 26th March, 1994, and the name of the Company was changed to DATALAB (INDIA) LIMITED and a fresh certificate of Incorporation has been obtained on 29th September, 1994 from the Registrar of Companies, Maharashtra. The Company has been promoted by Shri Ashok Kotwani and family to manufacture Hi-Tech products for export and local market. The Company was initially engaged in manufacturing of Spectrometers and other equipment for the export market. It had achieved a turnover of Rs.402.42 Lacs and Rs.799.48 Lacs in the period 1986-87 and 1987-89 respectively. The Company has its own 100% Export Oriented Unit at Seepz, Bombay to manufacture and export Spectrometers. The Company presently manufactures Gas Chromatographs under Technical Guidance from FISONS INSTRUMENTS, ITALY at its Unit at Vasai, Bombay. It also deals in Weighing Instruments. Spectroscopic products. Thermal Systems, Chromatographic products and Titrometry products. It is exclusively Authorised by world renowned leaders in Weighing and Analytical Equipment field like Mettler Toledo AG, Switzerland, GBC Scientific Equipment Pty Ltd, Australia, Fisons Instruments S.P.A. Italy, Milestone, Italy, ELGA, U.K., MIDAC, USA, etc., to stock and sell their products in India. 2006 -Ashco Industries delisting its securities from DSE. -Ashco Industries Ltd has appointed Mr. Shashin Rajnikant Shah and Mr. Rajesh Sriniwas Nawathe as Additional Directors w.e.f. June 30, 2007 in the category of Independent Directors. 2008 - Company name has been changed from Ashco Industries Ltd to Ashco Niulab Industries Ltd. |
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