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Amrit Corp. Limited (Amrit Corp.), formerly known as Amrit Banaspati Company Ltd., is the flagship holding company of the Amrit Group. Amrit Corp. is a public limited company listed on the stock exchanges at Mumbai and Kanpur. Starting off in the year 1940, Amrit Corp. set up various businesses including edible oils, writing & printing paper, dairy milk & milk products, real estate and services to emerge as a diversified conglomerate.
 

Amrit Corp. undertook a major initiative to restructure its business portfolio. As a part of long term business plan & growth strategy, a Restructuring Scheme was formulated, which has been duly sanctioned by all concerned including the shareholders, creditors and the Hon’ble High Courts at Allahabad, Delhi and Chandigarh. The Scheme has come into force on 23rd June, 2007. In terms of the Restructuring Scheme, the paper business together with the assets & liabilities has been demerged into a separate Company, ABC Paper Ltd., while edible oils & FMCG commodities business together with the assets & liabilities has been demerged and consolidated with Amrit Enterprises Ltd. (now renamed as ‘Amrit Banaspati Company Ltd.’). Amrit Corp. now has the following activities:

   
  UHT dairy milk, flavoured mik, dairy mixes and milk/milk based products
   
  Real Estate i.e. development of residential township, commercial spaces and group housing complexes
   
  Services i.e. corporate & strategic advisory services and BPO/back-office services to the Group Companies
   
  The ownership of the flagship Gagan brand and the Corporate Logo.
 

Amrit Corp. Limited has come a long way since its incorporation in 1940. Some of the significant Milestones traversed by Amrit Corp. Limited in its over 6 decade long journey are:

2010
  • Restructuring of promoters share holding in group companies.

  • 2007
  • Restructuring Scheme approved by all concerned including shareholders, creditors and the High Courts at Allahabad, Delhi      and Chandigarh and came into force on 23rd June, 2007 with retrospective effect i.e. 1st April, 2006.
  • Major Expansion Plan – envisaging an outlay of Rs.157 crore initiated in ABC Paper Ltd.
  • 2006
  • Restructuring Scheme envisaging demerger of the paper business of the Company into ABC Paper Ltd. and demerger of      the edible oil business with Amrit Enterprises Ltd. approved by the Board of Directors subject to necessary      consents/approvals of the regulating agencies, including the High Courts.
  • 2005
  • Installed a 9 MW captive power plant at the Paper Division
  • Developing Gagan Enclave township at Ghaziabad for residential plots
  • 2001-03
  • Scheme for Financial Restructuring sanctioned by BIFR and Company de-registered from BIFR.
  • 1998
  • ABCL filed reference with BIFR consequent to erosion of its net worth as on 31.12.1997;
  • Vanaspati plant at Ghaziabad dismantled and shifted to Rajpura. As a result,
  • Vanaspati capacity at Rajpura rose to 155 TPD.
  • 1991
  • APFL amalgamated with ABCL with the sole objective to service the institutional debt of APFL as all the Soya milk projects      came up at that time failed to take off primarily because of lack of consumer awareness of soya milk.
  • Ventured into dairy milk and milk products.
  • 1987
  • Paper division’s capacity enhanced to 26, 400 TPA· Modernisation of the Vanaspati & refining plants undertaken
  • 1986
  • ABCL promoted separate company, viz. Amrit Protein Food Ltd. (APFL) to produce and market soya-milk and other      soyamilk based beverages at Ghaziabad.
  • 1985
  • Separate facilities to produce refined oils were set up with a capacity of 20,000 TPA each at Ghaziabad and Rajpura.
  • Physical refinery was set up at Ghaziabad.
  • Solvent extraction plant capacity also added at Rajpura
  • 1982
  • The capacity of the Vanaspati plant raised to 125 TPD at both the locations.
  • Soap plants of 4000 TPA capacity also set up at Ghaziabad & Rajpura.
  • Glycerine plant of 1 TPD set up at Ghaziabad.
  • 1980
  • ABCL set-up its Paper Division in Sailakhurd (Punjab) to produce 10,000 TPA of cultural varieties of papers from      agricultural residues like rice straw, wheat straw, kana grass, bagasse etc.
  • 1969
  • ABCL set up second Vanaspati plant at Rajpura (Punjab) to manufacture 100 TPD of Vanaspati.
  • The capacity of the Ghaziabad Vanaspati plant raised to 100 TPD.
  • 1962
  • Textile mill sold to M/s Sayaji Mills Ltd.
  • 1953
  • The Vanaspati factory at Bombay shifted to Ghaziabad.
  • 1946
  • ABCL purchased the entire shareholding of M/s New Prahlad Mills Ltd., a composite textile mill having 1022 looms and      43,000 spindles. New Prahlad became a subsidiary of ABCL.
  • 1943
  • ABCL acquired Ahmad Oomarbhoy Mills, Bombay, having Oil Expeller, Vanaspati, Refinery & Hydrogenation plant.
  • 1941
  • ABCL got listed
  • 1940
  • Amrit Group promoted its first industrial venture, Amrit Banaspati Company Ltd. (ABCL) by setting up a Vanaspati      (hydrogenated vegetable oil) plant at Ghaziabad (UP) with an installed capacity of 25 TPD.
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    Amrit Food
    UHT treated dairy milk, dairy mixes and other milk products.
     more...
     
    Real Estate
    Intergrated Gagan Enclave Township.
     
    Services

    Corporate/Strategic advisory & BPO services.

     
     

    Amrit Banaspati Company Limited

    Hydrogenated & Refined Edible Oils & FMCG Commodities.
      more....
     
    Language institutes & corporate training.
    more...
     
    Amrit Agro Industries Ltd.
    Amrit Agro Inds. Ltd. is a supplier of milk-based products.
    more...
     
       
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