Shri Parasmal Gothi, founder of the company has been a visionary and saw the opportunity to introduce the concept of plastic disposable products into India at a very early stage. After running a private firm for several years took the leap to put a much larger plant and taking the company public. Importing machinery from Holland & Germany and setting up an automated line. With markets exploding without proper policies, checks & balances the market for organized sector shrunk and could not accommodate all players, followed by negative campaign for plastic. Whereby subsequent bans by several governments hit the company hard. The company explored & diversified into real estate development on the land it had and built facilities for lease to offer to ITES. Today its is a prime developer in the state of Pondicherry and has MNC’s as its clients. It will keep looking for opportunities in this field to expand its foot print in the state of Pondicherry.
Year of Establishment 1994
Nature of Business Real Estate and Property Business
Legal Status of Firm Public Limited Company
Number of Employees 11 to 25 People
Mr. SANJAY GOTHI , Chairman and Managing Director
Mr. PARASMAL GOTHI , Director
Mr. PRAKASH CHAND , Independent Director
Mrs. MONICAAJIT SINGH JAIN , Independent Director
Mr. RAJESH JAIN , CFO
Mrs. MEGHA SOMANI , Company secretary and compliance officer
The company was founded in 1994 as the economy was opening up and the founder chairman who had over 2 decades of experience in the plastic industry went public to put one of the finest production lines in the country. Ahead of its time and market / govt policies did not favor the project and after keeping it going for over a decade, steered the company into real estate development company & from a loss making venture to a profitable one with grit & determination. Today it is know as a high quality developer and caters to only MNC’s for leasing the property for lease.